Topic | Subject | Resolution | Company | Meeting Date | NILGOSC Vote | Rationale |
---|---|---|---|---|---|---|
Remuneration | Remuneration – Other | To request the Board to prepare a report to shareholders on termination pay | McKesson Corp | 21/07/2023 | For | Concerns held with current remuneration policy/termination provisions. |
Remuneration | Remuneration – Other | To request the Board to prepare a report to shareholders on termination pay | Electronic Arts Inc | 10/08/2023 | For | The adoption of this proposal may lead to a strengthening in shareholders rights, greater alignment between executive compensation and shareholder interest and increased compliance with best practice. |
Remuneration | Remuneration – Other | To request the Board adopt a policy regarding shareholder ratification of termination pay | Gen Digital Inc | 12/09/2023 | For | The adoption of this proposal may lead to increased compliance with best practice. Current termination pay provisions are considered excessive. |
Shareholder Rights | General Meeting Procedures | To request the Board to take the steps necessary to amend the Bylaws so that a lower threshold is required for shareholders to call a special shareholder meeting | General Mills Inc | 26/09/2023 | For | The adoption of this proposal may lead to increased compliance with best practice. The threshold proposed by the board is considered excessive. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report to shareholders regarding pay gap | Oracle Corp | 15/11/2023 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Board | Board Composition | To request that the Board establish a policy of the Chairman being an independent director | Oracle Corp | 15/11/2023 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Ethical Business Practices | To request that the Board issue a tax transparency report | Cisco Systems Inc | 06/12/2023 | For | Adoption of this proposal may lead to increased compliance with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on gender-based compensation | Microsoft Corp | 07/12/2023 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on risk from omitting ideology in Equal Employment Opportunities (EEO) Policy | Microsoft Corp | 07/12/2023 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Other ESG | To request the Board report to shareholders on government takedown requests | Microsoft Corp | 07/12/2023 | Against | Current disclosure is considered adequate. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on risks of weapons development | Microsoft Corp | 07/12/2023 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request the Board report to shareholders on climate risks to retirement plan beneficiaries | Microsoft Corp | 07/12/2023 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Ethical Business Practices | To request the Board report to shareholders on tax transparency | Microsoft Corp | 07/12/2023 | For | Adoption of this proposal may lead to increased compliance with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on data operations in human rights hotspots | Microsoft Corp | 07/12/2023 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request a mandate for third party political reporting | Microsoft Corp | 07/12/2023 | For | Adoption of this proposal would align with best practices. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on AI Misinformation and Disinformation | Microsoft Corp | 07/12/2023 | For | Adoption of this proposal would align with best practices. Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request the Board to prepare a report to shareholders on the Ratification of Excessive Termination Pay | Micron Technology Inc | 18/01/2024 | For | Concerns held with current termination provisions. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request the Board to prepare a report to shareholders regarding fiduciary carbon-emission | Costco Wholesale Corp | 18/01/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding the exposure to oil and gas divestment | Canadian Imperial Bank of Commerce | 04/04/2024 | Against | Company’s current policy and processes are considered adequate. Proposal is not aligned with Company’s Net Zero ambition or NILGOSC policy. |
Shareholder Rights | General Meeting Procedures | To approve a shareholder proposal regarding holding annual meetings in person | Canadian Imperial Bank of Commerce | 04/04/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Ethical Business Practices | To approve a shareholder proposal regarding disclosure of non-confidential information relating to its country by country reporting | Canadian Imperial Bank of Commerce | 04/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding an advisory vote on environmental and climate objectives | Canadian Imperial Bank of Commerce | 04/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To approve a shareholder proposal regarding the review of executive compensation levels in relation to the entire workforce and public disclosure | Canadian Imperial Bank of Commerce | 04/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request a report on impact of oil and gas divestment | Bank of Nova Scotia | 09/04/2024 | Against | Company’s current policy and processes are considered adequate. Proposal is not aligned with Company’s Net Zero ambition or NILGOSC policy. |
