L'Oreal SA

Ticker: OR

Meeting date: 17/04/2014

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 2.50 per Share Mgt rec For Vote For
4 Proposal Elect Belen Garijo as Director Mgt rec For Vote For
5 Proposal Reelect Jean-Paul Agon as Director Mgt rec For Vote Against
6 Proposal Reelect Xavier Fontanet as Director Mgt rec For Vote For
7 Proposal Approve Remuneration of Directors in the Aggregate Amount of EUR 1.45 Million Mgt rec For Vote For
8 Proposal Advisory Vote on Remuneration of Jean-Paul Agon, Chairman and CEO Mgt rec For Vote For
9 Proposal Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgt rec For Vote For
10 Proposal Approve Transaction with Nestle Re: Repurchase of 48,500 Million Shares Held by Nestle Mgt rec For Vote For
11 Proposal Authorize Decrease in Share Capital via Cancellation of Repurchased Shares Mgt rec For Vote For
12 Proposal Amend Article 8 of Bylaws Re: Age Limit of Directors, Election of Employee Representative, Director Length of Term, and Director Elections Mgt rec For Vote For
13 Proposal Authorize Filing of Required Documents/Other Formalities Mgt rec For Vote For
14 Proposal Approve Transaction Re: Sale by L Oreal of its Entire Stake in Galderma Group Companies to Nestle 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.
  • No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
  • To be clear, Norges Bank has no duty of care in respect of any third party who decides to view this disclosure, which shall be done entirely at their own risk.
  • 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.
  • Norges Bank is not subject to any prohibition on securities lending, trading or other activity as a result of this disclosure at any point prior to or after the publication of this disclosure.
Go back to search page