Vote Summary Report - Schroders

Voting August 2018

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

Reporting Period: 08/01/2018 to 08/31/2018

ALS Limited Meeting Date: 08/01/2018 Country: Australia

Meeting Type: Annual Ticker: ALQ

Proposal Number

Proposal Text Mgmt Rec

Vote Instruction

For For Elect Bruce Phillips as Director 2.1

For For Elect Charlie Sartain as Director 2.2

For For Approve Remuneration Report 3

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

4

For For Approve Grant of Performance Rights to Raj Naran

5

For For Approve Potential Termination Benefits Under the ALS Short Term Incentive Plan and ALS Long Term Incentive Plan

6

Capri Holdings Limited Meeting Date: 08/01/2018 Country: Virgin Isl (UK)

Meeting Type: Annual Ticker: KORS

Proposal Number

Proposal Text Mgmt Rec

Vote Instruction

1a Elect Director M. William Benedetto For For

For For Elect Director Stephen F. Reitman 1b

For For Elect Director Jean Tomlin 1c

For For Ratify Ernst & Young LLP as Auditors 2

For For Advisory Vote to Ratify Named Executive Officers' Compensation

3

Against Against Assess Feasibility of Adopting Quantitative Renewable Energy Goals

4

Voter Rationale: We do not support this proposal to require the company to develop renewable energy targets. While we are supportive of transparency on climate change issues, the resolution is quite prescriptive and the company is not in a high-emitting sector.

CentralNic Group Plc Meeting Date: 08/01/2018 Country: United Kingdom

Meeting Type: Special Ticker: CNIC

Vote Summary Report


CentralNic Group Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of the Entire Issued Share Capital of Keydrive S.A.

For For

For For Authorise Issue of Equity in Connection with the Placing and the Acquisition

2

For For Authorise Issue of Equity Pursuant to the Acquisition Agreement

3

For For Authorise Issue of Equity without Pre-emptive Rights in Connection with the Placing

4

For For Approve Long Term Incentive Plan 5

For For Approve Share Option Plan 6

For For Authorise Issue of Equity with Pre-emptive Rights

7

For For Authorise Issue of Equity without Pre-emptive Rights

8

CML Microsystems plc Meeting Date: 08/01/2018 Country: United Kingdom

Meeting Type: Annual Ticker: CML

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 Neil Pritchard as Director 4

For For Re-elect Jim Lindop as Director 5

For For Authorise the Company to Use Electronic Communications

6

For For Reappoint RSM UK Audit LLP as Auditors 7

For For Authorise Board to Fix Remuneration of Auditors 8


9

Vote Summary Report


CML Microsystems plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Authorise Issue of Equity without Pre-emptive Rights

10

Voter Rationale: Excessive dilution.

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

11

For For Authorise Market Purchase of Ordinary Shares 12

Dods Group PLC Meeting Date: 08/01/2018 Country: United Kingdom

Meeting Type: Annual Ticker: DODS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Reappoint Grant Thornton UK LLP as Auditors 2


For For Elect Angela Entwistle as Director 4

For For Elect Mark Smith as Director 5

For For Elect Simon Presswell as Director 6

For For Re-elect Diane Lees as Director 7


8


9


Xilinx, Inc. Meeting Date: 08/01/2018 Country: USA

Meeting Type: Annual Ticker: XLNX

Vote Summary Report


Xilinx, Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Dennis Segers For For

For For Elect Director Raman Chitkara 1.2

For For Elect Director Saar Gillai 1.3

For For Elect Director Ronald S. Jankov 1.4

For For Elect Director Mary Louise Krakauer 1.5

For For Elect Director Thomas H. Lee 1.6

For For Elect Director J. Michael Patterson 1.7

For For Elect Director Victor Peng 1.8

For For Elect Director Albert A. Pimentel 1.9

For For Elect Director Marshall C. Turner 1.10

For For Elect Director Elizabeth W. Vanderslice 1.11

For For Amend Qualified Employee Stock Purchase Plan 2

Against For Amend Omnibus Stock Plan 3

Against For Advisory Vote to Ratify Named Executive Officers' Compensation

4


Baillie Gifford UK Growth Fund plc Meeting Date: 08/02/2018 Country: United Kingdom

Meeting Type: Annual Ticker: BGUK

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Re-elect Andrew Hutton as Director 3

For For Reappoint PricewaterhouseCoopers LLP as Auditors

4


Vote Summary Report


Baillie Gifford UK Growth Fund plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


6


7


Civitas Social Housing plc Meeting Date: 08/02/2018 Country: United Kingdom

Meeting Type: Annual Ticker: CSH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Approve Remuneration Policy 3

For For Re-elect Michael Wrobel as Director 4

For For Re-elect Peter Baxter as Director 5

For For Re-elect Caroline Gulliver as Director 6

For For Re-elect Alastair Moss as Director 7


8

For For Authorise the Audit and Management Engagement Committee to Fix Remuneration of Auditors

9

For For Approve the Company's Dividend Payment Policy

10


11


12


For For Authorise Market Purchase of C Shares 14

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

15

Vote Summary Report


CorVel Corporation Meeting Date: 08/02/2018 Country: USA

Meeting Type: Annual Ticker: CRVL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director V. Gordon Clemons For For

Withhold For Elect Director Steven J. Hamerslag 1.2

Withhold For Elect Director Alan R. Hoops 1.3

Withhold For Elect Director R. Judd Jessup 1.4

Withhold For Elect Director Jean H. Macino 1.5

Withhold For Elect Director Jeffrey J. Michael 1.6


For For Ratify Haskell & White LLP as Auditors 3

Eagle Materials Inc. Meeting Date: 08/02/2018 Country: USA

Meeting Type: Annual Ticker: EXP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1A Elect Director F. William Barnett For For

For For Elect Director Richard Beckwitt 1B

For For Elect Director Ed H. Bowman 1C


2


Electronic Arts Inc. Meeting Date: 08/02/2018 Country: USA

Meeting Type: Annual Ticker: EA

Vote Summary Report


Electronic Arts Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Leonard S. Coleman For For

For For Elect Director Jay C. Hoag 1b

For For Elect Director Jeffrey T. Huber 1c

For For Elect Director Lawrence F. Probst, III 1d

For For Elect Director Talbott Roche 1e

For For Elect Director Richard A. Simonson 1f

For For Elect Director Luis A. Ubinas 1g

For For Elect Director Heidi J. Ueberroth 1h

For For Elect Director Andrew Wilson 1i


2

For For Ratify KPMG LLP as Auditors 3

Highbridge Multi-Strategy Fund Ltd Meeting Date: 08/02/2018 Country: Guernsey

Meeting Type: Annual Ticker: HMSF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Reappoint PricewaterhouseCoopers CI LLP as Auditors and Authorise Their Remuneration

2

For For Re-elect Vic Holmes as Director 3

For For Re-elect Sarita Keen as Director 4

For For Re-elect Steve Le Page as Director 5

For For Re-elect Paul Meader as Director 6



8

Vote Summary Report


Jazz Pharmaceuticals plc Meeting Date: 08/02/2018 Country: Ireland

Meeting Type: Annual Ticker: JAZZ

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Peter Gray For For

For For Elect Director Kenneth W. O'Keefe 1b

For For Elect Director Elmar Schnee 1c

For For Elect Director Catherine A. Sohn 1d

For For Approve KPMG, Dublin as Auditors and Authorize Board to Fix Their Remuneration

2


3

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

KKR Real Estate Finance Trust Inc. Meeting Date: 08/02/2018 Country: USA

Meeting Type: Annual Ticker: KREF

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Terrance R. Ahern For For

Withhold For Elect Director R. Craig Blanchard 1.2

For For Elect Director Irene M. Esteves 1.3

Withhold For Elect Director Todd A. Fisher 1.4

For For Elect Director Jonathan A. Langer 1.5

For For Elect Director Paula Madoff 1.6

Withhold For Elect Director Deborah H. McAneny 1.7

Withhold For Elect Director Ralph F. Rosenberg 1.8

Against For Ratify Deloitte & Touche LLP as Auditors 2

Vote Summary Report


Ralph Lauren Corporation Meeting Date: 08/02/2018 Country: USA

Meeting Type: Annual Ticker: RL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Frank A. Bennack, Jr. For For

For For Elect Director Joel L. Fleishman 1.2

For For Elect Director Michael A. George 1.3

For For Elect Director Hubert Joly 1.4



3

Vp plc Meeting Date: 08/02/2018 Country: United Kingdom

Meeting Type: Annual Ticker: VP.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Re-elect Jeremy Pilkington as Director 3

For For Re-elect Neil Stothard as Director 4

For For Re-elect Allison Bainbridge as Director 5

For For Re-elect Stephen Rogers as Director 6

For For Re-elect Philip White as Director 7


8




Vote Summary Report


China Molybdenum Co., Ltd. Meeting Date: 08/03/2018 Country: China

Meeting Type: Special Ticker: 3993

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Li Chaochun as Director For For

For For Elect Li Faben as Director 2

For For Elect Yuan Honglin as Director 3

For For Elect Ma Hui as Director 4

For For Elect Cheng Yunlei as Director 5

For For Elect Li Shuhua as Director 6

For For Elect Yan Ye as Director 7

For For Elect Wang Yougui as Director 8

For For Elect Zhang Zhenhao as Supervisor 9

For For Elect Kou Youmin as Supervisor 10

For For Authorize Board to Fix the Remuneration of Director and Supervisor

11

Cirrus Logic, Inc. Meeting Date: 08/03/2018 Country: USA

Meeting Type: Annual Ticker: CRUS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director John C. Carter For For

For For Elect Director Alexander M. Davern 1.2

For For Elect Director Timothy R. Dehne 1.3

For For Elect Director Christine King 1.4

For For Elect Director Jason P. Rhode 1.5

For For Elect Director Alan R. Schuele 1.6

For For Elect Director David J. Tupman 1.7


Vote Summary Report


Cirrus Logic, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


3

For For Approve Omnibus Stock Plan 4

Dawnrays Pharmaceutical (Holdings) Ltd. Meeting Date: 08/03/2018 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Special Dividend For For

For For Approve Share Sub-Division 2

Future PLC Meeting Date: 08/03/2018 Country: United Kingdom

Meeting Type: Special Ticker: FUTR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Issue of Equity in Connection with the Rights Issue

For For

NORTHSTAR REALTY EUROPE CORP. Meeting Date: 08/03/2018 Country: USA

Meeting Type: Annual Ticker: NRE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Richard B. Saltzman For For

For For Elect Director Mahbod Nia 1.2

For For Elect Director Mario Chisholm 1.3

Vote Summary Report


NORTHSTAR REALTY EUROPE CORP. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Director Judith A. Hannaway 1.4

For For Elect Director Dianne Hurley 1.5

For For Elect Director Oscar Junquera 1.6

For For Elect Director Wesley D. Minami 1.7

For For Ratify PricewaterhouseCoopers, Societe cooperative as Auditors

2

For For Amend Charter to Allow Shareholders to Amend Bylaws

3

For For Approve Issuance of Shares for a Private Placement

4

Tata Motors Ltd. Meeting Date: 08/03/2018 Country: India

Meeting Type: Annual Ticker: 500570

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Standalone Financial Statements and Statutory Reports

For For

For For Accept Consolidated Financial Statements and Statutory Reports

2

For For Reelect Guenter Butschek as Director 3

For For Elect Hanne Birgitte Sorensen as Director 4

For For Approve Remuneration of Cost Auditors 5

For For Approve Issuance of Non-Convertible Debentures/Bonds on Private Placement Basis

6

For For Approve Tata Motors Limited Employees Stock Option Scheme 2018 and Grant of Options to the Employees of the Company Under the Scheme

7

Titan Company Limited Meeting Date: 08/03/2018 Country: India


Vote Summary Report


Titan Company Limited

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Dividend 2

For For Reelect N.N. Tata as Director 3

For For Elect B Santhanam as Director 4

For For Elect K. Gnanadesikan as Director 5

For For Elect Ramesh Chand Meena as Director 6

For For Approve Branch Auditors and Authorize Board to Fix Their Remuneration

7

Tata Consultancy Services Ltd. Meeting Date: 08/04/2018 Country: India

Meeting Type: Special Ticker: TCS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Buy Back of Equity Shares For For

Charter Hall Long WALE REIT Meeting Date: 08/06/2018 Country: Australia

Meeting Type: Special Ticker: CLW

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve the Sale of 50 Percent of ATO Adelaide For For

For For Approve Simplification Transaction 2

Vote Summary Report


Graphite India Limited Meeting Date: 08/06/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Accept Financial Statements and Statutory Reports

For For

For For Accept Consolidated Financial Statements 1b

For For Confirm Interim Dividend and Declare Final Dividend

2

For For Reelect K. K. Bangur as Director 3

Against For Approve Remuneration by Way of Commission to Non-Executive Directors

4

Voter Rationale: The company has failed to specify the commission rate for non-executive directors


For For Approve Issuance of Non-Convertible Debentures/Bonds on Private Placement Basis

6

Odontoprev S.A. Meeting Date: 08/06/2018 Country: Brazil

Meeting Type: Special Ticker: ODPV3

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of Odonto System Planos Odontologicos Ltda.

