General Motors Company

Ticker: GM
Møtedato: 16.06.2020
Møtetype: Annual
Forslag Ledelsens anbefalning Stemme
Management proposals
1a Elect Director Mary T. Barra Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Deling av rollene som styreleder og administrerende direktør For Against
1b Elect Director Wesley G. Bush For For
1c Elect Director Linda R. Gooden For For
1d Elect Director Joseph Jimenez For For
1e Elect Director Jane L. Mendillo For For
1f Elect Director Judith A. Miscik For For
1g Elect Director Patricia F. Russo For For
1h Elect Director Thomas M. Schoewe For For
1i Elect Director Theodore M. Solso For For
1j Elect Director Carol M. Stephenson For For
1k Elect Director Devin N. Wenig For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation For For
3 Advisory Vote on Say on Pay Frequency One year One year
4 Ratify Ernst & Young LLP as Auditors For For
5 Approve Omnibus Stock Plan For For
Shareholder proposals
6 Provide Right to Act by Written Consent Vote rationale: Shareholders should in certain circumstances have the opportunity to raise issues of material importance without having to wait for management to schedule a meeting. All proposals subject to shareholder approval should be presented as individual items, and the vote tally should be published. Global Voting Guidelines Against For
7 Amend Proxy Access Right Against Against
8 Report on Human Rights Policy Implementation Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Selskapers bærekraftrapportering Against For
9 Report on Lobbying Payments and Policy Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Selskapers bærekraftrapportering Against 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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