Votes Contre Le Management

AXA Investment Managers Rapport de vote - AXA Euro Valeurs Responsables Q1-Q3 2020

Fonds AXA Euro Valeurs Responsables

Periode de Q1-Q3 2020 reporting

Résumé Column1Column3 Column4 C2 Nombre d'assemblées 52 Nombre d'assemblées votées 52 Nombre d'assemblées avec au moins un vote contre ou abstention 18 % d'assemblées avec au moins un vote contre ou abstention 35% Nombre de résolutions 961 Nombre de votes contre et abstentions 46 % de votes contre et abstentions 5% Votes Contre le Management

5%3% 7% 9% 40%

11%

25%

Remuneration Structure du Conseil d'Administration Reorganisation / M&A Operations liees au Capital Autre Transactions avec les parties liees Comptes et Auditeurs

Votes contres le management Numéro Nom de Type Date de de la Instruction Pays Texte de la proposition Raison l'entreprise d'assemblée l'assemblée propositio de vote n CNH Industrial NV NetherlandsAnnual 16/04/20 4.g Reelect Jacqueline A. TammenomsAgainst Bakker as Non-ExecutiveConcerns about Director time commitments CNH Industrial NV NetherlandsAnnual 16/04/20 4.j Elect Nelda (Janine) Connors as Non-ExecutiveAgainst DirectorConcerns about time commitments CNH Industrial NV NetherlandsAnnual 16/04/20 4.l Elect Vagn Sorensen as Non-ExecutiveAgainst Director Concerns about time commitments Bouygues SA France Annual/Special 23/04/20 4 Approve Auditors' Special Report onAgainst Related-Party ProposalTransactions is not in the interest of shareholders Bouygues SA France Annual/Special 23/04/20 5 Approve Remuneration Policy of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 8 Approve Compensation of Martin BouyguesAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 9 Approve Compensation of Olivier BouyguesAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 10 Approve Compensation of PhilippeAgainst Marien Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 11 Approve Compensation of Olivier RoussatAgainst Remuneration Policy not aligned with long-term shareholder interests Bouygues SA France Annual/Special 23/04/20 16 Authorize Board to Issue Free WarrantsAgainst with PreemptiveAnti-takeover Rights During device a Public Tender Offer Bouygues SA France Annual/Special 23/04/20 18 Delegate Power to the Board of DirectorsAgainst to AmendProposal the Bylaws weakens to Comply shareholder with Legal rights Changes

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA Euro Valeurs Responsables Q1-Q3 2020

