NottinghamshireCCPensionFund Nottinghamshire CC Pension Fund PROXY VOTING REVIEW PERIOD 1st April 2017 to 30th June 2017 01-04-2017 to30-06-2017 1of947 NottinghamshireCCPensionFund Contents 1 ResolutionAnalysis 3 1.1 Numberofmeetingsvotedbygeographicallocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1.2 NumberofResolutionsbyVoteCategories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 1.3 Listofmeetingsnotvotedandreasonswhy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1.4 Listofmeetingswithrejectedvotesandreasonswhy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 1.5 NumberofVotesbyRegion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 1.6 VotesMadeinthePortfolioPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 1.7 VotesMadeintheUKPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 1.8 VotesMadeintheUSPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.9 ShareholderVotesMadeintheUSPerResolutionCategory. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 1.10 VotesMadeintheEUPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 1.11 VotesMadeintheGLPerResolutionCategory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 1.12 GeographicBreakdownofMeetingsAllSupported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 1.13 Listofallmeetingsvoted. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 2 NotableOpposeVoteResultsWithAnalysis 40 3 Oppose/AbstainVotesWithAnalysis 277 4 Appendix 945 01-04-2017 to30-06-2017 2of947 NottinghamshireCCPensionFund 1 Resolution Analysis • Numberofresolutionsvoted: 9994(notethatitMAYincludenon-votingitems). • Numberofresolutionssupportedbyclient: 6017 • Numberofresolutionsopposedbyclient: 2741 • Numberofresolutionsabstainedbyclient: 461 • NumberofresolutionsNon-voting: 347 • NumberofresolutionsWithheldbyclient: 172 • NumberofresolutionsNotSupportedbyclient: 14 1.1 Number of meetings voted by geographical location Location NumberofMeetingsVoted UK&BRITISHOVERSEAS 132 EUROPE&GLOBALEU 170 USA&CANADA 272 ASIA 1 JAPAN 54 TOTAL 629 01-04-2017 to30-06-2017 3of947 NottinghamshireCCPensionFund 1.2 Number of Resolutions by Vote Categories VoteCategories NumberofResolutions For 6017 Abstain 461 Oppose 2741 Non-Voting 347 NotSupported 14 Withhold 172 USFrequencyVoteonPay 240 Withdrawn 1 TOTAL 9994 01-04-2017 to30-06-2017 4of947 NottinghamshireCCPensionFund 1.3 List of meetings not voted and reasons why Company MeetingDate Type Comment VOLVOAB 04-04-2017 AGM Nopowerofattorney HENKELAG&CoKGaA 06-04-2017 AGM Shareshavenovotingrights LOREALSA 20-04-2017 AGM Zerovotableshares SCHNEIDERELECTRICSA 25-04-2017 AGM Zerovotableshares VIVENDISA 25-04-2017 AGM Zerovotableshares BALLCORPORATION 26-04-2017 AGM NULL BOUYGUESSA 27-04-2017 AGM Zerovotableshares ESSILORINTERNATIONALSA 11-05-2017 EGM Non-votingagenda LEARCORPORATION 18-05-2017 AGM Noballotreceived CBSCORPORATION 19-05-2017 AGM Novotingrights PORSCHEAUTOMOBILHOLDINGSE 30-05-2017 AGM Shareshavenovotingrights STOAG 14-06-2017 AGM Novotingrights AMECFOSTERWHEELERPLC 15-06-2017 AGM Zerovotableshares TAKUMACOLTD 28-06-2017 AGM Noballotreceived DAIWAHOUSEINDUSTRYCO 29-06-2017 AGM Noballotreceived 01-04-2017 to30-06-2017 5of947 NottinghamshireCCPensionFund 1.4 List of meetings with rejected votes and reasons why Company MeetingDate Type Comment