Vote Summary Report - Schroders · CLH . Proposal Number Proposal Text Mgmt Rec Vote Instruction ....

Voting November 2019

Schroders is required to publish records of voting in order to achieve compliance with the UK Stewardship Code. According, voting in accordance with our house policy is set out on the following pages.

Vote Summary Report

Date range covered: 11/01/2019 to 11/30/2019

Austal Limited

Meeting Date: 11/01/2019 Country: Australia

Meeting Type: Annual Ticker: ASB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Remuneration Report 1

Against Against Approve the Spill Resolution 2

For For Elect Sarah Adam-Gedge as Director 3

For For Approve Rights Plan for Long and Short Term Incentives

4

For For Approve Issuance of Share Rights to Sarah Adam-Gedge

5

For For Approve Issuance of Share Rights to Chris Indermaur

6

For For Approve Issuance of LTI Rights to David Singleton

7

For For Approve Issuance of STI Rights to David Singleton

8

Collection House Limited


Meeting Type: Annual Ticker: CLH

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Michael Knox as Director For For


Against For Approve 2019 Collection House Limited

Performance Rights Plan

3

Blended Rationale: A vote AGAINST this resolution is warranted because the terms of the plan is not in line with local market standards.Accelerated vesting used in a change in control

Against For Approve Issuance of Performance Rights to

Anthony Rivas

4

Blended Rationale: A vote AGAINST this resolution is warranted given that the terms of the grant are not in line with local market standards.Accelerated vesting used in a change in control

Vote Summary Report


Yanzhou Coal Mining Company Limited

Meeting Date: 11/01/2019 Country: China

Meeting Type: Special Ticker: 1171

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve 2019 Interim Profit Distribution Plan For For

Against For Approve Financial Services Agreement, Major and Continuing Connected Transactions, Annual

Caps and Related Transactions

2

Voter Rationale: the proposed related-party transaction may increase the company's exposure to unnecessary risks

Blended Rationale: the proposed related-party transaction may increase the company's exposure to unnecessary risks

FIBI Holdings Ltd.

Meeting Date: 11/04/2019 Country: Israel

Meeting Type: Annual Ticker: FIBIH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Reelect Gil Bino as Director For For

For For Reelect Gary Stock as Director 1.2

For For Reelect Dafna Bino Or as Director 1.3

For For Reelect Harry Cooper as Director 1.4

For For Reelect Debbie Saperia as Director 1.5

For For Reappoint Somekh Chaikin as Auditors and

Authorize Board to Fix Their Remuneration

2

For For Elect Mordechai Meir as External Director 5

For For Approve Amended Compensation Policy for the

Directors and Officers of the Company

6

Against None Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager

A

Against None If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.

B1

Vote Summary Report


FIBI Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against None If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR.

Otherwise, vote against.

B2

For None If you are an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.

B3

Amcor plc

Meeting Date: 11/05/2019 Country: Jersey

Meeting Type: Annual Ticker: AMCR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Graeme Liebelt For For

For For Elect Director Armin Meyer 1b

For For Elect Director Ronald Delia 1c

For For Elect Director Andrea Bertone 1d

For For Elect Director Karen Guerra 1e

For For Elect Director Nicholas (Tom) Long 1f

For For Elect Director Arun Nayar 1g

For For Elect Director Jeremy Sutcliffe 1h

For For Elect Director David Szczupak 1i

For For Elect Director Philip Weaver 1j

For For Ratify PricewaterhouseCoopers LLP as Auditors 2

Against For Advisory Vote to Ratify Named Executive

Officers' Compensation

3

Voter Rationale: The minimum vesting period is less than three years.

Blended Rationale: The minimum vesting period is less than three years.

One Year One Year Advisory Vote on Say on Pay Frequency 4

Vote Summary Report


Eurocommercial Properties NV

Meeting Date: 11/05/2019 Country: Netherlands

Meeting Type: Annual Ticker: ECMPA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3 Adopt Financial Statements and Statutory Reports

For For

For For Approve Dividends of EUR 0.218 Per Share and EUR 2.18 per Depositary Receipt

4A

For For Approve Discharge of Management Board 5

For For Approve Discharge of Supervisory Board 6

For For Elect K. Laglas to Supervisory Board 7A

For For Approve Remuneration of Supervisory Board 8

For For Approve Remuneration Policy for Management Board

9

For For Ratify KPMG as Auditors 10

For For Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Exclude

Pre-emptive Rights

11

For For Authorize Repurchase of Shares and/or Depositary Receipts

12

KLA Corporation

Meeting Date: 11/05/2019 Country: USA

Meeting Type: Annual Ticker: KLAC

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Edward Barnholt For For

For For Elect Director Robert Calderoni 1.2

For For Elect Director Jeneanne Hanley 1.3

For For Elect Director Emiko Higashi 1.4

For For Elect Director Kevin Kennedy 1.5

For For Elect Director Gary Moore 1.6

For For Elect Director Kiran Patel 1.7

Vote Summary Report


KLA Corporation Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Victor Peng 1.8

For For Elect Director Robert Rango 1.9

For For Elect Director Richard Wallace 1.10


Against For Advisory Vote to Ratify Named Executive Officers' Compensation

3


Lam Research Corporation


Meeting Type: Annual Ticker: LRCX

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Sohail U. Ahmed For For

For For Elect Director Timothy M. Archer 1.2

For For Elect Director Eric K. Brandt 1.3

For For Elect Director Michael R. Cannon 1.4

For For Elect Director Youssef A. El-Mansy 1.5

For For Elect Director Catherine P. Lego 1.6

For For Elect Director Bethany J. Mayer 1.7

For For Elect Director Abhijit Y. Talwalkar 1.8

For For Elect Director Lih Shyng (Rick L.) Tsai 1.9

For For Elect Director Leslie F. Varon 1.10



2

Blended Rationale: The minimum vesting period is less than three years.A vote AGAINST this proposal is warranted. The short-term program relies heavily on individual performance assessments, which is increasingly rare for S&P 500 companies. Further, the financial goal in the STI program was set below last year's performance level, while payouts were above target. Moreover, the internally promoted CEO received entirely time-based promotional awards and the CFO received a sizable time-based retention grant as well. Both grants have relatively short vesting periods, limiting their retentive value. Additionally, investors generally prefer for at least a portion of special grants to maintain pre-set performance criteria.

For For Ratify Ernst & Young LLP as Auditors 3

Vote Summary Report


Low & Bonar Plc

Meeting Date: 11/05/2019 Country: United Kingdom

Meeting Type: Special Ticker: LWB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Matters Relating to the Recommended Cash Acquisition of Low & Bonar plc by FV

Beteiligungs-GmbH

For For

Low & Bonar Plc


Meeting Type: Court Ticker: LWB

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Scheme of Arrangement For For

PNC Funds


Meeting Type: Special Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Reorganization of Funds between PNC Government Money Market Fund and Federated

Government Obligations Fund

For For

S.N.G.N. Romgaz S.A

Meeting Date: 11/05/2019 Country: Romania

Meeting Type: Special Ticker: SNG

Vote Summary Report


S.N.G.N. Romgaz S.A

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Gas Sale and Purchase Agreement with

SC Electrocentrale Bucuresti SA

For For

For For Authorize Filing of Required Documents/Other

Formalities

2

Trakya Cam Sanayii AS

Meeting Date: 11/05/2019 Country: Turkey

Meeting Type: Special Ticker: TRKCM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Presiding Council of Meeting and Authorize Presiding Council to Sign Minutes of Meeting

For For

For For Amend Company Articles 2

Wilmington plc


Meeting Type: Annual Ticker: WIL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Accept Financial Statements and Statutory

Reports

For For


For For Approve Final Dividend 3

For For Re-elect Martin Morgan as Director 4

For For Elect Mark Milner as Director 5

For For Re-elect Richard Amos as Director 6

For For Re-elect Derek Carter as Director 7

For For Re-elect Nathalie Schwarz as Director 8

Vote Summary Report


Wilmington plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Re-elect Paul Dollman as Director 9

For For Appoint Grant Thornton UK LLP as Auditors 10

For For Authorise Board to Fix Remuneration of Auditors 11

For For Authorise Issue of Equity 12

For For Authorise Issue of Equity without Pre-emptive Rights

13

For For Authorise Market Purchase of Ordinary Shares 14

For For Authorise the Company to Call General Meeting with Two Weeks' Notice

15

Yuexiu Transport Infrastructure Limited

Meeting Date: 11/05/2019 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Agreement Entered into Between Guangzhou Yue Xiu Enterprises (Holding) Limited and Guangzhou Yueda Investment

Company Limited and Related Transactions

For For

Adtalem Global Education Inc.


Meeting Type: Annual Ticker: ATGE

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Steven M. Altschuler For For

For For Elect Director William W. Burke 1.2

For For Elect Director Donna J. Hrinak 1.3

For For Elect Director Georgette Kiser 1.4

For For Elect Director Lyle Logan 1.5

For For Elect Director Michael W. Malafronte 1.6

Vote Summary Report


Adtalem Global Education Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Lisa W. Wardell 1.7

For For Elect Director James D. White 1.8


For For Advisory Vote to Ratify Named Executive Officers' Compensation

3

For For Approve Qualified Employee Stock Purchase Plan

4

Anhui Zhongding Sealing Parts Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Change in Partial Raised Funds

Investment Project

For For

For For Approve Change in Usage of Raised Funds to

Acquire Equity and Capital Increase

2

For For Approve Guarantee Provision Plan 3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Change in Partial Raised Funds Investment Project

1

For For Approve Change in Usage of Raised Funds to Acquire Equity and Capital Increase

2

For For Approve Guarantee Provision Plan 3

Aveo Group


Meeting Type: Court Ticker: AOG

Vote Summary Report


Aveo Group

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Scheme of Arrangement in Relation to the Proposed Acquisition of the Company by Hydra RL BidCo Pty Ltd

For For

For For Approve Amendment of the Aveo Group Trust

Constitution

1

For For Approve Acquisition of Aveo Group Trust Units 2

Boral Limited


Meeting Type: Annual Ticker: BLD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2.1 Elect Eileen Doyle as Director For For

For For Elect Karen Moses as Director 2.2

Against For Approve Remuneration Report 3

Voter Rationale: NTA growth bottom quartile

Blended Rationale: NTA growth bottom quartile

For For Approve Grant of Long-Term Incentive Rights to Mike Kane

4

Cardinal Health, Inc.


Meeting Type: Annual Ticker: CAH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Colleen F. Arnold For For

For For Elect Director Carrie S. Cox 1.2

For For Elect Director Calvin Darden 1.3

Vote Summary Report


Cardinal Health, Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Bruce L. Downey 1.4

For For Elect Director Patricia A. Hemingway Hall 1.5

For For Elect Director Akhil Johri 1.6

For For Elect Director Michael C. Kaufmann 1.7

For For Elect Director Gregory B. Kenny 1.8

For For Elect Director Nancy Killefer 1.9

For For Elect Director J. Michael Losh 1.10

For For Elect Director Dean A. Scarborough 1.11

For For Elect Director John H. Weiland 1.12



3


Corporate Travel Management Limited


Meeting Type: Annual Ticker: CTD

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve the Remuneration Report None For

For For Elect Laura Ruffles as Director 2

For For Elect Ewen Crouch as Director 3

For For Elect Sophie Mitchell as Director 4

For None Approve Issuance of Share Appreciation Rights

to Laura Ruffles

5

For None Approve Share Appreciation Rights Plan 6

For None Approve the Increase in Non-Executive

Directors' Fee Pool

7

For For Approve Proportional Takeover Provisions 8

Vote Summary Report


Decmil Group Ltd.


Meeting Type: Annual Ticker: DCG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Remuneration Report For For

For For Elect David Saxelby as Director 2

For For Elect Bill Healy as Director 3

For For Approve Issuance of Performance Rights to Dickie Dique

4

Estia Health Ltd.


Meeting Type: Annual Ticker: EHE

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Gary Weiss as Director 3

For For Elect Paul Foster as Director 4

For For Approve Grant of Performance Rights to Ian

Thorley

5

For For Approve the Increase in Maximum Aggregate

Remuneration of Non-Executive Directors

6

Jumbo SA

Meeting Date: 11/06/2019 Country: Greece

Meeting Type: Annual Ticker: BELA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports

For For

For For Approve Allocation of Income and Dividends 2

Vote Summary Report


Jumbo SA Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Director Remuneration 3

For For Approve Discharge of Board and Auditors 4

Against For Approve Remuneration Policy 5

Voter Rationale: There are no variable incentives.

Blended Rationale: There are no variable incentives.

Against For Elect Directors (Bundled) 6

Voter Rationale: Poor attendance of the chairman.

Blended Rationale: Poor attendance of the chairman.

For For Elect Members of Audit Committee 7

For For Change Fiscal Year End 8

For For Amend Company Articles 9

Against For Approve Auditors and Fix Their Remuneration 10

Voter Rationale: Audit fees are not disclosed.

Blended Rationale: Audit fees are not disclosed.

Redrow Plc


Meeting Type: Annual Ticker: RDW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Re-elect John Tutte as Director 3

For For Elect Matthew Pratt as Director 4

For For Re-elect Barbara Richmond as Director 5

For For Re-elect Nick Hewson as Director 6

For For Re-elect Sir Michael Lyons as Director 7

For For Re-elect Vanda Murray as Director 8

For For Appoint KPMG LLP as Auditors 9

Vote Summary Report


Redrow Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction





13

For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or

Other Capital Investment

14


15

Schroder Japan Growth Fund Plc


Meeting Type: Annual Ticker: SJG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For



For For Re-elect Anja Balfour as Director 4

For For Re-elect Alan Gibbs as Director 5

For For Re-elect Richard Greer as Director 6

For For Re-elect Belinda Richards as Director 7

For For Approve Continuation of Company as

Investment Trust

8

For For Appoint Deloitte LLP as Auditors 9



For For Authorise Issue of Equity without Pre-emptive

Rights

12


Vote Summary Report


Sinopec Oilfield Service Corporation



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Provision of Counter-Guarantee to China Petrochemical Corporation

For For

For For Approve Fulfillment of Undertakings Related to the Exploration IV Drill Rig

2

For For Approve Amendments to Articles of Association 3

AVI Ltd.

Meeting Date: 11/07/2019 Country: South Africa

Meeting Type: Annual Ticker: AVI

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports for the Year Ended 30 June 2019

For For

For For Reappoint Ernst & Young Inc as Auditors of the

Company

2

For For Re-elect James Hersov as Director 3

For For Re-elect Michael Koursaris as Director 4

For For Re-elect Simon Crutchley as Director 5

For For Elect Alexandra Muller as Director 6

For For Re-elect Michael Bosman as Chairman of the

Audit and Risk Committee

7

For For Re-elect James Hersov as Member of the Audit

and Risk Committee

8

For For Elect Alexandra Muller as Member of the Audit

and Risk Committee

9

For For Approve Fees Payable to the Current Non-executive Directors, Excluding the Chairman of the Board and the Foreign Non-executive Director, Adriaan Nuhn

10

For For Approve Fees Payable to the Chairman of the

Board

11

For For Approve Fees Payable to the Foreign

Non-executive Director, Adriaan Nuhn

12

Vote Summary Report


AVI Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Fees Payable to the Members of the Remuneration, Nomination and Appointments

Committee

13

For For Approve Fees Payable to the Members of the Audit and Risk Committee

14

For For Approve Fees Payable to the Members of the Social and Ethics Committee

15

For For Approve Fees Payable to the Chairman of the Remuneration, Nomination and Appointments

Committee

16

For For Approve Fees Payable to the Chairman of the Audit and Risk Committee

17

For For Approve Fees Payable to the Chairman of the Social and Ethics Committee

18

For For Authorise Repurchase of Issued Share Capital 19

For For Approve Remuneration Policy 20

For For Approve Implementation Report 21

BHP Group Limited


Meeting Type: Annual Ticker: BHP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For

For For Appoint Ernst & Young as Auditor of the

Company

2

For For Authorize the Risk and Audit Committee to Fix

Remuneration of the Auditors

3

For For Approve General Authority to Issue Shares in

BHP Group Plc

4


BHP Group Plc for Cash

5

For For Approve the Repurchase of Shares in BHP

Group Plc

6


For For Approve Remuneration Report for UK Law

Purposes

8

Vote Summary Report


BHP Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Remuneration Report for Australian Law Purposes

9

For For Approve the Grant of Awards to Andrew Mackenzie

10

For For Elect Ian Cockerill as Director 11

For For Elect Susan Kilsby as Director 12

For For Elect Terry Bowen as Director 13

For For Elect Malcolm Broomhead as Director 14

For For Elect Anita Frew as Director 15

For For Elect Andrew Mackenzie as Director 16

For For Elect Lindsay Maxsted as Director 17

For For Elect John Mogford as Director 18

For For Elect Shriti Vadera as Director 19

For For Elect Ken MacKenzie as Director 20

Against Against Amend Constitution of BHP Group Limited 21

Against Against Approve Suspension of Memberships of Industry Associations That Are Involved in Lobbying Inconsistent with the Goals of the Paris Agreement

22

BHP Group Limited


Meeting Type: Annual Ticker: BHP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For


Company

2

For For Authorize the Risk and Audit Committee to Fix

Remuneration of the Auditors

3


BHP Group Plc

4


BHP Group Plc for Cash

5

Vote Summary Report


BHP Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve the Repurchase of Shares in BHP Group Plc

6


For For Approve Remuneration Report for UK Law Purposes

8

For For Approve Remuneration Report for Australian Law Purposes

9

For For Approve the Grant of Awards to Andrew Mackenzie

10

For For Elect Ian Cockerill as Director 11

For For Elect Susan Kilsby as Director 12

For For Elect Terry Bowen as Director 13

For For Elect Malcolm Broomhead as Director 14

For For Elect Anita Frew as Director 15

For For Elect Andrew Mackenzie as Director 16

For For Elect Lindsay Maxsted as Director 17

For For Elect John Mogford as Director 18

For For Elect Shriti Vadera as Director 19

For For Elect Ken MacKenzie as Director 20

Against Against Amend Constitution of BHP Group Limited 21

Against Against Approve Suspension of Memberships of Industry Associations That Are Involved in Lobbying Inconsistent with the Goals of the Paris Agreement

22

City Lodge Hotels Ltd.


Meeting Type: Annual Ticker: CLH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



For For

For For Re-elect Frank Kilbourn as Director 2.1

For For Re-elect Sizakele Marutlulle as Director 2.2

Vote Summary Report


City Lodge Hotels Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Re-elect Vincent Rague as Director 2.3

For For Reappoint KPMG Inc as Auditors of the Company with Dwight Thompson as the Designated Partner and Authorise Their Remuneration

3

For For Re-elect Stuart Morris as Chairman of the Audit Committee

4.1

For For Re-elect Deon Huysamer as Member of the Audit Committee

4.2

For For Re-elect Frank Kilbourn as Member of the Audit Committee

4.3

For For Re-elect Ndumi Medupe as Member of the Audit Committee

4.4

For For Authorise Ratification of Approved Resolutions 5

For For Approve Remuneration Policy 6.1

For For Approve Implementation Report 6.2

For For Approve Fees of Chairman of the Board 7.1

For For Approve Fees of Lead Independent Director 7.2

For For Approve Fees for Services as a Director 7.3

For For Approve Fees of Chairman of the Audit Committee

7.4

For For Approve Fees of Other Audit Committee Members

7.5

For For Approve Fees of Chairman of the Remuneration Committee

7.6

For For Approve Fees of Other Remuneration Committee Members

7.7

For For Approve Fees of Chairman of the Risk Committee

7.8

For For Approve Fees of Other Risk Committee Members

7.9

For For Approve Fees of Chairman of the Social and Ethics Committee

7.10

For For Approve Fees of Ad hoc/Temporary Committee 7.11

For For Approve Financial Assistance in Terms of Sections 44 and 45 of the Companies Act

8


Vote Summary Report


Country Garden Services Holdings Company Limited

Meeting Date: 11/07/2019 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Proposed Amendment to Terms of the Share Option Scheme

For Against

Voter Rationale: Some of the beneficiaries of the scheme are also involved in its administration.

Blended Rationale: Some of the beneficiaries of the scheme are also involved in its administration.

Downer EDI Limited


Meeting Type: Annual Ticker: DOW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect Peter Watson as Director For For

For For Elect Teresa Handicott as Director 2b

For For Elect Charles Grant Thorne as Director 2c


Voter Rationale: Bottom Quartile NTA growth over 5 years

Blended Rationale: Bottom Quartile NTA growth over 5 years

Against For Approve Grant of Performance Rights to Grant

Fenn

4

Voter Rationale: The value of the LTI grant at $2,000,000 is excessive compared to Australian-peer companies.

Blended Rationale: The value of the LTI grant at $2,000,000 is excessive compared to Australian-peer companies.

For For Approve Reinsertion of the Proportional

Takeover Provisions

5

Eutelsat Communications SA

Meeting Date: 11/07/2019 Country: France

Meeting Type: Annual/Special Ticker: ETL

Vote Summary Report


Eutelsat Communications SA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Financial Statements and Statutory

Reports

For For

For For Approve Consolidated Financial Statements and

Statutory Reports

2

For For Approve Auditors' Special Report on

Related-Party Transactions

3

For For Approve Allocation of Income and Dividends of

EUR 1.27 per Share

4

For For Elect Cynthia Gordon as Director 5

For For Reelect Ana Garcia Fau as Director 6

For For Approve Compensation of Dominique D Hinnin,

Chairman of the Board

7

For For Approve Compensation of Rodolphe Belmer,

CEO

8

For For Approve Compensation of Michel Azibert,

Vice-CEO

9

For For Approve Compensation of Yohann Leroy,

Vice-CEO

10

For For Approve Remuneration Policy of Chairman of

the Board

11

Against For Approve Remuneration Policy of CEO 12

Voter Rationale: Lack of disclosure around new CSR target in the bonus and the LTIP.

