vote summary report...amend memorandum of association to reflect for for changes in capital 2 amend...
TRANSCRIPT
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Voting June 2019
Schroders is required to publish records of voting in order to achieve compliance with the UK Stewardship Code. According, voting in accordance with our house policy is set out on the following pages.
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
GlaxoSmithKline Consumer Healthcare Ltd. Meeting Date: 06/01/2019 Country: India
Meeting Type: Court Ticker: 500676
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Approve Scheme of Amalgamation 1
Wipro Limited Meeting Date: 06/01/2019 Country: India
Meeting Type: Special Ticker: 507685
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Buyback of Equity Shares For For
For For Elect Arundhati Bhattacharya as Director 2
Bravida Holding AB Meeting Date: 06/03/2019 Country: Sweden
Meeting Type: Special Ticker: BRAV
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect Chairman of Meeting For For
For For Prepare and Approve List of Shareholders 3
For For Approve Agenda of Meeting 4
For For Designate Inspector(s) of Minutes of Meeting 5
For For Acknowledge Proper Convening of Meeting 6
Against For Approve Performance Share Matching Plan LTIP 2019
7.a
Voter Rationale: Lack of disclosure around the performance targets attached to the plan.
Blended Rationale: Lack of disclosure around the performance targets attached to the plan.
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Bravida Holding AB Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Equity Plan Financing Through Issuance of Class C Shares
7.b1
Voter Rationale: Lack of disclosure around the performance targets attached to the plan.
Blended Rationale: Lack of disclosure around the performance targets attached to the plan.
Against For Approve Equity Plan Financing Through Repurchase of Class C Shares
7.b2
Voter Rationale: Lack of disclosure around the performance targets attached to the plan.
Blended Rationale: Lack of disclosure around the performance targets attached to the plan.
Against For Approve Equity Plan Financing Through Transfer of Common Shares
7.b3
Voter Rationale: Lack of disclosure around the performance targets attached to the plan.
Blended Rationale: Lack of disclosure around the performance targets attached to the plan.
Against For Approve Alternative Equity Plan Financing 7.c
Voter Rationale: Additional costs compared to primary source of financing.
Blended Rationale: Additional costs compared to primary source of financing.
China Oriental Group Company Limited Meeting Date: 06/03/2019 Country: Bermuda
Meeting Type: Annual Ticker: 581
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend and Special Dividend 2
For For Elect Zhu Jun as Director 3a
For For Elect Han Li as Director 3b
For For Elect Wang Tianyi as Director 3c
For For Authorize Board to Fix Remuneration of Directors
3d
For For Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration
4
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
China Oriental Group Company Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
5
Voter Rationale: Share issuance limit exceeds 10% of share capital
Blended Rationale: Share issuance limit exceeds 10% of share capital
For For Authorize Repurchase of Issued Share Capital 6
Against For Authorize Reissuance of Repurchased Shares 7
Voter Rationale: Discount limit not disclosed
Blended Rationale: Discount limit not disclosed
Cholamandalam Investment and Finance Company Limited Meeting Date: 06/03/2019 Country: India
Meeting Type: Special Ticker: 511243
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Sub-Division of Equity Shares For For
For For Amend Memorandum of Association to Reflect Changes in Capital
2
For For Amend Objects Clause of Memorandum of Association
3
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Meeting Date: 06/03/2019 Country: Brazil
Meeting Type: Special Ticker: SBSP3
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Evaluation and Nominating Committee Members
For For
For For Amend Article 8 2
For For Consolidate Bylaws 3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Rectify Remuneration of Company's Management Approved at the April 29, 2019, AGM
4
Voter Rationale: Lack of disclosure so unable to make an informed decision.
Blended Rationale: Lack of disclosure so unable to make an informed decision.
Fluidigm Corporation Meeting Date: 06/03/2019 Country: USA
Meeting Type: Annual Ticker: FLDM
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Laura M. Clague For For
For For Elect Director Samuel D. Colella 1.2
For For Elect Director Stephen Christopher Linthwaite 1.3
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Amend Omnibus Stock Plan 3
For For Ratify PricewaterhouseCoopers LLP as Auditors 4
LMS Capital Plc Meeting Date: 06/03/2019 Country: United Kingdom
Meeting Type: Annual Ticker: LMS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Report 2
For For Re-elect Rod Birkett as Director 3
For For Re-elect Martin Knight as Director 4
For For Re-elect Neil Lerner as Director 5
For For Re-elect Robert Rayne as Director 6
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
LMS Capital Plc Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Reappoint BDO LLP as Auditors 7
For For Authorise Board to Fix Remuneration of Auditors 8
For For Authorise Issue of Equity 9
For For Authorise Issue of Equity without Pre-emptive Rights
10
For For Authorise Market Purchase of Ordinary Shares 11
For For Authorise the Company to Call General Meeting with Two Weeks' Notice
12
Maisons du Monde SA Meeting Date: 06/03/2019 Country: France
Meeting Type: Annual/Special Ticker: MDM
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Financial Statements and Statutory Reports
For For
For For Approve Consolidated Financial Statements and Statutory Reports
2
For For Approve Allocation of Income and Dividends of EUR 0.47 per Share
3
For For Approve Auditors' Special Report on Related-Party Transactions
4
For For Approve Non-Compete Agreement with Julie Walbaum, CEO
5
For For Approve Compensation of Ian Cheshire, Chairman of the Board
6
For For Approve Remuneration Policy of Ian Cheshire, Chairman of the Board
7
Against For Approve Compensation of Gilles Petit, CEO Until June 30, 2018
8
Voter Rationale: Lack of disclosure around the qualitative criteria in the bonus which have hit target consistently.
Blended Rationale: Lack of disclosure around the qualitative criteria in the bonus which have hit target consistently.
For For Approve Remuneration Policy of Julie Walbaum, CEO Since July 1, 2018 Re: FY 2018
9
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Maisons du Monde SA Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Compensation of Julie Walbaum, CEO Since July 1, 2018
10
Voter Rationale: Lack of disclosure around the qualitative criteria in the bonus which have hit target consistently.
Blended Rationale: Lack of disclosure around the qualitative criteria in the bonus which have hit target consistently.
Against For Approve Remuneration Policy of Julie Walbaum, CEO Re: FY 2019
11
Voter Rationale: The performance period of the LTIP is less than three years so is not sufficiently long term orientated.
Blended Rationale: The performance period of the LTIP is less than three years so is not sufficiently long term orientated.
For For Elect Julie Walbaum as Director 12
For For Approve Remuneration of Directors in the Aggregate Amount of EUR 500,000
13
For For Authorize Repurchase of Up to 10 Percent of Issued Share Capital
14
For For Authorize Decrease in Share Capital via Cancellation of Repurchased Shares
15
For For Amend Article 22 of Bylaws Re: Alternate Auditor
16
For For Authorize Filing of Required Documents/Other Formalities
17
Nexteer Automotive Group Limited Meeting Date: 06/03/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 1316
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Zhao Guibin as Director 3a1
Against For Elect Fan, Yi as Director 3a2
Voter Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
Blended Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
For For Elect Liu, Jianjun as Director 3a3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Nexteer Automotive Group Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Elect Wang, Jian as Director 3b
Voter Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
Blended Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
Against For Elect Liu, Ping as Director 3c
Voter Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
Blended Rationale: Non-independent nominee on a board that is not a third independent, which is widely recognised as best practice
For For Authorize Board to Fix Remuneration of Directors
3d
For For Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration
4
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
5A
Voter Rationale: Share issuance limit exceeds 10% of current share capital
Blended Rationale: Share issuance limit exceeds 10% of current share capital
For For Authorize Repurchase of Issued Share Capital 5B
Against For Authorize Reissuance of Repurchased Shares 5C
Voter Rationale: Discount limit not disclosed
Blended Rationale: Discount limit not disclosed
Prosegur Cash SA Meeting Date: 06/03/2019 Country: Spain
Meeting Type: Annual Ticker: CASH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Consolidated and Standalone Financial Statements
For For
For For Approve Non-Financial Information Report 2
For For Approve Allocation of Income and Dividends 3
For For Approve Discharge of Board 4
For For Reelect Christian Gut Revoredo as Director 5
For For Reelect Jose Antonio Lasanta Luri as Director 6
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Prosegur Cash SA Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Reelect Antonio Rubio Merino as Director 7
For For Renew Appointment of KPMG Auditores as Auditor for FY 2019
8.A
For For Appoint Ernst & Young as Auditor for FY 2020, 2021 and 2022
8.B
Against For Advisory Vote on Remuneration Report 9
Voter Rationale: Lack of disclosure around performance metrics attached to the bonus.
