1 July 2016 to 30 June 2017
SPDR® MSCI World Quality Mix Fund
Proxy Voting Record
Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bed Bath & Beyond Inc.
Meeting Date: 07/01/2016 Country: USA Primary Security ID: 075896100 Record Date: 05/06/2016 Meeting Type: Annual Ticker: BBBY
Primary CUSIP: 075896100
Shares Voted: 109
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Warren Eisenberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Leonard Feinstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Steven H. Temares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Dean S. Adler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Stanley F. Barshay Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Geraldine T. Elliott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Klaus Eppler Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1h Elect Director Patrick R. Gaston Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Jordan Heller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Victoria A. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bed Bath & Beyond Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Proxy Access SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
5 Adopt Share Retention Policy For Senior SH Against Against Against No Executives
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Submit Severance Agreement SH Against Against Against No (Change-in-Control) to Shareholder Vote
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Bank Leumi le-Israel B.M.
Meeting Date: 07/11/2016 Country: Israel Primary Security ID: M16043107 Record Date: 06/09/2016 Meeting Type: Annual Ticker: LUMI
Primary CUSIP: M16043107
Shares Voted: 1,840
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Discuss Financial Statements and the Report Mgmt of the Board
2 Reappoint Somekh Chaikin and Kost Forer Mgmt For For For No Gabbay & Kasierer as Joint Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Regarding Items 3-7: Elect three directors out Mgmt of a pool of five nominees, four of which are nominated by the nomination committee
3 Reelect David Brodet as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Reelect Yoav Nardi as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Ester Levanon as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Leumi le-Israel B.M. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Elect Regina Ungar as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Shareholder Proposals Submitted by Jewish Mgmt Colonial Trust
7 Elect Yofi Tirosh as Director for a Three-Year SH None Against Against No Period
Voting Policy Rationale: The director nominee did not merit support.
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
BT Group plc
Meeting Date: 07/13/2016 Country: United Kingdom Primary Security ID: G16612106 Record Date: 07/11/2016 Meeting Type: Annual Ticker: BT.A
Primary CUSIP: G16612106
Shares Voted: 412
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Re-elect Sir Michael Rake as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BT Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Re-elect Gavin Patterson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Tony Ball as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Iain Conn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Isabel Hudson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Karen Richardson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Nick Rose as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Jasmine Whitbread as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Elect Mike Inglis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Elect Tim Hottges as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Elect Simon Lowth as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
15 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BT Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
20 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
21 Approve Political Donations Mgmt For For For No
Voting Policy Rationale: The Company does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of EU legislation. Therefore, there are no corporate governance reasons for opposing this proposal.
Industria de Diseno Textil (INDITEX)
Meeting Date: 07/19/2016 Country: Spain Primary Security ID: E6282J125 Record Date: 07/14/2016 Meeting Type: Annual Ticker: ITX
Primary CUSIP: E6282J109
Shares Voted: 181
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Standalone Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Discharge of Board
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.a Ratify Appointment of and Elect Pontegadea Mgmt For For For No Inversiones SL as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.b Elect Baronesa Kingsmill CBE as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Industria de Diseno Textil (INDITEX) Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.a Amend Article 4 Re: Registered Office Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
5.b Amend Articles Re: Panel of the General Mgmt For For For No Meetings, Deliberations and Adoption of Resolutions
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
5.c Amend Articles Re: Audit, Control and Mgmt For For For No Remuneration Committees
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5.d Amend Article 36 Re: Annual Accounts and Mgmt For For For No Allocation of Financial Results
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
5.e Approve Restated Articles of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
6 Renew Appointment of Deloitte as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Approve Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
8 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
9 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
11 Receive Amendments to Board of Directors Mgmt Regulations
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
E. I. du Pont de Nemours and Company
Meeting Date: 07/20/2016 Country: USA Primary Security ID: 263534109 Record Date: 06/02/2016 Meeting Type: Special Ticker: DD
Primary CUSIP: 263534109
Shares Voted: 107
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted in light of the strategic rationale, the post-merger leadership structure, and the initial positive market reaction.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
3 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Experian plc
Meeting Date: 07/20/2016 Country: United Kingdom Primary Security ID: G32655105 Record Date: 07/18/2016 Meeting Type: Annual Ticker: EXPN
Primary CUSIP: G32655105
Shares Voted: 193
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Elect Luiz Fleury as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4 Re-elect Brian Cassin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Experian plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Re-elect Roger Davis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Deirdre Mahlan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Lloyd Pitchford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Don Robert as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect George Rose as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Paul Walker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Kerry Williams as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Appoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
13 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
15 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Experian plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
The Dow Chemical Company
Meeting Date: 07/20/2016 Country: USA Primary Security ID: 260543103 Record Date: 06/02/2016 Meeting Type: Special Ticker: DOW
Primary CUSIP: 260543103
Shares Voted: 84
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted in light of the strategic rationale, the post-merger leadership structure, and the initial positive market reaction.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
3 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
SABMiller plc
Meeting Date: 07/21/2016 Country: United Kingdom Primary Security ID: G77395104 Record Date: 07/19/2016 Meeting Type: Annual Ticker: SAB
Primary CUSIP: G77395104
Shares Voted: 59
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SABMiller plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Re-elect Jan du Plessis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4 Re-elect Alan Clark as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5 Elect Domenic De Lorenzo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Mark Armour as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Dave Beran as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Geoffrey Bible as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Dinyar Devitre as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Guy Elliott as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Lesley Knox as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Trevor Manuel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Re-elect Dr Dambisa Moyo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Re-elect Carlos Perez Davila as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
15 Re-elect Alejandro Santo Domingo Davila as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SABMiller plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Re-elect Helen Weir as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
17 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
18 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
19 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
20 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Link Real Estate Investment Trust
Meeting Date: 07/27/2016 Country: Hong Kong Primary Security ID: Y5281M111 Record Date: 07/22/2016 Meeting Type: Annual Ticker: 823
Primary CUSIP: Y5281M111
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Note the Financial Statements and Statutory Mgmt Report Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Link Real Estate Investment Trust Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: This is a non-voting item.
2 Note the Appointment of Auditor and Fixing Mgmt of Their Remuneration
Voting Policy Rationale: This is a non-voting item.
3.1 Elect William Chan Chak Cheung as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect David Charles Watt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Elect Poh Lee Tan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Elect Nicholas Charles Allen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3 Elect Ed Chan Yiu Cheong as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.4 Elect Blair Chilton Pickerell as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
McKesson Corporation
Meeting Date: 07/27/2016 Country: USA Primary Security ID: 58155Q103 Record Date: 05/31/2016 Meeting Type: Annual Ticker: MCK
Primary CUSIP: 58155Q103
Shares Voted: 21
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Andy D. Bryant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Wayne A. Budd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
McKesson Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director N. Anthony Coles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John H. Hammergren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director M. Christine Jacobs Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Donald R. Knauss Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Marie L. Knowles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Edward A. Mueller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Susan R. Salka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Pro-rata Vesting of Equity Awards SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
5 Report on Political Contributions SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to political contributions can be improved.
Ryman Healthcare Ltd.
Meeting Date: 07/27/2016 Country: New Zealand Primary Security ID: Q8203F106 Record Date: 07/25/2016 Meeting Type: Annual Ticker: RYM
Primary CUSIP: Q8203F106 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ryman Healthcare Ltd.
Shares Voted: 276
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect George Savvides as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2 Elect David Kerr as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Elect Kevin Hickman as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Authorize the Board to Fix Remuneration of Mgmt For For For No the Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Approve the Increase in Maximum Aggregate Mgmt For For For No Remuneration of Directors
Voting Policy Rationale: A vote FOR this resolution is warranted given that the proposed increase to the directors' fees is not considered excessive.
Electronic Arts Inc.
Meeting Date: 07/28/2016 Country: USA Primary Security ID: 285512109 Record Date: 06/06/2016 Meeting Type: Annual Ticker: EA
Primary CUSIP: 285512109
Shares Voted: 34
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Leonard S. Coleman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jay C. Hoag Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jeffrey T. Huber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Vivek Paul Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Electronic Arts Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Lawrence F. Probst, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Talbott Roche Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Richard A. Simonson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Luis A. Ubinas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Denise F. Warren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Andrew Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
5 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Singapore Telecommunications Limited
Meeting Date: 07/29/2016 Country: Singapore Primary Security ID: Y79985225 Record Date: Meeting Type: Annual Ticker: Z74
Primary CUSIP: Y79985209 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Singapore Telecommunications Limited
Shares Voted: 3,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Adopt Financial Statements and Directors' and Mgmt For For For No Auditors' Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Elect Christina Hon Kwee Fong (Christina Mgmt For For For No Ong) as Director
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Elect Simon Claude Israel as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
5 Elect Peter Edward Mason as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
6 Approve Directors' Fees Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted.
7 Approve Auditors and Authorize Board to Fix Mgmt For For For No Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities with or without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9 Approve Grant of Awards and Issuance of Mgmt For For For No Shares Pursuant to the Singtel Performance Share Plan 2012
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
10 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
11 Adopt New Constitution Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Vodafone Group plc
Meeting Date: 07/29/2016 Country: United Kingdom Primary Security ID: G93882192 Record Date: 07/27/2016 Meeting Type: Annual Ticker: VOD
Primary CUSIP: G93882135
Shares Voted: 1,609
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Re-elect Gerard Kleisterlee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
3 Re-elect Vittorio Colao as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4 Re-elect Nick Read as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5 Re-elect Sir Crispin Davis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Dr Mathias Dopfner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Dame Clara Furse as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Valerie Gooding as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Renee James as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Samuel Jonah as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Nick Land as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Elect David Nish as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Vodafone Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Re-elect Philip Yea as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
15 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
16 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise the Audit and Risk Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Michael Kors Holdings Limited
Meeting Date: 08/04/2016 Country: Virgin Isl (UK) Primary Security ID: G60754101 Record Date: 06/01/2016 Meeting Type: Annual Ticker: KORS
Primary CUSIP: N/A
Shares Voted: 34
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael Kors Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1b Elect Director Judy Gibbons Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jane Thompson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Xilinx, Inc.
Meeting Date: 08/10/2016 Country: USA Primary Security ID: 983919101 Record Date: 06/15/2016 Meeting Type: Annual Ticker: XLNX
Primary CUSIP: 983919101
Shares Voted: 101
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Dennis Segers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Moshe N. Gavrielov Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Saar Gillai Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Xilinx, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Ronald S. Jankov Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Thomas H. Lee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director J. Michael Patterson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Albert A. Pimentel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Marshall C. Turner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Elizabeth W. Vanderslice Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
The J. M. Smucker Company
Meeting Date: 08/17/2016 Country: USA Primary Security ID: 832696405 Record Date: 06/20/2016 Meeting Type: Annual Ticker: SJM
Primary CUSIP: 832696405 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The J. M. Smucker Company
Shares Voted: 35
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Kathryn W. Dindo Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1b Elect Director Paul J. Dolan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jay L. Henderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Nancy Lopez Knight Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Elizabeth Valk Long Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1f Elect Director Gary A. Oatey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Sandra Pianalto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Alex Shumate Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Mark T. Smucker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Richard K. Smucker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Timothy P. Smucker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The J. M. Smucker Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Report on Plans to Increase Renewable SH Against Against Against No Energy Use
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to renewable energy are reasonable.
Nippon Prologis REIT Inc.
Meeting Date: 08/26/2016 Country: Japan Primary Security ID: J5528H104 Record Date: 05/31/2016 Meeting Type: Special Ticker: 3283
Primary CUSIP: N/A
Shares Voted: 1
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Amend Articles to Amend Dividend Payout Mgmt For For For No Policy to Reflect Tax Reform - Amend Permitted Investment Objectives - Amend Asset Management Compensation
Voting Policy Rationale: This item merits support per voting guidelines.
2 Elect Executive Director Sakashita, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Alternate Executive Director Yamaguchi, Mgmt For For For No Satoshi
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Elect Supervisory Director Shimamura, Mgmt For For For No Katsumi
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Elect Supervisory Director Hamaoka, Yoichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Alternate Supervisory Director Oku, Mgmt For For For No Kuninori
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ARM Holdings plc
Meeting Date: 08/30/2016 Country: United Kingdom Primary Security ID: G0483X122 Record Date: 08/25/2016 Meeting Type: Special Ticker: ARM
Primary CUSIP: G0483X122
Shares Voted: 647
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Cash Acquisition of ARM Holdings plc Mgmt For For For No by SoftBank Group Corp
Voting Policy Rationale: A vote FOR this transaction is warranted. No fundamental concerns have been identified with the terms of the deal, which provides ARM shareholders with the opportunity to cash out at a notable premium.
ARM Holdings plc
Meeting Date: 08/30/2016 Country: United Kingdom Primary Security ID: G0483X122 Record Date: 08/25/2016 Meeting Type: Court Ticker: ARM
Primary CUSIP: G0483X122
Shares Voted: 647
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Court Meeting Mgmt
1 Approve Scheme of Arrangement Mgmt For For For No
Voting Policy Rationale: A vote FOR this transaction is warranted. No fundamental concerns have been identified with the terms of the deal which provides ARM shareholders with the opportunity to cash out at a notable premium.
Patterson Companies, Inc.
Meeting Date: 09/12/2016 Country: USA Primary Security ID: 703395103 Record Date: 07/15/2016 Meeting Type: Annual Ticker: PDCO
Primary CUSIP: 703395103
Shares Voted: 120
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Scott P. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Patterson Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director John D. Buck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Jody H. Feragen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Sarena S. Lin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Ellen A. Rudnick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Neil A. Schrimsher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Les C. Vinney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director James W. Wiltz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Compagnie Financiere Richemont SA
Meeting Date: 09/14/2016 Country: Switzerland Primary Security ID: H25662182 Record Date: Meeting Type: Annual Ticker: CFR
Primary CUSIP: H25662158
Shares Voted: 64
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compagnie Financiere Richemont SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 1.70 per Registered A Share and CHF 0.17 per Registered B Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1 Reelect Johann Rupert as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Reelect Yves-Andre Istel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3 Reelect Josua Malherbe as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.4 Reelect Jean-Blaise Eckert as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.5 Reelect Bernard Fornas as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.6 Reelect Richard Lepeu as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.7 Reelect Ruggero Magnoni as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.8 Reelect Simon Murray as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee sits on more than six public company boards and does not merit support as per voting guidelines due to overboarding concerns.
4.9 Reelect Guillaume Pictet as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.10 Reelect Norbert Platt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.11 Reelect Alan Quasha as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.12 Reelect Maria Ramos as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compagnie Financiere Richemont SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.13 Reelect Lord Renwick of Clifton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.14 Reelect Jan Rupert as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.15 Reelect Gary Saage as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.16 Reelect Jurgen Schrempp as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.17 Reelect The Duke of Wellington as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.18 Elect Jeff Moss as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.19 Elect Cyrille Vigneron as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1 Appoint Lord Renwick of Clifton as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Appoint Yves Andre Istel as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3 Appoint The Duke of Wellington as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Ratify PricewaterhouseCoopers as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Designate Francoise Demierre Morand Mgmt For For For No Independent Proxy
8.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 7.4 Million
Voting Policy Rationale: A vote FOR this resolution is warranted in light of the fact that the board proposes to reduce its total compensation when compared to the 2015/16 financial year. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compagnie Financiere Richemont SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8.2 Approve Maximum Fixed Remuneration of Mgmt For For For No Senior Executive Committee in the Amount of CHF 9.9 Million
Voting Policy Rationale: A vote FOR Item 8.2 (fixed compensation) is warranted because the company proposes to reduce fixed compensation for the Senior Executive Committee.
8.3 Approve Maximum Variable Remuneration of Mgmt For For For No Senior Executive Committee in the Amount of CHF 16.4 Million
Voting Policy Rationale: A vote FOR Item 8.3 (variable compensation) is warranted because- The proposed quantum does not raise concerns in light of the company's performance, and- There are no significant concerns regarding variable remuneration architecture or practices which would warrant opposition to this proposal.
9 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Alimentation Couche-Tard Inc.
Meeting Date: 09/20/2016 Country: Canada Primary Security ID: 01626P403 Record Date: 07/25/2016 Meeting Type: Annual Ticker: ATD.B
Primary CUSIP: 01626P403
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Meeting for Class A Multiple Voting and Class Mgmt B Subordinate Voting Shareholders
1.1 Elect Director Alain Bouchard Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the director nominee, who is not independent at a company that has a dual class share structure, and the overall independence level of the board is less than 70%.
1.2 Elect Director Nathalie Bourque Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Jacques D'Amours Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the director nominee, who is not independent at a company that has a dual class share structure, and the overall independence level of the board is less than 70%.
1.4 Elect Director Jean Elie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard Fortin Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the director nominee, who is not independent at a company that has a dual class share structure, and the overall independence level of the board is less than 70%. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alimentation Couche-Tard Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Brian Hannasch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Melanie Kau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Monique F. Leroux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Real Plourde Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the director nominee, who is not independent at a company that has a dual class share structure, and the overall independence level of the board is less than 70%.
1.10 Elect Director Daniel Rabinowicz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Jean Turmel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 SP 1: Approve Human Rights Risk Assessment SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to human rights are reasonable.
Diageo plc
Meeting Date: 09/21/2016 Country: United Kingdom Primary Security ID: G42089113 Record Date: 09/19/2016 Meeting Type: Annual Ticker: DGE
Primary CUSIP: G42089113
Shares Voted: 337
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Diageo plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Re-elect Peggy Bruzelius as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5 Re-elect Lord Davies of Abersoch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Ho KwonPing as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Betsy Holden as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Dr Franz Humer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Nicola Mendelsohn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Ivan Menezes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Philip Scott as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Alan Stewart as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Elect Javier Ferran as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Elect Kathryn Mikells as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
15 Elect Emma Walmsley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Diageo plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
21 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted as the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
NIKE, Inc.
Meeting Date: 09/22/2016 Country: USA Primary Security ID: 654106103 Record Date: 07/22/2016 Meeting Type: Annual Ticker: NKE
Primary CUSIP: 654106103
Shares Voted: 186
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Alan B. Graf, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Michelle A. Peluso Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
NIKE, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Phyllis M. Wise Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Report on Political Contributions SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to political contributions can be improved.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
General Mills, Inc.
Meeting Date: 09/27/2016 Country: USA Primary Security ID: 370334104 Record Date: 07/29/2016 Meeting Type: Annual Ticker: GIS
Primary CUSIP: 370334104
Shares Voted: 187
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Bradbury H. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director R. Kerry Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director David M. Cordani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Roger W. Ferguson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Henrietta H. Fore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Mills, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Maria G. Henry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Heidi G. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Steve Odland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Kendall J. Powell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Robert L. Ryan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Eric D. Sprunk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Dorothy A. Terrell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Jorge A. Uribe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Non-Employee Director Omnibus Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Anheuser-Busch InBev SA
Meeting Date: 09/28/2016 Country: Belgium Primary Security ID: Record Date: 09/14/2016 Meeting Type: Special Ticker: ABI
Primary CUSIP: B6399C107 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Anheuser-Busch InBev SA
Shares Voted: 51
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Special Meeting Agenda Mgmt
A.1 Approve Matters Relating to the Acquisition of Mgmt For For For No SABMiller plc by Anheuser-Busch InBev SA
Voting Policy Rationale: A vote FOR is warranted because:- The transaction would enable ABI to gain access to African markets with significant growth potential, and the potential of revenue synergies;- ABI will diversify its product portfolio and increase its geographical spread, reducing single market focus risks (more diversified exposure to emerging markets);- In a market that is consolidating, ABI secures a target that fits its product and geographical portfolio, without SAB being a risky or unknown target.- However, this is not without concern, noting that from a financial perspective the transaction appears tight for ABI. We took into account the premium over SAB's standalone value and the NPV of envisaged synergies. These synergies are however audited under UK takeover rules and could be seen as a minimum. Financial leverage will increase and could potentially reduce its ability to pay dividends; and- ABI's positive track record of prudent capital allocation and digesting big acquisitions.
B.2 Receive Special Board Report and Special Mgmt Auditor Report Re: Item 1
Voting Policy Rationale: This is a non-voting item.
B.3 Receive Information on Modifications to the Mgmt Assets and Liabilities of the Merging Companies
Voting Policy Rationale: This is a non-voting item.
B.4 Approve Transfer of Assets and Liabilities Re: Mgmt For For For No SABMILLER plc and Anheuser-Busch Inbev SA Transaction
Voting Policy Rationale: A vote FOR is warranted because the merger would be the last and final step of the transaction and the mere execution to create a combined group of AB Inbev and SABMiller, whereas support is warranted for the offer on SABMiller as described under Item A1.
B.5 Approve Delisting Re: SABMILLER plc and Mgmt For For For No Anheuser-Busch Inbev SA Transaction
Voting Policy Rationale: A vote FOR is warranted as this merely be the approval of delisting of the AB Inbev share, while the new combined entity will be listed at the same stock exchanges.
C.6 Authorize Implementation of Approved Mgmt For For For No Resolutions and Filing of Required Documents/Formalities at Trade Registry
Voting Policy Rationale: A vote FOR is warranted, as this proposal concerns a routine legal procedure and will authorize only the implementation of items approved by the shareholder meeting.
Bank Hapoalim Ltd.
Meeting Date: 09/28/2016 Country: Israel Primary Security ID: M1586M115 Record Date: 08/30/2016 Meeting Type: Special Ticker: POLI
Primary CUSIP: M1586M115 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Hapoalim Ltd.
Shares Voted: 1,077
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Reelect Yacov Peer as External Director for Mgmt For For For No an Additional Three Year Term
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Israel Tapoohi as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
Ets Franz Colruyt
Meeting Date: 09/28/2016 Country: Belgium Primary Security ID: B26882231 Record Date: 09/14/2016 Meeting Type: Annual Ticker: COLR
Primary CUSIP: B26882165
Shares Voted: 187
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Mgmt
1 Receive and Approve Directors' and Auditors' Mgmt For For For No Reports, and Report of the Works Council
Voting Policy Rationale: A vote FOR is warranted as there are no concerns with the directors' and auditors' report.
2 Approve Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3a Adopt Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3b Adopt Consolidated Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ets Franz Colruyt Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Dividends of EUR 1.12 Per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Approve Profit Participation of Employees Mgmt For For For No Through Allotment of Repurchased Shares of Colruyt
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Reelect Francois Gillet as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
8 Elect Korys, Permanently Represented by Jef Mgmt For Against Against Yes Colruyt, as Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
9 Ratify Ersnt & Young as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Approve Discharge of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
11 Approve Discharge of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
12 Transact Other Business Mgmt
Voting Policy Rationale: This is a non-voting item.
SABMiller plc
Meeting Date: 09/28/2016 Country: United Kingdom Primary Security ID: G77395104 Record Date: 09/26/2016 Meeting Type: Special Ticker: SAB
Primary CUSIP: G77395104
Shares Voted: 59
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Matters Relating to the Acquisition of Mgmt For For For No SABMiller plc by Anheuser-Busch InBev SA/NV Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SABMiller plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: A vote FOR the proposed transaction is warranted, but this is not without concerns for shareholders:- Since the Board's initial acceptance of the offer in November 2015, macro-economic events have occurred which mean that the restricted share alternative (designed primarily for the two major shareholders in the Company) is now theoretically at a premium over the cash alternative which will have most appeal to minority shareholders based on their investment mandates. In November 2015, the cash alternative was at a premium to the restricted share alternative; and- The takeover premium offered is at the lower end of the appropriate range.The main reasons for support are:- Transaction multiples indicate that the valuation offered is fair, even if at the lower end of the range; and- Given the size of the transaction and the parties involved, there could potentially be only one buyer of the Company offering the certainty of a cash offer that allows reinvestment in other consumer staples companies. This is further supported by the potential for emerging market economic and currency headwinds continuing over the medium term.
SABMiller plc
Meeting Date: 09/28/2016 Country: United Kingdom Primary Security ID: G77395104 Record Date: 09/26/2016 Meeting Type: Court Ticker: SAB
Primary CUSIP: G77395104
Shares Voted: 59
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Court Meeting Mgmt
1 Approve Scheme of Arrangement Mgmt For For For No
Voting Policy Rationale: A vote FOR the scheme of arrangement is warranted, but this is not without concerns for shareholders: - Since the Board's initial acceptance of the offer in November 2015, macro-economic events have occurred which mean that the restricted share alternative (designed primarily for the two major shareholders in the Company) is now theoretically at a premium over the cash alternative which will have most appeal to minority shareholders based on their investment mandates. In November 2015, the cash alternative was at a premium to the restricted share alternative; and- The takeover premium offered is at the lower end of the appropriate range.The main reasons for support are:- Transaction multiples indicate that the valuation offered is fair, even if at the lower end of the range; and- Given the size of the transaction and the parties involved, there could potentially be only one buyer of the Company offering the certainty of a cash offer that allows reinvestment in other consumer staples companies. This is further supported by the potential for emerging market economic and currency headwinds continuing over the medium term.
Alcoa Inc.
Meeting Date: 10/05/2016 Country: USA Primary Security ID: 013817507 Record Date: 08/03/2016 Meeting Type: Special Ticker: AA
Primary CUSIP: 013817507 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alcoa Inc.
Shares Voted: 205
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Reverse Stock Split Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted given that the number of authorized common shares would be proportionately reduced following the reverse split.
2 Amend Articles Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Ets Franz Colruyt
Meeting Date: 10/07/2016 Country: Belgium Primary Security ID: B26882231 Record Date: 09/23/2016 Meeting Type: Special Ticker: COLR
Primary CUSIP: B26882165
Shares Voted: 187
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Special Meeting Mgmt
I.1 Receive Special Board Report Re: Employee Mgmt Stock Purchase Plan
Voting Policy Rationale: This is a non-voting item.
I.2 Receive Special Auditor Report Re: Employee Mgmt Stock Purchase Plan
Voting Policy Rationale: This is a non-voting item.
I.3 Approve Employee Stock Purchase Plan Up To Mgmt For For For No 1,000,000 Shares
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
I.4 Approve Fixing of the Price of Shares to Be Mgmt For For For No Issued
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
I.5 Eliminate Preemptive Rights Re: Item I.3 Mgmt For For For No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ets Franz Colruyt Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
I.6 Approve Increase of Capital following Mgmt For For For No Issuance of Equity without Preemptive Rights Re: Item I.3
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
I.7 Approve Subscription Period Re: Item I.3 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
I.8 Authorize Board to Implement Approved Mgmt For For For No Resolutions and Fill Required Documents/Formalities at Trade Registry
Voting Policy Rationale: Related to employee stock purchase plan proposals. In the absence of significant concerns, this item merits support per voting guidelines.
II.1 Authorize Board to Repurchase Shares in the Mgmt For Against Against Yes Event of a Serious and Imminent Harm and Under Normal Conditions
Voting Policy Rationale: This item does not merit support as it is not in the best long-term interest of shareholders.
II.2 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes Re: Item II.1
Voting Policy Rationale: SSGA does not support this item as the shares can be used as a takeover defense.
II.3 Authorize Board to Reissue Repurchased Mgmt For Against Against Yes Shares in order to Prevent a Serious and Imminent Harm
Voting Policy Rationale: SSGA does not support this item as the shares can be used as a takeover defense.
II.4 Authorize Implementation of Approved Mgmt For Against Against Yes Resolutions
Voting Policy Rationale: Related to share repurchase proposals. SSGA does not support this item as the shares can be used as a takeover defense.
Monster Beverage Corporation
Meeting Date: 10/11/2016 Country: USA Primary Security ID: 61174X109 Record Date: 08/26/2016 Meeting Type: Special Ticker: MNST
Primary CUSIP: 61174X109
Shares Voted: 17
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Increase Authorized Common Stock Mgmt For Against Against Yes Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Monster Beverage Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: This item does not merit support as the proposed increase in the current authorized shares of this stock class is considered to be excessive.
Telstra Corporation Limited
Meeting Date: 10/11/2016 Country: Australia Primary Security ID: Q8975N105 Record Date: 10/09/2016 Meeting Type: Annual Ticker: TLS
Primary CUSIP: Q8975N105
Shares Voted: 2,304
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3a Elect Craig Dunn as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3b Elect Jane Hemstritch as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3c Elect Nora Scheinkestel as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Approve the Grant of Performance Rights to Mgmt For For For No Andrew Penn, Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
The Procter & Gamble Company
Meeting Date: 10/11/2016 Country: USA Primary Security ID: 742718109 Record Date: 08/12/2016 Meeting Type: Annual Ticker: PG
Primary CUSIP: 742718109
Shares Voted: 451
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Francis S. Blake Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Procter & Gamble Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Angela F. Braly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Kenneth I. Chenault Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Scott D. Cook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Terry J. Lundgren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director W. James McNerney, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director David S. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Margaret C. Whitman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Patricia A. Woertz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Ernesto Zedillo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Report on Consistency Between Corporate SH Against Against Against No Values and Political Activities
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
5 Report on Application of Company SH Against Against Against No Non-Discrimination Policies in States with Pro-Discrimination Laws
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
CSL Ltd.
Meeting Date: 10/12/2016 Country: Australia Primary Security ID: Q3018U109 Record Date: 10/10/2016 Meeting Type: Annual Ticker: CSL
Primary CUSIP: Q3018U109
Shares Voted: 74
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Marie McDonald as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2b Elect Megan Clark as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2c Elect Tadataka Yamada as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Grant of Performance Options Mgmt For For For No and Performance Rights to Paul Perreault, Chief Executive Officer and Managing Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve the Increase in Maximum Aggregate Mgmt For Against Against Yes Remuneration of Non-Executive Directors
Voting Policy Rationale: A vote AGAINST an increase in the maximum non-executive director remuneration cap is warranted. The Company does not provide adequate justification for the increase in the NED fee cap given the current headroom of AUD 673,615 and the excessive quantum of the proposed increase of AUD1 million. Even in light of the proposed NED fee increases for FY17 as disclosed in the remuneration report, there still appears to be sufficient headroom in the current NED fee pool.
Paychex, Inc.
Meeting Date: 10/12/2016 Country: USA Primary Security ID: 704326107 Record Date: 08/15/2016 Meeting Type: Annual Ticker: PAYX
Primary CUSIP: 704326107
Shares Voted: 192
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director B. Thomas Golisano Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Paychex, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Joseph G. Doody Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director David J.S. Flaschen Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1d Elect Director Phillip Horsley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Grant M. Inman Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1f Elect Director Pamela A. Joseph Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Martin Mucci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Joseph M. Tucci Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1i Elect Director Joseph M. Velli Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Sky plc
Meeting Date: 10/13/2016 Country: United Kingdom Primary Security ID: G8212B105 Record Date: 10/11/2016 Meeting Type: Annual Ticker: SKY
Primary CUSIP: G15632105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sky plc
Shares Voted: 262
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Re-elect Jeremy Darroch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5 Re-elect Andrew Griffith as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Tracy Clarke as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Martin Gilbert as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the director nominee, who is a member of the audit committee, due to concerns with the level of non-audit fees paid to the company's external auditor.
8 Re-elect Adine Grate as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the director nominee, who is a member of the audit committee, due to concerns with the level of non-audit fees paid to the company's external auditor.
9 Re-elect Matthieu Pigasse as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the director nominee, who is a member of the audit committee, due to concerns with the level of non-audit fees paid to the company's external auditor.
10 Re-elect Andy Sukawaty as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect James Murdoch as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support per voting guidelines
12 Re-elect Chase Carey as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Elect John Nallen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sky plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Reappoint Deloitte LLP as Auditors and Mgmt For Against Against Yes Authorise Their Remuneration
Voting Policy Rationale: The fees paid by the company for non-audit services exceed 50% of the aggregate fees paid to the company's outside auditor.
15 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
16 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Transurban Group
Meeting Date: 10/13/2016 Country: Australia Primary Security ID: Q9194A106 Record Date: 10/11/2016 Meeting Type: Annual Ticker: TCL
Primary CUSIP: Q9194A106
Shares Voted: 949
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Resolutions for Transurban Holdings Limited Mgmt and Transurban International Limited
2a Elect Peter Scott as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Transurban Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2b Elect Lindsay Maxsted as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2c Elect Samantha Mostyn as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4a Approve the Amendments to the THL and TIL Mgmt For For For No Constitutions
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
4b Approve the Amendments to the THT Mgmt For For For No Constitution
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Resolution for Transurban Holdings Limited, Mgmt Transurban International Limited, and Transurban Holding Trust
5 Approve the Grant of Performance Awards to Mgmt For For For No Scott Charlton, Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Approve the Increase in Maximum Aggregate Mgmt None For For No Remuneration of Non-Executive Directors
Voting Policy Rationale: A vote FOR the increase in the maximum aggregate director fees because no material governance concerns have been identified, given that some additional headroom may be required to address board succession given the heavy workloads of various directors. The average NED fee (excluding chairman's fees) appears to be approximately $230,000, suggesting that upon appointment of two additional directors, the company may come unnecessarily close to the fee cap.
Singapore Telecommunications Limited
Meeting Date: 10/14/2016 Country: Singapore Primary Security ID: Y79985209 Record Date: Meeting Type: Special Ticker: Z74
Primary CUSIP: Y79985209 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Singapore Telecommunications Limited
Shares Voted: 3,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Proposed Acquisition of Shares in Mgmt For For For No Intouch Holdings Public Company Limited,the Proposed Acquisition of Shares in Bharti Telecom Limited, and the Proposed Placement of Shares in Singapore Telecommunications Limited
Voting Policy Rationale: A vote FOR this proposal is warranted given the following:- The proposed transactions will allow the company to take advantage of faster growth in emerging markets, particularly in Thailand and India.- The Intouch Acquisition Price and the Agreed BAL Market Trading Price represent a slight discount as at the LTD.- The valuation multiples of Intouch and BAL based on the consideration of the proposed acquisitions are generally in line with the comparable companies.- The proposed transactions are in line with the business development strategy of the group.
Cintas Corporation
Meeting Date: 10/18/2016 Country: USA Primary Security ID: 172908105 Record Date: 08/19/2016 Meeting Type: Annual Ticker: CTAS
Primary CUSIP: 172908105
Shares Voted: 39
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gerald S. Adolph Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John F. Barrett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Melanie W. Barstad Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Robert E. Coletti Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1e Elect Director Richard T. Farmer Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1f Elect Director Scott D. Farmer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cintas Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director James J. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Joseph Scaminace Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Ronald W. Tysoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Omnibus Stock Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
BHP Billiton plc
Meeting Date: 10/20/2016 Country: United Kingdom Primary Security ID: G10877101 Record Date: 10/18/2016 Meeting Type: Annual Ticker: BLT
Primary CUSIP: G10877101
Shares Voted: 245
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Authorise the Risk and Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BHP Billiton plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
5 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Approve Remuneration Report for UK Law Mgmt For For For No Purposes
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Approve Remuneration Report for Australian Mgmt For For For No Law Purposes
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Approve Grant of Awards under the Group's Mgmt For For For No Long Term Incentive Plan to Andrew Mackenzie
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
10 Elect Ken MacKenzie as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Malcolm Brinded as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Malcolm Broomhead as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Re-elect Pat Davies as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Re-elect Anita Frew as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
15 Re-elect Carolyn Hewson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BHP Billiton plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Re-elect Andrew Mackenzie as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
17 Re-elect Lindsay Maxsted as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
18 Re-elect Wayne Murdy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
19 Re-elect Shriti Vadera as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
20 Re-elect Jac Nasser as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
Healthscope Ltd.
Meeting Date: 10/21/2016 Country: Australia Primary Security ID: Q4557T149 Record Date: 10/19/2016 Meeting Type: Annual Ticker: HSO
Primary CUSIP: Q4557T107
Shares Voted: 738
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.1 Elect Jane McAloon as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2.2 Elect Paul O'Sullivan as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2.3 Elect Zygmunt 'Ziggy' Switkowski as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Deferred Short Term Incentive Mgmt For For For No Grant of Performance Rights to Robert Cooke, Managing Director and CEO of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Healthscope Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve the Long Term Incentive Grant of Mgmt For For For No Performance Rights to Robert Cooke, Managing Director and CEO of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Approve the Renewal of the Proportional Mgmt For For For No Takeover Provisions
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
DEXUS Property Group
Meeting Date: 10/26/2016 Country: Australia Primary Security ID: Q3190P134 Record Date: 10/24/2016 Meeting Type: Annual Ticker: DXS
Primary CUSIP: Q3190P100
Shares Voted: 262
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2.1 Elect Tonianne Dwyer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Penny Bingham-Hall as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Parker-Hannifin Corporation
Meeting Date: 10/26/2016 Country: USA Primary Security ID: 701094104 Record Date: 08/31/2016 Meeting Type: Annual Ticker: PH
Primary CUSIP: 701094104
Shares Voted: 54
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Lee C. Banks Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Parker-Hannifin Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Robert G. Bohn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Linda S. Harty Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Robert J. Kohlhepp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Kevin A. Lobo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Klaus-Peter Muller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Candy M. Obourn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Joseph Scaminace Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Wolfgang R. Schmitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Ake Svensson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director James R. Verrier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director James L. Wainscott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Thomas L. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Require Advance Notice for Shareholder Mgmt For For For No Nominations
Voting Policy Rationale: A vote FOR this proposal is warranted. The proposed advanced notice deadline for shareholders to submit nominations of directors is reasonable and does not result in an adverse impact on shareholders' rights.
3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Parker-Hannifin Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Stockland
Meeting Date: 10/26/2016 Country: Australia Primary Security ID: Q8773B105 Record Date: 10/24/2016 Meeting Type: Annual/Special Ticker: SGP
Primary CUSIP: Q8773B105
Shares Voted: 2,196
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Elect Stephen Newton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Barry Neil as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Carol Schwartz as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Approve the Grant of 619,579 Performance Mgmt For For For No Rights to Mark Steinert, Managing Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Approve the Termination Benefits Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tatts Group Ltd.
Meeting Date: 10/27/2016 Country: Australia Primary Security ID: Q8852J102 Record Date: 10/25/2016 Meeting Type: Annual Ticker: TTS
Primary CUSIP: Q8852J102
Shares Voted: 1,626
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2a Elect Brian Jamieson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Julien Playoust as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Grant of Performance Rights to Mgmt For For For No Robbie Cooke, Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Bank Leumi le-Israel B.M.
Meeting Date: 11/03/2016 Country: Israel Primary Security ID: M16043107 Record Date: 10/05/2016 Meeting Type: Special Ticker: LUMI
Primary CUSIP: M16043107
Shares Voted: 1,840
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Elect Two Directors Out of a Pool of Four Mgmt Nominees
1.1 Elect Tzahi Frankovits as Director for a Mgmt For Against Do Not No Three-Year Period Vote
Voting Policy Rationale: The director nominee does not merit support per voting guidelines.
1.2 Elect Itzick Sharir as Director for a Three-Year Mgmt For For For No Period
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Leumi le-Israel B.M. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Ester Dominissini as Director for a Mgmt For For For No Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Item 1.4 is a Shareholder Proposal Submitted Mgmt by Jewish Colonial Trust
1.4 Elect Gideon Schurr as Director for a SH None Against Do Not No Three-Year Period Vote
Voting Policy Rationale: The director nominee did not merit support.
Regarding Items 1.5-1.6: Elect One External Mgmt Director as defined in Directive 301 of the Proper Conduct of Banking Business Regulations Out of a Pool of Two Nominees, Nominated By the Nomination Committee
1.5 Elect Yoram Michaelis as External Director for Mgmt For Against Against Yes a Three-Year Period
Voting Policy Rationale: The director nominee does not merit support per voting guidelines.
1.6 Elect Ytzhak Edelman as External Director for Mgmt For For For No a Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Add Article 143E to the Article of Association Mgmt For For For No Re: indemnification of Officers
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
3 Amend Article 128 Re: Signature Bank Mgmt For For For No Balance Sheet
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
4 Add Article 146 to the Article of Association Mgmt For For For No Re: Jurisdiction Clause
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
5 Ratify Amended Indemnification Agreements Mgmt For For For No with Directors and Officers
Voting Policy Rationale: A vote FOR these items is warranted, as the company discloses sufficient information and as there are no apparent concerns with the proposed amendments.
6 Approve Compensation Policy for the Mgmt For For For No Directors and Officers of the Company
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
7 Approve Employment Terms of Active Mgmt For For For No Chairman
Voting Policy Rationale: A vote FOR is warranted because the proposed compensation is in line with the compensation policy and there are no apparent concerns.However, qualified support is warranted as there is no cap on severance terms. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Leumi le-Israel B.M. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Approve Employment Terms of the CEO Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted because the proposed compensation is in line with the compensation policy and there are no apparent concerns.However, qualified support is warranted as there is no cap on severance terms.
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
Please Select Any Category Which Applies to Mgmt You as a Shareholder or as a Holder of Power of Attorney
B1 If you are an Interest Holder as defined in Mgmt None Against Against No Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B2 If you are a Senior Officer as defined in Mgmt None Against Against No Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B3 If you are an Institutional Investor as defined Mgmt None For For No in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, is an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994. This item merits support per policy guidelines.
Automatic Data Processing, Inc.
Meeting Date: 11/08/2016 Country: USA Primary Security ID: 053015103 Record Date: 09/09/2016 Meeting Type: Annual Ticker: ADP
Primary CUSIP: 053015103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Automatic Data Processing, Inc.
Shares Voted: 145
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Peter Bisson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Richard T. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Eric C. Fast Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Linda R. Gooden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Michael P. Gregoire Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director R. Glenn Hubbard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director John P. Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director William J. Ready Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Carlos A. Rodriguez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Sandra S. Wijnberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Newcrest Mining Ltd.
Meeting Date: 11/08/2016 Country: Australia Primary Security ID: Q6651B114 Record Date: 11/06/2016 Meeting Type: Annual Ticker: NCM
Primary CUSIP: Q6651B114
Shares Voted: 512
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Peter Hay as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Philip Aiken as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect Rick Lee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2d Elect John Spark as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2e Elect Vickki McFadden as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3a Approve the Grant of Performance Rights to Mgmt For For For No Sandeep Biswas
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3b Approve the Grant of Performance Rights to Mgmt For For For No Gerard Bond
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Commonwealth Bank Of Australia
Meeting Date: 11/09/2016 Country: Australia Primary Security ID: Q26915100 Record Date: 11/07/2016 Meeting Type: Annual Ticker: CBA
Primary CUSIP: Q26915100 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Commonwealth Bank Of Australia
Shares Voted: 106
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Shirish Apte as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect David Higgins as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect Brian Long as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2d Elect Catherine Livingstone as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2e Elect Mary Padbury as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the of Reward Rights to Ian Narev, Mgmt For For For No Chief Executive Officer and Managing Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Sun Hung Kai Properties Ltd.
Meeting Date: 11/09/2016 Country: Hong Kong Primary Security ID: Y82594121 Record Date: 11/04/2016 Meeting Type: Annual Ticker: 16
Primary CUSIP: Y82594121
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sun Hung Kai Properties Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.1a Elect Kwok Kai-wang, Christopher as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1b Elect Kwok Ping-luen, Raymond as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1c Elect Lee Shau-kee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1d Elect Wong Chik-wing, Mike as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1e Elect Yip Dicky Peter as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1f Elect Wong Yue-chim, Richard as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1g Elect Fung Kwok-lun, William as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1h Elect Leung Nai-pang, Norman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1i Elect Leung Kui-king, Donald as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1j Elect Kwan Cheuk-yin, William as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Approve Directors' Fees Mgmt For For For No
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
4 Approve Deloitte Touche Tohmatsu as Auditor Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sun Hung Kai Properties Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
7 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
Wesfarmers Ltd.
Meeting Date: 11/10/2016 Country: Australia Primary Security ID: Q95870103 Record Date: 11/08/2016 Meeting Type: Annual Ticker: WES
Primary CUSIP: Q95870103
Shares Voted: 222
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Anthony (Tony) John Howarth as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Wayne G. Osborn Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect Vanessa M. Wallace as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2d Elect Jennifer A. Westacott as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Grant of Performance Rights to Mgmt For For For No Richard Goyder, Group Managing Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve the Grant of Performance Rights to Mgmt For For For No Terry Bowen, Finance Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Estee Lauder Companies Inc.
Meeting Date: 11/11/2016 Country: USA Primary Security ID: 518439104 Record Date: 09/12/2016 Meeting Type: Annual Ticker: EL
Primary CUSIP: 518439104
Shares Voted: 66
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Ronald S. Lauder Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.2 Elect Director William P. Lauder Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.3 Elect Director Richard D. Parsons Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.4 Elect Director Lynn Forester de Rothschild Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard F. Zannino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Brambles Ltd
Meeting Date: 11/16/2016 Country: Australia Primary Security ID: Q6634U106 Record Date: 11/14/2016 Meeting Type: Annual Ticker: BXB
Primary CUSIP: Q6634U106 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Brambles Ltd
Shares Voted: 756
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Elect George El Zoghbi as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Anthony Grant Froggatt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect David Peter Gosnell as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Approve the Participation of Graham Mgmt For For For No Chipchase in the Performance Share Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Approve the Participation of Graham Mgmt For For For No Chipchase in the MyShare Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Campbell Soup Company
Meeting Date: 11/16/2016 Country: USA Primary Security ID: 134429109 Record Date: 09/19/2016 Meeting Type: Annual Ticker: CPB
Primary CUSIP: 134429109
Shares Voted: 115
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Bennett Dorrance Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Randall W. Larrimore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Marc B. Lautenbach Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Campbell Soup Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Mary Alice Dorrance Malone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Sara Mathew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Keith R. McLoughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Denise M. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Charles R. Perrin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Nick Shreiber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Tracey T. Travis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Archbold D. van Beuren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Les C. Vinney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Oracle Corporation
Meeting Date: 11/16/2016 Country: USA Primary Security ID: 68389X105 Record Date: 09/19/2016 Meeting Type: Annual Ticker: ORCL
Primary CUSIP: 68389X105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Oracle Corporation
Shares Voted: 638
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Jeffrey S. Berg Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.2 Elect Director H. Raymond Bingham Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee does not merit support per voting guidelines.
1.3 Elect Director Michael J. Boskin Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee. SSGA is withholding support due to concerns with the actions and oversight function of the board.
1.4 Elect Director Safra A. Catz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Bruce R. Chizen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director George H. Conrades Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Lawrence J. Ellison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Hector Garcia-Molina Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Jeffrey O. Henley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Mark V. Hurd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Renee J. James Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Leon E. Panetta Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Naomi O. Seligman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Oracle Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
Sysco Corporation
Meeting Date: 11/16/2016 Country: USA Primary Security ID: 871829107 Record Date: 09/19/2016 Meeting Type: Annual Ticker: SYY
Primary CUSIP: 871829107
Shares Voted: 134
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Daniel J. Brutto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John M. Cassaday Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Judith B. Craven Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William J. DeLaney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Joshua D. Frank Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Larry C. Glasscock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Jonathan Golden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sysco Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Bradley M. Halverson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Hans-Joachim Koerber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Nancy S. Newcomb Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Nelson Peltz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Edward D. Shirley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Richard G. Tilghman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Jackie M. Ward Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Pro-rata Vesting of Equity Awards SH Against For For Yes
Voting Policy Rationale: In the absence of significant concerns, support for this proposal is warranted.
BHP Billiton Limited
Meeting Date: 11/17/2016 Country: Australia Primary Security ID: Q1498M100 Record Date: 11/15/2016 Meeting Type: Annual Ticker: BHP
Primary CUSIP: Q1498M100
Shares Voted: 445
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BHP Billiton Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Appoint KPMG LLP as Auditor of the Company Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Authorize the Board to Fix Remuneration of Mgmt For For For No the Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Approve General Authority to Issue Shares in Mgmt For For For No BHP Billiton Plc
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
5 Approve General Authority to Issue Shares in Mgmt For For For No BHP Billiton Plc for Cash
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6 Approve the Repurchase of Shares in BHP Mgmt For For For No Billiton Plc
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Approve the Remuneration Report Other than Mgmt For For For No the Part Containing the Directors' Remuneration Policy
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Approve the Grant of Awards to Andrew Mgmt For For For No Mackenzie, Executive Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
10 Elect Ken MacKenzie as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Elect Malcolm Brinded as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Elect Malcolm Broomhead as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BHP Billiton Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Elect Pat Davies as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Elect Anita Frew as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Carolyn Hewson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Elect Andrew Mackenzie as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Elect Lindsay Maxsted as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Elect Wayne Murdy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
19 Elect Shriti Vadera as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
20 Elect Jac Nasser as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Goodman Group
Meeting Date: 11/17/2016 Country: Australia Primary Security ID: Q4229W132 Record Date: 11/15/2016 Meeting Type: Annual Ticker: GMG
Primary CUSIP: Q4229W108
Shares Voted: 1,362
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Appoint KPMG as Auditors of the Company Mgmt For For For No and Authorize the Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Elect Phillip Pryke as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Goodman Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Elect Danny Peeters as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Anthony Rozic as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mirvac Group
Meeting Date: 11/17/2016 Country: Australia Primary Security ID: Q62377108 Record Date: 11/15/2016 Meeting Type: Annual/Special Ticker: MGR
Primary CUSIP: Q62377108
Shares Voted: 1,050
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.1 Elect James M. Millar as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect John Mulcahy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Elana Rubin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4.1 Approve the Long Term Performance Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4.2 Approve the General Employee Exemption Mgmt For For For No Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mirvac Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve the Grant of Performance Rights to Mgmt For For For No Susan Lloyd-Hurwitz, CEO and Managing Director of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Sonic Healthcare Limited
Meeting Date: 11/17/2016 Country: Australia Primary Security ID: Q8563C107 Record Date: 11/15/2016 Meeting Type: Annual Ticker: SHL
Primary CUSIP: Q8563C107
Shares Voted: 101
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Jane Wilson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Philip Dubois as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Long Term Incentives for Colin Mgmt For For For No Goldschmidt, Managing Director and Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve the Long Term Incentives for Chris Mgmt For For For No Wilks, Finance Director and Chief Financial Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vicinity Centres
Meeting Date: 11/18/2016 Country: Australia Primary Security ID: Q9395F102 Record Date: 11/16/2016 Meeting Type: Annual/Special Ticker: VCX
Primary CUSIP: N/A Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Vicinity Centres
Shares Voted: 719
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3a Elect Peter Hay as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3b Elect David Thurin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3c Elect Trevor Gerber as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve the Grant of Performance Rights to Mgmt For For For No Angus McNaughton
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Woolworths Ltd.
Meeting Date: 11/24/2016 Country: Australia Primary Security ID: Q98418108 Record Date: 11/22/2016 Meeting Type: Annual Ticker: WOW
Primary CUSIP: Q98418108
Shares Voted: 363
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Holly Kramer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Siobhan McKenna as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect Kathee Tesija as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve the Grant of Performance Share Mgmt For For For No Rights to Brad Banducci, Managing Director and Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Woolworths Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Wolseley plc
Meeting Date: 11/29/2016 Country: United Kingdom Primary Security ID: G9736L124 Record Date: 11/27/2016 Meeting Type: Annual Ticker: WOS
Primary CUSIP: G97278116
Shares Voted: 138
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Re-elect Tessa Bamford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5 Re-elect John Daly as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Gareth Davis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Pilar Lopez as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect John Martin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Alan Murray as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Wolseley plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Re-elect Frank Roach as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Darren Shapland as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Jacqueline Simmonds as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Reappoint Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
16 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Microsoft Corporation
Meeting Date: 11/30/2016 Country: USA Primary Security ID: 594918104 Record Date: 09/30/2016 Meeting Type: Annual Ticker: MSFT
Primary CUSIP: 594918104 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Microsoft Corporation
Shares Voted: 1,181
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director William H. Gates, lll Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Teri L. List-Stoll Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director G. Mason Morfit Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Satya Nadella Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Charles H. Noski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Helmut Panke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Sandra E. Peterson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Charles W. Scharf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director John W. Stanton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director John W. Thompson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Padmasree Warrior Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Microsoft Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Amend Right to Call Special Meeting Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted, given that a lower threshold to call a special meeting represents an enhancement in shareholder rights.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: The company is seeking approval solely for the purpose of qualifying the French Sub-Plan for favorable tax treatment under the Macron Law.
6 Proxy Access SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Singapore Press Holdings Limited
Meeting Date: 12/01/2016 Country: Singapore Primary Security ID: Y7990F106 Record Date: Meeting Type: Annual Ticker: T39
Primary CUSIP: Y7990F106
Shares Voted: 2,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Adopt Financial Statements and Directors' and Mgmt For For For No Auditors' Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend and Special Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Elect Lee Boon Yang as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3.2 Elect Chong Siak Ching as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3.3 Elect Tan Chin Hwee as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3.4 Elect Janet Ang Guat Har as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Elect Ng Yat Chung as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Singapore Press Holdings Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Directors' Fees Mgmt For For For No
Voting Policy Rationale: Director fees in Singapore are usually reasonable. In the absence of known concerns over director fees at the company, a vote FOR this proposal is warranted.
6 Approve Auditors and Authorize Board to Fix Mgmt For For For No Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.1 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities with or without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7.2 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7.3 Adopt SPH Performance Plan 2016 and Mgmt For For For No Approve Grant of Awards and Issuance of Shares Under the Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7.4 Adopt New Constitution Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Coloplast A/S
Meeting Date: 12/05/2016 Country: Denmark Primary Security ID: K16018192 Record Date: 11/28/2016 Meeting Type: Annual Ticker: COLO B
Primary CUSIP: K16018184
Shares Voted: 18
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
Voting Policy Rationale: This is a non-voting item.
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Coloplast A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.1 Approve Creation of DKK 15 Million Pool of Mgmt For For For No Capital without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
4.2 Approve Remuneration of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
4.3 Approve Guidelines for Incentive-Based Mgmt For For For No Compensation for Executive Management and Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4.4 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5.1 Reelect Michael Rasmussen (Chairman) as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Reelect Niels Louis-Hansen (Vice Chairman) Mgmt For For For No as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3 Reelect Per Magid as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.4 Reelect Birgitte Nielsen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.5 Reelect Jette Nygaard-Andersen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.6 Reelect Brian Petersen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.7 Reelect Jorgen Tang-Jensen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Coloplast A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Other Business Mgmt
Voting Policy Rationale: This is a non-voting item.
FMC Technologies, Inc.
Meeting Date: 12/05/2016 Country: USA Primary Security ID: 30249U101 Record Date: 10/18/2016 Meeting Type: Special Ticker: FTI
Primary CUSIP: 30249U101
Shares Voted: 388
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted in light of the strategic rationale, the expected $470 million in annual cost synergies, and the expectation that the transaction will be accretive to EPS.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
3 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Barry Callebaut AG
Meeting Date: 12/07/2016 Country: Switzerland Primary Security ID: H05072105 Record Date: Meeting Type: Annual Ticker: BARN
Primary CUSIP: H05072105
Shares Voted: 2
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports (Non-Voting)
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barry Callebaut AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Receive Auditor's Report (Non-Voting) Mgmt
Voting Policy Rationale: This is a non-voting item.
3.1 Accept Annual Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3.2 Approve Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concern with the potential dilution of all plans.
3.3 Accept Financial Statements and Consolidated Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.1 Approve Transfer of CHF 23 Million from Mgmt For For For No Capital Contribution Reserves to Free Reserves
Voting Policy Rationale: Votes FOR these proposals are warranted because of:- The increase in dividends, and- The payout ratio, which exceeds 30 percent.
4.2 Approve Dividends of CHF 4.19 per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.3 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.4 Approve CHF 62.1 Million Reduction in Share Mgmt For For For No Capital via Reduction of Nominal Value and Repayment of CHF 11.31 per Share
Voting Policy Rationale: Votes FOR these proposals are warranted because of:- The increase in dividends, and- The payout ratio, which exceeds 30 percent.
