N-PX 1 d381098dnpx.htm DB-X EXCHANGE-TRADED FUNDS, INC. db-X Exchange-Traded Funds, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-22001

db-X Exchange-Traded Funds Inc.

(Exact name of registrant as specified in charter)

60 Wall Street, New York, New York 10005

(Address of principal executive offices) (Zip code)

Alex N. Depetris

db-X Exchange-Traded Funds Inc.

c/o DBX Strategic Advisors LLC

60 Wall Street

New York, New York 10005

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-250-6489

Date of fiscal year end: May 31

Date of reporting period: June 30, 2012

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and Rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 

Vote Summary Report

Report was run from: 7/1/11 to 6/30/12

Institution Account(s): TDAX Independence 2010 - Equity

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    01-Jul-11    United Kingdom    G87621101    Annual    29-Jun-11

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Gareth Bullock as Director   Mgmt   For   For
Elect Stuart Chambers as Director   Mgmt   For   For
Re-elect David Reid as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Richard Brasher as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect David Potts as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Approve Performance Share Plan 2011   Mgmt   For   For
Approve Savings-Related Share Option Scheme   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

SRA International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRX    15-Jul-11    USA    78464R105    Special    13-Jun-11

 

CUSIP: 78464R105    ISIN: US78464R1059    SEDOL: 2865241

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For

Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.

  
Adjourn Meeting   Mgmt   For   For

Ultratech, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UTEK    19-Jul-11    USA    904034105    Annual    20-May-11

 

CUSIP: 904034105    ISIN: US9040341052    SEDOL: 2907217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur W. Zafiropoulo   Mgmt   For   For
Elect Director Joel F. Gemunder   Mgmt   For   For
Elect Director Nicholas Konidaris   Mgmt   For   For
Elect Director Dennis Raney   Mgmt   For   For
Elect Director Henri Richard   Mgmt   For   For
Elect Director Rick Timmins   Mgmt   For   For
Elect Director Ben Tsai   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ultratech, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Vodafone Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOD    26-Jul-11    United Kingdom    G93882135    Annual    22-Jul-11

 

CUSIP: G93882135    ISIN: GB00B16GWD56    SEDOL: B16GWD5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Vittorio Colao as Director   Mgmt   For   For
Re-elect Michel Combes as Director   Mgmt   For   For
Re-elect Andy Halford as Director   Mgmt   For   For
Re-elect Stephen Pusey as Director   Mgmt   For   For
Elect Renee James as Director   Mgmt   For   For
Re-elect Alan Jebson as Director   Mgmt   For   For
Re-elect Samuel Jonah as Director   Mgmt   For   For
Re-elect Nick Land as Director   Mgmt   For   For
Re-elect Anne Lauvergeon as Director   Mgmt   For   For
Re-elect Luc Vandevelde as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Re-elect Philip Yea as Director   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For

Vodafone Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

STERIS Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STE    28-Jul-11    USA    859152100    Annual    31-May-11

 

CUSIP: 859152100    ISIN: US8591521005    SEDOL: 2845113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Breeden   Mgmt   For   For
Elect Director Cynthia L. Feldmann   Mgmt   For   For
Elect Director Jacqueline B. Kosecoff   Mgmt   For   For
Elect Director David B. Lewis   Mgmt   For   For
Elect Director Kevin M. McMullen   Mgmt   For   For
Elect Director Walter M Rosebrough, Jr.   Mgmt   For   For
Elect Director Mohsen M. Sohi   Mgmt   For   For
Elect Director John P. Wareham   Mgmt   For   For
Elect Director Loyal W. Wilson   Mgmt   For   For
Elect Director Michael B. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Apollo Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AINV    02-Aug-11    USA    03761U106    Annual    08-Jun-11

 

CUSIP: 03761U106    ISIN: US03761U1060    SEDOL: B00NWP7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Puleo   Mgmt   For   For
Elect Director Carl Spielvogel   Mgmt   For   For
Elect Director Jeanette Loeb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

Quality Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QSII    11-Aug-11    USA    747582104    Annual    13-Jun-11

 

CUSIP: 747582104    ISIN: US7475821044    SEDOL: 2715391

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Craig A. Barbarosh   Mgmt   For   For
Elect Director Murray F. Brennan   Mgmt   For   For
Elect Director George H. Bristol   Mgmt   For   For
Elect Director Patrick B. Cline   Mgmt   For   For
Elect Director Ahmed D. Hussein   Mgmt   For   For
Elect Director D. Russell Pflueger   Mgmt   For   For
Elect Director Steven T. Plochocki   Mgmt   For   For
Elect Director Sheldon Razin   Mgmt   For   For
Elect Director Maureen A. Spivack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Voter Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

Quality Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

La-Z-Boy Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LZB    24-Aug-11    USA    505336107    Annual    27-Jun-11

 

CUSIP: 505336107    ISIN: US5053361078    SEDOL: 2508405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kurt L. Darrow   Mgmt   For   For
Elect Director H. George Levy   Mgmt   For   For
Elect Director W. Alan McCollough   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Medifast, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MED    02-Sep-11    USA    58470H101    Annual    11-Jul-11

 

CUSIP: 58470H101    ISIN: US58470H1014    SEDOL: 2934033

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harvey C. Barnum   Mgmt   For   For
Elect Director Michael C. MacDonald   Mgmt   For   For

Medifast, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Reece   Mgmt   For   For
Elect Director Michael S. McDevitt   Mgmt   For   For
Elect Director Margaret E. Sheetz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Casey’s General Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CASY    16-Sep-11    USA    147528103    Annual    25-Jul-11

 

CUSIP: 147528103    ISIN: US1475281036    SEDOL: 2179414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Myers   Mgmt   For   For
Elect Director Diane C. Bridgewater   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Exide Technologies

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XIDE    16-Sep-11    USA    302051206    Annual    20-Jul-11

 

CUSIP: 302051206    ISIN: US3020512063    SEDOL: B00VTY9

Exide Technologies

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert F. Aspbury   Mgmt   For   For
Elect Director James R. Bolch   Mgmt   For   For
Elect Director Michael R. D’Appolonia   Mgmt   For   For
Elect Director David S. Ferguson   Mgmt   For   For
Elect Director John O’Higgins   Mgmt   For   For
Elect Director Dominic J. Pileggi   Mgmt   For   For
Elect Director John P. Reilly   Mgmt   For   For
Elect Director Michael P. Ressner   Mgmt   For   For
Elect Director Carroll R. Wetzel, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    16-Sep-11    Netherlands    N8981F271    Special    19-Aug-11

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Special Meeting   Mgmt    
Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares   Mgmt   For   For

NIKE, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NKE    19-Sep-11    USA    654106103    Annual    25-Jul-11

 

CUSIP: 654106103    ISIN: US6541061031    SEDOL: 2640147

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John C. Lechleiter   Mgmt   For   For
Elect Director Phyllis M. Wise   Mgmt   For   For
Voter Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TEVA    19-Sep-11    Israel    M8769Q102    Annual    10-Aug-11

 

CUSIP: M8769Q102    ISIN: IL0006290147    SEDOL: 6882172

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Elect Chaim Hurvitz as Director   Mgmt   For   For
Elect Ory Slonim as Director   Mgmt   For   For
Elect Dan Suesskind as Director   Mgmt   For   For
Elect Joseph Nitzani as External Director and Approve His Remuneration   Mgmt   For   For
Elect Dafna Schwartz as External Director and Approve Her Remuneration   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Director/Officer Liability and Indemnification Insurance   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Remuneration of Vice Chairman   Mgmt   For   For
Approve Reimbursement of Expenses of Board Chairman   Mgmt   For   For

FedEx Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FDX    26-Sep-11    USA    31428X106    Annual    01-Aug-11

 

CUSIP: 31428X106    ISIN: US31428X1063    SEDOL: 2142784

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 51.5 percent of votes cast at the previous AGM. To date, the board has not taken action on the proposal. Accordingly, TDAM will opose the elections of Shirley Ann Jackson, James L. Barksdale, and Steven R. Loranger, who serve on the Nominating and Governance committee of the board.
Elect Director John A. Edwardson   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Steven R. Loranger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Gary W. Loveman   Mgmt   For   For
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Joshua Cooper Ramo   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Frederick W. Smith   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director David P. Steiner   Mgmt   For   For
Elect Director Paul S. Walsh   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

FedEx Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors.
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

The Procter & Gamble Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PG    11-Oct-11    USA    742718109    Annual    12-Aug-11

 

CUSIP: 742718109    ISIN: US7427181091    SEDOL: 2704407

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angela F. Braly   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Scott D. Cook   Mgmt   For   For
Elect Director Susan Desmond-Hellmann   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Elect Director Patricia A. Woertz   Mgmt   For   For
Elect Director Ernesto Zedillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Procter & Gamble Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Articles of Incorporation   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Use of Laboratory Animals in Pet Food Product Testing   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Political Contributions and Provide Advisory Vote   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      

Oracle Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ORCL    12-Oct-11    USA    68389X105    Annual    15-Aug-11

 

CUSIP: 68389X105    ISIN: US68389X1054    SEDOL: 2661568

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey S. Berg   Mgmt   For   For
Elect Director H. Raymond Bingham   Mgmt   For   For
Elect Director Michael J. Boskin   Mgmt   For   For
Elect Director Safra A. Catz   Mgmt   For   For
Elect Director Bruce R. Chizen   Mgmt   For   For
Elect Director George H. Conrades   Mgmt   For   For
Elect Director Lawrence J. Ellison   Mgmt   For   For
Elect Director Hector Garcia-Molina   Mgmt   For   For
Elect Director Jeffrey O. Henley   Mgmt   For   For
Elect Director Mark V. Hurd   Mgmt   For   For

Oracle Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Lucas   Mgmt   For   For
Director Naomi O. Seligman   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   None   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    19-Oct-11    USA    019344100    Annual    29-Sep-11

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Common Stock   Mgmt   For   For
Approve Deferred Phantom Unit Plan   Mgmt   For   For
Approve Deferred Share Unit Plan   Mgmt   For   For

Diageo plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DGE    19-Oct-11    United Kingdom    G42089113    Annual    17-Oct-11

 

CUSIP: G42089113    ISIN: GB0002374006    SEDOL: 0237400

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Peggy Bruzelius as Director   Mgmt   For   For
Re-elect Laurence Danon as Director   Mgmt   For   For
Re-elect Lord Davies of Abersoch as Director   Mgmt   For   For
Re-elect Betsy Holden as Director   Mgmt   For   For
Re-elect Dr Franz Humer as Director   Mgmt   For   For
Re-elect Deirdre Mahlan as Director   Mgmt   For   For
Re-elect Philip Scott as Director   Mgmt   For   For
Re-elect Todd Stitzer as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors of the Company   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BHP Billiton plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BLT    20-Oct-11    United Kingdom    G10877101    Annual    18-Oct-11

 

CUSIP: G10877101    ISIN: GB0000566504    SEDOL: 0056650

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Lindsay Maxsted as Director   Mgmt   For   For
Elect Shriti Vadera as Director   Mgmt   For   For
Re-elect Malcolm Broomhead as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Carlos Cordeiro as Director   Mgmt   For   For
Re-elect David Crawford as Director   Mgmt   For   For
Re-elect Carolyn Hewson as Director   Mgmt   For   For
Re-elect Marius Kloppers as Director   Mgmt   For   For
Re-elect Wayne Murdy as Director   Mgmt   For   For
Re-elect Keith Rumble as Director   Mgmt   For   For
Re-elect John Schubert as Director   Mgmt   For   For
Re-elect Jacques Nasser as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    20-Oct-11    USA    559181102    Annual    26-Aug-11

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

Magma Design Automation, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roy E. Jewell   Mgmt   For   For
Elect Director Thomas M. Rohrs   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Cardinal Health, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAH    02-Nov-11    USA    14149Y108    Annual    06-Sep-11

 

CUSIP: 14149Y108    ISIN: US14149Y1082    SEDOL: 2175672

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen F. Arnold   Mgmt   For   For
Elect Director George S. Barrett   Mgmt   For   For
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Carrie S. Cox   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Bruce L. Downey   Mgmt   For   For
Elect Director John F. Finn   Mgmt   For   For
Elect Director Gregory B. Kenny   Mgmt   For   For
Elect Director David P. King   Mgmt   For   For
Elect Director Richard C. Notebaert   Mgmt   For   For
Elect Director David W. Raisbeck   Mgmt   For   For
Elect Director Jean G. Spaulding   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cardinal Health, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Require Independent Board Chairman   SH   Against   Against
Voter Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.  
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.  

Commonwealth Bank Of Australia

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBA    08-Nov-11    Australia    Q26915100    Annual    06-Nov-11

 

CUSIP: Q26915100    ISIN: AU000000CBA7    SEDOL: 6215035

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Colin Galbraith as Director   Mgmt   For   For
Elect Jane Hemstritch as Director   Mgmt   For   For
Elect Andrew Mohl as Director   Mgmt   For   For
Elect Lorna Inman as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Share Grants to Ian Mark Narev, CEO and Managing Director, Under the Group Leadership Reward Plan   Mgmt   For   For

bebe stores, inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEBE    10-Nov-11    USA    075571109    Annual    26-Sep-11

 

CUSIP: 075571109    ISIN: US0755711092    SEDOL: 2257677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Manny Mashouf   Mgmt   For   For

bebe stores, inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara Bass   Mgmt   For   For
Elect Director Cynthia Cohen   Mgmt   For   For
Elect Director Corrado Federico   Mgmt   For   For
Elect Director Caden Wang   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Microsoft Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSFT    15-Nov-11    USA    594918104    Annual    02-Sep-11

 

CUSIP: 594918104    ISIN: US5949181045    SEDOL: 2588173

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Ballmer   Mgmt   For   For
Elect Director Dina Dublon   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director Raymond V. Gilmartin   Mgmt   For   For
Elect Director Reed Hastings   Mgmt   For   For
Elect Director Maria M. Klawe   Mgmt   For   For
Elect Director David F. Marquardt   Mgmt   For   For
Elect Director Charles H. Noski   Mgmt   For   For
Elect Director Helmut Panke   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Microsoft Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against

BHP Billiton Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BHP    17-Nov-11    Australia    Q1498M100    Annual    15-Nov-11

 

CUSIP: Q1498M100    ISIN: AU000000BHP4    SEDOL: 6144690

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports for BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Lindsay Maxsted as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Shriti Vadera as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Malcolm Broomhead as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Buchanan as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carlos Cordeiro as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect David Crawford as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carolyn Hewson as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Marius Kloppers as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Wayne Murdy as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Keith Rumble as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Schubert as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Jacques Nasser as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Appoint KPMG Audit Plc as Auditors of BHP Billiton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc   Mgmt   For   For

BHP Billiton Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Authority to Issue Shares in BHP Biliton Plc for Cash   Mgmt   For   For
Approve the Repurchase of Up to 213.62 Million Shares in BHP Billiton Plc   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For
Approve the Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Jack Henry & Associates, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JKHY    17-Nov-11    USA    426281101    Annual    20-Sep-11

 

CUSIP: 426281101    ISIN: US4262811015    SEDOL: 2469193

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Hall   Mgmt   For   For
Elect Director Michael E. Henry   Mgmt   For   For
Elect Director Matthew C. Flanigan   Mgmt   For   For
Elect Director Craig R. Curry   Mgmt   For   For
Elect Director Wesley A. Brown   Mgmt   For   For
Elect Director Marla K. Shepard   Mgmt   For   For
Elect Director John F. Prim   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Silicon Graphics International Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGI    02-Dec-11    USA    82706L108    Annual    07-Oct-11

 

CUSIP: 82706L108    ISIN: US82706L1089    SEDOL: B081PV0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark J. Barrenechea   Mgmt   For   For
Elect Director Michael W. Hagee   Mgmt   For   For
Elect Director Charles M. Boesenberg   Mgmt   For   For
Elect Director Gary A. Griffiths   Mgmt   For   For
Elect Director Hagi Schwartz   Mgmt   For   For
Elect Director Ronald D. Verdoorn   Mgmt   For   For
Elect Director Douglas R. King   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Ascena Retail Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ASNA    07-Dec-11    USA    04351G101    Annual    10-Oct-11

 

CUSIP: 04351G101    ISIN: US04351G1013    SEDOL: B65D9Z3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David R. Jaffe   Mgmt   For   For
Elect Director Klaus Eppler   Mgmt   For   For
Elect Director Kate Buggeln   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ascena Retail Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSCO    07-Dec-11    USA    17275R102    Annual    10-Oct-11

 

CUSIP: 17275R102    ISIN: US17275R1023    SEDOL: 2198163

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol A. Bartz   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Michael D. Capellas   Mgmt   For   For
Elect Director Larry R. Carter   Mgmt   For   For
Elect Director John T. Chambers   Mgmt   For   For
Elect Director Brian L. Halla   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Richard M. Kovacevich   Mgmt   For   For
Elect Director Roderick C. McGeary   Mgmt   For   For
Elect Director Arun Sarin   Mgmt   For   For
Elect Director Steven M. West   Mgmt   For   For
Elect Director Jerry Yang   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis as the proposal is to establish an Environmental Sustainability committee.
Report on Internet Fragmentation   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Westpac Banking Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WBC    14-Dec-11    Australia    Q97417101    Annual    12-Dec-11

 

CUSIP: Q97417101    ISIN: AU000000WBC1    SEDOL: 6076146

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Lindsay Philip Maxsted as a Director   Mgmt   For   For
Elect John Simon Curtis as a Director   Mgmt   For   For
Elect Ann Pickard as a Director   Mgmt   For   For

Aruba Networks, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARUN    15-Dec-11    USA    043176106    Annual    20-Oct-11

 

CUSIP: 043176106    ISIN: US0431761065    SEDOL: B1VRPM3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dominic P. Orr   Mgmt   For   For
Elect Director Keerti Melkote   Mgmt   For   For
Elect Director Bernard Guidon   Mgmt   For   For
Elect Director Emmanuel Hernandez   Mgmt   For   For

Aruba Networks, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Kourey   Mgmt   For   For
Elect Director Douglas Leone   Mgmt   For   For
Elect Director Willem P. Roelandts   Mgmt   For   For
Elect Director Juergen Rottler   Mgmt   For   For
Elect Director Daniel Warmenhoven   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

National Australia Bank Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NAB    15-Dec-11    Australia    Q65336119    Annual    13-Dec-11

 

CUSIP: Q65336119    ISIN: AU000000NAB4    SEDOL: 6624608

 

  Proponent   Mgmt Rec   Vote Instruction
Elect John Thorn as a Director   Mgmt   For   For
Elect Geoff Tomlinson as a Director   Mgmt   For   For
Elect Ken Henry as a Director   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Cameron Clyne, CEO of the company   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Mark Joiner, Execuive Director of Finance   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Australia and New Zealand Banking Group Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANZ    16-Dec-11    Australia    Q09504137    Annual    14-Dec-11

 

CUSIP: Q09504137    ISIN: AU000000ANZ3    SEDOL: 6065586

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Remuneration Report   Mgmt   For   For
Approve the Grant of Performance Rights to Michael Smith, Chief Executive Officer of the Company   Mgmt   For   For
Approve the Terms and Conditions of the Selective Buy-Back Schemes Relating to the Buy-Back of the June 2007 Sterling Preference Shares   Mgmt   For   For
Ratify Past Issue of 13.4 Million Convertible Preference Shares   Mgmt   For   For
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Shareholder Proposal   Mgmt    
Elect R.J. Reeves as a Director   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis..
Management Proposals   Mgmt    
Elect P.A.F. Hay as a Director   Mgmt   For   For
Elect A.M. Watkins as a Director   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    06-Jan-12    United Kingdom    G03764134    Special    04-Jan-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Acquisition of the Entire Equity and Shareholder Loan Interests of the CHL Group in DB Investments SA and De Beers SA   Mgmt   For   For
Policy Rationale: TDAM evaluates merger & acquisition proposals on a case-by-case basis.

The Greenbrier Companies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBX    06-Jan-12    USA    393657101    Annual    17-Nov-11

 

CUSIP: 393657101    ISIN: US3936571013    SEDOL: 2387530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Furman   Mgmt   For   For
Elect Director C. Bruce Ward   Mgmt   For   For
Elect Director Charles J. Swindells   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

HealthSpring, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HS    12-Jan-12    USA    42224N101    Special    08-Dec-11

 

CUSIP: 42224N101    ISIN: US42224N1019    SEDOL: B0Y4Z91

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition.proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1.
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1.

Ariba, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARBA    20-Jan-12    USA    04033V203    Annual    01-Dec-11

 

CUSIP: 04033V203    ISIN: US04033V2034    SEDOL: B01RQB2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harriet Edelman   Mgmt   For   For
Elect Director Richard A. Kashnow   Mgmt   For   For
Elect Director Robert D. Johnson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Siemens AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIE    24-Jan-12    Germany    D69671218    Annual   

 

CUSIP: D69671218    ISIN: DE0007236101    SEDOL: 5727973

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proposals   Mgmt    
Receive Financial Statements and Statutory Reports for Fiscal 2010/2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 3.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2010/2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2010/2011   Mgmt   For   For
Ratify Ernst & Young GmbH as Auditors for Fiscal 2011/2012   Mgmt   For   For
Shareholder Proposal Submitted by Verein von Belegschaftsaktionaeren in der Siemens AG e.V Muenchen   Mgmt    
Amend Articles Re: Female Representation on the Supervisory Board   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Johnson Controls, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JCI    25-Jan-12    USA    478366107    Annual    17-Nov-11

 

CUSIP: 478366107    ISIN: US4783661071    SEDOL: 2476803

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis W. Archer   Mgmt   For   For
Elect Director Mark P. Vergnano   Mgmt   For   For
Elect Director Richard Goodman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported..

Jacobs Engineering Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JEC    26-Jan-12    USA    469814107    Annual    02-Dec-11

 

CUSIP: 469814107    ISIN: US4698141078    SEDOL: 2469052

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Noel G. Watson   Mgmt   For   For
Elect Director Joseph R. Bronson   Mgmt   For   For
Elect Director Peter J. Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Sally Beauty Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBH    26-Jan-12    USA    79546E104    Annual    28-Nov-11

 

CUSIP: 79546E104    ISIN: US79546E1047    SEDOL: B1GZ005

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth A. Giuriceo   Mgmt   For   For
Elect Director Robert R. McMaster   Mgmt   For   For
Elect Director Martha Miller   Mgmt   For   For
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

Microsemi Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSCC    31-Jan-12    USA    595137100    Annual    05-Dec-11

 

CUSIP: 595137100    ISIN: US5951371005    SEDOL: 2588140

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Peterson   Mgmt   For   For
Elect Director Dennis R. Leibel   Mgmt   For   For
Elect Director Thomas R. Anderson   Mgmt   For   For
Elect Director William E. Bendush   Mgmt   For   For
Elect Director William L. Healey   Mgmt   For   For
Elect Director Paul F. Folino   Mgmt   For   For
Elect Director Matthew E. Massengill   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Visa Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
V    31-Jan-12    USA    92826C839    Annual    05-Dec-11

 

CUSIP: 92826C839    ISIN: US92826C8394    SEDOL: B2PZN04

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary P. Coughlan   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Francisco Javier Fernandez-Carbajal   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Cathy E. Minehan   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director David J. Pang   Mgmt   For   For
Elect Director Joseph W. Saunders   Mgmt   For   For
Elect Director William S. Shanahan   Mgmt   For   For
Elect Director John A. Swainson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

Emerson Electric Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EMR    07-Feb-12    USA    291011104    Annual    29-Nov-11

 

CUSIP: 291011104    ISIN: US2910111044    SEDOL: 2313405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Fernandez G.   Mgmt   For   For
Elect Director A.F. Golden   Mgmt   For   For
Elect Director W.R. Johnson   Mgmt   For   For
Elect Director J.B. Menzer   Mgmt   For   For
Elect Director A.A. Busch, III   Mgmt   For   For

Emerson Electric Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R.I. Ridgway   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Sustainability   SH   Against   For
Policy Rationale: TDAM supports disclosure related proposals.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported

Accenture plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSA    09-Feb-12    Ireland    G1151C101    Annual    12-Dec-11

 

CUSIP: G1151C101    ISIN: IE00B4BNMY34    SEDOL: B412KX5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Reelect Dina Dublon as a Director   Mgmt   For   For
Reelect William D. Green as a Director   Mgmt   For   For
Reelect Nobuyuki Idei as a Director   Mgmt   For   For
Reelect Marjorie Magner as a Director   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported.. Classified Boards are typically opposed.
Authorize the Holding of the 2013 AGM at a Location Outside Ireland   Mgmt   For   For
Authorize Open-Market Purchases of Class A Ordinary Shares   Mgmt   For   For
Determine the Price Range at which Accenture Plc can Re- issue Shares that it Acquires as Treasury Stock   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    16-Feb-12    USA    559181102    Special    06-Jan-12

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Refer to Item 1      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1      

Ruddick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDK    16-Feb-12    USA    781258108    Annual    09-Dec-11

 

CUSIP: 781258108    ISIN: US7812581087    SEDOL: 2758482

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John R. Belk   Mgmt   For   For
Elect Director John P. Derham Cato   Mgmt   For   For
Elect Director Thomas W. Dickson   Mgmt   For   For
Elect Director James E.S. Hynes   Mgmt   For   For
Elect Director Anna Spangler Nelson   Mgmt   For   For
Elect Director Bailey W. Patrick   Mgmt   For   For
Elect Director Robert H. Spilman, Jr.   Mgmt   For   For
Elect Director Harold C. Stowe   Mgmt   For   For
Elect Director Isaiah Tidwell   Mgmt   For   For
Elect Director William C. Warden, Jr.   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ruddick Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Apple Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAPL    23-Feb-12    USA    037833100    Annual    27-Dec-11

 

