WHITEHELM LISTED CORE INFRASTRUCTURE FUND 2018 PROXY ... · This trend fits with the broader proxy...

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WHITEHELM LISTED CORE INFRASTRUCTURE FUND

2018 PROXY VOTING REPORT

FOR THE PERIOD:

30 SEPTEMBER 2017 TO 30 SEPTEMBER 2018

3 December 2018


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WHITEHELM’S PROXY VOTING POLICY

1. Where delegated to do so, Whitehelm will vote or instruct the custodian to vote or recommend the client to vote on all matters brought before Shareholders, whether of routine nature or of special consideration.

2. For listed securities, recommendations in respect to all matters and matters of special consideration will be approved by the Portfolio Manager, with the voting record to be reviewed by the Whitehelm Capital Listed Strategies Investment Committee on a regular basis. The Portfolio Manager will monitor relevant corporate events, and ensure that the exercise of voting rights is in accordance with the investment objectives and policy of the client, and that voting rights are exercised for the exclusive benefit of that client.

3. Where practicable, all approved voting recommendations will be actioned by Whitehelm or transmitted to the custodian or client, as relevant, in sufficient time for the vote to be duly registered. Where required, a record of voting shall be maintained.

4. All voting recommendations will be based on the commercial interests of the client, which includes environmental, social and governance considerations.

5. Whitehelm will support resolutions which are aimed at appropriately increasing transparency and improving management of environmental, social and governance issues.

SUMMARY

Proxy voting is a key element of company engagement and Whitehelm’s approach to being a responsible asset manager. Where possible, all proxies are voted. Whitehelm utilises the ISS proxy voting service.

Whitehelm reviews every resolution. In deciding how to vote on behalf of the Listed Core Infrastructure Fund investors, Whitehelm forms its own views, using our own research, and also the ISS Socially Responsible Investment (SRI) guidelines, which provides research and voting recommendations which more directly incorporate ESG factors than the standard ISS guidelines.

As part of our proxy voting policy, Whitehelm will support all resolutions which are aimed at appropriately increasing transparency and improving management of environmental, social and governance issues.

This report details Whitehelm Capital’s exercise of voting rights for the Whitehelm Listed Core Infrastructure Fund during the 12 months from 30 September 2017 to 30 September 2018.

• 100% of eligible proxies were voted;

• Votes were cast on 571 resolutions at 49 annual and special meetings;

• 106 resolutions (19%) were voted against management recommendation or withheld. 461 votes (81%) were cast in line with the management recommendation. 1% had no management recommendation.

• The majority of the 106 resolutions which were voted against management recommendation or withheld related to board member re-elections and the independence of the nominees. 24 of these were related to remuneration practices, including the issuance of restricted stock; and 4 were shareholder resolutions, discussed below.


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• There were four resolutions raised by shareholders relating to environmental, social or governance issues, all at US domiciled firms, and Whitehelm voted in favour of these. They were:

– Duke Energy Corporation: a resolution that the Board ‘provide a report, updated annually, that discloses a description of its lobbying-related management oversight and its direct and indirect lobbying policies and expenditures’. This resolution failed to gain a majority vote, but did receive 33.5% of the vote.

– Ameren Corporation: a resolution that the Board ‘prepare a complete report on the company’s efforts, above and beyond current compliance, to identify and reduce environmental and health hazards associated with past, present and future handling of coal combustion residuals, and how those efforts may reduce legal, reputational and financial risks to the company’. This shareholder resolution was passed, receiving 53.2% of shareholder votes, a good outcome given the issues surrounding the handling and clean up of coal ash waste.

– Norfolk Southern Corporation: a resolution to provide shareholders the right to act via written consent, affording shareholders an additional means of acting in between annual meetings. Lowering the voting requirement to act by written consent would supplement shareholders current right to call a special meeting. This resolution was not successful, however did gain 41.8% of the vote.

– Union Pacific Corporation: a resolution that the Chair of the Board of Directors, whenever possible, to be an independent member of the Board. Currently Lance Fritz serves as both CEO and Chair. This resolution did not obtain a majority of the vote, but did receive 27.8% support.

• Whitehelm voted against the executive remuneration policies, or elements of the policy, of 16 companies (across a total of 24 resolutions). In the majority of cases this was due to a lack of transparency, and in some cases, poor alignment of incentives with shareholder outcomes.

For five of the 16 companies, Whitehelm voted against a company resolution despite a ‘For’ recommendation from ISS, on the basis of absolute pay excess. In assessing executive remuneration, ISS tends not to address absolute pay levels, generally assessing the structure and shareholder alignment of remuneration on a peer relative basis. In the cases of Union Pacific Corporation, Norfolk Southern Corporation, Duke Energy Corporation, Consolidated Edison Inc, and Canadian National Railway Company, Whitehelm Capital voted against the ratification of executive compensation on the basis that the absolute level of CEO remuneration was excessive.

These votes were not binding, being advisory votes only. The highest ‘against’ vote was received by Duke Energy, with 18.2% of shareholders voting against the remuneration plan. The average percentage vote against the remuneration policies of these companies was fairly low at 7.5%. This is not surprising given that the large proxy advisers supported them, however is an increase in negative votes over prior years. This trend fits with the broader proxy voting trends reported by ISS and other research which found that support for say-on-pay resolutions remained high, but declined approximately 1%1 in the US compared to 2017.

2018 was also the first year US companies reported the CEO to median employee ratio. Duke Energy was the highest, reporting CEO compensation as 175 times the median employee pay of USD$122,365, significantly higher than the US Utility sector average of 91 times2. The railroad companies Union Pacific and Norfolk Southern CEO compensation was also above 100 times the median employee, although the sector average multiple is higher as the median worker compensation for the industry is lower.