BONAVAAB 26-09-2016 EGM NoPOA SWEDISHMATCHAB 16-12-2016 EGM NoPowerofAttorney ELECTROLUXAB 23-03-2017 AGM Nopowerofattorney HUFVUDSTADENAB 23-03-2017 AGM Nopowerofattorney NOVONORDISKA/S 23-03-2017 AGM Nopowerofattorney HOLMENAB 27-03-2017 AGM Nopowerofattorney HOLMENAB 27-03-2017 AGM NoPowerofattorney APMOLLER-MAERSKAS 28-03-2017 AGM NoPowerofAttorney SKANDINAVISKAENSKILDABANKEN(SEB) 28-03-2017 AGM NoPowerofAttorney ERICSSON 29-03-2017 AGM Nopowerofattorney SKFAB 29-03-2017 AGM NoPowerofattorney FABEGEAB 29-03-2017 AGM NoPowerofattorney SVENSKAHANDELSBANKEN 29-03-2017 AGM Nopowerofattoney SWEDBANKAB 30-03-2017 AGM Nopowerofattorney SKANSKAAB 04-04-2017 AGM Nopowerofattorney HUSQVARNAAB 04-04-2017 AGM Nopowerofattorney BONAVAAB 04-04-2017 AGM Nopowerotattorney VOLVOAB 04-04-2017 AGM Nopowerofattorney AUTOLIVINC 09-05-2017 AGM NoPowerofAttorney BILLERUDAB 10-05-2017 AGM NoPowerofAttorney HENNES&MAURITZAB(H&M) 10-05-2017 AGM NoPowerofAttorney SWEDISHMATCHAB 04-05-2017 AGM NoPowerofAttorney INVESTORAB 03-05-2017 AGM NoPowerofAttorney SANDVIKAB 27-04-2017 AGM NoPowerofAttorney WIHLBORGSFASTIGHETERAB 26-04-2017 AGM NoPowerofAttorney ATLASCOPCOAB 26-04-2017 AGM NoPowerofAttorney 01-04-2017 to30-06-2017 6of947 NottinghamshireCCPensionFund VESTASWINDSYSTEMSAS 06-04-2017 AGM NoPowerofAttorney NCCAB 05-04-2017 AGM NoPowerofAttorney 01-04-2017 to30-06-2017 7of947 NottinghamshireCCPensionFund 1.5 Number of Votes by Region Not USFrequency For Abstain Oppose Non-Voting Supported Withhold Withdrawn VoteonPay Total UK&BRITISHOVERSEAS 1713 127 492 0 0 0 0 2 2334 EUROPE&GLOBALEU 1664 149 968 347 11 0 0 5 3144 USA&CANADA 2069 181 1203 0 3 172 1 232 3861 ASIA 7 1 4 0 0 0 0 1 13 JAPAN 564 3 75 0 0 0 0 0 642 TOTAL 6017 461 2742 347 14 172 1 240 9994 01-04-2017 to30-06-2017 8of947 NottinghamshireCCPensionFund 1.6 Votes Made in the Portfolio Per Resolution Category Portfolio For Abstain Oppose Non-Voting NotSupported Withheld Withdrawn AllEmployeeSchemes 30 0 11 0 0 0 0 AnnualReports 354 70 307 0 0 0 0 ArticlesofAssociation 115 5 10 0 0 0 0 Auditors 243 71 320 0 0 9 0 CorporateActions 12 0 2 0 0 0 0 CorporateDonations 46 14 0 0 0 0 0 Debt&Loans 8 0 5 0 0 0 0 Directors 3893 167 1091 0 11 163 0 Dividend 284 1 10 0 0 0 0 ExecutivePaySchemes 20 2 172 0 0 0 0 Miscellaneous 222 7 34 0 0 0 0 NEDFees 86 4 13 0 0 0 0 Non-Voting 0 0 0 347 0 0 0 SayonPay 8 114 152 0 3 0 0 ShareCapitalRestructuring 63 1 7 0 0 0 0 ShareIssue/Re-purchase 405 3 445 0 0 0 0 ShareholderResolution 225 2 162 0 0 0 1 01-04-2017 to30-06-2017 9of947 NottinghamshireCCPensionFund 1.7 Votes Made in the UK Per Resolution Category UK For Abstain Oppose Non-Voting NotSupported Withheld Withdrawn AnnualReports 95 4 13 0 0 0 0 RemunerationReports 34 33 46 0 0 0 0 RemunerationPolicy 2 5 67 0 0 0 0 Dividend 97 0 0 0 0 0 0 Directors 879 37 79 0 0 0 0 ApproveAuditors 45 25 46 0 0 0 0 ShareIssues 230 3 25 0 0 0 0 ShareRepurchases 12 0 107 0 0 0 0 ExecutivePaySchemes 9 2 22 0 0 0 0 All-EmployeeSchemes 15 0 1 0 0 0 0 PoliticalDonations 46 14 0 0 0 0 0 ArticlesofAssociation 13 3 0 0 0 0 0 Mergers/CorporateActions 7 0 2 0 0 0 0 MeetingNotificationrelated 96 0 0 0 0 0 0 AllOtherResolutions 133 1 84 0 0 0 0 ShareholderResolution 0 0 0 0 0 0 0 01-04-2017 to30-06-2017 10of947
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