CUSIP: 037833100    ISIN: US0378331005    SEDOL: 2046251

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William V. Campbell   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company's articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 73.6 percent of votes cast at the previous AGM. The company continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Campbell, Drexler, and Gore, who serve on the Nominating and Corporate Governance Committee of the board.
Elect Director Timothy D. Cook   Mgmt   For   For
Elect Director Millard S. Drexler   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Al Gore   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Arthur D. Levinson   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Conflict of Interest Report   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Apple Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Directors’ Compensation   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Sirona Dental Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIRO    23-Feb-12    USA    82966C103    Annual    27-Dec-11

 

CUSIP: 82966C103    ISIN: US82966C1036    SEDOL: B17MSX4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David K. Beecken   Mgmt   For   For
Elect Director Jost Fischer   Mgmt   For   For
Elect Director Arthur D. Kowaloff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Nordson Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDSN    28-Feb-12    USA    655663102    Annual    03-Jan-12

 

CUSIP: 655663102    ISIN: US6556631025    SEDOL: 2641838

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Merriman, Jr   Mgmt   For   For
Elect Director Frank M. Jaehnert   Mgmt   For   For
Elect Director Arthur L. George, Jr.   Mgmt   For   For

Nordson Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Annual    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adam K. Bernstein   Mgmt   For   For
Elect Director Jeffrey Flug   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Special    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Multi-Fineline Electronix, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFLX    05-Mar-12    USA    62541B101    Annual    09-Jan-12

 

CUSIP: 62541B101    ISIN: US62541B1017    SEDOL: B011MJ4

Multi-Fineline Electronix, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe Lemaitre   Mgmt   For   For
Elect Director Donald K. Schwanz   Mgmt   For   For
Elect Director See Meng Wong   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

QUALCOMM Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QCOM    06-Mar-12    USA    747525103    Annual    09-Jan-12

 

CUSIP: 747525103    ISIN: US7475251036    SEDOL: 2714923

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara T. Alexander   Mgmt   For   For
Elect Director Stephen M. Bennett   Mgmt   For   For
Elect Director Donald G. Cruickshank   Mgmt   For   For
Elect Director Raymond V. Dittamore   Mgmt   For   For
Elect Director Thomas W. Horton   Mgmt   For   For
Elect Director Paul E. Jacobs   Mgmt   For   For
Elect Director Robert E. Kahn   Mgmt   For   For
Elect Director Sherry Lansing   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 51.5 percent of votes cast at the previous AGM. Although the company has adopted a director resignation policy, it continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Lansing, Ros, and Scowcroft, who serve on the Corporate Governance Committee of the board.
Elect Director Duane A. Nelles   Mgmt   For   For
Elect Director Francisco Ros   Mgmt   For   Withhold

Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

QUALCOMM Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brent Scowcroft   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc I. Stern   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Eliminate Provision Relating to Plurality Voting for the Election of Directors   Mgmt   For   For
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Parametric Technology Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PMTC    07-Mar-12    USA    699173209    Annual    06-Jan-12

 

CUSIP: 699173209    ISIN: US6991732099    SEDOL: B103771

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald K. Grierson   Mgmt   For   For
Elect Director James E. Heppelmann   Mgmt   For   For
Elect Director Renato Zambonini   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

Piedmont Natural Gas Company, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNY    08-Mar-12    USA    720186105    Annual    03-Jan-12

 

CUSIP: 720186105    ISIN: US7201861058    SEDOL: 2688147

Piedmont Natural Gas Company, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director E. James Burton   Mgmt   For   For
Elect Director John W. Harris   Mgmt   For   For
Elect Director Aubrey B. Harwell, Jr.   Mgmt   For   For
Elect Director David E. Shi   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Reduce Supermajority Vote Requirement in the Articles of Incorporation   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Reduce Supermajority Vote Requirement in the Bylaws   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

El Paso Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EP    09-Mar-12    USA    28336L109    Special    20-Jan-12

 

CUSIP: 28336L109    ISIN: US28336L1098    SEDOL: 2295945

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For

The Walt Disney Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DIS    13-Mar-12    USA    254687106    Annual    13-Jan-12

 

CUSIP: 254687106    ISIN: US2546871060    SEDOL: 2270726

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan E. Arnold   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Judith L. Estrin   Mgmt   For   For
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Fred H. Langhammer   Mgmt   For   For
Elect Director Aylwin B. Lewis   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Sheryl Sandberg   Mgmt   For   For
Elect Director Orin C. Smith   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed, TDAM normally opposes option/compensation plans when full plan text is not included in the circular.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Concur Technologies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNQR    14-Mar-12    USA    206708109    Annual    18-Jan-12

 

CUSIP: 206708109    ISIN: US2067081099    SEDOL: 2325091

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. Steven Singh   Mgmt   For   For
Elect Director Jeffrey T. Seely   Mgmt   For   For
Elect Director Randall H. Talbot   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Concur Technologies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Franklin Resources, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEN    14-Mar-12    USA    354613101    Annual    17-Jan-12

 

CUSIP: 354613101    ISIN: US3546131018    SEDOL: 2350684

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel H. Armacost   Mgmt   For   For
Elect Director Charles Crocker   Mgmt   For   For
Elect Director Joseph R. Hardiman   Mgmt   For   For
Elect Director Charles B. Johnson   Mgmt   For   For
Elect Director Gregory E. Johnson   Mgmt   For   For
Elect Director Rupert H. Johnson, Jr.   Mgmt   For   For
Elect Director Mark C. Pigott   Mgmt   For   For
Elect Director Chutta Ratnathicam   Mgmt   For   For
Elect Director Laura Stein   Mgmt   For   For
Elect Director Anne M. Tatlock   Mgmt   For   For
Elect Director Geoffrey Y. Yang   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Bilbao Vizcaya Argentaria, S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBVA    15-Mar-12    Spain    E11805103    Annual    08-Mar-12

 

CUSIP: E11805103    ISIN: ES0113211835    SEDOL: 5501906

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    

Banco Bilbao Vizcaya Argentaria, S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Standalone and Consolidated Financial Statements, Allocation of Income, Distribution of Dividend, and Discharge Directors for FY 2011   Mgmt   For   For
Reelect José Antonio Fernández Rivero as Director   Mgmt   For   For
Reelect José Maldonado Ramos as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Enrique Medina Fernández as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Ratify Co-option and Appoint Juan Pi Llorens as Director   Mgmt   For   For
Elect Belén Garijo López as Director   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of New Shares, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities Without Preemptive Rights up to EUR 12 Billion   Mgmt   For   For
Amend and Approve Termination of Multi-Year Variable Share Remuneration Programme for 2010/2011   Mgmt   For   For
Approve Deferred Share Bonus Plan for FY 2012   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend General Meeting Regulations   Mgmt   For   For
Ratify Deloitte as Auditors   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Hewlett-Packard Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HPQ    21-Mar-12    USA    428236103    Annual    23-Jan-12

 

CUSIP: 428236103    ISIN: US4282361033    SEDOL: 2424006

Hewlett-Packard Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director Shumeet Banerji   Mgmt   For   For
Elect Director Rajiv L. Gupta   Mgmt   For   For
Elect Director John H. Hammergren   Mgmt   For   For
Elect Director Raymond. J. Lane   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director G. M. Reiner   Mgmt   For   For
Elect Director Patricia. F. Russo   Mgmt   For   For
Elect Director G. Kennedy Thompson   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Ralph. V. Whitworth   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Retention Ratio for Executives   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Nordea Bank AB

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDA    22-Mar-12    Sweden    W57996105    Annual    16-Mar-12

 

CUSIP: W57996105    ISIN: SE0000427361    SEDOL: 5380031

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Claes Beyer as Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Speech   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 0.26 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (9) and Deputy Members (0) of Board   Mgmt   For   For
Fix Number of Auditors at One   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 252,000 for Chairman, EUR 97,650 for Deputy Chairman, and EUR 75,600 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Items 13.1 and 13.2 are Presented as a Single Item (Item 13) on the Original Agenda. Item 13.1 Represents the Election of the Management’s Slate for Directors, whereas Item 13.2 is a Shareholder Proposal to Elect an Additional Director   Mgmt    
Reelect Bjorn Wahlroos (Chairman), Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom Knutzen, Lars Nordstrom, Sarah Russell, and Kari Stadigh as Directors; Elect Peter Braunwalder as New Director   Mgmt   For   For
Elect Jorgen Hyldgaard as New Director   SH   None   Do Not Vote
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify KPMG as Auditors   Mgmt   For   For
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Authorize Repurchase of Shares in Connection with Securities Trading   Mgmt   For   For
Approve Remuneration Policy and Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan   Mgmt   For   For
Approve Issuance of up to 2.7 Million Class C-Shares, Approve Repurchase of up to 2.7 Million Class C-Shares, Approve Reallocation of Shares, and Approve Conveyance of up to 7.8 Million Class C-Shares   Mgmt   For   For
Shareholder Proposals   Mgmt    
Detach Remuneration from Economic Criteria; Reduce Director and Executive Management Remuneration by 10-20 percent; Allow Moral Criteria to Determine Remuneration; Specify how Financial Advisory Engagements are Evaluated   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

CLARCOR Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLC    27-Mar-12    USA    179895107    Annual    03-Feb-12

 

CUSIP: 179895107    ISIN: US1798951075    SEDOL: 2201265

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Marc Adam   Mgmt   For   For
Elect Director James W. Bradford, Jr.   Mgmt   For   For
Elect Director James L. Packard   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Santander S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    29-Mar-12    Spain    E19790109    Annual    22-Mar-12

 

CUSIP: E19790109    ISIN: ES0113900J37    SEDOL: 5705946

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Accept Individual and Consolidated Financial Statements and Statutory Reports for FY 2011   Mgmt   For   For
Approve Discharge of Directors for FY 2011   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.60 Per Share   Mgmt   For   For
Elect Esther Gimenez-Salinas Colomer as Director   Mgmt   For   For
Ratify Appointment of and Elect Vittorio Corbo Lioi as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Juan Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Emilio Botin-Sanz de Sautuola y Garcia de los Rios as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Matias Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.

Banco Santander S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Manuel Soto Serrano as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Renew Appointment of Deloitte as Auditor   Mgmt   For   For
Amend Articles 22, 23, 24, 27, 31, and 61   Mgmt   For   For
Amend Article 69   Mgmt   For   For
Amend 4, 5, 6, 7, and 8 of General Meeting Regulations   Mgmt   For   For
Amend Articles 18, 19, 21, 22, and 26 of General Meeting Regulations   Mgmt   For   For
Authorize Capital Increase of EUR 500 Million   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities up to EUR 8 Billion with 20 Percent Dilution Limit on Issues Excluding Preemptive Rights   Mgmt   For   For
Authorize Issuance of Non-convertible Debt and Fixed- Income Securities up to EUR 40 Billion   Mgmt   For   For
Approve New Conversion Date for 2007 Mandatorily Convertible Debentures   Mgmt   For   For
Approve Deferred Annual Bonus under Second Cycle of Deferred and Conditional Variable Remuneration Plan   Mgmt   For   For
Approve Deferred Annual Share Bonus Plan under Third Cycle of Deferred and Conditional Share Plan   Mgmt   For   For
Approve Savings Plan for Santander UK plc Employees and Other Companies of Santander Group in UK   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Daimler AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAI    04-Apr-12    Germany    D1668R123    Annual   

 

CUSIP: D1668R123    ISIN: DE0007100000    SEDOL: 5529027

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.20 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Reelect Clemens Boersig to the Supervisory Board   Mgmt   For   For

Schlumberger Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLB    11-Apr-12    NetherlandsAntilles    806857108    Annual    22-Feb-12

 

CUSIP: 806857108    ISIN: AN8068571086    SEDOL: 2779201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L.S. Currie   Mgmt   For   For
Elect Director Tony Isaac   Mgmt   For   For
Elect Director K. Vaman Kamath   Mgmt   For   For
Elect Director Paal Kibsgaard   Mgmt   For   For
Elect Director Nikolay Kudryavtsev   Mgmt   For   For
Elect Director Adrian Lajous   Mgmt   For   For
Elect Director Michael E. Marks   Mgmt   For   For
Elect Director Elizabeth Moler   Mgmt   For   For
Elect Director Lubna S. Olayan   Mgmt   For   For
Elect Director Leo Rafael Reif   Mgmt   For   For
Elect Director Tore I. Sandvold   Mgmt   For   For
Elect Director Henri Seydoux   Mgmt   For   For

Schlumberger Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt and Approve Financials and Dividends   Mgmt   For   For
Ratify PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: The plan includes restricted stock and performance goals or hurdle rates were not established. TDAM generally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

BP plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BP.    12-Apr-12    United Kingdom    G12793108    Annual    10-Apr-12

 

CUSIP: G12793108    ISIN: GB0007980591    SEDOL: 0798059

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Robert Dudley as Director   Mgmt   For   For
Re-elect Iain Conn as Director   Mgmt   For   For
Elect Dr Brian Gilvary as Director   Mgmt   For   For
Re-elect Dr Byron Grote as Director   Mgmt   For   For
Re-elect Paul Anderson as Director   Mgmt   For   For
Re-elect Frank Bowman as Director   Mgmt   For   For
Re-elect Antony Burgmans as Director   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect George David as Director   Mgmt   For   For
Re-elect Ian Davis as Director   Mgmt   For   For
Elect Dame Ann Dowling as Director   Mgmt   For   For
Re-elect Brendan Nelson as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Elect Andrew Shilston as Director   Mgmt   For   For

BP plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Carl-Henric Svanberg as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vinci SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DG    12-Apr-12    France    F5879X108    Annual/Special    06-Apr-12

 

CUSIP: F5879X108    ISIN: FR0000125486    SEDOL: B1XH026

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.77 per Share   Mgmt   For   For
Reelect Jean Pierre Lamoure as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Related Party Transaction Re: Financing of Sud Europe Atlantique High Speed Railway Project   Mgmt   For   For
Approve Related Party Transaction of Vinci and Vinci Concessions with Vinci Autoroutes Re: Participation in ASF Holding   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.

Vinci SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Weyerhaeuser Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WY    12-Apr-12    USA    962166104    Annual    17-Feb-12

 

CUSIP: 962166104    ISIN: US9621661043    SEDOL: 2958936

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Debra A. Cafaro   Mgmt   For   For
Elect Director Mark A. Emmert   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the company’s 2010 annual meeting, the company received a shareholder proposal asking the company to amend its bylaws to give holders of ten percent of outstanding shares the right to call special meetings. This shareholder proposal received 55.1 percent of votes cast. At the 2011 AGM the company submitted a management proposal to allow the holders of not less than 25 percent of outstanding shares to call a special meeting. The majority supported shareholder resolution is still not implemented. Consequently, TDAM would normally oppose the members of the Governance Committee Emmert, Piasecki, Sinkfield, and Steuert. As the company is in the process of declassifyng the board, not all directors are proposed for election at this meeting.
Elect Director Daniel S. Fulton   Mgmt   For   For
Elect Director John I. Kieckhefer   Mgmt   For   For
Elect Director Wayne W. Murdy   Mgmt   For   For
Elect Director Nicole W. Piasecki   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Charles R. Williamson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Chemical Financial Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHFC    16-Apr-12    USA    163731102    Annual    17-Feb-12

 

CUSIP: 163731102    ISIN: US1637311028    SEDOL: 2190277

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Anderson   Mgmt   For   For
Elect Director J. Daniel Bernson   Mgmt   For   For
Elect Director Nancy Bowman   Mgmt   For   For
Elect Director James R. Fitterling   Mgmt   For   For
Elect Director Thomas T. Huff   Mgmt   For   For
Elect Director Michael T. Laethem   Mgmt   For   For
Elect Director James B. Meyer   Mgmt   For   For
Elect Director Terence F. Moore   Mgmt   For   For
Elect Director Aloysius J. Oliver   Mgmt   For   For
Elect Director David B. Ramaker   Mgmt   For   For
Elect Director Grace O. Shearer   Mgmt   For   For
Elect Director Larry D. Stauffer   Mgmt   For   For
Elect Director Franklin C. Wheatlake   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Citigroup Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
C    17-Apr-12    USA    172967424    Annual    21-Feb-12

 

CUSIP: 172967424    ISIN: US1729674242    SEDOL: 2297907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Franz B. Humer   Mgmt   For   For

Citigroup Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Joss   Mgmt   For   For
Elect Director Michael E. O’Neill   Mgmt   For   For
Elect Director Vikram S. Pandit   Mgmt   For   For
Elect Director Lawrence R. Ricciardi   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Elect Director Anthony M. Santomero   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director William S. Thompson, Jr.   Mgmt   For   For
Elect Director Ernesto Zedillo Ponce de Leon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM normally opposes option/compensation plans when full plan text is not included in the circular, and will oppose incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance. In this case, only certain awards vest based on the attainment of business performance goals, and these objectives are not specified in the plan.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Political Contributions and Lobbying Expenditures   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as the company has already effectively imposed incentives for senior executives to align their decision-making with the long-term interests of the company. Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Pinnacle Financial Partners, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNFP    17-Apr-12    USA    72346Q104    Annual    24-Feb-12

 

CUSIP: 72346Q104    ISIN: US72346Q1040    SEDOL: 2675097

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen Conway-Welch   Mgmt   For   For
Elect Director Ed C. Loughry, Jr.   Mgmt   For   For
Elect Director Hal N. Pennington   Mgmt   For   For
Elect Director M. Terry Turner   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Stanley Black & Decker, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWK    17-Apr-12    USA    854502101    Annual    27-Feb-12

 

CUSIP: 854502101    ISIN: US8545021011    SEDOL: B3Q2FJ4

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patrick D. Campbell   Mgmt   For   For
Elect Director Benjamin H. Griswold, IV   Mgmt   For   For
Elect Director Eileen S. Kraus   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

T. Rowe Price Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TROW    17-Apr-12    USA    74144T108    Annual    17-Feb-12

 

CUSIP: 74144T108    ISIN: US74144T1088    SEDOL: 2702337

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward C. Bernard   Mgmt   For   For
Elect Director James T. Brady   Mgmt   For   For
Elect Director J. Alfred Broaddus, Jr.   Mgmt   For   For
Elect Director Donald B. Hebb, Jr.   Mgmt   For   For
Elect Director James A.C. Kennedy   Mgmt   For   For
Elect Director Robert F. MacLellan   Mgmt   For   For
Elect Director Brian C. Rogers   Mgmt   For   For
Elect Director Alfred Sommer   Mgmt   For   For
Elect Director Dwight S. Taylor   Mgmt   For   For
Elect Director Anne Marie Whittemore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

EQT Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQT    18-Apr-12    USA    26884L109    Annual    15-Feb-12

 

CUSIP: 26884L109    ISIN: US26884L1098    SEDOL: 2319414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth M. Burke   Mgmt   For   For
Elect Director Margaret K. Dorman   Mgmt   For   For
Elect Director Philip G. Behrman   Mgmt   For   For
Elect Director A. Bray Cary, Jr.   Mgmt   For   For
Elect Director Lee T. Todd, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

EQT Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: TDAM generally supports the annual election of directors.

Wesbanco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSBC    18-Apr-12    USA    950810101    Annual    05-Mar-12

 

CUSIP: 950810101    ISIN: US9508101014    SEDOL: 2953782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ray A. Byrd   Mgmt   For   For
Elect Director Ernest S. Fragale   Mgmt   For   For
Elect Director Reed J. Tanner   Mgmt   For   For
Elect Director John W. Fisher, II   Mgmt   For   For
Elect Director D. Bruce Knox   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    19-Apr-12    United Kingdom    G03764134    Annual    17-Apr-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect David Challen as Director   Mgmt   For   For
Re-elect Sir CK Chow as Director   Mgmt   For   For

Anglo American plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Sir Philip Hampton as Director   Mgmt   For   For
Re-elect Rene Medori as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Re-elect Ray O’Rourke as Director   Mgmt   For   For
Re-elect Sir John Parker as Director   Mgmt   For   For
Re-elect Mamphela Ramphele as Director   Mgmt   For   For
Re-elect Jack Thompson as Director   Mgmt   For   For
Re-elect Peter Woicke as Director   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Intuitive Surgical, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ISRG    19-Apr-12    USA    46120E602    Annual    27-Feb-12

 

CUSIP: 46120E602    ISIN: US46120E6023    SEDOL: 2871301

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary S. Guthart   Mgmt   For   For
Elect Director Mark J. Rubash   Mgmt   For   For
Elect Director Lonnie M. Smith   Mgmt   For   For
Amend Stock Option Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.

Intuitive Surgical, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Rio Tinto plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    19-Apr-12    United Kingdom    G75754104    Annual    17-Apr-12

 

CUSIP: G75754104    ISIN: GB0007188757    SEDOL: 0718875

 

  Proponent   Mgmt Rec   Vote Instruction
Resolutions 1 to 16 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Chris Lynch as Director   Mgmt   For   For
Elect John Varley as Director   Mgmt   For   For
Re-elect Tom Albanese as Director   Mgmt   For   For
Re-elect Robert Brown as Director   Mgmt   For   For
Re-elect Vivienne Cox as Director   Mgmt   For   For
Re-elect Jan du Plessis as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Michael Fitzpatrick as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Richard Goodmanson as Director   Mgmt   For   For
Re-elect Lord Kerr as Director   Mgmt   For   For
Re-elect Paul Tellier as Director   Mgmt   For   For
Re-elect Sam Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Resolutions 17 to 22 will be Voted on by Rio Tinto plc Shareholders Only   Mgmt    
Approve Global Employee Share Plan   Mgmt   For   For
Approve Share Savings Plan   Mgmt   For   For

Rio Tinto plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vivendi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VIV    19-Apr-12    France    F97982106    Annual    13-Apr-12

 

CUSIP: F97982106    ISIN: FR0000127771    SEDOL: 4834777

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1 per Share   Mgmt   For   For
Reelect Jean-Rene Fourtou as Supervisory Board Member   Mgmt   For   For
Reelect Philippe Donnet as Supervisory Board Member   Mgmt   For   For
Renew Appointment of Ernst et Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Auditex as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

LaSalle Hotel Properties

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LHO    20-Apr-12    USA    517942108    Annual    08-Feb-12

 

CUSIP: 517942108    ISIN: US5179421087    SEDOL: 2240161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey T. Foland   Mgmt   For   For
Elect Director Darryl Hartley-Leonard   Mgmt   For   For
Elect Director William S. McCalmont   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

GDF Suez

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSZ    23-Apr-12    France    F42768105    Annual/Special    17-Apr-12

 

CUSIP: F42768105    ISIN: FR0010208488    SEDOL: B0C2CQ3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.50 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Gerard Mestrallet as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent. TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Jean-Francois Cirelli as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Jean-Louis Beffa as Director   Mgmt   For   For
Reelect Paul Desmarais Jr as Director   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Lord Simon of Highbury as Director   Mgmt   For   For
Appoint Gerard Lamarche as Censor   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted because the company has failed to provide an adequate rationale on the proposed nomination.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Approve Issuance of up to 20 Percent of Issued Capital Per Year for a Private Placement, up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 275 Million   Mgmt   For   For
Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Article 13 of Bylaws Re: Employee Representatives in the Board   Mgmt   For   For
Amend Articles 16 and 17 of Bylaws Re: Age limit of the CEO and the Chairman of the Board   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Approve Payment of Interim Dividends (Shares)   Mgmt   For   For
Shareholder Proposal   Mgmt    
Approve Dividends od EUR 0.83 per Share   SH   Against   Against
Policy Rationale: This item corresponds to the approval of the allocation of income/distribution policy. TDAM votes with management on such proposals.

S&T Bancorp, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STBA    23-Apr-12    USA    783859101    Annual    19-Mar-12

 

CUSIP: 783859101    ISIN: US7838591011    SEDOL: 2781109

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Brenzia   Mgmt   For   For
Elect Director Todd D. Brice   Mgmt   For   For
Elect Director John J. Delaney   Mgmt   For   For
Elect Director Michael J. Donnelly   Mgmt   For   For
Elect Director William J. Gatti   Mgmt   For   For
Elect Director Jeffrey D. Grube   Mgmt   For   For
Elect Director Frank W. Jones   Mgmt   For   For
Elect Director Joseph A. Kirk   Mgmt   For   For
Elect Director David L. Krieger   Mgmt   For   For
Elect Director James V. Milano   Mgmt   For   For
Elect Director James C. Miller   Mgmt   For   For
Elect Director Alan Papernick   Mgmt   For   For
Elect Director Robert Rebich, Jr.   Mgmt   For   For
Elect Director Charles A. Spadafora   Mgmt   For   For
Elect Director Christine J. Toretti   Mgmt   For   For
Elect Director Charles G. Urtin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM supports an annual advisory vote on executive compensation.

