IndusInd Bank Limited - TD Asset Management · Vote Summary Report Reporting Period: 07/01/2016 to...

Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017

Institution Account(s): TD Emerging Markets Fund

IndusInd Bank Limited

Meeting Date: 07/01/2016

Record Date: 06/24/2016

Country: India

Meeting Type: Annual

Primary Security ID: Y3990M134

Ticker: 532187

Primary CUSIP: Y3990M134 Primary ISIN: INE095A01012 Primary SEDOL: 6100454

Proposal Number ProponentProposal Text Mgmt Rec

Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAccept Financial Statements and Statutory Reports

1 No

Mgmt ForForYesApprove Dividends 2 No

Mgmt ForForYesReelect R. Seshasayee as Director 3 No

Mgmt ForForYesApprove Price Waterhouse Chartered Accountants LLP, Mumbai as Auditors and Authorize Board to Fix Their Remuneration

4 No

Mgmt ForForYesElect Shanker Annaswamy as Independent Director

5 No

Mgmt ForForYesElect T. T. Ram Mohan as Independent Director

6 No

Mgmt ForForYesApprove Remuneration of Non-Executive Directors

7 No

Mgmt ForForYesApprove Remuneration of R. Seshasayee, Non-Executive Chairman

8 No

Mgmt ForForYesAuthorize Issuance of Long Term Bonds/Non-Convertible Debentures on Private Placement

9 No

Bharat Petroleum Corporation Ltd.



Country: India

Meeting Type: Special

Primary Security ID: Y0882Z116

Ticker: BPCL

Primary CUSIP: Y0882Z116 Primary ISIN: INE029A01011 Primary SEDOL: 6099723


Votable Proposal

Vote Instruction

Vote Against Mgmt

Postal Ballot Mgmt No

Mgmt ForForYesApprove Bonus Issue 1 No

Page 1 of 131



Bharat Financial Inclusion Limited



Country: India


Primary Security ID: Y8084Y100

Ticker: 533228

Primary CUSIP: N/A Primary ISIN: INE180K01011 Primary SEDOL: B4TL227


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Increase in Borrowing Powers 1 No

Mgmt ForForYesApprove Pledging of Assets for Debt 2 No

Mgmt ForForYesApprove Issuance of Non-Convertible Debentures and Other Debt Securities

3 No

Vodacom Group Ltd



Country: South Africa


Primary Security ID: S9453B108

Ticker: VOD

Primary CUSIP: S9453B108 Primary ISIN: ZAE000132577 Primary SEDOL: B65B4D0


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports for the Year Ended 31 March 2016

Mgmt Yes For For No

Mgmt ForForYesElect Till Streichert as Director 2 No

Mgmt ForForYesElect Marten Pieters as Director 3 No

Mgmt ForForYesRe-elect Serpil Timuray as Director 4 No

Mgmt ForForYesRe-elect John Otty as Director 5 No

Mgmt ForForYesRe-elect Phillip Moleketi as Director 6 No

Mgmt ForForYesRe-elect Shameel Aziz Joosub as Director 7 No

Mgmt ForForYesReappoint PricewaterhouseCoopers Inc as Auditors of the Company with D von Hoesslin as the Individual Registered Auditor

8 No

Mgmt ForForYesApprove Remuneration Philosophy 9 No

Mgmt ForForYesRe-elect David Brown as Member of the Audit, Risk and Compliance Committee

10 No

Mgmt ForForYesRe-elect Phillip Moleketi as Member of the Audit, Risk and Compliance Committee

11 No

Page 2 of 131



Vodacom Group Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesRe-elect Priscillah Mabelane as Member of the Audit, Risk and Compliance Committee

12 No

Mgmt ForForYesAuthorise Repurchase of Issued Share Capital 13 No

Mgmt ForForYesApprove Increase in Non-Executive Directors' Fees

14 No

Mgmt ForForYesApprove Financial Assistance to Staff and Executives of the Group to Subscribe for or Acquire Options or Securities in the Company

15 No

China Overseas Land & Investment Ltd.



Country: Hong Kong


Primary Security ID: Y15004107

Ticker: 688

Primary CUSIP: Y15004107 Primary ISIN: HK0688002218 Primary SEDOL: 6192150


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Sale and Purchase Agreement and Related Transactions

Mgmt Yes For For No

Ashok Leyland Limited



Country: India


Primary Security ID: Y0266N143

Ticker: 500477

Primary CUSIP: Y0266N143 Primary ISIN: INE208A01029 Primary SEDOL: B01NFT1


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports

Mgmt Yes For Against Yes

Mgmt ForForYesApprove Dividend 2 No

Mgmt ForForYesReelect A K Das as Director 3 No

Mgmt ForForYesApprove M S Krishnaswami & Rajan and Deloitte Haskins & Sells LLP as Joint Auditors and Authorize Board to Fix Their Remuneration

4 No

Mgmt ForForYesElect Andrew C Palmer as Independent Director

5 No

Page 3 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt AgainstForYesApprove Reappointment and Remuneration of Vinod K Dasari as Chief Executive Officer and Managing Director

6 Yes

Mgmt ForForYesApprove Remuneration of Cost Auditors 7 No

Mgmt ForForYesApprove Commission Remuneration for Non-Executive Directors

8 No

Mgmt ForForYesApprove Issuance of Equity or Equity-Linked Securities without Preemptive Rights

9 No

Mgmt ForForYesAuthorize Issuance of Non-Convertible Debentures

10 No

Mgmt ForForYesApprove Ashok Leyland Employees Stock Option Plan 2016

11 No

Bharat Financial Inclusion Limited



Country: India



Ticker: 533228

Primary CUSIP: N/A Primary ISIN: INE180K01011 Primary SEDOL: B4TL227


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt AgainstForYesReelect Paresh D. Patelas Director 2 Yes

Mgmt ForForYesApprove S. R. Batliboi & Co. LLP as Auditors and Authorize Board to Fix Their Remuneration

3 No

Mgmt ForForYesElect Rajender Mohan Malla as Independent Director

4 No

Mgmt ForForYesApprove Revision in the Remuneration of M. Ramachandra Rao as Managing Director and CEO

5 No


6 No

Mgmt ForForYesIncrease Authorized Share Capital and Amend Memorandum of Association

7 No

Page 4 of 131



HDFC Bank Limited



Country: India


Primary Security ID: Y3119P174

Ticker: HDFCBANK

Primary CUSIP: Y3119P117 Primary ISIN: INE040A01026 Primary SEDOL: B5Q3JZ5


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesReelect Keki Misty as Director 3 No

Mgmt ForForYesReelect Renu Karnad as Director 4 No

Mgmt ForForYesApprove Deloitte Haskins & Sells as Auditors and Authorize Board to Fix Their Remuneration

5 No

Mgmt ForForYesAppoint Umesh Chandra Sarangi as Independent Director

6 No

Mgmt ForForYesApprove Related Party Transactions with Housing Development Finance Corp. Ltd.

7 No

Mgmt ForForYesApprove Related Party Transactions with HDB Financial Services Ltd.

8 No

Mgmt ForForYesAmend Terms of Appointment of Paresh Sukthankar, Deputy Managing Director

9 No


10 No

Mgmt ForForYesIncrease Authorized Share Capital 11 No

Mgmt ForForYesAmend Memorandum of Association to Reflect Changes in Capital

12 No

Mgmt ForForYesAuthorize Issuance of Perpetual Debt Instruments, Tier II Capital Bonds and Senior Long Term Infrastructure Bonds

13 No

Mgmt ForForYesApprove Stock Option Plan Grants 14 No

Samsonite International S.A.



Country: Luxembourg


Primary Security ID: L80308106

Ticker: 1910

Primary CUSIP: N/A Primary ISIN: LU0633102719 Primary SEDOL: B4Q1532

Page 5 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Merger Agreement and Related Transactions

Mgmt Yes For For No

Zee Entertainment Enterprises Ltd.



Country: India



Ticker: ZEEL

Primary CUSIP: Y98893152 Primary ISIN: INE256A01028 Primary SEDOL: 6188535


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesConfirm Dividend on Preference Shares 2 No

Mgmt ForForYesApprove Dividend on Equity Shares 3 No

Mgmt AgainstForYesReelect Subhash Chandra as Director 4 Yes

Mgmt ForForYesApprove MGB & Co. LLP as Auditors and Authorize Board to Fix Their Remuneration

5 No

Mgmt ForForYesElect Adesh Kumar Gupta as Director 6 No

Mgmt ForForYesReelect Sunil Sharma as Independent Director 7 No

Mgmt ForForYesReelect Neharika Vohra as Independent Director

8 No

Mgmt ForForYesApprove Keeping of the Register of Members, Debenture-Holders, and Other Related Documents at the Office of the Registrar and Transfer Agent of the Company

9 No

DMCI Holdings, Inc.



Country: Philippines


Primary Security ID: Y2088F100

Ticker: DMC

Primary CUSIP: Y2088F100 Primary ISIN: PHY2088F1004 Primary SEDOL: 6272483

Page 6 of 131



DMCI Holdings, Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve the Minutes of the Annual Stockholders' Meeting Held on July 29, 2015

Mgmt Yes For For No

Mgmt ForForYesApprove the Management Report 2 No

Mgmt ForForYesRatify All Acts of the Board of Directors and Officers During the Preceding Year

3 No

Mgmt ForForYesAppoint SGV & Co. as External Auditors 4 No

Mgmt NoElect 9 Directors by Cumulative Voting

Mgmt ForForYesElect Isidro A. Consunji as Director 5.1 No

Mgmt ForForYesElect Cesar A. Buenaventura as Director 5.2 No

Mgmt ForForYesElect Jorge A. Consunji as Director 5.3 No

Mgmt ForForYesElect Victor A. Consunji as Director 5.4 No

Mgmt ForForYesElect Herbert M. Consunji as Director 5.5 No

Mgmt ForForYesElect Ma. Edwina C. Laperal as Director 5.6 No

Mgmt ForForYesElect Luz Consuelo A. Consunji as Director 5.7 No

Mgmt WithholdForYesElect Antonio Jose U. Periquet as Director 5.8 Yes

Mgmt ForForYesElect Honorio Reyes-Lao as Director 5.9 No

Mgmt ForForYesAmend Article II, Section 1 of the By-Laws to Provide that the Annual Stockholders' Meeting Shall be Held on the Third Tuesday of May of Each Year

6a No

Mgmt ForForYesAmend Article VI, Section 1 of the By-Laws to Provide for the Creation of a Separate Corporate Governance Committee

6b No

Mgmt ForForYesAmend Article VI, Section 6 of the By-Laws to Specifically Indicate the Duties and Responsibilities of the Corporate Governance Committee

6c No

Shriram Transport Finance Company Limited



Country: India


Primary Security ID: Y7758E119

Ticker: 511218

Primary CUSIP: Y7758E119 Primary ISIN: INE721A01013 Primary SEDOL: 6802608

Page 7 of 131



Shriram Transport Finance Company Limited


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesApprove S. R. Batliboi & Co. LLP and G. D. Apte & Co.as Joint Auditors and Authorize Board to Fix Their Remuneration

3 No

Mgmt ForForYesApprove that the Vacancy on the Board Resulting from the Retirement of Umesh Revankar Not be Filled

4 No

Mgmt ForForYesElect Jasmit Singh Gujral as Director 5 No

Mgmt ForForYesApprove Appointment and Remuneration of Jasmit Singh Gujral as Managing Director and CEO

6 No

Mgmt ForForYesApprove Increase in Borrowing Powers 7 No

Mgmt ForForYesApprove Pledging of Assets for Debt 8 No


9 No

Mgmt ForForYesAmend Articles of Association Re: Common Seal

10 No

Chongqing Changan Automobile Co., Ltd.



Country: China


Primary Security ID: CNE000000R36

Ticker: 200625

Primary CUSIP: Y1584K100 Primary ISIN: CNE000000R36 Primary SEDOL: 6193948


Votable Proposal

Vote Instruction

Vote Against Mgmt

EGM BALLOT FOR HOLDERS OF B SHARES Mgmt No

Mgmt ForForYesApprove External Donations 1 No

Page 8 of 131



Ultrapar Participacoes S.A.


Record Date:

Country: Brazil


Primary Security ID: P94396127

Ticker: UGPA3

Primary CUSIP: P94396101 Primary ISIN: BRUGPAACNOR8 Primary SEDOL: B0FHTN1


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Acquisition of Alesat Combustiveis S.A. to Be Carried Out by the Company's Subsidiary Ipiranga Produtos de Petroleo S.A.

Mgmt Yes For For No

Marico Limited



Country: India


Primary Security ID: Y5841R170

Ticker: 531642

Primary CUSIP: Y5841R170 Primary ISIN: INE196A01026 Primary SEDOL: B1S34K5


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesConfirm Interim Dividends 2 No

Mgmt ForForYesReelect Rajen Mariwala as Director 3 No

Mgmt ForForYesApprove Price Waterhouse as Auditors and Authorize Board to Fix Their Remuneration

4 No


Mgmt ForForYesApprove Marico Employee Stock Option Plan 2016 (Plan) and Grant of Options to Employees of the Company Under the Plan

6 No

Mgmt ForForYesGrant of Options to Employees of Subsidiaries Under the Plan

7 No

Glenmark Pharmaceuticals Ltd.



Country: India


Primary Security ID: Y2711C144

Ticker: 532296

Primary CUSIP: Y2711C144 Primary ISIN: INE935A01035 Primary SEDOL: 6698755

Page 9 of 131



Glenmark Pharmaceuticals Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Standalone Financial Statements and Statutory Reports

Mgmt Yes For For No

Mgmt ForForYesAccept Consolidated Financial Statements and Statutory Reports

2 No

Mgmt ForForYesApprove Final Dividend 3 No

Mgmt ForForYesReelect Rajesh Desai as Director 4 No

Mgmt ForForYesApprove Walker Chandiok & Co LLP as Auditors and Authorize Board to Fix Their Remuneration

5 No


Mgmt ForForYesElect Milind Sarwate as Independent Director 7 No

Mgmt ForForYesApprove Appointment and Remuneration of Rajesh Desai as Executive Director

8 No

Mgmt ForForYesApprove Stock Option Plan Grants to Employees of the Company Under the Employee Stock Option Scheme 2016

9 No

Mgmt ForForYesApprove Stock Option Plan Grants to Employees of Subsidiaries Under the Employee Stock Option Scheme 2016

10 No

Shree Cement Ltd.



Country: India



Ticker: 500387

Primary CUSIP: Y7757Y132 Primary ISIN: INE070A01015 Primary SEDOL: 6100357


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesConfirm Interim Dividends 2 No

Mgmt ForForYesReelect Prashant Bangur as Director 3 No

Mgmt ForForYesApprove B. R. Maheswari & Company as Auditors and Authorize Board to Fix Their Remuneration

4 No


Page 10 of 131



Shree Cement Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAmend Terms of Appointment and Approve Remuneration of Prashant Bangur

6 No

Mgmt ForForYesApprove Reappointment and Remuneration of H. M. Bangur as Managing Director

7 No


8 No

Grupo Financiero Banorte S.A.B. de C.V.



Country: Mexico



Ticker: GFNORTE O

Primary CUSIP: P49501201 Primary ISIN: MXP370711014 Primary SEDOL: 2421041


Votable Proposal

Vote Instruction

Vote Against Mgmt

Extraordinary Business Mgmt No

Mgmt ForForYesAmend Article 5 Re: Location of Corporate Domicile

1.1 No

Mgmt ForForYesAmend Article 19 Re: Asset Acquisition Operations

1.2 No

Mgmt ForForYesAmend Article 44 Re: Independent Members of Nomination Committee

1.3 No

Mgmt NoResolutions in Item 1.1 Are Subject to Suspense Consistent Condition by Which Authorization Referred to in Article 20 of Law Regulating Financial Groups is Granted, Prior Opinion of National Banking and Securities Commission and Banco de Mexico

1.4

Mgmt ForForYesAuthorize Board to Ratify and Execute Approved Resolutions

2 No




Country: Mexico



Ticker: GFNORTE O


Page 11 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Ordinary Business Mgmt No

Mgmt ForForYesApprove Cash Dividends of MXN 0.45750654921773 Per Share to Be Paid on Aug. 31, 2016

1.1 No

Mgmt ForForYesApprove Fourth and Last Payment of Dividend of 2014 to Be Paid on Aug. 31, 2016

1.2 No

Mgmt ForForYesApprove Cash Dividends of MXN 1.23355355686851 per Share

1.3 No

Mgmt ForForYesApprove First Payment of Dividend of 2015 to Be Paid on Aug. 31, 2016

1.4 No

Mgmt ForForYesApprove Second Payment of Dividend of 2015 to Be Paid in May 2017

1.5 No


2 No

Larsen & Toubro Ltd



Country: India



Ticker: 500510

Primary CUSIP: Y5217N159 Primary ISIN: INE018A01030 Primary SEDOL: B0166K8


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Dividend Payment 2 No

Mgmt ForForYesElect Sunita Sharma as Director 3 No

Mgmt ForForYesReelect S. N. Subrahmanyan as Director 4 No

Mgmt ForForYesReelect A. M Naik as Director 5 No

Mgmt ForForYesElect D. K Sen as Director 6 No

Mgmt ForForYesElect M. V Satish as Director 7 No

Mgmt ForForYesElect Naina Lal Kidwai as Independent Director

8 No

Mgmt ForForYesApprove Appointment and Remuneration of S. N Subrahmanyan as Deputy Managing Director and President

9 No

Page 12 of 131



Larsen & Toubro Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Appointment and Remuneration of D. K Sen as Executive Director

10 No

Mgmt ForForYesApprove Appointment and Remuneration of M. V Satish as Executive Director

11 No

Mgmt AgainstForYesApprove Commission Remuneration for Executive Directors

12 Yes

Mgmt AgainstForYesApprove Reappointment and Remuneration of R. Shankar Raman as Executive Director

13 Yes

Mgmt AgainstForYesApprove Reappointment and Remuneration of Shailendra Roy as Executive Director

14 Yes

Mgmt ForForYesElect Sanjeev Aga as Independent Director 15 No

Mgmt ForForYesElect Narayanan Kumar as Independent Director

16 No


17 No


18 No

Mgmt ForForYesApprove Sharp & Tannan as Joint Statutory Auditors and Authorize Board to Fix Their Remuneration

19 No

Mgmt ForForYesApprove Deloitte Haskins & Sells as Joint Statutory Auditors and Authorize Board to Fix Their Remuneration

20 No


Naspers Ltd





Primary Security ID: S53435103

Ticker: NPN

Primary CUSIP: S53435103 Primary ISIN: ZAE000015889 Primary SEDOL: 6622691


Votable Proposal

Vote Instruction

Vote Against Mgmt

Ordinary Resolutions Mgmt No

Mgmt ForForYesAccept Financial Statements and Statutory Reports for the Year Ended 31 March 2016

1 No

Mgmt ForForYesApprove Dividends for N Ordinary and A Ordinary Shares

2 No

Mgmt ForForYesReappoint PricewaterhouseCoopers Inc as Auditors of the Company with Brendan Deegan as the Individual Registered Auditor

3 No

Page 13 of 131



Naspers Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Hendrik du Toit as Director 4.1 No

Mgmt ForForYesElect Guijin Liu as Director 4.2 No

Mgmt ForForYesRe-elect Nolo Letele as Director 5.1 No

Mgmt ForForYesRe-elect Roberto Oliveira de Lima as Director 5.2 No

Mgmt ForForYesRe-elect Cobus Stofberg as Director 5.3 No

Mgmt ForForYesRe-elect Debra Meyer as Director 5.4 No

Mgmt ForForYesRe-elect Don Eriksson as Member of the Audit Committee

6.1 No

Mgmt ForForYesRe-elect Ben van der Ross as Member of the Audit Committee

6.2 No

Mgmt ForForYesRe-elect Rachel Jafta as Member of the Audit Committee

6.3 No

Mgmt AgainstForYesApprove Remuneration Policy 7 Yes

Mgmt AgainstForYesPlace Authorised but Unissued Shares under Control of Directors

8 Yes

Mgmt ForForYesAuthorise Board to Issue Shares for Cash 9 No

Mgmt ForForYesAuthorise Ratification of Approved Resolutions

10 No

Mgmt NoSpecial Resolutions

Mgmt ForForYesApprove Fees of the Board Chairman 1.1 No

Mgmt ForForYesApprove Fees of the Board Member 1.2 No

Mgmt ForForYesApprove Fees of the Audit Committee Chairman

1.3 No

Mgmt ForForYesApprove Fees of the Audit Committee Member

1.4 No

Mgmt ForForYesApprove Fees of the Risk Committee Chairman

1.5 No

Mgmt ForForYesApprove Fees of the Risk Committee Member 1.6 No

Mgmt ForForYesApprove Fees of the Human Resources and Remuneration Committee Chairman

1.7 No

Mgmt ForForYesApprove Fees of the Human Resources and Remuneration Committee Member

1.8 No

Mgmt ForForYesApprove Fees of the Nomination Committee Chairman

1.9 No

Mgmt ForForYesApprove Fees of the Nomination Committee Member

1.10 No

Mgmt ForForYesApprove Fees of the Social and Ethics Committee Chairman

1.11 No

Page 14 of 131



Naspers Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Fees of the Social and Ethics Committee Member

1.12 No

Mgmt ForForYesApprove Fees of the Trustees of Group Share Schemes/Other Personnel Funds

1.13 No

Mgmt ForForYesApprove Financial Assistance in Terms of Section 44 of the Act

2 No

Mgmt ForForYesApprove Financial Assistance in Terms of Section 45 of the Act

3 No

Mgmt ForForYesAuthorise Repurchase of N Ordinary Shares 4 No

Mgmt AgainstForYesAuthorise Repurchase of A Ordinary Shares 5 Yes

Mgmt ForForYesAmend Memorandum of Incorporation 6 No

PT Jasa Marga (Persero) Tbk



Country: Indonesia



Ticker: JSMR

Primary CUSIP: Y71285103 Primary ISIN: ID1000108103 Primary SEDOL: B28T1S7


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Rights Issue Mgmt Yes For For No

Mgmt AbstainForYesElect Directors and Commissioners 2 Yes




Country: China



Ticker: 200625



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoAPPROVE REVISED STOCK OPTION INCENTIVE PLAN AND ITS SUMMARY

Mgmt ForForYesApprove Purpose for Implementing Stock Option Incentive Plan

1.1 No

Page 15 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Management Institution for Stock Option Incentive Plan

1.2 No

Mgmt ForForYesApprove Criteria to Select Plan Participants 1.3 No

Mgmt ForForYesApprove Source, Number and Allocation of Underlying Stocks

1.4 No

Mgmt ForForYesApprove Validity Period, Granting Date, Waiting Period, Vesting Date and Lock-up Period of Stock Option Incentive Plan

1.5 No

Mgmt ForForYesApprove Exercise Price and Price-setting Basis 1.6 No

Mgmt ForForYesApprove Granting Conditions and Vesting Conditions of Stock Option

1.7 No

Mgmt ForForYesApprove Adjustment Methods and Procedures for Stock Option Incentive Plan

1.8 No

Mgmt ForForYesApprove Accounting Treatment 1.9 No

Mgmt ForForYesApprove Procedures for Granting Stock Option and Incentive Rights

1.10 No

Mgmt ForForYesApprove Respective Rights and Obligations of Company and Incentive Targets

1.11 No

Mgmt ForForYesApprove How to Implement the Restricted Stock Incentive Plan When There Are Changes for the Company and Incentive Objects

1.12 No

Mgmt ForForYesApprove Other Significant Matters 1.13 No

Mgmt ForForYesApprove Methods to Assess the Performance of Plan Participants (Revised)

2 No

Mgmt ForForYesApprove Authorization of the Board to Handle All Related Matters

3 No

Mgmt ForForYesApprove Related Party Transaction in Connection with Stock Option Incentive Plan

4 No

NetEase Inc.