Blended Rationale: Lack of disclosure around performance metrics attached to the bonus.
For For Authorize Board to Ratify and Execute Approved Resolutions
10
Regal International Airport Group Company Limited Meeting Date: 06/03/2019 Country: China
Meeting Type: Annual Ticker: 357
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve 2018 Work Report of the Board of Directors
For For
For For Approve 2018 Work Report of the Board of Supervisors
2
For For Approve 2018 Audited Financial Statements of the Company and Its Subsidiaries
3
For For Approve Non-Distribution of Final Dividend 4
For For Approve Remuneration of Directors and Supervisors
5
For For Approve PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration
6
For For Elect Wang Hong as Director, Approve His Emoluments, and Authorize Board to Execute a Service Contract with Him
7
For For Elect Wang Hexin as Director, Approve His Emoluments, and Authorize Board to Execute a Service Contract with Him
8
For For Elect Liao Hongyu as Supervisor, Approve His Emoluments, and Authorize Board to Execute a Service Contract with Him
9
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Regal International Airport Group Company Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Proposals Put Forward by Any Shareholder(s) Holding Five Percent or More of the Shares Entitled to Vote
10
Voter Rationale: Shareholders don’t know in advance what is going to be raised
Blended Rationale: Shareholders don’t know in advance what is going to be raised
For For Approve 2018 Supplemental Parent Company Domestic Shares Subscription Agreement
11
For For Approve Termination Agreement Entered Into Between the Company and Hainan HNA
12
For For Approve Extension of the Validity Period of the Resolutions in Relation to the Parent Company Subscription, for a Further Period of Nine (9) Months, from December 26, 2018 to September 25, 2019
13
For For Approve Extension of the Validity Period of the Specific Mandate in Relation to the New H Shares Issue and the Resolutions on the Specific Mandate for the New H Shares Issue and Listing of New H Shares on the Stock Exchange
14
For For Approve Class of Shares to be Issued 14.1
For For Approve Time of Issuance 14.2
For For Approve Size of Issuance 14.3
For For Approve Ranking of New H Shares 14.4
For For Approve Listing 14.5
For For Approve Method of Issuance 14.6
For For Approve Target Placees 14.7
For For Approve Pricing Mechanism 14.8
For For Approve Method of Subscription 14.9
For For Approve Accumulated Profits 14.10
For For Approve Use of Proceeds 14.11
For For Approve Validity Period of the Resolutions 14.12
For For Approve Extension of Authorization to the Board Granted by the General Meeting of Shareholders to Deal with and Complete the Parent Company Subscription
15
For For Approve Extension of Authorization to the Board Granted by the General Meeting of Shareholders to Deal with and Complete All Matters in Relation to the New H Shares Issue
16
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Regal International Airport Group Company Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Domestic Shares or H Shares
17
Voter Rationale: Issuance limit exceeds 10% of share capital and discount limit is not disclosed
Blended Rationale: Issuance limit exceeds 10% of share capital and discount limit is not disclosed
Against For Other Business 18
Voter Rationale: Shareholders don’t know in advance what is going to be raised
Blended Rationale: Shareholders don’t know in advance what is going to be raised
Regal International Airport Group Company Limited Meeting Date: 06/03/2019 Country: China
Meeting Type: Special Ticker: 357
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve 2018 Supplemental Parent Company Domestic Shares Subscription Agreement
For For
For For Approve Termination Agreement Entered Into Between the Company and Hainan HNA
2
For For Approve Extension of the Validity Period of the Resolutions in Relation to the Parent Company Subscription, for a Further Period of Nine (9) Months, from December 26, 2018 to September 25, 2019
3
For For Approve Extension of the Validity Period of the Specific Mandate in Relation to the New H Shares Issue and the Resolutions on the Specific Mandate for the New H Shares Issue and Listing of New H Shares on the Stock Exchange
4
For For Approve Class of Shares to be Issued 4.1
For For Approve Time of Issuance 4.2
For For Approve Size of Issuance 4.3
For For Approve Ranking of New H Shares 4.4
For For Approve Listing 4.5
For For Approve Method of Issuance 4.6
For For Approve Target Placees 4.7
For For Approve Pricing Mechanism 4.8
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Regal International Airport Group Company Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Approve Method of Subscription 4.9
For For Approve Accumulated Profits 4.10
For For Approve Use of Proceeds 4.11
For For Approve Validity Period of the Resolutions 4.12
For For Approve Extension of Authorization to the Board Granted by the General Meeting of Shareholders to Deal with and Complete the Parent Company Subscription
5
For For Approve Extension of Authorization to the Board Granted by the General Meeting of Shareholders to Deal with and Complete All Matters in Relation to the New H Shares Issue
6
Against For Other Business 7
Voter Rationale: Shareholders don't know in advance what will be raised under this item
Blended Rationale: Shareholders don't know in advance what will be raised under this item
Sixt Leasing SE Meeting Date: 06/03/2019 Country: Germany
Meeting Type: Annual Ticker: LNSX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve Allocation of Income and Dividends of EUR 0.48 per Share
For For
For For Approve Discharge of Management Board for Fiscal 2018
3
For For Approve Discharge of Supervisory Board for Fiscal 2018
4
For For Ratify Deloitte GmbH as Auditors for Fiscal 2019 5
For For Amend Corporate Purpose 6
The Buckle, Inc. Meeting Date: 06/03/2019 Country: USA
Meeting Type: Annual Ticker: BKE
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
The Buckle, Inc.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Daniel J. Hirschfeld For For
For For Elect Director Dennis H. Nelson 1.2
For For Elect Director Thomas B. Heacock 1.3
For For Elect Director Kari G. Smith 1.4
Withhold For Elect Director Hank M. Bounds 1.5
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Withhold For Elect Director Bill L. Fairfield 1.6
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Withhold For Elect Director Bruce L. Hoberman 1.7
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Withhold For Elect Director Michael E. Huss 1.8
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Withhold For Elect Director John P. Peetz, III 1.9
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
For For Elect Director Karen B. Rhoads 1.10
Withhold For Elect Director James E. Shada 1.11
Voter Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
Blended Rationale: Withhold vote for incumbent members of Nomination Committee due to ongoing concerns with level of board refreshment.
