General Electric Company
Ticker: GE
Møtedato: 04.05.2021
Møtetype: Annual
| Forslag | Ledelsens anbefalning | Stemme | |
|---|---|---|---|
| Management proposals | |||
| 1a | Forslag Elect Director Sebastien Bazin | Ledelsens anbefalning For | Stemme For |
| 1b | Forslag Elect Director Ashton Carter | Ledelsens anbefalning For | Stemme For |
| 1c | Forslag Elect Director H. Lawrence Culp, Jr. 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 | Ledelsens anbefalning For | Stemme Against |
| 1d | Forslag Elect Director Francisco D'Souza | Ledelsens anbefalning For | Stemme For |
| 1e | Forslag Elect Director Edward Garden | Ledelsens anbefalning For | Stemme For |
| 1f | Forslag Elect Director Thomas Horton Vote rationale: Shareholders should have the right to seek changes to the board when it does not act in their best interest. We will consider whether the board has failed to act on material requests from shareholders, sought to circumvent shareholder proposals or implemented governance changes limiting shareholders’ rights without their approval. When voting on a proposal to discharge the board of responsibilities, we will consider whether any information raises reasonable doubt about the board’s actions. We will also take into considerations unsatisfactory financial and strategic performance, mismanaged risk-taking, unacceptable treatment of stakeholders or undesired environmental or social outcomes from company operations. Global Voting Guidelines Avlønning av administrerende direktør | Ledelsens anbefalning For | Stemme Against |
| 1g | Forslag Elect Director Risa Lavizzo-Mourey | Ledelsens anbefalning For | Stemme For |
| 1h | Forslag Elect Director Catherine Lesjak | Ledelsens anbefalning For | Stemme For |
| 1i | Forslag Elect Director Paula Rosput Reynolds | Ledelsens anbefalning For | Stemme For |
| 1j | Forslag Elect Director Leslie Seidman | Ledelsens anbefalning For | Stemme For |
| 1k | Forslag Elect Director James Tisch | Ledelsens anbefalning For | Stemme For |
| 2 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation 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 Avlønning av administrerende direktør | Ledelsens anbefalning For | Stemme Against |
| 3 | Forslag Ratify Deloitte & Touche LLP as Auditors | Ledelsens anbefalning For | Stemme For |
| 4 | Forslag Approve Reverse Stock Split | Ledelsens anbefalning For | Stemme For |
| Shareholder proposals | |||
| 5 | Forslag Require More Director Nominations Than Open Seats | Ledelsens anbefalning Against | Stemme Against |
| 6 | Forslag Require Independent Board Chair 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 | Ledelsens anbefalning Against | Stemme For |
| 7 | Forslag Report on Meeting the Criteria of the Net Zero Indicator | Ledelsens anbefalning For | Stemme 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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