Kinnevik AB
Ticker: KINV.B
Meeting date: 13/05/2013
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1 | Proposal Open Meeting | Mgt rec None | Vote None |
| 2 | Proposal Elect Chairman of Meeting | Mgt rec For | Vote For |
| 3 | Proposal Prepare and Approve List of Shareholders | Mgt rec For | Vote For |
| 4 | Proposal Approve Agenda of Meeting | Mgt rec For | Vote For |
| 5 | Proposal Designate Inspector(s) of Minutes of Meeting | Mgt rec For | Vote For |
| 6 | Proposal Acknowledge Proper Convening of Meeting | Mgt rec For | Vote For |
| 7 | Proposal Receive Chairman's Report | Mgt rec None | Vote None |
| 8 | Proposal Receive President's Report | Mgt rec None | Vote None |
| 9 | Proposal Receive Financial Statements and Statutory Reports | Mgt rec None | Vote None |
| 10 | Proposal Approve Financial Statements and Statutory Reports | Mgt rec For | Vote For |
| 11 | Proposal Approve Allocation of Income and Dividends of SEK 6.50 per Share | Mgt rec For | Vote For |
| 12 | Proposal Approve Discharge of Board and President | Mgt rec For | Vote For |
| 13 | Proposal Determine Number of Members (8) and Deputy Members of Board (0) | Mgt rec For | Vote For |
| 14 | Proposal Approve Remuneration of Directors in the Aggregate Amount of SEK 6.08 Million; Approve Remuneration of Auditors | Mgt rec For | Vote For |
| 15 | Proposal Reelect Tom Boardman, Vigo Carlund, Amelia Fawcett, Wilhelm Klingspor, Erik Mitteregger, Allen Sangines-Krause, and Cristina Stenbeck (Chair) as Directors; Elect Lorenzo Grabau as New Director | Mgt rec For | Vote For |
| 16 | Proposal Ratify Deloitte AB as Auditors | Mgt rec For | Vote For |
| 17 | Proposal Authorize Chairman of Board and Representatives of at Least Three of Company's Largest Shareholders to Serve on Nominating Committee | Mgt rec For | Vote Against |
| 18 | Proposal Approve Remuneration Policy And Other Terms of Employment For Executive Management | Mgt rec For | Vote For |
| 19 | Proposal Approve Restricted Stock Plan; Approve Associated Formalities | Mgt rec For | Vote For |
| 20 | Proposal Authorize Share Repurchase Program | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 21a | Proposal Found a Shareholder Association | Mgt rec None | Vote Against |
| 21b | Proposal Prepare Proposal for Representation of Small and Medium Shareholders | Mgt rec None | Vote Against |
| 21c | Proposal Instruct Board to Write to the Swedish Government to Abolish the Difference in Voting Powers Between Shares | Mgt rec None | Vote Against |
| 21d | Proposal Special Examination Regarding the Company's External and Internal Entertainment | Mgt rec None | Vote Against |
| 21e | Proposal Adopt Vision Regarding Gender Equality in the Company and Implementation of the Vision; Monitor the Development on Ethnicity Area and Recieve Reports of the Work at the AGM | Mgt rec None | Vote Against |
| 22a | Proposal Examine to Distribute the Unlisted Assets Directly to Shareholders | Mgt rec None | Vote Against |
| 22b | Proposal Examine the Possibility to De-merge Kinnevik into Two Companies, | Mgt rec None | Vote Against |
| 22c | Proposal Examine the Possibility to De-merge Kinnevik into Two Listed Companies, | Mgt rec None | Vote Against |
| 22d | Proposal Examine the Possibility to Make an Extraordinary Dividend of SEK 10 and Increase Debt Ratio | Mgt rec None | Vote Against |
| 22e | Proposal Examine the Possibility to Make a More Long-Term and More Aggressive Forecast for the Dividend | Mgt rec None | Vote Against |
| 22f | Proposal Examine the Possibility to Repurchase Shares Without Cancelling Them | Mgt rec None | Vote Against |
| 22g | Proposal Examine the Possibility to Contact Other Investment Companies With the Purpose of Establishing a Team Which Shall Work for Reducing the Investment Company Discounts in Investment Companies | Mgt rec None | Vote Against |
| 22h | Proposal Contact Warren Buffet for His Advice and Views on How Kinnevik Can be Developed and How Its Investment Company Discount Can Be Reduced | Mgt rec None | Vote Against |
| 22i | Proposal Examine the Possibility to Make the General Meeting the Largest AGM in Sweden | Mgt rec None | Vote Against |
| 22j | Proposal Examine Which Shareholder Perquisites That Can Be Conferred in the Future | Mgt rec None | Vote Against |
| 22k | Proposal Examine the Possibility to Prepare and Make Public a Five Item Agenda with Concrete Measures to Eliminate the Investment Company Discount | Mgt rec None | Vote Against |
| 22l | Proposal Establish a Concrete Target that the Investment Company Discount Shall be Turned Into a Premium | Mgt rec None | Vote Against |
| Management proposals | |||
| 23 | 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:
- 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.