| Forslag | Ledelsens anbefalning | Stemme | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Elect Director Lloyd Dean | For | For |
| 1.2 | Elect Director Robert Eckert | For | For |
| 1.3 | Elect Director Catherine Engelbert | For | For |
| 1.4 | Elect Director Margaret Georgiadis | For | For |
| 1.5 | Elect Director Enrique Hernandez, Jr. 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 | For | Withhold |
| 1.6 | Elect Director Christopher Kempczinski | For | For |
| 1.7 | Elect Director Richard Lenny 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 | For | Withhold |
| 1.8 | Elect Director John Mulligan | For | For |
| 1.9 | Elect Director Sheila Penrose | For | For |
| 1.10 | Elect Director John Rogers, Jr. | For | For |
| 1.11 | Elect Director Paul Walsh | For | For |
| 1.12 | Elect Director Miles White | For | For |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | For | For |
| 3 | Ratify Ernst & Young LLP as Auditors | For | For |
| Shareholder proposals | |||
| 4 | Reduce Ownership Threshold for Shareholders to Call Special Meeting | Against | Against |
| 5 | Report on Efforts to Reduce Plastic Use 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 |
| 6 | Report on Public Health Costs of Antibiotic Use and Impact on Diversified Shareholders | Against | Against |
| 7 | Report on Use of Gestation Stalls in Pork Supply Chain | Against | Against |
| 8 | Report on Third-Party Civil Rights Audit 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 |
| 10 | Issue Transparency Report on Global Public Policy and Political Influence | Against | Against |
| 1.1 | Elect Director Leslie Samuelrich | For | Do not vote |
| 1.2 | Elect Director Maisie Lucia Ganzler | For | Do not vote |
| 1.3 | Management Nominee Lloyd Dean | For | Do not vote |
| 1.4 | Management Nominee Robert Eckert | For | Do not vote |
| 1.5 | Management Nominee Catherine Engelbert | For | Do not vote |
| 1.6 | Management Nominee Margaret Georgiadis | For | Do not vote |
| 1.7 | Management Nominee Enrique Hernandez, Jr. | For | Do not vote |
| 1.8 | Management Nominee Christopher Kempczinski | For | Do not vote |
| 1.9 | Management Nominee John Mulligan | For | Do not vote |
| 1.10 | Management Nominee John Rogers, Jr. | For | Do not vote |
| 1.11 | Management Nominee Paul Walsh | For | Do not vote |
| 1.12 | Management Nominee Miles White | For | Do not vote |
| 2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Against | Do not vote |
| 3 | Ratify Ernst & Young LLP as Auditors | For | Do not vote |
| 4 | Reduce Ownership Threshold for Shareholders to Call Special Meeting | For | Do not vote |
| 5 | Report on Efforts to Reduce Plastic Use | For | Do not vote |
| 6 | Report on Public Health Costs of Antibiotic Use and Impact on Diversified Shareholders | For | Do not vote |
| 7 | Report on Use of Gestation Stalls in Pork Supply Chain | For | Do not vote |
| 8 | Report on Third-Party Civil Rights Audit | For | Do not vote |
| 9 | Report on Lobbying Payments and Policy | For | Do not vote |
| 10 | Issue Transparency Report on Global Public Policy and Political Influence | For | Do not vote |
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: