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, 2013 – June 30, 2014
Item 1. Proxy Voting Record
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2013 TO JUNE 30, 2014
|
Shares |
|
Company Name |
|
Ticker |
|
Primary |
|
Meeting |
|
Meeting |
|
Ballot |
|
Votable |
|
Proposal |
|
Proposal Text |
|
Proponent |
|
Management |
|
Vote |
|
Voter Rationale |
|
1,106,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
27-Aug-13 |
|
Special |
|
Confirmed |
|
1,106,083 |
|
1 |
|
Authorize Share Repurchase Program in Accordance with Article 27 of Law No. 18.046 for Compensation Plan |
|
Management |
|
For |
|
Against |
|
The company is submitting to shareholders approval a buy back program of up to 18m shares (0.75 percent of total shares) which is expected to be used to a new stock option plan. Although the amount involved in the buyback is limited, no further information was provided with regards to the features of the stock option plan mentioned. The IR contacted us by telephone stating that they were unable to provide additional information in advance as the details will be at the board discretion. It was also not clear if the stock option plan will be subject to a separate EGM in the future so the proposal has also bundled characteristics, which prevents us from supporting. |
|
1,106,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
27-Aug-13 |
|
Special |
|
Confirmed |
|
1,106,083 |
|
2 |
|
Set Aggregate Nominal Amount, Objective and Duration of Share Repurchase Program |
|
Management |
|
For |
|
Against |
|
The company is submitting to shareholders approval a buy back program of up to 18m shares (0.75 percent of total shares) which is expected to be used to a new stock option plan. Although the amount involved in the buyback is limited, no further information was provided with regards to the features of the stock option plan mentioned. The IR contacted us by telephone stating that they were unable to provide additional information in advance as the details will be at the board discretion. It was also not clear if the stock option plan will be subject to a separate EGM in the future so the proposal has also bundled characteristics, which prevents us from supporting. |
|
1,106,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
27-Aug-13 |
|
Special |
|
Confirmed |
|
1,106,083 |
|
3 |
|
Authorize Board to Set Price of Shares Repurchase Program |
|
Management |
|
For |
|
Against |
|
The company is submitting to shareholders approval a buy back program of up to 18m shares (0.75 percent of total shares) which is expected to be used to a new stock option plan. Although the amount involved in the buyback is limited, no further information was provided with regards to the features of the stock option plan mentioned. The IR contacted us by telephone stating that they were unable to provide additional information in advance as the details will be at the board discretion. It was also not clear if the stock option plan will be subject to a separate EGM in the future so the proposal has also bundled characteristics, which prevents us from supporting. |
|
1,106,083 |
|
SACI Falabella |
|
FALABELLA |
|
P3880F108 |
|
27-Aug-13 |
|
Special |
|
Confirmed |
|
1,106,083 |
|
4 |
|
Adopt All Necessary Agreements to Execute Approved Resolutions |
|
Management |
|
For |
|
Against |
|
The company is submitting to shareholders approval a buy back program of up to 18m shares (0.75 percent of total shares) which is expected to be used to a new stock option plan. Although the amount involved in the buyback is limited, no further information was provided with regards to the features of the stock option plan mentioned. The IR contacted us by telephone stating that they were unable to provide additional information in advance as the details will be at the board discretion. It was also not clear if the stock option plan will be subject to a separate EGM in the future so the proposal has also bundled characteristics, which prevents us from supporting. |
|
41,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
26-Sep-13 |
|
Special |
|
Confirmed |
|
41,967 |
|
1 |
|
Authorize Increase in Capital via Share Issuance in the Amount of $ 400 Million |
|
Management |
|
For |
|
For |
|
|
|
41,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
26-Sep-13 |
|
Special |
|
Confirmed |
|
41,967 |
|
2 |
|
Approve Allocation of 10 Percent of Capital Increase for Compensation Plan |
|
Management |
|
For |
|
Against |
|
The company have failed to provide any information regarding the proposed share based compensation plan, thereby not allowing us to make an informed decision on whether to support it or not. |
|
41,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
26-Sep-13 |
|
Special |
|
Confirmed |
|
41,967 |
|
3 |
|
Approve Registration of Capital Increase Shares in Chilean Superintendency of Banks and Financial Institutions |
|
Management |
|
For |
|
For |
|
|
|
41,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
26-Sep-13 |
|
Special |
|
Confirmed |
|
41,967 |
|
4 |
|
Amend Articles to Reflect Changes in Capital |
|
Management |
|
For |
|
Against |
|
Although this is likely a straightforward change related to the capital increase, we cannot support the proposed amendment of a bylaw if we don’t know what the content of the new article is. |
|
41,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
26-Sep-13 |
|
Special |
|
Confirmed |
|
41,967 |
|
5 |
|
Authorize Board to Ratify and Execute Approved Resolutions on Changes in Company Bylaws |
