The SEI Emerging Markets Equity Fund - Global · 2019-07-04 · The SEI Emerging Markets Equity Fund All Votes Report Vote Summary Report Date range covered: 10/01/2018 to 12/31/2018

Reo@ Voting Report

The SEI Emerging Markets Equity Fund

VOTING RECORDS

FROM:01/10/2018 TO: 31/12/2018

The SEI Emerging Markets Equity Fund All Votes Report

Vote Summary Report Date range covered: 10/01/2018 to 12/31/2018

African Rainbow Minerals Ltd.

Meeting Date: 12/07/2018 Country: South Africa

Meeting Type: Annual Ticker: ARI

Primary ISIN: ZAE000054045 Primary SEDOL: 6041122

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Re-elect Dr Manana Bakane-Tuoane as Director 1

Voter Rationale: For controlled companies, the board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity. In addition, the nomination committee should be majority independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt For For Re-elect Anton Botha as Director 2

Mgmt For For Re-elect Tom Boardman as Director 3

Mgmt Against For Re-elect Mangisi Gule as Director 4

Voter Rationale: For controlled companies, the board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity.

Mgmt Against For Re-elect Alex Maditsi as Director 5

Voter Rationale: For controlled companies, the board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity. In addition, the nomination committee should be majority independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt For For Elect Abigail Mukhuba as Director 6

Voter Rationale: Directors are expected to attend all board meetings. Attendance is crucial for making valuable contributions to the board and fulfilling fiduciary duties.

Mgmt For For Reappoint Ernst & Young Inc as Auditors of the Company with L Tomlinson as the Designated Auditor

7

Voter Rationale: Companies that have had the same auditor for a period of over 10 years should consider a plan or tender process for bringing in a new auditing firm.

Mgmt For For Re-elect Tom Boardman as Chairman of the Audit and Risk Committee

8.1

Mgmt Against For Re-elect Dr Manana Bakane-Tuoane as Member of the Audit and Risk Committee

8.2

Voter Rationale: The audit committee should be fully independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt For For Re-elect Anton Botha as Member of the Audit and Risk Committee

8.3

Mgmt Against For Re-elect Alex Maditsi as Member of the Audit and Risk Committee

8.4


Mgmt For For Re-elect Kobus Moller as Member of the Audit and Risk Committee

8.5

Page 1 of 56



African Rainbow Minerals Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Re-elect Dr Rejoice Simelane as Member of the

Audit and Risk Committee 8.6


Mgmt For For Approve Conditional Share Plan 9

Mgmt For For Approve Remuneration Policy 10

Mgmt Against For Approve Remuneration Implementation Report 11

Voter Rationale: Incentive awards to executives should be clearly disclosed and include robust and stretching performance targets to reward strong performance and drive shareholder value over a sufficiently long period of time.

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

12

Mgmt For For Authorise Board to Issue Shares for Cash 13

Mgmt For For Approve the Annual Retainer Fees for Non-executive Directors

14.1

Mgmt For For Approve the Fees for Attending Board Meetings 14.2

Mgmt For For Approve the Committee Attendance Fees for Non-executive Directors

15

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

16

Voter Rationale: Shareholder funds should not be used to grant financial assistance to directors, officers or related persons without a clearly disclosed and fully justified explanation.

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

17

Mgmt For For Authorise Issue of Shares in Connection with the Conditional Share Plan

18

Mgmt For For Authorise Repurchase of Issued Share Capital 19

Agricultural Bank of China

Meeting Date: 11/12/2018 Country: China

Meeting Type: Special Ticker: 1288

Primary ISIN: CNE100000Q43 Primary SEDOL: B60LZR6

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

EGM BALLOT FOR HOLDERS OF H SHARES Mgmt

Mgmt For For Elect Wang Jingdong as Supervisor 1

Page 2 of 56



Agricultural Bank of China Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Elect Li Wang as Supervisor 2

Mgmt For For Elect Zhang Jie as Supervisor 3

Mgmt For For Elect Liu Hongxia as Supervisor 4

Mgmt For For Approve Final Remuneration Plan of Directors of

the Bank for 2017 5

Mgmt For For Approve Final Remuneration Plan of Supervisors

of the Bank for 2017 6

Mgmt For For Approve the 2019-2021 Capital Planning of the

Bank 7

Mgmt For For Approve the Issuance Plan of Eligible Tier-2

Capital Instruments of the Bank 8

Air China Ltd.



Primary ISIN: CNE1000001S0 Primary SEDOL: B04KNF1

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Approve Disposal Agreement and Related Transactions

1

Mgmt For For Amend Articles of Association 2

Air China Ltd.



Primary ISIN: CNE1000001S0 Primary SEDOL: B04KNF1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Page 3 of 56



Air China Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt RESOLUTIONS IN RELATION TO THE CONTINUING CONNECTED TRANSACTION AGREEMENTS, THE TRANSACTIONS CONTEMPLATED THEREUNDER AND THEIR

RESPECTIVE ANNUAL CAPS

Mgmt For For Approve the Government Charter Flight Service

Framework Agreement 1.1

Mgmt For For Approve the Sales Agency Services Framework

Agreement 1.2

Mgmt For For Approve the Comprehensive Services


Mgmt For For Approve the Properties Leasing Framework

Agreement 1.4

Mgmt For For Approve the Media Services Framework

Agreement 1.5

Mgmt For For Approve the Construction Project Management


A-Living Services Co., Ltd.



Primary ISIN: CNE100002RY5 Primary SEDOL: BFWK4M2

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Supplemental Agreement, Revised Annual Caps and Related Transactions

Mgmt For For


Angang Steel Co., Ltd.



Primary ISIN: CNE1000001V4 Primary SEDOL: 6015644

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Page 4 of 56



Angang Steel Co., Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Approve Supply of Materials and Services Agreement, Proposed Annual Monetary Caps and Related Transactions

1

Voter Rationale: Companies should provide sufficient information at least 21 days in advance of the meeting to enable shareholders to cast an informed vote.

Mgmt Against For Approve Supply of Raw Materials Agreement, Proposed Annual Monetary Caps and Related

Transactions

2


Mgmt Against For Approve Terms of the Financial Services Agreement and the Proposed Annual Monetary

Caps of Deposit Services

3


Mgmt Against For Amend Articles of Association 4


Mgmt Against For Approve the Issue of the Asset-Backed

Securities by the Company 5


Bid Corp. Ltd.


Meeting Type: Annual Ticker: BID

Primary ISIN: ZAE000216537 Primary SEDOL: BZBFKT7

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Ordinary Resolutions Mgmt

Mgmt For For Reappoint KPMG as Auditors of the Company with Mohammed Hassan as the Individual

Registered Auditor

1

Mgmt For For Re-elect Douglas Band as Director 2.1

Mgmt For For Re-elect Bernard Berson as Director 2.2

Mgmt For For Re-elect Nigel Payne as Director 2.3

Mgmt For For Re-elect Paul Baloyi as Member of the Audit and Risk Committee

3.1

Page 5 of 56



Bid Corp. Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Re-elect Nigel Payne as Member of the Audit

and Risk Committee 3.2

Mgmt For For Re-elect Helen Wiseman as Chairman of the

Audit and Risk Committee 3.3

Mgmt For For Approve Remuneration Policy 4.1

Mgmt Against For Approve Implementation of Remuneration Policy 4.2

Voter Rationale: Incentive awards to executives should have clearly disclosed and stretching performance targets to reward strong performance and long-term value creation. Also, the remuneration committee should not allow vesting of incentive awards for below median performance.Variable remuneration and equity incentives should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable.


5


Mgmt For For Approve Pro Rata Reduction of Stated Capital in lieu of Dividend

7

Mgmt For For Authorise Creation and Issuance of Convertible Debentures or Other Convertible Instruments

8

Mgmt For For Authorise Ratification of Approved Resolutions 9

Mgmt Special Resolutions


Mgmt For For Approve Fees of the Chairman 2.1

Mgmt For For Approve Fees of the Lead Independent Non-executive Director

2.2

Mgmt For For Approve Fees of the Non-executive Directors (SA)

2.3.1

Mgmt For For Approve Fees of the Non-executive Directors (International)

2.3.2

Mgmt For For Approve Fees of the Audit and Risk Committee Chairman

2.4.1

Mgmt For For Approve Fees of the Audit and Risk Committee Member (SA)

2.4.2

Mgmt For For Approve Fees of the Audit and Risk Committee Member (International)

2.4.3

Mgmt For For Approve Fees of the Remuneration Committee Chairman

2.5.1

Mgmt For For Approve Fees of the Remuneration Committee Member (SA)

2.5.2

Mgmt For For Approve Fees of the Remuneration Committee Member (International)

2.5.3

Mgmt For For Approve Fees of the Nominations Committee Chairman

2.6.1

Page 6 of 56



Bid Corp. Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Fees of the Nominations Committee

Member (SA) 2.6.2

Mgmt For For Approve Fees of the Nominations Committee

Member (International) 2.6.3

Mgmt For For Approve Fees of the Acquisitions Committee

Chairman 2.7.1


Member (SA) 2.7.2


Member (International) 2.7.3

Mgmt For For Approve Fees of the Social and Ethics

Committee Chairman 2.8.1


Committee Member (SA) 2.8.2


Committee Member (International) 2.8.3

Mgmt For For Approve Fees of the Ad hoc Meetings (SA) 2.9.1

Mgmt For For Approve Fees of the Ad hoc Meetings

(International) 2.9.2

Mgmt For For Approve Financial Assistance to Related or

Inter-related Companies and Corporations 3

BK Brasil Operacao e Assessoria a Restaurantes SA

Meeting Date: 11/22/2018 Country: Brazil

Meeting Type: Special Ticker: BKBR3

Primary ISIN: BRBKBRACNOR4 Primary SEDOL: BFB3ZZ2

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Bruno Augusto Sacchi Zaremba as Director Mgmt For Against

Voter Rationale: The board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity.

