Royal Bank of Canada

Ticker: RY
Meeting date: 07/04/2022
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1.1 Elect Director Andrew A. Chisholm For For
1.2 Elect Director Jacynthe Cote For For
1.3 Elect Director Toos N. Daruvala For For
1.4 Elect Director David F. Denison 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 Kathleen Taylor For For
1.9 Elect Director Maryann Turcke 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 For Withhold
1.10 Elect Director Thierry Vandal For For
1.11 Elect Director Bridget A. van Kralingen 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
4 SP 1: Update the Bank's Criteria for Sustainable Finance to Preclude Fossil Fuel Activity and Projects Opposing Indigenous Peoples Against Against
5 SP 2: Assess and Mitigate the Human Rights and Reputational Risks Involved in the Financialization of Housing Against Against
6 SP 3: Avoid Bank Participation in Pollution-Intensive Asset Privatizations Against Against
7 SP 4: Examine the Possibility of Becoming a Benefit Company Against Against
8 SP 5: Adopt an Annual Advisory Vote Policy on the Bank's Environmental and Climate Change Action Plan and Objectives Against Against
9 SP 6: Adopt French as the Official Language of the Bank Against Against
10 SP 7: Produce a Report on Loans Made by the Bank in Support of the Circular Economy Against Against
11 SP 8: Provide a Report to Shareholders and Publicly Disclose the CEO Compensation to Median Worker Pay Ratio 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.
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