McDonald's Corporation

Ticker: MCD
Meeting date: 25/05/2023
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Anthony Capuano For For
1b Elect Director Kareem Daniel For For
1c Elect Director Lloyd Dean For For
1d Elect Director Catherine Engelbert For For
1e Elect Director Margaret Georgiadis For For
1f Elect Director Enrique Hernandez, Jr. Vote rationale: We will not support the re-election of a director, or the entire board, if the company has experienced material failures in the oversight, management or disclosure of social risks. Global Voting Guidelines Expectation documents For Against
1g Elect Director Christopher Kempczinski For For
1h Elect Director Richard Lenny Vote rationale: We will not support the re-election of a director, or the entire board, if the company has experienced material failures in the oversight, management or disclosure of social risks. Global Voting Guidelines Expectation documents For Against
1i Elect Director John Mulligan For For
1j Elect Director Jennifer Taubert For For
1k Elect Director Paul Walsh For For
1l Elect Director Amy Weaver For For
1m Elect Director Miles White 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 Ernst & Young LLP as Auditors For For
Shareholder proposals
5 Adopt Policy to Phase Out Use of Medically-Important Antibiotics in Beef and Pork Supply Chain Against Against
6 Comply with World Health Organization Guidelines on Antimicrobial Use Throughout Supply Chains 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
7 Report on Risks Related to Operations in China Against Against
8 Report on Civil Rights and Non-Discrimination Audit Against Against
9 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
10 Issue Transparency Report on Global Public Policy and Political Influence 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
11 Report on Animal Welfare 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

Disclaimer

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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