McDonald's Corporation
Ticker: MCD
Møtedato: 26.05.2022
Møtetype: Proxy Contest
| Forslag | Ledelsens anbefalning | Stemme | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Forslag Elect Director Lloyd Dean | Ledelsens anbefalning For | Stemme For |
| 1.2 | Forslag Elect Director Robert Eckert | Ledelsens anbefalning For | Stemme For |
| 1.3 | Forslag Elect Director Catherine Engelbert | Ledelsens anbefalning For | Stemme For |
| 1.4 | Forslag Elect Director Margaret Georgiadis | Ledelsens anbefalning For | Stemme For |
| 1.5 | Forslag 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 | Ledelsens anbefalning For | Stemme Withhold |
| 1.6 | Forslag Elect Director Christopher Kempczinski | Ledelsens anbefalning For | Stemme For |
| 1.7 | Forslag 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 | Ledelsens anbefalning For | Stemme Withhold |
| 1.8 | Forslag Elect Director John Mulligan | Ledelsens anbefalning For | Stemme For |
| 1.9 | Forslag Elect Director Sheila Penrose | Ledelsens anbefalning For | Stemme For |
| 1.10 | Forslag Elect Director John Rogers, Jr. | Ledelsens anbefalning For | Stemme For |
| 1.11 | Forslag Elect Director Paul Walsh | Ledelsens anbefalning For | Stemme For |
| 1.12 | Forslag Elect Director Miles White | Ledelsens anbefalning For | Stemme For |
| 2 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation | Ledelsens anbefalning For | Stemme For |
| 3 | Forslag Ratify Ernst & Young LLP as Auditors | Ledelsens anbefalning For | Stemme For |
| Shareholder proposals | |||
| 4 | Forslag Reduce Ownership Threshold for Shareholders to Call Special Meeting | Ledelsens anbefalning Against | Stemme Against |
| 5 | Forslag 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 | Ledelsens anbefalning Against | Stemme For |
| 6 | Forslag Report on Public Health Costs of Antibiotic Use and Impact on Diversified Shareholders | Ledelsens anbefalning Against | Stemme Against |
| 7 | Forslag Report on Use of Gestation Stalls in Pork Supply Chain | Ledelsens anbefalning Against | Stemme Against |
| 8 | Forslag 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 | Ledelsens anbefalning Against | Stemme For |
| 9 | Forslag 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 | Ledelsens anbefalning Against | Stemme For |
| 10 | Forslag Issue Transparency Report on Global Public Policy and Political Influence | Ledelsens anbefalning Against | Stemme Against |
| 1.1 | Forslag Elect Director Leslie Samuelrich | Ledelsens anbefalning For | Stemme Do not vote |
| 1.2 | Forslag Elect Director Maisie Lucia Ganzler | Ledelsens anbefalning For | Stemme Do not vote |
| 1.3 | Forslag Management Nominee Lloyd Dean | Ledelsens anbefalning For | Stemme Do not vote |
| 1.4 | Forslag Management Nominee Robert Eckert | Ledelsens anbefalning For | Stemme Do not vote |
| 1.5 | Forslag Management Nominee Catherine Engelbert | Ledelsens anbefalning For | Stemme Do not vote |
| 1.6 | Forslag Management Nominee Margaret Georgiadis | Ledelsens anbefalning For | Stemme Do not vote |
| 1.7 | Forslag Management Nominee Enrique Hernandez, Jr. | Ledelsens anbefalning For | Stemme Do not vote |
| 1.8 | Forslag Management Nominee Christopher Kempczinski | Ledelsens anbefalning For | Stemme Do not vote |
| 1.9 | Forslag Management Nominee John Mulligan | Ledelsens anbefalning For | Stemme Do not vote |
| 1.10 | Forslag Management Nominee John Rogers, Jr. | Ledelsens anbefalning For | Stemme Do not vote |
| 1.11 | Forslag Management Nominee Paul Walsh | Ledelsens anbefalning For | Stemme Do not vote |
| 1.12 | Forslag Management Nominee Miles White | Ledelsens anbefalning For | Stemme Do not vote |
| Management proposals | |||
| 2 | Forslag Advisory Vote to Ratify Named Executive Officers' Compensation | Ledelsens anbefalning Against | Stemme Do not vote |
| 3 | Forslag Ratify Ernst & Young LLP as Auditors | Ledelsens anbefalning For | Stemme Do not vote |
| Shareholder proposals | |||
| 4 | Forslag Reduce Ownership Threshold for Shareholders to Call Special Meeting | Ledelsens anbefalning For | Stemme Do not vote |
| 5 | Forslag Report on Efforts to Reduce Plastic Use | Ledelsens anbefalning For | Stemme Do not vote |
| 6 | Forslag Report on Public Health Costs of Antibiotic Use and Impact on Diversified Shareholders | Ledelsens anbefalning For | Stemme Do not vote |
| 7 | Forslag Report on Use of Gestation Stalls in Pork Supply Chain | Ledelsens anbefalning For | Stemme Do not vote |
| 8 | Forslag Report on Third-Party Civil Rights Audit | Ledelsens anbefalning For | Stemme Do not vote |
| 9 | Forslag Report on Lobbying Payments and Policy | Ledelsens anbefalning For | Stemme Do not vote |
| 10 | Forslag Issue Transparency Report on Global Public Policy and Political Influence | 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.
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- 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.
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