UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-05770
Aberdeen Chile Fund, Inc.
(Exact name of registrant as specified in charter)
1735 Market Street, 32nd Floor
Philadelphia, PA 19103
(Address of principal executive offices) (Zip code)
Lucia Sitar, Esq.
c/o Aberdeen Asset Management Inc
1735 Market Street, 32nd Floor
Philadelphia, PA 19103
(Name and address of agent for service)
Registrant’s telephone number, including area code: (866) 839-5205
Date of fiscal year end: December 31st
Date of reporting period: July 1, 2012 – June 30, 2013
Item 1. Proxy Voting Record
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2012 TO JUNE 30, 2013
|
Shares Voted |
|
Company Name |
|
Ticker |
|
CUSIP |
|
Meeting Date |
|
Meeting |
|
Ballot |
|
Shares |
|
Item |
|
Proposal |
|
Proponent |
|
Management |
|
Vote |
|
User Notes |
|
46,137,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
17-Oct-12 |
|
Special |
|
Confirmed |
|
46,137,781 |
|
1 |
|
Authorize Increase in Capital in the Amount of CLP 250 Billion via Share Issuance; Amend Article 5 to Reflect Changes in Capital; Adopt All Necessary Agreements to Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Special |
|
Confirmed |
|
37,437,781 |
|
1 |
|
Authorize Increase in Capital via Capitalization of 30 Percent of Distributable Net Income for FY 2012; Amend Articles to Reflect Changes in Capital; Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 3.42 Per Share |
|
Management |
|
For |
|
For |
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
3 |
|
Elect Director |
|
Management |
|
For |
|
Abstain |
|
We don’t have any particular issue against the quality and composition of the board of directors of the company, however the name of the candidates was not provided ahead of the meeting. |
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Current levels looks reasonable but as common practice in Chile proposed amounts are not disclosed ahead of the meeting, so we are unable to make an informed decision. |
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
5 |
|
Approve Remuneration and Budget of Directors and Audit Committee |
|
Management |
|
For |
|
Abstain |
|
Current levels looks reasonable but as common practice in Chile proposed amounts are not disclosed ahead of the meeting, so we are unable to do make informed decision. |
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
6 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
7 |
|
Present Directors and Audit Committee Report |
|
Management |
|
|
|
|
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
8 |
|
Accept Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
37,437,781 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
37,437,781 |
|
9 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
|
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Special |
|
Confirmed |
|
2,064,559 |
|
1 |
|
Authorize Increase in Capital via Capitalization of 30 Percent of Distributable Net Income for FY 2012; Amend Articles to Reflect Changes in Capital; Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 3.42 Per Share |
|
Management |
|
For |
|
For |
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
3 |
|
Elect Director |
|
Management |
|
For |
|
Abstain |
|
We don’t have any particular issue against the quality and composition of the board of directors of the company, however the name of the candidates was not provided ahead of the meeting. |
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Current levels looks reasonable but as common practice in Chile proposed amounts are not disclosed ahead of the meeting, so we are unable to make an informed decision. |
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
5 |
|
Approve Remuneration and Budget of Directors and Audit Committee |
|
Management |
|
For |
|
Abstain |
|
Current levels looks reasonable but as common practice in Chile proposed amounts are not disclosed ahead of the meeting, so we are unable to do make informed decision. |
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
6 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
7 |
|
Present Directors and Audit Committee Report |
|
Management |
|
|
|
|
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
8 |
|
Accept Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
2,064,559 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
21-Mar-13 |
|
Annual |
|
Confirmed |
|
2,064,559 |
|
9 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
|
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
1.1 |
|
Authorize Capitalization of CLP 44.06 Billion via Bonus Stock Issuance |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
1.2 |
|
Authorize Capitalization of CLP 135.63 Billion Without Bonus Stock Issuance |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
2 |
|
Approve Dividends of CLP 865 Per Share |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
2 |
|
Amend Articles to Reflect Changes in Capital |
|
Management |
|
For |
|
Abstain |
|
Amendment of the company bylaws to reflect the changes approved the items 1.1,1.2. ISS recommended investors to vote against due to the absence of disclosure of the specific amendments in the article. However, this is an administrative item in nature which looks fine to support. Will Abstain in absence of further clarification and encourage management to improve disclosure ahead of the meeting. |
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Election of board members is bundled in one item. In line with common practice in Chile names of directors were not disclosed ahead of the meeting . |
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
3 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
4 |
|
Approve Remuneration of Directors for Period Beginning April, 2013 |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
5 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
6 |
|
Elect External Auditors and Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
7 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
8 |
|
Receive 2012 Activity Report from Directors’ Committee Including Report from Advisers |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
9 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
41,450 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
02-Apr-13 |
|
Annual/ |
