Ferrari NV
Ticker: RACE
Meeting date: 13/04/2022
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 Vote rationale: The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration. Global Voting Guidelines CEO remuneration | Mgt rec For | Vote Against |
| 2.d | Proposal Adopt Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 2.e | Proposal Approve Dividends of EUR 1.362 Per Share | Mgt rec For | Vote For |
| 2.f | Proposal Approve Discharge of Directors | Mgt rec For | Vote For |
| 3.a | Proposal Elect John Elkann as Executive Director | Mgt rec For | Vote For |
| 3.b | Proposal Elect Benedetto Vigna as Executive Director | Mgt rec For | Vote For |
| 3.c | Proposal Elect Piero Ferrari as Non-Executive Director | Mgt rec For | Vote For |
| 3.d | Proposal Elect Delphine Arnault as Non-Executive Director | Mgt rec For | Vote For |
| 3.e | Proposal Elect Francesca Bellettini as Non-Executive Director | Mgt rec For | Vote For |
| 3.f | Proposal Elect Eduardo H. Cue as Non-Executive Director | Mgt rec For | Vote For |
| 3.g | Proposal Elect Sergio Duca as Non-Executive Director | Mgt rec For | Vote For |
| 3.h | Proposal Elect John Galantic as Non-Executive Director | Mgt rec For | Vote For |
| 3.i | Proposal Elect Maria Patrizia Grieco as Non-Executive Director | Mgt rec For | Vote For |
| 3.j | Proposal Elect 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 | Mgt rec For | Vote Against |
| 4.1 | Proposal Appoint Ernst & Young Accountants LLP as Auditors for 2022 Financial Year | Mgt rec For | Vote For |
| 4.2 | Proposal Appoint Deloitte Accountants B.V. as Auditors for 2023 Financial Year | Mgt rec For | Vote For |
| 5.1 | Proposal Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital | Mgt rec For | Vote For |
| 5.2 | Proposal Authorize Board to Exclude Preemptive Rights from Share Issuances | Mgt rec For | Vote For |
| 5.3 | 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 |
| 6 | Proposal Authorize Repurchase of Up to 10 Percent of Issued Common Shares | Mgt rec For | Vote For |
| 7 | Proposal Approve Awards to Executive Director | Mgt rec For | Vote For |
| 8 | Proposal Close Meeting | Mgt rec None | Vote None |
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