Blended Rationale: Lack of disclosure around new CSR target in the bonus and the LTIP.

Against For Approve Remuneration Policy of Vice-CEOs 13

Voter Rationale: Lack of disclosure around new CSR target in the bonus and the LTIP.

Blended Rationale: Lack of disclosure around new CSR target in the bonus and the LTIP.

For For Authorize Repurchase of Up to 10 Percent of

Issued Share Capital

14

For For Authorize Decrease in Share Capital via

Cancellation of Repurchased Shares

15

For For Authorize Capitalization of Reserves of Up to EUR 44 Million for Bonus Issue or Increase in Par Value

16

For For Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 44 Million

17

For For Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 22 Million

18

Vote Summary Report


Eutelsat Communications SA Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to

Aggregate Nominal Amount of EUR 22 Million

19

For For Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to

Issue Authority without Preemptive Rights

20

For For Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation

Submitted to Shareholder Vote Above

21

For For Authorize Capital Increase of Up to EUR 22 Million for Future Exchange Offers

22

For For Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind

23

For For Authorize Issuance of Equity upon Conversion of a Subsidiary's Equity-Linked Securities for Up to

EUR 22 Million

24

For For Authorize Capital Issuances for Use in Employee Stock Purchase Plans

25

For For Authorize Filing of Required Documents/Other Formalities

26

Extreme Networks, Inc.


Meeting Type: Annual Ticker: EXTR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Charles P. Carinalli For For

For For Elect Director Kathleen M. Holmgren 1.2

For For Elect Director Rajendra Khanna 1.3

For For Elect Director Edward H. Kennedy 1.4

For For Elect Director Edward B. Meyercord 1.5

For For Elect Director John C. Shoemaker 1.6

For For Elect Director Ingrid J. Burton 1.7

For For Advisory Vote to Ratify Named Executive


2

For For Ratify KPMG LLP as Auditors 3

Vote Summary Report


Extreme Networks, Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Amend NOL Rights Plan (NOL Pill) 4

For For Amend Omnibus Stock Plan 5

Hugel, Inc.

Meeting Date: 11/07/2019 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Reduction in Capital For For

Maxim Integrated Products, Inc.


Meeting Type: Annual Ticker: MXIM

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director William (Bill) P. Sullivan For For

For For Elect Director Tunc Doluca 1b

For For Elect Director Tracy C. Accardi 1c

For For Elect Director James R. Bergman 1d

For For Elect Director Joseph R. Bronson 1e

For For Elect Director Robert E. Grady 1f

For For Elect Director Mercedes Johnson 1g

For For Elect Director William D. Watkins 1h

For For Elect Director MaryAnn Wright 1i



3

Vote Summary Report


Medusa Mining Limited


Meeting Type: Annual Ticker: MML

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Roy Daniel as Director For Against

Voter Rationale: Lack of independence on the board.

Blended Rationale: Lack of independence on the board.

For None Approve Remuneration Report 2


Nationwide Building Society


Meeting Type: Bondholder Ticker: NBS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extraordinary Resolution as per

Meeting Notice

For For

SKSHU Paint Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Hong Jie as Non-Independent Director For For

For For Elect Lin Lizhong as Non-Independent Director 1.2

For For Elect Zhu Qifeng as Non-Independent Director 1.3

For For Elect Mi Li as Non-Independent Director 1.4

For For Elect Qu Xiaohui as Independent Director 2.1

For For Elect Shen Weitao as Independent Director 2.2

Vote Summary Report


SKSHU Paint Co., Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Zhu Yansheng as Independent Director 2.3

For For Elect Huang Zhisheng as Supervisor 3.1

For For Elect Cai Weiting as Supervisor 3.2

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Hong Jie as Non-Independent Director 1.1

For For Elect Lin Lizhong as Non-Independent Director 1.2

For For Elect Zhu Qifeng as Non-Independent Director 1.3

For For Elect Mi Li as Non-Independent Director 1.4

For For Elect Qu Xiaohui as Independent Director 2.1

For For Elect Shen Weitao as Independent Director 2.2

For For Elect Zhu Yansheng as Independent Director 2.3

For For Elect Huang Zhisheng as Supervisor 3.1

For For Elect Cai Weiting as Supervisor 3.2

Spark New Zealand Ltd.

Meeting Date: 11/07/2019 Country: New Zealand

Meeting Type: Annual Ticker: SPK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorize Board to Fix Remuneration of the Auditors

For For

For For Elect Justine Smyth as Director 2

For For Elect Warwick Bray as Director 3

For For Elect Jolie Hodson as Director 4

For For Adopt New Constitution 5

Vote Summary Report


Sun Hung Kai Properties Limited

Meeting Date: 11/07/2019 Country: Hong Kong

Meeting Type: Annual Ticker: 16

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Kwok Kai-Chun, Geoffrey as Director 3.1a

For For Elect Wu Xiang-Dong as Director 3.1b

For For Elect Kwok Ping-Luen, Raymond as Director 3.1c

For For Elect Wong Chik-Wing, Mike as Director 3.1d

For For Elect Li Ka-Cheung, Eric as Director 3.1e

For For Elect Leung Ko May-Yee, Margaret as Director 3.1f

For For Elect Kwok Kai-Wang, Christopher as Director 3.1g

For For Elect Tung Chi-Ho, Eric as Director 3.1h

For For Approve Directors' Fees 3.2

For For Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration

4

For For Authorize Repurchase of Issued Share Capital 5

Against For Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights

6

Voter Rationale: Dilution limit is not disclosed.

Blended Rationale: Dilution limit is not disclosed.

Against For Authorize Reissuance of Repurchased Shares 7

Voter Rationale: Dilution limit is not disclosed.

Blended Rationale: Dilution limit is not disclosed.

Tapestry, Inc.


Meeting Type: Annual Ticker: TPR

Vote Summary Report


Tapestry, Inc.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1A Elect Director Darrell Cavens For For

For For Elect Director David Denton 1B

For For Elect Director Anne Gates 1C

For For Elect Director Andrea Guerra 1D

For For Elect Director Susan Kropf 1E

For For Elect Director Annabelle Yu Long 1F

For For Elect Director Ivan Menezes 1G

For For Elect Director Jide Zeitlin 1H

For For Ratify Deloitte & Touche LLP as Auditors 2



3


Against For Amend Omnibus Stock Plan 4

Blended Rationale: The dilution exceeds 10 percent.The minimum vesting period is less than three years.

Truworths International Ltd.


Meeting Type: Annual Ticker: TRU

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction



For For

For For Re-elect Rob Dow as Director 2.1

For For Re-elect Michael Thompson as Director 2.2

For For Re-elect Doug Dare as Director 2.3

For For Re-elect Roddy Sparks as Director 2.4

For For Elect Sarah Proudfoot as Director 2.5

For For Elect Cindy Hess as Director 2.6

For For Authorise Board to Issue Shares for Cash 3

Vote Summary Report


Truworths International Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Reappoint Ernst & Young Inc as Auditors of the Company and Appoint Pierre du Plessis as the Registered Auditor and Authorise Their Remuneration

5

For For Approve Fees of the Non-executive Chairman 6.1

For For Approve Fees of the Non-executive Directors 6.2

For For Approve Fees of the Audit Committee Chairman 6.3

For For Approve Fees of the Audit Committee Member 6.4

For For Approve Fees of the Remuneration Committee Chairman

6.5

For For Approve Fees of the Remuneration Committee Member

6.6

For For Approve Fees of the Risk Committee Member (Non-executive Only)

6.7

For For Approve Fees of the Nomination Committee Chairman

6.8

For For Approve Fees of the Nomination Committee Member

6.9

For For Approve Fees of the Social and Ethics Committee Chairman

6.10

For For Approve Fees of the Social and Ethics Committee Member (Non-executive Only)

6.11

For For Re-elect Roddy Sparks as Member of the Audit Committee

7.1

For For Re-elect Michael Thompson as Member of the Audit Committee

7.2

For For Re-elect Rob Dow as Member of the Audit Committee

7.3

Against For Approve Remuneration Policy 8.1

Voter Rationale: Dividend accruals for unvested performance shares have been introduced under the policy

Blended Rationale: Dividend accruals for unvested performance shares have been introduced under the policy

For For Approve Implementation Report 8.2

For For Approve Social and Ethics Committee Report 9

For For Re-elect Michael Thompson as Member of the Social and Ethics Committee

10.1

For For Elect Maya Makanjee as Member of the Social and Ethics Committee

10.2

For For Re-elect David Pfaff as Member of the Social and Ethics Committee

10.3

Vote Summary Report


Truworths International Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Financial Assistance to Related or Inter-related Company

11

China Pacific Insurance (Group) Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Issuance and Admission of GDRs For Abstain

Voter Rationale: May not be in the best interests for shareholders.

Blended Rationale: May not be in the best interests for shareholders.

Abstain For Approve Validity Period of the Resolutions in Respect of the Issuance and Admission of GDRs

2



Abstain For Authorize Board to Deal with All Matters in Relation to the Issuance and Admission of GDRs

3



Abstain For Approve Distribution of Accumulated Profits Prior to the Issuance and Admission of GDRs

4



Abstain For Approve Plan for the Use of Proceeds from the Issuance and Admission of GDRs

5



Abstain For Approve Purchase of Prospectus Liability Insurance for Directors, Supervisors and Senior

Management Members

6



Vote Summary Report


China Pacific Insurance (Group) Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Issuance and Admission of GDRs 1

For For Approve Validity Period of the Resolutions in

Respect of the Issuance and Admission of GDRs

2

For For Authorize Board to Deal with All Matters in

Relation to the Issuance and Admission of GDRs

3

For For Approve Distribution of Accumulated Profits

Prior to the Issuance and Admission of GDRs

4

For For Approve Plan for the Use of Proceeds from the

Issuance and Admission of GDRs

5

For For Approve Purchase of Prospectus Liability Insurance for Directors, Supervisors and Senior Management Members

6

Future Retail Limited

Meeting Date: 11/08/2019 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Material Related Party Transactions For Against

Voter Rationale: Lack of disclosure so unable to make an informed decision.

Blended Rationale: Lack of disclosure so unable to make an informed decision.

Grupo Financiero Inbursa SAB de CV

Meeting Date: 11/08/2019 Country: Mexico

Meeting Type: Special Ticker: GFINBURO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Article 2 For For

For For Authorize Board to Ratify and Execute Approved

Resolutions

2

Vote Summary Report


Grupo Financiero Inbursa SAB de CV


Meeting Type: Special Ticker: GFINBURO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect or Ratify Directors and Company Secretary For For

For For Elect or Ratify Members of Corporate Practices and Audit Committees

2

For For Authorize Board to Ratify and Execute Approved Resolutions

3

Pernod Ricard SA


Meeting Type: Annual/Special Ticker: RI

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Financial Statements and Statutory

Reports

For For

For For Approve Consolidated Financial Statements and

Statutory Reports

2


EUR 3.12 per Share

3

For For Approve Auditors' Special Report on

Related-Party Transactions

4

For For Reelect Kory Sorenson as Director 5

For For Elect Esther Berrozpe Galindo as Director 6

For For Elect Philippe Petitcolin as Director 7

For For Approve Remuneration of Directors in the

Aggregate Amount of EUR 1.25 Million

8

For For Approve Compensation of Alexandre Ricard,

Chairman and CEO

9

Against For Approve Remuneration Policy for Alexandre

Ricard, Chairman and CEO

10

Voter Rationale: Targets lack stretch. There is also the possibility that over-performance in qualitative criteria could compensate for under-performance in quantitative criteria.

Blended Rationale: Targets lack stretch. There is also the possibility that over-performance in qualitative criteria could compensate for under-performance in quantitative criteria.

Vote Summary Report


Pernod Ricard SA Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Authorize Repurchase of Up to 10 Percent of Issued Share Capital

11

For For Authorize Decrease in Share Capital via Cancellation of Repurchased Shares

12

For For Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to


13

For For Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to


14

For For Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation

Submitted to Shareholder Vote Above

15

For For Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to


16

For For Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind

17

For For Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Exchange Offers

18

For For Authorize Capitalization of Reserves of Up to EUR 135 Million for Bonus Issue or Increase in

Par Value

19

For For Authorize up to 1.5 Percent of Issued Capital for Use in Restricted Stock Plans

20

For For Authorize up to 1.5 Percent of Issued Capital for Use in Stock Option Plans

21

For For Authorize Capital Issuances for Use in Employee Stock Purchase Plans

22

For For Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of

the Group's Subsidiaries

23

For For Amend Article 16 of Bylaws Re: Employee Representative

24

For For Authorize Filing of Required Documents/Other Formalities

25

Raven Property Group Ltd.

Meeting Date: 11/08/2019 Country: Guernsey

Meeting Type: Special Ticker: RAV

Vote Summary Report


Raven Property Group Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Market Purchase of Ordinary Shares

Pursuant to the Tender Offer

For For

Swick Mining Services Ltd.


Meeting Type: Annual Ticker: SWK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect David Nixon as Director 2

For For Elect Stuart Carmichael as Director 3

For For Elect Alan Bye as Director 4

For For Ratify Past Issuance of Shares to Professional and Sophisticated Clients of Euroz Securities

Limited

5

For For Approve Issuance of Shares to Professional and Sophisticated Clients of Euroz Securities Limited

6

For For Approve Replacement of Constitution 7

Wellcom Group Limited


Meeting Type: Court Ticker: WLL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Scheme of Arrangement in Relation to the Proposed Acquisition of the Company by Innocean Worldwide Inc

For For

Vote Summary Report


China Jushi Co. Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Company's Eligibility for Corporate Bond Issuance

For For

For For Approve Par Value and Issue Scale 2.1

For For Approve Issue Price and Bond Interest Rate 2.2

For For Approve Bond Period and Repayment Method 2.3

For For Approve Issue Manner and Target Subscribers 2.4

For For Approve Guarantee Situation 2.5

For For Approve Redemption and Resale Terms 2.6

For For Approve Usage of Raised Funds 2.7

For For Approve Safeguard Measures of Debts Repayment

2.8

For For Approve Underwriting Method, Listing and Resolution Validity Period

2.9

For For Approve Authorization of the Board to Handle All Related Matters

2.10

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Company's Eligibility for Corporate Bond Issuance

1

For For Approve Par Value and Issue Scale 2.1

For For Approve Issue Price and Bond Interest Rate 2.2

For For Approve Bond Period and Repayment Method 2.3

For For Approve Issue Manner and Target Subscribers 2.4

For For Approve Guarantee Situation 2.5

For For Approve Redemption and Resale Terms 2.6

For For Approve Usage of Raised Funds 2.7

For For Approve Safeguard Measures of Debts Repayment

2.8

For For Approve Underwriting Method, Listing and Resolution Validity Period

2.9

Vote Summary Report


China Jushi Co. Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Authorization of the Board to Handle All Related Matters

2.10

Domain Holdings Australia Ltd.


Meeting Type: Annual Ticker: DHG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Nick Falloon as Director 2

For For Elect Geoff Kleemann as Director 3

For For Approve Issuance of Options to Jason Pellegrino 4

HUB24 Limited


Meeting Type: Annual Ticker: HUB

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Bruce Higgins as Director 2

For For Elect Ian Litster as Director 3

For For Approve Issuance of Options and Performance Rights to Andrew Alcock

4

For None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

5


Immobiliare Grande Distribuzione SpA

Meeting Date: 11/11/2019 Country: Italy

Meeting Type: Special Ticker: IGD

Vote Summary Report


Immobiliare Grande Distribuzione SpA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Reduction in Share Capital Through

Reduction in Accounting Share Value

For For

Zhejiang Sanhua Intelligent Controls Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Amendments to Articles of Association For For

For For Approve Repurchase and Cancellation of Performance Shares

2

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Approve Repurchase and Cancellation of Performance Shares

2

AUB Group Limited


Meeting Type: Annual Ticker: AUB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Remuneration Report For Against

Vote Summary Report


AUB Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Voter Rationale: Concerns exist that on the whole, the company's disclosure practices are poor with absence STI disclosure, and absent LTI vesting justification. Furthermore, the LTI allows for retesting which is materially inconsistent with accepted market practices.

Blended Rationale: Concerns exist that on the whole, the company's disclosure practices are poor with absence STI disclosure, and absent LTI vesting justification. Furthermore, the LTI allows for retesting which is materially inconsistent with accepted market practices.

For For Elect Ray Carless as Director 2

For For Elect Robin Low as Director 3

Against For Approve Issuance of 5-Year Performance Options (ZEPO) to Michael Emmett

4

Voter Rationale: This includes a re-testing provision which is inconsistent with market standards and security holder expectations, and the quantum is excessive at $2,080,000 and materially above the median of market cap and industry peers.

Blended Rationale: This includes a re-testing provision which is inconsistent with market standards and security holder expectations, and the quantum is excessive at $2,080,000 and materially above the median of market cap and industry peers.

For For Approve Issuance of 3-Year Performance Options (ZEPO) to Michael Emmett

5

For For Approve Re-insertion of Proportional Takeover Provisions in the Constitution

6

Automatic Data Processing, Inc.


Meeting Type: Annual Ticker: ADP

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director Peter Bisson For For

For For Elect Director Richard T. Clark 1b

For For Elect Director R. Glenn Hubbard 1c

For For Elect Director John P. Jones 1d

For For Elect Director Francine S. Katsoudas 1e

For For Elect Director Thomas J. Lynch 1f

For For Elect Director Scott F. Powers 1g

For For Elect Director William J. Ready 1h

For For Elect Director Carlos A. Rodriguez 1i

For For Elect Director Sandra S. Wijnberg 1j

Vote Summary Report


Automatic Data Processing, Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


2



Galliford Try Plc


Meeting Type: Annual Ticker: GFRD

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For



For For Elect Andrew Duxbury as Director 4

For For Re-elect Graham Prothero as Director 5

For For Re-elect Marisa Cassoni as Director 6

For For Re-elect Terry Miller as Director 7

For For Re-elect Gavin Slark as Director 8

For For Re-elect Jeremy Townsend as Director 9

For For Re-elect Peter Ventress as Director 10

For For Appoint BDO LLP as Auditors 11

For For Authorise the Audit Committee to Fix

Remuneration of Auditors

12


For For Authorise EU Political Donations and

Expenditure

14


Rights

15

For For Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment

16


Vote Summary Report


Galliford Try Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


18

Growthpoint Properties Ltd.


Meeting Type: Annual Ticker: GRT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.2.1 Elect Frank Berkeley as Director For For

For For Elect John van Wyk as Director 1.2.2

For For Elect Christina Teixeira as Director 1.2.3

For For Re-elect Lynette Finlay as Director 1.3.1

For For Re-elect Sebenzile Mngconkola as Director 1.3.2

For For Re-elect Mpume Nkabinde as Director 1.3.3

For For Elect Frank Berkeley as Member of the Audit

Committee

1.4.1

For For Re-elect Lynette Finlay as Member of the Audit

Committee

1.4.2

For For Re-elect Nonzukiso Siyotula as Member of the

Audit Committee

1.4.3

For For Elect Christina Teixeira as Member of the Audit

Committee

1.4.4

For For Appoint EY as Auditors of the Company 1.5

For For Approve Remuneration Policy 1.6.1

For For Approve Implementation of Remuneration Policy 1.6.2

For For Place Authorised but Unissued Shares under

Control of Directors

1.7

For For Authorise Directors to Issue Shares to Afford Shareholders Distribution Reinvestment Alternatives

1.8

For For Authorise Board to Issue Shares for Cash 1.9

For For Approve Social, Ethics and Transformation

Committee Report

1.10

For For Approve Non-executive Directors' Fees 2.1

Vote Summary Report


Growthpoint Properties Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Financial Assistance in Terms of Section 45 of the Companies Act

2.2

For For Authorise Repurchase of Issued Share Capital 2.3

Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Guangzhou Pharmaceuticals Corporation, a Subsidiary of the Company, to Conduct Asset-Backed Securitization of

Accounts Receivable

For For

For For Approve Guangzhou Pharmaceuticals Corporation, a Subsidiary of the Company, to Apply for Additional General Banking Facilities

2

For For Approve Emoluments to be Paid to Cai Ruiyu for

Year 2019

3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Guangzhou Pharmaceuticals Corporation, a Subsidiary of the Company, to Conduct Asset-Backed Securitization of Accounts Receivable

1

For For Approve Guangzhou Pharmaceuticals Corporation, a Subsidiary of the Company, to

Apply for Additional General Banking Facilities

2

For For Approve Emoluments to be Paid to Cai Ruiyu for Year 2019

3

Ingenia Communities Group


Meeting Type: Annual/Special Ticker: INA

Vote Summary Report


Ingenia Communities Group

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Amendment to the Constitution of the

Trust

For For

For For Approve Amendment to the Constitution of the

Fund

2


Blended Rationale: Vote against if the weighting of non-financial targets exceeds 50% of the bonus.

For For Elect Robert Morrison as Director 3.1

For For Elect Gary Shiffman as Director 3.2

For For Approve Ingenia Communities Group Rights Plan

4

For For Approve Grant of Short Term Incentive Plan Rights to Simon Owen

5

For For Approve Grant of Long Term Incentive Plan Rights to Simon Owen

6

Netwealth Group Limited


Meeting Type: Annual Ticker: NWL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Davyd Lewis as Director 3

For For Elect Sally Freeman as Director 4

For For Approve Grant of Options to Matthew Heine 5

Newcrest Mining Ltd.