|
Management |
|
For |
|
Abstain |
|
We will abstain from authorizing the board to ratify and execute approved resolutions on changes in bylaws since we did not support two of the items in the agenda. |
|
2,599,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
23-Oct-13 |
|
Special |
|
Confirmed |
|
2,599,000 |
|
a |
|
Authorize Increase in Capital via Share Issuance in the Amount of CLP 115 Billion |
|
Management |
|
For |
|
For |
|
|
|
2,599,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
23-Oct-13 |
|
Special |
|
Confirmed |
|
2,599,000 |
|
b |
|
Approve Allocation of 10 Percent of Capital Increase for Compensation Plan |
|
Management |
|
For |
|
Against |
|
Mgmt failed to provide the details regarding the key features of the stock-option plan, and proposal gives discretion to the board, so we are unable to assess the characteristics of the stock-option plan ahead of the EGM. IR provided additional information by e-mail but still insufficient to change conclusion. |
|
2,599,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
23-Oct-13 |
|
Special |
|
Confirmed |
|
2,599,000 |
|
c |
|
Amend Articles to Reflect Changes in Capital |
|
Management |
|
For |
|
Against |
|
Mgmt failed to disclose the proposed amendments ahead of the meeting. |
|
2,599,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
23-Oct-13 |
|
Special |
|
Confirmed |
|
2,599,000 |
|
d |
|
Approve Subscription of Shares in Connection with Company’s Capital Increase |
|
Management |
|
For |
|
For |
|
|
|
2,599,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
23-Oct-13 |
|
Special |
|
Confirmed |
|
2,599,000 |
|
e |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
175,449,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
5-Dec-13 |
|
Special |
|
Confirmed |
|
175,449,987 |
|
1 |
|
Approve Offer by Banco Santander SA to Acquire Shares of Company Subsidiary Santander Asset Management SA Administradora General de Fondos (SAM); Approve Service Contract between Company and SAM |
|
Management |
|
For |
|
For |
|
|
|
175,449,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
5-Dec-13 |
|
Special |
|
Confirmed |
|
175,449,987 |
|
2 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
175,449,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
5-Dec-13 |
|
Special |
|
Confirmed |
|
175,449,987 |
|
3 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 1,260 Per Share |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
4 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
5 |
|
Appoint Auditors and Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
6 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
7 |
|
Receive 2013 Activity Report from Directors’ Committee Including Report from Advisers |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
8 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Annual |
|
Confirmed |
|
34,967 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Companies in Chile are required to include an open item on the agenda for matters that may be raised during the meeting by shareholders. We are not able to assess the impact of decisions ahead of the meeting so best action is to vote against. |
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
1.1 |
|
Authorize Capitalization of CLP 45.04 Billion via Bonus Stock Issuance |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
1.2 |
|
Authorize Capitalization of Reserve Without Bonus Stock Issuance |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
2 |
|
Amend Articles to Reflect Changes in Capital |
|
Management |
|
For |
|
Abstain |
|
ISS recommended a vote against but changes proposed are mostly administrative to reflect the new share count so seems ok to support. |
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
3 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
4 |
|
Approve Extension for Registration of Capital Increase Shares in Chilean Superintendency of Banks and Financial Institutions as Approved on EGM on Sep. 26, 2013 |
|
Management |
|
For |
|
For |
|
|
|
34,967 |
|
Banco de Credito e Inversiones (BCI) |
|
BCI |
|
P32133111 |
|
25-Mar-14 |
|
Special |
|
Confirmed |
|
34,967 |
|
5 |
|
Modify Terms Established by Previous EGM Re: Subscription of Shares Reserved for Compensation Plans |
|
Management |
|
For |
|
Against |
|
No disclosure was made with regards to the changes or the features of the stock option plan so we cannot make an informed decision. |
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 3.48 Per Share |
|
Management |
|
For |
|
For |
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Names of the candidates were not disclosed ahead of the meeting and as standard in Chile the resolution is bundled. Having emailed the IR asking further information but according to the law candidates can be proposed until a few days prior to the meeting so no information available yet. |
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Although amounts paid in 2013 are reasonable and there is no concern with current levels the absence of disclosure ahead of the meeting prevents us from making an informed decision. |
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
5 |
|
Approve Remuneration and Budget of Directors and Audit Committee |
|
Management |
|
For |
|
Abstain |
|
Although amounts paid in 2013 are reasonable and there is no concern with current levels the absence of disclosure ahead of the meeting prevents us from making an informed decision. |
