H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Share Voting Report – Australian Equities Manager Holdings
1 July – 31 December 2013
Introduction
In accordance with our Active Ownership Policy, we seek to vote on all resolutions
put forward at the meetings of companies held by Australian equities managers on
our behalf and on behalf of our members.
In general, we vote in line with best practice guidelines including Australian Council
for Superannuation Investors (ACSI) Governance Guidelines which seek to ensure
that the Board of Directors of listed companies are accountable to and operates in
the best interests of shareholders. Where we believe there is a potential conflict
between the interests of the Board and our interests as a shareholder we will consult
with our proxy voting adviser(s) and the equities manager(s) holding the shares on
our behalf to assist us to determine the most appropriate way to vote.
This report provides a summary of how we voted on all resolutions put forward at all
meetings of the companies held on our behalf by Australian equities managers for
the six months to 31 December 2013. Section 1 provides the summary statistics on
the categories of resolutions on which we voted, highlighting those resolutions
where we voted in opposition to the company’s Board. Section 2 provides an
alphabetical list of all the company meetings including how we voted on each
individual resolution.
Section 1 – Summary voting statistics
During the reporting period we voted on 1,622 resolutions at 302 company
meetings across a number of categories of resolutions. Of total resolutions, 42 per
cent related to director elections, 20 per cent to remuneration proposals, 11 per
cent to capital or company structures and 15 per cent to remuneration reports.
42%
20%
11%
15%
8%
3% 1%
Director elections
Remuneration proposals
Capital / Company structure
Remuneration reports
Other
Director remuneration
Board spills
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
How HESTA voted
This table and the chart below show how HESTA voted within each of the categories of
resolutions.
Resolution categories Total For Against Abstain Not Eligible
Director elections 686 42% 643 94% 43 6% 0 0% 0 0%
Director remuneration 42 3% 38 90% 4 10% 0 0% 0 0%
Remuneration reports 249 15% 218 88% 31 12% 0 0% 0 0%
Board spills 16 1% 16 100% 0 0% 0 0% 0 0%
Remuneration proposals 325 20% 270 83% 55 17% 0 0% 0 0%
Capital / Company structure 169 10% 164 97% 5 3% 0 0% 10 6%
Other 135 8% 131 97% 4 3% 0 0% 0 0%
1622 1480 142 0 10
Note: Total does not include resolutions where we were ineligible to vote.
Votes where HESTA opposed the Board
This chart shows the breakdown of votes where HESTA opposed the Board across the
categories of resolutions. Almost 40 per cent of the total votes opposing the Board
related to remuneration proposals and 30 per cent related to director elections.
0 100 200 300 400 500 600 700
OtherCapital / Company structure
Remuneration proposalsBoard spills
Remuneration reportsDirector remuneration
Director elections
Supported Board
Opposed Board
Abstain
39%
30%
22%
3%
3% 0% 3%
Remuneration proposals
Director elections
Remuneration reports
Capital / Company structure
Director remuneration
Board spills
Other
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Section 2 –Listing of company meetings including whether HESTA opposed the Board
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
1300 SMILES LTD 28-Nov-2013 AGM All For
