Vote Summary Report - Schroders · Mgmt Rec Vote Instruction . 1.1 Elect Director Martin S....

Voting February 2020

Schroders is required to publish records of voting in order to achieve compliance with the UK Stewardship Code. According, voting in accordance with our house policy is set out on the following pages.

Vote Summary Report

Date range covered: 02/01/2020 to 02/29/2020

Apollo Hospitals Enterprise Limited Meeting Date: 02/03/2020 Country: India

Meeting Type: Special Ticker: 508869

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve to Enter Into Long Term Supply Agreement with Apollo Pharmacies Limited

1

Zhejiang Expressway Co., Ltd. Meeting Date: 02/03/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Yuan Yingjie as Director For For

For For Elect Zheng Ruchun as Supervisor 2

For For Authorize Board to Approve the Proposed Director and Shareholder Representative Supervisor's Emolument and Service Contracts and Related Transactions

3

Anhui Expressway Company Limited Meeting Date: 02/04/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Xiang Xiaolong as Director For For

Aon plc Meeting Date: 02/04/2020 Country: United Kingdom

Meeting Type: Special Ticker: AON

Vote Summary Report


Aon plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Scheme of Arrangement For For

For For Approve Reduction of Share Capital and Creation of Distributable Profits

2

For For Approve Terms of an Off-Exchange Buyback and Cancellation of Class B Ordinary Shares

3

For For Approve Delisting of Shares from the New York Stock Exchange

4

For For Adjourn Meeting 5

Aon plc Meeting Date: 02/04/2020 Country: United Kingdom

Meeting Type: Court Ticker: AON

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


BWP Trust Meeting Date: 02/04/2020 Country: Australia

Meeting Type: Special Ticker: BWP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve the Amendments to the Trust's Constitution

For For

Dolby Laboratories, Inc. Meeting Date: 02/04/2020 Country: USA

Meeting Type: Annual Ticker: DLB

Vote Summary Report


Dolby Laboratories, Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Kevin Yeaman For For

For For Elect Director Peter Gotcher 1.2

For For Elect Director Micheline Chau 1.3

For For Elect Director David Dolby 1.4

For For Elect Director N. William Jasper, Jr. 1.5

For For Elect Director Simon Segars 1.6

For For Elect Director Roger Siboni 1.7

For For Elect Director Anjali Sud 1.8

For For Elect Director Avadis Tevanian, Jr. 1.9

Against For Amend Omnibus Stock Plan 2

Voter Rationale: excessive dilution

Blended Rationale: excessive dilution

For For Advisory Vote to Ratify Named Executive Officers' Compensation

3

For For Ratify KPMG LLP as Auditors 4

Emerson Electric Co. Meeting Date: 02/04/2020 Country: USA

Meeting Type: Annual Ticker: EMR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Martin S. Craighead For For

For For Elect Director David N. Farr 1.2

For For Elect Director Gloria A. Flach 1.3

For For Elect Director Matthew S. Levatich 1.4



3

For For Declassify the Board of Directors 4

Vote Summary Report


Golub Capital BDC, Inc. Meeting Date: 02/04/2020 Country: USA

Meeting Type: Annual Ticker: GBDC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director David B. Golub For For

For For Elect Director Anita R. Rosenberg 1b

For For Ratify Ernst & Young LLP as Auditors 2

Ingersoll-Rand plc Meeting Date: 02/04/2020 Country: Ireland

Meeting Type: Special Ticker: IR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Change Company Name to Trane Technologies plc

For For

Rockwell Automation, Inc. Meeting Date: 02/04/2020 Country: USA

Meeting Type: Annual Ticker: ROK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

A1 Elect Director Steven R. Kalmanson For For

For For Elect Director James P. Keane A2

For For Elect Director Pam Murphy A3

For For Elect Director Donald R. Parfet A4


B

For For Ratify Deloitte & Touche LLP as Auditors C

For For Approve Omnibus Stock Plan D

Vote Summary Report


Tiffany & Co. Meeting Date: 02/04/2020 Country: USA

Meeting Type: Special Ticker: TIF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Merger Agreement For For

Against For Advisory Vote on Golden Parachutes 2

Voter Rationale: we are not supportive of golden parachutes.

Blended Rationale: we are not supportive of golden parachutes.


Zijin Mining Group Co., Ltd. Meeting Date: 02/04/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Association For For

Zijin Mining Group Co., Ltd. Meeting Date: 02/04/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Change in Registered Capital and Amend Articles of Association

For For

For For Amend Articles of Association 2

Future Plc Meeting Date: 02/05/2020 Country: United Kingdom

Meeting Type: Annual Ticker: FUTR

Vote Summary Report


Future Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports

For For

For For Approve Remuneration Report 2

For For Approve Remuneration Policy 3

For For Approve Final Dividend 4

For For Re-elect Alan Newman as Director 5

For For Re-elect Rob Hattrell as Director 6

For For Re-elect Richard Huntingford as Director 7

For For Re-elect Zillah Byng-Thorne as Director 8

For For Re-elect Penny Ladkin-Brand as Director 9

For For Re-elect Hugo Drayton as Director 10

For For Reappoint PricewaterhouseCoopers LLP as Auditors

11

For For Authorise Board to Fix Remuneration of Auditors 12

For For Authorise Issue of Equity 13

For For Authorise Political Donations and Expenditure 14

For For Authorise Issue of Equity without Pre-emptive Rights

15

For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment

16

For For Authorise the Company to Call General Meeting with Two Weeks' Notice

17


Grainger Plc Meeting Date: 02/05/2020 Country: United Kingdom

Meeting Type: Annual Ticker: GRI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


Grainger Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction




For For Re-elect Mark Clare as Director 5

For For Re-elect Helen Gordon as Director 6

For For Re-elect Vanessa Simms as Director 7

For For Re-elect Andrew Carr-Locke as Director 8

For For Re-elect Rob Wilkinson as Director 9

For For Re-elect Justin Read as Director 10

For For Elect Janette Bell as Director 11

For For Reappoint KPMG LLP as Auditors 12




15


16

For For Authorise Market Purchase of Ordinary Shares 17


18

For For Authorise EU Political Donations and Expenditure

19

For For Amend Long-Term Incentive Plan 20

Imperial Brands Plc Meeting Date: 02/05/2020 Country: United Kingdom

Meeting Type: Annual Ticker: IMB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Vote Summary Report


Imperial Brands Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Re-elect Susan Clark as Director 4

For For Re-elect Alison Cooper as Director 5

For For Re-elect Therese Esperdy as Director 6

For For Re-elect Simon Langelier as Director 7

For For Re-elect Matthew Phillips as Director 8

For For Re-elect Steven Stanbrook as Director 9

For For Elect Jonathan Stanton as Director 10

For For Re-elect Oliver Tant as Director 11

For For Re-elect Karen Witts as Director 12

For For Appoint Ernst & Young LLP as Auditors 13

For For Authorise the Audit Committee to Fix Remuneration of Auditors

14


15



17



19

Mediaset Espana Comunicacion SA Meeting Date: 02/05/2020 Country: Spain

Meeting Type: Special Ticker: TL5

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Certain Terms of Proposed Bylaws of Mediaset Investment N.V. and Terms and Conditions for Special Voting Shares, for Initial Allocation of Special Voting A Shares and for Initial Allocation of Special Voting A Shares - Mediaset Espana

For Against

Voter Rationale: Merger is not in shareholder's best interests.

Blended Rationale: Merger is not in shareholder's best interests.

Vote Summary Report


Mediaset Espana Comunicacion SA Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Authorize Board to Ratify and Execute Approved Resolutions

2

Siemens AG Meeting Date: 02/05/2020 Country: Germany

Meeting Type: Annual Ticker: SIE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Allocation of Income and Dividends of EUR 3.90 per Share

For For

For For Approve Discharge of Management Board Member Joe Kaeser for Fiscal 2018/19

3.1

For For Approve Discharge of Management Board Member Roland Busch for Fiscal 2018/19

3.2

For For Approve Discharge of Management Board Member Lisa Davis for Fiscal 2018/19

3.3

For For Approve Discharge of Management Board Member Klaus Helmrich for Fiscal 2018/19

3.4

For For Approve Discharge of Management Board Member Janina Kugel for Fiscal 2018/19

3.5

For For Approve Discharge of Management Board Member Cedrik Neike for Fiscal 2018/19

3.6

For For Approve Discharge of Management Board Member Michael Sen for Fiscal 2018/19

3.7

For For Approve Discharge of Management Board Member Ralf Thomas for Fiscal 2018/19

3.8

For For Approve Discharge of Supervisory Board Member Jim Hagemann Snabe for Fiscal 2018/19

4.1

For For Approve Discharge of Supervisory Board Member Birgit Steinborn for Fiscal 2018/19

4.2

For For Approve Discharge of Supervisory Board Member Werner Wenning for Fiscal 2018/19

4.3

For For Approve Discharge of Supervisory Board Member Werner Brandt for Fiscal 2018/19

4.4

For For Approve Discharge of Supervisory Board Member Michael Diekmann for Fiscal 2018/19

4.5

For For Approve Discharge of Supervisory Board Member Andrea Fehrmann for Fiscal 2018/19

4.6

Vote Summary Report


Siemens AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Discharge of Supervisory Board Member Reinhard Hahn (until January 30, 2019) for Fiscal 2018/19

4.7

For For Approve Discharge of Supervisory Board Member Bettina Haller for Fiscal 2018/19

4.8

For For Approve Discharge of Supervisory Board Member Robert Kensbock for Fiscal 2018/19

4.9

For For Approve Discharge of Supervisory Board Member Harald Kern for Fiscal 2018/19

4.10

For For Approve Discharge of Supervisory Board Member Juergen Kerner for Fiscal 2018/19

4.11

For For Approve Discharge of Supervisory Board Member Nicola Leibinger-Kammueller for Fiscal 2018/19

4.12

For For Approve Discharge of Supervisory Board Member Benoit Potier for Fiscal 2018/19

4.13

For For Approve Discharge of Supervisory Board Member Hagen Reimer (from January 30, 2019) for Fiscal 2018/19

4.14

For For Approve Discharge of Supervisory Board Member Norbert Reithofer for Fiscal 2018/19

4.15

For For Approve Discharge of Supervisory Board Member Dame Shafik for Fiscal 2018/19

4.16

For For Approve Discharge of Supervisory Board Member Nathalie von Siemens for Fiscal 2018/19

4.17

For For Approve Discharge of Supervisory Board Member Michael Sigmund for Fiscal 2018/19

4.18

For For Approve Discharge of Supervisory Board Member Dorothea Simon for Fiscal 2018/19

4.19

For For Approve Discharge of Supervisory Board Member Matthias Zachert for Fiscal 2018/19

4.20

For For Approve Discharge of Supervisory Board Member Gunnar Zukunft for Fiscal 2018/19

4.21

For For Ratify Ernst & Young GmbH as Auditors for Fiscal 2019/20

5


For For Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares

7

For For Authorize Use of Financial Derivatives when Repurchasing Shares

8

Vote Summary Report


Siemens AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 15 Billion; Approve Creation of EUR 180 Million Pool of Capital to Guarantee Conversion Rights

9

For For Approve Affiliation Agreement with Subsidiary Siemens Mobility GmbH

10

Astral Foods Ltd. Meeting Date: 02/06/2020 Country: South Africa

Meeting Type: Annual Ticker: ARL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports for the Year Ended 30 September 2019

For For

For For Elect Saleh Mayet as Director 2.1

For For Elect Willem Potgieter as Director 2.2

For For Re-elect Dr Theunis Eloff as Director 3.1

For For Re-elect Tshepo Shabangu as Director 3.2

For For Re-elect Diederik Fouche as Member of the Audit and Risk Management Committee

4.1

For For Elect Saleh Mayet as Member of the Audit and Risk Management Committee

4.2

For For Re-elect Tshepo Shabangu as Member of the Audit and Risk Management Committee

4.3

For For Re-elect Gary Arnold as Member of the Social and Ethics Committee

5.1

For For Re-elect Theunis Eloff as Member of the Social and Ethics Committee

5.2

For For Re-elect Len Hansen as Member of the Social and Ethics Committee

5.3

For For Re-elect Takalani Maumela as Member of the Social and Ethics Committee

5.4

For For Reappoint PricewaterhouseCoopers Incorporated as Auditors of the Company with EJ Gerryts as the Individual Designated Auditor

