NEST Voting Report for the period 01 Jan 2025 to 01 Apr 2025

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Table of Contents

 

Vote summary by region

AGM Class Court EGM GM OGM SGM Total
Africa 4 0 0 0 0 0 0 5
Asia & Oceania : Developed 113 0 0 0 0 0 0 126
Asia & Oceania : Emerging 30 0 0 0 0 0 0 266
Europe : Developed 50 0 0 0 0 0 0 62
Europe : Emerging 8 0 0 0 0 0 0 13
Japan 34 0 0 0 0 0 0 36
Latin America & Caribbean 0 0 0 0 0 0 0 4
North America 42 0 0 0 0 0 0 50
South & Central America 14 0 0 0 0 0 0 23
UK & Ireland 16 0 0 0 0 0 0 19
 

Vote summary by issues: Active Monitoring List

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 2 0 0 0
Other 0 0 0 0 0 0
Board 18 0 5 0 0 0
Capital 0 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 0 0 0 0 0 0
Political Activity 0 0 0 0 0 0
Shareholder Rights 1 0 0 0 0 0
Remuneration 1 0 1 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 0 0 1 0 0 0
 

Vote summary by issues: Commodities Fund

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 7 0 0 0
Other 0 0 0 0 0 0
Board 55 0 25 0 10 0
Capital 2 0 1 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 1 0 2 0 0 0
Political Activity 0 0 0 0 0 0
Shareholder Rights 6 0 0 0 0 0
Remuneration 2 0 11 0 0 0
Charitable Activity 0 0 1 0 0 0
Sustainability 1 0 4 0 0 0
 

Vote summary by issues: Lombard Odier Investment Management

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 11 1 9 0 0 0
Other 0 0 1 0 0 0
Board 142 3 15 0 3 0
Capital 17 0 1 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 0 0 0 0 0 0
Political Activity 1 0 0 0 0 0
Shareholder Rights 6 0 1 0 0 0
Remuneration 27 0 3 0 0 0
Charitable Activity 0 0 1 0 0 0
Sustainability 3 0 3 0 0 0
 

Vote summary by issues: UBS

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 1 0 0 0
Other 0 0 0 0 0 0
Board 5 0 6 0 0 0
Capital 0 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 0 0 0 0 0 0
Political Activity 0 0 0 0 0 0
Shareholder Rights 0 0 0 0 0 0
Remuneration 0 0 1 0 0 0
Charitable Activity 0 0 1 0 0 0
Sustainability 1 0 3 0 0 0
 

Votes against management - by region

Region Resolutions
Asia & Oceania : Developed 8
Asia & Oceania : Emerging 10
Europe : Developed 9
North America 57
UK & Ireland 5
 