|
Confirmed |
|
41,450 |
|
10 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Other business item. Usual open-item for discussions that are eventually raised during the meeting. |
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
1 |
|
Approve Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 1.24 Per Share |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
3 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
4 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
5 |
|
Elect Juan Pedro Santa Maria as Alternate Director |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
6 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
7 |
|
Approve Remuneration and Budget of Directors’ Committee and Audit Committee; Receive Directors and Audit Committee’s Report |
|
Management |
|
For |
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
8 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
For |
|
|
|
198,886,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
198,886,987 |
|
9 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
Against |
|
The open nature of this proposal disenfranchises investors voting via proxy who cannot assess the impacts of discussions that may be raised at the meeting. |
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Special |
|
Confirmed |
|
1,342,582 |
|
1 |
|
Amend Articles 2, 5, 11, 32 and 34 of Bylaws |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Special |
|
Confirmed |
|
1,342,582 |
|
2 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditor Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 54.29 per Serie A Share and CLP 27 per Serie B Share |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
ISS recommended a vote Against on the basis that the company failed to disclose the name of the candidates ahead of the meeting. The CFO replied our e-mail saying that the names will only be known at the meeting. Given that the disclosure is not a requirement under Chilean regulation will Abstain and keep engaging in the company for a higher level of disclosure going forward. |
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Similar to the previous item and in line with market practices the amounts proposed for 2013 were not disclosed ahead of the meeting so we are unable to support. Management replied our e-mail stating that the level of remuneration can be analysed on the FY12 reports and no meaningful increase is expected. However the actual amounts will only be known at the AGM. |
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
5 |
|
Approve External Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
6 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
8 |
|
Approve Future Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
9 |
|
Approve Remuneration and Budget of Director’s Committee |
|
Management |
|
For |
|
Abstain |
|
Similar to item 3 and in line with market practices the amounts proposed for 2013 were not disclosed ahead of the meeting so we are unable to support. Management replied our e-mail stating that the level of remuneration can be analysed on the FY12 reports and no meaningful increase is expected. However the actual amounts will only be known at the AGM. |
|
1,342,582 |
|
Coca Cola Embonor SA |
|
EMBONOR-B |
|
P3698K133 |
|
19-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,582 |
|
10 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Due to the open nature of the item we are unable to assess the impact of matters discussed at the meeting. |
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
1 |
|
Accept Chairman’s Report |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
2 |
|
Accept Financial Statements and Statutory Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
3 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
4 |
|
Approve Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
5 |
|
Elect Directors |
|
Management |
|
For |
|
Against |
|
Following the death of the Chairman Guilhermo Luksic, the company is submitting to shareholders a approval the renewal of the entire board. Although we do not have any particular issue against the current board, the company failed to disclose the name of the candidates ahead of the meeting which disenfranchises investors voting via proxy. |
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
6 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Approve remuneration of BOD and budget for board and audit committee. As usual in Chile amounts proposed where not disclosed ahead of the meeting, so although we do not have any particular concern we are unable to assess the impact of the proposal. Have e-mailed IR asking further clarification and will amend instruction if needed. |
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
7 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
Approve remuneration of BOD and budget for board and audit committee. As usual in Chile amounts proposed where not disclosed ahead of the meeting, so although we do not have any particular concern we are unable to assess the impact of the proposal. Have e-mailed IR asking further clarification and will amend instruction if needed. |
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
8 |
|
Approve Remuneration and Budget of Audit Committee |
|
Management |
|
For |
|
Abstain |
|
Approve remuneration of BOD and budget for board and audit committee. As usual in Chile amounts proposed where not disclosed ahead of the meeting, so although we do not have any particular concern we are unable to assess the impact of the proposal. Have e-mailed IR asking further clarification and will amend instruction if needed. |
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
9 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
10 |
|
Accept Directors’ Committee Report |
|
Management |
|
For |
|
For |
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
11 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
411,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
10-Apr-13 |
|
Annual |
|
Confirmed |
|
411,283 |
|
12 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
1 |
|
Approve Increase in Capital in the Amount of CLP 340 Billion via Shares Issuance with Preemptive Rights |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
2 |
|
