2018 Guide to Effective Proxies

2.4 Proxy summary | 77 6 TH EDITION | GUIDE TO EFFECTIVE PROXIES CHENIERE ENERGY, INC. The “Governance Information” section of this Proxy Statement, beginning on page 14, describes our corporate governance structure,whichincludesthefollowing: BoardandGovernanceInformation SizeofBoardasofApril13,2018 11 IndependentDirectorsMeetRegularlyWithout ManagementPresent Yes NumberofIndependentDirectorsasofApril13,2018 9 AnnualBoardandCommitteeEvaluations Yes AverageAgeofDirectorNominees(asofMay17,2018) 57 SuccessionPlanningandImplementationProcess Yes BoardMeetingsHeldin2017 (100%attendanceatBoardandcommitteemeetings) 9 CodesofConductforDirectors,Officersand Employees Yes AnnualElectionofDirectors Yes BoardRiskOversight Yes MandatoryDirectorRetirementAge 75 ProhibitiononPledgingCompanySecurities Yes BoardDiversity Yes ProhibitiononHedgingand“ShortSales”or“Sales AgainsttheBox” Yes MajorityVotinginDirectorElections Yes ExecutiveCompensationPayforPerformanceMetrics Yes Non-ExecutiveChairmanoftheBoard/Lead IndependentDirector Yes AnnualAdvisorySay-on-PayVote Yes SeparateChairmanoftheBoardandCEO Yes ProxyAccess Yes StockOwnershipGuidelinesforDirectorsand ExecutiveOfficers Yes ShareholderRightsPlan(PoisonPill) No Our Director Nominees You are being asked to vote on the election of the 11 director nominees listed below. Each director is elected annually by a majorityofthevotescast.Detailedinformationabouteachnominee,includingbackground,skillsandexpertise,canbefoundin “Proposal1—ElectionofDirectors”beginningonpage7. Name Age (asofMay17, 2018) Director Since PrincipalOccupation G.AndreaBotta 64 2010 ChairmanoftheBoard,CheniereEnergy,Inc.;President,Glenco LLC JackA.Fusco 55 2016 PresidentandChiefExecutiveOfficer,CheniereEnergy,Inc. VickyA.Bailey 66 2006 President,AndersonStrattonInternational,LLC NunoBrandolini 64 2000 FormerGeneralPartner,ScorpionCapitalPartners,L.P. DavidI.Foley 50 2012 SeniorManagingDirector,TheBlackstoneGroupL.P.;Chief ExecutiveOfficer,BlackstoneEnergyPartnersL.P. DavidB.Kilpatrick 68 2003 President,KilpatrickEnergyGroup AndrewLangham 45 2017 GeneralCounsel,IcahnEnterprisesL.P. CourtneyR.Mather 41 Nominatedin April2018 PortfolioManagerofIcahnCapital DonaldF.Robillard,Jr. 66 2014 FormerExecutiveVicePresident,ChiefFinancialOfficerand ChiefRiskOfficerofHuntConsolidated,Inc.andFormerChief ExecutiveOfficerandChairman,ESXplore,LLC NealA.Shear 63 2014 SeniorAdvisorandChairoftheAdvisoryCommitteeof OnyxpointGlobalManagementLP HeatherR.Zichal 42 2014 ManagingDirectorofCorporateEngagementatTheNature Conservancy (iii) Total of 04 pages in section • In2017,over200liquefiednaturalgas(“LNG”)cargoeswereproduced,loadedandexportedfromtheSPLProject,withdeliveries completedto25countriesandregionsworldwide. Strategic/Commercial • InDecember2017,weenteredintoanamendedandrestatedengineering,procurementandconstructioncontactwithBechtel Oil,GasandChemicals,Inc.forTrain3ofthenaturalgasliquefactionandexportfacilityattheCorpusChristiLNGterminal(the “CCLProject”).WealsoissuedlimitednoticetoproceedtoBechtel,andprocurementandearlysiteworkhascommenced. • In2017,wemadesignificantprogressonpotentiallong-termcontractingofLNG,ultimatelyleadingtoSPAssignedin2018: • InJanuary2018,weenteredintoa15-yearSPAwithTrafiguraPteLtdforthesaleofapproximately1.0metrictonnesper