Votes withheld by manager

Company Event Date Res Num SH Res Resolution Active Monitoring List Commodities Fund Lombard Odier Investment Management UBS
Intuit Inc AGM 23-Jan-25 1g - To re-elect as a director, Suzanne Nora Johnson Against
Intuit Inc AGM 23-Jan-25 3 - To ratify the appointment of Ernst & Young LLP as auditors Against
Boliden AB EGM 23-Jan-25 7 - To approve a general authority to the directors to issue new shares Against
Hormel Foods Corp AGM 28-Jan-25 1a - To re-elect as a director, Gary Bhojwani Against
Hormel Foods Corp AGM 28-Jan-25 1g - To re-elect as a director, Sally Smith Against
Hormel Foods Corp AGM 28-Jan-25 1h - To re-elect as a director, James Snee Against
Hormel Foods Corp AGM 28-Jan-25 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Rockwell Automation Inc AGM 04-Feb-25 A2 - To re-elect as a director, Blake Moret Withhold
Rockwell Automation Inc AGM 04-Feb-25 C - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Pricesmart Inc AGM 06-Feb-25 1.05 - To re-elect as a director, Leon Janks Withhold
Pricesmart Inc AGM 06-Feb-25 4 - To ratify the appointment of Ernst & Young LLP as auditors Against
Tyson Foods Inc AGM 06-Feb-25 1a - To re-elect as a director, John Tyson Against
Tyson Foods Inc AGM 06-Feb-25 1h - To re-elect as a director, Kevin McNamara Against
Tyson Foods Inc AGM 06-Feb-25 2 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against
Tyson Foods Inc AGM 06-Feb-25 3 - To approve the amendments to the 2000 stock incentive plan Against
Tyson Foods Inc AGM 06-Feb-25 4 Y To approve the shareholder proposal regarding the disaggregation of shareholder voting results For
Accenture plc AGM 06-Feb-25 1a - To elect as a director, Jaime Ardila Against
Accenture plc AGM 06-Feb-25 1d - To elect as a director, Nancy McKinstry Against
Accenture plc AGM 06-Feb-25 3 - To appoint KPMG LLP as auditors and to authorise the directors to determine their remuneration Against
Compass Group plc AGM 06-Feb-25 2 - To approve the remuneration policy Against
Compass Group plc AGM 06-Feb-25 12 - To re-elect as a director, John Bryant Against
PTC Inc AGM 12-Feb-25 1.07 - To re-elect as a director, Paul Lacy Withhold
PTC Inc AGM 12-Feb-25 3 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against
Siemens AG AGM 13-Feb-25 6 - To approve the remuneration report Against
Siemens AG AGM 13-Feb-25 9 - To authorise the holding of virtual meetings Against
Siemens AG AGM 13-Feb-25 12 - To approve the creation of a new Conditional Capital with the dis-application of pre-emption rights and the correspondent amendment to the Articles of Association Against
Hologic Inc AGM 26-Feb-25 1d - To re-elect as a director, Martin Madaus Against
Hologic Inc AGM 26-Feb-25 3 - To ratify the appointment of Ernst & Young LLP as auditors Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1a - To re-elect as a director, Guipeng Jiang Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1c - To re-elect as a director, Liqang Wang Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1d - To re-elect as a director, Peiwu Wang Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1e - To re-elect as a director, Yi Long Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1f - To re-elect as a director, Guanghui Li Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1g - To re-elect as a director, Wenjing Luan Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1h - To re-elect as a director, Jinrong Chen Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 1i - To re-elect as a director, Sze Chung Choy Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 4a - To approve the provision of guarantee for the financing of 7 subsidiaries Against
Zhaojin Mining Industry Company Ltd EGM 26-Feb-25 4b - To approve the provision of guarantee for the supply chain finance business Against
Deere & Co Inc AGM 26-Feb-25 1a - To re-elect as a director, Leanne Caret Against Against Against
Deere & Co Inc AGM 26-Feb-25 1b - To re-elect as a director, Tamra Erwin Against Against
Deere & Co Inc AGM 26-Feb-25 1d - To re-elect as a director, Alan Heuberger Against Against
Deere & Co Inc AGM 26-Feb-25 1g - To re-elect as a director, John May Against Against Against
Deere & Co Inc AGM 26-Feb-25 1h - To re-elect as a director, Gregory Page Against Against Against
Deere & Co Inc AGM 26-Feb-25 1i - To re-elect as a director, Sherry Smith Against Against Against
Deere & Co Inc AGM 26-Feb-25 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against Against
Deere & Co Inc AGM 26-Feb-25 3 - To ratify the appointment of Deloitte & Touche LLP as auditors Against Against Against
Deere & Co Inc AGM 26-Feb-25 5 Y To request that the Board report to shareholders on effectiveness of efforts to create a meritocratic workplace For
Deere & Co Inc AGM 26-Feb-25 7 Y To request a civil rights audit For For For
Tetra Tech Inc AGM 27-Feb-25 3 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against
Aecom AGM 28-Feb-25 1.06 - To re-elect as a director, Daniel Tishman Abstain
Aecom AGM 28-Feb-25 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Helmerich & Payne Inc AGM 05-Mar-25 1d - To re-elect as a director, Randy Foutch Against
Helmerich & Payne Inc AGM 05-Mar-25 1e - To re-elect as a director, Hans Helmerich Against
Helmerich & Payne Inc AGM 05-Mar-25 1i - To re-elect as a director, Donald Robillard Against
Helmerich & Payne Inc AGM 05-Mar-25 1j - To re-elect as a director, John Zeglis Against
Helmerich & Payne Inc AGM 05-Mar-25 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Helmerich & Payne Inc AGM 05-Mar-25 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
ICL Group Ltd EGM 06-Mar-25 1 - To approve the Compensation terms for Elad Aharonson Against
ICL Group Ltd EGM 06-Mar-25 2 - To approve an equity based award to Elad Aharonson Against
ICL Group Ltd EGM 06-Mar-25 3 - To approve the Compensation terms for Yoav Doppelt Against
ICL Group Ltd EGM 06-Mar-25 4 - To approve an equity based award to Yoav Doppelt Against
Compass Minerals International Inc AGM 06-Mar-25 1e - To re-elect as a director, Melissa Miller Against
Compass Minerals International Inc AGM 06-Mar-25 1f - To re-elect as a director, Joseph Reece Against
Compass Minerals International Inc AGM 06-Mar-25 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Compass Minerals International Inc AGM 06-Mar-25 3 - To adopt the amended 2020 incentive award plan Against
Compass Minerals International Inc AGM 06-Mar-25 4 - To ratify the appointment of KPMG LLP as auditors Against
National Fuel Gas Co AGM 13-Mar-25 1.07 - To re-elect as a director, Rebecca Ranich Withhold
National Fuel Gas Co AGM 13-Mar-25 1.08 - To re-elect as a director, Jeffrey Shaw Withhold
National Fuel Gas Co AGM 13-Mar-25 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
National Fuel Gas Co AGM 13-Mar-25 3 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against
Fluence Energy Inc AGM 17-Mar-25 1.01 - To re-elect as a director, Cynthia Arnold Withhold
Fluence Energy Inc AGM 17-Mar-25 1.02 - To re-elect as a director, Herman Bulls Withhold
Fluence Energy Inc AGM 17-Mar-25 1.03 - To re-elect as a director, Ricardo Falu Withhold
Fluence Energy Inc AGM 17-Mar-25 1.06 - To re-elect as a director, Barbara Humpton Withhold
Fluence Energy Inc AGM 17-Mar-25 1.08 - To re-elect as a director, Axel Meier Withhold
Fluence Energy Inc AGM 17-Mar-25 1.09 - To re-elect as a director, Letitia Mendoza Withhold
Fluence Energy Inc AGM 17-Mar-25 1.11 - To re-elect as a director, John Christopher Shelton Withhold
Fluence Energy Inc AGM 17-Mar-25 1.12 - To re-elect as a director, Simon James Smith Withhold
Fluence Energy Inc AGM 17-Mar-25 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Fluence Energy Inc AGM 17-Mar-25 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Samsung Electronics Company Ltd AGM 19-Mar-25 2.01.01 - To elect as a director, Jun Sung Kim Against
Samsung Electronics Company Ltd AGM 19-Mar-25 2.01.02 - To elect as a director, Eun Nyeong Heo Against
Samsung Electronics Company Ltd AGM 19-Mar-25 2.01.03 - To elect as a director, Myung Hee Yoo Against
Samsung Electronics Company Ltd AGM 19-Mar-25 4.02 - To re-elect as an Audit Committee member, Myung Hee Yoo Against
Sika AG AGM 25-Mar-25 8 - To conduct any other business Against
Novo Nordisk AS AGM 27-Mar-25 6.02 - To re-elect as Vice Chair Henrik Poulsen Abstain
Novo Nordisk AS AGM 27-Mar-25 6.03.04 - To re-elect as a director Kasim Kutay Abstain
Novo Nordisk AS AGM 27-Mar-25 7 - To re-appoint Deloitte as auditors Abstain
 