Authorize a New Class of Common Stock |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
3 |
|
Amend Article 5 to Reflect Changes in Capital |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
4 |
|
Authorize Board to Take any Necessary Steps to Carry Out Issuance and Placement of Shares |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
5 |
|
Receive Report on Expenses of Issuance and Placement of Shares in Connection with Capital Increase |
|
Management |
|
|
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
6 |
|
Adopt All Necessary Agreements to Implement Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas SA |
|
CCU |
|
P24905104 |
|
18-Jun-13 |
|
Special |
|
Confirmed |
|
387,283 |
|
7 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
3 |
|
Approve Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
4 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Bundled election |
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
5 |
|
Approve Remuneration of Directors, Directors’ Committee and Audit Committee Members |
|
Management |
|
For |
|
Abstain |
|
Chilean companies are not required to disclose the amounts that are being proposed ahead of the meeting. However, although we don’t have any particular concern with remuneration levels, we are unable to assess the impact from the proposal. Worth abstaining and encourage the company to enhance disclosure. |
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
6 |
|
Elect External Auditors for Fiscal Year 2013 |
|
Management |
|
For |
|
Abstain |
|
The company did not provide disclosure of fees ahead of the meeting, so we should keep encouraging the company to enhance disclosure. |
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
7 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
Abstain |
|
Chilean companies are not required to disclose the amounts that are being proposed ahead of the meeting. However, although we don’t have any particular concern with remuneration levels, we are unable to assess the impact from the proposal. Worth abstaining and encourage the company to enhance disclosure. |
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
8 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
9 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,342,161 |
|
Embotelladora Andina SA |
|
ANDINA-B |
|
P3697S103 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
1,342,161 |
|
10 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
The open nature of this proposal disenfranchises investors voting via proxy who cannot assess the impacts of discussions that may be raised at the meeting. |
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
1 |
|
Accept Annual Report, Financial Statements and Reports of External Auditors and Auditors for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
2 |
|
Approve Allocation of Income and Distribution of Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
3 |
|
Present Dividend Policy and Distribution Procedures |
|
Management |
|
|
|
|
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
5 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
6 |
|
Approve Remuneration and Budget of Directors’ Committee for 2103 |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
7 |
|
Present Report of Directors’ Committee |
|
Management |
|
|
|
|
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
8 |
|
Elect External Auditor |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
9 |
|
Elect Two Auditors and their Respective Alternates; Approve their Remuneration |
|
Management |
|
For |
|
For |
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
10 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,850,000 |
|
Empresa Nacional de Electricidad SA Endesa |
|
ENDESA |
|
P3710M109 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,850,000 |
|
11 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
1 |
|
Accept Annual Report, Financial Statements and Statutory Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
2 |
|
Approve Final Dividends |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
3 |
|
Accept Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
5 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
6 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
7 |
|
Elect External Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
8 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
9 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
10 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones SA ENTEL |
|
ENTEL |
|
P37115105 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
203,000 |
|
11 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
24-Jan-13 |
|
Special |
|
Confirmed |
|
3,648,130 |
|
1 |
|
Approve Increase in Capital Up to a Maximum of $ 750 Million |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
24-Jan-13 |
|
Special |
|
Confirmed |
|
3,648,130 |
|
2 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
1 |
|
Approve Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 6 Per Share |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
3 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
4 |
|
Elect External Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
5 |
|
Approve Remuneration of Directors; Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
Amounts proposed were not disclosed ahead of the meeting. ISS recommends investors vote FOR on the basis that disclosure is not a requirement and the current level of remuneration is reasonable, however we have encouraged companies to enhance the level of disclosure so will ABSTAIN and express to the management our view. |
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
6 |
|
Approve Policy and Procedures on Dividend and Allocation of Income |
|
Management |
|
For |
|
For |
|
|
|
3,648,130 |
|
Empresas CMPC SA |
|
CMPC |
|
P3712V107 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
3,648,130 |
|
7 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
1 |
|
Accept Financial Statements and Statutory Reports for Fiscal Year 2012; Present Current Company Standing Report |
|
Management |
|
For |
|
For |
|
|
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