Sustainability | Ethical Business Practices | To request that the Board disclose compensation ratios and tax havens | Bank of Nova Scotia | 09/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Bank adopt an annual advisory vote on environmental objectives | Bank of Nova Scotia | 09/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Bank disclose its clean energy supply financing ratio | Royal Bank of Canada | 11/04/2024 | Against | Company’s current disclosures are considered adequate. |
Sustainability | Environmental Practices | To request that the Bank report on exposure to oil and gas divestment | Royal Bank of Canada | 11/04/2024 | Against | Company’s current policy and processes are considered adequate. Proposal is not aligned with Company’s Net Zero ambition or NILGOSC policy. |
Remuneration | Remuneration – Other | To request that the Board review executive compensation levels in relation to the entire workforce | Royal Bank of Canada | 11/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Shareholder Rights | General Meeting Procedures | To request that shareholder meetings be held in person with virtual meetings being in addition to rather than replacement | Royal Bank of Canada | 11/04/2024 | Against | Company’s current policy and processes are considered adequate. |
Remuneration | Remuneration – Other | To request that the Bank disclose meaningful and detailed pay ratio calculations | Royal Bank of Canada | 11/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Bank report on loans granted in support of a circular economy | Royal Bank of Canada | 11/04/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request the Bank hold an annual advisory vote on environmental and climate objectives | Royal Bank of Canada | 11/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Board | Election Rules | To request that the Board introduce a resignation policy for the election of directors | Adobe Inc | 17/04/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Human Rights & Workforce | To request the Board to approve a report on hiring persons with arrest or incarceration records | Adobe Inc | 17/04/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Ethical Business Practices | To request the Articles of Association be amended regarding sales of healthier and less healthy foods | Nestlé SA | 18/04/2024 | Against | Current disclosures are considered to be sufficient. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report to shareholders on gender based compensation gaps | Johnson & Johnson Inc | 25/04/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Ethical Business Practices | To request the Board to prepare a report to shareholders on the impact of extended patent exclusivities on patient access | Johnson & Johnson Inc | 25/04/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal requesting a racial and gender pay gap report | Intuitive Surgical Inc | 25/04/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | International Business Machines Corp | 30/04/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report to shareholders on congruency in China Business Operations and ESG activities | International Business Machines Corp | 30/04/2024 | Against | Company’s current approach is considered adequate. |
Shareholder Rights | Shareholder Rights | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may act by written consent | International Business Machines Corp | 30/04/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Sustainability | Environmental Practices | To request the Board to prepare a report to shareholders on climate lobbying | International Business Machines Corp | 30/04/2024 | For | Increased transparency is considered to be in shareholders’ best interests. Aligns with NILGOSC policy on Climate risk. |
Sustainability | Environmental Practices | To request the adoption of Greenhouse Gas Emissions Targets | International Business Machines Corp | 30/04/2024 | For | Increased transparency is considered to be in shareholders’ best interests. Aligns with NILGOSC policy on Climate risk. |
Sustainability | Human Rights & Workforce | To request the Board to report on risks created by the Company’s diversity, equity and inclusion efforts | Coca-Cola Co; The | 01/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Ethical Business Practices | To request the Board to report on non-sugar sweeteners | Coca-Cola Co; The | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board to report on risks caused by the decline in the quality of accessible medical care | Coca-Cola Co; The | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request shareholder ratification of excessive golden parachutes | Pepsico Inc | 01/05/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on gender based compensation gaps | Pepsico Inc | 01/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Board | Election Rules | To request the Board adopt a director election resignation Bylaw | Pepsico Inc | 01/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Ethical Business Practices | To request a third party assessment on non-sugar sweetener risks | Pepsico Inc | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request the Board report to shareholders on biodiversity and nature loss | Pepsico Inc | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request a third party racial equity audit | Pepsico Inc | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on risks created by diversity, equity and inclusion efforts | Pepsico Inc | 01/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances over the considerations valued by investors. The previous resolution is considered to better address the issues. |
