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Share Voting Activity 1 July 2014 to 31 December 2014
The Chief Minister, Treasury and Economic Development Directorate (CMTEDD) utilises the services of global proxy voting advisor, Institutional Shareholder Services (ISS) in relation to share voting for directly owned share investments. ISS provides research and voting recommendations on all company governance matters based on the ISS Sustainability Policy guidelines. The share voting services include the maintenance of a share voting database holding details of the share voting activity. This report provides details of the share voting activity for the period identified.
Publication Date: January 2015
Produced By: Asset Liability Management, Economic and Financial Group, Chief Minister, Treasury and Economic Development Directorate
Page | 1
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Table 1 –Antitakeover Related
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAdjourn Meeting 13 14 14 0 0 0 0 0 0 0 14 0 14 0Amend Articles/Charter
Governance-Related 1 1 0 1 0 0 0 0 0 0 0 1 1 0Authorize the Company to Call
EGM with Two Weeks Notice 23 23 23 0 0 0 0 0 0 0 23 0 23 0Reduce Supermajority Vote
Requirement 1 3 3 0 0 0 0 0 0 0 3 0 3 0
Renew Partial Takeover Provision 16 16 16 0 0 0 0 0 0 0 16 0 16 0Require Advance Notice for
Shareholder Proposals/Nominations 1 1 0 1 0 0 0 0 0 0 0 1 1 0
Totals for Antitakeover Related 55 58 56 2 0 0 0 0 0 0 56 2 58 0
Table 2 –Capitalization
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAmend Articles/Charter Equity-
Related 1 1 1 0 0 0 0 0 0 0 1 0 1 0Amend Articles/Charter to Reflect
Changes in Capital 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Approve Change-of-Control Clause 1 1 1 0 0 0 0 0 0 0 1 0 1 0Approve Issuance of Equity with or
without Preemptive Rights 6 6 5 1 0 0 0 0 0 0 5 1 6 0Approve Issuance of Equity without
Preemptive Rights 43 47 41 6 0 0 0 0 0 0 41 6 47 0Approve Issuance of Shares for a
Private Placement 6 6 4 2 0 0 0 0 0 0 4 2 6 0
Page | 2
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyApprove Issuance of
Warrants/Bonds without Preemptive Rights 2 2 1 1 0 0 0 0 0 0 1 1 2 0
Approve Issuance of Warrants/Convertible Debentures 4 4 4 0 0 0 0 0 0 0 4 0 4 0
Approve Reduction in Share Capital 10 10 10 0 0 0 0 0 0 0 10 0 10 0Approve Reduction/Cancellation of
Share Premium Account 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Reverse Stock Split 3 3 3 0 0 0 0 0 0 0 3 0 3 0Approve Shares for Private
Placement to Director/Executive 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Stock Split 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Authorize Board to Increase Capital 3 3 1 2 0 0 0 0 0 0 1 2 3 0Authorize Capital Increase for
Future Share Exchange Offers 2 2 1 1 0 0 0 0 0 0 1 1 2 0Authorize Capital Increase of up to
10 Percent 2 2 2 0 0 0 0 0 0 0 2 0 2 0Authorize Issuance of Equity with
Preemptive Rights 38 39 38 1 0 0 0 0 0 0 38 1 39 0Authorize Management Board to
Set Issue Price for 10 Percent 3 3 1 2 0 0 0 0 0 0 1 2 3 0Authorize Reissuance of
Repurchased Shares 5 5 3 2 0 0 0 0 0 0 3 2 5 0Authorize Share Repurchase
Program 50 52 48 4 0 0 0 0 0 0 48 4 52 0Authorize Share Repurchase
Program/Cancellation of Shares 1 1 1 0 0 0 0 0 0 0 1 0 1 0Authorize Share Repurchase
Program/Reissuance of Shares 2 2 1 1 0 0 0 0 0 0 1 1 2 0
Page | 3
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyCapitalize Reserves for Bonus
