Board Statistics Report
Parameters Used: Location(s): Montrusco Bolton Investments Inc. Account Group(s): All account groups Institution Account(s): All institution accounts Custodian Account(s): All custodian accounts Reporting Period: 01/01/2020 to 12/31/2020
Meeting Overview Voting Statistics Category Number Percentage
Number of votable meetings 133 Number of meetings voted 130 97.74% 133 Number of meetings with at least 1 vote Against, Withhold or 58 43.61% Meetings Abstain 130
Ballot Overview 1,089 Ballots Votable Category Number Percentage 1,067 Voted Number of votable ballots 1,089 Number of ballots voted 1,067 97.98% 1,747 Proposals 1,708
100 1000 10000
Proposal Overview Category Number Percentage Vote Cast Statistics Number of votable items 1,747 Number of items voted 1,708 97.77% 4.73% Number of votes FOR 1,579 92.45% 2.17% 5.01% Number of votes AGAINST 85 4.98% 0.17% Number of votes ABSTAIN 3 0.18% Number of votes WITHHOLD 39 2.28% Number of votes on MSOP 90 5.27% Votes For Number of votes One Year 2 0.12% Votes Abstain Votes MSOP Number of votes Two Years 0 0.00% Votes Withhold Number of votes Three Years 0 0.00% Votes Against Number of votes With Policy 1,703 99.71% Number of votes Against Policy 5 0.29% Number of votes With Mgmt 1,573 92.10% Number of votes Against Mgmt 135 7.90% 87.92% Number of votes on Shareholder Proposals 93 5.44%
Note: Instructions of Do Not Vote are not considered voted, and in cases of different votes submitted across ballots for a given meeting, votes cast are distinctly counted by type per proposal where total votes submitted by type may be higher than unique proposals voted.
Page 1 of 16
Vote Alignment with Policy Vote Alignment with Management
0.29% 7.90%
Votes With Policy Votes With Mgmt Votes Against Policy Votes Against Mgmt
92.10% 99.71%
Market Breakdown Meetings Voted by Market
Market Votable Meetings Voted Meetings Percentage
Canada 78 75 96.15% 4.62% 0.77% USA 33 33 100.00% 0.77% Japan 4 4 100.00% 1.54% Canada 1.54% USA Cayman Islands 2 2 100.00% 1.54% Japan Ireland 2 2 100.00% 1.54% Cayman Islands Luxembourg 2 2 100.00% 1.54% 3.08% Ireland Mexico 2 2 100.00% Luxembourg United Kingdom 2 2 100.00% Mexico Denmark 1 1 100.00% United Kingdom France 1 1 100.00% Denmark Germany 1 1 100.00% France Hong Kong 1 1 100.00% Other Markets Netherlands 1 1 100.00% Singapore 1 1 100.00% 57.69% 25.38% Sweden 1 1 100.00% Switzerland 1 1 100.00%
Page 2 of 16
Market Voting Statistics
Number of Meetings 0 10 20 30 40 50 60 70 80 Canada
USA
Japan
Cayman Islands
Ireland
Market Breakdown Votable Meetings Luxembourg Market Breakdown
Market Voted Meetings Mexico
United Kingdom
Denmark
France
Other Markets
Page 3 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
The Toronto-Dominion Bank 02-Apr-20 Canada Climate Change Action SH-Health/Environ. SP C: Request to Adopt Targets for 1 Reducing Greenhouse Gas (GHG) Emissions Associated with the Company's Underwriting and Lending Activities
Bank of Montreal 31-Mar-20 Canada Data Security, Privacy, and SH-Soc./Human Rights SP 1: Update Computer Systems to 1 Internet Issues Increase Competitiveness while Ensuring Greater Protection of Personal Information
Wal-Mart de Mexico SAB de CV 24-Mar-20 Mexico Amend Omnibus Stock Plan Non-Salary Comp. Approve Report and Resolutions Re: 1 Employee Stock Purchase Plan
Jamieson Wellness Inc. 26-May-20 Canada Approve Qualified Employee Non-Salary Comp. Approve Employee Share Purchase Plan 1 Stock Purchase Plan
Tencent Holdings Limited 13-May-20 Cayman Islands Authorize Reissuance of Capitalization Authorize Reissuance of Repurchased 1 Repurchased Shares Shares
The Bank of Nova Scotia 07-Apr-20 Canada Limit Executive Compensation SH-Compensation SP 1: Disclose the Compensation Ratio 1 (Equity Ratio) Used by the Compensation Committee
Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director Peter J. Thomson 1
MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Claude St-Pierre 1
Interactive Brokers Group, Inc. 23-Apr-20 USA Elect Director Directors Related Elect Director William Peterffy 1
DBS Group Holdings Ltd. 30-Apr-20 Singapore Elect Director Directors Related Elect Ow Foong Pheng as Director 1
Royal Bank of Canada 08-Apr-20 Canada Board Diversity SH-Dirs' Related SP 2: Adopt a Diversity Target Higher 1 than 40% for the Composition of the Board of Directors for the Next Five Years
Facebook, Inc. 27-May-20 USA Approve Remuneration of Non-Salary Comp. Approve Non-Employee Director 1 Executive Directors and/or Compensation Policy Non-Executive Directors
Activision Blizzard, Inc. 11-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers'Compensation Officers' Compensation
The Bank of New York Mellon 15-Apr-20 USA Amend Articles Board-Related SH-Dirs' Related Require Shareholder Approval of Bylaw 1 Corporation Amendments Adopted by the Board of Directors
