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Ticker: MC
Meeting date: 30/06/2020
Meeting type: Annual/Special
Proposal Mgt rec Vote
Management proposals
1 Approve Financial Statements and Statutory Reports For For
2 Approve Consolidated Financial Statements and Statutory Reports For For
3 Approve Allocation of Income and Dividends of EUR 4.80 per Share For For
4 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 For Against
5 Reelect Delphine Arnault as Director For For
6 Reelect Antonio Belloni as Director For For
7 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 For Against
8 Reelect Marie-Josee Kravis as Director For For
9 Reelect Marie-Laure Sauty de Chalon as Director For For
10 Elect Natacha Valla as Director For For
11 Appoint Lord Powell of Bayswater as Censor For For
12 Approve Compensation Report of Corporate Officers For For
13 Approve Compensation of Bernard Arnault, Chairman and CEO For For
14 Approve Compensation of Antonio Belloni, Vice-CEO For For
15 Approve Remuneration Policy of Corporate Officers For For
16 Approve Remuneration Policy of Chairman and CEO For For
17 Approve Remuneration Policy of Vice-CEO For For
18 Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For
19 Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For
20 Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans For For
21 Amend Article 11 of Bylaws Re: Employee Representative For For
22 Amend Article 13 of Bylaws Re: Board Members Deliberation via Written Consultation For For
23 Amend Article 14 of Bylaws Re: Board Powers For For
24 Amend Article 20, 21, 23 and 25 of Bylaws to Comply with Legal Changes For 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:

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