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Voting October 2017
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.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Bank Leumi le-Israel B.M.
Meeting Date: 10/03/2017 Country: Israel
Meeting Type: Annual Ticker: LUMI
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Reappoint Somekh Chaikin and Kost Forer Gabbay and Kasierer as Joint Auditors and
Authorize Board to Fix Their Remuneration
2
For For Reelect Samer Haj Yehia as Director 3
Against For Elect David Zvilichovsky as Director 4
Voter Rationale: Samer Haj Yehia has board experience and can only vote for one of the two candidates
Against For Reelect Haim Levy as External Director under
Regulation 301
5
Voter Rationale: Tzipora Samet has board experience and can only vote for one of the two candidates
For For Reelect Tzipora Samet as External Director 6
Against None Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
A
Voter Rationale: Administrative
Against None If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR.
Otherwise, vote against.
B1
Voter Rationale: Administrative
Against None If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.
B2
Voter Rationale: Administrative
For None 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.
B3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Reappoint Somekh Chaikin and Kost Forer Gabbay and Kasierer as Joint Auditors and
Authorize Board to Fix Their Remuneration
2
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Bank Leumi le-Israel B.M. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Reelect Samer Haj Yehia as Director 3
Against For Reelect Haim Levy as External Director under
Regulation 301
5
Voter Rationale: Tzipora Samet has board experience and can only vote for one of the two candidates
For For Reelect Tzipora Samet as External Director 6
Against None Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation
to your account manager
A
Voter Rationale: Administrative
Against None If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR.
Otherwise, vote against.
B1
Voter Rationale: Administrative
Against None If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.
B2
Voter Rationale: Administrative
For None 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.
B3
Forestar Group Inc.
Meeting Date: 10/03/2017 Country: USA
Meeting Type: Special Ticker: FOR
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Merger Agreement For For
Against For Advisory Vote on Golden Parachutes 2
Voter Rationale: We do not support golden parachutes
For For Adjourn Meeting 3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hargreaves Services Plc
Meeting Date: 10/03/2017 Country: United Kingdom
Meeting Type: Annual Ticker: HSP
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 Re-elect David Morgan as Director 4
For For Re-elect Nigel Halkes as Director 5
For For Reappoint KPMG LLP as Auditors 6
For For Authorise Board to Fix Remuneration of Auditors 7
For For Authorise Issue of Equity with Pre-emptive Rights
8
For For Authorise Issue of Equity without Pre-emptive Rights
9
For For Authorise Market Purchase of Ordinary Shares 10
U.S. Physical Therapy, Inc.
Meeting Date: 10/03/2017 Country: USA
Meeting Type: Annual Ticker: USPH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Jerald L. Pullins For For
For For Elect Director Christopher J. Reading 1.2
For For Elect Director Lawrance W. McAfee 1.3
For For Elect Director Mark J. Brookner 1.4
For For Elect Director Harry S. Chapman 1.5
For For Elect Director Bernard A. Harris, Jr. 1.6
For For Elect Director Edward L. Kuntz 1.7
For For Elect Director Reginald E. Swanson 1.8
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
U.S. Physical Therapy, Inc. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Withhold For Elect Director Clayton K. Trier 1.9
Voter Rationale: As head of audit committee, responsible for monitoring internal controls
Against For Advisory Vote to Ratify Named Executive
Officers' Compensation
2
Voter Rationale: There are no stock ownership guidelines and the change-in-control agreement is single trigger with no clawback policy
Against For Ratify Grant Thornton LLP as Auditors 3
Voter Rationale: Failed to identify material misstatements in the accounts
One Year One Year Advisory Vote on Say on Pay Frequency 4
CATCo Reinsurance Opportunities Fund Ltd.
Meeting Date: 10/04/2017 Country: Bermuda
Meeting Type: Special Ticker: CAT
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Authorise Issue of Equity without Pre-emptive
Rights For Against
Voter Rationale: The proposed amount exceeds recommended limit of 10 percent of issued share capital.
East Balkan Properties plc
Meeting Date: 10/04/2017 Country: Isle of Man
Meeting Type: Annual Ticker: EBP
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration of Directors 2
For For Ratify Baker Tilly as Auditors 3
For For Authorise Board to Fix Remuneration of Auditors 4
For For Re-elect Graham Smith as Director 5
For For Authorise Company to Proceed with the Capital Reorganisation
6
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
East Balkan Properties plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise Issue of Equity with Pre-emptive
Rights
7
Artemis Alpha Trust plc
Meeting Date: 10/05/2017 Country: United Kingdom
Meeting Type: Annual Ticker: ATS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Policy 2
For For Approve Remuneration Report 3
For For Re-elect Duncan Budge as Director 4
For For Re-elect John Ayton as Director 5
For For Re-elect Blathnaid Bergin as Director 6
For For Re-elect Tom Cross Brown as Director 7
For For Elect Jamie Korner as Director 8
For For Reappoint KPMG LLP as Auditors and Authorise Their Remuneration
9
For For Authorise Issue of Equity with Pre-emptive Rights
10
For For Authorise Issue of Equity without Pre-emptive Rights
11
For For Authorise Market Purchase of Ordinary Shares 12
Atwood Oceanics, Inc.
Meeting Date: 10/05/2017 Country: USA
Meeting Type: Special Ticker: ATW
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Merger Agreement For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Atwood Oceanics, Inc. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Advisory Vote on Golden Parachutes 2
Voter Rationale: not in shareholders best interests.
For For Adjourn Meeting 3
Ensco plc
Meeting Date: 10/05/2017 Country: United Kingdom
Meeting Type: Special Ticker: ESV
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Merger Agreement For For
For For Authorize Issue of Equity with Pre-emptive Rights
2
For For Authorize Issue of Equity without Pre-emptive Rights
3
For For Authorize Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or
Other Capital Investment
4
Everyman Media Group plc
Meeting Date: 10/05/2017 Country: United Kingdom
Meeting Type: Special Ticker: EMAN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of Equity in Connection with the
Placing
For For
For For Authorise Issue of Equity without Pre-emptive
Rights in Connection with the Placing
2
JD Sports Fashion plc
Meeting Date: 10/05/2017 Country: United Kingdom
Meeting Type: Special Ticker: JD.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
JD Sports Fashion plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Acquisition of Ordinary Shares in the Capital of JD Sprinter Holdings 2010, S.L. from Balaiko Firaja Invest, S.L
For For
Symantec Corporation
Meeting Date: 10/05/2017 Country: USA
Meeting Type: Annual Ticker: SYMC
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1a Elect Director Gregory S. Clark For For
For For Elect Director Frank E. Dangeard 1b
For For Elect Director Kenneth Y. Hao 1c
For For Elect Director David W. Humphrey 1d
For For Elect Director Geraldine B. Laybourne 1e
For For Elect Director David L. Mahoney 1f
For For Elect Director Robert S. Miller 1g
For For Elect Director Anita M. Sands 1h
For For Elect Director Daniel H. Schulman 1i
For For Elect Director V. Paul Unruh 1j
For For Elect Director Suzanne M. Vautrinot 1k
For For Ratify KPMG LLP as Auditors 2
For For Amend Omnibus Stock Plan 3
For For Advisory Vote to Ratify Named Executive Officers' Compensation
4
One Year One Year Advisory Vote on Say on Pay Frequency 5
Against Against Provide For Confidential Running Vote Tallies On Executive Pay Matters
6
Against Against Adopt Share Retention Policy For Senior Executives
7
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
The Henderson Smaller Companies Investment Trust plc
Meeting Date: 10/05/2017 Country: United Kingdom
Meeting Type: Annual Ticker: HSL
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Policy 2
For For Approve Remuneration Report 3
For For Approve Final Dividend 4
For For Re-elect Jamie Cayzer-Colvin as Director 5
For For Re-elect Beatrice Hollond as Director 6
For For Re-elect David Lamb as Director 7
For For Re-elect Victoria Sant as Director 8
For For Re-elect Mary Sieghart as Director 9
For For Reappoint PricewaterhouseCoopers LLP as Auditors
10
For For Authorise Board to Fix Remuneration of Auditors 11
For For Authorise Issue of Equity with Pre-emptive Rights
12
For For Authorise Issue of Equity without Pre-emptive Rights
13
For For Authorise Purchase of the Preference Stock 14
For For Authorise Market Purchase of Ordinary Shares 15
For For Authorise the Company to Call General Meeting with Two Weeks' Notice
16
National Beverage Corp.
Meeting Date: 10/06/2017 Country: USA
Meeting Type: Annual Ticker: FIZZ
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Nick A. Caporella For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
National Beverage Corp. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Advisory Vote to Ratify Named Executive
Officers' Compensation
2
Voter Rationale: Lack of disclosure, no clawback policy and no stock ownership guidelines. We do not support possible acceleration of options.
One Year Three Years Advisory Vote on Say on Pay Frequency 3
Voter Rationale: A vote for the adoption of an ANNUAL say-on-pay frequency is warranted.
Palace Capital Plc
Meeting Date: 10/06/2017 Country: United Kingdom
Meeting Type: Special Ticker: PCA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of Equity in Respect of the Placing and Open Offer
For For
For For Authorise Issue of Equity with Pre-emptive Rights
2
For For Authorise Issue of Equity without Pre-emptive Rights in Respect of the Placing and Open
Offer
3
For For Authorise Issue of Equity without Pre-emptive Rights
4
Infosys Ltd.
Meeting Date: 10/07/2017 Country: India
Meeting Type: Special Ticker: INFY
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Buy Back of Equity Shares For For
For For Elect D. Sundaram as Director 2
For For Elect Nandan M. Nilekani as Director 3
For For Approve Appointment of U. B. Pravin Rao as
Managing Director
4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
China Construction Bank Corporation
Meeting Date: 10/09/2017 Country: China
Meeting Type: Special Ticker: 939
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Tian Guoli and Authorize the Remuneration Committee to Fix His
Remuneration
For For
Ets Franz Colruyt
Meeting Date: 10/09/2017 Country: Belgium
Meeting Type: Special Ticker: COLR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
I.3 Approve Employee Stock Purchase Plan Up To
1,000,000 Shares
For For
For For Approve Fixing of the Price of Shares to Be
Issued
I.4
For For Eliminate Preemptive Rights Re: Item I.3 I.5
For For Approve Increase of Capital following Issuance of Equity without Preemptive Rights Re: Item I.3
I.6
For For Approve Subscription Period Re: Item I.3 I.7
For For Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry
I.8
Against For Authorize Board to Repurchase Shares in the Event of a Serious and Imminent Harm and Under Normal Conditions
II.1
Voter Rationale: Could be used for anti-takeover purposes.
Against For Authorize Reissuance of Repurchased Shares Re: Item II.1
II.2
Voter Rationale: Could be used for anti-takeover purposes.
Against For Authorize Board to Reissue Repurchased Shares in order to Prevent a Serious and Imminent
Harm
II.3
Voter Rationale: Could be used for anti-takeover purposes.
For For Amend Articles Re: Cancellation and Removal of
VVPR Strips
III
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Ets Franz Colruyt Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorize Implementation of Approved
Resolutions
IV
Infosys Ltd.
Meeting Date: 10/09/2017 Country: India
Meeting Type: Special Ticker: INFY
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Buy Back of Equity Shares For Against
Voter Rationale: it is not possible for ADS holders without local access to participate
For For Elect D. Sundaram as Director 2
For For Elect Nandan M. Nilekani as Director 3
For For Approve Appointment of U. B. Pravin Rao as Managing Director
4
LXB Retail Properties Plc
Meeting Date: 10/09/2017 Country: Jersey
Meeting Type: Special Ticker: LXB
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles of Association For For
Anhui Conch Cement Company Ltd
Meeting Date: 10/10/2017 Country: China
Meeting Type: Special Ticker: 914
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Wu Xiaoming as Supervisor For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
BGP Holdings Plc
Meeting Date: 10/10/2017 Country: Malta
Meeting Type: Annual Ticker: N/A
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Auditors 2
For For Adopt New Articles of Association 3
COSCO Shipping Energy Transportation Co., Ltd.
Meeting Date: 10/10/2017 Country: China
Meeting Type: Special Ticker: 1138
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Huang Xiaowen as Director and Approve
His Service Contract
For For
Kennedy Wilson Europe Real Estate Plc
Meeting Date: 10/10/2017 Country: Jersey
Meeting Type: Special Ticker: KWE
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Matters Relating to the Merger of Kennedy Wilson Europe Real Estate plc and
Kennedy-Wilson Holdings, Inc.