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director K. Ram Shiram 1
Currency Exchange International, 25-Mar-20 USA Approve Stock Option Plan Non-Salary Comp. Approve Stock Option Plan Grants 1 Corp. Grants
Hexagon AB 01-Dec-20 Sweden Approve Restricted Stock Plan Non-Salary Comp. Approve Performance Share Plan for Key 1 Employees
Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Navjeet (Bob) S. Dhillon 1
Page 4 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
InterRent Real Estate Investment 04-Aug-20 Canada Elect Directors (Bundled) Directors Related Elect Paul Amirault, Paul Bouzanis, 1 Trust Ronald Leslie, John Jussup, Ronald Leslie, Mike McGahan, and Cheryl Pangborn as Trustees of InterRent Trust
QUALCOMM Incorporated 10-Mar-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers'Compensation Officers' Compensation
Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director David W. Binet 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Denis Boudreault 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Ilkka T. Suominen 1
The Toronto-Dominion Bank 02-Apr-20 Canada Limit Executive Compensation SH-Compensation SP A: Disclose Equity Ratio Used By the 1 Compensation Committee In Determining Compensation
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Antti I. Aarnio-Wihuri 1
Amazon.com, Inc. 27-May-20 USA Labor Issues - Discrimination and SH-Other/misc. Report on Promotion Velocity 1 Miscellaneous
Amazon.com, Inc. 27-May-20 USA Require Independent Board SH-Routine/Business Require Independent Board Chairman 1 Chairman
The TJX Companies, Inc. 09-Jun-20 USA Report on Pay Disparity SH-Compensation Report on Pay Disparity 1
Alimentation Couche-Tard Inc. 16-Sep-20 Canada Company-Specific- SH-Corp Governance SP 2: Determine that a Director is 1 -Governance-Related Independent or Non-Independent Be Disclosed in Management Circular
Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director Andrew Pastor 1
Interactive Brokers Group, Inc. 23-Apr-20 USA Elect Director Directors Related Elect Director Paul J. Brody 1
Canadian Imperial Bank of 08-Apr-20 Canada Board Diversity SH-Dirs' Related SP 2: Adopt a Diversity Target Higher 1 Commerce than 40% for the Composition of the Board of Directors for the Next Five Years
The Bank of New York Mellon 15-Apr-20 USA Gender Pay Gap SH-Other/misc. Report on Gender Pay Gap 1 Corporation
The Toronto-Dominion Bank 02-Apr-20 Canada Board Diversity SH-Dirs' Related SP B: Set a Diversity Target of More 1 than 40% for the Composition of its Board of Directors for the Next Five Years
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Pierre-Paul Lassonde 1
Cameco Corporation 30-Apr-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive 1 Executive Officers'Compensation Compensation Approach
ANTA Sports Products Ltd. 11-May-20 Cayman Islands Authorize Reissuance of Capitalization Authorize Reissuance of Repurchased 1 Repurchased Shares Shares
Page 5 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
Badger Daylighting Ltd. 08-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive 1 Executive Officers'Compensation Compensation Approach
Shopify Inc. 27-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive 1 Executive Officers'Compensation Compensation Approach
Bank of Montreal 31-Mar-20 Canada Board Diversity SH-Dirs' Related SP 2: Set a Diversity Target of More 1 than 40% of the Board Members for the Next Five Years
Alphabet Inc. 03-Jun-20 USA Amend Omnibus Stock Plan Non-Salary Comp. Amend Omnibus Stock Plan 1
Currency Exchange International, 25-Mar-20 USA Elect Director Directors Related Elect Director Stacey Mowbray 1 Corp.
L'Oreal SA 30-Jun-20 France Elect Director Directors Related Elect Nicolas Meyers as Director 1
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director Alan R. Mulally 1
Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Jay C. Hoag 1
Netflix, Inc. 04-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers'Compensation Officers' Compensation
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director Walter G. Lohr, Jr. 1
Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Mathias Dopfner 1
The TJX Companies, Inc. 09-Jun-20 USA Animal Welfare SH-Other/misc. Report on Animal Welfare 1
Tencent Holdings Limited 13-May-20 Cayman Islands Elect Director Directors Related Elect Lau Chi Ping Martin as Director 1
The Bank of Nova Scotia 07-Apr-20 Canada Data Security, Privacy, and SH-Soc./Human Rights SP 2: Upgrade Computer Systems to 1 Internet Issues Increase Competitiveness while Ensuring Greater Protection of Personal Information
Sleep Country Canada Holdings 21-May-20 Canada Elect Director Directors Related Elect Director Christine Magee 1 Inc.