Glossary

Definitions for all tables

Fund Names
BMO BMO Responsible Global Equity Fund.
HSBC HSBC Economic Scale Index Emerging Markets Equity Fund and HSBC Amanah Global Equity Index Fund.
LGIM FTSE LGIM FTSE EPRA/NAREIT Global Developed Index Fund
LGIM Global LGIM Global Real Estate Equity Index Fund.
NTIF Northern Trust Emerging Markets ESG Equity Index Fund.
UBS UBS Life World Equity Tracker Fund and UBS Life Climate Aware World Equity Fund.
Meeting Types
AGM Annual General Meeting: meeting normally required by law taking place on an annual basis.
Class Class Meeting: shareholders holding a class of share are required to make a decision binding on the company.
Court Court meeting: shareholders can either order an annual meeting or a special meeting.
EGM Extraordinary General Meeting: meeting is required to conduct business of an urgent or extra-ordinary nature. Such business may require a special quorum or approval level.
GM General Meeting: term often used interchangeably with the term EGM,OGM, SGM, depending on the term used by the company in question.
OGM Ordinary General Meeting: term often used interchangeably with the term EGM,GM, SGM, depending on the term used by the company in question.
SGM Special General Meeting: term often used interchangeably with the term EGM,GM, OGM, depending on the term used.
Other Items
SH Shareholder resolution, resolution proposed by shareholders for ratifying or requesting a specified action by a corporate board
Vote withheld Shareholder votes not supporting management recommendations.
Vote Types
Abstain Shareholder's vote not in favour or against the proposed resolution, but shareholder demonstrates lack of confidence towards the rationale behind the resolution.
Against Shareholder's vote against the resolution proposed.
For Shareholder's vote in favour of the resolution proposed.
Withhold For US- board resolutions, shareholder vote not in favour the board election.