H&M Hennes & Mauritz AB
Ticker: HM.B
Meeting date: 03/05/2016
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Open Meeting | Mgt rec None | Vote None |
| 2 | Proposal Elect Chairman of Meeting | Mgt rec For | Vote For |
| 3 | Proposal Receive President's Report; Allow Questions | Mgt rec None | Vote None |
| 4 | Proposal Prepare and Approve List of Shareholders | Mgt rec For | Vote For |
| 5 | Proposal Approve Agenda of Meeting | Mgt rec For | Vote For |
| 6 | Proposal Designate Inspector(s) of Minutes of Meeting | Mgt rec For | Vote For |
| 7 | Proposal Acknowledge Proper Convening of Meeting | Mgt rec For | Vote For |
| 8a | Proposal Receive Financial Statements and Statutory Reports | Mgt rec None | Vote None |
| 8b | Proposal Receive Auditor Report | Mgt rec None | Vote None |
| 8c | Proposal Receive Chairman Report | Mgt rec None | Vote None |
| 8d | Proposal Receive Nominating Committee Report | Mgt rec None | Vote None |
| 9a | Proposal Accept Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 9b | Proposal Approve Allocation of Income and Dividends of SEK 9.75 Per Share | Mgt rec For | Vote For |
| 9c | Proposal Approve Discharge of Board and President | Mgt rec For | Vote For |
| 10 | Proposal Determine Number of Directors (8) and Deputy Directors (0) of Board | Mgt rec For | Vote For |
| 11 | Proposal Approve Remuneration of Directors in the Amount of SEK 1.6 Million for Chairman, SEK 575,000 for the Other Directors; Approve Remuneration of Committee Work; Approve Remuneration of Auditors | Mgt rec For | Vote For |
| 12 | Proposal Reelect Anders Dahlvig, Lena Patriksson Keller, Stefan Persson (Chairman), Melker Schorling, Christian Sievert and Niklas Zennstrom as Directors. Elect Stina Honkamaa Bergfors and Erica Wiking Hager as New Directors | Mgt rec For | Vote For |
| 13 | Proposal Elect Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of the Nominating Committee; Approve Nominating Committee Guidelines | Mgt rec For | Vote For |
| 14 | Proposal Approve Remuneration Policy And Other Terms of Employment For Executive Management | Mgt rec For | Vote For |
| 15 | Proposal Amend Articles Re: Corporate Purpose; Auditor Term; Publication of AGM Notice; Editorial Amendments | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 16a | Proposal Adopt a Zero Vision Regarding Anorexia Within the Industry | Mgt rec None | Vote Against |
| 16b | Proposal Require Board to Appoint Working Group Regarding Anorexia Within the Industry | Mgt rec None | Vote Against |
| 16c | Proposal Instruct the Board to Yearly Report to the AGM in Writing the Progress Concerning Anorexia Within the Industry | Mgt rec None | Vote Against |
| 16d | Proposal Adopt a Vision for Absolute Gender Equality on All Levels Within the Company | Mgt rec None | Vote Against |
| 16e | Proposal Instruct the Board to Set Up a Working Group Concerning Gender and Ethnicity Diversification Within the Company | Mgt rec None | Vote Against |
| 16f | Proposal Require the Results from the Working Group Concerning Item 14d to be Reported to the AGM | Mgt rec None | Vote Against |
| 16g | Proposal Request Board to Take Necessary Action to Create a Shareholders' Association | Mgt rec None | Vote Against |
| 16h | Proposal Prohibit Directors from Being Able to Invoice Director's Fees via Swedish and Foreign Legal Entities | Mgt rec None | Vote Against |
| 16i | Proposal Request Board to Propose to the Swedish Government to Draw Attention to the Need for a Change in the Rules in the Area Regarding Invoicing | Mgt rec None | Vote Against |
| 16j | Proposal Instruct the Nomination Committee to Pay Extra Attention to Questions Concerning Ethics, Gender, and Ethnicity | Mgt rec None | Vote Against |
| 16k | Proposal Request Board to Propose to the Swedish Government to Draw Attention to the Need for Introducing a | Mgt rec None | Vote Against |
| 16l | Proposal Instruct the Board to Prepare a Proposal for the Representation of Small- and Midsized Shareholders in the Board and Nomination Committee | Mgt rec None | Vote Against |
| 16m | Proposal Request Board to Propose to the Swedish Government Legislation on the Abolition of Voting Power Differences in Swedish Limited Liability Companies | Mgt rec None | Vote Against |
| 17a | Proposal Amend Articles of Association: Both Class A Shares and Class B Shares are Entitled to One Vote Each | Mgt rec None | Vote For |
| 17b | Proposal Amend Articles Re: Former Politicians on the Board of Directors | Mgt rec None | Vote Against |
| Management proposals | |||
| 18 | Proposal Close Meeting | Mgt rec None | Vote None |
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.
- No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
- To be clear, Norges Bank has no duty of care in respect of any third party who decides to view this disclosure, which shall be done entirely at their own risk.
- Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
- Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
- Norges Bank is not subject to any prohibition on securities lending, trading or other activity as a result of this disclosure at any point prior to or after the publication of this disclosure.