N-PX 1 fdeu_npx.htm PROXY VOTING RECORD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act File No. 811-23072

First Trust Dynamic Europe Equity Income Fund

Exact Name of Registrant as Specified in Declaration of Trust

120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187

Address of Principal Executive Offices (Number, Street, City, State, Zip Code)

W. Scott Jardine

First Trust Portfolios L.P.

120 East Liberty Drive, Suite 400

Wheaton, Illinois 60187

Name and Address (Number, Street, City, State, Zip Code) of Agent for Service

(630) 765-8000

Registrant's Telephone Number, including Area Code

Date of fiscal year end: December 31

Date of reporting period: July 1, 2021 - June 30, 2022

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington D.C. 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507.

Item 1. Proxy Voting Record

3I GROUP PLC
Ticker: III
Country: United Kingdom
Provider Security ID: G88473148
Meeting Type: Annual
Meeting Date: 01-Jul-21
Record Date: 29-Jun-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Caroline Banszky as Director	For	For
Management	Re-elect Simon Borrows as Director	For	For
Management	Re-elect Stephen Daintith as Director	For	For
Management	Re-elect David Hutchison as Director	For	For
Management	Re-elect Coline McConville as Director	For	For
Management	Elect Peter McKellar as Director	For	For
Management	Re-elect Alexandra Schaapveld as Director	For	For
Management	Re-elect Simon Thompson as Director	For	For
Management	Re-elect Julia Wilson as Director	For	For
Management	Reappoint KPMG LLP as Auditors	For	For
Management	Authorise Board Acting Through the Audit and Compliance Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

PROSUS NV
Ticker: PRX
Country: Netherlands
Provider Security ID: N7163R103
Meeting Type: Special
Meeting Date: 09-Jul-21
Record Date: 11-Jun-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Proposed Transaction	For	For	Vote FOR warranted
Management	Close Meeting

THE BRITISH LAND CO. PLC
Ticker: BLND
Country: United Kingdom
Provider Security ID: G15540118
Meeting Type: Annual
Meeting Date: 13-Jul-21
Record Date: 09-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Simon Carter as Director	For	For
Management	Re-elect Lynn Gladden as Director	For	For
Management	Elect Irvinder Goodhew as Director	For	For
Management	Re-elect Alastair Hughes as Director	For	For
Management	Re-elect Nicholas Macpherson as Director	For	For
Management	Re-elect Preben Prebensen as Director	For	For
Management	Re-elect Tim Score as Director	For	For
Management	Re-elect Laura Wade-Gery as Director	For	For
Management	Elect Loraine Woodhouse as Director	For	For
Management	Reappoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

BURBERRY GROUP PLC
Ticker: BRBY
Country: United Kingdom
Provider Security ID: G1700D105
Meeting Type: Annual
Meeting Date: 14-Jul-21
Record Date: 12-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Dr Gerry Murphy as Director	For	For
Management	Re-elect Marco Gobbetti as Director	For	For
Management	Re-elect Julie Brown as Director	For	For
Management	Re-elect Fabiola Arredondo as Director	For	For
Management	Re-elect Sam Fischer as Director	For	For
Management	Re-elect Ron Frasch as Director	For	For
Management	Re-elect Matthew Key as Director	For	For
Management	Re-elect Debra Lee as Director	For	For
Management	Re-elect Dame Carolyn McCall as Director	For	For
Management	Re-elect Orna NiChionna as Director	For	For
Management	Elect Antoine de Saint-Affrique as Director	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Approve International Free Share Plan	For	For
Management	Approve Share Incentive Plan	For	For
Management	Approve Sharesave Plan	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Adopt New Articles of Association	For	For

SSE PLC
Ticker: SSE
Country: United Kingdom
Provider Security ID: G8842P102
Meeting Type: Annual
Meeting Date: 22-Jul-21
Record Date: 20-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Gregor Alexander as Director	For	For
Management	Re-elect Sue Bruce as Director	For	For
Management	Re-elect Tony Cocker as Director	For	For
Management	Re-elect Peter Lynas as Director	For	For
Management	Re-elect Helen Mahy as Director	For	For
Management	Elect John Manzoni as Director	For	For
Management	Re-elect Alistair Phillips-Davies as Director	For	For
Management	Re-elect Martin Pibworth as Director	For	For
Management	Re-elect Melanie Smith as Director	For	For
Management	Re-elect Angela Strank as Director	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Approve Scrip Dividend Scheme	For	For
Management	Approve Sharesave Scheme	For	For
Management	Approve Net Zero Transition Report	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Adopt New Articles of Association	For	For

NATIONAL GRID PLC
Ticker: NG
Country: United Kingdom
Provider Security ID: G6S9A7120
Meeting Type: Annual
Meeting Date: 26-Jul-21
Record Date: 22-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Final Dividend	For	For
Management	Elect Paula Reynolds as Director	For	For
Management	Re-elect John Pettigrew as Director	For	For
Management	Re-elect Andy Agg as Director	For	For
Management	Re-elect Mark Williamson as Director	For	For
Management	Re-elect Jonathan Dawson as Director	For	For
Management	Re-elect Therese Esperdy as Director	For	For
Management	Re-elect Liz Hewitt as Director	For	For
Management	Re-elect Amanda Mesler as Director	For	For
Management	Re-elect Earl Shipp as Director	For	For
Management	Re-elect Jonathan Silver as Director	For	For
Management	Reappoint Deloitte LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Approve Remuneration Report	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Approve Long Term Performance Plan	For	For
Management	Approve US Employee Stock Purchase Plan	For	For
Management	Approve Climate Change Commitments and Targets	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Adopt New Articles of Association	For	For

VODAFONE GROUP PLC
Ticker: VOD
Country: United Kingdom
Provider Security ID: G93882192
Meeting Type: Annual
Meeting Date: 27-Jul-21
Record Date: 23-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Elect Olaf Swantee as Director	For	For
Management	Re-elect Jean-Francois van Boxmeer as Director	For	For
Management	Re-elect Nick Read as Director	For	For
Management	Re-elect Margherita Della Valle as Director	For	For
Management	Re-elect Sir Crispin Davis as Director	For	For
Management	Re-elect Michel Demare as Director	For	For
Management	Re-elect Dame Clara Furse as Director	For	For
Management	Re-elect Valerie Gooding as Director	For	For
Management	Re-elect Maria Amparo Moraleda Martinez as Director	For	For
Management	Re-elect Sanjiv Ahuja as Director	For	For
Management	Re-elect David Nish as Director	For	For
Management	Approve Final Dividend	For	For
Management	Approve Remuneration Report	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit and Risk Committee to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Adopt New Articles of Association	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

PROSUS NV
Ticker: PRX
Country: Netherlands
Provider Security ID: N7163R103
Meeting Type: Annual
Meeting Date: 24-Aug-21
Record Date: 27-Jul-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Report of Management Board (Non-Voting)
Management	Approve Remuneration Report	For	Against	A vote AGAINST this item is warranted because:* The quantum of long-term incentives awarded is high, with a large portion not subject to performance conditions.* The quantum of the overall realized package for FY 2020/2021 is considered excessive (USD 18 million) where this is mainly driven by the SAR plan that is not sufficiently transparent.* A substantial part of the LTI awards vest before the third anniversary in deviation of best practice recommendations.* Scope for increased disclosure of performance targets under the variable pay framework.* Albeit we recognize the company has made a number of efforts to address shareholders concerns as raised at the 2020 AGM, given the level of dissent the changes are not considered to fully address or fully mitigate concerns.
Management	Adopt Financial Statements	For	For
Management	Approve Dividend Distribution in Relation to the Financial Year Ending March 31, 2021	For	For
Management	Approve Dividend Distribution in Relation to the Financial Year Ending March 31, 2022 and Onwards	For	For
Management	Approve Discharge of Executive Directors	For	For
Management	Approve Discharge of Non-Executive Directors	For	For
Management	Approve Remuneration Policy for Executive and Non-Executive Directors	For	Against	A vote AGAINST this item is warranted:* The remuneration policy includes a significant proportion of long-term incentives that are not performance-related;* A substantial portion of the LTI vests before the third anniversary and start vesting after the first anniversary of the grant;* Absence of termination agreements with executives to mitigate risks of excessive termination payments.
Management	Elect Angelien Kemna as Non-Executive Director	For	For
Management	Reelect Hendrik du Toit as Non-Executive Director	For	For
Management	Reelect Craig Enenstein as Non-Executive Director	For	For
Management	Reelect Nolo Letele as Non-Executive Director	For	For
Management	Reelect Roberto Oliveira de Lima as Non-Executive Director	For	For
Management	Ratify PricewaterhouseCoopers Accountants N.V. as Auditors	For	For
Management	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restrict/Exclude Preemptive Rights	For	For
Management	Authorize Repurchase of Shares	For	For
Management	Approve Reduction in Share Capital through Cancellation of Shares	For	For
Management	Close Meeting

BAWAG GROUP AG
Ticker: BG
Country: Austria
Provider Security ID: A0997C107
Meeting Type: Annual
Meeting Date: 27-Aug-21
Record Date: 17-Aug-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2020 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 4.72 per Share	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2020	For	For
Management	Approve Discharge of Supervisory Board for Fiscal Year 2020	For	For
Management	Ratify KPMG Austria GmbH as Auditors for Fiscal Year 2022	For	For
Management	Approve Remuneration Report	For	For
Management	Amend Articles Re: Supervisory Board Size	For	For
Management	Approve Increase in Size of Supervisory Board to Six Members	For	For
Management	Elect Gerrit Schneider as Supervisory Board Member	For	For
Management	Elect Tamara Kapeller as Supervisory Board Member	For	For
Management	Reelect Egbert Fleischer as Supervisory Board Member	For	For
Management	Reelect Kim Fennebresque as Supervisory Board Member	For	For	Vote FOR warranted at this time as the roles are all non-executive and there have not been any issues raised about attendance.
Management	Reelect Adam Rosmarin as Supervisory Board Member	For	For
Management	Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares	For	For

BABCOCK INTERNATIONAL GROUP PLC
Ticker: BAB
Country: United Kingdom
Provider Security ID: G0689Q152
Meeting Type: Annual
Meeting Date: 22-Sep-21
Record Date: 20-Sep-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Re-elect Ruth Cairnie as Director	For	For
Management	Re-elect Carl-Peter Forster as Director	For	For
Management	Re-elect Kjersti Wiklund as Director	For	For
Management	Re-elect Russ Houlden as Director	For	For
Management	Re-elect Lucy Dimes as Director	For	For
Management	Elect Lord Parker of Minsmere as Director	For	For
Management	Elect David Lockwood as Director	For	For
Management	Elect David Mellors as Director	For	For
Management	Appoint Deloitte LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Adopt New Articles of Association	For	For

BNP PARIBAS SA
Ticker: BNP
Country: France
Provider Security ID: F1058Q238
Meeting Type: Ordinary Shareholders
Meeting Date: 24-Sep-21
Record Date: 22-Sep-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Allocation of Income and Additional Dividend of EUR 1.55 per Share	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

DIAGEO PLC
Ticker: DGE
Country: United Kingdom
Provider Security ID: G42089113
Meeting Type: Annual
Meeting Date: 30-Sep-21
Record Date: 28-Sep-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Elect Lavanya Chandrashekar as Director	For	For
Management	Elect Valerie Chapoulaud-Floquet as Director	For	For
Management	Elect Sir John Manzoni as Director	For	For
Management	Elect Ireena Vittal as Director	For	For
Management	Re-elect Melissa Bethell as Director	For	For
Management	Re-elect Javier Ferran as Director	For	For
Management	Re-elect Susan Kilsby as Director	For	For
Management	Re-elect Lady Mendelsohn as Director	For	For
Management	Re-elect Ivan Menezes as Director	For	For
Management	Re-elect Alan Stewart as Director	For	For
Management	Reappoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

DAIMLER AG
Ticker: DAI
Country: Germany
Provider Security ID: D1668R123
Meeting Type: Extraordinary Shareholders
Meeting Date: 01-Oct-21
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Spin-Off Agreement with Daimler Truck Holding AG	For	For
Management	Change Company Name to Mercedes-Benz Group AG	For	For
Management	Elect Helene Svahn to the Supervisory Board	For	For
Management	Elect Olaf Koch to the Supervisory Board	For	Against	Vote AGAINST Olaf Koch is warranted due to his leadership role running Metro AG where a lot of shareholder value was lost.