1 For example: https://radford.aon.com/insights/articles/2018/Lessons-from-the-2018-Proxy-Season-for-Say-on-Pay-and-Equity-Plan-Votes 2 https://corpgov.law.harvard.edu/2018/09/04/what-does-the-ceo-pay-ratio-data-say-about-pay/


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PROXY VOTING RECORD Issuer Name Ticker Country Meeting

Date Meeting Type Proposal Proposal Text Proponent Mgmt

Rec Vote

Elia System Operator ELI Belgium 27/10/2017 Special 1 Elect Roberte Kesteman as Director Mgmt For For

Elia System Operator ELI Belgium 27/10/2017 Special 2 Transact Other Business Mgmt

Issuer Name Ticker Country Meeting Date

Meeting Type Proposal Proposal Text Proponent Mgmt Rec

Vote

Eutelsat Communications ETL France 8/11/2017 Annual/Special 1 Approve Financial Statements and Statutory Reports Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 2 Approve Consolidated Financial Statements and Statutory Reports Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 3 Approve Auditors' Special Report on Related-Party Transactions Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 4 Approve Allocation of Income and Dividends of EUR 1.21 per Share

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 5 Elect Paul-Francois Fournier as Director Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 6 Elect Dominique D'Hinnin as Director Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 7 Elect Esther Gaide as Director Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 8 Elect Didier Leroy as Director Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 9 Renew Appointment of Mazars as Auditor Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 10 Subject to Rejection of Item 31, Appoint Cabinet CBA as Alternate Auditor

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 11 Non-Binding Vote on Compensation of Michel de Rosen, Chairman

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 12 Non-Binding Vote on Compensation of Rodolphe Belmer, CEO Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 13 Non-Binding Vote on Compensation of Michel Azibert, Vice-CEO Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 14 Non-Binding Vote on Compensation of Yohann Leroy, Vice-CEO Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 15 Approve Remuneration Policy of Chairman Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 16 Approve Remuneration Policy of CEO Mgmt For Against

Eutelsat Communications ETL France 8/11/2017 Annual/Special 17 Approve Remuneration Policy of Vice-CEOs Mgmt For Against

Eutelsat Communications ETL France 8/11/2017 Annual/Special 18 Approve Remuneration of Directors in the Aggregate Amount of EUR 985,000

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 19 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 20 Authorize Decrease in Share Capital via Cancellation of Repurchased Shares

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 21 Authorize Capitalization of Reserves of Up to EUR 44 Million for Bonus Issue or Increase in Par Value

Mgmt For Against

Eutelsat Communications ETL France 8/11/2017 Annual/Special 22 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 44 Million

Mgmt For For


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Eutelsat Communications ETL France 8/11/2017 Annual/Special 23 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 22 Million

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 24 Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 22 Million

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 25 Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 26 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 27 Authorize Capital Increase of Up to EUR 22 Million for Future Exchange Offers

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 28 Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 29 Authorize Issuance of Equity upon Conversion of a Subsidiary's Equity-Linked Securities for Up to EUR 22 Million

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 30 Authorize Capital Issuances for Use in Employee Stock Purchase Plans

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 31 Amend Article 19 of Bylaws to Comply with New Regulations Re: Auditor

Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 32 Amend Article 4 of Bylaws Re: Headquarters Mgmt For For

Eutelsat Communications ETL France 8/11/2017 Annual/Special 33 Authorize Filing of Required Documents/Other Formalities Mgmt For For



Vote

Avista Corporation AVA USA 21/11/2017 Special 1 Approve Merger Agreement Mgmt For For

Avista Corporation AVA USA 21/11/2017 Special 2 Advisory Vote on Golden Parachutes Mgmt For Against

Avista Corporation AVA USA 21/11/2017 Special 3 Adjourn Meeting Mgmt For For



Vote

Koninklijke Vopak NV VPK Netherlands 15/12/2017 Special 1 Open Meeting Mgmt

Koninklijke Vopak NV VPK Netherlands 15/12/2017 Special 2 Elect G.B. Paulides to Executive Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 15/12/2017 Special 3 Allow Questions Mgmt

Koninklijke Vopak NV VPK Netherlands 15/12/2017 Special 4 Close Meeting Mgmt



Vote

Atlantia SPA ATL Italy 21/02/2018 Special 1 Extend the Term for the Execution of the Share Capital Increase Previously Approved by Shareholders and Reschedule the Lock-Up Period of the Special Shares

Mgmt For For



Vote

National Fuel Gas Company NFG USA 8/03/2018 Annual 1.1 Elect Director Philip C. Ackerman Mgmt For For


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National Fuel Gas Company NFG USA 8/03/2018 Annual 1.2 Elect Director Stephen E. Ewing Mgmt For For

National Fuel Gas Company NFG USA 8/03/2018 Annual 1.3 Elect Director Rebecca Ranich Mgmt For Withhold

National Fuel Gas Company NFG USA 8/03/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For

National Fuel Gas Company NFG USA 8/03/2018 Annual 3 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For

National Fuel Gas Company NFG USA 8/03/2018 Annual 4 Examine and Take Active Steps to Participate in Natural Gas Local Distribution Sector

SH Against Against



Vote

Enagas S.A. ENG Spain 21/03/2018 Annual 1 Approve Consolidated and Standalone Financial Statements Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 2 Approve Allocation of Income and Dividends Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 3 Approve Discharge of Board Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.1 Reelect Antonio Llarden Carratala as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.2 Reelect Marcelino Oreja Arburua as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.3 Reelect Isabel Tocino Biscarolasaga as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.4 Reelect Ana Palacio Vallelersundi as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.5 Reelect Antonio Hernandez Mancha as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.6 Reelect Gonzalo Solana Gonzalez as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 4.7 Elect Ignacio Grangel Vicente as Director Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 5 Advisory Vote on Remuneration Report Mgmt For For

Enagas S.A. ENG Spain 21/03/2018 Annual 6 Authorize Board to Ratify and Execute Approved Resolutions Mgmt For For



Vote

Red Electrica Corporacion REE Spain 21/03/2018 Annual 1 Approve Standalone Financial Statements Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 2 Approve Consolidated Financial Statements Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 3 Approve Allocation of Income and Dividends Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 4 Approve Discharge of Board Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 5.1 Reelect Socorro Fernandez Larrea as Director Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 5.2 Reelect Antonio Gomez Ciria as Director Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 5.3 Ratify Appointment of and Elect Mercedes Real Rodrigalvarez as Director

Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 6.1 Approve Remuneration Report Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 6.2 Approve Remuneration of Executive Directors and Non-Executive Directors

Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 7 Authorize Board to Ratify and Execute Approved Resolutions Mgmt For For

Red Electrica Corporacion REE Spain 21/03/2018 Annual 8 Receive Corporate Governance Report Mgmt