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
6 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
7 |
|
Present Directors and Audit Committee’s Report |
|
Management |
|
|
|
|
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
8 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Annual |
|
Confirmed |
|
35,389,948 |
|
9 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
|
|
|
|
35,389,948 |
|
Banco de Chile |
|
CHILE |
|
P0939W108 |
|
27-Mar-14 |
|
Special |
|
Confirmed |
|
35,389,948 |
|
1 |
|
Authorize Increase in Capital via Capitalization of 30 Percent of Distributable Net Income for FY 2013; Amend Articles to Reflect Changes in Capital; Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
1 |
|
Present Chairman’s Report |
|
Management |
|
|
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
2 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
3 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
4 |
|
Approve Dividend Policy |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
5 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
6 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
7 |
|
Approve Remuneration and Budget of Audit Committee |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
8 |
|
Appoint Auditors |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
9 |
|
Present Directors’ Committee Report on Activities |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
10 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
|
|
|
|
387,283 |
|
Compania Cervecerias Unidas S.A. |
|
CCU |
|
P24905104 |
|
9-Apr-14 |
|
Annual |
|
Sent |
|
387,283 |
|
11 |
|
Other Business (Voting) |
|
Management |
|
For |
|
|
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
2 |
|
Approve Allocation of Income |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
3 |
|
Approve Remuneration of Directors for Fiscal Year 2014; Present Report on Board’s Expenses for Fiscal Year 2013 |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
4 |
|
Approve Remuneration of Directors’ Committee for Fiscal Year 2014; Present Report on Directors’ Committee Expenses and Activities for Fiscal Year 2013 |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
5 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
6 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
8 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
184,000 |
|
Forus S.A. |
|
FORUS |
|
P4371J104 |
|
16-Apr-14 |
|
Annual |
|
Confirmed |
|
184,000 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
3 |
|
Present Dividend Policy |
|
Management |
|
|
|
|
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
4 |
|
Approve Remuneration of Directors, Directors’ Committee and Audit Committee Members |
|
Management |
|
For |
|
For |
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
5 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
6 |
|
Inform Designation of Fitch Ratings and ICR Humphreys as Risk Assessment Companies |
|
Management |
|
|
|
|
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
7 |
|
Present Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
8 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,276,161 |
|
Embotelladora Andina S.A. |
|
ANDINA-B |
|
P3697S103 |
|
21-Apr-14 |
|
Annual |
|
Confirmed |
|
1,276,161 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
We are not able to assess the impact of decisions that may be taken during the meeting so safer stance is to vote against. |
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 1.41 Per Share |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
3 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
4 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.1 |
|
Reelect Mauricio LarraÃ-n as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.2 |
|
Reelect Carlos Olivos as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.3 |
|
Reelect Oscar von Chrismar as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.4 |
|
Reelect Vittorio Corbo as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.5 |
|
Reelect VÃ-ctor Arbulú as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.6 |
|
Reelect Marco Colodro as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.7 |
|
Reelect Roberto Méndez as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.8 |
|
Reelect LucÃ-a Santa Cruz as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.9 |
|
Reelect Lisandro Serrano as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.10 |
|
Reelect Roberto Zahler as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.11 |
|
Reelect Juan Pedro Santa MarÃ-a as Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
5.12 |
|
Elect Alfredo Ergas as Director |
|
Share Holder |
|
None |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
6 |
|
Elect Raimundo Monge as Alternate Director |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
7 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
8 |
|
Approve Remuneration and Budget of Directors’ Committee and Audit Committee; Receive Directors and Audit Committee’s Report |
|
Management |
|
For |
|
For |
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
9 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
157,216,987 |
|
Banco Santander Chile |
|
BSANTANDER |
|
P1506A107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
157,216,987 |
|
10 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
|
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 48.57 per Serie A Share and CLP 51 per Serie B Share |
|
Management |
|
For |
|