BFF BANK SPA
Ticker: BFF
Country: Italy
Provider Security ID: T1R288116
Meeting Type: Extraordinary Shareholders
Meeting Date: 07-Oct-21
Record Date: 28-Sep-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Dividend Distribution	For	For
Management	Amend Company Bylaws	For	For

BHP GROUP PLC
Ticker: BHP
Country: United Kingdom
Provider Security ID: G10877127
Meeting Type: Annual
Meeting Date: 14-Oct-21
Record Date: 12-Oct-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Risk and Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Approve Remuneration Report for UK Law Purposes	For	For
Management	Approve Remuneration Report for Australian Law Purposes	For	For
Management	Approve Grant of Awards under the Group's Incentive Plans to Mike Henry	For	For
Management	Re-elect Terry Bowen as Director	For	For
Management	Re-elect Malcolm Broomhead as Director	For	For
Management	Re-elect Xiaoqun Clever as Director	For	For
Management	Re-elect Ian Cockerill as Director	For	For
Management	Re-elect Gary Goldberg as Director	For	For
Management	Re-elect Mike Henry as Director	For	For
Management	Re-elect Ken MacKenzie as Director	For	For
Management	Re-elect John Mogford as Director	For	For
Management	Re-elect Christine O'Reilly as Director	For	For
Management	Re-elect Dion Weisler as Director	For	For
Management	Approve the Climate Transition Action Plan	For	For
Share Holder	Amend Constitution of BHP Group Limited	Against	Against
Share Holder	Approve Climate-Related Lobbying	For	For
Share Holder	Approve Capital Protection	Against	Against

ROYAL DUTCH SHELL PLC
Ticker: RDSA
Country: United Kingdom
Provider Security ID: G7690A100
Meeting Type: Special
Meeting Date: 10-Dec-21
Record Date: 08-Dec-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Adopt New Articles of Association	For	For

SODEXO SA
Ticker: SW
Country: France
Provider Security ID: F84941123
Meeting Type: Annual/Special
Meeting Date: 14-Dec-21
Record Date: 10-Dec-21

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 2 per Share	For	For
Management	Approve Transaction with Bellon SA Re: Service Agreement	For	Against	A vote AGAINST this proposal is warranted as: The service agreement would provide additional influence to the main shareholder toward the company's management, which may not be in line with all shareholders' interest; and the company does not provide the price setting conditions underlying the transaction for the upcoming years.
Management	Reelect Francois-Xavier Bellon as Director	For	For
Management	Elect Jean-Baptiste Chasseloup de Chatillon as Director	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Sophie Bellon, Chairman of the Board	For	For
Management	Approve Compensation of Denis Machuel, CEO	For	For
Management	Approve Remuneration of Directors in the Aggregate Amount of EUR 1 Million	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of CEO	For	For
Management	Approve Compensation of Denis Machuel, CEO Until 30 September 2021	For	For
Management	Authorize Repurchase of Up to 5 Percent of Issued Share Capital	For	For
Management	Authorize Decrease in Share Capital via Cancellation of Repurchased Shares	For	For
Management	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 85 Million	For	For
Management	Authorize Capitalization of Reserves of Up to EUR 85 Million for Bonus Issue or Increase in Par Value	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans	For	For
Management	Authorize up to 2.5 Percent of Issued Capital for Use in Restricted Stock Plans	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

BHP GROUP PLC
Ticker: BHP
Country: United Kingdom
Provider Security ID: G10877127
Meeting Type: Court
Meeting Date: 20-Jan-22
Record Date: 18-Jan-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Scheme of Arrangement	For	For

BHP GROUP PLC
Ticker: BHP
Country: United Kingdom
Provider Security ID: G10877127
Meeting Type: Special
Meeting Date: 20-Jan-22
Record Date: 18-Jan-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve the Scheme of Arrangement and Unification	For	For
Management	Approve Special Voting Share Buy-Back Agreement	For	For
Management	Approve Special Voting Share Buy-Back Agreement (Class Rights Action)	For	For
Management	Adopt New Articles of Association	For	For
Management	Approve Re-registration of the Company as a Private Limited Company (Class Rights Action)	For	For

IMPERIAL BRANDS PLC
Ticker: IMB
Country: United Kingdom
Provider Security ID: G4720C107
Meeting Type: Annual
Meeting Date: 02-Feb-22
Record Date: 31-Jan-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Stefan Bomhard as Director	For	For
Management	Re-elect Susan Clark as Director	For	For
Management	Elect Ngozi Edozien as Director	For	For
Management	Re-elect Therese Esperdy as Director	For	For
Management	Re-elect Alan Johnson as Director	For	For
Management	Re-elect Robert Kunze-Concewitz as Director	For	For
Management	Re-elect Simon Langelier as Director	For	For
Management	Elect Lukas Paravicini as Director	For	For
Management	Elect Diane de Saint Victor as Director	For	For
Management	Re-elect Jonathan Stanton as Director	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

SIEMENS AG
Ticker: SIE
Country: Germany
Provider Security ID: D69671218
Meeting Type: Annual
Meeting Date: 10-Feb-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2020/21 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 4.00 per Share	For	For
Management	Approve Discharge of Management Board Member Roland Busch for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Klaus Helmrich (until March 31, 2021) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Joe Kaeser (until Feb. 3, 2021) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Cedrik Neike for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Matthias Rebellius for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Ralf Thomas for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Management Board Member Judith Wiese for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Jim Snabe for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Birgit Steinborn for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Werner Brandt for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Tobias Baeumler (from Oct. 16, 2020) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Michael Diekmann for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Andrea Fehrmann for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Bettina Haller for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Harald Kern for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Juergen Kerner for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Nicola Leibinger-Kammueller (until Feb. 3, 2021) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Benoit Potier for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Hagen Reimer for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Norbert Reithofer for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Kasper Roersted for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Nemat Shafik for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Nathalie von Siemens for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Michael Sigmund for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Dorothea Simon for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Grazia Vittadini (from Feb. 3, 2021) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Werner Wenning (until Feb. 3, 2021) for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Matthias Zachert for Fiscal Year 2020/21	For	For
Management	Approve Discharge of Supervisory Board Member Gunnar Zukunft for Fiscal Year 2020/21	For	For
Management	Ratify Ernst & Young GmbH as Auditors for Fiscal Year 2021/22	For	For
Management	Approve Remuneration Report	For	For

INFINEON TECHNOLOGIES AG
Ticker: IFX
Country: Germany
Provider Security ID: D35415104
Meeting Type: Annual
Meeting Date: 17-Feb-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2021 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 0.27 per Share	For	For
Management	Approve Discharge of Management Board Member Reinhard Ploss for Fiscal Year 2021	For	For
Management	Approve Discharge of Management Board Member Helmut Gassel for Fiscal Year 2021	For	For
Management	Approve Discharge of Management Board Member Jochen Hanebeck for Fiscal Year 2021	For	For
Management	Approve Discharge of Management Board Member Constanze Hufenbecher (from April 15, 2021) for Fiscal Year 2021	For	For
Management	Approve Discharge of Management Board Member Sven Schneider for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Wolfgang Eder for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Xiaoqun Clever for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Johann Dechant for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Friedrich Eichiner for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Annette Engelfried for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Peter Gruber for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Hans-Ulrich Holdenried for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Susanne Lachenmann for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Geraldine Picaud for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Manfred Puffer for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Melanie Riedl for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Juergen Scholz for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Kerstin Schulzendorf for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Ulrich Spiesshofer for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Margret Suckale for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board Member Diana Vitale for Fiscal Year 2021	For	For
Management	Ratify KPMG AG as Auditors for Fiscal Year 2022	For	For
Management	Elect Geraldine Picaud to the Supervisory Board	For	For

NOVARTIS AG
Ticker: NOVN
Country: Switzerland
Provider Security ID: H5820Q150
Meeting Type: Annual
Meeting Date: 04-Mar-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Approve Allocation of Income and Dividends of CHF 3.10 per Share	For	For
Management	Approve CHF 15.3 Million Reduction in Share Capital via Cancellation of Repurchased Shares	For	For
Management	Authorize Repurchase of up to CHF 10 Billion in Issued Share Capital	For	For
Management	Approve Remuneration of Directors in the Amount of CHF 8.6 Million	For	For
Management	Approve Maximum Remuneration of Executive Committee in the Amount of CHF 91 Million	For	For
Management	Approve Remuneration Report	For	For
Management	Reelect Joerg Reinhardt as Director and Board Chairman	For	For
Management	Reelect Nancy Andrews as Director	For	For
Management	Reelect Ton Buechner as Director	For	For
Management	Reelect Patrice Bula as Director	For	For
Management	Reelect Elizabeth Doherty as Director	For	For
Management	Reelect Bridgette Heller as Director	For	For
Management	Reelect Frans van Houten as Director	For	For
Management	Reelect Simon Moroney as Director	For	For
Management	Reelect Andreas von Planta as Director	For	For
Management	Reelect Charles Sawyers as Director	For	For
Management	Reelect William Winters as Director	For	For
Management	Elect Ana de Pro Gonzalo as Director	For	For
Management	Elect Daniel Hochstrasser as Director	For	For
Management	Reappoint Patrice Bula as Member of the Compensation Committee	For	For
Management	Reappoint Bridgette Heller as Member of the Compensation Committee	For	For
Management	Reappoint Simon Moroney as Member of the Compensation Committee	For	For
Management	Reappoint William Winters as Member of the Compensation Committee	For	For
Management	Ratify KPMG AG as Auditors	For	For
Management	Designate Peter Zahn as Independent Proxy	For	For
Management	Transact Other Business (Voting)	For	Against

ABB LTD.
Ticker: ABBN
Country: Switzerland
Provider Security ID: H0010V101
Meeting Type: Annual
Meeting Date: 24-Mar-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report (Non-Binding)	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Approve Allocation of Income and Dividends of CHF 0.82 per Share	For	For
Management	Approve CHF 10.6 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repurchased Shares	For	For
Management	Approve Remuneration of Directors in the Amount of CHF 4.4 Million	For	For
Management	Approve Remuneration of Executive Committee in the Amount of CHF 45.9 Million	For	For
Management	Reelect Gunnar Brock as Director	For	For
Management	Reelect David Constable as Director	For	For
Management	Reelect Frederico Curado as Director	For	For
Management	Reelect Lars Foerberg as Director	For	For
Management	Reelect Jennifer Xin-Zhe Li as Director	For	For
Management	Reelect Geraldine Matchett as Director	For	For
Management	Reelect David Meline as Director	For	For
Management	Reelect Satish Pai as Director	For	For
Management	Reelect Jacob Wallenberg as Director	For	For
Management	Reelect Peter Voser as Director and Board Chairman	For	Against	A vote AGAINST the chair of the nomination committee, Peter Voser, is warranted because the board is insufficiently gender diverse.
Management	Reappoint David Constable as Member of the Compensation Committee	For	For
Management	Reappoint Frederico Curado as Member of the Compensation Committee	For	For
Management	Reappoint Jennifer Xin-Zhe Li as Member of the Compensation Committee	For	For
Management	Designate Zehnder Bolliger & Partner as Independent Proxy	For	For
Management	Ratify KPMG AG as Auditors	For	For
Management	Transact Other Business (Voting)	For	Against

NOVO NORDISK A/S
Ticker: NOVO.B
Country: Denmark
Provider Security ID: K72807132
Meeting Type: Annual
Meeting Date: 24-Mar-22
Record Date: 17-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Report of Board
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of DKK 6.90 Per Share	For	For
Management	Approve Remuneration Report (Advisory Vote)	For	For
Management	Approve Remuneration of Directors for 2021 in the Aggregate Amount of DKK 17.1 Million	For	For
Management	Approve Remuneration of Directors for 2022 in the Amount of DKK 2.26 Million for the Chairman, DKK 1.51 Million for the Vice Chairman, and DKK 755,000 for Other Directors; Approve Remuneration for Committee Work	For	For
Management	Reelect Helge Lund as Director and Board Chair	For	For
Management	Reelect Henrik Poulsen as Director and Vice Chair	For	For
Management	Reelect Jeppe Christiansen as Director	For	For
Management	Reelect Laurence Debroux as Director	For	For
Management	Reelect Andreas Fibig as Director	For	For
Management	Reelect Sylvie Gregoire as Director	For	For
Management	Reelect Kasim Kutay as Director	For	For
Management	Reelect Martin Mackay as Director	For	Abstain
Management	Elect Choi La Christina Law as New Director	For	For
Management	Ratify Deloitte as Auditors	For	For
Management	Approve DKK 6 Million Reduction in Share Capital via B Share Cancellation	For	For
Management	Authorize Share Repurchase Program	For	For
Management	Approve Creation of DKK 45.6 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 45.6 Million Pool of Capital without Preemptive Rights; Maximum Increase in Share Capital under Both Authorizations up to DKK 45.6 Million	For	For
Management	Amendment to Remuneration Policy for Board of Directors and Executive Management	For	For
Management	Amend Articles Re: Board-Related	For	For
Management	Other Business