6

Vote Summary Report


Astral Foods Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Authorise the Audit and Risk Management Committee to Fix Remuneration of Auditors

7


For For Approve Remuneration Implementation Report 9

For For Authorise Ratification of Approved Resolutions 10

For For Approve Fees Payable to Non-executive Directors

11

For For Approve Financial Assistance to Related and Inter-related Companies

12

For For Authorise Repurchase of Issued Share Capital 13

Compass Group Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Annual Ticker: CPG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Against For Approve Remuneration Report 2

Voter Rationale: Continued retesting

Blended Rationale: Continued retesting


For For Elect Karen Witts as Director 4

For For Re-elect Dominic Blakemore as Director 5

For For Re-elect Gary Green as Director 6

Against For Re-elect Carol Arrowsmith as Director 7

Voter Rationale: Poor pay practices as head of remuneration

Blended Rationale: Poor pay practices as head of remuneration

For For Re-elect John Bason as Director 8

For For Re-elect Stefan Bomhard as Director 9

For For Re-elect John Bryant as Director 10

For For Re-elect Anne-Francoise Nesmes as Director 11

Vote Summary Report


Compass Group Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Nelson Silva as Director 12

For For Re-elect Ireena Vittal as Director 13

For For Re-elect Paul Walsh as Director 14



16


17

For For Approve Payment of Fees to Non-executive Directors

18



20


21


For For Authorise the Company to Call General Meeting with 14 Working Days' Notice

23

easyJet Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Annual Ticker: EZJ

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Voter Rationale: Continued increase in CEO pay

Blended Rationale: Continued increase in CEO pay


For For Re-elect John Barton as Director 4

For For Re-elect Johan Lundgren as Director 5

For For Re-elect Andrew Findlay as Director 6

For For Re-elect Charles Gurassa as Director 7

Vote Summary Report


easyJet Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Dr Andreas Bierwirth as Director 8

For For Re-elect Moya Greene as Director 9

For For Re-elect Dr Anastassia Lauterbach as Director 10

For For Re-elect Nick Leeder as Director 11

For For Re-elect Andy Martin as Director 12

For For Re-elect Julie Southern as Director 13

For For Elect Catherine Bradley as Director 14


15


16


17



19



21

Edgewell Personal Care Company Meeting Date: 02/06/2020 Country: USA

Meeting Type: Annual Ticker: EPC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Robert W. Black For For

For For Elect Director George R. Corbin 1b

For For Elect Director Daniel J. Heinrich 1c

For For Elect Director Carla C. Hendra 1d

For For Elect Director R. David Hoover 1e

For For Elect Director John C. Hunter, III 1f

For For Elect Director James C. Johnson 1g

For For Elect Director Rod R. Little 1h

Vote Summary Report


Edgewell Personal Care Company Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Director Joseph D. O'Leary 1i

For For Elect Director Rakesh Sachdev 1j

For For Elect Director Gary K. Waring 1k

For For Ratify PricewaterhouseCoopers LLP as Auditors 2

Against For Advisory Vote to Ratify Named Executive Officers' Compensation

3

Blended Rationale: The minimum vesting period is less than three years.

Against For Amend Omnibus Stock Plan 4

Blended Rationale: The dilution exceeds 10 percent.The minimum vesting period is less than three years.

GVC Holdings Plc Meeting Date: 02/06/2020 Country: Isle of Man

Meeting Type: Special Ticker: GVC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Relocation of Tax Residency to the United Kingdom; Adopt New Articles of Association

For For

On The Beach Group Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Annual Ticker: OTB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Voter Rationale: Pay for performance misalignment

Blended Rationale: Pay for performance misalignment


Vote Summary Report


On The Beach Group Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Richard Pennycook as Director 4

For For Re-elect Simon Cooper as Director 5

For For Re-elect Paul Meehan as Director 6

Against For Re-elect David Kelly as Director 7

Voter Rationale: Continued poor remuneration practices

Blended Rationale: Continued poor remuneration practices

For For Re-elect Elaine O'Donnell as Director 8

For For Appoint Ernst & Young LLP as Auditors 9




12

For For Amend the Borrowing Limit Under the Company's Articles of Association

13


14


15



17

President Energy Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Special Ticker: PPC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Issue of Equity in Connection with the Loan Conversion

For For

For For Authorise Issue of Equity without Pre-emptive Rights in Connection with the Loan Conversion

2

Vote Summary Report


QMS Media Limited Meeting Date: 02/06/2020 Country: Australia

Meeting Type: Court Ticker: QMS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Scheme of Arrangement in Relation to the Proposed Acquisition of the Company by Shelley BidCo Pty Ltd

For For

Stock Spirits Group Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Annual Ticker: STCK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Voter Rationale: Poor pension practices

Blended Rationale: Poor pension practices

Against For Approve Remuneration Policy 3

Voter Rationale: Poor pension practices

Blended Rationale: Poor pension practices


For For Re-elect David Maloney as Director 5

For For Re-elect John Nicolson as Director 6

For For Re-elect Miroslaw Stachowicz as Director 7

For For Re-elect Paul Bal as Director 8

For For Re-elect Diego Bevilacqua as Director 9

For For Re-elect Michael Butterworth as Director 10

For For Re-elect Tomasz Blawat as Director 11

For For Re-elect Kate Allum as Director 12



14

Vote Summary Report


Stock Spirits Group Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



16


17



19

Against Against Approve Special Dividend 20

Tyson Foods, Inc. Meeting Date: 02/06/2020 Country: USA

Meeting Type: Annual Ticker: TSN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director John Tyson For For

For For Elect Director Gaurdie E. Banister, Jr. 1b

For For Elect Director Dean Banks 1c

For For Elect Director Mike Beebe 1d

For For Elect Director Mikel A. Durham 1e

For For Elect Director Jonathan D. Mariner 1f

For For Elect Director Kevin M. McNamara 1g

For For Elect Director Cheryl S. Miller 1h

For For Elect Director Jeffrey K. Schomburger 1i

For For Elect Director Robert Thurber 1j

For For Elect Director Barbara A. Tyson 1k

For For Elect Director Noel White 1l



3

Vote Summary Report


Tyson Foods, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For Against Report on Deforestation Impacts in Company's Supply Chain

4

Voter Rationale: The company is being asked to report on its supply chain impacts on deforestation. A vote ‘for’ is warranted as the company provides limited transparency on its supply chain risks, including information on its palm oil or international supply chains, which have higher risk for deforestation and current mitigation initiatives do not seem as robust.

Blended Rationale: The company is being asked to report on its supply chain impacts on deforestation. A vote ‘for’ is warranted as the company provides limited transparency on its supply chain risks, including information on its palm oil or international supply chains, which have higher risk for deforestation and current mitigation initiatives do not seem as robust.

For Against Report on Lobbying Payments and Policy 5

Voter Rationale: The company is being asked to report on its lobbying policies, procedures, expenditures, and oversight mechanisms. A vote 'for' is warranted as the company provides limited disclosure on the latter.

Blended Rationale: The company is being asked to report on its lobbying policies, procedures, expenditures, and oversight mechanisms. A vote 'for' is warranted as the company provides limited disclosure on the latter.

Against Against Report on Human Rights Risk Assessment Process

6

For Against Adopt Share Retention Policy For Senior Executives

7

Voter Rationale: More rigorous guidelines enhance alignment between executive interests and long-term shareholder value.

Blended Rationale: More rigorous guidelines enhance alignment between executive interests and long-term shareholder value.

Victrex Plc Meeting Date: 02/06/2020 Country: United Kingdom

Meeting Type: Annual Ticker: VCT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For




For For Re-elect Larry Pentz as Director 5

For For Re-elect Jane Toogood as Director 6

For For Re-elect Janet Ashdown as Director 7

For For Re-elect Brendan Connolly as Director 8

For For Re-elect David Thomas as Director 9

For For Re-elect Jakob Sigurdsson as Director 10

Vote Summary Report


Victrex Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Dr Martin Court as Director 11

For For Re-elect Richard Armitage as Director 12


13


14


15



17


18



20

Autins Group Plc Meeting Date: 02/07/2020 Country: United Kingdom

Meeting Type: Annual Ticker: AUTG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Re-elect Ian Griffiths as Director 2

For For Elect Neil MacDonald as Director 3

For For Reappoint BDO LLP as Auditors and Authorise Their Remuneration

4



6


Vote Summary Report


Brewin Dolphin Holdings Plc Meeting Date: 02/07/2020 Country: United Kingdom

Meeting Type: Annual Ticker: BRW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Voter Rationale: Increased opportunity and 40% non financial.

Blended Rationale: Increased opportunity and 40% non financial.


Voter Rationale: Increased opportunity and 40% non financial.

Blended Rationale: Increased opportunity and 40% non financial.

For For Amend Long Term Performance Plan 4

For For Re-elect Simon Miller as Director 5

For For Re-elect David Nicol as Director 6

For For Elect Siobhan Boylan as Director 7

For For Re-elect Ian Dewar as Director 8

For For Re-elect Kathleen Cates as Director 9

For For Re-elect Caroline Taylor as Director 10

For For Re-elect Michael Kellard as Director 11

For For Re-elect Simonetta Rigo as Director 12

For For Reappoint Deloitte LLP as Auditors 13




16



18


19



21

Vote Summary Report


Brewin Dolphin Holdings Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Increase in Directors' Aggregate Remuneration

22

Charter Hall Long WALE REIT Meeting Date: 02/07/2020 Country: Australia

Meeting Type: Special Ticker: CLW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Ratify Past Issuance of 21.82 Million Stapled Securities to Certain Institutional, Professional and Other Wholesale Investors

For For

For For Ratify Past Issuance of 37.38 Million Stapled Securities to Certain Institutional, Professional and Other Wholesale Investors

2

China Jushi Co. Ltd. Meeting Date: 02/07/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Listing for Transfer of Equity For For

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Listing for Transfer of Equity 1

Woongjin Coway Co., Ltd. Meeting Date: 02/07/2020 Country: South Korea


Vote Summary Report


Woongjin Coway Co., Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Bang Jun-hyeok as Inside Director For For

For For Elect Lee Hae-seon as Inside Director 1.2

For For Elect Seo Jang-won as Inside Director 1.3

For For Elect Kim Jin-bae as Outside Director 1.4

For For Elect Kim Gyu-ho as Outside Director 1.5

For For Elect Yoon Bu-hyeon as Outside Director 1.6

For For Elect Lee Da-woo as Outside Director 1.7

For For Elect Kim Jin-bae as a Member of Audit Committee

2.1

For For Elect Yoon Bu-hyeon as a Member of Audit Committee

2.2

For For Elect Lee Da-woo as a Member of Audit Committee

2.3

For For Amend Articles of Incorporation 3

Investec Ltd. Meeting Date: 02/10/2020 Country: South Africa

Meeting Type: Special Ticker: INL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Matters Relating to the Demerger of Ninety One from Investec Group

For Against

Voter Rationale: Not in shareholders best interests.

Blended Rationale: Not in shareholders best interests.

