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London Borough of Camden Pension Fund London Borough of Camden Pension Fund London Borough of Camden Pension Fund PROXY VOTING REVIEW PERIOD 1st July 2020 to 30th September 2020 01-07-2020 to 30-09-2020 1 of 261 London Borough of Camden Pension Fund Contents 1 Resolution Analysis 3 1.1 Number of meetings voted by geographical location . 3 1.2 Number of Resolutions by Vote Categories . 4 1.3 List of meetings not voted and reasons why . 5 1.4 Number of Votes by Region . 6 1.5 Votes Made in the Portfolio Per Resolution Category . 7 1.6 Votes Made in the UK Per Resolution Category . 8 1.7 Votes Made in the US Per Resolution Category . 9 1.8 Votes Made in the EU Per Resolution Category . 10 1.9 Votes Made in the GL Per Resolution Category . 11 1.10 Geographic Breakdown of Meetings All Supported . 12 1.11 List of all meetings voted . 13 2 Notable Oppose Vote Results With Analysis 21 3 Oppose/Abstain Votes With Analysis 61 4 Appendix 259 01-07-2020 to 30-09-2020 2 of 261 London Borough of Camden Pension Fund 1 Resolution Analysis • Number of resolutions voted: 2843 (note that it MAY include non-voting items). • Number of resolutions supported by client: 2021 • Number of resolutions opposed by client: 816 • Number of resolutions abstained by client: 1 • Number of resolutions Non-voting: 1 • Number of resolutions Withheld by client: 3 • Number of resolutions Not Supported by client: 0 1.1 Number of meetings voted by geographical location Location Number of Meetings Voted UK & BRITISH OVERSEAS 187 EUROPE & GLOBAL EU 11 USA & CANADA 2 AUSTRALIA & NEW ZEALAND 1 REST OF THE WORLD 1 TOTAL 202 01-07-2020 to 30-09-2020 3 of 261 London Borough of Camden Pension Fund 1.2 Number of Resolutions by Vote Categories Vote Categories Number of Resolutions For 2021 Abstain 1 Oppose 816 Non-Voting 1 Not Supported 0 Withhold 3 US Frequency Vote on Pay 0 Withdrawn 1 TOTAL 2843 01-07-2020 to 30-09-2020 4 of 261 London Borough of Camden Pension Fund 1.3 List of meetings not voted and reasons why Company Meeting Date Type Comment DAIMLER AG 08-07-2020 AGM Meeting postponed/cancelled MULTICHOICE GROUP 27-08-2020 AGM No ballot received 01-07-2020 to 30-09-2020 5 of 261 London Borough of Camden Pension Fund 1.4 Number of Votes by Region Not US Frequency For Abstain Oppose Non-Voting Supported Withhold Withdrawn Vote on Pay Total UK & BRITISH OVERSEAS 1878 1 731 0 0 0 1 0 2611 EUROPE & GLOBAL EU 85 0 59 1 0 0 0 0 145 USA & CANADA 19 0 6 0 0 3 0 0 28 AUSTRALIA & NEW ZEALAND 25 0 15 0 0 0 0 0 40 REST OF THE WORLD 14 0 5 0 0 0 0 0 19 TOTAL 2021 1 816 1 0 3 1 0 2843 