BAWAG GROUP AG
Ticker: BG
Country: Austria
Provider Security ID: A0997C107
Meeting Type: Annual
Meeting Date: 28-Mar-22
Record Date: 18-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2021 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 3.00 per Share	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board for Fiscal Year 2021	For	For
Management	Ratify KPMG Austria GmbH as Auditors for Fiscal Year 2023	For	For
Management	Approve Remuneration Report	For	Against	A vote AGAINST is warranted because:* The management board's pay package raises quantum concerns. The pay package is substantially above what peers are paying their CEOs, mainly stemming from the base salary. The base salary is substantially above reasonable peers, even above that of Europe's largest companies. The company failed to disclose how it arrived at these levels or how it is considered to be in line with the market.* Further concerns are noted due to significant and unexplained salary increases in the last two years under review.* Short-term performance metrics are vague under the individual as well as ESG/leadership parts, in total accounting for two-thirds of STI.
Management	Amend Articles Re: Supervisory Board Composition	For	For
Management	Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares	For	For

UPM-KYMMENE OYJ
Ticker: UPM
Country: Finland
Provider Security ID: X9518S108
Meeting Type: Annual
Meeting Date: 29-Mar-22
Record Date: 17-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Call the Meeting to Order
Management	Designate Inspector or Shareholder Representative(s) of Minutes of Meeting
Management	Acknowledge Proper Convening of Meeting
Management	Prepare and Approve List of Shareholders
Management	Receive Financial Statements and Statutory Reports
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 1.30 Per Share	For	For
Management	Approve Discharge of Board and President	For	For
Management	Approve Remuneration Report	For	For
Management	Remuneration of Directors in the Amount of EUR 200,000 for Chairman, EUR 140,000 for Deputy Chairman and EUR 115,000 for Other Directors; Approve Compensation for Committee Work	For	For
Management	Fix Number of Directors at Nine	For	For
Management	Reelect Henrik Ehrnrooth, Emma FitzGerald, Jari Gustafsson, Piia-Noora Kauppi, Marjan Oudeman, Martin a Porta, Kim Wahl and Bjorn Wahlroos as Directors; Elect Topi Manner as New Director	For	For
Management	Approve Remuneration of Auditors	For	For
Management	Ratify PricewaterhouseCoopers as Auditors	For	For
Management	Approve Issuance of up to 25 Million Shares without Preemptive Rights	For	For
Management	Authorize Share Repurchase Program	For	For
Management	Amend Articles Re: Auditor	For	For
Management	Amend Articles Re: Annual General Meeting	For	For
Management	Authorize Charitable Donations	For	For
Management	Close Meeting

BFF BANK SPA
Ticker: BFF
Country: Italy
Provider Security ID: T1R288116
Meeting Type: Annual
Meeting Date: 31-Mar-22
Record Date: 22-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income	For	For
Management	Elect Monica Magri as Director and Approve Director's Remuneration	For	For
Management	Elect Anna Kunkl as Director and Approve Director's Remuneration	For	For
Share Holder	Appoint Francesca Sandrolini as Internal Statutory Auditor and Chairman of Internal Statutory Auditors	None	For
Management	Approve Remuneration Policy	For	For
Management	Approve Severance Payments Policy	For	For
Management	Approve Second Section of the Remuneration Report	For	For
Management	Approve Incentive Plan	For	For
Management	Authorize Share Repurchase Program and Reissuance of Repurchased Shares	For	For
Management	Deliberations on Possible Legal Action Against Directors if Presented by Shareholders	None	Against

OC OERLIKON CORP. AG
Ticker: OERL
Country: Switzerland
Provider Security ID: H59187106
Meeting Type: Annual
Meeting Date: 05-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of CHF 0.35 per Share	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Reelect Michael Suess as Director and Board Chairman	For	Against
Management	Reelect Paul Adams as Director	For	For
Management	Reelect Juerg Fedier as Director	For	Against
Management	Reelect Irina Matveeva as Director	For	Against
Management	Reelect Alexey Moskov as Director	For	Against
Management	Reelect Gerhard Pegam as Director	For	Against
Management	Elect Zhenguo Yao as Director	For	For
Management	Reappoint Paul Adams as Member of the Human Resources Committee	For	Against
Management	Reappoint Alexey Moskov as Member of the Human Resources Committee	For	Against
Management	Reappoint Gerhard Pegam as Member of the Human Resources Committee	For	Against
Management	Appoint Irina Matveeva as Member of the Human Resources Committee	For	Against
Management	Appoint Zhenguo Yao as Member of the Human Resources Committee	For	For
Management	Ratify PricewaterhouseCoopers AG as Auditors	For	For
Management	Designate Proxy Voting Services GmbH as Independent Proxy	For	For
Management	Approve Remuneration Report	For	Against	Vote AGAINST the remuneration report due to the LTI plan not being aligned with long-term shareholders' interests.
Management	Approve Remuneration of Directors in the Amount of CHF 4.2 Million	For	Against	Vote AGAINST due to lack of rationale for a significantly increased fee envelope.
Management	Approve Fixed Remuneration of Executive Committee in the Amount of CHF 4.6 Million for the Period July 1, 2022 - June 30, 2023	For	For
Management	Approve Fixed Remuneration of Executive Committee in the Amount of CHF 600,000 for the Period July 1, 2021 - June 30, 2022	For	For
Management	Approve Variable Remuneration of Executive Committee in the Amount of CHF 6 Million for the Period Jan. 1 - Dec. 31, 2021	For	For
Management	Transact Other Business (Voting)	For	Against

VOLVO AB
Ticker: VOLV.B
Country: Sweden
Provider Security ID: 928856301
Meeting Type: Annual
Meeting Date: 06-Apr-22
Record Date: 29-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Elect Chairman of Meeting	For	For
Management	Designate Erik Sjoman as Inspector of Minutes of Meeting	For	For
Management	Designate Martin Jonasson as Inspector of Minutes of Meeting	For	For
Management	Prepare and Approve List of Shareholders	For	For
Management	Approve Agenda of Meeting	For	For
Management	Acknowledge Proper Convening of Meeting	For	For
Management	Receive Financial Statements and Statutory Reports; Receive President's Report
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of SEK 6.50 Per Share and an Extra Dividend of SEK 6.50 Per Share	For	For
Management	Approve Discharge of Matti Alahuhta	For	For
Management	Approve Discharge of Eckhard Cordes	For	For
Management	Approve Discharge of Eric Elzvik	For	For
Management	Approve Discharge of Martha Finn Brooks	For	For
Management	Approve Discharge of Kurt Jofs	For	For
Management	Approve Discharge of James W. Griffith	For	For
Management	Approve Discharge of Martin Lundstedt	For	For
Management	Approve Discharge of Kathryn V. Marinello	For	For
Management	Approve Discharge of Martina Merz	For	For
Management	Approve Discharge of Hanne de Mora	For	For
Management	Approve Discharge of Helena Stjernholm	For	For
Management	Approve Discharge of Carl-Henric Svanberg	For	For
Management	Approve Discharge of Lars Ask (Employee Representative)	For	For
Management	Approve Discharge of Mats Henning (Employee Representative)	For	For
Management	Approve Discharge of Mikael Sallstrom (Employee Representative)	For	For
Management	Approve Discharge of Camilla Johansson (Deputy Employee Representative)	For	For
Management	Approve Discharge of Mari Larsson (Deputy Employee Representative)	For	For
Management	Approve Discharge of Martin Lundstedt (as CEO)	For	For
Management	Determine Number of Members (11) of Board	For	For
Management	Determine Number of Deputy Members (0) of Board	For	For
Management	Approve Remuneration of Directors in the Amount of SEK 3.85 Million for Chairman and SEK 1.15 Million for Other Directors except CEO; Approve Remuneration for Committee Work	For	For
Management	Reelect Matti Alahuhta as Director	For	For
Management	Elect Jan Carlson as New Director	For	Against
Management	Reelect Eric Elzvik as Director	For	For
Management	Reelect Martha Finn Brooks as Director	For	For
Management	Reelect Kurt Jofs as Director	For	For
Management	Reelect Martin Lundstedt as Director	For	For
Management	Reelect Kathryn V. Marinello as Director	For	For
Management	Reelect Martina Merz as Director	For	For
Management	Reelect Hanne de Mora as Director	For	For
Management	Reelect Helena Stjernholm as Director	For	For
Management	Reelect Carl-Henric Svenberg as Director	For	For
Management	Reelect Carl-Henric Svanberg as Board Chair	For	For
Management	Approve Remuneration of Auditors	For	For
Management	Elect Deloitte AB as Auditor	For	For
Management	Elect Par Boman to Serve on Nomination Committee	For	For
Management	Elect Anders Oscarsson to Serve on Nomination Committee	For	For
Management	Elect Magnus Billing to Serve on Nomination Committee	For	For
Management	Elect Anders Algotsson to Serve on Nomination Committee	For	For
Management	Elect Chairman of the Board to Serve on Nomination Committee	For	For
Management	Approve Remuneration Report	For	Against
Management	Approve Remuneration Policy And Other Terms of Employment For Executive Management	For	For	Vote AGAINST due to the LTIP having a performance period shorter than three years.
Share Holder	Develop a Safe Battery Box for Electric Long-Distance Trucks and Buses	None	Against	Vote AGAINST since shareholder did not provide rationale and product development decisions are best to be left within the mandate of the company.

DEUTSCHE TELEKOM AG
Ticker: DTE
Country: Germany
Provider Security ID: D2035M136
Meeting Type: Annual
Meeting Date: 07-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2021 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 0.64 per Share	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board for Fiscal Year 2021	For	For
Management	Ratify Deloitte GmbH as Auditors for Fiscal Year 2022 and for the Review of the Interim Financial Statements for Fiscal Year 2022 and First Quarter of Fiscal Year 2023	For	For
Management	Elect Frank Appel to the Supervisory Board	For	Against
Management	Elect Katja Hessel to the Supervisory Board	For	For
Management	Elect Dagmar Kollmann to the Supervisory Board	For	For
Management	Elect Stefan Wintels to the Supervisory Board	For	For
Management	Approve Creation of EUR 3.8 Billion Pool of Authorized Capital with or without Exclusion of Preemptive Rights	For	For
Management	Approve Remuneration Policy	For	For
Management	Approve Remuneration of Supervisory Board	For	For
Management	Approve Remuneration Report	For	For

NESTLE SA
Ticker: NESN
Country: Switzerland
Provider Security ID: H57312649
Meeting Type: Annual
Meeting Date: 07-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Approve Allocation of Income and Dividends of CHF 2.80 per Share	For	For
Management	Reelect Paul Bulcke as Director and Board Chairman	For	For
Management	Reelect Ulf Schneider as Director	For	For
Management	Reelect Henri de Castries as Director	For	For
Management	Reelect Renato Fassbind as Director	For	For
Management	Reelect Pablo Isla as Director	For	For
Management	Reelect Eva Cheng as Director	For	For
Management	Reelect Patrick Aebischer as Director	For	For
Management	Reelect Kimberly Ross as Director	For	For
Management	Reelect Dick Boer as Director	For	For
Management	Reelect Dinesh Paliwal as Director	For	For
Management	Reelect Hanne Jimenez de Mora as Director	For	For
Management	Reelect Lindiwe Sibanda as Director	For	For
Management	Elect Chris Leong as Director	For	For
Management	Elect Luca Maestri as Director	For	For
Management	Appoint Pablo Isla as Member of the Compensation Committee	For	For
Management	Appoint Patrick Aebischer as Member of the Compensation Committee	For	For
Management	Appoint Dick Boer as Member of the Compensation Committee	For	For
Management	Appoint Dinesh Paliwal as Member of the Compensation Committee	For	For
Management	Ratify Ernst & Young AG as Auditors	For	For
Management	Designate Hartmann Dreyer as Independent Proxy	For	For
Management	Approve Remuneration of Directors in the Amount of CHF 10 Million	For	For
Management	Approve Remuneration of Executive Committee in the Amount of CHF 68 Million	For	For
Management	Approve CHF 6.5 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repurchased Shares	For	For
Management	Transact Other Business (Voting)	Against	Against