2 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Amounts proposed for 2013 were not disclosed ahead of the meeting. Although this is not a requirement under Chilean regulation we have seen other companies adopting this so worth encouraging them to follow the same route. |
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
4 |
|
Approve Remuneration and Budget of Directors’ Committee; Present Report on Directors’ Committee Expenses and Activities |
|
Management |
|
For |
|
Abstain |
|
Amounts proposed for 2013 were not disclosed ahead of the meeting. Although this is not a requirement under Chilean regulation we have seen other companies adopting this so worth encouraging them to follow the same route. |
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
5 |
|
Elect External Auditor and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,021,889 |
|
Empresas Copec SA |
|
COPEC |
|
P7847L108 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,021,889 |
|
6 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Open item in the agenda, which doesn’t allow investors voting via proxy to assess the impact of discussions that may be raised during the meeting. |
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
1 |
|
Approve Transaction with Related Party |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
2 |
|
Approve Increase in Capital via Share Issuance |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
3 |
|
Approve Non-Monetary Contributions that May Be Capitalized in Connection with Company’s Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
4 |
|
Authorize Board to Set Issue Price in Connection with Company’s Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
5 |
|
Approve Share Subscription Offer to be Made in the First Instance Within Preemptive Subscription Period and the Remaining Shares not Subscribed Within that Period to be Offered in a Remaining Subscription Period |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
6 |
|
Approve that All Share Subscription Contracts are Subject to Fulfillment of a Conditional Clause |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
7 |
|
Approve Use of Funds Raised from Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
8 |
|
Amend Article 5 and Transitory Article 2 to Reflect Changes in Capital |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
9 |
|
Adopt All Necessary Agreements to Implement Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
10 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
11 |
|
Ratify Third Risk Assessment Company |
|
Management |
|
For |
|
For |
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
12.1 |
|
Request from Public Company Accounting Oversight Board (PCAOB) to Company’s External Auditors, Ernst & Young |
|
Management |
|
|
|
|
|
|
|
33,200,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
20-Dec-12 |
|
Special |
|
Confirmed |
|
33,200,000 |
|
12.2 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
1 |
|
Accept Annual Report, Financial Statements, and Reports of External Auditors and Auditors for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
2 |
|
Approve Allocation of Income and Distribution of Dividends |
|
Management |
|
For |
|
For |
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Bundled election. |
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Past amount is reasonable, but no disclosure is given with regards to 2013 budget which is not a requirement in Chile. |
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
5 |
|
Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2013 |
|
Management |
|
For |
|
Abstain |
|
Past amount is reasonable, but no disclosure is given with regards to 2013 budget which is not a requirement in Chile. |
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
6 |
|
Present Information on Board Reports on Board Expenses, Annual Management, Expenditures and Activities of the Directors’ Committee |
|
Management |
|
|
|
|
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
7 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
8 |
|
Elect Two Auditors and their Respective Alternates; Approve Their Remuneration |
|
Management |
|
For |
|
Abstain |
|
No disclosure was given with regards to the names of candidates and expected remuneration. |
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
9 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
10 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
11 |
|
Present Information on Dividend Policy and Procedures for Dividend Distribution |
|
Management |
|
|
|
|
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
12 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
13 |
|
Present Report Re: Processing, Printing, and Mailing Information Required by Chilean Law |
|
Management |
|
|
|
|
|
|
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
14 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
32,441,000 |
|
Enersis SA |
|
ENERSIS |
|
P37186106 |
|
16-Apr-13 |
|
Annual |
|
Confirmed |
|
32,441,000 |
|
15 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
1 |
|
Accept External Auditor’s Reports, Annual Report and Financial Statements for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
3 |
|
Approve Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
4 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
5 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
6 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
7 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
8 |
|
Present Board’s Expense Report |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
9 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
10 |
|
Present Report on Activities Carried Out and Expenses Incurred by Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
11 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,442,500 |
|
Inversiones Aguas Metropolitanas SA |
|
IAM |
|
P58595102 |
|
24-Apr-13 |
|
Annual |
|
Confirmed |
|
1,442,500 |
|
12 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Common practice in Chile, in which any topic can be discussed, so we tend to vote against as we can not assess the impact from proposals that may be raised during the meeting. |
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
1 |
|
Revoke Board of Directors |
|
Management |
|
For |
|
For |
|
|
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
2 |
|
Elect Directors |
|
Management |
|
For |
|
For |