5 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
6.1.1 Elect Patrick De Maeseneire as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.2 Elect Fernando Aguirre as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.3 Elect Jakob Baer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.4 Elect James Lloyd Donald as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barry Callebaut AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.1.5 Elect Nicolas Jacobs as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.6 Elect Wai Ling Liu as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.7 Elect Timothy E. Minges as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.8 Elect Andreas Schmid as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1.9 Elect Juergen B. Steinemann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.2 Elect Patrick De Maeseneire as Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines
6.3.1 Appoint James Lloyd Donald as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.2 Appoint Fernando Aguirre as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.3 Appoint Wai Ling Liu as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.4 Appoint Juergen B. Steinemann as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.4 Designate Andreas G. Keller as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
6.5 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 2.2 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed pay envelope would remain flat.However, this proposal is not without concerns:- Due to the reduction in the number of board members, the proposal could allow for a substantial increase in board compensation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barry Callebaut AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.2 Approve Maximum Fixed Remuneration of Mgmt For For For No Executive Committee in the Amount of CHF 6.3 Million
Voting Policy Rationale: Votes FOR these items are warranted. The vote on the remuneration report is considered the more appropriate voting item for expressing concerns on the executive compensation system and practices at this time.
7.3 Approve Variable Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 16.5 Million
Voting Policy Rationale: Votes FOR these items are warranted. The vote on the remuneration report is considered the more appropriate voting item for expressing concerns on the executive compensation system and practices at this time.
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
AGNC Investment Corp.
Meeting Date: 12/09/2016 Country: USA Primary Security ID: 00123Q104 Record Date: 10/24/2016 Meeting Type: Special Ticker: AGNC
Primary CUSIP: 00123Q104
Shares Voted: 232
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Medtronic plc
Meeting Date: 12/09/2016 Country: Ireland Primary Security ID: G5960L103 Record Date: 10/11/2016 Meeting Type: Annual Ticker: MDT
Primary CUSIP: 585055106
Shares Voted: 69
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Richard H. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Medtronic plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Craig Arnold Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Scott C. Donnelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Randall J. Hogan, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Omar Ishrak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Shirley Ann Jackson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Michael O. Leavitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director James T. Lenehan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Elizabeth G. Nabel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Denise M. O'Leary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Kendall J. Powell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Robert C. Pozen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Preetha Reddy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Medtronic plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Provide Proxy Access Right Mgmt For For For No
Voting Policy Rationale: This items merits support as it enhances board accountability and shareholder rights of long-term investors.
5a Amend Articles of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
5b Amend Memorandum of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
6 Amend Articles to Clarify the Board's Sole Mgmt For For For No Authority to Determine its Size Within the Fixed Limits
Voting Policy Rationale: A vote FOR this proposal is warranted given that the amendments are relatively minor and do not appear to be motivated by a desire to entrench management.
Westpac Banking Corporation
Meeting Date: 12/09/2016 Country: Australia Primary Security ID: Q97417101 Record Date: 12/07/2016 Meeting Type: Annual Ticker: WBC
Primary CUSIP: Q97417101
Shares Voted: 525
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve the Grant of Equity Awards to Brian Mgmt For For For No Hartzer, Managing Director and Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4a Elect Ewen Crouch as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4b Elect Peter Marriott as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cisco Systems, Inc.
Meeting Date: 12/12/2016 Country: USA Primary Security ID: 17275R102 Record Date: 10/14/2016 Meeting Type: Annual Ticker: CSCO
Primary CUSIP: 17275R102
Shares Voted: 255
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Carol A. Bartz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director M. Michele Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Michael D. Capellas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John T. Chambers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Amy L. Chang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director John L. Hennessy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Kristina M. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Roderick C. McGeary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Charles H. Robbins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Arun Sarin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Steven M. West Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cisco Systems, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
5 Report on Arab and non-Arab Employees SH Against Against Against No using EEO-1 Categories
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO practices are reasonable.
6 Establish Board Committee on Operations in SH Against Against Against No Israeli Settlements
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Monsanto Company
Meeting Date: 12/13/2016 Country: USA Primary Security ID: 61166W101 Record Date: 11/07/2016 Meeting Type: Special Ticker: MON
Primary CUSIP: 61166W101
Shares Voted: 76
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For For For No
Voting Policy Rationale: The offer represents a 41.7 percent premium to the unaffected price, a 29.8 percent premium to the three-year median EV/NTM EBITDA multiple, and a 22.7 percent premium to the three-year median NTM P/E multiple. Moreover, the offer does not appear to be opportunistic and no superior proposals have been publicly disclosed, despite a reasonable 3.3 percent termination fee. In light of these factors and the certainty of value inherent in cash consideration, support FOR the transaction is warranted.
2 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AutoZone, Inc.
Meeting Date: 12/14/2016 Country: USA Primary Security ID: 053332102 Record Date: 10/17/2016 Meeting Type: Annual Ticker: AZO
Primary CUSIP: 053332102
Shares Voted: 8
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Douglas H. Brooks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Linda A. Goodspeed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sue E. Gove Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Earl G. Graves, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Enderson Guimaraes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director J. R. Hyde, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director D. Bryan Jordan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director W. Andrew McKenna Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director George R. Mrkonic, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Luis P. Nieto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director William C. Rhodes, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AutoZone, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Amend Nonqualified Employee Stock Mgmt For For For No Purchase Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Enbridge Inc.
Meeting Date: 12/15/2016 Country: Canada Primary Security ID: 29250N105 Record Date: 11/07/2016 Meeting Type: Special Ticker: ENB
Primary CUSIP: 29250N105
Shares Voted: 101
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Issue Shares in Connection with the Merger Mgmt For For For No
Voting Policy Rationale: Although the expected dilution from the share issuance in connection with the transaction may be seen as relatively high and the moderately high termination fee might be a cause for concern, a vote FOR the proposed transaction is warranted in light of the reasonable strategic rationale behind the proposed merger. Specifically, the transaction's potential benefits, among other things, include: combination and consolidation of diversified and complementary energy infrastructure platforms, cost-synergies and tax savings, improved customer service offerings and optionality, and sufficient cash flow to fund growth and improve balance sheet strength of the combined company.
2 Amend By-Law No.1 Mgmt For For For No
Voting Policy Rationale: Approval of the proposed by-law amendment resolution is a pre-condition to the proposed merger transaction, which is proposed under item 1.
Spectra Energy Corp
Meeting Date: 12/15/2016 Country: USA Primary Security ID: 847560109 Record Date: 11/07/2016 Meeting Type: Special Ticker: SE
Primary CUSIP: 847560109
Shares Voted: 86
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Spectra Energy Corp Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: A vote FOR this proposed transaction is warranted given the premium of 11.5 percent over the price on the day prior to the announcement, continued strong market reaction, sound strategic rationale, and significant synergies and cost savings to be achieved by the combined company upon completion of the merger.
2 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Australia and New Zealand Banking Group Ltd.
Meeting Date: 12/16/2016 Country: Australia Primary Security ID: Q09504137 Record Date: 12/14/2016 Meeting Type: Annual Ticker: ANZ
Primary CUSIP: Q09504137
Shares Voted: 482
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve the Grant of Performance Rights to Mgmt For For For No Shayne Elliot, Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4a Elect S. J. Halton as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4b Elect G. R. Liebelt as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
National Australia Bank Limited
Meeting Date: 12/16/2016 Country: Australia Primary Security ID: Q65336119 Record Date: 12/14/2016 Meeting Type: Annual Ticker: NAB
Primary CUSIP: Q65336119 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
National Australia Bank Limited
Shares Voted: 251
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Anthony Yuen as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2b Elect Philip Chronican as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2c Elect Douglas McKay as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Grant of Performance Rights to Mgmt For For For No Andrew Thorburn, Group Chief Executive Officer
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Bank Hapoalim Ltd.
Meeting Date: 12/19/2016 Country: Israel Primary Security ID: M1586M115 Record Date: 11/15/2016 Meeting Type: Special Ticker: POLI
Primary CUSIP: M1586M115
Shares Voted: 1,077
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Compensation Policy for the Mgmt For For For No Directors and Officers of the Company
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Employment Terms of the Mgmt For For For No Company's CEO
Voting Policy Rationale: A vote FOR is warranted because the proposed compensation is in line with the compensation policy and there are no apparent concerns.However, qualified support is warranted as there is no cap on severance terms. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Hapoalim Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
Please Select Any Category Which Applies to Mgmt You as a Shareholder or as a Holder of Power of Attorney
B1 If you are an Interest Holder as defined in Mgmt None Against Against No Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B2 If you are a Senior Officer as defined in Mgmt None Against Against No Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B3 If you are an Institutional Investor as defined Mgmt None For For No in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, is an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994. This item merits support per policy guidelines.
TonenGeneral Sekiyu K.K.
Meeting Date: 12/21/2016 Country: Japan Primary Security ID: J8657U110 Record Date: 09/30/2016 Meeting Type: Special Ticker: 5012
Primary CUSIP: J8657U110
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Share Exchange Agreement with JX Mgmt For For For No Holdings, Inc. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TonenGeneral Sekiyu K.K. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: A Vote FOR the proposed transaction is warranted because:- Amid falling demand for petroleum products, the economic integration with JX Holdings appears beneficial to TonenGeneral Sekiyu shareholders in light of the potential for improved operational efficiency;- TonenGeneral shareholders will receive higher dividends after the share exchange; and- The stock market reaction is positive, implying that the transaction appears favorable to TonenGeneral shareholders.
2 Approve Merger Agreement with JX Nippon Mgmt For For For No Oil & Energy Corp.
Voting Policy Rationale: A Vote FOR the proposed transaction is warranted because:- The proposed merger is part of the economic integration proposed in Item 1, which appears beneficial to TonenGeneral shareholders.
3 Approve Merger by Absorption with EMG Mgmt For For For No Marketing Godo Kaisha
Voting Policy Rationale: A Vote FOR this transaction is warranted because:- The proposal is part of the economic integration proposed in Item 1, which appears beneficial to TonenGeneral shareholders.
SBA Communications Corporation
Meeting Date: 01/12/2017 Country: USA Primary Security ID: Record Date: 12/02/2016 Meeting Type: Special Ticker: SBAC
Primary CUSIP: 78388J106
Shares Voted: 55
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Reorganization to Facilitate Mgmt For For For No Transition to REIT Status
Voting Policy Rationale: Given the strong strategic rationale, including increased company cash flow resulting from reduced corporate level taxes, a vote FOR the REIT transaction is warranted.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
UniCredit SpA
Meeting Date: 01/12/2017 Country: Italy Primary Security ID: T960AS101 Record Date: 01/03/2017 Meeting Type: Special Ticker: UCG
Primary CUSIP: T95132105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UniCredit SpA
Shares Voted: 1,307
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Extraordinary Business Mgmt
1 Approve Capital Increase with Preemptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
2 Approve Share Consolidation Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Ordinary Business Mgmt
1.1 Elect Jean Pierre Mustier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
1.2 Elect Sergio Balbinot as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
1.3 Elect Martha Dagmar Böckenfeld as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
Micron Technology, Inc.
Meeting Date: 01/18/2017 Country: USA Primary Security ID: 595112103 Record Date: 11/21/2016 Meeting Type: Annual Ticker: MU
Primary CUSIP: 595112103
Shares Voted: 190
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert L. Bailey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Richard M. Beyer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Patrick J. Byrne Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Micron Technology, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director D. Mark Durcan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Mercedes Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Lawrence N. Mondry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Robert E. Switz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Adopt NOL Rights Plan (NOL Pill) Mgmt For Against Against Yes
Voting Policy Rationale: SSgA votes against the adoption or renewal of US issuer's shareholder rights plans.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Intuit Inc.
Meeting Date: 01/19/2017 Country: USA Primary Security ID: 461202103 Record Date: 11/21/2016 Meeting Type: Annual Ticker: INTU
Primary CUSIP: 461202103
Shares Voted: 43
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Eve Burton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Scott D. Cook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intuit Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Richard L. Dalzell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Diane B. Greene Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Suzanne Nora Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Dennis D. Powell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Brad D. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Raul Vazquez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Jeff Weiner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Becton, Dickinson and Company
Meeting Date: 01/24/2017 Country: USA Primary Security ID: 075887109 Record Date: 12/02/2016 Meeting Type: Annual Ticker: BDX
Primary CUSIP: 075887109
Shares Voted: 49
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Basil L. Anderson Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Becton, Dickinson and Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Catherine M. Burzik Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director R. Andrew Eckert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Vincent A. Forlenza Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Claire M. Fraser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Christopher Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Marshall O. Larsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Gary A. Mecklenburg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director James F. Orr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Willard J. Overlock, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Claire Pomeroy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Rebecca W. Rimel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Bertram L. Scott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Becton, Dickinson and Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Advisory Vote on Say on Pay Frequency Mgmt None One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Costco Wholesale Corporation
Meeting Date: 01/26/2017 Country: USA Primary Security ID: 22160K105 Record Date: 11/18/2016 Meeting Type: Annual Ticker: COST
Primary CUSIP: 22160K105
Shares Voted: 95
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Susan L. Decker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Richard A. Galanti Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.3 Elect Director John W. Meisenbach Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.4 Elect Director Charles T. Munger Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Walgreens Boots Alliance, Inc.
Meeting Date: 01/26/2017 Country: USA Primary Security ID: 931427108 Record Date: 11/28/2016 Meeting Type: Annual Ticker: WBA
Primary CUSIP: 931427108
Shares Voted: 48
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Janice M. Babiak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director David J. Brailer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director William C. Foote Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Ginger L. Graham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director John A. Lederer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Dominic P. Murphy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Stefano Pessina Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Leonard D. Schaeffer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Nancy M. Schlichting Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director James A. Skinner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Walgreens Boots Alliance, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Proxy Access SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
6 Approve Report on Executive Pay & SH Against Against Against No Sustainability Performance
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Monsanto Company
Meeting Date: 01/27/2017 Country: USA Primary Security ID: 61166W101 Record Date: 12/05/2016 Meeting Type: Annual Ticker: MON
Primary CUSIP: 61166W101
Shares Voted: 76
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Dwight M. 'Mitch' Barns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Gregory H. Boyce Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director David L. Chicoine Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Janice L. Fields Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Hugh Grant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Arthur H. Harper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Laura K. Ipsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Monsanto Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Marcos M. Lutz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director C. Steven McMillan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Jon R. Moeller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director George H. Poste Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Robert J. Stevens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Patricia Verduin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
7 Report on Effectiveness and Risks of SH Against Against Against No Glyphosate Use
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hormel Foods Corporation
Meeting Date: 01/31/2017 Country: USA Primary Security ID: 440452100 Record Date: 12/02/2016 Meeting Type: Annual Ticker: HRL
Primary CUSIP: 440452100
Shares Voted: 151
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gary C. Bhojwani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Terrell K. Crews Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jeffrey M. Ettinger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Glenn S. Forbes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Stephen M. Lacy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director John L. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Elsa A. Murano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Robert C. Nakasone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Susan K. Nestegard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Dakota A. Pippins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Christopher J. Policinski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Sally J. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hormel Foods Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1m Elect Director James P. Snee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Steven A. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Visa Inc.
Meeting Date: 01/31/2017 Country: USA Primary Security ID: 92826C839 Record Date: 12/02/2016 Meeting Type: Annual Ticker: V
Primary CUSIP: 92826C839
Shares Voted: 368
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lloyd A. Carney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Mary B. Cranston Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Francisco Javier Mgmt For For For No Fernandez-Carbajal
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Gary A. Hoffman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Visa Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Alfred F. Kelly, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Robert W. Matschullat Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Suzanne Nora Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director John A.C. Swainson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Maynard G. Webb, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Imperial Brands PLC
Meeting Date: 02/01/2017 Country: United Kingdom Primary Security ID: G4720C107 Record Date: 01/30/2017 Meeting Type: Annual Ticker: IMB
Primary CUSIP: G4721W102
Shares Voted: 144
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Imperial Brands PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Re-elect Alison Cooper as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Elect Therese Esperdy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect David Haines as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Matthew Phillips as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Elect Steven Stanbrook as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect Oliver Tant as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Mark Williamson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Karen Witts as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Re-elect Malcolm Wyman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
14 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Imperial Brands PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
20 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
21 Adopt New Articles of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Compass Group plc
Meeting Date: 02/02/2017 Country: United Kingdom Primary Security ID: G23296190 Record Date: 01/31/2017 Meeting Type: Annual Ticker: CPG
Primary CUSIP: G23296182
Shares Voted: 287
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Elect Stefan Bomhard as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compass Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Re-elect Dominic Blakemore as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
6 Re-elect Richard Cousins as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7 Re-elect Gary Green as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
8 Re-elect Johnny Thomson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
9 Re-elect Carol Arrowsmith as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10 Re-elect John Bason as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
11 Re-elect Don Robert as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
12 Re-elect Nelson Silva as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Re-elect Ireena Vittal as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominees sits on more than six public company boards and does not merit support as per voting guidelines due to overboarding concerns.
14 Re-elect Paul Walsh as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
15 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Approve Increase in the Limit on the Mgmt For For For No Aggregate Remuneration of the Non-Executive Directors
Voting Policy Rationale: A vote FOR this resolution is warranted as no significant concerns have been identified.
18 Authorise Political Donations and Expenditure Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compass Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
19 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with 14 Working Days' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Rockwell Collins, Inc.
Meeting Date: 02/02/2017 Country: USA Primary Security ID: 774341101 Record Date: 12/05/2016 Meeting Type: Annual Ticker: COL
Primary CUSIP: 774341101
Shares Voted: 65
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Chris A. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Ralph E. Eberhart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director David Lilley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rockwell Collins, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Emerson Electric Co.
Meeting Date: 02/07/2017 Country: USA Primary Security ID: 291011104 Record Date: 11/29/2016 Meeting Type: Annual Ticker: EMR
Primary CUSIP: 291011104
Shares Voted: 157
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director D.N. Farr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director W.R. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director M.S. Levatich Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.4 Elect Director J.W. Prueher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Emerson Electric Co. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Require Independent Board Chairman SH Against Abstain Abstain Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Report on Political Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to political contributions are reasonable.
7 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
8 Adopt Quantitative Company-wide GHG Goals SH Against Abstain Abstain Yes
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to GHG emissions are broadly in line with market standard but could be enhanced.
Rockwell Automation, Inc.
Meeting Date: 02/07/2017 Country: USA Primary Security ID: 773903109 Record Date: 12/12/2016 Meeting Type: Annual Ticker: ROK
Primary CUSIP: 773903109
Shares Voted: 29
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
A1 Elect Director Steven R. Kalmanson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
A2 Elect Director James P. Keane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
A3 Elect Director Blake D. Moret Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
A4 Elect Director Donald R. Parfet Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
A5 Elect Director Thomas W. Rosamilia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
B Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rockwell Automation, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
C Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
D Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Varian Medical Systems, Inc.
Meeting Date: 02/09/2017 Country: USA Primary Security ID: 92220P105 Record Date: 12/13/2016 Meeting Type: Annual Ticker: VAR
Primary CUSIP: 92220P105
Shares Voted: 54
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Susan L. Bostrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Judy Bruner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Regina E. Dugan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director R. Andrew Eckert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Mark R. Laret Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Erich R. Reinhardt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Dow R. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Varian Medical Systems, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Accenture plc
Meeting Date: 02/10/2017 Country: Ireland Primary Security ID: G1151C101 Record Date: 12/12/2016 Meeting Type: Annual Ticker: ACN
Primary CUSIP: G1151C101
Shares Voted: 178
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Jaime Ardila Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Charles H. Giancarlo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Herbert Hainer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William L. Kimsey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Marjorie Magner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Nancy McKinstry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Pierre Nanterme Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Accenture plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Gilles C. Pelisson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Paula A. Price Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Arun Sarin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Frank K. Tang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve KPMG LLP as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
6 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
7 Determine the Price Range at which Mgmt For For For No Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
Franklin Resources, Inc.
Meeting Date: 02/15/2017 Country: USA Primary Security ID: 354613101 Record Date: 12/19/2016 Meeting Type: Annual Ticker: BEN
Primary CUSIP: 354613101 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Franklin Resources, Inc.
Shares Voted: 146
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Peter K. Barker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Mariann Byerwalter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Charles E. Johnson Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1d Elect Director Gregory E. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Rupert H. Johnson, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1f Elect Director Mark C. Pigott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Chutta Ratnathicam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Laura Stein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Seth H. Waugh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Geoffrey Y. Yang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Franklin Resources, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Report on Climate Change Position and Proxy SH Against Against Against No Voting
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
6 Report on Executive Pay and Proxy Voting SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Novozymes A/S
Meeting Date: 02/22/2017 Country: Denmark Primary Security ID: K7317J133 Record Date: 02/15/2017 Meeting Type: Annual Ticker: NZYM B
Primary CUSIP: K7317J117
Shares Voted: 63
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of DKK 4 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Guidelines for Incentive-Based Mgmt For For For No Compensation for Executive Management and Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Approve Remuneration of Directors in the Mgmt For For For No Amount of DKK 1.5 Million for Chairman, DKK1.0 Million for Vice Chairman and DKK 500,000 for Other Directors; ApproveRemuneration for Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
6a Approve DKK 10 Million Reduction in Share Mgmt For For For No Capital via Share Cancellation
Voting Policy Rationale: A vote FOR this item is warranted as it facilitates the return of capital to shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Novozymes A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6b Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Elect Jorgen Buhl Rasmussen (Chairman) as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Agnete Raaschou-Nielsen (Vice Mgmt For For For No Chairman) as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9a Reelect Heinz-Jurgen Bertram as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9b Reelect Lars Green as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9c Reelect Mathias Uhlen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9d Elect Kim Stratton as New Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9e Elect Kasim Kutay as New Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
11 Authorize Editorial Changes to Adopted Mgmt For For For No Resolutions in Connection with Registration with Danish Authorities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
12 Other Business Mgmt
Apple Inc.
Meeting Date: 02/28/2017 Country: USA Primary Security ID: 037833100 Record Date: 12/30/2016 Meeting Type: Annual Ticker: AAPL
Primary CUSIP: 037833100 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Apple Inc.
Shares Voted: 687
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director James Bell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Tim Cook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Al Gore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Bob Iger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Andrea Jung Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Art Levinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ron Sugar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Sue Wagner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Disclose Charitable Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
6 Adopt Policy to Increase Diversity of Senior SH Against Against Against No Management and Board of Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Apple Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Proxy Access Amendments SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
8 Engage Outside Independent Experts for SH Against Against Against No Compensation Reforms
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
9 Adopt Share Retention Policy For Senior SH Against Against Against No Executives
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
KONE Oyj
Meeting Date: 02/28/2017 Country: Finland Primary Security ID: X4551T105 Record Date: 02/16/2017 Meeting Type: Annual Ticker: KNEBV
Primary CUSIP: X4551T105
Shares Voted: 41
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Open Meeting Mgmt
2 Call the Meeting to Order Mgmt
3 Designate Inspector or Shareholder Mgmt For For For No Representative(s) of Minutes of Meeting
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Receive Financial Statements and Statutory Mgmt Reports
7 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
KONE Oyj Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.5475 per Class A Share and EUR 1.55 per Class B Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
9 Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
10 Approve Remuneration of Directors in the Mgmt For For For No Amount of EUR 54,000 for Chairman, EUR 44,000 for Vice Chairman, and EUR 37,000 for Other Directors; Approve Attendance Fees for Board and Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
11 Fix Number of Directors at Eight Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
12 Reelect Matti Alahuhta, Anne Brunila, Antti Mgmt For Against Against Yes Herlin, Iiris Herlin, Jussi Herlin, Ravi Kant, Juhani Kaskeala and Sirpa Pietikainen as Directors
Voting Policy Rationale: The director nominees do not merit support as per voting guidelines as at least one of the nominees is an executive who sits on a key committee.
13 Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Fix Number of Auditors at Two Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the number of auditors.
15 Ratify PricewaterhouseCoopers and Niina Mgmt For For For No Vilske as Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
17 Close Meeting Mgmt
Novartis AG
Meeting Date: 02/28/2017 Country: Switzerland Primary Security ID: H5820Q150 Record Date: Meeting Type: Annual Ticker: NOVN
Primary CUSIP: H5820Q150 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Novartis AG
Shares Voted: 152
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 2.75 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve CHF 5.14 Million Reduction in Share Mgmt For For For No Capital via Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted.
5.1 Approve Maximum Remuneration of Directors Mgmt For For For No in the Amount of CHF 8.5 Million
Voting Policy Rationale: A vote FOR this resolution is warranted.
5.2 Approve Maximum Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 99 Million
Voting Policy Rationale: Although the increase in the pay envelope is partly due to compensation increases, it also accounts for the addition of one new member to the executive management team. On a per-person basis, total potential remuneration would decline by 3 percent year-on-year. Actual payout levels would be partly contingent on incentive pay, and the company's executive-pay-for performance does not raise serious concerns at this time. The concerns raised in the analysis about executive pay quantum are not considered to warrant a vote against the executive pay envelope at this time. A vote against the remuneration report is considered more appropriate at this time. However, repeated concerns about executive pay quantum may warrant shareholder opposition to this item in future years.
5.3 Approve Remuneration Report (Non-Binding) Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6.1 Reelect Joerg Reinhardt as Director and Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.2 Reelect Nancy C. Andrews as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.3 Reelect Dimitri Azar as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.4 Reelect Ton Buechner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Novartis AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.5 Reelect Srikant Datar as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.6 Reelect Elizabeth Doherty as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.7 Reelect Ann Fudge as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.8 Reelect Pierre Landolt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.9 Reelect Andreas von Planta as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.10 Reelect Charles L. Sawyers as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.11 Reelect Enrico Vanni as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.12 Reelect William T. Winters as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.13 Elect Frans van Houten as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1 Appoint Srikant Datar as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.2 Appoint Ann Fudge as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.3 Appoint Enrico Vanni as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.4 Appoint William T. Winters as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
8 Ratify PricewaterhouseCoopers AG as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Novartis AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Designate Peter Andreas Zahn as Mgmt For For For No Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
10 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
AmerisourceBergen Corporation
Meeting Date: 03/02/2017 Country: USA Primary Security ID: 03073E105 Record Date: 01/03/2017 Meeting Type: Annual Ticker: ABC
Primary CUSIP: 03073E105
Shares Voted: 46
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Ornella Barra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Steven H. Collis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Douglas R. Conant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director D. Mark Durcan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard W. Gochnauer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Lon R. Greenberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Jane E. Henney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Kathleen W. Hyle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AmerisourceBergen Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Michael J. Long Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Henry W. McGee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Directors May Be Removed With or Mgmt For For For No Without Cause
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
DONG Energy A/S
Meeting Date: 03/02/2017 Country: Denmark Primary Security ID: K3192G104 Record Date: 02/23/2017 Meeting Type: Annual Ticker: DENERG
Primary CUSIP: N/A
Shares Voted: 253
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Discharge of Management and Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Allocation of Income and Dividends Mgmt For For For No of DKK 6 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
DONG Energy A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Authorize Share Repurchase Program (The Mgmt Board is Not Requesting Any Authorization)
6 Amend Articles Re: Deletion of Redundant Mgmt For For For No Articles
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
7a1 Determine Number of Members (6) and Mgmt For For For No Deputy Members (0) of Board
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
7a2 Reelect Thomas Andersen (Chairman) as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7a3 Reelect Lene Skole (Vice Chairman) as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7a4 Reelect Lynda Armstrong as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7a5 Reelect Pia Gjellerup as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7a6 Reelect Benny Loft as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7a7 Elect Peter Korsholm as New Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7b Election of Up to Two Additional Directors Mgmt For Abstain Abstain Yes (Subject to Submission of Amended Proposal by the Nominating Committee)
Voting Policy Rationale: The company failed to disclose adequate information on this proposal.
8 Approve Remuneration of Directors in the Mgmt For For For No Amount of DKK 960,000 for Chairman, DKK 640,000 for Vice Chairman, and DKK 320,000 for Other Directors; Approve Remuneration for Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
9 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Other Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
QUALCOMM Incorporated
Meeting Date: 03/07/2017 Country: USA Primary Security ID: 747525103 Record Date: 01/09/2017 Meeting Type: Annual Ticker: QCOM
Primary CUSIP: 747525103
Shares Voted: 235
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Barbara T. Alexander Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jeffrey W. Henderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Thomas W. Horton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Paul E. Jacobs Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Ann M. Livermore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Harish Manwani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Mark D. McLaughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Steve Mollenkopf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Clark T. "Sandy" Randt, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Francisco Ros Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Anthony J. Vinciquerra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
QUALCOMM Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Proxy Access Amendments SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
TE Connectivity Ltd.
Meeting Date: 03/08/2017 Country: Switzerland Primary Security ID: H84989104 Record Date: 02/16/2017 Meeting Type: Annual Ticker: TEL
Primary CUSIP: H8912P106
Shares Voted: 119
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Pierre R. Brondeau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Terrence R. Curtin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Carol A. ('John') Davidson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William A. Jeffrey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Thomas J. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Yong Nam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Daniel J. Phelan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Paula A. Sneed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TE Connectivity Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Abhijit Y. Talwalkar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Mark C. Trudeau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director John C. Van Scoter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Laura H. Wright Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Board Chairman Thomas J. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
3a Elect Daniel J. Phelan as Member of Mgmt For For For No Management Development & Compensation Committee
Voting Policy Rationale: In the absence of significant concerns with the director nominee, this item merits support as per SSGA’s voting guidelines.
3b Elect Paula A. Sneed as Member of Mgmt For For For No Management Development & Compensation Committee
Voting Policy Rationale: In the absence of significant concerns with the director nominee, this item merits support as per SSGA’s voting guidelines.
3c Elect John C. Van Scoter as Member of Mgmt For For For No Management Development & Compensation Committee
Voting Policy Rationale: In the absence of significant concerns with the director nominee, this item merits support as per SSGA’s voting guidelines.
4 Designate Rene Schwarzenbach as Mgmt For For For No Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.1 Accept Annual Report for Fiscal Year Ended Mgmt For For For No September 30, 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.2 Accept Statutory Financial Statements for Mgmt For For For No Fiscal Year Ended September 30, 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.3 Approve Consolidated Financial Statements Mgmt For For For No for Fiscal Year Ended September 30, 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TE Connectivity Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA’s voting guidelines.
7.1 Ratify Deloitte & Touche LLP as Independent Mgmt For For For No Registered Public Accounting Firm for Fiscal Year 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.2 Ratify Deloitte AG as Swiss Registered Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.3 Ratify PricewaterhouseCoopers AG as Special Mgmt For For For No Auditors
Voting Policy Rationale: A vote FOR this proposal to ratify the auditor is warranted.
8 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
10 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
11 Approve the Increase in Maximum Aggregate Mgmt For For For No Remuneration of Executive Management
Voting Policy Rationale: A vote FOR this item is warranted because the proposal appears to be in line with market practice and does not raise significant concerns.
12 Approve the Increase in Maximum Aggregate Mgmt For For For No Remuneration of Board of Directors
Voting Policy Rationale: A vote FOR this proposal is warranted.
13 Approve Allocation of Available Earnings at Mgmt For For For No September 30, 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
14 Approve Declaration of Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
15 Authorize Share Repurchase Program Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support this item due to concerns with the long duration of the authorization. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TE Connectivity Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Approve Reduction of Share Capital Mgmt For For For No
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted.
17 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
The Walt Disney Company
Meeting Date: 03/08/2017 Country: USA Primary Security ID: 254687106 Record Date: 01/09/2017 Meeting Type: Annual Ticker: DIS
Primary CUSIP: 254687106
Shares Voted: 223
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Susan E. Arnold Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John S. Chen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jack Dorsey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Robert A. Iger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Maria Elena Lagomasino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Fred H. Langhammer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Aylwin B. Lewis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Robert W. Matschullat Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Walt Disney Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Mark G. Parker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Sheryl K. Sandberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Orin C. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
6 Proxy Access Bylaw Amendment SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Rockwell Collins, Inc.
Meeting Date: 03/09/2017 Country: USA Primary Security ID: 774341101 Record Date: 01/18/2017 Meeting Type: Special Ticker: COL
Primary CUSIP: 774341101
Shares Voted: 65
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Issue Shares in Connection with Merger Mgmt For For For No
Voting Policy Rationale: A vote FOR this item is warranted, given the strategic rationale, clearly articulated synergy potential, and earnings accretion. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rockwell Collins, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
Cheung Kong Property Holdings Ltd.
Meeting Date: 03/14/2017 Country: Cayman Islands Primary Security ID: G2103F101 Record Date: 03/09/2017 Meeting Type: Special Ticker: 1113
Primary CUSIP: N/A
Shares Voted: 343
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Connected Transaction Between the Mgmt For For For No Company and Cheung Kong Infrastructure Holdings Limited Pursuant to the Consortium Formation Agreement
Voting Policy Rationale: A vote FOR this proposal is warranted given the following:- The investment in the JV Company will facilitate the acquisition of the DUET Group, which is in line with CKPH's diversification strategy;- The contributions are proportionate to the resulting ownership in the JV Company;- Shareholders of the JV Company will also be able to nominate directors of the JV Company relative to their ownership in the JV Company; and- The EV/EBITDA of the DUET Group as implied by the acquisition consideration is within the range of comparables.
Pandora A/S
Meeting Date: 03/15/2017 Country: Denmark Primary Security ID: K7681L102 Record Date: 03/08/2017 Meeting Type: Annual Ticker: PNDORA
Primary CUSIP: N/A
Shares Voted: 21
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pandora A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.1 Approve Remuneration of Directors for 2016 Mgmt For For For No
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the actual fees.
3.2 Approve Amended Remuneration Policy Mgmt For For For No Regarding the Board of Directors
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3.3 Approve Remuneration of Directors for 2017 Mgmt For For For No in the Amount of DKK 1.5 Million for Chairman, DKK 750,000 for Vice Chairman, and DKK 500,000 for Other Directors; Approve Remuneration for Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
4 Approve Allocation of Income and Dividends Mgmt For For For No of DKK 9 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Discharge of Management and Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
6.1 Reduce Par Value from DKK 1 to DKK 0.01 per Mgmt For For For No Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.2 Approve DKK 4.5 Million Reduction in Share Mgmt For For For No Capital via Share Cancellation
Voting Policy Rationale: A vote FOR this item is warranted as it facilitates the return of capital to shareholders and may also improve the efficiency of the balance sheet.
6.3 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6.4 Authorize the Board to Decide on Distribution Mgmt For For For No of Extraordinary Dividends of Maximum DKK 27 Per Share Prior to 2018 AGM
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6.5 Authorize Editorial Changes to Adopted Mgmt For For For No Resolutions in Connection with Registration with Danish Authorities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7.1 Reelect Peder Tuborgh (Chairman) as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pandora A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.2 Reelect Christian Frigast (Deputy Chairman) Mgmt For For For No as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.3 Reelect Allan Leslie Leighton (Co-Deputy Mgmt For For For No Chairman) as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.4 Reelect Andrea Dawn Alvey as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.5 Reelect Ronica Wang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.6 Reelect Anders Boyer-Sogaard as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.7 Reelect Bjorn Gulden as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.8 Reelect Per Bank as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.9 Reelect Michael Hauge Sorensen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.10 Reelect Birgitta Stymne Goransson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Ratify Ernst & Young as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9 Other Business Mgmt
Banco Bilbao Vizcaya Argentaria, S.A.
Meeting Date: 03/16/2017 Country: Spain Primary Security ID: E11805103 Record Date: 03/12/2017 Meeting Type: Annual Ticker: BBVA
Primary CUSIP: E11805103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Banco Bilbao Vizcaya Argentaria, S.A.
Shares Voted: 638
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
1.3 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
2.1 Reelect Jose Manuel Gonzalez-Paramo Mgmt For For For No Martinez-Murillo as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Reelect Carlos Loring Martinez de Irujo as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Reelect Susana Rodriguez Vidarte as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Reelect Tomas Alfaro Drake as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Reelect Lourdes Maiz Carro as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: A vote FOR this item is warranted because the proposed scrip dividends have a cash option attached and do not jeopardize the company's financial position.
4 Authorize Increase in Capital up to 50 Percent Mgmt For For For No via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Banco Bilbao Vizcaya Argentaria, S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Authorize Issuance of Convertible Bonds, Mgmt For For For No Debentures, Warrants, and Other Debt Securities without Preemptive Rights up to EUR 8 Billion
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
7 Fix Maximum Variable Compensation Ratio Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
8 Appoint KPMG Auditores as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
10 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
HKT Trust and HKT Limited
Meeting Date: 03/17/2017 Country: Hong Kong Primary Security ID: Y3R29Z107 Record Date: 03/14/2017 Meeting Type: Annual Ticker: 6823
Primary CUSIP: N/A
Shares Voted: 4,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Distribution by HKT Trust and Mgmt For For For No Final Dividend by the Company
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Elect Alexander Anthony Arena as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HKT Trust and HKT Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3b Elect Chung Cho Yee, Mico as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3c Elect Srinivas Bangalore Gangaiah as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3d Elect Aman Mehta as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3e Authorize Board to Fix Remuneration of Mgmt For For For No Directors
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
4 Approve PricewaterhouseCoopers as Auditors Mgmt For For For No of the HKT Trust, the Company and the Trustee-Manager and Authorize Directors of the Company and Trustee-Manager to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
SGS SA
Meeting Date: 03/21/2017 Country: Switzerland Primary Security ID: H7485A108 Record Date: Meeting Type: Annual Ticker: SGSN
Primary CUSIP: H7485A108
Shares Voted: 4
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SGS SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 70 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.1a Reelect Paul Desmarais, jr. as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
4.1b Reelect August von Finck as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1c Reelect August Francois von Finck as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1d Reelect Ian Gallienne as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
4.1e Reelect Cornelius Grupp as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1f Reelect Peter Kalantzis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1g Reelect Christopher Kirk as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1h Reelect Gerard Lamarche as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
4.1i Reelect Sergio Marchionne as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
4.1j Reelect Shelby R. du Pasquier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Reelect Sergio Marchionne as Board Chairman Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SGS SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.3a Reelect August von Finck as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3b Reelect Ian Gallienne as Member of the Mgmt For Against Against Yes Compensation Committee
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
4.3c Reelect Shelby R. du Pasquier as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.4 Ratify Deloitte SA as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.5 Designate Jeandin and Defacqz as Mgmt For For For No Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.1 Approve Remuneration of Directors in the Mgmt For For For No Amount of CHF 2.1 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with market practice.
5.2 Approve Fixed Remuneration of Executive Mgmt For Against Against Yes Committee in the Amount of CHF 9.3 Million
Voting Policy Rationale: A vote AGAINST the proposed maximum fixed compensation for members of the Operations Council in fiscal 2018 is warranted because:- For the second consecutive year, the board has proposed to increase the maximum potential fixed compensation that could be paid to the Operations Council. Although the overall proposed increase is moderate (+1 percent), due to a recent reduction in headcount, the potential increase on a per person basis is over 10 percent. This is the second consecutive year that the fixed pay proposal has represented a potential increase of over 10 percent on a per person basis.- The board's proposal applies only to base salaries, and not to other non-variable elements such as pension or social insurance contributions. The proposed pay envelope is well in excess of the actual base salaries that were paid to members of the Operations Council in 2016 (+19.7 percent in aggregate, +28.3 percent per person on average). The proposal therefore appears to provide the board with the flexibility to grant potentially excessive increases in base salaries.- The company's rationale for the proposed increase is not considered to be compelling.
5.3 Approve Variable Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 3.7 Million
Voting Policy Rationale: A vote FOR the variable compensation paid to the Operations Council in 2016 (Item 5.3) is warranted, as the proposed amount is broadly in line with the company's performance and does not give rise to significant concerns.
6 Approve CHF 188,704 Reduction in Share Mgmt For For For No Capital via the Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted because:- Share repurchases benefit shareholders by boosting the trading price and returning surplus capital, and- Repurchases improve the efficiency of the balance sheet, which may enhance returns over the long term. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SGS SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Approve Creation of CHF 500,000 Pool of Mgmt For For For No Capital without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Hewlett Packard Enterprise Company
Meeting Date: 03/22/2017 Country: USA Primary Security ID: 42824C109 Record Date: 01/23/2017 Meeting Type: Annual Ticker: HPE
Primary CUSIP: 42824C109
Shares Voted: 276
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Daniel Ammann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Marc L. Andreessen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Michael J. Angelakis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Leslie A. Brun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Pamela L. Carter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Klaus Kleinfeld Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Raymond J. Lane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Ann M. Livermore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hewlett Packard Enterprise Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Raymond E. Ozzie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Gary M. Reiner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Patricia F. Russo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Lip-Bu Tan Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
1m Elect Director Margaret C. Whitman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Mary Agnes Wilderotter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Starbucks Corporation
Meeting Date: 03/22/2017 Country: USA Primary Security ID: 855244109 Record Date: 01/12/2017 Meeting Type: Annual Ticker: SBUX
Primary CUSIP: 855244109
Shares Voted: 323
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Howard Schultz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Starbucks Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director William W. Bradley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Rosalind Brewer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Mary N. Dillon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Robert M. Gates Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Mellody Hobson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Kevin R. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Jorgen Vig Knudstorp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Satya Nadella Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Joshua Cooper Ramo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Clara Shih Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Javier G. Teruel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Myron E. Ullman, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Craig E. Weatherup Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Starbucks Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Givaudan SA
Meeting Date: 03/23/2017 Country: Switzerland Primary Security ID: H3238Q102 Record Date: Meeting Type: Annual Ticker: GIVN
Primary CUSIP: H3238Q102
Shares Voted: 11
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 56 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5.1.1 Reelect Victor Balli as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.2 Reelect Werner Bauer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.3 Reelect Lilian Biner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Givaudan SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.1.4 Reelect Michael Carlos as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.5 Reelect Ingrid Deltenre as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.6 Reelect Calvin Grieder as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.7 Reelect Thomas Rufer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Elect Calvin Grieder as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5.3.1 Appoint Werner Bauer as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3.2 Appoint Ingrid Deltenre as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3.3 Appoint Victor Balli as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.4 Designate Manuel Isler as Independent Proxy Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.5 Ratify Deloitte SA as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 3 Million
Voting Policy Rationale: A vote FOR this resolution is warranted.
6.2.1 Approve Short Term Variable Remuneration Mgmt For For For No of Executive Committee for Fiscal 2016 in the Amount of CHF 3.3 Million
Voting Policy Rationale: Votes FOR item 6.2.1 (short-term variable compensation) and 6.2.2 (fixed and long-term variable compensation) are warranted. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Givaudan SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.2.2 Approve Maximum Fixed and Long Term Mgmt For For For No Remuneration of Executive Committee for Fiscal 2017 in the Amount of CHF 19.8 Million
Voting Policy Rationale: Votes FOR item 6.2.1 (short-term variable compensation) and 6.2.2 (fixed and long-term variable compensation) are warranted.
7 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Novo Nordisk A/S
Meeting Date: 03/23/2017 Country: Denmark Primary Security ID: K72807132 Record Date: 03/16/2017 Meeting Type: Annual Ticker: NOVO B
Primary CUSIP: K7314N152
Shares Voted: 541
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3.1 Approve Remuneration of Directors for 2016 Mgmt For For For No
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
3.2 Approve Remuneration of Directors for 2017 Mgmt For For For No
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
4 Approve Allocation of Income and Dividends Mgmt For For For No of DKK 7.60 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5.1 Reelect Goran Ando as Director and Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Reelect Jeppe Christiansen as Director and Mgmt For For For No Deputy Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Novo Nordisk A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.3a Reelect Brian Daniels as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3b Reelect Sylvie Gregoire as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3c Reelect Liz Hewitt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3d Elect Kasim Kutay as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3e Elect Helge Lund as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3f Reelect Mary Szela as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.1 Approve DKK 10 Million Reduction in Share Mgmt For For For No Capital via Share Cancellation
Voting Policy Rationale: A vote FOR this item is warranted as it facilitates the return of capital to shareholders and may improve the efficiency of the balance sheet, which may also enhance returns over the long-term.
7.2 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7.3 Approve Guidelines for Incentive-Based Mgmt For For For No Compensation for Executive Management and Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposals Submitted by Kathe Mgmt Sohn and Flemming Sohn
8.1 Free Parking for the Shareholders in SH Against Against Against No Connection with the Shareholders' Meeting
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
8.2 The Buffet after the Shareholders' Meeting is SH Against Against Against No Served as Set Table Catering
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
9 Other Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bridgestone Corp.
Meeting Date: 03/24/2017 Country: Japan Primary Security ID: J04578126 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 5108
Primary CUSIP: J04578126
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 70
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Tsuya, Masaaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Nishigai, Kazuhisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Zaitsu, Narumi Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.4 Elect Director Togami, Kenichi Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.5 Elect Director Tachibana Fukushima, Sakie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Scott Trevor Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Okina, Yuri Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Masuda, Kenichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Yamamoto, Kenzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Terui, Keiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Sasa, Seiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Japan Tobacco Inc
Meeting Date: 03/24/2017 Country: Japan Primary Security ID: J27869106 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 2914
Primary CUSIP: J27869106
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 66
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Appoint Alternate Statutory Auditor Masaki, Mgmt For For For No Michio
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
TonenGeneral Sekiyu k.k.
Meeting Date: 03/24/2017 Country: Japan Primary Security ID: J8657U110 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 5012
Primary CUSIP: J8657U110
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 28.5
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Muto, Jun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Hirose, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Miyata, Tomohide Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Onoda, Yasushi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TonenGeneral Sekiyu k.k. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.5 Elect Director Saita, Yuji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Yokoi, Yoshikazu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Yokota, Hiroyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Oshida, Yasuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Matsuo, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Miyata, Yoshiiku Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
William Demant Holding A/S
Meeting Date: 03/27/2017 Country: Denmark Primary Security ID: K9898W145 Record Date: 03/20/2017 Meeting Type: Annual Ticker: WDH
Primary CUSIP: K9898W129
Shares Voted: 75
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Report of Board Mgmt
2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Remuneration of Directors in the Mgmt For For For No Amount of DKK 1.05 Million for Chairman, DKK 700,000 for Vice Chairman, and DKK 350,000 for Other Directors
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
4 Approve Allocation of Income and Omission Mgmt For For For No of Dividends
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
William Demant Holding A/S Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5a Reelect Peter Foss as Director Mgmt For Abstain Abstain Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the company does not have a remuneration committee and the board is less than 50% independent
5b Reelect Niels B. Christiansen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5c Reelect Benedikte Leroy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5d Reelect Lars Rasmussen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5e Elect Niels Jacobsen as New Director Mgmt For Abstain Abstain Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the company does not have a remuneration committee and the board is less than 50% independent
6 Ratify Deloitte as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7a Approve DKK 1.4 Million Reduction in Share Mgmt For For For No Capital
Voting Policy Rationale: A vote FOR this item is warranted as it facilitates the return of capital to shareholders and may improve the efficiency of the balance sheet, which may also enhance returns over the long-term.
7b Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7c Amend Articles Re: General Meeting and Mgmt For For For No Distribution of Ballot Papers
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
7d Authorize Editorial Changes to Adopted Mgmt For For For No Resolutions in Connection with Registration with Danish Authorities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
8 Other Business Mgmt
Daimler AG
Meeting Date: 03/29/2017 Country: Germany Primary Security ID: D1668R123 Record Date: Meeting Type: Annual Ticker: DAI
Primary CUSIP: D1668R123 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Daimler AG
Shares Voted: 74
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
Voting Policy Rationale: This is a non-voting item.
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 3.25 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5.1 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.2 Ratify KPMG AG as Auditors for the 2018 Mgmt For For For No Interim Financial Statements Until the 2018 AGM
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.1 Elect Clemens Boersig to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.2 Elect Bader Mohammad Al Saad to the Mgmt For Against Against Yes Supervisory Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
7 Approve Remuneration of Supervisory Board Mgmt For For For No
Voting Policy Rationale: A vote FOR the proposed change in the remuneration schedule for supervisory board members is warranted.
8 Amend Articles Re: Participation and Voting at Mgmt For For For No Shareholder Meetings
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Otsuka Corporation
Meeting Date: 03/29/2017 Country: Japan Primary Security ID: J6243L115 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 4768
Primary CUSIP: J6243L107
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 120
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Otsuka, Yuji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Katakura, Kazuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Takahashi, Toshiyasu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Yano, Katsuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Saito, Hironobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Wakamatsu, Yasuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Tsurumi, Hironobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Sakurai, Minoru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Hirose, Mitsuya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Tanaka, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Moriya, Norihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Otsuka Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.12 Elect Director Makino, Jiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Saito, Tetsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Director Retirement Bonus Mgmt For Against Against Yes
Voting Policy Rationale: A vote AGAINST this proposal is warranted because:- The bonus amount is not disclosed.
Telefonaktiebolaget LM Ericsson
Meeting Date: 03/29/2017 Country: Sweden Primary Security ID: W26049119 Record Date: 03/23/2017 Meeting Type: Annual Ticker: ERIC B
Primary CUSIP: W26049119
Shares Voted: 747
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Chairman of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Agenda of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Receive Financial Statements and Statutory Mgmt Reports
Voting Policy Rationale: This is a non-voting item.
7 Receive President's Report Mgmt
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Telefonaktiebolaget LM Ericsson Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8.2 Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
8.3 Approve Allocation of Income and Dividends Mgmt For For For No of SEK 1 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
9 Determine Number of Directors (11) and Mgmt For For For No Deputy Directors (0) of Board
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
10 Approve Remuneration of Directors in the Mgmt For For For No Amount of SEK 4.1 Million for Chairman and SEK 990,000 for Other Directors, Approve Remuneration for Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
11.1 Elect Jon Baksaas as New Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.2 Elect Jan Carlson as New Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
11.3 Reelect Nora Denzel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.4 Reelect Borje Ekholm as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.5 Elect Eric Elzvik as New Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.6 Reelect Leif Johansson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.7 Reelect Kristin Lund as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.8 Reelect Kristin Rinne as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Telefonaktiebolaget LM Ericsson Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11.9 Reelect Sukhinder Cassidy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.10 Reelect Helena Stjernholm as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
11.11 Reelect Jacob Wallenberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Reappoint Leif Johansson as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
13 Determine Number of Auditors (1) and Mgmt For For For No Deputy Auditors (0)
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the number of auditors.
14 Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
17.1 Approve Long-Term Variable Compensation Mgmt For For For No Program 2017 (LTV 2017)
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17.2 Authorize Transfer of up to 2.2 Million B Mgmt For For For No Shares in Connection to LTV 2017; Approve Reissuance of 800,000 B Shares to Cover Expenses; Approve Directed Issuance of up to 3 Million C Shares; Approve Directed Repurchase of up to 3 Million C Shares
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17.3 Approve Equity Swap Agreement with Third Mgmt For For For No Party as Alternative Financing
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Telefonaktiebolaget LM Ericsson Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Approve Transfer of up to 19.8 Million Shares Mgmt For For For No in Connection to LTV 2013, LTV 2014, LTV 2015 and LTV 2016
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Shareholder Proposals Submitted by Einar Mgmt Hellbom and Thorwald Arvidsson
19 Require the Board to Present a Proposal on SH None For For No Equal Voting Rights for All Shares at the AGM 2018
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices pertaining to the item can be improved.
20 Request Board to Propose to the Swedish SH None Against Against No Government Legislation on the Abolition of Voting Power Differences in Swedish Limited Liability Companies
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
21.1 Amend Articles Re: Voting Power Differences SH None For For No
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
21.2 Amend Articles Re: Former Politicians on the SH None Against Against No Board of Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
22.1 Adopt Vision Regarding Work Place Accidents SH None Against Against No in the Company
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.2 Require Board to Appoint Work Group SH None Against Against No Regarding Work Place Accidents
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
22.3 Require Report on the Work Regarding Work SH None Against Against No Place Accidents to be Published at AGM and Include the Report in Annual Report
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.4 Adopt a Vision for Absolute Gender Equality SH None Against Against No on All Levels Within the Company
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable.
22.5 Instruct the Board to Set Up a Working Group SH None Against Against No Concerning Gender and Ethnicity Diversification Within the Company
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Telefonaktiebolaget LM Ericsson Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
22.6 Require the Results from the Working Group SH None Against Against No Concerning Item 22.4 to be Reported to the AGM
Voting Policy Rationale: This proposal does not merit support as the company's sustainability disclosure and practices are reasonable.
22.7 Request Board to Take Necessary Action to SH None Against Against No Create a Shareholders' Association
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.8 Prohibit Directors from Being Able to Invoice SH None Against Against No Director's Fees via Swedish and Foreign Legal Entities
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.9 Request Board to Propose to the Appropriate SH None Against Against No Authority to Bring About a Changed Regulation in the Area Relating to Item 22.8
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.10 Require Nomination Committee to Consider SH None Against Against No Matters Related to Ethics, Gender and Ethnicity
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable.
22.11 Request Board to Propose to the Swedish SH None Against Against No Government to Draw Attention to the Need for Introducing a "cool-off" Period For Politicians
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
22.12 Instruct the Board to Prepare a Proposal for SH None Against Against No the Representation of Small- and Midsized Shareholders in the Board and Nomination Committee
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
23 Assign Special Examiner to Examine if SH None Against Against No Corruption has Occurred in the Company's Business
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
24 Close Meeting Mgmt
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Zurich Insurance Group AG
Meeting Date: 03/29/2017 Country: Switzerland Primary Security ID: H9870Y105 Record Date: Meeting Type: Annual Ticker: ZURN
Primary CUSIP: H9870Y105
Shares Voted: 31
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2.1 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 11.30 per Share from Available Earnings
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.2 Approve Dividends of CHF 5.70 per Share Mgmt For For For No from Capital Contribution Reserves
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1a Reelect Tom de Swaan as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1b Reelect Joan Amble as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1c Reelect Susan Bies as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1d Reelect Alison Carnwath as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1e Reelect Christoph Franz as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1f Reelect Jeffrey Hayman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Zurich Insurance Group AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.1g Reelect Fred Kindle as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1h Reelect Monica Maechler as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1i Reelect Kishore Mahbubani as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1j Reelect David Nish as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1k Elect Catherine Bessant as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2.1 Appoint Tom de Swaan as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.2 Appoint Christoph Franz as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.3 Appoint Fred Kindle as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.4 Appoint Kishore Mahbubani as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.3 Designate Andreas Keller as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
4.4 Ratify PricewaterhouseCoopers AG as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors Until 2018 AGM in the Amount of CHF 5 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the amount is not excessive compared to other large cap Swiss issuers. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Zurich Insurance Group AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.2 Approve Maximum Remuneration of Executive Mgmt For For For No Committee for Fiscal 2018 in the Amount of CHF 74.3 Million
Voting Policy Rationale: A vote FOR this item is warranted because- Based on the company's disclosures, the board's proposal would enable it to allocate remuneration under the company's disclosed remuneration and does not appear to provide unreasonable leeway for discretion or abuse.
6 Approve Creation of CHF 4.5 Million Pool of Mgmt For For For No Authorized Share Capital with Partial Exclusion of Preemptive Rights and CHF 3 Million Pool of Contingent Share Capital without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Amend Articles Re: Resolutions and Elections, Mgmt For For For No Duties and Competencies of the Board, Transfer of Competencies, Board Resolutions and Minutes, and Loans to Board Members or Executives
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Canon Inc.
Meeting Date: 03/30/2017 Country: Japan Primary Security ID: J05124144 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 7751
Primary CUSIP: J05124144
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 75
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Mitarai, Fujio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Maeda, Masaya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canon Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.3 Elect Director Tanaka, Toshizo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Matsumoto, Shigeyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Homma, Toshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Saida, Kunitaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Kato, Haruhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Yoshida, Hiroshi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: A vote FOR the proposal is warranted because:- The total proposed amount of the bonuses is reasonable.
Kirin Holdings Co., Ltd.