Vote

SES SA SESGL Luxembourg 5/04/2018 Special 3 Amend Articles 1 Re: Transfer of the Registered Office Mgmt For For


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SES SA SESGL Luxembourg 5/04/2018 Special 4 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 790,881,300 Million

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 5 Amend Article 4 Re: Authorization of the Board to Allocate Existing Shares

Mgmt For Against

SES SA SESGL Luxembourg 5/04/2018 Special 6 Amend Article 5 Re: Form of Shares - Restrictions on the Ownership and Transfer of Shares

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 7 Amend Article 8 Re: Increase and Reduction of Capital Preferential Subscription Right

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 8 Amend Article 9 Re: Specification of the Internal Regulations of the Company

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 9 Amend Articles of Association Re: Delegation of Power by the Board to the Audit and Risk Committee Pursuant to Article 441-6 of the Law of 15 August 1915 as Amended

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 10 Amend Article 13 Re: Specification of the Concept of Conflict of Interest

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 11 Amend Article 19 Re: Bondholders' Entitlement to Attend Shareholder Meetings

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 12 Amend Article 19 Re: Shareholders' Right to Request Additional Agenda Item in Shareholder Meetings

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 13 Amend Article 21 Re: Content of the Notice of the Meeting Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 14 Amend Articles 6, 25 and 35 Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 15 Amend French Version of Articles 8, 15 and 31 by Replacing "Statuts" with "statuts"

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 16 Amend English Version of Articles 7, 8, 10, 15, 24, 25, 31, 34, 35 by replacing "Articles of Incorporation" by "articles of association"

Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Special 17 Amend Articles 5, 6, 10 and 25 to Update References to Provisions of Law

Mgmt For For



Vote

SES SA SESGL Luxembourg 5/04/2018 Annual 7 Approve Consolidated and Individual Financial Statements Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 8 Approve Allocation of Income Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 9 Approve Discharge of Directors Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 10 Approve Auditors and Authorize Board to Fix Their Remuneration Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 11 Approve Share Repurchase Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 12 Fix Number of Directors Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 13a1 Elect Hadelin de Liedekerke Beaufort as Director Mgmt For Against

SES SA SESGL Luxembourg 5/04/2018 Annual 13a2 Elect Conny Kullman as Director Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 13a3 Elect Katrin Wehr-Seiter as Director Mgmt For For

SES SA SESGL Luxembourg 5/04/2018 Annual 13b1 Elect Serge Allegrezza as Director Mgmt For Against

SES SA SESGL Luxembourg 5/04/2018 Annual 13b2 Elect Jean-Paul Senninger as Director Mgmt For Against

SES SA SESGL Luxembourg 5/04/2018 Annual 14 Approve Remuneration of Directors Mgmt For For


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Vote

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 1 Approve Standalone Financial Statements Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 2 Approve Consolidated Financial Statements Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 3 Approve Allocation of Income and Dividends Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 4 Approve Discharge of Board Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 5.1 Ratify Appointment of and Elect Jaime Garcia-Legaz Ponce as Director

Mgmt For Against

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 5.2 Ratify Appointment of and Elect Josep Pique Camps as Director Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 5.3 Ratify Appointment of and Elect Angel Luis Arias Serrano as Director

Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 6 Advisory Vote on Remuneration Report Mgmt For For

Aena S.M.E., S.A. AENA Spain 10/04/2018 Annual 7 Authorize Board to Ratify and Execute Approved Resolutions Mgmt For For



Vote

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 2 Elect B van der Veer to Supervisory Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 6 Adopt Financial Statements Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 7 Approve Dividends of EUR 1.05 Per Share Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 8 Approve Discharge of Management Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 9 Approve Discharge of Supervisory Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 10 Reelect E.M. Hoekstra to Management Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 11 Reelect F. Eulderink to Management Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 12 Reelect M.F. Groot to Supervisory Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 13 Elect L.J.I. Foufopoulus - De Ridder to Supervisory Board Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 14.b Approve Remuneration Policy of the Executive Board: Short-Term and Long-Term Variable Remuneration Plans

Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 15 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgmt For For

Koninklijke Vopak NV VPK Netherlands 18/04/2018 Annual 16 Ratify Deloitte as Auditors Mgmt For For



Vote

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 3 Accept Financial Statements and Statutory Reports Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 4 Approve Remuneration Report (Non-Binding) Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 5 Approve Discharge of Board of Directors Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 6.1 Approve Allocation of Income and Ordinary Dividends of CHF 3.30 per Share

Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 6.2 Approve Dividends from Capital Contribution Reserves of CHF 3.20 per Share

Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 7.1 Approve Maximum Remuneration of Board of Directors in the Amount of CHF 1.6 Million

Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 7.2 Approve Maximum Remuneration of Executive Committee in the Amount of CHF 4.5 Million

Mgmt For For


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Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.1.1 Reelect Guglielmo Brentel as Director Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.1.2 Reelect Josef Felder as Director Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.1.3 Reelect Stephan Gemkow as Director Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.1.4 Reelect Corine Mauch as Director Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.1.5 Reelect Andreas Schmid as Director Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.2 Elect Andreas Schmid as Board Chairman Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.3.1 Appoint Vincent Albers as Member of the Nomination and Compensation Committee

Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.3.2 Appoint Guglielmo Brentel as Member of the Nomination and Compensation Committee

Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.3.3 Appoint Eveline Saupper as Member of the Nomination and Compensation Committee

Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.3.4 Appoint Andreas Schmid as Non-Voting Member of the Nomination and Compensation Committee

Mgmt For Against

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.4 Designate Marianne Sieger as Independent Proxy Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 8.5 Ratify Ernst & Young AG as Auditors Mgmt For For

Flughafen Zuerich AG FHZN Switzerland 19/04/2018 Annual 9 Transact Other Business (Voting) Mgmt For Against



Vote

SIAS SpA SIS Italy 19/04/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

SIAS SpA SIS Italy 19/04/2018 Annual 2 Approve Allocation of Income Mgmt For For

SIAS SpA SIS Italy 19/04/2018 Annual 3 Elect Francesco Gatti as Director SH None For

SIAS SpA SIS Italy 19/04/2018 Annual 4 Approve Remuneration Policy Mgmt For Against



Vote

Atlantia SPA ATL Italy 20/04/2018 Annual 1 Approve Financial Statements, Statutory Reports, and Allocation of Income

