2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 184 WEYERHAEUSER COMPANY XCEL ENERGY YUM! BRANDS, INC. DIRECTOR NOMINEES (page 14) We have included summary information about each director nominee in the table below. Each director is elected annually by a majority of votes. See “Nominees for Election” beginning on page 14 for more information regarding our director nominees. COMMITTEES NameandPrimaryOccupation Age Director Since Independent EC AC CC GCRC MarkA.Emmert President,NationalCollegiateAthleticAssociation 65 2008 ‹ ‹ RickR.Holley FormerChiefExecutiveOfficer,PlumCreekTimberCompany, Inc. 66 2016 ‹ SaraGrootwassinkLewis ChiefExecutiveOfficerofLewisCorporateAdvisors 50 2016 ‹ Chair JohnF.MorganSr. PrivateTimberInvestor 71 2016 ‹ ‹ NicoleW.Piasecki FormerVicePresidentandGeneralManager,Propulsion Division,BoeingCommercialAirplanes 55 2003 ‹ ‹ Chair MarcF.Racicot FormerPresidentandCEO,AmericanInsuranceAssociation andFormerGovernor,StateofMontana 69 2016 ‹ ‹ ‹ LawrenceA.Selzer PresidentandChiefExecutiveOfficer,TheConservationFund 58 2016 ‹ ‹ ‹ DoyleR.Simons PresidentandChiefExecutiveOfficer, WeyerhaeuserCompany 54 2012 ‹ D.MichaelSteuert FormerCFO,FluorCorporation 69 2004 ‹ ‹ KimWilliams FormerPartnerandSVP,WellingtonManagementCompany, LLP 62 2006 ‹ ‹ ‹ CharlesR.Williamson FormerEVP,ChevronCorporationandCEO, UnocalCorporation 69 2004 ‹ Chair Chair EC =ExecutiveCommittee AC =AuditCommittee CC =CompensationCommittee GCRC =GovernanceandCorporateResponsibilityCommittee BOARD COMPOSITION Gender Diversity Women Men 3 8 Tenure Average: 7 years 5 <5 yrs. 5–10 yrs. 11+ yrs. 2 4 Independence Independent Directors Non-Independent Directors 2 9 2018ANNUALMEETING&PROXYSTATEMENT 3 GenderDiversityWomenMenTenureAverage:7yearsIndependenceIndependentDirectorsNon-IndependentDirectors<5yrs.5–10yrs.11+yrs.3,8,5,2,4,2,9 CorporateGovernance AuditCommittee (6Meetings;6ExecutiveSessions) O’Brien(chair) Sampson Westerlund Williams Yohannes • Allmembersarefinanciallyliterate andindependentunderthe applicableNasdaqandSEC requirements • Mr.O’BrienandMs.Williamshave beendeterminedtobeaudit committeefinancialexpertsunder thedefinitionsprovidedbytheSEC • Nomemberservesontheaudit committeesofmorethanthree publicboards • Overseesthefinancialreportingprocess,includingtheintegrityofourfinancialstatements, compliancewithlegalandregulatoryrequirementsandourCodeofConduct,andthe independenceandperformanceofinternalandexternalauditors. • Reviewstheannualauditedfinancialstatementsandquarterlyfinancialinformationwith managementandtheindependentregisteredpublicaccountingfirm. • Appointsourindependentregisteredpublicaccountingfirm. • ReviewswithmanagementtheCompany’smajorfinancialriskexposuresandthesteps managementhastakentomonitorandcontroltheexposures,includingtheCompany’srisk assessmentandriskmanagementguidelinesandpolicies. • Reviewsthecompliancerisksandimplementationandeffectivenessofourcomplianceand businessconductprogram. • Reviewsthescopeandtheplanningoftheannualauditwithboththeindependent registeredpublicaccountingfirmandinternalauditors. • Reviewsthefindingsandrecommendationsofbothinternalauditorsandtheindependent registeredpublicaccountingfirmandmanagement’sresponsetothoserecommendations. FinanceCommittee (7Meetings;5ExecutiveSessions) Williams(chair) Davis Owens Sampson Wolf Yohannes • Allmembersareindependent • Overseescorporatecapitalstructureandbudgetsandrecommendsapprovalofmajor capitalprojects. • Overseesfinancialplansandkeyfinancialrisks. • Overseesdividendpoliciesandmakesrecommendationsastodividends. • Overseesinsurancecoverageandbankingrelationships. • Reviewsinvestmentobjectivesofournucleardecommissioningtrustandtrustsforour employeebenefitplans. • Overseesinvestorrelations. • Reviewsandrecommendsnewbusiness. Governance,CompensationandNominatingCommittee(GCN) (4Meetings;3ExecutiveSessions) Davis(chair) Policinski Prokopanko Sheppard Westerlund • AllmembersmeettheNasdaq standardsforindependence • DeterminesBoardorganization,selectionofdirectornomineesandsettingofdirector