ABACUS PROPERTY GROUP 14-Nov-2013 AGM
All For except
Against 4 Grant of Security acquisition rights to the Managing Director under the Deferred Security Acquisition Rights Plan
ACRUX LTD 21-Nov-2013 AGM All For except
Against 4 Grant of options to Ross Dobinson
AGL ENERGY LTD 23-Oct-2013 AGM All For except
Against 2 Adoption of Remuneration Report
AINSWORTH GAME TECHNOLOGY LTD 20-Nov-2013 AGM All For
AIR NEW ZEALAND LTD 27-Sep-2013 AGM All For
ALARA RESOURCES LTD 22-Nov-2013 AGM All For
ALCHEMIA LTD 08-Nov-2013 AGM
All For except
Against 5 Approval of proposed issue of Options to Dr Peter Smith
Against 7.1 Approval of proposed issue of Options to Charles Walker under the ESOP
ALE PROPERTY GROUP 12-Nov-2013 MIX All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
ALKANE RESOURCES LTD 17-Oct-2013 AGM
All For except
Against 4 Approval of amended Alkane Resources Performance Rights Plan
ALLIANCE AVIATION SERVICES LTD 14-Oct-2013 AGM All For
ALS LTD 30-Jul-2013 AGM All For
AMALGAMATED HOLDINGS LTD 25-Oct-2013 AGM All For
AMCOM TELECOMMUNICATIONS LTD 20-Nov-2013 AGM All For
AMCOR LTD
24-Oct-2013 AGM All For
09-Dec-2013 OGM All For
SM All For
ANSELL LTD 17-Oct-2013 AGM All For
APA GROUP 24-Oct-2013 AGM All For
AQUARIUS PLATINUM LTD 29-Nov-2013 AGM All For
AQUILA RESOURCES LTD 29-Nov-2013 AGM All For
ARB CORPORATION LTD 17-Oct-2013 AGM All For
ARDENT LEISURE GROUP 08-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
ARRIUM LTD 18-Nov-2013 AGM All For
ASCIANO LTD 12-Nov-2013 AGM All For
ASIA PACIFIC DATA CENTRE GROUP 21-Nov-2013 AGM All For
ASPEN GROUP LTD 06-Sep-2013 OGM All For
23-Oct-2013 AGM All For
ASX LIMITED 25-Sep-2013 AGM All For
ATLAS IRON LTD 30-Oct-2013 AGM All For
AUCKLAND INTERNATIONAL AIRPORT LTD 24-Oct-2013 AGM All For
AURIZON HOLDINGS LTD 13-Nov-2013 AGM
All For except
Against 3 Grant of Performance Rights to Managing Director & CEO
Against 4 Adoption of Remuneration Report
AURORA OIL & GAS LTD 16-Oct-2013 OGM Against 1 Issue of Options to a Director - John Atkins
AUSDRILL LTD 21-Nov-2013 AGM All For
AUSTAL LIMITED 25-Oct-2013 AGM All For
AUSTBROKERS HOLDINGS LTD 20-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 18-Dec-2013 AGM All For
AUSTRALIAN VINTAGE LTD 20-Nov-2013 AGM All For
AUTOMOTIVE HOLDINGS GROUP LTD 15-Nov-2013 AGM All For
AVJENNINGS LTD 22-Nov-2013 AGM All For
AWE LTD 27-Nov-2013 AGM All For
BANK OF QUEENSLAND LTD 27-Nov-2013 AGM All For
BASE RESOURCES LTD, WEST PERTH 26-Nov-2013 AGM All For except
Against 2 Re-election of Director - Colin Bwye
BATHURST RESOURCES (NEW ZEALAND) LTD 31-Oct-2013 AGM All For
BC IRON LIMITED 12-Nov-2013 AGM All For
BEACH ENERGY LTD 29-Nov-2013 AGM All For
BENDIGO AND ADELAIDE BANK LTD 28-Oct-2013 AGM All For
BGP HOLDINGS PLC 11-Sep-2013 AGM All For
BHP BILLITON LTD 21-Nov-2013 AGM All For
BHP BILLITON PLC 24-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
BLUESCOPE STEEL LTD 14-Nov-2013 AGM All For
BORAL LTD 31-Oct-2013 AGM All For
BRADKEN LTD 22-Oct-2013 AGM All For
BRAMBLES LTD
22-Oct-2013 AGM All For
03-Dec-2013 OGM All For
SM All For
BREVILLE GROUP LTD 13-Nov-2013 AGM All For
BRICKWORKS LTD
25-Nov-2013 OGM
All For except
Against 1
The Requisitioning Shareholders are seeking approval for the demerger distribution from Washington H. Soul Pattinson & Company Ltd, for the purposes of ASX Listing Rule 10.1.
Against 2 Approval for the cancellation of shares of Washington H. Soul Pattinson & Company Ltd, for the purposes of ASX Listing Rule 10.1.
