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Boubyan Petrochemical Co. KSC

Ticker: BPCC

Meeting date: 09/06/2021

Meeting type: Annual

Proposal Mgt rec Vote
Management proposals
1 Proposal Approve Board Report on Company Operations for the FY Ended 30/04/2021 Mgt rec For Vote For
2 Proposal Approve Corporate Governance Report and Audit Committee Report for the FY Ended 30/04/2021 Mgt rec For Vote For
3 Proposal Approve Auditors' Report on Company Financial Statements for the FY Ended 30/04/2021 Mgt rec For Vote For
4 Proposal Accept Consolidated Financial Statements and Statutory Reports for the FY Ended 30/04/2021 Mgt rec For Vote For
5 Proposal Approve Special Report on Violations and Penalties for the FY Ended 30/04/2021 Mgt rec For Vote For
6 Proposal Approve Dividends of KWD 0.055 Per Share for the FY Ended 30/04/2021 Mgt rec For Vote For
7 Proposal Discussing Board Recommendation for Paying Cash Dividends of KWD 0.055 Per Share for FY 2021, 2022 and 2023 Mgt rec For Vote For
8 Proposal Discussing Board Recommendation to Discontinue the Deduction of 10 Percent to Voluntary Reserve for the FY Ended 30/04/2021 Mgt rec For Vote For
9 Proposal Discussing Board Recommendation to Discontinue the Deduction of 10 Percent to Statutory Reserve for the FY Ended 30/04/2021 Mgt rec For Vote For
10 Proposal Approve Remuneration of Directors of KWD 90,000 for the FY Ended 30/04/2021 Mgt rec For Vote For
11 Proposal Authorize Share Repurchase Program of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
12 Proposal Approve Related Party Transactions for the FY Ended 30/04/2021 and for the FY Ending on 30/04/2022 Vote rationale: Transactions between related parties should be avoided unless they are demonstrably beneficial to all shareholders. The board should disclose the name and affiliation of each party involved, value and cost of the transaction, and business rationale. Global Voting Guidelines Related-party transactions Mgt rec For Vote Against
13 Proposal Approve Discharge of Directors for the FY Ended 30/04/2021 Mgt rec For Vote For
14 Proposal Ratify Auditors and Fix Their Remuneration for the FY Ending on 30/04/2022 Vote rationale: The external auditor should act in an independent manner. We will consider the auditor’s independence and any concerns about the accounts or audit procedures. Excessive non-audit-related fees represent a potential conflict of interest and should be avoided. Global Voting Guidelines Mgt rec For Vote Against

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