GE Aerospace

Ticker: GE
Meeting date: 05/05/2020
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1 Elect Director Sebastien Bazin For For
2 Elect Director Ashton Carter For For
3 Elect Director H. Lawrence Culp, Jr. Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO For Against
4 Elect Director Francisco D'Souza For For
5 Elect Director Edward Garden For For
6 Elect Director Thomas W. Horton For For
7 Elect Director Risa Lavizzo-Mourey For For
8 Elect Director Catherine Lesjak For For
9 Elect Director Paula Rosput Reynolds For For
10 Elect Director Leslie Seidman For For
11 Elect Director James Tisch For For
12 Advisory Vote to Ratify Named Executive Officers' Compensation Vote rationale: The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration. Global Voting Guidelines CEO remuneration For Against
13 Ratify KPMG LLP as Auditors For For
Shareholder proposals
14 Require Independent Board Chairman Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO Against For

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