NEST Voting Report for the period 01 Jan 2021 to 01 Apr 2021

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Table of Contents

 

Vote summary by region

AGM Class/Court EGM/SGM OGM/GM Other Total
Africa 5 0 0 0 0 5
Asia & Oceania : Developed 74 0 5 1 1 81
Asia & Oceania : Emerging 5 3 33 11 0 52
Europe : Developed 67 0 15 0 0 82
Europe : Emerging 9 0 2 0 0 11
Japan 58 0 4 0 0 62
Latin America & Caribbean 0 0 4 0 0 4
North America 39 0 13 0 0 52
South & Central America 9 0 13 1 0 23
UK & Ireland 18 1 10 10 0 39
 

Vote summary by issues: Active Monitoring List

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 6 0 0 0 0 0
Other 0 0 0 0 0 0
Board 15 0 0 0 0 0
Capital 3 0 2 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 16 0 0 0 0 0
Remuneration 0 0 2 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 1 0 0 0 0 0
 

Vote summary by issues: Commodities Fund

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 20 0 11 0 0 0
Other 0 0 0 0 0 0
Board 117 0 25 0 6 0
Capital 14 0 4 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 10 0 0 0 0 0
Political Activity 1 0 0 0 0 0
Shareholder Rights 23 0 0 0 0 0
Remuneration 13 0 23 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 4 0 0 0 0 0
 

Vote summary by issues: UBS

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 6 0 2 0 0 0
Other 0 0 0 0 0 0
Board 50 0 12 0 0 0
Capital 5 0 2 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 4 0 0 0 0 0
Political Activity 1 0 0 0 0 0
Shareholder Rights 5 0 0 0 0 0
Remuneration 6 0 7 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 3 0 0 0 0 0
 

Votes against management - by region

Region Resolutions
Asia & Oceania : Developed 6
Europe : Developed 23
Japan 9
North America 34
South & Central America 3
 