Sanofi France Annual 28/04/20 18 Approve Compensation of Paul Hudson,Against CEO SinceRemuneration Sept. 1, 2019 Policy not aligned with long-term shareholder interests Sanofi France Annual 28/04/20 19 Approve Compensation of Olivier Brandicourt,Against CEORemuneration Until Aug. 31, Policy2019 not aligned with long-term shareholder interests UCB SA Belgium Annual/Special 30/04/20 9.2A Reelect Ulf Wiinberg as Director Against Concerns about time commitments Umicore Belgium Annual/Special 30/04/20 10 Ratify PricewaterhouseCoopers as AgainstAuditor and ApproveConcerns Auditors' about Remuneration audit oversight KBC Group SA/NVBelgium Annual 07/05/20 10b Elect Erik Clinck as Director Against Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10c Elect Liesbet Okkerse as Director Against Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10d Reelect Theodoros Roussis as DirectorAgainst Concerns about Board structure KBC Group SA/NVBelgium Annual 07/05/20 10e Reelect Sonja De Becker as DirectorAgainst Concerns about Board structure SUEZ SA France Annual/Special 12/05/20 6 Reelect Isidro Faine Casas as DirectorAgainst Concerns about attendance Dassault SystemesFrance SA Annual/Special 26/05/20 7 Approve Compensation of Bernard AgainstCharles, Vice-ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests Dassault SystemesFrance SA Annual/Special 26/05/20 15 Authorize up to 4 Percent of IssuedAgainst Capital for Use Remunerationin Stock Option Policy Plans not aligned with long-term shareholder interests Dassault SystemesFrance SA Annual/Special 26/05/20 17 Delegate Power to the Board to CarryAgainst Mergers by AbsorptionProposal is not in the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 18 Pursuant to Item 17 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Mergers by Absorption Dassault SystemesFrance SA Annual/Special 26/05/20 19 Delegate Power to the Board to CarryAgainst Spin-Off AgreementsProposal is not in the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 20 Pursuant to Item 19 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Spin-Off Agreements Dassault SystemesFrance SA Annual/Special 26/05/20 21 Delegate Power to the Board to AcquireAgainst Certain AssetsProposal of Another is not inCompany the interest of shareholders Dassault SystemesFrance SA Annual/Special 26/05/20 22 Pursuant to Item 21 Above, DelegateAgainst Power to the ProposalBoard to Issueis not Sharesin the interest in Connection of shareholders with Acquisitions Merck KGaA Germany Annual 28/05/20 6 Ratify KPMG AG as Auditors for FiscalAgainst 2020 Concerns about audit oversight Worldline SA France Annual/Special 09/06/20 12 Ratify Appointment of Johannes DijsselhofAgainst as CensorProposal is not in the interest of shareholders ATOS SE France Annual/Special 16/06/20 11 Renew Appointment of Grant ThorntonAgainst as Auditor Concerns about audit oversight EssilorLuxottica SAFrance Annual/Special 25/06/20 6 Approve Auditors' Special Report onAgainst Related-Party InsufficientTransactions Disclosure to make informed voting decisions Valeo SA France Annual/Special 25/06/20 15 Delegate Powers to the Board to AmendAgainst Bylaws to ProposalComply with is not Legal in the Changes interest of shareholders LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 4 Approve Auditors' Special Report onAgainst Related-Party InsufficientTransactions Disclosure to make informed voting decisions LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 11 Appoint Lord Powell of Bayswater asAgainst Censor Proposal is not in the interest of shareholders LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 12 Approve Compensation Report of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 13 Approve Compensation of Bernard AgainstArnault, ChairmanRemuneration and CEO Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 14 Approve Compensation of Antonio AgainstBelloni, Vice-CEORemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 16 Approve Remuneration Policy of ChairmanAgainst and CEORemuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 17 Approve Remuneration Policy of Vice-CEOAgainst Remuneration Policy not aligned with long-term shareholder interests LVMH Moet HennessyFrance Louis VuittonAnnual/Special SE 30/06/20 20 Authorize up to 1 Percent of IssuedAgainst Capital for Use Remunerationin Restricted Stock Policy Plans not aligned with long-term shareholder interests Linde plc Ireland Annual 27/07/20 2a Ratify PricewaterhouseCoopers as AgainstAuditors Concerns about audit oversight Linde plc Ireland Annual 27/07/20 4 Advisory Vote to Ratify Named ExecutiveAgainst Officers' CompensationRemuneration Policy not aligned with long-term shareholder interests. adidas AG Germany Annual 11/08/20 7 Ratify KPMG AG as Auditors for FiscalAgainst 2020 Concerns about audit oversight Deutsche Post AGGermany Annual 27/08/20 5 Ratify PricewaterhouseCoopers GmbHAgainst as Auditors Concernsfor Fiscal 2020about audit oversight Bouygues SA France Special 04/09/20 2 Approve Remuneration Policy of CorporateAgainst OfficersRemuneration Policy not aligned with long-term shareholder interests

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA Euro Valeurs Responsables Q1-Q3 2020

Remuneration Policy not aligned with long-term shareholder interests Remuneration Policy not aligned with long-term shareholder interests Remuneration Policy not aligned with long-term shareholder interests Remuneration Policy not aligned with long-term shareholder interests Remuneration Policy not aligned with long-term shareholder interests

#AXA IM - INTERNAL AXA Investment Managers Rapport de vote - AXA Euro Valeurs Responsables Q1-Q3 2020

Remuneration Policy not aligned with long-term shareholder interests Remuneration Policy not aligned with long-term shareholder interests

Remuneration Policy not aligned with long-term shareholder interests.

Remuneration Policy not aligned with long-term shareholder interests

#AXA IM - INTERNAL