|
|
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
3 |
|
Authorize Allocation of 7.44 Million Shares with Preemptive Rights |
|
Management |
|
For |
|
For |
|
|
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
4 |
|
Authorize Board to Determine Issue Price and Conditions of 7.44 Million Shares |
|
Management |
|
For |
|
For |
|
|
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
5 |
|
Authorize Board to Determine Issue Price of 4.8 Million Shares for Stock Option Plan |
|
Management |
|
For |
|
Abstain |
|
The company asks approval to set the price of the stock option program approved in Dec. 2011 or delegate to the board this task. ISS recommended to vote against. The mgmt of the company provided more information by e-mail with regards to the proposed features of the plan. Vesting period/ dilution and methodology of price setting (with no discount) looks reasonable. However the freedom to set the final price and details of the plan by the board with no clear parameters / limits still doesn’t seem ideal and disable us from accessing the final impact from the decision. |
|
230,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
04-Sep-12 |
|
Special |
|
Confirmed |
|
230,500 |
|
6 |
|
Adopt All Necessary Agreements to Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
11-Jun-13 |
|
Special |
|
Confirmed |
|
182,500 |
|
1 |
|
Approve Increase in Capital in the Amount of USD 1 Billion via Share Issuance; Approve Assignment of Portion of Increase in Capital for Compensation Plan; Amend Bylaws Accordingly |
|
Management |
|
For |
|
Abstain |
|
Although we are supportive of the capital increase, the company has bundled two important matters into a single voting item and it has not disclosed the features of the plan for which part of the shares will be allocated. |
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
11-Jun-13 |
|
Special |
|
Confirmed |
|
182,500 |
|
2 |
|
Set Placement Price of 4.8 Million Shares Allocated to Compensation Plans; Adopt All Necessary Resolutions In Order To Implement Decisions and Bylaws Amendments Adopted by Meeting |
|
Management |
|
For |
|
Against |
|
The company has not disclosed the proposed exercise price for these shares and also according to ISS interpretations this plan allows for the repricing of options which isn’t in line with best CG practices. |
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
1 |
|
Approve Financial Statements and Statutory Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
2 |
|
Approve Dividends |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Chilean companies are not required to disclosure the remuneration prior to the meeting, but abstention should the most appropriate alternative once we will not be aware of the proposed amount. |
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
4 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
Chilean companies are not required to disclosure the remuneration prior to the meeting, but abstention should the most appropriate alternative once we will not be aware of the proposed amount. |
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
5 |
|
Approve External Auditors, Designate Risk-Assessment Companies; Present Special Auditors’ Report Regarding Related-Party |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
6 |
|
Present Report Re: Processing, Printing, and Mailing Information Required by Chilean Law |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
182,500 |
|
LATAM Airlines Group SA |
|
LAN |
|
P61894104 |
|
29-Apr-13 |
|
Annual |
|
Confirmed |
|
182,500 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Common practice in Chile, in which any topic can be discussed, so we tend to vote against as we can not assess the impact from proposals that may be raised during the meeting. |
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
1 |
|
Accept Financial Statements and Statutory Reports for Fiscal Year 2012; Receive External Auditor’s Report |
|
Management |
|
For |
|
For |
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
2 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Bundled resolution. ISS recommended investors to go against as names were not disclosed ahead of the meeting, however the company did provide the names of the candidates appointed by minorities. |
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
3 |
|
Approve Remuneration of Directors for Fiscal Year 2013 and Accept Expense Report of Board of Directors for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
Although disclosure of proposal ahead of the meeting is not required under Chilean regulation we saw other companies providing such information so worth Abstaining and encourage the company to enhance disclosure. |
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
4 |
|
Present Report Re: Directors’ Committee Activities and Expenses; Fix Their Remuneration and Budget |
|
Management |
|
|
|
|
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
5 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
6 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
7 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
8 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
9 |
|
Approve Allocation of Income and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
2,271,000 |
|
Parque Arauco SA |
|
PARAUCO |
|
P76328106 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
2,271,000 |
|
10 |
|
Other Business (Voting) |
|
Management |
|
For |
|
For |
|
The open nature of this proposal disenfranchises investors voting via proxy who cannot assess the impacts of discussions that may be raised at the meeting. |
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
1 |
|
Approve Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
2 |
|
Approve Allocation of Income |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
3 |
|
Approve Dividends Policy |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
5 |
|
Elect External Auditors and Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
6 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
7 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
8 |
|
Approve Remuneration and Budget of Directors’ Committee; Receive Directors Committee’s Report |
|
Management |
|
For |
|
For |
|
|
|
