2018 Guide to Effective Proxies

2.11 Board committee grids | 175 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES AMERICAN TOWER CORPORATION BIOGEN INC. CAPITAL ONE FINANCIAL CORPORATION CARNIVAL CORPORATION & PLC PROXYSTATEMENTSUMMARY Our Director Nominees YouarebeingaskedtovoteontheelectionoftenDirectors.AllDirectorsareelectedannuallybyamajorityofvotescast.Detailed informationabouteachDirector’sbackground,skillsetandareasofexpertisecanbefoundbeginningonpage65. NameandTitle Age Director Since Independent CommitteeMemberships OtherPublicCompanyBoards Audit Compensation Nominating JAMESD.TAICLET,JR. † Chairman,President&CEO, AmericanTowerCorporation 57 2003 LockheedMartinCorporation RAYMONDP.DOLAN FormerPresident&CEO, SonusNetworks,Inc. 60 2003 ✓ None ROBERTD.HORMATS ViceChairman, KissingerAssociates,Inc. 74 2015 ✓ None GUSTAVOLARACANTU FormerCEO,MonsantoCompany(Latin AmericanNorthDivision) 68 2004 ✓ None GRACED.LIEBLEIN FormerVP,GlobalQuality ofGeneralMotors 57 2017 ✓ SouthwestAirlinesCo.; HoneywellInternationalInc. CRAIGMACNAB FormerCEOandChairman, NationalRetailProperties,Inc. 62 2014 ✓ ForestCityRealtyTrust,Inc.; VICIProperties,Inc. JOANNA.REED Healthcareconsultantand formerSVP,FinanceandCFO, MedcoHealthSolutions,Inc. 62 2007 ✓ Mallinckrodtplc; WatersCorporation PAMELAD.A.REEVE* FormerPresidentandCEO, Lightbridge,Inc. 68 2002 ✓ FrontierCommunications Corporation DAVIDE.SHARBUTT FormerCEOandChairman, AlamosaHoldings,Inc. 68 2006 ✓ None SAMMEL.THOMPSON President,TelitAssociates, Inc. 72 2005 ✓ SpokHoldings,Inc. † SoleManagementDirector * LeadDirector Chair Member AuditCommitteeFinancialExpert Board of Directors Snapshot for Fiscal Year 2017 NumberofDirectors: 10 NumberofDirectorsAddedinLastThreeyears: 2 AverageAge: 65 NumberofBoardMeetingsin2017: 8 NumberofIndependentDirectors: 9 (allexceptourChairman) AverageDirectorAttendancein2017: 95% AMERICANTOWERCORPORATION 2018PROXYSTATEMENT 6 Proxy Statement Summary (continued) Our Director Nominees Proposal1—ElectionofDirectors You are being asked to vote on the election of the following 11 nominees for director. All directors are elected annually by the affirmative vote of a majority of votes cast. Detailed information about each director’s background, skill sets and areas ofexpertisecanbefoundbeginningonpage11. CommitteeMemberships* Other PublicBoards Name,Occupation,andExperience Age* Independent AC CC CGC FC RC STC AlexanderJ.Denner,Ph.D. FoundingPartner,SarissaCapital 48 Yes 1 CarolineD.Dorsa RetiredExecutiveVicePresidentandChiefFinancialOfficer, PublicServiceEnterpriseGroupIncorporated 58 Yes 3 NancyL.Leaming RetiredChiefExecutiveOfficerandPresident,TuftsHealthPlan 70 Yes — RichardC.Mulligan,Ph.D. MallinckrodtProfessorofGenetics,Emeritus,HarvardMedicalSchooland PortfolioManager,IcahnCapitalLP 63 Yes — RobertW.Pangia Partner,IvyCapitalPartners,LLC 66 Yes — SteliosPapadopoulos,Ph.D. Chairman,BiogenInc.,Chairman,Exelixis,Inc.andChairman,Regulus TherapeuticsInc. 69 Yes 3 BrianS.Posner PrivateInvestorandPresident,PointRiderGroupLLC 56 Yes 2 EricK.Rowinsky,M.D. PresidentandExecutiveChairmanofRGenix,Inc. 61 Yes 2 TheHonorableLynnSchenk,J.D. Attorney,FormerChiefofStafftotheGovernorofCaliforniaand FormerU.S.Congresswoman 73 Yes 1 StephenA.Sherwin,M.D. ClinicalProfessorofMedicine,UniversityofCalifornia,San FranciscoandAdvisortoLifeSciencesCompanies 69 Yes 2 MichelVounatsos ChiefExecutiveOfficer,BiogenInc. 