Seaboard Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEB    23-Apr-12    USA    811543107    Annual    27-Feb-12

 

CUSIP: 811543107    ISIN: US8115431079    SEDOL: 2786687

Seaboard Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Bresky   Mgmt   For   Withhold
Policy Rationale: Items 1.1 - 1.5: TDAM generally recommends opposing Boards or specific nominees if possible, who previously authorized excessive compensation. In this case, the inclusion of excessive change in control or severance payments is a matter of concern, in particular, certain agreements contain guaranteed bonus and excessive severance provisions. In addition, support for the election of Steven J. Bresky is not warranted as TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director David A. Adamsen   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Douglas W. Baena   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Joseph E. Rodrigues   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Edward I. Shifman, Jr.   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Ratify Auditors   Mgmt   For   For
Animal Welfare   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

Dana Holding Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAN    24-Apr-12    USA    235825205    Annual    24-Feb-12

 

CUSIP: 235825205    ISIN: US2358252052    SEDOL: B2PFJR3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virginia A. Kamsky   Mgmt   For   For
Elect Director Terrence J. Keating   Mgmt   For   For
Elect Director Joseph C. Muscari   Mgmt   For   For
Elect Director Steven B. Schwarzwaelder   Mgmt   For   For
Elect Director Richard F. Wallman   Mgmt   For   For
Elect Director Keith E. Wandell   Mgmt   For   For
Elect Director Roger J. Wood   Mgmt   For   For

 

Dana Holding Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

International Business Machines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBM    24-Apr-12    USA    459200101    Annual    24-Feb-12

 

CUSIP: 459200101    ISIN: US4592001014    SEDOL: 2005973

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alain J.P. Belda   Mgmt   For   For
Elect Director William R. Brody   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director David N. Farr   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director James W. Owens   Mgmt   For   For
Elect Director Samuel J. Palmisano   Mgmt   For   For
Elect Director Virginia M. Rometty   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Sidney Taurel   Mgmt   For   For
Elect Director Lorenzo H. Zambrano   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

International Business Machines Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Newmont Mining Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEM    24-Apr-12    USA    651639106    Annual    24-Feb-12

 

CUSIP: 651639106    ISIN: US6516391066    SEDOL: 2636607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce R. Brook   Mgmt   For   For
Elect Director Vincent A. Calarco   Mgmt   For   For
Elect Director Joseph A. Carrabba   Mgmt   For   For
Elect Director Noreen Doyle   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Michael S. Hamson   Mgmt   For   For
Elect Director Jane Nelson   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director John B. Prescott   Mgmt   For   For
Elect Director Donald C. Roth   Mgmt   For   For
Elect Director Simon R. Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Rollins, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROL    24-Apr-12    USA    775711104    Annual    02-Mar-12

 

CUSIP: 775711104    ISIN: US7757111049    SEDOL: 2747305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary W. Rollins   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Elect Director Henry B. Tippie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

RPC, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RES    24-Apr-12    USA    749660106    Annual    02-Mar-12

 

CUSIP: 749660106    ISIN: US7496601060    SEDOL: 2719456

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard A. Hubbell   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Linda H. Graham   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Bill J. Dismuke   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Wells Fargo & Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WFC    24-Apr-12    USA    949746101    Annual    24-Feb-12

 

CUSIP: 949746101    ISIN: US9497461015    SEDOL: 2649100

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Baker, II   Mgmt   For   For

Wells Fargo & Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Elaine L. Chao   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Lloyd H. Dean   Mgmt   For   For
Elect Director Susan E. Engel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Cynthia H. Milligan   Mgmt   For   For
Elect Director Nicholas G. Moore   Mgmt   For   For
Elect Director Federico F. Pena   Mgmt   For   For
Elect Director Philip J. Quigley   Mgmt   For   For
Elect Director Judith M. Runstad   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Susan G. Swenson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM generally opposes this item.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Anheuser-Busch InBev SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABI    25-Apr-12    Belgium    B6399C107    Annual/Special    11-Apr-12

 

CUSIP: B6399C107    ISIN: BE0003793107    SEDOL: 4755317

 

  Proponent   Mgmt Rec   Vote Instruction
Annual and Special Meeting   Mgmt    
Special Meeting   Mgmt    
Receive Special Board Report   Mgmt    
Receive Special Auditor Report   Mgmt    
Eliminate Preemptive Rights Re: Issuance of Warrants   Mgmt   For   Against
Policy Rationale: Items A1c, A1d, A1e and A1g: TDAM opposes these items because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices and this practice may compromise non-executive directors’ independence.
Approve Issuance of 215,000 Warrants   Mgmt   For   Against
Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Re: Issuance of Warrants as Proposed under Item A1d   Mgmt   For   Against
Approve Deviation from Belgian Company Law Provision Re: Grant of Warrants to Non-Executive Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices which is not in shareholders’ best interests.
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   Against
Annual Meeting   Mgmt    
Receive Directors’ Reports (Non-Voting)   Mgmt    
Receive Auditors’ Reports (Non-Voting)   Mgmt    
Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)   Mgmt    
Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Approve Discharge of Auditors   Mgmt   For   For
Receive Information on Resignation of Peter Harf as Director   Mgmt    
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: Items B8a and B8b: TDAM opposes these items because shares under the annual incentive bonus may be granted at a 10-percent discount.

Anheuser-Busch InBev SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant.
Approve Change-of-Control Clause Re : Updated EMTN Program   Mgmt   For   For
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   For

E. I. du Pont de Nemours and Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DD    25-Apr-12    USA    263534109    Annual    29-Feb-12

 

CUSIP: 263534109    ISIN: US2635341090    SEDOL: 2018175

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Richard H. Brown   Mgmt   For   For
Elect Director Robert A. Brown   Mgmt   For   For
Elect Director Bertrand P. Collomb   Mgmt   For   For
Elect Director Curtis J. Crawford   Mgmt   For   For
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Eleuthere I. Du Pont   Mgmt   For   For
Elect Director Marillyn A. Hewson   Mgmt   For   For
Elect Director Lois D. Juliber   Mgmt   For   For
Elect Director Ellen J. Kullman   Mgmt   For   For
Elect Director Lee M. Thomas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM opposes this proposal as the company has a nomination committee composed entirely of independent directors.

E. I. du Pont de Nemours and Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Pay Disparity   SH   Against   Against
Policy Rationale: TDAM support for this item is not merited as the company already provides a Management Say on Pay (MSOP) proposal for shareholders to provide input on the company’s executive compensation practices. Additionally, it is unclear that the requested analysis evaluating and justifying differences in compensation between senior executives and non-executives, as well as other elements of this proposal, would produce meaningful information on the company’s compensation policies and practices.

Eaton Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ETN    25-Apr-12    USA    278058102    Annual    27-Feb-12

 

CUSIP: 278058102    ISIN: US2780581029    SEDOL: 2300883

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Arthur E. Johnson   Mgmt   For   For
Elect Director Deborah L. McCoy   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

General Electric Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GE    25-Apr-12    USA    369604103    Annual    27-Feb-12

 

CUSIP: 369604103    ISIN: US3696041033    SEDOL: 2380498

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Ann M. Fudge   Mgmt   For   For
Elect Director Susan Hockfield   Mgmt   For   For

General Electric Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey R. Immelt   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Alan G. Lafley   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Ralph S. Larsen   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Robert J. Swieringa   Mgmt   For   For
Elect Director James S. Tisch   Mgmt   For   For
Elect Director Douglas A. Warner, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Material Terms of Senior Officer Performance Goals   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Nuclear Activities   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and has a corporate governance and/or a nomination committee composed entirely of independent directors.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM supports this proposal because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

The Coca-Cola Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KO    25-Apr-12    USA    191216100    Annual    27-Feb-12

 

CUSIP: 191216100    ISIN: US1912161007    SEDOL: 2206657

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert A. Allen   Mgmt   For   For
Elect Director Ronald W. Allen   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Richard M. Daley   Mgmt   For   For
Elect Director Barry Diller   Mgmt   For   For
Elect Director Evan G. Greenberg   Mgmt   For   For
Elect Director Alexis M. Herman   Mgmt   For   For
Elect Director Muhtar Kent   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Robert A. Kotick   Mgmt   For   For
Elect Director Maria Elena Lagomasino   Mgmt   For   For
Elect Director Donald F. McHenry   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director James D. Robinson, III   Mgmt   For   For
Elect Director Peter V. Ueberroth   Mgmt   For   For
Elect Director Jacob Wallenberg   Mgmt   For   For
Elect Director James B. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

1st Source Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRCE    26-Apr-12    USA    336901103    Annual    17-Feb-12

 

CUSIP: 336901103    ISIN: US3369011032    SEDOL: 2341848

1st Source Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tracy D. Graham   Mgmt   For   For
Elect Director Allison N. Egidi   Mgmt   For   For
Elect Director Craig A. Kapson   Mgmt   For   For
Elect Director John T. Phair   Mgmt   For   For
Elect Director Mark D. Schwabero   Mgmt   For   For

AstraZeneca plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AZN    26-Apr-12    United Kingdom    G0593M107    Annual    24-Apr-12

 

CUSIP: G0593M107    ISIN: GB0009895292    SEDOL: 0989529

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Confirm First Interim Dividend; Confirm as Final Dividend the Second Interim Dividend   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Louis Schweitzer as Director   Mgmt   For   For
Re-elect David Brennan as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Elect Genevieve Berger as Director   Mgmt   For   For
Re-elect Bruce Burlington as Director   Mgmt   For   For
Elect Graham Chipchase as Director   Mgmt   For   For
Re-elect Jean-Philippe Courtois as Director   Mgmt   For   For
Elect Leif Johansson as Director   Mgmt   For   For
Re-elect Rudy Markham as Director   Mgmt   For   For
Re-elect Nancy Rothwell as Director   Mgmt   For   For
Re-elect Shriti Vadera as Director   Mgmt   For   For
Re-elect John Varley as Director   Mgmt   For   For
Re-elect Marcus Wallenberg as Director   Mgmt   For   For

AstraZeneca plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Approve 2012 Savings-Related Share Option Scheme   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Boston Private Financial Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BPFH    26-Apr-12    USA    101119105    Annual    02-Mar-12

 

CUSIP: 101119105    ISIN: US1011191053    SEDOL: 2081133

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert S. Alexander   Mgmt   For   For
Elect Director Lynn Thompson Hoffman   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At last year’s annual meeting, a shareholder proposal received support from 72.4 percent of votes cast, representing a majority of the company s shares outstanding. However, in this year’s proposal to declassify the board (see Item 3), management has refrained from recommending in favor of the proposal. A management proposal with other than a FOR recommendation by management is not considered to be sufficient action taken. Therefore, the board has failed to act on this proposal. Accordingly, TDAM would normally oppose the elections of Lynn Thompson Hoffman, Eugene S. Colangelo, William J. Shea, and Stephen M. Waters. However, given the classified nature of the board, Hoffman is the only member of the nominating and governance committee proposed for election this year.
Elect Director John Morton, III   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   None   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

British American Tobacco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BATS    26-Apr-12    United Kingdom    G1510J102    Annual    24-Apr-12

 

CUSIP: G1510J102    ISIN: GB0002875804    SEDOL: 0287580

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Richard Burrows as Director   Mgmt   For   For
Re-elect John Daly as Director   Mgmt   For   For
Re-elect Karen de Segundo as Director   Mgmt   For   For
Re-elect Nicandro Durante as Director   Mgmt   For   For
Re-elect Robert Lerwill as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Gerry Murphy as Director   Mgmt   For   For
Re-elect Kieran Poynter as Director   Mgmt   For   For
Re-elect Anthony Ruys as Director   Mgmt   For   For
Re-elect Sir Nicholas Scheele as Director   Mgmt   For   For
Re-elect Ben Stevens as Director   Mgmt   For   For
Elect Ann Godbehere as Director   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

CenterPoint Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNP    26-Apr-12    USA    15189T107    Annual    27-Feb-12

 

CUSIP: 15189T107    ISIN: US15189T1079    SEDOL: 2440637

CenterPoint Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Campbell   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   For
Elect Director O. Holcombe Crosswell   Mgmt   For   For
Elect Director Michael P. Johnson   Mgmt   For   For
Elect Director Janiece M. Longoria   Mgmt   For   For
Elect Director David M. McClanahan   Mgmt   For   For
Elect Director Susan O. Rheney   Mgmt   For   For
Elect Director R. A. Walker   Mgmt   For   For
Elect Director Peter S. Wareing   Mgmt   For   For
Elect Director Sherman M. Wolff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Corning Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLW    26-Apr-12    USA    219350105    Annual    23-Feb-12

 

CUSIP: 219350105    ISIN: US2193501051    SEDOL: 2224701

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John Seely Brown   Mgmt   For   For
Elect Director Stephanie A. Burns   Mgmt   For   For
Elect Director John A. Canning, Jr.   Mgmt   For   For
Elect Director Richard T. Clark   Mgmt   For   For
Elect Director James B. Flaws   Mgmt   For   For
Elect Director Gordon Gund   Mgmt   For   For
Elect Director Kurt M. Landgraf   Mgmt   For   For
Elect Director Deborah D. Rieman   Mgmt   For   For
Elect Director H. Onno Ruding   Mgmt   For   For
Elect Director Mark S. Wrighton   Mgmt   For   For

Corning Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.

