Table Of ContentNottinghamshireCCPensionFund
Nottinghamshire CC Pension Fund
PROXY VOTING REVIEW
PERIOD 1st April 2017 to 30th June 2017
01-04-2017 to30-06-2017 1of947
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Contents
1 ResolutionAnalysis 3
1.1 Numberofmeetingsvotedbygeographicallocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
1.2 NumberofResolutionsbyVoteCategories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
1.3 Listofmeetingsnotvotedandreasonswhy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.4 Listofmeetingswithrejectedvotesandreasonswhy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.5 NumberofVotesbyRegion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
1.6 VotesMadeinthePortfolioPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
1.7 VotesMadeintheUKPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
1.8 VotesMadeintheUSPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
1.9 ShareholderVotesMadeintheUSPerResolutionCategory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
1.10 VotesMadeintheEUPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
1.11 VotesMadeintheGLPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
1.12 GeographicBreakdownofMeetingsAllSupported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
1.13 Listofallmeetingsvoted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
2 NotableOpposeVoteResultsWithAnalysis 40
3 Oppose/AbstainVotesWithAnalysis 277
4 Appendix 945
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1 Resolution Analysis
• Numberofresolutionsvoted: 9994(notethatitMAYincludenon-votingitems).
• Numberofresolutionssupportedbyclient: 6017
• Numberofresolutionsopposedbyclient: 2741
• Numberofresolutionsabstainedbyclient: 461
• NumberofresolutionsNon-voting: 347
• NumberofresolutionsWithheldbyclient: 172
• NumberofresolutionsNotSupportedbyclient: 14
1.1 Number of meetings voted by geographical location
Location NumberofMeetingsVoted
UK&BRITISHOVERSEAS 132
EUROPE&GLOBALEU 170
USA&CANADA 272
ASIA 1
JAPAN 54
TOTAL 629
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1.2 Number of Resolutions by Vote Categories
VoteCategories NumberofResolutions
For 6017
Abstain 461
Oppose 2741
Non-Voting 347
NotSupported 14
Withhold 172
USFrequencyVoteonPay 240
Withdrawn 1
TOTAL 9994
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1.3 List of meetings not voted and reasons why
Company MeetingDate Type Comment
VOLVOAB 04-04-2017 AGM Nopowerofattorney
HENKELAG&CoKGaA 06-04-2017 AGM Shareshavenovotingrights
LOREALSA 20-04-2017 AGM Zerovotableshares
SCHNEIDERELECTRICSA 25-04-2017 AGM Zerovotableshares
VIVENDISA 25-04-2017 AGM Zerovotableshares
BALLCORPORATION 26-04-2017 AGM NULL
BOUYGUESSA 27-04-2017 AGM Zerovotableshares
ESSILORINTERNATIONALSA 11-05-2017 EGM Non-votingagenda
LEARCORPORATION 18-05-2017 AGM Noballotreceived
CBSCORPORATION 19-05-2017 AGM Novotingrights
PORSCHEAUTOMOBILHOLDINGSE 30-05-2017 AGM Shareshavenovotingrights
STOAG 14-06-2017 AGM Novotingrights
AMECFOSTERWHEELERPLC 15-06-2017 AGM Zerovotableshares
TAKUMACOLTD 28-06-2017 AGM Noballotreceived
DAIWAHOUSEINDUSTRYCO 29-06-2017 AGM Noballotreceived
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1.4 List of meetings with rejected votes and reasons why
Company MeetingDate Type Comment
BONAVAAB 26-09-2016 EGM NoPOA
SWEDISHMATCHAB 16-12-2016 EGM NoPowerofAttorney
ELECTROLUXAB 23-03-2017 AGM Nopowerofattorney