For For

Sino-Ocean Group Holding Limited Meeting Date: 08/06/2018 Country: Hong Kong


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Adopt Share Option Scheme and Related Transactions

For For

Vote Summary Report


Sino-Ocean Group Holding Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Fu Fei as Director and Authorize Board to Fix His Remuneration

2

Delta Property Fund Limited Meeting Date: 08/07/2018 Country: South Africa

Meeting Type: Annual Ticker: DLT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Resignation of Bronwyn Corbett as Director

For For

For For Re-elect Ian Macleod as Director 2

For For Re-elect Dumo Motau as Director 3

For For Reappoint BDO South Africa Inc as Auditors of the Company with Stephen Shaw as the Designated Audit Partner and Authorise Their Remuneration

4

For For Re-elect JJ Njeke as Chairman of the Audit, Risk and Compliance Committee

5

For For Re-elect Ian Macleod as Member of the Audit, Risk and Compliance Committee

6

For For Re-elect Nombuso Afolayan as Member of the Audit, Risk and Compliance Committee

7


For For Approve Implementation of Remuneration Policy 9

For For Authorise Board to Issue Shares for Cash 10

For For Authorise Issue of Shares to Enable Shareholders to Reinvest Cash Distributions

11

For For Authorise Board to Ratify and Execute Approved Resolutions

12

Against For Approve Remuneration of Non-executive Directors

1

Voter Rationale: The proposed level of fees to be paid to NEDs appears relatively high for a Company of this size.

Against For Authorise Repurchase of Issued Share Capital 2

Voter Rationale: Repurchase limit exceeds 10%

For For Approve Financial Assistance in Terms of Section 44 of the Companies Act

3

Vote Summary Report


Delta Property Fund Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


4

For For Authorise Issue of Shares to Directors Who Elect to Reinvest Their Distributions Under the Re-investment Option

5

Mphasis Ltd Meeting Date: 08/07/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Amit Dalmia as Director 3

For For Reelect David Lawrence Johnson as Director 4

For For Approve BSR & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

Against For Reelect Narayanan Kumar as Director 6

Voter Rationale: Over-boarded

OFX Group Limited Meeting Date: 08/07/2018 Country: Australia

Meeting Type: Annual Ticker: OFX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve the Remuneration Report None For

For For Elect Lisa Frazier as Director 3

For For Elect Douglas Snedden as Director 4

For For Approve the OFX Group Limited Global Equity Plan

5

Vote Summary Report


OFX Group Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve the OFX Group Limited Executive Share Plan

6

For For Approve Issuance of Shares and Loan to John Alexander Malcolm

7

For For Approve Issuance of Performance Rights to John Alexander Malcolm

8

Saputo Inc. Meeting Date: 08/07/2018 Country: Canada

Meeting Type: Annual Ticker: SAP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Lino A. Saputo, Jr. For For

For For Elect Director Louis-Philippe Carriere 1.2

For For Elect Director Henry E. Demone 1.3

For For Elect Director Anthony M. Fata 1.4

For For Elect Director Annalisa King 1.5

For For Elect Director Karen Kinsley 1.6

For For Elect Director Tony Meti 1.7

For For Elect Director Diane Nyisztor 1.8

For For Elect Director Franziska Ruf 1.9

For For Elect Director Annette Verschuren 1.10

For For Approve Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration

2

For Against SP 1: Disclosure on Human Rights Risk Assessment

3

Voter Rationale: Saputo is being asked to report on its process for assessing human rights-related risks. Although SAP has disclosed certain related policies within its Code of Ethics and pursuant to the Saputo Promise initiative, includes some measurable metrics - the company does not provide specifics about potential risks or related risk assessments conducted prior to entering business relationships. Many industry peers in Canada have publicly disclosed more information, including codes of conduct specific to suppliers and additional information about potential risks within Corporate Sustainability Reports dedicated to ESG issues. Given that SAP was fined in 2016 for an H&S offence which resulted in an employee’s death, and is expanding into international markets, more transparency would be beneficial for investors. As such, we are supporting the resolution.

Vote Summary Report


ABIOMED, Inc. Meeting Date: 08/08/2018 Country: USA

Meeting Type: Annual Ticker: ABMD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Eric A. Rose For Withhold

For For Elect Director Jeannine M. Rivet 1.2


2


For For Ratify Deloitte & Touche LLP as Auditors 4

CA, Inc. Meeting Date: 08/08/2018 Country: USA

Meeting Type: Annual Ticker: CA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Jens Alder For For

For For Elect Director Nancy A. Altobello 1.2

For For Elect Director Raymond J. Bromark 1.3

For For Elect Director Michael P. Gregoire 1.4

For For Elect Director Jean M. Hobby 1.5

For For Elect Director Rohit Kapoor 1.6

For For Elect Director Jeffrey G. Katz 1.7

For For Elect Director Kay Koplovitz 1.8

For For Elect Director Christopher B. Lofgren 1.9

For For Elect Director Richard Sulpizio 1.10

For For Ratify KPMG LLP as Auditors 2


3

Vote Summary Report


China CITIC Bank Corporation Ltd. Meeting Date: 08/08/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Association Regarding Party Committee

For Abstain

Voter Rationale: Party Committee

For For Elect Fang Heying as Director 2

Footasylum plc Meeting Date: 08/08/2018 Country: United Kingdom

Meeting Type: Annual Ticker: FOOT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Elect Barry Bown as Director 2

For For Elect Clare Nesbitt as Director 3

For For Elect Danielle Davies as Director 4

For For Elect Stephen Robertson as Director 5

For For Elect Brendan Hynes as Director 6

For For Appoint Grant Thornton LLP as Auditors 7



9


10

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

11


Vote Summary Report


Investec Ltd Meeting Date: 08/08/2018 Country: South Africa

Meeting Type: Annual Ticker: INL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Re-elect Zarina Bassa as Director For For

For For Re-elect Laurel Bowden as Director 2

For For Re-elect Glynn Burger as Director 3

For For Re-elect Cheryl Carolus as Director 4

For For Re-elect Peregrine Crosthwaite as Director 5

For For Re-elect Hendrik du Toit as Director 6

For For Re-elect David Friedland as Director 7

For For Re-elect Charles Jacobs as Director 8

Against For Re-elect Bernard Kantor as Director 9

Voter Rationale: Founding director stepping down to become NED.

For For Re-elect Ian Kantor as Director 10

Against For Re-elect Stephen Koseff as Director 11


For For Re-elect Lord Malloch-Brown as Director 12

For For Re-elect Khumo Shuenyane as Director 13

For For Re-elect Fani Titi as Director 14

For For Elect Philip Hourquebie as Director 15

Against For Approve Remuneration Report Including Implementation Report

16

Voter Rationale: Remuneration focused on personal targets.

Against For Approve Remuneration Policy 17


For For Authorise Ratification of Approved Resolutions 18

For For Sanction the Interim Dividend on the Ordinary Shares

20

For For Sanction the Interim Dividend on the Dividend Access (South African Resident) Redeemable Preference Share

21

Vote Summary Report


Investec Ltd Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Final Dividend on the Ordinary Shares and the Dividend Access (South African Resident) Redeemable Preference Share

22

For For Reappoint Ernst & Young Inc as Joint Auditors of the Company

23

For For Reappoint KPMG Inc as Joint Auditors of the Company

24

For For Place Unissued Ordinary Shares Under Control of Directors

25

For For Place Unissued Variable Rate, Cumulative, Redeemable Preference Shares and Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares Under Control of Directors

26

For For Place Unissued Special Convertible Redeemable Preference Shares Under Control of Directors

27

For For Authorise Repurchase of Issued Ordinary Shares 28

For For Authorise Repurchase of Class ILRP2 Redeemable, Non-Participating Preference Shares, Any Other Redeemable, Non-Participating Preference Shares and Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares

29

For For Approve Financial Assistance to Subsidiaries and Directors

30

For For Approve Non-executive Directors' Remuneration 31

For For Accept Financial Statements and Statutory Reports

32


33


For For Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration

35


36


For For Authorise Market Purchase of Preference Shares 38

For For Authorise EU Political Donations and Expenditure

39

Vote Summary Report


Investec plc Meeting Date: 08/08/2018 Country: United Kingdom

Meeting Type: Annual Ticker: INVP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Re-elect Zarina Bassa as Director For For

For For Re-elect Laurel Bowden as Director 2

For For Re-elect Glynn Burger as Director 3

For For Re-elect Cheryl Carolus as Director 4

For For Re-elect Peregrine Crosthwaite as Director 5

For For Re-elect Hendrik du Toit as Director 6

For For Re-elect David Friedland as Director 7

For For Re-elect Charles Jacobs as Director 8

Against For Re-elect Bernard Kantor as Director 9


For For Re-elect Ian Kantor as Director 10

Against For Re-elect Stephen Koseff as Director 11


For For Re-elect Lord Malloch-Brown as Director 12

For For Re-elect Khumo Shuenyane as Director 13

For For Re-elect Fani Titi as Director 14

For For Elect Philip Hourquebie as Director 15

Against For Approve Remuneration Report Including Implementation Report

16


Against For Approve Remuneration Policy 17


For For Authorise Board to Ratify and Execute Approved Resolutions

18


20

For For Sanction the Interim Dividend on the Dividend Access (South African Resident) Redeemable Preference Share

21

Vote Summary Report


Investec plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Final Dividend on the Ordinary Shares and the Dividend Access (South African Resident) Redeemable Preference Share

22

For For Reappoint Ernst & Young Inc as Joint Auditors of the Company

23

For For Reappoint KPMG Inc as Joint Auditors of the Company

24

For For Place Unissued Ordinary Shares Under Control of Directors

25

For For Place Unissued Variable Rate, Cumulative, Redeemable Preference Shares and Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares Under Control of Directors

26

For For Place Unissued Special Convertible Redeemable Preference Shares Under Control of Directors

27

For For Authorise Repurchase of Issued Ordinary Shares 28

For For Authorise Repurchase of Class ILRP2 Redeemable, Non-Participating Preference Shares, Any Other Redeemable, Non-Participating Preference Shares and Non-Redeemable, Non-Cumulative, Non-Participating Preference Shares

29

For For Approve Financial Assistance to Subsidiaries and Directors

30

For For Approve Non-executive Directors' Remuneration 31


32


33


For For Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration

35


36


For For Authorise Market Purchase of Preference Shares 38


39

Vote Summary Report


Lai Sun Development Co., Ltd. Meeting Date: 08/08/2018 Country: Hong Kong


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Offers as a Very Substantial Acquisition For For

For For Approve Share Offers to Yu Shareholders 2

Lai Sun Garment (International) Ltd. Meeting Date: 08/08/2018 Country: Hong Kong


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Offers as a Very Substantial Acquisition For For

For For Approve Share Offers to Yu Shareholders 2

Cummins India Ltd. Meeting Date: 08/09/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


2

For For Approve Final Dividend and Confirm Interim Dividend

3

Against For Reelect Antonio Leitao as Director 4

Voter Rationale: Poor attendance for 2 consecutive years

For For Elect Sandeep Sinha as Director 5

For For Elect Mark Levett as Director 6

Vote Summary Report


Cummins India Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Appointment and Remuneration of Sandeep Sinha as Managing Director

7


For For Approve Material Related Party Transactions with Cummins Limited, UK

9

For For Approve Material Related Party Transactions with Tata Cummins Private Limited

10

Emperor Entertainment Hotel Limited Meeting Date: 08/09/2018 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Fan Man Seung, Vanessa as Director 3A

For For Elect Kwan Shin Luen, Susanna as Director 3B

For For Authorize Board to Fix Remuneration of Directors

3C

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

4

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

5A

Voter Rationale: Issuance limit exceeds 10% threshold

For For Authorize Repurchase of Issued Share Capital 5B

Against For Authorize Reissuance of Repurchased Shares 5C

Voter Rationale: Discount limit not disclosed

Gramercy Property Trust Meeting Date: 08/09/2018 Country: USA

Meeting Type: Special Ticker: GPT

Vote Summary Report


Gramercy Property Trust

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Merger Agreement For For

For For Advisory Vote on Golden Parachutes 2

For For Adjourn Meeting 3

Gujarat Pipavav Port Ltd. Meeting Date: 08/09/2018 Country: India

Meeting Type: Annual Ticker: GPPL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For Against

Voter Rationale: The auditors' qualified opinion raises concern over the accuracy and integrity of the company's financial statements.

