Meeting documents

Pension Fund Committee
Friday, 26 November 2004

ÐÏࡱá>þÿ 7þÿÿÿþÿÿÿ6ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ |'ÍÉ@á°Áâ\pLinda Maitland B°aÀ=œ¯¼=x<X/ #8X@"·Ú1ÈÿArial1ÈÿArial1ÈÿArial1ÈÿArial1Èÿ¼Arial1Èÿ¼Arial1ðÿ¼Arial1ÈÿArial1ÿ¼Arial1ÈÿArial"£"#,##0;\-"£"#,##0"£"#,##0;[Red]\-"£"#,##0"£"#,##0.00;\-"£"#,##0.00#"£"#,##0.00;[Red]\-"£"#,##0.005*0_-"£"* #,##0_-;\-"£"* #,##0_-;_-"£"* "-"_-;_-@_-,)'_-* #,##0_-;\-* #,##0_-;_-* "-"_-;_-@_-=,8_-"£"* #,##0.00_-;\-"£"* #,##0.00_-;_-"£"* "-"??_-;_-@_-4+/_-* #,##0.00_-;\-* #,##0.00_-;_-* "-"??_-;_-@_-¤ mmm\-yyyyàõÿ À àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ àõÿ ôÀ à À à+õÿ øÀ à)õÿ øÀ à,õÿ øÀ à*õÿ øÀ à õÿ øÀ à À à À à À à À à À à  À à  À “€ÿ“€ÿ“€ÿ“€ÿ“€ÿ“€ÿ`… &BG… AB… ú%UBS… 6CombinedŒ,ÁÁ`iü× ZCompanyMeetingTypeMeeting DateSharesHeldVotedVote#Reason for non compliance with RREVAbbey NationalNotesAGM Did not vote AB say they voted 593,400 sharesAberdeen Asset ManagementEGM"Submitted vote to "take no action" AstraZenecaBalfour BeattyCRTCountrywide Assured GroupDimension Data HoldingsGlaxoSmithKlineHanson HSBC HoldingsIntercontinental Hotels AB say they voted 220,200 sharesITVKesa ElectricalsKidde Lloyds TSBMersey Docks & HarbourMFI Furniture GroupPsionRentokil Initial Reuters GroupRoyal Bank of ScotlandAB say they voted forSpirentNo reference to this proxyvote at all in BG's ReportWM Morrison Supermarkets#AB reported that they voted againstUBS report that they did vote)UBS report that they voted against res. 7BBaillie Gifford Proxy Voting Report for Quarter ended 30 June 2004?Alliance Bernstein Voting Report for Quarter ended 30 June 20046UBS Proxy Voting Report for quarter ended 30 June 2004(Abstained on resolution 1 instead of for *Voted against resolution 5 instead of for  )Voted for resolution 7 instead of against .UBS report that they voted for resolution 5(m).UBS report that they did vote for resolution 20UBS report that they voted for these resolutionsVoting Source ABN Amro MellonWilliam Morrison Supermarkets*Voted against resolution 5m instead of for ')Voted against resolution 2 instead of for &)Voted for resolution 7 instead of against "8Voted against resolutions 4.4, 4.5, 9, 10 instead of for 5)Voted for resolution 5 instead of against ")UBS report that they voted against res. 5PVoted for resolution 7 (re-election of James Wyness as a non-executive director) Mindependent because he had served on the Board for more than nine years sinceLfirst election. Mr Wyness is a member of the Board's Remuneration Committee.LRREV believed that the composition of the Committee did not comply with the ICombined Code requirement that it be comprised solely of independent non-executive directors.ERREV recommended to vote against because Mr Wyness was not considered MAbstained on resolution 1 (Accept Financial Statements and Statutory Reports) RREV recommended to vote for.6Did not vote due to custodian exercising vote too late?Did not vote due to Alliance Bernstein exercising vote too lateAlliance Bernstein Baillie Gifford UBS Global Asset ManagementJVoted against resolution 5m (Re-elect Marcus Wallenberg as Director). RREV recommendation was to vote for.MVoted against resolution 2 (Approve Remuneration Report). RREV recommendation was to vote for. OVoted for resolution 7(Approve remuneration report). RREV recommendation was to OCharles Sinclair), 9 (Approval of Restricted Share Plan) and 10 (Power to adoptPVoted against resolutions 4.4 (Elect Director Ian Strachan), 4.5 (Elect Director NVoted for resolution 5 (Approve Remuneration Report). RREV recommendation was  Nto vote against due to inadequate disclosure and an adverse policy on options. resolutions.Qadditional restricted share plans). RREV recommendation was to vote for all theseDGNvote against due to concerns about contractual rights to termination payments. 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