LVMH Moet Hennessy Louis Vuitton SE
Ticker: MC
Meeting date: 13/04/2017
Meeting type: Annual/Special
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Approve Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 2 | Proposal Approve Consolidated Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 3 | Proposal Approve Auditors' Special Report on Related-Party Transactions | Mgt rec For | Vote Against |
| 4 | Proposal Approve Allocation of Income and Dividends of EUR 4.00 per Share | Mgt rec For | Vote For |
| 5 | Proposal Reelect Delphine Arnault as Director | Mgt rec For | Vote For |
| 6 | Proposal Reelect Nicolas Bazire as Director | Mgt rec For | Vote For |
| 7 | Proposal Reelect Antonio Belloni as Director | Mgt rec For | Vote For |
| 8 | Proposal Reelect Diego Della Valle as Director | Mgt rec For | Vote For |
| 9 | Proposal Reelect Marie-Josee Kravis as Director | Mgt rec For | Vote For |
| 10 | Proposal Reelect Marie-Laure Sauty de Chalon as Director | Mgt rec For | Vote For |
| 11 | Proposal Appoint Pierre Gode as Censor | Mgt rec For | Vote For |
| 12 | Proposal Appoint Albert Frere as Censor | Mgt rec For | Vote For |
| 13 | Proposal Renew Appointment of Paolo Bulgari as Censor | Mgt rec For | Vote For |
| 14 | Proposal Non-Binding Vote on Compensation of Bernard Arnault, CEO and Chairman | Mgt rec For | Vote For |
| 15 | Proposal Non-Binding Vote on Compensation of Antonio Belloni, Vice-CEO | Mgt rec For | Vote For |
| 16 | Proposal Approve Remuneration Policy for Executive Corporate Officers | Mgt rec For | Vote For |
| 17 | Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Mgt rec For | Vote For |
| 18 | Proposal Authorize Capitalization of Reserves of Up to EUR 50 Million for Bonus Issue or Increase in Par Value | Mgt rec For | Vote Against |
| 19 | Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares | Mgt rec For | Vote For |
| 20 | Proposal Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million | Mgt rec For | Vote For |
| 21 | Proposal Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million | Mgt rec For | Vote Against |
| 22 | Proposal Approve Issuance of Equity or Equity-Linked Securities for up to 20 Percent of Issued Capital Per Year for Private Placements, up to Aggregate Nominal Amount of EUR 50 Million | Mgt rec For | Vote Against |
| 23 | Proposal Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights | Mgt rec For | Vote Against |
| 24 | Proposal Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Mgt rec For | Vote Against |
| 25 | Proposal Authorize Capital Increase of Up to EUR 50 Million for Future Exchange Offers | Mgt rec For | Vote Against |
| 26 | Proposal Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind | Mgt rec For | Vote For |
| 27 | Proposal Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plans | Mgt rec For | Vote For |
| 28 | Proposal Authorize Capital Issuances for Use in Employee Stock Purchase Plans | Mgt rec For | Vote For |
| 29 | Proposal Set Total Limit for Capital Increase to Result from Item 19 of the 2016 AGM and All Issuance Requests Above at EUR 50 Million | Mgt rec For | Vote For |
| 30 | Proposal Amend Articles 4 and 23 of Bylaws Re: Headquarters, Double Voting Rights, and Powers of the Extraordinary General Meeting | Mgt rec For | Vote Against |
| 31 | Proposal Delegate Power to the Board of Directors to Amend the Bylaws to Comply with New Regulation | Mgt rec For | Vote Against |
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.
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- 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.
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