1,237,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
30-Apr-13 |
|
Annual |
|
Confirmed |
|
1,237,083 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Due to the open nature of the item we are unable to assess the impact of matters discussed at the meeting. |
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
1 |
|
Accept Annual Report, Financial Statements, Internal Statutory Auditors’ Report and External Auditors’ Reports, and Statutory Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
2 |
|
Elect External Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
Abstain |
|
The board proposes PWC as the preferred option followed by Deloitte and KPMG. The company provided full disclosure of the proposal including audit fees which looks reasonable, but involvement of PWC on LaPolar event and subsequent investigations raises concerns with regards to the quality of the auditing process. |
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
3 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
5 |
|
Approve Allocation of Income and Dividends, and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
6 |
|
Receive Report on Board’s Expenses |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
7 |
|
Elect Directors and Fix Their Remuneration |
|
Management |
|
For |
|
Abstain |
|
Bundled resolution and names of the candidates were not publicly disclosed ahead of the meeting as usual in Chile. However, the company provided full disclosure on proposed remuneration and we don’t have any particular issue against the current board so will abstain and encourage the company to unbundle the proposal going forward. |
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
8 |
|
Receive Issues Related to Directors’ and Audit Committees |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
125,500 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Due to the open nature of the item we are unable to assess the impact of matters discussed at the meeting. |
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
1 |
|
Accept Annual Report, Financial Statements, Internal Statutory Auditors’ Report and External Auditors’ Reports, and Statutory Reports for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
2 |
|
Elect External Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
Abstain |
|
The board proposes PWC as the preferred option followed by Deloitte and KPMG. The company provided full disclosure of the proposal including audit fees which look reasonable, but given the involvement of PWC on the LaPolar case we will Abstain and ask further clarification from management on rationale. |
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
3 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
5 |
|
Approve Allocation of Income and Dividends, and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
6 |
|
Receive Report on Board’s Expenses |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
7 |
|
Elect Directors and Fix Their Remuneration |
|
Management |
|
For |
|
Abstain |
|
Bundled resolution and names of the candidates were not publicly disclosed ahead of the meeting as usual in Chile. However, the company provided full disclosure on proposed remuneration and we don’t have any particular issue against the current board so will abstain and encourage the company to unbundle the proposal going forward. |
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
8 |
|
Receive Issues Related to Directors’ and Audit Committees |
|
Management |
|
For |
|
For |
|
|
|
115,650 |
|
Sociedad Quimica y Minera de Chile SA SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-13 |
|
Annual |
|
Confirmed |
|
115,650 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Due to the open nature of the item we are unable to assess the impact of matters discussed at the meeting. |
|
2,078,000 |
|
SONDA S.A. |
|
SONDA |
|
P87262104 |
|
30-Aug-12 |
|
Special |
|
Confirmed |
|
2,078,000 |
|
1 |
|
Authorize Increase in Capital in the Amount of CLP 150 Billion via Share Issuance or Amount Approved by General Meeting |
|
Management |
|
For |
|
For |
|
|
|
2,078,000 |
|
SONDA S.A. |
|
SONDA |
|
P87262104 |
|
30-Aug-12 |
|
Special |
|
Confirmed |
|
2,078,000 |
|
2 |
|
Amend Articles to Reflect Changes in Capital |
|
Management |
|
For |
|
For |
|
|
|
2,078,000 |
|
SONDA S.A. |
|
SONDA |
|
P87262104 |
|
30-Aug-12 |
|
Special |
|
Confirmed |
|
2,078,000 |
|
3 |
|
Adopt All Necessary Agreements to Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
2 |
|
Approve Allocation of Income, Dividends and Future Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
3 |
|
Approve Remuneration of Directors; Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
As usual in Chile disclosure of amounts was not provided ahead of the meeting, so we are unable to assess the impacts of the proposal. |
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
4 |
|
Present Report of Directors’ Committee Activities and Expenses |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
5 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
6 |
|
Elect External Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
SONDA SA |
|
SONDA |
|
P87262104 |
|
15-Apr-13 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information at time of voting. |
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
1 |
|
Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2012 |
|
Management |
|
For |
|
For |
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
3 |
|
Elect External Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
Abstain |
|
No information was released on this topic. |
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
5 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
6 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
7 |
|
Receive Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
2,847,000 |
|
Vina Concha y Toro SA |
|
CONCHATORO |
|
P9796J100 |
|
23-Apr-13 |
|
Annual |
|
Confirmed |
|
2,847,000 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Standard item in Chile, in which new voting items can be raised during the meeting. |
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant: Aberdeen Chile Fund, Inc.
|
By (Signature and Title)* |
/s/ Christian Pittard |
|
|
|
Christian Pittard |
|
|
|
President |
|
|
|
|
|
|
|
|
|
|
Date: August 22, 2013 |
|
|