AIRBUS SE
Ticker: AIR
Country: Netherlands
Provider Security ID: N0280G100
Meeting Type: Annual
Meeting Date: 12-Apr-22
Record Date: 15-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Discussion on Company's Corporate Governance Structure
Management	Receive Report on Business and Financial Statements
Management	Receive Explanation on Company's Dividend Policy
Management	Discussion of Agenda Items
Management	Adopt Financial Statements	For	For
Management	Approve Allocation of Income and Dividends	For	For
Management	Approve Discharge of Non-Executive Members of the Board of Directors	For	For
Management	Approve Discharge of Executive Member of the Board of Directors	For	For
Management	Ratify Ernst & Young Accountants LLP as Auditors	For	For
Management	Approve Implementation of Remuneration Policy	For	For
Management	Reelect Guillaume Faury as Executive Director	For	For
Management	Reelect Catherine Guillouard as Non-Executive Director	For	For
Management	Reelect Claudia Nemat as Non-Executive Director	For	For
Management	Elect Irene Rummelhoff as Non-Executive Director	For	For
Management	Grant Board Authority to Issue Shares Up To 0.51 Percent of Issued Capital and Exclude Preemptive Rights for the Purpose of Employee Share Ownership Plans and Share-Related Long-Term Incentive Plans	For	For
Management	Grant Board Authority to Issue Shares Up To 1.14 Percent of Issued Capital and Exclude Preemptive Rights for the Purpose of Company Funding	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Cancellation of Repurchased Shares	For	For
Management	Close Meeting

ADECCO GROUP AG
Ticker: ADEN
Country: Switzerland
Provider Security ID: H00392318
Meeting Type: Annual
Meeting Date: 13-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Allocation of Income and Dividends of CHF 1.25 per Share	For	For
Management	Approve Dividends of CHF 1.25 per Share from Capital Contribution Reserves	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Approve Remuneration of Directors in the Amount of CHF 5.1 Million	For	For
Management	Approve Remuneration of Executive Committee in the Amount of CHF 32 Million	For	For
Management	Reelect Jean-Christophe Deslarzes as Director and Board Chair	For	For
Management	Reelect Rachel Duan as Director	For	For
Management	Reelect Ariane Gorin as Director	For	For
Management	Reelect Alexander Gut as Director	For	For
Management	Reelect Didier Lamouche as Director	For	For
Management	Reelect David Prince as Director	For	For
Management	Reelect Kathleen Taylor as Director	For	For
Management	Reelect Regula Wallimann as Director	For	For
Management	Reappoint Rachel Duan as Member of the Compensation Committee	For	For
Management	Reappoint Didier Lamouche as Member of the Compensation Committee	For	For
Management	Reappoint Kathleen Taylor as Member of the Compensation Committee	For	For
Management	Designate Keller KLG as Independent Proxy	For	For
Management	Ratify Ernst & Young AG as Auditors	For	For
Management	Approve CHF 142,438.80 Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repurchased Shares	For	For
Management	Approve Renewal of CHF 840,000 Pool of Authorized Capital with or without Exclusion of Preemptive Rights	For	For
Management	Transact Other Business (Voting)	For	Against

STELLANTIS NV
Ticker: STLA
Country: Netherlands
Provider Security ID: N82405106
Meeting Type: Annual
Meeting Date: 13-Apr-22
Record Date: 16-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Receive Report of Board of Directors (Non-Voting)
Management	Receive Explanation on Company's Reserves and Dividend Policy
Management	Approve Remuneration Report	For	Against	Vote AGAINST due to potentially excessive LTI plan outcomes, lack of disclosures on former FCA CEO Mike Manley's termination package, and due to cash retention bonus to current CEO Tavares.
Management	Adopt Financial Statements and Statutory Reports	For	For
Management	Approve Dividends of EUR 1.04 Per Share	For	For
Management	Approve Discharge of Directors	For	For
Management	Ratify Ernst & Young Accountants LLP as Auditors	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Close Meeting

ANGLO AMERICAN PLC
Ticker: AAL
Country: United Kingdom
Provider Security ID: G03764134
Meeting Type: Annual
Meeting Date: 19-Apr-22
Record Date: 13-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Final Dividend	For	For
Management	Approve Special Dividend	For	For
Management	Elect Ian Tyler as Director	For	For
Management	Elect Duncan Wanblad as Director	For	For
Management	Re-elect Ian Ashby as Director	For	For
Management	Re-elect Marcelo Bastos as Director	For	For
Management	Re-elect Elisabeth Brinton as Director	For	For
Management	Re-elect Stuart Chambers as Director	For	For
Management	Re-elect Hilary Maxson as Director	For	For
Management	Re-elect Hixonia Nyasulu as Director	For	For
Management	Re-elect Nonkululeko Nyembezi as Director	For	For
Management	Re-elect Tony O'Neill as Director	For	For
Management	Re-elect Stephen Pearce as Director	For	For
Management	Reappoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Share Ownership Plan	For	For
Management	Approve Climate Change Report	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

MEDIASET ESPANA COMUNICACION SA
Ticker: TL5
Country: Spain
Provider Security ID: E7418Y101
Meeting Type: Annual
Meeting Date: 20-Apr-22
Record Date: 15-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Consolidated and Standalone Financial Statements	For	For
Management	Approve Non-Financial Information Statement	For	For
Management	Approve Allocation of Income	For	Against	A vote AGAINST the allocation of income (item 3) is warranted because it does not incorporate the paying of an ordinary dividend. The company discontinued dividends in 2020 due to the uncertain outlook for cashflows at the time. However it is clear now that the company has been able to generate a healthy level of cashflow during both 2020 and 2021, and that a dividend payment is warranted at this point, instead of cash going straight to the parent company and reserves with minority shareholders receiving nothing.
Management	Approve Discharge of Board	For	For
Management	Reelect Consuelo Crespo Bofill as Director	For	For
Management	Reelect Cristina Garmendia Mendizabal as Director	For	Against
Management	Reelect Javier Diez de Polanco as Director	For	For
Management	Reelect Fedele Confalonieri as Director	For	Against
Management	Reelect Marco Giordani as Director	For	Against
Management	Reelect Gina Nieri as Director	For	Against
Management	Reelect Niccolo Querci as Director	For	Against
Management	Reelect Borja Prado Eulate as Director	For	Against
Management	Reelect Paolo Vasile as Director	For	For
Management	Reelect Massimo Musolino as Director	For	Against
Management	Reelect Mario Rodriguez Valderas as Director	For	Against
Management	Fix Number of Directors at 11	For	For
Management	Approve Stock-for-Salary Plan	For	For
Management	Approve Co-Investment Plan	For	Against
Management	Advisory Vote on Remuneration Report	For	Against
Management	Approve Remuneration Policy	For	Against
Management	Amend Article 4 Re: Registered Office	For	For
Management	Amend Articles Re: Share Capital and Shares	For	For
Management	Amend Articles Re: Bonds and Other Securities	For	For
Management	Amend Articles Re: General Meetings	For	For
Management	Amend Articles Re: Board of Directors	For	For
Management	Amend Articles Re: Annual Corporate Governance Report and Corporate Website	For	For
Management	Amend Articles Re: Fiscal Year and Annual Accounts	For	For
Management	Approve Restated Articles of Association	For	For
Management	Amend Article 7 of General Meeting Regulations Re: Competences	For	For
Management	Amend Articles of General Meeting Regulations Re: Allow Shareholder Meetings to be Held in Virtual-Only Format	For	For
Management	Amend Articles of General Meeting Regulations Re: Holding of the General Meeting	For	For
Management	Approve Restated General Meeting Regulations	For	For
Management	Authorize Board to Ratify and Execute Approved Resolutions	For	For
Management	Receive Amendments to Board of Directors Regulations
Management	Receive Information on the Voluntary Public Offer for the Acquisition of Shares of Mediaset Espana ComunicaciOn SA Announced by MFE-MEDIAFOREUROPE NV

RELX PLC
Ticker: REL
Country: United Kingdom
Provider Security ID: G7493L105
Meeting Type: Annual
Meeting Date: 21-Apr-22
Record Date: 19-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Re-elect Paul Walker as Director	For	For
Management	Re-elect June Felix as Director	For	For
Management	Re-elect Erik Engstrom as Director	For	For
Management	Re-elect Wolfhart Hauser as Director	For	For
Management	Re-elect Charlotte Hogg as Director	For	For
Management	Re-elect Marike van Lier Lels as Director	For	For
Management	Re-elect Nick Luff as Director	For	For
Management	Re-elect Robert MacLeod as Director	For	For
Management	Re-elect Andrew Sukawaty as Director	For	For
Management	Re-elect Suzanne Wood as Director	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

ING GROEP NV
Ticker: INGA
Country: Netherlands
Provider Security ID: N4578E595
Meeting Type: Annual
Meeting Date: 25-Apr-22
Record Date: 28-Mar-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Receive Report of Management Board (Non-Voting)
Management	Receive Announcements on Sustainability
Management	Receive Report of Supervisory Board (Non-Voting)
Management	Approve Remuneration Report	For	For
Management	Adopt Financial Statements and Statutory Reports	For	For
Management	Receive Explanation on Profit Retention and Distribution Policy
Management	Approve Dividends of EUR 0.62 Per Share	For	For
Management	Approve Discharge of Management Board	For	For
Management	Approve Discharge of Supervisory Board	For	For
Management	Amendment of Supervisory Board Profile
Management	Grant Board Authority to Issue Shares	For	For
Management	Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital and Restrict/Exclude Preemptive Rights	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Reduction in Share Capital through Cancellation of Shares	For	For
Management	Amend Articles to Reflect Changes in Capital	For	For
Management	Approve Cancellation of Repurchased Shares Pursuant to the Authority under item 7	For	For

DANONE SA
Ticker: BN
Country: France
Provider Security ID: F12033134
Meeting Type: Annual/Special
Meeting Date: 26-Apr-22
Record Date: 22-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 1.94 per Share	For	For
Management	Ratify Appointment of Valerie Chapoulaud-Floquet as Director	For	For
Management	Elect Antoine de Saint-Afrique as Director	For	For
Management	Elect Patrice Louvet as Director	For	For
Management	Elect Geraldine Picaud as Director	For	For
Management	Elect Susan Roberts as Director	For	For
Management	Renew Appointment of Ernst & Young Audit as Auditor	For	For
Management	Appoint Mazars & Associes as Auditor	For	For
Management	Approve Transaction with Veronique Penchienati-Bosetta	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Veronique Penchienati-Bosseta, CEO From March 14 to September 14, 2021	For	For
Management	Approve Compensation of Shane Grant, Vice-CEO From March 14 to September 14, 2021	For	For
Management	Approve Compensation of Antoine de Saint-Afrique, CEO Since 15 September 2021	For	For
Management	Approve Compensation of Gilles Schnepp, Chairman of the Board Since 14 March 2021	For	For
Management	Approve Remuneration Policy of Executive Corporate Officers	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries	For	For
Management	Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plans with Performance Conditions Attached	For	For
Management	Authorize up to 0.2 Percent of Issued Capital for Use in Restricted Stock Plans	For	For
Management	Amend Article 19.2 of Bylaws Re: Age Limit of CEO and Vice-CEO	For	For
Management	Amend Article 18.1 of Bylaws Re: Age Limit of Chairman of the Board	For	For
Management	Amend Article 17 of Bylaws Re: Shares Held by Directors	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For
Share Holder	Amend Article 18 of Bylaws: Role of Honorary Chairman	Against	Against	Vote AGAINST as we do not believe this proposal to be in the interest of shareholders.