Country: Cayman Islands


Primary Security ID: 64110W102

Ticker: NTES

Primary CUSIP: 64110W102 Primary ISIN: US64110W1027 Primary SEDOL: 2606440


Votable Proposal

Vote Instruction

Vote Against Mgmt

Meeting for ADR Holders Mgmt No

Mgmt ForForYesElect William Lei Ding as Director 1a No

Page 16 of 131



NetEase Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Alice Cheng as Director 1b No

Mgmt ForForYesElect Denny Lee as Director 1c No

Mgmt ForForYesElect Joseph Tong as Director 1d No

Mgmt ForForYesElect Lun Feng as Director 1e No

Mgmt AgainstForYesElect Michael Leung as Director 1f Yes

Mgmt ForForYesElect Michael Tong as Director 1g No

Mgmt ForForYesApprove Appointment of PricewaterhouseCoopers Zhong Tian LLP as Auditor

2 No

Maruti Suzuki India Ltd



Country: India



Ticker: 532500

Primary CUSIP: Y7565Y100 Primary ISIN: INE585B01010 Primary SEDOL: 6633712


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesReelect R. C. Bhargava as Director 3 No

Mgmt ForForYesReelect Kazuhiko Ayabe as Director 4 No

Mgmt ForForYesApprove Deloitte Haskins & Sells LLP as Auditors and Authorize Board to Fix Their Remuneration

5 No

Mgmt ForForYesApprove Reappointment and Remuneration of Kenichi Ayukawa as Managing Director and CEO

6 No

Mgmt ForForYesApprove Reappointment and Remuneration of Toshiaki Hasuike as Joint Managing Director

7 No


Page 17 of 131



Korea Aerospace Industries Co. Ltd.



Country: South Korea


Primary Security ID: Y4838Q105

Ticker: A047810

Primary CUSIP: N/A Primary ISIN: KR7047810007 Primary SEDOL: B3N3363


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Cho Yoo-haeng as Member of Audit Committee


Coway Co. Ltd.





Primary Security ID: Y1786S109

Ticker: A021240

Primary CUSIP: Y9694W104 Primary ISIN: KR7021240007 Primary SEDOL: 6173401


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Elect Yoon Jong-ha as Inside Director Mgmt Yes For For No

Mgmt ForForYesElect Kim Gwang-il as Non-independent Non-executive Director

1.2 No




Country: India



Ticker: BPCL

Primary CUSIP: Y0882Z116 Primary ISIN: INE029A01011 Primary SEDOL: 6099723


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesConfirm Interim Dividends and Approve Final Dividend

2 No

Mgmt AgainstForYesReelect Shrikant Prakash Gathoo as Director 3 Yes

Mgmt ForForYesAuthorize Board to Fix Remuneration of Auditors

4 No

Page 18 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAuthorize Issuance of Non-Convertible Bonds/Debentures and/or Other Debt Securities

5 No

Mgmt ForForYesApprove Material Related Party Transactions 6 No

Mgmt ForForYesElect Rajesh Kumar Mangal as Independent Director

7 No

Mgmt ForForYesElect Deepak Bhojwani as Independent Director

8 No

Mgmt ForForYesElect DeGopal Chandra Nanda as Independent Director

9 No

Mgmt AgainstForYesElect Anant Kumar Singh as Director 10 Yes

Mgmt AgainstForYesElect Ramesh Srinivasan as Director 11 Yes

Mgmt AgainstForYesElect Ramamoorthy Ramachandran as Director

12 Yes





Country: Luxembourg



Ticker: 1910



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Resignation of Miguel Kai Kwun Ko as Director

Mgmt Yes For For No

Mgmt ForForYesElect Jerome Squire Griffith as Director 2 No

Mgmt ForForYesApprove Remuneration of Jerome Squire Griffith

3 No

PT XL Axiata Tbk



Country: Indonesia



Ticker: EXCL

Primary CUSIP: Y7125N107 Primary ISIN: ID1000102502 Primary SEDOL: B0LD0W9

Page 19 of 131



PT XL Axiata Tbk


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Commissioners Mgmt Yes For For No

Korea Electric Power Corp.






Ticker: A015760

Primary CUSIP: Y48406105 Primary ISIN: KR7015760002 Primary SEDOL: 6495730


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Kim Ju-seon as Member of Audit Committee

Mgmt Yes For For No

Mgmt ForForYesAmend Articles of Incorporation 2 No

Huadian Power International Corporation Ltd.



Country: China



Ticker: 1071

Primary CUSIP: Y3738Y119 Primary ISIN: CNE000001LJ2 Primary SEDOL: B05R5D3


Votable Proposal

Vote Instruction

Vote Against Mgmt

EGM BALLOT FOR HOLDERS OF H SHARES Mgmt No

Mgmt NoELECTION OF 1 DIRECTOR VIA CUMULATIVE VOTING

Mgmt ForForYesElect Zhao Jianguo as Director and Authorize Board to Fix His Remuneration

1.1 No

Samsung Electronics Co. Ltd.






Ticker: A005930


Page 20 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Spin-Off Agreement Mgmt Yes For For No

Mgmt ForForYesElect Lee Jae-yong as Inside Director 2 No







Ticker: A005930



Votable Proposal

Vote Instruction

Vote Against Mgmt

PREFERENCE SHAREHOLDERS ARE ENTITLED TO VOTE ON ITEM 1 ONLY

Mgmt No

Mgmt ForForYesApprove Spin-Off Agreement 1 No

Lucky Cement Limited



Country: Pakistan



Ticker: LUCK

Primary CUSIP: Y53498104 Primary ISIN: PK0071501016 Primary SEDOL: 6537557


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Minutes of Previous Meeting Mgmt Yes For For No


2 No

Mgmt ForForYesApprove Cash Dividend 3 No

Mgmt ForForYesApprove EY Ford Rhodes Sidat Hyder as Auditors and Authorize Board to Fix Their Remuneration

4 No

Mgmt ForForYesAmend Articles of Association 5 No

Page 21 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAuthorize Distribution of Annual Audited Accounts, Meeting Notices and Other Information in Soft Form

6 No

Mgmt AgainstForYesOther Business 7 Yes

Coway Co. Ltd.






Ticker: A021240



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Lee Hae-seon as Inside Director Mgmt Yes For For No

Mgmt ForForYesApprove Stock Option Grants 2 No

AVI Ltd





Primary Security ID: S0808A101

Ticker: AVI

Primary CUSIP: S0808A101 Primary ISIN: ZAE000049433 Primary SEDOL: 6040958


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports for the Year Ended 30 June 2016

Mgmt Yes For For No

Mgmt ForForYesReappoint KPMG Inc as Auditors of the Company

2 No

Mgmt ForForYesRe-elect Neo Dongwana as Director 3 No

Mgmt ForForYesRe-elect James Hersov as Director 4 No

Mgmt ForForYesRe-elect Richard Inskip as Director 5 No

Mgmt ForForYesRe-elect Michael Koursaris as Director 6 No

Mgmt ForForYesRe-elect Michael Bosman as Chairman of the Audit and Risk Committee

7 No

Page 22 of 131



AVI Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesRe-elect Neo Dongwana as Member of the Audit and Risk Committee

8 No

Mgmt ForForYesRe-elect James Hersov as Member of the Audit and Risk Committee

9 No

Mgmt ForForYesApprove Fees Payable to the Non-executive Directors Excluding the Board Chairman and the Foreign Non-executive Director, Adrian Nuhn

10 No

Mgmt ForForYesApprove Fees Payable to the Board Chairman 11 No

Mgmt ForForYesApprove Fees Payable to the Foreign Non-executive Director, Adrian Nuhn

12 No

Mgmt ForForYesApprove Fees Payable to the Members of the Remuneration, Nomination and Appointments Committee

13 No

Mgmt ForForYesApprove Fees Payable to the Members of the Audit and Risk Committee

14 No

Mgmt ForForYesApprove Fees Payable to the members of the Social and Ethics Committee

15 No

Mgmt ForForYesApprove Fees Payable to the Chairman of the Remuneration, Nomination and Appointments Committee

16 No

Mgmt ForForYesApprove Fees Payable to the Chairman of the Audit and Risk Committee

17 No

Mgmt ForForYesApprove Fees Payable to the Chairman of the Social and Ethics Committee

18 No


Mgmt ForForYesApprove Financial Assistance in Terms of Section 45 of the Companies Act

20 No

Mgmt ForForYesApprove Deferred Bonus Share Plan 21 No

Mgmt ForForYesPlace Authorised but Unissued Shares under Control of Directors in Terms of the Deferred Bonus Share Plan

22 No

Mgmt ForForYesApprove Revised Executive Share Incentive Scheme

23 No

Mgmt ForForYesPlace Authorised but Unissued Shares under Control of Directors in Terms of the Revised Executive Share Incentive Scheme

24 No

Mgmt ForForYesPlace Authorised but Unissued Shares under Control of Directors in Terms of the the Out-Performance Scheme

25 No

Mgmt ForForYesApprove Remuneration Policy 26 No

Page 23 of 131






Country: China



Ticker: 200625



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Yuzui Motor City Own-brand Multi-purpose Vehicle Capability Project

1 No

Mgmt ForForYesApprove Appointment of 2016 Financial Auditor

2 No

Mgmt ForForYesApprove Appointment of 2016 Internal Control Auditor

3 No

Mgmt ForForYesApprove Merger by Absorption 4 No

Mgmt ForForYesApprove Amendments to Articles of Association

5 No

Mgmt AbstainForYesAmend Related-Party Transaction Management System

6 Yes

Bank of China Limited



Country: China


Primary Security ID: Y0698A107

Ticker: 3988

Primary CUSIP: Y0698A107 Primary ISIN: CNE1000001Z5 Primary SEDOL: B154564


Votable Proposal

Vote Instruction

Vote Against Mgmt


SH ForForYesElect Wang Xiquan as Supervisor 1 No

Mgmt ForForYesElect Ren Deqi as Director 2 No

Mgmt ForForYesElect Gao Yingxin as Director 3 No

Mgmt ForForYesElect Angela Chao as Director 4 No

Mgmt ForForYesApprove 2015 Remuneration Distribution Plan for Chairman of the Board of Directors, Executive Directors, Chairman of the Board of Supervisors and Shareholders' Representative Supervisors

5 No

Page 24 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Establishment of the Charity Foundation of Bank of China

6 No


Sasol Ltd





Primary Security ID: 803866102

Ticker: SOL

Primary CUSIP: 803866102 Primary ISIN: ZAE000006896 Primary SEDOL: 6777450


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports for the Year Ended 30 June 2016

Mgmt No

Mgmt NoApprove Nomination, Governance, Social and Ethics Committee Report

2

Mgmt ForForYesRe-elect Colin Beggs as Director 3.1 No

Mgmt ForForYesRe-elect Henk Dijkgraaf as Director 3.2 No

Mgmt ForForYesRe-elect JJ Njeke as Director 3.3 No

Mgmt ForForYesRe-elect Bongani Nqwababa as Director 3.4 No

Mgmt ForForYesRe-elect Peter Robertson as Director 3.5 No

Mgmt ForForYesElect Stephen Cornell as Director 4.1 No

Mgmt ForForYesElect Manuel Cuambe as Director 4.2 No

Mgmt ForForYesRe-elect Paul Victor as Director 4.3 No

Mgmt ForForYesReappoint PricewaterhouseCoopers Inc as Auditors of the Company

5 No

Mgmt ForForYesRe-elect Colin Beggs as Member of the Audit Committee

6.1 No

Mgmt ForForYesRe-elect Nomgando Matyumza as Member of the Audit Committee

6.2 No

Mgmt ForForYesRe-elect Imogen Mkhize as Member of the Audit Committee

6.3 No

Mgmt ForForYesRe-elect JJ Njeke as Member of the Audit Committee

6.4 No

Mgmt ForForYesRe-elect Stephen Westwell as Member of the Audit Committee

6.5 No


Page 25 of 131



Sasol Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Long-Term Incentive Plan 8 No

Mgmt ForForYesApprove Issue of Shares in Connection with the Long-Term Incentive Share Plan

9 No

Mgmt ForForYesApprove Remuneration of Non-executive Directors

10 No

Mgmt ForForYesApprove Financial Assistance in Terms of Sections 44 and 45 of the Act

11 No

Mgmt ForForYesAmend Memorandum of Incorporation Re: Clause 9.1

12 No

Mgmt ForForYesAmend Memorandum of Incorporation Re: Clause 22.2

13 No

Mgmt ForForYesAmend Memorandum of Incorporation Re: Clause 23.1.12

14 No


Mgmt ForForYesAuthorise Repurchase of Issued Share Capital from a Director and/or a Prescribed Officer of the Company

16 No

Petroleo Brasileiro SA-Petrobras


Record Date:

Country: Brazil



Ticker: PETR4

Primary CUSIP: P78331140 Primary ISIN: BRPETRACNPR6 Primary SEDOL: 2684532


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Marcelo Mesquita de Siqueira Filho as Director Appointed by Minority Shareholder

SH Yes None For No

Mgmt ForForYesApprove Sale of 90 Percent of Shares of Nova Transportadora do Sudeste - NTS (NTS)

2 No

Mgmt ForForYesWaive Petrobras' Preemptive Rights to Subscribe Convertible Debentures to be Issued by Nova Transportadora do Sudeste - NTS (NTS)

3 No

Mgmt ForForYesAmend Articles 4 No

Mgmt ForForYesConsolidate Bylaws 5 No

Page 26 of 131



Grupo Financiero Santander Mexico S.A.B. de C.V.



Country: Mexico



Ticker: SANMEX B



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoSpecial Shareholders Meeting Agenda

Mgmt AbstainForYesDismiss, Elect and Ratify Directors Representing Series B Shareholders

1 Yes

Mgmt AbstainForYesAuthorize Board to Ratify and Execute Approved Resolutions

2 Yes

Mgmt NoGeneral Ordinary and Extraordinary Shareholders Meeting Agenda

Mgmt AbstainForYesDismiss, Elect and Ratify Principal and Alternate Directors Representing Series F and B Shareholders

1 Yes

Mgmt ForForYesApprove Cash Dividends 2 No

Mgmt AbstainForYesAuthorize Issuance of Subordinated Debentures

3 Yes

Mgmt AbstainForYesApprove Increase in Share Capital Which Will be Represented by Shares of Company Held in Treasury

4 Yes

Mgmt AbstainForYesAmend Articles 5 Yes

Mgmt AbstainForYesApprove Modifications of Sole Responsibility Agreement

6 Yes


7 No

Mexichem S.A.B. de C.V.



Country: Mexico



Ticker: MEXCHEM *

Primary CUSIP: P57908132 Primary ISIN: MX01ME050007 Primary SEDOL: 2434760


Votable Proposal

Vote Instruction

Vote Against Mgmt


Page 27 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Cash Dividends of USD 105 Million 1 No

Mgmt ForForYesApprove Stock Dividend at a Rate of 0.025 Shares per Share

2 No


3 No

Raia Drogasil S.A.


Record Date:

Country: Brazil


Primary Security ID: P7942C102

Ticker: RADL3

Primary CUSIP: P3587W107 Primary ISIN: BRRADLACNOR0 Primary SEDOL: B7FQV64


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Re-Ratify Remuneration of Company's Management for Fiscal Year 2015

Mgmt Yes For For No

Mgmt ForForYesRe-Ratify Remuneration of Company's Management for Fiscal Year 2016

2 No

MMC Norilsk Nickel PJSC



Country: Russia


Primary Security ID: 55315J102

Ticker: MNOD

Primary CUSIP: 55315J102 Primary ISIN: RU0007288411 Primary SEDOL: B5B1TX2


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Interim Dividends for First Nine Months of Fiscal 2016

1 No




Country: Mexico



Ticker: SANMEX B


Page 28 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt




2 No

Arcelik A.S.


Record Date:

Country: Turkey


Primary Security ID: M1490L104

Ticker: ARCLK

Primary CUSIP: M1490L104 Primary ISIN: TRAARCLK91H5 Primary SEDOL: B03MP18


Votable Proposal

Vote Instruction

Vote Against Mgmt

Special Meeting Agenda Mgmt No

Mgmt ForForYesOpen Meeting and Elect Presiding Council of Meeting

1 No

Mgmt NoReceive Information Re: Partial Demerger to be Discussed Under Item 5

2

Mgmt NoReceive Information on Absence of Right of Withdrawal

3

Mgmt ForForYesAccept Interim Financial Statements 4 No

Mgmt ForForYesApprove Spin-Off Agreement and Related Formalities

5 No

Mgmt NoWishes 6




Country: China



Ticker: 1071

Primary CUSIP: Y3738Y119 Primary ISIN: CNE000001LJ2 Primary SEDOL: B05R5D3

Page 29 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Purchase of Coal by the Group from China Huadian, Its Subsidiaries and Companies and Related Annual Cap

1a No

Mgmt ForForYesApprove Provision of Engineering Equipments, Systems, Products and Engineering and Construction Contracting Projects, Supplies Procurement Services and Other Miscellaneous and Relevant Services and Related Annual Cap

1b No

Mgmt ForForYesApprove Sale of Coal and Provision of Services Such as Overhauls and Maintenance of Generating Units of Power Plants, Alternative Power Generation and Relevant Quota Services and Related Annual Cap

1c No

SH ForForYesElect Tian Hongbao as Director and Authorize Board to Fix His Remuneration

2 No




Country: Pakistan



Ticker: LUCK

Primary CUSIP: Y53498104 Primary ISIN: PK0071501016 Primary SEDOL: 6537557


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt AgainstForYesApprove Acquisition of Shares in Associated Project Company

2 Yes


CCC SA



Country: Poland


Primary Security ID: X5818P109

Ticker: CCC

Primary CUSIP: X5818P109 Primary ISIN: PLCCC0000016 Primary SEDOL: B04QR13

Page 30 of 131



CCC SA


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Open Meeting Mgmt No

Mgmt ForForYesElect Meeting Chairman 2 No

Mgmt NoAcknowledge Proper Convening of Meeting 3

Mgmt ForForYesElect Members of Vote Counting Commission 4 No

Mgmt ForForYesApprove Agenda of Meeting 5 No

Mgmt ForForYesApprove Issuance of New Series F Shares without Preemptive Rights

6 No

Mgmt ForForYesEliminate Preemptive Rights with Regards to New Series F Shares

7 No

Mgmt ForForYesApprove Issuance of Convertible Warrants Without Preemptive Rights

8 No

Mgmt ForForYesEliminate Preemptive Rights with Regards to New Convertible Warrants

9 No

Mgmt ForForYesApprove Listing, Dematerialization, and Registration of Newly Issued Shares

10 No

Mgmt ForForYesAmend Statute to Reflect Changes in Capital 11 No

Mgmt ForForYesAmend Statute Re: Management Board Authorization to Increase Share Capital within Limits of Target Capital with Possible Exclusion of Preemptive Rights

12 No

Mgmt ForForYesAuthorize Share Repurchase Program 13 No

Mgmt ForForYesApprove Creation of Reserve Capital for Purposes of Share Repurchase Program

14 No

Mgmt AgainstForYesAmend Statute Re: Voting Rights Cap 15 Yes

Mgmt AbstainForYesElect Supervisory Board Member 16 Yes

Mgmt NoClose Meeting 17




Country: India



Ticker: 500477


Page 31 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesAmend Memorandum of Association 1 No

Mgmt ForForYesIncrease Number of Stock Options Under Ashok Leyland Employees Stock Option Plan 2016

2 No




Country: India

Meeting Type: Court


Ticker: 500477



Votable Proposal

Vote Instruction

Vote Against Mgmt

Court-Ordered Meeting for Shareholders Mgmt No

Mgmt ForForYesApprove Scheme of Amalgamation 1 No




Country: India



Ticker: 500477



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Scheme of Amalgamation 1 No

Page 32 of 131



Clicks Group Ltd






Ticker: CLS



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports for the Year Ended 31 August 2016

Mgmt Yes For For No

Mgmt ForForYesReappoint Ernst & Young Inc as Auditors of the Company with Malcolm Rapson as the Individual Registered Auditor

2 No

Mgmt AgainstForYesRe-elect Martin Rosen as Director 3 Yes

Mgmt ForForYesRe-elect John Bester as Member of the Audit and Risk Committee

4.1 No

Mgmt ForForYesRe-elect Fatima Jakoet as Member of the Audit and Risk Committee

4.2 No

Mgmt ForForYesElect David Nurek as Member of the Audit and Risk Committee

4.3 No



Mgmt ForForYesApprove Directors' Fees 7 No

Mgmt ForForYesApprove Financial Assistance to Related or Inter-related Company or Corporation

8 No

Mgmt ForForYesAuthorise Specific Repurchase of Shares from New Clicks Holdings Share Trust

9 No



Record Date:

Country: Brazil



Ticker: PETR4



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Sale of Liquigas Distribuidora S.A. Mgmt Yes For For No

Mgmt ForForYesApprove Sale of PetroquimicaSuape and CITEPE

2 No

Page 33 of 131



China Mengniu Dairy Co., Ltd.





Primary Security ID: G21096105

Ticker: 2319

Primary CUSIP: G21096105 Primary ISIN: KYG210961051 Primary SEDOL: B01B1L9


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Sale and Purchase Agreement and Related Transactions

Mgmt Yes For For No

Grupo Financiero Banorte, S.A.B. de C.V.



Country: Mexico



Ticker: GFNORTE O



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Advancement of Payment for Cash Dividend of MXN 1.23 Approved at the Shareholder Meeting on August 19, 2016

1.1 No

Mgmt ForForYesApprove Pay Date of Cash Dividends for March 7, 2017

1.2 No

Mgmt NoAccept Auditor's Report on Fiscal Situation of Company

2


3 No

Banco Bradesco S.A.


