Boubyan Petrochemical Co. KSC

Ticker: BPCC
Meeting date: 01/06/2022
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1 Approve Board Report on Company Operations for FY Ended 30/04/2022 For For
2 Approve Corporate Governance Report and Audit Committee Report for FY Ended 30/04/2022 For For
3 Approve Auditors' Report on Company Financial Statements FY Ended 30/04/2022 For For
4 Accept Consolidated Financial Statements and Statutory Reports for FY Ended 30/04/2022 For For
5 Approve Special Report on Violations and Penalties for FY Ended 30/04/2022 For For
6 Approve Dividends of KWD 0.06 per Share for FY Ended 30/04/2022 For For
7 Discussing Board Recommendation for Paying Cash Dividends of KWD 0.06 Per Share for FY 2022, 2023 and 2024 For For
8 Discussing Board Recommendation to Discontinue the Transfer of 10 Percent to Optional Reserve for FY Ended 30/04/2022 For For
9 Discussing Board Recommendation to Discontinue the Transfer of 10 Percent to Statutory Reserve for FY Ended 30/04/2022 For For
10 Approve Remuneration of Directors of KWD 90,000 for FY Ended 30/04/2022 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 30/04/2022 and for FY Ending on 30/04/2023 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 FY Ended 30/04/2022 For For
14 Ratify Auditors and Fix Their Remuneration for FY Ending on 30/04/2023 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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