Mgmt For For

Atlantia SPA ATL Italy 20/04/2018 Annual 2 Integrate Remuneration of External Auditors Mgmt For For

Atlantia SPA ATL Italy 20/04/2018 Annual 3 Authorize Share Repurchase Program and Reissuance of Repurchased Shares

Mgmt For Against

Atlantia SPA ATL Italy 20/04/2018 Annual 4.a.1 Slate Submitted by Sintonia SpA SH None Do Not Vote

Atlantia SPA ATL Italy 20/04/2018 Annual 4.a.2 Slate Submitted by Institutional Investors (Assogestioni) SH None For

Atlantia SPA ATL Italy 20/04/2018 Annual 4.b Approve Internal Auditors' Remuneration Mgmt For For

Atlantia SPA ATL Italy 20/04/2018 Annual 5 Approve Remuneration Policy Mgmt For For

Atlantia SPA ATL Italy 20/04/2018 Annual 6 Amend Additional Phantom Option Plan 2017 Mgmt For Against

Atlantia SPA ATL Italy 20/04/2018 Annual A Deliberations on Possible Legal Action Against Directors if Presented by Shareholders

Mgmt None Against



Vote

EI Towers SpA EIT Italy 23/04/2018 Annual 1 Approve Financial Statements, Statutory Reports, and Allocation of Income

Mgmt For For

EI Towers SpA EIT Italy 23/04/2018 Annual 2 Approve Remuneration Policy Mgmt For Against


vii

EI Towers SpA EIT Italy 23/04/2018 Annual 3 Fix Number of Directors Mgmt For For

EI Towers SpA EIT Italy 23/04/2018 Annual 4 Fix Board Terms for Directors Mgmt For For

EI Towers SpA EIT Italy 23/04/2018 Annual 5.1 Slate 1 Submitted by Institutional Investors (Assogestioni) SH None For

EI Towers SpA EIT Italy 23/04/2018 Annual 5.2 Slate 2 Submitted by Elettronica Industriale SpA SH None Do Not Vote

EI Towers SpA EIT Italy 23/04/2018 Annual 6 Elect Board Chair Mgmt None Against

EI Towers SpA EIT Italy 23/04/2018 Annual 7 Approve Remuneration of Directors Mgmt For Against

EI Towers SpA EIT Italy 23/04/2018 Annual 8 Integrate Remuneration of Auditors Mgmt For For

EI Towers SpA EIT Italy 23/04/2018 Annual 9 Authorize Share Repurchase Program and Reissuance of Repurchased Shares

Mgmt For Against



Vote

Endesa S.A. ELE Spain 23/04/2018 Annual 1 Approve Consolidated and Standalone Financial Statements Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 2 Approve Consolidated and Standalone Management Reports Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 3 Approve Discharge of Board Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 4 Approve Allocation of Income and Dividends Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 5 Reelect Jose Damian Bogas Galvez as Director Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 6 Ratify Appointment of and Elect Maria Patrizia Grieco as Director Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 7 Reelect Francesco Starace as Director Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 8 Reelect Enrico Viale as Director Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 9 Approve Remuneration Report Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 10 Approve Remuneration Policy Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 11 Approve Cash-Based Long-Term Incentive Plan Mgmt For For

Endesa S.A. ELE Spain 23/04/2018 Annual 12 Authorize Board to Ratify and Execute Approved Resolutions Mgmt For For



Vote

Black Hills Corporation BKH USA 24/04/2018 Annual 1.1 Elect Director Michael H. Madison Mgmt For Withhold

Black Hills Corporation BKH USA 24/04/2018 Annual 1.2 Elect Director Linda K. Massman Mgmt For For

Black Hills Corporation BKH USA 24/04/2018 Annual 1.3 Elect Director Steven R. Mills Mgmt For For

Black Hills Corporation BKH USA 24/04/2018 Annual 2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For

Black Hills Corporation BKH USA 24/04/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For



Vote

Canadian National Railway CNR Canada 24/04/2018 Annual 1.1 Elect Director Shauneen Bruder Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 1.2 Elect Director Donald J. Carty Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.3 Elect Director Gordon D. Giffin Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 1.4 Elect Director Julie Godin Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.5 Elect Director Edith E. Holiday Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 1.6 Elect Director V. Maureen Kempston Darkes Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.7 Elect Director Denis Losier Mgmt For Withhold


viii

Canadian National Railway CNR Canada 24/04/2018 Annual 1.8 Elect Director Kevin G. Lynch Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.9 Elect Director James E. O'Connor Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 1.10 Elect Director Robert Pace Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.11 Elect Director Robert L. Phillips Mgmt For Withhold

Canadian National Railway CNR Canada 24/04/2018 Annual 1.12 Elect Director Laura Stein Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 2 Ratify KPMG LLP as Auditors Mgmt For For

Canadian National Railway CNR Canada 24/04/2018 Annual 3 Advisory Vote on Executive Compensation Approach Mgmt For Against



Vote

Snam SpA SRG Italy 24/04/2018 Annual/Special 1 Authorize Cancellation of Treasury Shares without Reduction of Share Capital; Amend Article 5.1

Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 2 Amend Company Bylaws Re: Articles 13.5 and 20.3 Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 1 Accept Financial Statements and Statutory Reports Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 2 Approve Allocation of Income Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 3 Authorize Share Repurchase Program and Reissuance of Repurchased Shares

Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 4 Approve Auditors and Authorize Board to Fix Their Remuneration Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 5 Amend 2017-2019 Long-Term Share Incentive Plan Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special 6 Approve Remuneration Policy Mgmt For For

Snam SpA SRG Italy 24/04/2018 Annual/Special A Deliberations on Possible Legal Action Against Directors if Presented by Shareholders

Mgmt None Against



Vote

SJW Group SJW USA 25/04/2018 Annual 1a Elect Director Katharine Armstrong Mgmt For Against

SJW Group SJW USA 25/04/2018 Annual 1b Elect Director Walter J. Bishop Mgmt For Against

SJW Group SJW USA 25/04/2018 Annual 1c Elect Director Douglas R. King Mgmt For Against

SJW Group SJW USA 25/04/2018 Annual 1d Elect Director Gregory P. Landis Mgmt For For

