Proxy Voting Record

Voting at company Annual General Meetings (AGMs) provides investors like VFMC with a formal means to exercise ownership rights, hold company management accountable and potentially send a signal on any issues at hand. Contentious issues can arise for resolutions being voted on, and companies can be encouraged to respond if/where strong investor support is not received.

Key voting themes over 2021- 2022 focussed on:

  • Shareholder requisitioned resolutions (e.g., regarding climate risk management and human rights)
  • Executive remuneration
  • Director appointments (skills, capacity, diversity, accountability)
  • Managing human capital (e.g., workforce wellbeing, diversity, retaining talent, remuneration).

For the 2021-2022 financial year, VFMC voted on 1,164 Australian resolutions and 5,144 international resolutions.

VFMC Australian Proxy Voting Statistics July 2021 – June 2022

The table below provides an overview of voting statistics for the twelve months ended 30 June 2022.

Australia
Type of resolution Total For Against Abstain Take no action
Number of meetings 221
Number of resolutions voted on 1164 961 164 26 13
Director elections 480 427 47 3 3
Remuneration reports / other remuneration matters 476 399 60 12 5
Shareholder resolutions 36 2 32 2 0
Other 172 133 25 9 5

VFMC International Proxy Voting Statistics July 2021 – June 2022

The table below provides an overview of voting statistics for the twelve months ended 30 June 2022, as voted by CGI Glass Lewis on behalf of VFMC.

International
Type of resolution Total For Against Abstain Take no action
Number of meetings 415
Total number of resolutions voted on 5144 4689 410 15 30
Director elections 3081 2903 152 3 23
Remuneration reports / other remuneration matters 631 545 86 0 0
Shareholder resolutions 251 106 141 4 0
Other 1181 1142 31 8 0

Voting records will be updated each year after June 30 and December 31.

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