National Bank of Canada 24-Apr-20 Canada Increase Disclosure of Executive SH-Compensation SP 1: Disclosure of the Equity Ratio 1 Compensation Used by the Compensation Committee
Bank of Montreal 31-Mar-20 Canada Climate Change Action SH-Health/Environ. SP 3: Assess the Incongruities of Bank's 1 Lending History and Financing Criteria Regarding Fossil Fuel Loans and Public Statements Regarding Sustainability and Climate Change
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director L. John Doerr 1
Netflix, Inc. 04-Jun-20 USA Miscellaneous -- Environmental & Social Proposal Report on Risks of Omitting Viewpoint 1 Social Counterproposal and Ideology from EEO Policy
Royal Bank of Canada 08-Apr-20 Canada Data Security, Privacy, and SH-Soc./Human Rights SP 1: Update Computer Systems to 1 Internet Issues Increase Competitiveness while Enhancing Privacy Protection
Page 6 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
Hamilton Thorne Ltd. 16-Jun-20 Canada Change Jurisdiction of Reorg. and Mergers Approve Continuance of Company 1 Incorporation [ ] [OBCA to BCBCA]
BlackRock, Inc. 21-May-20 USA Company-Specific- SH-Corp Governance Report on the Statement on the Purpose 1 -Governance-Related of a Corporation
Facebook, Inc. 27-May-20 USA Elect Director Directors Related Elect Director Marc L. Andreessen 1
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director John T. Schwieters 1
Facebook, Inc. 27-May-20 USA Elect Director Directors Related Elect Director Peter A. Thiel 1
Novo Nordisk A/S 26-Mar-20 Denmark Company-Specific- SH-Compensation Disclosure of the Ratio between 1 -Compensation-Related Executive and Employee Remuneration in the Annual Reports
Sleep Country Canada Holdings 21-May-20 Canada Approve/Amend Bundled Non-Salary Comp. Amend Security-Based Compensation 1 Inc. Remuneration Plans Arrangements
Quebecor Inc. 14-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive 1 Executive Officers'Compensation Compensation Approach
Cameco Corporation 30-Apr-20 Canada Elect Director Directors Related Elect Director Jim Gowans 1
Exxon Mobil Corporation 27-May-20 USA Miscellaneous -- Environmental & Social Proposal Report on Costs & Benefits of 1 Social Counterproposal Climate-Related Expenditures
Facebook, Inc. 27-May-20 USA Require Environmental/Social SH-Dirs' Related Require Independent Director Nominee 1 Issue Qualifications for Director with Human and/or Civil Rights Nominees Experience
Alphabet Inc. 03-Jun-20 USA Improve Human Rights SH-Soc./Human Rights Report on Whistleblower Policies and 1 Standards or Policies Practices
Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Karanveer V. Dhillon 1
MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Eric Lefebvre 1
Facebook, Inc. 27-May-20 USA Human Rights Risk Assessment SH-Soc./Human Rights Report on Civil and Human Rights Risk 1 Assessment
SGS SA 24-Mar-20 Switzerland Other Business Routine/Business Transact Other Business (Voting) 1
Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director Barry Symons 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Michel Simard 1
Saputo Inc. 06-Aug-20 Canada Link Executive Pay to Social SH-Compensation SP 1: Incorporation of Environmental, 1 Criteria Social and Governance (ESG) Factors in Executive Compensation
Apple Inc. 26-Feb-20 USA Link Executive Pay to Social SH-Compensation Assess Feasibility of Including 1 Criteria Sustainability as a Performance Measure for Senior Executive Compensation
McDonald's Corporation 21-May-20 USA Product Toxicity and Safety SH-Health/Environ. Report on Sugar and Public Health 1
Page 7 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
Amazon.com, Inc. 27-May-20 USA Community -Environment Impact SH-Health/Environ. Report on Reducing Environmental and 1 Health Harms to Communities of Color
Spin Master Corp. 07-May-20 Canada Elect Director Directors Related Elect Director Jeffrey I. Cohen 1
Interactive Brokers Group, Inc. 23-Apr-20 USA Elect Director Directors Related Elect Director Thomas Peterffy 1
Cameco Corporation 30-Apr-20 Canada Elect Director Directors Related Elect Director Don Kayne 1
Facebook, Inc. 27-May-20 USA Miscellaneous Proposal -- Social Proposal Report on Online Child Sexual 1 Environmental & Social Exploitation
InterRent Real Estate Investment 04-Aug-20 Canada Elect Directors (Bundled) Directors Related Elect Paul Bouzanis, Brad Cutsey, Mike 1 Trust McGahan, and Curt Millar as Directors of InterRent Holdings General Partner Limited
TransAlta Corporation 21-Apr-20 Canada Amend Executive Share Option Non-Salary Comp. Amend Stock Option Plan 1 Plan
SGS SA 24-Mar-20 Switzerland Elect Member of Remuneration Routine/Business Appoint Shelby du Pasquier as Member 1 Committee of the Compensation Committee
Symrise AG 17-Jun-20 Germany Amend Articles/Bylaws/Charter -- Routine/Business Amend Articles Re: Participation and 1 Routine Voting Right
