Q1 2023 Proxy Voting Report

This report summarizes proxy voting activity conducted directly by University Pension Plan Ontario (UPP). 

Voting Summary

Proposals Voted On
Votes Against Board or Management Recommendations
Votes Against Third-party Voting Vendor’s Recommendations

Glossary of Terms

Proponent: The entity that put forward the ballot item – either Management or Shareholders.

UPP Vote: How UPP voted on the proposal.

Vote Against Management and Vote Against Recommendation: Indicates if UPP voted against board or management recommendations or our third-party voting vendor’s custom recommendations for UPP.

UPP Rationale: The rationale for all votes against board or management recommendations, shareholder resolutions and votes against our third-party voting vendor’s recommendations.