Skandinaviska Enskilda Banken AB
Ticker: SEB.A
Meeting date: 22/03/2016
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Open Meeting | Mgt rec None | Vote None |
| 2 | Proposal Elect Chairman of Meeting | Mgt rec For | Vote For |
| 3 | Proposal Prepare and Approve List of Shareholders | Mgt rec For | Vote For |
| 4 | Proposal Approve Agenda of Meeting | Mgt rec For | Vote For |
| 5 | Proposal Designate Inspector(s) of Minutes of Meeting | Mgt rec For | Vote For |
| 6 | Proposal Acknowledge Proper Convening of Meeting | Mgt rec For | Vote For |
| 7 | Proposal Receive Financial Statements and Statutory Reports | Mgt rec None | Vote None |
| 8 | Proposal Receive President's Report | Mgt rec None | Vote None |
| 9 | Proposal Accept Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 10 | Proposal Approve Allocation of Income and Dividends of SEK 5.25 Per Share | Mgt rec For | Vote For |
| 11 | Proposal Approve Discharge of Board and President | Mgt rec For | Vote For |
| 12 | Proposal Amend Articles Re: Number of Directors | Mgt rec For | Vote For |
| 13 | Proposal Determine Number of Members (13) and Deputy Members (0) of Board; Determine Number of Auditors (1) and Deputy Auditors (0) | Mgt rec For | Vote For |
| 14 | Proposal Approve Remuneration of Directors in the Amount of SEK 2.80 Million for Chairman, SEK 860,000 for the Vice Chairmen, and SEK 660,000 for Other Directors: Approve Remuneration for Committee Work, Approve Remuneration of Auditors | Mgt rec For | Vote For |
| 15a1 | Proposal Reelect Johan H. Andresen as Director | Mgt rec For | Vote For |
| 15a2 | Proposal Reelect Signhild Arnegard Hansen as Director | Mgt rec For | Vote For |
| 15a3 | Proposal Reelect Samir Brikho as Director | Mgt rec For | Vote For |
| 15a4 | Proposal Reelect Annika Falkengren as Director | Mgt rec For | Vote For |
| 15a5 | Proposal Reelect Winnie Fok as Director | Mgt rec For | Vote For |
| 15a6 | Proposal Reelect Urban Jansson as Director | Mgt rec For | Vote For |
| 15a7 | Proposal Reelect Birgitta Kantola as Director | Mgt rec For | Vote For |
| 15a8 | Proposal Reelect Tomas Nicolin as Director | Mgt rec For | Vote For |
| 15a9 | Proposal Reelect Sven Nyman as Director | Mgt rec For | Vote For |
| 15a10 | Proposal Reelect Jesper Ovesen as Director | Mgt rec For | Vote For |
| 15a11 | Proposal Reelect Marcus Wallenberg as Director | Mgt rec For | Vote For |
| 15a12 | Proposal Elect Helena Saxon as New Director | Mgt rec For | Vote For |
| 15a13 | Proposal Elect Sara Ohrvall as New Director | Mgt rec For | Vote For |
| 15b | Proposal Elect Marcus Wallenberg as Chairman of the Board | Mgt rec For | Vote For |
| 16 | Proposal Ratify PricewaterhouseCoopers as Auditors | Mgt rec For | Vote For |
| 17 | Proposal Approve Remuneration Policy And Other Terms of Employment For Executive Management | Mgt rec For | Vote For |
| 18a | Proposal Approve Profit Sharing Program | Mgt rec For | Vote For |
| 18b | Proposal Approve Share Deferral Plan for President, Group Executive Committee, and Certain Other Executive Managers | Mgt rec For | Vote For |
| 19a | Proposal Authorize Share Repurchase Program | Mgt rec For | Vote For |
| 19b | Proposal Authorize Repurchase of Class A and/or Class C Shares of up to Ten Percent of Issued Shares and Reissuance of Repurchased Shares Inter Alia in Connection with Long-Term Incentive Plan | Mgt rec For | Vote For |
| 19c | Proposal Authorize Reissuance of Repurchased Class A Shares in Connection with 2016 Long-Term Equity Programmes | Mgt rec For | Vote For |
| 20 | Proposal Approve Issuance of Convertible Capital Instruments Corresponding to a Maximum of 10 Percent of the Total Number of Shares | Mgt rec For | Vote For |
| 21 | Proposal Approve Proposal Concerning the Appointment of Auditors in Foundations Without Own Management | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 22a | Proposal Adopt Vision Regarding Gender Equality in the Company | Mgt rec None | Vote Against |