Mgmt For For Change Location of Company Headquarters and

Amend Article 2 Accordingly 2

Mgmt For For Amend Article 15 3

Mgmt For For Amend Article 5 to Reflect Changes in Capital

and Consolidate Bylaws 4

Mgmt For For Designate Newspapers to Publish Company

Announcements 5

Page 7 of 56



Britannia Industries Ltd.

Meeting Date: 10/15/2018 Country: India


Primary ISIN: INE216A01022 Primary SEDOL: 6124777

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Postal Ballot Mgmt

Mgmt For For Approve Sub-Division of Equity Shares 1

Mgmt For For Amend Capital Clause of the Memorandum of Association Re: Sub-Division of Equity Shares

2

Mgmt For For Amend Articles of Association Re: Sub-Division of Equity Shares

3

Mgmt For For Amend Britannia Industries Limited Employee Stock Option Scheme

4


CEZ as

Meeting Date: 11/30/2018 Country: Czech Republic

Meeting Type: Special Ticker: CEZ

Primary ISIN: CZ0005112300 Primary SEDOL: 5624030

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Shareholder Proposals Mgmt

SH Against Against Amend Articles of Association Re: Board of

Directors 1.1

Voter Rationale: The proponents are considered to have failed to present a compelling rationale for transfer of powers to approve stock option plan from supervisory board to general meeting or how this would address their performance concerns, and decisions concerning the company's business policy are within the scope of responsibilities of the board of directors. Finally, the names of the directors to be recalled and the names of the nominees to be elected have not been disclosed.

SH Against Against Amend Articles of Association Re: Board of Directors

1.2

SH Against Against Amend Articles of Association Re: Board of Directors

2.1

SH Against Against Amend Articles of Association Re: General Meeting

2.2

SH Against None Approve Changes in Composition of Supervisory Board

3

Page 8 of 56



Chaoda Modern Agriculture Holdings Ltd.

Meeting Date: 12/18/2018 Country: Cayman Islands

Meeting Type: Annual Ticker: 682

Primary ISIN: KYG2046Q1073 Primary SEDOL: 6313490

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Accept Financial Statements and Statutory Reports

Mgmt For For

Mgmt Against For Elect Kwok Ho as Director 2A

Voter Rationale: A vote AGAINST the election of Kwok Ho, Fung Chi Kin, and Tam Ching Ho is warranted given that they served on the board during the relevant period wherein the company underwent a prolonged trading suspension; and the seriousness of such prolonged trading suspension and the delay in the release of the relevant audit reports, which translates to the board's failure in effectively and promptly addressing accusations of falsifying financial statements.In the absence of any other known issues concerning the other nominees, a vote FOR their election is warranted.

Mgmt Against For Elect Fung Chi Kin as Director 2B

Voter Rationale: The board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity. Also, the audit committee should be fully independent and this director's membership could hamper the committee's impartiality and effectiveness. Moreover, the remuneration committee should be independent and this director's membership could hamper the committee's impartiality and effectiveness. Likewise, the nomination committee should be majority independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt Against For Elect Tam Ching Ho as Director 2C

Voter Rationale: The board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity. Also, the audit committee should be fully independent and this director's membership could hamper the committee's impartiality and effectiveness. Moreover, the remuneration committee should be independent and this director's membership could hamper the committee's impartiality and effectiveness. Likewise, the nomination committee should be majority independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt For For Elect Chan Yik Pun as Director 2D

Mgmt For For Approve Elite Partners CPA Limited as Auditors

and Authorize Board to Fix Their Remuneration 3

Mgmt For For Authorize Repurchase of Issued Share Capital 4A

Mgmt Against For Approve Issuance of Equity or Equity-Linked

Securities without Preemptive Rights 4B

Voter Rationale: Any increase in capital of greater than 10% without pre-emption rights should be undertaken in exceptional circumstances only and fully justified by the company.

Mgmt Against For Authorize Reissuance of Repurchased Shares 4C

Voter Rationale: Treasury stock, when re-issued without pre-emption rights, should be subject to the same limitations as newly issued stock.

China High Precision Automation Group Ltd.



Primary ISIN: KYG211221091 Primary SEDOL: B4QL6N9

Page 9 of 56



China High Precision Automation Group Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Accept Financial Statements and Statutory

Reports Mgmt For Against

Voter Rationale: Given the concerns over the company's financial statements, a vote AGAINST this proposal is warranted.

Mgmt For For Elect Wong Fun Chung as Director 2A1

Voter Rationale: The roles of Chairman and CEO are substantially different and generally should be separated. Separation of roles is important for securing a proper balance between executives and outside shareholders and preserving accountability.

Mgmt For For Elect Cheung Chuen as Director 2A2

Mgmt Against For Elect Ji Qin Zhi as Director 2A3

Voter Rationale: The audit committee is responsible for the integrity of the annual report and accounts. Substantial restatements of earnings are indicative of the inadequate oversight and controls by the audit committee.

Mgmt For For Authorize Board to Fix Remuneration of

Directors 2B

Mgmt Against For Approve Pan-China (H.K.) CPA Limited as Auditors and Authorize Board to Fix Their Remuneration

3

Voter Rationale: Given the concerns over the company's financial reporting practices, a vote AGAINST this resolution is warranted.


Securities without Preemptive Rights 4A


Mgmt For For Authorize Repurchase of Issued Share Capital 4B

Mgmt Against For Authorize Reissuance of Repurchased Shares 4C

Voter Rationale: Treasury stock, when re-issued without pre-emption rights, should be subject to the same limitations as newly issued stock.

China Longyuan Power Group Corp. Ltd.



Primary ISIN: CNE100000HD4 Primary SEDOL: B4Q2TX3

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Baker Tilly China Certified Public Accountants LLP as PRC Auditor and Authorize Audit Committee of the Board to Fix Their

Remuneration

Mgmt For For

Page 10 of 56



China Petroleum & Chemical Corp.



Primary ISIN: CNE1000002Q2 Primary SEDOL: 6291819

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Elect Yu Baocai as Director 1

Voter Rationale: The board should appoint a Lead Independent Director to establish appropriate checks and balances on the Board, support the Chairman, ensure orderly succession process for the Chairman, and act as a point of contact for shareholders, non-executive directors and senior executives where normal channels of communication through the board Chairman are considered inappropriate.

Mgmt Against For Approve Renewal of Continuing Connected Transactions for the Three Years Ending 31 December 2021, the Continuing Connected Transactions Fifth Supplemental Agreement and Related Transactions

2

Voter Rationale: In the absence of compelling economic rationale such pooling of the group’s cash through an unlisted financial vehicle may give the parent company control over the listed company’s finances.

China Railway Group Ltd.



Primary ISIN: CNE1000007Z2 Primary SEDOL: B297KM7

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Approve the Fulfilment of the Conditions for the Acquisition of Assets by Issuance of Shares of

the Company

1

Mgmt For For Approve the Acquisition of Assets by Issuance of Shares of the Company Not Constituting a

Related Transaction

2

Mgmt RESOLUTIONS RELATING TO THE APPROVAL OF THE PROPOSAL ON THE PLAN FOR THE ACQUISITION OF ASSETS BY ISSUANCE OF SHARES OF THE COMPANY

Mgmt For For Approve Type and Nominal Value of the Shares 3.1

Mgmt For For Approve Way of Issuance 3.2

Page 11 of 56



China Railway Group Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Targets of Issuance and Way of

Subscription 3.3

Mgmt For For Approve Target Assets to be Acquired in the

Transaction 3.4

Mgmt For For Approve Pricing Basis and Transaction Price of

the Target Assets 3.5

Mgmt For For Approve Pricing Benchmark Date and Issue

Price of the Issuance 3.6

Mgmt For For Approve Number of Shares to be Issued 3.7

Mgmt For For Approve Lock-up Period Arrangement 3.8

Mgmt For For Approve Arrangement Regarding Gain or Loss Relating to Target Assets Incurred During the Period from the Valuation Benchmark Date to the Closing Date of Target Assets

3.9

Mgmt For For Approve Arrangement Regarding the Undistributed Profit Carried forward from the Periods Before the Issuance

3.10

Mgmt For For Approve Transfer of Target Assets and Liability

for Default 3.11

Mgmt For For Approve Share Listing Place 3.12

Mgmt For For Approve Validity of the Resolution 3.13

Mgmt For For Approve the Acquisition of Assets by Issuance of Shares Not Constituting Major Asset Restructuring and Restructuring Listing

4

Mgmt For For Approve the Report (Draft) on the Acquisition of Assets by Issuance of Shares of China Railway Group Limited and Its Summary

5

Mgmt For For Approve Entering into the Conditional Equity

Acquisition Agreements 6

Mgmt For For Approve Entering into the Conditional Supplemental Agreements to the Equity Acquisition Agreements

7

Mgmt For For Approve Relevant Financial Reports and Asset Valuation Reports of the Acquisition of Assets by Issuance of Shares

8

Mgmt For For Approve Impact Analysis on Dilution of Immediate Returns and Remedial Measures of the Asset Restructuring of the Company

9

Mgmt For For Approve the Grant of Authorization to the Board of Directors to Deal with Relevant Matters of the Restructuring

10

SH Against For Approve the Issuance of Domestic and Overseas

Debt Financing Instruments 11

Voter Rationale: Shareholder proponents should provide sufficient information at least 21 days in advance of the meeting to enable shareholders to cast an informed vote.