PERSIMMON PLC
Ticker: PSN
Country: United Kingdom
Provider Security ID: G70202109
Meeting Type: Annual
Meeting Date: 27-Apr-22
Record Date: 25-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Re-elect Roger Devlin as Director	For	For
Management	Re-elect Dean Finch as Director	For	For
Management	Re-elect Nigel Mills as Director	For	For
Management	Re-elect Simon Litherland as Director	For	For
Management	Re-elect Joanna Place as Director	For	For
Management	Re-elect Annemarie Durbin as Director	For	For
Management	Re-elect Andrew Wyllie as Director	For	For
Management	Elect Shirine Khoury-Haq as Director	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

SANDVIK AKTIEBOLAG
Ticker: SAND
Country: Sweden
Provider Security ID: W74857165
Meeting Type: Annual
Meeting Date: 27-Apr-22
Record Date: 19-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Elect Chairman of Meeting	For	For
Management	Prepare and Approve List of Shareholders	For	For
Management	Designate Inspector(s) of Minutes of Meeting	For	For
Management	Approve Agenda of Meeting	For	For
Management	Acknowledge Proper Convening of Meeting	For	For
Management	Receive President's Report
Management	Receive Financial Statements and Statutory Reports
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Discharge of Johan Molin	For	For
Management	Approve Discharge of Jennifer Allerton	For	For
Management	Approve Discharge of Claes Boustedt	For	For
Management	Approve Discharge of Marika Fredriksson	For	For
Management	Approve Discharge of Andreas Nordbrandt	For	For
Management	Approve Discharge of Helena Stjernholm	For	For
Management	Approve Discharge of Stefan Widing	For	For
Management	Approve Discharge of Kai Warn	For	For
Management	Approve Discharge of Johan Karlstrom	For	For
Management	Approve Discharge of Thomas Karnstrom	For	For
Management	Approve Discharge of Thomas Lilja	For	For
Management	Approve Discharge of Thomas Andersson	For	For
Management	Approve Discharge of Erik Knebel	For	For
Management	Approve Allocation of Income and Dividends of SEK 4.75 Per Share	For	For
Management	Approve Distribution of Shares in Subsidiary Sandvik Materials Technology Holding AB to Shareholders	For	For
Management	Determine Number of Directors (8) and Deputy Directors (0) of Board; Determine Number of Auditors (1) and Deputy Auditors	For	For
Management	Approve Remuneration of Directors in the Amount of SEK 2.75 Million for Chairman and SEK 740,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration for Auditor	For	For
Management	Reelect Jennifer Allerton as Director	For	For
Management	Reelect Claes Boustedt as Director	For	For
Management	Reelect Marika Fredriksson as Director	For	For
Management	Reelect Johan Molin as Director	For	For
Management	Reelect Andreas Nordbrandt as Director	For	For
Management	Reelect Helena Stjernholm as Director	For	For
Management	Reelect Stefan Widing as Director	For	For
Management	Reelect Kai Warn as Director	For	For
Management	Reelect Johan Molin as Chair of the Board	For	For
Management	Ratify PricewaterhouseCoopers as Auditors	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Performance Share Matching Plan for Key Employees	For	Against	Vote AGAINST because the performance period of the plan is shorter than three years.
Management	Authorize Share Repurchase Program	For	For
Management	Amend Articles Re: Board-Related	For	For
Management	Close Meeting

AXA SA
Ticker: CS
Country: France
Provider Security ID: F06106102
Meeting Type: Annual/Special
Meeting Date: 28-Apr-22
Record Date: 26-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 1.54 per Share	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Denis Duverne, Chairman of the Board	For	For
Management	Approve Compensation of Thomas Buberl, CEO	For	For
Management	Approve Remuneration Policy of CEO	For	Against	Vote AGAINST because the rationale supporting the increase of the pay package is not compelling; furthermore, transparency on the bonus individual performance criteria is below best market standards and the policy maintains the possibility of a post-mandate vesting of awards, with no information on the application of a pro-rata principle.
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions	For	For
Management	Reelect Thomas Buberl as Director	For	For
Management	Reelect Rachel Duan as Director	For	For
Management	Reelect Andre Francois-Poncet as Director	For	For
Management	Ratify Appointment of Clotilde Delbos as Director	For	For
Management	Elect Gerald Harlin as Director	For	For
Management	Elect Rachel Picard as Director	For	For
Management	Appoint Ernst & Young Audit as Auditor	For	For
Management	Appoint Picarle et Associes as Alternate Auditor	For	For
Management	Approve Remuneration of Directors in the Aggregate Amount of EUR 2.1 Million	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of the Group's Subsidiaries	For	For
Management	Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans with Performance Conditions Attached	For	For
Management	Authorize up to 0.40 Percent of Issued Capital for Use in Restricted Stock Plans Reserved for Pension Contribution	For	For
Management	Authorize Decrease in Share Capital via Cancellation of Repurchased Shares	For	For
Management	Amend Article 10 of Bylaws Re: Directors Length of Term	For	For
Management	Amend Article 3 of Bylaws Re: Corporate Purpose	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

TELE2 AB
Ticker: TEL2.B
Country: Sweden
Provider Security ID: W95878166
Meeting Type: Annual
Meeting Date: 28-Apr-22
Record Date: 20-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Elect Chairman of Meeting	For	For
Management	Prepare and Approve List of Shareholders
Management	Approve Agenda of Meeting	For	For
Management	Designate Inspector(s) of Minutes of Meeting
Management	Acknowledge Proper Convening of Meeting	For	For
Management	Receive President's Report
Management	Receive CEO's Report
Management	Receive Financial Statements and Statutory Reports
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Ordinary Dividends of SEK 6.75 Per Share	For	For
Management	Approve Extraordinary Dividends of EUR 13 Per Share	For	For
Management	Approve Discharge of Carla Smits-Nusteling	For	For
Management	Approve Discharge of Andrew Barron	For	For
Management	Approve Discharge of Stina Bergfors	For	For
Management	Approve Discharge of Anders Bjorkman	For	For
Management	Approve Discharge of Georgi Ganev	For	For
Management	Approve Discharge of Cynthia Gordon	For	For
Management	Approve Discharge of CEO Kjell Johnsen	For	For
Management	Approve Discharge of Sam Kini	For	For
Management	Approve Discharge of Eva Lindqvist	For	For
Management	Approve Discharge of Lars-Ake Norling	For	For
Management	Determine Number of Members (7) and Deputy Members (0) of Board	For	For
Management	Approve Remuneration of Directors in the Amount of SEK 1.8 Million for Chair, SEK 900,000 for Deputy Chair and SEK 660,000 for Other Directors; Approve Remuneration of Committee Work	For	For
Management	Approve Remuneration of Auditors	For	For
Management	Reelect Andrew Barron as Director	For	For
Management	Reelect Stina Bergfors as Director	For	For
Management	Reelect Georgi Ganev as Director	For	For
Management	Reelect Sam Kini as Director	For	For
Management	Reelect Eva Lindqvist as Director	For	For
Management	Reelect Lars-Ake Norling as Director	For	For
Management	Reelect Carla Smits-Nusteling as Director	For	For
Management	Reelect Carla Smits-Nusteling as Board Chair	For	For
Management	Determine Number of Auditors (1) and Deputy Auditors (0)	For	For
Management	Ratify Deloitte as Auditors	For	For
Management	Approve Remuneration Report	For	For	Vote AGAINST because the company has this year again introduced a one-off award on top of the short-term annual bonus which also constitutes as a deviation from its remuneration policy.
Management	Approve Performance Share Matching Plan LTI 2022	For	For
Management	Approve Equity Plan Financing Through Issuance of Class C Shares	For	For
Management	Approve Equity Plan Financing Through Repurchase of Class C Shares	For	For
Management	Approve Equity Plan Financing Through Transfer of Class B Shares to Participants	For	For
Management	Approve Equity Plan Financing Through Reissuance of Class B Shares	For	For
Management	Authorize Share Swap Agreement	For	Against	Vote AGAINST as it would entail unnecessary additional costs relative to Item 19d, while lowering the majority requirement compared to the primary financing alternative.
Management	Authorize Share Repurchase Program	For	For
Share Holder	Investigate if Current Board Members and Leadership Team Fulfil Relevant Legislative and Regulatory Requirements, as well as the Demands of the Public Opinions' Ethical Values	None	Against	Vote AGAINST as there are no apparent legal or regulatory concerns within the management of the company.
Share Holder	In the Event that the Investigation Clarifies that there is Need, Relevant Measures Shall be Taken to Ensure that the Requirements are Fulfilled	None	Against	Vote AGAINST as there are no apparent legal or regulatory concerns within the management of the company.
Share Holder	The Investigation and Any Measures Should be Presented as soon as possible, however Not Later than AGM 2023	None	Against	Vote AGAINST as there are no apparent legal or regulatory concerns within the management of the company.
Management	Close Meeting

ASTRAZENECA PLC
Ticker: AZN
Country: United Kingdom
Provider Security ID: G0593M107
Meeting Type: Annual
Meeting Date: 29-Apr-22
Record Date: 27-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Dividends	For	For
Management	Reappoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Re-elect Leif Johansson as Director	For	For
Management	Re-elect Pascal Soriot as Director	For	For
Management	Elect Aradhana Sarin as Director	For	For
Management	Re-elect Philip Broadley as Director	For	For
Management	Re-elect Euan Ashley as Director	For	For
Management	Re-elect Michel Demare as Director	For	For
Management	Re-elect Deborah DiSanzo as Director	For	For
Management	Re-elect Diana Layfield as Director	For	For
Management	Re-elect Sheri McCoy as Director	For	For
Management	Re-elect Tony Mok as Director	For	For
Management	Re-elect Nazneen Rahman as Director	For	For
Management	Elect Andreas Rummelt as Director	For	For
Management	Re-elect Marcus Wallenberg as Director	For	For
Management	Approve Remuneration Report	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Approve Savings Related Share Option Scheme	For	For

BAYER AG
Ticker: BAYN
Country: Germany
Provider Security ID: D0712D163
Meeting Type: Annual
Meeting Date: 29-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 2.00 per Share for Fiscal Year 2021	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board for Fiscal Year 2021	For	For
Management	Reelect Paul Achleitner to the Supervisory Board	For	For
Management	Reelect Norbert Bischofberger to the Supervisory Board	For	For
Management	Reelect Colleen Goggins to the Supervisory Board	For	For
Management	Approve Remuneration Report	For	Against	Vote AGAINST due to amendments to short-term incentive components, resulting in payouts that do not accurately reflect company performance, legacy contribution-based pension entitlements resulting in pension contributions/service costs that can be considered excessive and are not aligned with the wider workforce or market practice, and targets and performance metrics under the LTI not sufficiently challenging.
Management	Approve Affiliation Agreement with Bayer Chemicals GmbH	For	For
Management	Ratify Deloitte GmbH as Auditors for Fiscal Year 2022	For	For

MERCEDES-BENZ GROUP AG
Ticker: MBG
Country: Germany
Provider Security ID: D1668R123
Meeting Type: Annual
Meeting Date: 29-Apr-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2021 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 5.00 per Share	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2021	For	Against
Management	Approve Discharge of Supervisory Board for Fiscal Year 2021	For	Against
Management	Ratify KPMG AG as Auditors for Fiscal Year 2022	For	For
Management	Ratify KPMG AG as Auditors for the 2023 Interim Financial Statements until the 2023 AGM	For	For
Management	Elect Dame Courtice to the Supervisory Board	For	For
Management	Elect Marco Gobbetti to the Supervisory Board	For	For
Management	Approve Remuneration Report	For	For

SANOFI
Ticker: SAN
Country: France
Provider Security ID: F5548N101
Meeting Type: Annual/Special
Meeting Date: 03-May-22
Record Date: 29-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 3.33 per Share	For	For
Management	Reelect Paul Hudson as Director	For	For
Management	Reelect Christophe Babule as Director	For	For
Management	Reelect Patrick Kron as Director	For	For
Management	Reelect Gilles Schnepp as Director	For	For
Management	Elect Carole Ferrand as Director	For	For
Management	Elect Emile Voest as Director	For	For
Management	Elect Antoine Yver as Director	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Serge Weinberg, Chairman of the Board	For	For
Management	Approve Compensation of Paul Hudson, CEO	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of CEO	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Amend Article 25 of Bylaws Re: Dividends	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