Against For Approve Matters Relating to the Share Premium Account and Capital Reduction

2



Vote Summary Report


Investec Plc Meeting Date: 02/10/2020 Country: United Kingdom

Meeting Type: Special Ticker: INVP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Matters Relating to the Demerger of Ninety One from Investec Group

For Against



Against For Approve Matters Relating to the Share Premium Account and Capital Reduction

2



Investec Plc Meeting Date: 02/10/2020 Country: United Kingdom

Meeting Type: Court Ticker: INVP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Scheme of Arrangement For Against



Reunert Meeting Date: 02/10/2020 Country: South Africa

Meeting Type: Annual Ticker: RLO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Alex Darko as Director For For

For For Elect Pierre Fourie as Director 2

For For Re-elect Tasneem Abdool-Samad as Director 3

Vote Summary Report


Reunert Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Alan Dickson as Director 4

For For Re-elect Mohini Moodley as Director 5

For For Re-elect Thandi Orleyn as Director 6

For For Re-elect Nick Thomson as Director 7

For For Elect Pierre Fourie as Member of the Audit Committee

8

For For Elect Alex Darko as Member of the Audit Committee

9

For For Re-elect Tasneem Abdool-Samad as Member of the Audit Committee

10

For For Re-elect Sarita Martin as Member of the Audit Committee

11

For For Re-elect Tumeka Matshoba-Ramuedzisi as Member of the Audit Committee

12

For For Reappoint Deloitte & Touche as Auditors of the Company and Authorise Their Remuneration

13

For For Reappoint Nita Ranchod as the Individual Designated Auditor

14

For For Approve Resolutions or Agreements of Executive Directors and Prescribed Officers in Contravention of Section 75 of Companies Act but Only to the Extent that the Relevant Resolutions or Agreements Fell Within the Ambit of Section 75 of Companies Act

15



For For Approve Conditional Share Plan 18

For For Approve Issue of Shares in Terms of the Reunert 2006 Share Option Scheme

19


For For Approve Non-Executive Directors' Remuneration 21

For For Approve Non-Executive Directors' Remuneration for Ad Hoc Assignments

22

For For Approve Financial Assistance Relating to Share Repurchases of Reunert's Shares and Share Plans

23

For For Approve Financial Assistance Relating to Securities for the Advancement of Commercial Interests

24

Vote Summary Report


Reunert Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Financial Assistance in Terms of Section 45 of the Companies Act

25

For For Authorise Ratification of Approved Resolutions 26

Zhejiang Sanhua Intelligent Controls Co., Ltd. Meeting Date: 02/10/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Amendments to Articles of Association For For

Against For Approve Draft and Summary of Performance Shares Incentive Plan

2

Voter Rationale: Stretch of targets in proposed plan

Blended Rationale: Stretch of targets in proposed plan

Against For Approve Methods to Assess the Performance of Plan Participants

3



Against For Approve Authorization of Board to Handle All Related Matters Regarding Performance Shares Incentive Plan

4



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Amendments to Articles of Association 1

Against For Approve Draft and Summary of Performance Shares Incentive Plan

2



Vote Summary Report


Zhejiang Sanhua Intelligent Controls Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Methods to Assess the Performance of Plan Participants

3



Against For Approve Authorization of Board to Handle All Related Matters Regarding Performance Shares Incentive Plan

4



AVIC Jonhon Optronic Technology Co., Ltd. Meeting Date: 02/11/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Guo Zeyi as Non-Independent Director For For

For For Elect Li Sen as Non-Independent Director 1.2

For For Elect Liu Yang as Non-Independent Director 1.3

For For Elect Han Feng as Non-Independent Director 1.4

For For Elect Wang Bo as Non-Independent Director 1.5

For For Elect He Yimin as Non-Independent Director 1.6

For For Elect Fu Guicui as Independent Director 2.1

For For Elect Wang Huilan as Independent Director 2.2

For For Elect Luo Qinghua as Independent Director 2.3

For For Elect Zhao Yong as Supervisor 3.1

For For Elect Xia Wu as Supervisor 3.2

For For Elect Lu Shuangcheng as Supervisor 3.3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Guo Zeyi as Non-Independent Director 1.1

Vote Summary Report


AVIC Jonhon Optronic Technology Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Li Sen as Non-Independent Director 1.2

For For Elect Liu Yang as Non-Independent Director 1.3

For For Elect Han Feng as Non-Independent Director 1.4

For For Elect Wang Bo as Non-Independent Director 1.5

For For Elect He Yimin as Non-Independent Director 1.6

For For Elect Fu Guicui as Independent Director 2.1

For For Elect Wang Huilan as Independent Director 2.2

For For Elect Luo Qinghua as Independent Director 2.3

For For Elect Zhao Yong as Supervisor 3.1

For For Elect Xia Wu as Supervisor 3.2

For For Elect Lu Shuangcheng as Supervisor 3.3

Cineplex Inc. Meeting Date: 02/11/2020 Country: Canada

Meeting Type: Special Ticker: CGX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition by Cineworld Group plc For For

Cineworld Group Plc Meeting Date: 02/11/2020 Country: United Kingdom

Meeting Type: Special Ticker: CINE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of Cineplex Inc For For

Vote Summary Report


Franklin Resources, Inc. Meeting Date: 02/11/2020 Country: USA

Meeting Type: Annual Ticker: BEN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Peter K. Barker For For

For For Elect Director Mariann Byerwalter 1b

For For Elect Director Gregory E. Johnson 1c

For For Elect Director Jennifer M. Johnson 1d

For For Elect Director Rupert H. Johnson, Jr. 1e

For For Elect Director Anthony J. Noto 1f

For For Elect Director Mark C. Pigott 1g

For For Elect Director Laura Stein 1h

For For Elect Director Seth H. Waugh 1i

For For Elect Director Geoffrey Y. Yang 1j


For For Amend Qualified Employee Stock Purchase Plan 3


4

IG Design Group Plc Meeting Date: 02/11/2020 Country: United Kingdom

Meeting Type: Special Ticker: IGR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Issue of Equity in Connection with the Second Tranche Placing

For For

For For Authorise Issue of Equity without Pre-emptive Rights with the Second Tranche Placing

2

Vote Summary Report


Livzon Pharmaceutical Group Inc. Meeting Date: 02/11/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Medium to Long-Term Business Partner Share Ownership Scheme (Draft) of the Company and Its Summary

For Against

Voter Rationale: not in best interest of shareholders

Blended Rationale: not in best interest of shareholders

Against For Approve Granting Mandate to the Board of Directors to Deal with Matters Regarding the Medium to Long-Term Business Partner Share Ownership Scheme of the Company

2

Voter Rationale: not in best interest of shareholders

Blended Rationale: not in best interest of shareholders

For For Approve Shareholders' Return Plan for the Three Years (2019-2021)

3


For For Amend Rules and Procedures Regarding General Meetings of Shareholders

5

Livzon Pharmaceutical Group Inc. Meeting Date: 02/11/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Medium to Long-Term Business Partner Share Ownership Scheme (Draft) of the Company and Its Summary

For Against

Voter Rationale: not in the best interest of shareholders.

Blended Rationale: not in the best interest of shareholders.


2



Vote Summary Report


Livzon Pharmaceutical Group Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


3



5

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Medium to Long-Term Business Partner Share Ownership Scheme (Draft) of the Company and Its Summary

1




2




3



5

Migdal Insurance & Financial Holdings Ltd. Meeting Date: 02/11/2020 Country: Israel

Meeting Type: Special Ticker: MGDL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Amended Compensation Policy for the Directors and Officers of the Company

For For

For For Renew Indemnification and Exemption Agreements to Certain Directors/Officers Who Are Controllers or Affiliated Relatives

2

For For Renew Compensation of Israel Eliahu, Chairman of Subsidiary

3

Vote Summary Report


Migdal Insurance & Financial Holdings Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Employment Terms of Nir Gilad, CEO 4

Against None Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager

A

Against None If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.

B1

Against None If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.

B2

For None If you are an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.

B3

Spar Group Ltd. Meeting Date: 02/11/2020 Country: South Africa

Meeting Type: Annual Ticker: SPP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Elect Lwazi Koyana as Director 2

For For Re-elect Harish Mehta as Director 3.1

For For Re-elect Phumla Mnganga as Director 3.2

For For Re-elect Andrew Waller as Director 3.3

For For Reappoint PricewaterhouseCoopers Inc. as Auditors of the Company with Sharalene Randelhoff as the Designated Individual Audit Partner

4

For For Re-elect Marang Mashologu as Member of the Audit Committee

5.1

For For Re-elect Harish Mehta as Member of the Audit Committee

5.2

Vote Summary Report


Spar Group Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Andrew Waller as Chairman of the Audit Committee

5.3

For For Place Authorised but Unissued Shares Under Control of Directors Pursuant to the Employee Share Trust (2004)

6

For For Place Authorised but Unissued Shares Under Control of Directors Pursuant to the Conditional Share Plan

7



For For Approve Financial Assistance to Related or Inter-related Companies

10

For For Approve Non-executive Directors' Fees 11

Tenaga Nasional Berhad Meeting Date: 02/11/2020 Country: Malaysia

Meeting Type: Court Ticker: 5347

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Internal Reorganization For For

Vontobel Fund - Twentyfour Strategic Income Fund Meeting Date: 02/11/2020 Country: Luxembourg

Meeting Type: Annual Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Financial Statements For For

For For Approve Dividends 3

Against For Approve Remuneration of Directors 4

Voter Rationale: Remuneration not disclosed.

Blended Rationale: Remuneration not disclosed.

Vote Summary Report


Vontobel Fund - Twentyfour Strategic Income Fund Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Discharge of Director Dominic Gaillard 5.1

For For Approve Discharge of Director Philippe Hoss 5.2

For For Approve Discharge of Director Dorothee Wetzel 5.3

For For Re-Elect Dominic Gaillard as Director 6.1

For For Re-Elect Philippe Hoss as Director 6.2

For For Re-Elect Dorothee Wetzel as Director 6.3

For For Renew Appointment of Ernst and Young as Auditor

7

ASTM SpA Meeting Date: 02/12/2020 Country: Italy

Meeting Type: Special Ticker: AT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Fix Number of Directors For For

For For Fix Board Terms for Directors 1.2

For None Slate Submitted by Nuova Argo Finanziaria SpA 1.3.1

Against None Elect Board Chair 1.4

Against For Approve Remuneration of Directors 1.5

Voter Rationale: Lack of disclosure.

Blended Rationale: Lack of disclosure.

Against For Appoint One Internal Statutory Auditor and One Alternate Auditor

2



Athene Holding Ltd. Meeting Date: 02/12/2020 Country: Bermuda

Meeting Type: Special Ticker: ATH

Vote Summary Report


Athene Holding Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Bylaws For For

For For Approve Conversion of Class B Common Shares 2

For For Approve Conversion of Class M Common Shares 3

For For Approve Issuance of Shares Pursuant to Transactions with Related Parties

4


For None Shareholder Represents that Neither they nor Any of its Tax Attributed Affiliates Owns Any Class B Shares or Any Equity Interests of Apollo Global Management or AP Alternative Assets. If You do not Mark Yes your Vote may Not Count. For = Yes; Against= No

A

For None Shareholder Represents that it is Neither an Employee of Apollo Group nor a Management Shareholder, If You do not Mark Yes your Vote may Not Count For = Yes and Against= No

B

Barloworld Ltd. Meeting Date: 02/12/2020 Country: South Africa

Meeting Type: Annual Ticker: BAW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Re-elect Ngozi Edozien as Director 2

For For Re-elect Dominic Sewela as Director 3

For For Re-elect Sango Ntsaluba as Director 4

For For Elect Nopasika Lila as Director 5

For For Re-elect Sango Ntsaluba as Chairman of the Audit Committee

6

For For Re-elect Hester Hickey as Member of the Audit Committee

7

Vote Summary Report


Barloworld Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Michael Lynch-Bell as Member of the Audit Committee

8

For For Re-elect Nomavuso Mnxasana as Member of the Audit Committee

9

For For Appoint Ernst & Young as Auditors of the Company with S Sithebe as Individual Registered Auditor and Authorise Their Remuneration

10

For For Approve Conditional Share Plan 11.1

For For Amend Forfeitable Share Plan 11.2


Voter Rationale: The remuneration policy includes an Attraction and Retention Scheme and a provision which allows the grant of Sign-on cash awards.

Blended Rationale: The remuneration policy includes an Attraction and Retention Scheme and a provision which allows the grant of Sign-on cash awards.

Against For Approve Remuneration Implementation Report 13

Voter Rationale: Usage of Attraction and Retention Scheme

Blended Rationale: Usage of Attraction and Retention Scheme

For For Approve Fees for the Chairman of the Board 1.1

For For Approve Fees for the Resident Non-executive Directors

1.2

For For Approve Fees for the Non-resident Non-executive Directors

1.3

For For Approve Fees for the Resident Chairman of the Audit Committee

1.4

For For Approve Fees for the Resident Members of the Audit Committee

1.5

For For Approve Fees for the Non-resident Members of the Audit Committee

1.6

For For Approve Fees for the Non-resident Chairman of the Remuneration Committee

1.7

For For Approve Fees for the Resident Chairman of the Remuneration Committee

1.8

For For Approve Fees for the Resident Chairman of the social, Ethics and Transformation Committee

1.9

For For Approve Fees for the Resident Chairman of the Risk and Sustainability Committee

1.10

For For Approve Fees for the Resident Chairman of the General Purposes Committee

1.11

For For Approve Fees for the Resident Chairman of the Nomination Committee

1.12

Vote Summary Report


Barloworld Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Fees for the Resident Members of Each of the Board Committees Other than Audit Committee

1.13

For For Approve Fees for the Non-resident Members of Each of the Board Committees

1.14

For For Approve Financial Assistance in Terms of Section 45 of the Companies Act

2


PTC Inc. Meeting Date: 02/12/2020 Country: USA

Meeting Type: Annual Ticker: PTC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Janice Chaffin For For

For For Elect Director Phillip Fernandez 1.2

For For Elect Director James Heppelmann 1.3

For For Elect Director Klaus Hoehn 1.4

For For Elect Director Paul Lacy 1.5

For For Elect Director Corinna Lathan 1.6

For For Elect Director Blake Moret 1.7

For For Elect Director Robert Schechter 1.8

Against For Advisory Vote to Ratify Named Executive Officers' Compensation

2

Voter Rationale: insufficient response from the company following their failed say-on-pay vote around the CEO’s off-cycle award in 2018.