annum(“mtpa”)ofLNGbeginningin2019. • InFebruary2018,weenteredintotwoSPAswithPetroChinaInternationalCompanyLimited,asubsidiaryofChinaNational Petroleum Corporation, for the sale of approximately 1.2 mtpa of LNG through 2043, with a portion of the supply beginningin2018andthebalancebeginningin2023. Corporate Governance Wearecommittedtothevaluesofeffectivecorporategovernanceandhighethicalstandards.OurBoardofDirectors(the“Board”) believes that these values are conducive to strong performance and creating long-term shareholder valu . Our govern ce frameworkgivesourhighlyexperienceddirectorsthestructurenecessarytoprovideoversight,adviceandcounseltoCheniere. SinceDecember2015,wehavetakenthefollowinggovernanceactions: • engagedwithmorethan50%ofourshareholderseachyearregardinggovernancematters; • amendedourbylawstoprovideforproxyaccess,whichgiveseligibleshareholderstheabilitytonominateupto20%ofthe numberofdirectorsservingonourBoard; • further amended the proxy access bylaw to expand the definition of “Eligible Holder”, clarify the timing required for a shareholdertoproposeadirectornomineeandeliminateaprovisionthatallowedtheCompanytoomitadirectornominee undercertaincircumstances; • addedadditionaldetailsregardingtheexperienceofourdirectorstoourproxystatements; • splittheChairmanoftheBoardandCEOroles; • appointedJackA.FuscotoserveasPresidentandCEOandasamemberoftheBoard; • implementedaprohibitiononpledgingcompanysecurities; • increasedourdirectorownershipguidelines;and • adoptednon-employeedirectorcompensationlimits. (ii) Proxy Summary ThefollowingisanoverviewofinformationthatyouwillfindthroughoutthisProxyStatement,butdoesnotcontainallofthe information that you should consider. For more complete information about these topics, please review the complete Proxy Statementpriortovoting. AnnualMeetingofShareholders TimeandDate 9:00a.m.,CentralTimeonMay17,2018 Place CheniereEnergy,Inc. 700MilamStreet,Suite1900 Houston,TX77002 RecordDate April2,2018 Voting Shareholdersasofthecloseofbusinessontherecorddateareentitledtovote. Eachshareofcommonstockisentitledtoonevoteforeachmattertobevotedupon. Admission NoadmissioncardisrequiredtoentertheCheniereEnergy,Inc.(“Cheniere,”the“Company,”“we,” “us” or “our”) 2018 Annual Meeting of Shareholders (the “Meeting”), but you will need proof of your stock ownership and valid government-issued picture identification. Please see “General Information”onpage1ofthisProxyStatementformoreinformation. VotingMattersandBoardRecommendations Proposal BoardVote Recommendation PageReference (formoredetails) 1.Electionofdirectors FOREACHNOMINEE 7 2.Advisoryandnon-bindingvoteonthecompensationoftheCompany’snamedexecutive officersfor2017 FOR 58 3.RatificationofappointmentofKPMGLLPastheCompany’sindependentregisteredpublic accountingfirmfor2018 FOR 60 2017 Performance and Strategic Accomplishments The following items highlight our 2017 and recent accomplishments. For more information about theseaccomplishmentsand theirrelationshiptoourexecutivecompensationprogram,pleasesee“CompensationDiscussionandAnalysis”onpage29ofthis ProxyStatement. Financial • Forfullyear2017,weachievedConsolidatedAdjustedEBITDAof$1.8billion.ForadefinitionofConsolidatedAdjustedEBITDA andareconciliationofthisnon-GAAPmeasuretonetincome,themostdirectlycomparableGAAPfinancialmeasure,pleasesee