For |
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Although we do not have any particular concern with remuneration level management failed to disclose the amounts that are expected to be proposed at the AGM. We have encouraged the companies to increase the level of disclosure ahead of the meeting so keeping a consistent approach. |
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
4 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
5 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
6 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
7 |
|
Present Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
8 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
Although we do not have any particular concern with remuneration level management failed to disclose the amounts that are expected to be proposed at the AGM. We have encouraged the companies to increase the level of disclosure ahead of the meeting so keeping a consistent approach. |
|
1,343,011 |
|
Coca-Cola Embonor S.A. |
|
EMBONOR-B |
|
P3698K133 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,343,011 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Usual open item of the agenda for matters which may be raised at the meeting. Given the open nature of the proposal we are unable to assess the impacts of the decision ahead of the meeting so safer to go Against. |
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
In line with market practice in Chile no disclosure was made on proposals for remuneration. We have engaged with the company asking further details but IR failed to inform the amounts that will be taken to shareholder approval. ISS recommended investors to vote for on the basis of the reasonable amount and absence of concerns over pay level, but we should encourage the companies to increase the level of disclosure ahead of the meeting. |
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
4 |
|
Approve Remuneration of Directors’ Committee and Approve their 2014 Budget |
|
Management |
|
For |
|
Abstain |
|
In line with market practice in Chile no disclosure was made on proposals for remuneration. We have engaged with the company asking further details but IR failed to inform the amounts that will be taken to shareholder approval. ISS recommended investors to vote for on the basis of the reasonable amount and absence of concerns over pay level, but we should encourage the companies to increase the level of disclosure ahead of the meeting. |
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
5 |
|
Present Board’s Report on Expenses; Present Directors’ Committee Report on Activities and Expenses |
|
Management |
|
|
|
|
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
6 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
7 |
|
Elect Two Auditors and their Respective Alternates; Approve their Remuneration |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
8 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
9 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
10 |
|
Present Dividend Policy and Distribution Procedures |
|
Management |
|
|
|
|
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
11 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
12 |
|
Present Report on Processing, Printing, and Mailing Information Required by Chilean Law |
|
Management |
|
|
|
|
|
|
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
13 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
This is an open item of the agenda as per Chilean regulation so we are not able to assess the impact of proposals. |
|
1,767,000 |
|
Empresa Nacional de Electricidad S.A. Endesa |
|
ENDESA |
|
P3710M109 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
1,767,000 |
|
14 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 5 Per Share |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
4 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
5 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
6 |
|
Approve Remuneration of Directors; Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
7 |
|
Approve Dividend Policy and Distribution Procedures |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
3,362,130 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Special |
|
Confirmed |
|
3,362,130 |
|
1 |
|
Approve Increase in Capital Up to a Maximum of $250 Million via Share Issuance |
|
Management |
|
For |
|
For |
|
|
|
3,362,130 |
|
Empresas CMPC S.A. |
|
CMPC |
|
P3712V107 |
|
22-Apr-14 |
|
Special |
|
Confirmed |
|
3,362,130 |
|
2 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
2 |
|
Approve Remuneration of Directors for Fiscal Year 2014 and Accept Expense Report of Board of Directors for Fiscal Year 2013 |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
3 |
|
Present Report Re: Directors’ Committee Activities and Expenses; Fix Their Remuneration and Budget |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
4 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
5 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
6 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
8 |
|
Approve Allocation of Income and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Annual |
|
Confirmed |
|
2,333,000 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Standard open item of the agenda as required under Chilean regulation. We are not able to assess the impact of decisions that may be taken during the meeting so safer stance is to vote against. |
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Special |