For For
Kennedy Wilson Europe Real Estate Plc
Meeting Date: 10/10/2017 Country: Jersey
Meeting Type: Court Ticker: KWE
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Kennedy Wilson Europe Real Estate Plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Scheme of Arrangement For For
Raven Russia Ltd
Meeting Date: 10/10/2017 Country: United Kingdom
Meeting Type: Special Ticker: RUS
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Tender Offer For For
The Procter & Gamble Company
Meeting Date: 10/10/2017 Country: USA
Meeting Type: Proxy Contest Ticker: PG
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Nelson Peltz For For
For For Management Nominee Francis S. Blake 1.2
For For Management Nominee Angela F. Braly 1.3
For For Management Nominee Amy L. Chang 1.4
For For Management Nominee Kenneth I. Chenault 1.5
For For Management Nominee Scott D. Cook 1.6
For For Management Nominee Terry J. Lundgren 1.7
For For Management Nominee W. James McNerney, Jr. 1.8
For For Management Nominee David S. Taylor 1.9
For For Management Nominee Margaret C. Whitman 1.10
For For Management Nominee Patricia A. Woertz 1.11
For None Ratify Deloitte & Touche LLP as Auditors 2
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
The Procter & Gamble Company Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For None Advisory Vote to Ratify Named Executive
Officers' Compensation
3
One Year None Advisory Vote on Say on Pay Frequency 4
Abstain None Adopt Holy Land Principles 5
Voter Rationale: The resolution is prescriptive and we believe that management are best placed to determine the best way to manage potential human rights. The company already provides detailed disclosure about its human rights and labour practices.
Against None Report on Company Non-Discrimination Policies in States with Pro-Discrimination Laws
6
Voter Rationale: The proponent requests that the company publicly report on potential risks and costs to the company caused by any state policies supporting discrimination against LGBT individuals and details of how a company would defend against this within 6 months of the AGM. Th company already demonstrates a clear commitment to diversity and anti-discrimination through its code of conduct and human rights policy.
Against None Report on Risks of Doing Business in Conflict-Affected Areas
7
Voter Rationale: The resolution is similar to item 5 on the same ballot. The resolution asks for more disclosure about the company's operations in the West Bank. The company already provides detailed disclosure about its human rights and labour practices.
For For Repeal Any Amendments to Code of Regulations Adopted After April 8, 2016
8
Troy Resources Limited
Meeting Date: 10/10/2017 Country: Australia
Meeting Type: Special Ticker: TRY
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Gregory Paul Foulis as Director Against Against
Against Against Elect Russell Lee Scott Middleton as Director 2
Against Against Elect Jeffrey Wayne Williams as Director 3
Against Against Remove John Load Cecil Jones as Director 4
Against Against Remove Peter Andrew Stern as Director 5
Troy Resources Limited
Meeting Date: 10/10/2017 Country: Australia
Meeting Type: Special Ticker: TRY
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Troy Resources Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Ratify Past Issuance of Shares to Investec Bank
Plc
For For
For For Ratify Past Issuance of Options to Investec Bank
Plc
2
For For Approve Issuance of Shares to Professional and
Sophisticated Investors
3
UNICAJA BANCO S.A.
Meeting Date: 10/10/2017 Country: Spain
Meeting Type: Special Ticker: UNI
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Commitment of Guarantee of Obligations Assumed by Subsidiary Banco de Caja Espana de Inversiones, Salamanca y Soria SA (EspanaDuero)
For For
Berjaya Sports Toto Berhad
Meeting Date: 10/11/2017 Country: Malaysia
Meeting Type: Annual Ticker: BJTOTO
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Directors' Fees For For
For For Approve Remuneration of Directors (Excluding
Directors' Fees)
2
For For Elect Seow Swee Pin as Director 3
For For Elect Oon Weng Boon as Director 4
For For Elect Dickson Tan Yong Loong as Director 5
For For Approve Ernst & Young as Auditors and
Authorize Board to Fix Their Remuneration
6
For For Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
7
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Berjaya Sports Toto Berhad Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions
8
For For Authorize Share Repurchase Program 9
Bluescope Steel Ltd.
Meeting Date: 10/11/2017 Country: Australia
Meeting Type: Annual Ticker: BSL
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve the Remuneration Report For Against
Voter Rationale: The incentive plans allow re-testing of performance conditions.
For For Elect John Bevan as Director 3a
For For Elect Penny Bingham-Hall as Director 3b
For For Elect Rebecca Dee-Bradbury as Director 3c
For For Elect Jennifer Lambert as Director 3d
For For Approve Renewal of Proportional Takeover Provisions
4
For For Approve the Grant of Share Rights to Mark Vassella
5
For For Approve the Grant of Alignment Rights to Mark Vassella
6
CK Asset Holdings Limited
Meeting Date: 10/11/2017 Country: Cayman Islands
Meeting Type: Special Ticker: 1113
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Joint Venture Transaction For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
CK Infrastructure Holdings Limited
Meeting Date: 10/11/2017 Country: Bermuda
Meeting Type: Special Ticker: 1038
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve the Joint Venture Formation Agreement and Related Transactions
For For
Hargreaves Lansdown plc
Meeting Date: 10/11/2017 Country: United Kingdom
Meeting Type: Annual Ticker: HL.
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 Remuneration Report 3
For For Approve Remuneration Policy 4
For For Reappoint PricewaterhouseCoopers LLP as
Auditors
5
For For Authorise Board to Fix Remuneration of Auditors 6
For For Re-elect Mike Evans as Director 7
For For Re-elect Christopher Hill as Director 8
For For Elect Philip Johnson as Director 9
For For Re-elect Christopher Barling as Director 10
For For Re-elect Stephen Robertson as Director 11
For For Re-elect Shirley Garrood as Director 12
For For Re-elect Jayne Styles as Director 13
For For Elect Fiona Clutterbuck as Director 14
For For Elect Roger Perkin as Director 15
For For Authorise Market Purchase or Ordinary Shares 16
For For Authorise Issue of Equity with Pre-emptive
Rights
17
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hargreaves Lansdown plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise Issue of Equity without Pre-emptive
Rights
18
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
19
For For Approve Performance Plan 20
Paychex, Inc.
Meeting Date: 10/11/2017 Country: USA
Meeting Type: Annual Ticker: PAYX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director B. Thomas Golisano For For
For For Elect Director Thomas F. Bonadio 1b
For For Elect Director Joseph G. Doody 1c
For For Elect Director David J.S. Flaschen 1d
For For Elect Director Phillip Horsley 1e
For For Elect Director Grant M. Inman 1f
For For Elect Director Martin Mucci 1g
For For Elect Director Joseph M. Tucci 1h
For For Elect Director Joseph M. Velli 1i
For For Elect Director Kara Wilson 1j
For For Advisory Vote to Ratify Named Executive Officers' Compensation
2
One Year One Year Advisory Vote on Say on Pay Frequency 3
For For Ratify PricewaterhouseCoopers LLP as Auditors 4
Van LanschotKempen NV
Meeting Date: 10/11/2017 Country: Netherlands
Meeting Type: Special Ticker: VLK
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Van LanschotKempen NV
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
3a Increase Par Value to EUR 2 Per Share For For
For For Approve Reduction in Share Capital with
Repayment to Shareholders
3b
Idea Cellular Ltd
Meeting Date: 10/12/2017 Country: India
Meeting Type: Court Ticker: IDEA
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Composite Scheme of Amalgamation and Arrangement
For For
Kennedy-Wilson Holdings, Inc.
Meeting Date: 10/12/2017 Country: USA
Meeting Type: Special Ticker: KW
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Issue Shares in Connection with Acquisition For For
For For Adjourn Meeting 2
Magellan Financial Group
Meeting Date: 10/12/2017 Country: Australia
Meeting Type: Annual Ticker: MFG
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Approve Remuneration Report For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Magellan Financial Group Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Robert Darius Fraser as Director 3a
For For Elect Karen Leslie Phin as Director 3b
For For Elect John Anthony Eales as Director 3c
For For Approve Issuance of Shares to John Eales
Under the Share Purchase Plan
4a
For For Approve Provision of Financial Assistance to
John Eales
4b
For For Approve Grant of Related Party Benefits to John
Eales
4c
For None Approve the Increase in Maximum Aggregate
Remuneration of Non-Executive Directors
5
Sky plc
Meeting Date: 10/12/2017 Country: United Kingdom
Meeting Type: Annual Ticker: SKY
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Policy 2
Against For Approve Remuneration Report 3
Voter Rationale: Lack of disclosure on targets.
For For Re-elect Jeremy Darroch as Director 4
For For Re-elect Andrew Griffith as Director 5
Against For Re-elect Tracy Clarke as Director 6
Voter Rationale: Continued issues with remuneration.
For For Re-elect Martin Gilbert as Director 7
For For Re-elect Adine Grate as Director 8
For For Re-elect Matthieu Pigasse as Director 9
For For Re-elect Andy Sukawaty as Director 10
For For Elect Katrin Wehr-Seiter as Director 11
Against For Re-elect James Murdoch as Director 12
Voter Rationale: Conflicts of interest issues
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Sky plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Re-elect Chase Carey as Director 13
For For Re-elect John Nallen as Director 14
For For Reappoint Deloitte LLP as Auditors and
Authorise Their Remuneration
15
For For Authorise EU Political Donations and
Expenditure
16
For For Authorise Issue of Equity with Pre-emptive
Rights
17
For For Authorise Issue of Equity without Pre-emptive
Rights
18
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
19
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
20
Transurban Group
Meeting Date: 10/12/2017 Country: Australia
Meeting Type: Annual Ticker: TCL
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2a Elect Jane Wilson as Director For For
For For Elect Neil Chatfield as Director 2b
For For Elect Robert Edgar as Director 2c
Against For Approve the Remuneration Report 3
Voter Rationale: High fixed salary for CEO compared to peers as well as a lack of disclosure around performance targets.
For For Approve Grant of Performance Awards to Scott Charlton
4
Civitas Social Housing plc
Meeting Date: 10/13/2017 Country: United Kingdom
Meeting Type: Special Ticker: CSH
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Civitas Social Housing plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of C Shares Pursuant to the
Issue
For For
For For Authorise Issue of C Shares without Pre-emptive
Rights Pursuant to the Issue
2
For For Authorise Market Purchase of C Shares; Approve Cancellation of Share Premium Account of the C Share Pool; Adopt New Articles of
Association
3
Dongbu Insurance Co.
Meeting Date: 10/13/2017 Country: South Korea
Meeting Type: Special Ticker: A005830
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Articles of Incorporation For For
RMP Energy Inc.
Meeting Date: 10/13/2017 Country: Canada
Meeting Type: Special Ticker: RMP
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Sale of Certain Company Assets to
Tangle Creek Energy Ltd.
For For
For For Change Company Name to Iron Bridge
Resources Inc.
2
Sino-Ocean Group Holding Limited
Meeting Date: 10/13/2017 Country: Hong Kong
Meeting Type: Special Ticker: 3377
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Sino-Ocean Group Holding Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Lam Sin Lai Judy as Director and Authorize
Board to Fix Her Remuneration
For For
Against For Adopt New Articles of Association and Related
Transactions
2
Voter Rationale: A vote AGAINST this resolution is warranted given that the proposed new Articles would grant nonindependent directors undue influence over the board's written resolution
Uchida Yoko Co. Ltd.
Meeting Date: 10/14/2017 Country: Japan
Meeting Type: Annual Ticker: 8057
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Allocation of Income, with a Final Dividend of JPY 75
For Against
Voter Rationale: The alternative proposal on dividends in Item 4 merits support.
For For Elect Director Kashihara, Takashi 2.1
For For Elect Director Okubo, Noboru 2.2
For For Elect Director Akiyama, Shingo 2.3
For For Elect Director Takai, Shoichiro 2.4
For For Elect Director Kikuchi, Masao 2.5
For For Elect Director Hayashi, Toshiji 2.6
For For Elect Director Hirose, Hidenori 2.7
For For Elect Director Takemata, Kuniharu 2.8
For Against Amend Articles to Dispose of Cross-Holding Shares by July 2018
3
Voter Rationale: The company fails to explain the benefits specifically expected from cross-shareholdings and investment in shares, against the demerits.