Meeting Type: Annual Ticker: NCM

Vote Summary Report


Newcrest Mining Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2a Elect Peter Hay as Director For For

For For Elect Vickki McFadden as Director 2b

For For Approve Grant of Performance Rights to

Sandeep Biswas

3a

For For Approve Grant of Performance Rights to Gerard

Bond

3b


Blended Rationale: Vote against if the weighting of non-financial targets exceeds 50% of the bonus.STI targets are based on continuous employment

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Peter Hay as Director 2a

For For Elect Vickki McFadden as Director 2b

For For Approve Grant of Performance Rights to

Sandeep Biswas

3a

For For Approve Grant of Performance Rights to Gerard Bond

3b


Weibo Corporation


Meeting Type: Annual Ticker: WB

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Director Daniel Yong Zhang For For

For For Elect Director Pehong Chen 2

Vote Summary Report


Abcam Plc


Meeting Type: Annual Ticker: ABC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



Voter Rationale: Excessive LTIP max.

Blended Rationale: Excessive LTIP max.

For For Reappoint PricewaterhouseCoopers LLP as Auditors

4

For For Authorise the Audit and Risk Committee to Fix Remuneration of Auditors

5

Against For Re-elect Peter Allen as Director 6

Voter Rationale: over boarded with multiple chairmanships.

Blended Rationale: over boarded with multiple chairmanships.

For For Re-elect Jonathan Milner as Director 7

For For Re-elect Alan Hirzel as Director 8

For For Re-elect Gavin Wood as Director 9

For For Re-elect Louise Patten as Director 10

For For Re-elect Mara Aspinall as Director 11

For For Elect Giles Kerr as Director 12



14



15


Afterpay Touch Group Limited


Meeting Type: Annual Ticker: APT

Vote Summary Report


Afterpay Touch Group Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: Vote against if share incentive schemes lead to dilution, in excess of 10% of the issued share capital.The minimum vesting period is less than three years

Blended Rationale: Vote against if share incentive schemes lead to dilution, in excess of 10% of the issued share capital.The minimum vesting period is less than three years

For For Approve the Increase in Non-Executive Directors' Fee Pool

2

For For Elect Clifford Rosenberg as Director 3

For For Ratify Past Issuance of Shares to Certain Institutional Investors

4

For For Approve Afterpay Equity Incentive Plan 5

Against For Approve Issuance of Options to Anthony Eisen 6

Voter Rationale: The dilutionary effect of all outstanding awards under the company's equity incentive plans is greater than 10 percent.

Blended Rationale: The dilutionary effect of all outstanding awards under the company's equity incentive plans is greater than 10 percent.

Against For Approve Issuance of Options to Nick Molnar 7

Voter Rationale: The dilutionary effect of all outstanding awards under the company's equity incentive plans is greater than 10 percent.

Blended Rationale: The dilutionary effect of all outstanding awards under the company's equity incentive plans is greater than 10 percent.

For For Approve the Change of Company Name to Afterpay Limited

8

Bingo Industries Limited


Meeting Type: Annual Ticker: BIN

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Maria Atkinson as Director 2

For For Elect Ian Malouf as Director 3

For For Elect Elizabeth Crouch as Director 4

Vote Summary Report


Bingo Industries Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Grant of LTI Performance Rights to Daniel Tartak

5

For For Approve Renewal of Proportional Takeover Provisions

6

Breville Group Limited


Meeting Type: Annual Ticker: BRG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: "The FY19 awards were not put to shareholder vote prior to grant, which represents a non-conformance with Australian market practice and shareholder interests.A portion of the LTI award (33 percent) is subject to a two-year performance period, which represents a departure from accepted market practice (with a minimum three-year performance period)."

Blended Rationale: "The FY19 awards were not put to shareholder vote prior to grant, which represents a non-conformance with Australian market practice and shareholder interests.A portion of the LTI award (33 percent) is subject to a two-year performance period, which represents a departure from accepted market practice (with a minimum three-year performance period)."

For For Elect Sally Herman as Director 3

For For Elect Kate Wright as Director 4

Charter Hall Group


Meeting Type: Annual/Special Ticker: CHC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2.1 Elect David Clarke as Director For For

For For Elect Karen Moses as Director 2.2

For For Elect Greg Paramor as Director 2.3


For For Approve Issuance of Service Rights to David Harrison

4

Vote Summary Report


Charter Hall Group Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Issuance of Performance Rights to David Harrison

5

Coles Group Limited


Meeting Type: Annual Ticker: COL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2.1 Elect James Graham as Director For For

For For Elect Jacqueline Chow as Director 2.2


For For Approve Grant of Performance Rights to Steven

Cain

4


Company

5

Against Against Approve the Amendments to the Company's

Constitution

6a

Against Against Improve Human Rights Management in Fresh

Food Supply Chains

6b

Computershare Limited


Meeting Type: Annual Ticker: CPU

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Elect Simon Jones as Director For For

For For Elect Tiffany Fuller as Director 3


For For Approve Grant of Performance Rights to Stuart Irving

5

Against Against Approve Conditional Spill Resolution 6

Vote Summary Report


Contact Energy Limited


Meeting Type: Annual Ticker: CEN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Elena Trout as Director For For

For For Authorize Board to Fix Remuneration of the Auditors

2


Data#3 Limited


Meeting Type: Annual Ticker: DTL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Remuneration Report None For

For For Elect Mark Esler as Director 2

For For Approve Issuance of Rights to Laurence

Baynham

3

EML Payments Limited


Meeting Type: Annual Ticker: EML

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Peter Martin as Director 2

For None Approve the Increase in Non-Executive Directors' Fee Pool

3

For For Approve Grant of Short-Term Incentive Options (ZEPO) to Tom Cregan

4

For For Approve Grant of Long-Term Incentive Options (ZEPO) to Tom Cregan

5

Vote Summary Report


EML Payments Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve the Amendments to the Company's Constitution

6

Hays plc


Meeting Type: Annual Ticker: HAS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For



For For Approve Special Dividend 4

For For Re-elect Andrew Martin as Director 5

For For Re-elect Alistair Cox as Director 6

For For Re-elect Paul Venables as Director 7

For For Re-elect Torsten Kreindl as Director 8

For For Re-elect Susan Murray as Director 9

For For Re-elect MT Rainey as Director 10

For For Re-elect Peter Williams as Director 11

For For Elect Cheryl Millington as Director 12

For For Reappoint PricewaterhouseCoopers LLP as

Auditors

13



Expenditure

15



Rights

17

For For Authorise Market Purchase of Ordinary shares 18

For For Authorise the Company to Call General Meeting

with Two Weeks' Notice

19

For For Approve UK Sharesave Plan 20

Vote Summary Report


Hays plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve International Sharesave Plan 21

KAP Industrial Holdings Ltd.


Meeting Type: Annual Ticker: KAP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Reappoint Deloitte & Touche as Auditors of the Company with Dr Dirk Steyn as the Registered Auditor

For For

For For Re-elect Gary Chaplin as Director 2.1

For For Re-elect Ipeleng Mkhari as Director 2.2

For For Re-elect Sandile Nomvete as Director 2.3

For For Authorise Reduction in the Number of Directors

on the Board

2.4

For For Re-elect Patrick Quarmby as Chairman of the


3.1

For For Re-elect Steve Muller as Member of the Audit

and Risk Committee

3.2

For For Re-elect Sandile Nomvete as Member of the


3.3

For For Place Authorised but Unissued Ordinary Shares

under Control of Directors

4

For For Place Authorised but Unissued Preference

shares under Control of Directors

5

For For Authorise Creation and Issuance of Convertible Debentures, Debenture Stock or Other Convertible Instruments

6

For For Approve General Payment to Shareholders from the Company's Share Capital, Share Premium and Reserves

7

Against For Approve Remuneration Policy 8.1

Voter Rationale: A substantial element of the SRS awards relates to "retention" purposes only.

Blended Rationale: A substantial element of the SRS awards relates to "retention" purposes only.

For For Approve Implementation Report on the

Remuneration Policy 8.2

Vote Summary Report


KAP Industrial Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Authorise Ratification Relating to Personal Financial Interest Arising from Multiple

Intergroup Directorships

9


For For Approve Fees Payable to Independent Non-executive Chairman

11.1

For For Approve Fees Payable to Non-executive Deputy Chairman

11.2

For For Approve Fees Payable to Board Members 11.3

For For Approve Fees Payable to Board Members for Ad hoc Meetings

11.4

For For Approve Fees Payable to Audit and Risk Committee Chairman

11.5

For For Approve Fees Payable to Audit and Risk Committee Member

11.6

For For Approve Fees Payable to Human Resources and Remuneration Committee Chairman

11.7

For For Approve Fees Payable to Human Resources and Remuneration Committee Member

11.8

For For Approve Fees Payable to Nomination Committee Chairman

11.9

For For Approve Fees Payable to Nomination Committee Member

11.10

For For Approve Fees Payable to Social and Ethics Committee Chairman

11.11

For For Approve Fees Payable to Social and Ethics Committee Member

11.12

For For Approve Fees Payable to Investment Committee Chairman

11.13

For For Approve Fees Payable to Investment Committee Member

11.14


12

KCC Corp.

Meeting Date: 11/13/2019 Country: South Korea


Vote Summary Report


KCC Corp.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Spin-Off Agreement For For

For For Elect Min Byeong-sam as Inside Director 2

Lancaster Colony Corporation


Meeting Type: Annual Ticker: LANC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Barbara L. Brasier For For

For For Elect Director David A. Ciesinski 1.2

For For Elect Director Kenneth L. Cooke 1.3

For For Elect Director Alan F. Harris 1.4


2

Blended Rationale: Minimum vesting period is less than 3 years


Macmahon Holdings Limited


Meeting Type: Annual Ticker: MAH

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Vyril Vella as Director 2

For For Elect Bruce Munro as Director 3

For For Elect Hamish Tyrwhitt as Director 4

Vote Summary Report


Mount Gibson Iron Limited


Meeting Type: Annual Ticker: MGX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Lee Seng Hui as Director For Against

Voter Rationale: Support is not warranted as Seng Hui Lee is warranted as he is considered overboarded as serving on the equivalent of seven non-executive director positions (with the chair position counting as two non-executive director roles) and for serving as the CEO of two listed companies.

Blended Rationale: Support is not warranted as Seng Hui Lee is warranted as he is considered overboarded as serving on the equivalent of seven non-executive director positions (with the chair position counting as two non-executive director roles) and for serving as the CEO of two listed companies.


Voter Rationale: The STI is discretionary in nature as the board will assess executive performance towards achieving key company objectives. The ten-percent share price premium performance hurdle is not considered challenging in the company's recent share price performance; and- The company does not disclose how STI and LTI awards are treated in the event an executive ceases employment.Also, the minimum vesting period is less than three years.

Blended Rationale: The STI is discretionary in nature as the board will assess executive performance towards achieving key company objectives. The ten-percent share price premium performance hurdle is not considered challenging in the company's recent share price performance; and- The company does not disclose how STI and LTI awards are treated in the event an executive ceases employment.Also, the minimum vesting period is less than three years.

Against For Approve Potential Termination Benefits Under

the Company's Loan Share Plan

3

Voter Rationale: "A vote AGAINST this resolution is warranted as there appears to be no benefit for shareholders to approve any excessive termination benefits from the potential vesting of incentive grants under the Loan Share Plan on cessation of employment of the relevant participant. The minimum vesting period is less than three years"

Blended Rationale: "A vote AGAINST this resolution is warranted as there appears to be no benefit for shareholders to approve any excessive termination benefits from the potential vesting of incentive grants under the Loan Share Plan on cessation of employment of the relevant participant. The minimum vesting period is less than three years"

National Storage REIT


Meeting Type: Annual/Special Ticker: NSR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Anthony Keane as Director 3

For For Ratify Past Issuance of Stapled Securities to Institutional and Professional Securityholders

4

For For Approve the Amendments to the Constitution 5

Vote Summary Report


National Storage REIT Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

6

Pacific Current Group Limited


Meeting Type: Annual Ticker: PAC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Jeremiah Chafkin as Director For For

For For Elect Melda Donnelly as Director 2

Against For Elect Gilles Guerin as Director 3

Voter Rationale: Gilles Guerin attended less than 75 percent of board and committee meetings he was eligible to attend in FY19. Attendance at board meetings is a basic requirement for directors.

Blended Rationale: Gilles Guerin attended less than 75 percent of board and committee meetings he was eligible to attend in FY19. Attendance at board meetings is a basic requirement for directors.


Performance Food Group Company


Meeting Type: Annual Ticker: PFGC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director George L. Holm For For



3


For For Approve Qualified Employee Stock Purchase Plan

5

For For Eliminate Supermajority Vote Requirement for Amending Government Documents and

Removing Directors

6

Vote Summary Report


Performance Food Group Company Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Provide Right to Call Special Meeting 7

Servcorp Limited


Meeting Type: Annual Ticker: SRV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Wallis Graham as Director 3

For For Elect Anthony McGrath as Director 4

Seven West Media Limited


Meeting Type: Annual Ticker: SWM

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Elect Colette Garnsey as Director For For

For For Elect John Alexander as Director 3

For For Elect Ryan Stokes as Director 4


For For Approve Grant of Performance Rights to James Warburton

6

Smiths Group Plc


Meeting Type: Annual Ticker: SMIN

Vote Summary Report


Smiths Group Plc

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For



For For Re-elect Bruno Angelici as Director 4

For For Re-elect Olivier Bohuon as Director 5

For For Re-elect Sir George Buckley as Director 6

For For Re-elect Dame Ann Dowling as Director 7

For For Re-elect Tanya Fratto as Director 8

For For Re-elect William Seeger as Director 9

For For Re-elect Mark Seligman as Director 10

For For Re-elect John Shipsey as Director 11

For For Re-elect Andrew Reynolds Smith as Director 12

For For Re-elect Noel Tata as Director 13

For For Appoint KPMG LLP as Auditors 14




Rights

17


18




20


Expenditure

21

Ansell Limited


Meeting Type: Annual Ticker: ANN

Vote Summary Report


Ansell Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2a Elect Christine Yan as Director For For

For For Elect Peter Day as Director 2b

For For Elect Leslie A Desjardins as Director 2c

For For Approve On-Market Buy-Back of Shares 3

For For Approve Grant of Performance Share Rights to

Magnus Nicolin

4


Aryzta AG

Meeting Date: 11/14/2019 Country: Switzerland

Meeting Type: Annual Ticker: ARYN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Accept Financial Statements and Statutory Reports

For For

Abstain For Approve Remuneration Report (Non-Binding) 1.2

Voter Rationale: We are not supportive of the ex-post changes to the remuneration.

Blended Rationale: We are not supportive of the ex-post changes to the remuneration.

For For Approve Allocation of Income and Omission of Dividends

2

For For Approve Discharge of Board and Senior Management

3

For For Elect Luisa Delgado as Director 4.1a

For For Elect Alejandro Legarda Zaragueeta as Director 4.1b

For For Reelect Gary McGann as Director and Board Chairman

4.1c

For For Reelect Mike Andres as Director 4.1d

For For Reelect Greg Flack as Director 4.1e

For For Reelect Dan Flinter as Director 4.1f

For For Reelect Annette Flynn as Director 4.1g

For For Reelect Jim Leighton as Director 4.1h

Vote Summary Report


Aryzta AG Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Reelect Tim Lodge as Director 4.1i

For For Reelect Kevin Toland as Director 4.1j

For For Reelect Rolf Watter as Director 4.1k

For For Reappoint Mike Andres as Member of the Compensation Committee

4.2.1

For For Reappoint Dan Flinter as Member of the Compensation Committee

4.2.2

For For Reaapoint Gary McGann as Member of the Compensation Committee

4.2.3

For For Reappoint Rolf Watter as Member of the Compensation Committee

4.2.4

For For Ratify Ernst & Young AG as Auditors 4.3

For For Designate Patrick ONeill as Independent Proxy 4.4

For For Approve Remuneration of Directors in the Amount of CHF 1.5 Million

5.1

For For Approve Remuneration of Executive Committee in the Amount of CHF 18 Million

5.2

For For Approve CHF 993,106 Conditional Capital Increase without Preemptive Rights for

Employee Stock Options

6.1

For For Approve Creation of CHF 1.99 Million Pool of Capital without Preemptive Rights

6.2

For For Amend Articles Re: Shareholding Requirements to File Agenda Items

7.1

For For Amend Articles Re: Range of Board Size 7.2.1

For For Amend Articles Re: Board Meeting Chairman 7.2.2

For For Amend Articles Re: Number of Mandates of Members of the Board of Directors

7.2.3

For For Amend Articles Re: Share Register 7.3.1

For For Amend Articles Re: Financial Statements 7.3.2

For For Amend Articles Re: Annulment of the Contributions in Kind Clause

7.3.3

Against For Transact Other Business (Voting) 8

Voter Rationale: Other business not disclosed.

Blended Rationale: Other business not disclosed.

Vote Summary Report


Aryzta AG


Meeting Type: Annual Ticker: ARYN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Share Re-registration Consent For For

Broadridge Financial Solutions, Inc.


Meeting Type: Annual Ticker: BR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director Leslie A. Brun For For

For For Elect Director Pamela L. Carter 1b

For For Elect Director Richard J. Daly 1c

For For Elect Director Robert N. Duelks 1d

For For Elect Director Timothy C. Gokey 1e

For For Elect Director Brett A. Keller 1f

For For Elect Director Maura A. Markus 1g

For For Elect Director Thomas J. Perna 1h

For For Elect Director Alan J. Weber 1i

For For Elect Director Amit K. Zavery 1j



2



Eagle Eye Solutions Group Plc


Meeting Type: Annual Ticker: EYE

Vote Summary Report


Eagle Eye Solutions Group Plc

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For

For For Re-elect Steve Rothwell as Director 2

For For Re-elect Sir Terry Leahy as Director 3

For For Elect Robert Senior as Director 4

For For Reappoint RSM UK Audit LLP as Auditors and

Authorise Their Remuneration

5



Rights

7

Ecofibre Limited


Meeting Type: Annual Ticker: EOF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Jon Meadmore as Director For Against

Voter Rationale: The nominee is non-independent and the full board comprises less than 50% independents.The nominee is a non-independent member of the audit committee and the committee comprises less than 50% independents.

Blended Rationale: The nominee is non-independent and the full board comprises less than 50% independents.The nominee is a non-independent member of the audit committee and the committee comprises less than 50% independents.

For None Approve Remuneration Report 2

Emeco Holdings Limited


Meeting Type: Annual Ticker: EHL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Peter Frank as Director For For

Vote Summary Report


Emeco Holdings Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Approve Issuance of Rights to Ian Testrow 2

Blended Rationale: A vote AGAINST this resolution is warranted as this grant relates to the provision of equity incentives under the company's hybrid incentive plan, which combines the traditional STI and LTI, and there are no long term performance measures to be achieved in shareholder interests prior to vesting, and vesting is based solely on the passage of time, being 2 years.Further, we note that only 5.6 percent of the total FY19 HIP award which vested (equal to 4.73 percent of the CEO's fixed remuneration) will be deferred into equity, with the remaining 94.4 percent of the award being paid in cash (equal to 80 percent of the CEO's fixed remuneration). This outcomes is misaligned with market practice, short term in nature and misaligned with shareholder interests and expectations.


Blended Rationale: A vote AGAINST the remuneration report is warranted:- The continued use of a hybrid incentive structure which combined the STI and LTI into one plan and removed any long-term performance hurdles for deferred equity with vesting occurring after 2 years.- Consistent year-on-year increases to the CEO's fixed remuneration, which place his fixed remuneration significantly higher than market capitalization and industry peers without significant justification.- Prior poor disclosure on the mechanics of the HIP, namely that the CEO would receive the first 40 percent (representing 80 percent of fixed remuneration) of any HIP bonus in cash rather than maintaining a ratio split regardless of outcome, or even the majority being deferred into equity as seen in other similar plans (which still failed to avoid a "strike" in many cases).- The excessive equity grant made in FY19 under a "Management Incentive Plan" in addition to the STI and LTI.


Ford Otomotiv Sanayi AS


Meeting Type: Special Ticker: FROTO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Open Meeting and Elect Presiding Council of

Meeting

For For

Against For Ratify Director Appointments 2



For For Approve Dividends 3

Gaztransport & Technigaz SA


Meeting Type: Special Ticker: GTT

Vote Summary Report


Gaztransport & Technigaz SA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Authorize up to 150,000 Shares for Use in

Restricted Stock Plans

For For

For For Authorize Filing of Required Documents/Other

Formalities

2

GDI Property Group Limited


Meeting Type: Annual/Special Ticker: GDI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect John Tuxworth as Director 2

For For Approve Issuance of Performance Rights to Steve Gillard

3

Hangzhou Robam Appliances Co., Ltd.



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve to Appoint Auditor For For

Helloworld Travel Limited


Meeting Type: Annual Ticker: HLO

Vote Summary Report


Helloworld Travel Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Mike Ferraro as Director 2.1

For For Elect Andrew Finch as Director 2.2

For None Approve Omnibus Incentive Plan 3

Jack Henry & Associates, Inc.


Meeting Type: Annual Ticker: JKHY

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Matthew C. Flanigan For For

For For Elect Director John F. Prim 1.2

For For Elect Director Thomas H. Wilson, Jr. 1.3

For For Elect Director Jacque R. Fiegel 1.4

For For Elect Director Thomas A. Wimsett 1.5

For For Elect Director Laura G. Kelly 1.6

For For Elect Director Shruti S. Miyashiro 1.7

For For Elect Director Wesley A. Brown 1.8

For For Elect Director David B. Foss 1.9


2

For For Ratify PricewaterhouseCoopers, LLP as Auditors 3

Lumentum Holdings Inc.