DBS Group Holdings Ltd. 30-Apr-20 Singapore Elect Director Directors Related Elect Peter Seah Lim Huat as Director 1
Interactive Brokers Group, Inc. 23-Apr-20 USA Elect Director Directors Related Elect Director Milan Galik 1
SGS SA 24-Mar-20 Switzerland Elect Member of Remuneration Routine/Business Appoint Ian Gallienne as Member of the 1 Committee Compensation Committee
Canadian Imperial Bank of 08-Apr-20 Canada Limit Executive Compensation SH-Compensation SP 1: Approve Disclosure of 1 Commerce Compensation Ratio
Alimentation Couche-Tard Inc. 16-Sep-20 Canada Income Inequality SH-Other/misc. SP 3: Adopt a Responsible Employment 1 Policy While Ensuring Its Employees a Living Wage
Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director W. Edmund Clark 1
Jamieson Wellness Inc. 26-May-20 Canada Amend Omnibus Stock Plan Non-Salary Comp. Re-approve Long-Term Incentive Plan 1
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director Robin L. Washington 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Rakel J. Aarnio-Wihuri 1
Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Reed Hastings 1
FAST RETAILING CO., LTD. 26-Nov-20 Japan Appoint Internal Statutory Directors Related Appoint Statutory Auditor Mori, 1 Auditor(s) [and Approve Masakatsu Auditor's/Auditors' Remuneration]
Calian Group Ltd. 06-Feb-20 Canada Amend Restricted Stock Plan Non-Salary Comp. Re-approve Restricted Share Unit Plan 1
Equitable Group Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Kishore Kapoor 1
Page 8 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
Exxon Mobil Corporation 27-May-20 USA Community -Environment Impact SH-Health/Environ. Report on Risks of Petrochemical 1 Operations in Flood Prone Areas iA Financial Corporation Inc. 07-May-20 Canada Sustainability Activities and SH-Health/Environ. SP 3: Use the Services of Advisory 1 Action Experts in Sustainable Development to Adequately Guide the Sustainable Development Committee
Canadian Imperial Bank of 08-Apr-20 Canada Data Security, Privacy, and SH-Soc./Human Rights SP 3: Update Computer Systems to 1 Commerce Internet Issues Increase Competitiveness while Enhancing Privacy Protection
Cullen/Frost Bankers, Inc. 29-Apr-20 USA Elect Director Directors Related Elect Director Charles W. Matthews 1
Varian Medical Systems, Inc. 15-Oct-20 USA Advisory Vote on Golden Non-Salary Comp. Advisory Vote on Golden Parachutes 1 Parachutes
Morneau Shepell Inc. 08-May-20 Canada Elect Director Directors Related Elect Director Kish Kapoor 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Martti H. Aarnio-Wihuri 1
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director Teri List-Stoll 1
Amazon.com, Inc. 27-May-20 USA Miscellaneous -- Environmental & Social Proposal Report on Viewpoint Discrimination 1 Social Counterproposal
Symrise AG 17-Jun-20 Germany Approve Discharge of Directors Related Approve Discharge of Management 1 Management Board Board for Fiscal 2019
The Bank of Nova Scotia 07-Apr-20 Canada Board Diversity SH-Dirs' Related SP 3: Set a Diversity Target of More 1 than 40% of the Board Members for the Next Five Years
Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Joseph B. Amantea 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Nathalie Lassonde 1
Novo Nordisk A/S 26-Mar-20 Denmark Approve Equity Plan Financing Non-Salary Comp. Approve Creation of Pool of Capital for 1 the Benefit of Employees
The Bank of Nova Scotia 07-Apr-20 Canada Improve Human Rights SH-Soc./Human Rights SP 4: Revise Human Rights Policies 1 Standards or Policies
BCE Inc. 07-May-20 Canada Board Diversity SH-Dirs' Related SP 1: Adopt a Diversity Target Higher 1 than 40% for the Composition of the Board of Directors for the Next Five Years
MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Stanley Ma 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Bruce J. Berry 1
Tencent Holdings Limited 13-May-20 Cayman Islands Approve Issuance of Equity or Capitalization Approve Issuance of Equity or 1 Equity-Linked Securities without Equity-Linked Securities without Preemptive Rights Preemptive Rights
Interactive Brokers Group, Inc. 23-Apr-20 USA Elect Director Directors Related Elect Director Earl H. Nemser 1
Page 9 of 16
Analysis of Votes: AGAINST/ABSTAIN/WITHHOLD (Continued)
Meeting Proposal Code Description Proposal Type # of Items Voted Company Name Date Market Category Proposal Text AGST/ABST/WITHH
Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director John Billowits 1
Microsoft Corporation 02-Dec-20 USA Company-Specific Board-Related SH-Dirs' Related Report on Employee Representation on 1 the Board of Directors
Alphabet Inc. 03-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers'Compensation Officers' Compensation
ANTA Sports Products Ltd. 11-May-20 Cayman Islands Approve Issuance of Equity or Capitalization Approve Issuance of Equity or 1 Equity-Linked Securities without Equity-Linked Securities without Preemptive Rights Preemptive Rights
