Air Canada
Ticker: AC
Meeting date: 28/03/2024
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Proposal Elect Director Amee Chande | Mgt rec For | Vote For |
| 1.2 | Proposal Elect Director Christie J.B. Clark | Mgt rec For | Vote For |
| 1.3 | Proposal Elect Director Gary A. Doer | Mgt rec For | Vote For |
| 1.4 | Proposal Elect Director Rob Fyfe | Mgt rec For | Vote For |
| 1.5 | Proposal Elect Director Michael M. Green | Mgt rec For | Vote For |
| 1.6 | Proposal Elect Director Jean Marc Huot | Mgt rec For | Vote For |
| 1.7 | Proposal Elect Director Claudette McGowan | Mgt rec For | Vote For |
| 1.8 | Proposal Elect Director Madeleine Paquin | Mgt rec For | Vote For |
| 1.9 | Proposal Elect Director Michael Rousseau | Mgt rec For | Vote For |
| 1.10 | Proposal Elect Director Vagn Sorensen 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 |
| 1.11 | Proposal Elect Director Kathleen Taylor | Mgt rec For | Vote For |
| 1.12 | Proposal Elect Director Annette Verschuren | Mgt rec For | Vote For |
| 1.13 | Proposal Elect Director Michael M. Wilson | Mgt rec For | Vote For |
| 2 | Proposal Ratify PricewaterhouseCoopers LLP as Auditors | Mgt rec For | Vote For |
| 3 | Proposal Amend Long-Term Incentive Plan | Mgt rec For | Vote For |
| 4 | Proposal Advisory Vote on Executive Compensation Approach | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 5 | Proposal SP 1: Approve Incentive Compensation Relating to ESG Goals - *Withdrawn Resolution* | Mgt rec None | Vote None |
| 6 | Proposal SP 2: Hold Annual Meetings of the Company in Person with Virtual Meetings as Complements | Mgt rec None | Vote For |
| 7 | Proposal SP 3: Disclosure of Languages Mastered by Executives - *Withdrawn Resolution* | Mgt rec None | Vote None |
| 8 | Proposal SP 4: Disclosure of Languages Mastered by Directors - *Withdrawn Resolution* | Mgt rec None | Vote None |
| 9 | Proposal SP 5: Auditor Rotation | Mgt rec Against | Vote Against |
| Management proposals | |||
| A | Proposal The Undersigned Certifies The Shares Represented by this Proxy Are Owned And Controlled By: FOR = Canadian, AGT = Non-Canadian Holder Authorized To Provide Air Service, ABN = Non-Canadian Who Is Not A Non-Canadian Holder Authorized To Provide Air Service. | Mgt rec None | Vote Abstain |
| B | Proposal Vote FOR if Undersigned Certifies that Shares Owned and Controlled by Undersigned, Including Shares Held by Persons in Affiliation with the Undersigned Represent 10% or More of Company's IOS. Vote AGAINST if Shares Owned and Controlled is Less Than 10%. | Mgt rec None | 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:
- 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.