|
Confirmed |
|
2,333,000 |
|
1 |
|
Approve Any Modification to Share Capital |
|
Management |
|
For |
|
For |
|
|
|
2,333,000 |
|
Parque Arauco S.A. |
|
PARAUCO |
|
P76328106 |
|
22-Apr-14 |
|
Special |
|
Confirmed |
|
2,333,000 |
|
2 |
|
Amend Bylaws; Adopt All Necessary Agreements to Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
2 |
|
Elect Directors |
|
Management |
|
For |
|
Against |
|
The name of the candidates were not disclosed and the resolution is bundled. Although the disclosure of names ahead of a meeting is not a requirement in Chile, we have seen many companies disclosing the names and should encourage others to follow the same practice. We have contacted IR asking for disclosure of the names ahead of the meeting but have had no response yet. |
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
3 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
Although we do not have any particular concerns with regards to remuneration level, management failed to disclose the amounts proposed ahead of the meeting. |
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
5 |
|
Approve Remuneration and Budget of Directors’ Committee; Present Report on Directors’ Committee Expenses and Activities |
|
Management |
|
For |
|
Abstain |
|
Although we do not have any particular concerns with regards to remuneration level, management failed to disclose the amounts proposed ahead of the meeting. |
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
6 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
638,889 |
|
Empresas Copec S.A. |
|
COPEC |
|
P7847L108 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
638,889 |
|
7 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
In line with market practice in Chile no disclosure was made on proposals for remuneration. We have engaged with the company asking further details but IR failed to inform the amounts that will be taken to shareholder approval. ISS recommended investors to vote for on the basis of the reasonable amount and absence of concerns over pay level, but we should encourage the companies to increase the level of disclosure ahead of the meeting. |
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
4 |
|
Approve Remuneration of Directors’ Committee and Approve their 2014 Budget |
|
Management |
|
For |
|
Abstain |
|
In line with market practice in Chile no disclosure was made on proposals for remuneration. We have engaged with the company asking further details but IR failed to inform the amounts that will be taken to shareholder approval. ISS recommended investors to vote for on the basis of the reasonable amount and absence of concerns over pay level, but we should encourage the companies to increase the level of disclosure ahead of the meeting. |
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
5 |
|
Present Board’s Report on Expenses; Present Directors’ Committee Report on Activities and Expenses |
|
Management |
|
|
|
|
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
6 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
7 |
|
Elect Two Auditors and their Respective Alternates; Approve their Remuneration |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
8 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
9 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
10 |
|
Present Dividend Policy and Distribution Procedures |
|
Management |
|
|
|
|
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
11 |
|
Approve Special Auditors’ Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
12 |
|
Present Report on Processing, Printing, and Mailing Information Required by Chilean Law |
|
Management |
|
|
|
|
|
|
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
13 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
27,656,000 |
|
Enersis S.A. |
|
ENERSIS |
|
P37186106 |
|
23-Apr-14 |
|
Annual |
|
Confirmed |
|
27,656,000 |
|
14 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
2 |
|
Approve Allocation of Income, Dividends and Future Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
3 |
|
Elect Directors and Approve Their Remuneration; Elect Directors’ Committee and Approve Their Budget |
|
Management |
|
For |
|
Abstain |
|
The company has bundled election of directors an remuneration of board member and no disclosure of proposed names were provided. We have engaged with management asking for further information but no response so far. ISS recommended investors to vote Against but in absence of concerns with remuneration level and board composition have opted to ABSTAIN and engage with management expressing our views. |
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
4 |
|
Present Report of Directors’ Committee Activities and Expenses |
|
Management |
|
|
|
|
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
5 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
6 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,857,000 |
|
Sonda S.A. |
|
SONDA |
|
P87262104 |
|
24-Apr-14 |
|
Annual |
|
Confirmed |
|
1,857,000 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
This is an open item of the agenda for matters that may be raised during the meeting. Since we are not able to assess the impact of discussions that may be held during the meeting best action is to go Against. |
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
2 |
|
Approve Allocation of Income and Dividends of CLP 20.60 Per Share |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
3 |
|
Present Dividend Policy |
|
Management |