For For Ratify Deloitte & Touche LLP as Auditor 2
For For Approve Executive Incentive Bonus Plan 3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Tingyi (Cayman Islands) Holding Corp. Meeting Date: 06/03/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 322
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Approve Special Dividend 3
For For Elect Teruo Nagano as Director and Authorize Board to Fix His Remuneration
4
For For Elect Wei, Hong-Chen as Director and Authorize Board to Fix His Remuneration
5
For For Elect Hsu, Shin-Chun as Director and Authorize Board to Fix His Remuneration
6
For For Approve Mazars CPA Limited as Auditors and Authorize Board to Fix Their Remuneration
7
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
8
Voter Rationale: Share issuance limit exceeds 10% of share capital
Blended Rationale: Share issuance limit exceeds 10% of share capital
For For Authorize Repurchase of Issued Share Capital 9
Against For Authorize Reissuance of Repurchased Shares 10
Voter Rationale: Discount limit not disclosed
Blended Rationale: Discount limit not disclosed
For For Amend Articles of Association 11
UnitedHealth Group Incorporated Meeting Date: 06/03/2019 Country: USA
Meeting Type: Annual Ticker: UNH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director William C. Ballard, Jr. For For
For For Elect Director Richard T. Burke 1b
For For Elect Director Timothy P. Flynn 1c
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
UnitedHealth Group Incorporated Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director Stephen J. Hemsley 1d
For For Elect Director Michele J. Hooper 1e
For For Elect Director F. William McNabb, III 1f
For For Elect Director Valerie C. Montgomery Rice 1g
For For Elect Director John H. Noseworthy 1h
For For Elect Director Glenn M. Renwick 1i
For For Elect Director David S. Wichmann 1j
For For Elect Director Gail R. Wilensky 1k
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Ratify Deloitte & Touche LLP as Auditors 3
For Against Amend Proxy Access Right 4
Voter Rationale: enhance existing rights for shareholders
Blended Rationale: enhance existing rights for shareholders
Watsco, Inc. Meeting Date: 06/03/2019 Country: USA
Meeting Type: Annual Ticker: WSO
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Brian E. Keeley For For
For For Elect Director Steven "Slava" Rubin 1.2
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
2
Blended Rationale: A vote AGAINST this proposal is warranted. While CEO pay has declined somewhat, concern remains with the discretionary nature of the short-term incentive program, as well as the design of the long-term awards, which provides for outsized pay opportunities based on short-term performance and non-rigorous goals. For the year in review, the CEO's equity grant value alone exceeded the median pay in the ISS peer group. The long-term awards are also in the form of Class B shares which could further entrench the CEO and perpetuate the company's dual-class structure.
For For Ratify KPMG LLP as Auditor 3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Wipro Ltd. Meeting Date: 06/03/2019 Country: India
Meeting Type: Special Ticker: 507685
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Buyback of Equity Shares For For
For For Elect Arundhati Bhattacharya as Director 2
WuXi AppTec Co., Ltd. Meeting Date: 06/03/2019 Country: China
Meeting Type: Annual Ticker: 2359
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve 2018 Report of the Board of Directors For For
For For Approve 2018 Report of Supervisory Committee 2
For For Approve 2018 Annual Reports and Its Summary 3
For For Approve 2018 Financial Report 4
Against For Approve Provision of External Guarantees 5
Voter Rationale: The company could be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification.
Blended Rationale: The company could be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification.
For For Approve Remuneration of Directors 6
For For Approve Remuneration of Supervisors 7
For For Approve Deloitte Touche Tohmatsu as PRC Auditor and Internal Control Auditor
8
For For Approve Deloitte Touche Tohmatsu as Offshore Financial Report Auditors
9
For For Approve Foreign Exchange Hedging Limit 10
For For Approve Expansion of Business Scope 11
For For Approve Amendments to the Management Measures on Raised Funds
12
For For Approve 2018 Profit Distribution Plan 13
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
WuXi AppTec Co., Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for A Shares and/or H shares
14
Voter Rationale: The share issuance limit exceeds 10% of existing share capital
Blended Rationale: The share issuance limit exceeds 10% of existing share capital
For For Authorize Repurchase of Issued A and H Share Capital
15
Against For Approve Issuance of Debt Financing Instruments
16
Voter Rationale: Lack of disclosure on details of proposal
Blended Rationale: Lack of disclosure on details of proposal
For For Approve Increase in Registered Capital 17
For For Amend Articles of Association 18
For For Amend Rules and Procedures Regarding General Meetings of Shareholders
19
For For Amend Rules and Procedures Regarding Meetings of Board of Directors
20
WuXi AppTec Co., Ltd. Meeting Date: 06/03/2019 Country: China
Meeting Type: Special Ticker: 2359
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve 2018 Profit Distribution Plan For For
For For Authorize Repurchase of Issued A and H Share Capital
2
Yuzhou Properties Company Limited Meeting Date: 06/03/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 1628
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Yuzhou Properties Company Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Lam Lung On as Director 3a
For For Elect Wee Henny Soon Chiang as Director 3b
For For Elect Zhai Pu as Director 3c
For For Elect Xie Mei as Director 3d
For For Elect Lam Yu Fong as Director 3e
For For Authorize Board to Fix Remuneration of Directors
4
For For Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration
5
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
6
Voter Rationale: Share issuance limit exceeds 10% of share capital
Blended Rationale: Share issuance limit exceeds 10% of share capital
For For Authorize Repurchase of Issued Share Capital 7
Against For Authorize Reissuance of Repurchased Shares 8
Voter Rationale: Discount limit not disclosed
Blended Rationale: Discount limit not disclosed
Absa Group Ltd. Meeting Date: 06/04/2019 Country: South Africa
Meeting Type: Annual Ticker: ABG
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Reappoint Ernst & Young Inc. as Auditors of the Company with Ernest van Rooyen as the Designated Auditor
For For
For For Re-elect Alex Darko as Director 2.1
For For Re-elect Daisy Naidoo as Director 2.2
For For Re-elect Francis Okomo-Okello as Director 2.3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Absa Group Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Re-elect Mohamed Husain as Director 2.4
For For Re-elect Peter Matlare as Director 2.5
For For Elect Sipho Pityana as Director 3
For For Re-elect Alex Darko as Member of the Group Audit and Compliance Committee
4.1
For For Re-elect Colin Beggs as Member of the Group Audit and Compliance Committee
4.2
For For Re-elect Daisy Naidoo as Member of the Group Audit and Compliance Committee
4.3
For For Re-elect Mohamed Husain as Member of the Group Audit and Compliance Committee
4.4
For For Re-elect Tasneem Abdool-Samad as Member of the Group Audit and Compliance Committee
4.5
For For Place Authorised but Unissued Shares under Control of Directors
5
For For Approve Share Incentive Plan 6
For For Approve Remuneration Policy 1
Against For Approve Remuneration Implementation Report 2
Voter Rationale: David Hodnett has been treated as a good leaver for the purposes of his outstanding equity awards. The Company announced in April 2018 that he would take a two-month sabbatical; however, he resigned with effect from 15 May 2018 and served his notice period until February end of 2019, a decision which is stated to be on the basis of a "mutual separation agreement". He joined Standard Bank, a listed rival bank, as Chief Risk Officer with effect from 1 May 2019. The remuneration policy and scheme rules define a good leaver as someone who leaves due to injury,disability, ill health, retirement or redundancy, none of which apply in this case
Blended Rationale: David Hodnett has been treated as a good leaver for the purposes of his outstanding equity awards. The Company announced in April 2018 that he would take a two-month sabbatical; however, he resigned with effect from 15 May 2018 and served his notice period until February end of 2019, a decision which is stated to be on the basis of a "mutual separation agreement". He joined Standard Bank, a listed rival bank, as Chief Risk Officer with effect from 1 May 2019. The remuneration policy and scheme rules define a good leaver as someone who leaves due to injury,disability, ill health, retirement or redundancy, none of which apply in this case
For For Approve Remuneration of Non-Executive Directors
1
For For Authorise Repurchase of Issued Share Capital 2
For For Approve Financial Assistance in Terms of Section 45 of the Companies Act
3
Alliance Data Systems Corporation Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: ADS
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Alliance Data Systems Corporation
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Bruce K. Anderson For For
For For Elect Director Roger H. Ballou 1.2
For For Elect Director Kelly J. Barlow 1.3
For For Elect Director Edward J. Heffernan 1.4
For For Elect Director Kenneth R. Jensen 1.5
For For Elect Director Robert A. Minicucci 1.6
For For Elect Director Timothy J. Theriault 1.7
For For Elect Director Laurie A. Tucker 1.8
For For Elect Director Sharen J. Turney 1.9
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
2
Blended Rationale: The minimum vesting period is less than three years.
