This Note addresses issues and questions that a company and its counsel (in-house and outside company counsel) should consider in evaluating and establishing its corporate governance practices. In particular, the Note reviews concerns relating to the board of directors, including its size, members, independence, compensation, election and leadership. The Note focuses on the key board committees, including whether the company must have audit, compensation and nominating and corporate governance committees, and the size, independence and meetings of each committee. This Note also reviews significant executive compensation practices, including setting executive compensation, adopting new compensation policies and how to handle say on pay. In addition, this Note discusses other corporate governance issues, including risk management and CEO succession.