EXOR NV
Ticker: EXO
Meeting date: 24/05/2022
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Open Meeting | Mgt rec None | Vote None |
| 2.a | Proposal Receive Board Report (Non-Voting) | Mgt rec None | Vote None |
| 2.b | Proposal Approve 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 | Mgt rec For | Vote Against |
| 2.c | Proposal Adopt Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 2.d | Proposal Receive Explanation on Company's Reserves and Dividend Policy | Mgt rec None | Vote None |
| 2.e | Proposal Approve Dividends of EUR 0.43 Per Share | Mgt rec For | Vote For |
| 3.a | Proposal Ratify Ernst & Young Accountants LLP as Auditors for the Financial Year 2022 | Mgt rec For | Vote For |
| 3.b | Proposal Ratify Deloitte Accountants B.V. as Auditors for the Financial Year 2023 | Mgt rec For | Vote For |
| 3.c | Proposal Amend Remuneration Policy 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 | Mgt rec For | Vote Against |
| 3.d | Proposal Approve New Share Incentive Plan | Mgt rec For | Vote For |
| 4.a | Proposal Approve Discharge of Executive Director | Mgt rec For | Vote For |
| 4.b | Proposal Approve Discharge of Non-Executive Directors | Mgt rec For | Vote For |
| 5.a | Proposal Elect A. Dumas as Non-Executive Director | Mgt rec For | Vote For |
| 6.a | Proposal Authorize Repurchase of Shares | Mgt rec For | Vote For |
| 6.b | Proposal Approve Cancellation of Repurchased Shares | Mgt rec For | Vote For |
| 7 | 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:
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