Alimentation Couche-Tard Inc. 16-Sep-20 Canada Link Executive Pay to Social SH-Compensation SP 1: Integrate ESG Criteria into in 1 Criteria Establishing Executive Compensation
IDEX Corporation 07-May-20 USA Company-Specific Board-Related SH-Dirs' Related Report on Employee Representation on 1 the Board of Directors
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Kenneth P. Kuchma 1
Analysis of Votes Against Policy
Meeting Proposal Code Proposal Type # of items voted AGST Company Name Date Market Description Category Proposal Text Policy
Cameco Corporation 30-Apr-20 Canada Advisory Vote to Ratify Non-Salary Comp. Advisory Vote on Executive Compensation 1 Named Executive Approach Officers'Compensation
Badger Daylighting Ltd. 08-May-20 Canada Advisory Vote to Ratify Non-Salary Comp. Advisory Vote on Executive Compensation 1 Named Executive Approach Officers'Compensation
L'Oreal SA 30-Jun-20 France Elect Director Directors Related Elect Nicolas Meyers as Director 1
Symrise AG 17-Jun-20 Germany Amend Routine/Business Amend Articles Re: Participation and Voting 1 Articles/Bylaws/Charter -- Right Routine
Symrise AG 17-Jun-20 Germany Approve Discharge of Directors Related Approve Discharge of Management Board for 1 Management Board Fiscal 2019
Analysis of Votes Against Management
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Alphabet Inc. 03-Jun-20 USA Require a Majority Vote for the SH-Dirs' Related Require a Majority Vote for the Election of 1 Election of Directors Directors Wal-Mart de Mexico SAB de 24-Mar-20 Mexico Amend Omnibus Stock Plan Non-Salary Comp. Approve Report and Resolutions Re: Employee 1 CV Stock Purchase Plan
Page 10 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Jamieson Wellness Inc. 26-May-20 Canada Approve Qualified Employee Non-Salary Comp. Approve Employee Share Purchase Plan 1 Stock Purchase Plan Exxon Mobil Corporation 27-May-20 USA Political Contributions SH-Other/misc. Report on Political Contributions 1 Disclosure Tencent Holdings Limited 13-May-20 Cayman Islands Authorize Reissuance of Capitalization Authorize Reissuance of Repurchased Shares 1 Repurchased Shares Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director Peter J. Thomson 1
MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Claude St-Pierre 1
Interactive Brokers Group, 23-Apr-20 USA Elect Director Directors Related Elect Director William Peterffy 1 Inc. Exxon Mobil Corporation 27-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting DBS Group Holdings Ltd. 30-Apr-20 Singapore Elect Director Directors Related Elect Ow Foong Pheng as Director 1
Pfizer Inc. 23-Apr-20 USA Political Lobbying Disclosure SH-Other/misc. Report on Lobbying Payments and Policy 1
Apple Inc. 26-Feb-20 USA Amend Proxy Access Right SH-Dirs' Related Proxy Access Amendments 1
Facebook, Inc. 27-May-20 USA Approve Remuneration of Non-Salary Comp. Approve Non-Employee Director Compensation 1 Executive Directors and/or Policy Non-Executive Directors Activision Blizzard, Inc. 11-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers' Compensation Officers'Compensation Amazon.com, Inc. 27-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director K. Ram Shiram 1
Currency Exchange 25-Mar-20 USA Approve Stock Option Plan Non-Salary Comp. Approve Stock Option Plan Grants 1 International, Corp. Grants Hexagon AB 01-Dec-20 Sweden Approve Restricted Stock Plan Non-Salary Comp. Approve Performance Share Plan for Key 1 Employees Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Navjeet (Bob) S. Dhillon 1
InterRent Real Estate 04-Aug-20 Canada Elect Directors (Bundled) Directors Related Elect Paul Amirault, Paul Bouzanis, Ronald 1 Investment Trust Leslie, John Jussup, Ronald Leslie, Mike McGahan, and Cheryl Pangborn as Trustees of InterRent Trust QUALCOMM Incorporated 10-Mar-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers' Compensation Officers'Compensation Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director David W. Binet 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Denis Boudreault 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Ilkka T. Suominen 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Antti I. Aarnio-Wihuri 1
Page 11 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Netflix, Inc. 04-Jun-20 USA Political Contributions SH-Other/misc. Report on Political Contributions 1 Disclosure Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director Andrew Pastor 1