SJW Group SJW USA 25/04/2018 Annual 1e Elect Director Debra C. Man Mgmt For For

SJW Group SJW USA 25/04/2018 Annual 1f Elect Director Daniel B. More Mgmt For For

SJW Group SJW USA 25/04/2018 Annual 1g Elect Director Eric W. Thornburg Mgmt For For

SJW Group SJW USA 25/04/2018 Annual 1h Elect Director Robert A. Van Valer Mgmt For Against

SJW Group SJW USA 25/04/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For

SJW Group SJW USA 25/04/2018 Annual 3 Ratify KPMG LLP as Auditors Mgmt For For



Vote

HERA SPA HER Italy 26/04/2018 Annual 1 Approve Financial Statements, Statutory Reports, and Allocation of Income

Mgmt For For

HERA SPA HER Italy 26/04/2018 Annual 2 Approve Remuneration Policy Mgmt For Against

HERA SPA HER Italy 26/04/2018 Annual 3 Authorize Share Repurchase Program and Reissuance of Repurchased Shares

Mgmt For For

HERA SPA HER Italy 26/04/2018 Annual 4 Elect Director Mgmt For For


ix

HERA SPA HER Italy 26/04/2018 Annual A Deliberations on Possible Legal Action Against Directors if Presented by Shareholders

Mgmt None Against



Vote

A2A SpA A2A Italy 27/04/2018 Annual 1.1 Accept Financial Statements and Statutory Reports Mgmt For For

A2A SpA A2A Italy 27/04/2018 Annual 1.2 Approve Allocation of Income Mgmt For For

A2A SpA A2A Italy 27/04/2018 Annual 2 Approve Remuneration Policy Mgmt For For

A2A SpA A2A Italy 27/04/2018 Annual 3 Integrate Remuneration of External Auditors Mgmt For For

A2A SpA A2A Italy 27/04/2018 Annual 4 Authorize Share Repurchase Program and Reissuance of Repurchased Shares

Mgmt For For

A2A SpA A2A Italy 27/04/2018 Annual A Deliberations on Possible Legal Action Against Directors if Presented by Shareholders

Mgmt None Against



Vote

Ameren Corporation AEE USA 3/05/2018 Annual 1a Elect Director Warner L. Baxter Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1b Elect Director Catherine S. Brune Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1c Elect Director J. Edward Coleman Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1d Elect Director Ellen M. Fitzsimmons Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1e Elect Director Rafael Flores Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1f Elect Director Walter J. Galvin Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1g Elect Director Richard J. Harshman Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1h Elect Director Craig S. Ivey Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1i Elect Director Gayle P. W. Jackson Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1j Elect Director James C. Johnson Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1k Elect Director Steven H. Lipstein Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 1l Elect Director Stephen R. Wilson Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 3 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For

Ameren Corporation AEE USA 3/05/2018 Annual 4 Report on Coal Combustion Residual and Water Impacts SH Against For



Vote

Duke Energy Corp DUK USA 3/05/2018 Annual 1.1 Elect Director Michael G. Browning Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.2 Elect Director Theodore F. Craver, Jr. Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.3 Elect Director Robert M. Davis Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.4 Elect Director Daniel R. DiMicco Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.5 Elect Director John H. Forsgren Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.6 Elect Director Lynn J. Good Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.7 Elect Director John T. Herron Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.8 Elect Director James B. Hyler, Jr. Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.9 Elect Director William E. Kennard Mgmt For For


x

Duke Energy Corp DUK USA 3/05/2018 Annual 1.10 Elect Director E. Marie McKee Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.11 Elect Director Charles W. Moorman, IV Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.12 Elect Director Carlos A. Saladrigas Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.13 Elect Director Thomas E. Skains Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 1.14 Elect Director William E. Webster, Jr. Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

Duke Energy Corp DUK USA 3/05/2018 Annual 4 Eliminate Supermajority Vote Requirement Mgmt For For

Duke Energy Corp DUK USA 3/05/2018 Annual 5 Report on Benefits of Lobbying SH Against For



Vote

Fortis Inc. FTS Canada 3/05/2018 Annual 1.1 Elect Director Tracey C. Ball Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.2 Elect Director Pierre J. Blouin Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.3 Elect Director Paul J. Bonavia Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.4 Elect Director Lawrence T. Borgard Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.5 Elect Director Maura J. Clark Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.6 Elect Director Margarita K. Dilley Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.7 Elect Director Julie A. Dobson Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.8 Elect Director Ida J. Goodreau Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.9 Elect Director Douglas J. Haughey Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.10 Elect Director Barry V. Perry Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.11 Elect Director Joseph L. Welch Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 1.12 Elect Director Jo Mark Zurel Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 2 Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration

Mgmt For For

Fortis Inc. FTS Canada 3/05/2018 Annual 3 Advisory Vote on Executive Compensation Approach Mgmt For For



Vote

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 1 Approve Individual and Consolidated Financial Statements and Statutory Reports

Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 2 Approve Allocation of Income Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 3 Approve Discharge of Management and Supervisory Boards Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 4 Authorize Repurchase and Reissuance of Shares Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 5 Authorize Repurchase and Reissuance of Bonds Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 6 Approve Statement on Remuneration Policy Mgmt For For

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 7 Elect Corporate Bodies Mgmt For Against

Redes Energeticas Nacionais RENE Portugal 3/05/2018 Annual 8 Approve Remuneration of Remuneration Committee Members Mgmt For For



Vote

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For


xi

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 2a Elect Michael Kadoorie as Director Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 2b Elect Andrew Clifford Winawer Brandler as Director Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 2c Elect Nicholas Charles Allen as Director Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 2d Elect Law Fan Chiu Fun Fanny as Director Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 3 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration

Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 4 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights

Mgmt For For

CLP Holdings Ltd. 2 Hong Kong 4/05/2018 Annual 5 Authorize Repurchase of Issued Share Capital Mgmt For For



Vote

Terna SpA TRN Italy 4/05/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

Terna SpA TRN Italy 4/05/2018 Annual 2 Approve Allocation of Income Mgmt For For

Terna SpA TRN Italy 4/05/2018 Annual 3 Approve Remuneration Policy Mgmt For For

Terna SpA TRN Italy 4/05/2018 Annual 4 Approve Phantom Stock Plan Mgmt For For

Issuer Name

Ticker Country Meeting Date


Vote

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 2 Approve Final Dividend Mgmt For For