AppendixC. • InJune2017,thedateoffirstcommercialdelivery(“DFCD”)wasreachedunderthe20-yearSaleandPurchaseAgreement(“SPA”) with Korea Gas Corporation relating to Train 3 of the natural gas liquefaction facilities at the Sabine Pass LNG terminal in Louisiana(the“SPLProject”). • InAugust2017,theDFCDrelatingtoTrain2oftheSPLProjectwasreachedundertherespective20-yearSPAswithGasNatural FenosaLNGGOM,LimitedandBGGulfCoastLNG,LLC. • Subsequentto2017,theDFCDrelatingtoTrain4oftheSPLProjectwasreachedunderthe20-yearSPAwithGAIL(India)Limited inMarch2018. Operations • WeachievedsubstantialcompletionofTrain3andTrain4oftheSPLProjectinMarch2017andOctober2017,respectively. (i) CHURCH & DWIGHT CO. SUMMARY CORPORATEGOVERNANCE We strive to maintain effective corporate governance practices and policies. We believe that the following practicesandpoliciescontributetoourstronggovernanceprofile: Director Independence ▪ 8of10directorsareindependentundertheNYSElistingstandards.Ms.Yoler,our newdirectornominee,isalsoindependentundertheNYSE’slistingstandards ▪ 3fullyindependentBoardcommittees:Audit,Compensation&Organization,and Governance&Nominating ▪ IndependentLeadDirectorpresidesoverexecutivesessionsoftheBoardand facilitatescommunicationwiththeindependentdirectors Board Accountability ▪ Ourdirectorsaresubjectto“majorityvoting”,andeachincumbentdirectornominee submits,priortotheAnnualMeeting,anirrevocableresignationinwritingthatour BoardofDirectorsmayacceptifamajorityofstockholdersdonotre-electthedirector inanuncontestedelection Board Leadership ▪ AnnualassessmentanddeterminationofBoardleadershipstructure ▪ AnnualelectionofindependentLeadDirectorwhenChairman/ChiefExecutiveOfficer (“CEO”)rolesarecombinedorwhentheChairmanisnotindependent ▪ LeadDirectorhasstrongroleandsignificantgovernanceduties,includingapprovalof Boardagendasandchairingexecutivesessionsofallindependentdirectors BoardEvaluation andEffectiveness ▪ AnnualBoard,Committee,andindividualdirectorevaluations Board Refreshment ▪ Boardmemberssubmitresignationletterseffectiveupontheelectionoftheirsuccessor followingtheir72 nd birthday(theBoardmaywaivethisrequirementifinthebest interestofstockholders) ▪ Annualreviewofboardsuccessionplans Director Engagement ▪ Eachdirectorattendedatleast75-percentoftheaggregatenumberofmeetingsheld bytheBoardandallCommitteesoftheBoardonwhichsuchdirectorservedin2017 ▪ Boardpolicylimitsdirectormembershiptofourotherpubliccompanyboards(without theapprovaloftheGovernance&NominatingCommittee) ▪ Stockholderabilitytocontactdirectors(asdescribedbeginningonpage18) Director Access ▪ SignificantinteractionwiththeCompany’sseniorbusinessleadersthroughregular businessreviews ▪ Directorshavedirectaccesstoseniormanagementandotheremployees ▪ Directorshaveauthorizationtohireoutsideexpertsandconsultantsandtoconduct independentinvestigations ClawbackandAnti- HedgingPolicies ▪ ClawbackpolicypermitstheCompanytorecoupcertaincompensationpaymentsand grants,undertheCompany’sSecondAmendedandRestatedAnnualIncentivePlan (“AnnualIncentivePlan”)andAmendedandRestatedOmnibusEquityCompensation Plan,totheextentrequiredbylaw.Insidertradingpolicyprohibitsdirectors,officers, andotherdesignatedemployeesfromengaginginanypledging,shortsales,or hedginginvolvingCompanystock Share Ownership ▪ CEOisrequiredtoholdsharesequivalentto6xbasesalary ▪ CFOisrequiredtoholdsharesequivalentto3xbasesalary ▪ Allotherseniorexecutivesarerequiredtoholdsharesequivalentto2.5xbasesalary ▪ Directorsarerequiredtoholdsharesequivalentto5xthestandardannualretainer CompensationPractices ▪ Targetcompensationopportunitiesarecompetitiveinmarketsinwhichwecompetefor managementtalent ▪ Useofshort-termandlong-termincentivesensureastrongconnectionbetween Companyperformanceandactualcompensationrealized ▪ Noexcisetaxgross-upsforchange-in-controlpayments ▪ Nodefinedpensionbenefitplanorsimilarlyactuariallyvaluedpensionplanfor executives ▪ Limitedperquisites ▪ Repricingofstockoptionsisprohibitedwithoutpriorstockholderapproval ▪ OurAnnualIncentivePlanutilizesfourdiversemetricstoavoidover-emphasisonany onemeasure 2 Church&DwightCo. | 2018ProxyStatement SUMMARY PROXY STATEMENT SUMMARY This summary highlights important information you will find in this proxy statement. This summary does not contain all of the information you should consider. You should read the complete proxy statement and our 2017 AnnualReport before voting. In this proxy statement, the words “Church & Dwight,” “Company,” “we,” “our,” “ours,” and “us” and similar terms refer to Church& DwightCo., Inc. andits consolidatedsubsidiaries. 2018ANNUALMEETING OF STOCKHOLDERS Date andTime: Thursday, May 3, 2018at 12:00 p.m., Eastern DaylightTime Place: Church& DwightCo., Inc. PrincetonSouthCorporate Park 500CharlesEwingBoulevard Ewing,NewJersey 08628 Directions: Directionsto the AnnualMeeting are includedat the endof this proxy statement RecordDate: March 6, 2018 VOTING MATTERSANDBOARDOF DIRECTORSRECOMMENDATIONS Proposals Board Recommendation Vote Required 1: Electionoffournomineestoserveasdirectorsforatermofthreeyearseach FOREACHNOMINEE Majorityofvotescast 2: Advisoryvotetoapprovethecompensationofournamedexecutiveofficers FOR Majorityofvotespresent andentitledtovote 3: ProposaltoamendandrestateourAmendedandRestatedCertificateof Incorporationtoprovidefortheannualelectionofalldirectorsandeliminateor updatecertainoutdatedprovisions FOR Two-thirdsofvotes outstandingandentitled tovot 4: RatificationoftheappointmentofDeloitte&ToucheLLPasourindependent registeredaccountingfirmfor2018 FOR Majorityofvotespresent andentitledtovote Matthew T. Farrell, Ravichandra K. Saligram, Robert K. Shearer and Laurie J. Yoler are the nominees to serve as members of the Company’s Board of Directors (“Board” or “Board of Directors”) until our 2021 Annual Meeting of Stockholders. Detailed information about all of our directors’ and director nominee’s backgrounds and areas of expertise can be found beginningon page7. Committees Name Position Director Since Independent Audit Compensation and Organization Governance and Nominating Executive MatthewT.Farrell PresidentandChiefExecutiveOfficer,Church &DwightCo,Inc. 2016 X RavichandraK. Saligram ChiefExecutiveOfficerRitchieBros. AuctioneersIncorporated 2006 X X RobertK.Shearer RetiredSeniorVicePresidentandChief FinancialOfficerofVFCorporation 2008 X Chair X LaurieJ.Yoler FormerSVP,BusinessDevelopment, Qualcomm,Inc.&President,QualcommLabs X (1) (1) (1) If elected to the Board, Ms. Yoler willbe appointed to the Compensation & Organization and Governance & Nominatingcommittees. Church&DwightCo. | 2018ProxyStatement 1