For Against Approve Alternate Income Allocation 4
Voter Rationale: Given the firm's position in cash and equivalents and long-term securities, the additional payment should be achievable without causing problems for the company's financial health.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Aeon REIT Investment Corp.
Meeting Date: 10/16/2017 Country: Japan
Meeting Type: Special Ticker: 3292
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Articles to Reflect Changes in Law For For
For For Elect Executive Director Shiozaki, Yasuo 2
For For Elect Alternate Executive Director Tsukahara, Keiji
3.1
For For Elect Alternate Executive Director Togawa, Akifumi
3.2
For For Elect Supervisory Director Abo, Chiyu 4.1
For For Elect Supervisory Director Seki, Yoko 4.2
AFFIN Holdings Berhad
Meeting Date: 10/16/2017 Country: Malaysia
Meeting Type: Special Ticker: AFFIN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Distribution of Entire Shareholdings in Affin Bank Berhad After the Completion of the Proposed Reorganization By Way of
Distribution-in-Specie
For For
For For Approve Issuance of 2 New Ordinary Shares to
Affin Bank Nerhad
2
For For Amend Constitution 3
For For Approve Transfer of Listing Status 4
Sinotrans Ltd.
Meeting Date: 10/16/2017 Country: China
Meeting Type: Special Ticker: 598
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Sinotrans Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Acquisition Agreement and Related
Transactions
For For
Sinotrans Ltd.
Meeting Date: 10/16/2017 Country: China
Meeting Type: Special Ticker: 598
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Acquisition Agreement and Related Transactions
For For
AEW UK REIT plc
Meeting Date: 10/17/2017 Country: United Kingdom
Meeting Type: Special Ticker: AEWU
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of Equity Pursuant to the Share
Issuance Programme
For For
For For Authorise Issue of Equity without Pre-emptive Rights Pursuant to the Share Issuance Programme
2
For For Approve Changes to Company's Investment
Policy
3
Cintas Corporation
Meeting Date: 10/17/2017 Country: USA
Meeting Type: Annual Ticker: CTAS
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Cintas Corporation
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director Gerald S. Adolph For For
For For Elect Director John F. Barrett 1b
For For Elect Director Melanie W. Barstad 1c
For For Elect Director Robert E. Coletti 1d
For For Elect Director Richard T. Farmer 1e
For For Elect Director Scott D. Farmer 1f
For For Elect Director James J. Johnson 1g
For For Elect Director Joseph Scaminace 1h
For For Elect Director Ronald W. Tysoe 1i
For For Advisory Vote to Ratify Named Executive
Officers' Compensation
2
One Year One Year Advisory Vote on Say on Pay Frequency 3
For For Ratify Ernst & Young LLP as Auditors 4
Cochlear Ltd.
Meeting Date: 10/17/2017 Country: Australia
Meeting Type: Annual Ticker: COH
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1.1 Approve Financial Statements and Reports of the Directors and Auditors
For For
For For Approve Remuneration Report 2.1
For For Elect Andrew Denver as Director 3.1
For For Elect Rick Holliday-Smith as Director 3.2
For For Elect Bruce Robinson as Director 3.3
For For Approve Grant of Securities to Dig Howitt 4.1
For None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5.1
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Intertrust NV
Meeting Date: 10/17/2017 Country: Netherlands
Meeting Type: Special Ticker: INTER
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Elect H.P. van Asselt to Management Board For For
For For Elect P.J. Willing to Supervisory Board 3a
For For Elect C.E. Lambkin to Supervisory Board 3b
Lewis Group Ltd
Meeting Date: 10/17/2017 Country: South Africa
Meeting Type: Annual Ticker: LEW
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Re-elect David Nurek as Director For For
For For Elect Adheera Bodasing as Director 1.2
For For Elect Daphne Motsepe as Director 1.3
For For Re-elect Hilton Saven as Member of the Audit
Committee
2.1
For For Re-elect David Nurek as Member of the Audit
Committee
2.2
For For Re-elect Alan Smart as Member of the Audit
Committee
2.3
For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company with Allison Legge as the Designated Auditor
3
For For Approve Remuneration Policy 1
For For Approve Implementation Report 2
For For Approve Non-executive Directors' Fees 1
For For Authorise Continued Issuance of Notes under the Company's Domestic Medium Term Notes Programme
2
For For Approve Financial Assistance in Terms of
Sections 44 and 45 of the Companies Act
3
For For Authorise Repurchase of Issued Share Capital 4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Lewis Group Ltd Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise Ratification of Approved Resolutions 4
Southwest Gas Holdings, Inc.
Meeting Date: 10/17/2017 Country: USA
Meeting Type: Special Ticker: SWX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Eliminate Cumulative Voting For For
For For Adjourn Meeting 2
Telstra Corporation Limited
Meeting Date: 10/17/2017 Country: Australia
Meeting Type: Annual Ticker: TLS
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
3a Elect Peter Hearl as Director For For
For For Elect John Mullen as Director 3b
For For Approve Grant of Restricted Shares and
Performance Rights to Andrew Penn
4
For For Approve Remuneration Report 5
Alibaba Group Holding Limited
Meeting Date: 10/18/2017 Country: Cayman Islands
Meeting Type: Annual Ticker: BABA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Jack Yun Ma as Director For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Alibaba Group Holding Limited Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Masayoshi Son as Director 1.2
For For Elect Walter Teh Ming Kwauk as Director 1.3
For For Ratify PricewaterhouseCoopers as Auditors 2
Aurizon Holdings Ltd.
Meeting Date: 10/18/2017 Country: Australia
Meeting Type: Annual Ticker: AZJ
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect John Cooper as Director For For
For For Approve Grant of Performance Rights to Andrew Harding (2016 Award)
3a
For For Approve Grant of Performance Rights to Andrew Harding (2017 Award- 3 Year)
3b
For For Approve Grant of Performance Rights to Andrew Harding (2017 Award- 4 Year)
3c
For For Approve the Potential Termination Benefits 4
For For Approve Remuneration Report 5
Brambles Ltd
Meeting Date: 10/18/2017 Country: Australia
Meeting Type: Annual Ticker: BXB
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Approve the Remuneration Report For For
For For Elect Nessa O'Sullivan as Director 3
For For Elect Tahira Hassan as Director 4
For For Elect Stephen Johns as Director 5
For For Elect Brian Long as Director 6
For For Approve the Amendments to the Brambles
Limited 2006 Performance Rights Plan
7
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Brambles Ltd Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve the Brambles Limited MyShare Plan 8
For For Approve the Participation of Graham Chipchase
in the Amended Performance Share Plan
9
For For Approve the Participation of Nessa O'Sullivan in the Performance Share Plan or the Amended Performance Share Plan
10
For For Approve the Participation of Nessa O'Sullivan in
the MyShare Plan
11
Champion Technology Holdings Ltd.
Meeting Date: 10/18/2017 Country: Bermuda
Meeting Type: Special Ticker: 92
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
For Against
Voter Rationale: The share issuance limit is greater than 10%
For For Approve Capital Reorganization 2
For For Approve Transfer of Credits Arising From the Capital Reduction to the Contributed Surplus
Account and Related Transactions
3
CSL Ltd.
Meeting Date: 10/18/2017 Country: Australia
Meeting Type: Annual Ticker: CSL
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2a Elect John Shine as Director For For
For For Elect Bruce Brook as Director 2b
For For Elect Christine O'Reilly as Director 2c
For For Adopt Remuneration Report 3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
CSL Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Approve Grant of Performance Share Units to
Paul Perreault
4
Voter Rationale: Reduction in the vesting period along with guaranteed vesting for tranches 1 and 2.
Against Against Approve Spill Resolution 5
Impala Platinum Holdings Ltd
Meeting Date: 10/18/2017 Country: South Africa
Meeting Type: Annual Ticker: IMP
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Reappoint PricewaterhouseCoopers Inc as Auditors of the Company
For For
For For Re-elect Peter Davey as Director 2.1
For For Re-elect Mandla Gantsho as Director 2.2
For For Elect Udo Lucht as Director 2.3
For For Re-elect Sydney Mufamadi as Director 2.4
For For Re-elect Hugh Cameron as Member of the Audit Committee
3.1
For For Re-elect Peter Davey as Member of the Audit Committee
3.2
For For Re-elect Babalwa Ngonyama as Member of the Audit Committee
3.3
For For Re-elect Mpho Nkeli as Member of the Audit Committee
3.4
Against For Approve Remuneration Policy 4
Voter Rationale: Significant one-off payments have been made to EDs which are not adequately explained by the Company.
Against For Approve Remuneration Report 5
Voter Rationale: Significant one-off payments have been made to EDs which are not adequately explained by the Company.
For For Approve Remuneration of Non-executive Directors
1
For For Approve Financial Assistance to Related or Inter-related Companies
2
For For Authorise Repurchase of Issued Share Capital 3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
India Capital Growth Fund Ltd.
Meeting Date: 10/18/2017 Country: Guernsey
Meeting Type: Annual Ticker: IGC
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Ratify Deloitte LLP as Auditors and Authorise Their Remuneration
2
For For Re-elect Fred Carr as Director 3
For For Re-elect John Whittle as Director 4
For For Adopt New Articles of Incorporation 5
For For Authorise Market Purchase of Ordinary Shares 6
Inner Mongolia Eerduosi Resources Co., Ltd.
Meeting Date: 10/18/2017 Country: China
Meeting Type: Special Ticker: 900936
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Provision of Guarantee to Subsidiaries For For
PT Bank Rakyat Indonesia (Persero) Tbk
Meeting Date: 10/18/2017 Country: Indonesia
Meeting Type: Special Ticker: BBRI
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Stock Split and Amend Articles of Association Regarding the Stock Split
For For
Against For Elect Directors and Commissioners 2
Voter Rationale: Lack of information on nominees
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
PT Unilever Indonesia Tbk
Meeting Date: 10/18/2017 Country: Indonesia
Meeting Type: Special Ticker: UNVR
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Ira Noviarti as Director For For
Sandy Spring Bancorp, Inc.
Meeting Date: 10/18/2017 Country: USA
Meeting Type: Special Ticker: SASR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Issue Shares in Connection with Merger For For
For For Adjourn Meeting 2
Seagate Technology plc
Meeting Date: 10/18/2017 Country: Ireland
Meeting Type: Annual Ticker: STX
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1a Elect Director Stephen J. Luczo For For
For For Elect Director Mark W. Adams 1b
For For Elect Director Michael R. Cannon 1c
For For Elect Director Mei-Wei Cheng 1d
For For Elect Director William T. Coleman 1e
For For Elect Director Jay L. Geldmacher 1f
For For Elect Director William D. Mosley 1g
For For Elect Director Chong Sup Park 1h
For For Elect Director Stephanie Tilenius 1i
For For Elect Director Edward J. Zander 1j
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Seagate Technology plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Advisory Vote to Ratify Named Executive
Officers' Compensation
2
One Year One Year Advisory Vote on Say on Pay Frequency 3
For For Amend Qualified Employee Stock Purchase Plan 4
For For Approve Ernst & Young LLP as Auditors and
Authorize Board to Fix Their Remuneration
5
For For Authorize Issuance of Equity or Equity-Linked
Securities with Preemptive Rights
6
For For Authorize Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
7
For For Determine Price Range for Reissuance of
Treasury Shares
8
Simmons First National Corporation
Meeting Date: 10/18/2017 Country: USA
Meeting Type: Special Ticker: SFNC
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Issue Shares in Connection with Acquisition of Southwest Bancorp, Inc.
For For
For For Issue Shares in Connection with Acquisition of First Texas BHC, Inc.
2
For For Approve Increase in Size of Board 3
For For Adjourn Meeting 4
For For Adjourn Meeting 5
Vale S.A.
Meeting Date: 10/18/2017 Country: Brazil
Meeting Type: Special Ticker: VALE3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Articles For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Vale S.A. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve Conversion Ratio of One Class A
Preferred Shares into 0.9342 Common Shares
2
Abstain None Elect Isabella Saboya as Director Appointed by
Minority Shareholder
3.1.1
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
Abstain None Elect Ricardo Reisen de Pinho as Director and Marcio Guedes Pereira Junior as Alternate Appointed by Minority Shareholder
3.1.2
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
For None Elect Sandra Guerra as Director Appointed by Minority Shareholder
3.2.1
Abstain None Elect Marcelo Gasparino da Silva as Director and Bruno C.H. Bastit as Alternate Appointed by
Minority Shareholder
3.2.2
Voter Rationale: Only 2 out of the 4 candidates can be elected. Sandra Guerra adds more diversity to the board and has less external commitments.