01-07-2020 to 30-09-2020 6 of 261 London Borough of Camden Pension Fund 1.5 Votes Made in the Portfolio Per Resolution Category Portfolio For Abstain Oppose Non-Voting Not Supported Withheld Withdrawn All Employee Schemes 16 0 1 0 0 0 0 Annual Reports 182 1 219 0 0 0 0 Articles of Association 52 0 6 0 0 0 0 Auditors 240 0 52 0 0 0 0 Corporate Actions 16 0 8 0 0 0 0 Corporate Donations 39 0 4 0 0 0 0 Debt & Loans 1 0 3 0 0 0 0 Directors 904 0 222 0 0 3 1 Dividend 99 0 1 0 0 0 0 Executive Pay Schemes 12 0 38 0 0 0 0 Miscellaneous 116 0 7 0 0 0 0 NED Fees 23 0 5 0 0 0 0 Non-Voting 0 0 0 1 0 0 0 Say on Pay 0 0 2 0 0 0 0 Share Capital Restructuring 11 0 1 0 0 0 0 Share Issue/Re-purchase 310 0 240 0 0 0 0 Shareholder Resolution 0 0 7 0 0 0 0 01-07-2020 to 30-09-2020 7 of 261 London Borough of Camden Pension Fund 1.6 Votes Made in the UK Per Resolution Category UK For Abstain Oppose Non-Voting Not Supported Withheld Withdrawn Annual Reports 60 1 85 0 0 0 0 Remuneration Reports 80 0 62 0 0 0 0 Remuneration Policy 34 0 54 0 0 0 0 Dividend 89 0 1 0 0 0 0 Directors 828 0 189 0 0 0 1 Approve Auditors 108 0 38 0 0 0 0 Share Issues 286 0 13 0 0 0 0 Share Repurchases 8 0 137 0 0 0 0 Executive Pay Schemes 8 0 34 0 0 0 0 All-Employee Schemes 16 0 1 0 0 0 0 Political Donations 39 0 4 0 0 0 0 Articles of Association 44 0 5 0 0 0 0 Mergers/Corporate Actions 11 0 5 0 0 0 0 Meeting Notification related 98 0 0 0 0 0 0 All Other Resolutions 169 0 96 0 0 0 0 Shareholder Resolution 0 0 7 0 0 0 0 01-07-2020 to 30-09-2020 8 of 261 London Borough of Camden Pension Fund 1.7 Votes Made in the US Per Resolution Category US/Global US & Canada For Abstain Oppose Non-Voting Not Supported Withheld Withdrawn All Employee Schemes 0 0 0 0 0 0 0 Annual Reports 2 0 0 0 0 0 0 Articles of Association 1 0 0 0 0 0 0 Auditors 2 0 1 0 0 0 0 Corporate Actions 0 0 0 0 0 0 0 Corporate Donations 0 0 0 0 0 0 0 Debt & Loans 0 0 0 0 0 0 0 Directors 11 0 3 0 0 3 0 Dividend 1 0 0 0 0 0 0 Executive Pay Schemes 0 0 0 0 0 0 0 Miscellaneous 0 0 0 0 0 0 0 NED Fees 0 0 0 0 0 0 0 Non-Voting 0 0 0 0 0 0 0 Say on Pay 0 0 1 0 0 0 0 Share Capital Restructuring 0 0 0 0 0 0 0 Share Issue/Re-purchase 2 0 1 0 0 0 0 01-07-2020 to 30-09-2020 9 of 261 London Borough of Camden Pension Fund 1.8 Votes Made in the EU Per Resolution Category EU & Global EU For Abstain Oppose Non-Voting Not Supported Withheld Withdrawn All Employee Schemes 0 0 0 0 0 0 0 Annual Reports 4 0 15 0 0 0 0 Articles of Association 5 0 1 0 0 0 0 Auditors 7 0 3 0 0 0 0 Corporate Actions 0 0 2 0 0 0 0 Corporate Donations 0 0 0 0 0 0 0 Debt & Loans 1 0 0 0 0 0 0 Directors 45 0 22 0 0 0 0 