Blended Rationale: insufficient response from the company following their failed say-on-pay vote around the CEO’s off-cycle award in 2018.


RWS Holdings Plc Meeting Date: 02/12/2020 Country: United Kingdom

Meeting Type: Annual Ticker: RWS

Vote Summary Report


RWS Holdings Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



Against For Re-elect Andrew Brode as Director 4

Voter Rationale: Executive director on remuneration committee

Blended Rationale: Executive director on remuneration committee

For For Re-elect Richard Thompson as Director 5

For For Re-elect Desmond Glass as Director 6

Against For Re-elect David Shrimpton as Director 7

Voter Rationale: Lack of board independence and nominating committee.

Blended Rationale: Lack of board independence and nominating committee.

Against For Re-elect Elisabeth Lucas as Director 8



For For Re-elect Lara Boro as Director 9

Against For Re-elect Tomas Kratochvil as Director 10




11

Against For Authorise Board to Fix Remuneration of Auditors 12

Voter Rationale: The aggregate level of non-audit fees paid to the auditors during the year exceeded the audit fees for the second consecutive year due to the fees paid relating to financial due diligence.

Blended Rationale: The aggregate level of non-audit fees paid to the auditors during the year exceeded the audit fees for the second consecutive year due to the fees paid relating to financial due diligence.



14


15


Vote Summary Report


RWS Holdings Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Waiver of Rule 9 of the Takeover Code 17

Voter Rationale: Concerns of creeping control

Blended Rationale: Concerns of creeping control

Stabilus S.A. Meeting Date: 02/12/2020 Country: Luxembourg

Meeting Type: Annual Ticker: STM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

4 Approve Financial Statements For For

For For Approve Allocation of Income 5

For For Approve Consolidated Financial Statements and Statutory Reports

6

For For Approve Discharge of Stephan Kessel as Management Board Member

7

For For Approve Discharge of Mark Wilhelms as Management Board Member

8

For For Approve Discharge of Andreas Sievers as Management Board Member

9

For For Approve Discharge of Andreas Schroder as Management Board Member

10

For For Approve Discharge of Markus Schadlich as Management Board Member

11

For For Approve Discharge of Udo Stark as Supervisory Board Member

12

For For Approve Discharge of Stephan Kessel as Supervisory Board Member

13

For For Approve Discharge of Joachim Rauhut as Supervisory Board Member

14

For For Approve Discharge of Ralf-Michael Fuchs as Supervisory Board Member

15

For For Approve Discharge of Dirk Linzmeier as Supervisory Board Member

16

For For Renew Appointment of KPMG as Auditor 18



Vote Summary Report


Stabilus S.A. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Share Repurchase 21

Tech Data Corporation Meeting Date: 02/12/2020 Country: USA

Meeting Type: Special Ticker: TECD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



Voter Rationale: not supportive of golden parachutes.

Blended Rationale: not supportive of golden parachutes.


Asmedia Technology Inc. Meeting Date: 02/13/2020 Country: Taiwan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Amend Procedures Governing the Acquisition or Disposal of Assets

2

Japan Rental Housing Investments, Inc. Meeting Date: 02/13/2020 Country: Japan


Vote Summary Report


Japan Rental Housing Investments, Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Change REIT Name - Amend Permitted Investment Types - Amend Asset Management Compensation

For For

For For Elect Executive Director Shoda, Ikuo 2.1

For For Elect Executive Director Suzuki, Shunichi 2.2

For For Elect Supervisory Director Yabuta, Kohei 3.1

For For Elect Supervisory Director Nagamine, Jun 3.2

For For Elect Supervisory Director Nakata, Chizuko 3.3

Oxford Metrics Plc Meeting Date: 02/13/2020 Country: United Kingdom

Meeting Type: Annual Ticker: OMG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Reappoint BDO LLP as Auditors and Authorise Their Remuneration

2


For For Elect Naomi Climer as Director 4

For For Re-elect Roger Parry as Director 5

For For Re-elect Catherine Robertson as Director 6



8


Paragon Banking Group Plc Meeting Date: 02/13/2020 Country: United Kingdom

Meeting Type: Annual Ticker: PAG

Vote Summary Report


Paragon Banking Group Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Voter Rationale: Company have yet to achieve Level 2 status but are looking to increase pay on the basis that they will.

Blended Rationale: Company have yet to achieve Level 2 status but are looking to increase pay on the basis that they will.


Voter Rationale: Company have yet to achieve Level 2 status but are looking to increase pay on the basis that they will.

Blended Rationale: Company have yet to achieve Level 2 status but are looking to increase pay on the basis that they will.


For For Re-elect Fiona Clutterbuck as Director 5

For For Re-elect Nigel Terrington as Director 6

For For Re-elect Richard Woodman as Director 7

For For Re-elect Peter Hartill as Director 8

Against For Re-elect Hugo Tudor as Director 9

Voter Rationale: Concerns regarding remuneration arrangements.

Blended Rationale: Concerns regarding remuneration arrangements.

For For Re-elect Barbara Ridpath as Director 10

For For Re-elect Finlay Williamson as Director 11

For For Re-elect Graeme Yorston as Director 12





16


17


For For Authorise Issue of Equity in Relation to Additional Tier 1 Securities

19

For For Authorise Issue of Equity without Pre-emptive Rights in Relation to Additional Tier 1 Securities

20

Vote Summary Report


Paragon Banking Group Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


21

Phoenix Group Holdings Plc Meeting Date: 02/13/2020 Country: United Kingdom

Meeting Type: Special Ticker: PHNX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of ReAssure Group plc For For

For For Authorise Issue of Equity in Connection with the Acquisition

2

Sanderson Farms, Inc. Meeting Date: 02/13/2020 Country: USA

Meeting Type: Annual Ticker: SAFM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director David Barksdale For For

For For Elect Director Lampkin Butts 1.2

Against For Elect Director Beverly W. Hogan 1.3

Voter Rationale: concerns about extensive tenure on board and incumbent member of nominations committee

Blended Rationale: concerns about extensive tenure on board and incumbent member of nominations committee

Against For Elect Director Phil K. Livingston 1.4

Voter Rationale: concerns about extensive tenure on board and incumbent member of nominations committee

Blended Rationale: concerns about extensive tenure on board and incumbent member of nominations committee

For For Elect Director Joe F. Sanderson, Jr. 1.5

For For Elect Director Sonia Perez 1.1

For For Amend Omnibus Stock Plan 2


3

Vote Summary Report


Sanderson Farms, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

One Year One Year Advisory Vote on Say on Pay Frequency 4


Against Against Report on Water Resource Risks 6

For Against Report on Human Rights Due Diligence 7

Voter Rationale: A vote 'for' is warranted as additional transparency over the company's risk identification and assessment process would help shareholders better understand the steps it is taking to understand and manage potential risks to human rights in its operations and supply chain.

Blended Rationale: A vote 'for' is warranted as additional transparency over the company's risk identification and assessment process would help shareholders better understand the steps it is taking to understand and manage potential risks to human rights in its operations and supply chain.

Semiconductor Manufacturing International Corporation Meeting Date: 02/13/2020 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve SMSC Framework Agreement, SMSC Framework Agreement Annual Caps and Related Transactions

For Against

Voter Rationale: Proposed transactions include the provision of guarantee and the company will be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification.

Blended Rationale: Proposed transactions include the provision of guarantee and the company will be taking in a disproportionate amount of risk relative to its ownership stake without compelling justification.

For For Approve Amendment Agreement, Revised Annual Caps and Related Transactions

2

Against For Approve Grant of Restricted Share Units to Chen Shanzhi Under the 2014 Equity Incentive Plan and Related Transactions

3

Voter Rationale: The plan lacks challenging performance criteria and meaningful vesting periods

Blended Rationale: The plan lacks challenging performance criteria and meaningful vesting periods

Against For Approve Grant of Restricted Share Units to William Tudor Brown Under the 2014 Equity Incentive Plan and Related Transactions

4



Vote Summary Report


Semiconductor Manufacturing International Corporation Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Grant of Restricted Share Units to Young Kwang Leei Under the 2014 Equity Incentive Plan and Related Transactions

5



Varian Medical Systems, Inc. Meeting Date: 02/13/2020 Country: USA

Meeting Type: Annual Ticker: VAR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Anat Ashkenazi For For

For For Elect Director Jeffrey R. Balser 1b

For For Elect Director Judy Bruner 1c

For For Elect Director Jean-Luc Butel 1d

For For Elect Director Regina E. Dugan 1e

For For Elect Director R. Andrew Eckert 1f

For For Elect Director Phillip G. Febbo 1g

For For Elect Director David J. Illingworth 1h

For For Elect Director Michelle M. Le Beau 1i

For For Elect Director Dow R. Wilson 1j


2

For For Amend Qualified Employee Stock Purchase Plan 3


Watkin Jones Plc Meeting Date: 02/13/2020 Country: United Kingdom

Meeting Type: Annual Ticker: WJG

Vote Summary Report


Watkin Jones Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Re-elect Grenville Turner as Director 4

For For Re-elect Richard Simpson as Director 5

For For Re-elect Philip Byrom as Director 6

For For Re-elect Simon Laffin as Director 7

For For Re-elect Liz Reilly as Director 8

For For Reappoint Ernst & Young LLP as Auditors 9




12


13



15

China Machinery Engineering Corporation Meeting Date: 02/14/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Bai Shaotong as Director For For

For For Elect Fang Yanshui as Director 2

For For Elect Wang Huifang as Supervisor 3

Vote Summary Report


METRO AG Meeting Date: 02/14/2020 Country: Germany

Meeting Type: Annual Ticker: B4B

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Allocation of Income and Dividends of EUR 0.70 per Ordinary Share and EUR 0.70 per Preferred Share

For For

For For Approve Discharge of Management Board for Fiscal 2018/19

3

For For Approve Discharge of Supervisory Board for Fiscal 2018/19

4

For For Ratify KPMG AG as Auditors for Fiscal 2019/20 5

For For Elect Marco Arcelli to the Supervisory Board 6.1

For For Elect Gwyn Burr to the Supervisory Board 6.2

For For Elect Edgar Ernst to the Supervisory Board 6.3

For For Elect Liliana Solomon to the Supervisory Board 6.4

For For Amend Articles Re: Participation Right 7

Mobile TeleSystems PJSC Meeting Date: 02/14/2020 Country: Russia

Meeting Type: Special Ticker: MTSS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Meeting Procedures For For

For For Approve Reorganization of Company via Merger with RIKT JSC

2.1

For For Approve Reorganization of Company via Merger with Teleservis JSC

2.2

For For Approve Reorganization of Company via Merger with Progtech-Yug LLC

2.3

For For Approve Reorganization of Company via Merger with SIBINTERTELECOM JSC

2.4

For For Approve Reorganization of Company via Merger with NVision Consulting LLC

2.5

Vote Summary Report


Mobile TeleSystems PJSC Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Reorganization of Company via Merger with Avantage LLC

2.6

For For Approve Reorganization of Company via Merger with NIS JSC

2.7

For For Amend Charter in Connection with Reorganization Proposed under Item 2.1

3.1


3.2


3.3


3.4


3.5


3.6


3.7

For For Amend Charter 4

For For Approve New Edition of Regulations on General Meetings

5

For For Approve New Edition of Regulations on Board of Directors

6

For For Amend Charter Re: Competencies of Board of Directors

7

For For Approve Company's Membership in Telecom Infra Project (TIP) Association

8.1

For For Approve Company's Membership in Association of Big Data Market Members

8.2

Koninklijke VolkerWessels NV Meeting Date: 02/17/2020 Country: Netherlands

Meeting Type: Special Ticker: KVW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3a Approve Conditional Asset Sale For For