For None Elect Sandra Guerra as Director Appointed by Minority Shareholder
3.3.1
Abstain None Elect Marcelo Gasparino da Silva as Director and Bruno C.H. Bastit as Alternate Appointed by Minority Shareholder
3.3.2
Voter Rationale: Only 2 out of the 4 candidates can be elected. Sandra Guerra adds more diversity to the board and has less external commitments.
Vale S.A.
Meeting Date: 10/18/2017 Country: Brazil
Meeting Type: Special Ticker: VALE3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Conversion of Totality of Class A Preferred Shares at the Ratio of One Class A
Preferred Shares into 0.9342 Common Shares
For For
Vale S.A.
Meeting Date: 10/18/2017 Country: Brazil
Meeting Type: Special Ticker: VALE3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Vale S.A.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles For For
For For Approve Conversion Ratio of One Class A
Preferred Shares into 0.9342 Common Shares
2
For None Elect Sandra Guerra as Director Appointed by
Preferred Shareholder
3.1
Abstain None Elect Marcelo Gasparino da Silva as Director and Bruno C.H. Bastit as Alternate Appointed by Preferred Shareholder
3.2
Voter Rationale: Sandra Guerra adds greater diversity to the board and has less external commitments.
Vale S.A.
Meeting Date: 10/18/2017 Country: Brazil
Meeting Type: Special Ticker: VALE3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Articles For For
For For Approve Conversion Ratio of One Class A
Preferred Shares into 0.9342 Common Shares
2
Abstain None Elect Isabella Saboya as Director Appointed by
Minority Shareholder
3.1
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
Abstain None Elect Ricardo Reisen de Pinho as Director and Marcio Guedes Pereira Junior as Alternate Appointed by Minority Shareholder
3.2
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
For None Elect Sandra Guerra as Director Appointed by Minority Shareholder
4.1
Abstain None Elect Marcelo Gasparino da Silva as Director and Bruno C.H. Bastit as Alternate Appointed by
Minority Shareholder
4.2
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
For None Elect Sandra Guerra as Director Appointed by
Minority Shareholder
5.1
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Vale S.A. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Abstain None Elect Marcelo Gasparino da Silva as Director and Bruno C.H. Bastit as Alternate Appointed by Minority Shareholder
5.2
Voter Rationale: Sandra Guerra adds more diversity to the board and has less external commitments.
BHP Billiton plc
Meeting Date: 10/19/2017 Country: United Kingdom
Meeting Type: Annual Ticker: BLT
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Reappoint KPMG LLP as Auditors 2
For For Authorise the Risk and Audit Committee to Fix Remuneration of Auditors
3
For For Authorise Issue of Equity with Pre-emptive Rights
4
For For Authorise Issue of Equity without Pre-emptive Rights
5
For For Authorise Market Purchase of Ordinary Shares 6
For For Approve Remuneration Policy 7
For For Approve Remuneration Report for UK Law Purposes
8
For For Approve Remuneration Report for Australian Law Purposes
9
For For Approve Leaving Entitlements 10
For For Approve Grant of Awards under the Group's Incentive Plans to Andrew Mackenzie
11
For For Elect Terry Bowen as Director 12
For For Elect John Mogford as Director 13
For For Re-elect Malcolm Broomhead as Director 14
For For Re-elect Anita Frew as Director 15
For For Re-elect Carolyn Hewson as Director 16
For For Re-elect Andrew Mackenzie as Director 17
For For Re-elect Lindsay Maxsted as Director 18
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
BHP Billiton plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Re-elect Wayne Murdy as Director 19
For For Re-elect Shriti Vadera as Director 20
For For Re-elect Ken MacKenzie as Director 21
Against Against Amend the Constitution 22
For Against Review the Public Policy Advocacy on Climate
Change and Energy
23
Voter Rationale: The company has not addressed disclosure of global lobbying and membership payments, which we believe is of material interest to shareholders.
Euronext NV
Meeting Date: 10/19/2017 Country: Netherlands
Meeting Type: Special Ticker: ENX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect Franck Silvent to Supervisory Board For For
KazMunaiGas Exploration Production JSC
Meeting Date: 10/19/2017 Country: Kazakhstan
Meeting Type: Special Ticker: KMG
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Vote Counting Commission For For
For For Approve Early Termination of Powers of Igor Goncharov as Director
2
For For Elect New Director 3
Against For Approve Remuneration of Directors 4
Voter Rationale: Excessive fees paid to non-executive directors compared to peers.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Laura Ashley Holdings plc
Meeting Date: 10/19/2017 Country: United Kingdom
Meeting Type: Annual Ticker: ALY
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Re-elect Wong Nyen Faat as Director 2
Against For Re-elect David Walton Masters as Director 3
Voter Rationale: Lack of independence due to long tenure.
For For Appoint Crowe Clark Whitehill LLP as Auditors
and Authorise Their Remuneration
4
For For Approve Remuneration Policy 5
For For Approve Remuneration Report 6
For For Authorise Issue of Equity with Pre-emptive
Rights
7
For For Authorise Issue of Equity without Pre-emptive
Rights
8
For For Authorise Market Purchase of Ordinary Shares 9
Against For Authorise the Company to Sell Shares Held as
Treasury Shares for Cash
10
Voter Rationale: Lack of disclosure.
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
11
MetLife, Inc.
Meeting Date: 10/19/2017 Country: USA
Meeting Type: Special Ticker: MET
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Certificate of Incorporation to Modify the Dividend Payment Tests for the Series A
Preferred Stock and the Series C Preferred Stock
For For
For For Adjourn Meeting 2
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Sky Network Television Ltd.
Meeting Date: 10/19/2017 Country: New Zealand
Meeting Type: Annual Ticker: SKT
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
For For
For For Elect Peter Macourt as Director 2
For For Elect Susan Paterson as Director 3
For For Elect Mike Darcey as Director 4
The Rank Group Plc
Meeting Date: 10/19/2017 Country: United Kingdom
Meeting Type: Annual Ticker: RNK
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 Alex Thursby as Director 4
For For Re-elect Chris Bell as Director 5
For For Re-elect Henry Birch as Director 6
For For Re-elect Ian Burke as Director 7
For For Re-elect Steven Esom as Director 8
For For Re-elect Susan Hooper as Director 9
For For Re-elect Clive Jennings as Director 10
For For Re-elect Lord Kilmorey as Director 11
For For Reappoint Ernst & Young LLP as Auditors 12
For For Authorise the Audit Committee to Fix
Remuneration of Auditors
13
For For Authorise Market Purchase of Ordinary Shares 14
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
The Rank Group Plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise EU Political Donations and
Expenditure
15
For For Adopt New Articles of Association 16
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
17
For For Elect Alex Thursby as Director (Independent
Shareholder's Vote)
18
For For Re-elect Chris Bell as Director (Independent
Shareholder's Vote)
19
For For Re-elect Steven Esom as Director (Independent
Shareholder's Vote)
20
For For Re-elect Susan Hooper as Director
(Independent Shareholder's Vote)
21
For For Re-elect Lord Kilmorey as Director (Independent
Shareholder's Vote)
22
Tsogo Sun Holdings Ltd.
Meeting Date: 10/19/2017 Country: South Africa
Meeting Type: Annual Ticker: TSH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2017
For For
For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company
2
For For Elect Jacques Booysen as Director 3.1
Against For Re-elect Marcel Golding as Director 3.2
Voter Rationale: Non-independent member of a board that is majority non-independent.Marcel also attended <75% meetings for the year
Against For Re-elect Elias Mphande as Director 3.3
Voter Rationale: Non-independent member of a board that is majority non-independent
For For Re-elect Jabu Ngcobo as Director 3.4
For For Re-elect Mac Gani as Member of the Audit and Risk Committee
4.1
For For Re-elect Busi Mabuza as Member of the Audit and Risk Committee
4.2
For For Re-elect Jabu Ngcobo as Member of the Audit and Risk Committee
4.3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Tsogo Sun Holdings Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Approve Remuneration Policy 1
Voter Rationale: Lack of disclosure around targets
Against For Approve Remuneration Implementation Report 2
Voter Rationale: Lack of disclosure around targets
For For Approve Non-executive Directors' Fees 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
For For Approve Issuance of Shares or Options and Grant Financial Assistance in Terms of the
Company's Share-Based Incentive Schemes
4
Ansell Ltd.
Meeting Date: 10/20/2017 Country: Australia
Meeting Type: Annual Ticker: ANN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve the Increase in the Maximum Number
of Directors For For
For For Elect Glenn Barnes as Director 3a
For For Elect Christina Stercken as Director 3b
For For Elect William G Reilly as Director 3c
For For Approve the On-Market Buy-back of Shares 4
For For Approve the Grant of Performance Share Rights
to Magnus Nicolin
5
For For Approve the Remuneration Report 6
Ashmore Group PLC
Meeting Date: 10/20/2017 Country: United Kingdom
Meeting Type: Annual Ticker: ASHM
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Ashmore Group PLC
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 Re-elect Mark Coombs as Director 3
For For Re-elect Tom Shippey as Director 4
For For Re-elect Peter Gibbs as Director 5
For For Re-elect Simon Fraser as Director 6
For For Re-elect Dame Anne Pringle as Director 7
For For Re-elect David Bennett as Director 8
For For Re-elect Clive Adamson as Director 9
For For Approve Remuneration Policy 10
For For Approve Remuneration Report 11
For For Reappoint KPMG LLP as Auditors 12
For For Authorise Board to Fix Remuneration of Auditors 13
For For Authorise EU Political Donations and
Expenditure
14
For For Authorise Issue of Equity with Pre-emptive
Rights
15
For For Authorise Issue of Equity without Pre-emptive
Rights
16
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
17
For For Authorise Market Purchase of Ordinary Shares 18
For For Approve Waiver on Tender-Bid Requirement 19
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
20
Brilliance China Automotive Holdings Ltd.
Meeting Date: 10/20/2017 Country: Bermuda
Meeting Type: Special Ticker: 1114
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Brilliance China Automotive Holdings Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Acquisition Agreement and Related
Transactions
For For
For For Approve Framework Cooperation Agreement
and Related Transactions
2
For For Authorize Board to Deal with All Matters in Relation to the Acquisition Agreement and the Framework Cooperation Agreement
3
Ci:z Holdings, Co.,Ltd.
Meeting Date: 10/20/2017 Country: Japan
Meeting Type: Annual Ticker: 4924
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Allocation of Income, with a Final Dividend of JPY 50
For For
For For Elect Director Ishihara, Tomomi 2.1
For For Elect Director Shirono, Yoshinori 2.2
For For Elect Director Kosugi, Hiroyuki 2.3
For For Elect Director Tanaka, Katsuaki 2.4
Against For Elect Director Ebihara, Ikuko 2.5
Voter Rationale: The nominee cannot be expected to fulfill the role of overseeing management effectively in the interests of shareholders in light of the low attendance rate.
