Intel Corporation
Ticker: INTC
Meeting date: 12/05/2022
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1a | Proposal Elect Director Patrick P. Gelsinger | Mgt rec For | Vote For |
| 1b | Proposal Elect Director James J. Goetz | Mgt rec For | Vote For |
| 1c | Proposal Elect Director Andrea J. Goldsmith | Mgt rec For | Vote For |
| 1d | Proposal Elect Director Alyssa H. Henry Vote rationale: Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings. Global Voting Guidelines Time commitment of board members | Mgt rec For | Vote Against |
| 1e | Proposal Elect Director Omar Ishrak | Mgt rec For | Vote For |
| 1f | Proposal Elect Director Risa Lavizzo-Mourey | Mgt rec For | Vote For |
| 1g | Proposal Elect Director Tsu-Jae King Liu | Mgt rec For | Vote For |
| 1h | Proposal Elect Director Gregory D. Smith | Mgt rec For | Vote For |
| 1i | Proposal Elect Director Dion J. Weisler | Mgt rec For | Vote For |
| 1j | Proposal Elect Director Frank D. Yeary | Mgt rec For | Vote For |
| 2 | Proposal Ratify Ernst & Young LLP as Auditors | Mgt rec For | Vote For |
| 3 | Proposal Advisory Vote to Ratify Named Executive Officers' Compensation 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 |
| 4 | Proposal Amend Omnibus Stock Plan 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 |
| Shareholder proposals | |||
| 5 | Proposal Reduce Ownership Threshold for Shareholders to Call Special Meeting | Mgt rec Against | Vote Against |
| 6 | Proposal Report on Third-Party Civil Rights Audit | Mgt rec Against | Vote Against |
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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