For For Ratify Deloitte & Touche LLP as Auditors 3
Arrow Global Group Plc Meeting Date: 06/04/2019 Country: United Kingdom
Meeting Type: Annual Ticker: ARW
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
Abstain For Approve Remuneration Report 2
Voter Rationale: Increase in fixed and LTIP not split equally to incorporate more FCF. Lack of disclosure.
Blended Rationale: Increase in fixed and LTIP not split equally to incorporate more FCF. Lack of disclosure.
For For Approve Final Dividend 3
For For Re-elect Jonathan Bloomer as Director 4
For For Re-elect Lee Rochford as Director 5
For For Re-elect Paul Cooper as Director 6
For For Re-elect Lan Tu as Director 7
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Arrow Global Group Plc Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Re-elect Maria Luis Albuquerque as Director 8
For For Re-elect Andrew Fisher as Director 9
For For Reappoint KPMG LLP as Auditors 10
For For Authorise Board to Fix Remuneration of Auditors 11
For For Authorise EU Political Donations and Expenditure
12
For For Authorise Issue of Equity 13
For For Authorise Issue of Equity without Pre-emptive Rights
14
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
15
For For Authorise Market Purchase of Ordinary Shares 16
For For Authorise the Company to Call General Meeting with Two Weeks' Notice
17
Athene Holding Ltd. Meeting Date: 06/04/2019 Country: Bermuda
Meeting Type: Annual Ticker: ATH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director James R. Belardi For For
For For Elect Director Matthew R. Michelini 1.2
For For Elect Director Brian Leach 1.3
For For Elect Director Gernot Lohr 1.4
For For Elect Director Marc Rowan 1.5
For For Elect Director Scott Kleinman 1.6
For For Elect Director Mitra Hormozi 1.7
For For Elect Subsidiary Director James R. Belardi 2.1
For For Elect Subsidiary Director Robert L. Borden 2.2
For For Elect Subsidiary Director Frank L. Gillis 2.3
For For Elect Subsidiary Director Gernot Lohr 2.4
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Athene Holding Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Subsidiary Director Hope Schefler Taitz 2.5
For For Elect Subsidiary Director William J. Wheeler 2.6
For For Elect Subsidiary Director Natasha Scotland Courcy
3.1
For For Elect Subsidiary Director Frank L. Gillis 3.2
For For Elect Subsidiary Director William J. Wheeler 3.3
For For Elect Subsidiary Director Natasha Scotland Courcy
4.1
For For Elect Subsidiary Director Frank L. Gillis 4.2
For For Elect Subsidiary Director William J. Wheeler 4.3
For For Elect Subsidiary Director Natasha Scotland Courcy
5.1
For For Elect Subsidiary Director William J. Wheeler 5.2
For For Ratify PricewaterhouseCoopers LLP as Auditors 6
For For Authorize Board to Fix Remuneration of the Auditors
7
For For Advisory Vote to Ratify Named Executive Officers' Compensation
8
For For Amend Bylaws 9
For For Approve Omnibus Stock Plan 10
For None Shareholder Represents that Neither they nor Any of its Tax Attributed Affiliates Owns Any Class B Shares or Any Equity Interests of Apollo Global Management or AP Alternative Assets. If You do not Mark Yes your Vote may Not Count. For = Yes; Against= No
A
For None Shareholder Represents that it is Neither an Employee of Apollo Group nor a Management Shareholder, If You do not Mark Yes your Vote may Not Count For = Yes and Against= No
B
BlackRock Smaller Cos. Trust Plc Meeting Date: 06/04/2019 Country: United Kingdom
Meeting Type: Annual Ticker: BRSC
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
BlackRock Smaller Cos. Trust Plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Report 2
For For Approve Final Dividend 3
For For Elect Ronald Gould as Director 4
For For Re-elect Caroline Burton as Director 5
For For Re-elect Michael Peacock as Director 6
For For Re-elect Susan Platts-Martin as Director 7
For For Re-elect Robert Robertson as Director 8
For For Reappoint PricewaterhouseCoopers LLP as Auditors
9
For For Authorise the Audit Committee to Fix Remuneration of Auditors
10
For For Authorise Issue of Equity 11
For For Authorise Issue of Equity without Pre-emptive Rights
12
For For Authorise Market Purchase of Ordinary Shares 13
Citrix Systems, Inc. Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: CTXS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Robert M. Calderoni For For
For For Elect Director Nanci E. Caldwell 1b
For For Elect Director Jesse A. Cohn 1c
For For Elect Director Robert D. Daleo 1d
For For Elect Director Murray J. Demo 1e
For For Elect Director Ajei S. Gopal 1f
For For Elect Director David J. Henshall 1g
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Citrix Systems, Inc. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director Thomas E. Hogan 1h
For For Elect Director Moira A. Kilcoyne 1i
For For Elect Director Peter J. Sacripanti 1j
Against For Amend Omnibus Stock Plan 2
Blended Rationale: The minimum vesting period is less than three years.
For For Ratify Ernst & Young LLP as Auditor 3
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
4
Blended Rationale: The minimum vesting period is less than three years.
Cognizant Technology Solutions Corporation Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: CTSH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Zein Abdalla For For
For For Elect Director Maureen Breakiron-Evans 1b
For For Elect Director Jonathan Chadwick 1c
For For Elect Director John M. Dineen 1d
For For Elect Director Francisco D'Souza 1e
For For Elect Director John N. Fox, Jr. 1f
For For Elect Director Brian Humphries 1g
For For Elect Director John E. Klein 1h
For For Elect Director Leo S. Mackay, Jr. 1i
For For Elect Director Michael Patsalos-Fox 1j
For For Elect Director Joseph M. Velli 1k
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Ratify PricewaterhouseCoopers LLP as Auditor 3
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Cognizant Technology Solutions Corporation Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For Against Report on Political Contributions 4
Voter Rationale: The company is asked to disclose in detail its political contributions, and a vote "for" is warranted considering the current gaps in transparency, as well as influence of government policy over its operations.
Blended Rationale: The company is asked to disclose in detail its political contributions, and a vote "for" is warranted considering the current gaps in transparency, as well as influence of government policy over its operations.
