The Walt Disney Company
Ticker: DIS
Møtedato: 03.04.2024
Møtetype: Proxy Contest
| Forslag | Ledelsens anbefalning | Stemme | |
|---|---|---|---|
| Management proposals | |||
| 1A | Forslag Elect Management Nominee Director Mary T. Barra | Ledelsens anbefalning For | Stemme For |
| 1B | Forslag Elect Management Nominee Director Safra A. Catz | Ledelsens anbefalning For | Stemme For |
| 1C | Forslag Elect Management Nominee Director Amy L. Chang | Ledelsens anbefalning For | Stemme For |
| 1D | Forslag Elect Management Nominee Director D. Jeremy Darroch | Ledelsens anbefalning For | Stemme For |
| 1E | Forslag Elect Management Nominee Director Carolyn N. Everson | Ledelsens anbefalning For | Stemme For |
| 1F | Forslag Elect Management Nominee Director Michael B.G. Froman | Ledelsens anbefalning For | Stemme For |
| 1G | Forslag Elect Management Nominee Director James P. Gorman | Ledelsens anbefalning For | Stemme For |
| 1H | Forslag Elect Management Nominee Director Robert A. Iger | Ledelsens anbefalning For | Stemme For |
| 1I | Forslag Elect Management Nominee Director Maria Elena Lagomasino | Ledelsens anbefalning For | Stemme For |
| 1J | Forslag Elect Management Nominee Director Calvin R. McDonald | Ledelsens anbefalning For | Stemme For |
| 1K | Forslag Elect Management Nominee Director Mark G. Parker 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 | Ledelsens anbefalning For | Stemme Withhold |
| 1L | Forslag Elect Management Nominee Director Derica W. Rice | Ledelsens anbefalning For | Stemme For |
| Shareholder proposals | |||
| 1M | Forslag Elect Dissident Nominee Director Nelson Peltz | Ledelsens anbefalning Withhold | Stemme Withhold |
| 1N | Forslag Elect Dissident Nominee Director James ( | Ledelsens anbefalning Withhold | Stemme Withhold |
| 1O | Forslag Elect Dissident Nominee Director Craig Hatkoff | Ledelsens anbefalning Withhold | Stemme Withhold |
| 1P | Forslag Elect Dissident Nominee Director Jessica Schell | Ledelsens anbefalning Withhold | Stemme Withhold |
| 1Q | Forslag Elect Dissident Nominee Director Leah Solivan | Ledelsens anbefalning Withhold | Stemme Withhold |
| Management proposals | |||
| 2 | Forslag Ratify PricewaterhouseCoopers LLP as Auditors | Ledelsens anbefalning For | Stemme For |
| 3 | 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 |
| 4 | Forslag Amend Omnibus Stock Plan | Ledelsens anbefalning For | Stemme For |
| Shareholder proposals | |||
| 5 | Forslag Submit Severance Agreement (Change-in-Control) to Shareholder Vote | Ledelsens anbefalning Against | Stemme Against |
| 6 | Forslag Report on Congruency of Political Spending with Company Values and Priorities Vote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments. Global Voting Guidelines Aksjonærforslag om bærekraft | Ledelsens anbefalning Against | Stemme Against |
| 7 | Forslag Report on Gender-Based Compensation and Benefits Inequities Vote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments. Global Voting Guidelines Aksjonærforslag om bærekraft | Ledelsens anbefalning Against | Stemme Against |
| 8 | Forslag Report on Charitable Contributions Vote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporting of the relevant sustainability risk. We assess companies against our public expectations on environmental and social issues. We may consider direction of travel and pace of change as part of our assessments. Global Voting Guidelines Aksjonærforslag om bærekraft | Ledelsens anbefalning Against | Stemme Against |
| 9 | Forslag Repeal Any Bylaw Provisions Adopted by the Board Without Shareholder Approval Subsequent to November 30, 2023 | Ledelsens anbefalning Against | Stemme Against |
| 10 | Forslag Advisory Vote on Board Size and Related Vacancies | Ledelsens anbefalning Against | Stemme Against |
| 1.1 | Forslag Elect Dissident Nominee Director Nelson Peltz | Ledelsens anbefalning For | Stemme Do not vote |
| 1.2 | Forslag Elect Dissident Nominee Director James ( | Ledelsens anbefalning For | Stemme Do not vote |
| Management proposals | |||
| 1.1 | Forslag Elect Management Nominee Director Michael B.G. Froman | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1.2 | Forslag Elect Management Nominee Director Maria Elena Lagomasino | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1.1 | Forslag Elect Management Nominee Director Mary T. Barra | Ledelsens anbefalning None | Stemme Do not vote |
| 1.2 | Forslag Elect Management Nominee Director Safra A. Catz | Ledelsens anbefalning None | Stemme Do not vote |
| 1.3 | Forslag Elect Management Nominee Director Amy L. Chang | Ledelsens anbefalning None | Stemme Do not vote |
| 1.4 | Forslag Elect Management Nominee Director D. Jeremy Darroch | Ledelsens anbefalning None | Stemme Do not vote |
| 1.5 | Forslag Elect Management Nominee Director Carolyn N. Everson | Ledelsens anbefalning None | Stemme Do not vote |
| 1.6 | Forslag Elect Management Nominee Director James P. Gorman | Ledelsens anbefalning None | Stemme Do not vote |
| 1.7 | Forslag Elect Management Nominee Director Robert A. Iger | Ledelsens anbefalning None | Stemme Do not vote |