For For Approve Conditional Dissolve and Appointment of Liquidator

3b

Vote Summary Report


Koninklijke VolkerWessels NV Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Change the Company Form to a Privately Held Limited Liability Company

4

Luz del Sur SA Meeting Date: 02/17/2020 Country: Peru

Meeting Type: Special Ticker: LUSURC1

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Alternate Directors For Against

Voter Rationale: Lack of disclosure

Blended Rationale: Lack of disclosure

For For Appoint Legal Representatives 2

Man Uk Icvc - Uk Absolute Value Fund Meeting Date: 02/17/2020 Country: United Kingdom

Meeting Type: Special Ticker: KZ9NYW.F

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve the Change of Investment Objective, Investment Policy and Related Investment Powers of the Fund

For For

Tong Ren Tang Technologies Co. Ltd. Meeting Date: 02/17/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Asset Transfer Agreement, Supplemental Asset Transfer Agreement and Related Transactions

For For

Vote Summary Report


Tong Ren Tang Technologies Co. Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Amend Rules of Procedures of the Board of Directors Regarding Party Committee

2

Voter Rationale: lack of transparency

Blended Rationale: lack of transparency

Against For Amend Articles of Association Regarding Party Committee

3

Voter Rationale: lack of transparency

Blended Rationale: lack of transparency

China International Travel Service Corp. Ltd. Meeting Date: 02/18/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve to Appoint Auditor For For

For For Approve to Appoint Internal Auditor 2

For For Elect Zhang Yin as Non-independent Director 3

For For Elect Liu Defu as Supervisor 4

FinecoBank SpA Meeting Date: 02/18/2020 Country: Italy

Meeting Type: Special Ticker: FBK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Andrea Zappia as Director For For

For For Amend Company Bylaws Re: Articles 13, 17, and 23

1

Vote Summary Report


Nissan Motor Co., Ltd. Meeting Date: 02/18/2020 Country: Japan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Uchida, Makoto For For

For For Elect Director Ashwani Gupta 1.2

For For Elect Director Sakamoto, Hideyuki 1.3

For For Elect Director Pierre Fleuriot 1.4

PT Bank Rakyat Indonesia (Persero) Tbk Meeting Date: 02/18/2020 Country: Indonesia

Meeting Type: Annual Ticker: BBRI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements, Statutory Reports, and Report of the Partnership and Community Development Program (PCDP) and Discharge of Directors and Commissioners

For For


For For Approve Remuneration and Tantiem of Directors and Commissioners

3

For For Appoint Auditors of the Company and the Partnership and Community Development Program (PCDP)

4

Against For Approve Changes in Board of Company 5

Voter Rationale: lack of information to make informed voting decision

Blended Rationale: lack of information to make informed voting decision

SINOPEC Engineering (Group) Co., Ltd. Meeting Date: 02/18/2020 Country: China


Vote Summary Report


SINOPEC Engineering (Group) Co., Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Yu Renming as Director and Authorize Board to Fix His Remuneration

For For

Blackrock Global Funds - Asian Dragon Fund Meeting Date: 02/19/2020 Country: Luxembourg

Meeting Type: Annual Ticker: SVSJMH.F

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Receive and Approve Financial Statements and Statutory Reports

For For

For For Approve Dividends 2

For For Approve Discharge of Directors 3

For For Re-elect Paul Freeman as Director 4

For For Re-elect Robert Hayes as Director 5

For For Re-elect Francine Keiser as Director 6

For For Re-elect Barry O'Dwyer as Director 7

For For Re-elect Geoffrey Radcliffe as Director 8

For For Re-elect Michael Gruener as Director 9

For For Approve Remuneration of Directors 10

For For Renew Appointment of Ernst and Young as Auditor

11

Gooch & Housego Plc Meeting Date: 02/19/2020 Country: United Kingdom

Meeting Type: Annual Ticker: GHH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


Gooch & Housego Plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



For For Re-elect Gary Bullard as Director 4

For For Re-elect Mark Webster as Director 5

For For Elect Chris Jewell as Director 6

Against For Re-elect Peter Bordui as Director 7

Voter Rationale: Head of nominating committee with all male board

Blended Rationale: Head of nominating committee with all male board

For For Re-elect Brian Phillipson as Director 8

Abstain For Re-elect David Bauernfeind as Director 9

Voter Rationale: On 27 December 2019, the Company announced the passing of David Bauernfeind.

Blended Rationale: On 27 December 2019, the Company announced the passing of David Bauernfeind.


10




13


GrainCorp Limited Meeting Date: 02/19/2020 Country: Australia

Meeting Type: Annual Ticker: GNC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Remuneration Report For For

For For Elect Simon Tregoning as Director 3.1

For For Elect Jane McAloon as Director 3.2

For For Elect Kathy Grigg as Director 3.3

Vote Summary Report


PT Bank Mandiri (Persero) Tbk Meeting Date: 02/19/2020 Country: Indonesia

Meeting Type: Annual Ticker: BMRI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Statements, Statutory Reports, Annual Report, Report of the Partnership and Community Development Program (PCDP), and Discharge of Directors and Commissioners

For For



3


4

For For Approve Changes in Board of Company 5

Aristocrat Leisure Limited Meeting Date: 02/20/2020 Country: Australia

Meeting Type: Annual Ticker: ALL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect KM Conlon as Director For For

For For Elect S Summers Couder as Director 2

For For Elect PJ Ramsey as Director 3

For For Elect PG Etienne as Director 4

Against For Approve Grant of Performance Rights to Trevor Croker

5

Voter Rationale: The structure and disclosure of the LTI remains insufficiently transparent and inconsistent with expected market practice.

Blended Rationale: The structure and disclosure of the LTI remains insufficiently transparent and inconsistent with expected market practice.

For For Approve SuperShare Plan 6


For For Approve Renewal of Proportional Takeover Provisions

8

Vote Summary Report


China Life Insurance Company Limited Meeting Date: 02/20/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Investment by the Company in China Life Aged-care Industry Investment Fund

For For

Euronav NV Meeting Date: 02/20/2020 Country: Belgium

Meeting Type: Special Ticker: EURN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1a Renew Authorization to Increase Share Capital up to USD 50 Million With the Possibility to Restrict or Suspend Preemptive Rights

For Against

Voter Rationale: Excessive increase.

Blended Rationale: Excessive increase.

For For Renew Authorization to Increase Share Capital up to USD 25 Million With the Possibility to Restrict or Suspend Preemptive Rights

1.1b

Against For Renew Authorization to Increase Share Capital up to USD 239,147,502.82 Without the Possibility to Restrict or Suspend Preemptive Rights

1.2a

Voter Rationale: Excessive increase.

Blended Rationale: Excessive increase.

For For Renew Authorization to Increase Share Capital up to USD 120 Million Without the Possibility to Restrict or Suspend Preemptive Rights

1.2b

Against For Authorize Board to Issue Shares in the Event of a Public Tender Offer or Share Exchange Offer

2

Voter Rationale: Could be used for anti takeover purposes which may not be in shareholders' best interests.

Blended Rationale: Could be used for anti takeover purposes which may not be in shareholders' best interests.

Vote Summary Report


Euronav NV Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Authorize Repurchase of Up to 20 Percent of Issued Share Capital

3

Voter Rationale: Repurchase limit exceeds 10%.

Blended Rationale: Repurchase limit exceeds 10%.

Against For Authorize Board to Repurchase Shares in the Event of a Serious and Imminent Harm and Under Normal Conditions

4

Voter Rationale: Could be used for anti takeover purposes which may not be in shareholders' best interests.

Blended Rationale: Could be used for anti takeover purposes which may not be in shareholders' best interests.

Against For Authorize Reissuance of Repurchased Shares 5

Voter Rationale: Re-issuance limit exceeds 10%.

Blended Rationale: Re-issuance limit exceeds 10%.


For For Authorize Implementation of Approved Resolutions and Approve Coordination of Articles of Association

7

For For Approve Filing of Required Documents/Formalities at Trade Registry

8

Folli Follie SA Meeting Date: 02/20/2020 Country: Greece

Meeting Type: Special Ticker: FFGRP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Company Articles For For


For For Ratify Director Appointments 3

For For Elect Members of Audit Committee (Bundled) 4

Against For Approve Sale of Dufry AG Shares 5

Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

Against None Elect Directors (Bundled Dissident Slate) 6

For For Receive Information on Financial and Property Status, Legal Actions, and Actions for the Rehabilitation of the Company

7

Vote Summary Report


Folli Follie SA Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Other Business 8

Voter Rationale: Other business not disclosed.

Blended Rationale: Other business not disclosed.

Hellenic Telecommunications Organization SA Meeting Date: 02/20/2020 Country: Greece

Meeting Type: Special Ticker: HTO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorize Share Repurchase Program For For

For For Approve Cancellation of Repurchased Shares 2

Highbridge Tactical Credit Fund Ltd. Meeting Date: 02/20/2020 Country: Guernsey

Meeting Type: Special Ticker: HTCF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Issue of Equity without Pre-emptive Rights

For Against

Voter Rationale: Excessive dilution.

Blended Rationale: Excessive dilution.

Against For Authorise Issue of Equity without Pre-emptive Rights in Connection with the Placing Programme

2

Voter Rationale: Excessive dilution.

Blended Rationale: Excessive dilution.

Infineon Technologies AG Meeting Date: 02/20/2020 Country: Germany

Meeting Type: Annual Ticker: IFX

Vote Summary Report


Infineon Technologies AG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Discharge of Management Board for Fiscal 2019

3

For For Approve Discharge of Supervisory Board for Fiscal 2019

4

For For Ratify KPMG AG as Auditors for Fiscal 2020 5

Against For Elect Xiaoqun Clever to the Supervisory Board 6.1

Voter Rationale: 5 year term is excessive and reduces accountability to shareholders

Blended Rationale: 5 year term is excessive and reduces accountability to shareholders

Against For Elect Friedrich Eichiner to the Supervisory Board 6.2



Against For Elect Hans-Ulrich Holdenried to the Supervisory Board

6.3



Against For Elect Manfred Puffer to the Supervisory Board 6.4



Against For Elect Ulrich Spiesshofer to the Supervisory Board

6.5



Against For Elect Margret Suckale to the Supervisory Board 6.6

Voter Rationale: 5 year term is excessive and reduces accountability to shareholders.

Blended Rationale: 5 year term is excessive and reduces accountability to shareholders.

