2018 Guide to Effective Proxies

2.9 Board diversity graphics | 143 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES ATLAS AIR WORLDWIDE HOLDINGS, INC. BANK OF AMERICA CORPORATION THE BOEING COMPANY CHENIERE ENERGY, INC. PROXYSUMMARY Director Nominees JaneH. Lute Shelia A. Stamps Recently-Elected Directors BobbyJ. Griffin JohnK. Wulff CharlesF. Bolden, Jr. (2016) (2016) (2017) To best serve shareholders, our two Director nominees and three recently joined Directors bring an appropriate balanceoffreshperspectiveandexperiencetoeffectivelyoverseestrategyandmanagement. Upon election by our shareholders at the 2018 Annual Meeting, the average tenure of our Directors and the compositionofourBoardwouldbesixyears: 0-2 years 5directors 14 years 1director 6-13 years 4directors Director Tenure 5newDirectors since2016 AverageTenure:6 years Board Composition Other board members 50% Diverse board members 50% 3gender- diverseDirectors To evidence the Board’s focus on refreshment, tenure and composition matters, the Board’s average tenure has declined from eight years in April 2016 to six years today (assuming the election of the entire proposed Board slate). ✓ BestPractices. Wemaintaincorporategovernancebestpracticesthatpromoteaccountabilityandprotect shareholderrights,includingtheadoptionofproxyaccessprovisionsinourby-lawsandtheimplementationof majorityvotinginuncontestedelections. In addition, we have annually elected Directors, 100% Board independence (except our CEO), separate CEO and Chairman positions, no poison pill in place, 100% independent Board committees, and ongoing dialogue withshareholders,includingongovernance,executivecompensation,andotherkeybusinessmatters. Pleaseseepages14-21forfurtherdiscussionofourgovernancepractices. viii Proposal1:ElectingDirectors Our Director Nominees Recommend. TheBoardselectedour15directornomineesbasedontheirsatisfactionofthecoreattributesdescribedonpage3, andthebeliefthateachcanmakesubstantialcontributionstoourBoardandcompany.OurBoardbelievesournominees’breadth ofexperienceandtheirmixofattributesstrengthenourBoard’sindependentleadershipandeffectiveoversightofmanagement,in thecontextofourcompany’sbusinesses,ourindustry’soperatingenvironment,andourcompany’slong-termstrategy. 5 Women directors 2 African-American directors 1 Hispanic director 14 are independent 11 have internationalexperience 10 serve or have served on another U.S.publiccompanyboard in the 10 joinedourBoard since2012 9 have CEOexperience 5 have senior executive experience at 47% Diverse Our 15 nominees: ‰ areseasonedleaderswhohaveheldadiversearrayofleadershippositions incomplex,highlyregulatedbusinesses(includingbanksandotherfinancial servicesorganizations),andwithoneofourprimaryregulators ‰ haveservedaschiefexecutivesandinseniorpositionsintheareasofrisk, operations,finance,technology,andhumanresources ‰ bringdeepanddiverseexperienceinpublicandprivatecompanies,financial services,academia,thepublicsector,nonprofitorganizations,andother domesticandinternationalbusinesses ‰ areexperiencedinregulated,non-financialservicesindustriesand organizations,addingtoourBoard’sunderstandingofoverseeingabusiness subjecttogovernmentaloversight,andenhancingthediversityofourBoard withvaluableinsightsandfreshperspectivesthatcomplementthoseofour directorswithspecificexperienceinbankingorfinancialservices ‰ representdiversebackgroundsandviewpoints ‰ strengthenourBoard’soversightcapabilitiesbyhavingvariedlengthsof tenurethatprovidehistoricalandnewperspectivesaboutourcompany Represent a diverse range of qualifications and skills: ‰ StrategicPlanning ‰ FinancialServicesExperience ‰ Consumer,Corporate,and InvestmentBanking ‰ MarketingandRetailDistribution ‰ Environmental,Social,and Governance(ESG) ‰ HumanCapitalManagementand SuccessionPlanning ‰ CorporateGovernance ‰ LeadershipofComplex,Highly RegulatedBusinesses ‰ RiskManagement,includingCredit, Operational,andReputationalRisk ‰ Audit/FinancialReporting ‰ Government,PublicPolicy,and RegulatoryAffairs ‰ Cybersecurity,Technology,and InformationSecurity ‰ PublicCompanyBoardService ‰ BusinessDevelopment ‰ GlobalPerspective Represent a range of tenures, with an average tenure of 6.1 years (1) : 10 3 0 – 5 years 2 > 5 – 10 years >10 years (1) Calculatedbyfullyearsofcompletedservicebasedondateofinitialelectionasofourannual