Proposal

(4) Adopt Proxy Access Right

Sponsor: Shareholder


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Votes on this proposal

CBIS Against
Florida SBA Against
Trillium Asset Management Against
Trillium Asset Management: Research A vote AGAINST this item is warranted because the proposal lacks the appropriate safeguards to ensure that the right of proxy access would be used to further investors' interests. Specifically, a loophole in the proposal language means that no holding period at all need apply to the shareholders potentially constituting the majority of an ownership group seeking to access the proxy. In addition, the right of proxy access as proposed would enable separate groups of shareholders to potentially nominate candidates representing up to 48 percent of the board.
Calvert Funds (1 vote) Did Not Vote
Calvert Social Index Fund Did Not Vote
Calvert Social Index Fund: A vote AGAINST this item is warranted because the proposal lacks the appropriate safeguards to ensure that the right of proxy access would be used to further investors' interests. Specifically, a loophole in the proposal language means that no holding period at all need apply to the shareholders potentially constituting the majority of an ownership group seeking to access the proxy. In addition, the right of proxy access as proposed would enable separate groups of shareholders to potentially nominate candidates representing up to 48 percent of the board.