26-Nov-2013 AGM
Against 2 Adoption of Remuneration Report
Against 3.1 Re-Election of Director - M.J. Millner
Against 3.2 Re-election of Director - The Hon. R.J. Webster
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
BT INVESTMENT MANAGEMENT LTD 06-Dec-2013 AGM All For
BUCCANEER ENERGY LTD
02-Oct-2013 OGM All For
29-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 3 Re-election of Mr Brian Moller
Against 5 Re-election of Mr Dean Gallegos
BUNNINGS WAREHOUSE PROPERTY TRUST 16-Sep-2013 OGM All For
BURU ENERGY LTD 12-Nov-2013 AGM
All For except
Not Eligible 4* Approval of prior issue of Placement Shares
Against 5 Approval of the Buru Energy Limited Share Appreciation Rights Plan
Against 6 Approval for grant of share appreciation rights to Dr Keiran Wulff
CABCHARGE AUSTRALIA LIMITED 20-Nov-2013 AGM
All For except
Against 1 Re-election of Donnald McMichael
Against 2 Adoption of Remuneration Report
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
CAPRAL LTD 23-Oct-2013 EOGM All For
17-Oct-2013 AGM All For
CARSALES.COM LTD 25-Oct-2013 AGM All For
CHALLENGER LTD 26-Nov-2013 AGM All For except
Against 4 Adoption of Remuneration Report
CHANDLER MACLEOD GROUP LTD 07-Nov-2013 AGM All For
CHARTER HALL GROUP 12-Nov-2013 AGM All For
CHARTER HALL RETAIL REIT 31-Oct-2013 OGM All For
CHORUS LTD 30-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
CLOUGH LTD
09-Oct-2013 AGM
All For except
Against 1 Adoption of the Remuneration Report
Against 3 Grant of Performance Rights to Kevin Gallagher - CEO and Executive Director
Against 4 Grant of Performance Rights to Neil Siford - CFO and Executive Director
Against 2.a Re-election of Director - Neil Siford
15-Nov-2013 OGM All For
SM All For
COCHLEAR LIMITED 15-Oct-2013 AGM All For
COFFEY INTERNATIONAL LTD COF 01-Nov-2013 AGM All For
COLLINS FOODS LTD 04-Sep-2013 AGM All For
COMMONWEALTH BANK OF AUSTRALIA 08-Nov-2013 AGM All For
COMPUTERSHARE LIMITED 13-Nov-2013 AGM All For
CONTACT ENERGY LTD 15-Oct-2013 AGM All For
COOPER ENERGY LTD 07-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
COUNTY COAL LTD 14-Nov-2013 AGM All For
CROMWELL PROPERTY GROUP
12-Jul-2013 OGM Not Eligible 1 Ratification of Prior Issue of Shares
20-Nov-2013 AGM
All For except
Against 8 Approval of the Cromwell Property Group Performance Rights Plan
Against 9 Approval of the Cromwell property Group Employee Security Loan Plan
Against 10 Grant of performance rights and stapled securities to Chief Executive Officer
Against 11 Grant of performance rights and stapled Securities to Finance Director
CROWE HORWATH AUSTRALASIA LTD 21-Oct-2013 AGM All For
CROWN LTD 30-Oct-2013 AGM All For
CSG LTD 11-Nov-2013 AGM All For except
Against 2 Adoption of Remuneration Report
CSL LTD 16-Oct-2013 AGM
All For except
Against 3 Adoption of Remuneration Report
Against 4 Grant of Performance Rights to Managing Director
CSR LTD 11-Jul-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
CUDECO LTD 28-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Re-election of Director - P. Keran
Against 3 Re-election of Director - Z. Ma
Against 4 Re-election of Director - Z. Wu
Against 9 Approval of share issue to H. Liu
DAVID JONES LTD 22-Nov-2013 AGM All For
DECMIL GROUP LTD 14-Nov-2013 AGM All For
DEXUS PROPERTY GROUP 29-Oct-2013 AGM All For
DOMINO'S PIZZA ENTERPRISES LTD 29-Oct-2013 AGM All For
DORAY MINERALS LTD 28-Nov-2013 AGM All For
DOWNER EDI LTD 06-Nov-2013 AGM All For
DRILLSEARCH ENERGY LTD 20-Nov-2013 AGM All For