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 3a Elect Neil Douglas McGee as Director Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 3b Elect Ralph Raymond Shea as Director Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 3c Elect Wan Chi Tin as Director Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 3d Elect Wong Chung Hin as Director Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 3e Elect Wu Ting Yuk, Anthony as Director Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 4 Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration

Mgmt For For

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 5 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights

Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 6 Authorize Repurchase of Issued Share Capital Mgmt For For

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 7 Authorize Reissuance of Repurchased Shares Mgmt For Against

Power Assets Holdings Ltd. 6 Hong Kong 9/05/2018 Annual 8 Approve the Transactions and the Proposed Annual Caps Mgmt For For



Vote

Canadian Pacific Railway CP Canada 10/05/2018 Annual 1 Ratify Deloitte LLP as Auditors Mgmt For For

Canadian Pacific Railway CP Canada 10/05/2018 Annual 2 Advisory Vote on Executive Compensation Approach Mgmt For Against

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.1 Elect Director John Baird Mgmt For Withhold

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.2 Elect Director Isabelle Courville Mgmt For Withhold

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.3 Elect Director Keith E. Creel Mgmt For For

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.4 Elect Director Gillian (Jill) H. Denham Mgmt For For

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.5 Elect Director Rebecca MacDonald Mgmt For Withhold


xii

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.6 Elect Director Matthew H. Paull Mgmt For For

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.7 Elect Director Jane L. Peverett Mgmt For For

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.8 Elect Director Andrew F. Reardon Mgmt For Withhold

Canadian Pacific Railway CP Canada 10/05/2018 Annual 3.9 Elect Director Gordon T. Trafton II Mgmt For Withhold



Vote

Hawaiian Electric Industries HE USA 10/05/2018 Annual 1.1 Elect Director Richard J. Dahl Mgmt For For

Hawaiian Electric Industries HE USA 10/05/2018 Annual 1.2 Elect Director Constance H. Lau Mgmt For For

Hawaiian Electric Industries HE USA 10/05/2018 Annual 1.3 Elect Director James K. Scott Mgmt For For

Hawaiian Electric Industries HE USA 10/05/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For

Hawaiian Electric Industries HE USA 10/05/2018 Annual 3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For



Vote

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1a Elect Director Thomas D. Bell, Jr. Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1b Elect Director Wesley G. Bush Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1c Elect Director Daniel A. Carp Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1d Elect Director Mitchell E. Daniels, Jr. Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1e Elect Director Marcela E. Donadio Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1f Elect Director Steven F. Leer Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1g Elect Director Michael D. Lockhart Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1h Elect Director Amy E. Miles Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1i Elect Director Martin H. Nesbitt Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1j Elect Director Jennifer F. Scanlon Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1k Elect Director James A. Squires Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 1l Elect Director John R. Thompson Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 2 Ratify KPMG LLPas Auditors Mgmt For For

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

Norfolk Southern Corporation NSC USA 10/05/2018 Annual 4 Provide Right to Act by Written Consent SH Against For



Vote

Union Pacific Corporation UNP USA 10/05/2018 Annual 1a Elect Director Andrew H. Card, Jr. Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1b Elect Director Erroll B. Davis, Jr. Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1c Elect Director David B. Dillon Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1d Elect Director Lance M. Fritz Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1e Elect Director Deborah C. Hopkins Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1f Elect Director Jane H. Lute Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1g Elect Director Michael R. McCarthy Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1h Elect Director Thomas F. McLarty, III Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 1i Elect Director Bhavesh V. Patel Mgmt For For


xiii

Union Pacific Corporation UNP USA 10/05/2018 Annual 1j Elect Director Jose H. Villarreal Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For

Union Pacific Corporation UNP USA 10/05/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

Union Pacific Corporation UNP USA 10/05/2018 Annual 4 Require Independent Board Chairman SH Against For



Vote

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 3 Approve Financial Statements and Allocation of Income Mgmt For For

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 4 Approve Remuneration Report Mgmt For Against

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 8 Approve Discharge of Jacques de Smet, Peter Vanvelthoven, and Miriam Maes as Directors

Mgmt For For

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 9 Approve Discharge of Auditors Mgmt For For

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 2 Approve Employee Stock Purchase Plan Mgmt For Against

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 3 Authorize Board to Complete Formalities Re: Item 2 Mgmt For Against

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 4 Amend Article 16bis Re: Establishment of Strategic Committee Mgmt For For

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 5 Approve Remuneration of the Members of the Strategic Committee

Mgmt For For

Elia System Operator ELI Belgium 15/05/2018 Annual/Special 6 Approve Abolition of VVPR-strips Mgmt For For



Vote

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 2 Approve Final Dividend Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3a Elect Eddy Fong Ching as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3b Elect James Kwan Yuk-choi as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3c Elect Lincoln Leong Kwok-kuen as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3d Elect Lucia Li Li Ka-lai as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3e Elect Benjamin Tang Kwok-bun as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 3f Elect James Henry Lau Jr as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 4 Elect Rose Lee Wai-mun as Director Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 5 Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration

Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 6 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights

Mgmt For For

MTR Corporation Ltd 66 Hong Kong 16/05/2018 Annual 7 Authorize Repurchase of Issued Share Capital Mgmt For For



Vote

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.1 Elect Director Donald E. Brandt Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.2 Elect Director Denis A. Cortese Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.3 Elect Director Richard P. Fox Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.4 Elect Director Michael L. Gallagher Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.5 Elect Director Dale E. Klein Mgmt For For


xiv

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.6 Elect Director Humberto S. Lopez Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.7 Elect Director Kathryn L. Munro Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.8 Elect Director Bruce J. Nordstrom Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.9 Elect Director Paula J. Sims Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 1.10 Elect Director David P. Wagener Mgmt For For

Pinnacle West Capital PNW USA 16/05/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

Pinnacle West Capital PNW USA 16/05/2018 Annual 3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For



Vote

PPL Corporation PPL USA 16/05/2018 Annual 1.1 Elect Director Rodney C. Adkins Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.2 Elect Director John W. Conway Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.3 Elect Director Steven G. Elliott Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.4 Elect Director Raja Rajamannar Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.5 Elect Director Craig A. Rogerson Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.6 Elect Director William H. Spence Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.7 Elect Director Natica von Althann Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.8 Elect Director Keith H. Williamson Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.9 Elect Director Phoebe A. Wood Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 1.10 Elect Director Armando Zagalo de Lima Mgmt For For

