Management proposals |
1a
|
Elect Director Michele Burns
|
For
|
For
|
1b
|
Elect Director Mark Flaherty
|
For
|
For
|
1c
|
Elect Director Kimberley Harris
|
For
|
For
|
1d
|
Elect Director Kevin Johnson
|
For
|
For
|
1e
|
Elect Director Ellen Kullman
|
For
|
For
|
1f
|
Elect Director Lakshmi Mittal
|
For
|
For
|
1g
|
Elect Director Adebayo Ogunlesi
|
For
|
For
|
1h
|
Elect Director Peter Oppenheimer
|
For
|
For
|
1i
|
Elect Director David Solomon
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
|
1j
|
Elect Director Jan Tighe
|
For
|
For
|
1k
|
Elect Director Jessica Uhl
|
For
|
For
|
1l
|
Elect Director David Viniar
|
For
|
For
|
2
|
Advisory Vote to Ratify Named Executive Officers' Compensation
|
For
|
For
|
3
|
Advisory Vote on Say on Pay Frequency
|
One year
|
One year
|
4
|
Ratify PricewaterhouseCoopers LLP as Auditors
|
For
|
For
|
Shareholder proposals |
5
|
Report on Lobbying Payments and Policy
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|
6
|
Require Independent Board Chair
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
|
7
|
Publish Third-Party Review on Chinese Congruency of Certain ETFs
|
Against
|
Against
|
8
|
Oversee and Report a Racial Equity Audit
|
Against
|
Against
|
9
|
Adopt Time-Bound Policy to Phase Out Underwriting and Lending for New Fossil Fuel Development
|
Against
|
Against
|
10
|
Disclose 2030 Absolute GHG Reduction Targets Associated with Lending and Underwriting
|
Against
|
Against
|
11
|
Report on Climate Transition Plan Describing Efforts to Align Financing Activities with GHG Targets
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|
12
|
Report on Median Gender/Racial Pay Gap
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|