Issue/Increase in Par Value 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Company Specific - Equity Related 7 9 9 0 0 0 0 0 0 0 9 0 9 0
Eliminate Preemptive Rights 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Eliminate/Adjust Par Value of Stock 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Increase Authorized Common Stock 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Ratify Past Issuance of Shares 20 25 25 0 0 0 0 0 0 0 25 0 25 0
Set Limit for Capital Increases 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Totals for Capitalization 222 236 213 23 0 0 0 0 0 0 213 23 236 0
Table 3 –Directors Related
Action Meetings ProposalsVotes
ForVotes
AgainstVotes
AbstainVotes
Withhold DNV1 YR 2 YRS 3 YRS With
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAdopt Majority Voting for
Uncontested Election of Directors 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Amend Articles Board-Related 4 6 4 2 0 0 0 0 0 0 4 2 6 0Appoint Alternate Internal
Statutory Auditor(s) 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Appoint Internal Statutory Auditors 5 8 7 1 0 0 0 0 0 0 7 1 8 0
Approve Decrease in Size of Board 1 1 1 0 0 0 0 0 0 0 1 0 1 0Approve Director/Officer Liability
and Indemnification 4 5 4 1 0 0 0 0 0 0 4 1 5 0
Approve Discharge of Auditors 1 1 0 1 0 0 0 0 0 0 0 1 1 0Approve Discharge of Board and
President 2 2 2 0 0 0 0 0 0 0 2 0 2 0Approve Discharge of Directors and
Auditors 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Discharge of Management 10 10 9 0 0 0 1 0 0 0 9 0 9 0
Page | 4
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action Meetings ProposalsVotes
ForVotes
AgainstVotes
AbstainVotes
Withhold DNV1 YR 2 YRS 3 YRS With
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyBoard
Approve Discharge of Supervisory Board 5 5 4 0 0 0 1 0 0 0 4 0 4 0
Approve Executive Appointment 3 4 4 0 0 0 0 0 0 0 4 0 4 0Approve Remuneration of Directors
and/or Committee Members 15 16 16 0 0 0 0 0 0 0 16 0 16 0
Company Specific--Board-Related 13 13 1 12 0 0 0 0 0 0 13 0 13 0Dismiss/Remove
Director(s)/Auditor(s) (Non-contentious) 1 2 2 0 0 0 0 0 0 0 2 0 2 0
Elect Alternate/Deputy Directors 1 1 1 0 0 0 0 0 0 0 1 0 1 0Elect Board Chairman/Vice-
Chairman 1 1 1 0 0 0 0 0 0 0 1 0 1 0Elect Board Representative for
Holders of Savings Shares 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Elect Director 350 1628 1510 101 4 12 1 0 0 0 1510 117 1627 0
Elect Directors (Bundled) 2 2 1 0 0 0 1 0 0 0 1 0 1 0
Elect Directors (Management Slate) 1 8 0 0 0 0 8 0 0 0 0 0 0 0
Elect Supervisory Board Member 7 23 18 2 0 0 3 0 0 0 18 2 20 0
Eliminate Cumulative Voting 1 1 0 1 0 0 0 0 0 0 0 1 1 0Fix Number of Directors and/or
Auditors 1 1 1 0 0 0 0 0 0 0 1 0 1 0Indicate Personal Interest in
Proposed Agenda Item 7 7 0 7 0 0 0 0 0 0 7 0 7 0
Provide Proxy Access Right 1 2 1 0 0 0 1 0 0 0 1 0 1 0
Totals for Directors Related 440 1751 1591 128 4 12 16 0 0 0 1610 125 1735 0
Page | 5
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Table 4 –Non-Salary Compensation
Action Meetings ProposalsVotes
ForVotes
AgainstVotes
AbstainVotes
Withhold DNV1 YR 2 YRS 3 YRS With
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAdvisory Vote on Golden
Parachutes 7 7 4 3 0 0 0 0 0 0 4 3 7 0Advisory Vote on Say on Pay
Frequency 1 1 0 0 0 0 0 1 0 0 1 0 1 0Amend Articles/Charter
Compensation-Related 1 1 1 0 0 0 0 0 0 0 1 0 1 0Amend Non-Qualified Employee