For For Elect Director Kojima, Hiroshi 2.6
Dechra Pharmaceuticals plc
Meeting Date: 10/20/2017 Country: United Kingdom
Meeting Type: Annual Ticker: DPH
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory
Reports For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Dechra Pharmaceuticals plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Approve Remuneration Report 2
Voter Rationale: Changes to the LTIP targets where 2 thirds is now EPS
For For Approve Remuneration Policy 3
For For Approve Final Dividend 4
For For Elect Richard Cotton as Director 5
For For Elect Lawson Macartney as Director 6
For For Re-elect Tony Rice as Director 7
For For Re-elect Ian Page as Director 8
For For Re-elect Anthony Griffin as Director 9
For For Re-elect Julian Heslop as Director 10
For For Re-elect Ishbel Macpherson as Director 11
For For Reappoint PricewaterhouseCoopers LLP as
Auditors
12
For For Authorise the Audit Committee to Fix
Remuneration of Auditors
13
For For Authorise Issue of Equity with Pre-emptive
Rights
14
For For Authorise Issue of Equity without Pre-emptive
Rights
15
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment
16
For For Authorise Market Purchase of Ordinary Shares 17
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
18
Against For Approve Long Term Incentive Plan 19
Voter Rationale: Changes to the LTIP targets where 2 thirds is now EPS
Koninklijke Philips NV
Meeting Date: 10/20/2017 Country: Netherlands
Meeting Type: Special Ticker: PHIA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect M.J. van Ginneken to Management Board For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Koninklijke Philips NV Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Amend Article 10 Re: Setting the Required Minimum Number of Members of the Board of Management
2
Renishaw plc
Meeting Date: 10/20/2017 Country: United Kingdom
Meeting Type: Annual Ticker: RSW
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Policy 2
For For Approve Remuneration Report 3
For For Approve Final Dividend 4
For For Re-elect Sir David McMurtry as Director 5
For For Re-elect John Deer as Director 6
For For Re-elect Allen Roberts as Director 7
For For Re-elect Geoff McFarland as Director 8
For For Re-elect Will Lee as Director 9
For For Re-elect Sir David Grant as Director 10
For For Re-elect Carol Chesney as Director 11
For For Re-elect John Jeans as Director 12
For For Re-elect Kath Durrant as Director 13
For For Reappoint Ernst & Young LLP as Auditors 14
For For Authorise the Audit Committee to Fix Remuneration of Auditors
15
For For Authorise Market Purchase of Ordinary Shares 16
Romgaz SA
Meeting Date: 10/20/2017 Country: Romania
Meeting Type: Special Ticker: SNG
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Romgaz SA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Distribution of Special Dividend of RON
1.94 per Share from Reserves
None For
For None Approve Dividends' Payment Date 2
For None Approve Terms of Special Dividend Distribution 3
For For Approve Meeting's Record Date 4
For For Approve Meeting's Ex-Date 5
For For Authorize Filing of Required Documents/Other
Formalities
6
Zhuzhou CRRC Times Electric Co., Ltd.
Meeting Date: 10/20/2017 Country: China
Meeting Type: Special Ticker: 3898
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Zhang Xinning as Director and Authorize Board to Fix His Remuneration
For For
For For Elect Ouyang Minggao as Director and Authorize Board to Fix His Remuneration
2
For For Approve Absorption and Merger of Times Equipment by the Company and Authorize Board to Handle All Matters in Relation to the Absorption and Merger
3
Emaar Properties PJSC
Meeting Date: 10/21/2017 Country: United Arab Emirates
Meeting Type: Special Ticker: EMAAR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Transfer of Certain Company Assets to Emaar Development LCC a Fully Owned Subsidiary
For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Emaar Properties PJSC Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve Public Offering Up to 30 Percent of Shares in Subsidiary to be Listed on Dubai Financial Market
2
For For Authorize Board to Ratify and Execute Approved
Resolutions
3
Polskie Gornictwo Naftowe i Gazownictwo S.A. (PGNiG)
Meeting Date: 10/21/2017 Country: Poland
Meeting Type: Special Ticker: PGN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect Meeting Chairman For For
For For Approve Agenda of Meeting 5
For For Amend Statute 6
Digital Barriers plc
Meeting Date: 10/23/2017 Country: United Kingdom
Meeting Type: Annual Ticker: DGB
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 Tom Black as Director 3
For For Re-elect Colin Evans as Director 4
For For Reappoint Ernst & Young LLP as Auditors 5
For For Authorise Board to Fix Remuneration of Auditors 6
For For Authorise Issue of Equity with Pre-emptive
Rights
7
For For Authorise Issue of Equity without Pre-emptive
Rights
8
For For Authorise Market Purchase of Ordinary Shares 9
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Digital Barriers plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise Market Purchase of Ordinary Shares
Pursuant to the Tender Offer
10
Earthport plc
Meeting Date: 10/23/2017 Country: United Kingdom
Meeting Type: Special Ticker: EPO
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of Shares in Connection with the Placing
For For
For For Authorise Issue of Equity with Pre-emptive Rights
2
For For Authorise Issue of Equity without Pre-emptive Rights
3
Hong Leong Bank Berhad
Meeting Date: 10/23/2017 Country: Malaysia
Meeting Type: Annual Ticker: HLBANK
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Final Dividend For For
For For Approve Remuneration of Directors 2
For For Elect Chok Kwee Bee as Director 3
For For Elect Nicholas John Lough @ Sharif Lough bin
Abdullah as Director
4
For For Elect Quek Leng Chan as Director 5
For For Approve PricewaterhouseCoopers as Auditors
and Authorize Board to Fix Their Remuneration
6
For For Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
7
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions
8
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Quantum Pharma Plc
Meeting Date: 10/23/2017 Country: United Kingdom
Meeting Type: Special Ticker: QP.
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Matters Relating to the Acquisition of Quantum Pharma plc by Clinigen Group plc
For For
Quantum Pharma Plc
Meeting Date: 10/23/2017 Country: United Kingdom
Meeting Type: Court Ticker: QP.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Scheme of Arrangement For For
Super Retail Group Ltd.
Meeting Date: 10/23/2017 Country: Australia
Meeting Type: Annual Ticker: SUL
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Approve the Remuneration Report For For
For For Elect Reginald Allen Rowe as Director 3
For For Elect Howard Leonard Mowlem as Director 4
For For Approve Grant of Performance Rights to Peter Birtles
5
Totally plc
Meeting Date: 10/23/2017 Country: United Kingdom
Meeting Type: Special Ticker: TLY
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Totally plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Acquisition of Vocare Limited For For
For For Authorise Issue of Equity Pursuant to the
Capital Raising
2
For For Authorise Issue of Equity without Pre-emptive
Rights Pursuant to the Capital Raising
3
Wing Tai Holdings Limited
Meeting Date: 10/23/2017 Country: Singapore
Meeting Type: Annual Ticker: W05
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Adopt Financial Statements and Directors' and Auditors' Reports
For For
For For Approve First and Final Dividend 2
For For Approve Directors' Fees 3
Against For Elect Boey Tak Hap as Director 4
Voter Rationale: Length of tenure compromises independence and role on audit and compensation committee
For For Elect Edmund Cheng Wai Wing as Director 5
For For Elect Christopher Lau Loke Sam as Director 6
For For Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
7
Against For Approve Issuance of Equity or Equity-Linked
Securities with or without Preemptive Rights
8
Voter Rationale: issuance request without preemptive rights exceeds 10%
Against For Approve Grant of Awards and Issuance of Shares Under the Wing Tai Performance Share Plan and Wing Tai Restricted Share Plan
9
Voter Rationale: No performance conditions attached
For For Authorize Share Repurchase Program 10
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Brooks Macdonald Group plc
Meeting Date: 10/24/2017 Country: United Kingdom
Meeting Type: Annual Ticker: BRK
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 Caroline Connellan as Director 4
For For Re-elect Colin Harris as Director 5
For For Re-elect Nicholas Holmes as Director 6
For For Re-elect Simon Jackson as Director 7
For For Re-elect Christopher Knight as Director 8
For For Re-elect Christopher Macdonald as Director 9
For For Re-elect Richard Price as Director 10
For For Re-elect Diane Seymour-Williams as Director 11
For For Re-elect Andrew Shepherd as Director 12
For For Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration
13
For For Authorise Issue of Equity with Pre-emptive Rights
14
For For Authorise Issue of Equity without Pre-emptive Rights
15
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or
Other Capital Investment
16
For For Authorise Market Purchase of Ordinary Shares 17
China Bluechemical Ltd.
Meeting Date: 10/24/2017 Country: China
Meeting Type: Special Ticker: 3983
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
China Bluechemical Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Meng Jun as Director and Authorize Board
to Fix His Remuneration
For For
For For Elect Tang Quanrong as Supervisor and
Authorize Board to Fix His Remuneration
2
Against For Approve Amendments to the Articles of Association and Authorize Board to Deal with All Matters in Relation to the Amendments to the
Articles of Association
3
Voter Rationale: Proposed amendments may result in granting the Party Committee with legitimate authority to significantly influence the leadership and corporate governance of the company, allowing it to assert disproportionate influence over the board and expose shareholders to governance risks.
Dexus
Meeting Date: 10/24/2017 Country: Australia
Meeting Type: Annual Ticker: DXS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve the Remuneration Report For For
For For Elect John Conde as Director 2.1
For For Elect Peter St George as Director 2.2
For For Elect Mark Ford as Director 2.3
For For Elect Nicola Roxon as Director 2.4
For For Approve Reallocation of Capital 3
For For Ratify Past Issuance of Securities to Institutional and Sophisticated Investors
4
Against None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5
Voter Rationale: The company has increased the fee pool for the second year running with no explanation provided.
Inaba Seisakusho
Meeting Date: 10/24/2017 Country: Japan
Meeting Type: Annual Ticker: 3421
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Inaba Seisakusho
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Allocation of Income, with a Final
Dividend of JPY 13
For For
For For Elect Director Inaba, Akira 2.1
For For Elect Director Inaba, Shigeru 2.2
For For Elect Director Kojima, Akimitsu 2.3
For For Elect Director Komiyama, Masahiko 2.4
For For Elect Director Morita, Yasumitsu 2.5
For For Elect Director Sugiyama, Osamu 2.6
For For Elect Director Saeki, Norikazu 2.7
For For Elect Director Inaba, Yujiro 2.8
For For Elect Director Horikawa, Tomoki 2.9
For For Elect Director Ogonuki, Tatsuya 2.10
For For Elect Director Mitsumura, Katsuya 2.11
McBride plc
Meeting Date: 10/24/2017 Country: United Kingdom
Meeting Type: Annual Ticker: MCB
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Remuneration Policy 2
For For Approve Remuneration Report 3
For For Re-elect John Coleman as Director 4
For For Re-elect Rik De Vos as Director 5
For For Re-elect Chris Smith as Director 6
For For Re-elect Steve Hannam as Director 7
For For Re-elect Neil Harrington as Director 8
For For Re-elect Sandra Turner as Director 9
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
McBride plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Reappoint PricewaterhouseCoopers 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 with Pre-emptive
Rights
13
For For Approve Bonus Issue of B Shares 14
For For Authorise Issue of Equity without Pre-emptive
Rights
15
For For Authorise Market Purchase of Ordinary Shares 16
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
17
Mcmillan Shakespeare Ltd
Meeting Date: 10/24/2017 Country: Australia
Meeting Type: Annual Ticker: MMS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve Remuneration Report For Against
Voter Rationale: Re-testing is permitted.
For For Elect Tim Poole as Director 3
Against For Elect Ross Chessari as Director 4
Voter Rationale: Lack of independence.
Against For Approve Long Term Incentive Plan 5
Voter Rationale: Vesting period is less than 3 years.
Against For Approve Grant of Performance Rights and Options to Mike Salisbury
6
Voter Rationale: Vesting period is less than 3 years.
Rand Merchant Investment Holdings Limited
Meeting Date: 10/24/2017 Country: South Africa
Meeting Type: Written Consent Ticker: RMI
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Rand Merchant Investment Holdings Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorise Issue of Shares Pursuant to a
Reinvestment Option
For For
Sihuan Pharmaceutical Holdings Group Ltd.
Meeting Date: 10/24/2017 Country: Bermuda
Meeting Type: Special Ticker: 460
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Adopt Share Option Scheme For For
Sirtex Medical Ltd.
Meeting Date: 10/24/2017 Country: Australia
Meeting Type: Annual Ticker: SRX
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Remuneration Report For For
For For Elect Andrew McLean as Director 2
For For Elect Neville Mitchell as Director 3
For For Elect Helen Kurincic as Director 4
For For Approve Grant of Performance Rights to Andrew
McLean
5
Southern Cross Media Group Limited
Meeting Date: 10/24/2017 Country: Australia
Meeting Type: Annual Ticker: SXL
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Southern Cross Media Group Limited
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Robert Murray as Director For For
For For Elect Helen Nash as Director 2
For For Approve Grant of Performance Rights to Grant
Blackley Under the Long Term Incentive Plan
3
For For Approve Remuneration Report 4
Sun Bancorp, Inc.
