Banco BPM SpA

Ticker: BAMI
Meeting date: 20/04/2023
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1 Accept Financial Statements and Statutory Reports For For
2 Approve Allocation of Income For For
3.1 Approve Remuneration Policy For For
3.2 Approve Second Section of the Remuneration Report For For
4 Approve Severance Payments Policy For For
5 Approve 2023 Short-Term Incentive Plan For For
6 Authorize Share Repurchase Program and Reissuance of Repurchased Shares to Service 2023 Short-Term Incentive Plan For For
7.1 Slate 1 Submitted by Management Vote rationale: The board should guide company strategy and monitor management performance without conflicts of interest. A majority of shareholder-elected board members in a non-controlled company should be independent of management, dominant shareholders, and related third parties. In a majority-controlled company, at least a third of board members should be independent. Global Voting Guidelines Board independence For Against
Shareholder proposals
7.2 Slate 2 Submitted by Shareholders - Employees None Against
7.3 Slate 3 Submitted by Institutional Investors (Assogestioni) None For
8.1 Slate 1 Submitted by Institutional Investors (Assogestioni) None For
8.2 Slate 2 Submitted by Foundations None Against
8.3 Slate 3 Submitted by DL Partners Opportunities Master Fund Ltd and DL Partners A Fund LP None Against
Management proposals
9 Approve Remuneration of Directors For For
10 Approve Internal Auditors' Remuneration 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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