DCT Industrial Trust Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DCT    26-Apr-12    USA    233153105    Annual    06-Mar-12

 

CUSIP: 233153105    ISIN: US2331531051    SEDOL: B1L5PD8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Wattles   Mgmt   For   For
Elect Director Philip L. Hawkins   Mgmt   For   For
Elect Director Marilyn A. Alexander   Mgmt   For   For
Elect Director Thomas F. August   Mgmt   For   For
Elect Director John S. Gates, Jr.   Mgmt   For   For
Elect Director Raymond B. Greer   Mgmt   For   For
Elect Director Tripp H. Hardin   Mgmt   For   For
Elect Director John C. O’keeffe   Mgmt   For   For
Elect Director Bruce L. Warwick   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

eBay Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EBAY    26-Apr-12    USA    278642103    Annual    08-Mar-12

 

CUSIP: 278642103    ISIN: US2786421030    SEDOL: 2293819

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director William C. Ford, Jr.   Mgmt   For   For
Elect Director Dawn G. Lepore   Mgmt   For   For
Elect Director Kathleen C. Mitic   Mgmt   For   For
Elect Director Pierre M. Omidyar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasonsing, proposal increases shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

HCP, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HCP    26-Apr-12    USA    40414L109    Annual    02-Mar-12

 

CUSIP: 40414L109    ISIN: US40414L1098    SEDOL: 2417578

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James F. Flaherty, III   Mgmt   For   For
Elect Director Christine N. Garvey   Mgmt   For   For
Elect Director David B. Henry   Mgmt   For   For
Elect Director Lauralee E. Martin   Mgmt   For   For
Elect Director Michael D. McKee   Mgmt   For   For

HCP, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Kenneth B. Roath   Mgmt   For   For
Elect Director Joseph P. Sullivan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Humana Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HUM    26-Apr-12    USA    444859102    Annual    27-Feb-12

 

CUSIP: 444859102    ISIN: US4448591028    SEDOL: 2445063

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. D’Amelio   Mgmt   For   For
Elect Director W. Roy Dunbar   Mgmt   For   For
Elect Director Kurt J. Hilzinger   Mgmt   For   For
Elect Director David A. Jones, Jr.   Mgmt   For   For
Elect Director Michael B. McCallister   Mgmt   For   For
Elect Director William J. McDonald   Mgmt   For   For
Elect Director William E. Mitchell   Mgmt   For   For
Elect Director David B. Nash   Mgmt   For   For
Elect Director James J. O’Brien   Mgmt   For   For
Elect Director Marissa T. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Johnson & Johnson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JNJ    26-Apr-12    USA    478160104    Annual    28-Feb-12

 

CUSIP: 478160104    ISIN: US4781601046    SEDOL: 2475833

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Sue Coleman   Mgmt   For   For
Elect Director James G. Cullen   Mgmt   For   For
Elect Director Ian E.l. Davis   Mgmt   For   For
Elect Director Alex Gorsky   Mgmt   For   For
Elect Director Michael M.e. Johns   Mgmt   For   For
Elect Director Susan L. Lindquist   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Leo F. Mullin   Mgmt   For   For
Elect Director William D. Perez   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director David Satcher   Mgmt   For   For
Elect Director William C. Weldon   Mgmt   For   For
Elect Director Ronald A. Williams   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require Shareholder Vote to Approve Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Animal-Free Training Methods   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Koninklijke Philips Electronics

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    26-Apr-12    Netherlands    N6817P109    Annual    29-Mar-12

 

CUSIP: N6817P109    ISIN: NL0000009538    SEDOL: 5986622

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
President’s Speech   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Approve Dividends of EUR 0.75 Per Share   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect E. Kist to Supervisory Board   Mgmt   For   For
Elect N. Dhawan to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Board to Exclude Preemptive Rights from Issuance under Item 4a   Mgmt   For   For
Approve Reduction in Share Capital by Cancellation of Shares   Mgmt   For   For
Authorize Repurchase of Shares   Mgmt   For   For
Other Business (Non-Voting)   Mgmt    

Lexicon Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LXRX    26-Apr-12    USA    528872104    Annual    29-Feb-12

 

CUSIP: 528872104    ISIN: US5288721047    SEDOL: 2576930

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur T. Sands   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Philippe J. Amouyal   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Lexicon Pharmaceuticals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank P. Palantoni   Mgmt   For   For
Amend Certificate of Incorporation to Increase the Board Size and Allowing for an Increase Above Thirteen Directors as Necessary   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business. Moreover, performance criteria have not been disclosed, TDAM normally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Pfizer Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PFE    26-Apr-12    USA    717081103    Annual    28-Feb-12

 

CUSIP: 717081103    ISIN: US7170811035    SEDOL: 2684703

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis A. Ausiello   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 51.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 20 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of Ausiello, Hobbs, Burns, Gray, Horner, Mascotte, and Sanger, who serve on the Corporate Governance committee of the board.
Elect Director M. Anthony Burns   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Pfizer Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director Frances D. Fergusson   Mgmt   For   For
Elect Director William H. Gray, III   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Helen H. Hobbs   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Constance J. Horner   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director James M. Kilts   Mgmt   For   For
Elect Director George A. Lorch   Mgmt   For   For
Elect Director John P. Mascotte   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ian C. Read   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc Tessier-Lavigne   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Publish Political Contributions   SH   Against   Against
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Non-Employee Director Compensation   SH   Against   Against

TIBCO Software Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TIBX    26-Apr-12    USA    88632Q103    Annual    27-Feb-12

 

CUSIP: 88632Q103    ISIN: US88632Q1031    SEDOL: 2437747

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vivek Y. Ranadive   Mgmt   For   For
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Eric C.W. Dunn   Mgmt   For   For
Elect Director Narendra K. Gupta   Mgmt   For   For
Elect Director Peter J. Job   Mgmt   For   For
Elect Director Philip K. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Westamerica Bancorporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WABC    26-Apr-12    USA    957090103    Annual    27-Feb-12

 

CUSIP: 957090103    ISIN: US9570901036    SEDOL: 2950374

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Etta Allen   Mgmt   For   For
Elect Director Louis E. Bartolini   Mgmt   For   For
Elect Director E. Joseph Bowler   Mgmt   For   For
Elect Director Arthur C. Latno, Jr.   Mgmt   For   For
Elect Director Patrick D. Lynch   Mgmt   For   For
Elect Director Catherine Cope MacMillan   Mgmt   For   For
Elect Director Ronald A. Nelson   Mgmt   For   For
Elect Director David L. Payne   Mgmt   For   For
Elect Director Edward B. Sylvester   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Westamerica Bancorporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Abbott Laboratories

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABT    27-Apr-12    USA    002824100    Annual    29-Feb-12

 

CUSIP: 002824100    ISIN: US0028241000    SEDOL: 2002305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Alpern   Mgmt   For   For
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Sally E. Blount   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Edward M. Liddy   Mgmt   For   For
Elect Director Nancy McKinstry   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director Glenn F. Tilton   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Abbott Laboratories

 

  Proponent   Mgmt Rec   Vote Instruction
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted as the company has in place a corporate governance and/or nomination committee composed entirely of independent directors.
Adopt Anti Gross-up Policy   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. However, the use of gross-ups should still be monitored going forward.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Cease Compliance Adjustments to Performance Criteria   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Pro-rata Vesting of Equity Plans   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      

American Capital, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACAS    27-Apr-12    USA    02503Y103    Annual    01-Mar-12

 

CUSIP: 02503Y103    ISIN: US02503Y1038    SEDOL: 2101990

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary C. Baskin   Mgmt   For   For
Elect Director Neil M. Hahl   Mgmt   For   For
Elect Director Philip R. Harper   Mgmt   For   For
Elect Director John A. Koskinen   Mgmt   For   For
Elect Director Stan Lundine   Mgmt   For   For
Elect Director Kenneth D. Peterson, Jr.   Mgmt   For   For

American Capital, Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Amend Securities Transfer Restrictions   Mgmt   For   For
Policy Rationale: TDAM’s policy is applied to the fullest extent possible taking into account best practices, regulations and customs in the jurisdiction. As such, support is merited for this item as the potential value of the company’s estimated NOLs is significant and the proposed transfer restrictions will serve to protect these NOLs. Furthermore, the company does not have a history of poor governance or response to shareholders’ concerns.
Ratify Auditors   Mgmt   For   For

AT&T Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
T    27-Apr-12    USA    00206R102    Annual    28-Feb-12

 

CUSIP: 00206R102    ISIN: US00206R1023    SEDOL: 2831811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall L. Stephenson   Mgmt   For   For
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Reuben V. Anderson   Mgmt   For   For
Elect DirectorJames H. Blanchard   Mgmt   For   For
Elect DirectorJaime Chico Pardo   Mgmt   For   For
Elect Director James P. Kelly   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director John B. McCoy   Mgmt   For   For
Elect Director Joyce M. Roche   Mgmt   For   For
Elect Director Matthew K. Rose   Mgmt   For   For
Elect Director Laura D’Andrea Tyson   Mgmt   For   For
Ratification Of Appointment Of Independent Auditors.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For

AT&T Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Political Contributions   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Barclays plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BARC    27-Apr-12    United Kingdom    G08036124    Annual    25-Apr-12

 

CUSIP: G08036124    ISIN: GB0031348658    SEDOL: 3134865

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Marcus Agius as Director   Mgmt   For   For
Re-elect David Booth as Director   Mgmt   For   For
Re-elect Alison Carnwath as Director   Mgmt   For   For
Re-elect Fulvio Conti as Director   Mgmt   For   For
Re-elect Bob Diamond as Director   Mgmt   For   For
Re-elect Simon Fraser as Director   Mgmt   For   For
Re-elect Reuben Jeffery III as Director   Mgmt   For   For
Re-elect Sir Andrew Likierman as Director   Mgmt   For   For
Re-elect Chris Lucas as Director   Mgmt   For   For
Re-elect Dambisa Moyo as Director   Mgmt   For   For
Re-elect Sir Michael Rake as Director   Mgmt   For   For

Barclays plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Sir John Sunderland as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BASF SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAS    27-Apr-12    Germany    D06216317    Annual   

 

CUSIP: D06216101    ISIN: DE000BASF111    SEDOL: 5086577

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Amend Articles Re: Electronic and Postal Voting at AGM   Mgmt   For   For

Bayer AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAYN    27-Apr-12    Germany    D0712D163    Annual   

 

CUSIP: D0712D163    ISIN: DE000BAY0017    SEDOL: 5069211

Bayer AG

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 1.65 per Share for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Manfred Schneider to the Supervisory Board (Term End: Sept. 30, 2012)   Mgmt   For   For
Elect Werner Wenning to the Supervisory Board (Term Begin: Oct. 1, 2012)   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Clemens Boersig to the Supervisory Board   Mgmt   For   For
Elect Thomas Ebeling to the Supervisory Board   Mgmt   For   For
Elect Klaus Kleinfeld to the Supervisory Board   Mgmt   For   For
Elect Helmut Panke to the Supervisory Board   Mgmt   For   For
Elect Sue Rataj to the Supervisory Board   Mgmt   For   For
Elect Ekkehard Schulz to the Supervisory Board   Mgmt   For   For
Elect Klaus Sturany to the Supervisory Board   Mgmt   For   For
Elect Ernst-Ludwig Winnacker to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Amend Articles Re: Remuneration of Supervisory Board   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors for Fiscal 2012   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    27-Apr-12    USA    911363109    Special    22-Mar-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Issue Shares in Connection with Acquisition   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.

American Express Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXP    30-Apr-12    USA    025816109    Annual    01-Mar-12

 

CUSIP: 025816109    ISIN: US0258161092    SEDOL: 2026082

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Barshefsky   Mgmt   For   For
Elect Director U.M. Burns   Mgmt   For   For
Elect Director K.I. Chenault   Mgmt   For   For
Elect Director P. Chernin   Mgmt   For   For
Elect Director T.J. Leonsis   Mgmt   For   For
Elect Director J. Leschly   Mgmt   For   For
Elect Director R.C. Levin   Mgmt   For   For
Elect Director R.A. McGinn   Mgmt   For   For
Elect Director E.D. Miller   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.D. Walter   Mgmt   For   For
Director R.A. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

American Express Company

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Eni Spa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENI    30-Apr-12    Italy    T3643A145    Annual/Special    19-Apr-12

 

CUSIP: T3643A145    ISIN: IT0003132476    SEDOL: 7145056

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Articles 17 and 28; Add New Article 34 (Board-Related)   Mgmt   For   For

Motorola Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSI    30-Apr-12    USA    620076307    Annual    02-Mar-12

 

CUSIP: 620076307    ISIN: US6200763075    SEDOL: B5BKPQ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory Q. Brown   Mgmt   For   For

Motorola Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William J. Bratton   Mgmt   For   For
Elect Director Kenneth C. Dahlberg   Mgmt   For   For
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder resolution asking the board to amend the company’s bylaws to give holders of 10 percent of the company’s outstanding common stock the power to call a special meeting received support from 79.6 percent of votes cast at the 2009 AGM. In response to the voting support at the 2009 annual meeting, the board amended the company’s bylaws to provide shareholders with the ability to call a special meeting if they own 20 percent or more of outstanding shares, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, Michael V. Hayden, and Judy C. Lewent, who serve on the Governance and Nominating committee.
Elect Director Michael V. Hayden   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Judy C. Lewent   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director John A. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Encourage Suppliers to Produce Sustainability Reports   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, a vote against this shareholder proposal is warranted.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Noting that the company has policies and practices in place to encourage executive focus on long- term company performance, this proposal provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

American Capital Agency Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGNC    01-May-12    USA    02503X105    Annual    09-Mar-12

 

CUSIP: 02503X105    ISIN: US02503X1054    SEDOL: B2R8TC5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Couch   Mgmt   For   For
Elect Director Morris A. Davis   Mgmt   For   For
Elect Director Randy E. Dobbs   Mgmt   For   For
Elect Director Larry K. Harvey   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Elect Director Samuel A. Flax   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.
Ratify Auditors   Mgmt   For   For

Bristol-Myers Squibb Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMY    01-May-12    USA    110122108    Annual    09-Mar-12

 