|
|
|
|
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
4 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
5 |
|
Approve Remuneration of Directors’ Committee and its Consultants and Their Budget |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
6 |
|
Receive Report of Directors and Directors’ Committee Expenses |
|
Management |
|
|
|
|
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
7 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
8 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
9 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
10 |
|
Receive Report on Activities Carried Out by Directors’ Committee |
|
Management |
|
|
|
|
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
11 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
902,000 |
|
12 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Given the open nature of the proposal we are not able to assess the impact of discussions that may be raised during the meeting so best course of action is to go against. |
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Special |
|
Confirmed |
|
902,000 |
|
1 |
|
Approve Placement Price of Reserved Shares for Executive Compensation Plan in Connection with Company’s Capital Increase Approved on April 29, 2011 |
|
Management |
|
For |
|
Against |
|
Although the plan was previously approved by shareholders no disclosure was made regarding the price or the methodology to establish the strike price so we are unable to assess if the plan brings long term alignment with shareholders. |
|
902,000 |
|
Cencosud S.A. |
|
CENCOSUD |
|
P2205J100 |
|
25-Apr-14 |
|
Special |
|
Confirmed |
|
902,000 |
|
2 |
|
Authorize Board to Ratify and Execute Approved Resolutions |
|
Management |
|
For |
|
Against |
|
In light of the lack of disclosure above we are unable to support. |
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
1 |
|
Accept Annual Report, Financial Statements, Internal Statutory Auditors’ Report and External Auditors’ Reports, and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
2 |
|
Appoint Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
3 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
5 |
|
Approve Allocation of Income and Dividends, and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
6 |
|
Receive Report on Board’s Expenses |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
7 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
8 |
|
Receive Issues Related to Directors’ and Audit Committees and Health, Safety and Environmental Committee |
|
Management |
|
For |
|
For |
|
|
|
43,500 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
43,500 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
We vote against since topics we are unaware of can be proposed to be voted during the meeting. |
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
1 |
|
Accept Annual Report, Financial Statements, Internal Statutory Auditors’ Report and External Auditors’ Reports, and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
2 |
|
Appoint Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
3 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
5 |
|
Approve Allocation of Income and Dividends, and Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
6 |
|
Receive Report on Board’s Expenses |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
7 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
8 |
|
Receive Issues Related to Directors’ and Audit Committees and Health, Safety and Environmental Committee |
|
Management |
|
For |
|
For |
|
|
|
98,650 |
|
Sociedad Quimica y Minera de Chile S.A. SQM |
|
SQM-B |
|
P8716X108 |
|
25-Apr-14 |
|
Annual |
|
Confirmed |
|
98,650 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
We are not aware of what will be proposed during the meeting. |
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
2 |
|
Approve Dividends and Dividends Policy |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
3 |
|
Elect Directors |
|
Management |
|
For |
|
Against |
|
The company failed to disclose the names of the candidates that will be proposed. In absence of disclosure of such information we are not able to make a well informed decision so support is not warranted. Although the disclosure is not a requirement in Chile we have seen other companies disclosing the names so Concha Y Toro should follow the best practices. We have engaged with the company to express our positioning. |
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
4 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
5 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
6 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
8 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
2,673,000 |
|
Vina Concha y Toro S.A. |
|
CONCHATORO |
|
P9796J100 |
|
28-Apr-14 |
|
Annual |
|
Confirmed |
|
2,673,000 |
|
9 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
This is an open item of the agenda for matters that may be raised during the meeting. Since we are not able to assess the impact of discussions that may be held during the meeting best action is to vote against. |
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
2 |
|
Approve Final Dividends |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
3 |
|
Present Dividend Policy |
|
Management |
|
|
|
|
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
4 |
|
Approve Investment and Financing Policy |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