Political Activity | Political Activity | To request a global transparency report | Pepsico Inc | 01/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on the Company’s political donations | Church & Dwight Co Inc | 02/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request that the Board adopt a policy to seek shareholder approval of senior manager’s new or renewed pay package that provides for golden parachute payments | Illinois Tool Works Inc | 03/05/2024 | For | Adoption of this proposal may lead to increased compliance with best practice and increase shareholders rights. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | Abbvie Inc | 03/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | Abbvie Inc | 03/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Ethical Business Practices | To request the Board to prepare a report to shareholders on patent process | Abbvie Inc | 03/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Board reports to shareholders on reduction of Greenhouse Gas (GHG) emissions | Berkshire Hathaway Inc | 04/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Board reports to shareholders on Greenhouse Gas (GHG) emissions data by scope | Berkshire Hathaway Inc | 04/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request that the Board reports to shareholders on diversity, equity and inclusion efforts | Berkshire Hathaway Inc | 04/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request that the Board form a railroad safety committee of independent directors | Berkshire Hathaway Inc | 04/05/2024 | For | This proposal is considered to be in shareholders’ best interests as it could help improve standards and protect the company’s reputation on employee welfare. |
Sustainability | Ethical Business Practices | To request that the Board reports to shareholders on findings of the energy policy research foundation | Berkshire Hathaway Inc | 04/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. The proposal is not aligned with Company’s Net Zero ambition or NILGOSC policy. |
Sustainability | Human Rights & Workforce | To request that the Board reports to shareholders on operations effecting China | Berkshire Hathaway Inc | 04/05/2024 | Against | Company’s current approach is considered adequate. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding a report on the effectiveness of Diversity, Equity and Inclusion (DEI) efforts | Expeditors International of Washington Inc | 07/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding establishment of near and long term science based greenhouse gas reduction targets | Expeditors International of Washington Inc | 07/05/2024 | For | Proposal is aligned with best practice and NILGOSC policy on Climate Risk. |
Board | Board Composition | To request that the Board establish a policy of the Chairman being an independent director | Bristol-Myers Squibb Co | 07/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Remuneration | Remuneration – Other | To request that the Board adopt a policy requiring the 5 named executive officers (NEOs) to retain a significant percentage of stock acquired through equity pay programs | Bristol-Myers Squibb Co | 07/05/2024 | Against | Company’s current policy aligns with best practice. |
Board | Election Rules | To approve the amendment to the Company By-Laws to amend the director resignation bylaw | Packaging Corp of America | 08/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Shareholder Rights | General Meeting Procedures | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may call a special shareholder meeting | Advanced Micro Devices Inc | 08/05/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Board | Nomination & Succession | To request that the Board include one member from the company’s non-management employees | Gilead Sciences Inc | 08/05/2024 | Against | Company’s current policy and processes are considered adequate, and align with best practice. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding a report on the risks and costs to the company altering the policy in response to state regulating abortion | Gilead Sciences Inc | 08/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances over the considerations valued by investors. |
Remuneration | Remuneration – Other | To approve a shareholder proposal regarding a policy for the company’s named executive officers to retain at least 25% of net-after tax shares | Gilead Sciences Inc | 08/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders to prohibit political contributions | Verizon Communications Inc | 09/05/2024 | For | As a local government pension fund, NILGOSC does not support payments to any politically related entity. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | Verizon Communications Inc | 09/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request the Board to amend the clawback policy | Verizon Communications Inc | 09/05/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Board | Board Composition | To request that the Board establish a policy of the Chairman being an independent director | Verizon Communications Inc | 09/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Human Rights & Workforce | To request that the Board report on civil liberties in digital services | Verizon Communications Inc | 09/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Environmental Practices | To request that the Board report on lead-sheathed cable | Verizon Communications Inc | 09/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request that the Board report on political expenditures misalignment | Verizon Communications Inc | 09/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Human Rights & Workforce | To request that the Board report to shareholders on risks created by the Company’s diversity, equity, and inclusion efforts | Progressive Corp | 10/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | ConocoPhillips | 14/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Environmental Practices | To request that the Board Revisit Pay Incentives for Greenhouse Gas (GHG) Emission Reductions | ConocoPhillips | 14/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Board | Directors – Elect | To elect as a director, from among the employee shareholders, Isabelle Coron | BNP Paribas SA | 14/05/2024 | Against | Followed Management recommendation for contested election. |
Board | Directors – Elect | To elect as a director, from among the employee shareholders, Thierry Schwob | BNP Paribas SA | 14/05/2024 | Against | Followed Management recommendation for contested election. |
Board | Directors – Elect | To elect as a director, from among the employee shareholders, Frederic Mayrand | BNP Paribas SA | 14/05/2024 | Against | Followed Management recommendation for contested election. |
Sustainability | Environmental Practices | To request that the Board manage climate risk through science based targets and transition planning | Centene Corp | 14/05/2024 | For | Proposal aligns with NILGOSC policy on Climate risk. Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board report to shareholders on Equal Employment Opportunities (EEO) policy risk | BlackRock Inc | 15/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Board | Board Composition | To request that the Board establish a policy of the Chairman being an independent director | BlackRock Inc | 15/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Environmental Practices | To request that the Board report to shareholders on proxy voting record and policies for climate change related proposals | BlackRock Inc | 15/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | Verisk Analytics Inc | 15/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Environmental Practices | To request that the Board report on impact of system change scenario on the chemicals business | Phillips 66 | 15/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Board | Board Composition | To request that the Board establish a policy of the Chairman being an independent director | American International Group Inc | 15/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Board | Election Rules | To request that the Board adopt Director Resignation By-Law | American International Group Inc | 15/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Shareholder Rights | General Meeting Procedures | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may call a special shareholder meeting at a 10% ownership threshold | CBOE Global Markets Inc | 16/05/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Sustainability | Ethical Business Practices | To request that the Board adopt a policy for director transparency | Home Depot Inc; The | 16/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on the Company’s political donations | Home Depot Inc; The | 16/05/2024 | For | As a local government pension fund, NILGOSC does not support payments to any politically related entity. Increased transparency is considered to be in shareholders’ best interests. |
Charitable Activity | Charitable Engagement | To request the Board to prepare a report to shareholders on the Company’s corporate giving | Home Depot Inc; The | 16/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances over the considerations valued by investors. The previous resolution is considered to better address the issues. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding a report on respecting workforce civil liberties | Home Depot Inc; The | 16/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding biodiversity impact and dependence assessment | Home Depot Inc; The | 16/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To approve a shareholder proposal regarding enhancements to the companies clawback policy | Home Depot Inc; The | 16/05/2024 | For | Adoption of this proposal may lead to increased compliance with best practice. Concerns held with current Remuneration policy. |
Board | Board Composition | To amend the Bylaws so as to require that the Chairman of the Board shall be an independent director | O’Reilly Automotive Inc | 16/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Shareholder Rights | Shareholder Rights | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may act by written consent | Marsh & McLennan Companies Inc | 16/05/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Board | Directors – Elect | To elect as a director, from among the employee shareholders, Laurence Metzke | Capgemini SE | 16/05/2024 | Against | Followed Management recommendation for contested election. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding greenhouse gas emissions report | Chubb Ltd | 16/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. Aligns with NILGOSC policy on Climate risk. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding pay gap reporting | Chubb Ltd | 16/05/2024 | For | Adoption of this proposal may lead to increased compliance with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Board | Board Composition | To approve independent board chairman, if properly presented at the Annual Meeting | Intercontinental Exchange Inc | 17/05/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on the Company’s political donations | CDW Corp | 21/05/2024 | For | Increased transparency is considered to be in shareholders’ best interest. |
