Icahn Enterprises Activist Presentation Deck
HOW WE CAN ADD VALUE IN MCDONALD'S' BOARDROOM
If elected to the Board, our director candidates plan to help the Board's SCR Committee conduct a review of
McDonald's' corporate practices and develop a superior ESG framework for McDonald's
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The Committee should perform a top-to-bottom review of the business and use this assessment as the basis for strategic ESG
recommendations to the entire Board
The ideal components of this review and framework include (but are not limited to):
✓ Working with credible, third-party experts to evaluate each of the Company's operations, supply chain practices and ESG policies
✓ Evaluating how much capital may be required to meet each ESG goal
✓ Assessing the current methodology for allocating capital to ESG initiatives and moving forward on each commitment
✓ Exploring the universe of new supply chain and financial partners based on new Board members' relationships
✓ Tracking ESG relative to the Company's stated commitments and goals
✓ Benchmarking ESG progress relative to peers and similarly situated public companies
✓ Conducting a credible stakeholder perception study to inform an improved, more transparent stakeholder relations program
Upon concluding the review, the Committee would present findings and suggestions to the entire Board
If the Board votes to adopt recommendations, stakeholders should be promptly informed of new steps to enhance the Company's ESG
practices
CAWS
We believe a successful ESG program would include protein diversification and product innovation,
animal welfare improvements and a positive climate impact and actionable strategy.
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