compensation. • RecommendsLeadIndependentDirectorandBoardcommitteememberships. • EnsureseffectiveCEOandBoardsuccessionplanning. • EvaluatesperformanceoftheCEO. • Approvesexecutiveofficercompensation,includingincentivesandotherbenefits. • Overseescompensationandgovernance-relatedrisks. • Establishescorporategovernanceprinciplesandprocedures. • OverseesCompany’sCodeofConductpolicy. • ReviewstheCompany’slobbyingexpenditures,contributions,andkeylobbyingactivityand therelatedCompanypolicy. • ReviewstheCompany’sworkforcestrategyandrisksandtheprocessformanagement developmentandlong-rangeplanning. • Reviewsproxydisclosuresregardingdirectors’andexecutiveofficers’compensationand benefits. • PreparestheReportoftheCompensationCommitteeincludedinthisproxystatement. Operations,Nuclear,EnvironmentalandSafetyCommittee(ONES) (4Meetings;4ExecutiveSessions) Sheppard(chair) O’Brien Owens Prokopanko Wolf • Allmembersareindependent • Overseesnuclearstrategy,operationsandperformance,includingthereviewoftheresults ofreportsandmajorinspectionsandevaluations. • OverseestheoperatingissuesandperformanceoftheCompany’ssignificantelectricand naturalgasoperations. • Reviewsenvironmentalstrategy,compliance,performanceissuesandinitiatives. • Reviewsmaterialrisksrelatingtoournuclearoperationsandenvironmentalandsafety performance,aswellasrisks,performanceandcompliancewithoperationsmeasuresofour electricandnaturalgassystems. • Overseesphysicalandcybersecurityrisksrelatedtoplantsandoperations. • Reviewssafetyperformance,strategyandinitiatives. 12 | 2018 XcelEnergyProxyStatement GOVERNANCEOFTHECOMPANY What are the Committees of the Board? The Board of Directors has standing Audit, Management Planning and Development, Nominating and Governance and Executive/Finance Committees. NameofCommittee andMembers FunctionsoftheCommittee NumberofMeetings inFiscal2017 Audit: ThomasC.Nelson, Chair PagetL.Alves ChristopherM.Connor TanyaL.Domier* P.JustinSkala • Possessessoleauthorityregardingtheselectionandretentionof independentauditors • ReviewsandhasoversightovertheCompany’sinternalauditfunction • Reviewsandapprovesthecostandscopeofauditandnon-audit servicesprovidedbytheindependentauditors • Reviewstheindependence,qualificationandperformanceofthe independentauditors • ReviewstheadequacyoftheCompany’sinternalsystemsof accountingandfinancialcontrol • Reviewstheannualauditedfinancialstatementsandresultsofthe auditwithmanagementandtheindependentauditors • ReviewstheCompany’saccountingandfinancialreportingprinciples andpracticesincludinganysignificantchanges • AdvisestheBoardwithrespecttoCompanypoliciesandprocedures regardingcompliancewithapplicablelawsandregulationsandthe Company’sWorldwideCodeofConductandPolicyonConflictsof Interest • DiscusseswithmanagementtheCompany’spolicieswithrespectto riskassessmentandriskmanagement.Furtherdetailabouttheroleof theAuditCommitteeinriskassessmentandriskmanagementis includedinthesectionentitled“WhatistheBoard’sroleinrisk oversight?”setforthonpage20. 8 The Board of Directors has determined that all of the members of the Audit Committee are independent within the meaning of applicable SEC regulations and the listing standards of the NYSE and that Mr. Nelson, the Chair of the Committee, is qualified as an audit committee financial expert within the meaning of SEC regulations. The Board has also determined that Mr. Nelson has accounting and related financial management expertise within the meaning of the listing standards of the NYSE and that each member is financially literate within the meaning of the listingstandards of the NYSE. * Tanya L. Domier was appointed to the Audit Committee effective January 26, 2018. NameofCommittee andMembers FunctionsoftheCommittee NumberofMeetings inFiscal2017 ManagementPlanning andDevelopment: BrianC.Cornell, Chair MichaelJ.Cavanagh MirianM.Graddick-Weir RobertD.Walter ElaneB.Stock • OverseestheCompany’sexecutivecompensationplansand programsandreviewsandrecommendschangestotheseplansand programs • Monitorstheperformanceofthechiefexecutiveofficerandother seniorexecutivesinlightofcorporategoalssetbytheCommittee • Reviewsandapprovesthecompensationofthechiefexecutiveofficer andotherseniorexecutiveofficers • Reviewsmanagementsuccessionplanning 4 The Board has determined that all of the members of the Management Planning and Development Committee are independent withinthe meaning of the listingstandards of the NYSE. 24 YUM!BRANDS,INC. -2018ProxyStatement ProxyStatement Total of 02 pages in section