Record Date:

Country: Brazil


Primary Security ID: P1808G117

Ticker: BBDC4

Primary CUSIP: P1808G117 Primary ISIN: BRBBDCACNPR8 Primary SEDOL: B00FM53


Votable Proposal

Vote Instruction

Vote Against Mgmt

Meeting for Preferred Shareholders Mgmt No

Page 34 of 131



Banco Bradesco S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt

SH AbstainNoneYesElect Director Appointed by Preferred Shareholder

1 No

SH Do Not Vote

NoneYesElect Luiz Carlos de Freitas as Fiscal Council Member and Jose Luiz Rodrigues Bueno as Alternate Appointed by Preferred Shareholder

2.1 No

SH ForNoneYesElect Walter Luis Bernardes Albertoni as Fiscal Council Member and Reginaldo Ferreira Alexandre as Alternate Appointed by Preferred Shareholder

2.2 No

Banco Bradesco S.A.



Country: Brazil


Primary Security ID: P1808G117

Ticker: BBDC4

Primary CUSIP: P1808G117 Primary ISIN: BRBBDCACNPR8 Primary SEDOL: B00FM53


Votable Proposal

Vote Instruction

Vote Against Mgmt

Meeting for ADR Preferred Shareholders Mgmt No

SH AgainstNoneYesElect Luiz Carlos de Freitas as Fiscal Council Member and Jose Luiz Rodrigues Bueno as Alternate Appointed by Preferred Shareholder

5 No

Powszechna Kasa Oszczednosci Bank Polski SA



Country: Poland


Primary Security ID: X6919X108

Ticker: PKO

Primary CUSIP: X6919X108 Primary ISIN: PLPKO0000016 Primary SEDOL: B03NGS5


Votable Proposal

Vote Instruction

Vote Against Mgmt

Management Proposals Mgmt No

Mgmt NoOpen Meeting 1



Mgmt NoReceive Agenda of Meeting 4

Page 35 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt NoShareholder Proposals

SH ForNoneYesApprove Remuneration Policy for Management Board Members

5 No

SH ForNoneYesApprove Remuneration Policy for Supervisory Board Members

6 No

Mgmt NoManagement Proposals

Mgmt ForForYesAmend Statute 7 No


Commercial International Bank (Egypt) SAE


Record Date:

Country: Egypt


Primary Security ID: M25561107

Ticker: COMI

Primary CUSIP: M25561107 Primary ISIN: EGS60121C018 Primary SEDOL: 6243898


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Board Report on Company Operations for FY16

1 No

Mgmt ForForYesApprove Auditors' Report on Company Financial Statements for FY16

2 No

Mgmt ForForYesAccept Financial Statements and Statutory Reports for FY16

3 No

Mgmt ForForYesApprove Allocation of Income for FY16 and Authorize the Board to Fix and Distribute Employee's Share in the Profits

4 No

Mgmt AgainstForYesApprove Discharge Directors for FY16 and Fix their Remuneration for FY17

5 Yes

Mgmt ForForYesRatify Auditors and Fix Their Remuneration for FY17

6 No

Mgmt ForForYesApprove Charitable Donations for FY16 and FY17

7 No

Mgmt AgainstForYesApprove Remuneration of Committee Members for FY17

8 Yes

Mgmt AgainstForYesElect Directors (Bundled) 9 Yes

Mgmt AgainstForYesApprove Related Party Transactions 10 Yes

Page 36 of 131



PT Bank Mandiri (Persero) Tbk



Country: Indonesia



Ticker: BMRI

Primary CUSIP: Y7123S108 Primary ISIN: ID1000095003 Primary SEDOL: 6651048


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements, Statutory Reports, Approve Annual Report of the Partnership and Community Development Program (PCDP), and Discharge of Directors and Commissioners

Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Income 2 No

Mgmt ForForYesAppoint Auditors of the Company and PCDP 3 No

Mgmt ForForYesApprove Remuneration and Bonus of Directors and Commissioners

4 No

Mgmt ForForYesApprove the Enforcement of the State-owned Minister Regulation No. PER-03/MBU/12/2016 on the Partnership and Community Development Programs of the State-owned Enterprises

5 No

Mgmt AgainstForYesAmend Articles of Association 6 Yes


Steinhoff International Holdings N.V.



Country: Netherlands


Primary Security ID: N3493N102

Ticker: SNH

Primary CUSIP: N/A Primary ISIN: NL0011375019 Primary SEDOL: BZ56LK4


Votable Proposal

Vote Instruction

Vote Against Mgmt

Annual Meeting Agenda Mgmt No


Mgmt NoReceive Report of Management Board (Non-Voting)

2

Mgmt NoDiscuss Implementation Remuneration Policy for Management Board Members

3

Mgmt ForForYesAdopt Financial Statements and Statutory Reports

4 No

Page 37 of 131



Steinhoff International Holdings N.V.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt NoReceive Explanation on Company's Reserves and Dividend Policy

5

Mgmt ForForYesApprove Dividends of EUR 0.15 Per Share 6 No

Mgmt ForForYesApprove Discharge of Management Board 7 No

Mgmt ForForYesApprove Discharge of Supervisory Board 8 No

Mgmt NoNotification of Non-Binding Nominations of J. Naidoo, C.E. Daun, B.E. Steinhoff and C.H. Wiese

9a

Mgmt AgainstForYesElect C.E.Draun to Supervisory Board 9b Yes

Mgmt AgainstForYesElect B.E. Steinhoff to Supervisory Board 9c Yes

Mgmt AgainstForYesElect C.H. Wiese to Supervisory Board 9d Yes

Mgmt AgainstForYesElect J. Naidoo to Supervisory Board 9e Yes

Mgmt ForForYesApprove Remuneration of Supervisory Board 10 No

Mgmt ForForYesGrant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger

11 No

Mgmt ForForYesAuthorize Board to Exclude Preemptive Rights from Share Issuances

12 No

Mgmt ForForYesAuthorize Repurchase of Up to 20 Percent of Issued Share Capital

13 No

Mgmt ForForYesRatify Deloitte as Auditors 14 No

Mgmt NoOther Business (Non-Voting) 15


Fomento Economico Mexicano S.A.B. de C.V. FEMSA



Country: Mexico


Primary Security ID: P4182H115

Ticker: FEMSA UBD

Primary CUSIP: P4182H115 Primary ISIN: MXP320321310 Primary SEDOL: 2242059


Votable Proposal

Vote Instruction

Vote Against Mgmt



1 No

Mgmt ForForYesAccept Report on Adherence to Fiscal Obligations

2 No

Page 38 of 131



Fomento Economico Mexicano S.A.B. de C.V. FEMSA


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Allocation of Income and Cash Dividends

3 No

Mgmt ForForYesSet Maximum Amount of Share Repurchase Program

4 No

Mgmt ForForYesElect Directors and Secretaries, Verify Director's Independence Classification as Per Mexican Securities Law, and Approve their Remuneration

5 No

Mgmt ForForYesElect Members and Chairmen of Finance and Planning, Audit, and Corporate Practices Committees; Approve Their Remuneration

6 No


7 No

Mgmt ForForYesApprove Minutes of Meeting 8 No

PT Bank Negara Indonesia (Persero) Tbk



Country: Indonesia



Ticker: BBNI

Primary CUSIP: Y74568166 Primary ISIN: ID1000096605 Primary SEDOL: 6727121


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Annual Report, Financial Statements, Report of the Partnership and Community Development Program (PCDP), and Discharge of Directors and Commissioners

Mgmt Yes For For No


Mgmt ForForYesApprove Remuneration and Tantiem of Directors and Commissioners

3 No

Mgmt ForForYesAppoint Auditors of the Company and PCDP 4 No


5 No

Mgmt AbstainForYesAmend Articles of Association 6 Yes


Page 39 of 131



AmorePacific Corp.






Ticker: A090430

Primary CUSIP: Y01258105 Primary ISIN: KR7090430000 Primary SEDOL: B15SK50


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements and Allocation of Income

Mgmt Yes For For No


Mgmt ForForYesElect Two Outside Directors 3 No

Mgmt ForForYesElect Kim Seong-soo as Members of Audit Committee

4 No

Mgmt AgainstForYesApprove Total Remuneration of Inside Directors and Outside Directors

5 Yes

Cosmax, Inc.






Ticker: A192820

Primary CUSIP: N/A Primary ISIN: KR7192820009 Primary SEDOL: BKF2806


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Lee Gyeong-su as Inside Director 2.1 No

Mgmt ForForYesElect Choi Gyeong as Non-independent Non-executive Director

2.2 No

Mgmt ForForYesElect Lee Sang-woo as Outside Director 2.3 No

Mgmt ForForYesAppoint Lee Wan-gyeong as Internal Auditor 3 No

Mgmt ForForYesApprove Total Remuneration of Inside Directors and Outside Directors

4 No

Mgmt ForForYesAuthorize Board to Fix Remuneration of Internal Auditors

5 No

Page 40 of 131



Hyundai Motor Co.






Ticker: A005380



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Chung Mong-koo as Inside Director 2.1 No

Mgmt ForForYesElect Choi Eun-soo as Outside Director 2.2 No

Mgmt ForForYesElect Choi Eun-soo as Member of Audit Committee

3 No


4 No

Hyundai WIA Corp.






Ticker: A011210

Primary CUSIP: N/A Primary ISIN: KR7011210002 Primary SEDOL: B3LF565


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Two Inside Directors and Four Outside Directors

3 No

Mgmt ForForYesElect Three Members of Audit Committee 4 No


5 No

NAVER Corp.






Ticker: A035420

Primary CUSIP: Y6347M103 Primary ISIN: KR7035420009 Primary SEDOL: 6560393

Page 41 of 131



NAVER Corp.


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Han Seong-sook as Inside Director 3.1 No

Mgmt ForForYesElect Byeon Dae-gyu as Non-independent Non-executive Director

3.2 No


4 No

Mgmt ForForYesApprove Spin-Off Agreement 5 No

DKSH Holding AG


Record Date:

Country: Switzerland


Primary Security ID: H2012M121

Ticker: DKSH

Primary CUSIP: N/A Primary ISIN: CH0126673539 Primary SEDOL: B71QPM2


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Income and Dividends of CHF 4.50 per Share

2 No

Mgmt ForForYesApprove Discharge of Board and Senior Management

3 No

Mgmt ForForYesApprove Maximum Remuneration of Board of Directors in the Amount of CHF 2.6 Million

4.1 No

Mgmt ForForYesApprove Maximum Remuneration of Executive Committee in the Amount of CHF 16.5 Million

4.2 No

Mgmt ForForYesReelect Adrian T. Keller as Director 5.1.1 No

Mgmt ForForYesReelect Rainer-Marc Frey as Director 5.1.2 No

Mgmt ForForYesReelect Frank Ch. Gulich as Director 5.1.3 No

Mgmt ForForYesReelect David Kamenetzky as Director 5.1.4 No

Mgmt ForForYesReelect Andreas W. Keller as Director 5.1.5 No

Mgmt AgainstForYesReelect Robert Peugeot as Director 5.1.6 Yes

Page 42 of 131



DKSH Holding AG


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesReelect Theo Siegert as Director 5.1.7 No

Mgmt ForForYesReelect Hans Christoph Tanner as Director 5.1.8 No

Mgmt ForForYesReelect Joerg Wolle as Director 5.1.9 No

Mgmt ForForYesElect Joerg Wolle as Board Chairman 5.2 No

Mgmt ForForYesAppoint Adrian T. Keller as Member of the Compensation Committee

5.3.1 No

Mgmt ForForYesAppoint Frank Ch. Gulich as Member of the Compensation Committee

5.3.2 No

Mgmt AgainstForYesAppoint Robert Peugeot as Member of the Compensation Committee

5.3.3 Yes

Mgmt ForForYesRatify Ernst & Young AG as Auditors 6 No

Mgmt ForForYesDesignate Ernst A. Widmer as Independent Proxy

7 No

Mgmt AgainstForYesTransact Other Business (Voting) 8 Yes

CJ Corp.





Primary Security ID: Y1848L118

Ticker: A001040

Primary CUSIP: Y1848L118 Primary ISIN: KR7001040005 Primary SEDOL: 6189516


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt AgainstForYesAmend Articles of Incorporation 2 Yes

Mgmt AgainstForYesElect Lee Chae-wook as Inside Director 3.1 Yes

Mgmt ForForYesElect Song Hyeon-seung as Outside Director 3.2 No

Mgmt ForForYesElect Yoo Cheol-gyu as Outside Director 3.3 No

Mgmt ForForYesElect Park Yoon-joon as Outside Director 3.4 No

Mgmt ForForYesElect Song Hyeon-seung as a Member of Audit Committee

4.1 No

Mgmt ForForYesElect Yoo Cheol-gyu as a Member of Audit Committee

4.2 No

Mgmt ForForYesElect Park Yoon-joon as a Member of Audit Committee

4.3 No

Page 43 of 131



CJ Corp.


Votable Proposal

Vote Instruction

Vote Against Mgmt


5 No

Hanwha Techwin Co., Ltd.






Ticker: A012450



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Lee Man-seop as Inside Director 3.1 No

Mgmt ForForYesElect Lee Hong-geon as Inside Director 3.2 No

Mgmt ForForYesElect Kim Joo-seong as Outside Director 3.3 No

Mgmt ForForYesElect Yang Tae-jin as Outside Director 3.4 No

Mgmt ForForYesElect Kim Joo-seong as Members of Audit Committee

4 No


5 No

Hyundai Development Co. - Engineering & Construction






Ticker: A012630



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Kim Dae-cheol as Inside Director 2.1 No

Mgmt ForForYesElect Kim Yong-deok as Outside Director 2.2 No

Page 44 of 131



Hyundai Development Co. - Engineering & Construction


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Choi Gyu-yeon as Outside Director 2.3 No

Mgmt ForForYesElect Kim Yong-deok as Members of Audit Committee

3 No


4 No

Innocean Worldwide, Inc.






Ticker: A214320

Primary CUSIP: N/A Primary ISIN: KR7214320004 Primary SEDOL: BYX20P5


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Jeong Seong-yi as Inside Director 2.1.1 No

Mgmt ForForYesElect Yoon Seok-hoon as Inside Director 2.1.2 No

Mgmt ForForYesElect Kim Jin-woo as Inside Director 2.1.3 No

Mgmt ForForYesElect Lee Jae-hong as Outside Director 2.2 No

Mgmt ForForYesElect Lee Jae-hong as Members of Audit Committee

3 No



5 No







Ticker: A047810

Primary CUSIP: N/A Primary ISIN: KR7047810007 Primary SEDOL: B3N3363


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Page 45 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Kim Tae-young as Outside Director 2.1 No

Mgmt ForForYesElect Lee Dong-ho as Outside Director 2.2 No

Mgmt ForForYesElect Lee Pal-seong as Outside Director 2.3 No

Mgmt ForForYesElect Kim Tae-young as a Member of Audit Committee

3.1 No

Mgmt ForForYesElect Lee Dong-ho as a Member of Audit Committee

3.2 No

Mgmt ForForYesElect Lee Pal-seong as a Member of Audit Committee

3.3 No


4 No

Mando Corp.





Primary Security ID: Y5762B113

Ticker: A204320

Primary CUSIP: N/A Primary ISIN: KR7204320006 Primary SEDOL: BQJZQJ8


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Two Inside Directors and Six Outside Directors

2 No

Mgmt AgainstForYesElect Four Members of Audit Committee 3 Yes


4 No







Ticker: A005930


Page 46 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


2 No

SK Holdings Co., Ltd.





Primary Security ID: Y8T642129

Ticker: A034730

Primary CUSIP: Y8066F103 Primary ISIN: KR7034730002 Primary SEDOL: B39Z8L3


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Jang Dong-hyeon as Inside Director 3.1 No

Mgmt ForForYesElect Jang Yong-seok as Outside Director 3.2 No

Mgmt ForForYesElect Jang Yong-seok as Member of Audit Committee

4 No



6 No

United Bank Limited


Record Date:

Country: Pakistan



Ticker: UBL

Primary CUSIP: Y91486103 Primary ISIN: PK0081901016 Primary SEDOL: B09RFT5


Votable Proposal

Vote Instruction

Vote Against Mgmt


Page 47 of 131



United Bank Limited


Votable Proposal

Vote Instruction

Vote Against Mgmt


2 No

Mgmt ForForYesApprove Final Cash Dividend 3 No

Mgmt ForForYesApprove A.F. Ferguson & Co. and KPMG Taseer Hadi & Co. as Auditors and Authorize Board to Fix Their Remuneration

4 No

Mgmt ForForYesReelect Mohammed Amwar Perez as Director 5.1 No

Mgmt ForForYesReelect Zameer Mohammed Choudrey as Director

5.2 No

Mgmt ForForYesReelect Haider Zameer Choudrey as Director 5.3 No

Mgmt ForForYesReelect Rizwan Perez as Director 5.4 No

Mgmt ForForYesReelect Amin Uddin as Director 5.5 No

Mgmt ForForYesReelect Arshad Ahmad Mir as Director 5.6 No

Mgmt ForForYesReelect Zaheer Sajjad as Director 5.7 No

Mgmt ForForYesReelect Khalid Ahmed Sherwani as Director 5.8 No


6 No

Mgmt ForForYesAuthorize Distribution of Annual Audited Accounts in Soft Form

7 No

Mgmt ForForYesApprove Acquisition of Shares in the Oman United Exchange Company Limited (OUECL), Associate Company

8 No




Record Date:

Country: Brazil



Ticker: PETR4



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Fiscal Council Member Mgmt Yes For For No

Mgmt ForForYesApprove Sale of PetroquimicaSuape and CITEPE

2 No

Page 48 of 131



Compania De Minas Buenaventura S.A.



Country: Peru



Ticker: BVN

Primary CUSIP: 204448104 Primary ISIN: PEP612001003 Primary SEDOL: 2894988


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Annual Report 1 No

Mgmt ForForYesApprove Financial Statements 2 No

Mgmt ForForYesAppoint Auditors 3 No


Mgmt ForForYesElect Directors 5 No

Coway Co. Ltd.






Ticker: A021240



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



Mgmt ForForYesElect Yoon Jong-ha as Inside Director 4.1 No

Mgmt ForForYesElect Bu Jae-hun as Non-independent Non-executive Director

4.2 No

Mgmt ForForYesElect Kim Gwang-il as Non-independent Non-executive Director

4.3 No

Mgmt ForForYesElect Park Tae-hyeon as Non-independent Non-executive Director

4.4 No

Mgmt ForForYesElect Choi Yeon-seok as Non-independent Non-executive Director

4.5 No

Mgmt ForForYesElect Lee Jung-sik as Outside Director 4.6 No

Mgmt ForForYesElect Lee Jun-ho as Outside Director 4.7 No

Page 49 of 131



Coway Co. Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt


5 No

Mgmt ForForYesAuthorize Board to Fix Remuneration of Internal Auditors

6 No

Hugel, Inc.





Primary Security ID: Y3R47A100

Ticker: A145020

Primary CUSIP: N/A Primary ISIN: KR7145020004 Primary SEDOL: BZ1G175


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Kim Do-hyeon as Inside Director 2.1 No

SH AgainstAgainstYesElect Hong Seong-beom as Inside Director 2.2 No

SH AgainstAgainstYesElect Sim Joo-yeop as Inside Director 2.3 No


3 No

NEXON Co.,Ltd.



Country: Japan


Primary Security ID: J4914X104

Ticker: 3659

Primary CUSIP: N/A Primary ISIN: JP3758190007 Primary SEDOL: B63QM77


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Elect Director Owen Mahoney Mgmt Yes For For No

Mgmt ForForYesElect Director Uemura, Shiro 1.2 No

Mgmt ForForYesElect Director Jiwon Park 1.3 No

Mgmt ForForYesElect Director Honda, Satoshi 1.4 No

Mgmt ForForYesElect Director Kuniya, Shiro 1.5 No

Page 50 of 131



NEXON Co.,Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAppoint Statutory Auditor Koyama, Hideo 2 No

Mgmt ForForYesApprove Stock Option Plan 3 No

Raia Drogasil S.A.


Record Date:

Country: Brazil



Ticker: RADL3

Primary CUSIP: P3587W107 Primary ISIN: BRRADLACNOR0 Primary SEDOL: B7FQV64


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2016

Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Income and Interest-on-Capital-Stock Payments

2 No

Mgmt ForForYesFix Number of Directors 3 No

Mgmt ForForYesElect Directors and Alternates 4.1 No

SH Do Not Vote

NoneYesElect Director Appointed by Minority Shareholder

4.2 No

Mgmt ForForYesApprove Remuneration of Company's Management

5 No

Mgmt ForForYesFix Number of Fiscal Council Members and Alternates

6.1 No

Mgmt ForForYesElect Fiscal Council Members and Alternates 6.2 No

Mgmt ForForYesApprove Remuneration of Fiscal Council Members

6.3 No

SH AbstainNoneYesElect Fiscal Council Member Appointed by Minority Shareholder

6.4 No

CEMEX S.A.B. de C.V.



Country: Mexico


Primary Security ID: P2253T133

Ticker: CEMEX CPO


Page 51 of 131



CEMEX S.A.B. de C.V.


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Financial Statements and Statutory Reports

1 No


Mgmt ForForYesAuthorize Increase in Variable Portion of Capital via Capitalization of Reserves and Issuance of Treasury Shares

3 No

Mgmt ForForYesElect Directors, Members and Chairmen of Audit, Corporate Practices and Finance Committees

4 No

Mgmt ForForYesApprove Remuneration of Directors and Members of Audit, Corporate Practices and Finance Committees

5 No


6 No

Credicorp Ltd.