For For Approve Final Dividend and Interim Dividend 2

For For Reelect David Skov as Director 3

For For Approve Reappointment and Remuneration of Keld Pedersen as Managing Director

4

MagForce AG Meeting Date: 08/09/2018 Country: Germany

Meeting Type: Annual Ticker: MF6

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Approve Discharge of Management Board for Fiscal 2017

For For

For For Approve Discharge of Supervisory Board for Fiscal 2017

3

For For Ratify AIOS GmbH as Auditors for Fiscal 2018 4

For For Amend Stock Option Plan 2013 5

Vote Summary Report


MagForce AG Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 100 Million; Approve Creation of EUR 9.5 Million Pool of Capital to Guarantee Conversion Rights

6

MRF Ltd. Meeting Date: 08/09/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Cibi Mammen as Director 3

For For Reelect Ambika Mammen as Director 4

For For Approve Reappointment and Remuneration of Arun Mammen as Vice Chairman and Managing Director

5

For For Approve Issuance of Non-Convertible Debentures on Private Placement Basis

6


Pacific Textiles Holdings Ltd. Meeting Date: 08/09/2018 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Choi Kin Chung as Director 3a

For For Elect Sze Kwok Wing, Nigel as Director 3b

Vote Summary Report


Pacific Textiles Holdings Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Elect Chan Yue Kwong, Michael as Director 3c

Voter Rationale: Overboarded

For For Elect Toshiya Ishii as Director 3d


3e

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

4


5

Voter Rationale: Dilution exceeds 10%

For For Authorize Repurchase of Issued Share Capital 6

Against For Authorize Reissuance of Repurchased Shares 7


Red Hat, Inc. Meeting Date: 08/09/2018 Country: USA

Meeting Type: Annual Ticker: RHT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Sohaib Abbasi For For

For For Elect Director W. Steve Albrecht 1.2

For For Elect Director Charlene T. Begley 1.3

For For Elect Director Narendra K. Gupta 1.4

For For Elect Director Kimberly L. Hammonds 1.5

For For Elect Director William S. Kaiser 1.6

For For Elect Director James M. Whitehurst 1.7

For For Elect Director Alfred W. Zollar 1.8


2

For For Ratify PricewaterhouseCoopers LLP as Auditors 3

Vote Summary Report


Texwinca Holdings Limited Meeting Date: 08/09/2018 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Poon Bun Chak as Director 3a1

For For Elect Ting Kit Chung as Director 3a2

For For Elect Poon Ho Tak as Director 3a3

Against For Elect Au Son Yiu as Director 3a4

Voter Rationale: Length of tenure compromises independence

Against For Elect Cheng Shu Wing as Director 3a5


For For Elect Law Brian Chung Nin as Director 3a6


3b

For For Approve Ernst & Young as Auditor and Authorize Board to Fix Their Remuneration

4



6




The Williams Companies, Inc. Meeting Date: 08/09/2018 Country: USA

Meeting Type: Special Ticker: WMB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Increase Authorized Common Stock For For

For For Issue Shares in Connection with Acquisition 2

Vote Summary Report


The Williams Companies, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Eicher Motors Limited Meeting Date: 08/10/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Approve Reclassification of the Status of Promoters Shareholding into Public Shareholding

4

iShares plc - iShares $ Corporate Bond UCITS ETF Meeting Date: 08/10/2018 Country: Ireland

Meeting Type: Annual Ticker: ISRP.F

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Ratify PricewaterhouseCoopers as Auditors 2


For For Elect David Moroney as Director 4

For For Elect Jessica Irschick as Director 5

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

Vote Summary Report


iShares PLC - iShares MSCI Emerging Markets UCITS ETF Meeting Date: 08/10/2018 Country: Ireland

Meeting Type: Annual Ticker: IEMM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For






iShares PLC - iShares MSCI Taiwan UCITS ETF Meeting Date: 08/10/2018 Country: Ireland

Meeting Type: Annual Ticker: ITWN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For






James Hardie Industries plc Meeting Date: 08/10/2018 Country: Ireland

Meeting Type: Annual Ticker: JHX

Vote Summary Report


James Hardie Industries plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve the Remuneration Report 2

For For Elect Persio Lisboa as Director 3a

For For Elect Andrea Gisle Joosen as Director 3b

For For Elect Michael Hammes as Director 3c

For For Elect Alison Littley as Director 3d

For For Authorize Board to Fix Remuneration of Auditors 4

For For Approve the James Hardie Industries Long Term Incentive Plan 2006

5

For For Approve the Grant of Return on Capital Employed Restricted Stock Units to Louis Gries

6

For For Approve the Grant of Relative Total Shareholder Return Restricted Stock Units to Louis Gries

7

For For Approve the Amendments to the Company's Constitution

8

Shenzhen Expressway Company Ltd. Meeting Date: 08/10/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Self-Inspection Report on the Real Estate Development Business and Relevant Undertaking Letters in Relation to the Public Issuance of A Share Convertible Bonds

For For

Tsuruha Holdings Inc. Meeting Date: 08/10/2018 Country: Japan


Vote Summary Report


Tsuruha Holdings Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Tsuruha, Tatsuru For For

For For Elect Director Horikawa, Masashi 1.2

For For Elect Director Tsuruha, Jun 1.3

For For Elect Director Goto, Teruaki 1.4

For For Elect Director Abe, Mitsunobu 1.5

For For Elect Director Kijima, Keisuke 1.6

For For Elect Director Mitsuhashi, Shinya 1.7

For For Elect Director Aoki, Keisei 1.8

For For Elect Director Okada, Motoya 1.9

For For Elect Director Yamada, Eiji 1.10

For For Elect Director Ogawa, Hisaya 1.11

For For Appoint Statutory Auditor Sakai, Jun 2.1

For For Appoint Statutory Auditor Ofune, Masahiro 2.2

For For Approve Stock Option Plan 3

VA Tech Wabag Ltd. Meeting Date: 08/10/2018 Country: India

Meeting Type: Annual Ticker: WABAG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect S Varadarajan as Director 3

For For Approve Sharp & Tannan, Chartered Accountants, Chennai as Auditors and Authorize Board to Fix Their Remuneration

4

For For Approve Appointment and Remuneration of S Varadarajan as Whole Time Director

5

For For Reelect Malay Mukherjee as Director 6

Vote Summary Report


VA Tech Wabag Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Approve Charging of Fee for Delivery of Documents

8


9

EMS Chemie Holding AG Meeting Date: 08/11/2018 Country: Switzerland

Meeting Type: Annual Ticker: EMSN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3.1 Accept Financial Statements and Statutory Reports

For For

For For Approve Remuneration of Board of Directors in the Amount of CHF 745,000

3.2.1

Against For Approve Remuneration of Executive Committee in the Amount of CHF 3.7 Million

3.2.2

Voter Rationale: Lack of disclosure.

For For Approve Allocation of Income and Ordinary Dividends of CHF 14.50 per Share and Special Dividends of CHF 4.00 per Share

4

For For Approve Discharge of Board and Senior Management

5

For For Reelect Ulf Berg as Director, Board Chairman, and Member of the Compensation Committee

6.1.1

For For Reelect Magdelena Martullo as Director 6.1.2

For For Reelect Joachim Streu as Director 6.1.3

For For Reelect Bernhard Merki as Director and Member of the Compensation Committee

6.1.4

For For Elect Christoph Maeder as Director and Member of the Compensation Committee

6.1.5

For For Ratify Ernst & Young AG as Auditors 6.2

For For Designate Robert Daeppen as Independent Proxy

6.3

Against For Transact Other Business (Voting) 7

Voter Rationale: Other business not disclosed.

Vote Summary Report


Delek Automotive Systems Ltd. Meeting Date: 08/12/2018 Country: Israel

Meeting Type: Special Ticker: DLEA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Yael Git as External Director and Approve Director's Remuneration

For For

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

Voter Rationale: Administrative

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

B1


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


Against None If you do not fall under any of the categories mentioned under items B1 through B3, vote FOR. Otherwise, vote against.

B4


Turkiye Halk Bankasi A.S. Meeting Date: 08/13/2018 Country: Turkey

Meeting Type: Annual Ticker: HALKB

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Open Meeting and Elect Presiding Council of Meeting

For For

Vote Summary Report


Turkiye Halk Bankasi A.S. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Accept Statutory Reports 2

For For Accept Financial Statements 3

For For Approve Allocation of Income 4

For For Approve Discharge of Board 5

For For Elect Board of Directors and Internal Auditors 6

Against For Approve Remuneration of Directors and Internal Auditors

7


For For Ratify External Auditors 8

For For Grant Permission for Board Members to Engage in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose

10

Turkiye Vakiflar Bankasi TAO Meeting Date: 08/13/2018 Country: Turkey

Meeting Type: Annual Ticker: VAKBN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Open Meeting and Elect Presiding Council of Meeting

For For

For For Accept Statutory Reports 2

For For Accept Audit Report 3

For For Accept Financial Statements 4

For For Approve Discharge of Board 5

Against For Amend Company Articles 6

Voter Rationale: Not in shareholders interests to remove independence requirements from audit committee.

For For Approve Allocation of Income 7

For For Elect Directors 8

Against For Appoint Internal Statutory Auditors 9


Against For Approve Remuneration of Directors and Internal Auditors

10


Vote Summary Report


Turkiye Vakiflar Bankasi TAO Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Grant Permission for Board Members to Engage in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose

11

For For Ratify External Auditors 12

Clal Insurance Enterprises Holdings Ltd. Meeting Date: 08/14/2018 Country: Israel

Meeting Type: Special Ticker: CLIS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Employment Terms of Yoram Naveh, CEO

For For


A



B1



B2



B3


Gabelli Value Plus+ Trust Plc Meeting Date: 08/14/2018 Country: United Kingdom

Meeting Type: Annual Ticker: GVP

Vote Summary Report


Gabelli Value Plus+ Trust Plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Re-elect Rudolf Bohli as Director 4

For For Re-elect Jonathan Davie as Director 5

For For Re-elect Richard Fitzalan Howard as Director 6

For For Re-elect Katarzyna Robinski as Director 7


8

For For Authorise the Audit and Management Engagement Committee to Fix Remuneration of Auditors

9


10


11



13

Gabelli Value Plus+ Trust Plc Meeting Date: 08/14/2018 Country: United Kingdom

Meeting Type: Special Ticker: GVP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Waiver on Tender-Bid Requirement For For

Microchip Technology Incorporated Meeting Date: 08/14/2018 Country: USA

Meeting Type: Annual Ticker: MCHP

Vote Summary Report


Microchip Technology Incorporated

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Director Steve Sanghi For For

For For Elect Director Matthew W. Chapman 1.2

For For Elect Director L.B. Day 1.3

For For Elect Director Esther L. Johnson 1.4

For For Elect Director Wade F. Meyercord 1.5



3

NWS Holdings Limited Meeting Date: 08/14/2018 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve SP Agreement and Related Transactions

For For

For For Elect Ma Siu Cheung as Director 2

For For Elect Ho Gilbert Chi Hang as Director 3

For For Elect Chow Tak Wing as Director 4

For For Elect Wong Kwai Huen, Albert as Director 5

Genesis Emerging Markets Fund Limited Meeting Date: 08/15/2018 Country: Guernsey

Meeting Type: Special Ticker: GSS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorise Market Purchase of Preference Shares Pursuant to the Tender Offer

For For

Vote Summary Report


The J. M. Smucker Company Meeting Date: 08/15/2018 Country: USA

Meeting Type: Annual Ticker: SJM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Kathryn W. Dindo For For

For For Elect Director Paul J. Dolan 1b

For For Elect Director Jay L. Henderson 1c

For For Elect Director Elizabeth Valk Long 1d

For For Elect Director Gary A. Oatey 1e

For For Elect Director Kirk L. Perry 1f

For For Elect Director Sandra Pianalto 1g

For For Elect Director Nancy Lopez Russell 1h

For For Elect Director Alex Shumate 1i

For For Elect Director Mark T. Smucker 1j

For For Elect Director Richard K. Smucker 1k

For For Elect Director Timothy P. Smucker 1l

For For Elect Director Dawn C. Willoughby 1m



3

HCL Technologies Ltd. Meeting Date: 08/16/2018 Country: India

Meeting Type: Special Ticker: HCLTECH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Shakey's Pizza Asia Ventures Inc. Meeting Date: 08/16/2018 Country: Philippines

Meeting Type: Annual Ticker: PIZZA

Vote Summary Report


Shakey's Pizza Asia Ventures Inc.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Call to Order For For

For For Secretary's Proof of Due Notice of the Meeting and Determination of Quorum

2

For For Approve the Minutes of the Previous Meeting 3

For For Approve President's Report 4

For For Ratify Acts of the Board of Directors and Management During the Previous Year

5

For For Elect Ricardo Gabriel T. Po as Director 6.1

For For Elect Christopher T. Po as Director 6.2

For For Elect Teodoro Alexander T. Po as Director 6.3

For For Elect Leonardo Arthur T. Po as Director 6.4

For For Elect Vicente L. Gregorio as Director 6.5

For For Elect Enrique A. Gomez, Jr. as Director 6.6

For For Elect Fernan Victor P. Lukban as Director 6.7

For For Elect Paulo L. Campos III as Director 6.8

For For Elect Frances J. Yu as Director 6.9

For For Appoint External Auditor 7

For For Approve Amendments of the Articles of Incorporation and By-Laws

8

Against For Approve Other Matters 9

Voter Rationale: Lack of information on what is to be taken up under this resolution

For For Adjournment 10

Vodacom Group Ltd Meeting Date: 08/16/2018 Country: South Africa

Meeting Type: Special Ticker: VOD

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Specific Issue of Shares for Cash to YeboYethu Investment

For For

Vote Summary Report


Vodacom Group Ltd Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Issue of the New Vodacom Group Shares in terms of the Memorandum of Incorporation

2


For For Approve Financial Assistance for the Acquisition of Vodacom Group Shares by YeboYethu Investment Pursuant to the BEE Transaction

4

Fullshare Holdings Limited Meeting Date: 08/17/2018 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Adopt Share Option Scheme and Related Transactions

For Against

Voter Rationale: Conflicts of interest

For For Elect Du Wei as Director 2

MegaFon PJSC Meeting Date: 08/17/2018 Country: Russia

Meeting Type: Special Ticker: MFON

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Large-Scale Related-Party Transaction For Against

Voter Rationale: Lack of justification around related-party transaction.