| 22b | Proposal Instruct Board to Appoint a Working Group to Carefully Monitor the Development of Gender and Ethnicity Diversity in the Company | Mgt rec None | Vote Against |
| 22c | Proposal Require the Results from the Working Group Concerning Item 17b to be Reported to the AGM | Mgt rec None | Vote Against |
| 22d | Proposal Request Board to Take Necessary Action to Create a Shareholders' Association | Mgt rec None | Vote Against |
| 22e | Proposal Prohibit Directors from Being Able to Invoice Director's Fees via Swedish and Foreign Legal Entities | Mgt rec None | Vote Against |
| 22f | Proposal Instruct the Nomination Committee to Pay Extra Attention to Questions Concerning Ethics, Gender, and Ethnicity | Mgt rec None | Vote Against |
| 22g | Proposal Instruct the Board to Prepare a Proposal for the Representation of Small- and Midsized Shareholders in the Board and Nomination Committee | Mgt rec None | Vote Against |
| 22h | Proposal Instruct Board to Propose to the Government a Change in Legislation Regarding Invoicing of Director Fees | Mgt rec None | Vote Against |
| 22i | Proposal Request the Board to Investigate and Report on Consequences of Abolishment of Multiple Share Classes at the Company | Mgt rec None | Vote For |
| 22j | Proposal Request Board to Propose to the Swedish Government Legislation on the Abolition of Voting Power Differences in Swedish Limited Liability Companies | Mgt rec None | Vote Against |
| 22k | Proposal Request Board to Propose to the Swedish Government to Draw Attention to the Need for Introducing a | Mgt rec None | Vote Against |
| 23 | Proposal Amend Articles Re: Former Politicians on the Board of Directors | Mgt rec None | Vote Against |
| Management proposals | |||
| 24 | Proposal Close Meeting | Mgt rec None | Vote None |
Disclaimer
This page contains certain information as to the voting intentions of Norges Bank in its role as manager of the Government Pension Fund Global. This disclosure is provided to promote transparency as to Norges Bank’s engagement with investee companies, and in view of its approach to responsible investing. Norges Bank’s voting intention is an internal decision and has not been agreed with any third party. Please note the following:
- This disclosure is provided for information purposes only. It does not constitute advice and should not be taken as a recommendation or an instruction on any matter, including whether any relevant third party should buy, sell or retain shares, or how any third party should exercise any voting rights they may have. Any person who wishes to obtain advice should seek this from a professional adviser. This disclosure is not a proxy solicitation and is not intended to influence the vote of other shareholders.
- No reliance should be placed on this information or its accuracy, and Norges Bank accepts no responsibility or liability for any action taken or not taken on the basis of this information. Any relevant third party should form their own views based on their own analysis of the relevant facts and circumstances.
- To be clear, Norges Bank has no duty of care in respect of any third party who decides to view this disclosure, which shall be done entirely at their own risk.
- Any information in this disclosure is subject to change without notice. In particular, be aware that Norges Bank’s intentions and the holdings of the Government Pension Fund Global may change over time and, to the extent permitted by applicable law, Norges Bank disclaims any responsibility to update this information as a result of such changes or for any other reason.
- Securities lending or other activity may mean that the votes cast by Norges Bank are significantly different than its economic or published holding of shares, or significantly different from its holding at the date of this disclosure. No assumption should be made or reliance placed on the number of votes that will be cast.
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