meetingdate. BankofAmericaCorporation2018ProxyStatement 5 SummaryofDirectorCoreCompetencies Thefollowingchartsummarizesthecorecompetenciesofourdirectornominees. Our director nominees complement each other to create awell-rounded boardroom, and each adds: A deep commitment to stewardship A proven record of success Operations OurDirectors core competencies: Corporate Finance InternationalExperience Energy IndustryExperience Risk /CrisisManagement TradingFinancialCommodities Government /Regulatory Governance Unique and valuable insight International industry experience 6 9 11 11 11 8 6 11 Snapshot of 2018DirectorNominees • • • • AverageAge: 3Directors Ages36-45 2Directors Ages46-55 3Directors Ages56-65 3Directors Ages66-75 56.7Years AverageTenure is 6.7Years 0 - 3 Y e a r s 8 + Y e a r s 4 - 7 Y e a r s 3Directors 4Directors 4Directors MandatoryRetirementatAge75 3NewDirectorsSince2016 There are eleven nominees standing for election as directors at the Meeting. Each nominee, if elected, will hold office for a one-yeartermexpiringatthe2019AnnualMeetingofShareholdersandwillserveuntilhisorhersuccessorisdulyelectedand qualifiedoruntilhisorherearlierdeath,resignationorremoval.Eachofthedirectornomineeshasconsentedtoserveasadirector ifelectedorre-elected. Eachofthedirectornominees,otherthanMr.Mather,currentlyservesontheBoard.Mr.LanghamwasappointedtotheBoardon August 14, 2017 in accordance with the terms of the Nomination and Standstill Agreement entered into on August 21, 2015 amongtheCompany,IcahnCapitalLPandcertainaffiliatesofIcahnCapitalLP(the“StandstillAgreement”).Mr.Matherhasbeen nominated to replace current director John J. Lipinski and was brought to the attention of our Governance and Nominating CommitteeinaccordancewiththetermsoftheStandstillAgreement.Mr.Lipinskiwillnotstandforre-election. Directorsareelectedbyamajorityofvotescastwithrespecttosuchdirectornominee.Unlessyourproxyspecifiesotherwise,itis intendedthatthesharesrepresentedbyyourproxywillbevotedfortheelectionoftheseelevennominees.Ifyouareabeneficial owner,yourbank,brokerorotherholderofrecordisnotpermittedtovoteyoursharesonProposal1toelectdirectorsifthebank, broker or other holder of record does not receive specific voting instructions from you. Proxies cannot be voted for a greater numberofpersonsthanthenumberofnomineesnamed.TheBoardisunawareofanycircumstanceslikelytorenderanynominee unavailable. TheBoardrecommendsavote FOR theelectionoftheelevennomineesasdirectorsoftheCompanytoholdofficefora one-year term expiring at the 2019 Annual Meeting of Shareholders or until their successors are duly elected and qualified. Snapshotof2018DirectorNomineesOurdirectornomineescomplementeachothertocreateawell-roundedboardroom,andeachadds:AdeepcommitmenttostewardshipAprovenrecordofsuccessUniqueandvaluableinsightInternationalindustryexperienceOurDirectorscorecompetencies:Operations6CorporateFinance9InternationalExperience11EnergyIndustryExperience11Risk/CrisisManagement11TradingFinancialCommodities8Government/Regulatory6Governance11MandatoryRetirementatAge753NewDirectorsSince2016NoSpacing;AverageAge55.4yearsAveragetenure6.7years 8 CheniereEnergy,Inc. NoticeofAnnualMeetingofShareholdersand2018ProxyStatement ELECTION OF DIRECTORS (ITEM 1) PROPOSAL SUMMARY Shareholdersarebeingaskedtoelectthe13directornomineesunder“DirectorNominees”beginningonpage5to serveuntilthe2019AnnualMeetingofShareholders. TheBoardrecommendsthatyouvoteFOReachofthe13directornominees. Board Composition and Engagement 0-3 years 5-9 years 10+ years Average 7.7 Years Balanced Director Tenure 4 6 3 Active Engagement • Significantinvolvementinstrategydevelopment • Regularexecutivesessionsofindependentdirectors • MultipleBoeingproductionsitevisitseachyear • StrongBoardandcommitteemeetingattendance • Extensiveroleinsuccessionplanning,including in-depthmeetingsbetweenindividualdirectorsand seniorexecutivesatBoeinglocations • Comprehensiveoversightofstrategic,operational, andcompliancerisks 12 of 13 Independent Current or Former CEO of a Global Public Company Technology/ Innovation Leadership Senior U.S. Government/Military Experience 9 6 4 In-Depth Aerospace Expertise Highly Regulated Industry Experience Former Fortune 500CFO 4 8 4 Senior Leadership Experience ComplexManufacturing Expertise Fortune 500 Board Experience 13 5 11 4 2018Proxy Statement