GLAXOSMITHKLINE PLC
Ticker: GSK
Country: United Kingdom
Provider Security ID: G3910J112
Meeting Type: Annual
Meeting Date: 04-May-22
Record Date: 29-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Remuneration Policy	For	Against	Vote AGAINST because the Company is seeking to increase bonus opportunity from 2x to 3x. salary. The amplified bonus opportunity would create the highest bonus potential, as a multiple of salary, for any company in the FTSE 10.
Management	Elect Anne Beal as Director	For	For
Management	Elect Harry Dietz as Director	For	For
Management	Re-elect Sir Jonathan Symonds as Director	For	For
Management	Re-elect Dame Emma Walmsley as Director	For	For
Management	Re-elect Charles Bancroft as Director	For	For
Management	Re-elect Vindi Banga as Director	For	For
Management	Re-elect Hal Barron as Director	For	For
Management	Re-elect Dame Vivienne Cox as Director	For	For
Management	Re-elect Lynn Elsenhans as Director	For	For
Management	Re-elect Laurie Glimcher as Director	For	For
Management	Re-elect Jesse Goodman as Director	For	For
Management	Re-elect Iain Mackay as Director	For	For
Management	Re-elect Urs Rohner as Director	For	For
Management	Reappoint Deloitte LLP as Auditors	For	For
Management	Authorise the Audit & Risk Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors' Reports	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Approve Share Save Plan	For	For
Management	Approve Share Reward Plan	For	For
Management	Adopt New Articles of Association	For	For

HOLCIM LTD.
Ticker: HOLN
Country: Switzerland
Provider Security ID: H3816Q102
Meeting Type: Annual
Meeting Date: 04-May-22
Record Date:

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Approve Allocation of Income	For	For
Management	Approve Dividends of CHF 2.20 per Share from Capital Contribution Reserves	For	For
Management	Reelect Beat Hess as Director and Board Chair	For	For
Management	Reelect Philippe Block as Director	For	For
Management	Reelect Kim Fausing as Director	For	For
Management	Reelect Jan Jenisch as Director	For	For
Management	Reelect Naina Kidwai as Director	For	For
Management	Reelect Patrick Kron as Director	For	For
Management	Reelect Juerg Oleas as Director	For	For
Management	Reelect Claudia Ramirez as Director	For	For
Management	Reelect Hanne Sorensen as Director	For	For
Management	Elect Leanne Geale as Director	For	For
Management	Elect Ilias Laeber as Director	For	For
Management	Reappoint Claudia Ramirez as Member of the Nomination, Compensation and Governance Committee	For	For
Management	Reappoint Hanne Sorensen as Member of the Nomination, Compensation and Governance Committee	For	For
Management	Appoint Ilias Laeber as Member of the Nomination, Compensation and Governance Committee	For	For
Management	Appoint Juerg Oleas as Member of the Nomination, Compensation and Governance Committee	For	For
Management	Ratify Ernst & Young AG as Auditors	For	For
Management	Designate Sabine Burkhalter Kaimakliotis as Independent Proxy	For	For
Management	Approve Remuneration of Directors in the Amount of CHF 5 Million	For	For
Management	Approve Remuneration of Executive Committee in the Amount of CHF 42.5 Million	For	For
Management	Approve Climate Report	For	For
Management	Transact Other Business (Voting)	For	Against

UNILEVER PLC
Ticker: ULVR
Country: United Kingdom
Provider Security ID: G92087165
Meeting Type: Annual
Meeting Date: 04-May-22
Record Date: 02-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Re-elect Nils Andersen as Director	For	For
Management	Re-elect Judith Hartmann as Director	For	For
Management	Re-elect Alan Jope as Director	For	For
Management	Re-elect Andrea Jung as Director	For	For
Management	Re-elect Susan Kilsby as Director	For	For
Management	Re-elect Strive Masiyiwa as Director	For	For
Management	Re-elect Youngme Moon as Director	For	For
Management	Re-elect Graeme Pitkethly as Director	For	For
Management	Re-elect Feike Sijbesma as Director	For	For
Management	Elect Adrian Hennah as Director	For	For
Management	Elect Ruby Lu as Director	For	For
Management	Reappoint KPMG LLP as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

REPSOL SA
Ticker: REP
Country: Spain
Provider Security ID: E8471S130
Meeting Type: Annual
Meeting Date: 05-May-22
Record Date: 29-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Consolidated and Standalone Financial Statements	For	For
Management	Approve Allocation of Income and Dividends	For	For
Management	Approve Non-Financial Information Statement	For	For
Management	Approve Discharge of Board	For	For
Management	Renew Appointment of PricewaterhouseCoopers as Auditor	For	For
Management	Approve Dividends Charged Against Reserves	For	For
Management	Approve Reduction in Share Capital via Amortization of Treasury Shares	For	For
Management	Approve Reduction in Share Capital via Amortization of Treasury Shares	For	For
Management	Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 10 Percent	For	For
Management	Authorize Share Repurchase Program	For	For
Management	Reelect Maria del Carmen Ganyet i Cirera as Director	For	For
Management	Reelect Ignacio Martin San Vicente as Director	For	For
Management	Ratify Appointment of and Elect Emiliano Lopez Achurra as Director	For	For
Management	Ratify Appointment of and Elect Jose Ivan Marten Uliarte as Director	For	For
Management	Advisory Vote on Remuneration Report	For	For
Management	Approve Long-Term Incentive Plan	For	For
Management	Advisory Vote on Company's Climate Strategy	For	For
Management	Authorize Board to Ratify and Execute Approved Resolutions	For	For

SCHNEIDER ELECTRIC SE
Ticker: SU
Country: France
Provider Security ID: F86921107
Meeting Type: Annual/Special
Meeting Date: 05-May-22
Record Date: 03-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 2.90 per Share	For	For
Management	Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions	For	For
Management	Renew Appointment of Mazars as Auditor	For	For
Management	Appoint PricewaterhouseCoopers Audit as Auditor	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Jean-Pascal Tricoire, Chairman and CEO	For	For
Management	Approve Remuneration Policy of Chairman and CEO	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Reelect Linda Knoll as Director	For	For
Management	Reelect Anders Runevad as Director	For	For
Management	Elect Nivedita Krishnamurthy (Nive) Bhagat as Director	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plans	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries	For	For
Management	Approve Merger by Absorption of IGE+XAO by Schneider	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

DIRECT LINE INSURANCE GROUP PLC
Ticker: DLG
Country: United Kingdom
Provider Security ID: G2871V114
Meeting Type: Annual
Meeting Date: 10-May-22
Record Date: 06-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Final Dividend	For	For
Management	Elect Tracy Corrigan as Director	For	For
Management	Re-elect Danuta Gray as Director	For	For
Management	Re-elect Mark Gregory as Director	For	For
Management	Re-elect Penny James as Director	For	For
Management	Re-elect Sebastian James as Director	For	For
Management	Re-elect Adrian Joseph as Director	For	For
Management	Elect Neil Manser as Director	For	For
Management	Re-elect Fiona McBain as Director	For	For
Management	Re-elect Gregor Stewart as Director	For	For
Management	Re-elect Richard Ward as Director	For	For
Management	Reappoint Deloitte LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Authorise Issue of Equity in Relation to an Issue of RT1 Instruments	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Relation to an Issue of RT1 Instruments	For	For

TELENOR ASA
Ticker: TEL
Country: Norway
Provider Security ID: R21882106
Meeting Type: Annual
Meeting Date: 11-May-22
Record Date: 04-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Registration of Attending Shareholders and Proxies
Management	Approve Notice of Meeting and Agenda	For	Do Not Vote
Management	Designate Inspector(s) of Minutes of Meeting
Management	Receive Chairman's Report
Management	Accept Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 9.30 Per Share	For	Do Not Vote
Management	Approve Remuneration of Auditors	For	Do Not Vote
Share Holder	Authorize Investigation About Firm's Processes and Procedures in Connection with Ongoing Fiber Development	Against	Do Not Vote
Management	Approve Company's Corporate Governance Statement	For	Do Not Vote
Management	Approve Remuneration Policy And Other Terms of Employment For Executive Management	For	Do Not Vote
Management	Approve Remuneration Statement	For	Do Not Vote
Management	Approve Equity Plan Financing Through Repurchase of Shares	For	Do Not Vote
Management	Elect Lars Tonsgaard as Member of Nominating Committee	For	Do Not Vote
Management	Elect Heidi Algarheim as Member of Nominating Committee	For	Do Not Vote
Management	Approve Remuneration of Corporate Assembly and Nominating Committee	For	Do Not Vote
Management	Close Meeting

BNP PARIBAS SA
Ticker: BNP
Country: France
Provider Security ID: F1058Q238
Meeting Type: Annual/Special
Meeting Date: 17-May-22
Record Date: 13-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 3.67 per Share	For	For
Management	Approve Auditors' Special Report on Related-Party Transactions	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Reelect Jean Laurent Bonnafe as Director	For	For
Management	Reelect Marion Guillou as Director	For	For
Management	Reelect Michel Tilmant as Director	For	For
Management	Elect Lieve Logghe as Director	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of CEO and Vice-CEOs	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Compensation of Jean Lemierre, Chairman of the Board	For	For
Management	Approve Compensation of Jean-Laurent Bonnafe, CEO	For	For
Management	Approve Compensation of Philippe Bordenave, Vice-CEO Until 18 May 2021	For	For
Management	Approve Compensation of Yann Gerardin, Vice-CEO Since 18 May 2021	For	For
Management	Approve Compensation of Thierry Laborde, Vice-CEO Since 18 May 2021	For	For
Management	Approve the Overall Envelope of Compensation of Certain Senior Management, Responsible Officers and the Risk-takers	For	For
Management	Approve Remuneration of Directors in the Aggregate Amount of EUR 1.54 Million	For	For
Management	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 985 Million	For	For
Management	Authorize Capital Increase of Up to EUR 240 Million for Future Exchange Offers	For	For
Management	Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind	For	For
Management	Set Total Limit for Capital Increase to Result from Issuance Requests Under Items 22 and 23 at EUR 240 Million	For	For
Management	Authorize Capitalization of Reserves of Up to EUR 985 Million for Bonus Issue or Increase in Par Value	For	For
Management	Set Total Limit for Capital Increase to Result from Issuance Requests Under Items 21 and 23 at EUR 985 Million	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans	For	For
Management	Authorize Decrease in Share Capital via Cancellation of Repurchased Shares	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

AMUNDI SA
Ticker: AMUN
Country: France
Provider Security ID: F0300Q103
Meeting Type: Annual
Meeting Date: 18-May-22
Record Date: 16-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 4.10 per Share	For	For
Management	Approve Transaction with Valerie Baudson and Amundi Asset Management	For	For
Management	Approve Transaction with Credit Agricole SA	For	For
Management	Approve Compensation Report	For	For
Management	Approve Compensation of Yves Perrier, CEO From 1 January 2021 to 10 May 2021	For	For
Management	Approve Compensation of Yves Perrier, Chairman of the Board Since 11 May 2021	For	For
Management	Approve Compensation of Valerie Baudson, CEO Since 11 May 2021	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of CEO	For	For
Management	Approve Remuneration Policy of Vice-CEO	For	For
Management	Advisory Vote on the Aggregate Remuneration Granted in 2021 to Senior Management, Responsible Officers and Regulated Risk-Takers	For	For
Management	Ratify Appointment of Christine Gandon as Director	For	Against
Management	Reelect Yves Perrier as Director	For	Against
Management	Reelect Xavier Musca as Director	For	Against
Management	Reelect Virginie Cayatte as Director	For	For
Management	Reelect Robert Leblanc as Director	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Company's Climate Transition Plan	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

SAMPO OYJ
Ticker: SAMPO
Country: Finland
Provider Security ID: X75653109
Meeting Type: Annual
Meeting Date: 18-May-22
Record Date: 06-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Call the Meeting to Order
Management	Designate Inspector or Shareholder Representative(s) of Minutes of Meeting
Management	Acknowledge Proper Convening of Meeting
Management	Prepare and Approve List of Shareholders
Management	Receive Financial Statements and Statutory Reports; Receive Board's Report; Receive Auditor's Report
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 4.10 Per Share	For	For
Management	Approve Discharge of Board and President	For	For
Management	Approve Remuneration Report (Advisory Vote)	For	For
Management	Approve Remuneration of Directors in the Amount of EUR 190,000 for Chair and EUR 98,000 for Other Directors; Approve Remuneration for Committee Work	For	For
Management	Fix Number of Directors at Nine	For	For
Management	Reelect Christian Clausen, Fiona Clutterbuck, Georg Ehrnrooth, Jannica Fagerholm, Johanna Lamminen, Risto Murto, Markus Rauramo and Bjorn Wahlroos as Directors; Elect Steven Langan as New Director	For	For
Management	Approve Remuneration of Auditors	For	For
Management	Ratify Deloitte as Auditors	For	For
Management	Authorize Share Repurchase Program	For	For
Management	Close Meeting