Against Against Require Independent Board Chairman 5
Dermapharm Holding SE Meeting Date: 06/04/2019 Country: Germany
Meeting Type: Annual Ticker: DMP
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve Allocation of Income and Dividends of EUR 0.77 per Share
For For
For For Approve Discharge of Management Board for Fiscal 2018
3
For For Approve Discharge of Supervisory Board for Fiscal 2018
4
For For Ratify Warth & Klein Grant Thornton AG as Auditors for Fiscal 2019
5
Fortive Corporation Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: FTV
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1A Elect Director Mitchell P. Rales For For
For For Elect Director Steven M. Rales 1B
For For Elect Director Jeannine Sargent 1C
For For Elect Director Alan G. Spoon 1D
For For Ratify Ernst & Young LLP as Auditors 2
For For Advisory Vote to Ratify Named Executive Officers' Compensation
3
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Fortive Corporation Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Eliminate Supermajority Vote Requirement 4
General Motors Company Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: GM
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Mary T. Barra For For
For For Elect Director Wesley G. Bush 1b
For For Elect Director Linda R. Gooden 1c
For For Elect Director Joseph Jimenez 1d
For For Elect Director Jane L. Mendillo 1e
For For Elect Director Judith A. Miscik 1f
For For Elect Director Patricia F. Russo 1g
For For Elect Director Thomas M. Schoewe 1h
For For Elect Director Theodore M. Solso 1i
For For Elect Director Carol M. Stephenson 1j
For For Elect Director Devin N. Wenig 1k
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
2
Voter Rationale: Minimum vesting period less than 3 years
For For Ratify Ernst & Young LLP as Auditors 3
Against Against Require Independent Board Chairman 4
For Against Report on Lobbying Payments and Policy 5
Voter Rationale: The proponent asks for an annual report with more detailed information around the company's lobbying activities, processes and oversight. Given the company operates in an industry with increasing regulatory and government influence, a vote "for" is warranted.
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
GRUH Finance Limited Meeting Date: 06/04/2019 Country: India
Meeting Type: Court Ticker: 511288
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Scheme of Amalgamation For For
Hermes International SCA Meeting Date: 06/04/2019 Country: France
Meeting Type: Annual/Special Ticker: RMS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Financial Statements and Statutory Reports
For For
For For Approve Consolidated Financial Statements and Statutory Reports
2
For For Approve Discharge of General Managers 3
For For Approve Allocation of Income and Dividends of EUR 4.55 per Share
4
Against For Approve Auditors' Special Report on Related-Party Transactions
5
Voter Rationale: Lack of disclosure around agreement with Studio des Fleurs.
Blended Rationale: Lack of disclosure around agreement with Studio des Fleurs.
Against For Authorize Repurchase of Up to 10 Percent of Issued Share Capital
6
Voter Rationale: Can be continued during a takeover period.
Blended Rationale: Can be continued during a takeover period.
Against For Approve Compensation of Axel Dumas, General Manager
7
Voter Rationale: Large discretionary element so unable to ensure pay for performance alignment.
Blended Rationale: Large discretionary element so unable to ensure pay for performance alignment.
Against For Approve Compensation of Emile Hermes SARL, General Manager
8
Voter Rationale: Large discretionary element so unable to ensure pay for performance alignment.
Blended Rationale: Large discretionary element so unable to ensure pay for performance alignment.
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Hermes International SCA Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Reelect Charles-Eric Bauer as Supervisory Board Member
9
Voter Rationale: Lack of independence on the board.
Blended Rationale: Lack of independence on the board.
Against For Reelect Julie Guerrand as Supervisory Board Member
10
Voter Rationale: Large discretionary element so unable to ensure pay for performance alignment.
Blended Rationale: Large discretionary element so unable to ensure pay for performance alignment.
For For Reelect Dominique Senequier as Supervisory Board Member
11
For For Elect Alexandre Viros as Supervisory Board Member
12
For For Elect Estelle Brachlianoff as Supervisory Board Member
13
For For Authorize Decrease in Share Capital via Cancellation of Repurchased Shares
14
Against For Authorize Capitalization of Reserves of up to 40 Percent of Issued Capital for Bonus Issue or Increase in Par Value
15
Voter Rationale: Could be used for antitakeover purposes.
Blended Rationale: Could be used for antitakeover purposes.
Against For Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to 40 Percent of Issued Capital
16
Voter Rationale: Could be used for antitakeover purposes.
Blended Rationale: Could be used for antitakeover purposes.
Against For Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to 40 Percent of Issued Capital
17
Voter Rationale: Could be used for antitakeover purposes.
Blended Rationale: Could be used for antitakeover purposes.
For For Authorize Capital Issuances for Use in Employee Stock Purchase Plans
18
Against For Approve Issuance of Equity or Equity-Linked Securities up to 20 Percent of Issued Capital Per Year for Private Placements
19
Voter Rationale: Could be used for antitakeover purposes.
Blended Rationale: Could be used for antitakeover purposes.
Against For Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind
20
Voter Rationale: Could be used for antitakeover purposes.
Blended Rationale: Could be used for antitakeover purposes.
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Hermes International SCA Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Authorize Filing of Required Documents/Other Formalities
21
KAR Auction Services, Inc. Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: KAR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Donna R. Ecton For For
For For Elect Director James P. "Jim" Hallett 1b
For For Elect Director Mark E. Hill 1c
For For Elect Director J. Mark Howell 1d
For For Elect Director Stefan Jacoby 1e
For For Elect Director Lynn Jolliffe 1f
For For Elect Director Michael T. Kestner 1g
For For Elect Director John P. Larson 1h
For For Elect Director Stephen E. Smith 1i
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Ratify KPMG LLP as Auditors 3
Ladder Capital Corp Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: LADR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Alan H. Fishman For Withhold
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Ladder Capital Corp Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Blended Rationale: A WITHHOLD vote is warranted for incumbent director nominee Alan Fishman given the board's failure to remove, or subject to a sunset requirement, the supermajority vote requirement to enact certain changes to the bylaws and the classified board, each of which adversely impacts shareholder rights.A WITHHOLD vote is further warranted for Alan Fishman, as a member of the compensation committee, due to an unmitigated pay-for-performance misalignment. Ongoing concerns exist with the structure of the annual and long-term incentive programs, including problematic structures with uncapped award potentials, a retesting feature for performance-based equity awards, and fully vested equity awards.
Withhold For Elect Director Pamela McCormack 1.2
Blended Rationale: A WITHHOLD vote is warranted for non-independent director nominee Pamela McCormack for failing to establish a board on which a majority of the directors are independent directors.
For For Elect Director David Weiner 1.3
For For Ratify PricewaterhouseCoopers LLP as Auditors 2
MDC Partners Inc. Meeting Date: 06/04/2019 Country: Canada
Meeting Type: Annual Ticker: MDCA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Mark J. Penn For For
For For Elect Director Charlene Barshefsky 1.2
For For Elect Director Daniel S. Goldberg 1.3
For For Elect Director Bradley J. Gross 1.4
For For Elect Director Anne Marie O'Donovan 1.5
For For Elect Director Kristen M. O'Hara 1.6
For For Elect Director Desiree Rogers 1.7
For For Elect Director Irwin D. Simon 1.8
For For Approve BDO USA, LLP as Auditors and Authorize Board to Fix Their Remuneration
2
For For Advisory Vote to Ratify Named Executive Officers' Compensation
3
Newmont Mining Corporation Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: NEM
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Newmont Mining Corporation
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Gregory H. Boyce For For
For For Elect Director Bruce R. Brook 1.2
For For Elect Director J. Kofi Bucknor 1.3
For For Elect Director Joseph A. Carrabba 1.4
For For Elect Director Noreen Doyle 1.5
For For Elect Director Gary J. Goldberg 1.6
For For Elect Director Veronica M. Hagen 1.7
For For Elect Director Sheri E. Hickok 1.8
For For Elect Director Rene Medori 1.9
For For Elect Director Jane Nelson 1.10
For For Elect Director Julio M. Quintana 1.11
For For Elect Director Molly P. Zhang 1.12
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
2
Blended Rationale: The minimum vesting period is less than three years.