Page 12 of 56



Cosan SA


Meeting Type: Special Ticker: CSAN3

Primary ISIN: BRCSANACNOR6 Primary SEDOL: B0P72G5

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Ratify SOPARC - Auditores Independentes S.S. Ltda. as the Firm to Appraise Proposed

Transaction

Mgmt For For

Mgmt For For Approve Agreement for Partial Spin-Off of Cosan Lubrificantes e Especialidades S.A. (CLE) and

Absorption of Spun-Off Assets

2

Mgmt For For Approve Independent Firm's Appraisal 3

Mgmt For For Approve Partial Spin-Off of Cosan Lubrificantes e Especialidades S.A. (CLE) and Absorption of

Spun-Off Assets

4

Mgmt For For Authorize Board to Ratify and Execute Approved Resolutions

5

CreditAccess Grameen Ltd.



Primary ISIN: INE741K01010 Primary SEDOL: BYVKG53

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Reports Mgmt For For

Mgmt Against For Reelect Paolo Brichetti as Director 2


Mgmt For For Approve Remuneration of Statutory Auditors 3

Mgmt For For Approve Increase in Borrowing Powers 4

Mgmt For For Approve Pledging of Assets for Debt 5

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

6

Mgmt For For Amend Objects Clause of Memorandum of

Association 7

Page 13 of 56



CreditAccess Grameen Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Approve Commission to Independent Directors 8

Voter Rationale: Variable remuneration and equity incentives should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable.

Mgmt For For Approve Revision in Remuneration of Udaya Kumar Hebbar as Managing Director & Chief

Executive Officer

9

Detsky Mir PJSC

Meeting Date: 12/15/2018 Country: Russia

Meeting Type: Special Ticker: DSKY

Primary ISIN: RU000A0JSQ90 Primary SEDOL: BTSTNQ8

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Meeting Procedures Mgmt For For

Mgmt For For Approve Interim Dividends for First Nine Months

of Fiscal 2018 2

Dino Polska SA

Meeting Date: 11/28/2018 Country: Poland

Meeting Type: Special Ticker: DNP

Primary ISIN: PLDINPL00011 Primary SEDOL: BD0YVN2

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Open Meeting Mgmt

Mgmt For For Elect Meeting Chairman 2

Mgmt Acknowledge Proper Convening of Meeting 3

Mgmt For For Approve Merger by Absorption with Pol-Food Polska Sp. z o.o.

4

Mgmt Close Meeting 5

Page 14 of 56



ENGIE Brasil Energia SA


Meeting Type: Special Ticker: EGIE3

Primary ISIN: BREGIEACNOR9 Primary SEDOL: BD1WX84

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Authorize Capitalization of Reserves for Bonus Issue

Mgmt For For

Mgmt For For Amend Articles 5 and 8 to Reflect Changes in Share Capital and Authorized Capital

Respectively

2

Mgmt For For Consolidate Bylaws 3

Estacio Participacoes SA


Meeting Type: Special Ticker: ESTC3

Primary ISIN: BRESTCACNOR5 Primary SEDOL: B23PBF7

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Restricted Stock Plan Mgmt For Against

Voter Rationale: Incentive awards to executives should be clearly disclosed and include robust and stretching performance targets to reward strong performance and drive shareholder value over a sufficiently long period of time. In addition, variable remuneration and equity incentives should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable.

FirstRand Ltd.


Meeting Type: Annual Ticker: FSR


Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Re-elect Lulu Gwagwa as Director 1.1

Page 15 of 56



FirstRand Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Re-elect Tandi Nzimande as Director 1.2

Mgmt For For Re-elect Ethel Matenge-Sebesho as Director 1.3

Mgmt Against For Re-elect Paballo Makosholo as Director 1.4


Mgmt For For Elect Tom Winterboer as Director 1.5

Mgmt For For Elect Mary Vilakazi as Director 1.6

Mgmt Against For Re-elect Jannie Durand as Alternate Director 1.7

Voter Rationale: Companies should provide sufficient information on directors standing for election at least 21 days in advance of the meeting to enable shareholders to cast an informed vote.

Mgmt For For Reappoint Deloitte & Touche as Auditors of the Company

2.1

Mgmt For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company

2.2

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

3



Mgmt Advisory Endorsement

Mgmt Against For Approve Remuneration Policy 1

Voter Rationale: Incentive awards to executives should be clearly disclosed and include robust and stretching performance targets to reward strong performance and drive shareholder value over time.





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

2

Mgmt For For Approve Financial Assistance to Related and

Inter-related Entities 3

Mgmt For For Approve Remuneration of Non-executive

Directors 4

Page 16 of 56



Fosun International Ltd.

Meeting Date: 11/27/2018 Country: Hong Kong


Primary ISIN: HK0656038673 Primary SEDOL: B1Z7FX0

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Adopt Yuyuan Tranche I Share Option Incentive Scheme

Mgmt For Against

Voter Rationale: Share options should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable.

Geely Automobile Holdings Ltd.



Primary ISIN: KYG3777B1032 Primary SEDOL: 6531827

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve the Renewal of Volvo Financing Arrangements, the Annual Caps and Related Transactions

Mgmt For Against

Voter Rationale: A vote AGAINST this resolution is warranted given the Volvo Financing Arrangements would expose the company to unnecessary risks.

Mgmt For For Approve the EV Financing Arrangements, the Annual Caps and Related Transactions

2

Geely Automobile Holdings Ltd.



Primary ISIN: KYG3777B1032 Primary SEDOL: 6531827

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve the Services Agreement, the Annual Caps and Related Transaction

Mgmt For For

Mgmt For For Approve the Electric Vehicle Agreement, the Annual Caps and Related Transaction

2

Page 17 of 56



Geely Automobile Holdings Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve the Automobile Components Procurement Agreement, the Annual Caps and Related Transaction

3

Mgmt For For Approve the TZ Acquisition Agreement and

Related Transactions 4

Mgmt For For Approve the GZ Acquisition Agreement and

Related Transactions 5

Grand Korea Leisure Co., Ltd.

Meeting Date: 11/26/2018 Country: South Korea


Primary ISIN: KR7114090004 Primary SEDOL: B4347P0

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Amend Articles of Incorporation Mgmt For For

Mgmt ELECT FOUR INSIDE DIRECTORS FROM SEVEN NOMINEES

Mgmt For For Elect Kang Seong-gil as Inside Director 2.1

Voter Rationale: Votes FOR Kang Seong-gil (Item 2.1), Kim Eung-tae (Item 2.3), Yoon Gyeong-hun (Item 2.5) and Lee Hyeong-ho (Item 2.6) are warranted as there are no identified issues with these nominees and they have experiences in relevant business management. A vote AGAINST the remaining nominees is warranted.

Mgmt Do Not Vote For Elect Kang Seong-wook as Inside Director 2.2

Mgmt For For Elect Kim Eung-tae as Inside Director 2.3

Mgmt Do Not Vote For Elect Song Byeong-gon as Inside Director 2.4


Mgmt For For Elect Yoon Gyeong-hun as Inside Director 2.5

Mgmt For For Elect Lee Hyeong-ho as Inside Director 2.6

Mgmt Do Not Vote For Elect Hwang In-seok as Inside Director 2.7


Page 18 of 56



Guangzhou R&F Properties Co., Ltd.