DUET GROUP, SYDNEY NSW 18-Jul-2013 MIX For 1 Constitution Amendment Resolution
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
DUET GROUP 18-Jul-2013 MIX All For
22-Nov-2013 AGM All For
DULUXGROUP LTD 19-Dec-2013 AGM All For
ECHO ENTERTAINMENT GROUP LTD 08-Nov-2013 AGM All For
ENERGY WORLD CORPORATION LTD 22-Nov-2013 AGM All For
ENVESTRA LTD 30-Oct-2013 AGM All For except
Not Eligible 4 Approval of issue of shares
ERM POWER LTD 31-Oct-2013 AGM All For except
Against 7 Approval of Long Term Incentive Option Trust
EVOLUTION MINING LIMITED 26-Nov-2013 AGM All For
FAIRFAX MEDIA LTD 07-Nov-2013 AGM All For
FEDERATION CENTRES 31-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
FINBAR GROUP LTD 06-Nov-2013 AGM
All For except
Against 2 Re-election of Director - John Boon Cheak
Against 3 Adoption of employee incentive plan
Against 4 Approve Incentive Options to Darren John Pateman, Managing Director
FISHER & PAYKEL HEALTHCARE CORPORATION LTD 27-Aug-2013 AGM All For
FKP PROPERTY GROUP 01-Nov-2013 AGM All For
FLETCHER BUILDING LTD 16-Oct-2013 AGM All For
FLEXIGROUP LTD 20-Nov-2013 AGM All For
FLIGHT CENTRE LTD 31-Oct-2013 AGM All For
FORGE GROUP LTD, PERTH WA 24-Oct-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 6 Grant of Performance Rights to David Simpson
FORTESCUE METALS GROUP LTD 13-Nov-2013 AGM
All For except
Against 3 Election of Director - Peter Meurs
Against 6 Approval of Capacity to Grant Performance Rights to Executive Directors
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
FREEDOM FOODS GROUP LTD 29-Nov-2013 AGM All For
FUNTASTIC LTD 20-Dec-2013 AGM
All For except
Against 9 Approval of Issue of Options to Director - Mr Nir Pizmony
Against 10 Approval of 10% Placement Capacity
GALILEO JAPAN TRUST 02-Oct-2013 OGM All For
GBST HOLDINGS LTD 24-Oct-2013 AGM All For except
Against 4 Increase in Directors' Fee Pool
GOODMAN FIELDER LTD 22-Nov-2013 AGM All For
GOODMAN GROUP 22-Nov-2013 AGM All For
GWA GROUP LTD 30-Oct-2013 AGM All For
HARVEY NORMAN HOLDINGS LTD 26-Nov-2013 AGM
All For except
Against 5 Re-election of Director - David Matthew Ackery
Against 6 Re-election of Director - John Evyn Slack-Smith
HORIZON OIL LIMITED 21-Nov-2013 AGM All For
IINET LTD 19-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
IMDEX LIMITED (FORMERLY IMDEX NL) 17-Oct-2013 AGM All For
IMF (AUSTRALIA) LTD 28-Nov-2013 AGM All For except
Not Eligible 7 Ratification of Prior Issue of Shares
IMPEDIMED LTD, BRISBANE 11-Nov-2013 AGM All For except
Against 2 Adoption of Remuneration Report
INCITEC PIVOT LTD 19-Dec-2013 AGM All For
INDEPENDENCE GROUP NL 27-Nov-2013 AGM All For
INDOOR SKYDIVE AUSTRALIA GROUP LTD 27-Nov-2013 AGM All For except
Against 1 Re-election of Director - Danny Hogan
INSURANCE AUSTRALIA GROUP LTD 30-Oct-2013 AGM All For
INVESTA OFFICE FUND 24-Oct-2013 OGM All For
IOOF HOLDINGS LTD 26-Nov-2013 AGM All For
ISELECT LTD 18-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Re-election of Director - Leslie Webb
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
JAMES HARDIE INDUSTRIES SE 12-Aug-2013 AGM All For
JB HI-FI LIMITED 30-Oct-2013 AGM All For
KAROON GAS AUSTRALIA LTD 31-Oct-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Re-election of Director - Clark Davey
Against 3 Re-election of Director - Jose Coutinho-Barbosa
Not Eligible 4 Ratification of Prior Issue of Shares
KATHMANDU HOLDINGS LTD 20-Nov-2013 AGM All For
KINGSGATE CONSOLIDATED LTD 26-Nov-2013 AGM All For except
