NEST Voting Report for the period 01 Jan 2024 to 01 Apr 2024

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Table of Contents

 

Vote summary by region

AGM Class Court EGM GM OGM SGM Total
Africa 3 0 0 0 0 0 0 4
Asia & Oceania : Developed 27 0 0 0 0 0 0 29
Asia & Oceania : Emerging 16 0 0 0 0 0 0 235
Europe : Developed 32 0 0 0 0 0 0 41
Europe : Emerging 0 0 0 0 0 0 0 10
Japan 6 0 0 0 0 0 0 6
Latin America & Caribbean 0 0 0 0 0 0 0 6
North America 40 0 0 0 0 0 0 45
South & Central America 6 0 0 0 0 0 0 13
UK & Ireland 16 0 0 0 0 0 0 25
 

Vote summary by issues: Commodities Fund

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 6 0 0 0
Other 0 0 0 0 0 0
Board 40 0 14 0 0 0
Capital 3 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 7 0 0 0 0 0
Political Activity 0 0 1 0 0 0
Shareholder Rights 2 0 1 0 0 0
Remuneration 3 2 9 0 0 0
Charitable Activity 0 0 0 0 0 0
Sustainability 3 0 0 0 0 0
 

Vote summary by issues: HSBC

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

Vote summary by issues: NTAM

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

Vote summary by issues: UBS

  For Abstain Against Case-by-case Withhold Refer
Audit & Reporting 0 0 2 0 0 0
Other 0 0 0 0 0 0
Board 20 0 6 0 0 0
Capital 0 0 0 0 0 0
Consent Solicitation 0 0 0 0 0 0
Corporate Actions 2 0 0 0 0 0
Political Activity 0 0 1 0 0 0
Shareholder Rights 0 0 1 0 0 0
Remuneration 1 0 2 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 3
Europe : Developed 2
North America 28
 

Votes withheld by manager

Company Event Date Res Num SH Res Resolution Commodities Fund HSBC NTAM UBS
Commercial Metals Co AGM 10-Jan-24 1.03 - To re-elect as a director, Barbara Smith Against
Commercial Metals Co AGM 10-Jan-24 2 - To ratify the appointment of Deloitte & Touche LLP as auditors Against
Hormel Foods Corp AGM 30-Jan-24 1a - To re-elect as a director, Prama Bhatt Against Against
Hormel Foods Corp AGM 30-Jan-24 1b - To re-elect as a director, Gary Bhojwani Against Against
Hormel Foods Corp AGM 30-Jan-24 1h - To re-elect as a director, Sally Smith Against Against
Hormel Foods Corp AGM 30-Jan-24 1i - To re-elect as a director, James Snee Against Against
Hormel Foods Corp AGM 30-Jan-24 2 - To approve the amendment to the Certificate of Incorporation relating to the exculpation of officers as permitted by Delaware law Against Against
Hormel Foods Corp AGM 30-Jan-24 3 - To ratify the appointment of Ernst & Young LLP as auditors Against Against
Nufarm Ltd AGM 01-Feb-24 2 - To adopt the remuneration report Against
Nufarm Ltd AGM 01-Feb-24 4a - To approve a grant of Performance Rights to FY22 Against
Nufarm Ltd AGM 01-Feb-24 4b - To approve a grant of Performance Rights to FY23 Against
Pioneer Natural Resources Corp SGM 07-Feb-24 2 - To approve the compensation that may be paid or become payable to the Company’s name executive officers that is based on or otherwise related to the merger Against Against
Tyson Foods Inc AGM 08-Feb-24 1a - To re-elect as a director, John H. Tyson Against Against
Tyson Foods Inc AGM 08-Feb-24 1i - To re-elect as a director, Kevin M. McNamara Against Against
Tyson Foods Inc AGM 08-Feb-24 2 - To ratify the appointment of PricewaterhouseCoopers LLP as auditors Against Against
Tyson Foods Inc AGM 08-Feb-24 4 Y Shareholder Proposal Regarding the Company’s Labor Practices For For
Tyson Foods Inc AGM 08-Feb-24 5 Y Shareholder Proposal Regarding Deforestation-Free Supply Chains For For
Tyson Foods Inc AGM 08-Feb-24 6 Y Shareholder Proposal Regarding a Circular Economy for Packaging For For
Aurubis AG AGM 15-Feb-24 5 - To appoint as auditors, Deloitte GmbH Against
Aurubis AG AGM 15-Feb-24 6 - To approve the remuneration report Against
Helmerich & Payne Inc AGM 27-Feb-24 1d - To re-elect as a director, Randy A. Foutch Against
Helmerich & Payne Inc AGM 27-Feb-24 1e - To re-elect as a director, Hans Helmerich Against
Helmerich & Payne Inc AGM 27-Feb-24 1j - To re-elect as a director, Donald F. Robillard, Jr. Against
Helmerich & Payne Inc AGM 27-Feb-24 1k - To re-elect as a director, John D. Zeglis Against
Helmerich & Payne Inc AGM 27-Feb-24 2 - To ratify the appointment of Ernst & Young LLP as auditors Against
Helmerich & Payne Inc AGM 27-Feb-24 3 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Helmerich & Payne Inc AGM 27-Feb-24 4 - To adopt the Helmerich & Payne Inc 2024 Omnibus Incentive Plan Against
Compass Minerals International Inc AGM 05-Mar-24 1a - To re-elect as a director, Edward Dowling Against
Compass Minerals International Inc AGM 05-Mar-24 1e - To re-elect as a director, Melissa Miller Against
Compass Minerals International Inc AGM 05-Mar-24 1f - To re-elect as a director, Joseph Reece Against
Compass Minerals International Inc AGM 05-Mar-24 2 - To approve an advisory vote on the remuneration of the Company's named executive officers Against
Compass Minerals International Inc AGM 05-Mar-24 3 - To adopt the 2020 Incentive Award Plan Against
Compass Minerals International Inc AGM 05-Mar-24 4 - To ratify the appointment of KPMG LLP as auditors 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.