DIRECTOR SKILLS, EXPERIENCE, AND BACKGROUND
Intel is a large technology company engaged in research, manufacturing, and
marketing on a global scale. We operate in highly competitive markets characterized by rapidly evolving technologies and exposure to business cycles. As we discuss below under Board Committees and Charters, the Corporate Governance and
Nominating Committee is responsible for assessing with the Board the appropriate skills, experience, and background that we seek in Board members in the context of our business and the existing composition of the Board. This assessment includes
numerous factors, such as independence; understanding of and experience in manufacturing, technology, finance, and marketing; international experience; age; and gender and ethnic diversity. The Board then determines whether a nominees
background, experience, personal characteristics, and skills will advance the Boards goal of creating and sustaining a Board that can support and oversee the companys complex activities. Our Board is committed to actively seeking quality
women and minority director candidates for consideration. As set forth in our Corporate Governance Guidelines, the committee and the Board periodically review and assess the effectiveness of their practices used in considering potential director
candidates.
Listed below are the skills and experience that we consider important for our directors in light of our current business
and structure. The directors biographies note each directors relevant experience, qualifications, and skills relative to this list.
SENIOR LEADERSHIP EXPERIENCE
Directors who have served in senior leadership positions are important to us, since
they have the experience and perspective to analyze, shape, and oversee the execution of important operational and policy issues. These directors insights and guidance, and their ability to assess and respond to situations encountered in
serving on our Board, may be enhanced by leadership experience at businesses or organizations that operated on a global scale, faced significant competition, or involved technology or other rapidly evolving business models.
GLOBAL/INTERNATIONAL EXPERIENCE
We are a global organization with research and development, manufacturing, assembly, and test facilities, and sales and other offices in many countries. In addition, the majority of our revenue comes from sales outside the United
States. Because of these factors, directors with global experience can provide valuable business and cultural perspective regarding many important aspects of our business.
INDUSTRY AND IT/TECHNICAL EXPERIENCE
Because we are a technology, hardware, and software provider, education or experience in relevant technology is useful for understanding our research and development efforts, competing technologies, the products and processes we
develop, our manufacturing and assembly and test operations, and the market segments in which we compete.
FINANCIAL EXPERTISE
Knowledge of financial markets, financing and funding operations, and accounting and financial reporting processes is also
important. This experience assists our directors in understanding, advising on, and overseeing Intels capital structure, financing, and investing activities, as well as our financial reporting and internal controls.
HUMAN CAPITAL EXPERIENCE
Because the market for senior technology leaders is extremely competitive, experience attracting and retaining top talent, particularly in high
demand areas such as cloud computing, artificial intelligence, graphics processing units, virtual reality, and autonomous driving, can be an important skill for the Board to have.
OPERATING AND MANUFACTURING EXPERIENCE
Because we are a leader in the design and manufacturing of advanced integrated digital technology platforms, understanding of and experience with manufacturing and other operational processes is a valuable asset to the Board.
SALES, MARKETING, AND BRAND MANAGEMENT EXPERIENCE
Directors with sales, marketing, and brand management experience can provide expertise and guidance as we seek to grow sales and enhance our brand.
EMERGING TECHNOLOGIES AND BUSINESS MODELS EXPERIENCE
Emerging technologies and business models can rapidly disrupt even the most well-thought-out strategy,
particularly for technology companies. Directors who have experience identifying and developing emerging technologies and business models can be valuable assets to the Board.
BUSINESS DEVELOPMENT AND M&A EXPERIENCE
Directors with a background in business development and M&A provide insight into developing and implementing strategies for growing our business. Useful experience in this area includes skills in assessing make vs.
buy decisions, analyzing the fit of a proposed acquisition with a companys strategy, valuing transactions, and assessing managements plans for integration with existing operations.
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Proposal 1: Election of Directors
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2018 PROXY STATEMENT
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