Royal Bank of Canada

Ticker: RY
Meeting date: 11/04/2024
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1.1 Elect Director Mirko Bibic For For
1.2 Elect Director Andrew A. Chisholm For For
1.3 Elect Director Jacynthe Cote For For
1.4 Elect Director Toos N. Daruvala For For
1.5 Elect Director Cynthia Devine For For
1.6 Elect Director Roberta L. Jamieson For For
1.7 Elect Director David McKay For For
1.8 Elect Director Amanda Norton For For
1.9 Elect Director Barry Perry For For
1.10 Elect Director Maryann Turcke For For
1.11 Elect Director Thierry Vandal For For
1.12 Elect Director Frank Vettese For For
1.13 Elect Director Jeffery Yabuki For For
2 Ratify PricewaterhouseCoopers LLP as Auditors For For
3 Advisory Vote on Executive Compensation Approach For For
Shareholder proposals
1 SP 1: Disclose Clean Energy to Fossil Fuel Financing Ratios Vote rationale: We will not support a shareholder proposal that appears to be overly prescriptive in regard to the company’s strategy and/or operations, or that sets unrealistic timeframes, targets or methods for implementation. Global Voting Guidelines Shareholder proposals on sustainability Against Against
2 SP 2: Report on Impact of Oil and Gas Divestment Vote rationale: We will not support a shareholder proposal that appears to be overly prescriptive in regard to the company’s strategy and/or operations, or that sets unrealistic timeframes, targets or methods for implementation. Global Voting Guidelines Shareholder proposals on sustainability Against Against
3 SP 3: Disclose the CEO Compensation to Median Worker Pay Ratio on an Annual Basis Against Against
4 SP 4: Hold Annual Meetings of the Company in Person with Virtual Meetings as Complements Against Against
5 SP 5: Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting Against Against
6 SP 6: Report on Loans Made by the Bank in Support of the Circular Economy Vote rationale: We will not support a shareholder proposal that does not address a material sustainability risk or salient issue for the sector. Global Voting Guidelines Shareholder proposals on sustainability Against Against
7 SP 7: Advisory Vote on Environmental Policies Vote rationale: We will not support a shareholder proposal that appears to be overly prescriptive in regard to the company’s strategy and/or operations, or that sets unrealistic timeframes, targets or methods for implementation. Global Voting Guidelines Shareholder proposals on sustainability Against 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:

  • 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