Primary ISIN: CNE100000569 Primary SEDOL: B19H8Y8

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

APPROVE RESOLUTIONS RELATING TO THE ISSUANCE OF NEW H SHARES UNDER SPECIFIC

MANDATE

Mgmt

Mgmt For For Approve Issuer 1a

Mgmt For For Approve Class of Shares to be Issued 1b

Mgmt For For Approve Nominal Value Per Share 1c

Mgmt For For Approve Time of Issuance 1d

Mgmt For For Approve Method of Issuance 1e

Mgmt For For Approve Target Investors 1f

Mgmt For For Approve Pricing Mechanism 1g

Mgmt For For Approve Method of Subscription 1h

Mgmt For For Approve Size of Issuance 1i

Mgmt For For Approve Accumulated Profits 1j

Mgmt For For Approve Use of Proceeds 1k

Mgmt For For Approve Ranking of the New H Shares 1l

Mgmt For For Approve Place of Listing 1m

Mgmt For For Approve Validity Period of the Resolutions 1n

Mgmt For For Authorize Board to Deal with All Matters in Relation to the Issuance of New H Shares

2





Primary ISIN: CNE100000569 Primary SEDOL: B19H8Y8

Page 19 of 56




Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

CLASS MEETING FOR HOLDERS OF H SHARES Mgmt

Mgmt APPROVE RESOLUTIONS RELATING TO THE ISSUANCE OF NEW H SHARES UNDER SPECIFIC MANDATE

Mgmt For For Approve Issuer 1a

Mgmt For For Approve Class of Shares to be Issued 1b

Mgmt For For Approve Nominal Value Per Share 1c

Mgmt For For Approve Time of Issuance 1d

Mgmt For For Approve Method of Issuance 1e

Mgmt For For Approve Target Investors 1f

Mgmt For For Approve Pricing Mechanism 1g

Mgmt For For Approve Method of Subscription 1h

Mgmt For For Approve Size of Issuance 1i

Mgmt For For Approve Accumulated Profits 1j

Mgmt For For Approve Use of Proceeds 1k

Mgmt For For Approve Ranking of the New H Shares 1l

Mgmt For For Approve Place of Listing 1m

Mgmt For For Approve Validity Period of the Resolutions 1n

Mgmt For For Authorize Board to Deal with All Matters in

Relation to the Issuance of New H Shares 2

Haier Electronics Group Co., Ltd.

Meeting Date: 11/21/2018 Country: Bermuda


Primary ISIN: BMG423131256 Primary SEDOL: B1TL3R8

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve the Asset Swap Agreement and Related Transactions

Mgmt For For

Page 20 of 56



Haier Electronics Group Co., Ltd.

Meeting Date: 11/21/2018 Country: Bermuda


Primary ISIN: BMG423131256 Primary SEDOL: B1TL3R8

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Products Procurement Agreement, Products Procurement Cap and Related

Transactions

Mgmt For For

Mgmt For For Approve Materials Procurement Agreement, Materials Procurement Cap and Related

Transactions

2

Mgmt For For Approve Export Agreement, Export Cap and Related Transactions

3

Haitong Securities Co. Ltd.



Primary ISIN: CNE1000019K9 Primary SEDOL: B71SXC4

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Approve Extension of the Authorization Period for Matters Related to Overseas Listing ofHaitong UniTrust International Leasing Co.,

Ltd.

1

Huatai Securities Co., Ltd.



Primary ISIN: CNE100001YQ9 Primary SEDOL: BWVFT00

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Page 21 of 56



Huatai Securities Co., Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve 2018 Interim Profit Distribution Plan 1

Mgmt ELECT NON-INDEPENDENT DIRECTORS VIA

CUMULATIVE VOTING

Mgmt For For Elect Ding Feng as Director 2.1

Mgmt For For Elect Chen Yongbing as Director 2.2

Mgmt For For Elect Hu Xiao as Director 2.3

Mgmt For For Elect Fan Chunyan as Director 2.4

Mgmt For For Elect Zhu Xuebo as Director 2.5

Mgmt ELECT SUPERVISORS VIA CUMULATIVE VOTING

Mgmt For For Elect Chen Ning as Supervisor 3.1

Mgmt For For Elect Yu Lanying as Supervisor 3.2

Mgmt For For Elect Yang Yaling as Supervisor 3.3

Mgmt For For Approve Plan of the AssetMark Overseas Listing 4

Mgmt For For Approve Compliance of the AssetMark Overseas Listing with the Notice on Issues in Relation to Regulating Overseas Listing of Subsidiaries of Domestic Listed Companies

5

Mgmt For For Approve Undertaking of Maintaining

Independent Listing Status of the Company 6

Mgmt For For Approve Description of the Sustainable

Profitability and Prospects of the Company 7

Mgmt For For Approve Authorization Granted to the Board and Its Authorized Party(ies) in Dealing with Matters Regarding the AssetMark Overseas Listing

8

SH For For Approve Report on the Use of the Proceeds Raised in the Previous Issuance of Shares by the Company

9

Mgmt For For Approve Provision of Assured Entitlement Only to H-share Shareholders for the AssetMark Overseas Listing

10

Mgmt Against For Amend Articles of Association Regarding Party

Committee 11

SH For For Approve Issuance and Admission of GDRs 12

SH For For Approve Proposal on the Issuance and

Admission of GDRs 13

SH For For Approve Validity Period of the Resolutions in

Respect of the Issuance and Admission of GDRs 14

Page 22 of 56



Huatai Securities Co., Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

SH For For Approve Authorization to the Board and Such Persons Authorized by the Board to Deal with All Matters in Relation to the Issuance and Admission of GDRs

15

SH For For Approve Distribution of Accumulated Profits

Prior to the Issuance and Admission of GDRs 16

SH For For Approve the Plan for the Use of Proceeds from

the Issuance and Admission of GDRs 17

Huatai Securities Co., Ltd.



Primary ISIN: CNE100001YQ9 Primary SEDOL: BWVFT00

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Approve Provision of Assured Entitlement Only to H-share Shareholders for the AssetMark Overseas Listing

1

SH For For Approve Issuance and Admission of GDRs 2

SH For For Approve Proposal on the Issuance and Admission of GDRs

3

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

4

SH For For Approve Authorization to the Board and Such Persons Authorized by the Board to Deal with All Matters in Relation to the Issuance and

Admission of GDRs

5

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

6

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

7

Imperial Holdings Ltd.


Meeting Type: Special Ticker: IPL

Primary ISIN: ZAE000067211 Primary SEDOL: B095WZ4

Page 23 of 56




Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Special Resolutions Mgmt

Mgmt For For Approve Unbundling in Terms of Section 112 of

the Companies Act 1

Mgmt For For Approve Change of Company Name to Imperial Logistics Limited and Amend Memorandum of Incorporation

2

Mgmt Ordinary Resolutions

Mgmt For For Amend Existing Share Schemes 1



Meeting Type: Annual Ticker: IPL

Primary ISIN: ZAE000067211 Primary SEDOL: B095WZ4

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Accept Financial Statements and Statutory Reports for the Year Ended 30 June 2018

Mgmt For For

Mgmt For For Reappoint Deloitte & Touche as Auditors of the Company and Appoint MLE Tshabalala as the

Designated Partner

2


Mgmt For For Re-elect Graham Dempster as Member of the Audit and Risk Committee

3.1

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

3.2

Mgmt For For Elect Peter Cooper as Member of the Audit and Risk Committee

3.3

Mgmt For For Re-elect Peter Cooper as Director 4.1

Mgmt Against For Re-elect Phumzile Langeni as Director 4.2

Voter Rationale: Directors are expected to hold only a small number of directorships and ensure they have sufficient time and energy to discharge their role properly, particularly during unexpected company situations requiring substantial amounts of time.

Mgmt For For Re-elect Thembisa Skweyiya (Dingaan) as

Director 4.3

Page 24 of 56



Imperial Holdings Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction



Mgmt Against For Approve Implementation of the Remuneration Policy

6


Mgmt For For Approve Fees of the Chairperson 7.1

Mgmt For For Approve Fees of the Deputy Chairperson and Lead Independent Director

7.2

Mgmt For For Approve Fees of the Board Member 7.3

Mgmt For For Approve Fees of the Assets and Liabilities Committee Chairperson

7.4

Mgmt For For Approve Fees of the Assets and Liabilities Committee Member

7.5

Mgmt For For Approve Fees of the Audit and Risk Committee Chairperson

7.6

Mgmt For For Approve Fees of the Audit and Risk Committee Member

7.7

Mgmt For For Approve Fees of the Divisional Board Member 7.8

Mgmt For For Approve Fees of the Divisional Finance and Risk Committee Member

7.9

Mgmt For For Approve Fees of the Remuneration Committee Chairperson

7.10

Mgmt For For Approve Fees of the Remuneration Committee Member

7.11

Mgmt For For Approve Fees of the Nomination Committee Chairperson

7.12

Mgmt For For Approve Fees of the Nomination Committee Member

7.13

Mgmt For For Approve Fees of the Social, Ethics and Sustainability Committee Chairperson

7.14

Mgmt For For Approve Fees of the Social, Ethics and Sustainability Committee Member

7.15


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

9



11


12

Page 25 of 56



Inari Amertron Bhd.

Meeting Date: 11/27/2018 Country: Malaysia


Primary ISIN: MYQ0166OO007 Primary SEDOL: B54JP79

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Directors' Fees Mgmt For For

Mgmt For For Approve Directors' Benefits 2

Mgmt Against For Elect Kemala Pahang Tengku Hajjah Aishah Bte Sultan Haji Ahmad Shah as Director

3


Mgmt Against For Elect Thong Kok Khee as Director 4

Voter Rationale: Executive directors are expected to hold no more than one external directorships to ensure they have sufficient time and energy to discharge their roles properly, particularly during unexpected company situations requiring substantial amounts of time.