Country: Bermuda


Primary Security ID: G2519Y108

Ticker: BAP

Primary CUSIP: G2519Y108 Primary ISIN: BMG2519Y1084 Primary SEDOL: 2232986


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Present 2016 Annual Report Mgmt No

Mgmt ForForYesApprove Audited Consolidated Financial Statements of Credicorp and its Subsidiaries for FY 2016, Including External Auditors' Report

2 No

Mgmt AbstainForYesElect Dionisio Romero Paoletti as Director 3.1 Yes

Mgmt ForForYesElect Raimundo Morales Dasso as Director 3.2 No

Mgmt ForForYesElect Juan Carlos Verme Giannoni as Director 3.3 No

Mgmt ForForYesElect Benedicto Ciguenas Guevara as Director 3.4 No

Mgmt ForForYesElect Patricia Lizarraga Guthertz as Director 3.5 No

Mgmt ForForYesElect Fernando Fort Marie as Director 3.6 No

Page 52 of 131



Credicorp Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Martin Perez Monteverde as Director 3.7 No

Mgmt ForForYesElect Luis Enrique Romero as Director 3.8 No

Mgmt ForForYesApprove Remuneration of Directors 4 No

Mgmt ForForYesRatify PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration

5 No

Grupo de Inversiones Suramericana SA


Record Date:

Country: Colombia


Primary Security ID: P4950L140

Ticker: GRUPOSURA

Primary CUSIP: N/A Primary ISIN: COT13PA00086 Primary SEDOL: BMSK715


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Verify Quorum Mgmt No

Mgmt ForForYesElect Meeting Approval Committee 2 No

Mgmt ForForYesPresent Board of Directors and Chairman's Report

3 No

Mgmt ForForYesPresent Financial Statements 4 No

Mgmt ForForYesPresent Auditor's Report 5 No

Mgmt ForForYesApprove Board of Directors and Chairman's Report

6 No


Mgmt ForForYesApprove Auditor's Report 8 No

Mgmt ForForYesApprove Update of the Issuance and Placement Regulation of Shares with Preferred Dividends Issued on October 2011

9.1 No

Mgmt ForForYesApprove Allocation of Income and Dividends 9.2 No


Mgmt ForForYesApprove Remuneration of Auditors 11 No

Page 53 of 131



PT Semen Indonesia (Persero) Tbk



Country: Indonesia


Primary Security ID: Y7142G168

Ticker: SMGR

Primary CUSIP: Y7142G168 Primary ISIN: ID1000106800 Primary SEDOL: 6795236


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements and Statutory Reports and Discharge of Directors and Commissioners

Mgmt Yes For For No

Mgmt ForForYesAccept Report of the Partnership and Community Development Program (PCDP) and Discharge of Directors and Commissioners of the PCPD

2 No


Mgmt ForForYesApprove Tantiem and Remuneration of Directors and Commissioners

4 No

Mgmt ForForYesAppoint Auditors of the Company and the PCDP

5 No

Mgmt AbstainForYesAmend Articles of Association 6 Yes

Mgmt AbstainForYesApprove Shares Seri A Dwiwarna for the Government of Indonesia

7 Yes


PT XL Axiata Tbk



Country: Indonesia



Ticker: EXCL

Primary CUSIP: Y7125N107 Primary ISIN: ID1000102502 Primary SEDOL: B0LD0W9


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements and Statutory Reports and Discharge of Directors and Commissioners

Mgmt Yes For For No


Mgmt ForForYesAppoint Auditors and Authorize Board to Fix Their Remuneration

3 No

Mgmt ForForYesApprove Remuneration of Directors and Commissioners

4 No

Page 54 of 131



PT XL Axiata Tbk


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Resignation of Chari TVT as Commissioner and Elect Vivek Sood as Commissioner

5 No

Mgmt ForForYesAccept Report on the Use of Proceeds from Sustainable Sukuk and Rights Issue

6 No

Jeronimo Martins SGPS S.A



Country: Portugal


Primary Security ID: X40338109

Ticker: JMT

Primary CUSIP: X40338109 Primary ISIN: PTJMT0AE0001 Primary SEDOL: B1Y1SQ7


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Individual Financial Statements and Statutory Reports

Mgmt Yes For For No


Mgmt ForForYesApprove Consolidated Financial Statements and Statutory Reports

3 No

Mgmt ForForYesApprove Discharge of Management and Supervisory Boards

4 No

Mgmt ForForYesApprove Statement on Remuneration Policy 5 No

Mgmt ForForYesAppoint Ernst & Young as External Auditor 6.A No

Mgmt Do Not Vote

AgainstYesAppoint KPMG as External Auditor 6.B No

Malayan Banking Berhad



Country: Malaysia



Ticker: MAYBANK

Primary CUSIP: Y54671105 Primary ISIN: MYL1155OO000 Primary SEDOL: 6556325


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Page 55 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Abdul Farid bin Alias as Director 3 No

Mgmt ForForYesElect R. Karunakaran as Director 4 No

Mgmt ForForYesElect Cheng Kee Check as Director 5 No

Mgmt ForForYesElect Hizam bin Hashim as Director 6 No

Mgmt ForForYesElect Hasnita binti Dato' Hashim as Director 7 No

Mgmt ForForYesElect Anthony Brent Elam as Director 8 No

Mgmt ForForYesElect Jamiah binti Abdul Hamid as Director 9 No


Mgmt ForForYesApprove Benefits Payable to Non-Executive Directors

11 No

Mgmt ForForYesApprove Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration

12 No


13 No

Mgmt ForForYesApprove Issuance of New Ordinary Shares Under the Dividend Reinvestment Plan

14 No




Country: Malaysia



Ticker: MAYBANK

Primary CUSIP: Y54671105 Primary ISIN: MYL1155OO000 Primary SEDOL: 6556325


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Employees' Share Grant Plan Mgmt Yes For Against Yes

Mgmt AgainstForYesApprove Grant of Shares to Abdul Farid Alias Under the Proposed ESGP

2 Yes

Bangkok Bank Public Co. Ltd



Country: Thailand



Ticker: BBL

Primary CUSIP: Y0606R101 Primary ISIN: TH0001010006 Primary SEDOL: 6077008

Page 56 of 131



Bangkok Bank Public Co. Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoAcknowledge Operating Results 2

Mgmt NoAcknowledge Audit Committee Report 3


Mgmt ForForYesApprove Allocation of Income and Dividend Payment

5 No

Mgmt ForForYesElect Prachet Siridej as Director 6.1 No

Mgmt ForForYesElect Singh Tangtatswas as Director 6.2 No

Mgmt ForForYesElect Charn Sophonpanich as Director 6.3 No

Mgmt ForForYesElect Arun Chirachavala as Director 6.4 No

Mgmt ForForYesElect Chartsiri Sophonpanich as Director 6.5 No

Mgmt ForForYesElect Thaweelap Rittapirom as Director 6.6 No

Mgmt ForForYesElect Charamporn Jotikasthira as Director 7.1 No

Mgmt ForForYesElect Chokechai Niljianskul as Director 7.2 No

Mgmt NoAcknowledge Remuneration of Directors 8

Mgmt ForForYesApprove Deloitte Touche Tohmatsu Jaiyos Audit Co., Ltd. as Auditors and Authorize Board to Fix Their Remuneration

9 No


Bangkok Dusit Medical Services PCL



Country: Thailand



Ticker: BDMS

Primary CUSIP: Y06071248 Primary ISIN: TH0264A10Z04 Primary SEDOL: BLZGSL6


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoAcknowledge Company's Performance 2


Page 57 of 131



Bangkok Dusit Medical Services PCL


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Allocation of Income and Dividend Payment

4 No

Mgmt ForForYesElect Prasert Prasarttong-Osoth as Director 5.1 No

Mgmt ForForYesElect Chatree Duangnet as Director 5.2 No

Mgmt ForForYesElect Pradit Theekakul as Director 5.3 No

Mgmt ForForYesElect Sripop Sarasas as Director 5.4 No

Mgmt ForForYesElect Weerawong Chittmittrapap as Director 5.5 No


Mgmt ForForYesApprove EY Office Limited as Auditors and Authorize Board to Fix Their Remuneration

7 No

Mgmt ForForYesAuthorize Issuance of Debentures 8 No

Mgmt ForForYesReduce Registered Capital and Amend Memorandum of Association to Reflect Decrease in Registered Capital

9 No

Mgmt ForForYesApprove Increase in Registered Capital and Amend Memorandum of Association to Reflect Increase in Registered Capital

10 No

Mgmt ForForYesApprove Allocation of Newly Issued Shares under the General Mandate

11 No


OTP Bank PLC



Country: Hungary



Ticker: OTP

Primary CUSIP: X60746181 Primary ISIN: HU0000061726 Primary SEDOL: 7320154


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements, Statutory Reports, and Allocation of Income

Mgmt Yes For For No

Mgmt ForForYesApprove Company's Corporate Governance Statement

2 No


Mgmt ForForYesApprove Auditors and Authorize Board to Fix Their Remuneration

4 No

Mgmt ForForYesAmend Art. 11/A.2 of Bylaws 5 No

Page 58 of 131



OTP Bank PLC


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect a Management Board Member 6 No

Mgmt ForForYesElect Tibor Tolnay as Supervisory Board Member

7.1 No

Mgmt ForForYesElect Gabor Horvath as Supervisory Board Member

7.2 No

Mgmt ForForYesElect Andras Michnai as Supervisory Board Member

7.3 No

Mgmt ForForYesElect Agnes Rudas as Supervisory Board Member

7.4 No

Mgmt ForForYesElect Dominique Uzel as Supervisory Board Member

7.5 No

Mgmt ForForYesElect Marton Gellert Vagi as Supervisory Board Member

7.6 No

Mgmt ForForYesElect Gabor Horvath as Audit Committee Member

8.1 No

Mgmt ForForYesElect Tibor Tolnay as Audit Committee Member

8.2 No

Mgmt ForForYesElect Dominique Uzel as Audit Committee Member

8.3 No

Mgmt ForForYesElect Marton Gellert Vagi as Audit Committee Member

8.4 No


Mgmt ForForYesApprove Remuneration of Management Board, Supervisory Board, and Audit Committee Members

10 No


Sino Thai Engineering & Construction Public Company Limited



Country: Thailand



Ticker: STEC

Primary CUSIP: Y8048P195 Primary ISIN: TH0307010Z09 Primary SEDOL: 6541406


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoAcknowledge Board of Directors' Operating Results Report

2


Page 59 of 131



Sino Thai Engineering & Construction Public Company Limited


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt AgainstForYesElect Vallop Rungkijvorasathien as Director 5.1 Yes

Mgmt ForForYesElect Pakpoom Srichami as Director 5.2 No

Mgmt ForForYesElect Thanathip Vidhayasirinun as Director 5.3 No

Mgmt ForForYesElect Masthawin Charnvirakul as Director 5.4 No

Mgmt ForForYesApprove Remuneration of Directors and Committee Members

6 No

Mgmt ForForYesApprove EY Office Limited as Auditors and Authorize Board to Fix Their Remuneration

7 No


Ayala Land, Inc.






Ticker: ALI



Votable Proposal

Vote Instruction

Vote Against Mgmt




Mgmt ForForYesElect Fernando Zobel de Ayala as Director 3.1 No

Mgmt ForForYesElect Jaime Augusto Zobel de Ayala as Director

3.2 No

Mgmt ForForYesElect Bernard Vincent O. Dy as Director 3.3 No

Mgmt ForForYesElect Antonino T. Aquino as Director 3.4 No

Mgmt ForForYesElect Arturo G. Corpuz as Director 3.5 No

Mgmt ForForYesElect Delfin L. Lazaro as Director 3.6 No

Mgmt ForForYesElect Ma. Angela E. Ignacio as Director 3.7 No

Mgmt ForForYesElect Jaime C. Laya as Director 3.8 No

Mgmt ForForYesElect Rizalina G. Mantaring as Director 3.9 No

Page 60 of 131



Ayala Land, Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect SyCip Gorres Velayo & Co. as Independent Auditor and Approve the Fixing of its Remuneration

4 No

Mgmt AgainstForYesApprove Other Matters 5 Yes

Bank Polska Kasa Opieki S.A.



Country: Poland


Primary Security ID: X0R77T117

Ticker: PEO

Primary CUSIP: X0641X106 Primary ISIN: PLPEKAO00016 Primary SEDOL: 5473113


Votable Proposal

Vote Instruction

Vote Against Mgmt






Mgmt NoReceive Management Board Report on Company's Operations

6

Mgmt NoReceive Financial Statements 7

Mgmt NoReceive Management Board Report on Group's Operations

8

Mgmt NoReceive Consolidated Financial Statements 9

Mgmt NoReceive Management Board Proposal of Allocation of Income

10

Mgmt NoReceive Supervisory Board Report 11

Mgmt ForForYesApprove Management Board Report on Company's Operations

12.1 No

Mgmt ForForYesApprove Financial Statements 12.2 No

Mgmt ForForYesApprove Management Board Report on Group's Operations

12.3 No

Mgmt ForForYesApprove Consolidated Financial Statements 12.4 No

Mgmt ForForYesApprove Allocation of Income and Dividends of PLN 8.68 per Share

12.5 No

Mgmt ForForYesApprove Supervisory Board Report 12.6 No

Page 61 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Jerzy Woznicki (Supervisory Board Chairman)

12.7a No

Mgmt ForForYesApprove Discharge of Leszek Pawlowicz (Supervisory Board Deputy Chairman)

12.7b No

Mgmt ForForYesApprove Discharge of Dariusz Filar (Supervisory Board Member)

12.7c No

Mgmt ForForYesApprove Discharge of Katarzyna Majchrzak (Supervisory Board Member)

12.7d No

Mgmt ForForYesApprove Discharge of Laura Penna (Supervisory Board Member)

12.7e No

Mgmt ForForYesApprove Discharge of Wioletta Rosolowska (Supervisory Board Member)

12.7f No

Mgmt ForForYesApprove Discharge of Doris Tomanek (Supervisory Board Member)

12.7g No

Mgmt ForForYesApprove Discharge of Roberto Nicastro (Supervisory Board Deputy Chairman)

12.7h No

Mgmt ForForYesApprove Discharge of Alessandro Decio (Supervisory Board Member)

12.7i No

Mgmt ForForYesApprove Discharge of Massimiliano Fossati (Supervisory Board Member)

12.7j No

Mgmt ForForYesApprove Discharge of Gianni Papa (Supervisory Board Member)

12.7k No

Mgmt ForForYesApprove Discharge of Luigi Lovaglio (CEO) 12.8a No

Mgmt ForForYesApprove Discharge of Diego Biondo (Deputy CEO)

12.8b No

Mgmt ForForYesApprove Discharge of Andrzej Kopyrski (Deputy CEO)

12.8c No

Mgmt ForForYesApprove Discharge of Adam Niewinski (Deputy CEO)

12.8d No

Mgmt ForForYesApprove Discharge of Grzegorz Piwowar (Deputy CEO)

12.8e No

Mgmt ForForYesApprove Discharge of Stefano Santini (Deputy CEO)

12.8f No

Mgmt ForForYesApprove Discharge of Marian Wazynski (Deputy CEO)

12.8g No

Mgmt ForForYesApprove Shareholders' Consent with Corporate Governance Principles for SupervisedInstitutions adopted by Polish Financial Supervision Authority

13 No

Mgmt NoReceive Supervisory Board Report on Company's Compliance with Corporate Governance Principles for Supervised Institutions adopted by Polish Financial Supervision Authority

14

Mgmt ForForYesAmend Statute 15 No

Page 62 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Consolidated Text of Statute 16 No


Itau Unibanco Holding SA


Record Date:

Country: Brazil


Primary Security ID: P5968U113

Ticker: ITUB4

Primary CUSIP: P5968U113 Primary ISIN: BRITUBACNPR1 Primary SEDOL: B037HR3


Votable Proposal

Vote Instruction

Vote Against Mgmt


SH AbstainNoneYesElect Director Appointed by Preferred Shareholder

1 No

SH ForNoneYesElect Carlos Roberto de Albuquerque Sa as Fiscal Council Member Appointed by Preferred Shareholder

2.1 No

SH ForNoneYesElect Eduardo Azevedo do Valle as Alternate Fiscal Council Member Appointed by Preferred Shareholder

2.2 No

Lojas Renner


Record Date:

Country: Brazil



Ticker: LREN3

Primary CUSIP: P6332C102 Primary ISIN: BRLRENACNOR1 Primary SEDOL: B0CGYD6


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Income and Dividends 2 No



Mgmt ForForYesApprove Remuneration of Company's Management

5 No

Page 63 of 131



Lojas Renner


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesFix Number of Fiscal Council Members 6 No

Mgmt ForForYesElect Fiscal Council Members 7 No


8 No

BDO Unibank Inc.






Ticker: BDO

Primary CUSIP: Y0560W104 Primary ISIN: PHY077751022 Primary SEDOL: B5VJH76


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Call to Order Mgmt Yes For For No

Mgmt ForForYesProof of Notice and Determination of Quorum 2 No

Mgmt ForForYesApprove Minutes of the Annual Shareholders' Meeting Held on April 22, 2016

3 No

Mgmt ForForYesApprove Report of the President and Audited Financial Statements as of Dec. 31, 2016

4 No

Mgmt ForForYesOpen Forum 5 No

Mgmt ForForYesApprove and Ratify All Acts of the Board of Directors, Board Committees, and Management During Their Term of Office

6 No


Mgmt ForForYesElect Teresita T. Sy as Director 7.1 No

Mgmt ForForYesElect Jesus A. Jacinto, Jr. as Director 7.2 No

Mgmt ForForYesElect Nestor V. Tan as Director 7.3 No

Mgmt ForForYesElect Christopher A. Bell-Knight as Director 7.4 No

Mgmt ForForYesElect Antonio C. Pacis as Director 7.5 No

Mgmt ForForYesElect Josefina N. Tan as Director 7.6 No

Mgmt ForForYesElect Jose F. Buenaventura as Director 7.7 No

Mgmt ForForYesElect Jones M. Castro, Jr. as Director 7.8 No

Mgmt ForForYesElect Dioscoro I. Ramos as Director 7.9 No

Mgmt ForForYesElect Jimmy T. Tang as Director 7.10 No

Page 64 of 131



BDO Unibank Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Gilberto C. Teodoro, Jr. as Director 7.11 No

Mgmt ForForYesAppoint External Auditor 8 No

Mgmt ForForYesAmend Seventh Article of the Articles of Incorporation to Reflect the Conversion of Unissued Preferred Shares to Common Shares

9 No


Mgmt ForForYesAdjournment 11 No

PT Astra International Tbk



Country: Indonesia



Ticker: ASII

Primary CUSIP: Y7117N149 Primary ISIN: ID1000122807 Primary SEDOL: B800MQ5


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Directors and Commissioners and Approve Their Remuneration

3 No


Ayala Corporation





Primary Security ID: Y0486V115

Ticker: AC

Primary CUSIP: Y0486V115 Primary ISIN: PHY0486V1154 Primary SEDOL: B09JBT3


Votable Proposal

Vote Instruction

Vote Against Mgmt




Page 65 of 131



Ayala Corporation


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Jaime Augusto Zobel de Ayala as Director

3.1 No

Mgmt ForForYesElect Fernando Zobel de Ayala as Director 3.2 No

Mgmt ForForYesElect Delfin L. Lazaro as Director 3.3 No

Mgmt ForForYesElect Keiichi Matsunaga as Director 3.4 No

Mgmt ForForYesElect Ramon R. del Rosario, Jr. as Director 3.5 No

Mgmt ForForYesElect Xavier P. Loinaz as Director 3.6 No

Mgmt ForForYesElect Antonio Jose U. Periquet as Director 3.7 No

Mgmt ForForYesElect SyCip Gorres Velayo & Co. as Independent Auditor and Fix Its Remuneration

4 No


PT Link Net Tbk



Country: Indonesia



Ticker: LINK

Primary CUSIP: N/A Primary ISIN: ID1000131808 Primary SEDOL: BMS8CQ9


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements, Statutory Reports, and Discharge of Directors and Commissioners

Mgmt Yes For For No



3 No

Mgmt AbstainForYesElect Directors and Commissioners and Approve Their Remuneration

4 Yes

PT Telekomunikasi Indonesia Tbk



Country: Indonesia



Ticker: TLKM

Primary CUSIP: Y71474137 Primary ISIN: ID1000129000 Primary SEDOL: BD4T6W7

Page 66 of 131



PT Telekomunikasi Indonesia Tbk


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Accept Annual Report and Commissioners' Report

Mgmt Yes For For No

Mgmt ForForYesAccept Financial Statements and Annual Report of the Partnership and Community Development Program (PCDP) and Discharge of Directors and Commissioners

2 No


Mgmt ForForYesApprove Remuneration and Tantiem of Directors and Commissioners

4 No

Mgmt ForForYesAppoint Auditors of the Company and the Partnership and Community Development Program (PCDP)

5 No


6 No



Central Pattana PCL



Country: Thailand


Primary Security ID: Y1242U268

Ticker: CPN

Primary CUSIP: Y1242U201 Primary ISIN: TH0481B10Z00 Primary SEDOL: B6SR7L4


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Minutes of Previous Meeting Mgmt No

Mgmt NoAcknowledge Company's Performance 2



Mgmt ForForYesElect Suthichai Chirathivat as Director 5.1 No

Mgmt ForForYesElect Paitoon Taveebhol as Director 5.2 No

Mgmt ForForYesElect Sudhitham Chirathivat as Director 5.3 No

Page 67 of 131



Central Pattana PCL


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Prin Chirathivat as Director 5.4 No


Mgmt ForForYesApprove KPMG Poomchai Audit Limited as Auditors and Authorize Board to Fix Their Remuneration

7 No


Grupo Financiero Galicia S.A.



Country: Argentina

Meeting Type: Annual/Special


Ticker: GGAL

Primary CUSIP: 399909100 Primary ISIN: ARP495251018 Primary SEDOL: 2613310


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesDesignate Two Shareholders to Sign Minutes of Meeting

1 No

Mgmt ForForYesPresent Business Affairs of Subsidiary Banco de Galicia y Buenos Aires SA; Determine Grupo Financiero Galicia's Position Regarding Banco Galicia's Next AGM

2 No

Mgmt ForForYesConsider Financial Statements and Statutory Reports

3 No

Mgmt ForForYesApprove Allocation of Income, Increase to Discretionary Reserve and Dividends

4 No

Mgmt ForForYesApprove Discharge of Directors and Internal Statutory Auditors Committee (Comision Fiscalizadora)

5 No

Mgmt ForForYesApprove Remuneration of Internal Statutory Auditors Committee (Comision Fiscalizadora)

6 No


Mgmt ForForYesApprove Advance Remuneration of Directors up to the Amount Determined by AGM

8 No

Mgmt ForForYesElect Three Members of Internal Statutory Auditors Committee (Comision Fiscalizadora) and Their Respective Alternates for a One-Year Term

9 No

Mgmt ForForYesFix Number of Directors and Alternates 10.a No

Mgmt ForForYesElect Directors and Their Alternates 10.b No

Page 68 of 131



Grupo Financiero Galicia S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Remuneration of Auditors 11 No

Mgmt ForForYesElect Principal and Alternate Auditors 12 No

Mgmt ForForYesDelegate Powers to Board to Set Terms and Conditions of Global Program for Issuance of Negotiable Non-Convertible Obligations

13 No

Komercni Banka A.S.