Stock Purchase Plan 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Amend Omnibus Stock Plan 9 9 7 2 0 0 0 0 0 0 7 2 9 0Amend Qualified Employee Stock
Purchase Plan 6 6 6 0 0 0 0 0 0 0 6 0 6 0
Amend Restricted Stock Plan 3 3 3 0 0 0 0 0 0 0 3 0 3 0Amend Terms of Outstanding
Options 1 2 2 0 0 0 0 0 0 0 2 0 2 0Amend Terms of Severance
Payments to Executives 1 2 2 0 0 0 0 0 0 0 2 0 2 0
Approve Equity Plan Financing 1 1 0 1 0 0 0 0 0 0 0 1 1 0Approve Executive Share Option
Plan 10 10 5 5 0 0 0 0 0 0 5 5 10 0
Approve Executive/Director Loans 1 1 0 1 0 0 0 0 0 0 0 1 1 0Approve Increase Compensation
Ceiling for Directors 35 35 31 4 0 0 0 0 0 0 33 2 35 0Approve Non-Qualified Employee
Stock Purchase Plan 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Omnibus Stock Plan 10 10 10 0 0 0 0 0 0 0 10 0 10 0Approve Outside Director
Stock/Options in Lieu of Cash 1 4 2 2 0 0 0 0 0 0 2 2 4 0Approve Qualified Employee Stock
Purchase Plan 12 13 13 0 0 0 0 0 0 0 12 1 13 0
Page | 6
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action Meetings ProposalsVotes
ForVotes
AgainstVotes
AbstainVotes
Withhold DNV1 YR 2 YRS 3 YRS With
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyApprove Remuneration Policy 30 30 25 4 1 0 0 0 0 0 25 5 30 0
Approve Remuneration Report 315 326 284 39 2 0 1 0 0 0 285 40 325 0
Approve Remuneration of Directors 1 1 0 1 0 0 0 0 0 0 0 1 1 0
Approve Restricted Stock Plan 28 32 27 5 0 0 0 0 0 0 27 5 32 0
Approve Share Plan Grant 127 168 151 17 0 0 0 0 0 0 152 16 168 0
Approve Stock Option Plan Grants 9 20 7 13 0 0 0 0 0 0 8 12 20 0Approve Stock-for-Salary/Bonus
Plan 1 1 1 0 0 0 0 0 0 0 1 0 1 0Approve Stock/Cash Award to
Executive 2 3 3 0 0 0 0 0 0 0 3 0 3 0Approve or Amend Option Plan for
Overseas Employees 2 2 2 0 0 0 0 0 0 0 2 0 2 0Approve or Amend
Severance/Change-in-Control Agreements 16 16 14 2 0 0 0 0 0 0 14 2 16 0
Approve/Amend Bonus Matching Plan 1 1 0 1 0 0 0 0 0 0 0 1 1 0
Approve/Amend Deferred Share Bonus Plan 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve/Amend Executive Incentive Bonus Plan 8 8 8 0 0 0 0 0 0 0 8 0 8 0
Company-Specific Compensation-Related 6 7 6 1 0 0 0 0 0 0 6 1 7 0
Fix Maximum Variable Compensation Ratio 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Grant Equity Award to Third Party 3 11 11 0 0 0 0 0 0 0 11 0 11 0Totals for Non-Salary Compensation 652 735 629 101 3 0 1 1 0 0 634 100 734 0
Page | 7
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Table 5 –Preferred / Bondholder
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyCertification of Citizen Share
Representation 1 1 0 1 0 0 0 0 0 0 1 0 1 0If you are a Senior Officer as
defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against. 7 7 0 7 0 0 0 0 0 0 7 0 7 0
If you are an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against. 7 7 2 5 0 0 0 0 0 0 7 0 7 0
If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against. 5 5 0 5 0 0 0 0 0 0 5 0 5 0
Totals for Preferred / Bondholder 20 20 2 18 0 0 0 0 0 0 20 0 20 0
Table 6 –Reorganization and Mergers
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
Policy Amend Articles to: (Japan) 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Amend Articles/Bylaws/Charter – 1 3 3 0 0 0 0 0 0 0 3 0 3 0
Page | 8
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyOrganization-Related
Approve Affiliation Agreements with Subsidiaries 1 4 0 0 0 0 4 0 0 0 0 0 0 0
Approve Merger Agreement 13 14 13 1 0 0 0 0 0 0 13 1 14 0
