Microsoft Corporation

Ticker: MSFT
Meeting date: 07/12/2023
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1.01 Elect Director Reid G. Hoffman For For
1.02 Elect Director Hugh F. Johnston For For
1.03 Elect Director Teri L. List For For
1.04 Elect Director Catherine MacGregor For For
1.05 Elect Director Mark A. L. Mason For For
1.06 Elect Director Satya Nadella Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO For Against
1.07 Elect Director Sandra E. Peterson For For
1.08 Elect Director Penny S. Pritzker For For
1.09 Elect Director Carlos A. Rodriguez For For
1.10 Elect Director Charles W. Scharf For For
1.11 Elect Director John W. Stanton For For
1.12 Elect Director Emma N. Walmsley For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation For For
3 Advisory Vote on Say on Pay Frequency One year One year
4 Ratify Deloitte and & Touche as Auditors For For
Shareholder proposals
5 Report on Gender-Based Compensation and Benefits Inequities Against Against
6 Report on Risks of Omitting Viewpoint and Ideological Diversity from EEO Policy Against Against
7 Report on Government Take Down Requests Against Against
8 Report on Risks of Weapons Development Against Against
9 Report on Climate Risk in Retirement Plan Options Against Against
10 Publish a Tax Transparency Report Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
11 Report on Risks of Operating in Countries with Significant Human Rights Concerns Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For
12 Adopt a Policy Requiring Third Party Groups to Report Their Political Expenditures Against Against
13 Report on Risks Related to AI Generated Misinformation and Disinformation Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Against For

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.
  • Norges Bank is not subject to any prohibition on securities lending, trading or other activity as a result of this disclosure at any point prior to or after the publication of this disclosure.
Go back to search page