Meeting Date: 10/24/2017 Country: USA
Meeting Type: Special Ticker: SNBC
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Merger Agreement For For
For For Advisory Vote on Golden Parachutes 2
For For Adjourn Meeting 3
Wells Fargo Funds Trust
Meeting Date: 10/24/2017 Country: USA
Meeting Type: Special Ticker: N/A
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1a Elect Director William R. Ebsworth For For
For For Elect Director Jane A. Freeman 1b
For For Elect Director Isaiah Harris, Jr. 1c
For For Elect Director Judith M. Johnson 1d
For For Elect Director David F. Larcker 1e
For For Elect Director Olivia S. Mitchell 1f
For For Elect Director Timothy J. Penny 1g
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Wells Fargo Funds Trust Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Director Michael S. Scofield 1h
For For Elect Director James G. Polisson 1i
For For Elect Director Pamela Wheelock 1j
CKH Food & Health Limited
Meeting Date: 10/25/2017 Country: Cayman Islands
Meeting Type: Annual Ticker: A900120
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Financial Statements and Allocation of Income
For For
For For Elect Lin Jinsheng as Inside Director 2.1
For For Elect Kim Byeong-jae as Outside Director 2.2
For For Appoint Liu Yan as Internal Auditor 3
For For Approve Total Remuneration of Inside Directors and Outside Directors
4
For For Authorize Board to Fix Remuneration of Internal Auditor
5
Fletcher Building Ltd.
Meeting Date: 10/25/2017 Country: New Zealand
Meeting Type: Annual Ticker: FBU
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Bruce Hassall as Director For For
For For Elect Cecilia Tarrant as Director 2
For For Authorize Board to Fix Remuneration of the
Auditors
3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hansteen Holdings PLC
Meeting Date: 10/25/2017 Country: United Kingdom
Meeting Type: Special Ticker: HSTN
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Authorise Market Purchase of Ordinary Shares Pursuant to the Tender Offer
For For
Korea Aerospace Industries Co. Ltd.
Meeting Date: 10/25/2017 Country: South Korea
Meeting Type: Special Ticker: A047810
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Kim Jo-won as Inside Director For For
Malaysian Pacific Industries Berhad
Meeting Date: 10/25/2017 Country: Malaysia
Meeting Type: Annual Ticker: MPI
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Remuneration of Directors For For
For For Elect Dennis Ong Lee Khian as Director 2
For For Elect Mohamad Kamarudin bin Hassan as Director
3
For For Approve KPMG PLT as Auditors and Authorize Board to Fix Their Remuneration
4
Against For Approve Zaid bin Syed Jaffar Albar to Continue Office as Independent Non-Executive Director
5
Voter Rationale: 23 year tenure compromises independence in role as chair of audit committee
For For Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
6
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Malaysian Pacific Industries Berhad Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions
7
For For Authorize Share Repurchase Program 8
Orkla ASA
Meeting Date: 10/25/2017 Country: Norway
Meeting Type: Special Ticker: ORK
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Open Meeting; Elect Chairman of Meeting For For
For For Approve Special Dividends of NOK 5 Per Share 2
Parker-Hannifin Corporation
Meeting Date: 10/25/2017 Country: USA
Meeting Type: Annual Ticker: PH
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1.1 Elect Director Lee C. Banks For For
For For Elect Director Robert G. Bohn 1.2
For For Elect Director Linda S. Harty 1.3
For For Elect Director Robert J. Kohlhepp 1.4
For For Elect Director Kevin A. Lobo 1.5
For For Elect Director Klaus-Peter Muller 1.6
For For Elect Director Candy M. Obourn 1.7
For For Elect Director Joseph Scaminace 1.8
For For Elect Director Wolfgang R. Schmitt 1.9
For For Elect Director Ake Svensson 1.10
For For Elect Director James R. Verrier 1.11
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Parker-Hannifin Corporation Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Director James L. Wainscott 1.12
For For Elect Director Thomas L. Williams 1.13
For For Ratify Deloitte & Touche LLP as Auditors 2
Against For Advisory Vote to Ratify Named Executive
Officers' Compensation
3
Voter Rationale: The minimum vesting period is less than three years.
One Year One Year Advisory Vote on Say on Pay Frequency 4
Photo-Me International plc
Meeting Date: 10/25/2017 Country: United Kingdom
Meeting Type: Annual Ticker: PHTM
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 Remuneration Policy 3
For For Approve Final Dividend 4
For For Reappoint KPMG LLP as Auditors 5
For For Authorise Board to Fix Remuneration of Auditors 6
For For Re-elect John Lewis as Director 7
For For Authorise Issue of Equity with Pre-emptive Rights
8
For For Authorise Issue of Equity without Pre-emptive Rights
9
For For Authorise Market Purchase of Ordinary Shares 10
Redde plc
Meeting Date: 10/25/2017 Country: United Kingdom
Meeting Type: Annual Ticker: REDD
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Redde plc
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 Re-elect Avril Palmer-Baunack as Director 3
For For Reappoint KPMG LLP as Auditors 4
For For Authorise Board to Fix Remuneration of Auditors 5
For For Authorise Issue of Equity with Pre-emptive
Rights
6
For For Authorise Issue of Equity without Pre-emptive
Rights
7
For For Authorise Market Purchase of Ordinary Shares 8
For For Adopt New Articles of Association 9
Stockland
Meeting Date: 10/25/2017 Country: Australia
Meeting Type: Annual/Special Ticker: SGP
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Elect Andrew Stevens as Director For For
For For Elect Tom Pockett as Director 3
For For Approve Remuneration Report 4
For For Approve Grant of Performance Rights to Mark Steinert
5
Westar Energy, Inc.
Meeting Date: 10/25/2017 Country: USA
Meeting Type: Annual Ticker: WR
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Westar Energy, Inc.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Mollie H. Carter For For
For For Elect Director Sandra A.J. Lawrence 1.2
For For Elect Director Mark A. Ruelle 1.3
For For Advisory Vote to Ratify Named Executive
Officers' Compensation
2
One Year One Year Advisory Vote on Say on Pay Frequency 3
For For Ratify Deloitte & Touche LLP as Auditors 4
Bio-Techne Corporation
Meeting Date: 10/26/2017 Country: USA
Meeting Type: Annual Ticker: TECH
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Fix Number of Directors at Ten For For
For For Elect Director Robert V. Baumgartner 2a
Against For Elect Director Charles A. Dinarello 2b
Voter Rationale: Failing to attend at least 75 percent of the board meetings that were scheduled over the past year without a valid reason
For For Elect Director John L. Higgins 2c
For For Elect Director Karen A. Holbrook 2d
For For Elect Director Joseph D. Keegan 2e
For For Elect Director Charles R. Kummeth 2f
For For Elect Director Roeland Nusse 2g
For For Elect Director Alpna Seth 2h
Against For Elect Director Randolph C. Steer 2i
Voter Rationale: Chair of remuneration committee and we have voted against remuneration policy for 2 consecutive years
For For Elect Director Harold J. Wiens 2j
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
3
Voter Rationale: CEO pay increased substantially year-over-year without sufficient explanation
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Bio-Techne Corporation Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
One Year One Year Advisory Vote on Say on Pay Frequency 4
For For Amend Omnibus Stock Plan 5
For For Ratify KPMG LLP as Auditors 6
Bluerock Residential Growth REIT, Inc.
Meeting Date: 10/26/2017 Country: USA
Meeting Type: Annual Ticker: BRG
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Omnibus Stock Plan For For
For For Approve Issuance of Shares for a Private Placement
2
For For Elect Director R. Ramin Kamfar 3.1
For For Elect Director Gary T. Kachadurian 3.2
Withhold For Elect Director Brian D. Bailey 3.3
Voter Rationale: WITHHOLD votes from I. Bobby Majumder, Brian Bailey and Romano Tio for a material governance failure.The company's governing documents which prohibits shareholders’ ability to amend the company bylaws.
Withhold For Elect Director I. Bobby Majumder 3.4
Voter Rationale: WITHHOLD votes from I. Bobby Majumder, Brian Bailey and Romano Tio for a material governance failure.The company's governing documents which prohibits shareholders’ ability to amend the company bylaws.
Withhold For Elect Director Romano Tio 3.5
Voter Rationale: WITHHOLD votes from I. Bobby Majumder, Brian Bailey and Romano Tio for a material governance failure.The company's governing documents which prohibits shareholders’ ability to amend the company bylaws.
For For Ratify BDO USA, LLP as Auditors 4
For For Advisory Vote to Ratify Named Executive
Officers' Compensation
5
For For Adjourn Meeting 6
CJ Hellovision Co. Ltd.
Meeting Date: 10/26/2017 Country: South Korea
Meeting Type: Special Ticker: A037560
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
CJ Hellovision Co. Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles of Incorporation For For
Digital Barriers plc
Meeting Date: 10/26/2017 Country: United Kingdom
Meeting Type: Special Ticker: DGB
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Disposal of the Video Business For For
For For Approve Change of Company Name to Thruvision Group plc
2
Freightways Ltd.
Meeting Date: 10/26/2017 Country: New Zealand
Meeting Type: Annual Ticker: FRE
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Kim Ellis as Director For For
For For Elect Mark Rushworth as Director 2
For For Approve the Increase in Maximum Aggregate
Remuneration of Directors
3
For For Authorize Board to Fix Remuneration of the
Auditors
4
Hong Leong Financial Group Berhad
Meeting Date: 10/26/2017 Country: Malaysia
Meeting Type: Annual Ticker: HLFG
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hong Leong Financial Group Berhad
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Remuneration of Directors For For
For For Elect Lim Tau Kien as Director 2
Against For Elect Quek Leng Chan as Director 3
Voter Rationale: Non-independent member of key committees
For For Elect Khalid Ahmad bin Sulaiman as Director 4
For For Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration
5
For For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
6
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Hong Leong Company (Malaysia) Berhad ("HLCM") and Persons Connected with HLCM
7
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Tower Real Estate Investment Trust
8
Hopewell Holdings Ltd.
Meeting Date: 10/26/2017 Country: Hong Kong
Meeting Type: Annual Ticker: 54
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory
Reports For For
For For Approve Final Dividend 2a
For For Approve Special Final Dividend 2b
Against For Elect Josiah Chin Lai Kwok as Director 3a1
Voter Rationale: Executive director and the board does not have a formal nomination committee and the board is not majority independent
For For Elect Wu Ivy Sau Ping Kwok as Director 3a2
For For Elect Guy Man Guy Wu as Director 3a3
For For Elect Linda Lai Chuen Loke Director 3a4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hopewell Holdings Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Sunny Tan as Director 3a5
For For Approve Directors' Fees 3b
For For Approve Deloitte Touche Tohmatsu asas Auditors and Authorize Board to Fix Their Remuneration
4
For For Authorize Repurchase of Issued Share Capital 5a
Against For Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
5b
Voter Rationale: The aggregate share issuance limit is greater than 10 percent
Against For Authorize Reissuance of Repurchased Shares 5c
Voter Rationale: The aggregate share issuance limit is greater than 10 percent
Against For Approve Grant of Options Under the Share Option Scheme
5d
Voter Rationale: Absence of challenging performance criteria
Imagination Technologies Group Plc
Meeting Date: 10/26/2017 Country: United Kingdom
Meeting Type: Annual Ticker: IMG
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 Elect Peter Hill as Director 3
For For Re-elect Nigel Toon as Director 4
For For Re-elect Guy Millward as Director 5
For For Re-elect Andrew Heath as Director 6
For For Re-elect David Anderson as Director 7
For For Re-elect Kate Rock as Director 8
For For Reappoint KPMG LLP as Auditors 9
For For Authorise the Audit Committee to Fix Remuneration of Auditors
10
For For Authorise Issue of Equity with Pre-emptive Rights
11
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Imagination Technologies Group Plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Authorise Issue of Equity without Pre-emptive
Rights
12
For For Authorise Market Purchase of Ordinary Shares 13
JB Hi-Fi Limited
Meeting Date: 10/26/2017 Country: Australia
Meeting Type: Annual Ticker: JBH
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve Remuneration Report For Against
Voter Rationale: Retesting is allowed.
For For Elect Mark Powell as Director 3a
For For Elect Beth Laughton as Director 3b
For For Elect Wai Tang as Director 3c
Against For Approve Grant of Options to Richard Murray 4
Voter Rationale: Retesting is allowed.
For None Approve the Increase in Maximum Aggregate
Remuneration of Non-Executive Directors
5
For For Approve the Financial Assistance in Connection
with the Acquisition of The Good Guys
6
Kearny Financial Corp.