Against 4 Issue of Performance Rights to Gavin Thomas
LANTERN HOTEL GROUP LTD 18-Nov-2013 AGM All For
LEND LEASE GROUP 15-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
LINC ENERGY LTD 06-Nov-2013 EOGM
All For except
Against 1 Approval of delisting of Linc Energy from ASX
Against 2 Amendments to Constitution
28-Nov-2013 AGM All For 2 Adoption of Remuneration Report
M2 TELECOMMUNICATIONS GROUP LTD 16-Oct-2013 AGM All For
MACMAHON HOLDINGS LTD 15-Nov-2013 AGM All For
MACQUARIE GROUP LTD 25-Jul-2013 AGM All For
12-Dec-2013 OGM All For
MAGELLAN FINANCIAL GROUP LTD 18-Oct-2013 AGM All For
MALABAR COAL LTD 28-Nov-2013 AGM All For
MATRIX COMPOSITES & ENGINEERING LTD 06-Nov-2013 AGM All For
MAVERICK DRILLING AND EXPLORATION LTD 29-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 3 Re-election of Mr Roger Clarke
MCMILLAN SHAKESPEARE LTD 22-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
MCPHERSON'S LTD 20-Nov-2013 AGM All For
MEDUSA MINING LTD 22-Nov-2013 AGM All For except
Against 2 Re-election of Director - Raul Conde Villanueva
MERMAID MARINE AUSTRALIA LTD 21-Nov-2013 AGM All For
MESOBLAST LTD 15-Nov-2013 AGM All For
METALS X LTD 15-Nov-2013 AGM All For except
Against 2 Election of Director - Warren Shaye Hallam
METCASH LTD 28-Aug-2013 AGM All For
MINCOR RESOURCES NL 13-Nov-2013 AGM All For
MINERAL RESOURCES LTD 20-Nov-2013 AGM All For
MINT WIRELESS LTD 26-Nov-2013 AGM All For
MIRVAC GROUP 14-Nov-2013 AGM All For
MONADELPHOUS GROUP LTD 19-Nov-2013 AGM All For
MORTGAGE CHOICE LTD 23-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
MOUNT GIBSON IRON LTD 13-Nov-2013 AGM All For except
Against 1 Re-election of Director - Lee Seng Hui
MYER HOLDINGS LTD 20-Nov-2013 AGM All For
NANOSONICS LTD 08-Nov-2013 AGM
All For except
Against 2 Election of Director - Dr Ron Weinberger
Against 5 Nanosonics General Share Option Plan
NATIONAL AUSTRALIA BANK LTD 19-Dec-2013 AGM All For
NAVITAS LTD 04-Nov-2013 AGM All For
NEW HOPE CORPORATION LTD 14-Nov-2013 AGM All For except
Against 4 Issue of Performance Rights to Mr R. C. Neale
NEWCREST MINING LTD 24-Oct-2013 AGM
All For except
Against 3 Adoption of Remuneration Report
Against 2.c Re-election of Director - Richard Lee
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
NEXTDC LTD 30-Oct-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Re-election of Director - Edward Pretty
NIB HOLDINGS LTD 29-Oct-2013 AGM
All For except
Against 6 Approval to increase aggregate fee pool for Non-Executive Directors
NICK SCALI LTD 31-Oct-2013 AGM All For
NORTHERN STAR RESOURCES LTD 20-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 5 Approval of Potential Termination Benefits Under the Company's Performance Share Plan
NRW HOLDINGS LTD 11-Nov-2013 AGM All For
NUFARM LIMITED 05-Dec-2013 AGM All For
NUPLEX INDUSTRIES LTD 06-Nov-2013 AGM All For
OAKTON LTD 02-Oct-2013 AGM All For
ORIGIN ENERGY LTD 23-Oct-2013 AGM All For
OROCOBRE LTD 29-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
PACIFIC BRANDS LTD 24-Oct-2013 AGM All For
PACIFIC ENERGY LIMITED 25-Nov-2013 AGM All For except
Against 4 Authority to Issue Plan Shares to Mr Brady Hall
PALADIN ENERGY LTD 21-Nov-2013 AGM All For
PAPERLINX LTD 25-Oct-2013 AGM All For
PATTIES FOODS LTD 21-Nov-2013 AGM All For
PEET LTD 26-Nov-2013 AGM All For except
Against 2 Re-election of Director - Anthony James Lennon
PENTAL LTD 21-Nov-2013 AGM All For
PERPETUAL LTD 31-Oct-2013 AGM All For
PERSEUS MINING LTD 15-Nov-2013 AGM All For
