Proposal Mgt rec Vote
Management proposals
1 Receive Financial Statements and Statutory Reports for Fiscal Year 2023 (Non-Voting) None None
2 Approve Allocation of Income and Dividends of EUR 0.70 per Share For For
3 Approve Discharge of Management Board for Fiscal Year 2023 For For
4 Approve Discharge of Supervisory Board for Fiscal Year 2023 For For
5 Approve Remuneration Report 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
6 Approve Remuneration Policy For For
7.1 Reelect Ian Gallienne to the Supervisory Board Until 2026 AGM For For
7.2 Reelect Jackie Joyner-Kersee to the Supervisory Board Until 2028 AGM For For
7.3 Reelect Christian Klein to the Supervisory Board Until 2028 AGM For For
7.4 Reelect Thomas Rabe to the Supervisory Board Until 2025 AGM For For
7.5 Reelect Nassef Sawiris to the Supervisory Board Until 2026 AGM For For
7.6 Reelect Bodo Uebber to the Supervisory Board Until 2027 AGM For For
7.7 Reelect Jing Ulrich to the Supervisory Board Until 2027 AGM For For
7.8 Elect Oliver Mintzlaff to the Supervisory Board Until 2028 AGM For For
8 Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal Year 2024 and for the Review of Interim Financial Statements for the First Half of Fiscal Year 2024 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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