Check Point Software Technologies Ltd. Meeting Date: 08/20/2018 Country: Israel

Meeting Type: Annual Ticker: CHKP

Vote Summary Report


Check Point Software Technologies Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Reelect Gil Shwed as Director For For

For For Reelect Marius Nacht as Director 1.2

For For Reelect Jerry Ungerman as Director 1.3

For For Reelect Dan Propper as Director 1.4

For For Reelect David Rubner as Director 1.5

For For Reelect Tal Shavit as Director 1.6

For For Reelect Yoav Chelouche as External Director 2.1

For For Reelect Guy Gecht as External Director 2.2

For For Reappoint Kost, Forer, Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration

3

For For Approve Employment Terms of Gil Shwed, CEO 4


A


DCT Industrial Trust, Inc. Meeting Date: 08/20/2018 Country: USA

Meeting Type: Special Ticker: DCT

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Against For Advisory Vote on Golden Parachutes 2

Voter Rationale: We are not supportive of Golden Parachutes


Vote Summary Report


ICL-Israel Chemicals Ltd. Meeting Date: 08/20/2018 Country: Israel

Meeting Type: Annual Ticker: ICL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Reelect Johanan Locker as Director For For

For For Reelect Avisar Paz as Director 1.2

For For Reelect Aviad Kaufman as Director 1.3

For For Reelect Sagi Kabla as Director 1.4

For For Reelect Eli Ovadia as Director 1.5

For For Reelect Reem Aminoach as Director 1.6

For For Reelect Lior Reitblatt as Director 1.7

For For Elect Nadav Kaplan as External Director 2

For For Reappoint Somekh Chaikin as Auditors 3

For For Ratify Equity Grant to Directors 5

For For Ratify Equity Grant to Johanan Locker, Executive Chairman

6

For For Approve 2017 Annual Bonus to Asher Grinbaum, Retiring CEO

7

For For Approve 2017 Special Bonus to Asher Grinbaum, Retiring CEO

8

Against For Approve 2018 Special Bonus to Asher Grinbaum, Retiring CEO

9

Voter Rationale: We are not supportive of retirement bonuses

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

A



B1



B2


Vote Summary Report


ICL-Israel Chemicals Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


B3


Ophir Energy Plc Meeting Date: 08/20/2018 Country: United Kingdom

Meeting Type: Special Ticker: OPHR

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition of the Producing Assets and the Exploration Assets from Santos Limited

For For

For For Approve the Commitment Compensation Payment Arrangements

2

S.A.C.I. Falabella SA Meeting Date: 08/20/2018 Country: Chile

Meeting Type: Special Ticker: FALABELLA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorize Increase in Share Capital via Issuance of 84.33 Million Shares; Amend Article 5 and Transitory Article; Approve Registration of New Shares with CMF and Santiago Stock Exchange; Approve Private Offering to Qualified Investors in US

For For

For For Authorize Board to Set Final Price of New Shares

2

For For Approve Sale of Shares 3

For For Grant Powers to Board to Carry out Necessary Activities to Materialize Capital Increase and Placing of Shares

5

Vote Summary Report


United Microelectronics Corp. Meeting Date: 08/20/2018 Country: Taiwan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Proposal for Company's Subsidiary to Issue an Initial Public Offering of CNY-denominated Ordinary Shares on Shanghai Stock Exchange

For For

For For Approve Release of Restrictions of Competitive Activities of Appointed Directors

2

ALPS ETF Trust Meeting Date: 08/21/2018 Country: USA

Meeting Type: Special Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Investment Advisory Agreement Between The Trust, on Behalf of Each Fund, and ALPS Advisors

For For

Against For Approve Multi-Manager Structure 3

Baytex Energy Corp. Meeting Date: 08/21/2018 Country: Canada

Meeting Type: Special Ticker: BTE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Issue Shares in Connection with Acquisition of Raging River Exploration Inc.

For For

Hanison Construction Holdings Ltd. Meeting Date: 08/21/2018 Country: Cayman Islands


Vote Summary Report


Hanison Construction Holdings Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Cha Mou Sing, Payson as Director 3

For For Elect Tai Sai Ho as Director 4

For For Elect as Lo Kai Cheong Director 5

For For Elect Lau Tze Yiu, Peter as Director 6


7

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

8


9A


For For Authorize Repurchase of Issued Share Capital 9B

Against For Authorize Reissuance of Repurchased Shares 9C


For For Amend Articles of Association 10

Korea Gas Corp. Meeting Date: 08/21/2018 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Kim Dae-Jung as Outside Director For For

Against For Elect Kim Chang-il as Outside Director 1.2

Voter Rationale: Other candidates warrant support

For For Elect Lee Dong-hun as Outside Director 1.3

Against For Elect Lee Chang-su as Outside Director 1.4

Voter Rationale: Other candidates warrant support

Vote Summary Report


Korea Gas Corp. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Elect Kim Dae-jung as a Member of Audit Committee

2.1

Voter Rationale: Other candidate warrant support

Against For Elect Kim Chang-il as a Member of Audit Committee

2.2


For For Elect Lee Dong-hun as a Member of Audit Committee

2.3

Against For Elect Lee Chang-su as a Member of Audit Committee

2.4


Mexichem SAB de CV Meeting Date: 08/21/2018 Country: Mexico

Meeting Type: Special Ticker: MEXCHEM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Extraordinary Cash Dividends of USD 150 Million

For For

For For Authorize Board to Ratify and Execute Approved Resolutions

2

Micro Focus International plc Meeting Date: 08/21/2018 Country: United Kingdom

Meeting Type: Special Ticker: MCRO

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Disposal of SUSE Business to Marcel BidCo GmbH

For For

Helen of Troy Ltd. Meeting Date: 08/22/2018 Country: Bermuda

Meeting Type: Annual Ticker: HELE

Vote Summary Report


Helen of Troy Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1a Elect Director Gary B. Abromovitz For For

For For Elect Director Krista L. Berry 1b

For For Elect Director Vincent D. Carson 1c

For For Elect Director Thurman K. Case 1d

For For Elect Director Timothy F. Meeker 1e

For For Elect Director Julien R. Mininberg 1f

For For Elect Director Beryl B. Raff 1g

For For Elect Director William F. Susetka 1h

For For Elect Director Darren G. Woody 1i


2

For For Approve Omnibus Stock Plan 3

For For Approve Qualified Employee Stock Purchase Plan

4

For For Approve Grant Thornton LLP as Auditors and Authorize Board to Fix Their Remuneration

5

Infosys Ltd. Meeting Date: 08/22/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Increase Authorized Share Capital For For

For For Amend Memorandum of Association to Reflect Changes in Capital

2

For For Approve Issuance of Bonus Shares 3

For For Elect Michael Gibbs as Director 4

Vote Summary Report




Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



2



James Latham plc Meeting Date: 08/22/2018 Country: United Kingdom

Meeting Type: Annual Ticker: LTHM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Re-elect Fabian French as Director 3

For For Elect Paula Kerrigan as Director 4

For For Re-elect David Dunmow as Director 5

For For Re-elect Andrew Wright as Director 6

For For Reappoint RSM UK Audit LLP as Auditors and Authorise Their Remuneration

7


8


9


John Menzies plc Meeting Date: 08/22/2018 Country: United Kingdom

Meeting Type: Special Ticker: MNZS

Vote Summary Report


John Menzies plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Disposal of Menzies Distribution Limited to Endless LLP

For For

For For Approve 2018 Remuneration Policy 2

For For Approve Value Creation Plan 3

Larsen & Toubro Infotech Ltd. (India) Meeting Date: 08/22/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect R. Shankar Raman as Director 3

For For Reelect S. N. Subrahmanyan as Director 4

For For Approve Revision in the Remuneration of Sanjay Jalona as Chief Executive Officer and Managing Director

5

For For Approve Revision in the Remuneration of Aftab Zaid Ullah as Whole-time Director

6

For For Approve Revision in the Remuneration of Sudhir Chaturvedi as Whole-time Director

7

For For Approve A.M. Naik to Continue Office as Non-Executive Director

8

Oracle Corp Japan Meeting Date: 08/22/2018 Country: Japan


Vote Summary Report


Oracle Corp Japan

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Amend Provisions on Director Titles

For For

For For Elect Director Frank Obermeier 2.1

For For Elect Director Nosaka, Shigeru 2.2

For For Elect Director S. Kurishna Kumar 2.3

For For Elect Director Edward Paterson 2.4

For For Elect Director Kimberly Woolley 2.5

For For Elect Director John L. Hall 2.6

For For Elect Director Natsuno, Takeshi 2.7

For For Elect Director Fujimori, Yoshiaki 2.8

For For Approve Stock Option Plan 3

Rightmove plc Meeting Date: 08/22/2018 Country: United Kingdom

Meeting Type: Special Ticker: RMV

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Share Sub-Division For For

Beijing Capital International Airport Co., Ltd. Meeting Date: 08/23/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve GTC Assets Transfer Agreement and Related Transactions

For For

Vote Summary Report


Fisher & Paykel Healthcare Corp. Ltd. Meeting Date: 08/23/2018 Country: New Zealand

Meeting Type: Annual Ticker: FPH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Scott St John as Director For For

For For Elect Michael Daniell as Director 2

For For Authorize Board to Fix Remuneration of the Auditors

3

For For Approve Issuance of Performance Share Rights to Lewis Gradon

4

For For Approve Issuance of Options to Lewis Gradon 5

Guangzhou Automobile Group Co. Ltd. Meeting Date: 08/23/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.01 Elect Zeng Qinghong as Director For For

For For Elect Feng Xingya as Director 1.02

For For Elect Yan Zhuangli as Director 1.03

For For Elect Chen Maoshan as Director 1.04

For For Elect Chen Jun as Director 1.05

For For Elect Ding Hongxiang as Director 1.06

For For Elect Han Ying as Director 1.07

For For Elect Fu Yuwu as Director 2.01

For For Elect Lan Hailin as Director 2.02

Against For Elect Leung Lincheong as Director 2.03

Voter Rationale: Chair of the audit committee and the company has failed to disclose a breakdown of fees paid to the auditor

For For Elect Wang Susheng as Director 2.04

For For Elect Ji Li as Supervisor 3.01

For For Elect Chen Tian as Supervisor 3.02

Vote Summary Report


Guangzhou Automobile Group Co. Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Liao Chongkang as Supervisor 3.03

For For Elect Wang Junyang as Supervisor 3.04

ING Life Insurance Co. Korea Ltd. Meeting Date: 08/23/2018 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Incorporation For For

For For Elect Kim Hyoung Tae as Outside Director 2

Jiangsu Expressway Co. Ltd. Meeting Date: 08/23/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Association Regarding Party Committee

For Abstain

Voter Rationale: Party Committee

Maruti Suzuki India Ltd. Meeting Date: 08/23/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Vote Summary Report


Maruti Suzuki India Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Reelect Toshiaki Hasuike as Director 3

For For Reelect Kinji Saito as Director 4

For For Approve Appointment and Remuneration of Kazunari Yamaguchi as Whole-time Director Designated as Director (Production)

5


For For Amend Articles of Association - Board Related 7

For For Approve R.C. Bhargava to Continue Office as Non-Executive Director

8

For For Approve O. Suzuki to Continue Office as Non-Executive Director

9

S.N.G.N. Romgaz S.A Meeting Date: 08/23/2018 Country: Romania

Meeting Type: Special Ticker: SNG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Consolidated Budget for Fiscal Year 2018

For For

For For Approve Adjusted Budget for Fiscal Year 2018 2

For For Authorize Filing of Required Documents/Other Formalities

3

Telkom SA SOC Ltd. Meeting Date: 08/23/2018 Country: South Africa

Meeting Type: Annual Ticker: TKG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Sello Moloko as Director For For

For For Elect Dolly Mokgatle as Director 1.2

For For Elect Sibusiso Luthuli as Director 1.3

For For Re-elect Navin Kapila as Director 2.1

Vote Summary Report


Telkom SA SOC Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Rex Tomlinson as Director 2.2

For For Re-elect Graham Dempster as Director 2.3

For For Re-elect Kholeka Mzondeki as Member of the Audit Committee

3.1

For For Re-elect Louis von Zeuner as Member of the Audit Committee

3.2

For For Elect Sibusiso Luthuli as Member of the Audit Committee

3.3

For For Elect Graham Dempster as Member of the Audit Committee

3.4

For For Re-elect Rex Tomlinson as Member of the Audit Committee

3.5

For For Appoint PricewaterhouseCoopers as Auditors of the Company with S Dikana as the Individual Designated Auditor

4.1

For For Appoint SizweNtsalubaGobodo as Auditors of the Company with S Lokhat as the Individual Designated Auditor

4.2

For For Place Authorised but Unissued Shares under Control of Directors

5

For For Approve Remuneration Policy 6.1

Against For Approve Implementation Report 6.2

Voter Rationale: Upward discretion has been applied by the Remuneration Committee to vesting under the Forfeitable Share Plan (FSP) where targets have not been met.

