2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 146 GENERAL MOTORS GLOBAL PAYMENTS INC. GOLDMAN SACHS GROUP, INC. HORACE MANN EDUCATORS CORPORATION PROXY STATEMENT SUMMARY This summary highlights information contained elsewherein this Proxy Statement. Itdoesnot contain all ofthe information that you shouldconsider.PleasereadtheentireProxyStatementcarefullybeforevoting. Agenda and Voting Recommendations Proposal BoardVoteRecommendation PageReference MANAGEMENTPROPOSALS: ItemNo.1 – ElectionofDirectors FOR 7 ItemNo.2 –Approvalof,onanAdvisoryBasis, NamedExecutiveOfficerCompensation FOR 68 ItemNo.3 –RatificationoftheSelectionof Ernst&YoungLLPastheCompany’sIndependent RegisteredPublicAccountingFirmfor2018 FOR 69 SHAREHOLDERPROPOSALS: ItemNo.4 –IndependentBoardChairman AGAINST 72 ItemNo.5 – ShareholderRighttoActbyWrittenConsent AGAINST 74 ItemNo.6 –ReportonGreenhouseGasEmissionsandCAFEStandards AGAINST 76 Board Nominees WEHAVETHERIGHTBOARDATTHERIGHTTIMEFORGM The Board and management are overseeing a period of unprecedented change at GM. Ensuring the Board is composed of directorswho bringdiverseviewpoints and perspectives,exhibitavarietyofskills, professionalexperience,andbackgrounds, andeffectivelyrepresentthelong-terminterestsofshareholdersisatoppriorityofyourBoardandtheGovernanceCommittee. OurmembershipcriteriaanddirectorrecruitmentinitiativesaligntheBoard’scapabilitieswiththeexecutionoftheCompany’s businessstrategy.TheBoardrecognizestheneedforrefreshmenttobringnewperspectives,keepinginmindourcommitment to diversity. In fact, we added four new directors in the past three years as part of our comprehensive refreshment and recruitmentprocess,includingMr.Wenig,PresidentandChiefExecutiveOfficerofeBay.Thesenewdirectorscomplementedour directors’mixofskillsbybringingkeyleadership,technology,consumer-facingandcapitalmarketsexpertisetotheBoard.Fora detaileddiscussionofwhywehavetherightBoardforGM,see“ItemNo.1—ElectionofDirectors”onpage7. CompositionofBoardNominees 60s 50s 70s AGEOFDIRECTORS 4 4 3 AVERAGE AGE 64 YEARS 3–5 Years DIRECTORTENURE 5 4 2 AVERAGE TENURE 5 YEARS Women Men GENDER 6 5 45% 9% DIRECTOR INDEPENDENCE 1 10 10 of 11 NOMINEESARE INDEPENDENT WOMEN 6–9 Years 91% 1–2 Years G E N E R A L M O T O R S 2018 PROXYSTATEMENT 1 Total of 02 pages in section BoardandCorporateGovernanceHighlights(Page18) Wehaveadoptedleadinggovernancepracticesthatestablishstrongindependentleadershipinourboardroom andprovideourshareholderswithmeaningfulrights.Highlightsinclude: Í IndependentChairman Í Eightofninedirectorsarenon-employeedirectors Í FullyindependentAudit,Compensation,and GovernanceandNominatingCommittees Í Annualboardandcommitteeself-evaluations Í Proxyaccessforshareholders NEW Í Majorityvotingfordirectorsinuncontestedelections Í Minimumstockownershiprequirements Í Limitationonoutsideboardandauditcommittee service Í Greaterthan75%attendanceatmeetings Í Non-employeedirectorsmeetwithoutmanagement present Í Codeofbusinessconductandethicsfordirectors Theboardhastakenathoughtfulanddeliberateapproachtoboardcompositiontoensurethatourdirectorshave backgroundsthatcollectivelyaddsignificantvaluetothestrategicdecisionsmadebytheCompanyandenable