Meeting Date: 03/30/2017 Country: Japan Primary Security ID: 497350108 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 2503
Primary CUSIP: 497350108
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 20
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Isozaki, Yoshinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Nishimura, Keisuke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kirin Holdings Co., Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.3 Elect Director Ito, Akihiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Miyoshi, Toshiya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Ishii, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Arima, Toshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Arakawa, Shoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Iwata, Kimie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Nagayasu, Katsunori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: A vote FOR the proposal is warranted because:- The total proposed amount of the bonuses is reasonable.
4 Approve Compensation Ceilings for Directors Mgmt For For For No and Statutory Auditors
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The increase in the compensation ceiling for directors is intended to introduce/increase performance-based pay.
5 Approve Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Otsuka Holdings Co Ltd
Meeting Date: 03/30/2017 Country: Japan Primary Security ID: J63117105 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 4578
Primary CUSIP: N/A Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Otsuka Holdings Co Ltd
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Otsuka, Ichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Higuchi, Tatsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Makise, Atsumasa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Matsuo, Yoshiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Tobe, Sadanobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Kobayashi, Masayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Hirotomi, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Konose, Tadaaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Matsutani, Yukio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Suntory Beverage & Food Limited
Meeting Date: 03/30/2017 Country: Japan Primary Security ID: J78186103 Record Date: 12/31/2016 Meeting Type: Annual Ticker: 2587
Primary CUSIP: N/A
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 39 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Suntory Beverage & Food Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Kogo, Saburo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Tsujimura, Hideo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Kurihara, Nobuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Okizaki, Yukio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Torii, Nobuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Inoue, Yukari Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1 Elect Director and Audit Committee Member Mgmt For Against Against Yes Uchida, Harumichi
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
3.2 Elect Director and Audit Committee Member Mgmt For For For No Masuyama, Mika
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Alternate Director and Audit Committee Mgmt For For For No Member Amitani, Mitsuhiro
Voting Policy Rationale: The director nominee merits support per voting guidelines.
The Toronto-Dominion Bank
Meeting Date: 03/30/2017 Country: Canada Primary Security ID: 891160509 Record Date: 02/01/2017 Meeting Type: Annual Ticker: TD
Primary CUSIP: 891160509
Shares Voted: 176
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proposals Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Toronto-Dominion Bank Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director William E. Bennett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Amy W. Brinkley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Brian C. Ferguson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Colleen A. Goggins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Mary Jo Haddad Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Jean-Rene Halde Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director David E. Kepler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Brian M. Levitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Alan N. MacGibbon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Karen E. Maidment Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Bharat B. Masrani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Irene R. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Nadir H. Mohamed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Claude Mongeau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Toronto-Dominion Bank Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposals Mgmt
4 SP A: Adopt a Policy Of Withdrawing From SH Against Refer Against No Tax Havens or Jurisdictions with Low Tax Rates
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
5 SP B: Adopt a Compensation Policy for its SH Against Against Against No Highest-Ranking Executive that Provides for a Discretionary Downward Adjustment of Compensation in Case of Major Layoffs
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 SP C: Approve Creation of New Technology SH Against Against Against No Committee
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 SP D: Approve Simplification and SH Against Refer Against No Improvement of the Management Disclosure on Executive Compensation in the Management Proxy Circular
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 SP E: Establish a Policy To Seek Shareholder SH Against Against Against No Approval for Future Retirement or Severance Agreements with Senior Executives
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
9 SP F: Fix the Number of Board Not Less than SH Against Against Against No 12 and Not More Than 18
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
10 SP G: Adopt Proxy Access Bylaw SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Toshiba Corp.
Meeting Date: 03/30/2017 Country: Japan Primary Security ID: J89752117 Record Date: 02/11/2017 Meeting Type: Special Ticker: 6502
Primary CUSIP: J89752117 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Toshiba Corp.
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Transfer of Operations to New Mgmt For For For No Wholly Owned Subsidiary
Voting Policy Rationale: A vote FOR this transaction is warranted because:- The proposal is a prelude to dispose of the crown jewel memory business, from which Toshiba expects to raise funds necessary to clear away the capital deficiency and to maintain its listing status.
Iberdrola S.A.
Meeting Date: 03/31/2017 Country: Spain Primary Security ID: E6165F166 Record Date: 03/26/2017 Meeting Type: Annual Ticker: IBE
Primary CUSIP: E6165F166
Shares Voted: 1,428
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated and Standalone Mgmt For For For No Management Reports
Voting Policy Rationale: A vote FOR this item is warranted due to a lack of concern regarding the accounts presented or audit procedures used.
3 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Appoint KPMG Auditores as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Preamble of Bylaws Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
6 Amend Articles 7 and 8 Re: Company's Mgmt For For For No Commitment, Mission, Vision and Values
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Iberdrola S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Amend Article 14 of General Meeting Mgmt For For For No Regulations Re: Right to Information and Technical Improvements
Voting Policy Rationale: Votes FOR these items are warranted because the proposed amendments are in shareholder interests insofar as they enhance transparency on the company's and board's activities (Item 7) and promote shareholder participation in general meeting (Item 8).
8 Amend Articles 19 and 39 of General Meeting Mgmt For For For No Regulations Re: Channels for Participation
Voting Policy Rationale: Votes FOR these items are warranted because the proposed amendments are in shareholder interests insofar as they enhance transparency on the company's and board's activities (Item 7) and promote shareholder participation in general meeting (Item 8).
9 Elect Juan Manuel Gonzalez Serna as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Francisco Martinez Corcoles as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
12 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: Votes FOR these items are warranted because the proposed scrip dividends have a cash option attached and do not jeopardize the company's financial position.
13 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: Votes FOR these items are warranted because the proposed scrip dividends have a cash option attached and do not jeopardize the company's financial position.
14 Authorize Share Repurchase and Capital Mgmt For For For No Reduction via Amortization of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
15 Approve Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
16 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
17 Authorize Issuance of Non-Convertible Mgmt For For For No Bonds/Debentures and/or Other Debt Securities up to EUR 20 Billion and Issuance of Notes up to EUR 6 Billion
Voting Policy Rationale: The gearing ratio is 136.2% which is within the acceptable threshold for the company's sector in this market. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Iberdrola S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
Swisscom AG
Meeting Date: 04/03/2017 Country: Switzerland Primary Security ID: H8398N104 Record Date: Meeting Type: Annual Ticker: SCMN
Primary CUSIP: H8398N104
Shares Voted: 19
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 22 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1 Reelect Roland Abt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Reelect Valerie Berset Bircher as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3 Reelect Alain Carrupt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.4 Reelect Frank Esser as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swisscom AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.5 Reelect Barbara Frei as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.6 Reelect Catherine Muehlemann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.7 Reelect Theophil Schlatter as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.8 Reelect Hansueli Loosli as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.9 Reelect Hansueli Loosli as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5.1 Appoint Frank Esser as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.2 Appoint Barbara Frei as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3 Appoint Hansueli Loosli as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.4 Appoint Theophil Schlatter as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.5 Appoint Renzo Simoni as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.1 Approve Remuneration of Directors in the Mgmt For For For No Amount of CHF 2.5 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with market practice.
6.2 Approve Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 9.7 Million
Voting Policy Rationale: A vote FOR this item is warranted because the proposal appears to be in line with market practice and does not raise significant concerns.
7 Designate Reber Rechtsanwaelte as Mgmt For For For No Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swisscom AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Bank Hapoalim Ltd.
Meeting Date: 04/04/2017 Country: Israel Primary Security ID: M1586M115 Record Date: 03/06/2017 Meeting Type: Annual/Special Ticker: POLI
Primary CUSIP: M1586M115
Shares Voted: 1,077
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Discuss Financial Statements and the Report Mgmt of the Board
2 Reappoint Ziv Haft and Somekh Chaikin as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Extension of Director Service Mgmt For For For No
Voting Policy Rationale: As the company has provided sufficient information on this proposal and as there are no concerns with the board and its committees' structure and functioning, this item warrants a vote FOR.
4 Approve Employment Terms of Board Mgmt For For For No Chairman
Voting Policy Rationale: A vote FOR this item is warranted as the proposed terms are generally consistent with market practice.However, qualified support is warranted as there is no stipulated cap on severance pay.
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
Please Select Any Category Which Applies to Mgmt You as a Shareholder or as a Holder of Power of Attorney Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Hapoalim Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
B1 If you are an Interest Holder as defined in Mgmt None Against Against No Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B2 If you are a Senior Officer as defined in Mgmt None Against Against No Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines.
B3 If you are an Institutional Investor as defined Mgmt None For For No in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against.
Voting Policy Rationale: State Street Global Advisors, is an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994. This item merits support per policy guidelines.
Bank Of Montreal
Meeting Date: 04/04/2017 Country: Canada Primary Security ID: 063671101 Record Date: 02/06/2017 Meeting Type: Annual/Special Ticker: BMO
Primary CUSIP: 063671101
Shares Voted: 118
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Janice M. Babiak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Sophie Brochu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director George A. Cope Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director William A. Downe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank Of Montreal Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director Christine A. Edwards Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Martin S. Eichenbaum Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ronald H. Farmer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Linda Huber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Eric R. La Fleche Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Lorraine Mitchelmore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Philip S. Orsino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director J. Robert S. Prichard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Don M. Wilson III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend By-Laws Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
4 Fix Maximum Variable Compensation Ratio Mgmt For For For No For Certain European Union Staff to Comply with Regulatory Requirements
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
5 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Bank Of Nova Scotia
Meeting Date: 04/04/2017 Country: Canada Primary Security ID: 064149107 Record Date: 02/07/2017 Meeting Type: Annual Ticker: BNS
Primary CUSIP: 064149107
Shares Voted: 75
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proposals Mgmt
1.1 Elect Director Nora A. Aufreiter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Guillermo E. Babatz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Scott B. Bonham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Charles H. Dallara Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director William R. Fatt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Tiff Macklem Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Thomas C. O'Neill Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Eduardo Pacheco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Brian J. Porter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Una M. Power Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Aaron W. Regent Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Indira V. Samarasekera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Bank Of Nova Scotia Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Susan L. Segal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Barbara S. Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.15 Elect Director L. Scott Thomson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposal Mgmt
4 SP1: Adopt a Policy of Withdrawal from Tax SH Against Refer Against No Havens or Low Tax Jurisdictions
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Actelion Ltd.
Meeting Date: 04/05/2017 Country: Switzerland Primary Security ID: H0032X135 Record Date: Meeting Type: Annual Ticker: ATLN
Primary CUSIP: H0032X135
Shares Voted: 17
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Allocation of Income and Omission Mgmt For For For No of Dividends
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Actelion Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1a Reelect Jean-Pierre Garnier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1b Reelect Jean-Paul Clozel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1c Reelect Juhani Anttila as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1d Reelect Robert Bertolini as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1e Reelect John Greisch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1f Reelect Peter Gruss as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1g Reelect Michael Jacobi as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1h Reelect Jean Malo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1i Reelect David Stout as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1j Reelect Herna Verhagen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Elect Jean-Pierre Garnier as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4.3a Appoint Herna Verhagen as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.3b Appoint Jean-Pierre Garnier as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Actelion Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.3c Appoint John Griesch as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.1a Elect Ludo Ooms as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1b Elect Claudio Cescato as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1c Elect Andrea Ostinelli as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1d Elect Pascal Hoorn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1e Elect Julian Bertschinger as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Elect Ludo Ooms as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5.3a Appoint Claudio Cescato as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3b Appoint Andrea Ostinelli as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3c Appoint Pascal Hoorn as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6 Approve Issuance of Shares in Idorsia Ltd. to Mgmt For For For No Actelion Shareholders in Connection with Spin-Off
Voting Policy Rationale: Votes FOR these items are warranted based on the offer price, which substantially exceeds the value range per share determined by the independent expert, the positive market reaction, a strong rationale, and the lack of any further concerns.
7 Designate BDO AG as Independent Proxy Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
8 Ratify Ernst & Young AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Actelion Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Approve CHF 681,000 Reduction in Share Mgmt For For For No Capital via Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted because:- Share repurchases can benefit shareholders by boosting the trading price and returning surplus capital, and- Repurchases can improve the efficiency of the balance sheet, which may enhance returns over the long term.
10 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Geberit AG
Meeting Date: 04/05/2017 Country: Switzerland Primary Security ID: H2942E124 Record Date: Meeting Type: Annual Ticker: GEBN
Primary CUSIP: H2942E124
Shares Voted: 16
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 10 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1.1 Reelect Albert M. Baehny as Director and Mgmt For For For No Board Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.2 Reelect Felix R. Ehrat as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.3 Reelect Thomas M. Huebner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.4 Reelect Hartmut Reuter as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Geberit AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.1.5 Reelect Jorgen Tang-Jensen Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.6 Elect Eunice Zehnder-Lai as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2.1 Reelect Hartmut Reuter as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.2 Reelect Jorgen Tang-Jensen as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.3 Reelect Eunice Zehnder-Lai as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5 Designate Roger Mueller as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
6 Ratify PricewaterhouseCoopers AG as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.1 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
7.2 Approve Remuneration of Directors in the Mgmt For For For No Amount of CHF 2.35 Million
Voting Policy Rationale: A vote FOR this resolution is warranted.
7.3 Approve Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 11.3 Million
Voting Policy Rationale: A vote FOR this item is warranted because- Based on the company's disclosures, the board's proposal would enable it to allocate remuneration under the company's disclosed remuneration and does not appear to provide unreasonable leeway for discretion or abuse.
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Scentre Group
Meeting Date: 04/05/2017 Country: Australia Primary Security ID: Q8351E109 Record Date: 04/03/2017 Meeting Type: Annual Ticker: SCG
Primary CUSIP: N/A
Shares Voted: 2,031
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Elect Andrew Harmos as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Elect Aliza Knox as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Schlumberger Limited
Meeting Date: 04/05/2017 Country: Curacao Primary Security ID: 806857108 Record Date: 02/15/2017 Meeting Type: Annual Ticker: SLB
Primary CUSIP: 806857108
Shares Voted: 248
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Peter L.S. Currie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Miguel M. Galuccio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director V. Maureen Kempston Darkes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Paal Kibsgaard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Nikolay Kudryavtsev Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Schlumberger Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Helge Lund Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Michael E. Marks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Indra K. Nooyi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Lubna S. Olayan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Leo Rafael Reif Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Tore I. Sandvold Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Henri Seydoux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Adopt and Approve Financials and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Amend Employee Stock Purchase Plan Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Banco Santander S.A.
Meeting Date: 04/06/2017 Country: Spain Primary Security ID: E19790109 Record Date: 04/02/2017 Meeting Type: Annual Ticker: SAN
Primary CUSIP: E19790109
Shares Voted: 1,108
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.A Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.B Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
2 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.A Ratify Appointment of and Elect Homaira Mgmt For For For No Akbari as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.B Reelect Jose Antonio Alvarez Alvarez as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.C Reelect Belen Romana Garcia as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.D Reelect Ana Patricia Botin-Sanz de Sautuola y Mgmt For For For No O'Shea as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.E Reelect Rodrigo Echenique Gordillo as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.F Reelect Esther Gimenez-Salinas i Colomer as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve Capital Raising Mgmt For For For No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Banco Santander S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Authorize Increase in Capital up to 50 Percent Mgmt For For For No via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: A vote FOR this item is warranted because the proposed scrip dividend has a cash option attached.
7 Authorize Issuance of Non-Convertible Debt Mgmt For Against Against Yes Securities up to EUR 50 Billion
Voting Policy Rationale: The gearing ratio is 306.7% which exceeds the acceptable threshold for the company's sector in this market.
8 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Approve Remuneration of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed cap for board-related duties is within market standards and actual director fees are not excessive in comparison to domestic market and sector practices.
10 Fix Maximum Variable Compensation Ratio Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
11.A Approve Deferred Multiyear Objectives Mgmt For For For No Variable Remuneration Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
11.B Approve Deferred and Conditional Variable Mgmt For For For No Remuneration Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
11.C Approve Buy-out Policy Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
11.D Approve Employee Stock Purchase Plan Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
12 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
13 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canadian Imperial Bank Of Commerce
Meeting Date: 04/06/2017 Country: Canada Primary Security ID: 136069101 Record Date: 02/13/2017 Meeting Type: Annual Ticker: CM
Primary CUSIP: 136069101
Shares Voted: 71
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Brent S. Belzberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Nanci E. Caldwell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Gary F. Colter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Patrick D. Daniel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Luc Desjardins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Victor G. Dodig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Linda S. Hasenfratz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Kevin J. Kelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Christine E. Larsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Nicholas D. Le Pan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director John P. Manley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Jane L. Peverett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canadian Imperial Bank Of Commerce Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Katharine B. Stevenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Martine Turcotte Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.15 Elect Director Ronald W. Tysoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.16 Elect Director Barry L. Zubrow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposal Mgmt
4 SP 1: Adopt a Policy of Withdrawal from Tax SH Against Refer Against No Havens or Jurisdictions with Low Tax Rates
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Nestle SA
Meeting Date: 04/06/2017 Country: Switzerland Primary Security ID: H57312649 Record Date: Meeting Type: Annual Ticker: NESN
Primary CUSIP: H57312649
Shares Voted: 594
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nestle SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 2.30 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.1a Reelect Paul Bulcke as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1b Reelect Andreas Koopmann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1c Reelect Henri de Castries as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1d Reelect Beat W. Hess as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1e Reelect Renato Fassbind as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1f Reelect Steven G. Hoch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1g Reelect Naina Lal Kidwai as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1h Reelect Jean-Pierre Roth as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1i Reelect Ann M. Veneman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1j Reelect Eva Cheng as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1k Reelect Ruth K. Oniang'o as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1l Reelect Patrick Aebischer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nestle SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.2a Elect Ulf Mark Schneider as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2b Elect Ursula M. Burns as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3 Elect Paul Bulcke as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4.4a Appoint Beat W. Hess as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.4b Appoint Andreas Koopmann as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.4c Appoint Jean-Pierre Roth as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.4d Appoint Patrick Aebischer as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.5 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.6 Designate Hartmann Dreyer as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.1 Approve Remuneration of Directors in the Mgmt For For For No Amount of CHF 10 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with market practice.
5.2 Approve Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 60 Million
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The pay envelope for 2017 is unchanged from the proposal for 2016 approved at last year's general meeting, and- Based on the company's disclosures, the board's proposal would enable the board to allocate remuneration under the company's disclosed remuneration system and does not appear to provide unreasonable leeway for discretion or abuse.
6 Transact Other Business (Voting) Mgmt Against Against Against No
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Royal Bank of Canada
Meeting Date: 04/06/2017 Country: Canada Primary Security ID: 780087102 Record Date: 02/08/2017 Meeting Type: Annual Ticker: RY
Primary CUSIP: 780087102
Shares Voted: 126
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Andrew A. Chisholm Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Jacynthe Cote Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Toos N. Daruvala Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director David F. Denison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard L. George Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Alice D. Laberge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Michael H. McCain Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director David McKay Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Heather Munroe-Blum Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Thomas A. Renyi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Kathleen Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Bridget A. van Kralingen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Royal Bank of Canada Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Thierry Vandal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposals Mgmt
4 SP 1: Adopt a Policy of Withdrawal from Tax SH Against Refer Against No Havens or Jurisdictions with Low Tax Rates
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
5 SP 2: Approve Annual Disclosure of SH Against Against Against No Lobbying-Related Matters
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 SP 3: Approve Simplification and SH Against Against Against No Improvement of the Management Disclosure on Executive Compensation
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal..
7 SP 4: Approve Board Size By-Law SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 SP 5: Adopt Proxy Access Bylaw SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
9 SP 6: Approve Retirement and Severance SH Against Against Against No Agreements
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
10 SP 7: Approve Placement of Shareholder SH Against Refer Against No Proposals in Circular
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Smith & Nephew plc
Meeting Date: 04/06/2017 Country: United Kingdom Primary Security ID: G82343164 Record Date: 04/04/2017 Meeting Type: Annual Ticker: SN.
Primary CUSIP: G82343164 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Smith & Nephew plc
Shares Voted: 436
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Elect Graham Baker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Vinita Bali as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Ian Barlow as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Olivier Bohuon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Baroness Virginia Bottomley as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Erik Engstrom as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Robin Freestone as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Michael Friedman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Joseph Papa as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Smith & Nephew plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Re-elect Roberto Quarta as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
20 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Synopsys, Inc.
Meeting Date: 04/06/2017 Country: USA Primary Security ID: 871607107 Record Date: 02/10/2017 Meeting Type: Annual Ticker: SNPS
Primary CUSIP: 871607107
Shares Voted: 124
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Aart J. de Geus Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Chi-Foon Chan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Synopsys, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Janice D. Chaffin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Bruce R. Chizen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Deborah A. Coleman Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.6 Elect Director Mercedes Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Chrysostomos L. "Max" Nikias Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director John Schwarz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Roy Vallee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Steven C. Walske Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
2 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Approve Non-Employee Director Omnibus Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Westfield Corp
Meeting Date: 04/07/2017 Country: Australia Primary Security ID: Q9701H107 Record Date: 04/05/2017 Meeting Type: Annual Ticker: WFD
Primary CUSIP: Q97062105
Shares Voted: 692
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Elect Brian Schwartz as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Elect Roy Furman as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
5 Elect Mark R Johnson as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
6 Elect Steven Lowy as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
7 Elect Jeffrey Goldstein as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
8 Elect Dawn Ostroff as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Swiss Prime Site AG
Meeting Date: 04/11/2017 Country: Switzerland Primary Security ID: H8403W107 Record Date: Meeting Type: Annual Ticker: SPSN
Primary CUSIP: H8403W107
Shares Voted: 55
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swiss Prime Site AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Dividends of CHF 3.70 per Share Mgmt For For For No from Capital Contribution Reserves
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors for 2017 Fiscal Year in the Amount of CHF 1.6 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with market practice.
6.2 Approve Maximum Fixed and Variable Mgmt For Against Against Yes Remuneration of Executive Committee for 2017 Fiscal Year in the Amount of CHF 8.3 Million
Voting Policy Rationale: A vote AGAINST the maximum remuneration of executive management for the 2017 financial year is warranted because- There is a medium level of concern regarding CEO pay-for-performance.- The board proposes to increase the maximum remuneration that could be paid to the executive management team by 18.6 percent. This can be considered a high year-over-year potential increase in total compensation.- The proposed increase in potential remuneration is not considered to be well justified. While it is connected to an overhaul of the executive remuneration system, which includes changes that should – at least in principle – improve the long-term performance alignment of executive board members, performance targets have not been disclosed, which means it is not possible to assess how rigorous the new variable remuneration plans will be. Based on available disclosures, shareholders may conclude that SPS executive board members could receive more remuneration for equivalent levels of performance under the new remuneration system.
7.1.1 Reelect Elisabeth Bourqui as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1.2 Reelect Christopher Chambers as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1.3 Reelect Markus Graf as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1.4 Reelect Rudolf Huber as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1.5 Reelect Mario Seris as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swiss Prime Site AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.1.6 Reelect Klaus Wecken as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.1.7 Reelect Hans Peter Wehrli as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.2 Reelect Hans Peter Wehrli as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7.3.1 Appoint Elisabeth Bourqui as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.3.2 Appoint Christopher Chambers as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.3.3 Appoint Mario Seris as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.4 Designate Paul Wiesli as Independent Proxy Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
7.5 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Adobe Systems Incorporated
Meeting Date: 04/12/2017 Country: USA Primary Security ID: 00724F101 Record Date: 02/14/2017 Meeting Type: Annual Ticker: ADBE
Primary CUSIP: 00724F101
Shares Voted: 70
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Amy Banse Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Adobe Systems Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Edward Barnholt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Robert Burgess Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Frank Calderoni Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director James Daley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Laura Desmond Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Charles Geschke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Shantanu Narayen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Daniel Rosensweig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John Warnock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Airbus SE
Meeting Date: 04/12/2017 Country: Netherlands Primary Security ID: N0280G100 Record Date: 03/15/2017 Meeting Type: Annual Ticker: AIR
Primary CUSIP: F17114103
Shares Voted: 121
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
2.1 Discussion on Company's Corporate Mgmt Governance Structure
2.2 Receive Report on Business and Financial Mgmt Statements
2.3 Discuss Remuneration Report Containing Mgmt Remuneration Policy
2.4 Receive Explanation on Company's Reserves Mgmt and Dividend Policy
3 Discussion of Agenda Items Mgmt
4.1 Adopt Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR1.35per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4.3 Approve Discharge of Non-Executive Members Mgmt For For For No of the Board of Directors
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.4 Approve Discharge of Executive Members of Mgmt For For For No the Board of Directors
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.5 Ratify Ernst & Young Accountants LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.6 Reelect Denis Ranque as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.7 Reelect Ralph D. Crosby, Jr. as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Airbus SE Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.8 Reelect Hermann-Josef Lamberti as Mgmt For For For No Non-Executive Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.9 Elect Lord Drayson (Paul) as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.10 Proposal to change the Company name from Mgmt For For For No Airbus Group SE to Airbus SE
Voting Policy Rationale: A vote FOR this proposal is warranted given the unlikelihood that the name change would have a negative financial impact on the company.
4.11 Grant Board Authority to Issue Shares Up To Mgmt For For For No 0.51 Percent of Issued Capital and Excluding Preemptive Rights Re: ESOP and LTIP Plans
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
4.12 Grant Board Authority to Issue Shares Up To Mgmt For For For No 1.15 Percent of Issued Capital and Excluding Preemptive Rights Re: Company Funding
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
4.13 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
4.14 Approve Cancellation of Repurchased Shares Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted as the cancellation of shares is in shareholders' interests.
5 Close Meeting Mgmt
Julius Baer Gruppe AG
Meeting Date: 04/12/2017 Country: Switzerland Primary Security ID: H4414N103 Record Date: Meeting Type: Annual Ticker: BAER
Primary CUSIP: H4414N103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Julius Baer Gruppe AG
Shares Voted: 3
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 1.20 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 3.8 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with market and sector practice.
4.2.1 Approve Variable Cash-Based Remuneration Mgmt For For For No of Executive Committee for Fiscal 2016 in the Amount of CHF 6.1 Million
Voting Policy Rationale: Votes FOR these items are warranted because the proposals appears to be in line with market practice and does not raise significant concerns.
4.2.2 Approve Variable Share-Based Remuneration Mgmt For For For No of Executive Committee for Fiscal 2017 in the Amount of CHF 6.7 Million
Voting Policy Rationale: Votes FOR these items are warranted because the proposals appears to be in line with market practice and does not raise significant concerns.
4.2.3 Approve Maximum Fixed Remuneration of Mgmt For For For No Executive Committee for Fiscal 2018 in the Amount of CHF 5.7 Million
Voting Policy Rationale: Votes FOR these items are warranted because the proposals appears to be in line with market practice and does not raise significant concerns.
5.1.1 Reelect Daniel Sauter as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.2 Reelect Gilbert Achermann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.3 Reelect Ann Almeida as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Julius Baer Gruppe AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.1.4 Reelect Andreas Amschwand as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.5 Reelect Heinrich Baumann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.6 Reelect Paul Chow as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.7 Reelect Claire Giraut as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.8 Reelect Gareth Penny as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1.9 Reelect Charles Stonehill as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Elect Ivo Furrer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3 Elect Daniel Sauter as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
5.4.1 Appoint Ann Almeida as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.4.2 Appoint Gilbert Achermann as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.4.3 Appoint Heinrich Baumann as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.4.4 Appoint Gareth Penny as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Designate Marc Nater as Independent Proxy Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Julius Baer Gruppe AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Koninklijke Ahold Delhaize NV
Meeting Date: 04/12/2017 Country: Netherlands Primary Security ID: N0074E105 Record Date: 03/15/2017 Meeting Type: Annual Ticker: AD
Primary CUSIP: N0139V142
Shares Voted: 467
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
2 Receive Report of Management Board Mgmt (Non-Voting)
Voting Policy Rationale: This is a non-voting item.
3 Receive Explanation on Company's Reserves Mgmt and Dividend Policy
Voting Policy Rationale: This is a non-voting item.
4 Discuss Remuneration Report Containing Mgmt Remuneration Policy for Management Board Members
Voting Policy Rationale: This is a non-voting item.
5 Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Dividends of EUR 0.57 Per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7 Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
8 Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Koninklijke Ahold Delhaize NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Receive Report of Management Board of the Mgmt Former Board of Directors of Delhaize Group and Receive Report of the Former Statutory Auditor of Delhaize Group
Voting Policy Rationale: This is a non-voting item.
10 Adopt Financial Statements and Statutory Mgmt For For For No Reports of Delhaize Group
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
11 Approve End of Mandate and Discharge of Mgmt For For For No Directors of Delhaize Group
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
12 Approve End of Term and Discharge of the Mgmt For For For No Former Statutory Auditor of Delhaize Group
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
13 Reelect Jan Hommen to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Reelect Ben Noteboom to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Approve Application of Different Peer Group Mgmt For For For No for US COO
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
16 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Grant Board Authority to Issue Shares Up To Mgmt For For For No 10 Percent of Issued Capital
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorize Board to Exclude Preemptive Rights Mgmt For For For No from Share Issuances Under Item 17
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Koninklijke Ahold Delhaize NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Approve Reduction in Share Capital by Mgmt For For For No Cancellation of Shares Under Item 19
Voting Policy Rationale: A vote FOR is warranted because the cancellation of shares is in shareholders' interests.
21 Close Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
Rio Tinto plc
Meeting Date: 04/12/2017 Country: United Kingdom Primary Security ID: G75754104 Record Date: 04/10/2017 Meeting Type: Annual Ticker: RIO
Primary CUSIP: G75754104
Shares Voted: 109
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Resolutions 1 to 19 will be Voted on by Rio Mgmt Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report for UK Law Mgmt For For For No Purposes
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report for Australian Mgmt For For For No Law Purposes
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Potential Termination of Benefits Mgmt For For For No for Australian Law Purposes
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
5 Re-elect Megan Clark as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect David Constable as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rio Tinto plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Re-elect Jan du Plessis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Ann Godbehere as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect Simon Henry as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Jean-Sebastien Jacques as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Elect Sam Laidlaw as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Michael L'Estrange as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Chris Lynch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Paul Tellier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Simon Thompson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Re-elect John Varley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
19 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
Resolutions 20 to 23 will be Voted on by Rio Mgmt Tinto plc Shareholders Only Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rio Tinto plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Ferrari NV
Meeting Date: 04/14/2017 Country: Netherlands Primary Security ID: N3167Y103 Record Date: 03/17/2017 Meeting Type: Annual Ticker: RACE
Primary CUSIP: N/A
Shares Voted: 10
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
2.a Receive Director's Board Report (Non-Voting) Mgmt
Voting Policy Rationale: This is a non-voting item.
2.b Discuss Remuneration Report Containing Mgmt Remuneration Policy for Management Board Members
Voting Policy Rationale: This is a non-voting item.
2.c Receive Explanation on Company's Reserves Mgmt and Dividend Policy
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ferrari NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.d Receive Information Re: Cash Distribution Mgmt from Reserves
Voting Policy Rationale: This is a non-voting item.
2.e Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2.f Approve Discharge of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.a Reelect Sergio Marchionne as Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.b Reelect John Elkann as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.c Reelect Piero Ferrari as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.d Relect Delphine Arnault as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.e Reelect Louis C. Camilleri as Non- Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.f Reelect Giuseppina Capaldo as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.g Reelect Eduardo H. Cue as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.h Reelect Sergio Duca as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.i Reelect Lapo Elkann as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ferrari NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.j Reelect Amedeo Felisa as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.k Reelect Maria Patrizia Grieco as Mgmt For For For No Non-Executive Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.l Reelect Adam Keswick as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.m Reelect Elena Zambon as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve Remuneration of Non-Executives Mgmt For For For No Board Members
Voting Policy Rationale: A vote FOR is warranted as the proposed amendment(s) as well as the overall structure of the remuneration policy are not considered to be contentious.
5 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Approve Performance Share Arrangement for Mgmt For For For No CEO
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Ratify Ernst & Young as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Close Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
Fiat Chrysler Automobiles NV
Meeting Date: 04/14/2017 Country: Netherlands Primary Security ID: N31738102 Record Date: 03/17/2017 Meeting Type: Annual Ticker: FCA
Primary CUSIP: N/A Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fiat Chrysler Automobiles NV
Shares Voted: 103
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
2.a Receive Director's Report (Non-Voting) Mgmt
Voting Policy Rationale: This is a non-voting item.
2.b Discuss Remuneration Report of 2016 Mgmt
Voting Policy Rationale: This is a non-voting item.
2.c Receive Explanation on Company's Reserves Mgmt and Dividend Policy
Voting Policy Rationale: This is a non-voting item.
2.d Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2.e Approve Discharge of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.a Reelect John Elkann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.b Reelect Sergio Marchionne as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.a Reelect Ronald L. Thompson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.b Reelect Andrea Agnelli as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.c Reelect Tiberto Brandolini d'Adda as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.d Reelect Glenn Earle as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.e Reelect Valerie A. Mars as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fiat Chrysler Automobiles NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.f Reelect Ruth J. Simmons as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.g Elect Michelangelo A. Volpi as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.h Reelect Patience Wheatcroft as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.i Reelect Ermenegildo Zegna as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Amend Remuneration Policy for Mgmt For For For No Non-Executive Directors
Voting Policy Rationale: A vote FOR is warranted, since there is no evidence of excessiveness on the part of the non-executive directors' regarding this remuneration proposal and it is proposed that the remuneration for the non-executive directors will be made all in cash.
6 Ratify Ernst & Young as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
8 Discuss Demerger Agreement with Gruppo Mgmt Editoriale L'Espresso
Voting Policy Rationale: This is a non-voting item.
9 Approve Demerger Agreement with Gruppo Mgmt For For For No Editoriale L'Espresso
Voting Policy Rationale: A vote FOR is warranted as the separation of Gruppo Editoriale L'Espresso from FCA has a compelling rationale and is consistent with the company's strategy to focus on the mass market automobile business industry, while taking into consideration that Gruppo Editoriale L'Espresso is a publicly listed company.
10 Close Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
HP Inc.
Meeting Date: 04/17/2017 Country: USA Primary Security ID: 40434L105 Record Date: 02/16/2017 Meeting Type: Annual Ticker: HPQ
Primary CUSIP: 40434L105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HP Inc.
Shares Voted: 607
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Aida M. Alvarez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Shumeet Banerji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Carl Bass Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Robert R. Bennett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Charles V. Bergh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Stacy Brown-Philpot Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Stephanie A. Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Mary Anne Citrino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Stacey Mobley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Subra Suresh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Dion J. Weisler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Margaret C. Whitman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HP Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Public Service Enterprise Group Incorporated
Meeting Date: 04/18/2017 Country: USA Primary Security ID: 744573106 Record Date: 02/17/2017 Meeting Type: Annual Ticker: PEG
Primary CUSIP: 744573106
Shares Voted: 139
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Willie A. Deese Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Albert R. Gamper, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director William V. Hickey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ralph Izzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Shirley Ann Jackson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director David Lilley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Thomas A. Renyi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Hak Cheol (H.C.) Shin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Public Service Enterprise Group Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Richard J. Swift Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Susan Tomasky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Alfred W. Zollar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
U.S. Bancorp
Meeting Date: 04/18/2017 Country: USA Primary Security ID: 902973304 Record Date: 02/21/2017 Meeting Type: Annual Ticker: USB
Primary CUSIP: 902973304
Shares Voted: 255
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Douglas M. Baker, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Warner L. Baxter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Marc N. Casper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Andrew Cecere Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
U.S. Bancorp Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Arthur D. Collins, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Richard K. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Kimberly J. Harris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Roland A. Hernandez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Doreen Woo Ho Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Olivia F. Kirtley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Karen S. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director David B. O'Maley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director O'dell M. Owens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Craig D. Schnuck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1o Elect Director Scott W. Wine Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
U.S. Bancorp Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
EDP-Energias de Portugal S.A
Meeting Date: 04/19/2017 Country: Portugal Primary Security ID: X67925119 Record Date: 04/10/2017 Meeting Type: Annual Ticker: EDP
Primary CUSIP: X67925119
Shares Voted: 2,052
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.2 Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.3 Approve Discharge of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Authorize Repurchase and Reissuance of Mgmt For For For No Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5 Authorize Repurchase and Reissuance of Debt Mgmt For For For No Instruments
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Approve Statement on Remuneration Policy Mgmt For For For No Applicable to Executive Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
EDP-Energias de Portugal S.A Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Approve Statement on Remuneration Policy Mgmt For For For No Applicable to Other Corporate Bodies
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
RELX NV
Meeting Date: 04/19/2017 Country: Netherlands Primary Security ID: N7364X107 Record Date: 03/22/2017 Meeting Type: Annual Ticker: REN
Primary CUSIP: N73430113
Shares Voted: 373
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
2 Receive Report of Management Board Mgmt (Non-Voting)
3.a Amend Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3.b Amend Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3.c Approve Addition of a Deferred Share Mgmt For For For No Element to the Annual Incentive Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Discuss Remuneration Report Containing Mgmt Remuneration Policy for Management Board Members
5 Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Dividends of EUR 0.423 Per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7.a Approve Discharge of Executive Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RELX NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.b Approve Discharge of Non-Executive Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
8 Ratify Ernst & Young as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9.a Reelect Anthony Habgood as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.b Reelect Wolfhart Hauser as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.c Reelect Adrian Hennah as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.d Reelect Marike van Lier Lels as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.e Reelect Robert MacLeod as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.f Relect Carol Mills as Non-Executive Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.g Reelect Linda Sanford as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9.h Reelect Ben van der Veer as Non-Executive Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10.a Reelect Erik Engstrom as Executive Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10.b Reelect Nick Luff as Executive Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11.a Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RELX NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11.b Approve Cancellation of up to 50 Million Mgmt For For For No Ordinary Shares Held in Treasury
Voting Policy Rationale: A vote FOR is warranted since the cancellation of 50 million ordinary shares is in shareholders' interests.
12.a Grant Board Authority to Issue Shares Up To Mgmt For For For No 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
12.b Authorize Board to Exclude Preemptive Rights Mgmt For For For No from Share Issuances under Item 12.a
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
13 Other Business (Non-Voting) Mgmt
14 Close Meeting Mgmt
The Sherwin-Williams Company
Meeting Date: 04/19/2017 Country: USA Primary Security ID: 824348106 Record Date: 02/21/2017 Meeting Type: Annual Ticker: SHW
Primary CUSIP: 824348106
Shares Voted: 18
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Arthur F. Anton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director David F. Hodnik Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Thomas G. Kadien - Withdrawn Mgmt
Voting Policy Rationale: This item is withdrawn from the agenda.
1.4 Elect Director Richard J. Kramer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Susan J. Kropf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Sherwin-Williams Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director John G. Morikis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Christine A. Poon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director John M. Stropki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Michael H. Thaman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Matthew Thornton, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Steven H. Wunning Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
AGNC Investment Corp.
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 00123Q104 Record Date: 02/24/2017 Meeting Type: Annual Ticker: AGNC
Primary CUSIP: 00123Q104 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AGNC Investment Corp.
Shares Voted: 232
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Gary D. Kain Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Morris A. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Larry K. Harvey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Prue B. Larocca Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Paul E. Mullings Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Intuitive Surgical, Inc.
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 46120E602 Record Date: 02/24/2017 Meeting Type: Annual Ticker: ISRG
Primary CUSIP: 46120E602
Shares Voted: 10
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Craig H. Barratt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intuitive Surgical, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Michael A. Friedman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Gary S. Guthart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Amal M. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Keith R. Leonard, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Alan J. Levy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Jami Dover Nachtsheim Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Mark J. Rubash Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Lonnie M. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Amend Omnibus Stock Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kimberly-Clark Corporation
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 494368103 Record Date: 02/21/2017 Meeting Type: Annual Ticker: KMB
Primary CUSIP: 494368103
Shares Voted: 107
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John F. Bergstrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Abelardo E. Bru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Robert W. Decherd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Thomas J. Falk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Fabian T. Garcia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Michael D. Hsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Mae C. Jemison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director James M. Jenness Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Nancy J. Karch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Christa S. Quarles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Ian C. Read Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Marc J. Shapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kimberly-Clark Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Michael D. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
L Oreal
Meeting Date: 04/20/2017 Country: France Primary Security ID: F58149133 Record Date: 04/13/2017 Meeting Type: Annual/Special Ticker: OR
Primary CUSIP: F58149133
Shares Voted: 43
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 3.30 per Share and an Extra of EUR 0.33 per Share to Long-Term Registered Shares
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Elect Paul Bulcke as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents after excluding from calculation employee-representatives and/or directors elected in accordance with local laws and are not elected by shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
L Oreal Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Reelect Francoise Bettencourt Meyers as Mgmt For Against Against Yes Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents after excluding from calculation employee-representatives and/or directors elected in accordance with local laws and are not elected by shareholders.
6 Reelect Virginie Morgon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Approve Remuneration Policy of Chairman Mgmt For For For No and CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Non-Binding Vote on Compensation of Mgmt For For For No Chairman and CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Extraordinary Business Mgmt
10 Approve 2-for-1 Stock Split and Amend Article Mgmt For For For No 6 of Bylaws Accordingly
Voting Policy Rationale: The proposed increase in the current authorized shares of this stock class is in line with voting guidelines.
11 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to a Maximum Nominal Share Capital value of EUR 157,319,607
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
12 Authorize Capitalization of Reserves for Bonus Mgmt For For For No Issue or Increase in Par Value
Voting Policy Rationale: A vote FOR is warranted since this potential transfer of wealth is in shareholders' interests.
13 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
14 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
L Oreal Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
15 Amend Article 7 of Bylaws to Comply with Mgmt For For For No Legal Changes
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
16 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Newmont Mining Corporation
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 651639106 Record Date: 02/21/2017 Meeting Type: Annual Ticker: NEM
Primary CUSIP: 651639106
Shares Voted: 185
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Gregory H. Boyce Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Bruce R. Brook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director J. Kofi Bucknor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Vincent A. Calarco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Joseph A. Carrabba Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Noreen Doyle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Gary J. Goldberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Veronica M. Hagen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Newmont Mining Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Jane Nelson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Julio M. Quintana Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Human Rights Risk Assessment SH Against Against Against No Process
Voting Policy Rationale: This proposal does not merit support as company disclosure/ practices are reasonable.
People's United Financial, Inc.
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 712704105 Record Date: 02/24/2017 Meeting Type: Annual Ticker: PBCT
Primary CUSIP: 712704105
Shares Voted: 345
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director John P. Barnes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Collin P. Baron Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Kevin T. Bottomley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director George P. Carter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
People's United Financial, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director William F. Cruger, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director John K. Dwight Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Jerry Franklin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Janet M. Hansen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Nancy McAllister Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Mark W. Richards Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Kirk W. Walters Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Amend Omnibus Stock Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines.
6 Amend Certificate of Incorporation Mgmt For For For No Concerning Shareholder Nominations and Proposals
Voting Policy Rationale: A vote FOR this proposal is warranted. The amendment conforms/clarifies a certain section of the company's governing documents to be consistent with the recently implemented proxy access bylaw and does not raise concerns.
7 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
PPG Industries, Inc.
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 693506107 Record Date: 02/17/2017 Meeting Type: Annual Ticker: PPG
Primary CUSIP: 693506107
Shares Voted: 111
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Stephen F. Angel Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.2 Elect Director Hugh Grant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Melanie L. Healey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Michele J. Hooper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
RELX PLC
Meeting Date: 04/20/2017 Country: United Kingdom Primary Security ID: G7493L105 Record Date: 04/18/2017 Meeting Type: Annual Ticker: REL
Primary CUSIP: G74570121
Shares Voted: 337
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RELX PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Amend Long-Term Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Reappoint Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Re-elect Erik Engstrom as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Anthony Habgood as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Wolfhart Hauser as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Adrian Hennah as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Marike van Lier Lels as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Nick Luff as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Robert MacLeod as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Carol Mills as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RELX PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Re-elect Linda Sanford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Re-elect Ben van der Veer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Texas Instruments Incorporated
Meeting Date: 04/20/2017 Country: USA Primary Security ID: 882508104 Record Date: 02/21/2017 Meeting Type: Annual Ticker: TXN
Primary CUSIP: 882508104
Shares Voted: 221
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Ralph W. Babb, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Texas Instruments Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Mark A. Blinn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Todd M. Bluedorn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Daniel A. Carp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Janet F. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Carrie S. Cox Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Jean M. Hobby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Ronald Kirk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Pamela H. Patsley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Robert E. Sanchez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Wayne R. Sanders Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Richard K. Templeton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UniCredit SpA
Meeting Date: 04/20/2017 Country: Italy Primary Security ID: T9T23L642 Record Date: 04/07/2017 Meeting Type: Annual/Special Ticker: UCG
Primary CUSIP: T95132105
Shares Voted: 468
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve 2017 Group Incentive System Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Approve Long-Term Incentive Plan 2017-2019 Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve Severance Payments Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Extraordinary Business Mgmt
1 Authorize Board to Increase Capital to Service Mgmt For For For No 2016 Incentive Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
2 Authorize Board to Increase Capital to Service Mgmt For For For No 2017 Incentive Plan and LTI Plan 2017-2019
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Swiss Reinsurance (Schweizerische Rueckversicherungs)
Meeting Date: 04/21/2017 Country: Switzerland Primary Security ID: H8431B109 Record Date: Meeting Type: Annual Ticker: SREN
Primary CUSIP: H84046137 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swiss Reinsurance (Schweizerische Rueckversicherungs)
Shares Voted: 98
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
1.2 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 4.85 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Variable Short-Term Remuneration Mgmt For For For No of Executive Committee in the Amount of CHF 18.3 Million
Voting Policy Rationale: Votes FOR these items are warranted because the proposals appear to be in line with market practice and do not raise significant concerns.
4 Approve Discharge of Board of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5.1a Reelect Walter Kielholz as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1b Reelect Raymond Ch'ien as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1c Reelect Renato Fassbind as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1d Reelect Mary Francis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1e Reelect Rajna Brandon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1f Reelect Robert Henrikson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1g Reelect Trevor Manuel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swiss Reinsurance (Schweizerische Rueckversicherungs) Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.1h Reelect Philip Ryan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1i Reelect Paul Tucker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1j Reelect Susan Wagner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1k Elect Jay Ralph as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1l Elect Joerg Reinhardt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.1m Elect Jacques de Vaucleroy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2a Appoint Raymond Ch'ien as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.2b Appoint Renato Fassbind as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.2c Appoint Robert Henrikson as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.2d Appoint Joerg Reinhardt as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
5.3 Designate Proxy Voting Services GmbH as Mgmt For For For No Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.4 Ratify PricewaterhouseCoopers AG as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 9.9 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is in line with large cap Swiss peers in the financial services sector. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swiss Reinsurance (Schweizerische Rueckversicherungs) Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.2 Approve Maximum Fixed and Variable Mgmt For For For No Long-Term Remuneration of Executive Committee in the Amount of CHF 34 Million
Voting Policy Rationale: Votes FOR these items are warranted because the proposals appear to be in line with market practice and do not raise significant concerns.
7 Approve CHF 1.1 Million Reduction in Share Mgmt For For For No Capital via Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted because:- Share repurchases can benefit shareholders by boosting the trading price and returning surplus capital,- Repurchases may improve the efficiency of the balance sheet, which may enhance returns over the long term.- Approval of this resolution is necessary in order to cancel the repurchased treasury shares.
8 Authorize Repurchase of up to CHF 1 Billion Mgmt For For For No of Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
9.1 Approve Renewal of CHF 8.5 Million Pool of Mgmt For For For No Authorized Share Capital with Partial Exclusion of Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9.2 Amend Articles Re: Exclusion of Preemptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
10 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Anglo American plc
Meeting Date: 04/24/2017 Country: United Kingdom Primary Security ID: G03764134 Record Date: 04/20/2017 Meeting Type: Annual Ticker: AAL
Primary CUSIP: G03764134
Shares Voted: 273
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Anglo American plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Elect Stephen Pearce as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Nolitha Fakude as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Re-elect Mark Cutifani as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Byron Grote as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Sir Philip Hampton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Tony O'Neill as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Sir John Parker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Mphu Ramatlapeng as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Jim Rutherford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Anne Stevens as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Jack Thompson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Reappoint Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Anglo American plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
17 Reduce the Minimum Number of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted. No issues of concern have been identified.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authrorise Issue of Equity without Mgmt For For For No Pre-emptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
21 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Genuine Parts Company
Meeting Date: 04/24/2017 Country: USA Primary Security ID: 372460105 Record Date: 02/14/2017 Meeting Type: Annual Ticker: GPC
Primary CUSIP: 372460105
Shares Voted: 85
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Elizabeth W. Camp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Paul D. Donahue Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Gary P. Fayard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Genuine Parts Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Thomas C. Gallagher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director John R. Holder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Donna W. Hyland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director John D. Johns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Robert C. 'Robin' Loudermilk, Mgmt For For For No Jr.
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Wendy B. Needham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Jerry W. Nix Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director E. Jenner Wood, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Honeywell International Inc.
Meeting Date: 04/24/2017 Country: USA Primary Security ID: 438516106 Record Date: 02/24/2017 Meeting Type: Annual Ticker: HON
Primary CUSIP: 438516106 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Honeywell International Inc.
Shares Voted: 106
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Darius Adamczyk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director William S. Ayer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1C Elect Director Kevin Burke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1D Elect Director Jaime Chico Pardo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1E Elect Director David M. Cote Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1F Elect Director D. Scott Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1G Elect Director Linnet F. Deily Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1H Elect Director Judd Gregg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1I Elect Director Clive Hollick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1J Elect Director Grace D. Lieblein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1K Elect Director George Paz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1L Elect Director Bradley T. Sheares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1M Elect Director Robin L. Washington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Honeywell International Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Political Lobbying Disclosure SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
United Technologies Corporation
Meeting Date: 04/24/2017 Country: USA Primary Security ID: 913017109 Record Date: 02/28/2017 Meeting Type: Annual Ticker: UTX
Primary CUSIP: 913017109
Shares Voted: 50
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lloyd J. Austin, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Diane M. Bryant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John V. Faraci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Jean-Pierre Garnier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Gregory J. Hayes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Edward A. Kangas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
United Technologies Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Ellen J. Kullman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Marshall O. Larsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Harold McGraw, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Fredric G. Reynolds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Brian C. Rogers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Christine Todd Whitman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
AENA S.A.
Meeting Date: 04/25/2017 Country: Spain Primary Security ID: E526K0106 Record Date: 04/20/2017 Meeting Type: Annual Ticker: AENA
Primary CUSIP: N/A
Shares Voted: 83
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Standalone Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AENA S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Consolidated Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5.1 Ratify Appointment of and Elect Francisco Mgmt For Against Against Yes Javier Martin Ramiro as Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.2 Elect Maria Jesus Romero de Avila Torrijos as Mgmt For Against Against Yes Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.3 Elect Alicia Segovia Marco as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
6 Authorize Issuance of Non-Convertible Mgmt For Against Against Yes Bonds/Debentures and/or Other Debt Securities up to EUR 5 Billion
Voting Policy Rationale: The gearing ratio is 263.22% which exceeds the acceptable threshold for the company's sector in this market.
7 Amend Articles Re: Company Name, Mgmt For For For No Corporate Purpose, Nationality, Registered Office, Fiscal Year, Annual Statements, Reserves and Distribution of Profits
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
8 Change Company Name to Aena SME SA Mgmt For For For No
Voting Policy Rationale: Votes FOR these resolutions are warranted because the proposed amendments to the company bylaws and general meeting regulations merely update these documents to applicable legal provisions that, on the whole, have neutral to positive effect on shareholder rights.
9 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
American Electric Power Company, Inc.
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 025537101 Record Date: 02/28/2017 Meeting Type: Annual Ticker: AEP
Primary CUSIP: 025537101
Shares Voted: 95
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Nicholas K. Akins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director David J. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director J. Barnie Beasley, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ralph D. Crosby, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Linda A. Goodspeed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Thomas E. Hoaglin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Sandra Beach Lin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Richard C. Notebaert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Lionel L. Nowell, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Stephen S. Rasmussen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Oliver G. Richard, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Sara Martinez Tucker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
American Electric Power Company, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Barrick Gold Corporation
Meeting Date: 04/25/2017 Country: Canada Primary Security ID: 067901108 Record Date: 02/24/2017 Meeting Type: Annual Ticker: ABX
Primary CUSIP: 067901108
Shares Voted: 953
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Gustavo A. Cisneros Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Graham G. Clow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Gary A. Doer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Kelvin P.M. Dushnisky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director J. Michael Evans Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Brian L. Greenspun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barrick Gold Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director J. Brett Harvey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Nancy H.O. Lockhart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Pablo Marcet Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Dambisa F. Moyo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Anthony Munk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director J. Robert S. Prichard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Steven J. Shapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director John L. Thornton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.15 Elect Director Ernie L. Thrasher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Canadian National Railway Company
Meeting Date: 04/25/2017 Country: Canada Primary Security ID: 136375102 Record Date: 03/02/2017 Meeting Type: Annual Ticker: CNR
Primary CUSIP: 136375102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canadian National Railway Company
Shares Voted: 120
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Shauneen Bruder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Donald J. Carty Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Gordon D. Giffin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Julie Godin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Edith E. Holiday Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Luc Jobin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director V. Maureen Kempston Darkes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Denis Losier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Kevin G. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director James E. O'Connor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Robert Pace Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Robert L. Phillips Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Laura Stein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canadian National Railway Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Charter Communications, Inc.
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 16119P108 Record Date: 02/27/2017 Meeting Type: Annual Ticker: CHTR
Primary CUSIP: 16119P108
Shares Voted: 33
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director W. Lance Conn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Kim C. Goodman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Craig A. Jacobson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Gregory B. Maffei Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
1e Elect Director John C. Malone Mgmt For Against Against Yes
Voting Policy Rationale: The director nominees sits on more than six public company boards and does not merit support as per voting guidelines due to overboarding concerns.
1f Elect Director John D. Markley, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director David C. Merritt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Steven A. Miron Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Balan Nair Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Charter Communications, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Michael Newhouse Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Mauricio Ramos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Thomas M. Rutledge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Eric L. Zinterhofer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Adopt Proxy Access Right SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Citigroup Inc.
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 172967424 Record Date: 02/27/2017 Meeting Type: Annual Ticker: C
Primary CUSIP: 172967424
Shares Voted: 339
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael L. Corbat Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Ellen M. Costello Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Citigroup Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Duncan P. Hennes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Peter B. Henry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Franz B. Humer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Renee J. James Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Eugene M. McQuade Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Michael E. O'Neill Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Gary M. Reiner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Anthony M. Santomero Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Diana L. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director William S. Thompson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director James S. Turley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Deborah C. Wright Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1o Elect Director Ernesto Zedillo Ponce de Leon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Citigroup Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Demonstrate No Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
6 Appoint a Stockholder Value Committee SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
8 Claw-back of Payments under Restatements SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
9 Limit/Prohibit Accelerated Vesting of Awards SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Exelon Corporation
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 30161N101 Record Date: 03/03/2017 Meeting Type: Annual Ticker: EXC
Primary CUSIP: 30161N101
Shares Voted: 113
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Anthony K. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Ann C. Berzin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Christopher M. Crane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Exelon Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Yves C. de Balmann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Nicholas DeBenedictis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Nancy L. Gioia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Linda P. Jojo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Paul L. Joskow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert J. Lawless Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Richard W. Mies Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director John W. Rogers, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Mayo A. Shattuck, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Stephen D. Steinour Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
International Business Machines Corporation
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 459200101 Record Date: 02/24/2017 Meeting Type: Annual Ticker: IBM
Primary CUSIP: 459200101
Shares Voted: 215
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Kenneth I. Chenault Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Michael L. Eskew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director David N. Farr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Mark Fields Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Alex Gorsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Shirley Ann Jackson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Andrew N. Liveris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director W. James McNerney, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Hutham S. Olayan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director James W. Owens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Virginia M. Rometty Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Sidney Taurel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
International Business Machines Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Peter R. Voser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
7 Adopt Proxy Access Right SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
PrairieSky Royalty Ltd.