PHARMAXIS LTD 27-Nov-2013 AGM All For
PLATINUM ASSET MANAGEMENT LTD 31-Oct-2013 AGM All For
PLATINUM AUSTRALIA LTD 30-Jul-2013 SM All For
PMP LTD 20-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
PREMIER INVESTMENTS LTD 21-Nov-2013 AGM
All For except
Against 2 Adoption of Remuneration Report
Against 3c Re-election of Director - Lindsay Fox
Against 3d Re-election of Director - Frank Jones
PRIMARY HEALTH CARE LTD 29-Nov-2013 AGM All For
PRIME MEDIA GROUP LIMITED 19-Nov-2013 AGM All For except
Against 3 Re-election of Director - Peter Evans
PSIVIDA CORP 18-Dec-2013 AGM
All For except
Against 2 Approval of stock option grant to CEO Paul Ashton
Against 3.1 Approval of stock option grant to the following non-executive director: Douglas Godshall
Against 3.2 Approval of stock option grant to the following non-executive director: Paul A. Hopper
Against 3.3 Approval of stock option grant to the following non-executive director: Michael Rogers
Against 3.4 Approval of stock option grant to the following non-executive director: Peter G. Savas
Against 3.5 Approval of stock option grant to the following non-executive director: David J. Mazzo
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
QANTAS AIRWAYS LTD 18-Oct-2013 AGM All For
QRXPHARMA LTD 13-Nov-2013 AGM All For
QUBE HOLDINGS LTD 14-Nov-2013 AGM
All For except
Against 1 Re-election of Robert Dove
Against 3 Election of Alan Miles
RAMSAY HEALTH CARE LTD RHC 14-Nov-2013 AGM
All For except
Against 4.1 Grant of Performance Rights to Executive Director - Mr Christopher Paul Rex
Against 4.2 Grant of Performance Rights to Executive Director - Mr Bruce Roger Soden
REA GROUP LTD 13-Nov-2013 AGM All For
RED FORK ENERGY LTD 19-Aug-2013 OGM All For
29-Nov-2013 AGM All For
REECE AUSTRALIA LTD 31-Oct-2013 AGM All For
REGIS RESOURCES LTD 22-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
RESMED INC 14-Nov-2013 AGM
All For except
Against 3 Approve, on an advisory basis, the compensation paid to our named executive officers, as described in the proxy statement
Against 4 Approve an amendment to the ResMed Inc. 2009 Incentive Award Plan
RESOLUTE MINING LTD 26-Nov-2013 AGM All For
RETAIL FOOD GROUP LIMITED 29-Nov-2013 AGM
All For except
Against 6 Approval of Share Issue
Against 7 Approval of CEO FY14 Incentive
REVERSE CORP LTD 31-Oct-2013 AGM All For
RIDLEY CORPORATION LTD 26-Nov-2013 AGM All For except
Against 2 Adoption of Remuneration Report
ROYAL WOLF HOLDINGS LTD 24-Oct-2013 AGM All For
SAI GLOBAL LTD 29-Oct-2013 AGM All For
SALMAT LTD 21-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SANDFIRE RESOURCES NL 27-Nov-2013 AGM All For except
Against 1 Adoption of Remuneration Report
SARACEN MINERAL HOLDINGS LIMITED 19-Nov-2013 AGM All For
SEDGMAN LTD 13-Nov-2013 AGM All For
SEEK LTD 28-Nov-2013 AGM All For
SENEX ENERGY LTD 20-Nov-2013 AGM All For
SERVCORP LIMITED 13-Nov-2013 AGM All For
SEVEN GROUP HOLDINGS LTD 19-Nov-2013 AGM All For
SEVEN WEST MEDIA LTD 13-Nov-2013 AGM
All For except
Against 5 To increase the Non-Executive Director Aggregate Fee Pool
SFG AUSTRALIA LTD 28-Nov-2013 AGM All For except
Against 1 Re-election of Director - James Kilkenny
SHINE CORPORATE LTD 23-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SHOPPING CENTRES AUSTRALASIA PROPERTY GROUP
06-Nov-2013 AGM
All For except
Against 8 Issue of Rights under the SCA Property Group Executive Incentive Plan to the Chief Executive Officer, Anthony Mellowes