5 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Bundled resolution and no disclosure ahead of the meeting (standard practice in Chile). |
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
6 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
7 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
8 |
|
Elect External Auditors and Internal Statutory Auditors |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
9 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
10 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
11 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
203,000 |
|
Empresa Nacional de Telecomunicaciones S.A. ENTEL |
|
ENTEL |
|
P37115105 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
203,000 |
|
12 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Insufficient information. |
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
2 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
Although names were disclosed ahead of the meeting resolution is bundled. |
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
3 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
Abstain |
|
No major concern with remuneration level but amounts proposed were not disclosed ahead of the meeting so we are unable to assess the impact. |
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
4 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
Abstain |
|
No major concern with remuneration level but amounts proposed were not disclosed ahead of the meeting so we are unable to assess the impact. |
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
5 |
|
Appoint Auditors, Designate Risk-Assessment Companies; Present Special Auditors’ Report Regarding Related-Party |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
6 |
|
Approve Report on Processing, Printing, and Mailing Information To Shareholders Required by Chilean Law |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
125,500 |
|
LATAM Airlines Group S.A. |
|
LAN |
|
P61894104 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
125,500 |
|
8 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
We are unable to assess the impact of discussions that may be raised during the meeting so best course of action is to go against. |
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
1 |
|
Approve Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
2 |
|
Approve Allocation of Income |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
3 |
|
Approve Dividend Policy |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
4 |
|
Elect Directors |
|
Management |
|
For |
|
Abstain |
|
The company provided full disclosure of the candidates but the resolution is still bundled. |
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
5 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
6 |
|
Appoint Auditors and Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
7 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
8 |
|
Approve Report Regarding Related-Party Transactions |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
9 |
|
Approve Remuneration and Budget of Directors’ Committee; Receive Directors Committee’s Report |
|
Management |
|
For |
|
For |
|
|
|
1,055,083 |
|
S.A.C.I. Falabella |
|
FALABELLA |
|
P3880F108 |
|
29-Apr-14 |
|
Annual |
|
Confirmed |
|
1,055,083 |
|
10 |
|
Other Business (Voting) |
|
Management |
|
For |
|
Against |
|
Open item of the agenda so we are unable to assess the impacts that will be raised during the meeting. |
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
1 |
|
Accept Financial Statements and Statutory Reports |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
2 |
|
Approve Allocation of Income and Dividends |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
3 |
|
Present Dividend Policy |
|
Management |
|
|
|
|
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
4 |
|
Receive Report Regarding Related-Party Transactions |
|
Management |
|
|
|
|
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
5 |
|
Appoint Auditors |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
6 |
|
Designate Risk Assessment Companies |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
7 |
|
Approve Remuneration of Directors |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
8 |
|
Present Board’s Report on Expenses |
|
Management |
|
|
|
|
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
9 |
|
Approve Remuneration and Budget of Directors’ Committee |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
10 |
|
Present Directors’ Committee Report on Activities and Expenses |
|
Management |
|
|
|
|
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
11 |
|
Elect Directors |
|
Management |
|
For |
|
Against |
|
The board is proposing the renewal of the board of directors following the resignation of Juan Antonio Ferrer, however no disclosure has been made regarding the proposed board members so support is not warranted. Other companies in Chile are already providing such disclosure ahead of the meeting so we should encourage Inversiones Aguas Metropolitanas to follow the same practice. |
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
12 |
|
Designate Newspaper to Publish Meeting Announcements |
|
Management |
|
For |
|
For |
|
|
|
1,368,500 |
|
Inversiones Aguas Metropolitanas S.A. |
|
IAM |
|
P58595102 |
|
30-Apr-14 |
|
Annual |
|
Confirmed |
|
1,368,500 |
|
13 |
|
Transact Other Business (Non-Voting) |
|
Management |
|
|
|
|
|
|
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 26, 2014 |
|
|