Proxy Voting Guidelines

bcIMC's Proxy Voting Guidelines

Issue link: https://uberflip.bci.ca/i/500877

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Table of Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1. Facilitating Shareholders' Rights and Interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1.1 Shareholder Meetings . . . . . . . . . . . . . . . . . . 2 1.2 Shareholder Voting Rights . . . . . . . . . . . . . . 3 1.3 Shareholder Proposals Related to Shareholder Rights . . . . . . . . . . . . . . . . . . 5 2. The Board of Directors . . . . . . . . . . . . . . . . . . . . . 6 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 2.1 Board Membership . . . . . . . . . . . . . . . . . . . . 6 2.2 Board Structures and Processes . . . . . . . . . 9 2.3 Director Compensation . . . . . . . . . . . . . . . . 10 2.4 Shareholder Proposals Related to the Board . . . . . . . . . . . . . . . . . . . . . . . . . 11 3. Audit Process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 4. Executive Compensation . . . . . . . . . . . . . . . . . . 13 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 4.1 Shareholder Proposals on Compensation. . . . . . . . . . . . . . . . . . . . . 15 5. Capital Issues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 6. Mergers, Acquisitions and Corporate Restructurings . . . . . . . . . . . . . . . . . . 18 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 7. Proposals on Environmental and Social Risk . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 About bcIMC bcIMC is a leading provider of investment management services to British Columbia's public sector. Our role is to generate investment returns that will help our institutional clients build a financially secure future. With our global outlook, we seek investment opportunities that will meet our clients' risk and return requirements over time. This compels us to integrate long- term environmental, social and governance matters into our investment decisions and activities. We offer investment options across a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; renewable resources; long-term strategic themes.

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