Against 9 Issue of Rights under the SCA Property Group Executive Incentive Plan to the former Chief Financial Officer, Kerry Shambly
SILVER CHEF LTD 24-Oct-2013 AGM All For
SILVER LAKE RESOURCES LTD 04-Oct-2013 OGM All For
15-Nov-2013 AGM All For
SIMS METAL MANAGEMENT LTD 14-Nov-2013 AGM All For
SINGAPORE TELECOMMUNICATIONS LTD 26-Jul-2013 AGM All For
EOGM All For
SINO GAS & ENERGY HOLDINGS LTD 30-Dec-2013 OGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SIRIUS RESOURCES NL 19-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Election of Director - Neil Warburton
Against 5 Re-election of Director - Jeffrey Foster
Against 6 Adoption of Employee Incentive Option Plan
Against 7 Issue of Options - Jeff Dowling
Against 8 Issue of Options - Neil Warburton
Against 9 Issue of Options - David Craig
19-Dec-2013 OGM All For
SIRTEX MEDICAL LTD 29-Oct-2013 AGM All For
SKILLED GROUP LTD 24-Oct-2013 AGM All For
SKY CITY ENTERTAINMENT GROUP LTD 18-Oct-2013 AGM All For
SKY NETWORK TELEVISION LTD 24-Oct-2013 AGM All For
SLATER & GORDON LTD 24-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SMS MANAGEMENT & TECHNOLOGY LTD 22-Oct-2013 AGM All For
SONIC HEALTHCARE LIMITED 21-Nov-2013 AGM All For except
Against 3 Re-election of Director - Dr Philip Dubois
SOUTH AMERICAN FERRO METALS LTD 27-Nov-2013 AGM
All For except
Against 3 Re-election of Director - A Doyle
Against 6 Issue of options to Mr T Willsteed
Against 7 Issue of options to Mr S Turner
Against 8 Issue of options to Mr A Doyle
Against 9 Issue of options to Mr S Fabian
Against 10 Issue of options to Mr R Caporali
Against 12 Approval of Share Placement
SOUTHERN CROSS ELECTRICAL ENGINEERING LTD 28-Oct-2013 AGM All For
SOUTHERN CROSS MEDIA GROUP LTD 22-Oct-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 2 Re-election of Director - Chris de Boer
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SP AUSNET 18-Jul-2013 AGM All For except
Against 3 Adoption of Remuneration Report
SPECIALTY FASHION GROUP LTD 31-Oct-2013 AGM All For
ST BARBARA LTD 26-Nov-2013 AGM All For except
Against 1 Adoption of Remuneration Report
STARPHARMA HOLDINGS LTD 22-Nov-2013 AGM
All For except
Against 4 Approval of Issue of Performance Rights to Dr Jacinth Fairley
STEADFAST GROUP LTD 28-Oct-2013 AGM All For
STOCKLAND 29-Oct-2013 AGM All For
STRUCTURAL MONITORING SYSTEMS PLC 15-Nov-2013 AGM All For
SUNCORP GROUP LTD 24-Oct-2013 AGM All For
SUNDANCE ENERGY AUSTRALIA LTD 19-Aug-2013 EOGM Not Eligible 1 Ratification of Prior Issue of Shares
SUNDANCE RESOURCES LTD 29-Nov-2013 AGM All For except
Against 1 Adoption of Remuneration Report
SUNLAND GROUP LIMITED SDG 23-Oct-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
SUPER RETAIL GROUP LIMITED 23-Oct-2013 AGM All For
SYDNEY AIRPORT 19-Sep-2013 EOGM All For
22-Nov-2013 OGM All For
TABCORP HOLDINGS LIMITED TAH 31-Oct-2013 AGM All For
TASSAL GROUP LTD 31-Oct-2013 AGM All For
TATTS GROUP LTD 31-Oct-2013 AGM All For
TELECOM CORPORATION OF NEW ZEALAND LTD 08-Nov-2013 AGM All For
TELSTRA CORPORATION LTD 15-Oct-2013 AGM All For
TERANGA GOLD CORP 18-Jul-2013 MIX All For
THE REJECT SHOP LTD 16-Oct-2013 AGM All For
TIGER RESOURCES LTD, PERTH WA 13-Dec-2013 OGM
All For except
Not Eligible 1 Ratification of Prior Issue of Shares
Not Eligible 2* Approval for Issue of Shares
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
TISSUE THERAPIES LIMITED 25-Oct-2013 AGM
All For except
Against 4 Issue of options to Director
Not Eligible 5 Ratification of Prior Issue of Shares
