2018 Guide to Effective Proxies

6 TH EDITION | GUIDE TO EFFECTIVE PROXIES 166 J.M. SMUCKER COMPANY JACOBS ENGINEERING GROUP, INC. JOHNSON & JOHNSON JPMORGAN CHASE & CO. CORPORATEGOVERNANCE The Board believes that all of the Directors are highly qualified and have specific employment and leadership experiences, qualifications, and skills that qualify them for service on the Board. The specific experiences, qualifications, and skills that the Board considered in determining that each such person should serve as a Director are included in their individualbiographiesandalsosummarized further inthe followingtable: DirectorQualificationsandExperience KathrynW.Dindo Paul J.Dolan JayL.Henderson ElizabethV.Long GaryA.Oatey KirkL.Perry SandraPianalto NancyLopezRussell AlexShumate MarkT.Smucker RichardK.Smucker TimothyP.Smucker DawnC.Willoughby AdherencetotheCompany’s BasicBeliefs UnderstandandadheretotheCompany’s BasicBeliefs Š Š Š Š Š Š Š Š Š Š Š Š Š LeadershipandOperatingExperience Significantleadershipandoperatingexperience Š Š Š Š Š Š Š Š Š Š Š Š Independence Satisfytheindependencerequirementsofthe NYSEandtheSEC Š Š Š Š Š Š Š Š Š Š FinanceExperience Possessthebackground,knowledge,and experiencetoprovidetheCompanywith valuableinsightinoverseeingtheCompany’s finances Š Š Š Š Š Š Š Š Š Š Š PublicCompanyBoardandCorporate GovernanceExperience Experienceservingontheboardsofother large,publiclytradedcompanies Š Š Š Š Š Š Š Š Š Š OperationsExperience Generalmanagementordistributionoperations experienceintheconsumergoodsindustry Š Š Š Š Š Š Š Š Š KnowledgeoftheCompany ExperiencewiththeCompanyforaperiodin excessoftenyears Š Š Š Š Š Š Š Š Minority;Diversity ContributetotheBoardinawaythatenhances perspectivesthroughdiversityingender,ethnicity, race,culturalbackground,andage Š Š Š Š Š Š Š Š MarketingorPublicRelationsExperience Possessuniqueexperienceorinsightinto marketingorpublicrelationsmatters Š Š Š Š Š Š Š Š Š Š MergersandAcquisitionExperience Possessexperienceorinsightrelatedtothe mergersandacquisitionsarea Š Š Š Š Š Š Š Š Š Š TheJ.M.SmuckerCompany 2018ProxyStatement 13 KathrynW.DindoPaulJ.DolanJayL.HendersonElizabethV.LongGaryA.OateyKirkL.PerrySandraPianaltoNancyLopezRussellAlexShumateMarkT.SmuckerRichardK.SmuckerTimothyP.SmuckerDawnC.Willoughby Director Experience Matrix Competencies /Attributes JosephR. Bronson GeneralRalph E.Eberhart DawneS. Hickton RobertA. McNamara PeterJ. Robertson Christopher M.T.Thompson COMPLIANCECONSIDERATIONS IndependentDirector AuditCommitteeFinancialExpert (SECRules) Financially Literate (NYSERules) SecurityClearance EXPERIENCE CEOPublicCompany CEOPrivateCompany CFO Government /Military InternationalOperations STRATEGICCOMPETENCIES Financial (Reporting,Auditing, InternalControls) Strategy /BusinessDevelopment /M&A HumanResources /OrganizationalDevelopment ProjectDelivery Legal RiskManagement /Compliance PublicCompany /Governance Technology JuanJosé SuárezCoppel StevenJ. Demetriou RobertC. Davidson,Jr. LindaFayne Levinson OurDirectorshavelivedandworkedaroundtheworld TheBoardhasaGoodBalanceof IndustryandSectorExperience ✓ Infrastructure ✓ Government ✓ Aerospace ✓ Military ✓ Oil&Gas ✓ SpecialtyChemical ✓ Mining&Metals ✓ Financial ✓ Banking ✓ Manufacturing ✓ Environmental Competencies/AttributesJosephBronsonJuanJoséSuárezCoppelRobertC.Davidson,Jr.StevenJ.DemetriouGeneralRalphE.EberhartDawneS.HicktonLindaFayneLevinsonRobertA.McNamaraPeterJ.RobertsonChristopherM.T.ThompsonCOMPLIANCECONSIDERATIONSIndependentDirectorAuditCommitteeFinancialExpert(SECRules)FinanciallyLiterate(NYSERules)SecurityClearanceEXPERIENCECEOPublicCompanyCEOPrivateCompanyCFOGovernment/MilitaryInternationalOperationsSTRATEGICCOMPETENCIESFinancial(Reporting,Auditing,InternalControls)Strategy/BusinessDevelopment/M&AHumanResources/OrganizationalDevelopmentProjectDeliveryLegalRiskManagement/CompliancePublicCompany/GovernanceTechnology 2018ProxyStatement | 5 Board composition,nominationand successionprocess JPMorganChase seeksdirector candidateswhowill uphold thehighest standards,are committed to the Firm’s values,andwhowillbe