Approve Merger by Absorption 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Plan of Liquidation 1 1 1 0 0 0 0 0 0 0 1 0 1 0Approve Pledging of Assets for
Debt 9 10 10 0 0 0 0 0 0 0 10 0 10 0
Approve Sale of Company Assets 3 3 3 0 0 0 0 0 0 0 3 0 3 0
Approve Scheme of Arrangement 6 6 5 1 0 0 0 0 0 0 5 1 6 0
Approve Spin-Off Agreement 2 2 1 0 0 0 1 0 0 0 1 0 1 0Approve Transaction with a Related
Party 2 8 8 0 0 0 0 0 0 0 8 0 8 0Approve/Amend Loan Guarantee
to Subsidiary 1 1 1 0 0 0 0 0 0 0 1 0 1 0Change Jurisdiction of
Incorporation 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Change of Corporate Form 1 1 1 0 0 0 0 0 0 0 1 0 1 0Company Specific Organization
Related 7 12 12 0 0 0 0 0 0 0 12 0 12 0Issue Shares in Connection with
Acquisition 21 41 40 1 0 0 0 0 0 0 40 1 41 0Totals for Reorganisation and Mergers 72 110 102 3 0 0 5 0 0 0 102 3 105 0
Table 7 – Routine / Business
Page | 9
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAccept Consolidated Financial
Statements/Statutory Reports 7 7 7 0 0 0 0 0 0 0 7 0 7 0
Page | 10
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAccept Financial Statements and
Statutory Reports 54 54 54 0 0 0 0 0 0 0 54 0 54 0Acknowledge Proper Convening of
Meeting 1 1 1 0 0 0 0 0 0 0 1 0 1 0Adopt New Articles of
Association/Charter 7 7 5 2 0 0 0 0 0 0 5 2 7 0Amend Articles/Bylaws/Charter --
Non-Routine 22 31 29 1 0 0 1 0 0 0 29 1 30 0Amend Articles/Bylaws/Charter –
Routine 4 4 3 1 0 0 0 0 0 0 3 1 4 0Approve Allocation of Income and
Dividends 17 17 15 1 0 0 1 0 0 0 15 1 16 0Approve Auditors and their
Remuneration 19 19 18 1 0 0 0 0 0 0 18 1 19 0Approve Change of Fundamental
Investment Policy 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Dividends 39 40 40 0 0 0 0 0 0 0 40 0 40 0Approve Financials/Income
Allocation/Director Discharge 2 2 2 0 0 0 0 0 0 0 2 0 2 0Approve Minutes of Previous
Meeting 2 2 1 0 0 0 1 0 0 0 1 0 1 0
Approve Political Donations 22 22 22 0 0 0 0 0 0 0 22 0 22 0Approve Remuneration of Directors
and Auditors 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Approve Special Auditors Report 5 5 3 2 0 0 0 0 0 0 3 2 5 0
Approve Special/Interim Dividends 1 3 3 0 0 0 0 0 0 0 3 0 3 0Approve Standard Accounting
Transfers 4 4 4 0 0 0 0 0 0 0 4 0 4 0
Approve Stock Dividend Program 3 3 3 0 0 0 0 0 0 0 3 0 3 0Approve/Amend Regulations on
General Meetings 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Page | 11
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAuthorize Board to Fix
Remuneration of External Auditor(s) 37 37 37 0 0 0 0 0 0 0 37 0 37 0
Authorize Board to Ratify and Execute Approved Resolutions 4 5 5 0 0 0 0 0 0 0 5 0 5 0
Authorize Filing of Required Documents/Other Formalities 8 9 9 0 0 0 0 0 0 0 9 0 9 0
Change Company Name 7 8 8 0 0 0 0 0 0 0 8 0 8 0Change Date/Location of Annual
Meeting 3 3 3 0 0 0 0 0 0 0 3 0 3 0
Change Fiscal Year End 1 1 0 0 0 0 1 0 0 0 0 0 0 0Change Location of Registered
Office/Headquarters 1 1 1 0 0 0 0 0 0 0 1 0 1 0Designate Inspector of Mtg
Minutes 2 2 1 0 0 0 1 0 0 0 1 0 1 0
Designate X as Independent Proxy 4 4 4 0 0 0 0 0 0 0 4 0 4 0
Elect Chairman of Meeting 1 1 1 0 0 0 0 0 0 0 1 0 1 0Elect Members of Nominating
Committee 2 2 0 1 0 0 1 0 0 0 0 1 1 0Elect Members of Remuneration
Committee 3 10 7 3 0 0 0 0 0 0 7 3 10 0Miscellaneous Proposal: Company-
Specific 2 2 2 0 0 0 0 0 0 0 2 0 2 0
Other Business 5 5 0 5 0 0 0 0 0 0 0 5 5 0Prepare and Approve List of