Meeting Date: 10/26/2017 Country: USA
Meeting Type: Annual Ticker: KRNY
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1.1 Elect Director Theodore J. Aanensen For For
For For Elect Director Joseph P. Mazza 1.2
For For Elect Director John F. Regan 1.3
For For Elect Director Christopher Petermann 1.4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Kearny Financial Corp. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Ratify Crowe Horwath LLP as Auditors 2
Against For Advisory Vote to Ratify Named Executive
Officers' Compensation
3
Voter Rationale: The minimum vesting period is less than three years.
Mattioli Woods PLC
Meeting Date: 10/26/2017 Country: United Kingdom
Meeting Type: Annual Ticker: MTW
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 Nathan Imlach as Director 3
For For Re-elect Carol Duncumb as Director 4
For For Reappoint RSM UK Audit LLP as Auditors 5
For For Authorise Board to Fix Remuneration of Auditors 6
For For Approve Final Dividend 7
For For Authorise Issue of Equity with Pre-emptive Rights
8
For For Authorise Issue of Equity without Pre-emptive Rights
9
For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or
Other Capital Investment
10
Moneta Money Bank a. s.
Meeting Date: 10/26/2017 Country: Czech Republic
Meeting Type: Special Ticker: MONET
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Meeting Procedures For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Moneta Money Bank a. s. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Elect Meeting Chairman and Other Meeting
Officials
2
For For Elect Gabriel Eichler as Supervisory Board
Member
3.1
For For Elect Tomas Pardubicky as Supervisory Board
Member
3.2
For For Elect Zuzana Prokopcova as Audit Committee
Member
4
For For Approve Remuneration of Supervisory Board
Members
5
For For Approve Remuneration of Audit Committee
Members
6
Murgitroyd Group plc
Meeting Date: 10/26/2017 Country: United Kingdom
Meeting Type: Annual Ticker: MUR
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 Remuneration Report 3
For For Re-elect Kenneth Chrystie as Director 4
For For Re-elect Gordon Stark as Director 5
For For Re-elect Keith Young as Director 6
For For Reappoint KPMG LLP as Auditors and Authorise Their Remuneration
7
For For Ratify and Confirm the Payment of Dividends and the Entry in the Audited Accounts for the Year Ended 31 May 2017
8
For For Release Any Claims which the Company has or may have in Respect of the Payment of the Dividends Against its Shareholders
9
For For Ratify and Confirm Any Distribution Involved in the Giving of Any Such Release in Relation to the Dividends be Made Out of the Profits Appropriated to the Dividends
10
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Murgitroyd Group plc Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Release Any Claims which the Company has or may have Against its Directors arising in Connection with the Payment of the Dividends; Enter into a Deed of Release
11
For For Ratify and Confirm Any Prohibition under the Articles of Association of the Company or Elsewhere on interested Directors
12
PetroChina Company Limited
Meeting Date: 10/26/2017 Country: China
Meeting Type: Special Ticker: 857
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve New Comprehensive Agreement and Related Transactions
For Against
Voter Rationale: The proposed related-party transactions include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.
For For Elect Wang Liang as Supervisor 2
Abstain For Amend Articles of Association, Rules of Procedures for the Shareholders' Meeting, Rules of Procedures for the Board Meeting and Amendments to the Rules of Procedures and Organization of Supervisory Committee
3
Voter Rationale: The proposed amendments may result in explicitly granting the Party Committee with legitimate authority to assert disproportionate influence over the board and its committees, and expose shareholders to governance risks.
SC Fondul Proprietatea SA
Meeting Date: 10/26/2017 Country: Romania
Meeting Type: Special Ticker: FP
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorize Share Repurchase Program For For
For For Approve Record Date and Ex-Date 2
For For Authorize Filing of Required Documents/Other Formalities
3
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
SC Fondul Proprietatea SA
Meeting Date: 10/26/2017 Country: Romania
Meeting Type: Special Ticker: FP
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
3.1 Approve Continuation of Mandate of Franklin Templeton International Services Sarl as Alternative Investment Fund Manager and Sole Administrator
For For
Against Against Subject to Rejection of Item 3.1, Approve Termination of Mandate of Franklin Templeton International Services Sarl as Alternative Investment Fund Manager and Sole Administrator and Launch Procedure for Selection of New Fund Manager and Sole Administrator
3.2
Voter Rationale: No concerns with the current Fund Manager.
For For Approve Provisionary Budget for Fiscal Year
2018
4
For For Ratify Deloitte Audit SRL as Auditor 5
For For Approve Record Date and Ex-Date 6
For For Authorize Filing of Required Documents/Other
Formalities
7
SC Fondul Proprietatea SA
Meeting Date: 10/26/2017 Country: Romania
Meeting Type: Special Ticker: FP
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorize Share Repurchase Program For For
For For Approve Record Date and Ex-Date 2
For For Authorize Filing of Required Documents/Other Formalities
3
For For Approve Continuation of Mandate of Franklin Templeton International Services Sarl as Alternative Investment Fund Manager and Sole Administrator
3.1
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
SC Fondul Proprietatea SA Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against Against Subject to Rejection of Item 3.1, Approve Termination of Mandate of Franklin Templeton International Services Sarl as Alternative Investment Fund Manager and Sole Administrator and Launch Procedure for Selection of New Fund Manager and Sole
Administrator
3.2
Voter Rationale: No concerns with the current Fund Manager.
For For Approve Provisionary Budget for Fiscal Year
2018
4
For For Ratify Deloitte Audit SRL as Auditor 5
For For Approve Record Date and Ex-Date 6
For For Authorize Filing of Required Documents/Other
Formalities
7
Silverlake Axis Ltd
Meeting Date: 10/26/2017 Country: Bermuda
Meeting Type: Annual Ticker: 5CP
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Adopt Financial Statements and Directors' and Auditors' Reports
For For
For For Approve Final and Special Dividend 2
For For Approve Directors' Fees 3
For For Elect Mohd Munir bin Abdul Majid as Director 4
For For Elect Goh Shiou Ling as Director 5
For For Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration
6
For For Amend Bye-Laws of the Company 7
Against For Approve Increase in Authorized Share Capital 8
Voter Rationale: Excessive dilution
Against For Approve Issuance of Equity or Equity-Linked
Securities with or without Preemptive Rights
9
Voter Rationale: Excessive dilution
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Silverlake Axis Ltd Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Approve Grant of Awards and Issuance of Shares Under the Silverlake Axis Ltd Performance Share Plan 2010
10
Voter Rationale: Excessive dilution
For For Authorize Share Repurchase Program 11
For For Approve Mandate for Interested Person
Transactions
12
Sino Land Company Limited
Meeting Date: 10/26/2017 Country: Hong Kong
Meeting Type: Annual Ticker: 83
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 Robert Ng Chee Siong as Director 3.1
Against For Elect Adrian David Li Man-kiu as Director 3.2
Voter Rationale: Adrian David Li Man-Kiu (i) is considered a non-independent director nominee and the board is less than one-third independent; (ii) serves on a total of more than six public company boards; and (iii) is the chairman of the audit committee and he is considered a non-independent director.
For For Elect Alice Ip Mo Lin as Director 3.3
For For Elect Sunny Yeung Kwong as Director 3.4
For For Authorize Board to Fix Remuneration of Directors
3.5
For For Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration
4
For For Authorize Repurchase of Issued Share Capital 5.1
Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights
5.2
Voter Rationale: The aggregate share issuance limit is greater than 10 percent
Against For Authorize Reissuance of Repurchased Shares 5.3
Voter Rationale: The aggregate share issuance limit is greater than 10 percent.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
The Alumasc Group plc
Meeting Date: 10/26/2017 Country: United Kingdom
Meeting Type: Annual Ticker: ALU
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 Remuneration Policy 3
For For Approve Final Dividend 4
For For Re-elect David Armfield as Director 5
For For Re-elect Jon Pither as Director 6
For For Re-elect Philip Gwyn as Director 7
For For Re-elect Richard Saville as Director 8
For For Reappoint KPMG LLP as Auditors and Authorise Their Remuneration
9
For For Authorise Issue of Equity with Pre-emptive Rights
10
For For Authorise Issue of Equity without Pre-emptive Rights
11
For For Authorise Market Purchase of Ordinary Shares 12
Air China Ltd.
Meeting Date: 10/27/2017 Country: China
Meeting Type: Special Ticker: 753
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Emoluments of Stanley Hui Hon-chung
and Li Dajin
For For
For For Approve Non-Receipt of Emoluments by the
Supervisory Committee
2
Abstain For Approve Amendments to Articles of Association 3
Voter Rationale: The proposed amendments may result in explicitly granting the Party Committee with legitimate authority to assert disproportionate influence over the board and its committees, and expose shareholders to governance risks.
For For Amend Rules and Procedures Regarding General
Meetings of Shareholders
4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Air China Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Amend Rules and Procedures Regarding Board
Meetings
5
Against For Approve Renewal Trademark License Framework
Agreement
6
Voter Rationale: The proposed Trademark License Framework Agreement would result in the company giving value away to the controlling shareholder for free.
Against For Approve Entry Into a Financial Services Framework Agreement Between the Companyand China National Aviation Finance Co., Ltd.
7
Voter Rationale: The proposed related-party transactions include a financial service agreement with the group finance company
Against For Approve Entry Into a Financial Services Framework Agreement between China National Aviation Finance Co., Ltd. and China National
Aviation Holding Company
8
Voter Rationale: The proposed related-party transactions include a financial service agreement with the group finance company
For For Elect Cai Jianjiang as Director 9.01
For For Elect Song Zhiyong as Director 9.02
For For Elect John Robert Slosar as Director 9.03
For For Elect Wang Xiaokang as Director 10.01
For For Elect Liu Deheng as Director 10.02
For For Elect Stanley Hui Hon-chung as Director 10.03
For For Elect Li Dajin as Director 10.04
For For Elect Wang Zhengang as Supervisor 11.01
For For Elect He Chaofan as Supervisor 11.02
For For Approve Expansion of Business Scope and Amend Articles of Association
12
Ausdrill Ltd.
Meeting Date: 10/27/2017 Country: Australia
Meeting Type: Annual Ticker: ASL
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Remuneration Report For Against
Voter Rationale: Vesting period is less than three years.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Ausdrill Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
Against For Elect Terrence John Strapp as Director 2
Voter Rationale: Non-independent member of the audit committee.
For For Elect Mark Andrew Hine as Director 3
For For Ratify the Past Issuance of Shares to New and
Existing Professional Investors
4
Banco BTG Pactual SA
Meeting Date: 10/27/2017 Country: Brazil
Meeting Type: Special Ticker: BPAC5
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Minutes of Meeting For For
For For Approve Agreement to Absorb Thor Comercializadora de Energia S.A.
2
For For Approve Agreement to Absorb BTG Pactual Servicos Energeticos Ltda.
3
For For Ratify Acal Auditores Independentes S/S as the Independent Firm to Appraise Proposed
Transactions
4
For For Approve Independent Firm's Appraisal on Thor Comercializadora de Energia S.A.
5
For For Approve Independent Firm's Appraisal on BTG Pactual Servicos Energeticos Ltda.
6
For For Approve Absorption of Thor Comercializadora de Energia S.A.
7
For For Approve Absorption of BTG Pactual Servicos Energeticos Ltda.
8
For For Authorize Board to Ratify and Execute Approved Resolutions
9
Bank of Communications Co., Ltd.
Meeting Date: 10/27/2017 Country: China
Meeting Type: Special Ticker: 3328
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Bank of Communications Co., Ltd.
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Amendments to Articles of Association and Authorize the Board to Delegate Authority to the Chairman or the President to Make Revisions to the Amendments to the Articles of Association
For Against
Voter Rationale: Proposed amendments may result in granting the Party Committee with legitimate authority to significantly influence the leadership and corporate governance of the company, allowing it to assert disproportionate influence over the board and expose shareholders to governance risks.
For For Amend Rules and Procedures Regarding General
Meetings of Shareholders
2
For For Amend Rules and Procedures Regarding Board
Meetings
3
For For Amend Working System for Independent
Directors
1
For For Approve Remuneration Plan of Directors 2
For For Approve Remuneration Plan of Supervisors 3
For For Approve Li Yao as Supervisor 4
Carsales.com Ltd.
Meeting Date: 10/27/2017 Country: Australia
Meeting Type: Annual Ticker: CAR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Approve the Remuneration Report For Against
Voter Rationale: An overly complex remuneration structure with a lack of disclosure around the LTIP award level.