Meeting Date: 04/25/2017 Country: Canada Primary Security ID: 739721108 Record Date: 03/09/2017 Meeting Type: Annual/Special Ticker: PSK
Primary CUSIP: 739721108
Shares Voted: 1
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director James M. Estey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Margaret A. McKenzie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Andrew M. Phillips Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
PrairieSky Royalty Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Sheldon B. Steeves Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Grant A. Zawalsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve KPMG LLP as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Re-approve Stock Option Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Praxair, Inc.
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 74005P104 Record Date: 03/01/2017 Meeting Type: Annual Ticker: PX
Primary CUSIP: 74005P104
Shares Voted: 62
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Stephen F. Angel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Oscar Bernardes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Nance K. Dicciani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Edward G. Galante Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Raymond W. LeBoeuf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Praxair, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Larry D. McVay Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Martin H. Richenhagen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Wayne T. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert L. Wood Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Shire plc
Meeting Date: 04/25/2017 Country: Jersey Primary Security ID: G8124V108 Record Date: 04/23/2017 Meeting Type: Annual Ticker: SHP
Primary CUSIP: G8124V108
Shares Voted: 81
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Shire plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Re-elect Dominic Blakemore as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Re-elect Olivier Bohuon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect William Burns as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Ian Clark as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Gail Fosler as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Steven Gillis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect David Ginsburg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Susan Kilsby as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Sara Mathew as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Anne Minto as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Flemming Ornskov as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Jeffrey Poulton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Albert Stroucken as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Reappoint Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Shire plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17 Authorise the Audit, Compliance & Risk Mgmt For For For No Committee to Fix Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Adopt New Articles of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
VF Corporation
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 918204108 Record Date: 03/01/2017 Meeting Type: Annual Ticker: VFC
Primary CUSIP: 918204108
Shares Voted: 107
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Richard T. Carucci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
VF Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Juliana L. Chugg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Benno Dorer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Mark S. Hoplamazian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Robert J. Hurst Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Laura W. Lang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director W. Alan McCollough Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director W. Rodney McMullen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Clarence Otis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Steven E. Rendle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Carol L. Roberts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Matthew J. Shattock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Eric C. Wiseman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
VF Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Wells Fargo & Company
Meeting Date: 04/25/2017 Country: USA Primary Security ID: 949746101 Record Date: 03/01/2017 Meeting Type: Annual Ticker: WFC
Primary CUSIP: 949746101
Shares Voted: 334
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director John D. Baker, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John S. Chen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Lloyd H. Dean Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Elizabeth A. Duke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Enrique Hernandez, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Donald M. James Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Cynthia H. Milligan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
1h Elect Director Karen B. Peetz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Federico F. Peña Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Wells Fargo & Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director James H. Quigley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Stephen W. Sanger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Ronald L. Sargent Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Timothy J. Sloan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Susan G. Swenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1o Elect Director Suzanne M. Vautrinot Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Review and Report on Business Standards SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Provide for Cumulative Voting SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Report on Divesting Non-Core Business SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Report on Gender Pay Gap SH Against Abstain Abstain Yes
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices pertaining to the item are broadly in line with market standard but could be enhanced.
9 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Wells Fargo & Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Adopt Global Policy Regarding the Rights of SH Against Abstain Abstain Yes Indigenous People
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices pertaining to the item are broadly in line with market standard but could be enhanced.
Anheuser-Busch InBev SA
Meeting Date: 04/26/2017 Country: Belgium Primary Security ID: B639CJ108 Record Date: 04/12/2017 Meeting Type: Annual/Special Ticker: ABI
Primary CUSIP: B6399C107
Shares Voted: 51
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual/Special Meeting Mgmt
Special Part Mgmt
A1.a Receive Special Board Report Mgmt
A1.b Renew Authorization to Increase Share Mgmt For For For No Capital up to 3 Percent of Issued Share Capital
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Annual Part Mgmt
B1 Management Report Regarding the Old Mgmt Anheuser-Busch InBev SA/NV
B2 Report by the Statutory Auditor Regarding the Mgmt Old AB InBev
B3 Approval of the Accounts of the Old AB InBev Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted in the absence of any information about significant and compelling controversies that the board is not fulfilling its fiduciary duties.
B4 Approve Discharge to the Directors of the Old Mgmt For For For No AB InBev
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
B5 Approve Discharge of Auditors of the Old AB Mgmt For For For No InBev
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
B6 Receive Directors' Reports Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Anheuser-Busch InBev SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
B7 Receive Auditors' Reports Mgmt
B8 Receive Consolidated Financial Statements Mgmt and Statutory Reports (Non-Voting)
B.9 Adopt Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
B10 Approve Discharge to the Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
B11 Approve Discharge of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
B12.a Elect M.J. Barrington as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
B12.b Elect W.F. Gifford Jr. as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
B12.c Elect A. Santo Domingo Davila as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
B13.a Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
B13.b Approve Remuneration of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted in the absence of any signs of excessiveness.
B13.c Approve Non-Executive Director Stock Option Mgmt For For For No Grants
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
C1 Authorize Implementation of Approved Mgmt For For For No Resolutions and Filing of Required Documents/Formalities at Trade Registry
Voting Policy Rationale: A vote FOR is warranted, as this proposal concerns a routine legal procedure and will authorize only the implementation of items approved by the shareholder meeting.
ASML Holding NV
Meeting Date: 04/26/2017 Country: Netherlands Primary Security ID: N07059202 Record Date: 03/29/2017 Meeting Type: Annual Ticker: ASML
Primary CUSIP: N07059178 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ASML Holding NV
Shares Voted: 62
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
2 Discuss the Company's Business, Financial Mgmt Situation and Sustainability
3 Discuss Remuneration Policy for Management Mgmt Board Members
4 Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
6 Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
7 Receive Explanation on Company's Reserves Mgmt and Dividend Policy
8 Approve Dividends of EUR 1.20 Per Ordinary Mgmt For For For No Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
9 Amend the Remuneration Policy of the Mgmt For For For No Management Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Approve Performance Share Arrangement Mgmt For For For No According to Remuneration Policy
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
11 Approve Number of Stock Options, Mgmt For For For No Respectively Shares for Employees
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
12 Discuss Management Board Composition and Mgmt Receive Information on Intended Appointment of First van Hout to Management Board
13.a Elect Pauline van der Meer Mohr to Mgmt For For For No Supervisory Board
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ASML Holding NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13.b Elect Carla Smits-Nusteling to Supervisory Mgmt For For For No Board
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13.c Elect Doug Grose to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13.d Elect Wolfgang Ziebart to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13.e Discussion of the Supervisory Board Mgmt Composition
14 Amend Remuneration of Supervisory Board Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted, since there is no evidence of excessiveness on the part of the supervisory board regarding this remuneration proposal.
15 Ratify KPMG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16.a Grant Board Authority to Issue Shares Up To Mgmt For For For No 5 Percent of Issued Capital
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16.b Authorize Board to Exclude Preemptive Rights Mgmt For For For No from Share Issuances Re: Item 16a
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16.c Grant Board Authority to Issue Shares Up To Mgmt For For For No 5 Percent in Case of Takeover/Merger
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16.d Authorize Board to Exclude Preemptive Rights Mgmt For For For No from Share Issuances Re: Item 16c
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17.a Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
17.b Authorize Additional Repurchase of Up to 10 Mgmt For For For No Percent of Issued Share Capital Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ASML Holding NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Authorize Cancellation of Repurchased Shares Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted as the cancellation of shares is in shareholders' interests.
19 Other Business (Non-Voting) Mgmt
20 Close Meeting Mgmt
Assa Abloy AB
Meeting Date: 04/26/2017 Country: Sweden Primary Security ID: W0817X204 Record Date: 04/20/2017 Meeting Type: Annual Ticker: ASSA B
Primary CUSIP: W0817X105
Shares Voted: 633
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Open Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
2 Elect Chairman of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Agenda of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7 Receive President's Report Mgmt
Voting Policy Rationale: This is a non-voting item.
8a Receive Financial Statements and Statutory Mgmt Reports
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Assa Abloy AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8b Receive Auditor's Report on Application of Mgmt Guidelines for Remuneration for Executive Management
Voting Policy Rationale: This is a non-voting item.
8c Receive Board's Proposal on Distribution of Mgmt Profits
Voting Policy Rationale: This is a non-voting item.
9a Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9b Approve Allocation of Income and Dividends Mgmt For For For No of SEK 3.00 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
9c Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
10 Determine Number of Members (9) and Mgmt For For For No Deputy Members (0) of Board;
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
11 Approve Remuneration of Directors in the Mgmt For For For No Amount of SEK 2 million for Chairman, SEK 850,000 for Vice Chairman, and SEK 600,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
12 Reelect Lars Renström, Carl Douglas, Ulf Mgmt For Against Against Yes Ewaldsson, Eva Karlsson, Birgitta Klasén, Eva Lindqvist, Johan Molin and Jan Svensson as Directors; Elect Sofia Schörling Högberg as New Directors; Ratify PriceWaterhouseCoopers as Auditors
Voting Policy Rationale: One or more director nominees sits on more than six public company boards. One or more director nominees is a serving CEO, who sits on more than 3 public company boards. The nominees do not merit support as per voting guidelines due to overboarding concerns.
13 Elect Carl Douglas, Mikael Ekdahl, Liselott Mgmt For For For No Ledin, Marianne Nilsson, and Anders Oscarsson as Members of Nominating Committee
Voting Policy Rationale: In the absence of significant concerns with the director nominee, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Assa Abloy AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
15 Authorize Share Repurchase Program and Mgmt For For For No Reissuance of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
16 Approve 2017 LTI Share Matching Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17 Close Meeting Mgmt
Voting Policy Rationale: This is a non-voting item.
Atlas Copco AB
Meeting Date: 04/26/2017 Country: Sweden Primary Security ID: W10020324 Record Date: 04/20/2017 Meeting Type: Annual Ticker: ATCO A
Primary CUSIP: W10020118
Shares Voted: 215
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Opening of Meeting; Elect Chairman of Mgmt For For For No Meeting
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Agenda of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Receive Financial Statements and Statutory Mgmt Reports Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Atlas Copco AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Receive CEO's Report; Questions Mgmt
8a Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8b Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
8c Approve Allocation of Income and Dividends Mgmt For For For No of SEK 6.80 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
8d Approve Record Date for Dividend Payment Mgmt For For For No
Voting Policy Rationale: A vote FOR this income allocation proposal is warranted due to a lack of controversy surrounding the proposed dividend.
9a Determine Number of Members(9) and Mgmt For For For No Deputy Members of Board(0)
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
9b Determine Number of Auditors(1) and Deputy Mgmt For For For No Auditors(0)
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the number of auditors.
10 Reelect Gunilla Berg, Staffan Bohman, Johan Mgmt For For For No Forssell, Sabine Neuss, Hans Straberg, Anders Ullberg and Peter Wallenberg Jr as Directors; Elect Tina Donikowski and Mats Rahmström as New Director
Voting Policy Rationale: The director nominees merit support per voting guidelines.
10b Elect Hans Straberg as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
10c Ratify Deloitte as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
11a Approve Remuneration of Directors in the Mgmt For For For No Amount of SEK 2.1 million to Chair and SEK 660,000 to Other Directors; Approve Remuneration for Committee Work; Approve Receiving Part of Remuneration in form of Synthetic Shares
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Atlas Copco AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11b Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
12 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12b Approve Performance Based Stock Option Mgmt For For For No Plan 2017 for Key Employees
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
13a Acquire Class A Shares Related to Personnel Mgmt For For For No Option Plan for 2017
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
13b Acquire Class A Shares Related to Mgmt For For For No Remuneration of Directors in the Form of Synthetic Shares
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
13c Transfer Class A Shares Related to Personnel Mgmt For For For No Option Plan for 2017
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
13d Sell Class A Shares to Cover Costs Related to Mgmt For For For No Synthetic Shares to the Board
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
13e Sell Class A and B Shares to Cover Costs in Mgmt For For For No Relation to the Performance Related Personnel Option Plans for 2012, 2013, and 2014
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
14 Close Meeting Mgmt
Axa
Meeting Date: 04/26/2017 Country: France Primary Security ID: F06106102 Record Date: 04/21/2017 Meeting Type: Annual/Special Ticker: CS
Primary CUSIP: F06106102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Axa
Shares Voted: 258
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.16 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Non-Binding Vote on Compensation of Henri Mgmt For For For No de Castries, Chairman and CEO until August 31, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Non-Binding Vote on Compensation of Denis Mgmt For For For No Duverne, Vice CEO until August 31, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Non-Binding Vote on Compensation of Denis Mgmt For For For No Duverne, Chairman of the Board of Directors since September 1, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
7 Non-Binding Vote on Compensation of Thoma Mgmt For For For No Buberl, CEO since September 1, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Approve Remuneration Policy of Chairman of Mgmt For For For No the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Approve Remuneration Policy of CEO Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Approve Auditors' Special Report on Mgmt For For For No Related-Party Transactions
Voting Policy Rationale: A vote FOR this proposal is warranted because the information disclosed in the auditors' special report does not raise any concern. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Axa Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Approve Additional Social Benefits Agreement Mgmt For For For No with Thomas Buberl, CEO
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
12 Approve Severance Agreement with Thomas Mgmt For For For No Buberl
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
13 Reelect Deanna Oppenheimer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Reelect Ramon de Oliveira as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Ratify Appointment of Thomas Buberl as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Ratify Appointment of André François-Poncet Mgmt For For For No as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Extraordinary Business Mgmt
18 Authorize Capitalization of Reserves of Up to Mgmt For For For No EUR 1 Billion for Bonus Issue or Increase in Par Value
Voting Policy Rationale: A vote FOR is warranted since this potential transfer of wealth is in shareholders' interests.
19 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Billions
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 550 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Axa Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
21 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities for Private Placements, up to Aggregate Nominal Amount of EUR 550 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorize Board to Set Issue Price for 10 Mgmt For For For No Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights
Voting Policy Rationale: A vote FOR this authorization is warranted as the proposed volume respects the recommended guidelines for issuances with and without preemptive rights.
23 Authorize Capital Increase of Up to EUR 550 Mgmt For For For No Million for Future Exchange Offers
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
24 Authorize Capital Increase of up to 10 Percent Mgmt For For For No of Issued Capital for Contributions in Kind
Voting Policy Rationale: A vote FOR this authorization is warranted as the proposed volume respects the recommended guidelines for issuances with and without preemptive rights.
25 Authorize Issuance of Equity Upon Conversion Mgmt For For For No of a Subsidiary's Equity-Linked Securities without Preemptive Rights for Up to EUR 550 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
26 Authorize Issuance of Equity Upon Conversion Mgmt For For For No of a Subsidiary's Equity-Linked Securities with Preemptive Rights for Up to EUR 2 Billion
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
27 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
28 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
29 Authorize up to 1 Percent of Issued Capital Mgmt For For For No for Use in Stock Option Plans
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Axa Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
30 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
31 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Bank of America Corporation
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 060505104 Record Date: 03/02/2017 Meeting Type: Annual Ticker: BAC
Primary CUSIP: 060505104
Shares Voted: 975
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Sharon L. Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Susan S. Bies Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jack O. Bovender, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Frank P. Bramble, Sr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Pierre J.P. de Weck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Arnold W. Donald Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Linda P. Hudson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Monica C. Lozano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bank of America Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Thomas J. May Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Brian T. Moynihan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Lionel L. Nowell, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Michael D. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Thomas D. Woods Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director R. David Yost Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend the General Clawback Policy SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Non-core banking operations SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BCE Inc.
Meeting Date: 04/26/2017 Country: Canada Primary Security ID: 05534B760 Record Date: 03/13/2017 Meeting Type: Annual Ticker: BCE
Primary CUSIP: 05534B760
Shares Voted: 132
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Barry K. Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Sophie Brochu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Robert E. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director George A. Cope Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director David F. Denison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Robert P. Dexter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ian Greenberg Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.8 Elect Director Katherine Lee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Monique F. Leroux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Gordon M. Nixon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Calin Rovinescu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Karen Sheriff Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BCE Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Robert C. Simmonds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Paul R. Weiss Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
British American Tobacco plc
Meeting Date: 04/26/2017 Country: United Kingdom Primary Security ID: G1510J102 Record Date: 04/24/2017 Meeting Type: Annual Ticker: BATS
Primary CUSIP: G1510J102
Shares Voted: 73
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Re-elect Richard Burrows as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
British American Tobacco plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Re-elect Nicandro Durante as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Sue Farr as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Ann Godbehere as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Savio Kwan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Dr Pedro Malan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Dimitri Panayotopoulos as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Kieran Poynter as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Ben Stevens as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Dr Marion Helmes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
19 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
British American Tobacco plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Endesa S.A.
Meeting Date: 04/26/2017 Country: Spain Primary Security ID: E41222113 Record Date: 04/21/2017 Meeting Type: Annual Ticker: ELE
Primary CUSIP: E41222113
Shares Voted: 119
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated and Standalone Mgmt For For For No Management Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Renew Appointment of Ernst & Young as Mgmt For For For No Auditor
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Reelect Miquel Roca Junyent as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Reelect Alejandro Echevarria Busquet as Mgmt For Against Against Yes Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
8 Approve Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Endesa S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Approve Cash-Based Long-Term Incentive Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
General Electric Company
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 369604103 Record Date: 02/27/2017 Meeting Type: Annual Ticker: GE
Primary CUSIP: 369604103
Shares Voted: 232
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Director Sebastien M. Bazin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Director W. Geoffrey Beattie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Director John J. Brennan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Director Francisco D'Souza Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Director Marijn E. Dekkers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Director Peter B. Henry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Director Susan J. Hockfield Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Director Jeffrey R. Immelt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Electric Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Elect Director Andrea Jung Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Director Robert W. Lane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Elect Director Risa Lavizzo-Mourey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Elect Director Rochelle B. Lazarus Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Elect Director Lowell C. McAdam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Elect Director Steven M. Mollenkopf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Director James J. Mulva Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Elect Director James E. Rohr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Elect Director Mary L. Schapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Elect Director James S. Tisch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
19 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
20 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
21 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
22 Approve Material Terms of Senior Officer Mgmt For For For No Performance Goals
Voting Policy Rationale: A vote FOR this proposal is warranted to enable the company to preserve the financial benefits of the Section 162(m) tax deduction. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Electric Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
23 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
24 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.be enhanced.
25 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
26 Restore or Provide for Cumulative Voting SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
27 Report on Charitable Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Goldcorp Inc.
Meeting Date: 04/26/2017 Country: Canada Primary Security ID: 380956409 Record Date: 03/13/2017 Meeting Type: Annual/Special Ticker: G
Primary CUSIP: 380956409
Shares Voted: 599
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Beverley A. Briscoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Margot A. Franssen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director David A. Garofalo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Clement A. Pelletier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director P. Randy Reifel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Goldcorp Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Charles (Charlie) R. Sartain Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ian W. Telfer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Blanca A. Trevino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Kenneth F. Williamson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Deloitte LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Hong Kong Exchanges and Clearing Ltd
Meeting Date: 04/26/2017 Country: Hong Kong Primary Security ID: Y3506N139 Record Date: 04/21/2017 Meeting Type: Annual Ticker: 388
Primary CUSIP: Y3506N139
Shares Voted: 502
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Elect Cheah Cheng Hye as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3b Elect Leung Pak Hon, Hugo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hong Kong Exchanges and Clearing Ltd Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve PricewaterhouseCoopers as Auditor Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Approve Remuneration Payable to the Mgmt For For For No Chairman and Members of the Project Oversight Committee
Voting Policy Rationale: A vote FOR this proposal is warranted given that the proposed fees are in line with the fee structure for other board committees.
Marathon Petroleum Corporation
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 56585A102 Record Date: 02/27/2017 Meeting Type: Annual Ticker: MPC
Primary CUSIP: 56585A102
Shares Voted: 102
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Steven A. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Gary R. Heminger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director J. Michael Stice Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John P. Surma Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marathon Petroleum Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Report on Environmental and Human Rights SH Against Abstain Abstain Yes Due Diligence
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's environmental disclosure and/or practices are broadly in line with market standard but could be enhanced.
6 Report on Strategy for Aligning with 2 Degree SH Against For For Yes Scenario
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
7 Adopt Simple Majority Vote SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Public Storage
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 74460D109 Record Date: 03/01/2017 Meeting Type: Annual Ticker: PSA
Primary CUSIP: 74460D109
Shares Voted: 44
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Ronald L. Havner, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Tamara Hughes Gustavson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Uri P. Harkham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Public Storage Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Leslie S. Heisz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director B. Wayne Hughes, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Avedick B. Poladian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Gary E. Pruitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Ronald P. Spogli Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Daniel C. Staton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
T. Rowe Price Group, Inc.
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 74144T108 Record Date: 02/24/2017 Meeting Type: Annual Ticker: TROW
Primary CUSIP: 74144T108
Shares Voted: 86
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Mark S. Bartlett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
T. Rowe Price Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Edward C. Bernard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Mary K. Bush Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director H. Lawrence Culp, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Freeman A. Hrabowski, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Robert F. MacLellan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Brian C. Rogers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Olympia J. Snowe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director William J. Stromberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Dwight S. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Anne Marie Whittemore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Sandra S. Wijnberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Alan D. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
T. Rowe Price Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: The proposal is on ballot solely for Section 162(m) approval.
5 Approve Non-Employee Director Omnibus Mgmt For Against Against Yes Stock Plan
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines.
6 Amend Nonqualified Employee Stock Mgmt For For For No Purchase Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
7 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Report on and Assess Proxy Voting Policies in SH Against Against Against No Relation to Climate Change Position
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
9 Report on and Assess Proxy Voting Policies in SH Against Against Against No Relation to Executive Compensation
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
10 Prepare Employment Diversity Report and SH None Against Against No Report on Diversity Policies
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO practices are reasonable.
The Coca-Cola Company
Meeting Date: 04/26/2017 Country: USA Primary Security ID: 191216100 Record Date: 02/27/2017 Meeting Type: Annual Ticker: KO
Primary CUSIP: 191216100
Shares Voted: 307
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Herbert A. Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Ronald W. Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Coca-Cola Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Marc Bolland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ana Botin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard M. Daley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Barry Diller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Helene D. Gayle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Alexis M. Herman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Muhtar Kent Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Robert A. Kotick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Maria Elena Lagomasino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Sam Nunn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director James Quincey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director David B. Weinberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Coca-Cola Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Report on Human Rights Review on High-Risk SH Against Against Against No Regions
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to human rights are reasonable.
Unilever NV
Meeting Date: 04/26/2017 Country: Netherlands Primary Security ID: N8981F271 Record Date: 03/29/2017 Meeting Type: Annual Ticker: UNA
Primary CUSIP: N8981F271
Shares Voted: 347
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Discussion of the Annual Report and Accounts Mgmt for the 2016 financial year
Voting Policy Rationale: This is a non-voting item.
2 Approve Financial Statements and Allocation Mgmt For For For No of Income
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Executive Board Mgmt For For For No Members
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Non-Executive Board Mgmt For For For No Members
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Approve Remuneration Policy for Mgmt For For For No Management Board Members
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Approve Unilever Share Plan 2017 Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Unilever NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Elect N.S. Andersen as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect L.M. Cha as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect V. Colao as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect M Dekkers as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Elect A.M. Fudge as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Elect J. Hartmann as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Elect M. Ma as Non-Executive Board Member Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Elect S Masiyiwa as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Y.Moon as Non-Executive Board Member Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Elect G. Pitkethly as Executive Board Member Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Elect P.G.J.M. Polman as Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Elect J. Rishton as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines.
19 Elect F. Sijbesma as Non-Executive Board Mgmt For For For No Member
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Unilever NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Ratify KPMG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
21 Grant Board Authority to Issue Shares Up To Mgmt For For For No 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Approve Cancellation of Repurchased Shares Mgmt For For For No
Voting Policy Rationale: A vote FOR is warranted because the cancellation of shares is in shareholders' interests.
AstraZeneca plc
Meeting Date: 04/27/2017 Country: United Kingdom Primary Security ID: G0593M107 Record Date: 04/25/2017 Meeting Type: Annual Ticker: AZN
Primary CUSIP: G0593M107
Shares Voted: 339
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Appoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5a Re-elect Leif Johansson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AstraZeneca plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5b Re-elect Pascal Soriot as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5c Re-elect Marc Dunoyer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5d Re-elect Genevieve Berger as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5e Elect Philip Broadley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5f Re-elect Bruce Burlington as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5g Re-elect Graham Chipchase as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5h Re-elect Rudy Markham as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5i Re-elect Shriti Vadera as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5j Re-elect Marcus Wallenberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Approve Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
7 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Approve EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
9 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AstraZeneca plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
11 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
12 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Baker Hughes Incorporated
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 057224107 Record Date: 03/03/2017 Meeting Type: Annual Ticker: BHI
Primary CUSIP: 057224107
Shares Voted: 83
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gregory D. Brenneman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Clarence P. Cazalot, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Martin S. Craighead Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William H. Easter, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Lynn L. Elsenhans Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Anthony G. Fernandes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Baker Hughes Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Claire W. Gargalli Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Pierre H. Jungels Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director James A. Lash Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director J. Larry Nichols Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director James W. Stewart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Charles L. Watson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Danone
Meeting Date: 04/27/2017 Country: France Primary Security ID: F12033134 Record Date: 04/24/2017 Meeting Type: Annual/Special Ticker: BN
Primary CUSIP: F12033134
Shares Voted: 98
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Danone Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.70 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Stock Dividend Program Mgmt For For For No
Voting Policy Rationale: Votes FOR this income allocation and related stock dividend proposal are warranted because the proposed payout ratio is adequate without being excessive.
5 Reelect Gaelle Olivier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Reelect Isabelle Seillier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Reelect Jean-Michel Severino as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Reelect Lionel Zinsou-Derlin as Director Mgmt For Against Against Yes
Voting Policy Rationale: The nominee attended less than 75% of the board and committee meetings that they were scheduled to attend during the previous fiscal year without a valid excuse (e.g. illness, work on behalf of the company, service to the nation).
9 Elect Gregg L. Engles as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Approve Transaction with J.P. Morgan Mgmt For Against Against Yes
Voting Policy Rationale: A vote AGAINST this proposal is warranted as:- No compelling rationale and no information on the terms and conditions of the significant remunerations paid in 2016 to J.P. Morgan are provided; and- The transactions entered into with J.P. Morgan create a risk of conflict of interests and impair the independence of a non-executive director (Isabelle Sellier).
11 Non-Binding Vote on Compensation of Franck Mgmt For For For No Riboud, Chairman
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Non-Binding Vote on Compensation of Mgmt For For For No Emmanuel Faber, CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Danone Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Approve Remuneration Policy of Chairman Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
14 Approve Remuneration Policy of Executive Mgmt For For For No Officers
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
15 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Extraordinary Business Mgmt
16 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 57 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights with Binding Priority Right up to Aggregate Nominal Amount of EUR 16 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorize Board to Increase Capital in the Mgmt For For For No Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with or without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorize Capital Increase of Up to EUR 16 Mgmt For For For No Million for Future Exchange Offers
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorize Capital Increase of up to 10 Percent Mgmt For For For No of Issued Capital for Contributions in Kind
Voting Policy Rationale: Votes FOR are warranted as the proposed terms respect the recommended guidelines for issuances with and without preemptive rights.
21 Authorize Capitalization of Reserves of Up to Mgmt For For For No EUR 41 Million for Bonus Issue or Increase in Par Value
Voting Policy Rationale: A vote FOR is warranted since this potential transfer of wealth is in shareholders' interests. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Danone Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
22 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
23 Authorize up to 0.2 Percent of Issued Capital Mgmt For For For No for Use in Restricted Stock Plans
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
24 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
25 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
DBS Group Holdings Ltd.
Meeting Date: 04/27/2017 Country: Singapore Primary Security ID: Y20246107 Record Date: Meeting Type: Annual Ticker: D05
Primary CUSIP: Y20246107
Shares Voted: 1,020
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Adopt Financial Statements and Directors' and Mgmt For For For No Auditors' Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Directors' Fees Mgmt For For For No
Voting Policy Rationale: Director fees in Singapore are usually reasonable. In the absence of known concerns over director fees at the company, a vote FOR this proposal is warranted.
4 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Elect Bart Broadman as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
DBS Group Holdings Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Elect Ho Tian Yee as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
7 Elect Ow Foong Pheng as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
8 Approve Grant of Awards and Issuance of Mgmt For For For No Shares Under the DBSH Share Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
9 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities with or without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
10 Approve Issuance of Shares Under the DBSH Mgmt For For For No Scrip Dividend Scheme to the Final Dividends for the Year Ended Dec. 31, 2016
Voting Policy Rationale: A vote FOR this resolution is warranted given that this is a routine dividend proposal.
11 Approve Issuance of Shares Under the DBSH Mgmt For For For No Scrip Dividend Scheme for the Dividends which may be Declared for the Year Ending Dec. 31, 2017
Voting Policy Rationale: A vote FOR this resolution is warranted given that this is a routine dividend proposal.
12 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Delphi Automotive PLC
Meeting Date: 04/27/2017 Country: Jersey Primary Security ID: G27823106 Record Date: 02/27/2017 Meeting Type: Annual Ticker: DLPH
Primary CUSIP: N/A
Shares Voted: 66
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Director Joseph S. Cantie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Delphi Automotive PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Elect Director Kevin P. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Director Gary L. Cowger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Director Nicholas M. Donofrio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Director Mark P. Frissora Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Director Rajiv L. Gupta Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Director Sean O. Mahoney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Director Timothy M. Manganello Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect Director Ana G. Pinczuk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Director Thomas W. Sidlik Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Elect Director Bernd Wiedemann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Elect Director Lawrence A. Zimmerman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Ratify Ernst & Young LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Edison International
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 281020107 Record Date: 03/03/2017 Meeting Type: Annual Ticker: EIX
Primary CUSIP: 281020107
Shares Voted: 28
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Vanessa C.L. Chang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Louis Hernandez, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director James T. Morris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Pedro J. Pizarro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Linda G. Stuntz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William P. Sullivan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ellen O. Tauscher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Peter J. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Brett White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Edison International Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Eldorado Gold Corporation
Meeting Date: 04/27/2017 Country: Canada Primary Security ID: 284902103 Record Date: 03/13/2017 Meeting Type: Annual Ticker: ELD
Primary CUSIP: 284902103
Shares Voted: 532
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director George Albino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director George Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Pamela M. Gibson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Robert R. Gilmore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Geoffrey A. Handley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Michael A. Price Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Steven P. Reid Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Jonathan A. Rubenstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director John Webster Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Eldorado Gold Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director Paul N. Wright Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Authorize Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
EOG Resources, Inc.
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 26875P101 Record Date: 02/27/2017 Meeting Type: Annual Ticker: EOG
Primary CUSIP: 26875P101
Shares Voted: 79
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Janet F. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Charles R. Crisp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Robert P. Daniels Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director James C. Day Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Donald F. Textor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director William R. Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
EOG Resources, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Frank G. Wisner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Increase Authorized Common Stock Mgmt For For For No
Voting Policy Rationale: The proposed increase in the current authorized shares of this stock class is in line with voting guidelines.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Intesa SanPaolo SPA
Meeting Date: 04/27/2017 Country: Italy Primary Security ID: T55067101 Record Date: 04/18/2017 Meeting Type: Annual Ticker: ISP
Primary CUSIP: T55067101
Shares Voted: 1,512
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1.a Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.b Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.a 2017 Remuneration Policies for Employees Mgmt For For For No and Non-Employed Staff
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2.b Extend Maximum Variable Compensation Mgmt For For For No Ratio to All Risk Takers Who Are Not Part of Corporate Control Functions
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intesa SanPaolo SPA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.c Approve Severance Payments Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
2.d Approve Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2.e Authorize Share Repurchase Program and Mgmt For For For No Reissuance of Repurchased Shares to Service Incentive Bonus Plan
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Johnson & Johnson
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 478160104 Record Date: 02/28/2017 Meeting Type: Annual Ticker: JNJ
Primary CUSIP: 478160104
Shares Voted: 563
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Mary C. Beckerle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director D. Scott Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Ian E. L. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Alex Gorsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Mark B. McClellan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Anne M. Mulcahy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director William D. Perez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Johnson & Johnson Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Charles Prince Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director A. Eugene Washington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Ronald A. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Lockheed Martin Corporation
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 539830109 Record Date: 02/24/2017 Meeting Type: Annual Ticker: LMT
Primary CUSIP: 539830109
Shares Voted: 13
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Daniel F. Akerson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Nolan D. Archibald Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Lockheed Martin Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Rosalind G. Brewer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director David B. Burritt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Bruce A. Carlson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director James O. Ellis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Thomas J. Falk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Ilene S. Gordon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Marillyn A. Hewson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director James M. Loy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Joseph W. Ralston Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Anne Stevens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pfizer Inc.
Meeting Date: 04/27/2017 Country: USA Primary Security ID: 717081103 Record Date: 02/28/2017 Meeting Type: Annual Ticker: PFE
Primary CUSIP: 717081103
Shares Voted: 425
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Dennis A. Ausiello Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Ronald E. Blaylock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director W. Don Cornwell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Joseph J. Echevarria Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Frances D. Fergusson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Helen H. Hobbs Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director James M. Kilts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Shantanu Narayen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Suzanne Nora Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Ian C. Read Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Stephen W. Sanger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director James C. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pfizer Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
6 Amend Bylaws - Call Special Meetings SH Against Against Against No
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
7 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
RWE AG
Meeting Date: 04/27/2017 Country: Germany Primary Security ID: D6629K109 Record Date: 04/05/2017 Meeting Type: Annual Ticker: RWE
Primary CUSIP: D6629K109
Shares Voted: 130
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 0.13 per Preferred Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RWE AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Remuneration System for Mgmt For For For No Management Board Members
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Fiscal 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Half-Year and Quarterly Reports 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8.1 Elect Monika Kircher to the Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8.2 Elect Ute Gerbaulet to the Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Approve Affiliation Agreement with Subsidiary Mgmt For For For No RWE Downstream Beteiligungs GmbH
Voting Policy Rationale: A vote FOR this proposal is warranted.
Suncor Energy Inc.
Meeting Date: 04/27/2017 Country: Canada Primary Security ID: 867224107 Record Date: 03/07/2017 Meeting Type: Annual Ticker: SU
Primary CUSIP: 867224107
Shares Voted: 112
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Patricia M. Bedient Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Mel E. Benson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Jacynthe Cote Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Suncor Energy Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Dominic D'Alessandro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director John D. Gass Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director John R. Huff Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Maureen McCaw Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Michael W. O'Brien Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Eira M. Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Steven W. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Michael M. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Stock Option Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Unilever PLC
Meeting Date: 04/27/2017 Country: United Kingdom Primary Security ID: G92087165 Record Date: 04/25/2017 Meeting Type: Annual Ticker: ULVR
Primary CUSIP: G92087165 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Unilever PLC
Shares Voted: 210
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Performance Share Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Re-elect Nils Andersen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Laura Cha as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Vittorio Coal as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Dr Marijn Dekkers as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Ann Fudge as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Dr Judith Hartmann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Mary Ma as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Strive Masiyiwa as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Youngme Moon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Unilever PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Re-elect Graeme Pitkethly as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Paul Polman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Re-elect John Rishton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Re-elect Feike Sijbesma as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
19 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
20 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
21 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
23 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
24 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
25 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Abbott Laboratories
Meeting Date: 04/28/2017 Country: USA Primary Security ID: 002824100 Record Date: 03/01/2017 Meeting Type: Annual Ticker: ABT
Primary CUSIP: 002824100
Shares Voted: 118
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert J. Alpern Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Roxanne S. Austin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sally E. Blount Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Edward M. Liddy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Nancy McKinstry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Phebe N. Novakovic Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director William A. Osborn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Samuel C. Scott, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Daniel J. Starks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Glenn F. Tilton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Miles D. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Abbott Laboratories Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Amend Nonqualified Employee Stock Mgmt For For For No Purchase Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
7 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Agnico Eagle Mines Limited
Meeting Date: 04/28/2017 Country: Canada Primary Security ID: 008474108 Record Date: 03/13/2017 Meeting Type: Annual Ticker: AEM
Primary CUSIP: 008474108
Shares Voted: 160
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Leanne M. Baker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Sean Boyd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Martine A. Celej Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Robert J. Gemmell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Mel Leiderman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Agnico Eagle Mines Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Deborah A. McCombe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director James D. Nasso Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Sean Riley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director J. Merfyn Roberts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Jamie C. Sokalsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Howard R. Stockford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Pertti Voutilainen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Ernst & Young LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
AT&T Inc.
Meeting Date: 04/28/2017 Country: USA Primary Security ID: 00206R102 Record Date: 02/28/2017 Meeting Type: Annual Ticker: T
Primary CUSIP: 00206R102
Shares Voted: 549
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Randall L. Stephenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AT&T Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Samuel A. Di Piazza, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Richard W. Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Scott T. Ford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Glenn H. Hutchins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William E. Kennard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Michael B. McCallister Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Beth E. Mooney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Joyce M. Roche Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Matthew K. Rose Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Cynthia B. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Laura D'Andrea Tyson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Geoffrey Y. Yang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AT&T Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Indirect Political Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to political contributions are reasonable.
6 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
7 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.Shareholders currently have the right to call a special meeting.
Continental AG
Meeting Date: 04/28/2017 Country: Germany Primary Security ID: D16212140 Record Date: 04/06/2017 Meeting Type: Annual Ticker: CON
Primary CUSIP: D16212140
Shares Voted: 23
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 4.25 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Approve Discharge of Management Board Mgmt For For For No Member Elmar Degenhart for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.2 Approve Discharge of Management Board Mgmt For For For No Member Jose Avila for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.3 Approve Discharge of Management Board Mgmt For For For No Member Ralf Cramer for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Continental AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.4 Approve Discharge of Management Board Mgmt For For For No Member Hans-Juergen Duensing for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.5 Approve Discharge of Management Board Mgmt For For For No Member Frank Jourdan for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.6 Approve Discharge of Management Board Mgmt For For For No Member Helmut Matschi for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.7 Approve Discharge of Management Board Mgmt For For For No Member Ariane Reinhart for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.8 Approve Discharge of Management Board Mgmt For For For No Member Wolfgang Schaefer for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.9 Approve Discharge of Management Board Mgmt For For For No Member Nikolai Setzer for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1 Approve Discharge of Supervisory Board Mgmt For For For No Member Wolfgang Reitzle for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.2 Approve Discharge of Supervisory Board Mgmt For For For No Member Gunter Dunkel for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.3 Approve Discharge of Supervisory Board Mgmt For For For No Member Hans Fischl for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.4 Approve Discharge of Supervisory Board Mgmt For Against Against Yes Member Peter Gutzmer for Fiscal 2016
Voting Policy Rationale: This item does not merit support due to concerns with overall board independence levels.
4.5 Approve Discharge of Supervisory Board Mgmt For For For No Member Peter Hausmann for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.6 Approve Discharge of Supervisory Board Mgmt For For For No Member Michael Iglhaut for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Continental AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.7 Approve Discharge of Supervisory Board Mgmt For For For No Member Klaus Mangold for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.8 Approve Discharge of Supervisory Board Mgmt For For For No Member Hartmut Meine for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.9 Approve Discharge of Supervisory Board Mgmt For For For No Member Sabine Neuss for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.10 Approve Discharge of Supervisory Board Mgmt For For For No Member Rolf Nonnenmacher for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.11 Approve Discharge of Supervisory Board Mgmt For For For No Member Dirk Nordmann for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.12 Approve Discharge of Supervisory Board Mgmt For Against Against Yes Member Klaus Rosenfeld for Fiscal 2016
Voting Policy Rationale: This item does not merit support due to concerns with overall board independence levels.
4.13 Approve Discharge of Supervisory Board Mgmt For Against Against Yes Member Georg Schaeffler for Fiscal 2016
Voting Policy Rationale: This item does not merit support due to concerns with overall board independence levels.
4.14 Approve Discharge of Supervisory Board Mgmt For Against Against Yes Member Maria-Elisabeth Schaeffler-Thumann for Fiscal 2016
Voting Policy Rationale: This item does not merit support due to concerns with overall board independence levels.
4.15 Approve Discharge of Supervisory Board Mgmt For For For No Member Joerg Schoenfelder for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.16 Approve Discharge of Supervisory Board Mgmt For For For No Member Stefan Scholz for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.17 Approve Discharge of Supervisory Board Mgmt For For For No Member Kirsten Voerkel for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.18 Approve Discharge of Supervisory Board Mgmt For For For No Member Elke Volkmann for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Continental AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.19 Approve Discharge of Supervisory Board Mgmt For For For No Member Erwin Woerle for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.20 Approve Discharge of Supervisory Board Mgmt For For For No Member Siegfried Wolf for Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Remuneration System for Mgmt For For For No Management Board Members
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Credit Suisse Group AG
Meeting Date: 04/28/2017 Country: Switzerland Primary Security ID: H3698D419 Record Date: Meeting Type: Annual Ticker: CSGN
Primary CUSIP: H3698D419
Shares Voted: 281
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Receive Financial Statements and Statutory Mgmt Reports (Non-Voting)
1.2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
1.3 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3.1 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.2 Approve Dividends of CHF 0.70 per Share Mgmt For For For No from Capital Contribution Reserves
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Credit Suisse Group AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.1 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 12.0 Million
Voting Policy Rationale: A vote FOR this proposal is warranted because the board does not propose any increase to the pay envelope for the board of directors during the upcoming board term.
4.2a Approve Short-Term Variable Remuneration Mgmt For For For No of Executive Committee in the Amount of CHF 17 Million
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.2b Approve Maximum Fixed Remuneration of Mgmt For For For No Executive Committee in the Amount of CHF 31 Million
Voting Policy Rationale: A vote FOR this proposal is warranted because the board of directors proposes to reduce the maximum fixed compensation that could be paid to the executive board.
4.2c Approve Maximum Long-Term Variable Mgmt For For For No Remuneration of Executive Committee in the Amount of CHF 31.2 Million
Voting Policy Rationale: A vote FOR this item is warranted in light of the reduction in the maximum LTI grant level for fiscal 2017.
5 Approve Amendment of Pool of Authorized Mgmt For For For No Capital with or without Preemptive Rights for Stock or Scrip Dividends
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6.1a Reelect Urs Rohner as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1b Reelect Iris Bohnet as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1c Reelect Alexander Gut as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1d Reelect Andreas Koopmann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1e Reelect Seraina Macia as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1f Reelect Kai Nargolwala as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Credit Suisse Group AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.1g Reelect Joaquin Ribeiro as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1h Reelect Severin Schwan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1i Reelect Richard Thornburgh as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1j Reelect John Tiner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1k Reelect Andreas Gottschling as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1l Reelect Alexandre Zeller as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.2a Appoint Iris Bohnet as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.2b Appoint Andreas Koopmann as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.2c Appoint Kai Nargolwala as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.2d Appoint Alexandre Zeller as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3 Ratify KPMG AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.4 Designate BDO AG as Special Auditor Mgmt For For For No
Voting Policy Rationale: A vote FOR the ratification of the special auditor is warranted, as this is a routine item and no concerns have been noted.
6.5 Designate Andreas Keller as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Credit Suisse Group AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.1 Transact Other Business: Proposals by Mgmt None Against Against No Shareholders (Voting)
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
7.2 Transact Other Business: Proposals by the Mgmt None Against Against No Board of Directors (Voting)
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Deutsche Post AG
Meeting Date: 04/28/2017 Country: Germany Primary Security ID: D19225107 Record Date: Meeting Type: Annual Ticker: DPW
Primary CUSIP: D19225107
Shares Voted: 236
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.05 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Fiscal 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Creation of EUR 160 Million Pool of Mgmt For For For No Capital without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Deutsche Post AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Approve Issuance of Options and Mgmt For For For No Bonds/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 1.5 Billion; Approve Creation of EUR 75 Million Pool of Capital to Guarantee Conversion Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Authorize Share Repurchase Program and Mgmt For For For No Reissuance or Cancellation of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
9 Authorize Use of Financial Derivatives when Mgmt For For For No Repurchasing Shares
Voting Policy Rationale: A vote FOR the use of financial derivatives when repurchasing shares is warranted.
HSBC Holdings plc
Meeting Date: 04/28/2017 Country: United Kingdom Primary Security ID: G4634U169 Record Date: 04/27/2017 Meeting Type: Annual Ticker: HSBA
Primary CUSIP: G4634U169
Shares Voted: 2,250
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3(a) Elect David Nish as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(b) Elect Jackson Tai as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(c) Re-elect Phillip Ameen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HSBC Holdings plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3(d) Re-elect Kathleen Casey as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(e) Re-elect Laura Cha as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(f) Re-elect Henri de Castries as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(g) Re-elect Lord Evans of Weardale as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(h) Re-elect Joachim Faber as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(i) Re-elect Douglas Flint as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(j) Re-elect Stuart Gulliver as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(k) Re-elect Irene Lee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(l) Re-elect John Lipsky as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(m) Re-elect Iain Mackay as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(n) Re-elect Heidi Miller as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(o) Re-elect Marc Moses as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(p) Re-elect Jonathan Symonds as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3(q) Re-elect Pauline van der Meer Mohr as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HSBC Holdings plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3(r) Re-elect Paul Walsh as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorise the Group Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
7 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
10 Authorise Directors to Allot Any Repurchased Mgmt For For For No Shares
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
11 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
12 Authorise Issue of Equity in Relation to Mgmt For For For No Contingent Convertible Securities
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
HSBC Holdings plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Relation to Contingent Convertible Securities
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
14 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Kellogg Company
Meeting Date: 04/28/2017 Country: USA Primary Security ID: 487836108 Record Date: 03/01/2017 Meeting Type: Annual Ticker: K
Primary CUSIP: 487836108
Shares Voted: 117
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John Bryant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Stephanie Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Richard Dreiling Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director La June Montgomery Tabron Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kellogg Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support.
Luxottica Group S.p.A.
Meeting Date: 04/28/2017 Country: Italy Primary Security ID: T6444Z110 Record Date: 04/19/2017 Meeting Type: Annual Ticker: LUX
Primary CUSIP: T6444Z110
Shares Voted: 121
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
A Deliberations on Possible Legal Action Against Mgmt None Against Against No Directors if Presented by Shareholders
Voting Policy Rationale: This item does not merit support due to concerns with the specific terms of the proposals.
Oversea-Chinese Banking Corporation Limited
Meeting Date: 04/28/2017 Country: Singapore Primary Security ID: Y64248209 Record Date: Meeting Type: Annual Ticker: O39
Primary CUSIP: Y64248209 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Oversea-Chinese Banking Corporation Limited
Shares Voted: 1,022
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Adopt Financial Statements and Directors' and Mgmt For For For No Auditors' Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2a Elect Lee Tih Shih as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2b Elect Quah Wee Ghee as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2c Elect Samuel N. Tsien as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2d Elect Wee Joo Yeow as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4a Approve Directors' Fees Mgmt For For For No
Voting Policy Rationale: Director fees in Singapore are usually reasonable. In the absence of known concerns over director fees at the company, a vote FOR this proposal is warranted.
4b Approve Issuance of 6,000 Shares to Each Mgmt For For For No Non-Executive Director for the Year Ended Dec. 31, 2016
Voting Policy Rationale: Director fees in Singapore are usually reasonable. In the absence of known concerns over director fees at the company, a vote FOR this proposal is warranted.
5 Approve KPMG LLP as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities with or without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Approve Grant of Options and/or Rights and Mgmt For For For No Issuance of Shares Pursuant to the OCBC Share Option Scheme 2001 and OCBC Employee Share Purchase Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Oversea-Chinese Banking Corporation Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Approve Issuance of Shares Pursuant to the Mgmt For For For No Oversea-Chinese Banking Corporation Limited Scrip Dividend Scheme
Voting Policy Rationale: A vote FOR this resolution is warranted given that this is a routine dividend proposal.
9 Authorize Share Repurchase Program Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
The Goldman Sachs Group, Inc.
Meeting Date: 04/28/2017 Country: USA Primary Security ID: 38141G104 Record Date: 02/27/2017 Meeting Type: Annual Ticker: GS
Primary CUSIP: 38141G104
Shares Voted: 25
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lloyd C. Blankfein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director M. Michele Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Mark A. Flaherty Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William W. George Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director James A. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Ellen J. Kullman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Lakshmi N. Mittal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Adebayo O. Ogunlesi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Goldman Sachs Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Peter Oppenheimer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director David A. Viniar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Mark O. Winkelman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
American Express Company
Meeting Date: 05/01/2017 Country: USA Primary Security ID: 025816109 Record Date: 03/03/2017 Meeting Type: Annual Ticker: AXP
Primary CUSIP: 025816109
Shares Voted: 73
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Charlene Barshefsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John J. Brennan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Ursula M. Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Kenneth I. Chenault Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
American Express Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Peter Chernin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Ralph de la Vega Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Anne L. Lauvergeon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Michael O. Leavitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Theodore J. Leonsis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Richard C. Levin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Samuel J. Palmisano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Daniel L. Vasella Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Robert D. Walter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Ronald A. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
American Express Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Eli Lilly and Company
Meeting Date: 05/01/2017 Country: USA Primary Security ID: 532457108 Record Date: 02/24/2017 Meeting Type: Annual Ticker: LLY
Primary CUSIP: 532457108
Shares Voted: 218
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael L. Eskew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director William G. Kaelin, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John C. Lechleiter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director David A. Ricks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Marschall S. Runge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Deferred Compensation Plan Mgmt For For For No
Voting Policy Rationale: The initiative can be supported due to the size of the requested authorization; the resulting level of potential dilution under all plans is within the allowable cap, and the reasonable terms of the plan. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Eli Lilly and Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
The Boeing Company
Meeting Date: 05/01/2017 Country: USA Primary Security ID: 097023105 Record Date: 03/02/2017 Meeting Type: Annual Ticker: BA
Primary CUSIP: 097023105
Shares Voted: 130
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Robert A. Bradway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director David L. Calhoun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Arthur D. Collins, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Kenneth M. Duberstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Edmund P. Giambastiani, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Lynn J. Good Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Lawrence W. Kellner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Edward M. Liddy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Dennis A. Muilenburg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Boeing Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Susan C. Schwab Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Randall L. Stephenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Ronald A. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Mike S. Zafirovski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: The company allows for the right to call a special meeting with a 25% ownership threshold. This item does not merit support per policy guidelines.
7 Report on Weapon Sales to Israel SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
8 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
Baxter International Inc.
Meeting Date: 05/02/2017 Country: USA Primary Security ID: 071813109 Record Date: 03/09/2017 Meeting Type: Annual Ticker: BAX
Primary CUSIP: 071813109 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Baxter International Inc.
Shares Voted: 37
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Jose (Joe) E. Almeida Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Thomas F. Chen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John D. Forsyth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Munib Islam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Michael F. Mahoney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Carole J. Shapazian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Thomas T. Stallkamp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Albert P.L. Stroucken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: SSGA does not support the ballot item as we believe that classified boards serve to entrench management and reduces board accountability. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bristol-Myers Squibb Company
Meeting Date: 05/02/2017 Country: USA Primary Security ID: 110122108 Record Date: 03/14/2017 Meeting Type: Annual Ticker: BMY
Primary CUSIP: 110122108
Shares Voted: 220
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Peter J. Arduini Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director Robert J. Bertolini Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1C Elect Director Giovanni Caforio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1D Elect Director Matthew W. Emmens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1E Elect Director Laurie H. Glimcher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1F Elect Director Michael Grobstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1G Elect Director Alan J. Lacy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1H Elect Director Dinesh C. Paliwal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1I Elect Director Theodore R. Samuels Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1J Elect Director Gerald L. Storch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1K Elect Director Vicki L. Sato Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bristol-Myers Squibb Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Expeditors International of Washington, Inc.
Meeting Date: 05/02/2017 Country: USA Primary Security ID: 302130109 Record Date: 03/07/2017 Meeting Type: Annual Ticker: EXPD
Primary CUSIP: 302130109
Shares Voted: 78
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert R. Wright Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Glenn M. Alger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director James M. DuBois Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Mark A. Emmert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Diane H. Gulyas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Expeditors International of Washington, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Dan P. Kourkoumelis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Richard B. McCune Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Alain Monie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Jeffrey S. Musser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Liane J. Pelletier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Tay Yoshitani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Link Executive Compensation to Sustainability SH Against Against Against No Performance
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Randgold Resources Ltd
Meeting Date: 05/02/2017 Country: United Kingdom Primary Security ID: G73740113 Record Date: 04/28/2017 Meeting Type: Annual Ticker: RRS
Primary CUSIP: G73740113 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Randgold Resources Ltd
Shares Voted: 81
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Remuneration Report Mgmt For Refer For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Remuneration Policy Mgmt For Refer For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Re-elect Safiatou Ba-N'Daw as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Mark Bristow as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Christopher Coleman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Jamil Kassum as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect Olivia Kirtley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Jeanine Mabunda Lioko as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Andrew Quinn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Graham Shuttleworth as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Reappoint BDO LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Randgold Resources Ltd Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16 Approve Awards of Ordinary Shares to Mgmt For For For No Non-executive Directors
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17 Approve Award of Ordinary Shares to the Mgmt For For For No Senior Independent Director
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
18 Approve Award of Ordinary Shares to the Mgmt For For For No Chairman
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Market Purchase of Ordinary Shares Mgmt For For For No and American Depositary Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Allianz SE
Meeting Date: 05/03/2017 Country: Germany Primary Security ID: D03080112 Record Date: Meeting Type: Annual Ticker: ALV
Primary CUSIP: D03080112
Shares Voted: 44
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting) Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Allianz SE Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 7.60 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Approve Affiliation Agreement with Allianz Mgmt For For For No Global Health GmbH
Voting Policy Rationale: A vote FOR this proposal is warranted.
6.1 Elect Helmut Perlet to the Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.2 Elect Michael Diekmann to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.3 Elect Sophie Boissard to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.4 Elect Christine Bosse to the Supervisory Board Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.5 Elect Friedrich Eichiner to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.6 Elect Herbert Hainer to the Supervisory Board Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
6.7 Elect Jim Hagemann Snabe to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cabot Oil & Gas Corporation
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 127097103 Record Date: 03/13/2017 Meeting Type: Annual Ticker: COG
Primary CUSIP: 127097103
Shares Voted: 80
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Dorothy M. Ables Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director Rhys J. Best Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1C Elect Director Robert S. Boswell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1D Elect Director Dan O. Dinges Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1E Elect Director Robert Kelley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1F Elect Director W. Matt Ralls Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Eversource Energy
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 30040W108 Record Date: 03/06/2017 Meeting Type: Annual Ticker: ES
Primary CUSIP: 30040W108 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Eversource Energy
Shares Voted: 66
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John S. Clarkeson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Cotton M. Cleveland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sanford Cloud, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director James S. DiStasio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Francis A. Doyle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Charles K. Gifford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director James J. Judge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Paul A. La Camera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Kenneth R. Leibler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director William C. Van Faasen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Frederica M. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Dennis R. Wraase Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Provide Proxy Access Right Mgmt For For For No
Voting Policy Rationale: This items merits support as it enhances board accountability and shareholder rights of long-term investors. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Eversource Energy Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Federal Realty Investment Trust
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 313747206 Record Date: 03/14/2017 Meeting Type: Annual Ticker: FRT
Primary CUSIP: 313747206
Shares Voted: 60
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Jon E. Bortz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director David W. Faeder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Elizabeth I. Holland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Gail P. Steinel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Warren M. Thompson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Joseph S. Vassalluzzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Federal Realty Investment Trust Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Donald C. Wood Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Grant Thornton LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
General Dynamics Corporation
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 369550108 Record Date: 03/06/2017 Meeting Type: Annual Ticker: GD
Primary CUSIP: 369550108
Shares Voted: 88
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Nicholas D. Chabraja Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director James S. Crown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Rudy F. deLeon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John M. Keane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Lester L. Lyles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Mark M. Malcolm Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Dynamics Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Phebe N. Novakovic Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director William A. Osborn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Catherine B. Reynolds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Laura J. Schumacher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Peter A. Wall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Intact Financial Corporation
Meeting Date: 05/03/2017 Country: Canada Primary Security ID: 45823T106 Record Date: 03/15/2017 Meeting Type: Annual/Special Ticker: IFC
Primary CUSIP: 45823T106
Shares Voted: 98
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Charles Brindamour Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intact Financial Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Robert W. Crispin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Janet De Silva Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Claude Dussault Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Robert G. Leary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Eileen Mercier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Sylvie Paquette Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Timothy H. Penner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Louise Roy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Frederick Singer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Stephen G. Snyder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Carol Stephenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Shareholder Rights Plan Mgmt For For For No
Voting Policy Rationale: Vote FOR the shareholder rights plan because it is a "new generation" plan that is structured to protect the interests of shareholders in the event of a bid for their shares.
