LVMH Moet Hennessy Louis Vuitton SE

Ticker: MC
Meeting date: 20/04/2023
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 12.00 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 Marie-Josee Kravis as Director For For
8 Reelect Marie-Laure Sauty de Chalon as Director For For
9 Reelect Natacha Valla as Director For For
10 Elect Laurent Mignon as Director For For
11 Renew Appointment of Lord Powell of Bayswater as Censor For For
12 Appoint Diego Della Valle as Censor For For
13 Approve Compensation Report of Corporate Officers For For
14 Approve Compensation of Bernard Arnault, Chairman and CEO For For
15 Approve Compensation of Antonio Belloni, Vice-CEO For For
16 Approve Remuneration Policy of Directors For For
17 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
18 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
19 Authorize Repurchase of Up to 10 Percent of Issued Share Capital For For
20 Authorize Decrease in Share Capital via Cancellation of Repurchased Shares For For
21 Authorize Capitalization of Reserves of Up to EUR 20 Million for Bonus Issue or Increase in Par Value For For
22 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 20 Million For For
23 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights With Binding Priority Right up to Aggregate Nominal Amount of EUR 20 Million For For
24 Approve Issuance of Equity or Equity-Linked Securities for Qualified Investors, up to Aggregate Nominal Amount of EUR 20 Million For For
25 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above For For
26 Authorize Capital Increase of Up to EUR 20 Million for Future Exchange Offers For For
27 Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind For For
28 Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plans Reserved for Employees and Corporate Officers For For
29 Authorize Capital Issuances for Use in Employee Stock Purchase Plans For For
30 Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 20 Million 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:

  • 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.
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