L'Oreal SA

Ticker: OR

Meeting date: 21/04/2022

Meeting type: Annual/Special

Proposal Mgt rec Vote
Management proposals
1 Proposal Approve Financial Statements and Statutory Reports Mgt rec For Vote For
2 Proposal Approve Consolidated Financial Statements and Statutory Reports Mgt rec For Vote For
3 Proposal Approve Allocation of Income and Dividends of EUR 4.80 per Share and an Extra of EUR 0.48 per Share to Long Term Registered Shares Mgt rec For Vote For
4 Proposal Reelect Jean-Paul Agon as Director Mgt rec For Vote For
5 Proposal Reelect Patrice Caine as Director Mgt rec For Vote For
6 Proposal Reelect Belen Garijo as Director Mgt rec For Vote For
7 Proposal Renew Appointment of Deloitte & Associes as Auditor Mgt rec For Vote For
8 Proposal Appoint Ernst & Young as Auditor Mgt rec For Vote For
9 Proposal Approve Compensation Report of Corporate Officers Mgt rec For Vote For
10 Proposal Approve Compensation of Jean-Paul Agon, Chairman and CEO from 1 January 2021 to 30 April 2021 Mgt rec For Vote For
11 Proposal Approve Compensation of Jean-Paul Agon, Chairman of the Board from 1 May 2021 to 31 December 2021 Mgt rec For Vote For
12 Proposal Approve Compensation of Nicolas Hieronimus, CEO from 1 May 2021 to 31 December 2021 Mgt rec For Vote For
13 Proposal Approve Remuneration Policy of Directors Mgt rec For Vote For
14 Proposal Approve Remuneration Policy of Chairman of the Board Mgt rec For Vote For
15 Proposal Approve Remuneration Policy of CEO Mgt rec For Vote For
16 Proposal Approve Transaction with Nestle Re: Redemption Contract Mgt rec For Vote For
17 Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
18 Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares Mgt rec For Vote For
19 Proposal Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plans Mgt rec For Vote For
20 Proposal Authorize Capital Issuances for Use in Employee Stock Purchase Plans Mgt rec For Vote For
21 Proposal Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries Mgt rec For Vote For
22 Proposal Amend Article 9 of Bylaws Re: Age Limit of Chairman of the Board Mgt rec For Vote For
23 Proposal Amend Article 11 of Bylaws Re: Age Limit of CEO Mgt rec For Vote For
24 Proposal Amend Article 2 and 7 of Bylaws to Comply with Legal Changes Mgt rec For Vote For
25 Proposal Amend Article 8 of Bylaws Re: Shares Held by Directors Mgt rec For Vote For
26 Proposal Authorize Filing of Required Documents/Other Formalities Mgt rec For Vote For

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.
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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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