Sustainability | Other ESG | To request that the Board establish a Public Policy Committee | Amazon.com Inc | 22/05/2024 | For | Adoption of this proposal would encourage focused oversight of ESG factors, and could enhance shareholder’s rights. |
Sustainability | Other ESG | To request that the Board establish an additional board Committee to oversee financial impact of policy positions | Amazon.com Inc | 22/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Human Rights & Workforce | To request that the Board produce a report on customer due diligence | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request that the Board provide additional reporting on racial and gender pay gap | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report on viewpoint restriction | Amazon.com Inc | 22/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Environmental Practices | To request that the Board provide additional reporting on stakeholder impacts | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. Adoption of this proposal could enhance shareholder’s rights. |
Sustainability | Environmental Practices | To request the Board to prepare a report on packaging materials | Amazon.com Inc | 22/05/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request that the Board provide additional reporting on freedom of association | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request that the Board provide alternative emissions reporting | Amazon.com Inc | 22/05/2024 | For | Proposal aligns with NILGOSC policy on Climate risk. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report on customer use of certain technologies | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on the Company’s political donations | Amazon.com Inc | 22/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Other ESG | To request that the Board establish an additional board Committee to oversee artificial intelligence | Amazon.com Inc | 22/05/2024 | Against | Company’s current policy and processes are considered adequate, and align with best practice. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report to shareholders on warehouse working conditions | Amazon.com Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Other ESG | To adopt the antibiotic policy | McDonald’s Corp | 22/05/2024 | For | Increased responsibility of the Company regarding their impact on consumer’s health and the associated risks is considered to be in shareholders’ best interests. |
Sustainability | Animal Welfare | To switch to cage free hens | McDonald’s Corp | 22/05/2024 | For | Adoption of this proposal is considered to be in shareholders’ best interests. |
Sustainability | Animal Welfare | To request poultry welfare disclosure | McDonald’s Corp | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve an advisory vote on congruency analysis on human rights | McDonald’s Corp | 22/05/2024 | For | Adoption of this proposal would create consistency in the company’s human rights approach and action. |
Charitable Activity | Charitable Engagement | To approve an advisory vote on corporate giving disclosure | McDonald’s Corp | 22/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Political Activity | Political Activity | To approve an advisory vote on an annual report on global political influence | McDonald’s Corp | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve an advisory vote on pay equity disclosure | DexCom Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | DexCom Inc | 22/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To request a report on the impact of the climate change strategy | Republic Services Inc | 23/05/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Shareholder Rights | Shareholder Rights | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may act by written consent | Merck & Co Inc | 28/05/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Sustainability | Ethical Business Practices | To request the Board report on government censorship transparency | Merck & Co Inc | 28/05/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Human Rights & Workforce | To request the Board report on respecting workforce civil liberties | Merck & Co Inc | 28/05/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Human Rights & Workforce | To approve a proposal to request a report on AI | Warner Bros Discovery Inc | 03/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Shareholder Rights | General Meeting Procedures | To request the Board to take the steps necessary to amend the Bylaws so that shareholders may call a special shareholder meeting | Warner Bros Discovery Inc | 03/06/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Sustainability | Other ESG | To request that the Board establish an additional Board Committee to oversee financial impact of policy positions | Warner Bros Discovery Inc | 03/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Political Activity | Political Activity | To approve a shareholder proposal requesting a political contributions report | UnitedHealth Group Inc | 03/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request the Board to prepare a report on child labor | General Motors Co | 04/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request the Board eliminate EV targets from incentive programs | General Motors Co | 04/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. The proposal does not align with NILGOSC policy. |