Meeting Type: Annual Ticker: LITE

Vote Summary Report


Lumentum Holdings Inc.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director Penelope A. Herscher For For

For For Elect Director Harold L. Covert 1b

For For Elect Director Julia S. Johnson 1c

For For Elect Director Brian J. Lillie 1d

For For Elect Director Alan S. Lowe 1e

For For Elect Director Ian S. Small 1f

For For Elect Director Samuel F. Thomas 1g



2

Voter Rationale: Vote confirmed per Voting Operations audit.

Blended Rationale: Vote confirmed per Voting Operations audit.


MACA Limited


Meeting Type: Annual Ticker: MLD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Linton Kirk as Director 2

For For Elect Robert Ryan as Director 3

For For Approve Performance Rights Plan 4

For For Approve Issuance of Performance Rights to Christopher Tuckwell

5

For For Approve Issuance of Performance Rights to Geoffrey Baker

6

Medibank Private Limited


Meeting Type: Annual Ticker: MPL

Vote Summary Report


Medibank Private Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Elect David Grahame Fagan as Director For For

For For Elect Linda Bardo Nicholls as Director 3


For For Approve Grant of Performance Rights to Craig

Drummond

5

Northern Star Resources Limited


Meeting Type: Annual Ticker: NST

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Approve FY20 Share Plan 2

For For Approve Issuance of Performance Rights to Bill Beament

3

For For Approve Potential Termination Benefits 4

For None Approve FY20 NED Share Plan 5

For None Approve Issuance of Share Rights to Non-Executive Directors

6

For For Elect Mary Hackett as Director 7

For For Elect Nick Cernotta as Director 8

For For Elect Bill Beament as Director 9

For For Elect John Fitzgerald as Director 10

Oritani Financial Corp.


Meeting Type: Special Ticker: ORIT

Vote Summary Report


Oritani Financial Corp.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Merger Agreement For For

Against For Advisory Vote on Golden Parachutes 2

Voter Rationale: we are not supportive of golden parachutes.

Blended Rationale: we are not supportive of golden parachutes.

Against For Adjourn Meeting 3

Voter Rationale: vote against is warranted given that Item 2 does not warrant support.

Blended Rationale: vote against is warranted given that Item 2 does not warrant support.

Picton Property Income Ltd.


Meeting Type: Annual Ticker: PCTN

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For

For For Ratify KPMG Channel Islands Limited as Auditors

2


For For Re-elect Mark Batten as Director 4

For For Elect Maria Bentley as Director 5

For For Elect Andrew Dewhirst as Director 6

For For Re-elect Roger Lewis as Director 7

For For Re-elect Michael Morris as Director 8

For For Re-elect Nicholas Thompson as Director 9




12



13

Vote Summary Report


Ramsay Health Care Limited


Meeting Type: Annual Ticker: RHC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: "We are voting against Item 2 â€œApprove remuneration reportâ€• in the RHC 2019 AGM.RHC has been excluding an increasing level of substantial costs from the â€˜core EPSâ€™ figure over the last several financial years. Hurdles for the granting of executive incentives are based on â€˜core EPSâ€™ guidance and TSR. Had the $47.6m pre-tax restructuring and onerous lease provisions been taken above the line, RHC would have missed its â€˜core EPSâ€™ growth guidance of 0-2% in FY19 resulting in a material impact on executive incentive awards and vesting of LTIs at the end of FY19. If RHC continues to remove these recurring costs from â€˜coreâ€™ earnings they are not properly allowing management to accept responsibility for their actions, leaving the consequences to be borne by shareholders. Provision reversals in prior periods have also been a positive contributor to â€˜coreâ€™ earnings including acquisition accounting and insurance provisions, hence helping executives achieve their 'core EPS' growth targets. In addition, large acquisitions and a substantial increase in goodwill in the balance sheet has contributed to RHC being bottom quartile for NTA growth over 5yrs relative to the ASX200 universe. Whether these acquisitions will add value over time remains to be seen. "

Blended Rationale: "We are voting against Item 2 â€œApprove remuneration reportâ€• in the RHC 2019 AGM.RHC has been excluding an increasing level of substantial costs from the â€˜core EPSâ€™ figure over the last several financial years. Hurdles for the granting of executive incentives are based on â€˜core EPSâ€™ guidance and TSR. Had the $47.6m pre-tax restructuring and onerous lease provisions been taken above the line, RHC would have missed its â€˜core EPSâ€™ growth guidance of 0-2% in FY19 resulting in a material impact on executive incentive awards and vesting of LTIs at the end of FY19. If RHC continues to remove these recurring costs from â€˜coreâ€™ earnings they are not properly allowing management to accept responsibility for their actions, leaving the consequences to be borne by shareholders. Provision reversals in prior periods have also been a positive contributor to â€˜coreâ€™ earnings including acquisition accounting and insurance provisions, hence helping executives achieve their 'core EPS' growth targets. In addition, large acquisitions and a substantial increase in goodwill in the balance sheet has contributed to RHC being bottom quartile for NTA growth over 5yrs relative to the ASX200 universe. Whether these acquisitions will add value over time remains to be seen. "

For For Elect Catriona Alison Deans as Director 3.1

For For Elect James Malcolm McMurdo as Director 3.2

For For Approve Grant of FY2020 Performance Rights to Craig Ralph McNally

4.1

For For Approve Grant of FY2019 Performance Rights to Craig Ralph McNally

4.2

Vote Summary Report


Rand Merchant Investment Holdings Ltd.


Meeting Type: Annual Ticker: RMI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Peter Cooper as Director For For

Against For Re-elect Sonja de Bruyn as Director 1.2

Voter Rationale: continued remuneration issues.

Blended Rationale: continued remuneration issues.

For For Re-elect Laurie Dippenaar as Director 1.3

For For Re-elect Jannie Durand as Director 1.4

For For Re-elect Per-Erik Lagerstrom as Director 1.5

For For Re-elect Murphy Morobe as Director 1.6


Voter Rationale: Lack of disclosure on bonus targets/structure and lack of performance conditions attached to the share appreciation rights (LTIP)

Blended Rationale: Lack of disclosure on bonus targets/structure and lack of performance conditions attached to the share appreciation rights (LTIP)

Against For Approve Remuneration Implementation Report 2

Voter Rationale: Lack of disclosure on bonus targets/structure and lack of performance conditions attached to the share appreciation rights (LTIP)

Blended Rationale: Lack of disclosure on bonus targets/structure and lack of performance conditions attached to the share appreciation rights (LTIP)



2


For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company and Authorise Their Remuneration

4

For For Re-elect Johan Burger as Member of the Audit

and Risk Committee

5.1

For For Re-elect Sonja de Bruyn as Member of the Audit

and Risk Committee

5.2

For For Re-elect Per-Erik Lagerstrom as Member of the


5.3

For For Re-elect James Teeger as Member of the Audit

and Risk Committee

5.4


Vote Summary Report


Rand Merchant Investment Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Remuneration of Non-executive Directors

1


For For Authorise Issue of Shares and/or Options Pursuant to a Reinvestment Option

3

For For Approve Financial Assistance to Directors, Prescribed Officers and Employee Share

Scheme Beneficiaries

4

For For Approve Financial Assistance to Related and Inter-related Entities

5

Ricardo Plc


Meeting Type: Annual Ticker: RCDO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For


For For Reappoint KPMG LLP as Auditors 3



4

For For Elect Russell King as Director 5

For For Elect Jack Boyer as Director 6

For For Re-elect Bill Spencer as Director 7

For For Re-elect Sir Terry Morgan as Director 8

For For Re-elect Ian Gibson as Director 9

For For Re-elect Laurie Bowen as Director 10

For For Re-elect Dave Shemmans as Director 11

For For Re-elect Malin Persson as Director 12

For For Re-elect Mark Garrett as Director 13



Vote Summary Report


Ricardo Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


16



18

RMB Holdings Ltd.


Meeting Type: Annual Ticker: RMH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Jannie Durand as Director For For

For For Re-elect Peter Cooper as Director 1.2

For For Re-elect Laurie Dippenaar as Director 1.3

For For Re-elect Sonja De Bruyn as Director 1.4

For For Elect Obakeng Phetwe as Director 1.5



2


For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company and Authorise Their Remuneration

4

For For Re-elect Sonja De Bruyn as Member of the Audit

and Risk Committee

5.1

For For Re-elect Per-Erik Lagerstrom as Member of the


5.2

For For Re-elect James Teeger as Member of the Audit

and Risk Committee

5.3



For For Approve Remuneration Implementation Report 7.2

For For Approve Non-executive Directors' Remuneration 1


Vote Summary Report


RMB Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Authorise Issue of Shares or Options Pursuant to a Reinvestment Option

3

For For Approve Financial Assistance to Directors, Prescribed Officers and Employee Share

Scheme Beneficiaries

4

For For Approve Financial Assistance to Related or Inter-related Entities

5

Sims Metal Management Limited


Meeting Type: Annual Ticker: SGM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Deborah O'Toole as Director For For

For For Elect Hiroyuki Kato as Director 3

For For Approve Renewal of Proportional Takeover

Provisions in the Constitution

4


Blended Rationale: The minimum vesting period is less than three years.Tranche 2 of the LTI targets is based on continuous employment.

Against For Approve Grant of Performance Rights to Alistair

Field

6


For For Approve the Change of Company Name to Sims

Limited

7

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Deborah O'Toole as Director 1

For For Elect Hiroyuki Kato as Director 3


Provisions in the Constitution

4


For For Approve Grant of Performance Rights to Alistair Field

6

Vote Summary Report


Sims Metal Management Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve the Change of Company Name to Sims Limited

7

Vicinity Centres


Meeting Type: Annual/Special Ticker: VCX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Trevor Gerber as Director 3a

For For Elect David Thurin as Director 3b

For For Approve Grant of Performance Rights to Grant

Kelley

4

Wesfarmers Limited


Meeting Type: Annual Ticker: WES

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2a Elect Vanessa Miscamble Wallace as Director For For

For For Elect Jennifer Anne Westacott as Director 2b

For For Elect Michael (Mike) Roche as Director 2c

For For Elect Sharon Lee Warburton as Director 2d


For For Approve Grant of Restricted Shares and Performance Shares to Robert Scott

4

Western Digital Corporation


Meeting Type: Annual Ticker: WDC

Vote Summary Report


Western Digital Corporation

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director Kimberly E. Alexy For For

For For Elect Director Martin I. Cole 1b

For For Elect Director Kathleen A. Cote 1c

For For Elect Director Tunc Doluca 1d

For For Elect Director Len J. Lauer 1e

For For Elect Director Matthew E. Massengill 1f

For For Elect Director Stephen D. Milligan 1g

For For Elect Director Stephanie A. Streeter 1h



2



Zhaojin Mining Industry Company Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Approve Transfer Agreement and Related Transactions

For For

For For Approve Grant of Specific Mandates to the Board to Allot and Issue Consideration Shares to Zhaojin Group Pursuant to the Transfer Agreement

1b

For For Authorize Board to Deal With All Matters in Relation to Transfer Agreement and Its Amendment, Variation or Modification of Terms and Conditions

1c

For For Amend Articles of Association 2a

For For Authorize Board to Deal With All Matters in Relation to the Amendments to the Articles of

Association

2b

Vote Summary Report


Zhaojin Mining Industry Company Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Registration and Issuance of Renewal Bonds and Authorize Board to Deal With All

Related Matters

3

For For Approve Registration and Issuance of Super Short-Term Notes and Authorize Board to Deal

With All Related Matters

4

Zhaojin Mining Industry Company Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Approve Transfer Agreement and Related

Transactions

For For

For For Approve Grant of Specific Mandates to the Board to Allot and Issue Consideration Shares to Zhaojin Group Pursuant to the Transfer

Agreement

1b

For For Authorize Board to Deal With All Matters in Relation to Transfer Agreement and Its Amendment, Variation or Modification of Terms

and Conditions

1c

China Longyuan Power Group Corporation Limited



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Sun Jinbiao as Director For For

Contemporary Amperex Technology Co., Ltd.



Vote Summary Report


Contemporary Amperex Technology Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Additional Provision of Guarantee For For

For For Approve Change in Registered Capital and

Amend Articles of Association

2

For For Approve Guarantee Provision in Relation to

Issuance of Overseas Bonds

3

For For Approve Authorization of Board and Related Personnel to Handle Matters Related to Issuance of Overseas Bonds

4

Elkem ASA

Meeting Date: 11/15/2019 Country: Norway

Meeting Type: Special Ticker: ELK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Elect Chairman of Meeting; Designate Inspector(s) of Minutes of Meeting

For For

For For Approve Notice of Meeting and Agenda 3

For For Elect Helge Aasen as Director 4

Freedom Foods Group Limited


Meeting Type: Annual Ticker: FNP

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: LTI grants are not excessive, but the performance period of two years is below the three-year minimum expected in this market.

Blended Rationale: LTI grants are not excessive, but the performance period of two years is below the three-year minimum expected in this market.

Vote Summary Report


Freedom Foods Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Elect Ronald Perich as Director 2

Voter Rationale: He attended less than 75 percent of board and committee meetings he was entitled to attend in FY19. Attendance at board meetings is a basic requirement for directors. Further, governance concerns exist under ISS policy that the board is 100 percent non-independent

Blended Rationale: He attended less than 75 percent of board and committee meetings he was entitled to attend in FY19. Attendance at board meetings is a basic requirement for directors. Further, governance concerns exist under ISS policy that the board is 100 percent non-independent

Against For Elect Trevor Allen as Director 3

Voter Rationale: "He was classified as a non-independent director due to his transactional relationship with the company.Trevor Allen was Company Secretary and Public Officer of Fresh Dairy One Pty Ltd, an entity which sold goods and services to the company totaling $9.36 million during FY2018 (2017: nil)"

Blended Rationale: "He was classified as a non-independent director due to his transactional relationship with the company.Trevor Allen was Company Secretary and Public Officer of Fresh Dairy One Pty Ltd, an entity which sold goods and services to the company totaling $9.36 million during FY2018 (2017: nil)"


4

iShares $ Treasury Bond 20+ Yr UCITS ETF

Meeting Date: 11/15/2019 Country: Ireland

Meeting Type: Annual Ticker: IDTL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For

For For Ratify Deloitte as Auditors 2


For For Elect Ros O'Shea as Director 4

For For Re-elect Jessica Irschick as Director 5

For For Re-elect Barry O'Dwyer as Director 6

For For Re-elect Paul McGowan as Director 7

For For Re-elect Paul McNaughton as Director 8

For For Elect Deirdre Somers as Director 9

Vote Summary Report


Jiangsu Hengli Hydraulic Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Amendments to Articles of Association to Expand Business Scope

For For

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Amendments to Articles of Association to Expand Business Scope

1

Kier Group Plc


Meeting Type: Annual Ticker: KIE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Andrew Davies as Director 3

For For Elect Simon Kesterton as Director 4

For For Re-elect Justin Atkinson as Director 5

For For Re-elect Constance Baroudel as Director 6

For For Re-elect Kirsty Bashforth as Director 7

For For Re-elect Philip Cox as Director 8

For For Re-elect Claudio Veritiero as Director 9

For For Re-elect Adam Walker as Director 10


11


Vote Summary Report


Kier Group Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction



14



15


16

Link Administration Holdings Limited


Meeting Type: Annual Ticker: LNK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Michael Carapiet as Director For For

For For Elect Anne McDonald as Director 2


For For Approve Issuance of Performance Share Rights

to John McMurtrie

4

Sany Heavy Industry Co., Ltd.



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Mortgage and Finance Lease Business For For

For For Approve Use of Own Idle Funds to Invest in Financial Products

2

For For Approve Deposit, Loan and Other Financial Business with Related-party Bank

3

For For Approve Adjustments on Daily Related-party Transactions

4

Vote Summary Report


Shandong Weigao Group Medical Polymer Company Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Distribution of Interim Dividend For For

Shandong Weigao Group Medical Polymer Company Limited



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Logistic and Distribution Services Framework Agreement, Annual Caps and Related Transactions

For For

Against For Approve Finance Leasing and Factoring Framework Agreement, Annual Caps and Related Transactions

2

Voter Rationale: The proposed related-party transactions are provision of financial services which may expose the company to unnecessary risks.

Blended Rationale: The proposed related-party transactions are provision of financial services which may expose the company to unnecessary risks.

For For Approve Purchase Framework Agreement, Annual Caps and Related Transactions

3

Swift Media Limited


Meeting Type: Annual Ticker: SW1

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Robert Sofoulis as Director 2

For For Elect Darren Smorgon as Director 3

For For Elect Katherine Ostin as Director 4

Vote Summary Report


Swift Media Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Approve Issuance of Performance Rights to Xavier Kris

5

Voter Rationale: Xavier Kris is no longer CEO of SW1, and so its poor governance to award the exiting CEO a performance rights package. This is also underpinned by the poor financial performance of SW1 under Xavier's leadership.

Blended Rationale: Xavier Kris is no longer CEO of SW1, and so its poor governance to award the exiting CEO a performance rights package. This is also underpinned by the poor financial performance of SW1 under Xavier's leadership.

For For Approve Issuance of Ordinary Share Rights to Darren Smorgon

6a

For For Approve Issuance of Ordinary Share Rights to Katherine Ostin

6b

For For Approve Issuance of Options to Pippa Leary 7

For For Approve Issuance of Up to 10 Percent of the Company's Issued Capital

8

For For Approve Issuance of Replacement Tranche 1 Notes to L1 Capital Global Opportunities Master

Fund and Lind Global Macro Fund, LP

9

For For Approve Issuance of Tranche 2 Notes to L1 Capital Global Opportunities Master Fund and

Lind Global Macro Fund, LP

10

For For Ratify Past Issuance of Shares to L1 Capital Global Opportunities Master Fund and Lind

Global Macro Fund, LP

11


12

Sysco Corporation


Meeting Type: Annual Ticker: SYY

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Thomas L. Bene For For

For For Elect Director Daniel J. Brutto 1b

For For Elect Director John M. Cassaday 1c

For For Elect Director Joshua D. Frank 1d

For For Elect Director Larry C. Glasscock 1e

For For Elect Director Bradley M. Halverson 1f

For For Elect Director John M. Hinshaw 1g

Vote Summary Report


Sysco Corporation Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Hans-Joachim Koerber 1h

For For Elect Director Stephanie A. Lundquist 1i

For For Elect Director Nancy S. Newcomb 1j

For For Elect Director Nelson Peltz 1k

For For Elect Director Edward D. Shirley 1l

For For Elect Director Sheila G. Talton 1m


2


Against Against Require Independent Board Chairman 4

The Estee Lauder Companies Inc.


Meeting Type: Annual Ticker: EL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Ronald S. Lauder For For

Withhold For Elect Director William P. Lauder 1.2

Blended Rationale: WITHHOLD votes are warranted for William Lauder and Richard Parsons for serving as non-independent members of key board committees.

Withhold For Elect Director Richard D. Parsons 1.3

Blended Rationale: WITHHOLD votes are warranted for William Lauder and Richard Parsons for serving as non-independent members of key board committees.

For For Elect Director Lynn Forester de Rothschild 1.4

For For Elect Director Jennifer Tejada 1.5

For For Elect Director Richard F. Zannino 1.6




3


Vote Summary Report


The Estee Lauder Companies Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Amend Omnibus Stock Plan 4

Blended Rationale: Based on evaluation of the estimated cost, plan features, and grant practices using the Equity Plan Scorecard (EPSC), a vote AGAINST this proposal is warranted due to the following key factor(s):- Plan cost is excessive- Disclosure of CIC vesting treatment is incomplete- The plan allows broad discretion to accelerate vesting

Chongqing Zhifei Biological Products Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Application of Bank Credit Lines For For

For For Approve Appointment of Auditor 2

For For Amend Business Scope 3


For For Approve Capital Injection for Beijing Zhifei

Green Bamboo Bio-Pharmaceutical Co., Ltd.

5

For For Approve Capital Injection for Anhui Zhifei Long

Kema Biological Pharmaceutical Co., Ltd.

6

For For Approve Extension of Resolution Validity Period

for Private Placement of Shares

7

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Application of Bank Credit Lines 1

For For Approve Appointment of Auditor 2

For For Amend Business Scope 3


For For Approve Capital Injection for Beijing Zhifei Green Bamboo Bio-Pharmaceutical Co., Ltd.

5

For For Approve Capital Injection for Anhui Zhifei Long Kema Biological Pharmaceutical Co., Ltd.

6

Vote Summary Report


Chongqing Zhifei Biological Products Co., Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Extension of Resolution Validity Period for Private Placement of Shares

7

Haidilao International Holding Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve New Continuing Connected Transactions and Proposed Renewal of the AnnualCaps Under the Shuyun Dongfang

Agreements in Respect of 2019 and 2020

For For

Hapvida Participacoes e Investimentos SA

Meeting Date: 11/18/2019 Country: Brazil

Meeting Type: Special Ticker: HAPV3

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Amend Article 3 Re: Corporate Purpose For For

For For Amend Article 2 Re: Opening, Alteration and Closing of Branches, Offices or Other

Establishments

2

For For Amend Articles 25 and 32 Re: Vice-President of Strategic Affairs

3

For For Rectify Subscription Agreement Re: Acquisition of GSFRP Participacoes SA Approved at the

August 22, 2019 EGM

4

Lifestyle Communities Ltd.


Meeting Type: Annual Ticker: LIC

Vote Summary Report


Lifestyle Communities Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Nicola Louise Roxon as Director 3

For For Appoint PricewaterhouseCoopers as Auditor of

the Company

4

Midea Group Co. Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Employee Share Purchase Plan of Subsidiary

For For

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Employee Share Purchase Plan of Subsidiary

1

Nanosonics Ltd.


