Ferrari NV

Ticker: RACE

Meeting date: 16/04/2020

Meeting type: Annual

Proposal Mgt rec Vote
Management proposals
1 Proposal Open Meeting Mgt rec None Vote None
2.a Proposal Receive Director's Board Report (Non-Voting) Mgt rec None Vote None
2.b Proposal Receive Explanation on Company's Reserves and Dividend Policy Mgt rec None Vote None
2.c Proposal Approve Remuneration Report Mgt rec For Vote For
2.d Proposal Adopt Financial Statements and Statutory Reports Mgt rec For Vote For
2.e Proposal Approve Dividends of EUR 1.13 Per Share Mgt rec For Vote For
2.f Proposal Approve Discharge of Directors Mgt rec For Vote For
3.a Proposal Reelect John Elkann as Executive Director Mgt rec For Vote For
3.b Proposal Reelect Louis C. Camilleri as Executive Director Mgt rec For Vote For
3.c Proposal Reelect Piero Ferrari as Non-Executive Director Mgt rec For Vote For
3.d Proposal Reelect Delphine Arnault as Non-Executive Director 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 Mgt rec For Vote Against
3.e Proposal Reelect Eduardo H. Cue as Non-Executive Director Mgt rec For Vote For
3.f Proposal Reelect Sergio Duca as Non-Executive Director Mgt rec For Vote For
3.g Proposal Reelect Maria Patrizia Grieco as Non-Executive Director Mgt rec For Vote For
3.h Proposal Reelect Adam Keswick as Non-Executive Director Mgt rec For Vote For
3.i Proposal Elect Francesca Bellettini as Non-Executive Director Mgt rec For Vote For
3.j Proposal Elect Roberto Cingolani as Non-Executive Director Mgt rec For Vote For
3.k Proposal Elect John Galantic as Non-Executive Director Mgt rec For Vote For
4 Proposal Appoint Ernst & Young Accountants LLP as Auditors Mgt rec For Vote For
5 Proposal Amend Remuneration Policy Mgt rec For Vote For
6.1 Proposal Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger Mgt rec For Vote For
6.2 Proposal Authorize Board to Exclude Preemptive Rights from Share Issuances Mgt rec For Vote For
6.3 Proposal Grant Board Authority to Issue Special Voting 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 Mgt rec For Vote Against
7 Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
8 Proposal Approve Awards to Chairman Mgt rec For Vote For
9 Proposal Close Meeting 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:

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