| 1.8 | Forslag Elect Management Nominee Director Calvin R. McDonald | Ledelsens anbefalning None | Stemme Do not vote |
| 1.9 | Forslag Elect Management Nominee Director Mark G. Parker | Ledelsens anbefalning None | Stemme Do not vote |
| 1.10 | Forslag Elect Management Nominee Director Derica W. Rice | Ledelsens anbefalning None | Stemme Do not vote |
| Shareholder proposals | |||
| 1.1 | Forslag Elect Dissident Nominee Director Craig Hatkoff | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1.2 | Forslag Elect Dissident Nominee Director Jessica Schell | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1.3 | Forslag Elect Dissident Nominee Director Leah Solivan | Ledelsens anbefalning Withhold | Stemme Do not vote |
| Management proposals | |||
| 2 | Forslag Ratify PricewaterhouseCoopers LLP as Auditors | Ledelsens anbefalning For | Stemme Do not vote |
| 3 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation | Ledelsens anbefalning Against | Stemme Do not vote |
| 4 | Forslag Amend Omnibus Stock Plan | Ledelsens anbefalning None | Stemme Do not vote |
| Shareholder proposals | |||
| 5 | Forslag Submit Severance Agreement (Change-in-Control) to Shareholder Vote | Ledelsens anbefalning None | Stemme Do not vote |
| 6 | Forslag Report on Congruency of Political Spending with Company Values and Priorities | Ledelsens anbefalning None | Stemme Do not vote |
| 7 | Forslag Report on Gender-Based Compensation and Benefits Inequities | Ledelsens anbefalning None | Stemme Do not vote |
| 8 | Forslag Report on Charitable Contributions | Ledelsens anbefalning None | Stemme Do not vote |
| 9 | Forslag Repeal Any Bylaw Provisions Adopted by the Board Without Shareholder Approval Subsequent to November 30, 2023 | Ledelsens anbefalning For | Stemme Do not vote |
| 10 | Forslag Advisory Vote on Board Size and Related Vacancies | Ledelsens anbefalning Against | Stemme Do not vote |
| 1a | Forslag Elect Dissident Nominee Director Craig Hatkoff | Ledelsens anbefalning For | Stemme Do not vote |
| 1b | Forslag Elect Dissident Nominee Director Jessica Schell | Ledelsens anbefalning For | Stemme Do not vote |
| 1c | Forslag Elect Dissident Nominee Director Leah Solivan | Ledelsens anbefalning For | Stemme Do not vote |
| Management proposals | |||
| 1d | Forslag Elect Management Nominee Director Mary T. Barra | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1e | Forslag Elect Management Nominee Director Safra A. Catz | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1f | Forslag Elect Management Nominee Director Amy L. Chang | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1g | Forslag Elect Management Nominee Director D. Jeremy Darroch | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1h | Forslag Elect Management Nominee Director Carolyn N. Everson | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1i | Forslag Elect Management Nominee Director Michael B.G. Froman | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1j | Forslag Elect Management Nominee Director James P. Gorman | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1k | Forslag Elect Management Nominee Director Robert A. Iger | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1l | Forslag Elect Management Nominee Director Maria Elena Lagomasino | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1m | Forslag Elect Management Nominee Director Calvin R. McDonald | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1n | Forslag Elect Management Nominee Director Mark G. Parker | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1o | Forslag Elect Management Nominee Director Derica W. Rice | Ledelsens anbefalning Withhold | Stemme Do not vote |
| Shareholder proposals | |||
| 1p | Forslag Elect Dissident Nominee Director Nelson Peltz | Ledelsens anbefalning Withhold | Stemme Do not vote |
| 1q | Forslag Elect Dissident Nominee Director James ( | Ledelsens anbefalning Withhold | Stemme Do not vote |
| Management proposals | |||
| 2 | Forslag Ratify PricewaterhouseCoopers LLP as Auditors | Ledelsens anbefalning For | Stemme Do not vote |
| 3 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation | Ledelsens anbefalning For | Stemme Do not vote |
| 4 | Forslag Amend Omnibus Stock Plan | Ledelsens anbefalning For | Stemme Do not vote |
| Shareholder proposals | |||
| 5 | Forslag Submit Severance Agreement (Change-in-Control) to Shareholder Vote | Ledelsens anbefalning None | Stemme Do not vote |
| 6 | Forslag Report on Congruency of Political Spending with Company Values and Priorities | Ledelsens anbefalning None | Stemme Do not vote |
| 7 | Forslag Report on Gender-Based Compensation and Benefits Inequities | Ledelsens anbefalning None | Stemme Do not vote |
| 8 | Forslag Report on Charitable Contributions | Ledelsens anbefalning None | Stemme Do not vote |
| 9 | Forslag Repeal Any Bylaw Provisions Adopted by the Board Without Shareholder Approval Subsequent to November 30, 2023 | Ledelsens anbefalning None | Stemme Do not vote |
| 10 | Forslag Advisory Vote on Board Size and Related Vacancies | Ledelsens anbefalning For | Stemme 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:
- 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.