Novo Nordisk A/S
Ticker: NOVO.B
Meeting date: 20/03/2014
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Receive Report of Board | Mgt rec None | Vote None |
| 2 | Proposal Accept Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 3.1 | Proposal Approve Remuneration of Directors for 2013 in the Aggregate Amount of DKK 9.2 Million | Mgt rec For | Vote For |
| 3.2 | Proposal Approve Remuneration of Directors for 2013 in the Amount of DKK 1.5 Million for Chairman, DKK 1 Million for Vice Chairman, and Base Amount of DKK 500,000 for Other Members; Approve Remuneration for Committee Work | Mgt rec For | Vote For |
| 4 | Proposal Approve Allocation of Income and Dividends of DKK 4.5 Per Share | Mgt rec For | Vote For |
| 5.1 | Proposal Elect Goran Ando (Chairman) as Director | Mgt rec For | Vote For |
| 5.2 | Proposal Elect Jeppe Christiansen (Vice Chairman) as New Director | Mgt rec For | Vote For |
| 5.3a | Proposal Elect Bruno Angelici as Director | Mgt rec For | Vote For |
| 5.3b | Proposal Elect Liz Hewitt as Director | Mgt rec For | Vote For |
| 5.3c | Proposal Elect Thomas Koestler as Director | Mgt rec For | Vote For |
| 5.3d | Proposal Elect Helge Lund as Director | Mgt rec For | Vote For |
| 5.3e | Proposal Elect Hannu Ryopponen as Director | Mgt rec For | Vote For |
| 6 | Proposal Ratify PricewaterhouseCoopers as Auditors | Mgt rec For | Vote Against |
| 7.1 | Proposal Approve DKK 20 Million Reduction in Class B Share Capital via Share Cancellation | Mgt rec For | Vote For |
| 7.2 | Proposal Authorize Share Repurchase Program | Mgt rec For | Vote For |
| 7.3 | Proposal Approve Donation to the World Diabetes Foundation (WDF) of up to DKK 654 Million for the Years 2005-2024 | Mgt rec For | Vote For |
| 7.4.1 | Proposal Approve Publication of Annual Report in English | Mgt rec For | Vote For |
| 7.4.2 | Proposal Change Language of Annual Meeting to English | Mgt rec For | Vote For |
| 7.5 | Proposal Approve Guidelines for Incentive-Based Compensation for Executive Management and Board | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 8.1 | Proposal Provide Financial Information in Notice to Convene AGM | Mgt rec Against | Vote Against |
| 8.2 | Proposal Publish Annual Reports and Other Documents in Danish and Keep Them Public for at Least Five Years | Mgt rec Against | Vote Against |
| 8.3 | Proposal Simplify Access to Documents Available on Company's Website | Mgt rec Against | Vote Against |
| 8.4 | Proposal Require Refreshments to be Available During Annual General Meeting | Mgt rec Against | Vote Against |
| Management proposals | |||
| 9 | Proposal Other Business | Mgt rec None | Vote None |
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.
- No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
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- Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
- Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
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