Investor Presentaiton

ValueAct's History of Stewardship Over 21 Years Significant Board Experience and Partnership with Company Leadership In 21+ years... 104 53 86 Core Investments Public Board Committees Seats Served On 6 Public Proxy Letters Contest Long-Term Active Role in the Stewardship Community We partner with other institutional shareholders to propose and shape policies of responsible corporate governance that are being adopted by more and more public companies every year. Present Affiliations ⚫ Council of Institutional Investors (Corporate Governance Advisory Council) • Commonsense Corporate Governance Principles • Investor Stewardship Group (Founding Member, Board of Directors) • Stanford Rock Center for Corporate Governance (Case Study Authors) Sources: ValueAct Capital 68

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