For For Ratify Ernst & Young LLP as Auditors 3
Pacira Biosciences, Inc. Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: PCRX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Paul Hastings For For
For For Elect Director John Longenecker 1.2
For For Elect Director Andreas Wicki 1.3
For For Ratify KPMG LLP as Auditors 2
For For Advisory Vote to Ratify Named Executive Officers' Compensation
3
One Year One Year Advisory Vote on Say on Pay Frequency 4
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Pacira Biosciences, Inc. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Amend Omnibus Stock Plan 5
Voter Rationale: Equity program is estimated to be excessively dilutive (overriding factor); the cost is excessive, disclosure of the CIC vesting treatment is incomplete; and the plan also allows broad discretion to accelerate vesting.
Blended Rationale: Equity program is estimated to be excessively dilutive (overriding factor); the cost is excessive, disclosure of the CIC vesting treatment is incomplete; and the plan also allows broad discretion to accelerate vesting.
Rosneft Oil Co. Meeting Date: 06/04/2019 Country: Russia
Meeting Type: Annual Ticker: ROSN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Annual Report For For
For For Approve Financial Statements 2
For For Approve Allocation of Income 3
For For Approve Dividends 4
For For Approve Remuneration of Members of Audit Commission
6
For For Elect Olga Andrianova as Member of Audit Commission
8.1
For For Elect Aleksandr Bogashov as Member of Audit Commission
8.2
For For Elect Sergey Poma as Member of Audit Commission
8.3
For For Elect Zakhar Sabantsev as Member of Audit Commission
8.4
For For Elect Pavel Shumov as Member of Audit Commission
8.5
For For Ratify Auditor 9
Scorpio Tankers Inc. Meeting Date: 06/04/2019 Country: Marshall Isl
Meeting Type: Annual Ticker: STNG
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Scorpio Tankers Inc.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Cameron Mackey For For
For For Elect Director Alexandre Albertini 1.2
For For Elect Director Marianne Okland 1.3
For For Ratify PricewaterhouseCoopers Audit as Auditors
2
Sherborne Investors (Guernsey) C Ltd. Meeting Date: 06/04/2019 Country: Guernsey
Meeting Type: Annual Ticker: SIGC
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Report 2
For For Re-elect Talmai Morgan as Director 3
For For Re-elect Trevor Ash as Director 4
For For Re-elect Christopher Legge as Director 5
For For Re-elect Ian Brindle as Director 6
For For Ratify Deloitte LLP as Auditors 7
For For Authorise Board to Fix Remuneration of Auditors 8
For For Authorise Market Purchase of Ordinary Shares 9
Sunac China Holdings Ltd. Meeting Date: 06/04/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 1918
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Sunac China Holdings Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Tian Qiang as Director 3A1
For For Elect Huang Shuping as Director 3A2
For For Elect Li Qin as Director 3A3
For For Elect Ma Lishan as Director 3A4
For For Authorize Board to Fix Remuneration of Directors
3B
For For Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
4
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
5A
Voter Rationale: The share issuance limit exceeds 10% of current share capital
Blended Rationale: The share issuance limit exceeds 10% of current share capital
For For Authorize Repurchase of Issued Share Capital 5B
Against For Authorize Reissuance of Repurchased Shares 5C
Voter Rationale: Discount limit not disclosed
Blended Rationale: Discount limit not disclosed
The TJX Companies, Inc. Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: TJX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Zein Abdalla For For
For For Elect Director Alan M. Bennett 1.2
For For Elect Director Rosemary T. Berkery 1.3
For For Elect Director David T. Ching 1.4
For For Elect Director Ernie Herrman 1.5
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
The TJX Companies, Inc. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director Michael F. Hines 1.6
For For Elect Director Amy B. Lane 1.7
For For Elect Director Carol Meyrowitz 1.8
For For Elect Director Jackwyn L. Nemerov 1.9
For For Elect Director John F. O'Brien 1.10
For For Elect Director Willow B. Shire 1.11
For For Ratify PricewaterhouseCoopers LLP as Auditors 2
For For Advisory Vote to Ratify Named Executive Officers' Compensation
3
Against Against Report on Gender, Race, or Ethnicity Pay Equity 4
Against Against Report on Prison Labor in Supply Chain 5
For Against Report on Human Rights Risks in Operations and Supply Chain
6
Voter Rationale: TJX discloses some information, including its expectations for vendors' protection of human rights, training and methodology in monitoring the compliance of suppliers. However, the company appears to be lagging some of its peers regarding measures taken to assess, prevent, mitigate, and remedy any adverse human rights impacts resulting from its business operations. It does not focus on the supply chain of the majority of its products that are developed for other retailers, and does not disclose information on the number of violations found in its audit process. For this reason, support is warranted, as more information would provide shareholders with meaningful information about how well the company is managing this risk.
Blended Rationale: TJX discloses some information, including its expectations for vendors' protection of human rights, training and methodology in monitoring the compliance of suppliers. However, the company appears to be lagging some of its peers regarding measures taken to assess, prevent, mitigate, and remedy any adverse human rights impacts resulting from its business operations. It does not focus on the supply chain of the majority of its products that are developed for other retailers, and does not disclose information on the number of violations found in its audit process. For this reason, support is warranted, as more information would provide shareholders with meaningful information about how well the company is managing this risk.
Tian Ge Interactive Holdings Ltd. Meeting Date: 06/04/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 1980
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Elect Fu Zhengjun as Director 2
For For Elect Cao Fei as Director 3
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Tian Ge Interactive Holdings Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Yang Wenbin as Director 4
For For Elect Chan Wing Yuen Hubert as Director 5
For For Authorize Board to Fix Remuneration of Directors
6
For For Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
7
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
8A
Voter Rationale: The share issuance limit exceeds 10% of outstanding share capital
Blended Rationale: The share issuance limit exceeds 10% of outstanding share capital
For For Authorize Repurchase of Issued Share Capital 8B
Against For Authorize Reissuance of Repurchased Shares 8C
Voter Rationale: Discount limit is not disclosed
Blended Rationale: Discount limit is not disclosed
Against For Approve Allotment and Issuance of Additional Shares Under the Restricted Share Unit Scheme
8D
Voter Rationale: The performance conditions and the vesting condition for awards to be granted under the scheme have not been disclosed and directors eligible to receive awards under the scheme are involved in the administration of the scheme.
Blended Rationale: The performance conditions and the vesting condition for awards to be granted under the scheme have not been disclosed and directors eligible to receive awards under the scheme are involved in the administration of the scheme.
Tiffany & Co. Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: TIF
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Alessandro Bogliolo For For
For For Elect Director Rose Marie Bravo 1b
For For Elect Director Hafize Gaye Erkan 1c
For For Elect Director Roger N. Farah 1d
For For Elect Director Jane Hertzmark Hudis 1e
For For Elect Director Abby F. Kohnstamm 1f
For For Elect Director James E. Lillie 1g
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Tiffany & Co. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director William A. Shutzer 1h
For For Elect Director Robert S. Singer 1i
For For Elect Director Francesco Trapani 1j
For For Elect Director Annie Young-Scrivner 1k
For For Ratify PricewaterhouseCoopers LLP as Auditors 2
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
3
Blended Rationale: The minimum vesting period is less than three years.
TruFin Plc Meeting Date: 06/04/2019 Country: Jersey
Meeting Type: Annual Ticker: TRU
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Market Purchase of Ordinary Shares Pursuant to the Tender Offer
For For
For For Accept Financial Statements and Statutory Reports
2
For For Re-elect Simon Kenner as Director 3
For For Re-elect James van den Bergh as Director 4
For For Re-elect Raxita Kapashi as Director 5
For For Re-elect Steve Baldwin as Director 6
For For Re-elect Penny Judd as Director 7
Against For Re-elect Peter Whiting as Director 8
Voter Rationale: Over boarded with various external appointments and committee memberships.
