2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 154 TEGNA, INC. TENET HEALTHCARE CORPORATION TWITTER, INC. UNISYS CORPORATION PROPOSAL1—ELECTIONOFDIRECTORS ShareholderEngagement TheCompanyalsohasapolicythatallofourdirectorsattendourAnnualMeetingofShareholders,whichpresentsyetanother opportunityforustoengagedirectlywithourshareholders.Allofthestandingdirectors,andthosenominatedforelectionatthetime, attendedtheCompany’s2017AnnualMeetingofShareholders. Forthosewhoareunabletoattendanyofourinvestormeetings,transcriptsofallmanagementpresentationsareavailableonour websiteatwww.tegna.com.AnyshareholderwhohasaninquiryormeetingrequestisinvitedtocontactJeffHeinz,VicePresident/ InvestorRelations,at703-873-6917. ANNUAL BOARD PERFORMANCE EVALUATION TheCompanybelievesincontinuouslyimprovingitscorporategovernancepracticesinordertosupporttheCompany’sperformance.In 2017,theBoardretainedanindependentconsultantexperiencedincorporategovernancematterstoconductanin-depthstudyofthe Board’seffectivenessandtoassistitwiththeannualperformanceevaluationprocess.Theconsultantinterviewedeachdirectorto obtainhisorherassessmentoftheeffectivenessoftheBoardanditscommittees,includingidentifyingopportunitiesfortheBoardto enhanceitseffectiveness.TheBoardthenmetwiththeconsultanttodiscusstheconsultant’sfindingsandrecommendationsfor enhancingtheBoard’soveralloperationandeffectiveness.Asaresultofthisprocess,theBoardimplementedanumberofthe consultant’srecommendations,includingincreasingtheamountoftimededicatedtoBoardstrategydiscussionsandholdingmore committeemeetingsinbetweenscheduledBoardmeetings. INFORMATION ABOUT DIRECTORS OurBoardmembershaveadiversesetofqualifications,skillsandexperiencesandalsoreflectdiversityofage,tenureandgender.The Boardregularlyevaluatesitscompositiontodetermineifthereareareasforimprovement.Ourrecentdirectorrefreshmentactivitiesled theBoardtoaddMs.WitmerinDecember2017andMs.BianchiniandMr.EpsteininFebruary2018,supplementingtheexistingskills andexperienceofourBoard,increasingthesizeoftheBoardto12directorsandresultingin5ofour11independentdirectorshaving lessthan3yearsoftenure. AGE TENURE GENDERDIVERSITY 7 40s 50s 60s 2 3 59.5 yrs average age 1-3 4-7 years 8-10 4.8 yrs average tenure men 7 5 women 41% women DIRECTORSKILLS 12 11 10 5 6 6 5 7 5 Financial Leadership International Marketing Media M&A PublicCo.BoardExperience PublicCo.C-SuiteExperience Digital/Technology 5 2018PROXYSTATEMENT PROXY STATEMENT SUMMARY Conifer Sale Process InDecember2017,TenetannouncedthatithadinitiatedaprocesstoexploreapotentialsaleofConiferaspartofabroaderandongoing strategicreviewoftheCompany’sportfolio.Atthesametime,TenetremainsfocusedondrivinggrowthatConiferbycontinuingtomarketand expandConifer’srevenuecyclemanagementandvalue-basedcareservicesbusinesses,andbydiversifyingConifer’scustomerbase. Divestiture of Non-Core Hospital Assets Tenetisactivelymanagingitsportfolioofhospitalassets.Bydivestingnon-corehospitalassets,Tenetexpectstoyieldover$1billionof proceeds,comprisedofover$700millionincashproceedsandtheeliminationofapproximately$300millionofcapitalleasedebt.For example,recentdivestituresofnon-corehospitalassetsinclude,amongothers:thesaleoftwohospitalsinPhiladelphia,Pennsylvaniathat closedJanuary11,2018;thesaleofMacNealHospitalintheChicagoareathatclosedMarch1,2018;thesaleorrestructuringofthree minorityinterestsinjointventureswithBaylorScott&WhiteHealth;andthesaleofDesPeresHospitalinSt.Louis,Missourithatisexpected tobecompletedinthesecondquarterof2018. BOARD REFRESHMENT Sincethefall,TenethasaddedthreeindependentdirectorstoitsBoard,cappingathree-yearperiodofsignificantrefreshment.Since2015, Tenethasaddedeightnewdirectors,fourofwhomarestandingforreelectionatthe2018annualmeeting.Fouroftheeightnewdirectors wereproposedbyTenet’slargestshareholder,GlenviewCapitalManagement,LLC(“Glenview”),twoofwhomresignedinAugust2017and twoofwhomarenotstandingforreelectionatthe2018annualmeeting.Ofourlonger-tenureddirectors,KarenM.GarrisonandRichardR. Pettingillwillalsonotbestandingforreelection.Theaveragetenureofourdirectorsstandingforreelectionatthe2018annualmeetingis approximatelysevenyears.Atthistime,theBoardiscomprisedofhighlytalentedandengageddirectorswithdiversebackgroundsandskill setsthatenabletheBoardtoeffectivelyoverseeTenetthroughitstransformation.TheBoardexpectstoaddadditionalindependentdirectors withskillsetsthatarecomplementarytothoseofourcurrentdirectorsandthatalignwithTenet’sstrategicprioritiesgoingforward. Appointment of a New Independent Lead Director