For For Approve Cancellation of Conditional Capital 2010/I

7

For For Approve Creation of EUR 750 Million Pool of Capital with Partial Exclusion of Preemptive Rights

8

Vote Summary Report


Infineon Technologies AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


9

Infineon Technologies AG Meeting Date: 02/20/2020 Country: Germany

Meeting Type: Annual Ticker: IFX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Discharge of Management Board for Fiscal 2019

3

For For Approve Discharge of Supervisory Board for Fiscal 2019

4

For For Ratify KPMG AG as Auditors for Fiscal 2020 5

Against For Elect Xiaoqun Clever to the Supervisory Board 6a



Against For Elect Friedrich Eichiner to the Supervisory Board 6b



Against For Elect Hans-Ulrich Holdenried to the Supervisory Board

6c



Against For Elect Manfred Puffer to the Supervisory Board 6d



Against For Elect Ulrich Spiesshofer to the Supervisory Board

6e



Vote Summary Report


Infineon Technologies AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Elect Margret Suckale to the Supervisory Board 6f



For For Approve Cancellation of Conditional Capital 2010/I

7

For For Approve Creation of EUR 750 Million Pool of Capital with Partial Exclusion of Preemptive Rights

8


9

Plus500 Ltd. Meeting Date: 02/20/2020 Country: Israel

Meeting Type: Special Ticker: PLUS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Remuneration Terms of Asaf Elimelech, CEO and Director

For Against

Voter Rationale: Threshold payments at 30%

Blended Rationale: Threshold payments at 30%

Against For Approve Remuneration Terms of Elad Even-Chen, CFO and Director

2

Voter Rationale: Threshold payments at 30%

Blended Rationale: Threshold payments at 30%


A

PT Bank Negara Indonesia (Persero) Tbk Meeting Date: 02/20/2020 Country: Indonesia

Meeting Type: Annual Ticker: BBNI

Vote Summary Report


PT Bank Negara Indonesia (Persero) Tbk

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Statements, Statutory Reports, Financial Report of the Partnership and Community Development Program (PCDP), and Discharge of Directors and Commissioners

For For



3


4

For For Approve Updates in the Company's Recovery Plan

5

For For Approve Changes in Board of Company 6

Raymond James Financial, Inc. Meeting Date: 02/20/2020 Country: USA

Meeting Type: Annual Ticker: RJF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Charles G. von Arentschildt For For

For For Elect Director Robert M. Dutkowsky 1.2

For For Elect Director Jeffrey N. Edwards 1.3

For For Elect Director Benjamin C. Esty 1.4

For For Elect Director Anne Gates 1.5

For For Elect Director Francis S. Godbold 1.6

For For Elect Director Thomas A. James 1.7

For For Elect Director Gordon L. Johnson 1.8

For For Elect Director Roderick C. McGeary 1.9

For For Elect Director Paul C. Reilly 1.10

For For Elect Director Raj Seshadri 1.11

For For Elect Director Susan N. Story 1.12

Vote Summary Report


Raymond James Financial, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


2

For For Amend Omnibus Stock Plan 3


Chongqing Zaisheng Technology Co., Ltd. Meeting Date: 02/21/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Change in Business Scope, Registered Address and Amendments to Articles of Association

For For

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Change in Business Scope, Registered Address and Amendments to Articles of Association

1

Hainan Meilan International Airport Company Limited Meeting Date: 02/21/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extension of the Validity Period of the Resolutions in Relation to the Parent Company Subscription

For For

For For Approve Extension of the Validity Period of the Specific Mandate in Relation to the New H Shares Issue

2

For For Approve Extension of the Authorization to the Board to Deal with All Matters in Relation to the Parent Company Subscription

3

Vote Summary Report


Hainan Meilan International Airport Company Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Extension of the Authorization to the Board to Deal with All Matters in Relation to the New H Shares Issue

4


Against For Approve Proposals Put Forward by Any Shareholder(s) Holding Five Percent or More of the Shares Entitled to Vote

6

Voter Rationale: limited disclosure.

Blended Rationale: limited disclosure.

Hainan Meilan International Airport Company Limited Meeting Date: 02/21/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extension of the Validity Period of the Resolutions in Relation to the Parent Company Subscription

For For

For For Approve Extension of the Validity Period of the Specific Mandate in Relation to the New H Shares Issue

2

For For Approve Extension of the Authorization to the Board to Deal with All Matters in Relation to the Parent Company Subscription

3

For For Approve Extension of the Authorization to the Board to Deal with All Matters in Relation to the New H Shares Issue

4


Against For Approve Proposals Put Forward by Any Shareholder(s) Holding Five Percent or More of the Shares Entitled to Vote

6

Voter Rationale: limited disclosure.

Blended Rationale: limited disclosure.

Mapletree Logistics Trust Meeting Date: 02/21/2020 Country: Singapore

Meeting Type: Special Ticker: M44U

Vote Summary Report


Mapletree Logistics Trust

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Proposed Acquisition For For

Select Harvests Limited Meeting Date: 02/21/2020 Country: Australia

Meeting Type: Annual Ticker: SHV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Remuneration Report For For

For For Elect Fiona Bennett as Director 2a

For For Elect Guy Kingwill as Director 2b

For None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

3

For For Approve Grant of Awards to Paul Thompson 4

OSG Corp. (6136) Meeting Date: 02/22/2020 Country: Japan

Meeting Type: Annual Ticker: 6136

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Allocation of Income, with a Final Dividend of JPY 24

For For

For For Elect Director Ishikawa, Norio 2.1

For For Elect Director Osawa, Nobuaki 2.2

For For Elect Director and Audit Committee Member Osawa, Gohei

3.1

For For Elect Director and Audit Committee Member Nakagawa, Takeo

3.2

Vote Summary Report


OSG Corp. (6136) Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Elect Director and Audit Committee Member Ono, Kyoshiro

3.3

Blended Rationale: A vote AGAINST this director nominee is warranted because:- This outside director candidate who will be an audit committee member lacks independence.

For For Elect Director and Audit Committee Member Sakaki, Yoshiyuki

3.4

For For Elect Director and Audit Committee Member Takahashi, Akito

3.5

For For Elect Director and Audit Committee Member Hara, Kunihiko

3.6

For For Elect Alternate Director and Audit Committee Member Yamashita, Kayoko

4

For For Approve Annual Bonus 5

Cholamandalam Investment and Finance Company Limited Meeting Date: 02/24/2020 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Issuance of Equity Shares to Cholamandalam Financial Holdings Limited on Preferential Basis

For For

First Abu Dhabi Bank PJSC Meeting Date: 02/24/2020 Country: United Arab Emirates

Meeting Type: Annual Ticker: FAB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Board Report on Company Operations for FY 2019

For For

For For Approve Auditors' Report on Company Financial Statements for FY 2019

2

For For Accept Financial Statements and Statutory Reports for FY 2019

3

Vote Summary Report


First Abu Dhabi Bank PJSC Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Allocation of Income and Dividends of 74 Percent of Share Capital for FY 2019

4

Against For Approve Remuneration of Directors 5

Voter Rationale: Excessive remuneration with no rationale provided.

Blended Rationale: Excessive remuneration with no rationale provided.

For For Approve Discharge of Directors for FY 2019 6

For For Approve Discharge of Auditors for FY 2019 7

For For Ratify Auditors and Fix Their Remuneration for FY 2020

8

Against For Elect Directors (Bundled) 9

Voter Rationale: Lack of disclosure around director details.

Blended Rationale: Lack of disclosure around director details.

For For Approve Shariah Supervisory Board Report and Elect Shariah Supervisory Board Members

10

Against For Amend Articles of Bylaws 11



For For Approve The Renewal of the issuing programs/Sukuk/Bonds or Create New Programs Up to USD 10 Billion

12

For For Authorize Issuance of Bonds/Debentures/Sukuk Up to USD 10 Billion and Issue Additional Tier 1 Bonds Up to USD 1 Billion

13

India Grid Trust Meeting Date: 02/24/2020 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Proposed Acquisition of Power Transmission Asset and Matters Related Thereto

For For

Vote Summary Report


Lyxor BofAML High Yield Ex-Financial Bond UCITS ETF-Dist Meeting Date: 02/24/2020 Country: Luxembourg

Meeting Type: Annual Ticker: YIEL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Receive and Approve Board's and Auditor's Reports

For For

For For Approve Financial Statements 2

For For Approve Allocation of Income and Dividends 3

For For Approve Resignation of Claudio Bacceli as Director

4

For For Ratify Cooptation of Martin Rausch as Director 5

For For Approve Discharge of Directors 6

Against For Re-elect Directors 7

Voter Rationale: Director details are not disclosed.

Blended Rationale: Director details are not disclosed.

Against For Renew Appointment of Auditor 8

Voter Rationale: Auditor details are not disclosed.

Blended Rationale: Auditor details are not disclosed.

For For Authorize Fillings and Publications Required by the Law

9

Shandong Gold Mining Co., Ltd. Meeting Date: 02/24/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Approve Provision of Guarantee for the Financing of an Overseas Subsidiary of the Company

2

For For Approve Shinewing (HK) CPA Limited as Auditor 3

For For Elect Luan Bo as Supervisor 4

Vote Summary Report


Shandong Gold Mining Co., Ltd. Meeting Date: 02/24/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Jiangsu Expressway Company Limited Meeting Date: 02/25/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.01 Approve Issue Size For For

For For Approve Par Value and Issue Price 1.02

For For Approve Issue Method 1.03

For For Approve Maturity and Type of Bonds 1.04

For For Approve Coupon Rate of Bonds 1.05

For For Approve Repayment of Principal and Interest of the Bonds

1.06

For For Approve Arrangements on Placement to Shareholders of the Company

1.07

For For Approve Redemption or Repurchase Terms 1.08

For For Approve Guarantee Terms 1.09

For For Approve Use of Proceeds 1.10

For For Approve Way of Underwriting 1.11

For For Approve Trading and Exchange Markets 1.12

For For Approve Protection Measures for Repayment 1.13

For For Approve Validity Period of the Resolutions 1.14

For For Approve Authorization in Relation to the Issue of Corporate Bonds

1.15

Vote Summary Report


Kone Oyj Meeting Date: 02/25/2020 Country: Finland

Meeting Type: Annual Ticker: KNEBV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3 Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

For For

For For Acknowledge Proper Convening of Meeting 4

For For Prepare and Approve List of Shareholders 5

For For Accept Financial Statements and Statutory Reports

7

For For Approve Allocation of Income and Dividends of EUR 1.6975 per Class A Share and EUR 1.70 per Class B Share

8

For For Approve Discharge of Board and President 9

Against For Approve Remuneration Policy And Other Terms of Employment For Executive Management

10

Voter Rationale: Performance criteria used in the annual bonus and LTIP are not disclosed so unable to determine pay for performance alignment.

Blended Rationale: Performance criteria used in the annual bonus and LTIP are not disclosed so unable to determine pay for performance alignment.

For For Approve Remuneration of Directors in the Amount of EUR 60,000 for Chairman, EUR 50,000 for Vice Chairman, and EUR 45,000 for Other Directors; Approve Attendance Fees for Board and Committee Work

11

For For Fix Number of Directors at Nine 12

Against For Reelect Matti Alahuhta, Anne Brunila, Antti Herlin, Iiris Herlin, Jussi Herlin, Ravi Kant, Juhani Kaskeala and Sirpa Pietikainen as Directors; Elect Susan Duinhoven as New Director

13

Voter Rationale: Lack of independence on the board as well as the audit committee being Chaired by an executive director.

Blended Rationale: Lack of independence on the board as well as the audit committee being Chaired by an executive director.

For For Amend Articles Re: Business Area; Auditors; General Meeting

14

For For Approve Remuneration of Auditors 15.a

For For Fix Number of Auditors at Two for Financial Year 2020

15.b

For For Fix Number of Auditors at One for Financial Year 2021

15.c

For For Ratify PricewaterhouseCoopers and Jouko Malinen as Auditors for Financial Year 2020

15.d

Vote Summary Report


Kone Oyj Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Ratify Ernst & Young as Auditors for Financial Year 2021

15.e

For For Authorize Share Repurchase Program 16

For For Approve Issuance Shares without Preemptive Rights

17

Nemak SAB de CV Meeting Date: 02/25/2020 Country: Mexico

Meeting Type: Annual Ticker: NEMAKA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Statements and Statutory Reports

For For

For For Approve Allocation of Income and Cash Dividends; Approve Maximum Amount for Repurchase of Shares

2

Against For Elect Directors and Chairman of Audit and Corporate Practices Committee; Fix Their Remuneration

3



For For Appoint Legal Representatives 4

For For Approve Minutes of Meeting 5

Technology One Limited Meeting Date: 02/25/2020 Country: Australia

Meeting Type: Annual Ticker: TNE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Cliff Rosenberg as Director For For

For For Elect Ron McLean as Director 2

For For Elect Jane Andrews as Director 3

Vote Summary Report


Technology One Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


The Sage Group Plc Meeting Date: 02/25/2020 Country: United Kingdom

Meeting Type: Annual Ticker: SGE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Elect Dr John Bates as Director 4

For For Elect Jonathan Bewes as Director 5

For For Elect Annette Court as Director 6

For For Re-elect Sir Donald Brydon as Director 7

For For Re-elect Drummond Hall as Director 8

For For Re-elect Steve Hare as Director 9

For For Re-elect Jonathan Howell as Director 10

For For Re-elect Cath Keers as Director 11

For For Reappoint Ernst & Young LLP as Auditors 12

For For Authorise the Audit and Risk Committee to Fix Remuneration of Auditors

13


14



16


17



19

Vote Summary Report


Apple Inc. Meeting Date: 02/26/2020 Country: USA

Meeting Type: Annual Ticker: AAPL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director James Bell For For

For For Elect Director Tim Cook 1b

For For Elect Director Al Gore 1c

For For Elect Director Andrea Jung 1d

For For Elect Director Art Levinson 1e

For For Elect Director Ron Sugar 1f

For For Elect Director Sue Wagner 1g



3

For Against Proxy Access Amendments 4

Voter Rationale: enhance shareholder rights while maintaining necessary safeguards on the nomination process

Blended Rationale: enhance shareholder rights while maintaining necessary safeguards on the nomination process

Against Against Assess Feasibility of Including Sustainability as a Performance Measure for Senior Executive Compensation

5

For Against Report on Freedom of Expression and Access to Information Policies

6

Voter Rationale: The company is asked to report annually on policies on freedom of expression and access to information. The company already provides a good level of reporting on human rights, however given the societal importance of the topic, a vote 'for' is warranted in this case.

Blended Rationale: The company is asked to report annually on policies on freedom of expression and access to information. The company already provides a good level of reporting on human rights, however given the societal importance of the topic, a vote 'for' is warranted in this case.

Ashok Leyland Limited Meeting Date: 02/26/2020 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Saugata Gupta as Director For For

Vote Summary Report


Ashok Leyland Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Vipin Sondhi as Director 2

Against For Approve Appointment and Remuneration of Vipin Sondhi as Managing Director and Chief Executive Officer

3

Voter Rationale: There is no clarity on the performance metrics and level of stretch in the performance targets

Blended Rationale: There is no clarity on the performance metrics and level of stretch in the performance targets

Deere & Company Meeting Date: 02/26/2020 Country: USA

Meeting Type: Annual Ticker: DE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Samuel R. Allen For For

For For Elect Director Alan C. Heuberger 1b

For For Elect Director Charles O. Holliday, Jr. 1c

For For Elect Director Dipak C. Jain 1d

For For Elect Director Michael O. Johanns 1e

For For Elect Director Clayton M. Jones 1f

For For Elect Director John C. May 1g

For For Elect Director Gregory R. Page 1h

For For Elect Director Sherry M. Smith 1i

For For Elect Director Dmitri L. Stockton 1j

For For Elect Director Sheila G. Talton 1k

Against For Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes

2

Voter Rationale: restriction of shareholders' litigation rights

Blended Rationale: restriction of shareholders' litigation rights


3

For For Approve Omnibus Stock Plan 4

For For Ratify Deloitte & Touche LLP as Auditors 5

Against Against Disclose Board Qualifications Matrix 6

Vote Summary Report


Divi's Laboratories Limited Meeting Date: 02/26/2020 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Payment of Remuneration to Directors For For

For For Elect Kosaraju Veerayya Chowdary as Director 2

Against For Approve Revision in the Remuneration of Nilima Motaparti as Whole-time Director (Commercial)

3



Against For Approve Reappointment and Remuneration of Kiran S. Divi as Whole-time Director and Chief Executive Officer

4



For For Approve Reappointment and Remuneration of Madhusudana Rao Divi as Whole-time Director (Projects)

5

Grand Korea Leisure Co., Ltd. Meeting Date: 02/26/2020 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Appoint Im Chan-gyu as Internal Auditor For For

Novozymes A/S Meeting Date: 02/26/2020 Country: Denmark

Meeting Type: Annual Ticker: NZYM.B

Vote Summary Report


Novozymes A/S

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Allocation of Income and Dividends of DKK 5.25 Per Share

3

For For Approve Remuneration of Directors in the Amount of DKK 1.5 Million for Chairman, DKK1 Million for Vice Chairman and DKK 500,000 for Other Directors; ApproveRemuneration for Committee Work

4

For For Reelect Jorgen Buhl Rasmussen (Chairman) as Director

5

For For Elect Cornelis de Jong (Vice Chairman) as Director

6

For For Reelect Kasim Kutay as Director 7a

For For Reelect Kim Stratton as Director 7b

For For Reelect Mathias Uhlen as Director 7c

For For Elect Sharon James as Director 7d

For For Elect Heine Dalsgaard as Director 7e

For For Ratify PricewaterhouseCoopers as Auditors 8

For For Approve Guidelines for Incentive-Based Compensation for Executive Management and Board

9a

For For Approve Creation of DKK 57 Million Pool of Capital in B Shares without Preemptive Rights; DKK 58.2 Million Pool of Capital with Preemptive Rights; and Pool of Capital in Warrants without Preemptive Rights

9b

For For Approve DKK 12 Million Reduction in Share Capital via Share Cancellation

9c

For For Authorize Share Repurchase Program 9d

For For Amend Articles 9e

For For Authorize Editorial Changes to Adopted Resolutions in Connection with Registration with Danish Authorities

9f

SSP Group Plc Meeting Date: 02/26/2020 Country: United Kingdom

Meeting Type: Annual Ticker: SSPG

Vote Summary Report


SSP Group Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Re-elect Simon Smith as Director 4

For For Re-elect Jonathan Davies as Director 5

For For Re-elect Carolyn Bradley as Director 6

For For Re-elect Ian Dyson as Director 7

For For Re-elect Per Utnegaard as Director 8

For For Elect Mike Clasper as Director 9




12



14


15



17

Yageo Corp. Meeting Date: 02/26/2020 Country: Taiwan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Issuance of Common Shares for Cash for Sponsoring Issuance of GDR

For For

Vote Summary Report


Aurubis AG Meeting Date: 02/27/2020 Country: Germany

Meeting Type: Annual Ticker: NDA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Discharge of Management Board for Fiscal 2018/19

3

For For Approve Discharge of Supervisory Board for Fiscal 2018/19

4

For For Ratify Deloitte GmbH as Auditors for Fiscal 2019/20

5

Central European Media Enterprises Ltd. Meeting Date: 02/27/2020 Country: Bermuda

Meeting Type: Special Ticker: CETV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



Voter Rationale: we are not supportive of golden parachutes

Blended Rationale: we are not supportive of golden parachutes


Digital Realty Trust, Inc. Meeting Date: 02/27/2020 Country: USA

Meeting Type: Special Ticker: DLR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Issue Shares in Connection with Acquisition For For


Vote Summary Report


InterXion Holding NV Meeting Date: 02/27/2020 Country: Netherlands

Meeting Type: Special Ticker: INXN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

B.1 Approve Legal Merger For Against

Voter Rationale: We are not supportive of this transaction.

Blended Rationale: We are not supportive of this transaction.

Against For Approve Legal Demerger B.2



Against For Approve Sale of Company Assets and Sale of Post-Demerger Share

B.3



Against For Approve Conditions of Liquidation Re: Item 3 B.4



Against For Approve Discharge of Management Board B.5



Against For Approve Conversion from Dutch Public Company (N.V.). to Dutch Private Companywith Limited Liability (B.V.) and Amend Articles of Association in Relation with Conversion

B.6



Against For Elect Directors (Bundled) B.7



Kimberly-Clark de Mexico SAB de CV Meeting Date: 02/27/2020 Country: Mexico

Meeting Type: Annual Ticker: KIMBERA

Vote Summary Report


Kimberly-Clark de Mexico SAB de CV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Statements and Statutory Reports; Approve Allocation of Income

For For

Against For Elect or Ratify Principal and Alternate Members of Board of Directors, Chairman of Audit and Corporate Practices Committee and Secretary; Verify Director's Independence

2



For For Approve Remuneration of Principal and Alternate Members of Board of Directors, Board Committees and Secretary

3

For For Approve Report on Share Repurchase Policies and Set Maximum Amount of Share Repurchase Reserve

4

For For Approve Cash Dividends of MXN 1.60 per Series A and B Shares; Such Dividends Will Be Distributed in Four Installments of MXN 0.40

5


6

L&G Longer Dated All Commodities UCITS ETF Meeting Date: 02/27/2020 Country: Ireland

Meeting Type: Court Ticker: CMFP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


L&G Longer Dated All Commodities UCITS ETF Meeting Date: 02/27/2020 Country: Ireland

Meeting Type: Special Ticker: CMFP

Vote Summary Report


L&G Longer Dated All Commodities UCITS ETF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Adoption of an International Central Securities Depository Model of Settlement

For For

For For Amend the Constitution 2

Leopalace21 Corp. Meeting Date: 02/27/2020 Country: Japan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Fujita, Kazuyasu For For

For For Elect Director Nakamura, Yutaka 1.2

For Against Elect Shareholder Director Nominee Omura, Masahiro

2

Voter Rationale: We support board refreshment

Blended Rationale: We support board refreshment

Lloyds Bank Plc Meeting Date: 02/27/2020 Country: United Kingdom

Meeting Type: Bondholder Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extraordinary Resolution as per Meeting Notice

For For



Vote Summary Report


Lloyds Bank Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Resolute Mining Limited Meeting Date: 02/27/2020 Country: Australia

Meeting Type: Special Ticker: RSG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Issuance of Major Shareholder Placement Shares to ICM Limited

For For

For None Approve Issuance of Director Placement Shares to Martin Botha

3

For None Approve Issuance of Director Placement Shares to John Welborn

4

For None Approve Issuance of Director Placement Shares to Yasmin Broughton

5

For None Approve Issuance of Director Placement Shares to Sabina Shugg

6

For For Approve Issuance of Shares to Taurus Mining Finance Fund L.P.

7

Vote Summary Report


Samty Co., Ltd. Meeting Date: 02/27/2020 Country: Japan

Meeting Type: Annual Ticker: 3244

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Allocation of Income, with a Final Dividend of JPY 44

For For

For For Amend Articles to Amend Provisions on Number of Directors

2

For For Elect Director Terauchi, Takaharu 3.1

For For Elect Director Yoshida, Kotaro 3.2

For For Appoint Statutory Auditor Koi, Mitsusuke 4.1

For For Appoint Statutory Auditor Sawa, Toshihiro 4.2

For For Appoint Ernst & Young ShinNihon LLC as New External Audit Firm

5

For For Approve Restricted Stock Plan 6

Transcontinental Inc. Meeting Date: 02/27/2020 Country: Canada

Meeting Type: Annual Ticker: TCL.A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director H. Peter Brues For For

For For Elect Director Jacynthe Cote 1.2

For For Elect Director Yves Leduc 1.3

For For Elect Director Isabelle Marcoux 1.4

For For Elect Director Nathalie Marcoux 1.5

For For Elect Director Pierre Marcoux 1.6

For For Elect Director Remi Marcoux 1.7

For For Elect Director Anna Martini 1.8

For For Elect Director Francois Olivier 1.9

For For Elect Director Mario Plourde 1.10

For For Elect Director Jean Raymond 1.11

Vote Summary Report


Transcontinental Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Director Francois R. Roy 1.12

For For Elect Director Annie Thabet 1.13

For For Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration

2

For For Advisory Vote on Executive Compensation Approach

3

TravelSky Technology Limited Meeting Date: 02/27/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Cui Zhixiong as Director For For

For For Elect Xiao Yinhong as Director 1.2

For For Elect Zhao Xiaohang as Director 1.3

For For Elect Xi Sheng as Director 1.4

For For Elect Luo Laijun a as Director 1.5

For For Elect Cao Shiqing as Director 1.6

Against For Elect Ngai Wai Fung as Director 1.7

Voter Rationale: considered overboarded

Blended Rationale: considered overboarded

For For Elect Liu Xiangqun as Director 1.8

For For Elect Zeng Yiwei as Supervisor 2.1

For For Elect Zhu Yan as Supervisor 2.3

For For Approve Remuneration of Directors 3

For For Approve Remuneration of Supervisors 4

Agricultural Bank of China Meeting Date: 02/28/2020 Country: China


Vote Summary Report


Agricultural Bank of China

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Fixed Assets Investment Budget for 2020

For For

For For Approve Issuance Plan of Write-Down Undated Capital Bonds of the Bank

2

For For Approve Issuance Plan of Write-Down Eligible Tier-2 Capital Instruments of the Bank

3

Albert Technologies Ltd. Meeting Date: 02/28/2020 Country: Israel

Meeting Type: Special Ticker: ALB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Loan Financing Agreement For For


2


A

China Longyuan Power Group Corporation Limited Meeting Date: 02/28/2020 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Zhang Xiaoliang as Director For For

For For Elect Hao Jingru as Supervisor 2

Vote Summary Report


DNO ASA Meeting Date: 02/28/2020 Country: Norway

Meeting Type: Special Ticker: DNO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Elect Chairman of Meeting; Designate Inspector(s) of Minutes of Meeting

For For

For For Approve Notice of Meeting and Agenda 3

For For Approve NOK 27.1 Million Reduction in Share Capital via Share Cancellation

4

Lyxor EURO STOXX 50 (DR) UCITS ETF Meeting Date: 02/28/2020 Country: France

Meeting Type: Annual/Special Ticker: MSE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Statements and Statutory Reports

For For

Against For Approve Auditors' Special Report on Related-Party Transactions

2

Voter Rationale: Report not disclosed so unable to make an informed decision.