Blended Rationale: Over boarded with various external appointments and committee memberships.
For For Re-elect Paul Dentskevich as Director 9
For For Ratify Deloitte LLP as Auditors 10
For For Authorise Board to Fix Remuneration of Auditors 11
For For Authorise Issue of Equity 12
For For Authorise Market Purchase of Ordinary Shares 13
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
TruFin Plc Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Authorise Issue of Equity without Pre-emptive Rights
14
Western Alliance Bancorporation Meeting Date: 06/04/2019 Country: USA
Meeting Type: Annual Ticker: WAL
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1A Elect Director Bruce Beach For For
For For Elect Director Howard N. Gould 1B
For For Elect Director Steven J. Hilton 1C
For For Elect Director Marianne Boyd Johnson 1D
For For Elect Director Robert P. Latta 1E
For For Elect Director Todd Marshall 1F
For For Elect Director Adriane C. McFetridge 1G
For For Elect Director James E. Nave 1H
For For Elect Director Michael Patriarca 1I
For For Elect Director Robert Gary Sarver 1J
For For Elect Director Donald D. Snyder 1K
For For Elect Director Sung Won Sohn 1L
For For Elect Director Kenneth A. Vecchione 1M
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Ratify RSM US LLP as Auditors 3
Advanced Medical Solutions Group Plc Meeting Date: 06/05/2019 Country: United Kingdom
Meeting Type: Annual Ticker: AMS
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Advanced Medical Solutions Group Plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
Against For Approve Remuneration Report 2
Voter Rationale: Increases in overall quantum of pay and lack of stretch in targets.
Blended Rationale: Increases in overall quantum of pay and lack of stretch in targets.
For For Reappoint Deloitte LLP as Auditors and Authorise Their Remuneration
3
For For Re-elect Penny Freer as Director 4
For For Re-elect Steve Bellamy as Director 5
For For Elect Eddie Johnson as Director 6
For For Approve Final Dividend 7
Against For Approve Share Option Plan 8
Voter Rationale: Excessive dilution.
Blended Rationale: Excessive dilution.
For For Authorise Issue of Equity 9
For For Authorise Issue of Equity without Pre-emptive Rights
10
For For Authorise Market Purchase of Ordinary Shares 11
Allegion Plc Meeting Date: 06/05/2019 Country: Ireland
Meeting Type: Annual Ticker: ALLE
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Carla Cico For For
For For Elect Director Kirk S. Hachigian 1b
For For Elect Director Nicole Parent Haughey 1c
For For Elect Director David D. Petratis 1d
For For Elect Director Dean I. Schaffer 1e
For For Elect Director Charles L. Szews 1f
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Allegion Plc Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director Martin E. Welch, III 1g
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
For For Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
3
For For Renew the Board's Authority to Issue Shares Under Irish Law
4
For For Renew the Board's Authority to Opt-Out of Statutory Pre-Emptions Rights
5
ams AG Meeting Date: 06/05/2019 Country: Austria
Meeting Type: Annual Ticker: AMS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve Allocation of Income and Omission of Dividends
For For
For For Approve Discharge of Management Board for Fiscal 2018
3
For For Approve Discharge of Supervisory Board for Fiscal 2018
4
For For Approve Remuneration of Supervisory Board Members
5
For For Ratify KPMG Austria GmbH as Auditors for Fiscal 2019
6
For For Elect Kin Wah Loh as Supervisory Board Member
7.1
For For Elect Brian Krzanich as Supervisory Board Member
7.2
For For Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares
8
Asymchem Laboratories (Tianjin) Co., Ltd. Meeting Date: 06/05/2019 Country: China
Meeting Type: Special Ticker: 002821
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Asymchem Laboratories (Tianjin) Co., Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Investment in Haihe Kailaiying Innovation Investment Fund
For For
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Approve Investment in Haihe Kailaiying Innovation Investment Fund
1
Aviva Investors - Multi-strategy Target Income Fund Meeting Date: 06/05/2019 Country: Luxembourg
Meeting Type: Annual Ticker: R3VM0K.F
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Receive and Approve Board's and Auditor's Reports
For For
For For Approve Financial Statements 2
For For Approve Allocation of Income 3
For For Ratification of Dividends Paid in 2018 4
For For Approve Discharge of Directors 5
For For Re-elect Jacques Elvinger as Director 6.1
For For Re-elect Mark Flaherty as Director 6.2
For For Re-elect Kunal Oak as Director 6.3
For For Re-elect Hanna Duer as Director 6.4
For For Re-elect Louise Kay as Director 6.5
For For Approve Remuneration of Directors for an Aggregate Amount up to EUR 100,000 per Year
7
For For Renew Appointment of PricewaterhouseCoopers as Auditor
8
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Aviva Investors - Multi-strategy Target Income Fund Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Transact Other Business (Voting) 9
Voter Rationale: Other business not disclosed.
Blended Rationale: Other business not disclosed.
Card Factory Plc Meeting Date: 06/05/2019 Country: United Kingdom
Meeting Type: Annual Ticker: CARD
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Paul Moody as Director 3
For For Re-elect Karen Hubbard as Director 4
For For Re-elect Kristian Lee as Director 5
For For Re-elect Octavia Morley as Director 6
For For Re-elect David Stead as Director 7
For For Re-elect Paul McCrudden as Director 8
For For Re-elect Roger Whiteside as Director 9
For For Approve Remuneration Report 10
For For Reappoint KPMG LLP as Auditors 11
For For Authorise the Audit Committee to Fix Remuneration of Auditors
12
For For Authorise Issue of Equity 13
For For Authorise Issue of Equity without Pre-emptive Rights
14
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
15
For For Authorise Market Purchase of Ordinary Shares 16
For For Authorise the Company to Call General Meeting with Two Weeks' Notice
17
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
CEWE Stiftung & Co. KGaA Meeting Date: 06/05/2019 Country: Germany
Meeting Type: Annual Ticker: CWC
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports for Fiscal 2018
For For
For For Approve Allocation of Income and Dividends of EUR 1.95 per Share
2
For For Approve Discharge of Personally Liable Partner Neumueller CEWE COLOR Stiftung for Fiscal 2018
3
For For Approve Discharge of Supervisory Board for Fiscal 2018
4
For For Ratify BDO AG as Auditors for Fiscal 2019 5
For For Approve Stock Option Plan for Key Employees; Approve Creation of EUR 130,000 Pool of Conditional Capital to Guarantee Conversion Rights
6
Chicony Electronics Co., Ltd. Meeting Date: 06/05/2019 Country: Taiwan
Meeting Type: Annual Ticker: 2385
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Business Report and Consolidated and Individual Financial Statements
For For
For For Approve Profit Distribution 2
For For Approve Amendments to Articles of Association 3
For For Approve Amendments to Rules and Procedures Regarding Shareholder's General Meeting
4
For For Amend Rules and Procedures for Election of Directors and Supervisors
5
For For Amend Procedures Governing the Acquisition or Disposal of Assets
6
For For Amend Trading Procedures Governing Derivatives Products
7
For For Amend Procedures for Loaning of Funds 8
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Chicony Electronics Co., Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Amend Procedures for Endorsement and Guarantees
9
For For Elect Hsu, Kun-Tai with Shareholder No. 1, as Non-Independent Director
10.1
For For Elect Lu, Chin-Chung with Shareholder No. 112, as Non-Independent Director
10.2
For For Elect Tsai, Ming-Hsien with Shareholder No. 702, as Non-Independent Director
10.3