TheCompanyhasastrongindependentLeadDirectorrole,asdescribedinourCorporateGovernancePrinciples.J.Robert“Bob”Kerreywas appointedtothepositionofLeadDirectorinOctober2017.SenatorKerreyisaformergovernorandU.S.SenatorfromNebraskawithan extensivebackgroundinaccounting,financeandpublicpolicy.TheLeadDirectorisresponsibleforchairingexecutivesessionsoftheBoard, servesasaliaisonbetweentheindependentdirectorsandtheExecutiveChairmanoftheBoard,approvesinformationdistributedtothe Board,andrepresentstheBoardinmeetingswithinvestors,legislators,regulatorsandotherconstituents,asdescribedinadditionaldetail under“BoardLeadershipStructure–RoleofLeadDirectoroftheBoard”beginningonpage13. Board Highlights FollowingourBoardrefreshmenteffortsinrecentyears,wehaveachievedabalancedmixofdiversity,ageandtenureintheboardroom.The differentiatedperspectivesthatresultfromthecompositionofourcurrentBoardcontributemeaningfullytotheeffectivenessoftheBoardinits oversightroleandtoitsroleinhelpingthemanagementteamsuccessfullynavigatethechallenginglandscapeinwhichTenetiscurrently operating.OurcurrentdirectornomineesalsodemonstrateourcontinuedcommitmenttoabalancedBoard. Diversity,AgeandTenureofBoardNominees DIVERSITY DiverseBoardmembers (basedongender and/or ethnicity) 38% DIVERSE < 65 65-70 71-74 AGE 67 AVERAGEAGE 2 4 2 TENURE* IncludesSen.Kerrey’sprior service as aBoard member fromMarch 2001 toMarch 2012 * AVERAGE TENURE 3 years or less More than 3 years ~7 TENETHEALTHCARE Š 2018PROXYSTATEMENT 3 The following charts highlight the balance in age and the diversity in tenure, gender and ethnicity of our director nominees. Also highlighted are the variety of background and experience of the director nominees. The Board believes that this balance and mix of diversity, background and experience will help bring broad and valuable perspectives to the Board that will lead to a well-functioning board of directors. AGE 3 5 1 50s 60s 70s TENURE 0-2Years 2-4Years 4-6Years 6-8Years 8+Years 1 3 2 1 2 DIVERSITY INDEPENDENCE 3Females, 2AfricanAmericans 56% Female and Ethnically Diverse 89% Independent 8 Independent CEO 4 BOARD OF DIRECTORS AND CORPORATE GOVERNANCE ConsiderationsinEvaluatingDirectorNominees 7 independent directors 2 employee directors 3 women 5 35-50 2 51-60 2 61-75 AGE 6 men GENDERDIVERSITY DIRECTOR INDEPENDENCE 4 <3years 3 6-11 years 2 3-5years TENURE Board of Directors Experience ✔ FinanceandAccounting ✔ TechnologyIndustry ✔ DigitalandSocialMedia ✔ OperationofGlobalOrganizations ✔ MergersandAcquisitions ✔ RiskManagement ✔ ComputerScience ✔ Cybersecurity/CyberRisk ✔ Regulatory ✔ DataPrivacy ✔ InformationQuality ✔ MachineLearning ✔ StrategicTransformation ✔ InternationalTax ✔ IntellectualProperty ✔ ExecutiveLeadershipandTalentDevelopment ✔ CustomerPerspective ✔ CompanySeniorLeadership ✔ PublicCompanyBoardMembership ✔ PublicPolicy ✔ BrandMarketing Considerations in Evaluating Director Nominees Ourboardofdirectorsfollowanannualdirectornominationprocessthatpromotesthoughtfulandin-depthreviewofourboard andcommitteecompositionaswellaseachindividualdirectorthroughouttheyear.Eachyear,atthebeginningoftheprocess, thenominatingandcorporategovernancecommitteereviewscurrentboardandcommitteecompositionincontextwiththe company’sstrategytoconfirmthatthetraits,attributesandqualificationsarealignedwithourlong-termstrategyandcontinue topromoteeffectiveboardandcommitteeperformance.Theoutcomeoftheannualevaluationsisusedtoinformdirector searchprioritiesasapplicable.Eachyear,thenominatingandcorporategovernancecommitteereviewsincumbentdirector nominees,evaluatesanychangesincircumstancesthatmayimpacttheircandidacy,andconsidersinformationfromtheboard evaluationprocess.Uponarecommendationfromthenominatingandcorporategovernancecommittee,theboardofdirectors approvesthenominationofdirectornomineesforelectionattheannualmeetingofstockholders.Thenominatingand corporategovernancecommitteealsoidentifiespotentialnewdirectornominees,insomecases,usingasearchfirmthatispaid afeeforitsservices,togetherwithreferralsandsuggestionsfromboardmembersandstockholders.Thenominatingand corporategovernancecommitteeinterviewspotentialdirectornomineestoexploretheirqualifications,asapplicable(including, withoutlimitation,issuesofcharacter,ethics,integrity,judgment,professionalexperience,independence,areaofexpertise, strategicvision,lengthofservice,potentialconflictsofinterest,management,accountingandfinanceexpertise,cybersecurity/ TWITTER,INC./2018ProxyStatement 11 AGEGENDERDIVERSITYDIRECTORINDEPENDENCETENUREWomenmenemployeedirectorsindependentdirectors Total of 02 pages in section