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L'Oreal SA

Ticker: OR

Meeting date: 20/04/2016

Meeting type: Annual/Special

Proposal Mgt rec Vote
Management proposals
1 Proposal Approve Financial Statements and Statutory Reports Mgt rec For Vote For
2 Proposal Approve Consolidated Financial Statements and Statutory Reports Mgt rec For Vote For
3 Proposal Approve Allocation of Income and Dividends of EUR 3.10 per Ordinary Share and EUR 3.41 per Long-Term Registered Share Mgt rec For Vote For
4 Proposal Approve End of Transaction with Nestle Re: Inneov Mgt rec For Vote For
5 Proposal Elect Beatrice Guillaume-Grabisch as Director Mgt rec For Vote For
6 Proposal Elect Eileen Naughton as Director Mgt rec For Vote For
7 Proposal Reelect Jean-Pierre Meyers as Director Mgt rec For Vote For
8 Proposal Reelect Bernard Kasriel as Director Mgt rec For Vote For
9 Proposal Reelect Jean-Victor Meyers as Director Mgt rec For Vote For
10 Proposal Renew Appointments of PricewaterhouseCoopers Audit as Auditor and Appoint Jean-Christophe Georghiou as Alternate Auditor Mgt rec For Vote For
11 Proposal Renew Appointments of Deloitte and Associes as Auditor and Beas as Alternate Auditor Mgt rec For Vote For
12 Proposal Advisory Vote on Compensation of Jean Paul Agon, Chairman and CEO Mgt rec For Vote For
13 Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
14 Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares Mgt rec For Vote For
15 Proposal Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plans Mgt rec For Vote For
16 Proposal Authorize Capital Issuances for Use in Employee Stock Purchase Plans Mgt rec For Vote For
17 Proposal Authorize Filing of Required Documents/Other Formalities Mgt rec For Vote For


This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:

  • This disclosure is provided for information purposes only. It does not constitute advice and should not be taken as a recommendation or an instruction on any matter, including whether any relevant third party should buy, sell or retain shares, or how any third party should exercise any voting rights they may have. Any person who wishes to obtain advice should seek this from a professional adviser. This disclosure is not a proxy solicitation and is not intended to influence the vote of other shareholders.
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  • Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
  • Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
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