Starbucks Corporation

Ticker: SBUX
Møtedato: 12.03.2025
Møtetype: Annual
Forslag Ledelsens anbefalning Stemme
Management proposals
1a Elect Director Richard E. Allison, Jr. For For
1b Elect Director Andrew Campion For For
1c Elect Director Beth Ford For For
1d Elect Director Jorgen Vig Knudstorp For For
1e Elect Director Neal Mohan For For
1f Elect Director Brian Niccol 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
1g Elect Director Daniel Javier Servitje Montull For For
1h Elect Director Michael Sievert For For
1i Elect Director Wei Zhang For For
2 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 For Against
3 Ratify Deloitte & Touche LLP as Auditors For For
Shareholder proposals
4 Report on Discrimination in Charitable Contributions Vote rationale: We will not support a shareholder proposal that does not address a material sustainability risk or salient issue for the sector. Global Voting Guidelines Aksjonærforslag om bærekraft Against Against
5 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 Against For
6 Report on Human Rights Risks Related to Labor Organizing 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 Against Against
7 Report on Cage Free Egg Commitment in China and Japan Vote rationale: We will not support a shareholder proposal that appears to be overly prescriptive in regard to the company’s strategy and/or operations, or that sets unrealistic timeframes, targets or methods for implementation. Global Voting Guidelines Aksjonærforslag om bærekraft Against Against
8 Publish an Annual Carbon Emissions Congruency Report 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 Against Against

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:

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