Management proposals |
1
|
Open Meeting
|
None
|
None
|
2.a
|
Receive Director's Board Report (Non-Voting)
|
None
|
None
|
2.b
|
Receive Explanation on Company's Reserves and Dividend Policy
|
None
|
None
|
2.c
|
Approve Remuneration Report
|
For
|
For
|
2.d
|
Adopt Financial Statements and Statutory Reports
|
For
|
For
|
2.e
|
Approve Dividends of EUR 0.867 Per Share
|
For
|
For
|
2.f
|
Approve Discharge of Directors
|
For
|
For
|
3.a
|
Reelect John Elkann as Executive Director
|
For
|
For
|
3.b
|
Reelect Piero Ferrari as Non-Executive Director
|
For
|
For
|
3.c
|
Reelect Delphine Arnault as Non-Executive Director
|
For
|
For
|
3.d
|
Reelect Francesca Bellettini as Non-Executive Director
|
For
|
For
|
3.e
|
Reelect Eduardo H. Cue as Non-Executive Director
|
For
|
For
|
3.f
|
Reelect Sergio Duca as Non-Executive Director
|
For
|
For
|
3.g
|
Reelect John Galantic as Non-Executive Director
|
For
|
For
|
3.h
|
Reelect Maria Patrizia Grieco as Non-Executive Director
|
For
|
For
|
3.i
|
Reelect Adam Keswick 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
|
For
|
Against
|
4
|
Appoint Ernst & Young Accountants LLP as Auditors
|
For
|
For
|
5.1
|
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital
|
For
|
For
|
5.2
|
Authorize Board to Exclude Preemptive Rights from Share Issuances
|
For
|
For
|
5.3
|
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
|
For
|
Against
|
6
|
Authorize Repurchase of Up to 10 Percent of Issued Share Capital
|
For
|
For
|
7
|
Approve Awards to Executive Director
|
For
|
For
|
8
|
Close Meeting
|
None
|
None
|