Mgmt For For Elect Wong Gian Kui as Director 5

Voter Rationale: Executive directors are expected to hold no more than one external directorships to ensure they have sufficient time and energy to discharge their roles properly, particularly during unexpected company situations requiring substantial amounts of time.

Mgmt For For Elect Phang Ah Tong as Director 6

Mgmt For For Approve Grant Thornton Malaysia as Auditors

and Authorize Board to Fix Their Remuneration 7

Mgmt For For Approve Issuance of Equity or Equity-Linked

Securities without Preemptive Rights 8

Mgmt For For Authorize Share Repurchase Program 9

Mgmt Against For Approve Grant of ESOS Options to Phang Ah

Tong 10

Voter Rationale: Options should be issued at no less than market price, except for an all-employee plan where the discount should not exceed 20% on a fixed date. In addition, Incentive awards to executives should be clearly disclosed and include robust and stretching performance targets to reward strong performance and drive shareholder value over a sufficiently long period of time. Furthermore, share options should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable.

Industrial & Commercial Bank of China Ltd.



Primary ISIN: CNE1000003G1 Primary SEDOL: B1G1QD8

Page 26 of 56



Industrial & Commercial Bank of China Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Elect Zheng Fuqing as Director 1

Mgmt Elect Fei Zhoulin as Director 2

Mgmt For For Elect Nout Wellink as Director 3

Mgmt For For Elect Fred Zuliu Hu as Director 4

Mgmt For For Elect Qu Qiang as Supervisor 5

Mgmt For For Approve the Payment Plan of Remuneration to

Directors for 2017 6

Mgmt For For Approve the Payment Plan of Remuneration to

Supervisors for 2017 7

Mgmt For For Approve Proposal to Issue Eligible Tier 2 Capital

Instruments 8


Securities without Preemptive Rights 9


Mgmt APPROVE PROPOSAL ON THE DOMESTIC PREFERENCE SHARE ISSUANCE PLAN OF THE COMPANY

Mgmt For For Approve Type of Preference Shares to be Issued in Relation to the Domestic Preference Share Issuance Plan of the Company

10.01

Mgmt For For Approve Number of Preference Shares to be Issued and Issue Size in Relation to the Domestic Preference Share Issuance Plan of the Company

10.02

Mgmt For For Approve Method of Issuance in Relation to the Domestic Preference Share Issuance Plan of the Company

10.03

Mgmt For For Approve Par Value and Issue Price in Relation to the Domestic Preference Share Issuance Plan of the Company

10.04

Mgmt For For Approve Maturity in Relation to the Domestic

Preference Share Issuance Plan of the Company 10.05

Mgmt For For Approve Target Investors in Relation to the Domestic Preference Share Issuance Plan of the Company

10.06

Mgmt For For Approve Lock-Up Period in Relation to the Domestic Preference Share Issuance Plan of the Company

10.07

Page 27 of 56



Industrial & Commercial Bank of China Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Terms of Distribution of Dividends in Relation to the Domestic Preference Share Issuance Plan of the Company

10.08

Mgmt For For Approve Terms of Mandatory Conversion in Relation to the Domestic Preference Share Issuance Plan of the Company

10.09

Mgmt For For Approve Terms of Conditional Redemption in Relation to the Domestic Preference Share Issuance Plan of the Company

10.10

Mgmt For For Approve Restrictions on Voting Rights in Relation to the Domestic Preference Share Issuance Plan of the Company

10.11

Mgmt For For Approve Restoration of Voting Rights in Relation to the Domestic Preference Share Issuance Plan of the Company

10.12

Mgmt For For Approve Order of Distribution of Residual Assets and Basis for Liquidation in Relation to the Domestic Preference Share Issuance Plan of the Company

10.13

Mgmt For For Approve Rating in Relation to the Domestic


Mgmt For For Approve Security in Relation to the Domestic


Mgmt For For Approve Use of Proceeds from the Issuance of

the Domestic Preference Shares 10.16

Mgmt For For Approve Transfer in Relation to the Domestic


Mgmt For For Approve Relationship between Domestic and Offshore Issuance in Relation to the Domestic Preference Share Issuance Plan of the Company

10.18

Mgmt For For Approve Validity Period of the Resolution in Respect of the Issuance of the Domestic Preference Shares

10.19

Mgmt For For Approve The Application and Approval Procedures to be Completed for the Issuance in Relation to the Domestic Preference Share Issuance Plan of the Company

10.20

Mgmt For For Approve Matters Relating to Authorisation in Relation to the Domestic Preference Share Issuance Plan of the Company

10.21

Mgmt APPROVE PROPOSAL ON THE OFFSHORE PREFERENCE SHARE ISSUANCE PLAN OF THE COMPANY

Page 28 of 56




Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Type of Preference Shares to be Issued in Relation to the Offshore Preference Share Issuance Plan of the Company

11.01

Mgmt For For Approve Number of Preference Shares to be Issued and Issue Size in Relation to the Offshore Preference Share Issuance Plan of the Company

11.02

Mgmt For For Approve Method of Issuance in Relation to the Offshore Preference Share Issuance Plan of the Company

11.03

Mgmt For For Approve Par Value and Issue Price in Relation to the Offshore Preference Share Issuance Plan of the Company

11.04

Mgmt For For Approve Maturity in Relation to the Offshore


Mgmt For For Approve Target Investors in Relation to the Offshore Preference Share Issuance Plan of the Company

11.06

Mgmt For For Approve Lock-Up Period in Relation to the Offshore Preference Share Issuance Plan of the Company

11.07

Mgmt For For Approve Terms of Distribution of Dividends in Relation to the Offshore Preference Share Issuance Plan of the Company

11.08

Mgmt For For Approve Terms of Mandatory Conversion in Relation to the Offshore Preference Share Issuance Plan of the Company

11.09

Mgmt For For Approve Terms of Conditional Redemption in Relation to the Offshore Preference Share Issuance Plan of the Company

11.10

Mgmt For For Approve Restrictions on Voting Rights in Relation to the Offshore Preference Share Issuance Plan of the Company

11.11

Mgmt For For Approve Restoration of Voting Rights in Relation to the Offshore Preference Share Issuance Plan of the Company

11.12

Mgmt For For Approve Order of Distribution of Residual Assets and Basis for Liquidation in Relation to the Offshore Preference Share Issuance Plan of the Company

11.13

Mgmt For For Approve Rating in Relation to the Offshore


Mgmt For For Approve Security in Relation to the Offshore


Mgmt For For Approve Use of Proceeds from the Issuance of

the Offshore Preference Shares 11.16

Page 29 of 56




Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Transfer in Relation to the Offshore


Mgmt For For Approve Relationship Between Offshore and Domestic Issuance in Relation to the Offshore Preference Share Issuance Plan of the Company

11.18

Mgmt For For Approve Validity Period of the Resolution in Respect of the Issuance of the OffshorePreference Shares

11.19

Mgmt For For Approve The Application and Approval Procedures to be Completed for the Issuance in Relation to the Offshore Preference Share Issuance Plan of the Company

11.20

Mgmt For For Approve Matters Relating to Authorization in Relation to the Offshore Preference Share Issuance Plan of the Company

11.21

Mgmt For For Approve Proposal on the Impact on Dilution of Immediate Returns of the Issuance of Preference Shares and the Remedial Measures of the Company

12

Mgmt For For Approve Proposal on Formulating the Shareholder Return Plan for 2018 to 2020 of the Company

13

Jiangsu Expressway Co. Ltd.



Primary ISIN: CNE1000003J5 Primary SEDOL: 6005504

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction



Mgmt ELECT NON-INDEPENDENT DIRECTOR VIA CUMULATIVE VOTING

Mgmt For For Elect Sun Xibin as Director and Approve the Signing of an Executive Director Service Contract with Him

2.01

Mgmt ELECT INDEPENDENT DIRECTOR VIA CUMULATIVE VOTING

Page 30 of 56



Jiangsu Expressway Co. Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Elect Liu Xiaoxing as Director and Approve the Signing of a Non-executive Director Service Contract with Him

3.01

Kangwon Land, Inc.



Primary ISIN: KR7035250000 Primary SEDOL: 6683449

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

ELECT TWO OUTSIDE DIRECTORS OUT OF FOUR NOMINEES (BUNDLED)

Mgmt

Mgmt For For Elect Directors (Bundled) 1.1.1

Mgmt Against For Elect Directors (Bundled) 1.1.2

Voter Rationale: Votes FOR Item 1.1.1 (Song Ju-han and Yoo Jae-geun) and AGAINST remaining Items 1.1.2,1.1.3,1.1.4,1.1.5 and 1.1.6 are warranted because two nominees included in the other choices, Lee Moon-geun and Lee Tae-hui, have worked in government and a subcontractor company and may compromise independence of the board and expose shareholders to unnecessary risks.









Mgmt ELECT ONE OUTSIDE DIRECTOR OUT OF TWO NOMINEES

Page 31 of 56



Kangwon Land, Inc. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Elect Kim Ju-young as Outside Director 1.2.1

Voter Rationale: Votes FOR Item 1.2.2 (Choi Gyeong-sik) and AGAINST Item 1.2.1 (Kim Ju-young) are warranted because Choi has worked in government owned companies or organizations and may compromise independence of the board and expose shareholders to unnecessary risks.