Meeting Type: Annual Ticker: NAN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Maurie Stang as Director For For

For For Elect David Fisher as Director 2

For For Elect Geoff Wilson as Director 3


Vote Summary Report


Nanosonics Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Issuance of Performance Rights to Michael Kavanagh under the Short Term

Incentive Scheme

5

For For Approve Issuance of Options and Performance Rights to Michael Kavanagh under the Long

Term Incentive Scheme

6

For For Approve Nanosonics Omnibus Equity Plan 7

For For Approve Nanosonics Global Employee Share Plan

8

NWS Holdings Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For


For For Elect Cheng Chi Kong, Adrian as Director 3a

For For Elect Cheng Chi Ming, Brian as Director 3b

For For Elect Tsang Yam Pui as Director 3c

Against For Elect Kwong Che Keung, Gordon as Director 3d

Voter Rationale: Over boarded.

Blended Rationale: Over boarded.

Against For Elect Shek Lai Him, Abraham as Director 3e

Voter Rationale: Over boarded.

Blended Rationale: Over boarded.

For For Elect Oei Fung Wai Chi, Grace as Director 3f

For For Authorize Board to Fix Remuneration of Directors

3g

Against For Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration

4

Voter Rationale: Non audit fees exceed audit fees.

Blended Rationale: Non audit fees exceed audit fees.

Vote Summary Report


NWS Holdings Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


5.1

Voter Rationale: excessive dilution.

Blended Rationale: excessive dilution.

For For Authorize Repurchase of Issued Share Capital 5.2

Against For Authorize Reissuance of Repurchased Shares 5.3

Voter Rationale: excessive dilution.

Blended Rationale: excessive dilution.

Senex Energy Ltd.


Meeting Type: Annual Ticker: SXY

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Timothy Crommelin as Director For Against

Voter Rationale: The fact that Mr Crommelin serves as a non-independent member of the Audit Committee and the company has paid its auditors non-audit fees which are significantly in excess of audit fees over the last year.

Blended Rationale: The fact that Mr Crommelin serves as a non-independent member of the Audit Committee and the company has paid its auditors non-audit fees which are significantly in excess of audit fees over the last year.

For For Elect John Warburton as Director 2


Voter Rationale: "A high concern has been identified in the quantitative pay-for performance analysis. On top of the STI and LTI, the CEO was granted an additional equity award, to be assessed over a two-year period and based on operational achievements, which would ordinarily appear to be part of the CEO's day job."

Blended Rationale: "A high concern has been identified in the quantitative pay-for performance analysis. On top of the STI and LTI, the CEO was granted an additional equity award, to be assessed over a two-year period and based on operational achievements, which would ordinarily appear to be part of the CEO's day job."

For For Approve Senex Employee Performance Rights

Plan

4

For For Approve Issuance of STI and LTI Rights to Ian

Davies

5

WuXi AppTec Co., Ltd.



Vote Summary Report


WuXi AppTec Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve List of Incentive Participants For For

Zhejiang Supor Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Nathalie Lomon as Non-Independent Director

For For

BIM Birlesik Magazalar AS


Meeting Type: Special Ticker: BIMAS

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Presiding Council of Meeting and Authorize

Presiding Council to Sign Minutes of Meeting

For For

For For Approve Special Dividend 2

BMO Real Estate Investments Ltd.


Meeting Type: Annual Ticker: BREI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


BMO Real Estate Investments Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Approve Dividend Policy 3

For For Re-elect Vikram Lall as Director 4

For For Re-elect Andrew Gulliford as Director 5

For For Re-elect David Ross as Director 6

For For Re-elect Mark Carpenter as Director 7

For For Re-elect Alexa Henderson as Director 8

For For Ratify PricewaterhouseCoopers CI LLP as Auditors

9



11


Dunelm Group Plc


Meeting Type: Annual Ticker: DNLM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For


For For Re-elect Will Adderley as Director 3

For For Re-elect Nick Wilkinson as Director 4

For For Re-elect Laura Carr as Director 5

For For Re-elect Andy Harrison as Director 6

For For Re-elect Andy Harrison as Director

(Independent Shareholder Vote)

7

For For Re-elect Marion Sears as Director 8

For For Re-elect Marion Sears as Director (Independent

Shareholder Vote)

9

For For Re-elect William Reeve as Director 10

Vote Summary Report


Dunelm Group Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Re-elect William Reeve as Director (Independent Shareholder Vote)

11

For For Re-elect Peter Ruis as Director 12

For For Re-elect Peter Ruis as Director (Independent Shareholder Vote)

13

For For Elect Ian Bull as Director 14

For For Elect Ian Bull as Director (Independent Shareholder Vote)

15

For For Elect Paula Vennells as Director 16

For For Elect Paula Vennells as Director (Independent Shareholder Vote)

17



19




22



23



25

JinkoSolar Holding Co., Ltd.


Meeting Type: Annual Ticker: JKS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Director Kangping Chen For For

For For Elect Director Xianhua Li 2

For For Ratify PricewaterhouseCoopers Zhong Tian LLP

as Auditors

3

For For Authorize Board to Fix Remuneration of Auditors 4

Vote Summary Report


JinkoSolar Holding Co., Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


5

Kogan.com Limited


Meeting Type: Annual Ticker: KGN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Greg Ridder as Director 3.1

For For Elect Michael Hirschowitz as Director 3.2

Kuros Biosciences Ltd.


Meeting Type: Special Ticker: KURN

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve CHF 6 Million Capital Increase without Preemptive Rights

For For

Against For Transact Other Business (Voting) 2

Voter Rationale: Other business not disclosed.

Blended Rationale: Other business not disclosed.



Meeting Type: Special Ticker: KURN

Vote Summary Report



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Share Re-registration Consent For For

Luz del Sur SA

Meeting Date: 11/19/2019 Country: Peru

Meeting Type: Special Ticker: LUSURC1

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Voluntary Revaluation of Fixed Assets For Against

Voter Rationale: Lack of disclosure.

Blended Rationale: Lack of disclosure.

For For Appoint Legal Representatives 2

Mirvac Group


Meeting Type: Annual/Special Ticker: MGR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2.1 Elect John Mulcahy as Director For For

For For Elect James M. Millar as Director 2.2

For For Elect Jane Hewitt as Director 2.3

For For Elect Peter Nash as Director 2.4


For For Approve Long-Term Performance Plan 4.1

For For Approve General Employee Exemption Plan 4.2

For For Approve Participation of Susan Lloyd-Hurwitz in

the Long-Term Performance Plan

5

Vote Summary Report


Mirvac Group Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Abstain For Ratify Past Issuance of Stapled Securities to Institutional, Professional and Other Wholesale

Investors

6

Voter Rationale: item 6 is excluded.

Blended Rationale: item 6 is excluded.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect John Mulcahy as Director 2.1

For For Elect James M. Millar as Director 2.2

For For Elect Jane Hewitt as Director 2.3

For For Elect Peter Nash as Director 2.4


For For Approve Long-Term Performance Plan 4.1

For For Approve General Employee Exemption Plan 4.2

For For Approve Participation of Susan Lloyd-Hurwitz in

the Long-Term Performance Plan

5

For For Ratify Past Issuance of Stapled Securities to Institutional, Professional and Other Wholesale Investors

6

Monadelphous Group Limited


Meeting Type: Annual Ticker: MND

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Calogero Giovanni Battista Rubino as Director

For For

For For Elect Dietmar Robert Voss as Director 2

For For Elect Susan Lee Murphy as Director 3


4

For For Approve Grant of Performance Rights to Robert Velletri

5

Vote Summary Report


Monadelphous Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


New Hope Corporation Limited


Meeting Type: Annual Ticker: NHC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: Excessive weighting to non-financial measures in the STI and LTI. Non-disclosure of substantial components of the performance thresholds and targets.

Blended Rationale: Excessive weighting to non-financial measures in the STI and LTI. Non-disclosure of substantial components of the performance thresholds and targets.

For For Elect Ian Williams as Director 2

For For Elect Thomas Millner as Director 3

For For Approve Issuance of Performance Rights to

Shane Stephan

4

New World Development Co. Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Cheng Chi-Kong Adrian as Director 3a

Against For Elect Yeung Ping-Leung, Howard as Director 3b

Blended Rationale: A vote AGAINST Howard Yeung Ping Leung is warranted given that he has failed to attend at least 75 percent of board and committee meetings in the most recent fiscal year, without a satisfactory explanation.

For For Elect Ho Hau-Hay, Hamilton as Director 3c

For For Elect Lee Luen-Wai, John as Director 3d

Vote Summary Report


New World Development Co. Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Cheng Chi-Heng as Director 3e

For For Elect Au Tak-Cheong as Director 3f

For For Authorize Board to Fix Remuneration of Directors

3g

For For Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration

4

For For Authorize Repurchase of Issued Share Capital 5


6

Blended Rationale: A vote AGAINST this resolution is warranted given that the specified discount limit exceeds 10 percent.

Against For Approve Grant of Options Under the Share Option Scheme

7

Blended Rationale: A vote AGAINST this resolution is warranted because:- The company could be considered a mature company, and the limit under the proposed scheme is 10 percent of the company's issued capital.- The scheme lacks challenging performance criteria and meaningful vesting periods.- The directors eligible to receive options under the scheme are involved in the administration of the scheme.

Oracle Corporation


Meeting Type: Annual Ticker: ORCL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Jeffrey S. Berg For For

For For Elect Director Michael J. Boskin 1.2

For For Elect Director Safra A. Catz 1.3

Withhold For Elect Director Bruce R. Chizen 1.4

Voter Rationale: Incumbent chair of Governance Committee and ongoing concerns regarding substantial pledging activity and risk oversight

Blended Rationale: Incumbent chair of Governance Committee and ongoing concerns regarding substantial pledging activity and risk oversight

Withhold For Elect Director George H. Conrades 1.5

Voter Rationale: Chair of the executive pay committee and longstanding concerns about insufficient responsiveness to shareholder concerns with executive pay at the company.

Blended Rationale: Chair of the executive pay committee and longstanding concerns about insufficient responsiveness to shareholder concerns with executive pay at the company.

For For Elect Director Lawrence J. Ellison 1.6

Vote Summary Report


Oracle Corporation Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Rona A. Fairhead 1.7

For For Elect Director Jeffrey O. Henley 1.9

For For Elect Director Renee J. James 1.11

Withhold For Elect Director Charles W. Moorman, IV 1.12

Voter Rationale: Incumbent Compensation Committee member and longstanding concerns about insufficient responsiveness to shareholder concerns with executive pay at the company.

Blended Rationale: Incumbent Compensation Committee member and longstanding concerns about insufficient responsiveness to shareholder concerns with executive pay at the company.

Withhold For Elect Director Leon E. Panetta 1.13



For For Elect Director William G. Parrett 1.14

Withhold For Elect Director Naomi O. Seligman 1.15





2

Voter Rationale: longstanding concerns about excessive quantum and award of supplemental awards lacking majority performance conditions and insufficient responsiveness of compensation committee to shareholder concerns following low support for last year's say-on-pay proposal.

Blended Rationale: longstanding concerns about excessive quantum and award of supplemental awards lacking majority performance conditions and insufficient responsiveness of compensation committee to shareholder concerns following low support for last year's say-on-pay proposal.


For Against Report on Gender Pay Gap 4

Voter Rationale: The company is required to report on the gender pay gap and outline actions reducing it. Given the company is lagging peers in this respect and the direction of travel globally is towards better disclosure and actions to reduce the gender pay gap, a vote "for" is warranted in this case.

Blended Rationale: The company is required to report on the gender pay gap and outline actions reducing it. Given the company is lagging peers in this respect and the direction of travel globally is towards better disclosure and actions to reduce the gender pay gap, a vote "for" is warranted in this case.

Against Against Require Independent Board Chairman 5

Pro Medicus Limited


Meeting Type: Annual Ticker: PME

Vote Summary Report


Pro Medicus Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Anthony Glenning as Director 3a

For For Elect Sam Hupert as Director 3b

Propel Funeral Partners Limited


Meeting Type: Annual Ticker: PFP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Elect Naomi Edwards as Director For For


For For Approve Financial Assistance in Relation to Acquisition

4

For For Ratify Past Issuance of Shares in Connection with the Acquisition of Morleys Funerals Pty Ltd

5

For For Approve Issuance of Shares in Connection with the Acquisition of Dils Funeral Services Limited

6

REA Group Limited


Meeting Type: Annual Ticker: REA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Against For Elect Tracey Fellows as Director 3a

Blended Rationale: The nominee is non-independent and the full board comprises less than 50% independent.

Vote Summary Report


REA Group Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Elect Richard Freudenstein as Director 3b

Blended Rationale: The nominee is non-independent and the full board comprises less than 50% independent.The nominee is non-independent member of the audit, compensation, and nomination committee and the committee less than 50% independent.

Against For Elect Michael Miller as Director 3c

Blended Rationale: The nominee is non-independent and the full board comprises less than 50% independent.

For For Approve Grant of Performance Rights to Owen Wilson

4

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Tracey Fellows as Director 3a

For For Elect Richard Freudenstein as Director 3b

For For Elect Michael Miller as Director 3c

For For Approve Grant of Performance Rights to Owen Wilson

4

Saracen Mineral Holdings Limited


Meeting Type: Annual Ticker: SAR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect John Richards as Director For For

For For Elect Martin Reed as Director 2


Voter Rationale: A vote AGAINST the remuneration report is warranted due to the high concern identified in the ISS quantitative pay for performance analysis which stems for a problematic and excessive retention grant to the CEO

Blended Rationale: A vote AGAINST the remuneration report is warranted due to the high concern identified in the ISS quantitative pay for performance analysis which stems for a problematic and excessive retention grant to the CEO


Raleigh Finlayson

4



5

Vote Summary Report


Shennan Circuits Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Rules and Procedures Regarding Meetings of Board of Directors

For Against

Voter Rationale: insufficient transparency provided

Blended Rationale: insufficient transparency provided

For For Amend Working System for Independent Directors

2

For For Amend Management System of Raised Funds 3

Against For Approve Change of Registered Address and Amendments to Articles of Association

4

Voter Rationale: insufficient transparency provided

Blended Rationale: insufficient transparency provided

For For Amend Rules and Procedures Regarding General Meetings of Shareholders

5

Sonic Healthcare Limited


Meeting Type: Annual Ticker: SHL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Jane Wilson as Director For For

For For Elect Philip Dubois as Director 2


For For Approve Grant of Long-Term Incentives to Colin

Goldschmidt

4

For For Approve Grant of Long-Term Incentives to Chris

Wilks

5

STEMMER IMAGING AG

Meeting Date: 11/19/2019 Country: Germany

Meeting Type: Annual Ticker: S9I

Vote Summary Report


STEMMER IMAGING AG

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Approve Allocation of Income and Dividends of

EUR 0.50 per Share

For For

For For Approve Discharge of Management Board for

Fiscal 2018/19

3

For For Approve Discharge of Supervisory Board for

Fiscal 2018/19

4

For For Change Fiscal Year End to Dec. 31 5

For For Ratify Ebner Stolz GmbH & Co. KG as Auditors

for Short Fiscal July 1 - Dec. 31, 2019

6

The a2 Milk Company Limited


Meeting Type: Annual Ticker: ATM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorize Board to Fix Remuneration of the Auditors

For For

For For Elect Pip Greenwood as Director 2


The Hain Celestial Group, Inc.


Meeting Type: Annual Ticker: HAIN

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director Richard A. Beck For For

For For Elect Director Celeste A. Clark 1b

For For Elect Director Dean Hollis 1c

For For Elect Director Shervin J. Korangy 1d

Vote Summary Report


The Hain Celestial Group, Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Roger Meltzer 1e

For For Elect Director Mark L. Schiller 1f

For For Elect Director Michael B. Sims 1g

For For Elect Director Glenn W. Welling 1h

For For Elect Director Dawn M. Zier 1i


2


Wisetech Global Limited


Meeting Type: Annual Ticker: WTC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: Bottom Quartile for NTA Growth

Blended Rationale: Bottom Quartile for NTA Growth

For For Elect Michael Gregg as Director 3

Alpha Bank SA

Meeting Date: 11/20/2019 Country: Greece

Meeting Type: Special Ticker: ALPHA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Amend Company Articles For For


For For Approve Severance Agreements with Executives 3

Vote Summary Report


BluGlass Limited


Meeting Type: Annual Ticker: BLG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: Non-executive directors receive performance rights compromising board independence.

Blended Rationale: Non-executive directors receive performance rights compromising board independence.

For For Elect William Johnson as Director 2

For For Elect Stephe Wilks as Director 3

Brinker International, Inc.


Meeting Type: Annual Ticker: EAT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.2 Elect Director Cynthia (Cindy) L. Davis For For

For For Elect Director Joseph M. DePinto 1.3

For For Elect Director Harriet Edelman 1.4

For For Elect Director William T. Giles 1.5

For For Elect Director James C. Katzman 1.6

For For Elect Director George R. Mrkonic 1.7

For For Elect Director Prashant N. Ranade 1.8

For For Elect Director Wyman T. Roberts 1.9




3

Voter Rationale: Pay for performance misalignment.Concerns regarding rigour and sufficient disclosure of financial metric performance targets; special performance option grant's problematic allowance for multiple vesting opportunities.

Blended Rationale: Pay for performance misalignment.Concerns regarding rigour and sufficient disclosure of financial metric performance targets; special performance option grant's problematic allowance for multiple vesting opportunities.

Vote Summary Report


Campbell Soup Company


Meeting Type: Annual Ticker: CPB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Fabiola R. Arredondo For For

For For Elect Director Howard M. Averill 1.2

For For Elect Director John P. (JP) Bilbrey 1.3

For For Elect Director Mark A. Clouse 1.4

For For Elect Director Bennett Dorrance 1.5

For For Elect Director Maria Teresa (Tessa) Hilado 1.6

For For Elect Director Sarah Hofstetter 1.7

For For Elect Director Marc B. Lautenbach 1.8

For For Elect Director Mary Alice Dorrance Malone 1.9

For For Elect Director Keith R. McLoughlin 1.10

For For Elect Director Kurt T. Schmidt 1.11

For For Elect Director Archbold D. van Beuren 1.12



3


Clinuvel Pharmaceuticals Limited


Meeting Type: Annual Ticker: CUV

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Brenda Shanahan as Director 2

For For Elect Susan Smith as Director 3

Vote Summary Report


Clinuvel Pharmaceuticals Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Approve Grant of Performance Rights to Philippe Wolgen

4

Voter Rationale: The quantum of the grant of around $46 million is excessive (being approximately 33 times the CEO's new contractual fixed base remuneration); and the minimum vesting period is below three-years, which is inconsistent with Australian market expectations.

Blended Rationale: The quantum of the grant of around $46 million is excessive (being approximately 33 times the CEO's new contractual fixed base remuneration); and the minimum vesting period is below three-years, which is inconsistent with Australian market expectations.

For None Approve the Increase in Non-Executive Directors' Remuneration Pool

5

Goodman Group


Meeting Type: Annual Ticker: GMG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Appoint KPMG as Auditors of Goodman Logistics (HK) Limited and Authorize the Board to Fix Their Remuneration

For For

Against For Elect Phillip Pryke as Director 2

Voter Rationale: Ongoing concerns regarding the structure, composition and governance of the board. A vote AGAINST the re-election of Phillip Pryke is warranted given his role as Chairman of the Remuneration and Nomination Committee when problematic remuneration practices have been observed.

Blended Rationale: Ongoing concerns regarding the structure, composition and governance of the board. A vote AGAINST the re-election of Phillip Pryke is warranted given his role as Chairman of the Remuneration and Nomination Committee when problematic remuneration practices have been observed.

For For Elect Anthony Rozic as Director 3

For For Elect Chris Green as Director 4



Gregory Goodman

6

Voter Rationale: "The quantum of the grants to the CEO and Executivedirectors is generous and excessive relative to market."

Blended Rationale: "The quantum of the grants to the CEO and Executivedirectors is generous and excessive relative to market."


Danny Peeters

7



Vote Summary Report


Goodman Group Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Approve Issuance of Performance Rights to Anthony Rozic

8




Independence Group NL


Meeting Type: Annual Ticker: IGO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Peter Buck as Director For For

For For Elect Kathleen Bozanic as Director 2


For For Approve IGO Employee Incentive Plan 4

For For Approve Issuance of Service Rights to Peter Bradford

5

For For Approve Issuance of Performance Rights to Peter Bradford

6

For For Approve the Change of Company Type from a Public No Liability Company to a Public

Company Limited by Shares

7

For For Approve the Change of Company Name to IGO Limited

8

For For Approve Replacement of Constitution 9

Integrated Research Limited


Meeting Type: Annual Ticker: IRI

Vote Summary Report


Integrated Research Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: A portion of the CFO's performance rights will vest after two years, which is not in line with local market standards, which is 3 years.

Blended Rationale: A portion of the CFO's performance rights will vest after two years, which is not in line with local market standards, which is 3 years.

For For Approve Issuance of 106,707 Performance Rights to John Ruthven

2

Against For Approve Issuance of 45,731 Performance Rights to John Ruthven

3

Voter Rationale: "The vesting of the award is conditioned solely on continued employmentof three years rather than on performance conditions."

Blended Rationale: "The vesting of the award is conditioned solely on continued employmentof three years rather than on performance conditions."

