Proxy access bylaw adopted in February proposal in 2015 ∂ Board declassification and transition to annual election of all directors after a management proposal was approved in 2015 ∂ Further alignment of annual cash incentive bonus plan with corporate strategy ∂ Improvement of long-term Performance Share program to incorporate total shareholder return and other important financial measures ∂ Alignment of new CEO’s target compensation with the median of our peers ∂ Implemented a policy that standardizes executive separation terms ∂ Executive compensation tied to achieving health, safety and environmental goals10 9For a more comprehensive list of governance improvements, see Apache's 2016 Proxy Statement.