4 Approve Advance Notice Requirement Mgmt For For For No
Voting Policy Rationale: Vote FOR this resolution as the ability of shareholders to cast informed votes for the election of directors is considered to be the most important use of the shareholder franchise. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intact Financial Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Investor AB
Meeting Date: 05/03/2017 Country: Sweden Primary Security ID: W48102128 Record Date: 04/26/2017 Meeting Type: Annual Ticker: INVE A
Primary CUSIP: W48102128
Shares Voted: 143
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Chairman of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Agenda of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Receive Financial Statements and Statutory Mgmt Reports
7 Receive President's Report Mgmt
8 Receive Board and Board Committee Reports Mgmt
9 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Investor AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Approve Allocation of Income and Dividends Mgmt For For For No of SEK 11.00 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
12a Determine Number of Members (11) and Mgmt For For For No Deputy Members (0) of Board
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board.
12b Determine Number of Auditors (1) and Mgmt For For For No Deputy Auditors (0)
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the number of auditors.
13a Approve Remuneration of Directors in the Mgmt For For For No Amount of SEK 2.45 Million for Chairman, SEK 1.42 Million for Vice-Chairman, and SEK 655,000 for Other Directors; Approve Remuneration for Committee Work
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
13b Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14a Reelect Josef Ackermann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14b Reelect Gunnar Brock as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14c Reelect Johan Forssell as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14d Reelect Magdalena Gerger as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14e Reelect Tom Johnstone as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14f Reelect Grace Reksten as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14g Reelect Hans Straberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14h Reelect Lena Treschow as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Investor AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14i Reelect Jacob Wallenberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14j Reelect Marcus Wallenberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14k Reelect Sara Ohrwall as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reelect Jacob Wallenberg as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
16 Ratify Deloitte as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17a Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
17b Approve 2017 Long-Term Incentive Program f Mgmt For For For No or Management and Other Employees
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17c Approve 2017 Long-Term Incentive Program Mgmt For For For No for Patricia Industries Employees
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
18a Authorize Repurchase of Issued Share Capital Mgmt For For For No and Reissuance of Repurchased Shares for General Purposes and in Support of Long-Term Incentive Program and Synthetic Share Program for Board of Directors
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
18b Authorize Reissuance of up to 500,000 Mgmt For For For No Repurchased Shares in Support of 2017 Long- Term Incentive Program
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
19 Amend Articles Re: Location of AGM, Opening Mgmt For For For No of AGM, Signing on Behalf of the Company; Latest date of General Meeting; Notice to Attend; Change in Name of Law
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Investor AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Shareholder Proposals Submitted by Thorwald Mgmt Arvidsson
20a Adopt a Zero Vision for Workplace Accidents SH None Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to facility safety are reasonable.
20b Instruct the Board to Set Up a Working Group SH None Against Against No Concerning Workplace Accidents
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
20c Require the Results from the Working Group SH None Against Against No Concerning Item 20b to be Annually Published
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to facility safety are reasonable.
20d Adopt a Vision for Absolute Gender Equality SH None Against Against No on All Levels Within the Company
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable.
20e Instruct the Board to Set Up a Working Group SH None Against Against No Concerning Gender and Ethnicity Diversification Within the Company
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
20f Require the Results from the Working Group SH None Against Against No Concerning Item 20e to be Annually Published
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable.
20g Request Board to Take Necessary Action to SH None Against Against No Create a Shareholders' Association
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
20h Prohibit Directors from Being Able to Invoice SH None Against Against No Director's Fees via Swedish and Foreign Legal Entities
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
20i Instruct the Nomination Committee to Pay SH None Against Against No Extra Attention to Questions Concerning Ethics, Gender, and Ethnicity
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
20j Request Board to Propose to the Appropriate SH None Against Against No Authority to Bring About a Changed Regulation in the Area Relating to Item 20h
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Investor AB Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20k Amend Articles of Association: Both Class A SH None Against Against No Shares and Class B Shares are Entitled to One Vote Each
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
20l Request Board to Propose to the Swedish SH None Against Against No Government Legislation on the Abolition of Voting Power Differences in Swedish Limited Liability Companies
Voting Policy Rationale: A vote AGAINST these proposals is warranted, as these proposals either seek to micromanage the company or otherwise are overly prescriptive given the company's policies and practices.
20m Amend Articles Re: Former Politicians on the SH None Against Against No Board
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
20n Request Board to Propose to the Swedish SH None Against Against No Government to Draw Attention to the Need for Introducing a "Politician Quarantine"
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
20o Instruct the Board to Prepare a Proposal for SH None Against Against No the Representation of Small- and Midsized Shareholders in the Board and Nomination Committee
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
21 Close Meeting Mgmt
Kinross Gold Corporation
Meeting Date: 05/03/2017 Country: Canada Primary Security ID: 496902404 Record Date: 03/14/2017 Meeting Type: Annual Ticker: K
Primary CUSIP: 496902404
Shares Voted: 809
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Ian Atkinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director John A. Brough Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kinross Gold Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director John M. H. Huxley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ave G. Lethbridge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Catherine McLeod-Seltzer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director John E. Oliver Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Kelly J. Osborne Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Una M. Power Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director J. Paul Rollinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve KPMG LLP as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
L Air Liquide
Meeting Date: 05/03/2017 Country: France Primary Security ID: F01764103 Record Date: 04/28/2017 Meeting Type: Annual/Special Ticker: AI
Primary CUSIP: F01764103
Shares Voted: 45
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
L Air Liquide Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.60 per Share and an Extra of EUR 0.26 per Share to Long Term Registered Shares
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5 Relect Thierry Peugeot as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Xavier Huillard as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Acknowledge Auditors' Special Report on Mgmt For For For No Related-Party Transactions Mentioning the Absence of New Transactions
Voting Policy Rationale: A vote FOR this proposal is warranted because the information disclosed in the auditors' special report does not raise any concerns.
8 Advisory Vote on Compensation of Benoit Mgmt For For For No Potier
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Advisory Vote on Compensation of Pierre Mgmt For For For No Dufour
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Approve Remuneration Policy for Chairman Mgmt For For For No and CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Approve Remuneration Policy for Vice CEO Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Extraordinary Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
L Air Liquide Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
12 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
13 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 530 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
14 Authorize Board to Increase Capital in the Mgmt For For For No Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
15 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
16 Approve Stock Purchase Plan Reserved for Mgmt For For For No Employees of International Subsidiaries
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
Ordinary Business Mgmt
17 Authorize Filing of Required Documents Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Norsk Hydro ASA
Meeting Date: 05/03/2017 Country: Norway Primary Security ID: R61115102 Record Date: 04/25/2017 Meeting Type: Annual Ticker: NHY
Primary CUSIP: R61115102
Shares Voted: 402
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Notice of Meeting and Agenda Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Norsk Hydro ASA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Accept Financial Statements and Statutory Mgmt For For For No Reports; Approve Allocation of Income and Dividends of NOK 1.25 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Discuss Company's Corporate Governance Mgmt Statement
6 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
7 Approve Update of the Mandate of the Mgmt For For For No Nomination Committee
Voting Policy Rationale: In the absence of significant concerns with the director nominee, this item merits support as per SSGA's voting guidelines.
8.1 Approve Remuneration of Corporate Mgmt For For For No Assembly
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
8.2 Approve Remuneration of Nomination Mgmt For For For No Committee
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
Pepsico, Inc.
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 713448108 Record Date: 03/01/2017 Meeting Type: Annual Ticker: PEP
Primary CUSIP: 713448108
Shares Voted: 328
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Shona L. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pepsico, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director George W. Buckley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Cesar Conde Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Ian M. Cook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Dina Dublon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Rona A. Fairhead Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Richard W. Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director William R. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Indra K. Nooyi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director David C. Page Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Robert C. Pohlad Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Daniel Vasella Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Darren Walker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Alberto Weisser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Pepsico, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Plans to Minimize Pesticides' SH Against Against Against No Impact on Pollinators
Voting Policy Rationale: This proposal does not merit support as the company's environmental disclosure and/or practices are reasonable.
6 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
Philip Morris International Inc.
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 718172109 Record Date: 03/10/2017 Meeting Type: Annual Ticker: PM
Primary CUSIP: 718172109
Shares Voted: 73
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Harold Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Andre Calantzopoulos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Louis C. Camilleri Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Massimo Ferragamo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Werner Geissler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Jennifer Li Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Philip Morris International Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Jun Makihara Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Sergio Marchionne Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
1.9 Elect Director Kalpana Morparia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Lucio A. Noto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Frederik Paulsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Robert B. Polet Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Stephen M. Wolf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Approve Non-Employee Director Restricted Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Ratify PricewaterhouseCoopers SA as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Establish a Board Committee on Human SH Against Against Against No Rights
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Philip Morris International Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Participate in OECD Mediation for Human SH Against Against Against No Rights Violations
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to human rights are reasonable.
Phillips 66
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 718546104 Record Date: 03/10/2017 Meeting Type: Annual Ticker: PSX
Primary CUSIP: 718546104
Shares Voted: 52
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director William R. Loomis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Glenn F. Tilton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Marna C. Whittington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Prologis, Inc.
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 74340W103 Record Date: 03/09/2017 Meeting Type: Annual Ticker: PLD
Primary CUSIP: 74340W103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Prologis, Inc.
Shares Voted: 75
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Hamid R. Moghadam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director George L. Fotiades Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Lydia H. Kennard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director J. Michael Losh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Irving F. Lyons, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director David P. O'Connor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Olivier Piani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Jeffrey L. Skelton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Carl B. Webb Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director William D. Zollars Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Standard Chartered PLC
Meeting Date: 05/03/2017 Country: United Kingdom Primary Security ID: G84228157 Record Date: 04/28/2017 Meeting Type: Annual Ticker: STAN
Primary CUSIP: G84228157
Shares Voted: 214
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Elect Jose Vinals as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Re-elect Om Bhatt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Dr Kurt Campbell as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Dr Louis Cheung as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect David Conner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Dr Byron Grote as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Andy Halford as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Dr Han Seung-soo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Christine Hodgson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Gay Huey Evans as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Standard Chartered PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Re-elect Naguib Kheraj as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Jasmine Whitbread as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Bill Winters as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
19 Approve Scrip Dividend Program Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because this is a routine item and no concerns have been identified.
20 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Issue of Equity in Relation to Equity Mgmt For For For No Convertible Additional Tier 1 Securities
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
23 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Standard Chartered PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
24 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
25 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Relation to Equity Convertible Additional Tier 1 Securities
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
26 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
27 Authorise Market Purchase of Preference Mgmt For For For No Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
28 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Stryker Corporation
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 863667101 Record Date: 03/06/2017 Meeting Type: Annual Ticker: SYK
Primary CUSIP: 863667101
Shares Voted: 32
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Howard E. Cox, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1b Elect Director Srikant M. Datar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Roch Doliveux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Stryker Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Louise L. Francesconi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Allan C. Golston Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Kevin A. Lobo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Andrew K. Silvernail Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Ronda E. Stryker Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Amend Restricted Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
7 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
8 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TENARIS SA
Meeting Date: 05/03/2017 Country: Luxembourg Primary Security ID: L90272102 Record Date: 04/19/2017 Meeting Type: Annual Ticker: TEN
Primary CUSIP: L90272102
Shares Voted: 148
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Receive and Approve Board's and Auditor's Mgmt For For For No Reports Re: Consolidated Financial Statements and Statutory Reports
Voting Policy Rationale: A vote FOR this proposal is warranted as submission of this report is routine.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Financial Statements Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Discharge of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
6 Elect Directors (Bundled) Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the director nominees as the board is less than 50% independent.
7 Approve Remuneration of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this item is warranted because there is no sign of excessiveness concerning the board remuneration.
8 Approve Auditors and Authorize Board to Fix Mgmt For For For No Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9 Allow Electronic Distribution of Company Mgmt For For For No Documents to Shareholders
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Hershey Company
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 427866108 Record Date: 03/06/2017 Meeting Type: Annual Ticker: HSY
Primary CUSIP: 427866108
Shares Voted: 72
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Pamela M. Arway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director John P. Bilbrey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director James W. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Michele G. Buck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Charles A. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Mary Kay Haben Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director M. Diane Koken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Robert M. Malcolm Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director James M. Mead Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Anthony J. Palmer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Thomas J. Ridge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director David L. Shedlarz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Hershey Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Thomson Reuters Corporation
Meeting Date: 05/03/2017 Country: Canada Primary Security ID: 884903105 Record Date: 03/16/2017 Meeting Type: Annual/Special Ticker: TRI
Primary CUSIP: 884903105
Shares Voted: 108
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director David Thomson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director James C. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sheila C. Bair Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director David W. Binet Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.5 Elect Director W. Edmund Clark Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.6 Elect Director Michael E. Daniels Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ken Olisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Thomson Reuters Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.8 Elect Director Vance K. Opperman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Kristin C. Peck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Barry Salzberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Peter J. Thomson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Wulf von Schimmelmann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Stock Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Valero Energy Corporation
Meeting Date: 05/03/2017 Country: USA Primary Security ID: 91913Y100 Record Date: 03/07/2017 Meeting Type: Annual Ticker: VLO
Primary CUSIP: 91913Y100
Shares Voted: 59
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director H. Paulett Eberhart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Joseph W. Gorder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Valero Energy Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Kimberly S. Greene Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Deborah P. Majoras Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Donald L. Nickles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Philip J. Pfeiffer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Robert A. Profusek Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Susan Kaufman Purcell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Stephen M. Waters Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Randall J. Weisenburger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Rayford Wilkins, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Allergan plc
Meeting Date: 05/04/2017 Country: Ireland Primary Security ID: G0177J108 Record Date: 03/08/2017 Meeting Type: Annual Ticker: AGN
Primary CUSIP: 942683103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Allergan plc
Shares Voted: 10
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Nesli Basgoz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Paul M. Bisaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director James H. Bloem Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Christopher W. Bodine Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Adriane M. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Christopher J. Coughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Catherine M. Klema Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Peter J. McDonnell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Patrick J. O'Sullivan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Brenton L. Saunders Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Ronald R. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Fred G. Weiss Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Allergan plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
6 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
ARC Resources Ltd.
Meeting Date: 05/04/2017 Country: Canada Primary Security ID: 00208D408 Record Date: 03/20/2017 Meeting Type: Annual Ticker: ARX
Primary CUSIP: 00208D408
Shares Voted: 121
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director David R. Collyer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director John P. Dielwart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Fred J. Dyment Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Timothy J. Hearn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director James C. Houck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Harold N. Kvisle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ARC Resources Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Kathleen M. O'Neill Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Herbert C. Pinder, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director William G. Sembo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Nancy L. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Myron M. Stadnyk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Arch Capital Group Ltd.
Meeting Date: 05/04/2017 Country: Bermuda Primary Security ID: G0450A105 Record Date: 03/08/2017 Meeting Type: Annual Ticker: ACGL
Primary CUSIP: G0450A105
Shares Voted: 85
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Kewsong Lee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Louis J. Paglia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Brian S. Posner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arch Capital Group Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director John D. Vollaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2a Elect Director Robert Appleby as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2b Elect Director Anthony Asquith as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2c Elect Director Dennis R. Brand as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2d Elect Director Ian Britchfield as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2e Elect Director Pierre-Andre Camps as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2f Elect Director Paul Cole as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2g Elect Director Graham B.R. Collis as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2h Elect Director Michael Constantinides as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2i Elect Director Stephen J. Curley as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2j Elect Director Nick Denniston as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arch Capital Group Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2k Elect Director Seamus Fearon as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2l Elect Director Michael Feetham as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2m Elect Director Beau H. Franklin as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2n Elect Director Giuliano Giovannetti as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2o Elect Director Michael Hammer as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2p Elect Director W. Preston Hutchings as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2q Elect Director Constantine Iordanou as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2r Elect Director Michael H. Kier as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2s Elect Director Jason Kittinger as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2t Elect Director Gerald Konig as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2u Elect Director Mark D. Lyons as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arch Capital Group Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2v Elect Director Patrick Mailloux as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2w Elect Director Paul Martin as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2x Elect Director Robert McDowell as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2y Elect Director David H. McElroy as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2z Elect Director Francois Morin as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2aa Elect Director David J. Mulholland as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ab Elect Director Mark Nolan as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ac Elect Director Nicolas Papadopoulo as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ad Elect Director Michael Price as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ae Elect Director Elisabeth Quinn as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2af Elect Director Maamoun Rajeh as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arch Capital Group Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2ag Elect Director Andrew T. Rippert as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ah Elect Director Arthur Scace as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ai Elect Director Soren Scheuer as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2aj Elect Director Matthew Shulman as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ak Elect Director Budhi Singh as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2al Elect Director William A. Soares as Mgmt For For For No Designated Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2am Elect Director Scott Stirling as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2an Elect Director Hugh Sturgess as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ao Elect Director Ross Totten as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
2ap Elect Director Gerald Wolfe as Designated Mgmt For For For No Company Director of Non-U.S. Subsidiaries
Voting Policy Rationale: A vote FOR all director nominees is warranted.
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arch Capital Group Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Archer-Daniels-Midland Company
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 039483102 Record Date: 03/13/2017 Meeting Type: Annual Ticker: ADM
Primary CUSIP: 039483102
Shares Voted: 174
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Alan L. Boeckmann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Terrell K. Crews Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Pierre Dufour Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Donald E. Felsinger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Suzan F. Harrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Juan R. Luciano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Patrick J. Moore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Francisco J. Sanchez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Archer-Daniels-Midland Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Debra A. Sandler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Daniel T. Shih Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Kelvin R. Westbrook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
AXIS Capital Holdings Limited
Meeting Date: 05/04/2017 Country: Bermuda Primary Security ID: G0692U109 Record Date: 03/10/2017 Meeting Type: Annual Ticker: AXS
Primary CUSIP: G0692U109
Shares Voted: 122
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert L. Friedman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Cheryl-Ann Lister Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Thomas C. Ramey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Wilhelm Zeller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AXIS Capital Holdings Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Deloitte Ltd., Hamilton, Bermuda as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Canadian Natural Resources Limited
Meeting Date: 05/04/2017 Country: Canada Primary Security ID: 136385101 Record Date: 03/15/2017 Meeting Type: Annual Ticker: CNQ
Primary CUSIP: 136385101
Shares Voted: 68
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
You may vote for the nominees for Directors Mgmt as slate:
1 Elect Catherine M. Best, N. Murray Edwards, Mgmt For For For No Timothy W. Faithfull, Gary A. Filmon, Christopher L. Fong, Gordon D. Giffin, Wilfred A. Gobert, Steve W. Laut, Frank J. McKenna, David A. Tuer, and Annette M. Verschuren as Directors
Voting Policy Rationale: The director nominees merit support per voting guidelines.
OR you may vote for the nominees for Mgmt Directors individually:
1.1 Elect Director Catherine M. Best Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director N. Murray Edwards Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Canadian Natural Resources Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Timothy W. Faithfull Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Gary A. Filmon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Christopher L. Fong Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Gordon D. Giffin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Wilfred A. Gobert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Steve W. Laut Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Frank J. McKenna Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director David A. Tuer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Annette M. Verschuren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Capital One Financial Corporation
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 14040H105 Record Date: 03/13/2017 Meeting Type: Annual Ticker: COF
Primary CUSIP: 14040H105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Capital One Financial Corporation
Shares Voted: 130
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Richard D. Fairbank Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director Ann Fritz Hackett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1C Elect Director Lewis Hay, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1D Elect Director Benjamin P. Jenkins, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1E Elect Director Peter Thomas Killalea Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1F Elect Director Pierre E. Leroy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1G Elect Director Peter E. Raskind Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1H Elect Director Mayo A. Shattuck, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1I Elect Director Bradford H. Warner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1J Elect Director Catherine G. West Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Capital One Financial Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Amend Nonqualified Employee Stock Mgmt For For For No Purchase Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
6 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the proposal.
Church & Dwight Co., Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 171340102 Record Date: 03/07/2017 Meeting Type: Annual Ticker: CHD
Primary CUSIP: 171340102
Shares Voted: 120
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director James R. Craigie Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1b Elect Director Robert D. LeBlanc Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Janet S. Vergis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Increase Authorized Common Stock Mgmt For For For No
Voting Policy Rationale: The proposed increase in the current authorized shares of this stock class is in line with voting guidelines.
6 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Duke Energy Corporation
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 26441C204 Record Date: 03/06/2017 Meeting Type: Annual Ticker: DUK
Primary CUSIP: 26441C204
Shares Voted: 253
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Michael J. Angelakis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Michael G. Browning Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Theodore F. Craver, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Daniel R. DiMicco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director John H. Forsgren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Lynn J. Good Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director John T. Herron Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director James B. Hyler, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director William E. Kennard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director E. Marie McKee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Charles W. Moorman, IV Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Carlos A. Saladrigas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Duke Energy Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Thomas E. Skains Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director William E. Webster, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Eliminate Supermajority Vote Requirement Mgmt For For For No
Voting Policy Rationale: This item merits support per policy guidelines.
6 Report on Lobbying Expenses SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
7 Assess Portfolio Impacts of Policies to Meet 2 SH Against Against Against No Degree Scenario
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
8 Report on the Public Health Risk of Dukes SH Against Against Against No Energy's Coal Use
Voting Policy Rationale: This proposal does not merit support as the company's environmental disclosure and/or practices are reasonable.
Enel SpA
Meeting Date: 05/04/2017 Country: Italy Primary Security ID: T3679P115 Record Date: 04/24/2017 Meeting Type: Annual Ticker: ENEL
Primary CUSIP: T3679P115
Shares Voted: 1,302
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Enel SpA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Authorize Share Repurchase Program and Mgmt For For For No Reissuance of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
4 Fix Number of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this item is warranted because:- This proposal is routine and non-contentious.- The company has disclosed the details of the deliberation.
5 Fix Board Terms for Directors Mgmt For For For No
Voting Policy Rationale: This item warrants a vote FOR as it is routine and non-contentious.
Appoint Directors (Slate Election) - Choose Mgmt One of the Following Slates
6.1 Slate Submitted by the Italian Ministry of SH None Do Not Do Not No Economy And Finance Vote Vote
Voting Policy Rationale: SSGA does not vote on this proposal as support is warranted for the alternative item on the ballot.
6.2 Slate Submitted by Institutional Investors SH None For For No (Assogestioni)
Voting Policy Rationale: In the absence of significant concerns, support for this proposal is warranted.
Shareholder Proposals Submitted by Italian Mgmt Ministry of Economy And Finance
7 Elect Patrizia Grieco as Board Chair SH None For For No
Voting Policy Rationale: The director nominee merits support.
8 Approve Remuneration of Directors SH None For For No
Voting Policy Rationale: In the absence of significant concerns, support for this proposal is warranted.
Management Proposals Mgmt
9 Approve 2017 Monetary Long-Term Incentive Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
GlaxoSmithKline plc
Meeting Date: 05/04/2017 Country: United Kingdom Primary Security ID: G3910J112 Record Date: 05/02/2017 Meeting Type: Annual Ticker: GSK
Primary CUSIP: G3910J112
Shares Voted: 222
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Elect Emma Walmsley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Dr Vivienne Cox as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Dr Patrick Vallance as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Philip Hampton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Sir Roy Anderson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Vindi Banga as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Simon Dingemans as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Lynn Elsenhans as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Dr Jesse Goodman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
GlaxoSmithKline plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Re-elect Judy Lewent as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Urs Rohner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise the Audit & Risk Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Approve the Exemption from Statement of Mgmt For For For No the Name of the Senior Statutory Auditor in Published Copies of the Auditors' Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
GlaxoSmithKline plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
24 Approve Performance Share Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
25 Approve Deferred Annual Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Kerry Group plc
Meeting Date: 05/04/2017 Country: Ireland Primary Security ID: G52416107 Record Date: 05/02/2017 Meeting Type: Annual Ticker: KRZ
Primary CUSIP: G52416107
Shares Voted: 97
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Re-elect Gerry Behan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3b Re-elect Dr Hugh Brady as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3c Re-elect Dr Karin Dorrepaal as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3d Re-elect Michael Dowling as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3e Re-elect Joan Garahy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3f Re-elect Flor Healy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kerry Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3g Re-elect James Kenny as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3h Re-elect Stan McCarthy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3i Re-elect Brian Mehigan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3j Re-elect Tom Moran as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3k Re-elect Philip Toomey as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Authorise Market Purchase of A Ordinary Mgmt For For For No Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Mettler-Toledo International Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 592688105 Record Date: 03/06/2017 Meeting Type: Annual Ticker: MTD
Primary CUSIP: 592688105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mettler-Toledo International Inc.
Shares Voted: 17
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert F. Spoerry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Wah-Hui Chu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Francis A. Contino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Olivier A. Filliol Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard Francis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Constance L. Harvey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Michael A. Kelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Hans Ulrich Maerki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Thomas P. Salice Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Reckitt Benckiser Group plc
Meeting Date: 05/04/2017 Country: United Kingdom Primary Security ID: G74079107 Record Date: 05/02/2017 Meeting Type: Annual Ticker: RB.
Primary CUSIP: G74079107
Shares Voted: 197
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Re-elect Adrian Bellamy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Nicandro Durante as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Mary Harris as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Adrian Hennah as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Kenneth Hydon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Rakesh Kapoor as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Pamela Kirby as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Andre Lacroix as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Chris Sinclair as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Reckitt Benckiser Group plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Re-elect Judith Sprieser as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Warren Tucker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rio Tinto Ltd.
Meeting Date: 05/04/2017 Country: Australia Primary Security ID: Q81437107 Record Date: 05/02/2017 Meeting Type: Annual Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 144
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve the Financial Statements and Reports Mgmt For For For No of the Directors and Auditor
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Report for UK Mgmt For For For No Law Purposes
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Potential Termination of Benefits Mgmt For For For No for Australian Law Purposes
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
5 Elect Megan Clark as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
6 Elect David Constable as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
7 Elect Jan du Plessis as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
8 Elect Ann Godbehere as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
9 Elect Simon Henry as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
10 Elect Jean-Sebastien Jacques as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
11 Elect Sam Laidlaw as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
12 Elect Michael L'Estrange as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rio Tinto Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Elect Chris Lynch as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
14 Elect Paul Tellier as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
15 Elect Simon Thompson as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
16 Elect John Varley as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
17 Appoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors of the Company
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorize Board to Fix Remuneration of the Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
19 Approve Political Donations Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
20 Approve the Renewal of Off- Market and Mgmt For For For No On-Market Share Buyback Authorities
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Rolls-Royce Holdings plc
Meeting Date: 05/04/2017 Country: United Kingdom Primary Security ID: G76225104 Record Date: 05/02/2017 Meeting Type: Annual Ticker: RR.
Primary CUSIP: G7630U109
Shares Voted: 190
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rolls-Royce Holdings plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Elect Stephen Daintith as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Ian Davis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Warren East as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Lewis Booth as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Ruth Cairnie as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Sir Frank Chapman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Irene Dorner as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Lee Hsien Yang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Bradley Singer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Sir Kevin Smith as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Jasmin Staiblin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Rolls-Royce Holdings plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Approve Payment to Shareholders Mgmt For For For No
Voting Policy Rationale: A vote For this item is warranted as no concerns have been identified.
18 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
19 Approve Long-Term Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
20 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Adopt New Articles of Association Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
UBS GROUP AG
Meeting Date: 05/04/2017 Country: Switzerland Primary Security ID: H42097107 Record Date: Meeting Type: Annual Ticker: UBSG
Primary CUSIP: N/A
Shares Voted: 185
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UBS GROUP AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report (Non-Binding) Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 0.60 per Share from Capital Contribution Reserves
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Variable Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 71.9 Million
Voting Policy Rationale: Votes FOR these items warranted because the proposals appear to be in line with market practice and do not raise significant concerns. However, shareholders may wish to note that the board has proposed a 10 percent increase in the fixed pay envelope for 2018, which is due to an increase in the reserve related to "increased uncertainty in 2018 due to potential geopolitical and regulatory changes and potential market considerations." This does not appear to reflect an intent to increase base salary levels.
5 Approve Maximum Fixed Remuneration of Mgmt For For For No Executive Committee in the Amount of CHF 31.5 Million
Voting Policy Rationale: Votes FOR these items warranted because the proposals appear to be in line with market practice and do not raise significant concerns. However, shareholders may wish to note that the board has proposed a 10 percent increase in the fixed pay envelope for 2018, which is due to an increase in the reserve related to "increased uncertainty in 2018 due to potential geopolitical and regulatory changes and potential market considerations." This does not appear to reflect an intent to increase base salary levels.
6.1a Reelect Axel Weber as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1b Reelect Michel Demare as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1c Reelect David Sidwell as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1d Reelect Reto Francioni as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1e Reelect Ann Godbehere as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1f Reelect William Parrett as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UBS GROUP AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.1g Reelect Isabelle Romy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1h Reelect Robert Scully as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1i Reelect Beatrice Weder di Mauro as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.1j Reelect Dieter Wemmer as Director Mgmt For Against Against Yes
Voting Policy Rationale: The nominee attended less than 75% of the board and committee meetings that they were scheduled to attend during the previous fiscal year without a valid excuse (e.g. illness, work on behalf of the company, service to the nation).
6.2 Elect Julie Richardson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6.3.1 Appoint Ann Godbehere as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.2 Appoint Michel Demare as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.3 Appoint Reto Francioni as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
6.3.4 Appoint William Parrett as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7 Approve Maximum Remuneration of Board of Mgmt For For For No Directors in the Amount of CHF 14 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the board has not proposed any increase in the pay envelope.
8.1 Designate ADB Altorfer Duss & Beilstein AG Mgmt For For For No as Independent Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
8.2 Ratify Ernst & Young AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
United Parcel Service, Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 911312106 Record Date: 03/06/2017 Meeting Type: Annual Ticker: UPS
Primary CUSIP: 911312106
Shares Voted: 119
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director David P. Abney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Rodney C. Adkins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Michael J. Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William R. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Candace Kendle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Ann M. Livermore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Rudy H.P. Markham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Franck J. Moison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Clark "Sandy" T. Randt, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John T. Stankey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Carol B. Tome Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Kevin M. Warsh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
United Parcel Service, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Approve Recapitalization Plan for all Stock to SH Against For For Yes Have One-vote per Share
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
7 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
Verizon Communications Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 92343V104 Record Date: 03/06/2017 Meeting Type: Annual Ticker: VZ
Primary CUSIP: 92343V104
Shares Voted: 364
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Shellye L. Archambeau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Mark T. Bertolini Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Richard L. Carrion Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Melanie L. Healey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Verizon Communications Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director M. Frances Keeth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Karl-Ludwig Kley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Lowell C. McAdam Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Clarence Otis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Rodney E. Slater Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Kathryn A. Tesija Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Gregory D. Wasson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Gregory G. Weaver Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Establish Board Committee on Human Rights SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Report on Feasibility of Adopting GHG SH Against For For Yes Emissions Targets
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to GHG emissions can be improved. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Verizon Communications Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Amend Bylaws - Call Special Meetings SH Against Against Against No
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
9 Amend Clawback Policy SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
10 Stock Retention/Holding Period SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
11 Limit Matching Contributions to Executive SH Against Against Against No Retirement Plans
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
WEC Energy Group, Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 92939U106 Record Date: 02/23/2017 Meeting Type: Annual Ticker: WEC
Primary CUSIP: 92939U106
Shares Voted: 132
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John F. Bergstrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Barbara L. Bowles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director William J. Brodsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Albert J. Budney, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Patricia W. Chadwick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Curt S. Culver Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
WEC Energy Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Thomas J. Fischer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Paul W. Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Gale E. Klappa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Henry W. Knueppel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Allen L. Leverett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Ulice Payne, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Mary Ellen Stanek Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Welltower Inc.
Meeting Date: 05/04/2017 Country: USA Primary Security ID: 95040Q104 Record Date: 03/07/2017 Meeting Type: Annual Ticker: HCN
Primary CUSIP: 95040Q104
Shares Voted: 10
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Kenneth J. Bacon Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Welltower Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Thomas J. DeRosa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jeffrey H. Donahue Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Fred S. Klipsch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Geoffrey G. Meyers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Timothy J. Naughton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Sharon M. Oster Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Judith C. Pelham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Sergio D. Rivera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director R. Scott Trumbull Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Yamana Gold Inc.
Meeting Date: 05/04/2017 Country: Canada Primary Security ID: 98462Y100 Record Date: 03/21/2017 Meeting Type: Annual Ticker: YRI
Primary CUSIP: 98462Y100
Shares Voted: 727
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John Begeman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Christiane Bergevin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Alexander Davidson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Richard Graff Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Kimberly Keating Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Nigel Lees Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Peter Marrone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Patrick J. Mars Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Carl Renzoni Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Jane Sadowsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Dino Titaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Yamana Gold Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
CLP Holdings Ltd.
Meeting Date: 05/05/2017 Country: Hong Kong Primary Security ID: Y1660Q104 Record Date: 04/27/2017 Meeting Type: Annual Ticker: 2
Primary CUSIP: Y1660Q104
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2a Elect Roderick Ian Eddington as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Lee Yui Bor as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect William Elkin Mocatta as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2d Elect Vernon Francis Moore as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2e Elect Cheng Hoi Chuen, Vincent as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve PricewaterhouseCoopers as Auditors Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
CLP Holdings Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Illinois Tool Works Inc.
Meeting Date: 05/05/2017 Country: USA Primary Security ID: 452308109 Record Date: 03/07/2017 Meeting Type: Annual Ticker: ITW
Primary CUSIP: 452308109
Shares Voted: 113
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Daniel J. Brutto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Susan Crown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director James W. Griffith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Jay L. Henderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Richard H. Lenny Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director E. Scott Santi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director James A. Skinner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director David B. Smith, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Pamela B. Strobel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Illinois Tool Works Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Kevin M. Warren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Anre D. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: Shareholders currently have the right to call a special meeting.
Marriott International, Inc.
Meeting Date: 05/05/2017 Country: USA Primary Security ID: 571903202 Record Date: 03/13/2017 Meeting Type: Annual Ticker: MAR
Primary CUSIP: 571903202
Shares Voted: 48
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director J.W. Marriott, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.2 Elect Director Mary K. Bush Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.3 Elect Director Bruce W. Duncan Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.4 Elect Director Deborah Marriott Harrison Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marriott International, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director Frederick A. 'Fritz' Henderson Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.6 Elect Director Eric Hippeau Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Lawrence W. Kellner Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.8 Elect Director Debra L. Lee Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.9 Elect Director Aylwin B. Lewis Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.10 Elect Director George Munoz Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.11 Elect Director Steven S. Reinemund Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.12 Elect Director W. Mitt Romney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Susan C. Schwab Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Arne M. Sorenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marriott International, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
TransCanada Corporation
Meeting Date: 05/05/2017 Country: Canada Primary Security ID: 89353D107 Record Date: 03/20/2017 Meeting Type: Annual Ticker: TRP
Primary CUSIP: 89353D107
Shares Voted: 50
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Kevin E. Benson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Derek H. Burney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Stephan Cretier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Russell K. Girling Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director S. Barry Jackson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director John E. Lowe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Paula Rosput Reynolds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Mary Pat Salomone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Indira V. Samarasekera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
TransCanada Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director D. Michael G. Stewart Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Siim A. Vanaselja Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Richard E. Waugh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve KPMG LLP as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Woodside Petroleum Ltd.
Meeting Date: 05/05/2017 Country: Australia Primary Security ID: 980228100 Record Date: 05/03/2017 Meeting Type: Annual Ticker: WPL
Primary CUSIP: 980228100
Shares Voted: 358
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2a Elect Michael Chaney as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2b Elect Lawrence Archibald as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2c Elect Ian Macfarlane as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve the Conditional Spill Resolution Mgmt Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the specific terms of the proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Berkshire Hathaway Inc.
Meeting Date: 05/06/2017 Country: USA Primary Security ID: 084670702 Record Date: 03/08/2017 Meeting Type: Annual Ticker: BRK.B
Primary CUSIP: 084670702
Shares Voted: 95
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Warren E. Buffett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Charles T. Munger Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.3 Elect Director Howard G. Buffett Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.4 Elect Director Stephen B. Burke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Susan L. Decker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William H. Gates, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director David S. Gottesman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Charlotte Guyman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Thomas S. Murphy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Ronald L. Olson Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.11 Elect Director Walter Scott, Jr. Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.12 Elect Director Meryl B. Witmer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Berkshire Hathaway Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Report on Political Contributions SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to political contributions can be improved.
5 Assess and Report on Exposure to Climate SH Against For For Yes Change Risks
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
6 Require Divestment from Fossil Fuels SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
ING Groep NV
Meeting Date: 05/08/2017 Country: Netherlands Primary Security ID: N4578E595 Record Date: 04/10/2017 Meeting Type: Annual Ticker: INGA
Primary CUSIP: N4578E413
Shares Voted: 339
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Annual Meeting Agenda Mgmt
1 Open Meeting Mgmt
2a Receive Report of Management Board Mgmt (Non-Voting)
2b Receive Announcements on Sustainability Mgmt
2c Receive Report of Supervisory Board Mgmt (Non-Voting)
2d Discuss Remuneration Report Mgmt
2e Adopt Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ING Groep NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3a Receive Explanation on Profit Retention and Mgmt Distribution Policy
3b Approve Dividends of EUR 0.66 Per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4a Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4b Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5a Receive Information on Deferral Period in the Mgmt Remuneration Policy for Members of the Executive Board
5b Approve Increase Maximum Ratio Between Mgmt For For For No Fixed and Variable Components of Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
6a Reelect Ralph Hamers to Management Board Mgmt For For For No
Voting Policy Rationale: A vote FOR these elections is warranted because:- The nominees are elected for a term not exceeding four years;- The candidates appear to possess the necessary qualifications for board membership; and- There is no known controversy concerning the candidates.
6b Elect Steven van Rijswijk to Management Mgmt For For For No Board
Voting Policy Rationale: A vote FOR these elections is warranted because:- The nominees are elected for a term not exceeding four years;- The candidates appear to possess the necessary qualifications for board membership; and- There is no known controversy concerning the candidates.
6c Elect Koos Timmermans to Management Mgmt For For For No Board
Voting Policy Rationale: A vote FOR these elections is warranted because:- The nominees are elected for a term not exceeding four years;- The candidates appear to possess the necessary qualifications for board membership; and- There is no known controversy concerning the candidates.
7a Reelect Hermann-Josef Lamberti to Mgmt For For For No Supervisory Board
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7b Reelect Robert Reibestein to Supervisory Mgmt For For For No Board
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7c Reelect Jeroen van der Veer to Supervisory Mgmt For For For No Board
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ING Groep NV Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7d Elect Jan Peter Balkenende to Supervisory Mgmt For For For No Board
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7e Elect Margarete Haase to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7f Elect Hans Wijers to Supervisory Board Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8a Authorize Issuance of Shares with Preemptive Mgmt For For For No Rights up to 40 Percent of the Issued Share Capital
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8b Grant Board Authority to Issue Shares Up To Mgmt For For For No 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
10 Other Business (Non-Voting) Mgmt
3M Company
Meeting Date: 05/09/2017 Country: USA Primary Security ID: 88579Y101 Record Date: 03/14/2017 Meeting Type: Annual Ticker: MMM
Primary CUSIP: 88579Y101
Shares Voted: 161
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Sondra L. Barbour Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Thomas "Tony" K. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
3M Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Vance D. Coffman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director David B. Dillon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Michael L. Eskew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Herbert L. Henkel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Muhtar Kent Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Edward M. Liddy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Gregory R. Page Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Inge G. Thulin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Patricia A. Woertz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ASM Pacific Technology Ltd.
Meeting Date: 05/09/2017 Country: Cayman Islands Primary Security ID: G0535Q133 Record Date: 05/02/2017 Meeting Type: Annual Ticker: 522
Primary CUSIP: G0535Q133
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Deloitte Touche Tohmatsu as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
6 Authorize Reissuance of Repurchased Shares Mgmt For For For No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Amend Memorandum and Articles of Mgmt For For For No Association
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
8 Adopt Memorandum and Articles of Mgmt For For For No Association
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
9 Elect Lee Wai Kwong as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Robin Gerard Ng Cher Tat as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ASM Pacific Technology Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Elect Tsui Ching Man, Stanley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Authorize Board to Fix Remuneration of Mgmt For For For No Directors
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
13 Approve Terms of Appointment for All Mgmt For For For No Existing Directors
Voting Policy Rationale: Given that the amendments are mainly proposed to reflect changes in the relevant laws and regulations and that overall, the amendments would enhance shareholders' rights, a vote FOR these proposals is warranted.
Cummins Inc.
Meeting Date: 05/09/2017 Country: USA Primary Security ID: 231021106 Record Date: 03/07/2017 Meeting Type: Annual Ticker: CMI
Primary CUSIP: 231021106
Shares Voted: 52
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Director N. Thomas Linebarger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Director Robert J. Bernhard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Director Franklin R. Chang Diaz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Director Bruno V. Di Leo Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Director Stephen B. Dobbs Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Director Robert K. Herdman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Director Alexis M. Herman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cummins Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Elect Director Thomas J. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect Director William I. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Director Georgia R. Nelson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
13 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
15 Provide Proxy Access Right Mgmt For For For No
Voting Policy Rationale: This items merits support as it enhances board accountability and shareholder rights of long-term investors.
16 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Danaher Corporation
Meeting Date: 05/09/2017 Country: USA Primary Security ID: 235851102 Record Date: 03/13/2017 Meeting Type: Annual Ticker: DHR
Primary CUSIP: 235851102
Shares Voted: 38
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Donald J. Ehrlich Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Danaher Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Linda Hefner Filler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Robert J. Hugin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Thomas P. Joyce, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Teri List-Stoll Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Walter G. Lohr, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.7 Elect Director Mitchell P. Rales Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Steven M. Rales Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director John T. Schwieters Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Alan G. Spoon Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.11 Elect Director Raymond C. Stevens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Elias A. Zerhouni Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Danaher Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
7 Report on Goals to Reduce Greenhouse Gas SH Against For For Yes Emissions
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to GHG emissions can be improved.
Franco-Nevada Corporation
Meeting Date: 05/09/2017 Country: Canada Primary Security ID: 351858105 Record Date: 03/16/2017 Meeting Type: Annual/Special Ticker: FNV
Primary CUSIP: 351858105
Shares Voted: 119
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Pierre Lassonde Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director David Harquail Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Tom Albanese Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Derek W. Evans Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Graham Farquharson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Catharine Farrow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Louis Gignac Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Franco-Nevada Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.8 Elect Director Randall Oliphant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director David R. Peterson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Kuehne & Nagel International AG
Meeting Date: 05/09/2017 Country: Switzerland Primary Security ID: H4673L145 Record Date: Meeting Type: Annual Ticker: KNIN
Primary CUSIP: H4673L145
Shares Voted: 52
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 5.50 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1a Reelect Renato Fassbind as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1b Reelect Juergen Fitschen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kuehne & Nagel International AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.1c Reelect Karl Gernandt as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1d Reelect Klaus-Michael Kuehne as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1e Reelect Hans Lerch as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1f Reelect Thomas Staehelin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1g Reelect Hauke Stars as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1h Reelect Martin Wittig as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1i Reelect Joerg Wolle as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Reelect Joerg Wolle as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
4.3a Appoint Karl Gernandt as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.3b Appoint Klaus-Michael Kuehne as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.3c Appoint Hans Lerch as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.4 Designate Kurt Gubler as Independent Proxy Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
4.5 Ratify Ernst & Young AG as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.1 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kuehne & Nagel International AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.2 Approve Remuneration of Directors in the Mgmt For For For No Amount of CHF 6 Million
Voting Policy Rationale: A vote FOR this resolution is warranted because the board proposed to reduce total board compensation.
5.3 Approve Remuneration of Executive Mgmt For Against Against Yes Committee in the Amount of CHF 21 Million
Voting Policy Rationale: A vote AGAINST this proposal is warranted because:- For the third consecutive year, the company has proposed a pay envelope for executive management that represents a significant potential increase in remuneration, and the company has not provided an explanation for the proposed increase or sufficient transparency on the parameters of its variable compensation in its compensation disclosures.
6 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
O'Reilly Automotive, Inc.
Meeting Date: 05/09/2017 Country: USA Primary Security ID: 67103H107 Record Date: 02/28/2017 Meeting Type: Annual Ticker: ORLY
Primary CUSIP: 67103H107
Shares Voted: 24
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director David O'Reilly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Charles H. O'Reilly Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1c Elect Director Larry O'Reilly Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1d Elect Director Rosalie O'Reilly Wooten Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1e Elect Director Jay D. Burchfield Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1f Elect Director Thomas T. Hendrickson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
O'Reilly Automotive, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Paul R. Lederer Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1h Elect Director John R. Murphy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Ronald Rashkow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Tractor Supply Company
Meeting Date: 05/09/2017 Country: USA Primary Security ID: 892356106 Record Date: 03/15/2017 Meeting Type: Annual Ticker: TSCO
Primary CUSIP: 892356106
Shares Voted: 71
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Cynthia T. Jamison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Johnston C. Adams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tractor Supply Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Peter D. Bewley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ramkumar Krishnan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director George MacKenzie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Edna K. Morris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Mark J. Weikel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Gregory A. Sandfort Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Alexion Pharmaceuticals, Inc.
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 015351109 Record Date: 03/14/2017 Meeting Type: Annual Ticker: ALXN
Primary CUSIP: 015351109
Shares Voted: 15
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Felix J. Baker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alexion Pharmaceuticals, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director David R. Brennan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director M. Michele Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Christopher J. Coughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Ludwig N. Hantson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director John T. Mollen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director R. Douglas Norby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Alvin S. Parven Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Andreas Rummelt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Ann M. Veneman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Provide For Confidential Running Vote Tallies SH Against Against Against No On Executive Pay Matters
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BAE Systems plc
Meeting Date: 05/10/2017 Country: United Kingdom Primary Security ID: G06940103 Record Date: 05/08/2017 Meeting Type: Annual Ticker: BA.
Primary CUSIP: G06940103
Shares Voted: 917
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
5 Re-elect Sir Roger Carr as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Elizabeth Corley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Jerry DeMuro as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Harriet Green as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Christopher Grigg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Ian King as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Peter Lynas as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Paula Reynolds as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BAE Systems plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
13 Re-elect Nicholas Rose as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Ian Tyler as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Charles Woodburn as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
19 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Barclays plc
Meeting Date: 05/10/2017 Country: United Kingdom Primary Security ID: G08036124 Record Date: 05/08/2017 Meeting Type: Annual Ticker: BARC
Primary CUSIP: G08036124 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barclays plc
Shares Voted: 1,481
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Elect Mary Francis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Sir Ian Cheshire as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Mike Ashley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Tim Breedon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Crawford Gillies as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Sir Gerry Grimstone as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Reuben Jeffery III as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect John McFarlane as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Tushar Morzaria as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Dambisa Moyo as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barclays plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Re-elect Diane Schueneman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect James Staley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Appoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise the Board Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Approve EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
19 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Issue of Equity in Relation to Mgmt For For For No Issuance of Contingent Equity Conversion Notes
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
23 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Relation to the Issuance of Contingent Equity Conversion Notes
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Barclays plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
24 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
25 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
26 Amend Long-Term Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
CVS Health Corporation
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 126650100 Record Date: 03/14/2017 Meeting Type: Annual Ticker: CVS
Primary CUSIP: 126650100
Shares Voted: 116
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Richard M. Bracken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director C. David Brown, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Alecia A. DeCoudreaux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Nancy-Ann M. DeParle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director David W. Dorman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Anne M. Finucane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Larry J. Merlo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
CVS Health Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Jean-Pierre Millon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Mary L. Schapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Richard J. Swift Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director William C. Weldon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Tony L. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
7 Report on Pay Disparity SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Adopt Quantitative Renewable Energy Goals SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to renewable energy are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dominion Resources, Inc.
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 25746U109 Record Date: 03/03/2017 Meeting Type: Annual Ticker: D
Primary CUSIP: 25746U109
Shares Voted: 71
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director William P. Barr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Helen E. Dragas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director James O. Ellis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Thomas F. Farrell, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director John W. Harris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Ronald W. Jibson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Mark J. Kington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Joseph M. Rigby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Pamela J. Royal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Robert H. Spilman, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Susan N. Story Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Michael E. Szymanczyk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dominion Resources, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Change Company Name to Dominion Energy, Mgmt For For For No Inc.
6 Report on Lobbying Payments and Policy SH Against Abstain Abstain Yes
Voting Policy Rationale: SSGA is abstaining on the proposal as the board's oversight of its lobbying activities is broadly in line with market standard but could be enhanced.
7 Require Director Nominee with Environmental SH Against Against Against No Experience
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Assess Portfolio Impacts of Policies to Meet 2 SH Against For For Yes Degree Scenario
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
9 Report on Methane Emissions Management SH Against Against Against No and Reduction Targets
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to GHG emissions are reasonable.
E.ON SE
Meeting Date: 05/10/2017 Country: Germany Primary Security ID: D24914133 Record Date: Meeting Type: Annual Ticker: EOAN
Primary CUSIP: D24914133
Shares Voted: 192
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 0.21 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
E.ON SE Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5.1 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Fiscal 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.2 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Half-Year and Quarterly Reports 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.3 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for the First Quarter of Fiscal 2018
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Change Location of Registered Office to Mgmt For For For No Essen, Germany
Voting Policy Rationale: A vote FOR this proposal is warranted.
7.1 Approve Affiliation Agreement with Subsidiary Mgmt For For For No E.ON Gruga Geschaeftsfuehrungsgesellschaft mbH
Voting Policy Rationale: Votes FOR these proposals are warranted.
7.2 Approve Affiliation Agreement with Subsidiary Mgmt For For For No E.ON Fuenfundzwanzigste Verwaltungs GmbH
Voting Policy Rationale: Votes FOR these proposals are warranted.
8 Approve Creation of EUR 460 Million Pool of Mgmt For For For No Capital with Partial Exclusion of Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9 Approve Issuance of Warrants/Bonds with Mgmt For For For No Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR 175 Million Pool of Capital to Guarantee Conversion Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
E.ON SE Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Authorize Share Repurchase Program and Mgmt For For For No Reissuance or Cancellation of Repurchased Shares and Use of Financial Derivatives when Repurchasing Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Gilead Sciences, Inc.
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 375558103 Record Date: 03/16/2017 Meeting Type: Annual Ticker: GILD
Primary CUSIP: 375558103
Shares Voted: 267
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director John F. Cogan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Kelly A. Kramer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Kevin E. Lofton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John C. Martin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director John F. Milligan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Nicholas G. Moore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Richard J. Whitley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Gayle E. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Per Wold-Olsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Gilead Sciences, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
H & M Hennes & Mauritz
Meeting Date: 05/10/2017 Country: Sweden Primary Security ID: W41422101 Record Date: 05/04/2017 Meeting Type: Annual Ticker: HM B
Primary CUSIP: W41422101
Shares Voted: 221
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Open Meeting Mgmt
2 Elect Chairman of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Receive President's Report Mgmt
4 Prepare and Approve List of Shareholders Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Agenda of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H & M Hennes & Mauritz Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7 Acknowledge Proper Convening of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
8a Receive Financial Statements and Statutory Mgmt Reports
8b Receive Auditor's Statement, and Statement Mgmt By Chairman of Audit Committee
8c Receive Board's Report Mgmt
8d Receive Nominating Committee's Report Mgmt
9a Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
9b Approve Allocation of Income and Dividends Mgmt For For For No of SEK 9.75 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
9c Approve Discharge of Board and President Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
10 Determine Number of Members (7) and Mgmt For For For No Deputy Members (0) of Board; Determine Number of Auditors (1) and Deputy Auditors (0)
Voting Policy Rationale: A vote FOR this proposal is warranted because of a lack of controversy concerning the size of the board or the number of auditors.
11 Approve Remuneration of Directors in the Mgmt For For For No Amount of SEK 1.7 Million for Chairman, and SEK 600,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
12.1 Reelect Stina Bergfors as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12.2 Reelect Anders Dahlvig as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12.3 Reelect Lena Patriksson Keller as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H & M Hennes & Mauritz Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
12.4 Reelect Stefan Persson (Chairman) as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12.5 Reelect Christian Sievert as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12.6 Reelect Erica Wiking Häger as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12.7 Reelect Niklas Zennström as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Ratify Ernst & Young as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Authorize Chairman of Board and Mgmt For Against Against Yes Representatives of Four of Company's Largest Shareholders to Serve on Nominating Committee
Voting Policy Rationale: SSGA has concerns with the director nominee and/or their oversight of the company.
15 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposals Submitted by Thorwald Mgmt Arvidsson
16.1 Adopt a Zero Vision Regarding Anorexia SH None Against Against No Within the Industry
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.2 Instruct the Board to Appoint a Working SH None Against Against No Group to Realize This Zero Vision on Anorexia
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
16.3 Instruct the Board to Yearly Report to the SH None Against Against No AGM in Writing the Progress Concerning Anorexia Within the Industry
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.4 Adopt a Vision for Absolute Gender Equality SH None Against Against No on All Levels Within the Company
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H & M Hennes & Mauritz Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16.5 Instruct the Board to Set Up a Working Group SH None Against Against No Concerning Gender and Ethnicity Diversification Within the Company
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
16.6 Require the Results from the Working Group SH None Against Against No Concerning Item 16.5 to be Reported to the AGM
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to EEO are reasonable.
16.7 Request Board to Take Necessary Action to SH None Against Against No Create a Shareholders' Association
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.8 Prohibit Directors from Being Able to Invoice SH None Against Against No Director's Fees via Swedish and Foreign Legal Entities
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.9 Request Board to Propose to the Swedish SH None Against Against No Government to Draw Attention to the Need for a Change in the Rules in the Area Regarding Invoicing
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.10 Instruct the Nomination Committee to Pay SH None Against Against No Extra Attention to Questions Concerning Ethics, Gender, and Ethnicity
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
16.11 Request Board to Propose to the Swedish SH None Against Against No Government to Draw Attention to the Need for Introducing a "Politician Quarantine"
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
16.12 Instruct the Board to Prepare a Proposal for SH None Against Against No the Representation of Small- and Midsized Shareholders in the Board and Nomination Committee
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
16.13 Instruct the Board to Propose to the Swedish SH None Against Against No Government to Draw Attention to Need of Abolishment of Law Allowing Possibility of So-Called Graduated Voting Rights
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H & M Hennes & Mauritz Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17.1 Amend Articles of Association: Both Class A SH None For For No Shares and Class B Shares are Entitled to One Vote Each
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
17.2 Amend Articles Re: Former Politicians on the SH None Against Against No Board of Directors
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
18 Close Meeting Mgmt
ITV plc
Meeting Date: 05/10/2017 Country: United Kingdom Primary Security ID: G4984A110 Record Date: 05/08/2017 Meeting Type: Annual Ticker: ITV
Primary CUSIP: G4984A110
Shares Voted: 1,294
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Approve Special Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Elect Salman Amin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Peter Bazalgette as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ITV plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Re-elect Adam Crozier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Roger Faxon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Ian Griffiths as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Mary Harris as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Andy Haste as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Anna Manz as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect John Ormerod as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ITV plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
22 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Sanofi
Meeting Date: 05/10/2017 Country: France Primary Security ID: F5548N101 Record Date: 05/05/2017 Meeting Type: Annual/Special Ticker: SAN
Primary CUSIP: F5548N101
Shares Voted: 46
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.96 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Auditors' Special Report on New Mgmt For For For No Related-Party Transactions
Voting Policy Rationale: A vote FOR the remuneration policy is warranted but not without any concerns on:- There is a potential disconnection between the performance period and reference remuneration in application of the additional pension scheme.The main reasons for support are:- The introduction of performance criteria attached to the pension scheme plan.