Votes withheld by manager

Company Event Date Res Num SH Res Resolution Active Monitoring List Commodities Fund UBS
Parsley Energy Inc SGM 12-Jan-21 2 - To approve the termination payments to the named executive officers that may result from the merger Against
Commercial Metals Co AGM 13-Jan-21 1 - To re-elect as a director, Vicki L. Avril-Groves Withhold
Commercial Metals Co AGM 13-Jan-21 4 - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Commercial Metals Co AGM 13-Jan-21 5 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Concho Resources Inc SGM 15-Jan-21 2 - To approve the termination payments to the named executive officers that may result from the merger Against Against
Hormel Foods Corp AGM 26-Jan-21 1.04 - To re-elect as a director, Stephen M Lacy Withhold
Hormel Foods Corp AGM 26-Jan-21 1.07 - To re-elect as a director, William A Newlands Withhold
Hormel Foods Corp AGM 26-Jan-21 1.10 - To re-elect as a director, Sally J Smith Withhold
Hormel Foods Corp AGM 26-Jan-21 1.11 - To re-elect as a director, James P Snee Withhold
Hormel Foods Corp AGM 26-Jan-21 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Hormel Foods Corp AGM 26-Jan-21 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Tyson Foods Inc AGM 11-Feb-21 1.01 - To re-elect as a director, John H Tyson Against Against
Tyson Foods Inc AGM 11-Feb-21 1.08 - To re-elect as a director, Mikel A Durham Against Against
Tyson Foods Inc AGM 11-Feb-21 3 - To adopt the Tyson Foods, Inc. 2000 Stock Incentive Plan Against Against
Tyson Foods Inc AGM 11-Feb-21 4 Y To request the Board to prepare a report to shareholders on the due diligence process assessing and mitigating human rights impacts For For
Tyson Foods Inc AGM 11-Feb-21 5 Y To request the Board to eliminate the dual class voting structure in favour of one-share one vote For For
Tyson Foods Inc AGM 11-Feb-21 6 Y To request the Board to prepare a report to shareholders on lobbying For For
Graincorp Ltd AGM 11-Feb-21 2 - To adopt the remuneration report for the year ended 30 September 2020 Against
Graincorp Ltd AGM 11-Feb-21 3 - To re-elect as a director, Daniel Mangelsdorf Against
Graincorp Ltd AGM 11-Feb-21 4a - To approve a grant of Performance Rights to Robert Spurway in respect of FY20 Against
Graincorp Ltd AGM 11-Feb-21 4b - To approve a grant of Performance Rights to Robert Spurway in respect of FY21 Against
Evoqua Water Technologies Corp AGM 16-Feb-21 1.01 - To re-elect as a director, Gary Cappeline Withhold
Evoqua Water Technologies Corp AGM 16-Feb-21 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Sanderson Farm Inc AGM 18-Feb-21 1.01 - To re-elect as a director, John Bierbusse Against
Sanderson Farm Inc AGM 18-Feb-21 1.04 - To re-elect as a director, Suzanne T. Mestayer Against
Sanderson Farm Inc AGM 18-Feb-21 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Sanderson Farm Inc AGM 18-Feb-21 3 - To ratify the appointment of Ernst & Young LLP as auditors Against
Sanderson Farm Inc AGM 18-Feb-21 4 Y To request that the Board reports on the Company’s human rights due diligence process. For
Deere & Co Inc AGM 24-Feb-21 1.07 - To re-elect as a director, John C. May Against
Deere & Co Inc AGM 24-Feb-21 1.09 - To re-elect as a director, Sherry M. Smith Against
Deere & Co Inc AGM 24-Feb-21 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Deere & Co Inc AGM 24-Feb-21 3 - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Helmerich & Payne Inc AGM 02-Mar-21 1.04 - To re-elect as a director, Hans Helmerich Against
Helmerich & Payne Inc AGM 02-Mar-21 1.08 - To re-elect as a director, Donald F. Robillard, Jr. Against
Helmerich & Payne Inc AGM 02-Mar-21 1.09 - To re-elect as a director, Edward B. Rust, Jr. Against
Helmerich & Payne Inc AGM 02-Mar-21 1.11 - To re-elect as a director, John D. Zeglis Against
Helmerich & Payne Inc AGM 02-Mar-21 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Helmerich & Payne Inc AGM 02-Mar-21 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 5 - To appropriate the profit and to approve the dividend for the year ended 31 December 2020 Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 6 - To elect as a director, Tim Dawidowsky Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 7 - To elect as a director, Mariel von Schumann Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 8 - To elect as a director, Klaus Rosenfeld Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 10 - To approve the remuneration policy of senior executives for financial years 2022, 2023 and 2024 Against
Siemens Gamesa Renewable Energy SA AGM 17-Mar-21 13 - To adopt the remuneration report for the year ended 30 September 2020 Against
Kubota Corp AGM 19-Mar-21 1.01 - To elect as a director, Masatoshi Kimata Against
Kubota Corp AGM 19-Mar-21 4 - To approve the payment of directors' bonuses Against
FLSmidth & Co AS AGM 24-Mar-21 5 - To approve the remuneration report Against
Inpex Corp AGM 25-Mar-21 1 - To appropriate the profits Against Against
Inpex Corp AGM 25-Mar-21 3.01 - To elect as a director, Toshiaki Kitamura Against Against
Inpex Corp AGM 25-Mar-21 3.12 - To elect as a director, Yasushi Kimura Against Against
Inpex Corp AGM 25-Mar-21 3.13 - To elect as a director, Kiyoshi Ogino Against Against
Inpex Corp AGM 25-Mar-21 4 - To approve the payment of directors' bonuses Against Against
Repsol SA AGM 25-Mar-21 6 - To approve the conditional distribution Against Against
Repsol SA AGM 25-Mar-21 8 - To approve a general authority to the directors to issue shares Against Against
Repsol SA AGM 25-Mar-21 17 - To adopt the remuneration report for the year ended 31 December 2020 Against Against
Repsol SA AGM 25-Mar-21 18 - To approve the guidelines for the determination of remuneration of senior executives Against Against
Sumitomo Forestry Co Ltd AGM 30-Mar-21 1 - To appropriate the profits Against
Sumitomo Forestry Co Ltd AGM 30-Mar-21 3 - To approve the payment of directors' bonuses Against
Buenaventura Mining Co Inc AGM 30-Mar-21 1 - To approve the annual report Against
Buenaventura Mining Co Inc AGM 30-Mar-21 2 - To approve the Financial Statements for the year ended on December 13 2020 Against
Buenaventura Mining Co Inc AGM 30-Mar-21 5 - To appoint an Independent Auditor for Year 2021 Against
Lundin Energy AB AGM 30-Mar-21 10 - To appropriate the profit for the year ended 31 December 2020 Against Against
Lundin Energy AB AGM 30-Mar-21 12 - To adopt the remuneration report Against Against
Lundin Energy AB AGM 30-Mar-21 16.01 - To re-elect as a director, Peggy Bruzelius Against Against
Lundin Energy AB AGM 30-Mar-21 16.02 - To re-elect as a director, Ashley Heppenstall Against Against
Lundin Energy AB AGM 30-Mar-21 16.03 - To re-elect as a director, Ian Lundin Against Against
Lundin Energy AB AGM 30-Mar-21 16.04 - To re-elect as a director, Lukas Lundin Against Against
Lundin Energy AB AGM 30-Mar-21 16.07 - To re-elect as a director, Alex Schneiter Against Against
Lundin Energy AB AGM 30-Mar-21 16.10 - To elect as a director, Adam Lundin Against Against
Lundin Energy AB AGM 30-Mar-21 24a Y To request that the Company aligns its legal defence strategy with its human rights policy For For
Lundin Energy AB AGM 30-Mar-21 24b Y To request that the Company disclose costs connected with legal defence For For
Outokumpu Oyj AGM 31-Mar-21 8 - To appropriate the profit and to approve the dividend for the year ended 31 December 2020 Against
Outokumpu Oyj AGM 31-Mar-21 10 - To approve the remuneration report Against
 

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.