Mgmt For For Elect Choi Gyeong-sik as Outside Director 1.2.2

Kweichow Moutai Co., Ltd.



Primary ISIN: CNE0000018R8 Primary SEDOL: 6414832

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Wang Yan as Non-Independent Director Mgmt For For

Kweichow Moutai Co., Ltd.



Primary ISIN: CNE0000018R8 Primary SEDOL: 6414832

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Elect Li Jingren as Non-Independent Director Mgmt For For

Larsen & Toubro Ltd.



Primary ISIN: INE018A01030 Primary SEDOL: B0166K8

Page 32 of 56



Larsen & Toubro Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Postal Ballot Mgmt

Mgmt For For Approve Buy Back of Equity Shares 1

Lee & Man Paper Manufacturing Ltd.



Primary ISIN: KYG5427W1309 Primary SEDOL: 6693772

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Buying Agent Agreement, Proposed Annual Caps and Related Transactions

Mgmt For For

Lens Technology Co., Ltd.



Primary ISIN: CNE100001YW7 Primary SEDOL: BW9LDQ4

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Termination of Implementation of Performance Share and Stock Option Incentive Plan and Repurchase and Cancellation of Shares

that has been Granted

Mgmt For For


Lotte Corp.



Primary ISIN: KR7004990008 Primary SEDOL: 6535432

Page 33 of 56



Lotte Corp.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Reduction in Capital Mgmt For For

Mgmt For For Approval of Reduction of Capital Reserve 2

Magnitogorsk Iron & Steel Works PJSC


Meeting Type: Special Ticker: MAGN

Primary ISIN: RU0009084396 Primary SEDOL: B5B1RP0

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Meeting for GDR Holders Mgmt

Mgmt For For Approve Interim Dividends of for First Nine Months of Fiscal 2018

1

Mexichem SAB de CV

Meeting Date: 11/26/2018 Country: Mexico

Meeting Type: Special Ticker: MEXCHEM

Primary ISIN: MX01ME050007 Primary SEDOL: 2434760

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Ordinary Business Mgmt

Mgmt For For Approve Cash Dividends of up to USD 168

Million 1

Mgmt For For Authorize Board to Ratify and Execute Approved

Resolutions 2

Page 34 of 56



Motherson Sumi Systems Ltd.



Primary ISIN: INE775A01035 Primary SEDOL: 6743990

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Postal Ballot Mgmt

Mgmt For For Increase Authorized Share Capital and Amend Memorandum of Association

1

Mgmt For For Approve Issuance of Bonus Shares 2

Motor Oil (Hellas) Corinth Refineries SA

Meeting Date: 10/24/2018 Country: Greece

Meeting Type: Special Ticker: MOH

Primary ISIN: GRS426003000 Primary SEDOL: 5996234

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Special Meeting Agenda Mgmt

Mgmt For For Approve Related Party Transactions with Zencharm Holdings Limited on Operation and Management of Tallon Commodities Limited

1

Mgmt For For Approve Related Party Transactions with Zencharm Holdings Limited on Operation and Management of Tallon PTE LTD

2

Mgmt For For Amend Corporate Purpose 3

Nedbank Group Ltd.


Meeting Type: Special Ticker: NED


Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Special Resolution Mgmt

Page 35 of 56



Nedbank Group Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Authorise Specific Repurchase of Shares from

the Odd-lot Holders 1

Mgmt Ordinary Resolutions

Mgmt For For Authorise Implementation of the Odd-lot Offer 1


Novolipetsk Steel


Meeting Type: Special Ticker: NLMK

Primary ISIN: RU0009046452 Primary SEDOL: B59FPC7

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Meeting for GDR Holders Mgmt

Mgmt For For Approve Interim Dividends for First Nine Months of Fiscal 2018

1

Mgmt For For Approve New Edition of Charter 2.1

Mgmt For For Approve New Edition of Regulations on General Meetings

2.2

Mgmt For For Approve New Edition of Regulations on Board of Directors

2.3

Mgmt For For Approve New Edition of Regulations on Management

2.4

Mgmt For For Approve New Edition of Regulations on Remuneration of Directors

2.5

Mgmt For For Cancel Regulations on Audit Commission 2.6

Mgmt For For Cancel Regulations on Remuneration of Audit Commission

2.7

Mgmt For For Approve Early Termination of Powers of Audit Commission

3

Oil Co. LUKOIL PJSC


Meeting Type: Special Ticker: LKOH

Primary ISIN: RU0009024277 Primary SEDOL: B59SNS8

Page 36 of 56



Oil Co. LUKOIL PJSC

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Meeting for ADR/GDR Holders Mgmt

Mgmt For For Approve Interim Dividends for First Nine Months

of Fiscal 2018 1

Mgmt For For Approve Remuneration of Directors 2

Mgmt For For Amend Charter 3

People's Insurance Co. (Group) of China Ltd.



Primary ISIN: CNE100001MK7 Primary SEDOL: B8RZJZ1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Remuneration of Directors and Supervisors

Mgmt For For

Petroleo Brasileiro SA


Meeting Type: Special Ticker: PETR4

Primary ISIN: BRPETRACNPR6 Primary SEDOL: 2684532

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Meeting for ADR Holders Mgmt

Mgmt For For Elect Ivan de Souza Monteiro and Durval Jose

Soledade Santos as Directors 1a

Mgmt Against None In Case There is Any Change to the Board Slate Composition, May Your Votes Still be Counted for the Proposed Slate?

1b

Voter Rationale: A vote AGAINST this request is warranted because potential changes in the board slate composition can impact the board's independence level in a way that cannot be anticipated by shareholders at this time. As such, due to the lack of timely disclosure, international institutional investors are prevented from making an informed voting decision.

Page 37 of 56



Petroleo Brasileiro SA Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Abstain None In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes to All Nominees in the Slate?

1c

Voter Rationale: ABSTAIN vote recommendation is warranted for this item in the absence of publicly-available information, disclosed in a timely manner, regarding a cumulative voting request presented by shareholders.

Mgmt For For Amend Articles 2

Mgmt For For Consolidate Bylaws 3

Mgmt Against For Approve Remuneration of Audit Committee Members

4

Voter Rationale: We urge the board to take immediate steps to provide shareholders with the information referred to in item 13 of the Reference Form in CVM Instruction 480

Petroleo Brasileiro SA


Meeting Type: Special Ticker: PETR4

Primary ISIN: BRPETRACNPR6 Primary SEDOL: 2684532

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt Against For Amend Articles 23, 28, 30 and Consolidate

Bylaws 1

Voter Rationale: Changes in company's articles or by-laws should not erode shareholder rights.

Mgmt For For Approve Absorption of PDET Offshore SA 2

Ping An Insurance (Group) Co. of China Ltd.



Primary ISIN: CNE1000003X6 Primary SEDOL: B01FLR7

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt APPROVE THE ELECTION OF DIRECTORS OF

THE COMPANY

Page 38 of 56



Ping An Insurance (Group) Co. of China Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Elect Ng Sing Yip as Director 1.01

Mgmt For For Elect Chu Yiyun as Director 1.02

Mgmt For For Elect Liu Hong as Director 1.03

Mgmt For For Approve the Implementation of the Long-term

Service Plan 2

Mgmt For For Approve the Issuing of Debt Financing

Instruments 3


Mgmt For For Authorize Repurchase of Issued Share Capital 5

Power Grid Corp. of India Ltd.



Primary ISIN: INE752E01010 Primary SEDOL: B233HS6

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Postal Ballot Mgmt

Mgmt For For Amend Objects Clause of Memorandum of Association

1

Mgmt For For Approve Increase in Limit on Foreign Shareholdings

2

PT Adaro Energy Tbk

Meeting Date: 12/14/2018 Country: Indonesia

Meeting Type: Special Ticker: ADRO

Primary ISIN: ID1000111305 Primary SEDOL: B3BQFC4

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Changes in Board of Company Mgmt For For

Page 39 of 56



PT Bukit Asam Tbk


Meeting Type: Special Ticker: PTBA

Primary ISIN: ID1000094006 Primary SEDOL: 6565127

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Exposure and Evaluation of Third Semester Performance 2018

SH None For

SH Against None Approve Changes in Board of Company 2

PT Matahari Department Store Tbk


Meeting Type: Special Ticker: LPPF

Primary ISIN: ID1000113301 Primary SEDOL: 6665878

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Share Repurchase Program Mgmt For For

Mgmt For For Reaffirm Composition of Shareholders of the

Company 2

PT Surya Citra Media Tbk


Meeting Type: Special Ticker: SCMA

Primary ISIN: ID1000125305 Primary SEDOL: B8HWJY1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Share Repurchase Program Mgmt For For

Page 40 of 56



RMB Holdings Ltd.


Meeting Type: Annual Ticker: RMH


Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt Against For Re-elect Johan Burger as Director 1.1

Voter Rationale: For widely held companies, the board should include at least 50% independent non-executive directors to ensure appropriate balance of independence and objectivity.