5 Approve Remuneration of Directors in the Mgmt For For For No Aggregate Amount of EUR 1.750 Million
Voting Policy Rationale: A vote FOR is warranted since the proposed amount remains in line with French market practices. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sanofi Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Reelect Fabienne Lecorvaisier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Bernard Charles as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Melanie Lee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Approve Remuneration Policy for Chairman of Mgmt For For For No the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Approve Remuneration Policy for CEO Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Non-Binding Vote on Compensation of Serge Mgmt For For For No Weinberg, Chairman of the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Non-Binding Vote on Compensation of Olivier Mgmt For For For No Brandicourt, CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
13 Renew Appointment of Mgmt For For For No PricewaterhouseCoopers Audit as Auditor
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
14 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Extraordinary Business Mgmt
15 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1.289 Billion
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 240 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sanofi Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities for Private Placements, up to Aggregate Nominal Amount of EUR 240 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Approve Issuance of Debt Securities Giving Mgmt For For For No Access to New Shares of Subsidiaries and/or Existing Shares and/or Debt Securities, up to Aggregate Amount of EUR 7 Billion
Voting Policy Rationale: The gearing ratio is 26% which is within the acceptable threshold for the company's sector in this market. This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorize Board to Increase Capital in the Mgmt For For For No Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorize Capital Increase of up to 10 Percent Mgmt For For For No of Issued Capital for Contributions in Kind
Voting Policy Rationale: Votes FOR these authorizations are warranted as their proposed volumes respect the recommended guidelines for issuances with and without preemptive rights.
21 Authorize Capitalization of Reserves of Up to Mgmt For For For No EUR 500 Million for Bonus Issue or Increase in Par Value
Voting Policy Rationale: A vote FOR is warranted since this potential transfer of wealth is in shareholders' interests.
22 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
23 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
24 Amend Article 11 of Bylaws Re: Board of Mgmt For For For No Directors
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
25 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SAP SE
Meeting Date: 05/10/2017 Country: Germany Primary Security ID: D66992104 Record Date: 04/18/2017 Meeting Type: Annual Ticker: SAP
Primary CUSIP: D66992104
Shares Voted: 51
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.25 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Silver Wheaton Corp.
Meeting Date: 05/10/2017 Country: Canada Primary Security ID: 828336107 Record Date: 03/21/2017 Meeting Type: Annual/Special Ticker: SLW
Primary CUSIP: 828336107
Shares Voted: 316
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
a1 Elect Director George L. Brack Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a2 Elect Director John A. Brough Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a3 Elect Director R. Peter Gillin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Silver Wheaton Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
a4 Elect Director Chantal Gosselin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a5 Elect Director Douglas M. Holtby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a6 Elect Director Charles A. Jeannes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a7 Elect Director Eduardo Luna Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
a8 Elect Director Randy V. J. Smallwood Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
b Approve Deloitte LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
c Change Company Name to Wheaton Precious Mgmt For For For No Metals Corp.
Voting Policy Rationale: Vote FOR the proposed name change as the new name will better identify the company with its primary businesses and activities.
d Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Simon Property Group, Inc.
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 828806109 Record Date: 03/15/2017 Meeting Type: Annual Ticker: SPG
Primary CUSIP: 828806109
Shares Voted: 24
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Glyn F. Aeppel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Larry C. Glasscock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Simon Property Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Karen N. Horn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Allan Hubbard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Reuben S. Leibowitz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Gary M. Rodkin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Daniel C. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director J. Albert Smith, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Skyworks Solutions, Inc.
Meeting Date: 05/10/2017 Country: USA Primary Security ID: 83088M102 Record Date: 03/16/2017 Meeting Type: Annual Ticker: SWKS
Primary CUSIP: 83088M102
Shares Voted: 22
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director David J. Aldrich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Skyworks Solutions, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Kevin L. Beebe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Timothy R. Furey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Liam K. Griffin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Balakrishnan S. Iyer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Christine King Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director David P. McGlade Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director David J. McLachlan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Robert A. Schriesheim Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Bayerische Motoren Werke AG (BMW)
Meeting Date: 05/11/2017 Country: Germany Primary Security ID: D12096109 Record Date: 04/19/2017 Meeting Type: Annual Ticker: BMW
Primary CUSIP: D12096109 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bayerische Motoren Werke AG (BMW)
Shares Voted: 80
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 3.52 per Preferred Share and EUR 3.50 per Ordinary Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Elect Heinrich Hiesinger to the Supervisory Mgmt For Against Against Yes Board
Voting Policy Rationale: SSGA does not support the election of the nominee as the proposed length of the nominee's term of appointment exceeds 4 years.
C.H. Robinson Worldwide, Inc.
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 12541W209 Record Date: 03/15/2017 Meeting Type: Annual Ticker: CHRW
Primary CUSIP: 12541W209
Shares Voted: 58
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Scott P. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Robert Ezrilov Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Wayne M. Fortun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
C.H. Robinson Worldwide, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Mary J. Steele Guilfoile Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Jodee A. Kozlak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Brian P. Short Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director James B. Stake Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director John P. Wiehoff Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 ***Withdrawn Resolution*** Report on SH Greenhouse Gas Emissions Disclosure
Cheung Kong Property Holdings Ltd.
Meeting Date: 05/11/2017 Country: Cayman Islands Primary Security ID: G2103F101 Record Date: 05/05/2017 Meeting Type: Annual Ticker: 1113
Primary CUSIP: N/A
Shares Voted: 343
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Cheung Kong Property Holdings Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Elect Li Tzar Kuoi, Victor as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Kam Hing Lam as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.3 Elect Chung Sun Keung, Davy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Cheong Ying Chew, Henry as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Colin Stevens Russel as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Donald Jeffrey Roberts as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve Deloitte Touche Tohmatsu as Auditor Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.1 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
5.2 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5.3 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
CK Hutchison Holdings Limited
Meeting Date: 05/11/2017 Country: Cayman Islands Primary Security ID: G21765105 Record Date: 05/05/2017 Meeting Type: Annual Ticker: 1
Primary CUSIP: Y13213106 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
CK Hutchison Holdings Limited
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Elect Kam Hing Lam as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3b Elect Edith Shih as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3c Elect Chow Kun Chee, Roland as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3d Elect Chow Woo Mo Fong, Susan as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3e Elect Cheng Hoi Chuen, Vincent as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3f Elect Lee Wai Mun, Rose as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3g Elect William Shurniak as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3h Elect Wong Chung Hin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve Auditor and Authorize Board to Fix Mgmt For For For No Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5.1 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
CK Hutchison Holdings Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.2 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5.3 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
Edwards Lifesciences Corporation
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 28176E108 Record Date: 03/17/2017 Meeting Type: Annual Ticker: EW
Primary CUSIP: 28176E108
Shares Voted: 41
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael A. Mussallem Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Kieran T. Gallahue Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Leslie S. Heisz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William J. Link Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Steven R. Loranger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Martha H. Marsh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Wesley W. von Schack Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Nicholas J. Valeriani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Edwards Lifesciences Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Enbridge Inc.
Meeting Date: 05/11/2017 Country: Canada Primary Security ID: 29250N105 Record Date: 03/23/2017 Meeting Type: Annual Ticker: ENB
Primary CUSIP: 29250N105
Shares Voted: 185
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Pamela L. Carter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Clarence P. Cazalot, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Marcel R. Coutu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Gregory L. Ebel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director J. Herb England Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Enbridge Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Charles W. Fischer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director V. Maureen Kempston Darkes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Michael McShane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Al Monaco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Michael E.J. Phelps Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Rebecca B. Roberts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Dan C. Tutcher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Catherine L. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Shareholder Rights Plan Mgmt For For For No
Voting Policy Rationale: Vote FOR the shareholder rights plan because it is a "new generation" plan that is structured to protect the interests of shareholders in the event of a bid for their shares.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Shareholder Proposal Mgmt
5 Prepare a Report Detailing Due Diligence SH Against Against Against No Process to Identify And Address Social And Environmental Risks When Reviewing Potential Acquisitions
Voting Policy Rationale: This proposal does not merit support as the company's disclosures of environmental policies are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Express Scripts Holding Company
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 30219G108 Record Date: 03/13/2017 Meeting Type: Annual Ticker: ESRX
Primary CUSIP: 30219G108
Shares Voted: 50
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Maura C. Breen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director William J. DeLaney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Elder Granger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Nicholas J. LaHowchic Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Thomas P. Mac Mahon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Frank Mergenthaler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Woodrow A. Myers, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Roderick A. Palmore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director George Paz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director William L. Roper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Seymour Sternberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Timothy Wentworth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Express Scripts Holding Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Ford Motor Company
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 345370860 Record Date: 03/15/2017 Meeting Type: Annual Ticker: F
Primary CUSIP: 345370860
Shares Voted: 277
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Stephen G. Butler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Kimberly A. Casiano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Anthony F. Earley, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Mark Fields Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Edsel B. Ford, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ford Motor Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director William Clay Ford, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director William W. Helman, IV Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Jon M. Huntsman, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director William E. Kennard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John C. Lechleiter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Ellen R. Marram Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director John L. Thornton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Lynn M. Vojvodich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director John S. Weinberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Recapitalization Plan for all Stock to SH Against For For Yes Have One-vote per Share
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
6 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
GPT Group
Meeting Date: 05/11/2017 Country: Australia Primary Security ID: Q4252X155 Record Date: 05/09/2017 Meeting Type: Annual Ticker: GPT
Primary CUSIP: Q4252X106
Shares Voted: 505
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Gene Tilbrook as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
2 Approve the Adoption of Remuneration Mgmt For For For No Report
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Grant of Performance Rights to Mgmt For For For No Robert Johnston (2017 Deferred Short Term Incentive)
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Approve Grant of Performance Rights to Mgmt For For For No Robert Johnston (Long Term Incentive)
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Magna International Inc.
Meeting Date: 05/11/2017 Country: Canada Primary Security ID: 559222401 Record Date: 03/24/2017 Meeting Type: Annual Ticker: MG
Primary CUSIP: 559222401
Shares Voted: 95
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Scott B. Bonham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Peter G. Bowie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Barbara Judge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Magna International Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Kurt J. Lauk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Cynthia A. Niekamp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William A. Ruh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Indira V. Samarasekera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Donald J. Walker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Lawrence D. Worrall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director William L. Young Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Deloitte LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Statoil ASA
Meeting Date: 05/11/2017 Country: Norway Primary Security ID: R8413J103 Record Date: Meeting Type: Annual Ticker: STL
Primary CUSIP: R4446E112
Shares Voted: 464
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Open Meeting Mgmt
Voting Policy Rationale: This is a non-voting item. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Statoil ASA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Registration of Attending Shareholders and Mgmt Proxies
Voting Policy Rationale: This is a non-voting item.
3 Elect Chairman of Meeting; Designate Mgmt For For For No Inspector(s) of Minutes of Meeting
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Notice of Meeting and Agenda Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Designate Inspector(s) of Minutes of Meeting Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Accept Financial Statements and Statutory Mgmt For For For No Reports; Approve Allocation of Income and Dividends of USD 0.22 Per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
7 Authorize Board to Distribute Quarterly Mgmt For For For No Dividends
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
8a Approve Creation of Pool of Capital with Mgmt For For For No Preemptive Rights in Connection with Payment of Dividend for Fourth Quarter 2016
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8b Approve Creation of Pool of Capital with Mgmt For For For No Preemptive Rights in Connection With Payment of Dividend for First Quarter to Third Quarter 2017
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Shareholder Proposals Mgmt
9 Abstain from Drilling Exploration Wells in the SH Against Against Against No Barents Sea
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
10 Discontinuation of Exploration Activities and SH Against Against Against No Test Drilling for Fossil Energy Resources
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Statoil ASA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Mandate the Board to Appoint new Chief SH Against Against Against No Geologist and Mandate to Reinstate Updated Versions of Pre-Merger Actuarial Based Risk Management Processes
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Management Proposals Mgmt
12 Approve Company's Corporate Governance Mgmt For For For No Statement
Voting Policy Rationale: A vote FOR this item is warranted, as it concerns the presentation of a routine report.
13.1 Approve Remuneration Policy And Other Mgmt For For For No Terms of Employment For Executive Management (Advisory)
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
13.2 Approve Remuneration Linked to Mgmt For For For No Development of Share Price (Binding)
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
14 Approve Remuneration of Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
15 Approve Remuneration of Corporate Mgmt For For For No Assembly in the Amount of NOK 122,400 for Chairman, NOK 64,500 for Deputy Chair, NOK 45,300 for Other Members and NOK 6,450 Per Meeting for Deputy Members
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
16 Approve Remuneration of Nominating Mgmt For For For No Committee in the Amount of NOK 12,150 Per Meeting for Chair and NOK 9,000 Per Meeting for Members
Voting Policy Rationale: A vote FOR this remuneration proposal is warranted because of a lack of concern regarding the proposed fees.
17 Approve Equity Plan Financing Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
18 Authorize Share Repurchase Program and Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
19 Miscellaneous Proposal: Marketing Mgmt For For For No Instructions
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Dow Chemical Company
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 260543103 Record Date: 03/15/2017 Meeting Type: Annual Ticker: DOW
Primary CUSIP: 260543103
Shares Voted: 84
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Ajay Banga Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jacqueline K. Barton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director James A. Bell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Richard K. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Jeff M. Fettig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Andrew N. Liveris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Mark Loughridge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Raymond J. Milchovich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert S. (Steve) Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Paul Polman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Dennis H. Reilley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director James M. Ringler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Dow Chemical Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1m Elect Director Ruth G. Shaw Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
UDR, Inc.
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 902653104 Record Date: 03/20/2017 Meeting Type: Annual Ticker: UDR
Primary CUSIP: 902653104
Shares Voted: 132
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Katherine A. Cattanach Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Robert P. Freeman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jon A. Grove Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Mary Ann King Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director James D. Klingbeil Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Clint D. McDonnough Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UDR, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Robert A. McNamara Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Mark R. Patterson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Lynne B. Sagalyn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Thomas W. Toomey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Union Pacific Corporation
Meeting Date: 05/11/2017 Country: USA Primary Security ID: 907818108 Record Date: 03/10/2017 Meeting Type: Annual Ticker: UNP
Primary CUSIP: 907818108
Shares Voted: 162
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Andrew H. Card, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Erroll B. Davis, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director David B. Dillon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Union Pacific Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Lance M. Fritz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Deborah C. Hopkins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Jane H. Lute Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Michael R. McCarthy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Michael W. McConnell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Thomas F. McLarty, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Steven R. Rogel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Jose H. Villarreal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
BASF SE
Meeting Date: 05/12/2017 Country: Germany Primary Security ID: D06216317 Record Date: Meeting Type: Annual Ticker: BAS
Primary CUSIP: D06216101 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BASF SE
Shares Voted: 76
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 3.00 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Authorize Share Repurchase Program and Mgmt For For For No Reissuance or Cancellation of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Approve Issuance of Warrants/Bonds with Mgmt For For For No Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 10 Billion; Approve Creation of EUR 117.6 Million Pool of Capital to Guarantee Conversion Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Approve Remuneration of Supervisory Board Mgmt For For For No
Voting Policy Rationale: A vote FOR the proposed change in the remuneration schedule for supervisory board members is warranted.
Camden Property Trust
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 133131102 Record Date: 03/15/2017 Meeting Type: Annual Ticker: CPT
Primary CUSIP: 133131102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Camden Property Trust
Shares Voted: 36
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Richard J. Campo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Heather J. Brunner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Scott S. Ingraham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Renu Khator Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director William B. McGuire, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director D. Keith Oden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director William F. Paulsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Frances Aldrich Sevilla-Sacasa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Steven A. Webster Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Kelvin R. Westbrook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Colgate-Palmolive Company
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 194162103 Record Date: 03/13/2017 Meeting Type: Annual Ticker: CL
Primary CUSIP: 194162103
Shares Voted: 82
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Charles A. Bancroft Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John P. Bilbrey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John T. Cahill Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Ian Cook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Helene D. Gayle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Ellen M. Hancock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director C. Martin Harris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Lorrie M. Norrington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Michael B. Polk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Stephen I. Sadove Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Colgate-Palmolive Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Engie
Meeting Date: 05/12/2017 Country: France Primary Security ID: F7629A107 Record Date: 05/09/2017 Meeting Type: Annual/Special Ticker: ENGI
Primary CUSIP: F42768105
Shares Voted: 445
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1 per Share and an Extra of EUR 0.10 per Share to Long Term Registered Shares
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Auditors' Special Report on Mgmt For For For No Related-Party Transactions Regarding New Transactions; Acknowledge Ongoing Transactions
Voting Policy Rationale: Votes FOR these proposals are warranted because the information disclosed in the auditors' special report does not give raise to any concerns.
5 Approve Additional Pension Scheme Mgmt For For For No Agreement with Isabelle Kocher, CEO
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Engie Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Ratify Appointment of Patrice Durand as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Christophe Aubert as Representative of Mgmt None For For No Employee Shareholders to the Board
Voting Policy Rationale: A vote FOR the election of the employee shareholder representative under Item 8 is warranted given the satisfactory level of board independence and because it is the candidate representing the plan that owns the highest number of Engie shares (given the alternative nature of the proposals under Items 8 and 9).
9 Elect Ton Willems as Representative of Mgmt None Against Against No Employee Shareholders to the Board
Voting Policy Rationale: A vote AGAINST the election of the employee shareholder representative under Item 9 is warranted because it is the candidate representing the plan that owns the lowest number of Engie shares (given the alternative nature of the proposals under Items 8 and 9).
10 Non-Binding Vote on Compensation of Gerard Mgmt For For For No Mestrallet, Chairman and CEO until May 3, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Non-Binding Vote on Compensation of Mgmt For For For No Isabelle Kocher, Vice CEO until May 3, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Non-Binding Vote on Compensation of Mgmt For For For No Isabelle Kocher, CEO since May 3, 2016
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
13 Approve Remuneration Policy of Executive Mgmt For For For No Officers
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Extraordinary Business Mgmt
14 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
15 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans for Employees of International Subsidiaries
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Engie Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16 Authorize up to 0.75 Percent of Issued Capital Mgmt For For For No for Use in Restricted Stock Plans
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17 Authorize up to 0.75 Percent of Issued Capital Mgmt For For For No for Use in Restricted Stock Plans
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
18 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Hang Seng Bank
Meeting Date: 05/12/2017 Country: Hong Kong Primary Security ID: Y30327103 Record Date: 05/08/2017 Meeting Type: Annual Ticker: 11
Primary CUSIP: Y30327103
Shares Voted: 400
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2a Elect Raymond K F Ch'ien as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2b Elect Nixon L S Chan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2c Elect L Y Chiang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2d Elect Sarah C Legg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2e Elect Kenneth S Y Ng as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hang Seng Bank Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2f Elect Michael W K Wu as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Authorize Board to Fix Remuneration of Mgmt For For For No Directors
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
4 Approve PricewaterhouseCoopers as Auditors Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
Occidental Petroleum Corporation
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 674599105 Record Date: 03/14/2017 Meeting Type: Annual Ticker: OXY
Primary CUSIP: 674599105
Shares Voted: 106
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Spencer Abraham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Howard I. Atkins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Eugene L. Batchelder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John E. Feick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Occidental Petroleum Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Margaret M. Foran Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Carlos M. Gutierrez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Vicki Hollub Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director William R. Klesse Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Jack B. Moore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Avedick B. Poladian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Elisse B. Walter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Assess Portfolio Impacts of Policies to Meet 2 SH Against For For Yes Degree Scenario
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
6 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support due to concerns with the proposal.
7 Report on Methane Emissions and Flaring SH Against Abstain Abstain Yes Targets
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to GHG emissions are broadly in line with market standard but could be enhanced. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Occidental Petroleum Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Report on Political Contributions and SH Against Against Against No Expenditures
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to political contributions are reasonable.
Republic Services, Inc.
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 760759100 Record Date: 03/15/2017 Meeting Type: Annual Ticker: RSG
Primary CUSIP: 760759100
Shares Voted: 170
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Manuel Kadre Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Tomago Collins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director William J. Flynn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Thomas W. Handley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Jennifer M. Kirk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Michael Larson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Ramon A. Rodriguez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Donald W. Slager Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director John M. Trani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Republic Services, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Sandra M. Volpe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Sempra Energy
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 816851109 Record Date: 03/17/2017 Meeting Type: Annual Ticker: SRE
Primary CUSIP: 816851109
Shares Voted: 34
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Alan L. Boeckmann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Kathleen L. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Andres Conesa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Maria Contreras-Sweet Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Pablo A. Ferrero Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William D. Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sempra Energy Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Bethany J. Mayer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director William G. Ouchi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Debra L. Reed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director William C. Rusnack Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Lynn Schenk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Jack T. Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director James C. Yardley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
The Progressive Corporation
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 743315103 Record Date: 03/17/2017 Meeting Type: Annual Ticker: PGR
Primary CUSIP: 743315103
Shares Voted: 164
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Stuart B. Burgdoerfer Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Progressive Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Charles A. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Roger N. Farah Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Lawton W. Fitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Susan Patricia Griffith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Jeffrey D. Kelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Patrick H. Nettles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Glenn M. Renwick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Bradley T. Sheares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Barbara R. Snyder Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
3 Approve Non-Employee Director Omnibus Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Progressive Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Waste Management, Inc.
Meeting Date: 05/12/2017 Country: USA Primary Security ID: 94106L109 Record Date: 03/15/2017 Meeting Type: Annual Ticker: WM
Primary CUSIP: 94106L109
Shares Voted: 60
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Bradbury H. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Frank M. Clark, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director James C. Fish, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Andres R. Gluski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Patrick W. Gross Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Victoria M. Holt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Kathleen M. Mazzarella Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director John C. Pope Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Thomas H. Weidemeyer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Waste Management, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Pro-rata Vesting of Equity Awards SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Consolidated Edison, Inc.
Meeting Date: 05/15/2017 Country: USA Primary Security ID: 209115104 Record Date: 03/21/2017 Meeting Type: Annual Ticker: ED
Primary CUSIP: 209115104
Shares Voted: 109
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Vincent A. Calarco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director George Campbell, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Michael J. Del Giudice Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Ellen V. Futter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director John F. Killian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director John McAvoy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Consolidated Edison, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Armando J. Olivera Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Michael W. Ranger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Linda S. Sanford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director L. Frederick Sutherland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Markel Corporation
Meeting Date: 05/15/2017 Country: USA Primary Security ID: 570535104 Record Date: 03/07/2017 Meeting Type: Annual Ticker: MKL
Primary CUSIP: 570535104
Shares Voted: 7
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director J. Alfred Broaddus, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director K. Bruce Connell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Douglas C. Eby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Markel Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Thomas S. Gayner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Stewart M. Kasen Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.6 Elect Director Alan I. Kirshner Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.7 Elect Director Lemuel E. Lewis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Anthony F. Markel Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.9 Elect Director Steven A. Markel Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.10 Elect Director Darrell D. Martin Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.11 Elect Director Michael O'Reilly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Michael J. Schewel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Jay M. Weinberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.14 Elect Director Richard R. Whitt, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.15 Elect Director Debora J. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Markel Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Motorola Solutions, Inc.
Meeting Date: 05/15/2017 Country: USA Primary Security ID: 620076307 Record Date: 03/17/2017 Meeting Type: Annual Ticker: MSI
Primary CUSIP: 620076307
Shares Voted: 58
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gregory Q. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Kenneth D. Denman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Egon P. Durban Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Clayton M. Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Judy C. Lewent Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Gregory K. Mondre Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Anne R. Pramaggiore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Samuel C. Scott, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Joseph M. Tucci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Motorola Solutions, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
6 Report on Efforts to Ensure Supply Chain Has SH Against Against Against No No Forced Labor
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to human rights are reasonable.
ConocoPhillips
Meeting Date: 05/16/2017 Country: USA Primary Security ID: 20825C104 Record Date: 03/20/2017 Meeting Type: Annual Ticker: COP
Primary CUSIP: 20825C104
Shares Voted: 88
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Richard L. Armitage Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Richard H. Auchinleck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Charles E. Bunch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John V. Faraci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Jody L. Freeman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
ConocoPhillips Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Gay Huey Evans Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Ryan M. Lance Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Arjun N. Murti Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert A. Niblock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Harald J. Norvik Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
4 Advisory Vote on Say on Pay Frequency Mgmt None One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Report on Executive Compensation Incentives SH Against Against Against No Aligned with Low Carbon Scenarios
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Essex Property Trust, Inc.
Meeting Date: 05/16/2017 Country: USA Primary Security ID: 297178105 Record Date: 02/28/2017 Meeting Type: Annual Ticker: ESS
Primary CUSIP: 297178105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Essex Property Trust, Inc.
Shares Voted: 20
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Keith R. Guericke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Irving F. Lyons, III Mgmt For Refer Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.SSGA is withholding support due to concerns with the actions and oversight function of the board.
1.3 Elect Director George M. Marcus Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Gary P. Martin Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.5 Elect Director Issie N. Rabinovitch Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.6 Elect Director Thomas E. Robinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Michael J. Schall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Byron A. Scordelis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Janice L. Sears Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
JPMorgan Chase & Co.
Meeting Date: 05/16/2017 Country: USA Primary Security ID: 46625H100 Record Date: 03/17/2017 Meeting Type: Annual Ticker: JPM
Primary CUSIP: 46625H100
Shares Voted: 303
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Linda B. Bammann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director James A. Bell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Crandall C. Bowles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Stephen B. Burke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Todd A. Combs Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director James S. Crown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director James Dimon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Timothy P. Flynn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Laban P. Jackson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Michael A. Neal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Lee R. Raymond Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director William C. Weldon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
JPMorgan Chase & Co. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Require Independent Board Chairman SH Against Abstain Abstain Yes
Voting Policy Rationale: SSgA abstains on this proposal.
6 Prohibit Accelerated Vesting of Awards to SH Against Against Against No Pursue Government Service
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Clawback Amendment SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
9 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
10 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call a Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Nordstrom, Inc.
Meeting Date: 05/16/2017 Country: USA Primary Security ID: 655664100 Record Date: 03/07/2017 Meeting Type: Annual Ticker: JWN
Primary CUSIP: 655664100
Shares Voted: 31
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Shellye L. Archambeau Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nordstrom, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Stacy Brown-Philpot Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Tanya L. Domier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Blake W. Nordstrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Erik B. Nordstrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Peter E. Nordstrom Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Philip G. Satre Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Brad D. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Gordon A. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Bradley D. Tilden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director B. Kevin Turner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Robert D. Walter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nordstrom, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Amend Omnibus Stock Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines.
Realty Income Corporation
Meeting Date: 05/16/2017 Country: USA Primary Security ID: 756109104 Record Date: 03/09/2017 Meeting Type: Annual Ticker: O
Primary CUSIP: 756109104
Shares Voted: 120
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Kathleen R. Allen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John P. Case Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director A. Larry Chapman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Priya Cherian Huskins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Michael D. McKee Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Gregory T. McLaughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Ronald L. Merriman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Stephen E. Sterrett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Realty Income Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
BP plc
Meeting Date: 05/17/2017 Country: United Kingdom Primary Security ID: G12793108 Record Date: 05/15/2017 Meeting Type: Annual Ticker: BP.
Primary CUSIP: G12793108
Shares Voted: 2,014
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Re-elect Bob Dudley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Dr Brian Gilvary as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Nils Andersen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Paul Anderson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Alan Boeckmann as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BP plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Re-elect Frank Bowman as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Ian Davis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Dame Ann Dowling as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Elect Melody Meyer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Brendan Nelson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Paula Reynolds as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Sir John Sawers as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Re-elect Carl-Henric Svanberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Reappoint Ernst & Young LLP as Auditors and Mgmt For For For No Authorise Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
19 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BP plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
21 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Deutsche Boerse AG
Meeting Date: 05/17/2017 Country: Germany Primary Security ID: D1882G119 Record Date: Meeting Type: Annual Ticker: DB1
Primary CUSIP: D1882G119
Shares Voted: 61
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.35 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Authorize Share Repurchase Program and Mgmt For For For No Reissuance or Cancellation of Repurchased Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Deutsche Boerse AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Authorize Use of Financial Derivatives when Mgmt For For For No Repurchasing Shares
Voting Policy Rationale: A vote FOR the use of financial derivatives when repurchasing shares is warranted.
7 Approve Creation of EUR 6 Million Pool of Mgmt For For For No Capital with Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Ratify KPMG AG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Gap Inc.
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 364760108 Record Date: 03/20/2017 Meeting Type: Annual Ticker: GPS
Primary CUSIP: 364760108
Shares Voted: 52
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Robert J. Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director William S. Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Tracy Gardner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Brian Goldner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Isabella D. Goren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Bob L. Martin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Jorge P. Montoya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Gap Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Arthur Peck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Mayo A. Shattuck, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Katherine Tsang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Adopt Guidelines for Country Selection SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to operations in high risk countries are reasonable.
Halliburton Company
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 406216101 Record Date: 03/20/2017 Meeting Type: Annual Ticker: HAL
Primary CUSIP: 406216101
Shares Voted: 231
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Abdulaziz F. Al Khayyal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director William E. Albrecht Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Halliburton Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Alan M. Bennett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director James R. Boyd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Milton Carroll Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Nance K. Dicciani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Murry S. Gerber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Jose C. Grubisich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director David J. Lesar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Robert A. Malone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director J. Landis Martin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Jeffrey A. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Debra L. Reed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Halliburton Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mondelez International, Inc.
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 609207105 Record Date: 03/08/2017 Meeting Type: Annual Ticker: MDLZ
Primary CUSIP: 609207105
Shares Voted: 98
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lewis W.K. Booth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Charles E. Bunch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Lois D. Juliber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Mark D. Ketchum Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Jorge S. Mesquita Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Joseph Neubauer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Nelson Peltz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Fredric G. Reynolds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Irene B. Rosenfeld Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mondelez International, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Christiana S. Shi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Patrick T. Siewert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Ruth J. Simmons Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Jean-Francois M. L. van Mgmt For For For No Boxmeer
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Assess Environmental Impact of SH Against Against Against No Non-Recyclable Packaging
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to recycling are reasonable.
6 Create a Committee to Prepare a Report SH Against Against Against No Regarding the Impact of Plant Closures on Communities and Alternatives
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
MTR Corporation Ltd
Meeting Date: 05/17/2017 Country: Hong Kong Primary Security ID: Y6146T101 Record Date: 05/10/2017 Meeting Type: Annual Ticker: 66
Primary CUSIP: Y6146T101 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
MTR Corporation Ltd
Shares Voted: 1,022
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Elect Frederick Ma Si-hang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3b Elect Pamela Chan Wong Shui as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3c Elect Dorothy Chan Yuen Tak-fai as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3d Elect Alasdair George Morrison as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3e Elect Abraham Shek Lai-him as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Andrew Clifford Winawer Brandler as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Zhou Yuan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Approve KPMG as Auditors and Authorize Mgmt For For For No Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
8 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
National Oilwell Varco, Inc.
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 637071101 Record Date: 03/24/2017 Meeting Type: Annual Ticker: NOV
Primary CUSIP: 637071101
Shares Voted: 58
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Clay C. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director Greg L. Armstrong Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1C Elect Director Marcela E. Donadio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1D Elect Director Ben A. Guill Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1E Elect Director James T. Hackett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1F Elect Director David D. Harrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1G Elect Director Eric L. Mattson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1H Elect Director William R. Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Adopt Proxy Access Right SH For For For No
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Northrop Grumman Corporation
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 666807102 Record Date: 03/21/2017 Meeting Type: Annual Ticker: NOC
Primary CUSIP: 666807102
Shares Voted: 33
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Wesley G. Bush Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Marianne C. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Victor H. Fazio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Donald E. Felsinger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Ann M. Fudge Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Bruce S. Gordon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director William H. Hernandez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Madeleine A. Kleiner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Karl J. Krapek Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Gary Roughead Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Thomas M. Schoewe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director James S. Turley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Northrop Grumman Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.13 Elect Director Mark A. Welsh, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
PPL Corporation
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 69351T106 Record Date: 02/28/2017 Meeting Type: Annual Ticker: PPL
Primary CUSIP: 69351T106
Shares Voted: 168
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Rodney C. Adkins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director John W. Conway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Steven G. Elliott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Raja Rajamannar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Craig A. Rogerson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director William H. Spence Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
PPL Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Natica von Althann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Keith H. Williamson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Armando Zagalo de Lima Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Assess Portfolio Impacts of Policies to Meet 2 SH Against Abstain Abstain Yes Degree Scenario
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to climate change are broadly in line with market standard but could be enhanced.
RenaissanceRe Holdings Ltd.
Meeting Date: 05/17/2017 Country: Bermuda Primary Security ID: G7496G103 Record Date: 03/17/2017 Meeting Type: Annual Ticker: RNR
Primary CUSIP: G7496G103
Shares Voted: 73
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director David C. Bushnell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director James L. Gibbons Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
RenaissanceRe Holdings Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Jean D. Hamilton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Anthony M. Santomero Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Ernst & Young Ltd. as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Ross Stores, Inc.
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 778296103 Record Date: 03/21/2017 Meeting Type: Annual Ticker: ROST
Primary CUSIP: 778296103
Shares Voted: 107
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael Balmuth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director K. Gunnar Bjorklund Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Michael J. Bush Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1d Elect Director Norman A. Ferber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Sharon D. Garrett Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ross Stores, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Stephen D. Milligan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director George P. Orban Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1h Elect Director Michael O'Sullivan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Lawrence S. Peiros Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Gregory L. Quesnel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Barbara Rentler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Xcel Energy Inc.
Meeting Date: 05/17/2017 Country: USA Primary Security ID: 98389B100 Record Date: 03/21/2017 Meeting Type: Annual Ticker: XEL
Primary CUSIP: 98389B100 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Xcel Energy Inc.
Shares Voted: 209
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gail K. Boudreaux Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Richard K. Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Ben Fowke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Richard T. O'Brien Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Christopher J. Policinski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director James T. Prokopanko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director A. Patricia Sampson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director James J. Sheppard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director David A. Westerlund Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Kim Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Timothy V. Wolf Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Daniel Yohannes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Xcel Energy Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Altria Group, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 02209S103 Record Date: 03/27/2017 Meeting Type: Annual Ticker: MO
Primary CUSIP: 02209S103
Shares Voted: 142
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Gerald L. Baliles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Martin J. Barrington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director John T. Casteen, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Dinyar S. Devitre Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Thomas F. Farrell, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Debra J. Kelly-Ennis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director W. Leo Kiely, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Altria Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.8 Elect Director Kathryn B. McQuade Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director George Munoz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Nabil Y. Sakkab Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Virginia E. Shanks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Cease Tobacco-Related Advertising SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Amphenol Corporation
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 032095101 Record Date: 03/20/2017 Meeting Type: Annual Ticker: APH
Primary CUSIP: 032095101
Shares Voted: 130
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Ronald P. Badie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Stanley L. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Amphenol Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director David P. Falck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Edward G. Jepsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Martin H. Loeffler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director John R. Lord Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director R. Adam Norwitt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Diana G. Reardon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Stock Option Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the potential dilution of all plans exceeds the allowable threshold of fully diluted shares as per voting guidelines.
Anthem, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 036752103 Record Date: 03/17/2017 Meeting Type: Annual Ticker: ANTM
Primary CUSIP: 036752103
Shares Voted: 50
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director R. Kerry Clark Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Anthem, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Robert L. Dixon, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Bylaws Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
6 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
AvalonBay Communities, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 053484101 Record Date: 03/06/2017 Meeting Type: Annual Ticker: AVB
Primary CUSIP: 053484101
Shares Voted: 27
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Glyn F. Aeppel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Terry S. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Alan B. Buckelew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
AvalonBay Communities, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Ronald L. Havner, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
1e Elect Director Richard J. Lieb Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Timothy J. Naughton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Peter S. Rummell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director H. Jay Sarles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Susan Swanezy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director W. Edward Walter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Chubb Limited
Meeting Date: 05/18/2017 Country: Switzerland Primary Security ID: H1467J104 Record Date: 03/27/2017 Meeting Type: Annual Ticker: CB
Primary CUSIP: H0023R105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chubb Limited
Shares Voted: 83
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2.1 Allocate Disposable Profit Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
2.2 Approve Dividend Distribution From Legal Mgmt For For For No Reserves Through Capital Contributions Reserve Subaccount
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA’s voting guidelines.
4.1 Ratify PricewaterhouseCoopers AG (Zurich) as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.2 Ratify PricewaterhouseCoopers LLP (United Mgmt For For For No States) as Independent Registered Accounting Firm as Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4.3 Ratify BDO AG (Zurich) as Special Auditors Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.1 Elect Director Evan G. Greenberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Elect Director Robert M. Hernandez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.3 Elect Director Michael G. Atieh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.4 Elect Director Sheila P. Burke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.5 Elect Director James I. Cash Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chubb Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.6 Elect Director Mary Cirillo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.7 Elect Director Michael P. Connors Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.8 Elect Director John A. Edwardson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.9 Elect Director Leo F. Mullin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.10 Elect Director Kimberly A. Ross Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.11 Elect Director Robert W. Scully Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.12 Elect Director Eugene B. Shanks, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.13 Elect Director Theodore E. Shasta Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.14 Elect Director David H. Sidwell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.15 Elect Director Olivier Steimer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.16 Elect Director James M. Zimmerman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Evan G. Greenberg as Board Chairman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines
7.1 Appoint Michael P. Connors as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.2 Appoint Mary Cirillo as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chubb Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7.3 Appoint Robert M. Hernandez as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.4 Appoint Robert W. Scully as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
7.5 Appoint James M. Zimmerman as Member of Mgmt For For For No the Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
8 Designate Homburger AG as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this routine item is warranted due to lack of concerns.
9 Approve Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
10.1 Approve the Increase in Maximum Aggregate Mgmt For For For No Remuneration of Directors
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed amount is broadly in line with market practice.
10.2 Approve Remuneration of Executive Mgmt For For For No Management in the Amount of USD 41 Million for Fiscal 2018
Voting Policy Rationale: As the company is classified as a US domestic issuer, and given that the focus of this proposal is on top executive pay, the recommendation for this proposal is aligned to the US say-on-pay analysis. Accordingly, a vote FOR is warranted.
11 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
13 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Credit Suisse Group AG
Meeting Date: 05/18/2017 Country: Switzerland Primary Security ID: H3698D419 Record Date: Meeting Type: Special Ticker: CSGN
Primary CUSIP: H3698D419 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Credit Suisse Group AG
Shares Voted: 281
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve CHF 16.2 Million Share Capital Mgmt For For For No Increase with Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
2 Transact Other Business: Proposals by Mgmt None Against Against No Shareholders (Voting)
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
3 Transact Other Business: Proposals by the Mgmt None Against Against No Board of Directors (Voting)
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Crown Castle International Corp.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 22822V101 Record Date: 03/27/2017 Meeting Type: Annual Ticker: CCI
Primary CUSIP: 22822V101
Shares Voted: 39
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director P. Robert Bartolo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jay A. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Cindy Christy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Ari Q. Fitzgerald Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Robert E. Garrison, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Crown Castle International Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Lee W. Hogan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Edward C. Hutcheson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director J. Landis Martin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert F. McKenzie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Anthony J. Melone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director W. Benjamin Moreland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Adopt Proxy Access Right SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Deutsche Bank AG
Meeting Date: 05/18/2017 Country: Germany Primary Security ID: D18190898 Record Date: Meeting Type: Annual Ticker: DBK
Primary CUSIP: D18190898
Shares Voted: 237
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proposals Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting) Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Deutsche Bank AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 0.19 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Ratify KPMG as Auditors for Fiscal 2017 Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Authorize Repurchase of Up to Five Percent of Mgmt For For For No Issued Share Capital for Trading Purposes
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
7 Authorize Share Repurchase Program with Mgmt For For For No possible Exclusion of Preemptive Rights
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
8 Authorize Use of Financial Derivatives when Mgmt For For For No Repurchasing Shares
Voting Policy Rationale: A vote FOR the use of financial derivatives when repurchasing shares is warranted.
9 Approve Remuneration System for Mgmt For For For No Management Board Members
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10.1 Elect Gerd Alexander Schuetz to the Mgmt For For For No Supervisory Board
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10.2 Elect Paul Achleitner to the Supervisory Board Mgmt For For Against Yes
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10.3 Elect Stefan Simon to the Supervisory Board Mgmt For For Against Yes
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10.4 Elect Gerhard Eschelbeck to the Supervisory Mgmt For For Against Yes Board
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Deutsche Bank AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Approve Issuance of Convertible and Mgmt For For For No Warrant-Linked Bonds, Participation Certificates, and Other Hybrid Notes without Preemptive Rights up to Nominal Amount of EUR 12 Billion; Approve EUR 512 Million Pool of Capital to Guarantee Conversion Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
12 Approve Creation of EUR 512 Million Pool of Mgmt For For For No Capital without Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
13 Approve Creation of EUR 2 Billion Pool of Mgmt For For For No Capital with Preemptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
14 Approve Stock Option Plan for Key Mgmt For For For No Employees; Approve Creation of EUR 51.2 Million Pool of Conditional Capital to Guarantee Conversion Rights
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
15 Amend Articles Re: Convening of General Mgmt For Against Against Yes Meetings for Recovery Measures
Voting Policy Rationale: The proposal did not merit support as the amendment could result in diminishing shareholder rights.
16.1 Amend Articles Re: Supervisory Board Terms Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
16.2 Amend Articles Re: Constitutive Board Mgmt For For For No Meetings
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
16.3 Amend Articles Re: Convening of Board Mgmt For For For No Meetings
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
16.4 Amend Articles Re: Limits for Transactions Mgmt For For For No Subject to Board Approval
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Deutsche Bank AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
16.5 Amend Articles Re: Due Date for Board Mgmt For For For No Remuneration
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Shareholder Proposals Submitted by Marita Mgmt Lampatz
17 Approve Special Audit Re: Conduct of SH None Refer Abstain No Management and Supervisory Boards in Connectionwith Misleading of the FCA; Appoint Thomas Tuemmler as Special Auditor
Voting Policy Rationale: SSgA abstains on this proposal.
18 Approve Special Audit Re: Conduct of SH None Refer Abstain No Management and Supervisory Boards in Connectionwith Manipulation of Reference Interest Rates; Appoint Gero Huebenthal as Special Auditor
Voting Policy Rationale: SSgA abstains on this proposal.
19 Approve Special Audit Re: Conduct of SH None Refer Abstain No Management and Supervisory Boards in Connectionwith Money Laundering in Russia; Appoint Dieter Bruckhaus as Special Auditor
Voting Policy Rationale: SSgA abstains on this proposal.
20 Approve Appropriation of Distributable Profit SH Against Against Against No for Fiscal 2015
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Dr Pepper Snapple Group, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 26138E109 Record Date: 03/20/2017 Meeting Type: Annual Ticker: DPS
Primary CUSIP: 26138E109
Shares Voted: 123
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director David E. Alexander Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Antonio Carrillo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dr Pepper Snapple Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Jose M. Gutierrez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Pamela H. Patsley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Ronald G. Rogers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Wayne R. Sanders Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Dunia A. Shive Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director M. Anne Szostak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Larry D. Young Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Plans to Minimize Pesticides' SH Against Against Against No Impact on Pollinators
Voting Policy Rationale: This proposal does not merit support as the company's environmental disclosure and/or practices are reasonable. eBay Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 278642103 Record Date: 03/20/2017 Meeting Type: Annual Ticker: EBAY
Primary CUSIP: 278642103 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund eBay Inc.
Shares Voted: 139
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Fred D. Anderson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Edward W. Barnholt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Anthony J. Bates Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Logan D. Green Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Bonnie S. Hammer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Kathleen C. Mitic Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Pierre M. Omidyar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Paul S. Pressler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Robert H. Swan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Thomas J. Tierney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Perry M. Traquina Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Devin N. Wenig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund eBay Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Extra Space Storage Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 30225T102 Record Date: 03/22/2017 Meeting Type: Annual Ticker: EXR
Primary CUSIP: 30225T102
Shares Voted: 4
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Kenneth M. Woolley Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.2 Elect Director Joseph D. Margolis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Roger B. Porter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Spencer F. Kirk Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.5 Elect Director Dennis J. Letham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Diane Olmstead Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director K. Fred Skousen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Extra Space Storage Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Intel Corporation
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 458140100 Record Date: 03/20/2017 Meeting Type: Annual Ticker: INTC
Primary CUSIP: 458140100
Shares Voted: 807
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Charlene Barshefsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Aneel Bhusri Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Andy D. Bryant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Reed E. Hundt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Omar Ishrak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Brian M. Krzanich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Tsu-Jae King Liu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Intel Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director David S. Pottruck Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Gregory D. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Frank D. Yeary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director David B. Yoffie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Political Contributions Disclosure SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
7 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
L Brands, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 501797104 Record Date: 03/24/2017 Meeting Type: Annual Ticker: LB
Primary CUSIP: 501797104 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
L Brands, Inc.
Shares Voted: 62
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Donna A. James Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.2 Elect Director Jeffrey H. Miro Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.3 Elect Director Michael G. Morris Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Raymond Zimmerman Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Reduce Supermajority Vote Requirement SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Marsh & McLennan Companies, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 571748102 Record Date: 03/20/2017 Meeting Type: Annual Ticker: MMC
Primary CUSIP: 571748102
Shares Voted: 179
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Anthony K. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marsh & McLennan Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Oscar Fanjul Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Daniel S. Glaser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director H. Edward Hanway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Deborah C. Hopkins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Elaine La Roche Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Steven A. Mills Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Bruce P. Nolop Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Marc D. Oken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Morton O. Schapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Lloyd M. Yates Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director R. David Yost Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marsh & McLennan Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
Next Plc
Meeting Date: 05/18/2017 Country: United Kingdom Primary Security ID: G6500M106 Record Date: 05/16/2017 Meeting Type: Annual Ticker: NXT
Primary CUSIP: G6500M106
Shares Voted: 21
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Re-elect John Barton as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Jonathan Bewes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Caroline Goodall as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Amanda James as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Michael Law as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Next Plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Elect Michael Roney as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Francis Salway as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Jane Shields as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Dame Dianne Thompson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Lord Wolfson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Appoint PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorise Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Amend Long Term Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
17 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
18 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
21 Authorise Off-Market Purchase of Ordinary Mgmt For For For No Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Next Plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
22 Approve Increase in Borrowing Powers Mgmt For Against Against Yes
Voting Policy Rationale: The gearing ratio is 392% which exceeds the acceptable threshold for the company's sector in this market.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
NextEra Energy, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 65339F101 Record Date: 03/23/2017 Meeting Type: Annual Ticker: NEE
Primary CUSIP: 65339F101
Shares Voted: 58
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Sherry S. Barrat Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director James L. Camaren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Kenneth B. Dunn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Naren K. Gursahaney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Kirk S. Hachigian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Toni Jennings Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Amy B. Lane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director James L. Robo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
NextEra Energy, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Rudy E. Schupp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John L. Skolds Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director William H. Swanson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Hansel E. Tookes, II Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Non-Employee Director Restricted Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Report on Political Contributions SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to political contributions can be improved.
Repsol SA
Meeting Date: 05/18/2017 Country: Spain Primary Security ID: E8471S130 Record Date: 05/12/2017 Meeting Type: Annual Ticker: REP
Primary CUSIP: E8471S130
Shares Voted: 383
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Repsol SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Renew Appointment of Deloitte as Auditor for Mgmt For For For No FY 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Appoint PricewaterhouseCoopers as Auditor Mgmt For For For No for FY 2018, 2019 and 2020
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: A vote FOR this item is warranted because the proposed scrip dividends have a cash option attached.
7 Authorize Capitalization of Reserves for Scrip Mgmt For For For No Dividends
Voting Policy Rationale: A vote FOR this item is warranted because the proposed scrip dividends have a cash option attached.
8 Authorize Issuance of Non-Convertible and/or Mgmt For For For No Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to EUR 8.4 Billion with Exclusion of Preemptive Rights up to 20 Percent of Capital
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
9 Reelect Rene Dahan as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Reelect Manuel Manrique Cecilia as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Reelect Luis Suarez de Lezo Mantilla as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Ratify Appointment of and Elect Antonio Mgmt For For For No Massanell Lavilla as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Elect Maite Ballester Fornes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Repsol SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Elect Isabel Torremocha Ferrezuelo as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Mariano Marzo Carpio as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
17 Approve Share Price Performance as CEO's Mgmt For For For No 2017 Bonus Metric
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
18 Approve Inclusion of a Target Related to the Mgmt For For For No Performance of the Total Shareholder Return in the 2017-2020 Long Term Multi-Year Variable Remuneration Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
19 Approve Partial Settlement of Outstanding Mgmt For For For No Long Term Incentive Awards in Company Shares
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
20 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
21 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
SBA Communications Corporation
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 78410G104 Record Date: 03/17/2017 Meeting Type: Annual Ticker: SBAC
Primary CUSIP: 78410G104
Shares Voted: 55
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Steven E. Bernstein Mgmt For Against Against Yes Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SBA Communications Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1b Elect Director Duncan H. Cocroft Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Swire Pacific Limited
Meeting Date: 05/18/2017 Country: Hong Kong Primary Security ID: Y83310105 Record Date: 05/12/2017 Meeting Type: Annual Ticker: 19
Primary CUSIP: Y83310105
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect I K L Chu as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect M Cubbon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect T G Freshwater as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect C Lee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect P K Etchells as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Swire Pacific Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve PricewaterhouseCoopers as Auditors Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
4 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights. This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is NOT warranted as the requested authorization exceeds the allowable limits of SSGA's voting guidelines.
Synchrony Financial
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 87165B103 Record Date: 03/23/2017 Meeting Type: Annual Ticker: SYF
Primary CUSIP: 87165B103
Shares Voted: 18
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Margaret M. Keane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Paget L. Alves Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Arthur W. Coviello, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director William W. Graylin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Roy A. Guthrie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Richard C. Hartnack Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Synchrony Financial Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Jeffrey G. Naylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Laurel J. Richie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Olympia J. Snowe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
The Home Depot, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 437076102 Record Date: 03/20/2017 Meeting Type: Annual Ticker: HD
Primary CUSIP: 437076102
Shares Voted: 89
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Gerard J. Arpey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Ari Bousbib Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jeffery H. Boyd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Gregory D. Brenneman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Home Depot, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director J. Frank Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Albert P. Carey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Armando Codina Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Helena B. Foulkes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Linda R. Gooden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Wayne M. Hewett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Karen L. Katen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Craig A. Menear Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Mark Vadon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Prepare Employment Diversity Report and SH Against Abstain Abstain Yes Report on Diversity Policies
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to EEO practices are broadly in line with market standard but could be enhanced.
6 Adopt Proxy Statement Reporting on Political SH Against Against Against No Contributions and Advisory Vote
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Home Depot, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Amend Articles/Bylaws/Charter - Call Special SH Against Against Against No Meetings
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
The Travelers Companies, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 89417E109 Record Date: 03/21/2017 Meeting Type: Annual Ticker: TRV
Primary CUSIP: 89417E109
Shares Voted: 78
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Alan L. Beller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John H. Dasburg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Janet M. Dolan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Kenneth M. Duberstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Patricia L. Higgins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director William J. Kane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Cleve L. Killingsworth, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Philip T. (Pete) Ruegger, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Todd C. Schermerhorn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Travelers Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Alan D. Schnitzer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Donald J. Shepard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Laurie J. Thomsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
7 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
8 Prepare Employment Diversity Report and SH Against Abstain Abstain Yes Report on Diversity Policies
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to EEO practices are broadly in line with market standard but could be enhanced.
Ventas, Inc.
Meeting Date: 05/18/2017 Country: USA Primary Security ID: 92276F100 Record Date: 03/22/2017 Meeting Type: Annual Ticker: VTR
Primary CUSIP: 92276F100 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Ventas, Inc.
Shares Voted: 12
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Melody C. Barnes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Debra A. Cafaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Jay M. Gellert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Richard I. Gilchrist Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Matthew J. Lustig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Roxanne M. Martino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Walter C. Rakowich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Robert D. Reed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Glenn J. Rufrano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director James D. Shelton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Aetna Inc.
Meeting Date: 05/19/2017 Country: USA Primary Security ID: 00817Y108 Record Date: 03/17/2017 Meeting Type: Annual Ticker: AET
Primary CUSIP: 00817Y108
Shares Voted: 41
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Fernando Aguirre Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Mark T. Bertolini Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Frank M. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Betsy Z. Cohen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Molly J. Coye Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Roger N. Farah Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Jeffrey E. Garten Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Ellen M. Hancock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Richard J. Harrington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Edward J. Ludwig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Joseph P. Newhouse Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Olympia J. Snowe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Aetna Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt None One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6A Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6B Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Amgen Inc.
Meeting Date: 05/19/2017 Country: USA Primary Security ID: 031162100 Record Date: 03/20/2017 Meeting Type: Annual Ticker: AMGN
Primary CUSIP: 031162100
Shares Voted: 138
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1. Elect Director David Baltimore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Robert A. Bradway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Francois de Carbonnel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Robert A. Eckert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Amgen Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director Greg C. Garland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Fred Hassan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Rebecca M. Henderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Frank C. Herringer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Charles M. Holley, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Tyler Jacks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Ellen J. Kullman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Ronald D. Sugar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director R. Sanders Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Macy's, Inc.
Meeting Date: 05/19/2017 Country: USA Primary Security ID: 55616P104 Record Date: 03/23/2017 Meeting Type: Annual Ticker: M
Primary CUSIP: 55616P104
Shares Voted: 42
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Francis S. Blake Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director John A. Bryant Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Deirdre P. Connelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Jeff Gennette Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Leslie D. Hale Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director William H. Lenehan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Sara Levinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Terry J. Lundgren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Joyce M. Roche Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Paul C. Varga Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Marna C. Whittington Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Annie Young-Scrivner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Macy's, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
Yum! Brands, Inc.
Meeting Date: 05/19/2017 Country: USA Primary Security ID: 988498101 Record Date: 03/21/2017 Meeting Type: Annual Ticker: YUM
Primary CUSIP: 988498101
Shares Voted: 55
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Paget L. Alves Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Michael J. Cavanagh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Christopher M. Connor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Brian C. Cornell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Greg Creed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Mirian M. Graddick-Weir Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Yum! Brands, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Thomas C. Nelson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director P. Justin Skala Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Elane B. Stock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Robert D. Walter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Adopt Policy and Plan to Eliminate SH Against Against Against No Deforestation in Supply Chain
Voting Policy Rationale: This proposal does not merit support as the company's environmental disclosure and/or practices are reasonable.
BNP Paribas SA
Meeting Date: 05/23/2017 Country: France Primary Security ID: F1058Q238 Record Date: 05/18/2017 Meeting Type: Annual/Special Ticker: BNP
Primary CUSIP: F1058Q238
Shares Voted: 112
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BNP Paribas SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.70 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Acknowledge Auditors' Special Report on Mgmt For For For No Related-Party Transactions
Voting Policy Rationale: A vote FOR this proposal is warranted because the information disclosed in the auditors' special report does not raise any concerns.