For For Elect Garry Dinnie as Director 4

For For Elect Peter Lloyd as Director 5

Jpmorgan Funds - America Equity Fund

Meeting Date: 11/20/2019 Country: Luxembourg

Meeting Type: Annual Ticker: KHZCV5.F

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Audited Annual Report for the Fund For For

For For Approve Discharge of Directors 3

For For Approve Remuneration of Directors for the

Accounting Year Ended 30 June 2019

4

For For Approve Remuneration of Directors for the

Accounting Year Ending 30 June 2020

5

For For Re-Elect Susanne van Dootingh, Peter Schwicht

and Iain Saunders as Directors for 3 Years

6

For For Elect Martin Porter as Director for 1 Year 7

For For Renew Appointment of PricewaterhouseCoopers as Auditor and Authorize Board to Agree on Their Terms of Appointment

8

Vote Summary Report


Jpmorgan Funds - America Equity Fund Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Allocation of Income and Dividends 9

Lendlease Group


Meeting Type: Annual/Special Ticker: LLC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect David Craig as Director For For

For For Elect Nicola Wakefield Evans as Director 2b



Stephen McCann

4

Mapletree Logistics Trust

Meeting Date: 11/20/2019 Country: Singapore

Meeting Type: Special Ticker: M44U

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Proposed Acquisitions of the Properties as Interested Person Transactions

For For

Mineral Resources Limited


Meeting Type: Annual Ticker: MIN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Kelvin Flynn as Director 2

Vote Summary Report


Mineral Resources Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Xi Xi as Director 3


Net 1 UEPS Technologies, Inc.


Meeting Type: Annual Ticker: UEPS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Herman G. Kotze For For

For For Elect Director Alex M.R. Smith 1.2

Withhold For Elect Director Christopher S. Seabrooke 1.3

Blended Rationale: WITHHOLD votes are warranted for Christopher (Chris) Seabrooke for serving on more than three public boards while serving as a CEO of an outside company. A vote FOR the remaining director nominees is warranted.

For For Elect Director Alasdair J.K. Pein 1.4

For For Elect Director Paul Edwards 1.5

For For Elect Director Alfred T. Mockett 1.6

For For Elect Director Ekta Singh-Bushell 1.7

For For Ratify Deloitte & Touche (South Africa) as

Auditors

2



3

News Corporation


Meeting Type: Annual Ticker: NWSA

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1a Elect Director K. Rupert Murdoch For For

For For Elect Director Lachlan K. Murdoch 1b

For For Elect Director Robert J. Thomson 1c

Vote Summary Report


News Corporation Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Kelly Ayotte 1d

Against For Elect Director Jose Maria Aznar 1e

Voter Rationale: Board renewal in need of more media and internet experience.

Blended Rationale: Board renewal in need of more media and internet experience.

Against For Elect Director Natalie Bancroft 1f



Against For Elect Director Peter L. Barnes 1g



Against For Elect Director Joel I. Klein 1h



For For Elect Director James R. Murdoch 1i

Against For Elect Director Ana Paula Pessoa 1j



Against For Elect Director Masroor Siddiqui 1k






3


Origin Enterprises Plc

Meeting Date: 11/20/2019 Country: Ireland

Meeting Type: Annual Ticker: OIZ

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For

Vote Summary Report


Origin Enterprises Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Re-elect Kate Allum as Director 3a

For For Re-elect Gary Britton as Director 3b

For For Re-elect Sean Coyle as Director 3c

For For Re-elect Declan Giblin as Director 3d

For For Re-elect Rose Hynes as Director 3e

For For Re-elect Hugh McCutcheon as Director 3f

For For Re-elect Tom O'Mahony as Director 3g

For For Re-elect Christopher Richards as Director 3h





7a



7b

For For Authorise Market Purchase of Ordinary Shares 8a

For For Authorise Reissuance Price Range at which Treasury Shares May be Re-issued Off-Market

8b

For For Amend Long Term Incentive Plan 9

Platinum Asset Management Ltd.


Meeting Type: Annual Ticker: PTM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect Anne Loveridge as Director For Against

Vote Summary Report


Platinum Asset Management Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Voter Rationale: she is a nonindependent member of a board that is not majority independent (only 33-percent independent); (ii) she serves as the chair of the Audit, Risk & Compliance Committee and the company has paid its auditors non-audit fees which are in excess of audit fees over the last four years; and (iii) she was a former senior partner at PwC until her retirement in November 2015 and PwC has been the company's auditors since 2007.

Blended Rationale: she is a nonindependent member of a board that is not majority independent (only 33-percent independent); (ii) she serves as the chair of the Audit, Risk & Compliance Committee and the company has paid its auditors non-audit fees which are in excess of audit fees over the last four years; and (iii) she was a former senior partner at PwC until her retirement in November 2015 and PwC has been the company's auditors since 2007.

For For Elect Kerr Neilson as Director 2b

Against For Elect Elizabeth Norman as Director 2c

Voter Rationale: She is one of four executive directors on a board that is not majority independent.

Blended Rationale: She is one of four executive directors on a board that is not majority independent.


Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Elect Anne Loveridge as Director 2a

Blended Rationale: Vote against non-independent Board and committee members if independence on either is below 50%.Vote against audit committee Chair if not independent.A vote AGAINST the re-election of Anne Loveridge (Item 2a) is warranted because of the following concerns:- She is a non-independent member of a board which is not majority independent (only 33-percent independent);- She serves as the chair of the Audit, Risk & Compliance Committee and the company has paid its auditors, PwC, non-audit fees, which are in excess of audit fees over the last four years; and- She was a former senior partner at PwC until her retirement in November 2015 and PwC has been the company's auditors since 2007.Further, some shareholders may have concerns that Ms Loveridge held a senior role at National Australia Bank (NAB) over the past four years as a director and chairman of the Remuneration Committee, which presided over the largest "strike" against a remuneration report in this market. Material failures in governance, stewardship, risk oversight and fiduciary responsibility have been identified at NAB at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and various regulatory and class actions.

For For Elect Kerr Neilson as Director 2b

For For Elect Elizabeth Norman as Director 2c


Blended Rationale: Vote against if the weighting of non-financial targets exceeds 50% of the bonus.

PT Unilever Indonesia Tbk

Meeting Date: 11/20/2019 Country: Indonesia

Meeting Type: Special Ticker: UNVR

Vote Summary Report


PT Unilever Indonesia Tbk

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.a.1 Approve Resignation of Amparo Cheung Aswin

as Director

For For

For For Elect Rizki Raksanugraha as Director 1.a.2

For For Approve Resignation of Vikram Kumaraswamy

as Director

1.a.3

For For Elect Arif Hudaya as Director 1.a.4

For For Approve Stock Split and Amend Articles of

Association in Relation to the Stock Split

2

Shopping Centres Australasia Property Group RE Ltd.


Meeting Type: Annual Ticker: SCP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Belinda Robson as Director 2

For For Elect Steven Crane as Director 3

For For Elect Beth Laughton as Director 4

For For Approve Executive Incentive Plan 5

For For Approve Issuance of Short Term Incentive Rights to Anthony Mellowes

6

For For Approve Issuance of Long Term Incentive Rights to Anthony Mellowes

7

For For Approve Issuance of Short Term Incentive Rights to Mark Fleming

8

For For Approve Issuance of Long Term Incentive Rights to Mark Fleming

9

The Clorox Company


Meeting Type: Annual Ticker: CLX

Vote Summary Report


The Clorox Company

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Amy Banse For For

For For Elect Director Richard H. Carmona 1.2

For For Elect Director Benno Dorer 1.3

For For Elect Director Spencer C. Fleischer 1.4

For For Elect Director Esther Lee 1.5

For For Elect Director A.D. David Mackay 1.6

For For Elect Director Robert W. Matschullat 1.7

For For Elect Director Matthew J. Shattock 1.8

For For Elect Director Pamela Thomas-Graham 1.9

For For Elect Director Russell J. Weiner 1.10

For For Elect Director Christopher J. Williams 1.11



2


For For Eliminate Supermajority Vote Requirement to

Approve Certain Business Combinations

4

Trinseo S.A.

Meeting Date: 11/20/2019 Country: Luxembourg

Meeting Type: Special Ticker: TSE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Mark Tomkins For For

For For Elect Director Sandra Beach Lin 1.2

Webjet Limited


Meeting Type: Annual Ticker: WEB

Vote Summary Report


Webjet Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: Bottom Quartile for NTA growth over 5 years.

Blended Rationale: Bottom Quartile for NTA growth over 5 years.

For For Elect Shelley Roberts as Director 2

Wilson Bayly Holmes-Ovcon Ltd.


Meeting Type: Annual Ticker: WBO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Reappoint BDO South Africa Inc as Auditors of the Company and Appoint J Schoeman as the

Designated Auditor

For For

For For Re-elect Karen Forbay as Director 2.1

For For Re-elect Savannah Maziya as Director 2.2

For For Elect Cobus Bester as Director 2.3

For For Re-elect Cobus Bester as Chairperson of the Audit Committee

3.1

For For Re-elect Ross Gardiner as Member of the Audit Committee

3.2

For For Re-elect Savannah Maziya as Member of the Audit Committee

3.3

For For Re-elect Karen Forbay as Member of the Audit Committee

3.4


For For Approve Remuneration Policy and Implementation Report

5

For For Place Authorised but Unissued Shares under Control of Directors

6


For For Approve Non-executive Directors' Fees 1


2

Vote Summary Report


Wilson Bayly Holmes-Ovcon Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Alviva Holdings Ltd.


Meeting Type: Annual Ticker: AVV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Repurchase of Issued Share Capital For For

For For Approve Financial Assistance in Terms of

Section 44 of the Companies Act

2

For For Approve Non-executive Director's Fees 5

For For Re-elect Seadimo Chaba as Director 1.1

For For Elect Mathukana Mokoka as Director 1.2

For For Elect PN Masemola as Director 1.3

For For Re-elect Parmi Natesan as Chairperson of the


2.1

For For Re-elect Seadimo Chaba as Member of the Audit

and Risk Committee

2.2

For For Elect Mathukana Mokoka as Member of the


2.3

For For Reappoint SizweNtsalubaGobodo Grant Thornton Incorporated as Auditors of the Company and Appoint Abendran Govender as

the Designated Partner

3


For For Approve Remuneration Implementation Report 4.2



5


For For Amend the Forfeitable Share Plan Rules 7


Vote Summary Report


BlueScope Steel Limited


Meeting Type: Annual Ticker: BSL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Ewen Graham Wolseley Crouch as Director 3

For For Approve Grant of Share Rights to Mark Royce Vassella

4

For For Approve Grant of Alignment Rights to Mark Royce Vassella

5

For For Approve On-Market Buy-Back of Shares 6

BWX Limited


Meeting Type: Annual Ticker: BWX

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Fiona Bennett as Director 2

For For Elect Jodie Leonard as Director 3

For For Elect Rod Walker as Director 4

For For Approve Grant of Share Rights to David Fenlon 5

CDK Global, Inc.


Meeting Type: Annual Ticker: CDK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Leslie A. Brun For For

Vote Summary Report


CDK Global, Inc. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Director Willie A. Deese 1b

For For Elect Director Amy J. Hillman 1c

For For Elect Director Brian M. Krzanich 1d

For For Elect Director Stephen A. Miles 1e

For For Elect Director Robert E. Radway 1f

For For Elect Director Stephen F. Schuckenbrock 1g

For For Elect Director Frank S. Sowinski 1h

For For Elect Director Eileen J. Voynick 1i


2



City Chic Collective Limited


Meeting Type: Annual Ticker: CCX

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Michael Hardwick as Director 2

Against For Approve the Increase in Maximum Aggregate


3

Voter Rationale: "Based on these factors, and assuming that there is no increase to director fees during the year. This would leave $307,865, which would enable the company to increase director fees by 105.38 percent without breaching the current fee cap of $600,000.Should shareholders approve the proposed increase in fee cap, the company would then be allowed to increase director fees by up to 242.31 percent. This proposed degree of flexibility is unreasonable in light of the room under the current fee cap.As such, the request does not warrant shareholder support. The company is advised to provide a rationale for any fee cap increase and to request for a more reasonably sized increase."

Blended Rationale: "Based on these factors, and assuming that there is no increase to director fees during the year. This would leave $307,865, which would enable the company to increase director fees by 105.38 percent without breaching the current fee cap of $600,000.Should shareholders approve the proposed increase in fee cap, the company would then be allowed to increase director fees by up to 242.31 percent. This proposed degree of flexibility is unreasonable in light of the room under the current fee cap.As such, the request does not warrant shareholder support. The company is advised to provide a rationale for any fee cap increase and to request for a more reasonably sized increase."

For For Approve 2019 Employee Share Plan 4

For For Approve Issuance of Shares to Phil Ryan 5

Vote Summary Report


Close Brothers Group Plc


Meeting Type: Annual Ticker: CBG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Re-elect Mike Biggs as Director 4

For For Re-elect Preben Prebensen as Director 5

For For Re-elect Mike Morgan as Director 6

For For Re-elect Oliver Corbett as Director 7

For For Elect Peter Duffy as Director 8

For For Re-elect Geoffrey Howe as Director 9

For For Re-elect Lesley Jones as Director 10

For For Re-elect Bridget Macaskill as Director 11


12



For For Authorise Issue of Equity in Relation to the Issue of AT1 Securities

15


16



17

For For Authorise Issue of Equity without Pre-emptive Rights in Relation to the Issue of AT1 Securities

18



20

Vote Summary Report


CNOOC Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Non-exempt Continuing Connected Transactions

For For

For For Approve Proposed Caps for Each Category of the Non-exempt Continuing Connected

Transactions

2

Cracker Barrel Old Country Store, Inc.


Meeting Type: Annual Ticker: CBRL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Director Thomas H. Barr For For

For For Elect Director Carl T. Berquist 1.2

For For Elect Director Sandra B. Cochran 1.3

For For Elect Director Meg G. Crofton 1.4

For For Elect Director Richard J. Dobkin 1.5

For For Elect Director Norman E. Johnson 1.6

For For Elect Director William W. McCarten 1.7

For For Elect Director Coleman H. Peterson 1.8

For For Elect Director Andrea M. Weiss 1.9



2

Blended Rationale: Vote against if vesting period is less than 3 years


Ferguson Plc

Meeting Date: 11/21/2019 Country: Jersey

Meeting Type: Annual Ticker: FERG

Vote Summary Report


Ferguson Plc

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For


Voter Rationale: excessive increases in remuneration when company is more simplistic.

Blended Rationale: excessive increases in remuneration when company is more simplistic.





For For Re-elect Tessa Bamford as Director 5

For For Re-elect Gareth Davis as Director 6

For For Elect Geoff Drabble as Director 7

For For Elect Catherine Halligan as Director 8

For For Re-elect Kevin Murphy as Director 9

For For Re-elect Alan Murray as Director 10

For For Re-elect Michael Powell as Director 11

For For Elect Tom Schmitt as Director 12

For For Re-elect Dr Nadia Shouraboura as Director 13

For For Re-elect Jacqueline Simmonds as Director 14

For For Reappoint Deloitte LLP as Auditors 15



16


Expenditure

17


Against For Amend Long Term Incentive Plan 2019 19




Rights

20


21

Vote Summary Report


Ferguson Plc Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Hansen Technologies Limited


Meeting Type: Annual Ticker: HSN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Bruce Adams as Director 2

For For Elect Jennifer Douglas as Director 3

For For Approve Grant of Performance Rights to Andrew

Hansen

4



5

IPH Limited


Meeting Type: Annual Ticker: IPH

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

3a Elect John Atkin as Director For For

For For Elect Jingmin Qian as Director 3b

For For Approve IPH Limited Employee Incentive Plan 4

For For Approve Issuance of Performance Rights to Andrew Blattman

5


6

For For Approve Grant of Financial Assistance by Xenith IP Group Ltd

7a

For For Approve Grant of Financial Assistance by Shelston IP Pty Ltd

7b

For For Approve Grant of Financial Assistance by Griffith Hack Holdings Pty Ltd

7c

Vote Summary Report


IPH Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Grant of Financial Assistance by GH PTM Pty Ltd

7d


JD Wetherspoon Plc


Meeting Type: Annual Ticker: JDW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For



For For Re-elect Tim Martin as Director 4

For For Re-elect John Hutson as Director 5

For For Re-elect Su Cacioppo as Director 6

For For Re-elect Ben Whitley as Director 7

For For Re-elect Debra van Gene as Director 8

For For Re-elect Sir Richard Beckett as Director 9

For For Re-elect Harry Morley as Director 10

For For Reappoint Grant Thornton LLP as Auditors and

Authorise Their Remuneration

11



Rights

13




15

JD Wetherspoon Plc


Meeting Type: Special Ticker: JDW

Vote Summary Report


JD Wetherspoon Plc

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Waiver of Rule 9 of the Takeover Code For For

Johns Lyng Group Limited


Meeting Type: Annual Ticker: JLG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Against For Elect Lindsay Barber as Director 2

Voter Rationale: He is one of four executive directors on a non-majority independent board.

Blended Rationale: He is one of four executive directors on a non-majority independent board.

Against For Approve Issuance of Performance Rights to Scott Didier

3A

Voter Rationale: Unacceptable vesting period, vesting period of the proposed grant is not in line with local market standards, which recommend substantial vesting only after at least three years. Also Non-disclosure of ROE targets.

Blended Rationale: Unacceptable vesting period, vesting period of the proposed grant is not in line with local market standards, which recommend substantial vesting only after at least three years. Also Non-disclosure of ROE targets.

Against For Approve Issuance of Performance Rights to Lindsay Barber

3B




Matthew Lunn

3C




Adrian Gleeson

3D



Vote Summary Report


Moscow Exchange MICEX-RTS PJSC

Meeting Date: 11/21/2019 Country: Russia

Meeting Type: Special Ticker: MOEX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Early Termination of Powers of Audit Commission

For For

For For Elect Mikhail Kireev as Member of Audit Commission

2.1

For For Elect Natalia Perchatkina as Member of Audit Commission

2.2

For For Elect Olga Romantsova as Member of Audit Commission

2.3

Noni B Limited


Meeting Type: Annual Ticker: NBL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Against For Elect David Wilshire as Director 2

Voter Rationale: "Concern on the board's lack of independence. Local market standards call for boards to have a majority of independent directors and make noexception for companies with a substantial or controlling shareholders. "

Blended Rationale: "Concern on the board's lack of independence. Local market standards call for boards to have a majority of independent directors and make noexception for companies with a substantial or controlling shareholders. "

For For Elect Jacqueline A Frank as Director 3

For For Approve the Change of Company Name to Mosaic Brands Limited

4

Against None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

5

For For Approve Issuance of Bonus Shares to Scott Evans

6

Qube Holdings Limited


Meeting Type: Annual Ticker: QUB

Vote Summary Report


Qube Holdings Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Allan Davies as Director For For

For For Elect Alan Miles as Director 2

For For Elect John Stephen Mann as Director 3


For For Approve Grant of Share Appreciation Rights to

Maurice James

5

For For Approve Qube Long Term Incentive (SAR) Plan 6

For For Approve Grant of Financial Assistance in

Relation to the MCS Acquisition

7

ResMed Inc.


Meeting Type: Annual Ticker: RMD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Carol Burt For For

For For Elect Director Jan De Witte 1b

For For Elect Director Rich Sulpizio 1c



3

Resolute Mining Limited


Meeting Type: Special Ticker: RSG

Vote Summary Report


Resolute Mining Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Issuance of Performance Rights to

John Welborn

For Against

Voter Rationale: "The quantum is excessive and there is insufficient justification for thisadditional grant of incentive remuneration, when the CEO already has STI and LTI opportunities in place which are consistent with shareholder expectations, peers and market practice."

Blended Rationale: "The quantum is excessive and there is insufficient justification for thisadditional grant of incentive remuneration, when the CEO already has STI and LTI opportunities in place which are consistent with shareholder expectations, peers and market practice."

Rhipe Limited


Meeting Type: Annual Ticker: RHP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: " The vesting period of incentive securities granted by the company is not inline with local market standards, which recommend substantial vesting only after at least three years."

Blended Rationale: " The vesting period of incentive securities granted by the company is not inline with local market standards, which recommend substantial vesting only after at least three years."

For For Elect Mark Pierce as Director 3

For For Elect Michael Tierney as Director 4

For For Elect Gary Cox as Director 5

For For Elect Olivier Dispas as Director 6

For For Elect Inese Kingsmill as Director 7

For For Ratify Past Issuance of Shares to Heidi & Kris

Pty Limited

8


Dominic O'Hanlon

9

Voter Rationale: The proposed performance rights are only subject to a two-year performance period, which is also not in line with local market standards

Blended Rationale: The proposed performance rights are only subject to a two-year performance period, which is also not in line with local market standards

For None Approve the Increase in Maximum Aggregate


10

Vote Summary Report


SomnoMed Limited


Meeting Type: Annual Ticker: SOM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Lee Ausburn as Director 3

For For Elect Robert Scherini as Director 4

TAURON Polska Energia SA

Meeting Date: 11/21/2019 Country: Poland

Meeting Type: Special Ticker: TPE

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Elect Meeting Chairman For For

For For Approve Agenda of Meeting 4

For For Waive Secrecy for Elections of Members of Vote

Counting Commission

5

For For Elect Members of Vote Counting Commission 6

Against None Amend Dec. 15, 2016, EGM, Resolution, May 29, 2017, AGM, Resolution and May 8, 2019, AGM, Resolution Re: Approve Remuneration Policy for Management Board Members

7

Against None Amend Dec. 15, 2016, EGM, Resolution Re: Approve Remuneration Policy for Supervisory Board Members

8

Against None Approve Changes in Composition of Supervisory

Board

9

Tonly Electronics Holdings Limited



Vote Summary Report


Tonly Electronics Holdings Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Revision of Annual Cap Under the

Master Sale and Purchase (2019) Agreement

For For

Against For Approve Master Financial Services (2019 Renewal) Agreement, Relevant Proposed Annual Caps and Related Transactions

2

Voter Rationale: The proposed related-party transactions include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.

Blended Rationale: The proposed related-party transactions include a financial service agreement with the group finance company, which may expose the company to unnecessary risks.

For For Approve Master Sale and Purchase (2019 Renewal) Agreement, Relevant Proposed Annual


3

Western Areas Ltd.


