Boubyan Petrochemical Co. KSC

Ticker: BPCC
Meeting date: 09/06/2021
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1 Approve Board Report on Company Operations for the FY Ended 30/04/2021 For For
2 Approve Corporate Governance Report and Audit Committee Report for the FY Ended 30/04/2021 For For
3 Approve Auditors' Report on Company Financial Statements for the FY Ended 30/04/2021 For For
4 Accept Consolidated Financial Statements and Statutory Reports for the FY Ended 30/04/2021 For For
5 Approve Special Report on Violations and Penalties for the FY Ended 30/04/2021 For For
6 Approve Dividends of KWD 0.055 Per Share for the FY Ended 30/04/2021 For For
7 Discussing Board Recommendation for Paying Cash Dividends of KWD 0.055 Per Share for FY 2021, 2022 and 2023 For For
8 Discussing Board Recommendation to Discontinue the Deduction of 10 Percent to Voluntary Reserve for the FY Ended 30/04/2021 For For
9 Discussing Board Recommendation to Discontinue the Deduction of 10 Percent to Statutory Reserve for the FY Ended 30/04/2021 For For
10 Approve Remuneration of Directors of KWD 90,000 for the FY Ended 30/04/2021 For For
11 Authorize Share Repurchase Program of Up to 10 Percent of Issued Share Capital For For
12 Approve Related Party Transactions for the FY Ended 30/04/2021 and for the FY Ending on 30/04/2022 Vote rationale: Transactions between related parties should be avoided unless they are demonstrably beneficial to all shareholders. The board should disclose the name and affiliation of each party involved, value and cost of the transaction, and business rationale. Global Voting Guidelines Related-party transactions For Against
13 Approve Discharge of Directors for the FY Ended 30/04/2021 For For
14 Ratify Auditors and Fix Their Remuneration for the FY Ending on 30/04/2022 Vote rationale: The external auditor should act in an independent manner. We will consider the auditor’s independence and any concerns about the accounts or audit procedures. Excessive non-audit-related fees represent a potential conflict of interest and should be avoided. Global Voting Guidelines For Against

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