Kaufman & Broad SA
Ticker: KOF
Meeting date: 05/05/2020
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 Allocation of Income and Dividends of EUR 1.75 per Share | Mgt rec For | Vote For |
| 3 | Proposal Approve Consolidated Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 4 | Proposal Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions | Mgt rec For | Vote For |
| 5 | Proposal Approve Remuneration Policy of Chairman and CEO | Mgt rec For | Vote For |
| 6 | Proposal Approve Remuneration Policy of Directors | Mgt rec For | Vote For |
| 7 | Proposal Approve Compensation of Chairman and CEO | Mgt rec For | Vote For |
| 8 | Proposal Approve Compensation Report of Corporate Officers | Mgt rec For | Vote For |
| 9 | Proposal Ratify Appointment of Andre Martinez as Director | Mgt rec For | Vote For |
| 10 | Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Mgt rec For | Vote For |
| 11 | Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares | Mgt rec For | Vote For |
| 12 | Proposal Authorize Capital Issuances for Use in Employee Stock Purchase Plans | Mgt rec For | Vote For |
| 13 | Proposal Authorize up to 250,000 Shares for Use in Restricted Stock Plans | Mgt rec For | Vote For |
| 14 | Proposal Amend Article 10 of Bylaws Re: Shareholder Employee Representatives | Mgt rec For | Vote For |
| 15 | Proposal Amend Article 10 of Bylaws Re: Employee Representatives | Mgt rec For | Vote For |
| 16 | Proposal Amend Article 24 of Bylaws Re: Dividends | Mgt rec For | Vote For |
| 17 | Proposal Amend Article 7 of Bylaws Re: Shareholding Disclosure Thresholds Vote rationale: Anti-takeover measures are generally not in the interest of shareholders, and the introduction of such measures should, at a minimum, be subject to shareholder approval. We define anti-takeover measures to include any mechanism likely to deter or frustrate takeovers. Global Voting Guidelines | Mgt rec For | Vote Against |
| 18 | Proposal Amend Article 11 of Bylaws Re: Chairman of the Board and Lead Director | Mgt rec For | Vote For |
| 19 | Proposal Amend Article 12 of Bylaws Re: Board Members Deliberation via Written Consultation | Mgt rec For | Vote For |
| 20 | Proposal Amend Article 16 of Bylaws Re: Censors Remuneration | Mgt rec For | Vote For |
| 21 | Proposal Authorize Filing of Required Documents/Other Formalities | 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.
- 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.
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