CUSIP: 110122108    ISIN: US1101221083    SEDOL: 2126335

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Lewis B. Campbell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to provide holders of 10% of outstanding stock the right to call special meetings received support from 54.7 percent of votes cast at the 2009 AGM. Upon the recommendation of the Committee on Directors and Corporate Governance, which is the Nominating Committee, a proposal to permit stockholders holding at least 25% of outstanding voting stock to call special meetings of stockholders was presented at the 2010 AGM. Given the continued inaction, a vote against the members of the governance committee, Louis J. Freeh, Lewis B. Campbell, Laurie H. Glimcher, Alan J. Lacy, Togo D. West, Jr., R. Sanders Williams, is warranted.
Elect Director James M. Cornelius   Mgmt   For   For

Bristol-Myers Squibb Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Louis J. Freeh   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Laurie H. Glimcher   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Michael Grobstein   Mgmt   For   For
Elect Director Alan J. Lacy   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vicki L. Sato   Mgmt   For   For
Elect Director Elliott Sigal   Mgmt   For   For
Elect Director Gerald L. Storch   Mgmt   For   For
Elect Director Togo D. West, Jr.   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director R. Sanders Williams   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Peabody Energy Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BTU    01-May-12    USA    704549104    Annual    12-Mar-12

 

CUSIP: 704549104    ISIN: US7045491047    SEDOL: 2753454

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory H. Boyce   Mgmt   For   For
Elect Director William A. Coley   Mgmt   For   For
Elect Director William E. James   Mgmt   For   For
Elect Director Robert B. Karn, III   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Henry E. Lentz   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director William C. Rusnack   Mgmt   For   For
Elect Director John F. Turner   Mgmt   For   For
Elect Director Sandra A. Van Trease   Mgmt   For   For
Elect Director Alan H. Washkowitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Select Medical Holdings Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEM    01-May-12    USA    81619Q105    Annual    05-Mar-12

 

CUSIP: 81619Q105    ISIN: US81619Q1058    SEDOL: B4MF0Q6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Rocco A. Ortenzio   Mgmt   For   For
Elect Director Thomas A. Scully   Mgmt   For   For

Select Medical Holdings Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Brunswick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BC    02-May-12    USA    117043109    Annual    05-Mar-12

 

CUSIP: 117043109    ISIN: US1170431092    SEDOL: 2149309

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne E. Belec   Mgmt   For   For
Elect Director Manuel A. Fernandez   Mgmt   For   For
Elect Director J. Steven Whisler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DISH Network Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DISH    02-May-12    USA    25470M109    Annual    07-Mar-12

 

CUSIP: 25470M109    ISIN: US25470M1099    SEDOL: 2303581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph P. Clayton   Mgmt   For   Withhold

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Elect Director James DeFranco   Mgmt   For   Withhold

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Elect Director Cantey M. Ergen   Mgmt   For   Withhold

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

DISH Network Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles W. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven R. Goodbarn   Mgmt   For   For
Elect Director Gary S. Howard   Mgmt   For   For
Elect Director David K. Moskowitz   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Tom A. Ortolf   Mgmt   For   For
Elect Director Carl E. Vogel   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

General Dynamics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GD    02-May-12    USA    369550108    Annual    08-Mar-12

 

CUSIP: 369550108    ISIN: US3695501086    SEDOL: 2365161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary T. Barra   Mgmt   For   For
Elect Director Nicholas D. Chabraja   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director William P. Fricks   Mgmt   For   For
Elect Director Jay L. Johnson   Mgmt   For   For
Elect Director James L. Jones   Mgmt   For   For
Elect Director Paul G. Kaminski   Mgmt   For   For
Elect Director John M. Keane   Mgmt   For   For
Elect Director Lester L. Lyles   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For

General Dynamics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Robert Walmsley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM will support this propoasl given the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights, and the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Hatteras Financial Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HTS    02-May-12    USA    41902R103    Annual    14-Mar-12

 

CUSIP: 41902R103    ISIN: US41902R1032    SEDOL: B2R5SY1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Hough   Mgmt   For   For
Elect Director Benjamin M. Hough   Mgmt   For   For
Elect Director David W. Berson   Mgmt   For   For
Elect Director Ira G. Kawaller   Mgmt   For   For
Elect Director Jeffrey D. Miller   Mgmt   For   For
Elect Director Thomas D. Wren   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Molina Healthcare, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MOH    02-May-12    USA    60855R100    Annual    13-Mar-12

 

CUSIP: 60855R100    ISIN: US60855R1005    SEDOL: 2212706

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Garrey E. Carruthers   Mgmt   For   For
Elect Director Frank E. Murray   Mgmt   For   For
Elect Director John P. Szabo, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rackspace Hosting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RAX    02-May-12    USA    750086100    Annual    09-Mar-12

 

CUSIP: 750086100    ISIN: US7500861007    SEDOL: 2591524

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. James Bishkin   Mgmt   For   For
Elect Director Fred Reichheld   Mgmt   For   For
Elect Director Mark P. Mellin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).

TriQuint Semiconductor, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TQNT    02-May-12    USA    89674K103    Annual    05-Mar-12

 

CUSIP: 89674K103    ISIN: US89674K1034    SEDOL: 2904393

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles Scott Gibson   Mgmt   For   For

TriQuint Semiconductor, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David H.Y. Ho   Mgmt   For   For
Elect Director Nicolas Kauser   Mgmt   For   For
Elect Director Ralph G. Quinsey   Mgmt   For   For
Elect Director Walden C. Rhines   Mgmt   For   For
Elect Director Steven J. Sharp   Mgmt   For   For
Elect Director Willis C. Young   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    03-May-12    USA    019344100    Annual    20-Mar-12

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

American Campus Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACC    03-May-12    USA    024835100    Annual    12-Mar-12

 

CUSIP: 024835100    ISIN: US0248351001    SEDOL: B02H871

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Bayless, Jr.   Mgmt   For   For
Elect Director R.D. Burck   Mgmt   For   For
Elect Director G. Steven Dawson   Mgmt   For   For
Elect Director Cydney C. Donnell   Mgmt   For   For
Elect Director Edward Lowenthal   Mgmt   For   For
Elect Director Winston W. Walker   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

E.ON AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EOAN    03-May-12    Germany    D24914133    Annual   

 

CUSIP: D24914133    ISIN: DE000ENAG999    SEDOL: 4942904

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 1.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PriceWaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Change of Corporate Form to Societas Europaea (SE)   Mgmt   For   For
Approve Creation of EUR 460 Million Pool of Capital with Partial Exclusion of Preemptive Rights   Mgmt   For   For

E.ON AG

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR175 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Bruce Cooper. Did not hear from other portfolio managers by vote deadline, therefore voting in line with ISS reasoning which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Ericsson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    03-May-12    Sweden    W26049119    Annual    26-Apr-12

 

CUSIP: W26049119    ISIN: SE0000108656    SEDOL: 5959378

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report   Mgmt    
Receive President’s Report; Allow Questions   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 2.50 per Share   Mgmt   For   For
Determine Number of Members (12) and Deputy Members of Board (0)   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 3.75 Million to the Chairman and SEK 875,000 for Other Directors (Including Possibility to Receive Part of Remuneration in Phantom Shares); Approve Remuneration for Committee Work   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect L. Johansson, R. Austin, P. Bonfield, B. Ekholm, U. Johansson, S. Martin-Lof, N. McKinstry, A. Nyren, H. Vestberg, M. Volpi, and J. Wallenberg as Directors; Elect A. Izosimov as New Director   Mgmt   For   For
Policy Rationale: At this company, 58 percent of the shareholder-elected board members can be classified as independent.
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan for All Employees   Mgmt   For   For
Authorize Reissuance of 13.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for All Employees   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.2   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.2, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Authorize Reissuance of 10.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.5   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.5, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Authorize Reissuance of 7.3 Million Repurchased Class B Shares for 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Approve Swap Agreement with Third Party as Alternative to Item 11.8   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.8, while lowering the majority requirement compared to the primary financing alternative.
Authorize Reissuance of up to 15.5 Million Repurchased Class B Shares to Cover Social Costs in Connection with 2008, 2009, 2010, and 2011 Long-Term Variable Compensation Plans   Mgmt   For   For
Shareholder Proposal from Einar Hellbom   Mgmt    

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Instruct the Board to Investigate How All Shares Are to be Given the Same Voting Power and To Present Such a Proposal at the Next Annual General Meeting   SH   None   For
Policy Rationale: TDAM believes all shareholders should be treated equally and all shares should have equal voting rights based upon the principle of “one share, one vote”. Accordingly, support for this item is warranted, since this resolution concerns a plan of providing all shares with equal voting rights, which would bring shareholder voting rights in line with their equity capital commitment.
Close Meeting   Mgmt    

GlaxoSmithKline plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSK    03-May-12    United Kingdom    G3910J112    Annual    01-May-12

 

CUSIP: G3910J112    ISIN: GB0009252882    SEDOL: 0925288

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Sir Christopher Gent as Director   Mgmt   For   For
Re-elect Sir Andrew Witty as Director   Mgmt   For   For
Re-elect Sir Roy Anderson as Director   Mgmt   For   For
Re-elect Dr Stephanie Burns as Director   Mgmt   For   For
Re-elect Stacey Cartwright as Director   Mgmt   For   For
Re-elect Larry Culp as Director   Mgmt   For   For
Re-elect Sir Crispin Davis as Director   Mgmt   For   For
Re-elect Simon Dingemans as Director   Mgmt   For   For
Re-elect Judy Lewent as Director   Mgmt   For   For
Re-elect Sir Deryck Maughan as Director   Mgmt   For   For
Re-elect Dr Daniel Podolsky as Director   Mgmt   For   For
Re-elect Dr Moncef Slaoui as Director   Mgmt   For   For
Re-elect Tom de Swaan as Director   Mgmt   For   For
Re-elect Sir Robert Wilson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For

GlaxoSmithKline plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise the Audit & Risk Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Approve 2012 ShareSave Plan   Mgmt   For   For
Approve 2012 ShareReward Plan   Mgmt   For   For

H & M Hennes & Mauritz

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMB    03-May-12    Sweden    W41422101    Annual    26-Apr-12

 

CUSIP: W41422101    ISIN: SE0000106270    SEDOL: 5687431

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Elect Chairman of Meeting   Mgmt   For   For
Receive President’s Report; Allow Questions   Mgmt    
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive Auditor’s Report on Application of Guidelines for Remuneration for Executive Management   Mgmt    
Receive Auditor’s and Auditing Committee’s Reports   Mgmt    
Receive Chairman’s Report About Board Work   Mgmt    
Receive Report of the Chairman of the Nominating Committee   Mgmt    

H & M Hennes & Mauritz

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 9.50 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (8) and Deputy Members (0) of Board   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 1.35 Million to Chairman and SEK 475,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Reelect Mia Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson (Chairman), Melker Schorling, and Christian Sievert as Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes slates of directors when the majority of the board is not independent.
Elect Chairman of the Board and Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of Nominating Committee   Mgmt   For   Against
Policy Rationale: TDAM opposes the appointment of a nominating committee due to the chairman of the board also serving as chairman of the current nominating committee, with no evidence that this would cease to be the case following this election.
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Close Meeting   Mgmt    

HealthSouth Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HLS    03-May-12    USA    421924309    Annual    07-Mar-12

 

CUSIP: 421924309    ISIN: US4219243098    SEDOL: B1G9B93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Chidsey   Mgmt   For   For
Elect Director Donald L. Correll   Mgmt   For   For
Elect Director Yvonne M. Curl   Mgmt   For   For
Elect Director Charles M. Elson   Mgmt   For   For
Elect Director Jay Grinney   Mgmt   For   For
Elect Director Jon F. Hanson   Mgmt   For   For

HealthSouth Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leo I. Higdon, Jr.   Mgmt   For   For
Elect Director John E. Maupin, Jr.   Mgmt   For   For
Elect Director L. Edward Shaw, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Invesco Mortgage Capital Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVR    03-May-12    USA    46131B100    Annual    05-Mar-12

 

CUSIP: 46131B100    ISIN: US46131B1008    SEDOL: B5ZW0F0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director G. Mark Armour   Mgmt   For   For
Elect Director James S. Balloun   Mgmt   For   For
Elect Director John S. Day   Mgmt   For   For
Elect Director Karen Dunn Kelley   Mgmt   For   For
Elect Director James R. Lientz, Jr.   Mgmt   For   For
Elect Director Neil Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nokia Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOK1V    03-May-12    Finland    X61873133    Annual    20-Apr-12

 

CUSIP: X61873133    ISIN: FI0009000681    SEDOL: 5902941

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Call the Meeting to Order   Mgmt    

Nokia Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Designate Inspector or Shareholder Representative(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive CEO’s Review   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.20 Per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 440,000 for the Chairman, EUR 150,000 for Deputy Chairman, and EUR 130,000 for Other Directors   Mgmt   For   For
Fix Number of Directors at 11   Mgmt   For   For
Reelect Stephen Elop, Henning Kagermann, Jouko Karvinen, Helge Lund, Isabel Marey-Semper, Dame Marjorie Scardino, Risto Siilasmaa, and Kari Stadigh as Directors; Elect Bruce Brown, Mårten Mickos, and Elizabeth Nelson as New Directors   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Authorize Share Repurchase Program   Mgmt   For   For
Close Meeting   Mgmt    