Sustainability | Environmental Practices | To request the Board to prepare a report to shareholders on use of deep-sea mined minerals | General Motors Co | 04/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests and this proposal aligns with NILGOSC policy on Climate risk. |
Sustainability | Environmental Practices | To request the Board to prepare a report to shareholders on sustainability risk in the supply chain | General Motors Co | 04/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests and this proposal aligns with NILGOSC policy on Climate risk. |
Sustainability | Animal Welfare | To request the publication of targets for the transitioning from gestation crates in pork supply | Walmart Inc | 05/06/2024 | For | Increased consideration by the Company regarding their social responsibility is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request a racial equity audit | Walmart Inc | 05/06/2024 | For | Proposal aligns with best practice. Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve the human rights impact assessment | Walmart Inc | 05/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To set compensation that optimises portfolio value for shareholders | Walmart Inc | 05/06/2024 | For | Concerns held with current remuneration policy. Adoption of this proposal may lead to greater alignment between executive compensation and shareholder interest. |
Sustainability | Human Rights & Workforce | To request a report on respecting workforce civil liberties | Walmart Inc | 05/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Human Rights & Workforce | To request a workplace safety and violence review | Walmart Inc | 05/06/2024 | For | Increased disclosure on this issue is considered to be in shareholders’ best interests. |
Sustainability | Other ESG | To request that the Board establish an additional Board Committee to oversee the financial impact of policy positions | Walmart Inc | 05/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Human Rights & Workforce | To request the Board to report on Netflix’s use of artificial intelligence | Netflix Inc | 06/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Other ESG | To request the Board to create a corporate sustainability committee to oversee and review the impact of the Company’s policy positions | Netflix Inc | 06/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Board | Election Rules | To request the Board to adopt a director election resignation bylaw | Netflix Inc | 06/06/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Human Rights & Workforce | To request the Board to amend its Code of Ethics to expand the topic “Inclusive & Respectful Work Environment” | Netflix Inc | 06/06/2024 | For | Adoption of this proposal is considered to be in shareholders’ best interests. |
Shareholder Rights | General Meeting Procedures | To request the Board to take the steps necessary to amend the Bylaws so that a lower threshold is required for shareholders to call a special shareholder meeting | Netflix Inc | 06/06/2024 | For | Proposal aligns with best practice and is considered to be in shareholder’s best interests. |
Remuneration | Remuneration – Other | To approve a shareholder proposal to amend the Bylaw to approve director compensation | Alphabet Inc | 07/06/2024 | For | Adoption of this proposal would enhance shareholders’ rights. Concerns held with current Remuneration Policy. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding Equal Employment Opportunities (EEO) policy risk report | Alphabet Inc | 07/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Environmental Practices | To request a report on electromagnetic radiation and wireless technologies risks | Alphabet Inc | 07/06/2024 | Against | Company’s current policy and processes are considered adequate. |
Charitable Activity | Charitable Engagement | To request a policy for director transparency on political and charitable giving | Alphabet Inc | 07/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Environmental Practices | To request a report on climate risks to retirement plan beneficiaries | Alphabet Inc | 07/06/2024 | For | Proposal aligns with NILGOSC policy on Climate risk. Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | Alphabet Inc | 07/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Shareholder Rights | Shareholder Rights | To approve a shareholder proposal regarding equal shareholder voting | Alphabet Inc | 07/06/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Human Rights & Workforce | To request a report on reproductive healthcare misinformation risks | Alphabet Inc | 07/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding AI principles and Board oversight | Alphabet Inc | 07/06/2024 | For | Adoption of this proposal would demonstrate the company’s commitment to its social responsibilities. |
