| Management proposals |
|
1.1
|
Elect Director Peggy Alford
|
For
|
For
|
|
1.2
|
Elect Director Marc L. Andreessen
|
For
|
For
|
|
1.3
|
Elect Director John Arnold
|
For
|
For
|
|
1.4
|
Elect Director Patrick Collison
|
For
|
For
|
|
1.5
|
Elect Director John Elkann
Vote rationale:
Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings.
Global Voting Guidelines
Time commitment of board members
|
For
|
Withhold
|
|
1.6
|
Elect Director Andrew W. Houston
|
For
|
For
|
|
1.7
|
Elect Director Nancy Killefer
|
For
|
For
|
|
1.8
|
Elect Director Robert M. Kimmitt
|
For
|
For
|
|
1.9
|
Elect Director Charles Songhurst
|
For
|
For
|
|
1.10
|
Elect Director Dana White
|
For
|
For
|
|
1.11
|
Elect Director Tony Xu
|
For
|
For
|
|
1.12
|
Elect Director Mark Zuckerberg
|
For
|
For
|
|
2
|
Ratify Ernst & Young LLP as Auditors
|
For
|
For
|
| Shareholder proposals |
|
3
|
Report on Risks of Improper Use of External Data to Develop AI Products
Vote rationale:
We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments.
Global Voting Guidelines
Shareholder proposals on sustainability
|
Against
|
Against
|
|
4
|
Initiate Annual Vote on Executive Compensation
|
Against
|
Against
|
|
5
|
Approve Recapitalization Plan for all Stock to Have One-vote per Share
Vote rationale:
All shareholders should have the right to vote on fundamental corporate decisions, and voting rights should be proportionate to cash flow rights. Any unequal voting rights should be time-limited and aligned with cash flow rights over time.
Global Voting Guidelines
Multiple share classes
|
Against
|
For
|
|
6
|
Disclosure of Voting Results Based on Class of Shares
Vote rationale:
All shareholders should have the right to vote on fundamental corporate decisions, and voting rights should be proportionate to cash flow rights. Any unequal voting rights should be time-limited and aligned with cash flow rights over time.
Global Voting Guidelines
Multiple share classes
|
Against
|
For
|
|
7
|
Issue Report Assessing Company's Human Rights Due Diligence Processes
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|
|
8
|
Issue Report Addressing Antisemitism and Hate in Online Platforms
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|
|
9
|
Report on Impact of Data Center Expansions on Climate Commitments
Vote rationale:
We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments.
Global Voting Guidelines
Shareholder proposals on sustainability
|
Against
|
Against
|
|
10
|
Report on Integrating Child Safety Improvement Metrics into Executive Compensation Program
|
Against
|
Against
|
|
11
|
Oversee and Report on Data Protection Impact Assessment on Generative AI Chatbots
Vote rationale:
The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation.
Global Voting Guidelines
Corporate sustainability reporting
|
Against
|
For
|
|
12
|
Report on Risks of Anti-American Discrimination from H-1B Visa Program Use
Vote rationale:
We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments.
Global Voting Guidelines
Shareholder proposals on sustainability
|
Against
|
Against
|