SAP SE
Ticker: SAP
Country: Germany
Provider Security ID: D66992104
Meeting Type: Annual
Meeting Date: 18-May-22
Record Date: 26-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Receive Financial Statements and Statutory Reports for Fiscal Year 2021 (Non-Voting)
Management	Approve Allocation of Income and Dividends of EUR 1.95 per Share and Special Dividends of EUR 0.50 per Share	For	For
Management	Approve Discharge of Management Board for Fiscal Year 2021	For	For
Management	Approve Discharge of Supervisory Board for Fiscal Year 2021	For	For
Management	Ratify KPMG AG as Auditors for Fiscal Year 2022	For	For
Management	Ratify BDO AG as Auditors for Fiscal Year 2023	For	For
Management	Approve Remuneration Report	For	For
Management	Elect Hasso Plattner to the Supervisory Board	For	For
Management	Elect Rouven Westphal to the Supervisory Board	For	For
Management	Elect Gunnar Wiedenfels to the Supervisory Board	For	For
Management	Elect Jennifer Xin-Zhe Li to the Supervisory Board	For	For
Management	Approve Remuneration of Supervisory Board	For	For

VISTRY GROUP PLC
Ticker: VTY
Country: United Kingdom
Provider Security ID: G9424B107
Meeting Type: Annual
Meeting Date: 18-May-22
Record Date: 16-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Remuneration Policy	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Ralph Findlay as Director	For	For
Management	Re-elect Margaret Browne as Director	For	For
Management	Re-elect Nigel Keen as Director	For	For
Management	Re-elect Katherine Innes Ker as Director	For	For
Management	Re-elect Gregory Fitzgerald as Director	For	For
Management	Re-elect Earl Sibley as Director	For	For
Management	Re-elect Graham Prothero as Director	For	For
Management	Elect Ashley Steel as Director	For	For
Management	Reappoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Approve Deferred Bonus Plan	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For

ENEL SPA
Ticker: ENEL
Country: Italy
Provider Security ID: T3679P115
Meeting Type: Annual
Meeting Date: 19-May-22
Record Date: 10-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income	For	For
Management	Authorize Share Repurchase Program and Reissuance of Repurchased Shares	For	For
Share Holder	Slate 1 Submitted by Ministry of the Economy and Finance	None	For
Share Holder	Slate 2 Submitted by Institutional Investors (Assogestioni)	None	Against	Vote AGAINST because shareholders can support only one slate. All proposed candidates under both slates possess the professional experience to fulfill their role of statutory auditors. Supporting Slate 1 will ensure that the chairman of the statutory auditor board is appointed from Slate 2.
Share Holder	Approve Internal Statutory Auditors' Remuneration	None	For
Management	Approve Long Term Incentive Plan	For	For
Management	Approve Remuneration Policy	For	For
Management	Approve Second Section of the Remuneration Report	For	For
Management	Deliberations on Possible Legal Action Against Directors if Presented by Shareholders	None	Against

NN GROUP NV
Ticker: NN
Country: Netherlands
Provider Security ID: N64038107
Meeting Type: Annual
Meeting Date: 19-May-22
Record Date: 21-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Receive Annual Report
Management	Approve Remuneration Report	For	For
Management	Adopt Financial Statements and Statutory Reports	For	For
Management	Receive Explanation on Company's Reserves and Dividend Policy
Management	Approve Dividends of EUR 1.56 Per Share	For	For
Management	Approve Discharge of Executive Board	For	For
Management	Approve Discharge of Supervisory Board	For	For
Management	Announce Intention to Appoint Annemiek van Melick to Executive Board
Management	Announce Intention to Reappoint Delfin Rueda to Executive Board
Management	Reelect David Cole to Supervisory Board	For	For
Management	Reelect Hans Schoen to Supervisory Board	For	For
Management	Elect Pauline van der Meer Mohr to Supervisory Board	For	For
Management	Ratify KPMG Accountants N.V. as Auditors	For	For
Management	Grant Board Authority to Issue Ordinary Shares Up To 10 Percent of Issued Capital	For	For
Management	Authorize Board to Exclude Preemptive Rights from Share Issuances	For	For
Management	Grant Board Authority to Issue Shares Up To 20 Percent of Issued Capital in Connection with a Rights Issue	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Reduction in Share Capital through Cancellation of Shares	For	For
Management	Close Meeting

ST. JAMES'S PLACE PLC
Ticker: STJ
Country: United Kingdom
Provider Security ID: G5005D124
Meeting Type: Annual
Meeting Date: 19-May-22
Record Date: 17-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Final Dividend	For	For
Management	Re-elect Andrew Croft as Director	For	For
Management	Re-elect Craig Gentle as Director	For	For
Management	Re-elect Emma Griffin as Director	For	For
Management	Re-elect Rosemary Hilary as Director	For	For
Management	Re-elect Simon Jeffreys as Director	For	For
Management	Re-elect Roger Yates as Director	For	For
Management	Re-elect Lesley-Ann Nash as Director	For	For
Management	Re-elect Paul Manduca as Director	For	For
Management	Elect John Hitchins as Director	For	For
Management	Approve Remuneration Report	For	For
Management	Reappoint PricewaterhouseCoopers LLP (PwC) as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

ROYAL DUTCH SHELL PLC
Ticker: SHEL
Country: United Kingdom
Provider Security ID: G80827101
Meeting Type: Annual
Meeting Date: 24-May-22
Record Date: 20-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Elect Sinead Gorman as Director	For	For
Management	Re-elect Ben van Beurden as Director	For	For
Management	Re-elect Dick Boer as Director	For	For
Management	Re-elect Neil Carson as Director	For	For
Management	Re-elect Ann Godbehere as Director	For	For
Management	Re-elect Euleen Goh as Director	For	For
Management	Re-elect Jane Lute as Director	For	For
Management	Re-elect Catherine Hughes as Director	For	For
Management	Re-elect Martina Hund-Mejean as Director	For	For
Management	Re-elect Sir Andrew Mackenzie as Director	For	For
Management	Re-elect Abraham Schot as Director	For	For
Management	Reappoint Ernst & Young LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise Off-Market Purchase of Ordinary Shares	For	For
Management	Approve the Shell Energy Transition Progress Update	For	For
Share Holder	Request Shell to Set and Publish Targets for Greenhouse Gas (GHG) Emissions	Against	Against

ASR NEDERLAND NV
Ticker: ASRNL
Country: Netherlands
Provider Security ID: N0709G103
Meeting Type: Annual
Meeting Date: 25-May-22
Record Date: 27-Apr-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Receive Report of Executive Board (Non-Voting)
Management	Receive Report of Supervisory Board (Non-Voting)
Management	Discussion on Company's Corporate Governance Structure
Management	Approve Remuneration Report	For	For
Management	Adopt Financial Statements and Statutory Reports	For	For
Management	Receive Explanation on Company's Reserves and Dividend Policy
Management	Approve Dividends of EUR 2.42 Per Share	For	For
Management	Approve Discharge of Executive Board	For	For
Management	Approve Discharge of Supervisory Board	For	For
Management	Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital	For	For
Management	Authorize Board to Exclude Preemptive Rights from Share Issuances	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Cancellation of Repurchased Shares	For	For
Management	Reelect Sonja Barendregt to Supervisory Board	For	For
Management	Allow Questions
Management	Close Meeting

M&G PLC
Ticker: MNG
Country: United Kingdom
Provider Security ID: G6107R102
Meeting Type: Annual
Meeting Date: 25-May-22
Record Date: 23-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Elect Edward Braham as Director	For	For
Management	Elect Kathryn McLeland as Director	For	For
Management	Elect Debasish Sanyal as Director	For	For
Management	Re-elect John Foley as Director	For	For
Management	Re-elect Clive Adamson as Director	For	For
Management	Re-elect Clare Chapman as Director	For	For
Management	Re-elect Fiona Clutterbuck as Director	For	For
Management	Re-elect Clare Thompson as Director	For	For
Management	Re-elect Massimo Tosato as Director	For	For
Management	Appoint PricewaterhouseCoopers LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Approve Climate Transition Plan and Climate-Related Financial Disclosure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity in Connection with the Issue of Mandatory Convertible Securities	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with the Issue of Mandatory Convertible Securities	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

TOTALENERGIES SE
Ticker: TTE
Country: France
Provider Security ID: F92124100
Meeting Type: Annual/Special
Meeting Date: 25-May-22
Record Date: 23-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 2.64 per Share	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions	For	For
Management	Reelect Lise Croteau as Director	For	For
Management	Reelect Maria van der Hoeven as Director	For	For
Management	Reelect Jean Lemierre as Director	For	For
Management	Elect Emma De Jonge as Representative of Employee Shareholders to the Board	For	For
Management	Elect Marina Delendik as Representative of Employee Shareholders to the Board	Against	Against
Management	Elect Alexandre Garrot as Representative of Employee Shareholders to the Board	Against	Against
Management	Elect Agueda Marin as Representative of Employee Shareholders to the Board	Against	Against
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Approve Compensation of Patrick Pouyanne, Chairman and CEO	For	For
Management	Approve Remuneration Policy of Chairman and CEO	For	For
Management	Renew Appointment of Ernst & Young Audit as Auditor	For	For
Management	Appoint Cabinet PricewaterhouseCoopers Audit as Auditor	For	For
Management	Approve Company's Sustainability and Climate Transition Plan	For	For
Management	Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights and/or Capitalization of Reserves for Bonus Issue or Increase in Par Value, up to Aggregate Nominal Amount of EUR 2.5 Billion	For	For
Management	Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 650 Million	For	For
Management	Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 650 Million	For	For
Management	Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 18 and 19	For	For
Management	Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind	For	For
Management	Authorize Capital Issuances for Use in Employee Stock Purchase Plans	For	For
Management	Authorize Decrease in Share Capital via Cancellation of Repurchased Shares	For	For

PROSEGUR CASH SA
Ticker: CASH
Country: Spain
Provider Security ID: E8S56X108
Meeting Type: Annual
Meeting Date: 01-Jun-22
Record Date: 27-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Consolidated and Standalone Financial Statements	For	For
Management	Approve Non-Financial Information Statement	For	For
Management	Approve Allocation of Income and Dividends	For	For
Management	Approve Discharge of Board	For	For
Management	Reelect Christian Gut Revoredo as Director	For	For
Management	Reelect Jose Antonio Lasanta Luri as Director	For	For
Management	Reelect Antonio Rubio Merino as Director	For	For
Management	Advisory Vote on Remuneration Report	For	Against	Vote AGAINST due to insufficient information on variable pay schemes (selected metrics, weights, and performance outcome under the STI scheme).
Management	Approve Remuneration Policy	For	Against	Vote AGAINST due to poor disclosures on STI metrics, lack of insurance that Global Optimum LTI awards vest after three years, and lack of clear guidelines on potential salary increases. Furthermore, the board has significantly increased the CEO's salary since he joined the company.
Management	Approve Reduction in Share Capital via Amortization of Treasury Shares	For	For
Management	Approve Merger by Absorption of Prosegur Global CIT SLU	For	For
Management	Authorize Board to Ratify and Execute Approved Resolutions	For	For