Dividend 8 0 0 0 0 0 0 Executive Pay Schemes 0 0 1 0 0 0 0 Miscellaneous 2 0 3 0 0 0 0 NED Fees 2 0 1 0 0 0 0 Non-Voting 0 0 0 1 0 0 0 Say on Pay 0 0 1 0 0 0 0 Share Capital Restructuring 2 0 0 0 0 0 0 Share Issue/Re-purchase 9 0 10 0 0 0 0 Shareholder Resolution 0 0 0 0 0 0 0 01-07-2020 to 30-09-2020 10 of 261 London Borough of Camden Pension Fund 1.9 Votes Made in the GL Per Resolution Category Global For Abstain Oppose Non-Voting Not Supported Withheld Withdrawn All Employee Schemes 0 0 0 0 0 0 0 Annual Reports 1 0 3 0 0 0 0 Articles of Association 0 0 0 0 0 0 0 Auditors 1 0 2 0 0 0 0 Corporate Actions 0 0 0 0 0 0 0 Corporate Donations 0 0 0 0 0 0 0 Debt & Loans 0 0 0 0 0 0 0 Directors 11 0 6 0 0 0 0 Dividend 1 0 0 0 0 0 0 Executive Pay Schemes 4 0 2 0 0 0 0 Miscellaneous 2 0 1 0 0 0 0 NED Fees 17 0 0 0 0 0 0 Non-Voting 0 0 0 0 0 0 0 Say on Pay 0 0 0 0 0 0 0 Share Capital Restructuring 0 0 0 0 0 0 0 Share Issue/Re-purchase 2 0 6 0 0 0 0 Shareholder Resolution 0 0 0 0 0 0 0 01-07-2020 to 30-09-2020 11 of 261 London Borough of Camden Pension Fund 1.10 Geographic Breakdown of Meetings All Supported SZ Meetings All For AGM EGM 1 0 0 0 AS Meetings All For AGM EGM 0 0 0 0 UK Meetings All For AGM EGM 187 28 2 26 EU Meetings All For AGM EGM 11 1 0 1 SA Meetings All For AGM EGM 0 0 0 0 GL Meetings All For AGM EGM 1 0 0 0 JP Meetings All For AGM EGM 0 0 0 0 US Meetings All For AGM EGM 2 0 0 0 TOTAL Meetings All For AGM EGM 202 29 2 27 01-07-2020 to 30-09-2020 12 of 261 London Borough of Camden Pension Fund 1.11 List of all meetings voted Company Meeting Date Type Resolutions For Abstain Oppose SCHRODER ORIENTAL INCOME FUND LTD 01-07-2020 EGM 1 1 0 0 SAINSBURY (J) PLC 02-07-2020 AGM 22 18 0 4 HENDERSON ALTERNATIVE STRATEGIES TRUST PLC 03-07-2020 EGM 1 1 0 0 MARKS & SPENCER GROUP PLC 03-07-2020 AGM 23 11 0 12 CAPITAL GEARING TRUST PLC 03-07-2020 AGM 16 14 0 2 BLUEFIELD SOLAR INCOME FUND LIMITED 06-07-2020 EGM 2 1 0 1 RAVEN PROPERTY GROUP LIMITED 06-07-2020 AGM 17 7 0 10 GEORGIA CAPITAL PLC 06-07-2020 EGM 2 2 0 0 DE LA RUE PLC 06-07-2020 EGM 3 0 0 3 STV GROUP PLC 06-07-2020 EGM 1 0 0 1 GCP ASSET BACKED INCOME FUND LIMITED 07-07-2020 AGM 13 11 0 2 GCP ASSET BACKED INCOME FUND LIMITED 07-07-2020 EGM 1 0 0 1 WHITBREAD PLC 07-07-2020 AGM 21 17 0 4 ASSURA PLC 07-07-2020 AGM 16 12 0 4 DAIMLER AG 08-07-2020 AGM 16 10 0 5 WORLDWIDE HEALTHCARE TRUST PLC 09-07-2020 AGM 16 10 0 6 TWENTYFOUR SELECT MONTHLY INCOME FUND LTD 09-07-2020 AGM 16 10 0 6 3I INFRASTRUCTURE PLC 09-07-2020 AGM 16 14 0 2 SIG PLC 09-07-2020 EGM 5 1 0 4 TEMPLETON EMERGING MARKETS I.T.
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