TOLL HOLDINGS LTD, MELBOURNE VIC 24-Oct-2013 AGM All For
TOX FREE SOLUTIONS LTD 27-Nov-2013 AGM All For
TPG TELECOM LTD 04-Dec-2013 AGM All For except
Against 2 Re-election of Director - Alan Latimer
TRADE ME GROUP LTD 30-Oct-2013 AGM All For
TRANSFIELD SERVICES LTD, SYDNEY NSW 25-Oct-2013 AGM All For
TRANSPACIFIC INDUSTRIES GROUP LTD 30-Oct-2013 AGM All For
TRANSURBAN GROUP 10-Oct-2013 AGM All For
TREASURY WINE ESTATES LTD 23-Oct-2013 AGM All For
TROY RESOURCES LTD 28-Nov-2013 AGM
All For except
Against 9 Grant of 180,000 Share Appreciation Rights to Mr Paul Benson, Managing Director
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
TWENTY-FIRST CENTURY FOX INC 18-Oct-2013 AGM
All For except
Against 3 Advisory vote on Executive Compensation
Against 4 Approval of the Twenty-First Century Fox, Inc. 2013 Long-Term Incentive Plan
Against 1.e Election of Director - David F. DeVoe
Against 1.g Election of Director - Sir Roderick I Eddington
Against 1.h Election of Director - James R. Murdoch
Against 1.i Election of Director - Lachlan K. Murdoch
Against 5 Adopt a Policy that the Chairman of the Board of Directors be an Independent Director
Against 6 Eliminate the Company's Dual Class Capital Structure
UGL LTD 29-Oct-2013 AGM All For except
Against 4 Approval of previous issue of shares
UNILIFE CORPORATION 22-Aug-2013 SGM All For
21-Nov-2013 AGM All For
UXC LTD 24-Oct-2013 AGM All For
VDM GROUP LTD 16-Aug-2013 EOGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
VILLAGE ROADSHOW LTD 29-Nov-2013 AGM All For except
Against 3 Adoption of Remuneration Report
VIRGIN AUSTRALIA HOLDINGS LTD 20-Nov-2013 AGM All For except
Against 1 Adoption of Remuneration Report
VIRTUS HEALTH LTD 06-Nov-2013 AGM All For
VOCUS COMMUNICATIONS LTD, CHATSWOOD 26-Nov-2013 AGM
All For except
Against 5 Increase in Maximum Aggregate Remuneration of Non-Executive Directors
WASHINGTON H.SOUL PATTINSON & CO LTD 06-Dec-2013 AGM All For except
Against 3 Re-election of Director - Robert D. Millner
WDS LTD 20-Nov-2013 AGM All For
WEBJET LTD 13-Nov-2013 AGM
All For except
Against 1 Adoption of Remuneration Report
Against 4 Issue of options to the Managing Director - John Guscic
WESFARMERS LTD 07-Nov-2013 AGM All For
H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 Trustee of Health Employees Superannuation Trust Australia (HESTA) ABN 64 971 749 321.
Company Name Meeting Date
Meeting Type
For/Against Management
No Agenda Item
WESTERN AREAS LTD 21-Nov-2013 AGM All For
WESTPAC BANKING CORP 13-Dec-2013 AGM All For
WHITEHAVEN COAL LTD 04-Nov-2013 AGM All For
WOOLWORTHS LTD 26-Nov-2013 AGM All For
WORLEYPARSONS LTD 09-Oct-2013 AGM All For
WOTIF.COM HOLDINGS LTD 21-Oct-2013 AGM All For
XERO LTD 01-Aug-2013 AGM All For
* Split vote - Shares held by Managers that participated in the placement were ineligible and were not voted while shares held by
Managers that did not participate in the placement were voted as indicated.
Note
AGM = Annual General Meeting
OGM = Ordinary General Meeting
EOGM = Extra Ordinary General Meeting
SGM = Special General Meeting
The above disclosure represents votes at shareholder meetings as cast by HESTA. Please be aware that there may be
instances where a vote or a small number of votes may (i) not have been successfully transmitted through the intermediaries
in the voting chain and therefore not received by the issuing company, or (ii) not counted or accepted by the issuing
company.
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