Mgmt Against For Re-elect Laurie Dippenaar as Director 1.2


Mgmt Against For Re-elect Paul Harris as Director 1.3


Mgmt Against For Re-elect Albertinah Kekana as Director 1.4


Mgmt For For Elect Mamongae Mahlare as Director 1.5

Mgmt For For Elect Ralph Mupita as Director 1.6

Mgmt For For Elect James Teeger as Director 1.7

Mgmt For For Place Authorised but Unissued Shares under

Control of Directors 2


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

4


Mgmt For For Re-elect Sonja De Bruyn as Member of the Audit and Risk Committee

5.1

Mgmt For For Re-elect Per-Erik Lagerstrom as Member of the Audit and Risk Committee

5.2

Mgmt For For Elect James Teeger as Member of the Audit and Risk Committee

5.3



Mgmt For For Approve Non-executive Directors' Remuneration 1

Page 41 of 56



RMB Holdings Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Authorise Issue of Shares or Options Pursuant

to a Reinvestment Option 3

Mgmt Against For Approve Financial Assistance to Directors, Prescribed Officers and Employee Share Scheme Beneficiaries

4

Voter Rationale: Shareholder funds should not be used to grant financial assistance to directors, officers or related persons without a clearly disclosed and fully justified explanation.

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

5

Sanlam Ltd.


Meeting Type: Special Ticker: SLM

Primary ISIN: ZAE000070660 Primary SEDOL: B0L6750

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

Special Resolutions Mgmt

Mgmt For For Authorise Issue of Shares to SU BEE Investment

SPV (RF) Proprietary Limited 1

Mgmt For For Approve Financial Assistance to SU BEE Funding SPV (RF) Proprietary Limited in Terms of Sections 44 and 45 of the Companies Act

2

Mgmt For For Approve Financial Assistance to Ubuntu-Botho Investments Proprietary Limited in Terms of Sections 44 and 45 of the Companies Act

3

Mgmt Ordinary Resolution


Sasol Ltd.


Meeting Type: Annual Ticker: SOL


Page 42 of 56



Sasol Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Colin Beggs as Director Mgmt For For

Mgmt For For Re-elect Stephen Cornell as Director 1.2

Mgmt For For Re-elect Manuel Cuambe as Director 1.3

Mgmt For For Re-elect JJ Njeke as Director 1.4

Mgmt For For Re-elect Bongani Nqwababa as Director 1.5

Mgmt For For Elect Muriel Dube as Director 2.1

Mgmt For For Elect Martina Floel as Director 2.2

Mgmt For For Reappoint PricewaterhouseCoopers Inc as Auditors of the Company and Appoint N Ndiweni as Individual Registered Auditor

3

Mgmt For For Re-elect Colin Beggs as Member of the Audit

Committee 4.1

Mgmt For For Re-elect Trix Kennealy as Member of the Audit

Committee 4.2

Mgmt For For Re-elect Nomgando Matyumza as Member of

the Audit Committee 4.3

Mgmt For For Re-elect JJ Njeke as Member of the Audit

Committee 4.4

Mgmt For For Re-elect Stephen Westwell as Member of the

Audit Committee 4.5


Voter Rationale: The remuneration committee should not allow vesting of incentive awards for below median performance.

Mgmt Against For Approve Implementation Report of the Remuneration Policy

6


Mgmt For For Approve Remuneration Payable to Non-executive Directors

7

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

8

Mgmt For For Authorise Repurchase of Issued Share Capital and/or Sasol BEE Ordinary Shares

9

Mgmt For For Authorise Repurchase of Issued Share Capital from a Director and/or a Prescribed Officer of

the Company

10

Mgmt For For Amend Memorandum of Incorporation Re: Termination of Contract Verification Process and the Adoption of the BEE Verification Agent Process

11

Page 43 of 56



Sasol Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Authorise Issue of SOLBE1 Shares Pursuant to

the Automatic Share Exchange 12

Semiconductor Manufacturing International Corp.



Primary ISIN: KYG8020E1199 Primary SEDOL: BDFBM13

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Framework Agreement, Annual Caps and Related Transactions

Mgmt For For

Mgmt Against For Approve Centralised Fund Management Agreement, Annual Caps and Related Transactions

2

Voter Rationale: In the absence of compelling economic rationale such pooling of the group s cash through an unlisted financial vehicle may give the parent company control over the listed company s finances.

Mgmt Against For Approve Grant of Restricted Share Units to

Lip-Bu Tan 3a

Voter Rationale: Variable remuneration and equity incentives should not be granted to non-executive directors as this may compromise their independence and ability to hold management accountable. Also, incentive awards to executives should be clearly disclosed and include robust and stretching performance targets to reward strong performance and drive shareholder value over a sufficiently long period of time. Lastly, share-based incentive plans for executives and employees should be submitted to shareholder approval as separate voting items.

Mgmt Against For Approve Grant of Restricted Share Units to Chen

Shanzhi 3b


Mgmt Against For Approve Grant of Restricted Share Units to

William Tudor Brown 3c


Page 44 of 56



Semiconductor Manufacturing International Corp. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt Against For Authorize Board to Exercise the Powers in Relation to the Proposed Grant of Restricted Share Units

3d


Shandong Weigao Group Medical Polymer Co. Ltd.



Primary ISIN: CNE100000171 Primary SEDOL: 6742340

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Distribution of Interim Dividend Mgmt For For

Mgmt For For Elect Long Jing as Director 2


Sime Darby Bhd.



Primary ISIN: MYL4197OO009 Primary SEDOL: B29TTR1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Directors' Fees for the Financial year Ended June 30, 2018

Mgmt For For

Mgmt For For Approve Directors' Fees for the Period from July 1, 2018 Until the Next AGM

2

Mgmt For For Approve Directors' Benefits 3

Mgmt Against For Elect Mohamed Azman Yahya as Director 4


Page 45 of 56



Sime Darby Bhd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Elect Abdul Hamidy Abdul Hafiz as Director 5

Mgmt For For Elect Ahmad Pardas Senin as Director 6

Mgmt For For Elect Thayaparan Sangarapillai as Director 7

Mgmt For For Elect Jeffri Salim Davidson as Director 8

Mgmt For For Elect Lawrence Lee Cheow Hock as Director 9

Mgmt For For Elect Moy Pui Yee as Director 10

Mgmt For For Elect Abdul Aziz Wan Abdullah as Director 11

Mgmt For For Elect Selamah Wan Sulaiman as Director 12

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

13

Mgmt For For Authorize Share Repurchase Program 14

Mgmt For For Approve Implementation of Shareholders' Mandate for Recurrent Related Party Transactions

15

Mgmt Against For Approve Grant of Shares to Jeffri Salim Davidson Under the Performance-Based Employee Share Scheme

16


SINOPEC Engineering (Group) Co., Ltd.



Primary ISIN: CNE100001NV2 Primary SEDOL: B92NYC9

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Financial Services Framework Agreement, Proposed Annual Caps and Related Transactions

Mgmt For Against

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

Mgmt For For Approve Engineering and Construction Services Framework Agreement, Proposed Annual Caps and Related Transactions

2

Mgmt For For Elect Yu Baocai as Director 3

Mgmt For For Elect Lu Dong as Director 4

Page 46 of 56



SINOPEC Engineering (Group) Co., Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Elect Xiang Wenwu as Director 5

Mgmt For For Elect Wu Wenxin as Director 6

Mgmt Against For Elect Hui Chiu Chung, Stephen as Director 7


Mgmt For For Elect Jin Yong as Director 8

Mgmt For For Elect Ye Zheng as Director 9

Mgmt For For Elect Zhu Fei as Supervisor 10

Mgmt For For Elect Wang Guoliang as Supervisor 11

Mgmt For For Elect Ye Wenbang as Supervisor 12

Mgmt For For Elect Wu Jibo as Supervisor 13

Mgmt For For Amend Articles of Association and Related Transactions

14

Sinopec Shanghai Petrochemical Co. Ltd.



Primary ISIN: CNE1000004C8 Primary SEDOL: 6797458

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Elect Shi Wei as Director 1

Voter Rationale: For companies without an independent chairman, a senior independent director should be appointed to serve as an additional safeguard and point of communication for shareholders.

Mgmt For For Amend Articles of Association and Its Appendix 2

Sinopharm Group Co., Ltd.



Primary ISIN: CNE100000FN7 Primary SEDOL: B3ZVDV0

Page 47 of 56



Sinopharm Group Co., Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Elect Hu Jianwei as Director and Authorize Board to Enter into the Service Contract with Him

Mgmt For For

Mgmt For For Elect Chen Fangruo as Director and Authorize Board to Enter into the Service Contract with Him

2

SH For For Elect Yu Qingming as Director and Authorize Board to Enter into the Service Contract with Him

3

Tatneft PJSC


Meeting Type: Special Ticker: TATN

Primary ISIN: RU0009033591 Primary SEDOL: B59BXN2

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Approve Interim Dividends for First Nine Months of Fiscal 2018

1

Top Glove Corp. Bhd.



Primary ISIN: MYL7113OO003 Primary SEDOL: B05L892

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Removal of Low Chin Guan as Director SH None Against

Voter Rationale: We await the outcomes of the investigation.

Page 48 of 56



Top Glove Corp. Bhd.