Country: Czech Republic



Ticker: KOMB

Primary CUSIP: X45471111 Primary ISIN: CZ0008019106 Primary SEDOL: 4519449


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Management Board Report on Company's Operations and State of Its Assets

Mgmt Yes For For No

Mgmt NoReceive Report on Act Providing for Business Undertaking in Capital Market

2

Mgmt NoReceive Management Board Report on Related Entities

3

Mgmt NoReceive Financial Statements, Consolidated Financial Statements, and Management Board Proposal on Allocation of Income

4

Mgmt NoReceive Supervisory Board Report on Financial Statements, Management Board Proposal on Allocation of Income, Consolidated Financial Statements, Board's Work, and Company's Standing

5

Mgmt NoReceive Audit Committee Report 6

Mgmt ForForYesApprove Consolidated Financial Statements 7 No

Mgmt ForForYesApprove Standalone Financial Statements 8 No

Mgmt ForForYesApprove Allocation of Income and Dividends of CZK 40 per Share

9 No

Mgmt ForForYesElect Laurent Goutard as Supervisory Board Member

10.1 No

Mgmt ForForYesElect Petr Laube as Supervisory Board Member

10.2 No

Mgmt ForForYesElect Jean-Luc Parer as Supervisory Board Member

10.3 No

Page 69 of 131



Komercni Banka A.S.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Giovanni Soma as Supervisory Board Member

10.4 No

Mgmt ForForYesElect Petr Dvorak as Supervisory Board Member

10.5 No

Mgmt ForForYesElect Pavel Jelinek as Supervisory Board Member

10.6 No

Mgmt ForForYesElect Miroslava Smidova as Supervisory Board Member

10.7 No

Mgmt ForForYesElect Giovanni Soma as Member of Audit Committee

11.1 No

Mgmt ForForYesElect Petr Laube as Member of Audit Committee

11.2 No

Mgmt ForForYesApprove Agreements with Audit Committee Board Members

12 No

Mgmt ForForYesApprove Share Repurchase Program 13 No

Mgmt ForForYesRatify Deloitte Audit s.r.o. as Auditor 14 No




Country: Mexico



Ticker: MEXCHEM *

Primary CUSIP: P57908132 Primary ISIN: MX01ME050007 Primary SEDOL: 2434760


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Accept CEO's Report and Board's Report on Operations and Results

Mgmt Yes For For No

Mgmt ForForYesAccept Individual and Consolidated Financial Statements

1.2 No

Mgmt ForForYesAccept Report on Compliance of Fiscal Obligations

1.3 No

Mgmt ForForYesPresent Audit and Corporate Practices Committee's Report

2 No

Mgmt ForForYesApprove Net Consolidated Profit after Minority Interest in the Amount of USD 238.4 Million

3.1 No

Mgmt ForForYesApprove Treatment of Individual Net Loss in the Amount of MXN 672.72 Million (USD 238.4 Million)

3.2 No

Page 70 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Allocation of Individual and or Consolidated Profits and or Losses Referred to in Items 3.1 and 3.2 to the Accumulated Results Account

3.3 No

Mgmt ForForYesRatify Antonio Del Valle Ruiz as Honorary and Lifetime Board Chairman

4.1 No

Mgmt ForForYesRatify Juan Pablo Del Valle Perochena as Board Member

4.2a No

Mgmt ForForYesRatify Adolfo Del Valle Ruiz as Board Member 4.2b No

Mgmt ForForYesRatify Ignacio Del Valle Ruiz as Board Member

4.2c No

Mgmt ForForYesRatify Antonio Del Valle Perochena as Board Member

4.2d No

Mgmt ForForYesRatify Maria Guadalupe Del Valle Perochena as Board Member

4.2e No

Mgmt ForForYesRatify Jaime Ruiz Sacristan as Board Member 4.2f No

Mgmt AgainstForYesRatify Fernando Ruiz Sahagun as Board Member

4.2g Yes

Mgmt ForForYesRatify Eugenio Santiago Clariond Reyes Retana as Board Member

4.2h No

Mgmt ForForYesRatify Eduardo Tricio Haro as Board Member 4.2i No

Mgmt ForForYesRatify Guillermo Ortiz Martinez as Board Member

4.2j No

Mgmt ForForYesRatify Divo Milan Haddad as Board Member 4.2k No

Mgmt ForForYesRatify Fernando Ruiz Sahagun as Chairman of Audit Committee

4.3a No

Mgmt ForForYesRatify Eugenio Santiago Clariond Reyes Retana as Chairman of Corporate Practices Committee

4.3b No

Mgmt ForForYesRatify Juan Pablo Del Valle Perochena as Chairman of Board of Directors

4.4a No

Mgmt ForForYesRatify Juan Pablo Del Rios Benitez as Secretary (without being a member) of Board

4.4b No

Mgmt ForForYesApprove Remuneration of Chairman of Board, Audit Committee and Corporate Practices Committee; Approve Remuneration of Members of Board and Members of Audit Committee and Corporate Practices Committee

5 No

Mgmt ForForYesApprove Cancellation of Balance of Amount Approved to be Used for Acquisition of Company's Shares

6.1 No

Mgmt ForForYesSet Aggregate Nominal Amount of Share Repurchase Reserve at USD 385 Million

6.2 No

Page 71 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAccept Report on Adoption or Modification of Policies in Share Repurchases of Company

7 No


8 No

S.A.C.I. Falabella



Country: Chile


Primary Security ID: P3880F108

Ticker: FALABELLA

Primary CUSIP: P3880F108 Primary ISIN: CLP3880F1085 Primary SEDOL: 2771672


Votable Proposal

Vote Instruction

Vote Against Mgmt

a Approve Annual Report, Balance Sheet, Consolidated Financial Statements and Reports from Auditors

Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Income b No

Mgmt ForForYesApprove Dividend Policy c No

Mgmt AbstainForYesElect Directors d Yes

Mgmt ForForYesApprove Remuneration of Directors e No

Mgmt ForForYesAppoint Auditors f No

Mgmt ForForYesDesignate Risk Assessment Companies g No

Mgmt ForForYesDesignate Newspaper to Publish Announcements

h No

Mgmt ForForYesReceive Report Regarding Related-Party Transactions

i No

Mgmt ForForYesApprove Remuneration and Budget of Directors' Committee and Receive Their Report

j No

BRF SA


Record Date:

Country: Brazil



Ticker: BRFS3

Primary CUSIP: P1905C100 Primary ISIN: BRBRFSACNOR8 Primary SEDOL: 2036995

Page 72 of 131



BRF SA


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesRatify Interest-on-Capital-Stock Payment 2 No



Mgmt ForForYesElect Board Chairman and Vice-Chairman 5 No

Mgmt AgainstForYesApprove Remuneration of Company's Management

6 Yes

Mgmt ForForYesElect Fiscal Council Members 7 No


8 No

BRF SA


Record Date:

Country: Brazil



Ticker: BRFS3

Primary CUSIP: P1905C100 Primary ISIN: BRBRFSACNOR8 Primary SEDOL: 2036995


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Amend Restricted Stock Plan Mgmt Yes For For No

Kosmos Comercio de Vestuario S/A


Record Date:

Country: Brazil


Primary Security ID: P6327T102

Ticker: N/A

Primary CUSIP: N/A Primary ISIN: BRLOARACNPR4 Primary SEDOL: 2534682


Votable Proposal

Vote Instruction

Vote Against Mgmt


Page 73 of 131



Kosmos Comercio de Vestuario S/A


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAccept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2016

1 No


Mgmt AbstainForYesApprove Remuneration of Company's Management

3 Yes

Metropolitan Bank & Trust Company





Primary Security ID: Y6028G136

Ticker: MBT

Primary CUSIP: Y6028G136 Primary ISIN: PHY6028G1361 Primary SEDOL: 6514442


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Minutes of the Annual Meeting Held on April 27, 2016

Mgmt Yes For For No

Mgmt ForForYesRatify All Acts and Resolutions of the Board of Directors, Management and All Committees from April 27, 2016 to April 25, 2017

2 No


Mgmt ForForYesElect George S.K. Ty as Director 3.1 No

Mgmt ForForYesElect Arthur Ty as Director 3.2 No

Mgmt ForForYesElect Francisco C. Sebastian as Director 3.3 No

Mgmt ForForYesElect Fabian S. Dee as Director 3.4 No

Mgmt ForForYesElect Jesli A. Lapus as Director 3.5 No

Mgmt ForForYesElect Alfred V. Ty as Director 3.6 No

Mgmt ForForYesElect Robin A. King as Director 3.7 No

Mgmt ForForYesElect Rex C. Drilon II as Director 3.8 No

Mgmt ForForYesElect Edmund A. Go as Director 3.9 No

Mgmt ForForYesElect Francisco F. Del Rosario, Jr. as Director 3.10 No

Mgmt ForForYesElect Vicente R. Cuna, Jr. as Director 3.11 No

Mgmt ForForYesElect Edgar O. Chua as Director 3.12 No

Mgmt AgainstForYesAppoint Sycip Gorres Velayo & Co. as External Auditors

5 Yes

Page 74 of 131



SM Investments Corporation






Ticker: SM

Primary CUSIP: Y80676102 Primary ISIN: PHY806761029 Primary SEDOL: B068DB9


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve the Minutes of Stockholders' Annual Meeting Held on April 27, 2016

Mgmt Yes For For No

Mgmt ForForYesApprove the Annual Report 2 No

Mgmt ForForYesRatify All Acts and Resolutions of the Board of Directors and Executive Officers

3 No


Mgmt ForForYesElect Teresita T. Sy as Director 4.1 No

Mgmt ForForYesElect Henry T. Sy, Jr. as Director 4.2 No

Mgmt ForForYesElect Harley T. Sy as Director 4.3 No

Mgmt ForForYesElect Jose T. Sio as Director 4.4 No

Mgmt ForForYesElect Joseph R. Higdon as Director 4.5 No

Mgmt ForForYesElect Tomasa H. Lipana as Director 4.6 No

Mgmt ForForYesElect Alfredo E. Pascual as Director 4.7 No

Mgmt ForForYesElect Frederic C. DyBuncio as Director 4.8 No

Mgmt ForForYesElect SyCip Gorres Velayo & Co. as External Auditor

5 No

Mgmt ForForYesApprove Other Matters 6 No

Alsea S.A.B. de C.V.



Country: Mexico


Primary Security ID: P0212A104

Ticker: ALSEA *

Primary CUSIP: P0212A104 Primary ISIN: MXP001391012 Primary SEDOL: 2563017


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements and Statutory Reports

Mgmt Yes For For No

Mgmt ForForYesApprove Annual Report on Operations Carried by Key Board Committees

2 No

Page 75 of 131



Alsea S.A.B. de C.V.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect or Ratify Directors, Key Management and Members of Board Committees

3 No

Mgmt ForForYesApprove Remuneration of Directors, Key Management and Members of Board Committees

4 No

Mgmt ForForYesSet Maximum Amount of Share Repurchase Reserve; Present Report on Share Repurchase

5 No



7 No



Record Date:

Country: Brazil



Ticker: PETR4



Votable Proposal

Vote Instruction

Vote Against Mgmt



Mgmt Do Not Vote

ForYesElect Fiscal Council Members 2 No

SH ForNoneYesElect Fiscal Council Member Appointed by Minority Shareholder

2.1 No

Mgmt ForForYesApprove Remuneration of Company's Management and Fiscal Council Members

3 No



Record Date:

Country: Brazil



Ticker: PETR4



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Amend Articles Mgmt Yes For For No

Page 76 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesAmend Policy of Appointment of Members of the Fiscal Council, Board of Directors and Executive Directors of Petrobras

3 No



Record Date:

Country: Brazil



Ticker: PETR4



Votable Proposal

Vote Instruction

Vote Against Mgmt


SH ForNoneYesElect Walter Luis Bernardes Albertoni as Fiscal Council Member and Jose Pais Rangel as Alternate Appointed by Preferred Shareholder

1.1 No

SH AbstainNoneYesElect Sonia Julia Sulzbeck Villalobos as Fiscal Council Member and Roberto Lamb as Alternate Appointed by Preferred Shareholder

1.2 No

PT Unilever Indonesia Tbk



Country: Indonesia


Primary Security ID: Y9064H141

Ticker: UNVR

Primary CUSIP: Y9064H141 Primary ISIN: ID1000095706 Primary SEDOL: 6687184


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Elect Jochanan Senf as Director Mgmt Yes For For No

Banco Macro S.A.



Country: Argentina


Primary Security ID: P1047V123

Ticker: BMA

Primary CUSIP: P1047V123 Primary ISIN: ARBANS010010 Primary SEDOL: 2080505

Page 77 of 131



Banco Macro S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoOrdinary and Extraordinary Meeting Agenda - Items 4, 5, 16, 17 and 18 are Extraordinary

Mgmt ForForYesDesignate Two Shareholders to Sign Minutes of Meeting

1 No

Mgmt ForForYesConsider Financial Statements and Statutory Reports

2 No

Mgmt ForForYesConsider Discharge of Directors and Members of Internal Statutory Auditors Committee (Comision Fiscalizadora)

3 No

Mgmt ForForYesApprove Allocation of Non-Assigned Results in the Amount of ARS 6.73 Billion

4 No

Mgmt ForForYesApprove Dividends Charged to Special Reserve Account in the Amount of ARS 701.48 Million

5 No

Mgmt ForForYesConsider Remuneration of Directors 6 No

Mgmt ForForYesConsider Remuneration of Members of Internal Statutory Auditors Committee (Comision Fiscalizadora)

7 No

Mgmt ForForYesConsider Remuneration of Auditors 8 No

Mgmt ForForYesElect Marcos Brito as Director for a Three-Year Term

9.1 No

Mgmt ForForYesElect Delfin Federico Ezequiel Carballo as Director for a Three-Year Term

9.2 No

Mgmt ForForYesElect Alejandro Eduardo Fargosi as Director for a Three-Year Term

9.3 No

Mgmt ForForYesElect Juan Martin Monge Varela as Director to Replace Luis Maria Blaquier up to End of Present Fiscal Year

9.4 No

Mgmt ForForYesElect Members of Internal Statutory Auditors Committee (Comision Fiscalizadora) and Alternates for a One-Year Term

10 No


Mgmt ForForYesApprove Budget of Audit Committee 12 No

Mgmt ForForYesConsider Extending Maximum Amount of Global Program to USD 1.50 Billion; Approve Granting of Powers

13 No

Mgmt ForForYesAuthorize to Carry out Formalities and Presentations to Manage Administrative Compliance and Registration of Adopted Resolutions

14 No

Page 78 of 131



Banco Macro S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAuthorize Increase in Capital via Issuance of 74 Million Class B Shares without Preemptive Rights

15 No

Mgmt ForForYesReduce Period of Exercising Preemptive Rights to 10 Days

16 No

Mgmt ForForYesAuthorize Public Offering in Argentina and Overseas; Approve Listing of Shares on Buenos Aires Stock Exchange, NYSE and or Other Exchanges

17 No

Mgmt ForForYesDelegate in Board Powers to Implement Capital Increase and Issuance Conditions; Approve Additional Increase by up 15 Percent of Authorized Shares; Extend ADR Program; Carry out Resolutions Adopted by General Meeting on Items 15, 16 and 17 of this Agenda

18 No

Mgmt ForForYesElect One Alternate Director for a Two-Year Term

19 No




Country: Mexico



Ticker: GFNORTE O



Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Approve CEO's Report on Financial Statements and Statutory Reports

Mgmt Yes For For No

Mgmt ForForYesApprove Board's Report on Policies and Accounting Information and Criteria Followed in Preparation of Financial Information

1.2 No

Mgmt ForForYesApprove Board's Report on Operations and Activities Undertaken by Board

1.3 No

Mgmt ForForYesApprove Report on Activities of Audit and Corporate Practices Committee

1.4 No

Mgmt ForForYesApprove All Operations Carried out by Company and Ratify Actions Carried out by Board, CEO and Audit and Corporate Practices Committee

1.5 No


Mgmt ForForYesElect Carlos Hank González as Board Chairman

3.a1 No

Page 79 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Juan Antonio González Moreno as Director

3.a2 No

Mgmt ForForYesElect David Juan Villarreal Montemayor as Director

3.a3 No

Mgmt ForForYesElect José Marcos Ramirez Miguel as Director 3.a4 No

Mgmt ForForYesElect Everardo Elizondo Almaguer as Director 3.a5 No

Mgmt ForForYesElect Carmen Patricia Armendáriz Guerra as Director

3.a6 No

Mgmt ForForYesElect Héctor Federico Reyes-Retana y Dahl as Director

3.a7 No

Mgmt ForForYesElect Eduardo Livas Cantú as Director 3.a8 No

Mgmt ForForYesElect Alfredo Elias Ayub as Director 3.a9 No

Mgmt ForForYesElect Adrian Sada Cueva as Director 3.a10 No

Mgmt ForForYesElect Alejandro Burillo Azcárraga as Director 3.a11 No

Mgmt ForForYesElect José Antonio Chedraui Eguia as Director 3.a12 No

Mgmt ForForYesElect Alfonso de Angoitia Noriega as Director 3.a13 No

Mgmt ForForYesElect Olga Maria del Carmen Sánchez Cordero Dávila as Director

3.a14 No

Mgmt ForForYesElect Thomas Stanley Heather Rodriguez as Director

3.a15 No

Mgmt ForForYesElect Graciela González Moreno as Alternate Director

3.a16 No

Mgmt ForForYesElect Juan Antonio González Marcos as Alternate Director

3.a17 No

Mgmt ForForYesElect Carlos de la Isla Corry as Alternate Director

3.a18 No

Mgmt ForForYesElect Clemente Ismael Reyes Retana Valdés as Alternate Director

3.a19 No

Mgmt ForForYesElect Alberto Halabe Hamui as Alternate Director

3.a20 No

Mgmt ForForYesElect Manuel Aznar Nicolin as Alternate Director

3.a21 No

Mgmt ForForYesElect Roberto Kelleher Vales as Alternate Director

3.a22 No

Mgmt ForForYesElect Robert William Chandler Edwards as Alternate Director

3.a23 No

Mgmt ForForYesElect Isaac Becker Kabacnik as Alternate Director

3.a24 No

Mgmt ForForYesElect José Maria Garza Treviño as Alternate Director

3.a25 No

Page 80 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Javier Braun Burillo as Alternate Director 3.a26 No

Mgmt ForForYesElect Rafael Contreras Grosskelwing as Alternate Director

3.a27 No

Mgmt ForForYesElect Guadalupe Phillips Margain as Alternate Director

3.a28 No

Mgmt ForForYesElect Eduardo Alejandro Francisco Garcia Villegas as Alternate Director

3.a29 No

Mgmt ForForYesElect Ricardo Maldonado Yañez as Alternate Director

3.a30 No

Mgmt ForForYesElect Héctor Avila Flores as Board Secretary Who Will Not Be Part of Board

3.b No

Mgmt ForForYesApprove Directors Liability and Indemnification

3.c No


Mgmt ForForYesElect Héctor Federico Reyes-Retana y Dahl as Chairman of Audit and Corporate Practices Committee

5 No

Mgmt ForForYesApprove Report on Share Repurchase; Set Aggregate Nominal Amount of Share Repurchase Reserve

6 No



8 No

PTT PCL



Country: Thailand


Primary Security ID: Y6883U105

Ticker: PTT

Primary CUSIP: Y6883U105 Primary ISIN: TH0646010007 Primary SEDOL: 6420389


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Profit and Dividend Payment

2 No

Mgmt ForForYesElect Kittipong Kittayarak as Director 3.1 No

Mgmt ForForYesElect AM Boonsuib Prasit as Director 3.2 No

Mgmt ForForYesElect Vichai Assarasakorn as Director 3.3 No

Page 81 of 131



PTT PCL


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Somsak Chotrattanasiri as Director 3.4 No

Mgmt ForForYesElect Thammayot Srichuai as Director 3.5 No


Mgmt ForForYesApprove Office of The Auditor General of Thailand as Auditors and Authorize Board to Fix Their Remuneration

5 No

Mgmt ForForYesApprove Business Restructuring Plan for the Initial Public Offering of Ordinary Shares and the Listing of PTT Oil and Retail Business Company Limited on the Stock Exchange of Thailand

6 No

Mgmt ForForYesApprove Issuance of Warrants to Purchase Ordinary Shares Under ESOP

7 No


Lojas Renner


Record Date:

Country: Brazil



Ticker: LREN3

Primary CUSIP: P6332C102 Primary ISIN: BRLRENACNOR1 Primary SEDOL: B0CGYD6


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Authorize Capitalization of Reserves Mgmt Yes For For No

Mgmt ForForYesAuthorize Bonus Issue 2 No

Mgmt ForForYesApprove Increase in Authorized Capital 3 No

Mgmt ForForYesAmend Articles 5 and 6 to Reflect Changes in Share Capital and Authorized Capital

4 No




Country: India

Meeting Type: Court


Ticker: ZEEL

Primary CUSIP: Y98893152 Primary ISIN: INE256A01028 Primary SEDOL: 6188535

Page 82 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Court-Ordered Meeting for Equity Shareholders

Mgmt No

Mgmt ForForYesApprove Composite Scheme of Arrangement 1 No

China Unicom (Hong Kong) Ltd



Country: Hong Kong



Ticker: 762

Primary CUSIP: Y1519S111 Primary ISIN: HK0000049939 Primary SEDOL: 6263830


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesElect Shao Guanglu as Director 2.1a No

Mgmt AgainstForYesElect Cesareo Alierta Izuel as Director 2.1b Yes

Mgmt ForForYesElect Cheung Wing Lam Linus as Director 2.1c No

Mgmt AgainstForYesElect Wong Wai Ming as Director 2.1d Yes

Mgmt ForForYesAuthorize Board to Fix Remuneration of Directors

2.2 No


3 No

Mgmt ForForYesAuthorize Repurchase of Issued Share Capital 4 No

Mgmt AgainstForYesApprove Issuance of Equity or Equity-Linked Securities without Preemptive Rights

5 Yes

Mgmt AgainstForYesAuthorize Reissuance of Repurchased Shares 6 Yes

adidas AG


Record Date:

Country: Germany


Primary Security ID: D0066B185

Ticker: ADS

Primary CUSIP: D0066B102 Primary ISIN: DE000A1EWWW0 Primary SEDOL: 4031976

Page 83 of 131



adidas AG


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Receive Financial Statements and Statutory Reports for Fiscal 2016 (Non-Voting)

Mgmt No

Mgmt ForForYesApprove Allocation of Income and Dividends of EUR 2.00 per Share

2 No

Mgmt ForForYesApprove Discharge of Management Board for Fiscal 2016

3 No

Mgmt ForForYesApprove Discharge of Supervisory Board for Fiscal 2016

4 No

Mgmt ForForYesApprove Remuneration of Supervisory Board 5 No

Mgmt ForForYesApprove Creation of EUR 50 Million Pool of Capital with Preemptive Rights

6 No

Mgmt ForForYesApprove Creation of EUR 16 Million Pool of Capital with Partial Exclusion of Preemptive Rights

7 No

Mgmt ForForYesApprove Creation of EUR 20 Million Pool of Capital with Partial Exclusion of Preemptive Rights

8 No

Mgmt ForForYesRatify KPMG AG as Auditors for Fiscal 2017 9.1 No

Mgmt ForForYesRatify KPMG AG as Auditors for Half-Year and Quarterly Reports 2017

9.2 No

Mgmt ForForYesRatify KPMG AG as Auditors for the 2018 Interim Financial Statements Until the 2018 AGM

9.3 No

Mondi plc



Country: United Kingdom


Primary Security ID: G6258S107

Ticker: MNDI

Primary CUSIP: G6258S107 Primary ISIN: GB00B1CRLC47 Primary SEDOL: B1CRLC4


Votable Proposal

Vote Instruction

Vote Against Mgmt

Common Business: Mondi Limited and Mondi plc

Mgmt No

Mgmt ForForYesElect Tanya Fratto as Director 1 No

Mgmt ForForYesRe-elect Stephen Harris as Director 2 No

Mgmt ForForYesRe-elect Andrew King as Director 3 No

Page 84 of 131



Mondi plc


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesRe-elect John Nicholas as Director 4 No

Mgmt ForForYesRe-elect Peter Oswald as Director 5 No

Mgmt ForForYesRe-elect Fred Phaswana as Director 6 No

Mgmt ForForYesRe-elect Dominique Reiniche as Director 7 No

Mgmt ForForYesRe-elect David Williams as Director 8 No

Mgmt ForForYesElect Tanya Fratto as Member of the DLC Audit Committee

9 No

Mgmt ForForYesRe-elect Stephen Harris as Member of the DLC Audit Committee

10 No

Mgmt ForForYesRe-elect John Nicholas as Member of the DLC Audit Committee

11 No

Mgmt NoMondi Limited Business

Mgmt ForForYesAccept Financial Statements and Statutory Reports for the Year Ended 31 December 2016

12 No


Mgmt ForForYesApprove Remuneration of Non-executive Directors

14 No


Mgmt ForForYesAppoint PricewaterhouseCoopers Inc as Auditors of the Company with Michal Kotze as the Registered Auditor

16 No

Mgmt ForForYesAuthorise the DLC Audit Committee to Fix Remuneration of Auditors

17 No

Mgmt ForForYesApprove Financial Assistance to Related or Inter-related Company or Corporation

18 No

Mgmt ForForYesPlace Authorised but Unissued Ordinary Shares Under Control of Directors

19 No

Mgmt ForForYesPlace Authorised but Unissued Special Converting Shares Under Control of Directors

20 No



Mgmt NoMondi plc Business


23 No


Mgmt ForForYesApprove Remuneration Report 25 No


Page 85 of 131



Mondi plc


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAppoint PricewaterhouseCoopers LLP as Auditors

27 No

Mgmt ForForYesAuthorise the DLC Audit Committee to Fix Remuneration of Auditors

28 No

Mgmt ForForYesAuthorise Issue of Equity with Pre-emptive Rights

29 No

Mgmt ForForYesAuthorise Issue of Equity without Pre-emptive Rights

30 No

Mgmt ForForYesAuthorise Market Purchase of Ordinary Shares 31 No

AIA Group Ltd.