strong independent stewardsof the long-term interestsof shareholders. TheBoardalso looks for individualswithdemonstrated experienceand success inexecutive fields relevant to theFirm’sbusinessesandoperationsandwhowill contributediverse viewpointsandperspectives in providing independentoversightofmanagement.The Boardbelieves thata combinationof individualswho possess complementaryattributesand skillswillmost effectivelyoversee theFirm’s strategyandbusiness. TableofContents JPMORGANCHASE&CO. • 2018PROXYSTATEMENT 17 Personalandprofessionalattributesand skillsof thenominees In furtheranceof the foregoing, theBoard considersawide rangeofattributeswhen selectingand recruiting candidates.Ournomineeshaveexecutiveexperienceand skills thatarealignedwithourbusinessand strategyas follows: FINANCIALANDACCOUNTING – Knowledgeofaccountingand financial reportingandofauditingprocessesand standards 12 FINANCIALSERVICES – Experience inorwith the financial services industry, including investmentbanking,global financial marketsand consumerproductsand services Allournominees possess: • Integrity • Judgment • Strongworkethic • Strengthof conviction • Collaborativeapproach toengagementand oversight • Inquisitiveand objectiveperspective • Willingness to appropriately challenge management 10 INTERNATIONALBUSINESSOPERATIONS – Operational experience indiversegeographic,politicaland regulatory environments 8 LEADERSHIPOFALARGE,COMPLEXORGANIZATION – Senior executiveexperiencemanagingbusinessoperations,development and strategicplanning 10 MANAGEMENTDEVELOPMENTANDSUCCESSIONPLANNING – Experience in seniorexecutivedevelopment, successionplanning, and compensationmatters 10 PUBLICCOMPANYGOVERNANCE – Knowledgeofpublic company governance issuesandpoliciesandgovernancebestpractices 12 TECHNOLOGY – Experiencewithoroversightof innovative technology, cybersecurity, information systems/data management, fintechorprivacy 8 REGULATED INDUSTRIESANDREGULATORY ISSUES – Experience with regulatedbusinesses, regulatory requirements,and relationshipswith regulators 12 RISKMANAGEMENTANDCONTROLS – Experience inassessment andmanagementofbusinessand financial risk factors 12 Foradditional informationaboutourdirector criteria, seeourCorporateGovernancePrinciplesat jpmorganchase.com/corp-gov-principles. CORPORATEGOVERNANCE BOARDNOMINEECOMPOSITIONANDREFRESHMENT (seepage18) DIRECTORNOMINEES (seepages11-16) Name Age Director Since PrimaryOccupation MaryC.Beckerle I 63 2015 ChiefExecutiveOfficerandDirector,HuntsmanCancerInstitute; DistinguishedProfessorofBiology,CollegeofScience,UniversityofUtah D.ScottDavis I 66 2014 FormerChairmanandChiefExecutiveOfficer,UnitedParcelService,Inc. IanE.L.Davis I 67 2010 Chairman,Rolls-RoyceHoldingsplc;FormerChairmanandWorldwide ManagingDirector,McKinsey&Company JenniferA.Doudna I 54 Nominee ProfessorofChemistry;ProfessorofBiochemistryandMolecularBiology; LiKaShingChancellor'sProfessorinBiomedicalandHealth;Universityof California,Berkeley AlexGorsky CH 57 2012 Chairman,BoardofDirectors;ChiefExecutiveOfficer,Johnson&Johnson MarkB.McClellan I 54 2013 Director,Duke-RobertJ.Margolis,MD,CenterforHealthPolicy AnneM.Mulcahy LD I 65 2009 FormerChairmanandChiefExecutiveOfficer,XeroxCorporation WilliamD.Perez I 70 2007 RetiredPresidentandChiefExecutiveOfficer ,Wm.W rigleyJr.Company CharlesPrince I 68 2006 RetiredChairmanandChiefExecutiveOfficer,CitigroupInc. A.EugeneWashington I 67 2012 DukeUniversity’sChancellorforHealthAffairs;PresidentandChiefExecutive Officer,DukeUniversityHealthSystem RonaldA.Williams I 68 2011 FormerChairmanandChiefExecutiveOfficer,AetnaInc. ChairmanoftheBoard: CH LeadDirector: LD IndependentDirector: I 2018ProxyStatement-9 Diverse Backgrounds 5.64 AverageYears ofServiceon theBoard Range of Tenure Multidisciplinary Skills 10–12years 0–2years 6–9years 3–5years Academia/ Government CEO/Senior Executive Financial Healthcare Industry Intl.Business Strategy Marketing/ Sales Regulatory Science/ Technology 3 out of 11 nomineesareHispanic orAfrican-American nomineesarewomen 3 out of 11 Total of 02 pages in section