Meeting Type: Annual Ticker: WSA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Ian Macliver as Director For For



For For Approve Grant of Performance Rights to Daniel

Lougher

4

Arena REIT


Meeting Type: Annual/Special Ticker: ARF

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Rosemary Hartnett as Director 2

Vote Summary Report


Arena REIT Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Simon Parsons as Director 3

For For Ratify Past Issuance of Securities to Existing and New Institutional Investors

4

For For Approve Grant of Deferred STI Rights to Rob de Vos

5

For For Approve Grant LTI Performance Rights to Rob de Vos

6

For For Approve Grant of Deferred STI Rights to Gareth Winter

7

For For Approve Grant of LTI Performance Rights to Gareth Winter

8

Base Resources Limited


Meeting Type: Annual Ticker: BSE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Against For Elect Malcolm Macpherson as Director 2

Voter Rationale: "He is a member of the company's audit committee and the company is paying its auditor a high level of fees for services not related to the audit function. Excessive fees generated from non-audit services could pose a potential conflict of interest for the audit firm and impair itsindependent judgment."

Blended Rationale: "He is a member of the company's audit committee and the company is paying its auditor a high level of fees for services not related to the audit function. Excessive fees generated from non-audit services could pose a potential conflict of interest for the audit firm and impair itsindependent judgment."

Against For Elect Colin Bwye as Director 3

Voter Rationale: Australian governance standards do not support multiple executive directors serving on non-majority independent boards

Blended Rationale: Australian governance standards do not support multiple executive directors serving on non-majority independent boards

For For Approve Grant of Performance Rights to Tim

Carstens

4

For For Approve Grant of Performance Rights to Colin

Bwye

5

Vote Summary Report


Clover Corp. Ltd.


Meeting Type: Annual Ticker: CLV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Merilyn Sleigh as Director 2

Against For Elect Graeme Billings as Director 3

Voter Rationale: overboarding concerns

Blended Rationale: overboarding concerns

For For Approve Variation of Performance Rights Granted to Peter Davey Under the Long Term

Incentive Plan

4

For For Approve Leaving Benefit of Peter Davey due to Early Vesting of Performance Rights

5

CPN Retail Growth Leasehold REIT

Meeting Date: 11/22/2019 Country: Thailand

Meeting Type: Special Ticker: CPNREIT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Investment in Group-1 Assets from Central Pattana Public Company Limited, Appointment of Property Manager and

Connected Transactions of the REIT Manager

For For

For For Approve Investment in Group-2 Assets from GLAND Office Leasehold Real Estate Investment Trust, Appointment of Property Managers and

Connected Transactions of the REIT Manager

3

For For Approve Amendment of the Property Manager Appointment Agreement for Assets Currently Invested in by CPNREIT

4

For For Approve Loan Transaction 5.1

For For Approve Entering into the Transaction that has

Conflict of Interest with CPNREIT

5.2

For For Approve Capital Increase for Investment in Group-1 Assets, Group-2 Assets and Payment of Rental Fees for CentralPlaza Rama 2 Project

(Renewal Period)

6

Vote Summary Report


CPN Retail Growth Leasehold REIT Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Allocation of Additional Trust Units for Investment in Group-1 Assets, Group-2 Assets and Payment of Rental Fees for CentralPlaza Rama 2 Project (Renewal Period)

7

For For Approve Issuance and Sale of Debentures 8

For For Approve Amendment of the Trust Deed 9

Against For Other Business 10

Voter Rationale: Until more detailed information is made available concerning the issues that will be discussed, the possible risks warrant a vote against this resolution

Blended Rationale: Until more detailed information is made available concerning the issues that will be discussed, the possible risks warrant a vote against this resolution

Donaldson Company, Inc.


Meeting Type: Annual Ticker: DCI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Michael J. Hoffman For For

For For Elect Director Douglas A. Milroy 1.2

For For Elect Director Willard D. Oberton 1.3

For For Elect Director John P. Wiehoff 1.4



2


Against For Approve Omnibus Stock Plan 3



Foshan Haitian Flavouring & Food Co., Ltd.



Vote Summary Report


Foshan Haitian Flavouring & Food Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Pang Kang as Non-Independent Director For For

For For Elect Cheng Xue as Non-Independent Director 1.2

For For Elect Chen Junyang as Non-Independent

Director

1.3

For For Elect Wen Zhizhou as Non-Independent Director 1.4

For For Elect He Tingwei as Non-Independent Director 1.5

For For Elect Huang Shuliang as Non-Independent

Director

1.6

For For Elect Zhu Tao as Independent Director 2.1

For For Elect Sun Zhanli as Independent Director 2.2

For For Elect Chao Gang as Independent Director 2.3

For For Elect Chen Min as Supervisor 3.1

For For Elect Li Jun as Supervisor 3.2

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Pang Kang as Non-Independent Director 1.1

For For Elect Cheng Xue as Non-Independent Director 1.2

For For Elect Chen Junyang as Non-Independent Director

1.3

For For Elect Wen Zhizhou as Non-Independent Director 1.4

For For Elect He Tingwei as Non-Independent Director 1.5

For For Elect Huang Shuliang as Non-Independent

Director

1.6

For For Elect Zhu Tao as Independent Director 2.1

For For Elect Sun Zhanli as Independent Director 2.2

For For Elect Chao Gang as Independent Director 2.3

For For Elect Chen Min as Supervisor 3.1

For For Elect Li Jun as Supervisor 3.2

Vote Summary Report


Harmony Gold Mining Co. Ltd.


Meeting Type: Annual Ticker: HAR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Given Sibiya as Director For For

For For Elect Grathel Motau as Director 2

For For Re-elect Andre Wilkens as Director 3

For For Re-elect Vishnu Pillay as Director 4

For For Re-elect Karabo Nondumo as Director 5

For For Re-elect Simo Lushaba as Director 6

For For Re-elect Ken Dicks as Director 7

For For Re-elect Fikile De Buck as Member of the Audit and Risk Committee

8

For For Re-elect Karabo Nondumo as Member of the Audit and Risk Committee

9

For For Re-elect Simo Lushaba as Member of the Audit and Risk Committee

10

For For Re-elect John Wetton as Member of the Audit and Risk Committee

11

For For Elect Given Sibiya as Member of the Audit and Risk Committee

12

For For Reappoint PricewaterhouseCoopers Incorporated as Auditors of the Company

13


Against For Approve Implementation Report 15

Voter Rationale: Lack of disclosure.

Blended Rationale: Lack of disclosure.



1




Meeting Type: Annual Ticker: HAR

Vote Summary Report



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Given Sibiya as Director For For

For For Elect Grathel Motau as Director 2

For For Re-elect Andre Wilkens as Director 3

For For Re-elect Vishnu Pillay as Director 4

For For Re-elect Karabo Nondumo as Director 5

For For Re-elect Simo Lushaba as Director 6

For For Re-elect Ken Dicks as Director 7

For For Re-elect Fikile De Buck as Member of the Audit

and Risk Committee

8

For For Re-elect Karabo Nondumo as Member of the


9

For For Re-elect Simo Lushaba as Member of the Audit

and Risk Committee

10

For For Re-elect John Wetton as Member of the Audit

and Risk Committee

11

For For Elect Given Sibiya as Member of the Audit and

Risk Committee

12

For For Reappoint PricewaterhouseCoopers

Incorporated as Auditors of the Company

13




For For Approve Financial Assistance in Terms of

Section 45 of the Companies Act

1


Industrial & Commercial Bank of China Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Gu Shu as Director For For

Vote Summary Report


Industrial & Commercial Bank of China Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Payment Plan of Remuneration to Directors for 2018

2

For For Approve Payment Plan of Remuneration to Supervisors for 2018

3

For For Approve Application for Provisional Authorization Limit on External Donations

4

For For Elect Cao Liqun as Director 5

For For Elect Feng Weidong as Director 6

Industrial & Commercial Bank of China Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Gu Shu as Director For For

For For Approve Payment Plan of Remuneration to

Directors for 2018

2

For For Approve Payment Plan of Remuneration to

Supervisors for 2018

3

For For Approve Application for Provisional Authorization

Limit on External Donations

4



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Gu Shu as Director 1

For For Approve Payment Plan of Remuneration to Directors for 2018

2

For For Approve Payment Plan of Remuneration to Supervisors for 2018

3

For For Approve Application for Provisional Authorization Limit on External Donations

4



Vote Summary Report


Japan Hotel REIT Investment Corp.

Meeting Date: 11/22/2019 Country: Japan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Change Japanese Era Year to Western Year

For For

For For Elect Executive Director Masuda, Kaname 2

For For Elect Supervisory Director Mishiku, Tetsuya 3.1

Against For Elect Supervisory Director Kashii, Hiroto 3.2

Blended Rationale: A vote AGAINST this nominee is warranted because:- The nominee's affiliation with the REIT could compromise independence.

For For Elect Supervisory Director Umezawa, Mayumi 3.3

For For Elect Alternate Executive Director Furukawa, Hisashi

4

Japan Retail Fund Investment Corp.



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Amend Articles to Amend Asset Management

Compensation

For For

For For Elect Executive Director Namba, Shuichi 2

For For Elect Supervisory Director Nishida, Masahiko 3.1

For For Elect Supervisory Director Usuki, Masaharu 3.2

For For Elect Alternate Executive Director Araki, Keita 4.1

For For Elect Alternate Executive Director Machida,

Takuya

4.2

For For Elect Alternate Supervisory Director Murayama,

Shuhei

5

Vote Summary Report


Kathmandu Holdings Limited


Meeting Type: Annual Ticker: KMD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Xavier Simonet as Director For For

For For Elect Andrea Martens as Director 2


3

LaSalle Logiport REIT



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Amend Articles to Amend Permitted Investment Types - Amend Asset Management Compensation

For For

For For Elect Executive Director Fujiwara, Toshimitsu 2

For For Elect Alternate Executive Director Konishi,

Ryunosuke

3

For For Elect Supervisory Director Shibata, Kentaro 4.1

For For Elect Supervisory Director Nishiuchi, Koji 4.2

OptiComm Limited


Meeting Type: Annual Ticker: OPC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Appoint BDO Audit Pty Ltd as Auditor of the Company

2

Vote Summary Report


OptiComm Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect David Redfern as Director 3

For For Approve Grant of Performance Rights to Paul Cross

4

Orocobre Limited


Meeting Type: Annual Ticker: ORE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Richard Seville as Director 2

For For Elect Leanne Heywood as Director 3

For For Elect Fernando Oris de Roa as Director 4

For For Approve Amendments to the Employee

Performance Rights and Options Plan

5

For None Approve Grant of Performance Rights to Martin

Perez de Solay

6

For None Approve Retirement Benefits to Martin Perez de

Solay

7

For None Approve Non-Executive Director Share Rights

Plan

8

Ramelius Resources Limited


Meeting Type: Annual Ticker: RMS

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Michael Andrew Bohm as Director 3

For For Elect Natalia Streltsova as Director 4

For For Approve Grant of Performance Rights to Mark William Zeptner

5

Vote Summary Report


Ramelius Resources Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


6


For For Approve Renewal of Proportional Takeover Provisions

8

Severstal PAO

Meeting Date: 11/22/2019 Country: Russia

Meeting Type: Special Ticker: CHMF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Interim Dividends of RUB 27.47 per

Share for First Nine Months of Fiscal 2019

For For

Silver Lake Resources Limited


Meeting Type: Annual Ticker: SLR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Kelvin Flynn as Director 2

For For Elect Peter Alexander as Director 3

Sungrow Power Supply Co., Ltd.



Vote Summary Report


Sungrow Power Supply Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Repurchase and Cancellation of

Performance Shares

For For

For For Amend Articles of Association to Reduce

Registered Capital

2

For For Approve Guarantee Provision 3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Repurchase and Cancellation of

Performance Shares

1

For For Amend Articles of Association to Reduce

Registered Capital

2

For For Approve Guarantee Provision 3

Air Partner Plc


Meeting Type: Special Ticker: AIR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Save as You Earn Plan For For



3



4

argenx SE


Meeting Type: Special Ticker: ARGX

Vote Summary Report


argenx SE

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

2 Amend Articles to Reflect Changes in Capital For For

Against For Amend Argenx Option Plan 3

Voter Rationale: Potential for excessive dilution and a lack of disclosure.

Blended Rationale: Potential for excessive dilution and a lack of disclosure.

Against For Approve Stock Option Grants up to a Maximum

of 4 Percent of the Outstanding Capital

4

Voter Rationale: Potential for excessive dilution and a lack of disclosure.

Blended Rationale: Potential for excessive dilution and a lack of disclosure.

Future Plc


Meeting Type: Special Ticker: FUTR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Acquisition of Ti Media Business For For

Ridley Corporation Limited


Meeting Type: Annual Ticker: RIC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect David Lord as Director 3

For For Elect Ejnar Knudsen as Director 4


Quinton Hildebrand

5

Vote Summary Report


Stanmore Coal Limited


Meeting Type: Annual Ticker: SMR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Darren Yeates as Director 2

For For Elect Jimmy Lim as Director 3

For For Approve Employee Incentive Scheme 4

For None Approve the Increase in Non-Executive Directors' Fee Pool

5

Westgold Resources Limited


Meeting Type: Annual Ticker: WGX

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Johannes Norregaard as Director 2

Against For Elect Suresh Shet as Director 3



For For Ratify Past Issuance of Shares to Institutional

and Professional Investors

4

For For Approve Capital Reduction 5

Zhejiang Satellite Petrochemical Co., Ltd.



Vote Summary Report


Zhejiang Satellite Petrochemical Co., Ltd.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Amendments to Articles of Association For For

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Beach Energy Limited


Meeting Type: Annual Ticker: BPT

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Phillip Bainbridge as Director 2

For For Elect Colin Beckett as Director 3

For For Elect Peter Moore as Director 4

For For Elect Matthew Kay as Director 5

For For Elect Sally-Anne Layman as Director 6

For For Approve Issuance of Securities to Matthew Kay Under the Beach 2018 Short Term Incentive

Offer

7

For For Approve Issuance of Securities to Matthew Kay Under the Beach 2019 Long Term Incentive

Offer

8


Bravura Solutions Limited


Meeting Type: Annual Ticker: BVS

Vote Summary Report


Bravura Solutions Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Peter Mann as Director 2

For None Approve Bravura Solutions Limited Employee

Incentive Plan

3

For For Approve Grant of Performance Rights to Tony

Klim

4

For For Approve Grant of Performance Rights to Martin

Deda

5



6

Brickworks Limited


Meeting Type: Annual Ticker: BKW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Approve Grant of Performance Rights to Lindsay Partridge

3

For For Elect Michael J. Millner as Director 4a

For For Elect Robert J. Webster as Director 4b

For For Elect Malcolm P. Bundey as Director 4c

Against Against Approve Conditional Spill Resolution 5

Charter Hall Long WALE REIT


Meeting Type: Annual Ticker: CLW

Vote Summary Report


Charter Hall Long WALE REIT

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Peeyush Gupta as Director For For

Clinigen Group Plc


Meeting Type: Annual Ticker: CLIN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Elect Alan Boyd as Director 4

For For Elect Nick Keher as Director 5

Against For Re-elect Peter Allen as Director 6

Voter Rationale: Over boarded with multiple chairmanships.

Blended Rationale: Over boarded with multiple chairmanships.

For For Re-elect Shaun Chilton as Director 7

For For Re-elect John Hartup as Director 8

For For Re-elect Ian Nicholson as Director 9

For For Re-elect Anne Hyland as Director 10


11


For For Authorise Political Donations and Expenditure 13



15



16

Vote Summary Report


Companhia de Saneamento Basico do Estado de Sao Paulo SABESP


Meeting Type: Special Ticker: SBSP3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Angelo Luiz Moreira Grossi as Fiscal Council Member and Andrea Martins Botaro as

Alternate

For For

For For Ratify Election of Wilson Newton de Mello Neto as Director

2

For For Amend Article 14 3

For For Consolidate Bylaws 4

For For Rectify Remuneration of Company's Management and Fiscal Council Members

Approved at the June 3, 2019, EGM

5

Gillette India Limited



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For

For For Confirm Interim Dividend and Declare Final

Dividend

2

For For Reelect Karthik Natarajan as Director 3

For For Elect Anjuly Chib Duggal as Director 4

For For Reelect Bansidhar Sunderlal Mehta as Director 5

For For Reelect Anil Kumar Gupta as Director 6

For For Reelect Gurcharan Das as Director 7

For For Reelect Chittranjan Dua as Director 8

For For Elect Gagan Sawhney as Director and Approve His Appointment and Remuneration as Executive Director (Finance)

9

Vote Summary Report


London Stock Exchange Group Plc


Meeting Type: Special Ticker: LSE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of Refinitiv For For

For For Authorise Issue of Equity in Connection with the Acquisition

2

Momentum Metropolitan Holdings Ltd.


Meeting Type: Annual Ticker: MTM

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1.1 Elect Linda de Beer as Director For For

For For Elect Sello Moloko as Director 1.2

For For Elect Sharron McPherson as Director 1.3

For For Elect Lisa Chiume as Director 1.4

For For Elect Kgaugelo Legoabe-Kgomari as Director 1.5

For For Re-elect Vuyisa Nkonyeni as Director 2.1

For For Re-elect Stephen Jurisich as Director 2.2

For For Appoint Ernst & Young Inc. as Auditors of the Company with Cornea de Villiers as the Designated Audit Partner

3

For For Re-elect Frans Truter as Member of the Audit

Committee

4.1

For For Re-elect Fatima Daniels as Member of the Audit

Committee

4.2

For For Elect Linda de Beer as Member of the Audit

Committee

4.3





Vote Summary Report


Momentum Metropolitan Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


9

For For Approve Remuneration of Non-Executive Directors

10

MONETA Money Bank, a.s.

Meeting Date: 11/26/2019 Country: Czech Republic

Meeting Type: Special Ticker: MONET

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Meeting Procedures For For

For For Elect Meeting Chairman and Other Meeting

Officials

2

For For Approve Interim Financial Statements 4.1

For For Approve Increase in Registered Capital 4.2

For For Approve Share Repurchase Program and

Cancellation of Repurchased Shares

4.3

For For Approve Interim Dividends of CZK 3.30 per

Share

5

For For Amend Articles of Association 6

Murgitroyd Group Plc


Meeting Type: Special Ticker: MUR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Matters Relating to the Recommended Cash Acquisition of Murgitroyd Group plc by

Project Petra Bidco Limited

For For

For For Amend Share Option Schemes 2

Vote Summary Report


Murgitroyd Group Plc


Meeting Type: Court Ticker: MUR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Scheme of Arrangement For For

PPK Group Limited


Meeting Type: Annual Ticker: PPK

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Robin Levison as Director 2

For For Ratify Past Issuance of Shares to Sophisticated

Investors

3

Against For Approve the Issuance of Up to 10 Percent of the

Company's Issued Capital

4

Voter Rationale: The company has not provided a specific, compelling reason for seeking the authority; and as the company has not disclosed its expected short-term cash outflows, it cannot be determined whether the company has an immediate need for such additional authority.

Blended Rationale: The company has not provided a specific, compelling reason for seeking the authority; and as the company has not disclosed its expected short-term cash outflows, it cannot be determined whether the company has an immediate need for such additional authority.

For For Appoint Ernst & Young as Auditor of the Company

5

Against None Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

6


Against For Approve Grant of Performance Rights to Anthony McDonald

8

Voter Rationale: The grant of performance-linked equity instruments to NEDs is not considered acceptable under Australian investor guidelines as it may impair the NEDs' ability to act in the long term best interests of the company. Australian investors prefer NEDs to acquire shares directly through fee sacrifice or other acquisitions from their own resources.

Blended Rationale: The grant of performance-linked equity instruments to NEDs is not considered acceptable under Australian investor guidelines as it may impair the NEDs' ability to act in the long term best interests of the company. Australian investors prefer NEDs to acquire shares directly through fee sacrifice or other acquisitions from their own resources.

Vote Summary Report


Regis Resources Limited


Meeting Type: Annual Ticker: RRL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Steve Scudamore as Director 2

For For Elect Fiona Morgan as Director 3

For For Approve the Regis Resources Limited Executive Incentive Plan

4

For For Approve Grant of Long Term Incentive Performance Rights to Jim Beyer

5

For For Approve Grant of Short Term Incentive Performance Rights to Jim Beyer

6


7

ResLoC UK 2007-1 Plc


Meeting Type: Bondholder Ticker: N/A

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Extraordinary Resolution as per

Meeting Notice

For For

ResLoC UK 2007-1 Plc


Meeting Type: Bondholder Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extraordinary Resolution as per Meeting Notice

For For

Vote Summary Report


SEEK Limited


Meeting Type: Annual Ticker: SEK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: Bottom Quartile NTA growth over 5 years.

Blended Rationale: Bottom Quartile NTA growth over 5 years.

For For Elect Denise Bradley as Director 3a

For For Elect Leigh Jasper as Director 3b

Against For Approve Grant of Equity Right to Andrew Bassat 4

Voter Rationale: Excessive fixed element of remuneration with lack of performance criteria

Blended Rationale: Excessive fixed element of remuneration with lack of performance criteria

Against For Approve Grant of Wealth Sharing Plan Options and Wealth Sharing Plan Rights to Andrew

Bassat

5

Voter Rationale: "The quantum of the award is excessive given that it is based on discounted fair valuation which increases the number of rights granted."

Blended Rationale: "The quantum of the award is excessive given that it is based on discounted fair valuation which increases the number of rights granted."