Country: Hong Kong



Ticker: 1299

Primary CUSIP: N/A Primary ISIN: HK0000069689 Primary SEDOL: B4TX8S1


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Mohamed Azman Yahya as Director 3 No

Mgmt ForForYesElect Edmund Sze-Wing Tse as Director 4 No

Mgmt ForForYesElect Jack Chak-Kwong So as Director 5 No

Mgmt ForForYesApprove PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration

6 No


7A No

Mgmt ForForYesAuthorize Repurchase of Issued Share Capital 7B No

Mgmt ForForYesApprove Allotment and Issuance of Additional Shares Under the Restricted Share Unit Scheme

7C No

Page 86 of 131






Country: Mexico



Ticker: SANMEX B



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoMeeting for Series B Shareholders

Mgmt AbstainForYesElect or Ratify Directors Representing Series B Shareholders

1 Yes


2 No

Mgmt NoMeeting for Series F and B Shareholders


1 No


Mgmt ForForYesAccept Chairman's and CEO's Report 3 No

Mgmt ForForYesAccept Board's Opinion on President's and CEO Report

4 No

Mgmt ForForYesAccept Board Report on Major Accounting and Disclosure Criteria and Policies

5 No

Mgmt ForForYesAccept Report on Adherence to Fiscal Obligations for Fiscal Year 2015

6 No

Mgmt ForForYesAccept Report on Operations and Activities Undertaken by Board

7 No

Mgmt ForForYesAccept Board Report on Activities of Audit Committee and Corporate Practices, Nominating and Remuneration Committee

8 No

Mgmt AbstainForYesElect and Ratify Directors and Their Alternate Representatives of Series F and B Shareholders; Fix Their Remuneration

9 Yes

Mgmt AbstainForYesElect or Ratify Chairman of Audit Committee 10 Yes


Mgmt AbstainForYesAmend Bylaws 12 Yes

Mgmt AbstainForYesApprove Modifications of Sole Responsibility Agreement

13 Yes


14 No

Page 87 of 131



X5 Retail Group NV





Primary Security ID: 98387E205

Ticker: FIVE

Primary CUSIP: 98387E205 Primary ISIN: US98387E2054 Primary SEDOL: B07T3T9


Votable Proposal

Vote Instruction

Vote Against Mgmt

Meeting for GDR Holders Mgmt No


Mgmt NoReceive Report of Management Board (Non-Voting)

2

Mgmt NoDiscuss Remuneration Report 3a

Mgmt ForForYesApprove Allocation of Income 3b No


3c No



Mgmt ForForYesReelect M.Fridman to Supervisory Board 6 No

Mgmt ForForYesReelect P. Musial to Supervisory Board 7 No

Mgmt AgainstForYesApprove Remuneration of Supervisory Board 8 Yes

Mgmt ForForYesGrant Board Authority to Issue Shares Up To 10 Percent of Issued Capital

9 No

Mgmt ForForYesAuthorize Board to Exclude Preemptive Rights from Share Issuances

10 No


11 No

Mgmt ForForYesRatify Ernst & Young as Auditors 12 No


DMCI Holdings, Inc.






Ticker: DMC


Page 88 of 131



DMCI Holdings, Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve the Minutes of the Annual Stockholders' Meeting Held on July 27, 2016

Mgmt Yes For For No

Mgmt ForForYesApprove the Management Report 2 No

Mgmt ForForYesRatify All Acts of the Board of Directors and Officers

3 No

Mgmt ForForYesAppoint SGV & Co. as External Auditors 4 No


Mgmt ForForYesElect Isidro A. Consunji as Director 5.1 No

Mgmt ForForYesElect Cesar A. Buenaventura as Director 5.2 No

Mgmt ForForYesElect Jorge A. Consunji as Director 5.3 No

Mgmt ForForYesElect Victor A. Consunji as Director 5.4 No

Mgmt ForForYesElect Herbert M. Consunji as Director 5.5 No

Mgmt ForForYesElect Ma. Edwina C. Laperal as Director 5.6 No

Mgmt ForForYesElect Luz Consuelo A. Consunji as Director 5.7 No

Mgmt WithholdForYesElect Antonio Jose U. Periquet as Director 5.8 Yes

Mgmt ForForYesElect Honorio Reyes-Lao as Director 5.9 No

Bank Zachodni WBK SA



Country: Poland


Primary Security ID: X0646L107

Ticker: BZW

Primary CUSIP: X0646L107 Primary ISIN: PLBZ00000044 Primary SEDOL: 7153639


Votable Proposal

Vote Instruction

Vote Against Mgmt







Page 89 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Management Board Report on Company's and Group's Operations

7 No


8 No

Mgmt ForForYesApprove Discharge of Michal Gajewski (CEO) 9.1 No

Mgmt ForForYesApprove Discharge of Andrzej Burliga (Management Board Member)

9.2 No

Mgmt ForForYesApprove Discharge of Michael McCarthy (Management Board Member)

9.3 No

Mgmt ForForYesApprove Discharge of Eamonn Crowley (Management Board Member)

9.4 No

Mgmt ForForYesApprove Discharge of Beata Daszynska-Muzyczka (Management Board Member)

9.5 No

Mgmt ForForYesApprove Discharge of Juan de Porras Aguirre (Management Board Member)

9.6 No

Mgmt ForForYesApprove Discharge of Marcin Prell (Management Board Member)

9.7 No

Mgmt ForForYesApprove Discharge of Carlos Polaino Izquierdo (Management Board Member)

9.8 No

Mgmt ForForYesApprove Discharge of Miroslaw Skiba (Management Board Member)

9.9 No

Mgmt ForForYesApprove Discharge of Feliks Szyszkowiak (Management Board Member)

9.10 No

Mgmt ForForYesApprove Discharge of Pawel Wieczorek (Management Board Member)

9.11 No

Mgmt ForForYesApprove Discharge of Artur Chodacki (Management Board Member)

9.12 No

Mgmt ForForYesApprove Supervisory Board Reports 10 No

Mgmt ForForYesApprove Discharge of Gerry Byrne (Supervisory Board Chairman)

11.1 No

Mgmt ForForYesApprove Discharge of Jose Garcia Cantera (Supervisory Board Member)

11.2 No

Mgmt ForForYesApprove Discharge of Danuta Dabrowska (Supervisory Board Member)

11.3 No

Mgmt ForForYesApprove Discharge of David Hexter (Supervisory Board Member)

11.4 No

Mgmt ForForYesApprove Discharge of Witold Jurcewicz (Supervisory Board Member)

11.5 No

Mgmt ForForYesApprove Discharge of Jose Luis De Mora (Supervisory Board Member)

11.6 No

Mgmt ForForYesApprove Discharge of John Power (Supervisory Board Member)

11.7 No

Page 90 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Jerzy Surma (Supervisory Board Member)

11.8 No

Mgmt ForForYesApprove Discharge of Jose Manuel Varela (Supervisory Board Member)

11.9 No

Mgmt ForForYesApprove Discharge of Marynika Woroszylska-Sapieha (Supervisory Board Member)

11.10 No


Mgmt AbstainForYesElect Chairman of Supervisory Board 13 Yes

Mgmt AbstainForYesApprove Remuneration of Supervisory Board Members

14 Yes

Mgmt ForForYesAmend Statute Re: Corporate Purpose 15 No

Mgmt ForForYesApprove Increase in Share Capital via Issuance of M Series Shares without Preemptive Rights; Approve Dematerialization and Listing of New Shares; Amend Statute Accordingly

16 No

Mgmt ForForYesApprove Performance Share Plan 17 No

Mgmt ForForYesFix Maximum Variable Compensation Ratio 18 No


Erste Group Bank AG



Country: Austria


Primary Security ID: A19494102

Ticker: EBS

Primary CUSIP: A19494102 Primary ISIN: AT0000652011 Primary SEDOL: 5289837


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Receive Financial Statements and Statutory Reports (Non-Voting)

Mgmt No

Mgmt ForForYesApprove Allocation of Income and Dividends of EUR 1.00 per Share

2 No



Mgmt ForForYesApprove Remuneration of Supervisory Board Members

5 No

Mgmt ForForYesRatify PwC Wirtschaftspruefung GmbH Auditors

6 No

Page 91 of 131



Erste Group Bank AG


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesRe-Elect Brian Deveraux O'Neill as Supervisory Board Member

7.1 No

Mgmt ForForYesElect Jordi Gual Sole as Supervisory Board Member

7.2 No

Mgmt ForForYesRe-Elect John James Stack as Supervisory Board Member

7.3 No

Mgmt ForForYesElect Marion Khueny as Supervisory Board Member

7.4 No

Mgmt ForForYesRe-Elect Friedrich Roedler as Supervisory Board Member

7.5 No

Mgmt ForForYesRe-Elect Jan Homan as Supervisory Board Member

7.6 No

Mgmt ForForYesAuthorize Repurchase of Up to Ten Percent of Issued Share Capital

8 No

Mgmt ForForYesAuthorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares

9 No

Mgmt ForForYesAuthorize Share Repurchase Program and Reissuance of Repurchased Shares to Key Employees

10 No

Mgmt ForForYesAmend Articles Re: Corporate Purpose; Management and Supervisory Board

11 No

Tencent Holdings Ltd.






Ticker: 700

Primary CUSIP: G87572148 Primary ISIN: KYG875721634 Primary SEDOL: BMMV2K8


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Lau Chi Ping Martin as Director 3a No

Mgmt ForForYesElect Charles St Leger Searle as Director 3b No

Mgmt ForForYesElect Yang Siu Shun as Director 3c No


3d No

Page 92 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


4 No


5 Yes



Mgmt ForForYesAdopt 2017 Share Option Scheme 8 No







Ticker: 700

Primary CUSIP: G87572148 Primary ISIN: KYG875721634 Primary SEDOL: BMMV2K8


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Adopt Share Option Plan of Tencent Music Entertainment Group

Mgmt Yes For For No

China Mobile Limited



Country: Hong Kong



Ticker: 941



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Dong Xin as Director 3 No

Mgmt ForForYesElect Frank Wong Kwong Shing as Director 4.1 No

Mgmt AgainstForYesElect Moses Cheng Mo Chi as Director 4.2 Yes

Mgmt ForForYesElect Paul Chow Man Yiu as Director 4.3 No

Page 93 of 131



China Mobile Limited


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Stephen Yiu Kin Wah as Director 4.4 No

Mgmt ForForYesApprove PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Auditors for Hong Kong Financial Reporting and U.S. Financial Reporting Purposes, Respectively and Authorize Board to Fix Their Remuneration

5 No



7 Yes


CSPC Pharmaceutical Group Ltd.



Country: Hong Kong



Ticker: 1093



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Cai Dongchen as Director 3a1 No

Mgmt ForForYesElect Chak Kin Man as Director 3a2 No

Mgmt ForForYesElect Pan Weidong as Director 3a3 No

Mgmt AgainstForYesElect Lee Ka Sze, Carmelo as Director 3a4 Yes

Mgmt ForForYesElect Chen Chuan as Director 3a5 No


3b No

Mgmt ForForYesApprove Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration

4 No



6 Yes


Page 94 of 131



CSPC Pharmaceutical Group Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt AgainstForYesApprove Grant of Options Under the Share Option Scheme

8 Yes

Mgmt ForForYesAdopt New Articles of Association 9 No

Yandex NV





Primary Security ID: N97284108

Ticker: YNDX

Primary CUSIP: N/A Primary ISIN: NL0009805522 Primary SEDOL: BMSK1G8


Votable Proposal

Vote Instruction

Vote Against Mgmt

Annual Meeting Agenda Mgmt No


1 No


Mgmt ForForYesApprove Discharge of Directors 3 No

Mgmt ForForYesElect Herman Gref as Non-Executive Director 4 No

Mgmt ForForYesElect Arkady Volozh as Non-Executive Director

5 No

Mgmt ForForYesApprove Cancellation of Outstanding Class C Shares

6 No

Mgmt ForForYesRatify KPMG as Auditors 7 No

Mgmt AgainstForYesGrant Board Authority to Issue Ordinary and Preference Shares

8 Yes

Mgmt AgainstForYesAuthorize Board to Exclude Preemptive Rights from Share Issuances Under Item 8

9 Yes


10 No

Advantech Co., Ltd.



Country: Taiwan



Ticker: 2395

Primary CUSIP: Y0017P108 Primary ISIN: TW0002395001 Primary SEDOL: 6202673

Page 95 of 131



Advantech Co., Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Business Operations Report and Financial Statements

Mgmt Yes For For No

Mgmt ForForYesApprove Plan on Profit Distribution 2 No

Mgmt ForForYesApprove Issuance of New Shares by Capitalization of Profit

3 No


4 No

Mgmt ForForYesAmend Procedures Governing the Acquisition or Disposal of Assets

5 No

Mgmt ForForYesAmend Procedures for Lending Funds to Other Parties

6 No

Mgmt ForForYesAmend Procedures for Endorsement and Guarantees

7 No

Mgmt ForForYesAmend Trading Procedures Governing Derivatives Products

8 No

Mgmt ForForYesAmend Rules and Procedures Regarding Shareholder's General Meeting

9 No

Mgmt ForForYesApprove Disposal of Equity in Advantech LNC Technology Co., Ltd.

10 No

Mgmt NoELECT NON-INDEPENDENT DIRECTORS AND INDEPENDENT DIRECTORS VIA CUMULATIVE VOTING

Mgmt ForForYesElect K.C.Liu with Shareholder No. 00000001 as Non-Independent Director

11.1 No

Mgmt ForForYesElect Ted Hsu with ID No. Q120226XXX as Non-Independent Director

11.2 No

Mgmt ForForYesElect Donald Chang, Representative of AIDC Investment Corp., with Shareholder No. 00000040 as Non-Independent Director

11.3 No

Mgmt ForForYesElect Chaney Ho, Representative of Advantech Foundation, with Shareholder No. 00000163 as Non-Independent Director

11.4 No

Mgmt ForForYesElect Jeff Chen with ID No. B100630XXX as Independent Director

11.5 No

Mgmt ForForYesElect Benson Liu with ID No. P100215XXX as Independent Director

11.6 No

Mgmt ForForYesElect Joseph Yu with Shareholder No. 00017301 as Independent Director

11.7 No

Mgmt AgainstForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives

12 Yes

Page 96 of 131



Capitec Bank Holdings Ltd






Ticker: CPI



Votable Proposal

Vote Instruction

Vote Against Mgmt

Ordinary Resolutions Mgmt No

Mgmt ForForYesRe-elect Nonhlanhla Mjoli-Mncube as Director 1 No

Mgmt ForForYesRe-elect Petrus Mouton as Director 2 No

Mgmt AgainstForYesRe-elect Riaan Stassen as Director 3 Yes

Mgmt ForForYesElect Lindiwe Dlamini as Director 4 No

Mgmt ForForYesElect Kabelo Makwane as Director 5 No

Mgmt ForForYesReappoint PricewaterhouseCoopers Inc. as Auditors of the Company

6 No

Mgmt ForForYesAuthorise Specific Issue of Loss Absorbent Convertible Capital Securities for Cash

7 No



Mgmt NoSpecial Resolutions

Mgmt ForForYesApprove Non-executive Directors' Remuneration

1 No


Mgmt ForForYesApprove Financial Assistance in Terms of Section 45 of the Companies Act

3 No

Mgmt ForForYesAmend Memorandum of Incorporation 4 No

Shenzhou International Group Holdings Ltd.





Primary Security ID: G8087W101

Ticker: 2313

Primary CUSIP: G8087W101 Primary ISIN: KYG8087W1015 Primary SEDOL: B0MP1B0


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Page 97 of 131



Shenzhou International Group Holdings Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Final Dividend and Special Dividend 2 No

Mgmt ForForYesElect Wang Cunbo as Director 3 No

Mgmt ForForYesElect Jiang Xianpin as Director 4 No

Mgmt ForForYesElect Qiu Weiguo as Director 5 No

Mgmt ForForYesElect Xu Changcheng as Director 6 No


7 No


8 No


9 Yes



Genting Malaysia Berhad



Country: Malaysia



Ticker: GENM

Primary CUSIP: Y7368M113 Primary ISIN: MYL4715OO008 Primary SEDOL: B1VXKN7


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Final Dividend Mgmt Yes For For No


Mgmt ForForYesElect Quah Chek Tin as Director 3 No

Mgmt ForForYesElect Mohd Zahidi Bin Hj Zainuddin as Director

4 No

Mgmt ForForYesApprove PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration

5 No


6 No


Mgmt ForForYesApprove Implementation of Shareholders' Mandate for Recurrent Related Party Transactions

8 No

Page 98 of 131



Mando Corp.





Primary Security ID: Y5762B113

Ticker: A204320

Primary CUSIP: N/A Primary ISIN: KR7204320006 Primary SEDOL: BQJZQJ8


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Elect Kim Hyeon-soo as an Outside director Mgmt Yes For For No

Mgmt ForForYesElect Kim Gyeong-soo as an Outside Director 1.2 No

Mgmt ForForYesElect Kim Han-cheol as a Member of Audit Committee

2.1 No

Mgmt ForForYesElect Kim Hyeon-soo as a Member of Audit Committee

2.2 No

Mgmt ForForYesElect Kim Gyeong-soo as a Member of Audit Committee

2.3 No




Country: Luxembourg



Ticker: 1910



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Allocation of Results for the Year 2016

2 No

Mgmt ForForYesApprove Cash Distribution 3 No

Mgmt ForForYesReelect Kyle Francis Gendreau as Director 4a No

Mgmt ForForYesReelect Tom Korbas as Director 4b No

Mgmt ForForYesReelect Ying Yeh as Director 4c No

Mgmt ForForYesRenew Mandate Granted to KPMG Luxembourg as Statutory Auditor

5 No

Mgmt ForForYesApprove KPMG LLP as External Auditor 6 No

Mgmt ForForYesAuthorize Issuance Shares Up to 10 Percent of the Total Issued Shares

7 No


Page 99 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Directors and Auditors 9 No


Mgmt ForForYesAuthorize Board to Fix the Remuneration of KPMG Luxembourg

11 No

China Mengniu Dairy Co., Ltd.






Ticker: 2319

Primary CUSIP: G21096105 Primary ISIN: KYG210961051 Primary SEDOL: B01B1L9


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Jiao Shuge (Jiao Zhen) as Director and Authorize Board to Fix His Remuneration

3a No

Mgmt ForForYesElect Zhang Xiaoya as Director and Authorize Board to Fix His Remuneration

3b No

Mgmt ForForYesElect Jeffrey, Minfang Lu as Director and Authorize Board to Fix His Remuneration

3c No

Mgmt ForForYesElect Wu Wenting as Director and Authorize Board to Fix Her Remuneration

3d No

Mgmt ForForYesElect Yau Ka Chi as Director and Authorize Board to Fix His Remuneration

3e No


4 No



6 Yes

Mail RU Group Ltd.