HUFVUDSTADENAB 23-03-2017 AGM Nopowerofattorney
NOVONORDISKA/S 23-03-2017 AGM Nopowerofattorney
HOLMENAB 27-03-2017 AGM Nopowerofattorney
HOLMENAB 27-03-2017 AGM NoPowerofattorney
APMOLLER-MAERSKAS 28-03-2017 AGM NoPowerofAttorney
SKANDINAVISKAENSKILDABANKEN(SEB) 28-03-2017 AGM NoPowerofAttorney
ERICSSON 29-03-2017 AGM Nopowerofattorney
SKFAB 29-03-2017 AGM NoPowerofattorney
FABEGEAB 29-03-2017 AGM NoPowerofattorney
SVENSKAHANDELSBANKEN 29-03-2017 AGM Nopowerofattoney
SWEDBANKAB 30-03-2017 AGM Nopowerofattorney
SKANSKAAB 04-04-2017 AGM Nopowerofattorney
HUSQVARNAAB 04-04-2017 AGM Nopowerofattorney
BONAVAAB 04-04-2017 AGM Nopowerotattorney
VOLVOAB 04-04-2017 AGM Nopowerofattorney
AUTOLIVINC 09-05-2017 AGM NoPowerofAttorney
BILLERUDAB 10-05-2017 AGM NoPowerofAttorney
HENNES&MAURITZAB(H&M) 10-05-2017 AGM NoPowerofAttorney
SWEDISHMATCHAB 04-05-2017 AGM NoPowerofAttorney
INVESTORAB 03-05-2017 AGM NoPowerofAttorney
SANDVIKAB 27-04-2017 AGM NoPowerofAttorney
WIHLBORGSFASTIGHETERAB 26-04-2017 AGM NoPowerofAttorney
ATLASCOPCOAB 26-04-2017 AGM NoPowerofAttorney
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VESTASWINDSYSTEMSAS 06-04-2017 AGM NoPowerofAttorney
NCCAB 05-04-2017 AGM NoPowerofAttorney
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1.5 Number of Votes by Region
Not USFrequency
For Abstain Oppose Non-Voting Supported Withhold Withdrawn VoteonPay Total
UK&BRITISHOVERSEAS 1713 127 492 0 0 0 0 2 2334
EUROPE&GLOBALEU 1664 149 968 347 11 0 0 5 3144
USA&CANADA 2069 181 1203 0 3 172 1 232 3861
ASIA 7 1 4 0 0 0 0 1 13
JAPAN 564 3 75 0 0 0 0 0 642
TOTAL 6017 461 2742 347 14 172 1 240 9994
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1.6 Votes Made in the Portfolio Per Resolution Category
Portfolio
For Abstain Oppose Non-Voting NotSupported Withheld Withdrawn
AllEmployeeSchemes 30 0 11 0 0 0 0
AnnualReports 354 70 307 0 0 0 0
ArticlesofAssociation 115 5 10 0 0 0 0
Auditors 243 71 320 0 0 9 0
CorporateActions 12 0 2 0 0 0 0
CorporateDonations 46 14 0 0 0 0 0
Debt&Loans 8 0 5 0 0 0 0
Directors 3893 167 1091 0 11 163 0
Dividend 284 1 10 0 0 0 0
ExecutivePaySchemes 20 2 172 0 0 0 0
Miscellaneous 222 7 34 0 0 0 0
NEDFees 86 4 13 0 0 0 0
Non-Voting 0 0 0 347 0 0 0
SayonPay 8 114 152 0 3 0 0
ShareCapitalRestructuring 63 1 7 0 0 0 0
ShareIssue/Re-purchase 405 3 445 0 0 0 0
ShareholderResolution 225 2 162 0 0 0 1
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1.7 Votes Made in the UK Per Resolution Category
UK
For Abstain Oppose Non-Voting NotSupported Withheld Withdrawn
AnnualReports 95 4 13 0 0 0 0
RemunerationReports 34 33 46 0 0 0 0
RemunerationPolicy 2 5 67 0 0 0 0
Dividend 97 0 0 0 0 0 0
Directors 879 37 79 0 0 0 0
ApproveAuditors 45 25 46 0 0 0 0
ShareIssues 230 3 25 0 0 0 0
ShareRepurchases 12 0 107 0 0 0 0
ExecutivePaySchemes 9 2 22 0 0 0 0
All-EmployeeSchemes 15 0 1 0 0 0 0
PoliticalDonations 46 14 0 0 0 0 0
ArticlesofAssociation 13 3 0 0 0 0 0
Mergers/CorporateActions 7 0 2 0 0 0 0
MeetingNotificationrelated 96 0 0 0 0 0 0
AllOtherResolutions 133 1 84 0 0 0 0
ShareholderResolution 0 0 0 0 0 0 0
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Description:SKF AB. 29-03-2017. AGM. No Power of attorney. FABEGE AB. 29-03-2017. AGM. No Power of attorney. SVENSKA HANDELSBANKEN. 29-03-2017 significant work that Google has already done in this area, the commitments we have publicly made, the publicly available AdSense content policies,