Acrow Formwork and Construction Services Limited


Meeting Type: Annual Ticker: ACF

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Peter Lancken as Director 2

For For Elect Joshua May as Director 3

For For Elect David Moffat as Director 4

For For Approve the Issuance of Up to 10 Percent of the


5

For For Approve Long-Term Incentive Plan 6


Vote Summary Report


Acrow Formwork and Construction Services Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Financial Assistance by Uni-Span Group Pty Ltd and Its Subsidiaries

8

Ascendas Real Estate Investment Trust

Meeting Date: 11/27/2019 Country: Singapore

Meeting Type: Special Ticker: A17U

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisitions of a Portfolio of United States Properties and Two Singapore Properties as Interested Person Transactions

For Against

Voter Rationale: concerns about the accretive value of this deal and the benefits of expanding its geographical exposure at this time

Blended Rationale: concerns about the accretive value of this deal and the benefits of expanding its geographical exposure at this time

Banco do Brasil SA


Meeting Type: Special Ticker: BBAS3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Paulo Antonio Spencer Uebel as Fiscal Council Member

For For

For For Elect Rafael Cavalcanti de Araujo as Fiscal Council Member

1.2

For For Elect Helio Lima Magalhaes as Director 2.1

For For Elect Marcelo Serfaty as Director 2.2

Abstain None In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst

the Nominees below?

3

Abstain None Percentage of Votes to Be Assigned - Elect Helio Lima Magalhaes as Director

4.1

Abstain None Percentage of Votes to Be Assigned - Elect Marcelo Serfaty as Director

4.2

For For Amend Articles 5

Vote Summary Report


Bathurst Resources Limited


Meeting Type: Annual Ticker: BRL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Toko Kapea as Director For For


2

For For Approve Issuance of Performance Rights to Richard Tacon

3

For For Approve Issuance of Performance Rights to Russell Middleton

4

Chr. Hansen Holding A/S

Meeting Date: 11/27/2019 Country: Denmark

Meeting Type: Annual Ticker: CHR

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Reports

For For


DKK 7.07 Per Share

3

For For Approve Remuneration of Directors in the Amount of DKK 1.2 Million for Chair, DKK 800,000 for Vice-Chair and DKK 400,000 for Other Directors; Approve Remuneration for

Committee Work

4

For For Approve Revised Remuneration Guidelines for

Executive Management and Board

5

For For Reelect Dominique Reiniche (Chair) as Director 6a

For For Reelect Jesper Brandgaard as Director 6b.a

For For Reelect Luis Cantarell as Director 6b.b

For For Reelect Heidi Kleinbach-Sauter as Director 6b.c

For For Elect Niels Peder Nielsen as New Director 6b.d

For For Reelect Kristian Villumsen as Director 6b.e

For For Reelect Mark Wilson as Director 6b.f

Vote Summary Report


Chr. Hansen Holding A/S Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Reelect PricewaterhouseCoopers as Auditor 7

For For Authorize Editorial Changes to Adopted Resolutions in Connection with Registration with

Danish Authorities

8

Daiwa House REIT Investment Corp.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Amend Asset Management

Compensation

For For

For For Elect Executive Director Asada, Toshiharu 2

For For Elect Alternate Executive Director Tsuchida,

Koichi

3

For For Elect Supervisory Director Iwasaki, Tetsuya 4.1

For For Elect Supervisory Director Ishikawa, Hiroshi 4.2

For For Elect Alternate Supervisory Director Kakishima,

Fusae

5

Equatorial Energia SA


Meeting Type: Special Ticker: EQTL3

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Eduardo Haiama as Director For For

For For Approve 5-for-1 Stock Split 2

For For Amend Articles to Reflect Changes in Share Capital and Authorized Capital

3

For For Approve Amendment of Regulations of Issuance of Powers of Attorney and Amend Article 22

Accordingly

4

For For Consolidate Bylaws 5

Vote Summary Report


Equatorial Energia SA Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


6

Excelsior Capital Limited


Meeting Type: Annual Ticker: ECL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect Danny Herceg as Director For For

For For Elect Michael Copeland as Director 2b


Voter Rationale: The companies performance has been poor and the power of the Executive Chairman has been exercised at the cost of minority equity holders (for example with EXL providing funds for the Executive Chairman's funds management company to manage on uncommercial terms).

Blended Rationale: The companies performance has been poor and the power of the Executive Chairman has been exercised at the cost of minority equity holders (for example with EXL providing funds for the Executive Chairman's funds management company to manage on uncommercial terms).

Harvey Norman Holdings Limited


Meeting Type: Annual Ticker: HVN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Kay Lesley Page as Director 3

Against For Elect David Matthew Ackery as Director 4

Voter Rationale: warranted because he is one of five executive directors (including the CEO) on a board that is not majority independent.

Blended Rationale: warranted because he is one of five executive directors (including the CEO) on a board that is not majority independent.

For For Elect Kenneth William Gunderson-Briggs as Director

5

For For Elect Maurice John Craven as Director 6

Vote Summary Report


Harvey Norman Holdings Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For Against Elect Stephen Mayne as Director 7

Voter Rationale: "Support for the election of Stephen Mayne is warranted despite being a non-board endorsed nominee, on the basis of his contribution to the independence of oversight in decision-making.Mr Mayne also possesses expertise in corporate governance which appears to be much needed on this board, and an ability to contribute an independent eye to board deliberations. The increased level of independence and governance knowledge would act for the benefit of non-associated shareholders at the company with improved accountability and oversight of the management team."

Blended Rationale: "Support for the election of Stephen Mayne is warranted despite being a non-board endorsed nominee, on the basis of his contribution to the independence of oversight in decision-making.Mr Mayne also possesses expertise in corporate governance which appears to be much needed on this board, and an ability to contribute an independent eye to board deliberations. The increased level of independence and governance knowledge would act for the benefit of non-associated shareholders at the company with improved accountability and oversight of the management team."

Against None Approve the Spill Resolution 8

ORIX JREIT Inc.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Change Japanese Era Year to

Western Year

For For

For For Elect Executive Director Ozaki, Teruo 2

For For Elect Alternate Executive Director Hattori,

Takeshi

3

For For Elect Supervisory Director Koike, Toshio 4.1

For For Elect Supervisory Director Hattori, Takeshi 4.2

For For Elect Supervisory Director Kataoka, Ryohei 4.3

Sandfire Resources NL


Meeting Type: Annual Ticker: SFR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Paul Hallam as Director 2

Vote Summary Report


Sandfire Resources NL Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Maree Arnason as Director 3

For For Approve Grant of Rights to Karl M Simich 4


5

For For Approve the Change of Company Type from a Public No Liability Company to a Public

Company Limited

6

For For Approve the Change of Company Name to Sandfire Resources Limited

7


Sasol Ltd.


Meeting Type: Annual Ticker: SOL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Trix Kennealy as Director For Against

Voter Rationale: Failings in the Company's internal controls and member of audit committee.

Blended Rationale: Failings in the Company's internal controls and member of audit committee.

For For Re-elect Peter Robertson as Director 1.2

Against For Re-elect Paul Victor as Director 1.3

Voter Rationale: Failings in the Company's internal controls and is CFO

Blended Rationale: Failings in the Company's internal controls and is CFO

For For Elect Sipho Nkosi as Director 2

For For Elect Fleetwood Grobler as Director 3

For For Elect Vuyo Kahla as Director 4

For For Reappoint PricewaterhouseCoopers Inc. as Auditors of the Company

5

Against For Re-elect Colin Beggs as Member of the Audit Committee

6.1

Voter Rationale: All members seeking re-election to the Audit Committee have served on the Committee for at least the past two years

Blended Rationale: All members seeking re-election to the Audit Committee have served on the Committee for at least the past two years

Vote Summary Report


Sasol Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Re-elect Trix Kennealy as Member of the Audit Committee

6.2



Against For Re-elect Nomgando Matyumza as Member of the Audit Committee

6.3



Against For Re-elect Stephen Westwell as Member of the Audit Committee

6.4




For For Approve Implementation Report of the

Remuneration Policy

8

For For Amend Memorandum of Incorporation 9

Woolworths Holdings Ltd.


Meeting Type: Annual Ticker: WHL

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Re-elect Hubert Brody as Director For For

For For Elect David Kneale as Director 2.1

For For Elect Thembisa Skweyiya as Director 2.2

For For Elect Belinda Earl as Director 2.3

For For Elect Christopher Colfer as Director 2.4

For For Elect Clive Thomson as Director 2.5

For For Re-elect Zarina Bassa as Member of the Audit Committee

3.1

Vote Summary Report


Woolworths Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Elect Thembisa Skweyiya as Member of the Audit Committee

3.2

For For Re-elect Andrew Higginson as Member of the Audit Committee

3.3

For For Elect Christopher Colfer as Member of the Audit Committee

3.4

For For Elect Clive Thomson as Member of the Audit Committee

3.5

For For Reappoint Ernst & Young Inc as Auditors of the Company with the Designated Audit Partner

4

For For Amend the Rules of the Performance Share Plan 5



Voter Rationale: Executives paid one off awards during the year.

Blended Rationale: Executives paid one off awards during the year.



9

Xaar Plc


Meeting Type: Special Ticker: XAR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Matters Relating to the Sale of Company's Interest in Xaar 3D Limited

For For

Accent Group Limited


Meeting Type: Annual Ticker: AX1

Vote Summary Report


Accent Group Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: "Poor disclosure of the company's remuneration practices, and excessive quantum of fixed remuneration and subsequent STI payments, which do not align with overall shareholder outcomes in FY19."

Blended Rationale: "Poor disclosure of the company's remuneration practices, and excessive quantum of fixed remuneration and subsequent STI payments, which do not align with overall shareholder outcomes in FY19."

For For Elect David Gordon as Director 3a

For For Elect Stephen Goddard as Director 3b

Against For Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

4

Voter Rationale: The fees paid to the chairman are already excessive compared with market cap and industry peers, and the board plans to pass on a 10 percent increase in NED fees if the fee cap is approved.

Blended Rationale: The fees paid to the chairman are already excessive compared with market cap and industry peers, and the board plans to pass on a 10 percent increase in NED fees if the fee cap is approved.


For For Approve Grant of Performance Rights to Daniel Agostinelli

6

Banco Santander Mexico SA Institucion de Banca Multiple


Meeting Type: Special Ticker: BSMXB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Ratify Election of Cesar Augusto Montemayor Zambrano as Director to Represent Series F Shareholders to Replace Guillermo Guemez

Garcia

For For

For For Approve Cash Dividends 2

For For Authorize Board to Ratify and Execute Approved

Resolutions

3

Evolution Mining Limited


Meeting Type: Annual Ticker: EVN

Vote Summary Report


Evolution Mining Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


For For Elect Colin (Cobb) Johnstone as Director 2

For For Approve Non-Executive Director Equity Plan 3


Jacob (Jake) Klein

4


Lawrence (Lawrie) Conway

5



6

FAST RETAILING CO., LTD.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Amend Provisions on Number of Statutory Auditors

For For

For For Elect Director Yanai, Tadashi 2.1

For For Elect Director Hambayashi, Toru 2.2

For For Elect Director Hattori, Nobumichi 2.3

For For Elect Director Shintaku, Masaaki 2.4

For For Elect Director Nawa, Takashi 2.5

For For Elect Director Ono, Naotake 2.6

For For Elect Director Okazaki, Takeshi 2.7

For For Elect Director Yanai, Kazumi 2.8

For For Elect Director Yanai, Koji 2.9

For For Appoint Statutory Auditor Mizusawa, Masumi 3

Against For Approve Compensation Ceiling for Directors 4

Blended Rationale: A vote AGAINST this proposal is warranted because:- In spite of the significant size of the requested increase in the aggregate compensation ceiling, accountability and transparency do not accompany the increased board discretion.

Vote Summary Report


FirstRand Ltd.


Meeting Type: Annual Ticker: FSR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Tandi Nzimande as Director For For

For For Re-elect Mary Bomela as Director 1.2

For For Re-elect Grant Gelink as Director 1.3

For For Re-elect Faffa Knoetze as Director 1.4

For For Elect Louis von Zeuner as Director 1.5

For For Reappoint Deloitte & Touche as Auditors of the Company

2.1

For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company

2.2

For For Place Authorised but Unissued Ordinary Shares under Control of Directors

3




Voter Rationale: Lack of disclosure

Blended Rationale: Lack of disclosure


For For Approve Financial Assistance to Directors and Prescribed Officers as Employee Share Scheme

Beneficiaries

2.1

For For Approve Financial Assistance to Related and Inter-related Entities

2.2


3

For Against Approve Report on Company's Assessment of its Exposure to Climate-Related Risks by no later

than October 2020

5

Voter Rationale: updated disclosure.

Blended Rationale: updated disclosure.

For For Adopt and Publicly Disclose a Policy on Fossil Fuel Lending by no later than October 2020

6

Vote Summary Report


Fletcher Building Ltd.


Meeting Type: Annual Ticker: FBU

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Peter Crowley as Director For Against

Voter Rationale: Lack of disclosure after recent engagement with company

Blended Rationale: Lack of disclosure after recent engagement with company


2


Intertrust NV


Meeting Type: Special Ticker: INTER

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Amend Remuneration Policy For For

For For Approve Performance Share Plan 2b

For For Elect R.M.S. van Wijk to Management Board 3

IOOF Holdings Ltd.


Meeting Type: Annual Ticker: IFL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect Allan Griffiths as Director For For

For For Elect Andrew Bloore as Director 2b

For For Elect Michelle Somerville as Director 2c


Vote Summary Report


IOOF Holdings Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Grant of Performance Rights to Renato Mota

4

LMS Capital Plc


Meeting Type: Special Ticker: LMS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend the Investment Management Agreement For For

Naim Holdings Berhad

Meeting Date: 11/28/2019 Country: Malaysia


Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Adopt New Constitution For For

Navigator Global Investments Limited


Meeting Type: Annual Ticker: NGI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Michael Shepherd as Director 3a

For For Elect Fernando (Andy) Esteban as Director 3b

Vote Summary Report


Over The Wire Holdings Limited


Meeting Type: Annual Ticker: OTW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Susan Forrester as Director 2

Against For Approve the Issuance of Up to 10 Percent of the Company's Issued Capital

3

Voter Rationale: The company has not provided a specific, compelling reason for seeking the authority.

Blended Rationale: The company has not provided a specific, compelling reason for seeking the authority.

Against None Approve the Increase in Non-Executive Directors' Remuneration Pool

4

Shimachu Co., Ltd.



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Allocation of Income, with a Final

Dividend of JPY 40

For For

Against For Elect Director Okano, Takaaki 2.1

Blended Rationale: A vote AGAINST this director nominee is warranted because:- Top management is responsible for the company's unfavorable ROE performance.

For For Elect Director Kushida, Shigeyuki 2.2

For For Elect Director Oshima, Koichiro 2.3

For For Elect Director Hosokawa, Tadahiro 2.4

For For Elect Director Orimoto, Kazuya 2.5

For For Elect Director and Audit Committee Member

Tajima, Koji

3.1


Kubomura, Yasushi

3.2


Imai, Hikari

3.3


Nishikawa, Hidehiko

3.4

Vote Summary Report


Shimachu Co., Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Restricted Stock Plan 4

Target Healthcare REIT Plc


Meeting Type: Annual Ticker: THRL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Reports

For For



For For Approve the Company's Dividend Policy 4

For For Reappoint Ernst & Young LLP as Auditors 5


For For Re-elect Malcolm Naish as Director 7

For For Re-elect June Andrews as Director 8

For For Re-elect Gordon Coull as Director 9

For For Re-elect Tom Hutchison III as Director 10



Rights

12




14

West Holdings Corp.



Vote Summary Report


West Holdings Corp.

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Allocation of Income, with a Final

Dividend of JPY 45

For For

Against For Elect Director Kikkawa, Takashi 2.1

Blended Rationale: A vote AGAINST this director nominee is warranted because:- Top management bears responsibility for the firm's board composition.

Against For Elect Director Egashira, Eiichiro 2.2

Blended Rationale: A vote AGAINST this director nominee is warranted because:- Top management bears responsibility for the firm's board composition.

For For Elect Director Osako, Takuo 2.3

For For Elect Director Tsushima, Masao 2.4

For For Elect Director Shiiba, Eiji 2.5

For For Elect Director Nakashima, Kazuo 2.6

Assore Ltd.


Meeting Type: Annual Ticker: ASR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Re-elect Ed Southey as Director For For

For For Re-elect Bill Urmson as Director 2

For For Re-elect Ed Southey as Chairman of the Audit and Risk Committee

3

For For Re-elect Bill Urmson as Member of the Audit and Risk Committee

4

For For Re-elect Sydney Mhlarhi as Member of the Audit and Risk Committee

5




Vote Summary Report


Assore Ltd. Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Approve Implementation Plan of the Remuneration Policy

2




1

Aurelia Metals Limited


Meeting Type: Annual Ticker: AMI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Elect Lawrence Conway as Director 2

For For Elect Paul Harris as Director 3


For For Approve Issuance of Performance Rights to Daniel Clifford

5


Provisions 6

Byron Energy Limited


Meeting Type: Annual Ticker: BYE

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: Unacceptable vesting period. The vesting period of the incentive securities granted by the company is not in line with local market standards, which recommend substantial vesting only after at least three years

Blended Rationale: Unacceptable vesting period. The vesting period of the incentive securities granted by the company is not in line with local market standards, which recommend substantial vesting only after at least three years

Vote Summary Report


Byron Energy Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

Against For Elect Prent Kallenberger as Director 2

Voter Rationale: Multiple executives on a non-majority independent board

Blended Rationale: Multiple executives on a non-majority independent board

Against For Elect William Sack as Director 3

Voter Rationale: Multiple executives on a non-majority independent board

Blended Rationale: Multiple executives on a non-majority independent board

Against For Approve the Issuance of Up to 10 Percent of the


4

Voter Rationale: The company has not provided a specific, compelling reason for seeking the authority

Blended Rationale: The company has not provided a specific, compelling reason for seeking the authority

For For Ratify Past Issuance of Options to Herbert

Perrine Erwin III and Kim Carrier

5

Against For Approve Director Loan to Maynard Smith 6

Voter Rationale: The loan is being offered as limited recourse and gives the borrower limited liability for the repayment of the loan.

Blended Rationale: The loan is being offered as limited recourse and gives the borrower limited liability for the repayment of the loan.

Against For Approve Director Loan to Prent Kallenberger 7



Against For Approve Director Loan to William Sack 8



Against For Approve Director Loan to Senior Managers and Consultants

9



China Travel International Investment Hong Kong Limited



Vote Summary Report


China Travel International Investment Hong Kong Limited

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve the 2019 Financial Services Supplemental Agreement, Revised Deposit Caps and Related Transactions

For Against

Blended Rationale: A vote AGAINST this proposal is warranted because the proposed related-party transactions is a financial service agreement with the group finance company, which may expose the company to unnecessary risks.

For For Elect Song Dawei as Director 2

Corporacion Moctezuma SAB de CV


Meeting Type: Special Ticker: CMOCTEZ

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Cash Dividends of MXN 2.20 Per Share For For

For For Appoint Legal Representatives 2

Dongfeng Motor Group Company Limited



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Resignation of Wen Shuzhong as

Supervisor

For For

For For Elect He Wei as Supervisor 2

For For Approve Resignation of Cao Xinghe as Director 3

For For Elect You Zheng as Director 4

For For Elect Cheng Daoran as Director 5

For For Approve Remuneration of Candidates for

Directors and Supervisor

6

Vote Summary Report


Galliford Try Plc


Meeting Type: Special Ticker: GFRD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Matters Relating to the Scheme of Reconstruction

For Against

Voter Rationale: Against deal.

Blended Rationale: Against deal.

Against For Approve Disposal by the Company of Galliford Try Homes Limited and Galliford Try

Partnerships Limited

2



For For Approve New Long Term Incentive Plan 3

Galliford Try Plc


Meeting Type: Court Ticker: GFRD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Scheme of Arrangement For Against



HCL Technologies Limited



Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

1 Increase Authorized Share Capital and Amend Memorandum of Association

For For

Vote Summary Report


HCL Technologies Limited Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction

For For Approve Issuance of Bonus Shares 2

Perseus Mining Limited


Meeting Type: Annual Ticker: PRU

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Against For Elect Sean Harvey as Director 2

Voter Rationale: Overboarding concerns.

Blended Rationale: Overboarding concerns.

For For Elect Sally-Anne Layman as Director 3

For For Elect Daniel Lougher as Director 4

For For Elect David Ransom as Director 5


Jeffrey Quartermaine

6

Premier Investments Ltd.


Meeting Type: Annual Ticker: PMV

Proposal

Number

Proposal Text

Mgmt Rec

Vote

Instruction


Voter Rationale: Excessive remuneration

Blended Rationale: Excessive remuneration

For For Elect David Crean as Director 3a

For For Elect Terrence McCartney as Director 3b

For For Elect Timothy Antonie as Director 3c

Vote Summary Report


Sinopec Kantons Holdings Limited



Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve New Crude Oil Jetty and Storage Services Framework Master Agreement,

Proposed Annual Caps and Related Transactions

For For

Against For Approve New Sinopec Finance Financial Services Framework Master Agreement, Proposed Annual


2

Voter Rationale: proposed related-party transactions may expose the company to unnecessary risks

Blended Rationale: proposed related-party transactions may expose the company to unnecessary risks

Against For Approve New Century Bright Financial Services Framework Master Agreement, Proposed Annual


3



For For Approve New Natural Gas Transmission Services Framework Master Agreement, Proposed Annual


4

For For Approve New Comprehensive Outsourcing Framework Master Agreement, Proposed Annual


5

Against For Approve New Yu Ji Pipeline Financial Services Framework Master Agreement, Proposed Annual


6



For For Approve New Yu Ji Compression Project Framework Master Agreement and Related

Transactions

7

Vote Summary Report - Schroders · CLH . Proposal Number Proposal Text Mgmt Rec Vote Instruction ....

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