Blended Rationale: Report not disclosed so unable to make an informed decision.

For For Approve Allocation of Income for LYXOR BEL 20 TR (DR) UCITS ETF and Dividends of EUR 0.35 per Share

3

For For Approve Treatment of Losses for LYXOR BTP DAILY (2X) LEVERAGED UCITS ETF

4

For For Approve Treatment of Losses for LYXOR BUND DAILY (2X) LEVERAGED UCITS ETF

5

For For Approve Treatment of Losses for LYXOR BTP DAILY (-2X) INVERSE UCITS ETF

6

For For Approve Treatment of Losses for Lyxor 10Y US TREASURY DAILY -2X INVERSE UCITS ETF

7

For For Approve Allocation of Income for LYXOR FTSE ITALIA MID CAP PIR (DR) UCITS ETF and Absence of Dividends

8

For For Approve Allocation of Income for LYXOR GERMAN MID-CAP MDAX UCITS ETF and Absence of Dividends

9

Vote Summary Report


Lyxor EURO STOXX 50 (DR) UCITS ETF Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Allocation of Income for Lyxor HWABAO WP MSCI CHINA A (DR) UCITS ETF and Absence of Dividends

10

For For Approve Treatment of Losses for LYXOR MSCI WORLD EX EMU UCITS ETF

11

For For Approve Allocation of Income for Lyxor DJ GLOBAL TITANS 50 UCITS ETF and Dividends of EUR 0.30 per Share

12

For For Approve Treatment of Losses for Lyxor SMI Daily (-2X) Inverse UCITS ETF

13

For For Approve Treatment of Losses for Lyxor Daily SHORT DAX X2 UCITS ETF

14

For For Approve Allocation of Income for Lyxor IBEX 35 Doble Apalancado Diario UCITS ETF and Absence of Dividends

15

For For Approve Treatment of Losses for Lyxor IBEX 35 Doble Inverso Diario UCITS ETF

16

For For Approve Treatment of Losses for Lyxor NASDAQ-100 Daily (2X) Leveraged UCITS ETF

17

For For Approve Allocation of Income for Lyxor PEA PME (DR) UCITS ETF and Absence of Dividends

18

For For Approve Allocation of Income for Lyxor Russell 1000 Growth UCITS ETF and Absence of Dividends

19

For For Approve Allocation of Income for Lyxor Russell 1000 Value UCITS ETF and Absence of Dividends

20

For For Approve Allocation of Income for Lyxor CAC 40 Daily (2X) Leveraged UCITS ETF and Absence of Dividends

21

For For Approve Treatment of Losses for Lyxor CAC 40 Daily (-2X) Inverse UCITS ETF

22

For For Approve Treatment of Losses for LYXOR CAC 40 DAILY (-1X) INVERSE UCITS ETF

23

For For Approve Allocation of Income for Lyxor CAC MID 60 UCITS ETF and Absence of Dividends

24

For For Approve Treatment of Losses for LYXOR EURO OVERNIGHT RETURN UCITS ETF

25

For For Approve Allocation of Income for Lyxor World Water UCITS ETF and Absence of Dividends

26

For For Approve Treatment of Losses for Lyxor EURO STOXX 50 Daily (-2X) Inverse UCITS ETF

27

For For Approve Allocation of Income for Lyxor EURO STOXX 50 Daily (2X) Leveraged UCITS ETF and Absence of Dividends

28

Vote Summary Report



Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Treatment of Losses for Lyxor EURO STOXX 50 Daily (-1X) Inverse UCITS ETF

29

For For Approve Treatment of Losses for Lyxor FTSE MIB Daily (-2X) Inverse (XBEAR) UCITS ETF

30

For For Approve Allocation of Income for Lyxor FTSE MIB Daily (2X) Leveraged UCITS ETF and Dividends of EUR 0.57 per Share

31

For For Approve Allocation of Income for Lyxor FTSE MIB Daily (-1X) Inverse (BEAR) UCITS ETF and Absence of Dividends

32

For For Approve Treatment of Losses for Lyxor Bund Daily (-2x) Inverse UCITS ETF

33

For For Approve Allocation of Income for Lyxor FTSE MIB UCITS ETF and Dividends of EUR 0.16 per Share

34

For For Approve Allocation of Income for Lyxor IBEX 35 (DR) UCITS ETF and Dividends of EUR 0.66 per Share

35

For For Approve Allocation of Income for Lyxor MSCI Europe (DR) UCITS ETF and Dividends of EUR 0.89 per Share

36

For For Approve Allocation of Income for Lyxor MSCI USA UCITS ETF and Dividends of EUR 0.68 per Share

37

For For Approve Allocation of Income for Lyxor MSCI World UCITS ETF and Dividends of EUR 3.89 per Share

38

For For Approve Allocation of Income for Lyxor MSCI Emerging Markets UCITS ETF and Absence of Dividends

39

For For Approve Allocation of Income for LYXOR JAPAN (TOPIX) (DR) UCITS ETF and Dividends

40

For For Approve Allocation of Income for LYXOR CAC 40 (DR) UCITS ETF and Dividends

41

For For Approve Allocation of Income for LYXOR EURO STOXX 50 (DR) UCITS ETF and Dividends

42

For For Approve Treatment of Losses for LYXOR PEA OBLIGATIONS D?ETAT UCITS ETF

43

For For Approve Allocation of Income for Lyxor MSCI GREECE UCITS ETF and Dividends

44

For For Approve Allocation of Income for Lyxor MSCI INDIA UCITS ETF and Absence of Dividends

45

For For Approve Allocation of Income for Lyxor RUSSEL2000 UCITS ETF and Absence of Dividends

46

Vote Summary Report



Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Treatment of Losses for Lyxor NEW ENERGY UCITS ETF

47

For For Approve Treatment of Losses for PLANET MONDE

48

For For Approve Merger by Absorption of LYXOR EURO STOXX 50 DAILY(-1x) Inverse UCITS ETF by FCP Comstage EURO STOXX50 DAILY SHORT GR UCITS ETF

49

For For Approve Merger by Absorption of LYXOR GERMAN MID-CAP MDAX UCITS ETF by FCP Comstage MDAX TR UCITS ETF

50

For For Authorize Filing of Required Documents/Other Formalities

51

Novartis AG Meeting Date: 02/28/2020 Country: Switzerland

Meeting Type: Annual Ticker: NOVN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Discharge of Board and Senior Management

2

For For Approve Allocation of Income and Dividends of CHF 2.95 per Share

3

For For Approve CHF 30.2 Million Reduction in Share Capital via Cancellation of Repurchased Shares

4

For For Approve Remuneration of Directors in the Amount of CHF 9 Million

5.1

For For Approve Maximum Remuneration of Executive Committee in the Amount of CHF 93 Million

5.2

For For Approve Remuneration Report 5.3

For For Reelect Joerg Reinhardt as Director and Board Chairman

6.1

For For Reelect Nancy Andrews as Director 6.2

For For Reelect Ton Buechner as Director 6.3

For For Reelect Patrice Bula as Director 6.4

For For Reelect Srikant Datar as Director 6.5

Vote Summary Report


Novartis AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Reelect Elizabeth Doherty as Director 6.6

For For Reelect Ann Fudge as Director 6.7

For For Reelect Frans van Houten as Director 6.8

For For Reelect Andreas von Planta as Director 6.9

For For Reelect Charles Sawyers as Director 6.10

For For Reelect Enrico Vanni as Director 6.11

For For Reelect William Winters as Director 6.12

For For Elect Bridgette Heller as Director 6.13

For For Elect Simon Moroney as Director 6.14

For For Reappoint Patrice Bula as Member of the Compensation Committee

7.1

For For Reappoint Srikant Datar as Member of the Compensation Committee

7.2

For For Reappoint Enrico Vanni as Member of the Compensation Committee

7.3

For For Reappoint William Winters as Member of the Compensation Committee

7.4

For For Appoint Bridgette Heller as Member of the Compensation Committee

7.5

For For Ratify PricewaterhouseCoopers AG as Auditors 8

For For Designate Peter Zahn as Independent Proxy 9

Against For Transact Other Business (Voting) 10

Voter Rationale: Other business not disclosed.

Blended Rationale: Other business not disclosed.

Novartis AG Meeting Date: 02/28/2020 Country: Switzerland

Meeting Type: Annual Ticker: NOVN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Share Re-registration Consent For For

Vote Summary Report


RM2 International SA Meeting Date: 02/28/2020 Country: Luxembourg

Meeting Type: Special Ticker: RM2

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Receive and Approve Director's Special Reports Re: Suppression of the Preferential Right of Subscription

For For

For For Authorize Board to Exclude Preemptive Rights from Share Issuances and Increase Authorized Share Capital

2

For For Increase Authorized Share Capital 3

For For Amend Articles to Reflect Changes in Capital 4

Sany Heavy Equipment International Holdings Company Limited Meeting Date: 02/28/2020 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Supplemental Master Purchase Agreement (2020-2022), Annual Caps and Related Transactions

For For

For For Approve Supplemental Master Transportation Agreement (2020-2022), Annual Caps and Related Transactions

2

For For Approve Supplemental Products Sales Agreement (2020-2022), Annual Caps and Related Transactions

3

For For Approve Automated Machinery Sales Agreement (2020-2022), Annual Caps and Related Transactions

4

Universal Scientific Industrial (Shanghai) Co., Ltd. Meeting Date: 02/28/2020 Country: China


Vote Summary Report


Universal Scientific Industrial (Shanghai) Co., Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Company's Plan for Acquisition by Issuance of Shares Complies with Relevant Laws and Regulations

For For

For For Approve Overall Plan 2.1

For For Approve Pricing Basis and Transaction Price of Target Assets

2.2

For For Approve Issue Type and Par Value 2.3

For For Approve Issue Manner 2.4

For For Approve Target Subscribers 2.5

For For Approve Pricing Reference Date and Issue Price 2.6

For For Approve Issue Amount 2.7

For For Approve Adjustment of Issue Price and Amount 2.8

For For Approve Listing Exchange 2.9

For For Approve Lock-Up Period 2.10

For For Approve Contractual Obligations and Liability for Breach of the Transfer of the Underlying Asset Ownership

2.11

For For Approve Attribution of Profit and Loss During the Transition Period

2.12

For For Approve Distribution Arrangement of Undistributed Earnings

2.13

For For Approve Resolution Validity Period 2.14

For For Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Purpose and Approach as Well as the Fairness of Pricing

3

For For Approve Related Reports on Auditing Agency, Reviewing Agency and Asset Evaluation Agency

4

For For Approve Transaction Does Not Constitute as Related-party Transaction

5

For For Approve Transaction Does Not Constitute as Major Asset Restructuring

6

For For Approve Transaction Does Not Comply with Article 13 of the Management Approach Regarding Major Asset Restructuring of Listed Companies

7

Vote Summary Report


Universal Scientific Industrial (Shanghai) Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Draft and Summary of Acquisition by Issuance of Shares

8

For For Approve Signing of Acquisition by Issuance of Shares Framework Agreement and Supplementary Agreement of Acquisition by Issuance of Shares Framework Agreement

9

For For Approve Completeness and Compliance of Implementation of Legal Proceedings of the Transactions and Validity of the Submitted Legal Documents Regarding this Transaction

10

For For Approve Transaction Complies with Article IV of Provisions on Several Issues Regulating the Major Asset Restructuring of Listed Companies

11

For For Approve Transaction Complies with Article 11 and 43 of the Management Approach Regarding Major Asset Restructuring of Listed Companies

12

For For Approve Relevant Entities Does Not Participate in Major Asset Restructure of Listed Companies and Does Not Have Article 13 of Strengthening the Supervision over Abnormal Stock Trading Related to the Material Asset Reorganizations of Listed Companies

13

For For Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken

14

For For Approve Stock Price Volatility Does Not Achieve the Standard of Article 5 Notice on Regulating the Information Disclosure of Listed Companies and the Behavior of Related Parties

15

For For Approve Authorization of Board to Handle All Related Matters

16

Vote Summary Report - Schroders · Mgmt Rec Vote Instruction . 1.1 Elect Director Martin S....

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