LVMH Moet Hennessy Louis Vuitton SE
Ticker: MC
Meeting date: 30/06/2020
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 Allocation of Income and Dividends of EUR 4.80 per Share | Mgt rec For | Vote For |
| 4 | Proposal Approve Auditors' Special Report on Related-Party Transactions 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 | Mgt rec For | Vote Against |
| 5 | Proposal Reelect Delphine Arnault as Director | Mgt rec For | Vote For |
| 6 | Proposal Reelect Antonio Belloni as Director | Mgt rec For | Vote For |
| 7 | Proposal Reelect Diego Della Valle as Director Vote rationale: Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings. Global Voting Guidelines Time commitment of board members | Mgt rec For | Vote Against |
| 8 | Proposal Reelect Marie-Josee Kravis as Director | Mgt rec For | Vote For |
| 9 | Proposal Reelect Marie-Laure Sauty de Chalon as Director | Mgt rec For | Vote For |
| 10 | Proposal Elect Natacha Valla as Director | Mgt rec For | Vote For |
| 11 | Proposal Appoint Lord Powell of Bayswater as Censor | Mgt rec For | Vote For |
| 12 | Proposal Approve Compensation Report of Corporate Officers | Mgt rec For | Vote For |
| 13 | Proposal Approve Compensation of Bernard Arnault, Chairman and CEO | Mgt rec For | Vote For |
| 14 | Proposal Approve Compensation of Antonio Belloni, Vice-CEO | Mgt rec For | Vote For |
| 15 | Proposal Approve Remuneration Policy of Corporate Officers | Mgt rec For | Vote For |
| 16 | Proposal Approve Remuneration Policy of Chairman and CEO | Mgt rec For | Vote For |
| 17 | Proposal Approve Remuneration Policy of Vice-CEO | Mgt rec For | Vote For |
| 18 | Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Mgt rec For | Vote For |
| 19 | Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares | Mgt rec For | Vote For |
| 20 | Proposal Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans | Mgt rec For | Vote For |
| 21 | Proposal Amend Article 11 of Bylaws Re: Employee Representative | Mgt rec For | Vote For |
| 22 | Proposal Amend Article 13 of Bylaws Re: Board Members Deliberation via Written Consultation | Mgt rec For | Vote For |
| 23 | Proposal Amend Article 14 of Bylaws Re: Board Powers | Mgt rec For | Vote For |
| 24 | Proposal Amend Article 20, 21, 23 and 25 of Bylaws to Comply with Legal Changes | Mgt rec For | Vote 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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