Country: Virgin Isl (UK)



Ticker: MAIL

Primary CUSIP: 560317208 Primary ISIN: US5603172082 Primary SEDOL: B53NQB3

Page 100 of 131



Mail RU Group Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Meeting for GDR Holders Mgmt No

Mgmt NoReceive Annual Report 1

Mgmt ForForYesElect Dmitry Grishin as Director 2.1 No

Mgmt ForForYesElect Vladimir Streshinsky as Director 2.2 No

Mgmt ForForYesElect Sergey Soldatenkov as Director 2.3 No

Mgmt ForForYesElect Anna Serebryanikova as Director 2.4 No

Mgmt ForForYesElect Vlad Wolfson as Director 2.5 No

Mgmt ForForYesElect Mark Sorour as Director 2.6 No

Mgmt ForForYesElect Charles Searle as Director 2.7 No

Mgmt ForForYesElect Vasileios Sgourdos as Director 2.8 No

PT Bumi Serpong Damai Tbk



Country: Indonesia


Primary Security ID: Y7125J106

Ticker: BSDE

Primary CUSIP: Y7125J106 Primary ISIN: ID1000110802 Primary SEDOL: B2RJPM0


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesApprove Remuneration of Directors and Commissioners

3 No

Mgmt ForForYesApprove Auditors 4 No

Mgmt ForForYesAccept Report on the Use of Proceeds 5 No

CCC SA



Country: Poland


Primary Security ID: X5818P109

Ticker: CCC

Primary CUSIP: X5818P109 Primary ISIN: PLCCC0000016 Primary SEDOL: B04QR13

Page 101 of 131



CCC SA


Votable Proposal

Vote Instruction

Vote Against Mgmt





Mgmt NoReceive Management Board Reports on Company's and Group's Operations, and Standalone and Consolidated Financial Statements

5

Mgmt NoReceive Supervisory Board Opinion on Company's Standing, Internal Controlling, Risk Management Systems, Compliance, and Internal Audit Function

6.1

Mgmt NoReceive Supervisory Board Reports on Management Board Reports on Company's and Group's Operations, Standalone and Consolidated Financial Statements, and Management Board's Proposal on Income Allocation

6.2

Mgmt ForForYesApprove Management Board Report on Company's Operations and Financial Statements

7 No

Mgmt ForForYesApprove Management Board Report on Group's Operations and Consolidated Financial Statements

8 No

Mgmt ForForYesApprove Appropriation of Supplementary Capital

9 No


10 No

Mgmt ForForYesApprove Discharge of Dariusz Milek (CEO) 11.1 No

Mgmt ForForYesApprove Discharge of Mariusz Gnych (Deputy CEO)

11.2 No

Mgmt ForForYesApprove Discharge of Piotr Nowjalis (Deputy CEO)

11.3 No

Mgmt ForForYesApprove Discharge of Karol Poltorak (Deputy CEO)

11.4 No

Mgmt ForForYesApprove Discharge of Henryk Chojnacki (Supervisory Board Chairman)

12.1 No

Mgmt ForForYesApprove Discharge of Wieslaw Oles (Supervisory Board Chairman)

12.2 No

Mgmt ForForYesApprove Discharge of Marcin Murawski (Supervisory Board Member)

12.3 No

Page 102 of 131



CCC SA


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Jerzy Suchnicki (Supervisory Board Member)

12.4 No

Mgmt ForForYesApprove Discharge of Waldemar Jurkiewicz (Supervisory Board Member)

12.5 No

Mgmt ForForYesApprove Discharge of Miroslaw Stachowicz (Supervisory Board Member)

12.6 No

Mgmt ForForYesApprove Discharge of Karol Poltorak (Supervisory Board Member)

12.7 No

Mgmt ForForYesFix Number of Supervisory Board Members at Five

13 No

Mgmt AbstainForYesElect Supervisory Board Member 14.1 Yes





Mgmt AbstainForYesElect Chairman of Supervisory Board 15 Yes

Mgmt ForForYesApprove Issuance of B Series Warrants Without Preemptive Rights Convertible into F Series Shares for Incentive Plan; Amend Statute Accordingly

16 No

Mgmt ForForYesApprove Issuance of C Series Subscription Warrants without Preemptive Rights and Conditional Increase in Share Capital; Approve Conditional Increase in Share Capital via Issuance of G Series Shares without Preemptive Rights; Amend Statute Accordingly

17 No

Mgmt ForForYesAmend Statute Re: Management Board Authorization to Increase Share Capital within Limits of Target Capital

18 No


PetroChina Company Limited



Country: China



Ticker: 857

Primary CUSIP: Y6883Q138 Primary ISIN: CNE1000003W8 Primary SEDOL: 6226576

Page 103 of 131



PetroChina Company Limited


Votable Proposal

Vote Instruction

Vote Against Mgmt

AGM BALLOT FOR HOLDERS OF H SHARES Mgmt No

Mgmt ForForYesApprove 2016 Report of the Board of Directors

1 No

Mgmt ForForYesApprove 2016 Report of the Supervisory Committee

2 No

Mgmt ForForYesApprove 2016 Audited Financial Statements 3 No


Mgmt ForForYesAuthorize Board to Determine the Distribution of Interim Dividends

5 No

Mgmt ForForYesApprove KPMG Huazhen as Domestic Auditors and KPMG as International Auditors and Authorize Board to Fix Their Remuneration

6 No


7 Yes

Mgmt ForForYesApprove Issuance of Debt Financing Instruments

8 No

SH ForForYesElect Wang Yilin as Director 9.1 No

SH ForForYesElect Wang Dongjin as Director 9.2 No

SH AgainstForYesElect Yu Baocai as Director 9.3 Yes

SH ForForYesElect Liu Yuezhen as Director 9.4 No

SH ForForYesElect Liu Hongbin as Director 9.5 No

SH ForForYesElect Hou Qijun as Director 9.6 No

SH ForForYesElect Duan Liangwei as Director 9.7 No

SH ForForYesElect Qin Weizhong as Director 9.8 No

SH ForForYesElect Lin Boqiang as Director 9.9 No

SH ForForYesElect Zhang Biyi as Director 9.10 No

SH ForForYesElect Elsie Leung Oi-sie as Director 9.11 No

SH ForForYesElect Tokuchi Tatsuhito as Director 9.12 No

SH ForForYesElect Simon Henry as Director 9.13 No

SH ForForYesElect Xu Wenrong as Supervisor 10.1 No

SH ForForYesElect Zhang Fengshan as Supervisor 10.2 No

SH ForForYesElect Jiang Lifu as Supervisor 10.3 No

SH ForForYesElect Lu Yaozhong as Supervisor 10.4 No

Page 104 of 131



Taiwan Semiconductor Manufacturing Co., Ltd.



Country: Taiwan



Ticker: 2330

Primary CUSIP: Y84629107 Primary ISIN: TW0002330008 Primary SEDOL: 6889106


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Approve Business Operations Report and Financial Statements

Mgmt Yes For For No

Mgmt ForForYesApprove Profit Distribution 1.2 No

Mgmt ForForYesAmend Articles of Association 1.3 No


1.4 No

Mgmt NoELECT NON-INDEPENDENT DIRECTORS VIA CUMULATIVE VOTING

Mgmt ForForYesElect Mark Liu with Shareholder No. 10758 as Non-Independent Director

2.1 No

Mgmt ForForYesElect C.C. Wei with Shareholder No. 370885 as Non-Independent Director

2.2 No

Mgmt AgainstNoneYesOther Business 3 No

China Pacific Insurance (Group) Co., Ltd



Country: China



Ticker: 601601

Primary CUSIP: Y1505R119 Primary ISIN: CNE1000008M8 Primary SEDOL: B29WFR2


Votable Proposal

Vote Instruction

Vote Against Mgmt



1 No

Mgmt ForForYesApprove 2016 Report of the Board of Supervisors

2 No

Mgmt ForForYesApprove 2016 Annual Report of A shares 3 No

Mgmt ForForYesApprove 2016 Annual Report of H shares 4 No

Mgmt ForForYesApprove 2016 Financial Statements And Statutory Reports

5 No

Page 105 of 131



China Pacific Insurance (Group) Co., Ltd


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove 2016 Profit Distribution Plan 6 No

Mgmt ForForYesApprove PricewaterhouseCoopers Zhong Tian LLP as PRC Auditor and Internal Control Auditor and PricewaterhouseCoopers as Overseas Auditor and Authorize Board to Fix Their Remuneration

7 No

Mgmt ForForYesApprove 2016 Due Diligence Report 8 No

Mgmt ForForYesApprove 2016 Report on Performance of Independent Directors

9 No

Mgmt ForForYesApprove Amendments to the Interim Administrative Measures on Related Party Transactions

10 No

Mgmt ForForYesApprove the Development Plan for the Years 2017 to 2019

11 No

Mgmt ForForYesElect Kong Qingwei as Director 12.1 No

Mgmt ForForYesElect Huo Lianhong as Director 12.2 No

Mgmt AgainstForYesElect Wang Jian as Director 12.3 Yes

Mgmt ForForYesElect Wang Tayu as Director 12.4 No

Mgmt ForForYesElect Kong Xiangqing as Director 12.5 No

Mgmt ForForYesElect Zhu Kebing as Director 12.6 No

Mgmt ForForYesElect Sun Xiaoning as Director 12.7 No

Mgmt ForForYesElect Wu Junhao as Director 12.8 No

Mgmt ForForYesElect Chen Xuanmin as Director 12.9 No

Mgmt ForForYesElect Bai Wei as Director 12.10 No

Mgmt AgainstForYesElect Lee Ka Sze, Carmelo as Director 12.11 Yes

Mgmt ForForYesElect Lam Chi Kuen as Director 12.12 No

Mgmt ForForYesElect Zhou Zhonghui as Director 12.13 No

Mgmt ForForYesElect Gao Shanwen as Director 12.14 No

Mgmt ForForYesElect Zhang Xinmei as Supervisor 13.1 No

Mgmt ForForYesElect Lin Lichun as Supervisor 13.2 No

Mgmt ForForYesElect Zhou Zhuping as Supervisor 13.3 No


14 Yes

Mgmt AgainstForYesAmend Articles of Association 15 Yes

Mgmt ForForYesAmend Rules and Procedures Regarding General Meetings of Shareholders

16 No

Page 106 of 131






Country: Russia


Primary Security ID: 55315J102

Ticker: MNOD

Primary CUSIP: 55315J102 Primary ISIN: RU0007288411 Primary SEDOL: B5B1TX2


Votable Proposal

Vote Instruction

Vote Against Mgmt





Mgmt ForForYesApprove Allocation of Income and Dividends 4 No


Mgmt AgainstNoneYesElect Sergey Barbashev as Director 5.1 No

Mgmt AgainstNoneYesElect Aleksey Bashkirov as Director 5.2 No

Mgmt AgainstNoneYesElect Rushan Bogaudinov as Director 5.3 No

Mgmt AgainstNoneYesElect Sergey Bratukhin as Director 5.4 No

Mgmt AgainstNoneYesElect Andrey Bugrov as Director 5.5 No

Mgmt AgainstNoneYesElect Marianna Zakharova as Director 5.6 No

Mgmt AgainstNoneYesElect Stalbek Mishakov as Director 5.7 No

Mgmt ForNoneYesElect Gareth Penny as Director 5.8 No

Mgmt ForNoneYesElect Gerhardus Prinsloo as Director 5.9 No

Mgmt AgainstNoneYesElect Maksim Sokov as Director 5.10 No

Mgmt AgainstNoneYesElect Vladislav Solovyev as Director 5.11 No

Mgmt ForNoneYesElect Sergey Skvortsov as Director 5.12 No

Mgmt ForNoneYes Elect Robert Edwards as Director 5.13 No

Mgmt NoElect Five Members of Audit Commisson

Mgmt ForForYesElect Artur Arustamov as Member of Audit Commission

6.1 No

Mgmt ForForYesElect Anna Masalova as Member of Audit Commission

6.2 No

Mgmt ForForYesElect Georgy Svanidze as Member of Audit Commission

6.3 No

Mgmt ForForYesElect Vladimir Shilkov as Members of Audit Commission

6.4 No

Page 107 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Elena Yanevich as Member of Audit Commission

6.5 No

Mgmt ForForYesRatify KPMG as RAS Auditor 7 No

Mgmt ForForYesRatify KPMG as IFRS Auditor 8 No


Mgmt ForForYesApprove Remuneration of Members of Audit Commission

10 No

Mgmt ForForYesApprove Related-Party Transactions Re: Indemnification Agreements with Directors and Executives

11 No

Mgmt ForForYesApprove Related-Party Transaction Re: Liability Insurance for Directors and Executives

12 No

Mgmt ForForYesApprove New Edition of Charter 13 No

Mgmt ForForYesApprove Company's Membership in UN Global Compact Network

14 No

Mgmt ForForYesApprove Company's Membership in Transport Safety Association

15 No




Country: Hong Kong



Ticker: 688



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Yan Jianguo as Director 3a No

Mgmt ForForYesElect Nip Yun Wing as Director 3b No

Mgmt ForForYesElect Chang Ying as Director 3c No

Mgmt ForForYesElect Lam Kwong Siu as Director 3d No

Mgmt ForForYesElect Fan Hsu Lai Tai, Rita as Director 3e No


4 No

Page 108 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


5 No



7 Yes


Delta Electronics Inc.



Country: Taiwan



Ticker: 2308



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Financial Statements Mgmt Yes For For No



3 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Directors and Representatives

4 No

Mgmt AgainstNoneYesOther Business 5 No

MercadoLibre, Inc.



Country: USA


Primary Security ID: 58733R102

Ticker: MELI

Primary CUSIP: 58733R102 Primary ISIN: US58733R1023 Primary SEDOL: B23X1H3


Votable Proposal

Vote Instruction

Vote Against Mgmt

1.1 Elect Director Susan Segal Mgmt Yes For For No

Mgmt ForForYesElect Director Mario Eduardo Vazquez 1.2 No

Page 109 of 131



MercadoLibre, Inc.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Director Alejandro Nicolas Aguzin 1.3 No

Mgmt ForForYesAdvisory Vote to Ratify Named Executive Officers' Compensation

2 No

Mgmt One YearOne YearYesAdvisory Vote on Say on Pay Frequency 3 No

Mgmt ForForYesRatify Deloitte & Co. S.A. as Auditors 4 No

Largan Precision Co., Ltd.



Country: Taiwan



Ticker: 3008



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



3 No

Taiwan Mobile Co., Ltd.



Country: Taiwan



Ticker: 3045



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No

Mgmt ForForYesApprove Profit Distribution 2 No

Mgmt ForForYesApprove Cash Distribution from Capital Reserve

3 No



5 No

Page 110 of 131



Taiwan Mobile Co., Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesElect Daniel M. Tsai, Representative of Fu-Chi Investment Co., Ltd with Shareholder No. 515 as Non-Independent Director

6.1 No

Mgmt ForForYesElect Richard M. Tsai, Representative of Fu-Chi Investment Co., Ltd with Shareholder No. 515 as Non-Independent Director

6.2 No

Mgmt ForForYesElect San-Cheng Chang, Representative of Fu-Chi Investment Co., Ltd with Shareholder No. 515 as Non-Independent Director

6.3 No

Mgmt ForForYesElect Howard Lin, Representative of TCC Investment Co., Ltd with Shareholder No. 172339 as Non-Independent Director

6.4 No

Mgmt ForForYesElect James Jeng, Representative of TCC Investment Co., Ltd with Shareholder No. 172939 as Non-Independent Director

6.5 No

Mgmt ForForYesElect Jck J.T. Huang with ID No. A100320XXX as Independent Director

6.6 No

Mgmt ForForYesElect Hsueh-Jen Sung with ID No. R102960XXX as Independent Director

6.7 No

Mgmt ForForYesElect Chung-Ming Kuan with ID No. A123813XXX as Independent Director

6.8 No

Mgmt ForForYesElect Char-Dir Chung with ID No. B120667XXX as Independent Director

6.9 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Director and Representative, Richard M. Tsai

7 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Director and Representative, Howard Lin

8 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Director and Representative, James Jeng

9 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Director and Representative, Jack J.T. Huang

10 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Director and Representative, Hsueh-Jen Sung

11 No

Page 111 of 131



China Construction Bank Corporation



Country: China



Ticker: 939

Primary CUSIP: Y1397N101 Primary ISIN: CNE1000002H1 Primary SEDOL: B0LMTQ3


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt NoORDINARY RESOLUTIONS


1 No

Mgmt ForForYesApprove 2016 Report of Supervisors 2 No

Mgmt ForForYesApprove 2016 Final Financial Accounts 3 No


Mgmt ForForYesApprove Budget of 2017 Fixed Assets Investment

5 No

Mgmt ForForYesApprove Remuneration Distribution and Settlement Plan for Directors in 2015

6 No

Mgmt ForForYesApprove Remuneration Distribution and Settlement Plan for Supervisors in 2015

7 No

Mgmt ForForYesElect Malcolm Christopher McCarthy as Director

8 No

Mgmt ForForYesElect Feng Bing as Director 9 No

Mgmt ForForYesElect Zhu Hailin as Director 10 No

Mgmt ForForYesElect Wu Min as Director 11 No

Mgmt ForForYesElect Zhang Qi as Director 12 No

Mgmt ForForYesElect Guo You as Supervisor 13 No

Mgmt ForForYesApprove PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration

14 No

Mgmt NoSPECIAL RESOLUTIONS

Mgmt ForForYesApprove Issuance of Eligible Tier-2 Capital Instruments

1 No

Mgmt AgainstForYesApprove Amendments to Articles of Association

2 Yes

Mgmt ForForYesAmend Rules of Procedures Regarding General Meetings of Shareholders' General Meetings

3 No

Mgmt ForForYesAmend Rules of Procedures for the Board of Directors

4 No

Page 112 of 131



China Construction Bank Corporation


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesAmend Rules of Procedures for the Board of Supervisors

5 No

Hanwha Techwin Co., Ltd.






Ticker: A012450



Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve Spin-Off Agreement Mgmt Yes For For No


E.SUN Financial Holding Co., Ltd.



Country: Taiwan



Ticker: 2884



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



3 No

Mgmt ForForYesApprove Issuance of New Shares by Capitalization of Profit and Employee Remuneration

4 No


5 No

Mgmt NoELECT INDEPENDENT DIRECTORS AND NON-INDEPENDENT DIRECTORS VIA CUMULATIVE VOTING

Mgmt ForForYesElect Cheng En Ko with ID No. 66168 as Independent Director

6.1 No

Page 113 of 131



E.SUN Financial Holding Co., Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Ji Ren Lee with ID No. 66178 as Independent Director

6.2 No

Mgmt ForForYesElect Chen Chen Chang Lin with ID No. 66188 as Independent Director

6.3 No

Mgmt ForForYesElect Hsin I Lin with ID No. 66198 as Independent Director

6.4 No

Mgmt ForForYesElect Chun Yao Huang with ID No. 66556 as Independent Director

6.5 No

Mgmt ForForYesElect Yung Jen Huang, a Representative of E.SUN Volunteer and Social Welfare Foundation with Shareholder No. 65813 as Non-independent Director

6.6 No

Mgmt ForForYesElect Joseph N.C. Huang, a Representative of E.SUN Volunteer and Social Welfare Foundation with Shareholder No. 65813 as Non-independent Director

6.7 No

Mgmt ForForYesElect Gary K.L. Tseng, a Representative of E.SUN Foundation with Shareholder No. 1 as Non-independent Director

6.8 No

Mgmt ForForYesElect Jackson Mai, a Representative of Hsin Tung Yang Co., Ltd. with Shareholder No. 8 as Non-independent Director

6.9 No

Mgmt ForForYesElect Ron Chu Chen, a Representative of Fu Yuan Investment Co. Ltd. with Shareholder No. 123662 as Non-independent Director

6.10 No

Mgmt ForForYesElect Chien Li Wu, a Representative of Shang Li Car Co., Ltd. with Shareholder No. 16557 as Non-independent Director

6.11 No

Mgmt ForForYesElect Magi Chen, a Representative of Shan Meng Investment Co. Ltd. with Shareholder No. 32013 as Non-independent Director

6.12 No

Mgmt ForForYesElect Mao Chin Chen, a Representative of Sunlit Transportation Co., Ltd. with Shareholder No. 18322 as Non-independent Director

6.13 No

LPP S.A.



Country: Poland


Primary Security ID: X5053G103

Ticker: LPP

Primary CUSIP: X5053G103 Primary ISIN: PLLPP0000011 Primary SEDOL: 7127979

Page 114 of 131



LPP S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Open Meeting; Elect Meeting Chairman Mgmt Yes For For No

Mgmt NoAcknowledge Proper Convening of Meeting; Prepare List of Participating Shareholders

2



Mgmt NoReceive Supervisory Board Opinion on Resolutions Submitted to Shareholder Vote at This AGM

5.1

Mgmt NoReceive Supervisory Board Report on Its Review of Management Board Report on Company's and Group's Operations

5.2

Mgmt NoReceive Supervisory Board Report on Its Review of Standalone Financial Statements

5.3

Mgmt NoReceive Supervisory Board Report on Its Review of Consolidated Financial Statements

5.4

Mgmt NoReceive Management Board Proposal on Allocation of Income

5.5

Mgmt NoReceive Supervisory Board Opinion on Management Board Proposal on Allocation of Income

5.6

Mgmt NoReceive Supervisory Board Assessment of Company's Standing

5.7

Mgmt NoReceive Supervisory Board Report on Board's Work

5.8

Mgmt NoReceive Supervisory Board Report on Board's Performance of Audit Committee Responsibilities

5.9

Mgmt NoReceive Supervisory Board Report on Company's Compliance with Polish Corporate Governance Code

5.10

Mgmt NoReceive Supervisory Board Report on Company's Policy on Charity Activities

5.11

Mgmt ForForYesApprove Management Board Report on Company's and Group's Operations

6 No

Mgmt ForForYesApprove Supervisory Board Report on Board's Work

7 No



Mgmt ForForYesApprove Discharge of Marek Piechocki (CEO) 10.1 No

Page 115 of 131



LPP S.A.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Jacek Kujawa (Deputy CEO)

10.2 No

Mgmt ForForYesApprove Discharge of Przemyslaw Lutkiewicz (Deputy CEO)

10.3 No

Mgmt ForForYesApprove Discharge of Slawomir Loboda (Deputy CEO)

10.4 No

Mgmt ForForYesApprove Discharge of Hubert Komorowski (Deputy CEO)

10.5 No

Mgmt ForForYesApprove Discharge of Piotr Dyka (Deputy CEO)

10.6 No

Mgmt ForForYesApprove Discharge of Jerzy Lubianiec (Supervisory Board Chairman)

11.1 No

Mgmt ForForYesApprove Discharge of Maciej Matusiak (Supervisory Board Member)

11.2 No

Mgmt ForForYesApprove Discharge of Wojciech Olejniczak (Supervisory Board Member)

11.3 No

Mgmt ForForYesApprove Discharge of Krzysztof Olszewski (Supervisory Board Member)

11.4 No

Mgmt ForForYesApprove Discharge of Dariusz Pachla (Supervisory Board Member)

11.5 No



Mgmt ForForYesApprove Performance Share Plan 14 No





Country: Mexico



Ticker: GFNORTEO



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove Cash Dividends of MXN 2.78 Per Share

1.1 No

Mgmt ForForYesApprove Extraordinary Dividends of MXN 1.26 Per Share

1.2 No

Page 116 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove June 29, 1017 as Dividend Payment Date

1.3 No


2 No

PT Unilever Indonesia Tbk



Country: Indonesia


Primary Security ID: Y9064H141

Ticker: UNVR

Primary CUSIP: Y9064H141 Primary ISIN: ID1000095706 Primary SEDOL: 6687184


Votable Proposal

Vote Instruction

Vote Against Mgmt

ANNUAL GENERAL MEETING AGENDA Mgmt No

Mgmt ForForYesAccept Financial Statements, Annual Report and Commissioners' Report

1 No


Mgmt ForForYesApprove Siddharta Widjaja & Rekan as Auditors and Authorize Board to Fix Their Remuneration

3 No

Mgmt ForForYesElect Directors and Commissioners and Approve Their Remuneration

4 No

Mgmt NoEXTRAORDINARY GENERAL MEETING AGENDA

Mgmt ForForYesApprove Loan Agreement from Unilever Finance International AG, Switzerland

1 No

Mgmt ForForYesApprove Definite Contribution Pension Fund 2 No

Uni-President Enterprises Corp.