For For Authorise Repurchase of Issued Share Capital 1

For For Authorise Board to Issue Shares for Cash 2

For For Approve Remuneration of Non-executive Directors

3

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

4

The Fulham Shore plc Meeting Date: 08/23/2018 Country: United Kingdom

Meeting Type: Annual Ticker: FUL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


The Fulham Shore plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Re-elect Nabil Mankarious as Director 3

For For Reappoint RSM UK Audit LLP as Auditors and Authorise Their Remuneration

4

Against For Authorise Issue of Equity with Pre-emptive Rights

5


Against For Authorise Issue of Equity without Pre-emptive Rights

6


Cigna Corp. Meeting Date: 08/24/2018 Country: USA

Meeting Type: Special Ticker: CI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



Express Scripts Holding Co. Meeting Date: 08/24/2018 Country: USA

Meeting Type: Special Ticker: ESRX

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction





Vote Summary Report


Hermes Investment Funds Plc - Asia (ex-japan) Equity Fund Meeting Date: 08/24/2018 Country: Ireland

Meeting Type: Annual Ticker: T1PX29.F

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Ratify Deloitte as Auditors 2


For For Review the Company's Affairs 4

For For Amend Memorandum and Articles of Association Re: Ability to Convert to ICAV

1

For For Amend Memorandum and Articles of Association Re: Impact of Appointment of Management Company in the Context of Brexit

2

Metro Performance Glass Ltd. Meeting Date: 08/24/2018 Country: New Zealand

Meeting Type: Annual Ticker: MPG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Authorize Board to Fix Remuneration of the Auditors

For For

Voter Rationale: Appropriate

For For Elect Gordon Buswell as Director 2


For For Elect Russell Chenu as Director 3


For For Elect Rhys Jones as Director 4


Vote Summary Report


Naspers Ltd. Meeting Date: 08/24/2018 Country: South Africa

Meeting Type: Annual Ticker: NPN

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2018

For For

For For Approve Dividends for N Ordinary and A Ordinary Shares

2

For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company with Brendan Deegan as the Individual Registered Auditor

3

For For Re-elect Mark Sorour as Director 4

For For Re-elect Craig Enenstein as Director 5.1

For For Re-elect Don Eriksson as Director 5.2

For For Re-elect Hendrik du Toit as Director 5.3

For For Re-elect Guijin Liu as Director 5.4

For For Re-elect Roberto Oliveira de Lima as Director 5.5

For For Re-elect Don Eriksson as Member of the Audit Committee

6.1

For For Re-elect Ben van der Ross as Member of the Audit Committee

6.2

For For Re-elect Rachel Jafta as Member of the Audit Committee

6.3


For For Approve Implementation of the Remuneration Policy

8

Against For Place Authorised but Unissued Shares under Control of Directors

9


Against For Authorise Board to Issue Shares for Cash 10

Voter Rationale: Could include the issuance of A shares which would continue the company's dual class share structure


For For Approve Fees of the Board Chairman 1.1

For For Approve Fees of the Board Member 1.2

For For Approve Fees of the Audit Committee Chairman 1.3

For For Approve Fees of the Audit Committee Member 1.4

Vote Summary Report


Naspers Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Fees of the Risk Committee Chairman 1.5

For For Approve Fees of the Risk Committee Member 1.6

For For Approve Fees of the Human Resources and Remuneration Committee Chairman

1.7

For For Approve Fees of the Human Resources and Remuneration Committee Member

1.8

For For Approve Fees of the Nomination Committee Chairman

1.9

For For Approve Fees of the Nomination Committee Member

1.10

For For Approve Fees of the Social and Ethics Committee Chairman

1.11

For For Approve Fees of the Social and Ethics Committee Member

1.12

For For Approve Fees of the Trustees of Group Share Schemes/Other Personnel Funds

1.13


2


3

For For Authorise Repurchase of N Ordinary Shares 4

Against For Authorise Repurchase of A Ordinary Shares 5

Voter Rationale: Lack of information on conditions of purchase

Oil Co. LUKOIL PJSC Meeting Date: 08/24/2018 Country: Russia

Meeting Type: Special Ticker: LKOH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Reduction in Share Capital through Share Repurchase Program and Subsequent Share Cancellation

For For

Oil Co. LUKOIL PJSC Meeting Date: 08/24/2018 Country: Russia

Meeting Type: Special Ticker: LKOH

Vote Summary Report


Oil Co. LUKOIL PJSC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Reduction in Share Capital through Share Repurchase Program and Subsequent Share Cancellation

For For

Vedanta Ltd. Meeting Date: 08/24/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm First Interim Dividend and Confirm Preference Dividend

2

For For Reelect GR Arun Kumar as Director 3

For For Approve Reppointment and Remuneration of Navin Agarwal as Whole-Time Director

4

For For Reelect Lalita D. Gupte as Director 5

For For Reelect Ravi Kant as Director 6

For For Elect U. K. Sinha as Director 7

For For Approve Reppointment and Remuneration of Tarun Jain as Whole-Time Director

8



10

Bosideng International Holdings Ltd. Meeting Date: 08/27/2018 Country: Cayman Islands


Vote Summary Report


Bosideng International Holdings Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Approve Special Dividend 3

For For Elect Mei Dong as Director 4.1

For For Elect Huang Qiaolian as Director 4.2

For For Elect Wang Yao as Director 4.3


4.4

For For Approve KPMG as Auditors and Authorize Board to Fix Their Remuneration

5


6





NIBC Holding NV Meeting Date: 08/27/2018 Country: Netherlands

Meeting Type: Special Ticker: NIBC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3a Elect Susi M. Zijderveld to Supervisory Board For For

For For Elect Angelien G.Z. Kemna to Supervisory Board 3b

For For Approve Terms of Appointment 4

Vectren Corp. Meeting Date: 08/28/2018 Country: USA

Meeting Type: Special Ticker: VVC

Vote Summary Report


Vectren Corp.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction





BBGI SICAV SA Meeting Date: 08/29/2018 Country: Luxembourg

Meeting Type: Special Ticker: BBGI

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Article 6.6 of the Articles of Association For For

For For Authorize Filing of Required Documents/Other Formalities

2

LG Corp. Meeting Date: 08/29/2018 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Kwon Young-su as Inside Director For For

LG Uplus Corp. Meeting Date: 08/29/2018 Country: South Korea


Vote Summary Report


LG Uplus Corp.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Ha Hyeon-hoe as Inside Director For For

For For Elect Kwon Young-su as Non-independent Non-executive Director

1.2

Lingkaran Trans Kota Holdings Bhd. Meeting Date: 08/29/2018 Country: Malaysia


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Lee Choi Chew as Director For For

For For Elect Ambrin bin Buang as Director 2

For For Elect Nazli binti Mohd Khir Johari as Director 3

For For Approve Remuneration of Directors 4

For For Approve Directors' Benefits (Excluding Directors' Fees)

5

Against For Approve Ex-Gratia Payment to Chew Swee Hock 6

Voter Rationale: We do not support retirement bonuses

For For Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration

7

Against For Approve Grant of Options to Lee Choi Chew under the Exployees' Share Option Scheme

8

Voter Rationale: The Scheme permits stock options to be issued with an exercise price at a discount to the current marketprice and performance conditions have not been disclosed

Against For Approve Grant of Options to Ambrin bin Buang under the Exployees' Share Option Scheme

9


Against For Approve Grant of Options to Nazli binti Mohd Khir Johari under the Exployees' Share Option Scheme

10


Vote Summary Report


Metcash Ltd. Meeting Date: 08/29/2018 Country: Australia

Meeting Type: Annual Ticker: MTS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2a Elect Anne Brennan as Director For For

For For Elect Murray Jordan as Director 2b


For For Approve Grant of Performance Rights to Jeffery Adams

4

Migdal Insurance & Financial Holdings Ltd. Meeting Date: 08/29/2018 Country: Israel

Meeting Type: Special Ticker: MGDL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Dividend Distribution For For

For For Reappoint Somekh Chaikin as Auditors and Authorize Board to Fix Their Remuneration

2


A



B1



B2


Vote Summary Report


Migdal Insurance & Financial Holdings Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


B3


Mr. Price Group Ltd. Meeting Date: 08/29/2018 Country: South Africa

Meeting Type: Annual Ticker: MRP

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2018

For For

For For Re-elect Daisy Naidoo as Director 2.1

For For Re-elect Maud Motanyane-Welch as Director 2.2

For For Elect Brenda Niehaus as Director 3

For For Reappoint Ernst & Young Inc as Auditors of the Company with Vinodhan Pillay as the Designated Registered Auditor

4

For For Re-elect Bobby Johnston as Member of the Audit and Compliance Committee

5.1

For For Re-elect Daisy Naidoo as Member of the Audit and Compliance Committee

5.2

For For Elect Mark Bowman as Member of the Audit and Compliance Committee

5.3


For For Approve Remuneration Implementation Report 7

For For Adopt the Social, Ethics, Transformation and Sustainability Committee Report

8


For For Place Authorised but Unissued Shares under Control of Directors

10

For For Amend Share Option Schemes' Exercise Periods 11

Vote Summary Report


Mr. Price Group Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Amend Share Option Schemes' Performance Conditions

12

For For Approve Fees of the Independent Non-executive Chairman

1.1

For For Approve Fees of the Honorary Chairman 1.2

For For Approve Fees of the Lead Independent Director 1.3

For For Approve Fees of the Non-Executive Directors 1.4

For For Approve Fees of the Audit and Compliance Committee Chairman

1.5

For For Approve Fees of the Audit and Compliance Committee Members

1.6

For For Approve Fees of the Remuneration and Nominations Committee Chairman

1.7

For For Approve Fees of the Remuneration and Nominations Committee Members

1.8

For For Approve Fees of the Social, Ethics, Transformation and Sustainability Committee Chairman

1.9

For For Approve Fees of the Social, Ethics, Transformation and Sustainability Committee Members

1.10

For For Approve Fees of the Risk and IT Committee Members

1.11

For For Approve Fees of the Risk and IT Committee - IT Specialist

1.12

For For Authorise Repurchase of Issued Share Capital 2

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

3

Nippon Prologis REIT, Inc. Meeting Date: 08/29/2018 Country: Japan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Executive Director Sakashita, Masahiro For For

For For Elect Alternate Executive Director Toda, Atsushi 2

Vote Summary Report


Nippon Prologis REIT, Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Elect Supervisory Director Shimamura, Katsumi 3.1

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

For For Elect Supervisory Director Hamaoka, Yoichiro 3.2

For For Elect Supervisory Director Tazaki, Mami 4

For For Elect Alternate Supervisory Director Oku, Kuninori

5

TravelSky Technology Ltd. Meeting Date: 08/29/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Tang Bing as Director, Authorize Board to Fix His Remuneration, and Approve Termination of the Office of Li Yangmin as Director

For For

For For Elect Han Wensheng as Director, Authorize Board to Fix His Remuneration, and Approve Termination of the Office of Yuan Xin'an as Director

2

Arvind Ltd. Meeting Date: 08/30/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Sanjay Lalbhai as Director 3


Vote Summary Report


Arvind Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Offer or Invitation to Subscribe to Non-Convertible Debentures on Private Placement Basis

5

Against For Amend Arvind Limited - Employee Stock Option Scheme 2008

6

Voter Rationale: The board have the ability to set the exercise price of the options at a discount to market price

Beijing Capital Land Ltd. Meeting Date: 08/30/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Proposed Arrangements in Respect of the Non-Public Issue of Debt Financing Plan on Beijing Financial Assets Exchange Co. Ltd.

For For

For For Authorize Board to Handle All Matters Relating to the Debt Financing Plan

2

Elekta AB Meeting Date: 08/30/2018 Country: Sweden

Meeting Type: Annual Ticker: EKTA.B

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Elect Chairman of Meeting For For

For For Prepare and Approve List of Shareholders 3

For For Approve Agenda of Meeting 4

For For Designate Inspector(s) of Minutes of Meeting 5

For For Acknowledge Proper Convening of Meeting 6


9

For For Approve Allocation of Income and Dividends of SEK 1.40 Per Share

10

Vote Summary Report


Elekta AB Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Discharge of Board and President 11

For For Determine Number of Members (9) and Deputy Members (0) of Board

13

For For Approve Remuneration of Directors in the Aggregate Amount of SEK 5.2 Million

14

For For Reelect Annika Espander Jansson, Laurent Leksell, Caroline Leksell Cooke, Johan Malmqvist, Tomas Puusepp, Wolfgang Reim, Jan Secher and Birgitta Stymne Goransson as Directors; Elect Cecilia Wikstrom as New Director

15

For For Ratify PricewaterhouseCoopers AB as Auditors 16

For For Approve Remuneration Policy And Other Terms of Employment For Executive Management

17

Against For Approve Performance Share Plan 2018 18.1

Voter Rationale: Performance period is less than 3 years so the company effectively are running to short-term incentive plans.

Against For Approve Equity Plan Financing of the 2018 PSP 18.2

Voter Rationale: Performance period is less than 3 years so the company effectively are running to short-term incentive plans.