5 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Reelect Jean Lemierre as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Reelect Monique Cohen as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Reelect Daniela Schwarzer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Reelect Fields Wicker-Miurin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Elect Jacques Aschenbroich as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Approve Remuneration Policy for Chairman of Mgmt For For For No the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Approve Remuneration Policy for CEO and Mgmt For For For No Vice-CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
13 Non-Binding Vote on Compensation of Jean Mgmt For For For No Lemierre, Chairman of the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
14 Non-Binding Vote on Compensation of Mgmt For For For No Jean-Laurent Bonnafe, CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BNP Paribas SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
15 Non-Binding Vote on Compensation of Mgmt For For For No Philippe Bordenave, Vice-CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
16 Non-Binding Vote on the Overall Envelope of Mgmt For For For No Compensation of Certain Senior Management, Responsible Officers and the Risk-takers
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Extraordinary Business Mgmt
17 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
18 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Fresnillo PLC
Meeting Date: 05/23/2017 Country: United Kingdom Primary Security ID: G371E2108 Record Date: 05/19/2017 Meeting Type: Annual Ticker: FRES
Primary CUSIP: G371E2108
Shares Voted: 202
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Re-elect Alberto Bailleres as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominees sits on more than six public company boards and does not merit support as per voting guidelines due to overboarding concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fresnillo PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Re-elect Juan Bordes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Arturo Fernandez as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Jaime Lomelin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Alejandro Bailleres as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Fernando Ruiz as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominees sits on more than six public company boards and does not merit support as per voting guidelines due to overboarding concerns.
11 Re-elect Charles Jacobs as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Guy Wilson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Barbara Laguera as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Jaime Serra as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Elect Alberto Tiburcio as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Elect Dame Judith Macgregor as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Reappoint Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
18 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
19 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fresnillo PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
22 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
23 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Merck & Co., Inc.
Meeting Date: 05/23/2017 Country: USA Primary Security ID: 58933Y105 Record Date: 03/27/2017 Meeting Type: Annual Ticker: MRK
Primary CUSIP: 58933Y105
Shares Voted: 118
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Leslie A. Brun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Thomas R. Cech Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Pamela J. Craig Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Kenneth C. Frazier Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Thomas H. Glocer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Merck & Co., Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Rochelle B. Lazarus Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director John H. Noseworthy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Carlos E. Represas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Paul B. Rothman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Patricia F. Russo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Craig B. Thompson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Wendell P. Weeks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Peter C. Wendell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
7 Report on Risks of Doing Business in SH Against Against Against No Conflict-Affected Areas
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to operations in high risk countries are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Merck & Co., Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Report on Board Oversight of Product Safety SH Against Against Against No and Quality
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
NVIDIA Corporation
Meeting Date: 05/23/2017 Country: USA Primary Security ID: 67066G104 Record Date: 03/24/2017 Meeting Type: Annual Ticker: NVDA
Primary CUSIP: 67066G104
Shares Voted: 86
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Robert K. Burgess Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Tench Coxe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Persis S. Drell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director James C. Gaither Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Jen-Hsun Huang Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Dawn Hudson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Harvey C. Jones Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Michael G. McCaffery Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director William J. Miller Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
NVIDIA Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1j Elect Director Mark L. Perry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director A. Brooke Seawell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Mark A. Stevens Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Royal Dutch Shell plc
Meeting Date: 05/23/2017 Country: United Kingdom Primary Security ID: G7690A100 Record Date: 05/19/2017 Meeting Type: Annual Ticker: RDSA
Primary CUSIP: G7690A118
Shares Voted: 723
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proposals Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Royal Dutch Shell plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Elect Catherine Hughes as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Roberto Setubal as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Ben van Beurden as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect Guy Elliott as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Euleen Goh as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Charles Holliday as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Re-elect Gerard Kleisterlee as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Sir Nigel Sheinwald as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Linda Stuntz as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Elect Jessica Uhl as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Hans Wijers as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Re-elect Gerrit Zalm as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Reappoint Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Royal Dutch Shell plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Shareholder Proposal Mgmt
21 Request Shell to Set and Publish Targets for SH Against Against Against No Reducing Greenhouse Gas (GHG) Emissions
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to GHG emissions are reasonable.
Societe Generale
Meeting Date: 05/23/2017 Country: France Primary Security ID: F43638141 Record Date: 05/18/2017 Meeting Type: Annual Ticker: GLE
Primary CUSIP: F43638141
Shares Voted: 207
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.20 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Societe Generale Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Auditors' Special Report on Mgmt For For For No Related-Party Transactions and Acknowledge the Absence of New Transactions
Voting Policy Rationale: A vote FOR Item 4 is warranted because the remaining information disclosed in the auditors' special report does not give raise to any concerns.
5 Approve Severance Agreement and Mgmt For For For No Non-Compete Agreement with Frederic Oudea
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Approve Severance Agreement and Mgmt For For For No Non-Compete Agreement with Severin Cabannes
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
7 Approve Severance Agreement and Mgmt For For For No Non-Compete Agreement with Bernardo Sanchez Incera
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
8 Approve Pension Scheme, Severance Mgmt For For For No Agreement and Non-Compete Agreement with Didier Valet
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
9 Approve Remuneration Policy of Chairman of Mgmt For For For No the Board, CEO, and Vice CEOs
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Non-Binding Vote on Compensation of Mgmt For For For No Lorenzo Bini Smaghi, Chairman of the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Non-Binding Vote on Compensation of Mgmt For For For No Frederic Oudea, CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Non-Binding Vote on Compensation of Mgmt For For For No Severin Cabannes and Bernardo Sanchez Incera, Vice CEOs
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
13 Non-Binding Vote on the Aggregate Mgmt For For For No Remuneration Granted in 2016 to Certain Senior Management, Responsible Officers, and Risk-Takers
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
14 Reelect Alexandra Schaapveld as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Societe Generale Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
15 Reelect Jean-Bernard Levy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
16 Elect William Connelly as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
17 Elect Lubomira Rochet as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
18 Authorize Repurchase of Up to 5 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
19 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Valeo
Meeting Date: 05/23/2017 Country: France Primary Security ID: F96221340 Record Date: 05/18/2017 Meeting Type: Annual/Special Ticker: FR
Primary CUSIP: F96221126
Shares Voted: 241
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 1.25 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Valeo Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Auditors' Special Report on Mgmt For For For No Related-Party Transactions Mentioning the Absence of New Transactions
Voting Policy Rationale: A vote FOR this proposal is warranted based on the information disclosed in the auditors' special report.
5 Reelect C. Maury Devine as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Reelect Mari-Noelle Jego-Laveissiere as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Reelect Veronique Weill as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Non-Binding Vote on Compensation of Pascal Mgmt For For For No Colombani, Chairman of the Board
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
9 Non-Binding Vote on Compensation of Mgmt For For For No Jacques Aschenbroich Chairman and CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
10 Approve remuneration Policy of Chairman and Mgmt For For For No CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Extraordinary Business Mgmt
12 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 70 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
13 Authorize Issuance of Equity or Equity-Linked Mgmt For For For No Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 23 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Valeo Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Approve Issuance of Equity or Equity-Linked Mgmt For For For No Securities for up to 9.62 Percent of Issued Capital Per Year for Private Placements up to Aggregate Nominal Amount of EUR 23 Million
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
15 Authorize Board to Increase Capital in the Mgmt For For For No Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16 Authorize Capitalization of Reserves of Up to Mgmt For For For No EUR 30 Million for Bonus Issue or Increase in Par Value
Voting Policy Rationale: A vote FOR is warranted since this potential transfer of wealth is in shareholders' interests.
17 Authorize Capital Increase of up to 9.62 Mgmt For For For No Percent of Issued Capital for Contributions in Kind
Voting Policy Rationale: Votes FOR the authorization are warranted as the proposed volume respects the recommended guidelines for issuances with and without preemptive rights.
18 Authorize Capital Issuances for Use in Mgmt For For For No Employee Stock Purchase Plans
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines
19 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
20 Amend Article 13, 14 of Bylaws Re: Employee Mgmt For For For No Representatives
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
21 Authorize Filing of Required Documents/Other Mgmt For For For No Formalities
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Wolseley plc
Meeting Date: 05/23/2017 Country: United Kingdom Primary Security ID: G9736L124 Record Date: 05/21/2017 Meeting Type: Special Ticker: WOS
Primary CUSIP: G97278116 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Wolseley plc
Shares Voted: 138
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Change of Company Name to Mgmt For For For No Ferguson plc
Voting Policy Rationale: A vote FOR this resolution is warranted. The proposed name change is not considered contentious and will not adversely affect shareholders' rights.
E. I. du Pont de Nemours and Company
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 263534109 Record Date: 03/28/2017 Meeting Type: Annual Ticker: DD
Primary CUSIP: 263534109
Shares Voted: 43
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lamberto Andreotti Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Edward D. Breen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Robert A. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Alexander M. Cutler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Eleuthere I. du Pont Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director James L. Gallogly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Marillyn A. Hewson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Lois D. Juliber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
E. I. du Pont de Nemours and Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1i Elect Director Lee M. Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Patrick J. Ward Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Pay Disparity SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Report on Accident Risk Reduction Efforts SH Against Abstain Abstain Yes
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to facility safety are broadly in line with market standard but could be enhanced.
Fiserv, Inc.
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 337738108 Record Date: 03/27/2017 Meeting Type: Annual Ticker: FISV
Primary CUSIP: 337738108
Shares Voted: 77
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Alison Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director John Y. Kim Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Dennis F. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fiserv, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Denis J. O'Leary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Glenn M. Renwick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Kim M. Robak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director JD Sherman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Doyle R. Simons Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Jeffery W. Yabuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Glencore Plc
Meeting Date: 05/24/2017 Country: Jersey Primary Security ID: G39420107 Record Date: 05/22/2017 Meeting Type: Annual Ticker: GLEN
Primary CUSIP: N/A
Shares Voted: 1,627
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Glencore Plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Reduction of the Company's Capital Mgmt For For For No Contribution Reserves
Voting Policy Rationale: A vote FOR this resolution is warranted as no issues of concern have been identified. The Company, through this routine accounting procedure, wishes to reinstate shareholder distributions, which were suspended during FY2016.
3 Re-elect Anthony Hayward as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Re-elect Leonhard Fischer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Re-elect Ivan Glasenberg as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Re-elect Peter Coates as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Re-elect John Mack as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Peter Grauer as Director Mgmt For Against Against Yes
Voting Policy Rationale: The nominee attended less than 75% of the scheduled board and committee meetings during the previous fiscal year without providing shareholders a valid reason (e.g. illness, work on behalf of the company, service to the nation).
9 Re-elect Patrice Merrin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Reappoint Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
13 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Glencore Plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
14 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
15 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
16 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
17 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
LyondellBasell Industries N.V.
Meeting Date: 05/24/2017 Country: Netherlands Primary Security ID: N53745100 Record Date: 04/26/2017 Meeting Type: Annual Ticker: LYB
Primary CUSIP: N/A
Shares Voted: 78
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Robert G. Gwin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jacques Aigrain Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Lincoln Benet Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Jagjeet S. Bindra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
LyondellBasell Industries N.V. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Robin Buchanan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Stephen F. Cooper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Nance K. Dicciani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Claire S. Farley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Isabella D. Goren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Bruce A. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Rudy van der Meer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Adoption of Dutch Statutory Annual Accounts Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA’s voting guidelines.
4 Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA’s voting guidelines.
5 Ratify PricewaterhouseCoopers Accountants Mgmt For For For No N.V. as Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Approve Dividends of EUR 0.85 Per Share Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA’s voting guidelines.
8 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
LyondellBasell Industries N.V. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
10 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
11 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
MAN SE
Meeting Date: 05/24/2017 Country: Germany Primary Security ID: D51716104 Record Date: 05/02/2017 Meeting Type: Annual Ticker: MAN
Primary CUSIP: D51716104
Shares Voted: 36
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports for Fiscal 2016 (Non-Voting)
2 Approve Discharge of Management Board for Mgmt For For For No Fiscal 2016
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
3 Approve Discharge of Supervisory Board for Mgmt For Against Against Yes Fiscal 2016
Voting Policy Rationale: This item does not merit support due to concerns with overall board independence levels.
4 Ratify PricewaterhouseCoopers GmbH as Mgmt For For For No Auditors for Fiscal 2017
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
McDonald's Corporation
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 580135101 Record Date: 03/27/2017 Meeting Type: Annual Ticker: MCD
Primary CUSIP: 580135101 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
McDonald's Corporation
Shares Voted: 72
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Lloyd Dean Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Stephen Easterbrook Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Robert Eckert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Margaret Georgiadis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Enrique Hernandez, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Jeanne Jackson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Richard Lenny Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director John Mulligan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Sheila Penrose Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John Rogers, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Miles White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
McDonald's Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Provide Vote Counting to Exclude Abstentions SH Against Against Against No
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
7 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call a Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
8 Issue New Series of Preferred Stock with the SH Against Against Against No Right to Elect own Director
Voting Policy Rationale: A vote AGAINST this proposal is warranted. While acknowledging that franchisees are critical stakeholders in the company, there is no compelling rationale that the process set forth in the proposal is the most effective means to provide franchisee representation on the board. Further, this proposal has several provisions that raise concerns. Specifically, a franchisee-director would neither be nominated nor elected by common shareholders. As such, the proposed election process would insulate the franchisee-director from direct accountability to all shareholders. Concerns are also raised regarding potential conflicts of interest and independence of a franchisee-director.
9 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
10 Adopt Policy to Ban Non-Therapeutic Use of SH Against Against Against No Antibiotics in Meat Supply Chain
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
11 Assess Environmental Impact of Polystyrene SH Against Against Against No Foam Cups
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to recycling are reasonable.
12 Report on Charitable Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
OMV AG
Meeting Date: 05/24/2017 Country: Austria Primary Security ID: A51460110 Record Date: 05/14/2017 Meeting Type: Annual Ticker: OMV
Primary CUSIP: A51460110 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
OMV AG
Shares Voted: 53
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Receive Financial Statements and Statutory Mgmt Reports (Non-Voting)
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Management Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Approve Discharge of Supervisory Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
5 Approve Remuneration of Supervisory Board Mgmt For For For No Members
Voting Policy Rationale: A vote FOR this resolution is warranted because:- There is no evidence of excessiveness on the part of OMV's board in the past.
6 Ratify Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7.1 Approve Long Term Incentive Plan 2017 for Mgmt For For For No Key Employees
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7.2 Approve Share Part of the Annual Bonus 2017 Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
PayPal Holdings, Inc.
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 70450Y103 Record Date: 04/05/2017 Meeting Type: Annual Ticker: PYPL
Primary CUSIP: 70450Y103
Shares Voted: 91
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Wences Casares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
PayPal Holdings, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Jonathan Christodoro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John J. Donahoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director David W. Dorman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Belinda J. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Gail J. McGovern Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director David M. Moffett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Daniel H. Schulman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Frank D. Yeary Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Amend Certificate of Incorporation Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company’s Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
4 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Provide Right to Act by Written Consent SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Report on Sustainability SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's sustainability disclosure and practices can be improved.
7 Report on Feasibility of Net-Zero GHG SH Against Against Against No Emissions
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to GHG emissions are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Stericycle, Inc.
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 858912108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: SRCL
Primary CUSIP: 858912108
Shares Voted: 24
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Mark C. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jack W. Schuler Mgmt For Refer For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Charles A. Alutto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Brian P. Anderson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Lynn D. Bleil Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Thomas D. Brown Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Thomas F. Chen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Robert S. Murley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director John Patience Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Mike S. Zafirovski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Stericycle, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Amend Qualified Employee Stock Purchase Mgmt For For For No Plan
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
7 Amend Proxy Access Right SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Pro-rata Vesting of Equity Awards SH Against For For Yes
Voting Policy Rationale: A vote FOR this item is warranted because a policy requiring pro-rata vesting upon a change in control would further align the interests of executives with shareholders.
The Southern Company
Meeting Date: 05/24/2017 Country: USA Primary Security ID: 842587107 Record Date: 03/27/2017 Meeting Type: Annual Ticker: SO
Primary CUSIP: 842587107
Shares Voted: 167
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Juanita Powell Baranco Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jon A. Boscia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Henry A. 'Hal' Clark, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Thomas A. Fanning Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director David J. Grain Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Southern Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1f Elect Director Veronica M. Hagen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Warren A. Hood, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Linda P. Hudson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Donald M. James Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director John D. Johns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Dale E. Klein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director William G. Smith, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Steven R. Specker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1n Elect Director Larry D. Thompson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1o Elect Director E. Jenner Wood, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Reduce Supermajority Vote Requirement Mgmt For For For No
Voting Policy Rationale: This item merits support per policy guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Southern Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Report on Strategy for Aligning with 2 Degree SH Against For For Yes Scenario
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
Alumina Ltd.
Meeting Date: 05/25/2017 Country: Australia Primary Security ID: Q0269M109 Record Date: 05/23/2017 Meeting Type: Annual Ticker: AWC
Primary CUSIP: Q0269M109
Shares Voted: 1,858
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3a Elect G John Pizzey as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3b Elect W Peter Day as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
3c Elect Michael P Ferraro as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
4 Approve the Grant of Performance Rights Mgmt For For For No (Long Term Incentive) to Peter Wasow, Chief Executive Officer of the Company
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Annaly Capital Management, Inc.
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 035710409 Record Date: 03/28/2017 Meeting Type: Annual Ticker: NLY
Primary CUSIP: 035710409 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Annaly Capital Management, Inc.
Shares Voted: 628
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Francine J. Bovich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Jonathan D. Green Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director John H. Schaefer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Arconic Inc.
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 03965L100 Record Date: 03/01/2017 Meeting Type: Proxy Contest Ticker: ARNC
Primary CUSIP: 03965L100
Shares Voted: 68
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proxy (White Proxy Card) Mgmt
1.1 Elect Director Amy E. Alving Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director David P. Hess Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director James 'Jim' F. Albaugh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arconic Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Ulrich "Rick" Schmidt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Janet C. Wolfenbarger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Eliminate Supermajority Vote Requirement for Mgmt For For For No Amendments to the Articles of Incorporation Regarding Anti-Greenmail
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
6 Eliminate Supermajority Vote Requirement for Mgmt For For For No Amendments to the Articles of Incorporation Regarding Removal of Directors
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
7 Eliminate Supermajority Vote Requirement for Mgmt For For For No Removal of Directors
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
8 Declassify the Board of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
9 Eliminate Supermajority Vote Requirement SH For For For No
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Dissident Proxy (Blue Proxy Card) Mgmt
1.1 Elect Director Christopher L. Ayers SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.2 Elect Director Elmer L. Doty SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Arconic Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Bernd F. Kessler SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.4 Elect Director Patrice E. Merrin SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.5 Elect Director Ulrich "Rick" Schmidt SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For Do Not Do Not No Auditors Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
3 Advisory Vote to Ratify Named Executive Mgmt None Do Not Do Not No Officers' Compensation Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
5 Eliminate Supermajority Vote Requirement for Mgmt For Do Not Do Not No Amendments to the Articles of Incorporation Vote Vote Regarding Anti-Greenmail
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
6 Eliminate Supermajority Vote Requirement for Mgmt For Do Not Do Not No Amendments to the Articles of Incorporation Vote Vote Regarding Removal of Directors
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
7 Eliminate Supermajority Vote Requirement for Mgmt For Do Not Do Not No Removal of Directors Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
8 Declassify the Board of Directors Mgmt For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
9 Eliminate Supermajority Vote Requirement SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chipotle Mexican Grill, Inc.
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 169656105 Record Date: 03/27/2017 Meeting Type: Annual Ticker: CMG
Primary CUSIP: 169656105
Shares Voted: 6
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Albert S. Baldocchi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Paul T. Cappuccio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Steve Ells Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Neil W. Flanzraich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Robin Hickenlooper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Kimbal Musk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Ali Namvar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Matthew H. Paull Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Omnicom Group Inc.
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 681919106 Record Date: 04/05/2017 Meeting Type: Annual Ticker: OMC
Primary CUSIP: 681919106
Shares Voted: 82
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John D. Wren Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Bruce Crawford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Alan R. Batkin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Mary C. Choksi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Robert Charles Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Leonard S. Coleman, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.7 Elect Director Susan S. Denison Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.8 Elect Director Deborah J. Kissire Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director John R. Murphy Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.10 Elect Director John R. Purcell Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1.11 Elect Director Linda Johnson Rice Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Omnicom Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.12 Elect Director Valerie M. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Raytheon Company
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 755111507 Record Date: 04/04/2017 Meeting Type: Annual Ticker: RTN
Primary CUSIP: 755111507
Shares Voted: 110
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Tracy A. Atkinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Robert E. Beauchamp Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Vernon E. Clark Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Stephen J. Hadley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Thomas A. Kennedy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Letitia A. Long Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Raytheon Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director George R. Oliver Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Dinesh C. Paliwal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director William R. Spivey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director James A. Winnefeld, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Seven & i Holdings Co Ltd
Meeting Date: 05/25/2017 Country: Japan Primary Security ID: J7165H108 Record Date: 02/28/2017 Meeting Type: Annual Ticker: 3382
Primary CUSIP: J7165H108
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 45
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Isaka, Ryuichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Seven & i Holdings Co Ltd Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.2 Elect Director Goto, Katsuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Ito, Junro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Aihara, Katsutane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Yamaguchi, Kimiyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Furuya, Kazuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Anzai, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Otaka, Zenko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Joseph M. DePinto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Scott Trevor Davis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Tsukio, Yoshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Ito, Kunio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Yonemura, Toshiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Habano, Noriyuki Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Deep Discount Stock Option Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Allstate Corporation
Meeting Date: 05/25/2017 Country: USA Primary Security ID: 020002101 Record Date: 03/27/2017 Meeting Type: Annual Ticker: ALL
Primary CUSIP: 020002101
Shares Voted: 151
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Kermit R. Crawford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Michael L. Eskew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Siddharth N. (Bobby) Mehta Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Jacques P. Perold Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Andrea Redmond Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director John W. Rowe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Judith A. Sprieser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Mary Alice Taylor Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Perry M. Traquina Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Thomas J. Wilson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Allstate Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Non-Employee Director Omnibus Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Lead Director Qualifications SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Political Contributions Disclosure SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to political contributions can be improved.
Nomura Real Estate Master Fund, Inc.
Meeting Date: 05/26/2017 Country: Japan Primary Security ID: J589D3119 Record Date: 02/28/2017 Meeting Type: Special Ticker: 3462
Primary CUSIP: N/A
Shares Voted: 3
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Amend Articles to Allow REIT to Lease Assets Mgmt For For For No Other Than Real Estate - Amend Asset Management Compensation
Voting Policy Rationale: This item merits support per voting guidelines.
2 Elect Executive Director Yoshida, Shuhei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1 Elect Supervisory Director Uchiyama, Mineo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Supervisory Director Owada, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sands China Ltd.
Meeting Date: 05/26/2017 Country: Cayman Islands Primary Security ID: G7800X107 Record Date: 05/15/2017 Meeting Type: Annual Ticker: 1928
Primary CUSIP: G7800X107
Shares Voted: 400
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3a Elect Sheldon Gary Adelson as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3b Elect Chiang Yun as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3c Elect Victor Patrick Hoog Antink as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3d Elect Kenneth Patrick Chung as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3e Authorize Board to Fix Remuneration of Mgmt For For For No Directors
4 Approve Deloitte Touche Tohmatsu as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
7 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights. This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is NOT warranted as the requested authorization exceeds the allowable limits of SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Total SA
Meeting Date: 05/26/2017 Country: France Primary Security ID: F92124100 Record Date: 05/23/2017 Meeting Type: Annual/Special Ticker: FP
Primary CUSIP: F92124100
Shares Voted: 157
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Ordinary Business Mgmt
1 Approve Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Consolidated Financial Statements Mgmt For For For No and Statutory Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Allocation of Income and Dividends Mgmt For For For No of EUR 2.45 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
4 Approve Stock Dividend Program (Cash or Mgmt For For For No New Shares)
Voting Policy Rationale: Votes FOR these income allocation proposals are warranted, despite the high payout ratio, because the company maintains enough reserves to cover the proposed distribution of dividends.
5 Authorize Repurchase of Up to 10 Percent of Mgmt For For For No Issued Share Capital
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6 Reelect Patricia Barbizet as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Reelect Marie-Christine Coisne-Roquette as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Mark Cutifani as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Elect Carlos Tavares as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
10 Receive Auditors' Special Report on Mgmt For For For No Related-Party Transactions Mentioning the Absence of New Transactions
Voting Policy Rationale: A vote FOR this proposal is warranted because the information disclosed in the auditors' special report does not raise any concerns. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Total SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Non-Binding Vote on Compensation of Patrick Mgmt For For For No Pouyanne, CEO and Chairman
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
12 Approve Remuneration Policy of Chairman Mgmt For For For No and CEO
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Extraordinary Business Mgmt
13 Authorize Decrease in Share Capital via Mgmt For For For No Cancellation of Repurchased Shares
Voting Policy Rationale: A vote FOR this item is warranted as such share capital reductions are favorable to shareholders.
Yue Yuen Industrial (Holdings) Ltd.
Meeting Date: 05/26/2017 Country: Bermuda Primary Security ID: G98803144 Record Date: 05/19/2017 Meeting Type: Annual Ticker: 551
Primary CUSIP: G98803144
Shares Voted: 500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Elect Lu Chin Chu as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Tsai Pei Chun, Patty as Director Mgmt For Against Against Yes
Voting Policy Rationale: The nominee attended less than 75% of the board and committee meetings that they were scheduled to attend during the previous fiscal year without a valid excuse (e.g. illness, work on behalf of the company, service to the nation).
3.3 Elect Chan Lu Min as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Hu Dien Chien as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Yue Yuen Industrial (Holdings) Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.5 Elect Hsieh Yung Hsiang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Authorize Board to Fix Remuneration of Mgmt For For For No Directors
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
4 Approve Deloitte Touche Tohmatsu as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5A Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.
5B Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
5C Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights.This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is NOT warranted as the requested authorization exceeds the allowable limits of SSGA's voting guidelines.
Illumina, Inc.
Meeting Date: 05/30/2017 Country: USA Primary Security ID: 452327109 Record Date: 04/07/2017 Meeting Type: Annual Ticker: ILMN
Primary CUSIP: 452327109
Shares Voted: 30
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Caroline D. Dorsa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Robert S. Epstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Illumina, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Philip W. Schiller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Eliminate Supermajority Vote Requirement Mgmt For For For No
Voting Policy Rationale: This item merits support per policy guidelines.
Lawson, Inc.
Meeting Date: 05/30/2017 Country: Japan Primary Security ID: J3871L103 Record Date: 02/28/2017 Meeting Type: Annual Ticker: 2651
Primary CUSIP: J3871L103
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 125
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Takemasu, Sadanobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Imada, Katsuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Nakaniwa, Satoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Osono, Emi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Lawson, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.5 Elect Director Kyoya, Yutaka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Akiyama, Sakie Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Hayashi, Keiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Nishio, Kazunori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Gonai, Masakatsu Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
PG&E Corporation
Meeting Date: 05/30/2017 Country: USA Primary Security ID: 69331C108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: PCG
Primary CUSIP: 69331C108
Shares Voted: 112
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Lewis Chew Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Anthony F. Earley, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Fred J. Fowler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Jeh C. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard C. Kelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
PG&E Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Roger H. Kimmel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Richard A. Meserve Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Forrest E. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Eric D. Mullins Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Rosendo G. Parra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Barbara L. Rambo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Anne Shen Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Geisha J. Williams Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Cease Charitable Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Chevron Corporation
Meeting Date: 05/31/2017 Country: USA Primary Security ID: 166764100 Record Date: 04/03/2017 Meeting Type: Annual Ticker: CVX
Primary CUSIP: 166764100 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chevron Corporation
Shares Voted: 143
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Wanda M. Austin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Linnet F. Deily Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Robert E. Denham Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Alice P. Gast Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Enrique Hernandez, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Jon M. Huntsman, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Charles W. Moorman, IV Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Dambisa F. Moyo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Ronald D. Sugar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Inge G. Thulin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director John S. Watson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Michael K. Wirth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Chevron Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Report on Risks of Doing Business in SH Against Against Against No Conflict-Affected Areas
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to operations in high risk countries are reasonable.
7 Annually Assess Portfolio Impacts of Policies SH to Meet 2-degree Scenario *Withdrawn Resolution*
8 Assess and Report on Transition to a Low SH Against Against Against No Carbon Economy
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
9 Require Independent Board Chairman SH Against Abstain Abstain Yes
Voting Policy Rationale: SSgA abstains on this proposal.
10 Require Director Nominee with Environmental SH Against Against Against No Experience
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
11 Amend Articles/Bylaws/Charter -- Call Special SH Against Against Against No Meetings
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Dollar General Corporation
Meeting Date: 05/31/2017 Country: USA Primary Security ID: 256677105 Record Date: 03/23/2017 Meeting Type: Annual Ticker: DG
Primary CUSIP: 256677105
Shares Voted: 80
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Warren F. Bryant Mgmt For For For No Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dollar General Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Michael M. Calbert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Sandra B. Cochran Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Patricia D. Fili-Krushel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Paula A. Price Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director William C. Rhodes, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director David B. Rickard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Todd J. Vasos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
3 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Exxon Mobil Corporation
Meeting Date: 05/31/2017 Country: USA Primary Security ID: 30231G102 Record Date: 04/06/2017 Meeting Type: Annual Ticker: XOM
Primary CUSIP: 30231G102
Shares Voted: 353
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Susan K. Avery Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Michael J. Boskin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Angela F. Braly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ursula M. Burns Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Henrietta H. Fore Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Kenneth C. Frazier Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee did not merit support.
1.7 Elect Director Douglas R. Oberhelman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Samuel J. Palmisano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Steven S. Reinemund Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director William C. Weldon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Darren W. Woods Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Exxon Mobil Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Require Independent Board Chairman SH Against For For Yes
Voting Policy Rationale: Support for this proposal is in the long-term interest of shareholders.
6 Require a Majority Vote for the Election of SH Against For For Yes Directors
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
7 Amend Bylaws -- Call Special Meetings SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
8 Amend Bylaws to Prohibit Precatory Proposals SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
9 Disclose Percentage of Females at Each SH Against Against Against No Percentile of Compensation
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
10 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
11 Increase Return of Capital to Shareholders in SH Against Against Against No Light of Climate Change Risks
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to climate change are reasonable.
12 Report on Climate Change Policies SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to climate change can be improved.
13 Report on Methane Emissions SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the company's disclosure and/or practices related to GHG emissions can be improved.
Henry Schein, Inc.
Meeting Date: 05/31/2017 Country: USA Primary Security ID: 806407102 Record Date: 04/03/2017 Meeting Type: Annual Ticker: HSIC
Primary CUSIP: 806407102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Henry Schein, Inc.
Shares Voted: 50
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Barry J. Alperin Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1b Elect Director Lawrence S. Bacow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Gerald A. Benjamin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Stanley M. Bergman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director James P. Breslawski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Paul Brons Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Joseph L. Herring Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Donald J. Kabat Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1i Elect Director Kurt P. Kuehn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Philip A. Laskawy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Mark E. Mlotek Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Steven Paladino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Carol Raphael Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Henry Schein, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1n Elect Director E. Dianne Rekow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1o Elect Director Bradley T. Sheares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Ratify BDO USA, LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mead Johnson Nutrition Company
Meeting Date: 05/31/2017 Country: USA Primary Security ID: 582839106 Record Date: 04/13/2017 Meeting Type: Special Ticker: MJN
Primary CUSIP: 582839106
Shares Voted: 20
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For Refer For No
Voting Policy Rationale: Notwithstanding some concerns regarding the sales process, a vote FOR this proposal is warranted given the substantial premium for MJN shareholders and the certainty of value inherent in the cash consideration.MJN shareholders are entitled to appraisal rights in this transaction.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
3 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Reckitt Benckiser Group plc
Meeting Date: 05/31/2017 Country: United Kingdom Primary Security ID: G74079107 Record Date: 05/26/2017 Meeting Type: Special Ticker: RB.
Primary CUSIP: G74079107
Shares Voted: 197
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Acquisition of Mead Johnson Mgmt For For For No Nutrition Company
Voting Policy Rationale: A vote FOR this resolution is warranted. The Company has provided a compelling business case, noting the synergies generated from the transaction.
Facebook, Inc.
Meeting Date: 06/01/2017 Country: USA Primary Security ID: 30303M102 Record Date: 04/07/2017 Meeting Type: Annual Ticker: FB
Primary CUSIP: 30303M102
Shares Voted: 47
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Marc L. Andreessen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Erskine B. Bowles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Susan D. Desmond-Hellmann Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Reed Hastings Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.5 Elect Director Jan Koum Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.6 Elect Director Sheryl K. Sandberg Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Facebook, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Peter A. Thiel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Mark Zuckerberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Recapitalization Plan for all Stock to SH Against For For Yes Have One-vote per Share
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
4 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
5 Report on Public Policy Issues Associated with SH Against Against Against No Fake News
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
6 Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable..
7 Require Independent Board Chairman SH Against For For Yes
Voting Policy Rationale: Support for this proposal is in the long-term interest of shareholders.
Gartner, Inc.
Meeting Date: 06/01/2017 Country: USA Primary Security ID: 366651107 Record Date: 04/03/2017 Meeting Type: Annual Ticker: IT
Primary CUSIP: 366651107
Shares Voted: 22
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Michael J. Bingle Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Peter E. Bisson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Gartner, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1c Elect Director Richard J. Bressler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Raul E. Cesan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Karen E. Dykstra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Anne Sutherland Fuchs Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1g Elect Director William O. Grabe Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1h Elect Director Eugene A. Hall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Stephen G. Pagliuca Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director James C. Smith Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Lowe's Companies, Inc.
Meeting Date: 06/02/2017 Country: USA Primary Security ID: 548661107 Record Date: 03/24/2017 Meeting Type: Annual Ticker: LOW
Primary CUSIP: 548661107
Shares Voted: 302
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Raul Alvarez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Angela F. Braly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sandra B. Cochran Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Laurie Z. Douglas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Richard W. Dreiling Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Robert L. Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Marshall O. Larsen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director James H. Morgan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Robert A. Niblock Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Bertram L. Scott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Eric C. Wiseman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Lowe's Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Assess Climate Benefits and Feasibility of SH Against Against Against No Adopting Quantitative Renewable Production Goals
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to renewable energy are reasonable.
Wal-Mart Stores, Inc.
Meeting Date: 06/02/2017 Country: USA Primary Security ID: 931142103 Record Date: 04/07/2017 Meeting Type: Annual Ticker: WMT
Primary CUSIP: 931142103
Shares Voted: 349
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director James I. Cash, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Timothy P. Flynn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Carla A. Harris Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1d Elect Director Thomas W. Horton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Marissa A. Mayer Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1f Elect Director C. Douglas McMillon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Wal-Mart Stores, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1g Elect Director Gregory B. Penner Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1h Elect Director Steven S Reinemund Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1i Elect Director Kevin Y. Systrom Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1j Elect Director S. Robson Walton Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1k Elect Director Steuart L. Walton Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
2 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
4 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Require Independent Board Chairman SH Against For For Yes
Voting Policy Rationale: Support for this proposal is in the long-term interest of shareholders.
6 Provide Proxy Access Right SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
7 Require Independent Director Nominee with SH Against Against Against No Environmental Experience
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
UnitedHealth Group Incorporated
Meeting Date: 06/05/2017 Country: USA Primary Security ID: 91324P102 Record Date: 04/11/2017 Meeting Type: Annual Ticker: UNH
Primary CUSIP: 91324P102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
UnitedHealth Group Incorporated
Shares Voted: 81
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director William C. Ballard, Jr. Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1b Elect Director Richard T. Burke Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1c Elect Director Timothy P. Flynn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Stephen J. Hemsley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Michele J. Hooper Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1f Elect Director Rodger A. Lawson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Glenn M. Renwick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Kenneth I. Shine Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Gail R. Wilensky Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Fortive Corporation
Meeting Date: 06/06/2017 Country: USA Primary Security ID: 34959J108 Record Date: 04/10/2017 Meeting Type: Annual Ticker: FTV
Primary CUSIP: 34959J108
Shares Voted: 139
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1A Elect Director Kate Mitchell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1B Elect Director Israel Ruiz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst and Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Declassify the Board of Directors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
General Motors Company
Meeting Date: 06/06/2017 Country: USA Primary Security ID: 37045V100 Record Date: 04/07/2017 Meeting Type: Proxy Contest Ticker: GM
Primary CUSIP: 37045V100
Shares Voted: 154
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Management Proxy (White Proxy Card) Mgmt
1.1 Elect Director Joseph J. Ashton Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Motors Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Mary T. Barra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Linda R. Gooden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Joseph Jimenez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Jane L. Mendillo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Michael G. Mullen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director James J. Mulva Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Patricia F. Russo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Thomas M. Schoewe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Theodore M. Solso Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Carol M. Stephenson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
4 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Motors Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Creation of Dual-Class Common Stock SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Dissident Proxy (Green Proxy Card) Mgmt
1.1 Elect Directors Leo Hindery, Jr. SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.2 Elect Director Vinit Sethi SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.3 Elect Director William N. Thorndike, Jr. SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.4 Management Nominee Joseph J. Ashton SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.5 Management Nominee Mary T. Barra SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.6 Management Nominee Linda R. Gooden SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.7 Management Nominee Joseph Jimenez SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.8 Management Nominee James J. Mulva SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.9 Management Nominee Patricia F. Russo SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
1.10 Management Nominee Thomas M. Schoewe SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
General Motors Company Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.11 Management Nominee Theodore M. Solso SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
2 Advisory Vote to Ratify Named Executive Mgmt For Do Not Do Not No Officers' Compensation Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
3 Approve Executive Incentive Bonus Plan Mgmt For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
4 Approve Omnibus Stock Plan Mgmt For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
5 Ratify Deloitte & Touche LLP as Auditors Mgmt For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
6 Require Independent Board Chairman SH Against Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
7 Creation of Dual-Class Common Stock SH For Do Not Do Not No Vote Vote
Voting Policy Rationale: SSGA has not voted on this item as it has chosen to vote a different proxy slate.
The TJX Companies, Inc.
Meeting Date: 06/06/2017 Country: USA Primary Security ID: 872540109 Record Date: 04/10/2017 Meeting Type: Annual Ticker: TJX
Primary CUSIP: 872540109
Shares Voted: 339
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Zein Abdalla Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Jose B. Alvarez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The TJX Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Alan M. Bennett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director David T. Ching Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Ernie Herrman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Michael F. Hines Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Amy B. Lane Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Carol Meyrowitz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Jackwyn L. Nemerov Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director John F. O'Brien Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Willow B. Shire Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Amend Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
5 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The TJX Companies, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
7 Include Diversity as a Performance Metric SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Report on Pay Disparity SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
9 Report on Gender, Race, or Ethnicity Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
10 Report on Net-Zero Greenhouse Gas SH Against Against Against No Emissions
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to GHG emissions are reasonable.
Alphabet Inc.
Meeting Date: 06/07/2017 Country: USA Primary Security ID: 02079K305 Record Date: 04/19/2017 Meeting Type: Annual Ticker: GOOGL
Primary CUSIP: 02079K305
Shares Voted: 36
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Larry Page Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Sergey Brin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Eric E. Schmidt Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director L. John Doerr Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Roger W. Ferguson, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Diane B. Greene Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alphabet Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director John L. Hennessy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Ann Mather Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Alan R. Mulally Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Paul S. Otellini Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director K. Ram Shriram Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Shirley M. Tilghman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the plan allows the company to reprice or replace underwater options without shareholder approval.
4 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
5 Advisory Vote on Say on Pay Frequency Mgmt Three Years One Year One Year Yes
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Approve Recapitalization Plan for all Stock to SH Against For For Yes Have One-vote per Share
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
7 Report on Lobbying Payments and Policy SH Against For For Yes
Voting Policy Rationale: This proposal merits support as the board's oversight of lobbying activities can be improved.
8 Report on Political Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to political contributions are reasonable.
9 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alphabet Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Report on Charitable Contributions SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
11 Adopt Holy Land Principles SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to the Holy Land Principles are reasonable.
12 Report on Fake News SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Biogen Inc.
Meeting Date: 06/07/2017 Country: USA Primary Security ID: 09062X103 Record Date: 04/10/2017 Meeting Type: Annual Ticker: BIIB
Primary CUSIP: 09062X103
Shares Voted: 42
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Alexander J. Denner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Caroline D. Dorsa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Nancy L. Leaming Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Richard C. Mulligan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Robert W. Pangia Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Stelios Papadopoulos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Brian S. Posner Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Biogen Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Eric K. Rowinsky Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Lynn Schenk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Stephen A. Sherwin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Michel Vounatsos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Check Point Software Technologies Ltd.
Meeting Date: 06/07/2017 Country: Israel Primary Security ID: M22465104 Record Date: 04/27/2017 Meeting Type: Annual Ticker: CHKP
Primary CUSIP: M22465104
Shares Voted: 60
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Reelect Gil Shwed as Director Until the End of Mgmt For For For No the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Check Point Software Technologies Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Reelect Marius Nacht as Director Until the End Mgmt For For For No of the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Reelect Jerry Ungerman as Director Until the Mgmt For For For No End of the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Reelect Dan Propper as Director Until the End Mgmt For For For No of the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Reelect David Rubner as Director Until the Mgmt For For For No End of the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Reelect Tal Shavit as Director Until the End of Mgmt For For For No the Next Annual General Meeting
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.1 Reelect Irwin Federman as External Director Mgmt For For For No for a Three-Year Period
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Reelect Ray Rothrock as External Director for Mgmt For Against Against Yes a Three-Year Period
Voting Policy Rationale: The director nominee did not merit support.
3 Reappoint Kost, Forer, Gabbay & Kasierer as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
4 Approve Employment Terms of Gil Shwed, Mgmt For Against Against Yes CEO
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
A Vote FOR if you are a controlling shareholder Mgmt None Against Against No or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager
Voting Policy Rationale: State Street Global Advisors, as an investment advisor and discretionary voter, believes to the best of our ability we are not affiliated with the company in any way and does not hold a controlling share position. Therefore, vote AGAINST per policy guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Compass Group PLC
Meeting Date: 06/07/2017 Country: United Kingdom Primary Security ID: G23296208 Record Date: 06/05/2017 Meeting Type: Special Ticker: CPG
Primary CUSIP: G23296182
Shares Voted: 287
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Shareholder Return by Way of Mgmt For For For No Special Dividend with Share Consolidation
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposal is considered to be in shareholders' interests. The share consolidation is linked to the payment of a special dividend. Decreasing the number of shares and thus increasing the market price per share improves the shares' marketability and liquidity, and ultimately expands the shareholder base.
2 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
3 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
4 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
5 Authorise Market Purchase of New Ordinary Mgmt For For For No Shares
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Dollarama Inc.
Meeting Date: 06/07/2017 Country: Canada Primary Security ID: 25675T107 Record Date: 04/19/2017 Meeting Type: Annual Ticker: DOL
Primary CUSIP: 25675T107 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dollarama Inc.
Shares Voted: 75
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Joshua Bekenstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Gregory David Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Elisa D. Garcia C. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Stephen Gunn Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Nicholas Nomicos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Larry Rossy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Neil Rossy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Richard Roy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Huw Thomas Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve PricewaterhouseCoopers LLP as Mgmt For For For No Auditors and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Advance Notice Requirement Mgmt For For For No
Voting Policy Rationale: Vote FOR this resolution as the ability of shareholders to cast informed votes for the election of directors is considered to be the most important use of the shareholder franchise and this provision is reasonably structured.
4 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Hong Kong and China Gas Co. Ltd.
Meeting Date: 06/07/2017 Country: Hong Kong Primary Security ID: Y33370100 Record Date: 06/01/2017 Meeting Type: Annual Ticker: 3
Primary CUSIP: Y33370100
Shares Voted: 3,300
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Elect Peter Wong Wai Yee as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3.2 Elect Lee Ka Kit as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents.
3.3 Elect David Li Kwok Po as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 33.33% independents. The director nominee is non-independent and sits on the Audit Committee.
4 Approve Remuneration of Directors and Mgmt For For For No Additional Fee for the Chairman of the Board
Voting Policy Rationale: Director fees at Hong Kong-listed companies are usually reasonable. In the absence of known concerns over director remuneration at the company, a vote FOR this proposal is warranted.
5 Approve PricewaterhouseCoopers as Auditors Mgmt For For For No and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6.1 Approve the Issuance of Bonus Shares Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted given the absence of any issues concerning the proposed Bonus Issue.
6.2 Authorize Repurchase of Issued Share Capital Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
6.3 Approve Issuance of Equity or Equity-Linked Mgmt For Against Against Yes Securities without Preemptive Rights
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Hong Kong and China Gas Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
6.4 Authorize Reissuance of Repurchased Shares Mgmt For Against Against Yes
Voting Policy Rationale: A vote against this item is warranted as the company has not specified discount limits for the issuance of shares without preemptive rights. This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is NOT warranted as the requested authorization exceeds the allowable limits of SSGA's voting guidelines.
Comcast Corporation
Meeting Date: 06/08/2017 Country: USA Primary Security ID: 20030N101 Record Date: 03/16/2017 Meeting Type: Annual Ticker: CMCSA
Primary CUSIP: 20030N101
Shares Voted: 210
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Kenneth J. Bacon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Madeline S. Bell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sheldon M. Bonovitz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Edward D. Breen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Gerald L. Hassell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Jeffrey A. Honickman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Asuka Nakahara Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director David C. Novak Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Brian L. Roberts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Comcast Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director Johnathan A. Rodgers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
6 Approve Recapitalization Plan for all Stock to SH Against For For Yes Have One-vote per Share
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Las Vegas Sands Corp.
Meeting Date: 06/08/2017 Country: USA Primary Security ID: 517834107 Record Date: 04/10/2017 Meeting Type: Annual Ticker: LVS
Primary CUSIP: 517834107
Shares Voted: 68
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Charles D. Forman Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.2 Elect Director Steven L. Gerard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director George Jamieson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Lewis Kramer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Las Vegas Sands Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For Against Against Yes Officers' Compensation
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
Riocan Real Estate Investment Trust
Meeting Date: 06/08/2017 Country: Canada Primary Security ID: 766910103 Record Date: 04/10/2017 Meeting Type: Annual Ticker: REI.UN
Primary CUSIP: 766910103
Shares Voted: 132
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Trustee Bonnie Brooks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Trustee Clare R. Copeland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Trustee Paul Godfrey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Trustee Dale H. Lastman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Trustee Jane Marshall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Trustee Sharon Sallows Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Trustee Edward Sonshine Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Riocan Real Estate Investment Trust Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.8 Elect Trustee Siim A. Vanaselja Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Trustee Charles M. Winograd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Ernst & Young LLP as Auditors and Mgmt For For For No Authorize Trustees to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Telefonica S.A.
Meeting Date: 06/08/2017 Country: Spain Primary Security ID: 879382109 Record Date: 06/02/2017 Meeting Type: Annual Ticker: TEF
Primary CUSIP: 879382109
Shares Voted: 439
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
2 Approve Allocation of Income Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3.1 Reelect Jose Maria Alvarez-Pallete Lopez as Mgmt For Against Against Yes Director
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
3.2 Reelect Ignacio Moreno Martinez as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Telefonica S.A. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.3 Ratify Appointment of and Elect Francisco Mgmt For For For No Jose Riberas Mera as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Ratify Appointment of and Elect Carmen Mgmt For For For No Garcia de Andres as Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Fix Number of Directors at 17 Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted due to a lack of concerns about the proposal.
5 Approve Dividends Charged to Unrestricted Mgmt For For For No Reserves
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
6 Authorize Issuance of Non-Convertible and/or Mgmt For For For No Convertible Bonds, Debentures, Warrants, and Other Debt Securities up to EUR 25 Billion with Exclusion of Preemptive Rights up to 20 Percent of Capital
Voting Policy Rationale: The gearing ratio is 259.2% which is within the acceptable threshold for the company's sector in this market. This item requests that shareholders authorize the board to issue shares with and without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
7 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
8 Advisory Vote on Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
The Priceline Group Inc.
Meeting Date: 06/08/2017 Country: USA Primary Security ID: 741503403 Record Date: 04/13/2017 Meeting Type: Annual Ticker: PCLN
Primary CUSIP: 741503403
Shares Voted: 14
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Timothy M. Armstrong Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Priceline Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Jeffery H. Boyd Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Jan L. Docter Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Jeffrey E. Epstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Glenn D. Fogel Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director James M. Guyette Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Robert J. Mylod, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Charles H. Noski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Nancy B. Peretsman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Thomas E. Rothman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Craig W. Rydin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Lynn M. Vojvodich Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
The Priceline Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
MetLife, Inc.
Meeting Date: 06/13/2017 Country: USA Primary Security ID: 59156R108 Record Date: 04/14/2017 Meeting Type: Annual Ticker: MET
Primary CUSIP: 59156R108
Shares Voted: 183
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Cheryl W. Grise Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Carlos M. Gutierrez Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director David L. Herzog Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director R. Glenn Hubbard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Steven A. Kandarian Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Alfred F. Kelly, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Edward J. Kelly, III Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director William E. Kennard Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director James M. Kilts Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
MetLife, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director Catherine R. Kinney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Denise M. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
Sonova Holding AG
Meeting Date: 06/13/2017 Country: Switzerland Primary Security ID: H8024W106 Record Date: Meeting Type: Annual Ticker: SOON
Primary CUSIP: H8024W106
Shares Voted: 49
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
1.2 Approve Remuneration Report (Non-Binding) Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
2 Approve Allocation of Income and Dividends Mgmt For For For No of CHF 2.30 per Share
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sonova Holding AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Approve Discharge of Board and Senior Mgmt For For For No Management
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4.1.1 Reelect Robert Spoerry as Director and Board Mgmt For For For No Chairman
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.2 Reelect Beat Hess as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.3 Elect Lynn Dorsey Bleil as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.4 Reelect Michael Jacobi as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.5 Reelect Stacy Enxing Seng as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.6 Reelect Anssi Vanjoki as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.7 Reelect Roland van der Vis as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1.8 Reelect Jinlong Wang as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2.1 Appoint Robert Spoerry as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.2 Appoint Beat Hess as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.2.3 Appoint Stacy Enxing Seng as Member of the Mgmt For For For No Compensation Committee
Voting Policy Rationale: The nominee merits support per voting guidelines.
4.3 Ratify PricewaterhouseCoopers AG as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sonova Holding AG Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.4 Designate Andreas Keller as Independent Mgmt For For For No Proxy
Voting Policy Rationale: A vote FOR this proposal is warranted due to a lack of concerns.
5.1 Approve Remuneration of Board of Directors Mgmt For For For No in the Amount of CHF 3 Million
Voting Policy Rationale: A vote FOR this resolution is warranted.
5.2 Approve Remuneration of Executive Mgmt For For For No Committee in the Amount of CHF 16.9 Million
Voting Policy Rationale: A vote FOR this item is warranted because the company has provided a reasonable explanation for the proposed increase in potential remuneration for the management board.
6 Approve CHF 4,600 Reduction in Share Mgmt For For For No Capital via Cancellation of Shares
Voting Policy Rationale: A vote FOR the proposed share capital reduction is warranted because:- Share repurchases benefit shareholders by boosting the trading price and returning surplus capital, and- Repurchases improve the efficiency of the balance sheet, which may enhance returns over the long term, and ISS supported the original repurchase program.
7 Transact Other Business (Voting) Mgmt For Against Against Yes
Voting Policy Rationale: This proposal does not merit support due to concerns with the nature/conditions and/or the lack of information on this proposal.
Amadeus IT Group SA
Meeting Date: 06/14/2017 Country: Spain Primary Security ID: E04648114 Record Date: 06/09/2017 Meeting Type: Annual Ticker: AMS
Primary CUSIP: N/A
Shares Voted: 352
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Consolidated and Standalone Mgmt For For For No Financial Statements
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Allocation of Income and Dividends Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
3 Approve Discharge of Board Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per SSGA's voting guidelines.
4 Renew Appointment of Deloitte as Auditor Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Amadeus IT Group SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5.1 Elect Nicolas Huss as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.2 Reelect Jose Antonio Tazon Garcia as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.3 Reelect Luis Maroto Camino as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.4 Reelect David Gordon Comyn Webster as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.5 Reelect Pierre-Henri Gourgeon as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.6 Reelect Guillermo de la Dehesa Romero as Mgmt For For For No Director
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.7 Reelect Clara Furse as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5.8 Reelect Francesco Loredan as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.9 Reelect Stuart McAlpine as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.10 Reelect Marc Verspyck as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
5.11 Reelect Roland Busch as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a nominee who is non-independent at companies where the full board is comprised of less than 50% independents.
6 Advisory Vote on Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company
7 Approve Remuneration of Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because the proposed remuneration for board-related duties is within market standards. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Amadeus IT Group SA Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Authorize Board to Ratify and Execute Mgmt For For For No Approved Resolutions
Voting Policy Rationale: A vote FOR this standard resolution is warranted as it provides the board with the means to carry out the agreements validly adopted by the general meeting.
Caterpillar Inc.
Meeting Date: 06/14/2017 Country: USA Primary Security ID: 149123101 Record Date: 04/17/2017 Meeting Type: Annual Ticker: CAT
Primary CUSIP: 149123101
Shares Voted: 40
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director David L. Calhoun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Daniel M. Dickinson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Juan Gallardo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Jesse J. Greene, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Jon M. Huntsman, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Dennis A. Muilenburg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director William A. Osborn Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support per voting guidelines.
1.8 Elect Director Debra L. Reed Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Edward B. Rust, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Caterpillar Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director Susan C. Schwab Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Jim Umpleby Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Miles D. White Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Rayford Wilkins, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers as Auditors Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Report on Lobbying Payments and Policy SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the board has reasonable oversight of lobbying activities.
7 Reduce Ownership Threshold for SH Against Against Against No Shareholders to Call Special Meeting
Voting Policy Rationale: This item does not merit support as the company has alternate shareholder rights in place that support the interests of long-term shareholders.
8 Report on Lobbying Priorities SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
9 Include Sustainability as a Performance SH Against Against Against No Measure for Senior Executive Compensation
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
10 Amend Compensation Clawback Policy SH Against Abstain Abstain Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Caterpillar Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
11 Require Independent Board Chairman SH Against Against Against No
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Celgene Corporation
Meeting Date: 06/14/2017 Country: USA Primary Security ID: 151020104 Record Date: 04/20/2017 Meeting Type: Annual Ticker: CELG
Primary CUSIP: 151020104
Shares Voted: 37
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Robert J. Hugin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Mark J. Alles Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Richard W. Barker Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Michael W. Bonney Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Michael D. Casey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Carrie S. Cox Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Michael A. Friedman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Julia A. Haller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Gilla S. Kaplan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Celgene Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.10 Elect Director James J. Loughlin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Ernest Mario Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Provide For Confidential Running Vote Tallies SH Against Against Against No On Executive Pay Matters
Voting Policy Rationale: This item does not merit support as it is not in the best interest of long-term shareholders.
Target Corporation
Meeting Date: 06/14/2017 Country: USA Primary Security ID: 87612E106 Record Date: 04/17/2017 Meeting Type: Annual Ticker: TGT
Primary CUSIP: 87612E106
Shares Voted: 264
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Roxanne S. Austin Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Douglas M. Baker, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Brian C. Cornell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Target Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1d Elect Director Calvin Darden Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Henrique De Castro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Robert L. Edwards Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Melanie L. Healey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Donald R. Knauss Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Monica C. Lozano Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Mary E. Minnick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Derica W. Rice Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Kenneth L. Salazar Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Approve Executive Incentive Bonus Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Toyota Motor Corp.
Meeting Date: 06/14/2017 Country: Japan Primary Security ID: J92676113 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 7203
Primary CUSIP: J92676113
Shares Voted: 300
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Uchiyamada, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Hayakawa, Shigeru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Toyoda, Akio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Didier Leroy Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Terashi, Shigeki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Nagata, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Uno, Ikuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Kato, Haruhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Mark T. Hogan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Appoint Alternate Statutory Auditor Sakai, Mgmt For For For No Ryuji
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
4 Approve Compensation Ceiling for Directors Mgmt For For For No
Voting Policy Rationale: A vote FOR this proposal is warranted because:- Financial performance does not imply that the company has failed to conduct business in the interests of shareholders. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dollar Tree, Inc.