For For Elect Liu, Chia-Sheng, a Representative of Tong Ling Investment Co., Ltd. with Shareholder No. 8456, as Non-Independent Director
10.4
For For Elect Lee, Tse-Ching with Shareholder No. 232, as Non-Independent Director
10.5
For For Elect Lee, Yen-Sung with ID No. H102119XXX as Independent Director
10.6
For For Elect Lin, Ming-Ji with Shareholder No. 84531 as Independent Director
10.7
For For Elect Chu, Chia-Hsiang with ID No. H123394XXX as Independent Director
10.8
For For Approve Release of Restrictions of Competitive Activities of Newly Appointed Directors
11
China Man-Made Fiber Corp. Meeting Date: 06/05/2019 Country: Taiwan
Meeting Type: Annual Ticker: 1718
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Business Operations Report and Financial Statements
For For
For For Approve Plan on Profit Distribution 2
For For Amendments to Procedures Governing the Acquisition or Disposal of Assets
3
For For Approve Amendments to Rules and Procedures Regarding Shareholder's General Meeting
4
For For Approve the Issuance of New Shares by Capitalization of Profit
5
For For Elect LI,CIN-CAI, with SHAREHOLDER NO.H101536XXX as Independent Director
6.1
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
China Man-Made Fiber Corp. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect LI,DE-WEI, with SHAREHOLDER NO.A122122XXX as Independent Director
6.2
For For Elect SYU,LI-YE, with SHAREHOLDER NO.A126270XXX as Independent Director
6.3
Against None Elect Non-independent Directors No. 1 6.4
Against None Elect Non-independent Directors No. 2 6.5
Against None Elect Non-independent Directors No. 3 6.6
Against None Elect Non-independent Directors No. 4 6.7
Against None Elect Non-independent Directors No. 5 6.8
Against None Elect Non-independent Directors No. 6 6.9
China Pacific Insurance (Group) Co. Ltd. Meeting Date: 06/05/2019 Country: China
Meeting Type: Annual Ticker: 2601
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve 2018 Report of the Board of Directors For For
For For Approve 2018 Report of the Board of Supervisors
2
For For Approve 2018 Annual Report of A shares 3
For For Approve 2018 Annual Report of H shares 4
For For Approve 2018 Financial Statements and Report 5
For For Approve 2018 Profit Distribution Plan 6
For For Approve PricewaterhouseCoopers Zhong Tian LLP as PRC Auditor and Internal Control Auditor and PricewaterhouseCoopers as Hong Kong Auditor
7
For For Approve 2018 Due Diligence Report 8
For For Approve 2018 Report on Performance of Independent Directors
9
For For Elect Li Qiqiang as Director 10.1
For For Elect Lam Tyng Yih, Elizabeth as Director 10.2
For For Elect Chen Jizhong as Director 10.3
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
China Pacific Insurance (Group) Co. Ltd. Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Jiang Xuping as Director 10.4
For For Amend Remuneration Management System of Directors and Supervisors
11
For For Amend Articles of Association 12
For For Amend Rules and Procedures Regarding General Meetings of Shareholders
13
For For Amend Rules and Procedures Regarding Meetings of Board of Supervisors
14
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
15
Voter Rationale: Share issuance limit exceeds 10% of share capital and the discount limit is not disclosed
Blended Rationale: Share issuance limit exceeds 10% of share capital and the discount limit is not disclosed
Chlitina Holding Ltd. Meeting Date: 06/05/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 4137
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Business Operations Report and Financial Statements
For For
For For Approve Profit Distribution 2
For For Amend Articles of Association 3
For For Amend Procedures Governing the Acquisition or Disposal of Assets
4
For For Amend Procedures for Lending Funds to Other Parties
5
For For Amend Procedures for Endorsement and Guarantees
6
For For Approve Release of Restrictions of Competitive Activities of Directors
7
CITIC Limited Meeting Date: 06/05/2019 Country: Hong Kong
Meeting Type: Annual Ticker: 267
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
CITIC Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Li Qingping as Director 3
For For Elect Yan Shuqin as Director 4
For For Elect Liu Zhongyuan as Director 5
For For Elect Xu Jinwu as Director 6
For For Elect Gregory Lynn Curl as Director 7
For For Approve Not to Fill Up the Vacated Office of Paul Chow Man Yiu Upon His Retirement as a Director
8
For For Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration
9
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
10
Blended Rationale: A vote AGAINST this resolution is warranted for the following:- The share issuance limit is greater than 10 percent.- The company has not specified the discount limit.
For For Authorize Repurchase of Issued Share Capital 11
Comcast Corporation Meeting Date: 06/05/2019 Country: USA
Meeting Type: Annual Ticker: CMCSA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Kenneth J. Bacon For For
For For Elect Director Madeline S. Bell 1.2
For For Elect Director Sheldon M. Bonovitz 1.3
For For Elect Director Edward D. Breen 1.4
For For Elect Director Gerald L. Hassell 1.5
For For Elect Director Jeffrey A. Honickman 1.6
For For Elect Director Maritza G. Montiel 1.7
-
Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Comcast Corporation Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
For For Elect Director Asuka Nakahara 1.8
For For Elect Director David C. Novak 1.9
For For Elect Director Brian L. Roberts 1.10
For For Ratify Deloitte & Touche LLP as Auditor 2
For For Approve Nonqualified Employee Stock Purchase Plan
3
For For Advisory Vote to Ratify Named Executive Officers' Compensation
4
Against Against Require Independent Board Chairman 5
For Against Report on Lobbying Payments and Policy 6
Voter Rationale: Whilst the company provides some information, a vote 'for' is warranted as it is a high spender in federal lobbying and greater transparency regarding the use of corporate funds in the legislative and regulatory processes, in particular it's payments towards lobbying, would allow shareholders to assess whether it's lobbying is consistent with its expressed goals and in their best interests.
Blended Rationale: Whilst the company provides some information, a vote 'for' is warranted as it is a high spender in federal lobbying and greater transparency regarding the use of corporate funds in the legislative and regulatory processes, in particular it's payments towards lobbying, would allow shareholders to assess whether it's lobbying is consistent with its expressed goals and in their best interests.
Crystal International Group Limited Meeting Date: 06/05/2019 Country: Cayman Islands
Meeting Type: Annual Ticker: 2232
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
For For Elect Lo Lok Fung Kenneth as Director 3a
For For Elect Wong Sing Wah as Director 3b
For For Elect Griffiths Anthony Nigel Clifton as Director 3c
For For Authorize Board to Fix Remuneration of Directors
3d
For For Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration
4
For For Authorize Repurchase of Issued Share Capital 5
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Vote Summary Report Reporting Period: 06/01/2019 to 06/30/2019
Crystal International Group Limited Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
6
Voter Rationale: The share issuance limit exceeds 10% of current share capital
Blended Rationale: The share issuance limit exceeds 10% of current share capital
Against For Authorize Reissuance of Repurchased Shares 7
Voter Rationale: Discount limit is not disclosed
Blended Rationale: Discount limit is not disclosed
Detour Gold Corporation Meeting Date: 06/05/2019 Country: Canada
Meeting Type: Annual/Special Ticker: DGC
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Andre Falzon For For
For For Elect Director Steven Feldman 1.2
For For Elect Director Judy Kirk 1.3
For For Elect Director Michael McMullen 1.4
For For Elect Director Christopher Robison 1.5
For For Elect Direc