For For Approve Equity Plan Financing of 2016 and 2017 Performance Share Plans

19

For For Authorize Share Repurchase Program 20.1

For For Authorize Reissuance of Repurchased Shares 20.2

For For Authorize Chairman of Board and Representatives of Four of Company's Largest Shareholders to Serve on Nominating Committee

21

Sophos Group plc Meeting Date: 08/30/2018 Country: United Kingdom

Meeting Type: Annual Ticker: SOPH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



Vote Summary Report


Sophos Group plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Sandra Bergeron as Director 4

For For Re-elect Nick Bray as Director 5

For For Re-elect Peter Gyenes as Director 6

For For Re-elect Kris Hagerman as Director 7

For For Re-elect Roy Mackenzie as Director 8

For For Re-elect Rick Medlock as Director 9

For For Re-elect Steve Munford as Director 10

For For Re-elect Vin Murria as Director 11

For For Re-elect Paul Walker as Director 12

For For Reappoint KPMG LLP as Auditors 13

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

14


15


16


17


18



20

Tai Cheung Holdings Ltd. Meeting Date: 08/30/2018 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Against For Elect Karl Chi Leung Kwok as Director 3a


Vote Summary Report


Tai Cheung Holdings Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Man Sing Kwong as Director 3b


3c


4



6




Winton UCITS Funds ICAV - Diversified Fund Meeting Date: 08/30/2018 Country: Ireland

Meeting Type: Annual Ticker: N/A

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory Reports of Winton Global Equity Fund

For For

For For Accept Financial Statements and Statutory Reports of Winton US Equity Fund

2

For For Accept Financial Statements and Statutory Reports of Winton European Equity Fund

3

For For Accept Financial Statements and Statutory Reports of Winton Absolute Return Futures Fund

4

For For Accept Financial Statements and Statutory Reports of Winton Diversified Fund (UCITS)

5

For For Ratify KPMG as Auditors 6


Against For Transact Other Business 8


Vote Summary Report


X5 Retail Group NV Meeting Date: 08/30/2018 Country: Netherlands

Meeting Type: Special Ticker: FIVE

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

2 Elect Karl-Heinz Holland to Supervisory Board For For

For For Elect Nadia Shouraboura to Supervisory Board 3

Balrampur Chini Mills Ltd. Meeting Date: 08/31/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm Interim Dividend as Final Dividend 2

Against For Reelect Naresh Dayal as Director 3

Voter Rationale: Poor attendance

For For Approve Lodha & Co., Chartered Accountants as Auditors and Authorize Board to Fix Their Remunerationand Authorize Board to Fix Their Remuneration

4


Dalradian Resources, Inc. Meeting Date: 08/31/2018 Country: Canada

Meeting Type: Special Ticker: DNA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Acquisition by OMF Fund II (Au) Ltd For For

Vote Summary Report


Greenland Hong Kong Holdings Ltd. Meeting Date: 08/31/2018 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve the Haikou Contractor Agreement and Related Transactions

For For

For For Approve the Haikou (Surveying, Design & Construction) Contractor Agreement and Related Transactions

2

For For Approve the Dianchi Contractor Agreement and Related Transactions

3

For For Approve Xuzhou Contractor Agreement and Related Transactions

4

For For Approve the Zhaoqing Contractor Agreement and Related Transactions

5

Hindustan Zinc Ltd. Meeting Date: 08/31/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm First and Second Interim Dividend 2

Against For Reelect Agnivesh Agarwal as Director 3

Voter Rationale: Poor meeting attendance as well as a lack of independence on the board.

For For Approve S.R. Batliboi & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

4


For For Reelect A.R. Narayanaswamy as Director 6

For For Reelect Arun L. Todarwal as Director 7

Vote Summary Report


Multi Commodity Exchange of India Ltd. Meeting Date: 08/31/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Madhu Vadera Jayakumar as Director 3

For For Reelect Hemang Raja as Director 4

For For Approve Shah Gupta & Co., Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

Safaricom PLC Meeting Date: 08/31/2018 Country: Kenya

Meeting Type: Annual Ticker: SCOM

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve Final Dividend of KES 1.10 Per Share 2

For For Reelect Bitange Ndemo as Director 3

For For Reelect Bitange Ndemo as Member of Audit Committee

4.1

For For Reelect Esther Koimett as Member of Audit Committee

4.2

For For Reelect Mohamed Joosub as Member of Audit Committee

4.3

For For Reelect Till Streichert as Member of Audit Committee

4.4

For For Approve Remuneration Report 5.1

For For Approve Remuneration Policy 5.2

For For Ratify Pricewaterhousecoopers as Auditors and Fix Their Remuneration

6

Vote Summary Report


Safaricom PLC Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Other Business 7


Sif Holding NV Meeting Date: 08/31/2018 Country: Netherlands

Meeting Type: Special Ticker: SIFG

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

3 Elect Fred van Beers to Management Board For For

Stagecoach Group plc Meeting Date: 08/31/2018 Country: United Kingdom

Meeting Type: Annual Ticker: SGC

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Against For Approve Remuneration Report 2

Voter Rationale: 3 year LTIP with no holding period. Lack of stretch in targets.


For For Re-elect Gregor Alexander as Director 4

For For Re-elect James Bilefield as Director 5

For For Re-elect Sir Ewan Brown as Director 6

For For Re-elect Ann Gloag as Director 7

For For Re-elect Martin Griffiths as Director 8

For For Re-elect Ross Paterson as Director 9

For For Re-elect Sir Brian Souter as Director 10

For For Re-elect Karen Thomson as Director 11

Vote Summary Report


Stagecoach Group plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Re-elect Ray O'Toole as Director 12

Voter Rationale: Continued remuneration issues.

For For Re-elect Will Whitehorn as Director 13

For For Reappoint Ernst & Young LLP as Auditors 14

For For Authorise the Audit Committee to Fix Remuneration of Auditors

15


16


17


18


19



21

Torrent Power Limited Meeting Date: 08/01/2018 Country: India

Meeting Type: Annual Ticker: TORNTPOWER

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Samir Mehta as Director 3

Voter Rationale: A vote AGAINST the following nominees is warranted because:* Keki Minoo Mistry (Item 14) and Dharmishta N. Raval (Item 12) have attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation.A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

Against For Approve Modification to the Resolution Related to Appointment of Statutory Auditors

4

Voter Rationale: A vote AGAINST this proposal is warranted given that the proposed modification would limit shareholders ability to review the performance and independence of the auditors on annual basis.

Vote Summary Report


Torrent Power Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Appointment and Remuneration of Samir Mehta as Chairman

5

Voter Rationale: A vote FOR these resolutions is warranted despite failure to specify the commission rate for Samir Mehta and Jinal Mehta as they is the company's chairman and managing director, respectively, and removing him from the management may have a material negative impact on shareholder value.

For For Approve Appointment and Remuneration of Jinal Mehta as Managing Director

6

Voter Rationale: A vote FOR these resolutions is warranted despite failure to specify the commission rate for Samir Mehta and Jinal Mehta as they is the company's chairman and managing director, respectively, and removing him from the management may have a material negative impact on shareholder value.


For For Approve Revision in the Remuneration of Varun Mehta

8

For For Approve Increase in Borrowing Powers 9

Voter Rationale: A vote FOR these resolutions is warranted given that the proposed debt limit is within a reasonable range.

For For Approve Pledging of Assets for Debt 10

Voter Rationale: A vote FOR these resolutions is warranted given that the proposed debt limit is within a reasonable range.

For For Reelect Bhavna Doshi as Director 11


Against For Reelect Dharmishta N. Raval as Director 12


For For Reelect Samir Barua as Director 13


Against For Reelect Keki Mistry as Director 14


For For Reelect Pankaj Patel as Director 15


Vote Summary Report


Marico Limited Meeting Date: 08/02/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Reelect Rajen Mariwala as Director 2

For For Approve B S R & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

3


Titan Company Limited Meeting Date: 08/03/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Against For Reelect N.N. Tata as Director 3

Voter Rationale: A vote AGAINST Noel Tata is warranted because he has attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation. A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees.

For For Elect B Santhanam as Director 4


For For Elect K. Gnanadesikan as Director 5


For For Elect Ramesh Chand Meena as Director 6


For For Approve Branch Auditors and Authorize Board to Fix Their Remuneration

7

Vote Summary Report


Tata Consultancy Services Ltd. Meeting Date: 08/04/2018 Country: India

Meeting Type: Special Ticker: TCS

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Britannia Industries Ltd. Meeting Date: 08/06/2018 Country: India

Meeting Type: Annual Ticker: BRITANNIA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Jehangir N. Wadia as Director 3

Voter Rationale: A vote AGAINST Keki Elavia (item 4) is warranted because he serves on a total of more than six public company boardsA vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

Against For Elect Keki Elavia as Director 4


For For Approve Reappointment and Remuneration of Varun Berry as Managing Director

5

For For Reelect Nusli Neville Wadia as Director 6


For For Reelect A. K. Hirjee as Director 7


For For Amend Britannia Industries Limited Employee Stock Option Scheme

8

Vote Summary Report


Luxshare Precision Industry Co., Ltd. Meeting Date: 08/06/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Change in Use of Proceeds from the Raised Funds Investment Project

For For

Voter Rationale: A vote FOR this item is merited because no concerns have been identified.

For For Approve Decrease in Registered Capital of Wholly-owned Subsidiary

2

Voter Rationale: A vote FOR this item is merited because no concerns have been identified.

PI Industries Ltd Meeting Date: 08/06/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm Interim Dividend and Declare Final Dividened

2

For For Reelect Arvind Singhal as Director 3


Mphasis Ltd Meeting Date: 08/07/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Vote Summary Report


Mphasis Ltd Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Reelect Amit Dalmia as Director 3

Voter Rationale: A vote AGAINST Narayanan Kumar is warranted because he serves on a total of more than six public company boards.A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees.

For For Reelect David Lawrence Johnson as Director 4


For For Approve BSR & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

Against For Reelect Narayanan Kumar as Director 6


Sobha Limited Meeting Date: 08/07/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Ravi PNC Menon as Director 3



5

Blue Star Limited Meeting Date: 08/08/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


Blue Star Limited Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Reelect Suneel M Advani as Director 3

Voter Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

For For Approve Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

4


For For Elect Anil Harish as Director 6


Hengtong Optic-electric Co.,Ltd. Meeting Date: 08/08/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Company's Eligibility for Issuance of Innovation and Start-up Company Bonds

For For

Voter Rationale: A vote FOR this item is merited because it serves to facilitate the company's business development and day-to-day operations.

For For Approve Issuance of Innovation and Start-up Company Bonds

2


For For Approve Issue Size 2.1


For For Approve Par Value and Issue Price 2.2


For For Approve Bond Type and Bond Maturity 2.3


For For Approve Bond Interest Rate, Method of Determination and Capital and Interest Payment Manner

2.4


Vote Summary Report


Hengtong Optic-electric Co.,Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Issue Manner, Target Subscribers and Placing Arrangement for Shareholders

2.5


For For Approve Guarantee Manner 2.6


For For Approve Arrangement on Redemption and Sale-back

2.7


For For Approve Use of Proceeds 2.8


For For Approve Underwriting Manner 2.9


For For Approve Listing for Trading or Listing Arrangements

2.10


For For Approve Creditworthiness and Safeguard Measures of Debts Repayment

2.11


For For Approve Resolution Validity Period 2.12


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

3


For For Approve Increase in Registered Capital and Amend Articles of Association

4

YOUZU Interactive CO., LTD. Meeting Date: 08/08/2018 Country: China


Vote Summary Report


YOUZU Interactive CO., LTD.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Amendment to Authorization of Board to Handle Matters Related to the Share Repurchase

For For

For For Approve Draft and Summary of Phase 1 Employee Share Purchase Plan

2

For For Approve Management Method of Employee Share Purchase Plan

3

For For Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan

4

For For Approve Allowance of Independent Directors 5

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Amendment to Authorization of Board to Handle Matters Related to the Share Repurchase

1

For For Approve Draft and Summary of Phase 1 Employee Share Purchase Plan

2

Voter Rationale: A vote FOR is warranted given that the zero-dilution employee stock purchase plan serves to align the interests of employees with that of the company.

For For Approve Management Method of Employee Share Purchase Plan

3


For For Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan

4


For For Approve Allowance of Independent Directors 5

AIA Engineering Limited Meeting Date: 08/09/2018 Country: India

Meeting Type: Annual Ticker: AIAENG

Vote Summary Report


AIA Engineering Limited

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Voter Rationale: For

For For Confirm Interim Dividend 2


For For Reelect Bhumika Shyamal Shodhan as Director 3


For For Approve Material Related Party Transactions with Welcast Steels Limited

4




Cummins India Ltd. Meeting Date: 08/09/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Voter Rationale: A vote FOR these resolutions is warranted given the absence of any known issues surrounding the company's financial statements.


2

Voter Rationale: A vote FOR these resolutions is warranted given the absence of any known issues surrounding the company's financial statements.

For For Approve Final Dividend and Confirm Interim Dividend

3

Against For Reelect Antonio Leitao as Director 4

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Casimiro Antonio Vieira Leitao (Item 4) has attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation.A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

Vote Summary Report


Cummins India Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Sandeep Sinha as Director 5


For For Elect Mark Levett as Director 6


For For Approve Appointment and Remuneration of Sandeep Sinha as Managing Director

7


For For Approve Material Related Party Transactions with Cummins Limited, UK

9

Voter Rationale: A vote FOR these resolutions is warranted given that the proposed transactions are within the ordinary course of the company's business, and are entered into with the company's subsidiaries or associates.

For For Approve Material Related Party Transactions with Tata Cummins Private Limited

10

Voter Rationale: A vote FOR these resolutions is warranted given that the proposed transactions are within the ordinary course of the company's business, and are entered into with the company's subsidiaries or associates.