Sustainability | Human Rights & Workforce | To request a report on generative AI misinformation and disinformation risks | Alphabet Inc | 07/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To request a human rights assessment of AI-driven targeted ad policies | Alphabet Inc | 07/06/2024 | For | Adoption of this proposal would demonstrate the company’s commitment to its social responsibilities. |
Sustainability | Human Rights & Workforce | To request a report on online safety for children | Alphabet Inc | 07/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | Roper Technologies Inc | 12/06/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Board | Election Rules | To approve the reduction of director terms to one year | Tesla Inc | 13/06/2024 | For | Adoption of this proposal may lead to increased compliance with best practice. Concerns held with current Governance practices. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | Tesla Inc | 13/06/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Human Rights & Workforce | To approve the annual reporting on anti-harrassment and discrimination efforts | Tesla Inc | 13/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To adopt the freedom of association and collective bargaining policy | Tesla Inc | 13/06/2024 | For | Adoption of this proposal may lead to increased compliance with best practice and demonstrate the Company’s commitment to the wellbeing of its employees. |
Sustainability | Environmental Practices | To request a report on effects and risks associated with electromagnetic radiation and wireless technologies | Tesla Inc | 13/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Remuneration | Remuneration – Other | To request a report on metrics to assess the feasibility of integrating sustainability metrics into senior executive compensation plans | Tesla Inc | 13/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To approve a shareholder resolution regarding committing to a moratorium on sourcing minerals from deep sea mining | Tesla Inc | 13/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Political Activity | Political Activity | To request the Board to prepare a report to shareholders on lobbying | MasterCard Inc | 18/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Board | Election Rules | To request director election resignation bylaw | MasterCard Inc | 18/06/2024 | Against | Company’s current policy and processes are considered adequate. |
Sustainability | Human Rights & Workforce | To request a congruency report on privacy and human rights | MasterCard Inc | 18/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |
Sustainability | Human Rights & Workforce | To request a human rights congruency report | MasterCard Inc | 18/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Sustainability | Human Rights & Workforce | To request a report on gender-based compensation and benefit gaps | MasterCard Inc | 18/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances rather than supporting the diversity, equity and inclusion considerations valued by investors. |
Board | Directors – Elect | To elect as a member of the board, Tomoki Maeda | Nippon Telegraph & Telephone Corp | 20/06/2024 | For | Adoption of this proposal would increase the independence of the Board and thus improve Corporate Governance standards. |
Shareholder Rights | General Meeting Procedures | To request the Board to amend the governing documents to remove the supermajority voting provisions | NVIDIA Corp | 26/06/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Sustainability | Ethical Business Practices | To approve a shareholder proposal regarding a report on public health costs from the sale of tobacco | Kroger Co; The | 27/06/2024 | For | Increased responsibility of the Company regarding their social and health impact and the associated risks is considered to be in shareholders’ best interests. Increased transparency is considered to be in shareholders’ best interests. |
Charitable Activity | Charitable Engagement | To request the Board to prepare a report to shareholders on the Company’s charitable donations | Kroger Co; The | 27/06/2024 | For | Increased transparency is considered to be in shareholders’ best interests. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal regarding a living wage policy | Kroger Co; The | 27/06/2024 | For | Adoption of this proposal is considered to be in shareholders’ best interests. |
Sustainability | Environmental Practices | To approve a shareholder proposal regarding a just transition report | Kroger Co; The | 27/06/2024 | For | Increased responsibility of the Company regarding their environmental impact and the associated risks is considered to be in shareholders’ best interests. |
Board | Board Composition | To request that the Board establish a policy of separating the roles of Chairperson and Chief Executive Officer | Salesforce Inc | 27/06/2024 | For | Proposal aligns with best practice and NILGOSC policy. |
Remuneration | Remuneration – Other | To approve a stockholder proposal regarding certain executive severance arrangements | Salesforce Inc | 27/06/2024 | For | Adoption of this proposal is considered to be in shareholders’ best interests. Concerns with current remuneration policy. |
Sustainability | Human Rights & Workforce | To approve a shareholder proposal requesting a report on viewpoint restriction risks | Salesforce Inc | 27/06/2024 | Against | Proposal is at odds with generally accepted investor principles. The request could be interpreted as favouring political agendas and allegiances. |