COMPAGNIE DE SAINT-GOBAIN SA
Ticker: SGO
Country: France
Provider Security ID: F80343100
Meeting Type: Annual/Special
Meeting Date: 02-Jun-22
Record Date: 31-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Financial Statements and Statutory Reports	For	For
Management	Approve Consolidated Financial Statements and Statutory Reports	For	For
Management	Approve Allocation of Income and Dividends of EUR 1.63 per Share	For	For
Management	Reelect Pierre-Andre de Chalandar as Director	For	For
Management	Ratify Appointment of Lina Ghotmeh as Director	For	For
Management	Elect Thierry Delaporte as Director	For	For
Management	Approve Compensation of Pierre-Andre de Chalendar, Chairman and CEO Until 30 June 2021	For	For
Management	Approve Compensation of Benoit Bazin, Vice-CEO Until 30 June 2021	For	For
Management	Approve Compensation of Pierre-Andre de Chalendar, Chairman of the Board Since 1 July 2021	For	For
Management	Approve Compensation of Benoit Bazin, CEO Since 1 July 2021	For	For
Management	Approve Compensation Report of Corporate Officers	For	For
Management	Approve Remuneration Policy of Chairman of the Board	For	For
Management	Approve Remuneration Policy of CEO	For	For
Management	Approve Remuneration Policy of Directors	For	For
Management	Appoint Deloitte & Associes as Auditor	For	For
Management	Authorize Repurchase of Up to 10 Percent of Issued Share Capital	For	For
Management	Authorize up to 1.5 Percent of Issued Capital for Use in Stock Option Plans	For	For
Management	Authorize up to 1.2 Percent of Issued Capital for Use in Restricted Stock Plans	For	For
Management	Authorize Filing of Required Documents/Other Formalities	For	For

ALPHAWAVE IP GROUP PLC
Ticker: AWE
Country: United Kingdom
Provider Security ID: G03355107
Meeting Type: Annual
Meeting Date: 06-Jun-22
Record Date: 31-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Remuneration Policy	For	For
Management	Elect John Holt as Director	For	For
Management	Elect Tony Pialis as Director	For	For
Management	Elect Daniel Aharoni as Director	For	For
Management	Elect Sehat Sutardja as Director	For	For
Management	Elect Jan Frykhammar as Director	For	For	Vote FOR because, after engaging with the company, we are comfortable that the external commitments of this director do not affect his ability to commit sufficient time to his role in the company.
Management	Elect Paul Boudre as Director	For	For
Management	Elect Susan Buttsworth as Director	For	For
Management	Elect Michelle De Fonseca as Director	For	For
Management	Elect Victoria Hull as Director	For	For
Management	Elect Rosalind Singleton as Director	For	For
Management	Appoint KPMG LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Approve Waiver of Rule 9 of the Takeover Code	For	Abstain	Vote ABSTAIN as whilst we are aware of potential concerns over 'creeping control', we also recognise the positive side of management adding to their positions as a statement of confidence in business fundamentals.
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

EUROCOMMERCIAL PROPERTIES NV
Ticker: ECMPA
Country: Netherlands
Provider Security ID: N31068195
Meeting Type: Annual
Meeting Date: 14-Jun-22
Record Date: 17-May-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Open Meeting
Management	Receive Report of Management Board (Non-Voting)
Management	Adopt Financial Statements and Statutory Reports	For	For
Management	Receive Explanation on Company's Reserves and Dividend Policy
Management	Approve Dividends of EUR 1.50 Per Share and Mandatory Scrip Dividend	For	For
Management	Approve Discharge of Management Board	For	For
Management	Approve Discharge of Supervisory Board	For	For
Management	Reelect B.T.M. Steins Bisschop to Supervisory Board	For	For
Management	Reelect E.R.G.M. Attout to Supervisory Board	For	For
Management	Reelect R. Fraticelli to Management Board	For	For
Management	Reelect J.P.C. Mills to Management Board	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Remuneration Policy for Management Board	For	For
Management	Approve Remuneration of Management Board	For	For
Management	Approve Remuneration of Supervisory Board	For	For
Management	Ratify KPMG Accountants N.V. as Auditors	For	For
Management	Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Exclude Pre-emptive Rights	For	For
Management	Authorize Repurchase of Shares	For	For
Management	Other Business (Non-Voting)
Management	Close Meeting

WHITBREAD PLC
Ticker: WTB
Country: United Kingdom
Provider Security ID: G9606P197
Meeting Type: Annual
Meeting Date: 15-Jun-22
Record Date: 13-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Policy	For	For
Management	Approve Remuneration Report	For	Against	Vote AGAINST as, notwithstanding mitigating circumstances, substantial bonuses to the Executives were paid, despite the Company having received significant assistance from the UK and German governments relating to the pandemic and there has been no indication that these sums will be repaid.
Management	Approve Final Dividend	For	For
Management	Elect Hemant Patel as Director	For	For
Management	Re-elect David Atkins as Director	For	For
Management	Re-elect Kal Atwal as Director	For	For
Management	Re-elect Horst Baier as Director	For	For
Management	Re-elect Alison Brittain as Director	For	For
Management	Re-elect Fumbi Chima as Director	For	For
Management	Re-elect Adam Crozier as Director	For	For
Management	Re-elect Frank Fiskers as Director	For	For
Management	Re-elect Richard Gillingwater as Director	For	For
Management	Re-elect Chris Kennedy as Director	For	For
Management	Reappoint Deloitte LLP as Auditors	For	For
Management	Authorise Board to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

IBERDROLA SA
Ticker: IBE
Country: Spain
Provider Security ID: E6165F166
Meeting Type: Annual
Meeting Date: 16-Jun-22
Record Date: 10-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Approve Consolidated and Standalone Financial Statements	For	For
Management	Approve Consolidated and Standalone Management Reports	For	For
Management	Approve Non-Financial Information Statement	For	For
Management	Approve Discharge of Board	For	For
Management	Renew Appointment of KPMG Auditores as Auditor	For	For
Management	Amend Preamble and Article 7 Re: Company's Purpose, Values and Social Dividend	For	For
Management	Amend Article 16 Re: Engagement Dividend	For	For
Management	Amend Article 11 of General Meeting Regulations Re: Engagement Dividend	For	For
Management	Approve Engagement Dividend	For	For
Management	Approve Allocation of Income and Dividends	For	For
Management	Approve Scrip Dividends	For	For
Management	Approve Scrip Dividends	For	For
Management	Approve Reduction in Share Capital via Amortization of Treasury Shares	For	For
Management	Advisory Vote on Remuneration Report	For	For
Management	Reelect Anthony L. Gardner as Director	For	For
Management	Ratify Appointment of and Elect Maria Angeles Alcala Diaz as Director	For	For
Management	Ratify Appointment of and Elect Isabel Garcia Tejerina as Director	For	For
Management	Fix Number of Directors at 14	For	For
Management	Authorize Share Repurchase Program	For	For
Management	Authorize Board to Ratify and Execute Approved Resolutions	For	For

INFORMA PLC
Ticker: INF
Country: United Kingdom
Provider Security ID: G4770L106
Meeting Type: Annual
Meeting Date: 16-Jun-22
Record Date: 14-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Elect Louise Smalley as Director	For	For
Management	Elect Joanne Wilson as Director	For	For
Management	Elect Zheng Yin as Director	For	For
Management	Re-elect John Rishton as Director	For	For
Management	Re-elect Stephen Carter as Director	For	For
Management	Re-elect Gareth Wright as Director	For	For
Management	Re-elect Patrick Martell as Director	For	For
Management	Re-elect Mary McDowell as Director	For	For
Management	Re-elect Helen Owers as Director	For	For
Management	Re-elect Gill Whitehead as Director	For	For
Management	Re-elect Stephen Davidson as Director	For	Against
Management	Re-elect David Flaschen as Director	For	For
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	Against	Vote AGAINST as the STIP outcomes have been dependent on largely qualitative measures, making payouts difficult to justify; and * As with the previous year, the performance measures of the in-flight LTIP awards were amended. In so doing, the nil payout under the EPS measure was salvaged by the new cash flow and cash conversion metrics which paid out at maximum.
Management	Reappoint Deloitte LLP as Auditors	For	For
Management	Authorise the Audit Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Approve Remuneration Policy	For	For
Management	Approve Updated Informa Long-Term Incentive Plan	For	For
Management	Approve Updated Informa Deferred Share Bonus Plan	For	For
Management	Approve Update to Historical LTIP Rules	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

COCA-COLA HBC AG
Ticker: CCH
Country: Switzerland
Provider Security ID: H1512E100
Meeting Type: Annual
Meeting Date: 21-Jun-22
Record Date: 17-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Treatment of Net Loss	For	For
Management	Approve Dividend from Reserves	For	For
Management	Approve Discharge of Board and Senior Management	For	For
Management	Re-elect Anastassis David as Director and as Board Chairman	For	For
Management	Re-elect Zoran Bogdanovic as Director	For	For
Management	Re-elect Charlotte Boyle as Director and as Member of the Remuneration Committee	For	Against
Management	Re-elect Reto Francioni as Director and as Member of the Remuneration Committee	For	For
Management	Re-elect Olusola David-Borha as Director	For	For
Management	Re-elect William Douglas III as Director	For	For
Management	Re-elect Anastasios Leventis as Director	For	For
Management	Re-elect Christodoulos Leventis as Director	For	For
Management	Re-elect Alexandra Papalexopoulou as Director	For	For
Management	Re-elect Ryan Rudolph as Director	For	For
Management	Re-elect Anna Diamantopoulou as Director and as Member of the Remuneration Committee	For	For
Management	Re-elect Bruno Pietracci as Director	For	For
Management	Re-elect Henrique Braun as Director	For	For
Management	Designate Ines Poeschel as Independent Proxy	For	For
Management	Reappoint PricewaterhouseCoopers AG as Auditors	For	For
Management	Advisory Vote on Reappointment of the Independent Registered Public Accounting Firm PricewaterhouseCoopers SA for UK Purposes	For	For
Management	Approve UK Remuneration Report	For	Against	Vote AGAINST as the targets for the 2019 LTIP were revised downward, resulting in higher levels of vesting than had the original targets remained in force. The use of discretion to amend long-term performance criteria, in the course of the performance period, deviates sharply from accepted practice.
Management	Approve Remuneration Policy	For	For
Management	Approve Swiss Remuneration Report	For	Against	Vote AGAINST as the performance targets for in-flight LTIP awards were modified during the performance period.
Management	Approve Maximum Aggregate Amount of Remuneration for Directors	For	For
Management	Approve Maximum Aggregate Amount of Remuneration for the Executive Leadership Team	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Amend Articles of Association	For	For

BFF BANK SPA
Ticker: BFF
Country: Italy
Provider Security ID: T1R288116
Meeting Type: Ordinary Shareholders
Meeting Date: 22-Jun-22
Record Date: 13-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Share Holder	Appoint Internal Statutory Auditors	None	For	Vote FOR as as both names and details of the proposed nominees have been disclosed and no concerns have been noticed.
Management	Appoint Chairman of Internal Statutory Auditor	For	For
Share Holder	Appoint Two Alternate Internal Statutory Auditors	None	For	Vote FOR as as both names and details of the proposed nominees have been disclosed and no concerns have been noticed.

3I GROUP PLC
Ticker: III
Country: United Kingdom
Provider Security ID: G88473148
Meeting Type: Annual
Meeting Date: 30-Jun-22
Record Date: 28-Jun-22

Proponent	Proposal Text	Management Recommendation	Vote Instruction	Voter Rationale
Management	Accept Financial Statements and Statutory Reports	For	For
Management	Approve Remuneration Report	For	For
Management	Approve Dividend	For	For
Management	Re-elect Caroline Banszky as Director	For	For
Management	Re-elect Simon Borrows as Director	For	For
Management	Re-elect Stephen Daintith as Director	For	For
Management	Elect Jasi Halai as Director	For	For
Management	Elect James Hatchley as Director	For	For
Management	Re-elect David Hutchison as Director	For	For
Management	Elect Lesley Knox as Director	For	For
Management	Re-elect Coline McConville as Director	For	For
Management	Re-elect Peter McKellar as Director	For	For
Management	Re-elect Alexandra Schaapveld as Director	For	For
Management	Reappoint KPMG LLP as Auditors	For	For
Management	Authorise Board Acting Through the Audit and Compliance Committee to Fix Remuneration of Auditors	For	For
Management	Authorise UK Political Donations and Expenditure	For	For
Management	Authorise Issue of Equity	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights	For	For
Management	Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment	For	For
Management	Authorise Market Purchase of Ordinary Shares	For	For
Management	Authorise the Company to Call General Meeting with Two Weeks' Notice	For	For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	FIRST TRUST Dynamic Europe Equity Income FUND

By (Signature and Title)*	/s/ James M. Dykas
	James M. Dykas, President and Chief Executive Officer

Date	August 2, 2022

* Print the name and title of each signing officer under his or her signature.