Bank of Montreal
Ticker: BMO
Meeting date: 13/04/2022
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1.1 | Proposal Elect Director Janice M. Babiak | Mgt rec For | Vote For |
| 1.2 | Proposal Elect Director Sophie Brochu | Mgt rec For | Vote For |
| 1.3 | Proposal Elect Director Craig W. Broderick | Mgt rec For | Vote For |
| 1.4 | Proposal Elect Director George A. Cope | Mgt rec For | Vote For |
| 1.5 | Proposal Elect Director Stephen Dent | Mgt rec For | Vote For |
| 1.6 | Proposal Elect Director Christine A. Edwards | Mgt rec For | Vote For |
| 1.7 | Proposal Elect Director Martin S. Eichenbaum | Mgt rec For | Vote For |
| 1.8 | Proposal Elect Director David E. Harquail | Mgt rec For | Vote For |
| 1.9 | Proposal Elect Director Linda S. Huber | Mgt rec For | Vote For |
| 1.10 | Proposal Elect Director Eric R. La Fleche | Mgt rec For | Vote For |
| 1.11 | Proposal Elect Director Lorraine Mitchelmore | Mgt rec For | Vote For |
| 1.12 | Proposal Elect Director Madhu Ranganathan | Mgt rec For | Vote For |
| 1.13 | Proposal Elect Director Darryl White | Mgt rec For | Vote For |
| 2 | Proposal Ratify KPMG LLP as Auditors | Mgt rec For | Vote For |
| 3 | Proposal Approve Advisory Vote on Executive Compensation Approach | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 4 | Proposal SP 1: Explore the Possibility of Becoming a Benefit Company | Mgt rec Against | Vote Against |
| 5 | Proposal SP 2: Adopt an Annual Advisory Vote Policy on the Bank's Environmental and Climate Change Action Plan and Objectives | Mgt rec Against | Vote Against |
| 6 | Proposal SP 3: Adopt French as the Official Language of the Bank | Mgt rec Against | Vote Against |
| 7 | Proposal SP 4: Adopt a Policy to Ensure the Bank's Financing is Consistent with IEA's Net Zero Emissions by 2050 Scenario | Mgt rec Against | 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.
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