Gujarat Pipavav Port Ltd. Meeting Date: 08/09/2018 Country: India

Meeting Type: Annual Ticker: GPPL

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For Against

Voter Rationale: A vote AGAINST this resolution is warranted given the auditors' qualified opinion that raises concern over the accuracy and integrity of the company's financial statements.

For For Approve Final Dividend and Interim Dividend 2

For For Reelect David Skov as Director 3

For For Approve Reappointment and Remuneration of Keld Pedersen as Managing Director

4

Vote Summary Report


Pacific Textiles Holdings Ltd. Meeting Date: 08/09/2018 Country: Cayman Islands


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Choi Kin Chung as Director 3a

For For Elect Sze Kwok Wing, Nigel as Director 3b

Against For Elect Chan Yue Kwong, Michael as Director 3c

For For Elect Toshiya Ishii as Director 3d


3e


4


5



Page Industries Ltd. Meeting Date: 08/09/2018 Country: India

Meeting Type: Annual Ticker: PAGEIND

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Reelect Sunder Genomal as Director 2


For For Reelect Timothy Ralph Wheeler as Director 3


Vote Summary Report


Page Industries Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Varun Berry as Director 4


For For Approve Remuneration of Directors 5

Shenzhen Selen Science & Technology Co., Ltd. Meeting Date: 08/09/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Application of Bank Credit Line by Subsidiary and Guarantee Provision by Company

For For

Eicher Motors Limited Meeting Date: 08/10/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For



For For Approve Reclassification of the Status of Promoters Shareholding into Public Shareholding

4

James Hardie Industries plc Meeting Date: 08/10/2018 Country: Ireland

Meeting Type: Annual Ticker: JHX

Vote Summary Report


James Hardie Industries plc

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Approve the Remuneration Report 2

For For Elect Persio Lisboa as Director 3a

Voter Rationale: A vote FOR the re-election of Andrea Joosen, Mike Hammes and Alison Littley and the election of Periso Lisboa is warranted as no significant governance concerns have been identified regarding their nomination.

For For Elect Andrea Gisle Joosen as Director 3b


For For Elect Michael Hammes as Director 3c


For For Elect Alison Littley as Director 3d


For For Authorize Board to Fix Remuneration of Auditors 4

For For Approve the James Hardie Industries Long Term Incentive Plan 2006

5

For For Approve the Grant of Return on Capital Employed Restricted Stock Units to Louis Gries

6

Voter Rationale: A vote FOR this resolution is warranted because the Company's remuneration structure has a high weighting of the CEO's total package based on achieving long term performance, there is scope for the board to exercise negative discretion which it is observed to have done so, and the LTI is designed to align sufficiently with shareholders longer-term outcomes.However, this recommendation is qualified because:* The quantum of the LTI award to the CEO is very high (approximately 6 times) compared to the median LTI awarded to Australian peers,* The vesting schedule in the TSR hurdle allows vesting below median performance at the 40th percentile,* The adjustment to the calculation of ROCE to determine the level of vesting may be inconsistent with the return outcomes that shareholders may receive, especially in regard to adjustments for asbestos liabilities, impairments and changes in housing starts, and* The board may grant a cash settled award as compensation if the number of RSUs to be granted based on the share/fair value formula is greater than the maximum number of RSUs approved by shareholders.

For For Approve the Grant of Relative Total Shareholder Return Restricted Stock Units to Louis Gries

7

Voter Rationale: A vote FOR this resolution is warranted because the Company's remuneration structure has a high weighting of the CEO's total package based on achieving long term performance, there is scope for the board to exercise negative discretion which it is observed to have done so, and the LTI is designed to align sufficiently with shareholders longer-term outcomes.However, this recommendation is qualified because:* The quantum of the LTI award to the CEO is very high (approximately 6 times) compared to the median LTI awarded to Australian peers,* The vesting schedule in the TSR hurdle allows vesting below median performance at the 40th percentile,* The adjustment to the calculation of ROCE to determine the level of vesting may be inconsistent with the return outcomes that shareholders may receive, especially in regard to adjustments for asbestos liabilities, impairments and changes in housing starts, and* The board may grant a cash settled award as compensation if the number of RSUs to be granted based on the share/fair value formula is greater than the maximum number of RSUs approved by shareholders.

Vote Summary Report


James Hardie Industries plc Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve the Amendments to the Company's Constitution

8

Sinotrans Shipping Ltd Meeting Date: 08/10/2018 Country: Hong Kong


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve 2018 Master Services Agreement and Related Transactions

For For

Voter Rationale: A vote FOR Items 1 to 6 is warranted given:* the transactions to be contemplated under these proposals are within the ordinary and usual course of the company's business and are on normal commercial terms; and* the independent non-executive directors and independent financial advisor believe that the transactions are fair and reasonable for the company's shareholders.A vote AGAINST Items 7 is warranted because 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 2018 Sinochart Master Services Agreement and Related Transactions

2


For For Approve 2018 SNL Master Services Agreement and Related Transactions

3


For For Approve 2018 Master Chartering Agreement and Related Transactions

4


For For Approve 2018 Sinochart Master Chartering Agreement and Related Transactions

5


Vote Summary Report


Sinotrans Shipping Ltd Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve 2018 SNL Master Chartering Agreement and Related Transactions

6


Against For Approve 2018 Master Financial Services Agreement and Related Transactions

7


TAKE Solutions Ltd. Meeting Date: 08/10/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Declare Final Dividend and Approve Interim Dividend

2

For For Reelect D. V. Ravi as Director 3

For For Approve Change in Designation of Ram Yeleswarapu as an Executive Director

4


5

Voter Rationale: A vote AGAINST this resolution is warranted given that the potential dilution of this request of 23.73 percent is considered excessive.

Cadila Healthcare Limited Meeting Date: 08/13/2018 Country: India

Meeting Type: Annual Ticker: CADILAHC

Vote Summary Report


Cadila Healthcare Limited

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Pankaj R. Patel as Director 3



5

Voter Rationale: A vote AGAINST this resolution is warranted given that the potential dilution of this request of 33.09 percent is considered excessive.


6

Focus Media Information Technology Co., Ltd. Meeting Date: 08/13/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Related-party Transaction in Connection to Signing of Business Cooperation Framework Agreement with a Related Party

For For

For For Approve Company's Related-party Transaction 2

Motherson Sumi Systems Ltd. Meeting Date: 08/13/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


Vote Summary Report


Motherson Sumi Systems Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Reelect Laksh Vaaman Sehgal as Director 3


For For Elect Shunichiro Nishimura as Director 4


Against For Adopt New Articles of Association 5

Voter Rationale: A vote AGAINST this resolution is warranted due to lack of detailed information on the proposed changes.


Jinyu Bio-technology Co., Ltd. Meeting Date: 08/15/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Repurchase of the Company's Shares by Auction Trading

For For

Voter Rationale: ALL_DONOTVOTE

For For Approve Type of the Share Repurchase 1.1


For For Approve Manner of Share Repurchase 1.2


For For Approve the Usage of the Shares to Be Repurchased

1.3


For For Approve Capital and Capital Source Used for the Share Repurchase

1.4


For For Approve Price Range and Pricing Principle of the Share Repurchase

1.5


For For Approve Number and Proportion of the Share Repurchase

1.6


Vote Summary Report


Jinyu Bio-technology Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Period of the Share Repurchase 1.7





2


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Repurchase of the Company's Shares by Auction Trading

1

Voter Rationale: A vote FOR is warranted because no concerns have been identified.

For For Approve Type of the Share Repurchase 1.1


For For Approve Manner of Share Repurchase 1.2


For For Approve the Usage of the Shares to Be Repurchased

1.3


For For Approve Capital and Capital Source Used for the Share Repurchase

1.4


For For Approve Price Range and Pricing Principle of the Share Repurchase

1.5


For For Approve Number and Proportion of the Share Repurchase

1.6


For For Approve Period of the Share Repurchase 1.7





2


Vote Summary Report


HCL Technologies Ltd. Meeting Date: 08/16/2018 Country: India

Meeting Type: Special Ticker: HCLTECH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Shakey's Pizza Asia Ventures Inc. Meeting Date: 08/16/2018 Country: Philippines

Meeting Type: Annual Ticker: PIZZA

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Call to Order For For

Voter Rationale: A vote FOR these resolutions is warranted.

For For Secretary's Proof of Due Notice of the Meeting and Determination of Quorum

2


For For Approve the Minutes of the Previous Meeting 3


For For Approve President's Report 4

For For Ratify Acts of the Board of Directors and Management During the Previous Year

5

For For Elect Ricardo Gabriel T. Po as Director 6.1

Voter Rationale: A vote FOR all nominees is warranted in the absence of any corporate governance concerns in relation to the nominees and board composition.

For For Elect Christopher T. Po as Director 6.2


For For Elect Teodoro Alexander T. Po as Director 6.3


For For Elect Leonardo Arthur T. Po as Director 6.4


Vote Summary Report


Shakey's Pizza Asia Ventures Inc. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Vicente L. Gregorio as Director 6.5


For For Elect Enrique A. Gomez, Jr. as Director 6.6


For For Elect Fernan Victor P. Lukban as Director 6.7


For For Elect Paulo L. Campos III as Director 6.8


For For Elect Frances J. Yu as Director 6.9


For For Appoint External Auditor 7

For For Approve Amendments of the Articles of Incorporation and By-Laws

8

Against For Approve Other Matters 9

Voter Rationale: A vote AGAINST this resolution is warranted because the company did not disclose the items that will be taken up under this resolution.

For For Adjournment 10

Jason Furniture (Hangzhou) Co., Ltd. Meeting Date: 08/17/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Application of Comprehensive Bank Credit Line and Loan by Wholly-owned Subsidiary

For For

For For Approve Guarantee Provision to Wholly-owned Subsidiary

2.1

Voter Rationale: A vote FOR is merited because no concerns have been identified.

For For Approve Guarantee Provision to Equity Mortgage of Wholly-owned Subsidiary

2.2

Voter Rationale: A vote FOR is merited because no concerns have been identified.

Vote Summary Report


Daiwa Office Investment Corp. Meeting Date: 08/20/2018 Country: Japan


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles to Reflect Changes in Law - Amend Asset Management Compensation

For For

For For Elect Executive Director Takahashi, Motoi 2

For For Elect Alternate Executive Director Fukushima, Toshio

3

For For Elect Supervisory Director Hiraishi, Takayuki 4.1

For For Elect Supervisory Director Sakuma, Hiroshi 4.2

LONGi Green Energy Technology Co., Ltd. Meeting Date: 08/20/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Investment and Construction of a Battery Project

For For

For For Approve Issuance of Long-term Right Including Medium-term Notes (Perpetual Bond)

2

Voter Rationale: A vote FOR is merited because it serves to facilitate the company's business development and day-to-day operations.

For For Approve Issuance of Short-term Financing Bills 3



4


For For Approve Company's Eligibility for Rights Issue 5

Voter Rationale: A vote FOR is merited because the company has well demonstrated its need for capital in relation to various project developments.

For For Approve Rights Issue Scheme 6


Vote Summary Report


LONGi Green Energy Technology Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Share Type and Par Value 6.1


For For Approve Issue Manner 6.2


For For Approve Base, Proportion and Number of Shares

6.3


For For Approve Pricing Principles and Issuance Price 6.4


For For Approve Target Subscribers 6.5


For For Approve Distribution Arrangement of Undistributed Earnings

6.6


For For Approve Issuance Time 6.7


For For Approve Underwriting Method 6.8


For For Approve Use of Proceeds 6.9




For For Approve Listing for Trading 6.11


For For Approve Plan on Company's Rights Issue 7


For For Approve Feasibility Analysis Report on the Use of Proceeds

8


Vote Summary Report


LONGi Green Energy Technology Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Report on the Usage of Previously Raised Funds

9


For For Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken

10


For For Approve Counter-dilution Measures in Connection to the Right Issuance

11


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

12


For For Approve Adjustment on Performance Share Quantity and Repurchase Price of the Performance Shares Incentive Plan

13


For For Approve Repurchase and Cancellation of Performance Shares

14


For For Approve Change in Registered Capital and Amend Articles of Association

15

Beijing Orient National Communication Science & Tech Co., Ltd. Meeting Date: 08/22/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Related-party Transaction in Connection to External Investment in the Establishment of Limited Partnership and Acquisition of Equity

For Against

Voter Rationale: A vote AGAINST is warranted because the fairness and effects of the acquisition price of one target cannot be effectively gauged.

Vote Summary Report


Beijing Orient National Communication Science & Tech Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Provision of Guarantee for Associate Company

2

Voter Rationale: A vote AGAINST is warranted because this proposal does not address the concerns resulting in an adverse recommendation in Item 1.

Against For Approve Provision of Guarantee for Associate Subsidiary

3

Voter Rationale: A vote AGAINST is warranted because this proposal does not address the concerns resulting in an adverse recommendation in Item 1.

Chen Hsong Holdings Ltd. Meeting Date: 08/22/2018 Country: Bermuda


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Elect Anish Lalvani as Director 3.1

Voter Rationale: A vote FOR all nominees is warranted.

For For Elect Bernard Charnwut Chan as Director 3.2


For For Elect Michael Tze Hau Lee as Director 3.3


For For Approve Directors' Fees 3.4

For For Approve Ernst & Young as Auditor and Authorize Board to Fix Their Remuneration

4



6

Voter Rationale: A vote AGAINST these resolutions is warranted for the following:* The aggregate share issuance limit is greater than 10 percent.* The company has not specified the discount limit.