Country: Taiwan



Ticker: 1216


Page 117 of 131



Uni-President Enterprises Corp.


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesAmend Rules and Procedures Regarding Shareholder's General Meeting

3 No


4 No

Mgmt ForForYesApprove Release of Restrictions of Competitive Activities of Directors and Representatives

5 No

CRCC High-Tech Equipment Corporation Limited



Country: China



Ticker: 1786

Primary CUSIP: N/A Primary ISIN: CNE1000023F1 Primary SEDOL: BZ1NG59


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve 2016 Annual Report and Annual Results

Mgmt Yes For For No


2 No

Mgmt ForForYesApprove 2016 Report of the Supervisory Committee

3 No

Mgmt ForForYesApprove 2016 Financial Statements 4 No


Mgmt ForForYesApprove Remuneration Standards of Directors and Supervisors

6 No

Mgmt ForForYesElect Chen Yongxiang as Director 7 No

Mgmt ForForYesApprove Auditors and Payment of Audit Fees for 2016 and Authorize Board to Fix Remuneration

8 No

Mgmt ForForYesApprove Machinery Equipment and Accessories Sales Framework Agreement and Related Transactions

9 No

Page 118 of 131



Hon Hai Precision Industry Co., Ltd.



Country: Taiwan



Ticker: 2317



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



3 No




Country: Poland


Primary Security ID: X6919X108

Ticker: PKO

Primary CUSIP: X6919X108 Primary ISIN: PLPKO0000016 Primary SEDOL: B03NGS5


Votable Proposal

Vote Instruction

Vote Against Mgmt





Mgmt NoReceive Management Board Report on Company's Operations, Financial Statements, and Management Board Proposal on Allocation of Income

5

Mgmt NoReceive Management Board Report on Group's Operations and Consolidated Financial Statements

6

Mgmt NoReceive Supervisory Board Report 7


8.1 No

Mgmt ForForYesApprove Financial Statements 8.2 No


8.3 No

Mgmt ForForYesApprove Consolidated Financial Statements 8.4 No

Page 119 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Supervisory Board Report 8.5 No

Mgmt ForForYesApprove Allocation of Income 8.6 No

Mgmt ForForYesApprove Discharge of Zbigniew Jagiello (CEO) 8.7a No

Mgmt ForForYesApprove Discharge of Janusz Derda (Deputy CEO)

8.7b No

Mgmt ForForYesApprove Discharge of Bartosz Drabikowski (Deputy CEO)

8.7c No

Mgmt ForForYesApprove Discharge of Maks Kraczkowski (Deputy CEO)

8.7d No

Mgmt ForForYesApprove Discharge of Mieczyslaw Krol (Deputy CEO)

8.7e No

Mgmt ForForYesApprove Discharge of Piotr Mazur (Deputy CEO)

8.7f No

Mgmt ForForYesApprove Discharge of Jakub Papierski (Deputy CEO)

8.7g No

Mgmt ForForYesApprove Discharge of Jan Rosciszewski (Deputy CEO)

8.7h No

Mgmt ForForYesApprove Discharge of Piotr Alicki (Deputy CEO)

8.7i No

Mgmt ForForYesApprove Discharge of Jaroslaw Myjak (Deputy CEO)

8.7j No

Mgmt ForForYesApprove Discharge of Jacek Oblekowski (Deputy CEO)

8.7k No

Mgmt ForForYesApprove Discharge of Piotr Sadownik (Supervisory Board Chairman)

8.8a No

Mgmt ForForYesApprove Discharge of Grazyna Ciurzynska (Supervisory Board Deputy Chairman)

8.8b No

Mgmt ForForYesApprove Discharge of Zbigniew Hajlasz (Supervisory Board Member)

8.8c No

Mgmt ForForYesApprove Discharge of Miroslaw Barszcz (Supervisory Board Member)

8.8d No

Mgmt ForForYesApprove Discharge of Adam Budnikowski (Supervisory Board Member)

8.8e No

Mgmt ForForYesApprove Discharge of Wojciech Jasinski (Supervisory Board Member)

8.8f No

Mgmt ForForYesApprove Discharge of Andrzej Kisielewicz (Supervisory Board Member)

8.8g No

Mgmt ForForYesApprove Discharge of Elzbieta Maczynska-Ziemacka (Supervisory Board Member)

8.8h No

Mgmt ForForYesApprove Discharge of Janusz Ostaszewski (Supervisory Board Member)

8.8i No

Page 120 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Jerzy Gora (Supervisory Board Member)

8.8j No

Mgmt ForForYesApprove Discharge of Miroslaw Czekaj (Supervisory Board Deputy Chairman)

8.8k No

Mgmt ForForYesApprove Discharge of Piotr Marczak (Supervisory Board Member)

8.8l No

Mgmt ForForYesApprove Discharge of Marek Mroczkowski (Supervisory Board Member)

8.8m No

Mgmt ForForYesApprove Discharge of Krzysztof Kilian (Supervisory Board Member)

8.8n No

Mgmt ForForYesApprove Discharge of Zofia Dzik (Supervisory Board Member)

8.8o No

Mgmt ForForYesApprove Discharge of Malgorzata Dec-Kruczkowska (Supervisory Board Member)

8.8p No

Mgmt ForForYesApprove Discharge of Agnieszka Winnik-Kalemba (Supervisory Board Member)

8.8q No

Mgmt NoReceive Supervisory Board Report on Remuneration Policy and Compliance with Corporate Governance Principles

9




Sino Biopharmaceutical Ltd.





Primary Security ID: G8167W138

Ticker: 01177

Primary CUSIP: G8167W138 Primary ISIN: KYG8167W1380 Primary SEDOL: B00XSF9


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No


Mgmt ForForYesElect Cheng Cheung Ling as Director 3 No

Mgmt AgainstForYesElect Wang Shanchun as Director 4 Yes

Mgmt ForForYesElect Tian Zhoushan as Director 5 No

Page 121 of 131



Sino Biopharmaceutical Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesElect Lu Hong as Director 6 No

Mgmt ForForYesElect Zhang Lu Fu as Director 7 No

Mgmt ForForYesAuthorize Board to Fix Remuneration of Director

8 No


9 No


10A Yes

Mgmt ForForYesAuthorize Repurchase of Issued Share Capital 10B No

Mgmt AgainstForYesAuthorize Reissuance of Repurchased Shares 10C Yes

Zoomlion Heavy Industry Science and Technology Co., Ltd.



Country: China



Ticker: 000157

Primary CUSIP: Y1293Y102 Primary ISIN: CNE000001527 Primary SEDOL: 6289977


Votable Proposal

Vote Instruction

Vote Against Mgmt

1 Approve 2016 Report of the Board of Directors

Mgmt Yes For For No

Mgmt ForForYesAccept 2016 Report of the Supervisory Board 2 No

Mgmt ForForYesApprove 2016 Report of Settlement Accounts 3 No

Mgmt ForForYesApprove Annual Report Summary of A Shares 4 No

Mgmt ForForYesApprove 2016 Annual Report of H Shares 5 No

Mgmt ForForYesApprove 2016 Profit Distribution Plan and Final Dividend

6 No

Mgmt NoAPPROVE APPOINTMENT OF 2017 AUDITOR

Mgmt ForForYesApprove Baker Tilly China Certified Public Accountants Co., Ltd. as Domestic Auditor

7.1 No

Mgmt ForForYesApprove KPMG as International Auditor 7.2 No

Mgmt ForForYesAuthorize Audit Committee of the Board to Fix Remuneration of Domestic and International Auditors and Authorize Company's Management to Determine Their Actual Remunerations Based on the Agreed Principles

7.3 No

Page 122 of 131



Zoomlion Heavy Industry Science and Technology Co., Ltd.


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Application to Relevant Financial Institutions for Credit Facilities and Financing

8 No

Mgmt ForForYesApprove Zoomlion Finance and Leasing (China) Co., Ltd. and Zoomlion Finance and Leasing (Beijing) Co. Ltd. for Commencement of Finance Leasing Business and the Company to Provide Buy-Back Guarantee

9 No

Mgmt ForForYesApprove Authorization to the Company to Continue to Develop the Mortgage and Sales Business and Provide Buy-back Guarantee in Respect of the Mortgage Business Within the Effective Term

10 No

Mgmt ForForYesApprove Zoomlion Industrial Vehicles to Engage in Business Relating to Banker's Acceptance Cecured by Goods

11 No

Mgmt ForForYesApprove Zoomlion Heavy Machinery to Engage in Business Relating to Banker's Acceptance Cecured by Goods

12 No

Mgmt AgainstForYesApprove Provision of Guarantee for 23 Subsidiaries

13 Yes

Mgmt ForForYesApprove Low Risk Investment and Financial Management and Authorize the Chairman to Exercise such Decision-Making Power and Execute Relevant Contracts and Agreements

14 No

Mgmt ForForYesApprove Development of Financial Derivatives Business and Authorize the Chairman to Exercise such Decision-Making Power and Execute Relevant Contracts and Agreements

15 No

SH ForForYesApprove Equity Disposal and Related Transactions

16 No

Advanced Semiconductor Engineering Inc.



Country: Taiwan



Ticker: 2311



Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



3 No

Page 123 of 131



NIEN MADE ENTERPRISE CO LTD



Country: Taiwan



Ticker: 8464

Primary CUSIP: N/A Primary ISIN: TW0008464009 Primary SEDOL: BSZLN15


Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt Yes For For No



3 No


Mgmt ForForYesElect Nien Keng-Hao with Shareholder No. 6 as Non-independent Director

4.1 No

Mgmt ForForYesElect Nien Chao-Hung with Shareholder No. 7 as Non-independent Director

4.2 No

Mgmt ForForYesElect Chuang Hsi-Chin with Shareholder No. 4 as Non-independent Director

4.3 No

Mgmt ForForYesElect Peng Ping with Shareholder No. 9 as Non-independent Director

4.4 No

Mgmt ForForYesElect Lee Ming-Shan with ID No. K121025XXX as Non-independent Director

4.5 No

Mgmt ForForYesElect Jok Chung Wai Edward with Shareholder No. 10 as Non-independent Director

4.6 No

Mgmt ForForYesElect Lin Chi-Wei with ID No. F103441XXX as Independent Director

4.7 No

Mgmt ForForYesElect Huang Shen-Yi with ID No. R121088XXX as Independent Director

4.8 No

Mgmt ForForYesElect Hung Chung-Chin with ID No. N121880XXX as Independent Director

4.9 No

Mgmt AgainstForYesApprove Release of Restrictions of Competitive Activities of Newly Appointed Directors

5 Yes




Country: China



Ticker: 3988

Primary CUSIP: Y0698A107 Primary ISIN: CNE1000001Z5 Primary SEDOL: B154564

Page 124 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt


Mgmt ForForYesApprove 2016 Work Report of Board of Directors

1 No

Mgmt ForForYesApprove 2016 Work Report of Board of Supervisors

2 No

Mgmt ForForYesApprove 2016 Annual Financial Statements 3 No


Mgmt ForForYesApprove 2017 Annual Budget for Fixed Assets Investment

5 No

Mgmt ForForYesApprove Ernst & Young Hua Ming as External Auditor

6 No

Mgmt ForForYesElect Chen Siqing as Director 7.01 No

Mgmt ForForYesElect Zhang Xiangdong as Director 7.02 No

Mgmt ForForYesElect Xiao Lihong as Director 7.03 No

Mgmt ForForYesElect Wang Xiaoya as Director 7.04 No

Mgmt ForForYesElect Zhao Jie as Director 7.05 No

Mgmt ForForYesApprove Issuance of Bonds 8 No

SH ForNoneYesAmend Articles of Association 9 No

Powszechny Zaklad Ubezpieczen SA



Country: Poland


Primary Security ID: X6919T107

Ticker: PZU

Primary CUSIP: N/A Primary ISIN: PLPZU0000011 Primary SEDOL: B63DG21


Votable Proposal

Vote Instruction

Vote Against Mgmt

Management Proposals Mgmt No





Page 125 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt NoReceive Financial Statements 5

Mgmt NoReceive Management Board Report on Company's Operations

6

Mgmt NoReceive Consolidated Financial Statements 7

Mgmt NoReceive Management Board Report on Group's Operations

8

Mgmt NoReceive Supervisory Board Reports on Its Review of Financial Statements, Management Board Report, and Management Board Proposal on Allocation of Income

9

Mgmt NoReceive Supervisory Board Report on Its Activities

10



12 No



14 No


15 No

Mgmt ForForYesApprove Discharge of Przemyslaw Dabrowski (Management Board Member)

16.1 No

Mgmt ForForYesApprove Discharge of Rafal Grodzicki (Management Board Member)

16.2 No

Mgmt ForForYesApprove Discharge of Roger Hodgkiss (Management Board Member)

16.3 No

Mgmt ForForYesApprove Discharge of Andrzej Jaworski (Management Board Member)

16.4 No

Mgmt ForForYesApprove Discharge of Sebastian Klimek (Management Board Member)

16.5 No

Mgmt ForForYesApprove Discharge of Beata Kozlowska-Chyla (Management Board Member)

16.6 No

Mgmt ForForYesApprove Discharge of Michal Krupinski (Management Board Member)

16.7 No

Mgmt ForForYesApprove Discharge of Dariusz Krzewina (Management Board Member)

16.8 No

Mgmt ForForYesApprove Discharge of Tomasz Kulik (Management Board Member)

16.9 No

Mgmt ForForYesApprove Discharge of Robert Pietryszyn (Management Board Member)

16.10 No

Mgmt ForForYesApprove Discharge of Maciej Rapkiewicz (Management Board Member)

16.11 No

Page 126 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt ForForYesApprove Discharge of Pawel Surowka (Management Board Member)

16.12 No

Mgmt ForForYesApprove Discharge of Tomasz Tarkowski (Management Board Member)

16.13 No

Mgmt ForForYesApprove Discharge of Marcin Chludzinski (Supervisory Board Member)

17.1 No

Mgmt ForForYesApprove Discharge of Zbigniew Cwiakalski (Supervisory Board Member)

17.2 No

Mgmt ForForYesApprove Discharge of Zbigniew Derdziuk (Supervisory Board Member)

17.3 No

Mgmt ForForYesApprove Discharge of Dariusz Filar (Supervisory Board Member)

17.4 No

Mgmt ForForYesApprove Discharge of Marcin Gargas (Supervisory Board Member)

17.5 No

Mgmt ForForYesApprove Discharge of Dariusz Kacprzyk (Supervisory Board Member)

17.6 No

Mgmt ForForYesApprove Discharge of Pawel Kaczmarek (Supervisory Board Member)

17.7 No

Mgmt ForForYesApprove Discharge of Jakub Karnowski (Supervisory Board Member)

17.8 No

Mgmt ForForYesApprove Discharge of Eligiusz Krzesniak (Supervisory Board Member)

17.9 No

Mgmt ForForYesApprove Discharge of Aleksandra Magaczewska (Supervisory Board Member)

17.10 No

Mgmt ForForYesApprove Discharge of Alojzy Nowak (Supervisory Board Member)

17.11 No

Mgmt ForForYesApprove Discharge of Jerzy Paluchniak (Supervisory Board Member)

17.12 No

Mgmt ForForYesApprove Discharge of Piotr Paszko (Supervisory Board Member)

17.13 No

Mgmt ForForYesApprove Discharge of Maciej Piotrowski (Supervisory Board Member)

17.14 No

Mgmt ForForYesApprove Discharge of Radoslaw Potrzeszcz (Supervisory Board Member)

17.15 No

Mgmt ForForYesApprove Discharge of Piotr Walkowiak (Supervisory Board Member)

17.16 No

Mgmt ForForYesApprove Discharge of Maciej Zaborowski (Supervisory Board Member)

17.17 No

Mgmt NoShareholder Proposals

SH AgainstNoneYesAmend Feb. 8, 2017, EGM, Resolution Re: Remuneration Policy for Management Board Members

18 No

SH ForNoneYesAmend Statute 19 No

Page 127 of 131





Votable Proposal

Vote Instruction

Vote Against Mgmt

SH AbstainNoneYesRecall Supervisory Board Member 20.1 No

SH AbstainNoneYesElect Supervisory Board Member 20.2 No

Mgmt NoManagement Proposals


Gazprom PJSC



Country: Russia


Primary Security ID: X7204C106

Ticker: GAZP

Primary CUSIP: X7204C106 Primary ISIN: RU0007661625 Primary SEDOL: B59L4L7


Votable Proposal

Vote Instruction

Vote Against Mgmt





Mgmt ForForYesApprove Dividends of RUB 8.0397 Per Share 4 No

Mgmt ForForYesRatify FBK as Auditor 5 No

Mgmt AgainstForYesApprove Remuneration of Directors 6 Yes


7 No

Mgmt ForForYesAmend Charter 8 No

Mgmt ForForYesAmend Regulations on Board of Directors 9 No

Mgmt ForForYesAmend Regulations on Management 10 No

Mgmt ForForYesAmend Regulations on CEO 11 No

Mgmt ForForYesApprove New Edition of Company's Corporate Governance Code

12 No

Mgmt ForForYesApprove Company's Membership in Global Gas Center

13 No


Mgmt AgainstNoneYesElect Andrey Akimov as Director 14.1 No

Mgmt AgainstNoneYesElect Viktor Zubkov as Director 14.2 No

Page 128 of 131



Gazprom PJSC


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt AgainstNoneYesElect Timur Kulibaev as Director 14.3 No

Mgmt AgainstNoneYesElect Denis Manturov as Director 14.4 No

Mgmt AgainstNoneYesElect Vitaliy Markelov as Director 14.5 No

Mgmt AgainstNoneYesElect Viktor Martynov as Director 14.6 No

Mgmt AgainstNoneYesElect Vladimir Mau as Director 14.7 No

Mgmt AgainstNoneYesElect Aleksey Miller as Director 14.8 No

Mgmt AgainstNoneYesElect Aleksandr Novak as Director 14.9 No

Mgmt AgainstNoneYesElect Dmitry Patrushev as Director 14.10 No

Mgmt AgainstNoneYesElect Mikhail Sereda as Director 14.11 No

Mgmt NoElect Nine Members of Audit Commission

Mgmt AgainstForYesElect Vladimir Alisov as Member of Audit Commission

15.1 Yes

Mgmt ForForYesElect Vadim Bikulov as Member of Audit Commission

15.2 No

Mgmt ForForYesElect Aleksandr Gladkov as Member of Audit Commission

15.3 No

Mgmt AgainstForYesElect Aleksandr Ivannikov as Member of Audit Commission

15.4 Yes

Mgmt ForForYesElect Margarita Mironova as Member of Audit Commission

15.5 No

Mgmt AgainstForYesElect Lidiya Morozova as Member of Audit Commission

15.6 Yes

Mgmt ForForYesElect Yury Nosov as Member of Audit Commission

15.7 No

Mgmt ForForYesElect Karen Oganyan as Member of Audit Commission

15.8 No

Mgmt AgainstForYesElect Dmitry Pashkovsky as Member of Audit Commission

15.9 Yes

Mgmt AgainstForYesElect Alexandra Petrova as Member of Audit Commission

15.10 Yes

Mgmt ForForYesElect Sergey Platonov as Member of Audit Commission

15.11 No

Mgmt AgainstForYesElect Mikhail Rosseev as Member of Audit Commission

15.12 Yes

Mgmt AgainstForYesElect Oksana Tarasenko as Member of Audit Commission

15.13 Yes

Mgmt ForForYesElect Tatyana Fisenko as Member of Audit Commission

15.14 No

Page 129 of 131



Gazprom PJSC


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt NoMeeting for ADR Holders




Mgmt ForForYesApprove Dividends of RUB 8.0397 Per Share 4 No

Mgmt ForForYesRatify FBK as Auditor 5 No

Mgmt AgainstForYesApprove Remuneration of Directors 6 Yes


7 No

Mgmt ForForYesAmend Charter 8 No

Mgmt ForForYesAmend Regulations on Board of Directors 9 No

Mgmt ForForYesAmend Regulations on Management 10 No

Mgmt ForForYesAmend Regulations on CEO 11 No

Mgmt ForForYesApprove New Edition of Company's Corporate Governance Code

12 No

Mgmt ForForYesApprove Company's Membership in Global Gas Center

13 No


Mgmt AgainstNoneYesElect Andrey Akimov as Director 14.1 No

Mgmt AgainstNoneYesElect Viktor Zubkov as Director 14.2 No

Mgmt AgainstNoneYesElect Timur Kulibaev as Director 14.3 No

Mgmt AgainstNoneYesElect Denis Manturov as Director 14.4 No

Mgmt AgainstNoneYesElect Vitaliy Markelov as Director 14.5 No

Mgmt AgainstNoneYesElect Viktor Martynov as Director 14.6 No

Mgmt AgainstNoneYesElect Vladimir Mau as Director 14.7 No

Mgmt AgainstNoneYesElect Aleksey Miller as Director 14.8 No

Mgmt AgainstNoneYesElect Aleksandr Novak as Director 14.9 No

Mgmt AgainstNoneYesElect Dmitry Patrushev as Director 14.10 No

Mgmt AgainstNoneYesElect Mikhail Sereda as Director 14.11 No

Mgmt NoElect Nine Members of Audit Commission

Page 130 of 131



Gazprom PJSC


Votable Proposal

Vote Instruction

Vote Against Mgmt

Mgmt AgainstForYesElect Vladimir Alisov as Member of Audit Commission

15.1 Yes

Mgmt ForForYesElect Vadim Bikulov as Member of Audit Commission

15.2 No

Mgmt ForForYesElect Aleksandr Gladkov as Member of Audit Commission

15.3 No

Mgmt AgainstForYesElect Aleksandr Ivannikov as Member of Audit Commission

15.4 Yes

Mgmt ForForYesElect Margarita Mironova as Member of Audit Commission

15.5 No

Mgmt Do Not Vote

ForYesElect Lidiya Morozova as Member of Audit Commission

15.6 No

Mgmt ForForYesElect Yury Nosov as Member of Audit Commission

15.7 No

Mgmt ForForYesElect Karen Oganyan as Member of Audit Commission

15.8 No

Mgmt Do Not Vote

ForYesElect Dmitry Pashkovsky as Member of Audit Commission

15.9 No

Mgmt Do Not Vote

ForYesElect Alexandra Petrova as Member of Audit Commission

15.10 No

Mgmt ForForYesElect Sergey Platonov as Member of Audit Commission

15.11 No

Mgmt Do Not Vote

ForYesElect Mikhail Rosseev as Member of Audit Commission

15.12 No

Mgmt Do Not Vote

ForYesElect Oksana Tarasenko as Member of Audit Commission

15.13 No

Mgmt ForForYesElect Tatyana Fisenko as Member of Audit Commission

15.14 No

Page 131 of 131

Date post:	11-Jul-2018
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