Primary ISIN: MYL7113OO003 Primary SEDOL: B05L892

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Approve Bonus Issue 1

Mgmt For For Approve Bonds Issue 2

Mgmt Special Resolution

Mgmt For For Amend Constitution Re: Bonus Issue 1

Truworths International Ltd.


Meeting Type: Annual Ticker: TRU


Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Reports for the Year Ended 1 July 2018 Mgmt For For

Mgmt For For Re-elect Michael Mark as Director 2.1

Mgmt Against For Re-elect Anthony Taylor as Director 2.2

Voter Rationale: For widely held companies, the board should include at least 50% independent non-executive directors to ensure appropriate balance of independence and objectivity. In addition, the remuneration committee should be independent and this director's membership could hamper the committee's impartiality and effectiveness. Moreover, the nomination committee should be majority independent and this director's membership could hamper the committee's impartiality and effectiveness.

Mgmt For For Re-elect David Pfaff as Director 2.3

Mgmt For For Elect Maya Makanjee as Director 2.4

Mgmt For For Elect Hans Hawinkels as Director 2.5



Page 49 of 56



Truworths International Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Reappoint Ernst & Young Inc as Auditors of the Company with Tina Rookledge as the Registered Auditor and Authorise Their Remuneration

5


Mgmt For For Approve Fees of the Non-executive Chairman 6.1

Mgmt For For Approve Fees of the Non-executive Directors 6.2

Mgmt For For Approve Fees of the Audit Committee Chairman 6.3

Mgmt For For Approve Fees of the Audit Committee Member 6.4

Mgmt For For Approve Fees of the Remuneration Committee Chairman

6.5

Mgmt For For Approve Fees of the Remuneration Committee Member

6.6

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

6.7

Mgmt For For Approve Fees of the Non-executive and Nomination Committee Chairman

6.8

Mgmt For For Approve Fees of the Non-executive and Nomination Committee Member

6.9

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

6.10

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

6.11

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

7.1

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

7.2


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

7.3


Mgmt For For Approve Remuneration Policy 8.1


Mgmt For For Approve Remuneration Implementation Report 8.2


Mgmt For For Approve Social and Ethics Committee Report 9

Page 50 of 56



Truworths International Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Re-elect Michael Thompson as Member of the

Social and Ethics Committee 10.1

Mgmt For For Re-elect Thandi Ndlovu as Member of the Social

and Ethics Committee 10.2

Mgmt For For Re-elect David Pfaff as Member of the Social

and Ethics Committee 10.3


Inter-related Company 11

Weichai Power Co., Ltd.



Primary ISIN: CNE1000004L9 Primary SEDOL: 6743956

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction


Mgmt For For Approve Merger and Absorption of Weichai Power (Weifang) After-sales Service Co., Ltd. by the Company

1

Mgmt For For Amend the Terms of Reference of the Nomination Committee

2

Mgmt For For Approve Grant of Guarantee by the Company for the Benefit of Weichai Power Hong Kong International Development Co., Limited in

Respect of a Loan

3

Wilson Bayly Holmes-Ovcon Ltd.


Meeting Type: Annual Ticker: WBO


Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Page 51 of 56



Wilson Bayly Holmes-Ovcon Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Reappoint BDO South Africa Inc as Auditors of the Company with Jeanie Roberts as the Designated Auditor

1


Mgmt For For Elect Karen Forbay as Director 2.1

Mgmt For For Elect Cobus Bester as Director 2.2

Mgmt For For Elect Hatla Ntene as Director 2.3

Mgmt For For Re-elect Savannah Maziya as Director 3

Mgmt For For Elect Cobus Bester as Chairperson of the Audit Committee

4.1

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

4.2

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

4.3

Mgmt For For Elect Karen Forbay as Member of the Audit Committee

4.4

Mgmt For For Elect Hatla Ntene as Chairperson of the Social and Ethics Committee

5.1

Mgmt For For Elect Ross Gardiner as Member of the Social and Ethics Committee

5.2

Mgmt For For Elect Karen Forbay as Member of the Social and Ethics Committee

5.3

Mgmt For For Elect Shereen Vally-Kara as Member of the Social and Ethics Committee

5.4

Mgmt For For Elect Andrew Logan as Member of the Social and Ethics Committee

5.5

Mgmt For For Elect Samuel Gumede as Member of the Social and Ethics Committee

5.6



Mgmt Against For Approve Remuneration Policy and

Implementation Report 7



8



Mgmt For For Approve Non-executive Directors' Fees 1

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

2

Page 52 of 56



Wilson Bayly Holmes-Ovcon Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Woolworths Holdings Ltd.


Meeting Type: Annual Ticker: WHL

Primary ISIN: ZAE000063863 Primary SEDOL: B06KZ97

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1.1 Re-elect Patrick Allaway as Director Mgmt For For

Mgmt For For Re-elect Andrew Higginson as Director 1.2

Mgmt For For Re-elect Gail Kelly as Director 1.3

Mgmt For For Re-elect Zyda Rylands as Director 1.4

Mgmt For For Elect Sizakele Mzimela as Director 2.1

Mgmt For For Reappoint Ernst & Young Inc as Auditors of the Company with Johanna Cornelia de Villiers as the Designated Auditor

3


Mgmt For For Re-elect Patrick Allaway as Member of the Audit

Committee 4.1

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

Committee 4.2

Mgmt For For Re-elect Hubert Brody as Chairman of the Audit

Committee 4.3

Mgmt For For Re-elect Andrew Higginson as Member of the

Audit Committee 4.4

Mgmt For For Approve Remuneration Policy 5


Voter Rationale: All exceptional awards should be clearly linked to performance and demonstrate shareholder value creation in addition to and above that expected of directors as a normal part of their jobs.and drive shareholder value over a sufficiently long period of time.

Mgmt For For Approve Non-executive Directors' Fees 7



Inter-related Companies 9

Page 53 of 56



Woolworths Holdings Ltd. Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

Mgmt For For Approve Issuance of Shares or Options and Grant Financial Assistance in Terms of the Company's Share-Based Incentive Schemes

10

Woori Bank



Primary ISIN: KR7000030007 Primary SEDOL: BSP5RP9

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Formation of Holding Company Mgmt For For

Mgmt For For Elect Ro Sung-tae as Outside Director 2.1

Mgmt For For Elect Park Sang-yong as Outside Director 2.2

Mgmt For For Elect Park Soo-man as Outside Director 2.3

Mgmt For For Elect Lee Jae-kyung as Non-independent Non-executive Director

2.4

Mgmt For For Elect Chung Chan-hyoung as Outside Director to serve as Audit Committee member

3.1

Mgmt For For Elect Kim Joon-ho as Outside Director to serve as Audit Committee member

3.2

XCMG Construction Machinery Co., Ltd.



Primary ISIN: CNE000000FH0 Primary SEDOL: 6984249

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Change in the Usage of Raised Funds Mgmt For For


Page 54 of 56



YiChang HEC ChangJiang Pharmaceutical Co. Ltd.



Primary ISIN: CNE1000023R6 Primary SEDOL: BYPHSW1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction

1 Approve Proposed Issuance of H Share Convertible Bonds, Issuance of the Conversion

Shares and Related Transactions

Mgmt For For

Mgmt Against For Elect Eddy Huang as Director and Authorize Board to Determine the Commencement Date of

His Appointment

2

Voter Rationale: The board should include at least 33% independent non-executive directors to ensure appropriate balance of independence and objectivity.

Mgmt For For Approve Distribution of Interim Dividends 3

YiChang HEC ChangJiang Pharmaceutical Co. Ltd.



Primary ISIN: CNE1000023R6 Primary SEDOL: BYPHSW1

Proposal

Number

Proponent

Proposal Text

Mgmt Rec

Vote

Instruction


Mgmt For For Approve Proposed Issuance of H Share Convertible Bonds, Issuance of the Conversion Shares and Related Transactions

1

Zhejiang Huace Film & TV Co., Ltd.



Primary ISIN: CNE100000VX3 Primary SEDOL: B4JWBN4

Page 55 of 56



Zhejiang Huace Film & TV Co., Ltd.

Proposal Number

Proponent

Proposal Text

Mgmt Rec

Vote Instruction

1 Approve Repurchase and Cancellation of

Performance Shares Mgmt For For

Mgmt For For Approve Change in Registered Capital and

Amend Articles of Association 2

Page 56 of 56

Time & Life Building

1 Bruton Street

4th Floor

London W1J 6TL

United Kingdom

+44 (0)20 7518 8950

The information, opinions estimates or forecasts contained in this document were obtained from sources

reasonably believed to be reliable and are subject to change at any time. The report reflects voting

instructions given, not votes cast and the information has been provided by an external supplier. BMO

Global Asset Management may from time to time deal in investments that may be mentioned herein on

behalf of their clients. © 2015 BMO Global Asset Management. All rights reserved. BMO Global Asset

Management is a trading name of F&C Management Limited, which is authorised and regulated by the

Financial Conduct Authority.

Documents

The SEI Emerging Markets Equity Fund - Global · 2019-07-04 · The SEI Emerging Markets Equity Fund All Votes Report Vote Summary Report Date range covered: 10/01/2018 to 12/31/2018