Management proposals |
1.1
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Approve Consolidated and Standalone Financial Statements
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For
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For
|
1.2
|
Approve Non-Financial Information Statement
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For
|
For
|
2
|
Approve Discharge of Board
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For
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For
|
3
|
Approve Allocation of Income and Dividends
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For
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For
|
4
|
Approve Remuneration of Directors
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For
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For
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5.1
|
Reelect Belen Barreiro Perez-Pardo as Director
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For
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For
|
5.2
|
Reelect Mercedes Costa Garcia as Director
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For
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For
|
6.1
|
Amend Article 5 Re: Registered Office
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For
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For
|
6.2
|
Amend Article 13 Re: Attendance
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For
|
For
|
6.3
|
Amend Article 14 Re: Proxies
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For
|
For
|
6.4
|
Amend Article 17 Re: Presiding Board, Information, Discussion and Voting, Voting and Representation by Remote Means
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For
|
For
|
6.5
|
Amend Article 17 bis Re: Allow Shareholder Meetings to be Held in Virtual-Only Format
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For
|
For
|
6.6
|
Amend Article 22 Re: Director Remuneration
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For
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For
|
6.7
|
Amend Article 28 Re: Executive Committee, Audit and Compliance Committee, Nomination and Remuneration Committee and Other Committees
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For
|
For
|
6.8
|
Amend Article 34 Re: Approval of Accounts and Allocation of Profits
|
For
|
For
|
7.1
|
Amend Article 5 of General Meeting Regulations Re: Information on Company's Website
|
For
|
For
|
7.2
|
Amend Article 6 of General Meeting Regulations Re: Shareholders' Right to Information
|
For
|
For
|
7.3
|
Amend Article 7 of General Meeting Regulations Re: Right to Attend and Proxies
|
For
|
For
|
7.4
|
Amend Article 11 of General Meeting Regulations Re: Start of the Meeting and Shareholders' Requests for Intervention
|
For
|
For
|
7.5
|
Amend Article 12 of General Meeting Regulations Re: Shareholders' Participation
|
For
|
For
|
7.6
|
Amend Article 13 bis of General Meeting Regulations Re: Voting and Granting of Proxies by Remote Means
|
For
|
For
|
7.7
|
Amend Article 13 ter of General Meeting Regulations Re: Allow Shareholder Meetings to be Held in Virtual-Only Format
|
For
|
For
|
7.8
|
Amend Article 14 of General Meeting Regulations Re: Voting and Resolutions
|
For
|
For
|
8
|
Amend Remuneration Policy for FY 2019, 2020 and 2021
|
For
|
For
|
9
|
Approve Remuneration Policy for FY 2022, 2023 and 2024
Vote rationale:
The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration.
Global Voting Guidelines
CEO remuneration
|
For
|
Against
|
10
|
Advisory Vote on Remuneration Report
Vote rationale:
The board is responsible for attracting the right CEO and setting appropriate remuneration. A substantial proportion of annual remuneration should be provided as shares that are locked in for five to ten years, regardless of resignation or retirement. The board should provide transparency on total remuneration to avoid unacceptable outcomes. The board should ensure that all benefits have a clear business rationale. Pensionable income should constitute a minor part of total remuneration.
Global Voting Guidelines
CEO remuneration
|
For
|
Against
|
11
|
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent
|
For
|
For
|
12
|
Authorize Donations to Fundacion Ebro Foods
|
For
|
For
|
13
|
Authorize Company to Call EGM with 15 Days' Notice
|
For
|
For
|
14
|
Receive Amendments to Board of Directors Regulations
|
None
|
None
|
15
|
Authorize Board to Ratify and Execute Approved Resolutions
|
For
|
For
|