Agenda items at shareholder meetings should be presented clearly, distinctly and unambiguously. AllianzGI favours voting on individual issues and will vote against bundled resolutions if we disagree with at least one component of a bundled proposal. AllianzGI in general opposes “Other Business” proposals unless there is full and clear information about the exact nature of the business to be voted on. AllianzGI believes that companies should apply high standards of disclosure and transparency. In this regards, AllianzGI shows a preference for: – At least half-year or full-year reports; – Adherence to consistent internationally accepted financial standards; – Availability of financial information and investor communication in English; – Personal accessibility and availability of top management and non-executive directors to investors; – Publication of documents on the Internet; – Mandatory presence of directors at general meetings; – Adoption of electronic voting; and – Standardisation of voting forms and confirmation of votes to investors. AllianzGI will generally oppose proposals to provide management with the authority to adjourn an annual or special meeting absent compelling reasons to support the proposal. However, AllianzGI will support proposals that relate specifically to soliciting votes for a merger or transaction if supporting that merger or transaction. Many routine proposals are operational issues of a noncontroversial nature. The list of operational issues includes, but is not limited to: – Changing date, time, or location of the annual meeting; – Amending quorum requirements; – Amending minor bylaws; – Approving financial results, director reports, and auditor reports; – Approving allocation of income; – Changing the company’s fiscal term; and – Lowering disclosure threshold for stock ownership. While these proposals are considered to be routine, they are not inconsequential. Fiduciaries remain charged with casting their votes, so these proposals must be evaluated on a case-by-case basis, taking into account shareholders’ rights and the potential economic benefits that would be derived from implementation of the proposal. General Voting Issues Contact for queries Dr Antje Stobbe Tel: +49 (0) 69 24431 2630 Email: [email protected] AllianzGI Stewardship Team Email: [email protected] Global Corporate Governance Guidelines 22