Interactive Brokers Group, 23-Apr-20 USA Elect Director Directors Related Elect Director Paul J. Brody 1 Inc. Amazon.com, Inc. 27-May-20 USA Community -Environment SH-Health/Environ. Report on Management of Food Waste 1 Impact Amazon.com, Inc. 27-May-20 USA Miscellaneous Proposal -- Social Proposal Report on Customers' Use of its Surveillance 1 Environmental & Social and Computer Vision Products or Cloud-Based Services Facebook, Inc. 27-May-20 USA Require Independent Board SH-Routine/Business Require Independent Board Chair 1 Chairman Booking Holdings Inc. 04-Jun-20 USA Provide Right to Act by Written SH-Dirs' Related Provide Right to Act by Written Consent 1 Consent Amazon.com, Inc. 27-May-20 USA Miscellaneous Proposal -- Social Proposal Report on Potential Human Rights Impacts of 1 Environmental & Social Customers' Use of Rekognition Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Pierre-Paul Lassonde 1
Cameco Corporation 30-Apr-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive Compensation 1 Executive Approach Officers'Compensation ANTA Sports Products Ltd. 11-May-20 Cayman Islands Authorize Reissuance of Capitalization Authorize Reissuance of Repurchased Shares 1 Repurchased Shares Badger Daylighting Ltd. 08-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive Compensation 1 Executive Approach Officers'Compensation Shopify Inc. 27-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive Compensation 1 Executive Approach Officers'Compensation Alphabet Inc. 03-Jun-20 USA Amend Omnibus Stock Plan Non-Salary Comp. Amend Omnibus Stock Plan 1
Alphabet Inc. 03-Jun-20 USA Approve Recapitalization Plan SH-Corp Governance Approve Recapitalization Plan for all Stock to 1 for all Stock to Have One-vote Have One-vote per Share per Share Currency Exchange 25-Mar-20 USA Elect Director Directors Related Elect Director Stacey Mowbray 1 International, Corp. L'Oreal SA 30-Jun-20 France Elect Director Directors Related Elect Nicolas Meyers as Director 1
Amazon.com, Inc. 27-May-20 USA Human Rights Risk Assessment SH-Soc./Human Human Rights Risk Assessment 1 Rights Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director Alan R. Mulally 1
Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Jay C. Hoag 1
Netflix, Inc. 04-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers' Compensation Officers'Compensation
Page 12 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Pfizer Inc. 23-Apr-20 USA Gender Pay Gap SH-Other/misc. Report on Gender Pay Gap 1
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director Walter G. Lohr, Jr. 1
Alphabet Inc. 03-Jun-20 USA Require Environmental/Social SH-Dirs' Related Require Independent Director Nominee with 1 Issue Qualifications for Director Human and/or Civil Rights Experience Nominees Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Mathias Dopfner 1
Tencent Holdings Limited 13-May-20 Cayman Islands Elect Director Directors Related Elect Lau Chi Ping Martin as Director 1
Sleep Country Canada 21-May-20 Canada Elect Director Directors Related Elect Director Christine Magee 1 Holdings Inc. Facebook, Inc. 27-May-20 USA Gender Pay Gap SH-Other/misc. Report on Median Gender/Racial Pay Gap 1
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director L. John Doerr 1
Exxon Mobil Corporation 27-May-20 USA Require Independent Board SH-Routine/Business Require Independent Board Chair 1 Chairman Hamilton Thorne Ltd. 16-Jun-20 Canada Change Jurisdiction of Reorg. and Mergers Approve Continuance of Company [OBCA to 1 Incorporation [ ] BCBCA] Facebook, Inc. 27-May-20 USA Elect Director Directors Related Elect Director Marc L. Andreessen 1
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director John T. Schwieters 1
Danaher Corporation 05-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting Facebook, Inc. 27-May-20 USA Elect Director Directors Related Elect Director Peter A. Thiel 1
Sleep Country Canada 21-May-20 Canada Approve/Amend Bundled Non-Salary Comp. Amend Security-Based Compensation 1 Holdings Inc. Remuneration Plans Arrangements Quebecor Inc. 14-May-20 Canada Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote on Executive Compensation 1 Executive Approach Officers'Compensation Cameco Corporation 30-Apr-20 Canada Elect Director Directors Related Elect Director Jim Gowans 1
Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Karanveer V. Dhillon 1
MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Eric Lefebvre 1
SGS SA 24-Mar-20 Switzerland Other Business Routine/Business Transact Other Business (Voting) 1
Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director Barry Symons 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Michel Simard 1
Apple Inc. 26-Feb-20 USA Link Executive Pay to Social SH-Compensation Assess Feasibility of Including Sustainability as 1 Criteria a Performance Measure for Senior Executive Compensation The TJX Companies, Inc. 09-Jun-20 USA Stock Retention/Holding Period SH-Compensation Stock Retention/Holding Period 1
Spin Master Corp. 07-May-20 Canada Elect Director Directors Related Elect Director Jeffrey I. Cohen 1
Interactive Brokers Group, 23-Apr-20 USA Elect Director Directors Related Elect Director Thomas Peterffy 1 Inc.