PPL Corporation PPL USA 16/05/2018 Annual 2 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

PPL Corporation PPL USA 16/05/2018 Annual 3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For



Vote

CSX Corporation CSX USA 18/05/2018 Annual 1a Elect Director Donna M. Alvarado Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1b Elect Director John B. Breaux Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 1c Elect Director Pamela L. Carter Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 1d Elect Director James M. Foote Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1e Elect Director Steven T. Halverson Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1f Elect Director Paul C. Hilal Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1g Elect Director Edward J. Kelly, III Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 1h Elect Director John D. McPherson Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1i Elect Director David M. Moffett Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1j Elect Director Dennis H. Reilley Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 1k Elect Director Linda H. Riefler Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1l Elect Director J. Steven Whisler Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 1m Elect Director John J. Zillmer Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 2 Ratify Ernst & Young LLP as Auditors Mgmt For For

CSX Corporation CSX USA 18/05/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against

CSX Corporation CSX USA 18/05/2018 Annual 4 Approve Qualified Employee Stock Purchase Plan Mgmt For For


xv



Vote

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1a Elect Director George Campbell, Jr. Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1b Elect Director Ellen V. Futter Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1c Elect Director John F. Killian Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1d Elect Director John McAvoy Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1e Elect Director William J. Mulrow Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1f Elect Director Armando J. Olivera Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1g Elect Director Michael W. Ranger Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1h Elect Director Linda S. Sanford Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1i Elect Director Deirdre Stanley Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 1j Elect Director L. Frederick Sutherland Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 2 Ratify PricewaterhouseCoopers LLP as Auditors Mgmt For For

Consolidated Edison, Inc. ED USA 21/05/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For Against



Vote

Fraport AG FRA Germany 29/05/2018 Annual 2 Approve Allocation of Income and Dividends of EUR 1.50 per Share

Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 3 Approve Discharge of Management Board for Fiscal 2017 Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 4 Approve Discharge of Supervisory Board for Fiscal 2017 Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 5 Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal 2018 Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 6.1 Elect Uwe Becker to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.2 Elect Kathrin Dahnke to the Supervisory Board Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 6.3 Elect Peter Feldmann to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.4 Elect Peter Gerber to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.5 Elect Margarete Haase to the Supervisory Board Mgmt For For

Fraport AG FRA Germany 29/05/2018 Annual 6.6 Elect Frank-Peter Kaufmann to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.7 Elect Lothar Klemm to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.8 Elect Michael Odenwald to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.9 Elect Karlheinz Weimar to the Supervisory Board Mgmt For Against

Fraport AG FRA Germany 29/05/2018 Annual 6.10 Elect Katja Windt to the Supervisory Board Mgmt For For



Vote

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.1 Elect Director Ignacio Sanchez Galan Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.2 Elect Director John E. Baldacci Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.3 Elect Director Pedro Azagra Blazquez Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.4 Elect Director Felipe de Jesus Calderon Hinojosa Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.5 Elect Director Arnold L. Chase Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.6 Elect Director Alfredo Elias Ayub Mgmt For Against


xvi

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.7 Elect Director Carol L. Folt Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.8 Elect Director John L. Lahey Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.9 Elect Director Santiago Martinez Garrido Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.10 Elect Director Juan Carlos Rebollo Liceaga Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.11 Elect Director Jose Sainz Armada Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.12 Elect Director Alan D. Solomont Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.13 Elect Director Elizabeth Timm Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 1.14 Elect Director James P. Torgerson Mgmt For Against

Avangrid, Inc. AGR USA 7/06/2018 Annual 2 Ratify KPMG US, LLP as Auditors Mgmt For For

Avangrid, Inc. AGR USA 7/06/2018 Annual 3 Advisory Vote to Ratify Named Executive Officers' Compensation Mgmt For For



Vote

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 1 Approve Allocation of Income, with a Final Dividend of JPY 80 Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 2 Amend Articles to Reduce Directors' Term Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.1 Elect Director Manabe, Seiji Mgmt For Against

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.2 Elect Director Sato, Yumiko Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.3 Elect Director Murayama, Yuzo Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.4 Elect Director Saito, Norihiko Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.5 Elect Director Miyahara, Hideo Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.6 Elect Director Takagi, Hikaru Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.7 Elect Director Kijima, Tatsuo Mgmt For Against

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.8 Elect Director Ogata, Fumito Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.9 Elect Director Hasegawa, Kazuaki Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.10 Elect Director Nikaido, Nobutoshi Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.11 Elect Director Hirano, Yoshihisa Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.12 Elect Director Handa, Shinichi Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.13 Elect Director Kurasaka, Shoji Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.14 Elect Director Nakamura, Keijiro Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 3.15 Elect Director Matsuoka, Toshihiro Mgmt For For

West Japan Railway Co. 9021 Japan 21/06/2018 Annual 4 Appoint Statutory Auditor Nishikawa, Naoki Mgmt For For



Vote

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 1 Approve Allocation of Income, with a Final Dividend of JPY 70 Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.1 Elect Director Tomita, Tetsuro Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.2 Elect Director Ogata, Masaki Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.3 Elect Director Fukasawa, Yuji Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.4 Elect Director Kawanobe, Osamu Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.5 Elect Director Nakai, Masahiko Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.6 Elect Director Maekawa, Tadao Mgmt For For


xvii

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.7 Elect Director Ota, Tomomichi Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.8 Elect Director Arai, Kenichiro Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.9 Elect Director Matsuki, Shigeru Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.10 Elect Director Akaishi, Ryoji Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.11 Elect Director Kise, Yoichi Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.12 Elect Director Nishino, Fumihisa Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.13 Elect Director Hamaguchi, Tomokazu Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.14 Elect Director Ito, Motoshige Mgmt For For

East Japan Railway Co. 9020 Japan 22/06/2018 Annual 2.15 Elect Director Amano, Reiko Mgmt For For



Vote

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 1 Approve Standalone Financial Statements Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 2 Approve Consolidated Financial Statements Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 3 Approve Allocation of Income and Dividends Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 4 Approve Reallocation of Reserves Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 5 Approve Discharge of Board Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.1 Amend Article 1 Re: Company Name Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.2 Amend Articles Re: Corporate Purpose and Registered Office Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.3 Amend Articles Re: Share Capital and Preemptive Rights Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.4 Add New Article 6 Re: General Meeting Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.5 Add New Articles Re: Board and Board Committees Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.6 Add New Article 9 Re: Director Remuneration Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.7 Add New Articles Re: Fiscal Year, Statutory Reserve, Dividends and Other Provisions

Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 6.8 Approve Restated Articles of Association Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 7 Approve New General Meeting Regulations Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 8 Fix Number of Directors at 12 Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.1 Ratify Appointment of and Elect Francisco Reynes Massanet as Director

Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.2 Ratify Appointment of and Elect Rioja Bidco Shareholdings SLU as Director

Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.3 Ratify Appointment of and Elect Theatre Directorship Services Beta Sarl as Director

Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.4 Reelect Ramon Adell Ramon as Director Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.5 Reelect Francisco Belil Creixell as Director Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.6 Elect Pedro Sainz de Baranda Riva as Director Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 9.7 Elect Claudio Santiago Ponsa as Director Mgmt For For

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 10.1 Amend Remuneration Policy for FY 2018, 2019 and 2020 Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 10.2 Ratify Remuneration Policy for FY 2015-2018 Mgmt For Against

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 11 Advisory Vote on Remuneration Report Mgmt For Against


xviii

Gas Natural SDG S.A GAS Spain 27/06/2018 Annual 13 Authorize Board to Ratify and Execute Approved Resolutions Mgmt For For



Vote

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 1 Approve Allocation of Income, with a Final Dividend of JPY 25 Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.1 Elect Director Ozaki, Hiroshi Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.2 Elect Director Honjo, Takehiro Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.3 Elect Director Matsuzaka, Hidetaka Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.4 Elect Director Fujiwara, Masataka Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.5 Elect Director Miyagawa, Tadashi Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.6 Elect Director Matsui, Takeshi Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.7 Elect Director Tasaka, Takayuki Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.8 Elect Director Yoneyama, Hisaichi Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.9 Elect Director Takeguchi, Fumitoshi Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.10 Elect Director Chikamoto, Shigeru Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.11 Elect Director Morishita, Shunzo Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.12 Elect Director Miyahara, Hideo Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 2.13 Elect Director Sasaki, Takayuki Mgmt For For

Osaka Gas Co. Ltd. 9532 Japan 28/06/2018 Annual 3 Appoint Statutory Auditor Kimura, Yoko Mgmt For For



Vote

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 1 Approve Allocation of Income, with a Final Dividend of JPY 27.5 Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.1 Elect Director Hirose, Michiaki Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.2 Elect Director Uchida, Takashi Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.3 Elect Director Takamatsu, Masaru Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.4 Elect Director Anamizu, Takashi Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.5 Elect Director Nohata, Kunio Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.6 Elect Director Ide, Akihiko Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.7 Elect Director Katori, Yoshinori Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 2.8 Elect Director Igarashi, Chika Mgmt For For

Tokyo Gas Co. Ltd. 9531 Japan 28/06/2018 Annual 3 Appoint Statutory Auditor Nohara, Sawako Mgmt For For



Vote

SSE plc SSE UK 19/07/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 2 Approve Remuneration Report Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 3 Approve Final Dividend Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 4 Re-elect Gregor Alexander as Director Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 5 Re-elect Sue Bruce as Director Mgmt For Against

SSE plc SSE UK 19/07/2018 Annual 6 Elect Tony Cocker as Director Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 7 Re-elect Crawford Gillies as Director Mgmt For Against


xix

SSE plc SSE UK 19/07/2018 Annual 8 Re-elect Richard Gillingwater as Director Mgmt For Against

SSE plc SSE UK 19/07/2018 Annual 9 Re-elect Peter Lynas as Director Mgmt For Against

SSE plc SSE UK 19/07/2018 Annual 10 Re-elect Helen Mahy as Director Mgmt For Against

SSE plc SSE UK 19/07/2018 Annual 11 Re-elect Alistair Phillips-Davies as Director Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 12 Elect Martin Pibworth as Director Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 13 Reappoint KPMG LLP Auditors Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 14 Authorise Audit Committee to Fix Remuneration of Auditors Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 15 Authorise Issue of Equity with Pre-emptive Rights Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 16 Authorise Issue of Equity without Pre-emptive Rights Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 17 Authorise Market Purchase of Ordinary Shares Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 18 Approve Scrip Dividend Scheme Mgmt For For

SSE plc SSE UK 19/07/2018 Annual 19 Authorise the Company to Call General Meeting with Two Weeks' Notice

Mgmt For For



Vote

SSE plc SSE UK 19/07/2018 Special i Approve the Declaration of a Special Dividend to give effect to the Demerger of SSE Energy Services from SSE

Mgmt For For

SSE plc SSE UK 19/07/2018 Special ii Approve Waiver on Tender-Bid Requirement Mgmt For For



Vote

National Grid plc NG. UK 30/07/2018 Annual 1 Accept Financial Statements and Statutory Reports Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 2 Approve Final Dividend Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 3 Re-elect Sir Peter Gershon as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 4 Re-elect John Pettigrew as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 5 Re-elect Dean Seavers as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 6 Re-elect Nicola Shaw as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 7 Re-elect Nora Brownell as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 8 Re-elect Jonathan Dawson as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 9 Re-elect Therese Esperdy as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 10 Re-elect Paul Golby as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 11 Re-elect Mark Williamson as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 12 Elect Amanda Mesler as Director Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 13 Reappoint Deloitte LLP as Auditors Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 14 Authorise Board to Fix Remuneration of Auditors Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 15 Approve Remuneration Report Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 16 Authorise EU Political Donations and Expenditure Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 17 Authorise Issue of Equity with Pre-emptive Rights Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 18 Authorise Issue of Equity without Pre-emptive Rights Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 19 Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment

Mgmt For For


xx

National Grid plc NG. UK 30/07/2018 Annual 20 Authorise Market Purchase of Ordinary Shares Mgmt For For

National Grid plc NG. UK 30/07/2018 Annual 21 Authorise the Company to Call General Meeting with Two Weeks' Notice

Mgmt For For


21

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WHITEHELM LISTED CORE INFRASTRUCTURE FUND 2018 PROXY ... · This trend fits with the broader proxy...

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Transcript of WHITEHELM LISTED CORE INFRASTRUCTURE FUND 2018 PROXY ... · This trend fits with the broader proxy...