Voter Rationale: A vote AGAINST these resolutions is warranted for the following:* The aggregate share issuance limit is greater than 10 percent.* The company has not specified the discount limit.

Vote Summary Report




Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


Voter Rationale: A vote FOR these resolutions is warranted given the capital increase is within a reasonable range.


2






Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction




2




Larsen & Toubro Infotech Ltd. (India) Meeting Date: 08/22/2018 Country: India


Vote Summary Report


Larsen & Toubro Infotech Ltd. (India)

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect R. Shankar Raman as Director 3


For For Reelect S. N. Subrahmanyan as Director 4


For For Approve Revision in the Remuneration of Sanjay Jalona as Chief Executive Officer and Managing Director

5

Voter Rationale: A vote FOR these resolutions is warranted given the absence of any known issues surrounding the proposed remuneration.

For For Approve Revision in the Remuneration of Aftab Zaid Ullah as Whole-time Director

6


For For Approve Revision in the Remuneration of Sudhir Chaturvedi as Whole-time Director

7


For For Approve A.M. Naik to Continue Office as Non-Executive Director

8


Beijing Capital International Airport Co., Ltd. Meeting Date: 08/23/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve GTC Assets Transfer Agreement and Related Transactions

For For

Vote Summary Report


Guangzhou Automobile Group Co. Ltd. Meeting Date: 08/23/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.01 Elect Zeng Qinghong as Director For For

Voter Rationale: A vote AGAINST the election of Lan Hailin, Leung Lincheong, and Wang Susheng is warranted as they serve on the audit committee and the company did not disclose sufficient information regarding the fees paid to the auditors to examine the level of non-audit services rendered by the auditors.In the absence of any known issues concerning the remaining nominees, a vote FOR these nominees is warranted.

For For Elect Feng Xingya as Director 1.02


For For Elect Yan Zhuangli as Director 1.03


For For Elect Chen Maoshan as Director 1.04


For For Elect Chen Jun as Director 1.05


For For Elect Ding Hongxiang as Director 1.06


For For Elect Han Ying as Director 1.07


For For Elect Fu Yuwu as Director 2.01


Vote Summary Report


Guangzhou Automobile Group Co. Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Lan Hailin as Director 2.02


For For Elect Leung Lincheong as Director 2.03


For For Elect Wang Susheng as Director 2.04


For For Elect Ji Li as Supervisor 3.01

Voter Rationale: In the absence of any known issues relating to the nominees, a vote FOR their election is warranted.

For For Elect Chen Tian as Supervisor 3.02


For For Elect Liao Chongkang as Supervisor 3.03


For For Elect Wang Junyang as Supervisor 3.04


ING Life Insurance Co. Korea Ltd. Meeting Date: 08/23/2018 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Incorporation For For

For For Elect Kim Hyoung Tae as Outside Director 2

Larsen & Toubro Ltd. Meeting Date: 08/23/2018 Country: India


Vote Summary Report


Larsen & Toubro Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Subramanian Sarma as Director 3

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Sunita Sharma (Item 4) has attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation.A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

Against For Reelect Sunita Sharma as Director 4


For For Reelect A.M Naik as Director 5


For For Reelect D.K Sen as Director 6


For For Elect Hemant Bhargava as Director 7


For For Reelect A.M Naik as Non-Executive Director 8


For For Approve Remuneration of A.M Naik as Non-Executive Director

9

For For Approve Issuance of Secure/Unsecured Redeemable Non-Convertible Debentures on Private Placement Basis

10


Vote Summary Report


Maruti Suzuki India Ltd. Meeting Date: 08/23/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Toshiaki Hasuike as Director 3


For For Reelect Kinji Saito as Director 4


For For Approve Appointment and Remuneration of Kazunari Yamaguchi as Whole-time Director Designated as Director (Production)

5


For For Amend Articles of Association - Board Related 7

For For Approve R.C. Bhargava to Continue Office as Non-Executive Director

8


For For Approve O. Suzuki to Continue Office as Non-Executive Director

9


Vedanta Ltd. Meeting Date: 08/24/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm First Interim Dividend and Confirm Preference Dividend

2

Vote Summary Report


Vedanta Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Reelect GR Arun Kumar as Director 3


For For Approve Reppointment and Remuneration of Navin Agarwal as Whole-Time Director

4

Voter Rationale: A vote FOR these resolutions is warranted given the absence of any known issues concerning the nominees and their remuneration.

For For Reelect Lalita D. Gupte as Director 5


For For Reelect Ravi Kant as Director 6


For For Elect U. K. Sinha as Director 7


For For Approve Reppointment and Remuneration of Tarun Jain as Whole-Time Director

8




10

Astral Poly Technik Ltd. Meeting Date: 08/25/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm Interim Dividend 2

Voter Rationale: A vote FOR these resolutions is warranted because these are routine dividend proposals.


Voter Rationale: A vote FOR these resolutions is warranted because these are routine dividend proposals.

Vote Summary Report


Astral Poly Technik Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Elect Jagruti S. Engineer as Director 4


For For Approve Reappointment and Remuneration of Sandeep P. Engineer as Managing Director

5

For For Approve K. R. Shenoy to Continue Office as Independent Director

6


For For Approve Narasinh K. Balgi to Continue Office as Independent Director

7



Han's Laser Technology Industry Group Co., Ltd. Meeting Date: 08/27/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Share Repurchase Plan For For


For For Approve Share Repurchase Method 1.1


For For Approve Price Range and Pricing Principles of Share Repurchase

1.2


For For Approve Type, Size and Proportion to Total Share Capital of Share Repurchase

1.3


For For Approve Total Funds and Source of Funds for Share Repurchase

1.4


For For Approve Period of Share Repurchase 1.5


Vote Summary Report


Han's Laser Technology Industry Group Co., Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Authorization of Board to Handle All Related Matters

2


Kajaria Ceramics Ltd. Meeting Date: 08/27/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Chetan Kajaria as Director 3

Voter Rationale: A vote AGAINST H. Rathnakar Hegde (Item 8) is warranted because he has attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation. A vote FOR all other nominees is warranted given the absence of any known issues concerning the nominees and the company's board and committee dynamics.

For For Reelect Rishi Kajaria as Director 4


For For Approve Walker Chandiok & Co LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

For For Approve Reappointment and Remuneration of Chetan Kajaria as Joint Managing Director

6


For For Approve Reappointment and Remuneration of Rishi Kajaria as Joint Managing Director

7


Against For Reelect H. Rathnakar Hegde as Director 8


Vote Summary Report


Avenue Supermarts Ltd. Meeting Date: 08/28/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Against For Reelect Ramakant Baheti as Director 2

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Ramakant Baheti (Item 2) serves as an executive member of the audit committee.A vote FOR Kalpana Unadkat (item 6) is warranted given the absence of any known issues concerning the nominee.

For For Approve S R B C & Co. LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

3


4

For For Approve Reappointment and Remuneration of Elvin Machado as Whole-Time Director

5

For For Elect Kalpana Unadkat as Director 6

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Ramakant Baheti (Item 2) serves as an executive member of the audit committee.A vote FOR Kalpana Unadkat (item 6) is warranted given the absence of any known issues concerning the nominee.

Future Retail Ltd. Meeting Date: 08/29/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Against For Reelect Rakesh Biyani as Director 2

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Rakesh Biyani attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation and he serves as an executive member of the audit committee.A vote FOR the election of Rahul Garg is warranted in the absence of any concerns regarding his election.

For For Approve Revision in the Remuneration of Kishore Biyani as Managing Director

3


Vote Summary Report


Future Retail Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

For For Approve Revision in the Remuneration of Rakesh Biyani as Jt. Managing Director

4


For For Approve Commission to Directors 5

For For Approve Related Party Transactions 6

For For Elect Rahul Garg as Director 7

Voter Rationale: A vote AGAINST the following nominee is warranted because:* Rakesh Biyani attended less than 75 percent of board and committee meetings over the most recent fiscal year, without a satisfactory explanation and he serves as an executive member of the audit committee.A vote FOR the election of Rahul Garg is warranted in the absence of any concerns regarding his election.

LG Uplus Corp. Meeting Date: 08/29/2018 Country: South Korea


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Elect Ha Hyeon-hoe as Inside Director For For

Voter Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

For For Elect Kwon Young-su as Non-independent Non-executive Director

1.2

Voter Rationale: A vote FOR all nominees is warranted given the absence of any known issues concerning the nominees and the company's board dynamics.

Arvind Ltd. Meeting Date: 08/30/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Sanjay Lalbhai as Director 3

Vote Summary Report


Arvind Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction



5

Against For Amend Arvind Limited - Employee Stock Option Scheme 2008

6

Voter Rationale: A vote AGAINST this resolution is warranted given that the proposed amendment may allow the board to set the exercise price of the options at a discount to the market price of the shares.

COSCO SHIPPING Holdings Co. Ltd. Meeting Date: 08/30/2018 Country: China


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Registration and Issuance of Medium-Term Notes, Super and Short-term Commercial Paper and Authorize Board to Deal All Matters in Relation to the Bond Issuance

For For

Against For Elect Xu Lirong as Director 2

Voter Rationale: A vote AGAINST the election of Xu Lirong is warranted as he is a non-independent director nominee and the board is less than one-third independent.

For For Amend Articles of Association 3

For For Approve Master Container Services Agreement and the Proposed Annual Caps for the Two Financial Years Ending 31 December 2019

4

Pidilite Industries Ltd. Meeting Date: 08/30/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report


Pidilite Industries Ltd. Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For Reelect A B Parekh as Director 3


For For Reelect Sabyaschi Patnaik as Director 4


For For Approve Deloitte Haskins & Sells LLP, Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

For For Elect Piyush Pandey as Director 6


For For Approve Reappointment and Remuneration of M B Parekh as Whole Time Director

7

Voter Rationale: A vote FOR Items 7 and 9 is warranted given the absence of any known issues concerning the nominees and their remuneration.A vote AGAINST Item 8 is warranted as the company has failed to specify the commission rate for which the executive is entitled to receive as part of his remuneration.

Against For Approve Reappointment and Remuneration of A B Parekh as Whole Time Director

8


For For Approve Reappointment and Remuneration of Sabyaschi Patnaik as Whole Time Director Designated as Director-Operations

9


For For Approve Commission to Non-Executive Directors 10


Sophos Group plc Meeting Date: 08/30/2018 Country: United Kingdom

Meeting Type: Annual Ticker: SOPH

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

Vote Summary Report



Proposal Text

Mgmt Rec

Vote Instruction

Against For Approve Remuneration Report 2

Voter Rationale: A vote AGAINST this resolution is warranted because:* The overall remuneration framework is significantly weighted towards shorter term performance and despite a significant dissent at previous AGM, no notable progress over shareholder concerns identified;* The large majority of both the annual bonus and PSU awards are measured against billings and EBITDA performance conditions which is likely to result in Directors being rewarded twice for the achievement of the same (short term) performance; and* Limited prospective disclosure of LTIP targets.


For For Re-elect Sandra Bergeron as Director 4

Voter Rationale: Items 4-11A vote FOR these Directors is warranted as no significant concerns have been identified.Item 12- Re-elect Paul Walker as DirectorA vote AGAINST this resolution is warranted because:* He serves as Chair of the Remuneration Committee, and there are ongoing material concerns over the Company's remuneration practices; and* His total number of external time commitments - especially when he assumes the chairmanship of Ashtead plc in September 2018, raises questions over how he is able to devote the necessary time to each of his roles.

For For Re-elect Nick Bray as Director 5


For For Re-elect Peter Gyenes as Director 6


For For Re-elect Kris Hagerman as Director 7


For For Re-elect Roy Mackenzie as Director 8


For For Re-elect Rick Medlock as Director 9


Vote Summary Report



Proposal Text

Mgmt Rec

Vote Instruction

For For Re-elect Steve Munford as Director 10


For For Re-elect Vin Murria as Director 11


Against For Re-elect Paul Walker as Director 12


For For Reappoint KPMG LLP as Auditors 13

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

14


15


16

Voter Rationale: A vote FOR these resolutions is warranted because the proposed amounts and durations are within recommended limits.


17



18




20

Multi Commodity Exchange of India Ltd. Meeting Date: 08/31/2018 Country: India


Vote Summary Report


Multi Commodity Exchange of India Ltd.

Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For


For For Reelect Madhu Vadera Jayakumar as Director 3


For For Reelect Hemang Raja as Director 4


For For Approve Shah Gupta & Co., Chartered Accountants as Auditors and Authorize Board to Fix Their Remuneration

5

Symphony Ltd. Meeting Date: 08/31/2018 Country: India


Proposal Number

Proposal Text

Mgmt Rec

Vote Instruction


For For

For For Confirm Interim Dividends and Declare Final Dividend

2

For For Reelect Nrupesh Shah as Director 3


For For Approve Deloitte Haskins & Sells, Chartered Accountants, Ahmedabad as Auditors and Authorize Board to Fix Their Remuneration

4

For For Elect Ashish Deshpande as Director 5


Against For Approve Pledging of Assets for Debt 6

Voter Rationale: A vote AGAINST this resolution is warranted given the lack of sufficient information to determine the reasonableness of the potential increase in debt.

Vote Summary Report


Vote Summary Report - Schroders

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Transcript of Vote Summary Report - Schroders