LVMH Moet Hennessy Louis Vuitton SE
Ticker: MC
Meeting date: 21/04/2022
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 10 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 Bernard Arnault as Director | Mgt rec For | Vote For |
| 6 | Proposal Reelect Sophie Chassat as Director | Mgt rec For | Vote For |
| 7 | Proposal Reelect Clara Gaymard as Director | Mgt rec For | Vote For |
| 8 | Proposal Reelect Hubert Vedrine as Director | Mgt rec For | Vote For |
| 9 | Proposal Renew Appointment of Yann Arthus-Bertrand as Censor | Mgt rec For | Vote For |
| 10 | Proposal Approve Remuneration of Directors in the Aggregate Amount of EUR 1.45 Million | Mgt rec For | Vote For |
| 11 | Proposal Renew Appointment of Mazars as Auditor | Mgt rec For | Vote For |
| 12 | Proposal Appoint Deloitte as Auditor | Mgt rec For | Vote For |
| 13 | Proposal Acknowledge End of Mandate of Auditex and Olivier Lenel as Alternate Auditors and Decision Not to Renew | Mgt rec For | Vote For |
| 14 | Proposal Approve Compensation Report of Corporate Officers | Mgt rec For | Vote For |
| 15 | Proposal Approve Compensation of Bernard Arnault, Chairman and CEO | Mgt rec For | Vote For |
| 16 | Proposal Approve Compensation of Antonio Belloni, Vice-CEO | Mgt rec For | Vote For |
| 17 | Proposal Approve Remuneration Policy of Directors | Mgt rec For | Vote For |
| 18 | Proposal 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 | Mgt rec For | Vote Against |
| 19 | Proposal 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 | Mgt rec For | Vote Against |
| 20 | Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Mgt rec For | Vote For |
| 21 | Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares | Mgt rec For | Vote For |
| 22 | Proposal Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans | Mgt rec For | Vote For |
| 23 | Proposal 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 | 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:
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