For For Elect Walter Pisciotta as Director 3
For For Elect Richard Collins as Director 4
For For Elect Jeffrey Browne as Director 5
For For Approve Grant of Deferred Short Term Incentive Performance Rights to Cameron Mclntyre
6a
For For Approve Grant of Long Term Incentive Options and Performance Rights to Cameron Mclntyre
6b
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Carsales.com Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For Against Approve the Spill Resolution 7
Voter Rationale: Consecutive votes against the company's remuneration report.
Companhia de Saneamento de Minas Gerais (COPASA)
Meeting Date: 10/27/2017 Country: Brazil
Meeting Type: Special Ticker: CSMG3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Authorize Issuance of Non-Convertible Debentures Re: Loan Agreement
For For
Dongbu HiTek Co. Ltd.
Meeting Date: 10/27/2017 Country: South Korea
Meeting Type: Special Ticker: A000990
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles of Incorporation For For
EZ TEC Empreendimentos Participacoes S.A
Meeting Date: 10/27/2017 Country: Brazil
Meeting Type: Special Ticker: EZTC3
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Fiscal Council Member and Alternate Appointed by Minority Shareholder
None Abstain
Voter Rationale: No nominees have been put forward to vote upon.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Ford Otomotiv Sanayi AS
Meeting Date: 10/27/2017 Country: Turkey
Meeting Type: Special Ticker: FROTO
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Open Meeting and Elect Presiding Council of Meeting
For For
Against For Ratify Director Appointment 2
Voter Rationale: Lack of independence on the board.
For For Approve Special Dividend 3
Hong Leong Industries Berhad
Meeting Date: 10/27/2017 Country: Malaysia
Meeting Type: Annual Ticker: HLIND
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Remuneration of Directors For For
For For Elect Zaha Rina binti Zahari as Director 2
For For Elect Peter Ho Kok Wai as Director 3
For For Elect Quek Sue Yian as Director 4
Against For Elect Naquiah bt Almarhum Tuanku Ja'afar as Director
5
Voter Rationale: Length of tenure compromised independence
For For Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration
6
Against For Approve Ahmad Johari bin Tun Abdul Razak to Continue Office as Independent Non-Executive
Director
7
Voter Rationale: Length of tenure compromised independence
For For Approve Issuance of Equity or Equity-Linked
Securities without Preemptive Rights
8
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Hong Leong Company (Malaysia) Berhad and Persons Connected to Them
9
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Hong Leong Industries Berhad Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Hong Bee Hardware Company Sdn. Berhad and Hong Bee Hardware Company,
Sdn. Bhd. and Its Subsidiaries
10
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Yamaha Motor Co., Ltd and Its Subsidiaries
11
For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions with Hong Leong Investment Holdings Pte. Ltd. and Persons Connected to
Them
12
K3 Capital Group Plc
Meeting Date: 10/27/2017 Country: United Kingdom
Meeting Type: Annual Ticker: K3C
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 Martin Robinson as Director 3
For For Elect Ian Mattioli as Director 4
For For Elect John Rigby as Director 5
For For Elect Anthony Ford as Director 6
For For Elect Andrew Melbourne as Director 7
For For Elect Stuart Lees as Director 8
For For Appoint BDO LLP as Auditors 9
For For Authorise Board to Fix Remuneration of Auditors 10
For For Authorise Issue of Equity with Pre-emptive Rights
11
For For Authorise Issue of Equity without Pre-emptive Rights
12
For For Authorise Market Purchase of Ordinary Shares 13
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Pakistan Petroleum Ltd.
Meeting Date: 10/27/2017 Country: Pakistan
Meeting Type: Annual Ticker: PPL
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Accept Financial Statements and Statutory Reports
For For
For For Approve Final Dividend 2
Against For Approve A.F. Ferguson & Co. as Auditors and Authorize Board to Fix Their Remuneration
3
Voter Rationale: Second consecutive year where non-audit fees exceeded the total audit and audit-related fees paid to the company's auditor without satisfactory explanation
Qantas Airways Limited
Meeting Date: 10/27/2017 Country: Australia
Meeting Type: Annual Ticker: QAN
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2.1 Elect William Meaney as Director For For
For For Elect Paul Rayner as Director 2.2
For For Elect Todd Sampson as Director 2.3
For For Elect Richard Goyder as Director 2.4
For For Approve Grant of Performance Rights to Alan
Joyce
3
For For Approve Remuneration Report 4
Resurs Holding AB
Meeting Date: 10/27/2017 Country: Sweden
Meeting Type: Special Ticker: RESURS
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect Chairman of Meeting For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Resurs Holding AB Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
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
For For Approve Dividends of SEK 1.50 Per Share 7
For For Authorize Share Repurchase Program 8
Sunlight Real Estate Investment Trust
Meeting Date: 10/27/2017 Country: Hong Kong
Meeting Type: Annual Ticker: 435
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Authorize Repurchase of Issued Unit Capital For For
UNITE UK Student Accommodation Fund
Meeting Date: 10/27/2017 Country: Jersey
Meeting Type: Written Consent Ticker: N/A
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Amend Asset Management Fee For For
For For Amend Trust Instrument 2
Mediobanca SPA
Meeting Date: 10/28/2017 Country: Italy
Meeting Type: Annual Ticker: MB
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Mediobanca SPA
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Approve Financial Statements, Statutory
Reports, and Allocation of Income
For For
For None Approve Number of Directors 2.a
For None Slate 1 Submitted by Unicredit SpA 2.b.1
For None Approve Remuneration of Directors 2.c
Against None Slate 1 Submitted by Unicredit SpA 3.a.1
Voter Rationale: Supportive of Slate 2.
For None Slate 2 Submitted by Institutional Investors (Assogestioni)
3.a.2
For None Approve Internal Auditors' Remuneration 3.b
Against For Approve Remuneration Policy 4.a
Voter Rationale: Possibility of discretionary payments to directors for retention purposes as well as variable pay awarded to the Chairman.
For For Approve Fixed-Variable Compensation Ratio 4.b
For For Approve Severance Payments Policy 4.c
For For Approve Remuneration of Auditors 5
First International Bank of Israel Ltd.
Meeting Date: 10/30/2017 Country: Israel
Meeting Type: Annual Ticker: FTIN
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
4 Reappoint Somekh Chaikin as Auditors and Authorize Board to Fix Their Remuneration
For For
For For Reelect Daniel Furman as Banking Directive 301 External Director
5.1
For For Reelect Joseph Horowitz as External Director 5.2
For For Approve Employment Terms of Yehudit Dagan 6
For For Amend Articles Re: Indemnification 7
For For Issue Updated Indemnification Agreements to Non-Affiliated Directors
8
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
First International Bank of Israel Ltd. Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
For For Issue Updated Indemnification Agreements to
Affiliated Directors
9
For For Approve Director Exemption Letters 10
Against None Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
A
Voter Rationale: Administrative
Against None If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.
B1
Voter Rationale: Administrative
Against None If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR.
Otherwise, vote against.
B2
Voter Rationale: Administrative
For None 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.
B3
Pantheon International Plc
Meeting Date: 10/30/2017 Country: United Kingdom
Meeting Type: Special Ticker: PIN
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles of Association; Approve the Redemption; Authorise Issue of the ALN; Authorise Capitalisation of Share Premium Account; Authorise Issue of Deferred Shares to the Holders of Existing Redeemable Shares; Approve Capital Reorganisation
For For
For For Amend Articles of Association 2
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Pantheon International Plc
Meeting Date: 10/30/2017 Country: United Kingdom
Meeting Type: Special Ticker: PIN
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Sanction the Passing of the Special Resolutions set out in the EGM Notice dated 6 October 2017 and Sanction Every Abrogation of the Rights or Privileges Attached to the Ordinary Shares
For For
Alior Bank S.A.
Meeting Date: 10/31/2017 Country: Poland
Meeting Type: Special Ticker: ALR
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
2 Elect Meeting Chairman For For
For For Approve Agenda of Meeting 4
Against None Elect Supervisory Board Member 5
Voter Rationale: The proposed nominee's name has not been disclosed.
For None Approve Decision on Covering Costs of Convocation of Extraordinary Meeting of
Shareholders
6
Bendigo and Adelaide Bank Ltd.
Meeting Date: 10/31/2017 Country: Australia
Meeting Type: Annual Ticker: BEN
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
2 Elect Jacquie Hey as Director For For
For For Elect Jim Hazel as Director 3
For For Approve Remuneration Report 4
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Charter Hall Retail REIT
Meeting Date: 10/31/2017 Country: Australia
Meeting Type: Annual Ticker: CQR
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Elect Michael Gorman as Director For For
Against For Elect John Harkness as Director 2
Voter Rationale: Lack of independence on the board.
China Cinda Asset Management Co., Ltd.
Meeting Date: 10/31/2017 Country: China
Meeting Type: Special Ticker: 1359
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Amend Articles of Association For Abstain
Voter Rationale: The proposed amendments to the company's Articles of Association and Rules of Procedures of Board Meetings may result in explicitly granting the Party Committee with legitimate authority to assert disproportionate influence over the board and its committees, and expose shareholders to governance risks
For For Approve Subscription of Non-Publicly Issued Shares of Cinda Real Estate Co., Ltd. by the Company
2
For For Amend Rules and Procedures Regarding General
Meetings of Shareholders
3
Abstain For Amend Rules and Procedures Regarding Meetings of Board of Directors
4
Voter Rationale: The proposed amendments to the company's Articles of Association and Rules of Procedures of Board Meetings may result in explicitly granting the Party Committee with legitimate authority to assert disproportionate influence over the board and its committees, and expose shareholders to governance risks
For For Amend Rules and Procedures Regarding
Meetings of Board of Supervisors
5
For For Approve Remuneration Settlement Scheme of
Directors for 2016
6
For For Approve Remuneration Settlement Scheme of
Supervisors for 2016
7
City of London Investment Trust plc
Meeting Date: 10/31/2017 Country: United Kingdom
Meeting Type: Annual Ticker: CTY
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
City of London Investment Trust plc
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Accept Financial Statements and Statutory
Reports
For For
For For Approve Remuneration Policy 2
For For Approve Remuneration Report 3
For For Re-elect Philip Remnant as Director 4
For For Re-elect Simon Barratt as Director 5
For For Re-elect David Brief as Director 6
For For Re-elect Martin Morgan as Director 7
For For Re-elect Samantha Wren 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 with Pre-emptive
Rights
11
For For Authorise Issue of Equity without Pre-emptive
Rights
12
For For Authorise Market Purchase of Ordinary Shares 13
For For Authorise Market Purchase of the Preferred
Stock
14
For For Authorise the Company to Call General Meeting
with Two Weeks' Notice
15
Imagination Technologies Group Plc
Meeting Date: 10/31/2017 Country: United Kingdom
Meeting Type: Special Ticker: IMG
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Matters Relating to the Acquisition of Imagination Technologies Group plc by CBFI
Investment Limited
For For
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
Imagination Technologies Group Plc
Meeting Date: 10/31/2017 Country: United Kingdom
Meeting Type: Court Ticker: IMG
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1 Approve Scheme of Arrangement For For
PICC Property and Casualty Co., Ltd.
Meeting Date: 10/31/2017 Country: China
Meeting Type: Special Ticker: 2328
Proposal Number
Proposal Text
Mgmt Rec
Vote Instruction
1 Elect Yun Zhen as Director For For
For For Elect Wang Dedi as Director 2
For For Elect Qu Xiaohui as Director 3
Synaptics Incorporated
Meeting Date: 10/31/2017 Country: USA
Meeting Type: Annual Ticker: SYNA
Proposal
Number
Proposal Text
Mgmt Rec
Vote
Instruction
1a Elect Director Francis F. Lee For For
For For Elect Director Nelson C. Chan 1b
For For Elect Director Richard L. Sanquini 1c
Against For Advisory Vote to Ratify Named Executive Officers' Compensation
2
Voter Rationale: The minimum vesting period is less than three years.
One Year One Year Advisory Vote on Say on Pay Frequency 3
For For Ratify KPMG LLP as Auditors 4
Against For Amend Omnibus Stock Plan 5
Voter Rationale: The dilution exceeds 10 percent.
Vote Summary Report Date range covered: 10/01/2017 to 10/31/2017
SCH19975
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