Meeting Date: 06/15/2017 Country: USA Primary Security ID: 256746108 Record Date: 04/13/2017 Meeting Type: Annual Ticker: DLTR
Primary CUSIP: 256746108
Shares Voted: 52
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Arnold S. Barron Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Gregory M. Bridgeford Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Macon F. Brock, Jr. Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Mary Anne Citrino Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director H. Ray Compton Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.6 Elect Director Conrad M. Hall Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Lemuel E. Lewis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Bob Sasser Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Thomas A. Saunders, III Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1.10 Elect Director Thomas E. Whiddon Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Carl P. Zeithaml Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dollar Tree, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Equity Residential
Meeting Date: 06/15/2017 Country: USA Primary Security ID: 29476L107 Record Date: 03/31/2017 Meeting Type: Annual Ticker: EQR
Primary CUSIP: 29476L107
Shares Voted: 55
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John W. Alexander Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Charles L. Atwood Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Linda Walker Bynoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Connie K. Duckworth Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Mary Kay Haben Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Bradley A. Keywell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director John E. Neal Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director David J. Neithercut Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Equity Residential Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Mark S. Shapiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Gerald A. Spector Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Stephen E. Sterrett Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Samuel Zell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify Ernst & Young LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Provide Shareholders the Right to Amend SH Against For For Yes Bylaws
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
Honda Motor Co. Ltd.
Meeting Date: 06/15/2017 Country: Japan Primary Security ID: J22302111 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 7267
Primary CUSIP: J22302111
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 24
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Honda Motor Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2 Amend Articles to Abolish Board Structure Mgmt For For For No with Statutory Auditors - Adopt Board Structure with Audit Committee - Amend Provisions on Number of Directors - Authorize Directors to Execute Day to Day Operations without Full Board Approval
Voting Policy Rationale: This item merits support per voting guidelines.
3.1 Elect Director Hachigo, Takahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Director Kuraishi, Seiji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.3 Elect Director Matsumoto, Yoshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Director Mikoshiba, Toshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Yamane, Yoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Director Takeuchi, Kohei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Kunii, Hideko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Ozaki, Motoki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.9 Elect Director Ito, Takanobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Elect Director and Audit Committee Member Mgmt For Against Against Yes Yoshida, Masahiro
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
4.2 Elect Director and Audit Committee Member Mgmt For Against Against Yes Suzuki, Masafumi
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Honda Motor Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.3 Elect Director and Audit Committee Member Mgmt For For For No Hiwatari, Toshiaki
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.4 Elect Director and Audit Committee Member Mgmt For For For No Takaura, Hideo
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.5 Elect Director and Audit Committee Member Mgmt For For For No Tamura, Mayumi
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Approve Compensation Ceiling for Directors Mgmt For For For No Who Are Not Audit Committee Members
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The proposal reflects the company's adoption of a board with an audit committee, which appears beneficial to shareholders.
6 Approve Compensation Ceiling for Directors Mgmt For For For No Who Are Audit Committee Members
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The proposal reflects the company's adoption of a board with an audit committee, which appears beneficial to shareholders.
Sony Corporation
Meeting Date: 06/15/2017 Country: Japan Primary Security ID: J76379106 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6758
Primary CUSIP: J76379106
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Hirai, Kazuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Yoshida, Kenichiro Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.3 Elect Director Nagayama, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Nimura, Takaaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sony Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director Harada, Eiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Tim Schaaff Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Matsunaga, Kazuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Miyata, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director John V. Roos Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Sakurai, Eriko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Minakawa, Kunihito Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Sumi, Shuzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Stock Option Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
DaVita Inc.
Meeting Date: 06/16/2017 Country: USA Primary Security ID: 23918K108 Record Date: 04/24/2017 Meeting Type: Annual Ticker: DVA
Primary CUSIP: 23918K108
Shares Voted: 42
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Pamela M. Arway Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
DaVita Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1b Elect Director Charles G. Berg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Carol Anthony ("John") Mgmt For For For No Davidson
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Barbara J. Desoer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Pascal Desroches Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Paul J. Diaz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Peter T. Grauer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director John M. Nehra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director William L. Roper Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Kent J. Thiry Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Phyllis R. Yale Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Astellas Pharma Inc.
Meeting Date: 06/19/2017 Country: Japan Primary Security ID: J03393105 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4503
Primary CUSIP: J03393105
Shares Voted: 800
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 17
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Hatanaka, Yoshihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Yasukawa, Kenji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Okajima, Etsuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Aizawa, Yoshiharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Sekiyama, Mamoru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Yamagami, Keiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
H&R Real Estate Investment Trust
Meeting Date: 06/19/2017 Country: Canada Primary Security ID: 404428203 Record Date: 05/05/2017 Meeting Type: Annual Ticker: HR.UN
Primary CUSIP: 404428203 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H&R Real Estate Investment Trust
Shares Voted: 237
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
In Respect of the Real Estate Investment Mgmt Trust
1 Elect Alex Avery as Trustee of the REIT Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Robert E. Dickson as Trustee of the Mgmt For For For No REIT
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Edward Gilbert as Trustee of the REIT Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Elect Thomas J. Hofstedter as Trustee of the Mgmt For For For No REIT
Voting Policy Rationale: The director nominee merits support per voting guidelines.
5 Elect Laurence A. Lebovic as Trustee of the Mgmt For For For No REIT
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Juli Morrow as Trustee of the REIT Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Ronald C. Rutman as Trustee of the Mgmt For For For No REIT
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Elect Stephen L. Sender as Trustee of the Mgmt For For For No REIT
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Approve KPMG LLP as Auditors of the REIT Mgmt For For For No and Authorize Trustees to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Advisory Vote on Executive Compensation Mgmt For For For No Approach
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
11 Amend Declaration of Trust Mgmt For For For No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
In Respect of Finance Trust Mgmt Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
H&R Real Estate Investment Trust Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Elect Marvin Rubner as Trustee of the Finance Mgmt For For For No Trust
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Shimshon (Stephen) Gross as Trustee of Mgmt For For For No the Finance Trust
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Elect Neil Sigler as Trustee of the Finance Mgmt For For For No Trust
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve KPMG LLP as Auditors of Finance Mgmt For For For No Trust and Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Monster Beverage Corporation
Meeting Date: 06/19/2017 Country: USA Primary Security ID: 61174X109 Record Date: 04/24/2017 Meeting Type: Annual Ticker: MNST
Primary CUSIP: 61174X109
Shares Voted: 51
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Rodney C. Sacks Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Hilton H. Schlosberg Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.3 Elect Director Mark J. Hall Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.4 Elect Director Norman C. Epstein Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
1.5 Elect Director Gary P. Fayard Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Monster Beverage Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Benjamin M. Polk Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Sydney Selati Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Harold C. Taber, Jr. Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is Chairperson of the Governance/Nominating Committee of a company where SSGA has concerns with the company board refreshment practices.
1.9 Elect Director Kathy N. Waller Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA is withholding support from the nominee due to concerns with governance practices at the company.
1.10 Elect Director Mark S. Vidergauz Mgmt For Withhold Withhold Yes
Voting Policy Rationale: SSGA does not support the election of the nominee due to tenure and board refreshment concerns at the company.
2 Ratify Deloitte & Touche LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Approve Non-Employee Director Omnibus Mgmt For For For No Stock Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
6 Adopt Proxy Access Right SH Against For For Yes
Voting Policy Rationale: Support for this proposal is warranted as it enhances long-term shareholder rights.
7 Report on Sustainability, Including Water SH Against For For Yes Risks
Voting Policy Rationale: This proposal merits support as the company's sustainability disclosure and practices can be improved.
NTT DoCoMo Inc.
Meeting Date: 06/20/2017 Country: Japan Primary Security ID: J59399121 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9437
Primary CUSIP: J59399105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
NTT DoCoMo Inc.
Shares Voted: 300
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 40
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Amend Articles to Amend Business Lines Mgmt For For For No
Voting Policy Rationale: This item merits support per voting guidelines.
3.1 Elect Director Nakamura, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Director Tamura, Hozumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Appoint Statutory Auditor Suto, Shoji Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4.2 Appoint Statutory Auditor Sagae, Hironobu Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is not supporting this ballot item due to concerns with the outside statutory auditor nominee's affiliation with the company, which could compromise the nominee's independence.
Recruit Holdings Co., Ltd.
Meeting Date: 06/20/2017 Country: Japan Primary Security ID: J6433A101 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6098
Primary CUSIP: N/A
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Minegishi, Masumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Ikeuchi, Shogo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Sagawa, Keiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Recruit Holdings Co., Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Oyagi, Shigeo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Shingai, Yasushi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Appoint Alternate Statutory Auditor Shinkawa, Mgmt For For For No Asa
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
3 Approve Compensation Ceiling for Statutory Mgmt For For For No Auditors
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The size of the proposed ceiling cannot be regarded as high.
BlackBerry Limited
Meeting Date: 06/21/2017 Country: Canada Primary Security ID: 09228F103 Record Date: 05/05/2017 Meeting Type: Annual/Special Ticker: BB
Primary CUSIP: 09228F103
Shares Voted: 183
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director John Chen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Michael A. Daniels Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Timothy Dattels Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The nominee attended less than 75% of the board and committee meetings that they were scheduled to attend during the previous fiscal year without a valid excuse (e.g. illness, work on behalf of the company, service to the nation).
1.4 Elect Director Richard Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Laurie Smaldone Alsup Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
BlackBerry Limited Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Barbara Stymiest Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director V. Prem Watsa Mgmt For Withhold Withhold Yes
Voting Policy Rationale: The director nominee is a serving CEO, who sits on more than 3 public company boards, and does not merit support as per voting guidelines due to overboarding concerns.
1.8 Elect Director Wayne Wouters Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Ernst & Young LLP as Auditors and Mgmt For For For No Authorize Board to Fix Their Remuneration
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Amend Equity Incentive Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
4 Re-approve Deferred Share Unit Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Advisory Vote on Executive Compensation Mgmt For Against Against Yes Approach
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Hitachi Ltd.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J20454112 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6501
Primary CUSIP: J20454112
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Baba Kalyani Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Cynthia Carroll Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hitachi Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.3 Elect Director Sakakibara, Sadayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director George Buckley Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Louise Pentland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Mochizuki, Harufumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Yamamoto, Takatoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Philip Yeo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Yoshihara, Hiroaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Tanaka, Kazuyuki Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.11 Elect Director Nakanishi, Hiroaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.12 Elect Director Nakamura, Toyoaki Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.13 Elect Director Higashihara, Toshiaki Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
Hoya Corp.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J22848105 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 7741
Primary CUSIP: J22848105 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Hoya Corp.
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Koeda, Itaru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Uchinaga, Yukako Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Urano, Mitsudo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Takasu, Takeo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Kaihori, Shuzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Suzuki, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
KDDI Corporation
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J31843105 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9433
Primary CUSIP: J31843105
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 45
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Onodera, Tadashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Tanaka, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
KDDI Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.3 Elect Director Morozumi, Hirofumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Takahashi, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Ishikawa, Yuzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Uchida, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Shoji, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Muramoto, Shinichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Mori, Keiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Yamaguchi, Goro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Kodaira, Nobuyori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Fukukawa, Shinji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Tanabe, Kuniko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.14 Elect Director Nemoto, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Kobe Steel Ltd.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J34555250 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 5406
Primary CUSIP: J34555144 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Kobe Steel Ltd.
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Kawasaki, Hiroya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Onoe, Yoshinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Kaneko, Akira Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Umehara, Naoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Yamaguchi, Mitsugu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Manabe, Shohei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Koshiishi, Fusaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Miyake, Toshiya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Naraki, Kazuhide Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Kitabata, Takao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Bamba, Hiroyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Elect Alternate Director and Audit Committee Mgmt For For For No Member Kitabata, Takao
Voting Policy Rationale: The director nominee merits support per voting guidelines Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi Tanabe Pharma Corp.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J4448H104 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4508
Primary CUSIP: J4448H104
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 28
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Mitsuka, Masayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kobayashi, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Ishizaki, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Murakami, Seiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Tabaru, Eizo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Tanaka, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Hattori, Shigehiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Iwane, Shigeki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Kamijo, Tsutomu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Kikuchi, Matsuo Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Appoint Alternate Statutory Auditor Ichida, Mgmt For Against Against Yes Ryo
Voting Policy Rationale: A vote AGAINST this nominee is warranted because:- The outside statutory auditor nominee's affiliation with the company could compromise independence. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi Tanabe Pharma Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Trust-Type Equity Compensation Mgmt For For For No Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
6 Approve Compensation Ceiling for Statutory Mgmt For For For No Auditors
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The size of the proposed ceiling cannot be regarded as high.
Mitsui & Co.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J44690139 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8031
Primary CUSIP: J44690139
Shares Voted: 400
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 30
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Iijima, Masami Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Yasunaga, Tatsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Kato, Hiroyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Hombo, Yoshihiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Suzuki, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Tanaka, Satoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Matsubara, Keigo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsui & Co. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.8 Elect Director Fujii, Shinsuke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Kitamori, Nobuaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Muto, Toshiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Kobayashi, Izumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Jenifer Rogers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Takeuchi, Hirotaka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.14 Elect Director Samuel Walsh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Mori, Kimitaka Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Compensation Ceilings for Directors Mgmt For For For No and Statutory Auditors
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The company proposes to increase the performance-based compensation portion for directors.- The size of the proposed ceilings cannot be regarded as excessively high.
SoftBank Group Corp.
Meeting Date: 06/21/2017 Country: Japan Primary Security ID: J75963108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9984
Primary CUSIP: J75963108
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 22
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SoftBank Group Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.1 Elect Director Son, Masayoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Miyauchi, Ken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Ronald Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Marcelo Claure Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Rajeev Misra Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Simon Segars Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Yun Ma Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Yanai, Tadashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Nagamori, Shigenobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Mark Schwartz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Yasir O. Al-Rumayyan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1 Appoint Statutory Auditor Suzaki, Masato Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3.2 Appoint Statutory Auditor Uno, Soichiro Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3.3 Appoint Statutory Auditor Kubokawa, Mgmt For For For No Hidekazu
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
SoftBank Group Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Approve Stock Option Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Whitbread PLC
Meeting Date: 06/21/2017 Country: United Kingdom Primary Security ID: G9606P197 Record Date: 06/19/2017 Meeting Type: Annual Ticker: WTB
Primary CUSIP: G9606P197
Shares Voted: 63
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
2 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Approve Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Approve Final Dividend Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
5 Elect David Atkins as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
6 Elect Adam Crozier as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
7 Elect Deanna Oppenheimer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
8 Re-elect Richard Baker as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
9 Re-elect Alison Brittain as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Whitbread PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Re-elect Nicholas Cadbury as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
11 Re-elect Sir Ian Cheshire as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
12 Re-elect Chris Kennedy as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
13 Re-elect Louise Smalley as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
14 Re-elect Susan Martin as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
15 Reappoint Deloitte LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
16 Authorise the Audit Committee to Fix Mgmt For For For No Remuneration of Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
17 Authorise EU Political Donations and Mgmt For For For No Expenditure
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
18 Authorise Issue of Equity with Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
19 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
20 Authorise Issue of Equity without Pre-emptive Mgmt For For For No Rights in Connection with an Acquisition or Other Capital Investment
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
21 Authorise Market Purchase of Ordinary Shares Mgmt For For For No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Whitbread PLC Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
22 Authorise the Company to Call General Mgmt For Against Against Yes Meeting with Two Weeks' Notice
Voting Policy Rationale: This item does not merit support per policy guidelines as it negatively impacts shareholder rights.
Shionogi & Co., Ltd.
Meeting Date: 06/22/2017 Country: Japan Primary Security ID: J74229105 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4507
Primary CUSIP: J74229105
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 38
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Shiono, Motozo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Teshirogi, Isao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Sawada, Takuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Nomura, Akio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Mogi, Teppei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Ando, Keiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Hirasawa, Masahide Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is not supporting this ballot item due to concerns with the outside statutory auditor nominee's affiliation with the company, which could compromise the nominee's independence. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
West Japan Railway Co.
Meeting Date: 06/22/2017 Country: Japan Primary Security ID: J95094108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9021
Primary CUSIP: J95094108
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 70
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Alps Electric Co. Ltd.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J01176114 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6770
Primary CUSIP: J01176114
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 15
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Kataoka, Masataka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kuriyama, Toshihiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Kimoto, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Sasao, Yasuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Amagishi, Yoshitada Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Umehara, Junichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Alps Electric Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.7 Elect Director Edagawa, Hitoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Daiomaru, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Okayasu, Akihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Saeki, Tetsuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Kega, Yoichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Sato, Hiroyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Aon plc
Meeting Date: 06/23/2017 Country: United Kingdom Primary Security ID: G0408V102 Record Date: 04/25/2017 Meeting Type: Annual Ticker: AON
Primary CUSIP: 037389103
Shares Voted: 88
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Lester B. Knight Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Gregory C. Case Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Jin-Yong Cai Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Fulvio Conti Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Aon plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.5 Elect Director Cheryl A. Francis Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director J. Michael Losh Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Robert S. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Richard B. Myers Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Richard C. Notebaert Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Gloria Santona Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Carolyn Y. Woo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Approve Remuneration Policy Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
5 Advisory Vote to Ratify Directors' Mgmt For For For No Remuneration Report
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
6 Accept Financial Statements and Statutory Mgmt For For For No Reports
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
7 Ratify Ernst & Young LLP as Aon's Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
8 Ratify Ernst & Young LLP as Aon's U.K. Mgmt For For For No Statutory Auditor
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Aon plc Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Authorize Board to Fix Remuneration of Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
10 Authorise Shares for Market Purchase Mgmt For Refer Against Yes
Voting Policy Rationale: A vote AGAINST this proposal is warranted because there is no disclosed volume limit.SSGA does not support this item due to concerns with the long duration of the authorization.
11 Issue of Equity or Equity-Linked Securities Mgmt For For For No with Pre-emptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
12 Issue of Equity or Equity-Linked Securities Mgmt For For For No without Pre-emptive Rights
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA’s voting guidelines.
13 Approve Political Donations Mgmt For For For No
Voting Policy Rationale: A vote FOR this resolution is warranted because the company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
Itochu Corp.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J2501P104 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8001
Primary CUSIP: J2501P104
Shares Voted: 600
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 27.5
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Amend Articles to Amend Business Lines Mgmt For For For No
Voting Policy Rationale: This item merits support per voting guidelines.
3.1 Elect Director Okafuji, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Director Okamoto, Hitoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Itochu Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.3 Elect Director Suzuki, Yoshihisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Director Kobayashi, Fumihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Hachimura, Tsuyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Director Fujisaki, Ichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Kawakita, Chikara Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Muraki, Atsuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.9 Elect Director Mochizuki, Harufumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Appoint Statutory Auditor Majima, Shingo Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4.2 Appoint Statutory Auditor Ono, Kotaro Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Marubeni Corp.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J39788138 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8002
Primary CUSIP: J39788138
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Asada, Teruo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Marubeni Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.2 Elect Director Kokubu, Fumiya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Akiyoshi, Mitsuru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Yamazoe, Shigeru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Minami, Hikaru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Yabe, Nobuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Kitabata, Takao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Takahashi, Kyohei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Fukuda, Susumu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Okina, Yuri Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.1 Appoint Statutory Auditor Gunji, Kazuro Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
2.2 Appoint Statutory Auditor Hatchoji, Takashi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
2.3 Appoint Statutory Auditor Yoneda, Tsuyoshi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mitsubishi Corp.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J43830116 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8058
Primary CUSIP: J43830116 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi Corp.
Shares Voted: 300
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 50
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Kobayashi, Ken Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kakiuchi, Takehiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Tanabe, Eiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Hirota, Yasuhito Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Masu, Kazuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Toide, Iwao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Murakoshi, Akira Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Sakakida, Masakazu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Konno, Hidehiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Nishiyama, Akihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Omiya, Hideaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Oka, Toshiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.13 Elect Director Saiki, Akitaka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
Mizuho Financial Group Inc.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J4599L102 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8411
Primary CUSIP: J4599L102
Shares Voted: 2,500
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Amend Articles to Remove Provisions on Mgmt For For For No Non-Common Shares
Voting Policy Rationale: This item merits support per voting guidelines.
2.1 Elect Director Sato, Yasuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Nishiyama, Takanori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Iida, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Umemiya, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Shibata, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Aya, Ryusuke Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.7 Elect Director Funaki, Nobukatsu Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mizuho Financial Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.8 Elect Director Seki, Tetsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Kawamura, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Kainaka, Tatsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Abe, Hirotake Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Ota, Hiroko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Kobayashi, Izumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Amend Articles to Restore Shareholder SH Against For For Yes Authority to Vote on Income Allocation
Voting Policy Rationale: A vote FOR this shareholder proposal is warranted because:- The ability to submit alternate income allocation proposals will hold management more accountable for efficient capital allocation and restore a right unnecessarily removed when the company adopted the three-committee board structure.- The proposal would help the company improve its communication with shareholders by increasing opportunities for shareholders to express their views specifically on dividends, and the board should also benefit from that because it can choose to submit proposals to a shareholder vote.
4 Amend Articles to Require Company to Urge SH Against Against Against No Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
5 Amend Articles to Require Individual SH Against Against Against No Compensation Disclosure for Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Amend Articles to Separate Chairman of the SH Against Against Against No Board and CEO
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Amend Articles to Create System that Enables SH Against Against Against No Employees to be Reinstated after Running for Office in National Elections, Local Assembly Elections, and Elections for the Heads of Local Governments
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mizuho Financial Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
8 Amend Articles to Disclose Director Training SH Against Against Against No Policy
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
9 Amend Articles to Add Provisions on SH Against Against Against No Communications and Responses between Shareholders and Directors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
10 Amend Articles to Add Provisions Allowing SH Against Against Against No Shareholders to Nominate Director Candidates to Nomination Committee and Its Equal Treatment
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- Shareholders are already legally entitled to submit shareholder proposals regarding nomination of directors, rendering this proposal unnecessary.
11 Amend Articles to Allow Inclusion of SH Against Against Against No Shareholder Proposals in Convocation Notice with the Upper Limit of 100 at Minimum
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
12 Amend Articles to Establish Liaison for SH Against Against Against No Reporting Concerns to Audit Committee
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
13 Amend Articles to Mandate Holding of SH Against Against Against No Meetings Consisting Solely of Outside Directors
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- While the proposed change is in line with best practices of board management recognized globally, given the company's current board profile and practices, it is the board that should be best positioned to determine if it needs meetings composed entirely of outsiders.
14 Amend Articles to Add Provisions on SH Against Against Against No Recruitment and Offer of Senior Positions to Women Who Interrupted Their Careers for Childbirth
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
15 Amend Articles to Prohibit Discriminatory SH Against Against Against No Treatment of Activist Investors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
16 Amend Articles to Establish Special SH Against Against Against No Committee on Expressing the Company's Opinion on Recent Actions by the Minister of Justice
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mizuho Financial Group Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
17 Amend Articles to Establish Special SH Against Against Against No Investigation Committee on Frozen Bank Account Issue at Shakujii Branch
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
18 Amend Articles to Establish Special SH Against Against Against No Investigation Committee on Loans
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
19 Amend Articles to Hand over Petition Calling SH Against Against Against No for Refraining of Strongly Pursuing Negative Interest Rate Policy to Governor of the Bank of Japan
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
Nomura Research Institute Ltd.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J5900F106 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4307
Primary CUSIP: J5900F106
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Shimamoto, Tadashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Suzuki, Hiroyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Konomoto, Shingo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ueno, Ayumu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Usumi, Yoshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Itano, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nomura Research Institute Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.7 Elect Director Utsuda, Shoei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Doi, Miwako Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Matsuzaki, Masatoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Appoint Statutory Auditor Okubo, Noriaki Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Resona Holdings, Inc.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J6448E106 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8308
Primary CUSIP: J6448E106
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Amend Articles to Remove Provisions on Mgmt For For For No Non-Common Shares
Voting Policy Rationale: This item merits support per voting guidelines.
2.1 Elect Director Higashi, Kazuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kan, Tetsuya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Hara, Toshiki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Isono, Kaoru Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.5 Elect Director Arima, Toshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Resona Holdings, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.6 Elect Director Sanuki, Yoko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Urano, Mitsudo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Matsui, Tadamitsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Sato, Hidehiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Baba, Chiharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Amend Articles to Hand over Petition Calling SH Against Against Against No for Refraining of Strongly Pursuing Negative Interest Rate Policy to Governor of the Bank of Japan
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
4 Amend Articles to Require Individual SH Against Against Against No Compensation Disclosure for Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal..
5 Amend Articles to Separate Chairman of the SH Against Against Against No Board and CEO
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
6 Amend Articles to Create System that Enables SH Against Against Against No Employees to be Reinstated after Running for Office in National Elections, Local Assembly Elections, and Elections for the Heads of Local Governments
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
7 Amend Articles to Require Company to Urge SH Against Against Against No Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
8 Amend Articles to Disclose Director Training SH Against Against Against No Policy
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Resona Holdings, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
9 Amend Articles to Add Provisions on SH Against Against Against No Communications and Responses between Shareholders and Directors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
10 Amend Articles to Add Provisions Allowing SH Against Against Against No Shareholders to Nominate Director Candidates to Nomination Committee and Its Equal Treatment
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- Shareholders are already legally entitled to submit shareholder proposals regarding nomination of directors, rendering this proposal unnecessary.
11 Amend Articles to Allow Inclusion of SH Against Against Against No Shareholder Proposals in Convocation Notice with the Upper Limit of 100 at Minimum
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
12 Amend Articles to Establish Liaison for SH Against Against Against No Reporting Concerns to Audit Committee
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
13 Amend Articles to Mandate Holding of SH Against Against Against No Meetings Consisting Solely of Outside Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
14 Amend Articles to Add Provisions on SH Against Against Against No Recruitment and Offer of Senior Positions to Women Who Interrupted Their Careers for Childbirth
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
15 Amend Articles to Prohibit Discriminatory SH Against Against Against No Treatment of Activist Investors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
16 Amend Articles to Establish Special SH Against Against Against No Committee on Expressing the Company's Opinion on Recent Actions by Justice Minister Katsutoshi Kaneda
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
17 Amend Articles to Establish Special SH Against Against Against No Investigation Committee on Loans to K.K. Kenko
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Resona Holdings, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
18 Remove Director Mitsudo Urano from Office SH Against Against Against No
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- We are unaware of any particular reasons that Urano is unqualified as a director.
19 Amend Articles to Establish Special SH Against Against Against No Investigation Committee on Director Mitsudo Urano
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
20 Appoint Shareholder Director Nominee Lucian SH Against Against Against No Bebchuk in place of Mitsudo Urano
Voting Policy Rationale: A vote AGAINST this nominee is recommended because:- The proposed language explicitly links Bebchuk's appointment to Urano's ouster, which is not well supported.- Bebchuk has attractive credentials and an excellent reputation, but there is no indication he is actually available to serve on Resona's board or that he has agreed to do so.- The board's all-outsider nomination committee, with its independent director majority, deserves the benefit of the doubt in identifying and nominating qualified, independent nominees.
Subaru Corp
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J7676H100 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 7270
Primary CUSIP: J14406136
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 72
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Amend Articles to Amend Provisions on Mgmt For For For No Director Titles - Clarify Director Authority on Board Meetings
Voting Policy Rationale: This item merits support per voting guidelines.
3.1 Elect Director Yoshinaga, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Director Kondo, Jun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.3 Elect Director Tachimori, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Subaru Corp Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.4 Elect Director Kasai, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Okada, Toshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Director Kato, Yoichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Komamura, Yoshinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Aoyama, Shigehiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Appoint Alternate Statutory Auditor Mgmt For For For No Tamazawa, Kenji
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
5 Approve Equity Compensation Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Tokyo Electric Power Co Holdings Inc.
Meeting Date: 06/23/2017 Country: Japan Primary Security ID: J86914108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9501
Primary CUSIP: J86914108
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Annen, Junji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Utsuda, Shoei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Kaneko, Yoshinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tokyo Electric Power Co Holdings Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.4 Elect Director Kawasaki, Toshihiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Kawamura, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Kunii, Hideko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Kobayakawa, Tomoaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Takaura, Hideo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Taketani, Noriaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.10 Elect Director Toyama, Kazuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.11 Elect Director Nishiyama, Keita Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
1.12 Elect Director Makino, Shigenori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.13 Elect Director Moriya, Seiji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Amend Articles to Resume Nuclear Power SH Against Abstain Abstain Yes Generation Early to Reduce Carbon Dioxide Emission, while Maintaining Profitability
Voting Policy Rationale: SSGA is abstaining on the proposal as the company's disclosure and/or practices related to the environment are broadly in line with market standard but could be enhanced.
3.1 Appoint Shareholder Director Nominee SH Against Against Against No Murata, Haruki
Voting Policy Rationale: The director nominee did not merit support.
3.2 Appoint Shareholder Director Nominee SH Against Against Against No Higashikawa, Tadashi
Voting Policy Rationale: The director nominee did not merit support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tokyo Electric Power Co Holdings Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4 Amend Articles to Dispose of TEPCO Power SH Against Against Against No Grid, Inc
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- The proponents fail to present strong arguments on why the disposal of TEPCO Power Grid should increase shareholder value of the utility.- The proposed action of this kind is best left to management under appropriate board supervision, rather than leaving it to a shareholder referendum.
5 Amend Articles to Apply Impairment SH Against Against Against No Accounting to Kashiwazaki-Kariwa Nuclear Power Station
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed action of this kind is best left to management under appropriate board supervision, rather than leaving it to a shareholder referendum.
6 Amend Articles to Add Provisions on SH Against Against Against No Reactor-Decommissioning Research Facilities
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable.
7 Amend Articles to Require Audit Committee to SH Against For For Yes Be Composed Entirely of Outside Directors
Voting Policy Rationale: In the absence of significant concerns, support for this proposal is warranted.
8 Amend Articles to Conclude Safety SH Against Against Against No Agreements with Local Public Authorities Concerning Nuclear Accident Evacuation
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable.
9 Amend Articles to Add Provisions on SH Against Against Against No Evacuation Drills with Nuclear Accident Scenario
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable.
10 Amend Articles to Establish Nuclear Disaster SH Against Against Against No Recuperation Fund
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable.
11 Amend Articles to Provide Recuperation for SH Against Against Against No Workers at Fukushima Nuclear Power Station
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable.
12 Amend Articles to Verify Soundness of SH Against Against Against No Reactor Pressure Vessels at Kashiwazaki-Kariwa Nuclear Power Station
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices related to nuclear power are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dai-Ichi Life Holdings Inc.
Meeting Date: 06/26/2017 Country: Japan Primary Security ID: J09748112 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8750
Primary CUSIP: N/A
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 43
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Watanabe, Koichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Tsuyuki, Shigeo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Inagaki, Seiji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Tsutsumi, Satoru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Ishii, Kazuma Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Taketomi, Masao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Teramoto, Hideo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Kawashima, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director George Olcott Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Maeda, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint KPMG AZSA LLC as New External Mgmt For For For No Audit Firm
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Dell Technologies Inc.
Meeting Date: 06/26/2017 Country: USA Primary Security ID: 24703L103 Record Date: 04/27/2017 Meeting Type: Annual Ticker: DVMT
Primary CUSIP: 24703L103
Shares Voted: 23
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director David W. Dorman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director William D. Green Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Ellen J. Kullman Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Increase Authorized Common Stock Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the proposed increase in the current authorized shares of this stock class is considered to be excessive.
Inpex Corporation
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J2467E101 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 1605
Primary CUSIP: J2467E101
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 9 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Inpex Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Kitamura, Toshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Sano, Masaharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Murayama, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Ito, Seiya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Sugaya, Shunichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Ikeda, Takahiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Kurasawa, Yoshikazu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Kittaka, Kimihisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Sase, Nobuharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Okada, Yasuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Sato, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Matsushita, Isao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Yanai, Jun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.14 Elect Director Iio, Norinao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Inpex Corporation Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.15 Elect Director Nishimura, Atsuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
4 Approve Compensation Ceilings for Directors Mgmt For For For No and Statutory Auditors
Voting Policy Rationale: A vote FOR this proposal is warranted because:- The sub-ceiling for outside directors is raised.- The size of the proposed ceilings cannot be regarded as inappropriate.
Mastercard Incorporated
Meeting Date: 06/27/2017 Country: USA Primary Security ID: 57636Q104 Record Date: 04/27/2017 Meeting Type: Annual Ticker: MA
Primary CUSIP: 57636Q104
Shares Voted: 232
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Richard Haythornthwaite Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Ajay Banga Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Silvio Barzi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director David R. Carlucci Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director Steven J. Freiberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Julius Genachowski Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Merit E. Janow Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mastercard Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Nancy J. Karch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Oki Matsumoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Rima Qureshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Jose Octavio Reyes Lagunes Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Jackson Tai Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
4 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
6 Report on Gender Pay Gap SH Against Against Against No
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
Nippon Steel & Sumitomo Metal Corp.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J55678106 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 5401
Primary CUSIP: J55999122 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nippon Steel & Sumitomo Metal Corp.
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 45
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Muneoka, Shoji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Shindo, Kosei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Sakuma, Soichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Saeki, Yasumitsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Fujino, Shinji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Hashimoto, Eiji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Takahashi, Kenji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Sakae, Toshiharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Tanimoto, Shinji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Nakamura, Shinichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Kunishi, Toshihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Otsuka, Mutsutake Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nippon Steel & Sumitomo Metal Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.13 Elect Director Fujisaki, Ichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Nagayasu, Mgmt For Against Against Yes Katsunori
Voting Policy Rationale: SSGA is not supporting this ballot item due to concerns with the outside statutory auditor nominee's affiliation with the company, which could compromise the nominee's independence.
Nippon Telegraph & Telephone Corp.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J59396101 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9432
Primary CUSIP: J59396101
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 60
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Nissan Motor Co. Ltd.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J57160129 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 7201
Primary CUSIP: J57160129
Shares Voted: 400
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 24
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Carlos Ghosn Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election the director nominee due to concerns with the board composition at the non-controlled company which does not include at least two outside directors. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nissan Motor Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.2 Elect Director Saikawa, Hiroto Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election the director nominee due to concerns with the board composition at the non-controlled company which does not include at least two outside directors.
2.3 Elect Director Greg Kelly Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Sakamoto, Hideyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Matsumoto, Fumiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Nakamura, Kimiyasu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Shiga, Toshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Jean-Baptiste Duzan Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Bernard Rey Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Guiotoko, Celso Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Rio Tinto plc
Meeting Date: 06/27/2017 Country: United Kingdom Primary Security ID: G75754104 Record Date: 06/23/2017 Meeting Type: Special Ticker: RIO
Primary CUSIP: G75754104
Shares Voted: 109
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Disposal of Coal & Allied Industries Mgmt For For For No Limited to Yancoal Australia Limited
Voting Policy Rationale: A vote FOR the approval of the Transaction is warranted because:- The value of consideration offered in the Transaction exceeds the Independent Expert's valuation on a controlling basis,- The Transaction is consistent with Rio Tinto's overall coal divestment strategy, and- No material corporate governance concerns have been identified. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Secom Co. Ltd.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J69972107 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9735
Primary CUSIP: J69972107
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 75
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Iida, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Nakayama, Yasuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Nakayama, Junzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Yoshida, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Izumida, Tatsuya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Ozeki, Ichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Kurihara, Tatsushi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Fuse, Tatsuro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Hirose, Takaharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Kawano, Hirobumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Watanabe, Hajime Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Secom Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Appoint Statutory Auditor Yokomizo, Masao Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Equity Compensation Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Sumitomo Metal Mining Co. Ltd.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J77712123 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 5713
Primary CUSIP: J77712123
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 6
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Approve Reverse Stock Split to Comply with Mgmt For For For No Exchange Mandate and Decrease Authorized Capital in Proportion to Reverse Stock Split
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
3.1 Elect Director Nakazato, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.2 Elect Director Kubota, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.3 Elect Director Kurokawa, Harumasa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Director Nozaki, Akira Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Asahi, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sumitomo Metal Mining Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.6 Elect Director Ushijima, Tsutomu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Taimatsu, Hitoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Nakano, Kazuhisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.1 Appoint Statutory Auditor Ino, Kazushi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4.2 Appoint Statutory Auditor Yamada, Yuichi Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is not supporting this ballot item due to concerns with the outside statutory auditor nominee's affiliation with the company, which could compromise the nominee's independence.
5 Appoint Alternate Statutory Auditor Mishina, Mgmt For For For No Kazuhiro
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
Toray Industries Inc.
Meeting Date: 06/27/2017 Country: Japan Primary Security ID: J89494116 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 3402
Primary CUSIP: J89494116
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 7
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Morimoto, Kazuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Inoue, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Hirabayashi, Hideki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Toray Industries Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3 Appoint Statutory Auditor Masuda, Shogo Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Appoint Alternate Statutory Auditor Mgmt For For For No Kobayashi, Koichi
Voting Policy Rationale: A vote FOR this nominee is warranted because:- There are no particular concerns about the nominee.
5 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
American International Group, Inc.
Meeting Date: 06/28/2017 Country: USA Primary Security ID: 026874784 Record Date: 05/08/2017 Meeting Type: Annual Ticker: AIG
Primary CUSIP: 026874784
Shares Voted: 73
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director W. Don Cornwell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Brian Duperreault Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Peter R. Fisher Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director John H. Fitzpatrick Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1e Elect Director William G. Jurgensen Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Christopher S. Lynch Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1g Elect Director Samuel J. Merksamer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
American International Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1h Elect Director Henry S. Miller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Linda A. Mills Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Suzanne Nora Johnson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1k Elect Director Ronald A. Rittenmeyer Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1l Elect Director Douglas M. Steenland Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1m Elect Director Theresa M. Stone Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
3 Amend Securities Transfer Restrictions Mgmt For Against Against Yes
Voting Policy Rationale: This item is connected to Item 4: SSgA votes against the adoption or renewal of US issuer's shareholder rights plans.
4 Ratify NOL Rights Plan (NOL Pill) Mgmt For Against Against Yes
Voting Policy Rationale: SSgA votes against the adoption or renewal of US issuer's shareholder rights plans.
5 Ratify PricewaterhouseCoopers LLP as Mgmt For For For No Auditors
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Daito Trust Construction Co. Ltd.
Meeting Date: 06/28/2017 Country: Japan Primary Security ID: J11151107 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 1878
Primary CUSIP: J11151107 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Daito Trust Construction Co. Ltd.
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 298
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Kumakiri, Naomi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kobayashi, Katsuma Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Kawai, Shuji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Uchida, Kanitsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Takeuchi, Kei Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Saito, Kazuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Nakagawa, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Sato, Koji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Yamaguchi, Toshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Sasaki, Mami Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Shoda, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1 Appoint Statutory Auditor Uno, Masayasu Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Daito Trust Construction Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.2 Appoint Statutory Auditor Hachiya, Hideo Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3.3 Appoint Statutory Auditor Fujimaki, Kazuo Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mitsubishi Materials Corp.
Meeting Date: 06/28/2017 Country: Japan Primary Security ID: J44024107 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 5711
Primary CUSIP: J44024107
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Yao, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Takeuchi, Akira Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Iida, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Ono, Naoki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Shibano, Nobuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Suzuki, Yasunobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Okamoto, Yukio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Tokuno, Mariko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi Materials Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.9 Elect Director Watanabe, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.1 Appoint Statutory Auditor Fukui, Soichi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
2.2 Appoint Statutory Auditor Sato, Hiroshi Mgmt For Against Against Yes
Voting Policy Rationale: SSGA is not supporting this ballot item due to concerns with the outside statutory auditor nominee's affiliation with the company, which could compromise the nominee's independence.
Nagoya Railroad Co. Ltd.
Meeting Date: 06/28/2017 Country: Japan Primary Security ID: J47399118 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9048
Primary CUSIP: J47399118
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 5
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Approve Reverse Stock Split to Comply with Mgmt For For For No Exchange Mandate and Decrease Authorized Capital in Proportion to Reverse Stock Split
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
3 Amend Articles to Amend Business Lines - Mgmt For For For No Update Authorized Capital to Reflect Reverse Stock Split - Reduce Share Trading Unit
Voting Policy Rationale: This item merits support per voting guidelines.
4.1 Elect Director Yamamoto, Ado Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.2 Elect Director Ando, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.3 Elect Director Takagi, Hideki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nagoya Railroad Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
4.4 Elect Director Shibata, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.5 Elect Director Haigo, Toshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.6 Elect Director Iwase, Masaaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.7 Elect Director Takada, Kyosuke Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.8 Elect Director Takasaki, Hiroki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.9 Elect Director Suzuki, Kiyomi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.10 Elect Director Yoshikawa, Takuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.11 Elect Director Futagami, Hajime Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.12 Elect Director Yano, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.13 Elect Director Fukushima, Atsuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.14 Elect Director Adachi, Munenori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.15 Elect Director Iwakiri, Michio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.16 Elect Director Hibino, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4.17 Elect Director Ozawa, Satoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Nagoya Railroad Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Bonus Related to Retirement Bonus Mgmt For Against Against Yes System Abolition
Voting Policy Rationale: A vote AGAINST this proposal is warranted because:- The bonus amounts are not disclosed.- The payment of bonuses to outsiders is an inappropriate practice.
Takeda Pharmaceutical Co. Ltd.
Meeting Date: 06/28/2017 Country: Japan Primary Security ID: J8129E108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4502
Primary CUSIP: J8129E108
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 90
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Christophe Weber Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Iwasaki, Masato Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Andrew Plump Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director James Kehoe Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Fujimori, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Higashi, Emiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Michel Orsinger Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Sakane, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Takeda Pharmaceutical Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.9 Elect Director Shiga, Toshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
4 Amend Articles to Add Provisions Prohibiting SH Against Against Against No Appointment of Corporate Counselors or Advisors Who Will Give Advice to Representative Directors
Voting Policy Rationale: This proposal does not merit support as the company's disclosure and/or practices pertaining to the item are reasonable.
5 Remove Director and Chairman Yasuchika SH Against Against Against No Hasegawa from Office
Voting Policy Rationale: This item does not merit support, as there are concerns with the proposal.
Toshiba Corp.
Meeting Date: 06/28/2017 Country: Japan Primary Security ID: J89752117 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6502
Primary CUSIP: J89752117
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Tsunakawa, Satoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Naruke, Yasuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Hirata, Masayoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Noda, Teruko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Ikeda, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Toshiba Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.6 Elect Director Furuta, Yuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Kobayashi, Yoshimitsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Sato, Ryoji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.9 Elect Director Maeda, Shinzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Approve Transfer of Operations to Wholly Mgmt For Refer For No Owned Subsidiary
Voting Policy Rationale: A vote FOR this transaction is warranted because:- This transaction will bring about no immediate changes to current shareholders' ownership.- The transaction is necessary for Toshiba to continue its business operations, which is crucial for the financially struggling company.Most types of M&A transactions in Japan give rise to dissenters' rights. These may be exercised by sending a letter to the company announcing the shareholder's opposition to the transaction, and by voting against the relevant resolutions where the deal is put to a vote. The dissenting shareholder has the right to have his shares bought back by the company. However, if the company and the shareholder cannot agree on a price, the shareholder may go to court to seek a higher valuation.
Bed Bath & Beyond Inc.
Meeting Date: 06/29/2017 Country: USA Primary Security ID: 075896100 Record Date: 05/05/2017 Meeting Type: Annual Ticker: BBBY
Primary CUSIP: 075896100
Shares Voted: 109
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1a Elect Director Warren Eisenberg Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1b Elect Director Leonard Feinstein Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1c Elect Director Steven H. Temares Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1d Elect Director Dean S. Adler Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Bed Bath & Beyond Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1e Elect Director Stanley F. Barshay Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1f Elect Director Klaus Eppler Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of the nominee as the nominee is a non-executive director with excessive tenure, who serves on a key committee.
1g Elect Director Patrick R. Gaston Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1h Elect Director Jordan Heller Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1i Elect Director Victoria A. Morrison Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1j Elect Director Virginia P. Ruesterholz Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2 Ratify KPMG LLP as Auditors Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
3 Advisory Vote to Ratify Named Executive Mgmt For For For No Officers' Compensation
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
4 Advisory Vote on Say on Pay Frequency Mgmt One Year One Year One Year No
Voting Policy Rationale: SSGA supports an annual Management Say on Pay proposals.
5 Amend Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Daiwa House Industry Co. Ltd.
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J11508124 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 1925
Primary CUSIP: J11508124 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Daiwa House Industry Co. Ltd.
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 52
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Higuchi, Takeo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Ono, Naotake Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Ishibashi, Tamio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Kawai, Katsutomo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Kosokabe, Takeshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Fujitani, Osamu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Tsuchida, Kazuto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Hori, Fukujiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Yoshii, Keiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Hama, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Yamamoto, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Tanabe, Yoshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Daiwa House Industry Co. Ltd. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.13 Elect Director Otomo, Hirotsugu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.14 Elect Director Urakawa, Tatsuya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.15 Elect Director Dekura, Kazuhito Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.16 Elect Director Ariyoshi, Yoshinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.17 Elect Director Kimura, Kazuyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.18 Elect Director Shigemori, Yutaka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.19 Elect Director Yabu, Yukiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.1 Appoint Statutory Auditor Hirata, Kenji Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3.2 Appoint Statutory Auditor Iida, Kazuhiro Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
3.3 Appoint Statutory Auditor Nishimura, Tatsushi Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Annual Bonus Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support.
FUJIFILM Holdings Corp.
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J14208102 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 4901
Primary CUSIP: J14208102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
FUJIFILM Holdings Corp.
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 35
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2.1 Elect Director Komori, Shigetaka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Sukeno, Kenji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Tamai, Koichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Toda, Yuzo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Shibata, Norio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Yoshizawa, Masaru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Kawada, Tatsuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Kaiami, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Kitamura, Kunitaro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Appoint Statutory Auditor Mishima, Kazuya Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
M3 Inc
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J4697J108 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 2413
Primary CUSIP: J7618C102 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
M3 Inc
Shares Voted: 100
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1.1 Elect Director Tanimura, Itaru Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.2 Elect Director Tomaru, Akihiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.3 Elect Director Yokoi, Satoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.4 Elect Director Tsuji, Takahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.5 Elect Director Tsuchiya, Eiji Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.6 Elect Director Yoshida, Yasuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.7 Elect Director Urae, Akinori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
1.8 Elect Director Yoshida, Kenichiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mitsubishi UFJ Financial Group
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J44497105 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8306
Primary CUSIP: J44497105
Shares Voted: 2,800
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 9
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi UFJ Financial Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.1 Elect Director Kawakami, Hiroshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Kawamoto, Yuko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Matsuyama, Haruka Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Toby S. Myerson Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Okuda, Tsutomu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Sato, Yukihiro Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.7 Elect Director Tarisa Watanagase Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.8 Elect Director Yamate, Akira Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Shimamoto, Takehiko Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.10 Elect Director Okamoto, Junichi Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.11 Elect Director Sono, Kiyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Nagaoka, Takashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.13 Elect Director Ikegaya, Mikio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.14 Elect Director Mike, Kanetsugu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi UFJ Financial Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.15 Elect Director Hirano, Nobuyuki Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
2.16 Elect Director Kuroda, Tadashi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.17 Elect Director Tokunari, Muneaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.18 Elect Director Yasuda, Masamichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3 Amend Articles to Require Individual SH Against For For Yes Compensation Disclosure for Directors
Voting Policy Rationale: Support for this proposal is warranted as it enhances transparency of executive compensation.
4 Amend Articles to Separate Chairman of the SH Against Against Against No Board and CEO
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
5 Amend Articles to Create System that Enables SH Against Against Against No Employees to be Reinstated after Running for Office in National Elections, Local Assembly Elections, and Elections for the Heads of Local Governments
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
6 Amend Articles to Require Company to Urge SH Against Against Against No Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
7 Amend Articles to Disclose Director Training SH Against Against Against No Policy
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
8 Amend Articles to Add Provisions on SH Against Against Against No Communications and Responses between Shareholders and Directors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
9 Amend Articles to Add Provisions Allowing SH Against Against Against No Shareholders to Nominate Director Candidates to Nomination Committee and Its Equal Treatment
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- Shareholders are already legally entitled to submit shareholder proposals regarding nomination of directors, rendering this proposal unnecessary. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi UFJ Financial Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
10 Amend Articles to Allow Inclusion of SH Against Against Against No Shareholder Proposals in Convocation Notice with the Upper Limit of 100 at Minimum
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
11 Amend Articles to Establish Liaison for SH Against Against Against No Reporting Concerns to Audit Committee
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
12 Amend Articles to Mandate Holding of SH Against Against Against No Meetings Consisting Solely of Outside Directors
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
13 Amend Articles to Add Provisions on SH Against Against Against No Recruitment and Offer of Senior Positions to Women Who Interrupted Their Careers for Childbirth
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
14 Amend Articles to Prohibit Discriminatory SH Against Against Against No Treatment of Activist Investors
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
15 Amend Articles to Establish Special SH Against Against Against No Committee on Expressing the Company's Opinion on Recent Actions by Justice Minister Katsutoshi Kaneda
Voting Policy Rationale: A vote AGAINST this shareholder proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
16 Amend Articles to Establish Special SH Against Against Against No Investigation Committee on Loans to K.K. Kenko
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
17 Remove Director Haruka Matsuyama from SH Against Against Against No Office
Voting Policy Rationale: A vote AGAINST this proposal is recommended because:- We are unaware of any particular reasons that Matsuyama is unqualified as a director.
18 Appoint Shareholder Director Nominee Lucian SH Against Against Against No Bebchuk in place of Haruka Matsuyama
Voting Policy Rationale: The director nominee did not merit support. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Mitsubishi UFJ Financial Group Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
19 Amend Articles to Hand over Petition Calling SH Against Against Against No for Refraining of Strongly Pursuing Negative Interest Rate Policy to Governor of the Bank of Japan
Voting Policy Rationale: A vote AGAINST this nominee is recommended because:- The proposed content falls within the realm of matters best left to the discretion of management under board oversight.
Panasonic Corp
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J6354Y104 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 6752
Primary CUSIP: J6354Y104
Shares Voted: 400
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Amend Articles to Amend Provisions on Mgmt For For For No Director Titles
Voting Policy Rationale: This item merits support per voting guidelines.
2.1 Elect Director Nagae, Shusaku Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.2 Elect Director Matsushita, Masayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.3 Elect Director Tsuga, Kazuhiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.4 Elect Director Ito, Yoshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.5 Elect Director Sato, Mototsugu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.6 Elect Director Oku, Masayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.7 Elect Director Tsutsui, Yoshinobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Panasonic Corp Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
2.8 Elect Director Ota, Hiroko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.9 Elect Director Toyama, Kazuhiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.10 Elect Director Ishii, Jun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.11 Elect Director Higuchi, Yasuyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
2.12 Elect Director Umeda, Hirokazu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Rio Tinto Ltd.
Meeting Date: 06/29/2017 Country: Australia Primary Security ID: Q81437107 Record Date: 06/27/2017 Meeting Type: Special Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 144
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve the Proposed Disposal of Coal & Mgmt For For For No Allied Industries Limited
Voting Policy Rationale: A vote FOR disposal of Coal & Allied is warranted given that:- The value of consideration offered is between $2,296 million and $2,386 million, which exceeds the Independent Expert's valuation of between $1,820 million and $2,173 million on a controlling basis.- The Independent Expert states that the Transaction is fair and reasonable to non-associated shareholders opining that,"[w]e expect there are few other potential acquirers who could extract the same value out of the Coal & Allied assets as Yancoal".- The Board of Directors has unanimously recommended that non-associated shareholders, in the absence of a superior proposal, vote in favour of the Transaction;- The Transaction is the result of a competitive sale process;- The disposal of Coal & Allied is consistent with Rio Tinto's overall coal divestment strategy; and,- No material corporate governance concerns have been identified in respect of the associated shareholders.
Sumitomo Mitsui Financial Group, Inc.
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J7771X109 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 8316
Primary CUSIP: J7771X109 Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sumitomo Mitsui Financial Group, Inc.
Shares Voted: 200
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 75
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Amend Articles to Abolish Board Structure Mgmt For For For No with Statutory Auditors - Adopt Board Structure with Three Committees - Amend Provisions on Director Titles - Indemnify Directors
Voting Policy Rationale: This item merits support per voting guidelines.
3.1 Elect Director Miyata, Koichi Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
3.2 Elect Director Kunibe, Takeshi Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
3.3 Elect Director Takashima, Makoto Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Director Ogino, Kozo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Ota, Jun Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Director Tanizaki, Katsunori Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Yaku, Toshikazu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Teramoto, Toshiyuki Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
3.9 Elect Director Mikami, Toru Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee does not merit support as per voting guidelines as the nominee is a non-independent who sits on a key committee.
3.10 Elect Director Kubo, Tetsuya Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Sumitomo Mitsui Financial Group, Inc. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.11 Elect Director Matsumoto, Masayuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.12 Elect Director Arthur M. Mitchell Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.13 Elect Director Yamazaki, Shozo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.14 Elect Director Kono, Masaharu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.15 Elect Director Tsutsui, Yoshinobu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.16 Elect Director Shimbo, Katsuyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.17 Elect Director Sakurai, Eriko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Tokyu Corp.
Meeting Date: 06/29/2017 Country: Japan Primary Security ID: J88720123 Record Date: 03/31/2017 Meeting Type: Annual Ticker: 9005
Primary CUSIP: J88720123
Shares Voted: 1,000
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Allocation of Income, with a Final Mgmt For For For No Dividend of JPY 4.5
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
2 Approve Reverse Stock Split to Comply with Mgmt For For For No Exchange Mandate and Decrease Authorized Capital in Proportion to Reverse Stock Split
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
3.1 Elect Director Nomoto, Hirofumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tokyu Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.2 Elect Director Imamura, Toshio Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.3 Elect Director Tomoe, Masao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.4 Elect Director Watanabe, Isao Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.5 Elect Director Takahashi, Kazuo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.6 Elect Director Hoshino, Toshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.7 Elect Director Ichiki, Toshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.8 Elect Director Koshimura, Toshiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.9 Elect Director Shiroishi, Fumiaki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.10 Elect Director Kihara, Tsuneo Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.11 Elect Director Fujiwara, Hirohisa Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.12 Elect Director Horie, Masahiro Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.13 Elect Director Hamana, Setsu Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.14 Elect Director Takahashi, Toshiyuki Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.15 Elect Director Nezu, Yoshizumi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Tokyu Corp. Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
3.16 Elect Director Konaga, Keiichi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.17 Elect Director Kanazashi, Kiyoshi Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
3.18 Elect Director Kanise, Reiko Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
4 Approve Trust-Type Equity Compensation Mgmt For For For No Plan
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Baker Hughes Incorporated
Meeting Date: 06/30/2017 Country: USA Primary Security ID: 057224107 Record Date: 05/25/2017 Meeting Type: Special Ticker: BHI
Primary CUSIP: 057224107
Shares Voted: 83
Voting Policy: SSGA
Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
1 Approve Merger Agreement Mgmt For Refer For No
Voting Policy Rationale: There does not appear to be evidence that BHI shareholders will receive a material control premium. However, shareholders will benefit from anticipated cost and revenue synergies and the combined company's stronger competitive position. There also appear to be risks of non-approval, as there has been a misalignment between share price performance and analyst 2018 EBITDA estimates since announcement of the transaction. As such, a vote FOR this proposal is warranted.BHI shareholders are entitled to appraisal rights.
2 Adjourn Meeting Mgmt For Against Against Yes
Voting Policy Rationale: SSGA votes against the adjournment of meetings as we believe that shareholders already have enough information to make their vote decisions. Once their votes have been cast, there is no justification for additional costs associated with the adjournment of the meeting.
3 Advisory Vote on Golden Parachutes Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
4 Approve Omnibus Stock Plan Mgmt For For For No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable. Vote Summary Report Reporting Period: 07/01/2016 to 06/30/2017 Location(s): All Locations Institution Account(s): SPDR MSCI World Quality Mix Fund
Baker Hughes Incorporated Vote Proposal Voting Vote Against Number Proposal Text Proponent Mgmt Rec Policy Rec Instruction Mgmt
5 Approve Material Terms of the Executive Mgmt For For For No Officer Performance Goals
Voting Policy Rationale: This item merits support as compliance with 162(m) would preserve the full deductibility of all compensation paid under the plan and would ultimately reduce the company's corporate tax obligation.
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