Shareholders 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Ratify Alternate Auditor 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Ratify Auditors 120 123 119 1 0 0 3 0 0 0 119 1 120 0Receive Financial Statements and
Statutory Reports 1 1 1 0 0 0 0 0 0 0 1 0 1 0
Page | 12
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyTotals for Routine / Business 415 440 413 18 0 0 9 0 0 0 413 18 431 0
Page | 13
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Table 8 –Shareholder - Compensation
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyApprove Report of the
Compensation Committee 1 1 1 0 0 0 0 0 0 0 0 1 1 0Company-Specific--Compensation-
Related 2 4 4 0 0 0 0 0 0 0 0 4 4 0Limit/Prohibit Accelerated Vesting
of Awards 2 2 2 0 0 0 0 0 0 0 0 2 2 0Non-Employee Director
Compensation 1 1 0 1 0 0 0 0 0 0 1 0 1 0
Stock Retention/Holding Period 1 1 1 0 0 0 0 0 0 0 0 1 1 0Totals for Shareholder - Compensation 7 9 8 1 0 0 0 0 0 0 1 8 9 0
Table 9 –Shareholder – Corporate Governance
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyProvide for Confidential Vote Tally 3 3 0 3 0 0 0 0 0 0 3 0 3 0Totals for Shareholder – Corporate Governance 3 3 0 3 0 0 0 0 0 0 3 0 3 0
Table 10 –Shareholder – Directors Related
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAdopt Proxy Access Right 4 4 1 3 0 0 0 0 0 0 3 1 4 0Appoint Alternate Internal
Statutory Auditor(s) 1 2 1 1 0 0 0 0 0 0 2 0 2 0
Page | 14
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Elect Directors (Opposition Slate) 1 12 12 0 0 0 0 0 0 0 12 0 12 0Elect Supervisory Board Members
(Bundled) 1 2 1 0 0 0 1 0 0 0 1 0 1 0Elect a Shareholder-Nominee to
the Board 9 11 2 9 0 0 0 0 0 0 9 2 11 0Establish Environmental/Social
Issue Board Committee 2 2 0 2 0 0 0 0 0 0 2 0 2 0Provide Right to Act by Written
Consent 1 1 1 0 0 0 0 0 0 0 0 1 1 0
Removal of Existing Board Directors 1 1 0 1 0 0 0 0 0 0 1 0 1 0Require a Majority Vote for the
Election of Directors 2 2 2 0 0 0 0 0 0 0 0 2 2 0Totals for Shareholder – Directors Related 22 37 20 16 0 0 1 0 0 0 30 6 36 0
Table 11 –Shareholder – Health / Environment
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyGHG Emissions 1 1 1 0 0 0 0 0 0 0 0 1 1 0Genetically Modified Organisms
(GMO) 2 2 0 2 0 0 0 0 0 0 2 0 2 0
Recycling 3 3 3 0 0 0 0 0 0 0 0 3 3 0
Sustainability Report 2 2 0 2 0 0 0 0 0 0 2 0 2 0Totals for Shareholder – Health / Environment 8 8 4 4 0 0 0 0 0 0 4 4 8 0
Table 12 –Shareholder – Other / Miscellaneous
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyPolitical Activities and Action 1 1 0 1 0 0 0 0 0 0 1 0 1 0
Page | 15
Meeting-Level Statistical Issues Summary (SIS) ReportReport was run from: 7/1/14 to 12/31/14
Political Contributions and Lobbying 7 8 7 0 0 0 1 0 0 0 1 6 7 0
Political Lobbying Disclosure 1 2 1 0 0 0 1 0 0 0 1 0 1 0Totals for Shareholder – Other / Miscellaneous 9 11 8 1 0 0 2 0 0 0 3 6 9 0
Table 13 –Shareholder – Routine / Business
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyAmend Articles/Bylaws/Charter --
Non-Routine 1 1 1 0 0 0 0 0 0 0 0 1 1 0Approve Allocation of
Income/Distribution Policy 1 1 0 1 0 0 0 0 0 0 1 0 1 0
Company-Specific -- Miscellaneous 1 1 1 0 0 0 0 0 0 0 1 0 1 0Totals for Shareholder – Routine / Business 3 3 2 1 0 0 0 0 0 0 2 1 3 0
Table 14 – Totals for the Report
Action MeetingsProposal
sVotes
ForVotes
AgainstVotes
Abstain
Votes Withhol
d
DNV 1 YR 2 YRS 3 YRSWith
MgmtAgainst
MgmtWith
PolicyAgainst
PolicyTotals for the Report 429 3421 3048 319 7 12 34 1 0 0 3091 296 3387 0
Page | 16