56 No — *AgeandCommitteemembershipsareasofApril17,2018. AC: AuditCommittee CGC: CorporateGovernanceCommittee RC: RiskCommittee CC: CompensationandManagementDevelopmentCommittee FC: FinanceCommittee STC: ScienceandTechnologyCommittee Chair: Member: FinancialExpert: -vi- GOVERNANCE BoardandCommitteeGovernance BoardCommittees The Boards delegate various responsibilities and authority to different Board Committees. The Board Committees regularly report on their activities and actions to the full Boards. The Board of Directors of each of Carnival Corporation and Carnival plc has established standing Committees, which are each comprised of the same Directors for eachcompany, as follows: • Audit; • Compensation; • Executive; • HESS;and • Nominating& Governance. Each Board Committee periodically reviews its charter in light of new developments in applicable regulations and may make additionalrecommendations to the Boards to reflect evolvingbest practices. Each Board Committee can engage outside experts, advisors and counsel to assist the Committee in its work. Thecurrent BoardCommittee members are as follows: Name BoardCommittees Audit Compensation Executive HESS Nominating& Governance MickyArison — — Chair — — SirJonathonBand — — — Chair X JasonGlenCahilly X — — — — HelenDeeble — — — X — ArnoldW.Donald — — X — — RichardJ.Glasier Chair X — — X DebraKelly-Ennis — — — X — SirJohnParker — — — X X StuartSubotnick X — X — Chair LauraWeil X X — — — RandallJ.Weisenburger X Chair — — X NumberofBoardCommitteemeetingsinfiscal2017 14 4 0 4 5 Audit Committees. The Audit Committees assist the Boards in their general oversight of our financial reporting, internal controls and audit functions, and are responsible for the appointment, retention, compensation, and oversight of the work of our independent auditors and our independent registered certified public accounting firm. The Board of Directors of Carnival Corporation has determined that each member of the Audit Committees is both “independent” and an “audit committee financial expert,” as defined by SEC rules. In addition, the Board of Directors of Carnival plc has determined that each member of the Audit Committees has “recent and relevant financial experience” for the purposes of the UK Corporate Governance Code. The Boards determined that each member of the Audit Committees has sufficient knowledge in reading and understanding the company’s financial statements to serve on the Audit Committees. The responsibilities and activities of the Audit Committees are described in detailin“Report of the AuditCommittees” andthe AuditCommittees’ charter. Compensation Committees. The Compensation Committees have authority for reviewing and determining salaries, performance-based incentives, and other matters related to the compensation of our executive officers, and administering our stock incentive plans, including reviewing and granting equity-based grants to our executive officers and other employees. The Compensation Committees 22 CarnivalCorporation&plc2018ProxyStatement SECTIONI-CORPORATEGOVERNANCEATCAPITALONE Board Committees Our Board has four standing committees: Audit, Risk, Governance and Nominating, and Compensation. Each of ourcommittees: IsledbyanactiveandempoweredCommitteeChair,eachofwhomisindependent Iscomprisedofallindependentmembers Operatesinaccordancewithawrittencharter,whichisreviewedannually Assessesitsperformanceannually Hasauthoritytoretainoutsideadvisors,asdesired Information About Our Current Board Committee Membership and 2017 Committee Meetings Director Audit Risk Governanceand Nominating Compensation RichardD.Fairbank AparnaChennapragada (1) AnnFritzHackett LewisHay,III BenjaminP.Jenkins,III PeterThomasKillalea PierreE.Leroy PeterE.Raskind MayoA.ShattuckIII BradfordH.Warner CatherineG.West TOTALMEETINGSHELDIN2017 14 8 4 5 Chair Member (1) Ms.ChennapragadawasappointedtotheBoardofDirectorsonMarch1,2018. CAPITALONEFINANCIALCORPORATION 2018PROXYSTATEMENT 29