Page 13 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Exxon Mobil Corporation 27-May-20 USA Political Lobbying Disclosure SH-Other/misc. Report on Lobbying Payments and Policy 1
Alphabet Inc. 03-Jun-20 USA Miscellaneous Proposal -- Social Proposal Report on Takedown Requests 1 Environmental & Social Cameco Corporation 30-Apr-20 Canada Elect Director Directors Related Elect Director Don Kayne 1
Alphabet Inc. 03-Jun-20 USA Gender Pay Gap SH-Other/misc. Report on Gender/Racial Pay Gap 1
Pfizer Inc. 23-Apr-20 USA Amend Proxy Access Right SH-Dirs' Related Amend Proxy Access Right 1
Pfizer Inc. 23-Apr-20 USA Provide Right to Act by Written SH-Dirs' Related Provide Right to Act by Written Consent 1 Consent InterRent Real Estate 04-Aug-20 Canada Elect Directors (Bundled) Directors Related Elect Paul Bouzanis, Brad Cutsey, Mike 1 Investment Trust McGahan, and Curt Millar as Directors of InterRent Holdings General Partner Limited TransAlta Corporation 21-Apr-20 Canada Amend Executive Share Option Non-Salary Comp. Amend Stock Option Plan 1 Plan Facebook, Inc. 27-May-20 USA Political Activities and Action SH-Other/misc. Report on Political Advertising 1
Alphabet Inc. 03-Jun-20 USA Miscellaneous Proposal -- Social Proposal Report on Arbitration of Employment-Related 1 Environmental & Social Claims SGS SA 24-Mar-20 Switzerland Elect Member of Remuneration Routine/Business Appoint Shelby du Pasquier as Member of the 1 Committee Compensation Committee Symrise AG 17-Jun-20 Germany Amend Articles/Bylaws/Charter Routine/Business Amend Articles Re: Participation and Voting 1 -- Routine Right DBS Group Holdings Ltd. 30-Apr-20 Singapore Elect Director Directors Related Elect Peter Seah Lim Huat as Director 1
Interactive Brokers Group, 23-Apr-20 USA Elect Director Directors Related Elect Director Milan Galik 1 Inc. SGS SA 24-Mar-20 Switzerland Elect Member of Remuneration Routine/Business Appoint Ian Gallienne as Member of the 1 Committee Compensation Committee CGI Inc. 29-Jan-20 Canada Proxy Voting Disclosure SH-Corp Governance SP1: Disclosure of Voting Results by Class of 1 Shares McDonald's Corporation 21-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting Facebook, Inc. 27-May-20 USA Require a Majority Vote for the SH-Dirs' Related Require a Majority Vote for the Election of 1 Election of Directors Directors iA Financial Corporation Inc. 07-May-20 Canada Report on Climate Change SH-Health/Environ. SP 1: Analyze Climate Risk and Report the 1 Results of its Analysis Thomson Reuters Corporation 03-Jun-20 Canada Elect Director Directors Related Elect Director W. Edmund Clark 1
Thomson Reuters Corporation 03-Jun-20 Canada Human Rights Risk Assessment SH-Soc./Human SP 1: Produce a Human Rights Risk Report at 1 Rights Reasonable Cost and Omitting Proprietary Information Jamieson Wellness Inc. 26-May-20 Canada Amend Omnibus Stock Plan Non-Salary Comp. Re-approve Long-Term Incentive Plan 1
Amazon.com, Inc. 27-May-20 USA Political Lobbying Disclosure SH-Other/misc. Report on Lobbying Payments and Policy 1
Alphabet Inc. 03-Jun-20 USA Elect Director Directors Related Elect Director Robin L. Washington 1
Page 14 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Netflix, Inc. 04-Jun-20 USA Amend Vote Requirements to SH-Dirs' Related Adopt Simple Majority Vote 1 Amend Articles/Bylaws/Charter Brookfield Asset Management 12-Jun-20 Canada Miscellaneous Proposal -- Social Proposal SP 1: Assign an Oversight Responsibility for 1 Inc. Environmental & Social Human Capital Management to a Board Committee Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Rakel J. Aarnio-Wihuri 1
Apple Inc. 26-Feb-20 USA Improve Human Rights SH-Soc./Human Report on Freedom of Expression and Access 1 Standards or Policies Rights to Information Policies Netflix, Inc. 04-Jun-20 USA Elect Director Directors Related Elect Director Reed Hastings 1
Activision Blizzard, Inc. 11-Jun-20 USA Political Contributions SH-Other/misc. Report on Political Contributions Disclosure 1 Disclosure FAST RETAILING CO., LTD. 26-Nov-20 Japan Appoint Internal Statutory Directors Related Appoint Statutory Auditor Mori, Masakatsu 1 Auditor(s) [and Approve Auditor's/Auditors' Remuneration] iA Financial Corporation Inc. 07-May-20 Canada Report on Environmental SH-Health/Environ. SP 2: Adopt Measured Environmental Impact 1 Policies Reduction Objectives with Clearly Identified Targets in its Sustainable Development Policy Calian Group Ltd. 06-Feb-20 Canada Amend Restricted Stock Plan Non-Salary Comp. Re-approve Restricted Share Unit Plan 1