themtoprovideoversightofmanagementtoensureaccountabilitytoourshareholders.Thecompositionofour boardconsistsof: 62% 25% 13% 22% 78% 22% 78% Tenure* Independence Diversity <5Years 5-15 Years >15 Years * represents tenure fornon-employeedirectors Gender andEthnicDiversity Non-Independent Independent GLOBALPAYMENTSINC. | 2018ProxyStatement – 3 Total of 02 pages in section TheNominating& Governance Committee believesour BoardNominees(as identifiedbelow) represent a diversebaseof perspectivesandreflect the diversity of the Company’semployees, customers andShareholders,as wellas an appropriatelevelof ageandtenure, as further illustrated below. 10 years or less onboard 44% DIVERSITY diverse average age AGE <60 60-67 68-75 Diverse boardmember, based on gender and/or ethnicity 5.3 TENURE average tenure More than 10 yearsonboard 65.1 BoardRefreshment TheBoardandNominating& Governance Committee regularlyconsiderthe long-term make up of the Boardandhowthe members of the Boardchangeover time. TheBoardandNominating& Governance Committee understandthe importance of Boardrefreshment andstrive to balancethe knowledgethat comes from longer-term service on the Boardwiththe newexperience,ideasand energy that can come from addingdirectors to the Board. Directors whoare 75 years of ageor older may not stand for electioninthe absenceof a specificfindingby the Boardthat there are special circumstances to justify an exception,whichsupports Boardrefreshment. As HoraceMann continuesto focus on profitablegrowth across alllinesof business,the ongoing transformation of its technologyandoperations, andexploringinorganicgrowth opportunities,wewill continueto considerBoardrefreshment opportunities. 2018ProxyStatement ‰ ProposalsandCompanyInformation 5 ExecutiveSummary |CorporateGovernanceHighlights Corporate Governance Highlights (seeCorporateGovernance,beginningonpage15) KEY FACTSABOUT OUR BOARD Westrivetomaintainawell-roundedanddiverseBoardthatbalancesfinancialindustryexpertisewith independence,andtheinstitutionalknowledgeoflonger-tenureddirectorswiththefreshperspectivesbroughtby newerdirectors.Assummarizedbelow,ourdirectorsbringtoourBoardavarietyofskillsandexperiences developedacrossabroadrangeofindustries,bothinestablishedandgrowthmarkets, andineachofthepublic, privateandnot-for-profit sectors. DIRECTORSKILLS&EXPERIENCES 6 5 8 7 4 8 3 9 FINANCIAL SERVICES INDUSTRY OTHER COMPLEX/ REGULATED INDUSTRIES RISK MANAGEMENT TALENT DEVELOPMENT TECHNOLOGY PUBLIC COMPANY GOVERNANCE AUDIT/TAX/ ACCOUNTING GLOBAL KEYBOARDSTATISTICS DIRECTORNOMINEES INDEPENDENCEOFNOMINEES Board 11 9of11 Audit 3 All Compensation 5 All Governance 9 All PublicResponsibilities 3 All Risk 6 5of6 13 41 23 ~200 BOARDMEETINGS IN2017 STANDINGCOMMITTEE MEETINGSIN2017 DIRECTORSESSIONSIN2017 WITHOUTMANAGEMENT PRESENT MEETINGSOF LEADDIRECTOR/ CHAIRSOUTSIDE OFBOARDMEETINGS DIVERSITYOFDIRECTORSENHANCESBOARDPERFORMANCE 36% 5.5 YEARS 63 44% 33% JOINEDINTHELAST5 YEARS MEDIANTENURE MEDIANAGE INDEPENDENT NOMINEESDIVERSE BYRACE,GENDEROR SEXUALORIENTATION INDEPENDENT NOMINEESWHO ARENON-U.S. ORDUALCITIZENS 10 GoldmanSachs | ProxyStatementforthe2018AnnualMeetingofShareholders