LVMH Moet Hennessy Louis Vuitton SE

Ticker: MC
Meeting date: 21/04/2022
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 10 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 Bernard Arnault as Director For For
6 Reelect Sophie Chassat as Director For For
7 Reelect Clara Gaymard as Director For For
8 Reelect Hubert Vedrine as Director For For
9 Renew Appointment of Yann Arthus-Bertrand as Censor For For
10 Approve Remuneration of Directors in the Aggregate Amount of EUR 1.45 Million For For
11 Renew Appointment of Mazars as Auditor For For
12 Appoint Deloitte as Auditor For For
13 Acknowledge End of Mandate of Auditex and Olivier Lenel as Alternate Auditors and Decision Not to Renew For For
14 Approve Compensation Report of Corporate Officers For For
15 Approve Compensation of Bernard Arnault, Chairman and CEO For For
16 Approve Compensation of Antonio Belloni, Vice-CEO For For
17 Approve Remuneration Policy of Directors For For
18 Approve Remuneration Policy of Chairman and CEO Vote rationale: The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration. Global Voting Guidelines CEO remuneration For Against
19 Approve Remuneration Policy of Vice-CEO Vote rationale: The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration. Global Voting Guidelines CEO remuneration For Against
20 Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For
21 Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For
22 Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans For For
23 Amend Article 16 and 24 of Bylaws Re: Age Limit of CEO and 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 For 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:

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