Equitable Group Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Kishore Kapoor 1
Alphabet Inc. 03-Jun-20 USA Establish Environmental/Social SH-Dirs' Related Establish Human Rights Risk Oversight 1 Issue Board Committee Committee Facebook, Inc. 27-May-20 USA Approve Recapitalization Plan SH-Corp Governance Approve Recapitalization Plan for all Stock to 1 for all Stock to Have One-vote Have One-vote per Share per Share Cullen/Frost Bankers, Inc. 29-Apr-20 USA Elect Director Directors Related Elect Director Charles W. Matthews 1
Varian Medical Systems, Inc. 15-Oct-20 USA Advisory Vote on Golden Non-Salary Comp. Advisory Vote on Golden Parachutes 1 Parachutes Morneau Shepell Inc. 08-May-20 Canada Elect Director Directors Related Elect Director Kish Kapoor 1
Pfizer Inc. 23-Apr-20 USA Require Independent Board SH-Routine/Business Require Independent Board Chair 1 Chairman Alphabet Inc. 03-Jun-20 USA Link Executive Pay to Social SH-Compensation Assess Feasibility of Including Sustainability as 1 Criteria a Performance Measure for Senior Executive Compensation Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Martti H. Aarnio-Wihuri 1
Danaher Corporation 05-May-20 USA Elect Director Directors Related Elect Director Teri List-Stoll 1
Symrise AG 17-Jun-20 Germany Approve Discharge of Directors Related Approve Discharge of Management Board for 1 Management Board Fiscal 2019 Mainstreet Equity Corp. 12-Mar-20 Canada Elect Director Directors Related Elect Director Joseph B. Amantea 1
Lassonde Industries Inc. 15-May-20 Canada Elect Director Directors Related Elect Director Nathalie Lassonde 1
Page 15 of 16
Analysis of Votes Against Management (Continued)
Meeting Proposal Code Description Proposal Type # of items voted AGST Company Name Date Market Category Proposal Text Mgmt
Amazon.com, Inc. 27-May-20 USA Gender Pay Gap SH-Other/misc. Report on Global Median Gender/Racial Pay 1 Gap Alphabet Inc. 03-Jun-20 USA Amend Articles Board-Related SH-Dirs' Related Require Shareholder Approval of Bylaw 1 Amendments Adopted by the Board of Directors Novo Nordisk A/S 26-Mar-20 Denmark Approve Equity Plan Financing Non-Salary Comp. Approve Creation of Pool of Capital for the 1 Benefit of Employees MTY Food Group Inc. 01-May-20 Canada Elect Director Directors Related Elect Director Stanley Ma 1
Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Bruce J. Berry 1
Tencent Holdings Limited 13-May-20 Cayman Islands Approve Issuance of Equity or Capitalization Approve Issuance of Equity or Equity-Linked 1 Equity-Linked Securities without Securities without Preemptive Rights Preemptive Rights Interactive Brokers Group, 23-Apr-20 USA Elect Director Directors Related Elect Director Earl H. Nemser 1 Inc. The TJX Companies, Inc. 09-Jun-20 USA Product Toxicity and Safety SH-Health/Environ. Report on Reduction of Chemical Footprint 1
Constellation Software Inc. 05-Aug-20 Canada Elect Director Directors Related Elect Director John Billowits 1
Xylem Inc. 13-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting Amazon.com, Inc. 27-May-20 USA Miscellaneous Proposal -- Social Proposal Report on Products Promoting Hate Speech and 1 Environmental & Social Sales of Offensive Products PepsiCo, Inc. 06-May-20 USA Amend Articles/Bylaws/Charter SH-Dirs' Related Reduce Ownership Threshold for Shareholders 1 - Call Special Meetings to Call Special Meeting PepsiCo, Inc. 06-May-20 USA Product Toxicity and Safety SH-Health/Environ. Report on Sugar and Public Health 1
Alphabet Inc. 03-Jun-20 USA Advisory Vote to Ratify Named Non-Salary Comp. Advisory Vote to Ratify Named Executive 1 Executive Officers' Compensation Officers'Compensation ANTA Sports Products Ltd. 11-May-20 Cayman Islands Approve Issuance of Equity or Capitalization Approve Issuance of Equity or Equity-Linked 1 Equity-Linked Securities without Securities without Preemptive Rights Preemptive Rights Brookfield Asset Management 12-Jun-20 Canada Clawback of Incentive Payments SH-Compensation SP 2: Amend Clawback Policy to Seek 1 Inc. Recoupment of Incentive or Equity-Based Compensation Winpak Ltd. 26-Jun-20 Canada Elect Director Directors Related Elect Director Kenneth P. Kuchma 1
Unvoted Meetings
Company Name Meeting Date Meeting Type Market Meeting ID
Air Canada 25-Jun-20 Annual Canada 1394701
Cargojet Inc. 30-Mar-20 Annual/Special Canada 1391256
Stingray Group Inc. 05-Aug-20 Annual Canada 1438030
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