Schneider Electric SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SU    03-May-12    France    F86921107    Annual/Special    26-Apr-12

 

CUSIP: F86921107    ISIN: FR0000121972    SEDOL: 4834108

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.70 per Share   Mgmt   For   For

Schneider Electric SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Additional Pension Scheme Agreement with Jean Pascal Tricoire   Mgmt   For   For
Approve Severance Payment Agreement with Jean Pascal Tricoire   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance package to be granted to Jean-Pascal Tricoire is not deemed totally in line with best market practices, in view of the concerns on the maximum amount of the severance payments, the triggering events, the performance criteria, and the potential combination with an additional pension scheme. Jean-Pascal Tricoire may also continue to benefit from unvested stock options and performance shares after his departure.
Reelect Leo Apotheker as Supervisory Board Member   Mgmt   For   For
Ratify Appointment of Xavier Fontanet as Supervisory Board Member   Mgmt   For   For
Elect Antoine Gosset-Grainville as Supervisory Board Member   Mgmt   For   For
Reelect Willy Kissling as Supervisory Board Member   Mgmt   For   For
Reelect Henri Lachmann as Supervisory Board Member   Mgmt   For   For
Reelect Rick Thoman as Supervisory Board Member   Mgmt   For   For
Elect Manfred Brill as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 12 - 15: Given the overall level of board independence (71 percent), the support provided by the management board, in compliance with a supervisory board recommendation, and the disclosure on the rationale behind this support, TDAM votes against Items 12, 13, and 15.
Reelect Claude Briquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Elect Magali Herbaut as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Thierry Jacquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

United Parcel Service, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UPS    03-May-12    USA    911312106    Annual    05-Mar-12

 

CUSIP: 911312106    ISIN: US9113121068    SEDOL: 2517382

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Michael J. Burns   Mgmt   For   For
Elect Director D. Scott Davis   Mgmt   For   For
Elect Director Stuart E. Eizenstat   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director William R. Johnson   Mgmt   For   For
Elect Director Candace Kendle   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director Rudy H.P. Markham   Mgmt   For   For
Elect Director Clark T. Randt, Jr.   Mgmt   For   For
Elect Director John W. Thompson   Mgmt   For   For
Elect Director Carol B. Tome   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Report on Lobbying Contributions and Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VZ    03-May-12    USA    92343V104    Annual    05-Mar-12

 

CUSIP: 92343V104    ISIN: US92343V1044    SEDOL: 2090571

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Carrion   Mgmt   For   Against

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to take the steps necessary to amend the company’s bylaws and each appropriate governing document to give holders of 10% of the outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 50.6 percent of votes cast at the 2009 AGM. In addition, the proposal requested that no exclusionary provisions be included. Subsequently, Verizon amended its bylaws to allow one or more record holders owning in the aggregate not less than 25 percent of outstanding shares to convene a special meeting. Verizon’s bylaws contain certain exclusions on the ability of shareholders to call a special meeting. It is further noted that Verizon has received shareholder proposals related to shareholders’ right to call special meetings which also garnered significant support in each year since the 2009 AGM. A proposal has again been presented to shareholders at the 2012 AGM (see Item 17) requesting the board to give holders of 15% of outstanding common stock the power to call a special shareowner meeting and that such bylaw and/or charter text not have any exclusionary or prohibitive language applicable only to shareowners but not to management and/or the board. As the board continues to ignore the shareholder resolution which was favourably supported, a vote against Sandra O. Moose, Richard L. Carrión, Donald T. Nicolaisen, Hugh B. Price, Rodney E. Slater, and John W. Snow, who serve on the Corporate Governance committee of the board, is warranted. It is noted that Mr. Snow is retiring from the Board in May 2012 and not standing for re-election.
Elect Director Melanie L. Healey   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Lowell C. McAdam   Mgmt   For   For
Elect Director Sandra O. Moose   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Joseph Neubauer   Mgmt   For   For
Elect Director Donald T. Nicolaisen   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Clarence Otis, Jr.   Mgmt   For   For
Elect Director Hugh B. Price   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rodney E. Slater   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Performance-Based and/or Time-Based Equity Awards   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Acme Packet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
APKT    04-May-12    USA    004764106    Annual    06-Mar-12

 

CUSIP: 004764106    ISIN: US0047641065    SEDOL: B17WCB0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Elsbree   Mgmt   For   For
Elect Director Patrick J. MeLampy   Mgmt   For   For
Elect Director Robert G. Ory   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Sanofi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    04-May-12    France    F5548N101    Annual/Special    27-Apr-12

 

CUSIP: F5548N101    ISIN: FR0000120578    SEDOL: 5671735

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.65 per Share   Mgmt   For   For
Elect Laurent Attal as Director   Mgmt   For   For
Reelect Uwe Bicker as Director   Mgmt   For   For
Reelect Jean Rene Fourtou as Director   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Carole Piwnica as Director   Mgmt   For   For
Reelect Klaus Pohle as Director   Mgmt   For   For
Appoint Ernst & Young et Autres as Auditor   Mgmt   For   For
Appoint Auditex as Alternate Auditor   Mgmt   For   For
Ratify Change of Registered Office to 54, rue La Boetie, 75008 Paris and Amend Article 4 of Bylaws Accordingly   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1.2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

The Brink’s Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BCO    04-May-12    USA    109696104    Annual    05-Mar-12

 

CUSIP: 109696104    ISIN: US1096961040    SEDOL: 2691305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reginald D. Hedgebeth   Mgmt   For   For

The Brink’s Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Betty C. Alewine   Mgmt   For   For
Elect Director Michael J. Herling   Mgmt   For   For
Elect Director Thomas C. Schievelbein   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines, as analysis indicates reasonable alignment of compensation and performance.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

The GEO Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GEO    04-May-12    USA    36159R103    Annual    02-Mar-12

 

CUSIP: 36159R103    ISIN: US36159R1032    SEDOL: 2943299

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clarence E. Anthony   Mgmt   For   For
Elect Director Norman A. Carlson   Mgmt   For   For
Elect Director Anne N. Foreman   Mgmt   For   For
Elect Director Richard H. Glanton   Mgmt   For   For
Elect Director Christopher C. Wheeler   Mgmt   For   For
Elect Director George C. Zoley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

The GEO Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights; the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks, especially in light of recent incidents and the international scope of its business.
Report on Lobbying Payments and Policy   SH   Against   Against
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Berkshire Hathaway Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRK.B    05-May-12    USA    084670702    Annual    07-Mar-12

 

CUSIP: 084670702    ISIN: US0846707026    SEDOL: 2073390

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren E. Buffett   Mgmt   For   For
Elect Director Charles T. Munger   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director David S. Gottesman   Mgmt   For   For
Elect Director Charlotte Guyman   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Thomas S. Murphy   Mgmt   For   For
Elect Director Ronald L. Olson   Mgmt   For   For
Elect Director Walter Scott, Jr.   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

CBL & Associates Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBL    07-May-12    USA    124830100    Annual    09-Mar-12

 

CUSIP: 124830100    ISIN: US1248301004    SEDOL: 2167475

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Foy   Mgmt   For   For
Elect Director Thomas J. DeRosa   Mgmt   For   For
Elect Director Matthew S. Dominski   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal to require a majority vote for the election of directors received supporting votes from 68.9 percent of votes cast, and 57.31 percent of outstanding shares. However, the company has not taken any action in response to this vote. Accordingly, TDAM would normally oppose the elections of Walker, Bryenton, Dominski, and Nay, as they serve on the Nominating and Corporate Governance committee of the board. However, as the board is still in the process of declassification, only Dominski is proposed for election this year.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Alterra Capital Holdings Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALTE    08-May-12    Bermuda    G0229R108    Annual    29-Feb-12

 

CUSIP: G6052F103    ISIN: BMG0229R1088    SEDOL: B4KTGD9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Marston Becker as Director   Mgmt   For   For
Elect James D. Carey as Director   Mgmt   For   For
Elect K. Bruce Connell as Director   Mgmt   For   For
Elect W. Thomas Forrester as Director   Mgmt   For   For
Elect Meryl D. Hartzband as Director   Mgmt   For   For
Elect Willis T. King, Jr. as Director   Mgmt   For   For
Elect James H. MacNaughton as Director   Mgmt   For   For
Elect Stephan F. Newhouse as Director   Mgmt   For   For
Elect Michael O’Reilly as Director   Mgmt   For   For

Alterra Capital Holdings Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Andrew H. Rush as Director   Mgmt   For   For
Elect Mario P. Torsiello as Director   Mgmt   For   For
Elect James L. Zech as Director   Mgmt   For   For
Ratify the Appointment of KPMG as Alterra Capital’s Independent Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CDE    08-May-12    USA    192108504    Annual    12-Mar-12

 

CUSIP: 192108504    ISIN: US1921085049    SEDOL: 2208136

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. Michael Bogert   Mgmt   For   For
Elect Director James J. Curran   Mgmt   For   For
Elect Director Sebastian Edwards   Mgmt   For   For
Elect Director Mitchell J. Krebs   Mgmt   For   For
Elect Director Andrew Lundquist   Mgmt   For   For
Elect Director Robert E. Mellor   Mgmt   For   For
Elect Director John H. Robinson   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Timothy R. Winterer   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Crosstex Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTXI    08-May-12    USA    22765Y104    Annual    20-Mar-12

 

CUSIP: 22765Y104    ISIN: US22765Y1047    SEDOL: 2263306

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leldon E. Echols   Mgmt   For   For
Elect Director Sheldon B. Lubar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Policy Rationale: TDAM supports this proposal as the company’s current equal employment opportunity (EEO) policies do not address gender identity.

Sotheby’s

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BID    08-May-12    USA    835898107    Annual    14-Mar-12

 

CUSIP: 835898107    ISIN: US8358981079    SEDOL: 2822406

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John M. Angelo   Mgmt   For   For
Elect Director Michael Blakenham   Mgmt   For   For
Elect Director Steven B. Dodge   Mgmt   For   For
Elect Director The Duke Of Devonshire   Mgmt   For   For
Elect Director Daniel Meyer   Mgmt   For   For
Elect Director Allen Questrom   Mgmt   For   For
Elect Director William F. Ruprecht   Mgmt   For   For
Elect Director Marsha E. Simms   Mgmt   For   For
Elect Director Michael I. Sovern   Mgmt   For   For
Elect Director Robert S. Taubman   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director Dennis M. Weibling   Mgmt   For   For

Sotheby’s

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Pro-rata Vesting of Equity Awards   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Allianz SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALV    09-May-12    Germany    D03080112    Annual   

 

CUSIP: D03080112    ISIN: DE0008404005    SEDOL: 5231485

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 4.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Wulf Bernotat as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Gerhard Cromme as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Renate Koecher as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Igor Landau as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Helmut Perlet as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies that have between 500 and 2,000 employees, one third of the supervisory board must be made up of employee representatives.
Elect Denis Sutherland as Shareholder Representative to the Supervisory Board   Mgmt   For   For

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Dante Barban as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Gabriele Burkhardt-Berg as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Jacques Cette as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Ira Gloe-Semler as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Franz Heiss as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Rolf Zimmermann as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Giovanni Casiroli as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For

Elect Josef Hochburger as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Claude Le Goaer as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Joerg Reinbrecht as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Juergen Lawrenz as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Frank Kirsch as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Amend Articles Re: Term of Supervisory Board Members   Mgmt   For   For
Authorise Exclusion of Preemptive Rights for the Issuance of Shares from Authorized Capital 2010/I   Mgmt   For   For

Bank of America Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAC    09-May-12    USA    060505104    Annual    14-Mar-12

 

CUSIP: 060505104    ISIN: US0605051046    SEDOL: 2295677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mukesh D. Ambani   Mgmt   For   For
Elect Director Susan S. Bies   Mgmt   For   For
Elect Director Frank P. Bramble, Sr.   Mgmt   For   For

Bank of America Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virgis W. Colbert   Mgmt   For   For
Elect Director Charles K. Gifford   Mgmt   For   For
Elect Director Charles O. Holliday, Jr.   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Thomas J. May   Mgmt   For   For
Elect Director Brian T. Moynihan   Mgmt   For   For
Elect Director Donald E. Powell   Mgmt   For   For
Elect Director Charles O. Rossotti   Mgmt   For   For
Elect Director Robert W. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. The Company’s current policies on stock ownership are adequately connected to long-term interests of shareholders. Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current internal controls are robust and as such this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

ConocoPhillips

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COP    09-May-12    USA    20825C104    Annual    12-Mar-12

 

CUSIP: 20825C104    ISIN: US20825C1045    SEDOL: 2685717

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Richard H. Auchinleck   Mgmt   For   For
Elect Director James E. Copeland, Jr.   Mgmt   For   For
Elect Director Kenneth M. Duberstein   Mgmt   For   For
Elect Director Ruth R. Harkin   Mgmt   For   For
Elect Director Ryan M. Lance   Mgmt   For   For
Elect Director Mohd H. Marican   Mgmt   For   For
Elect Director Harold W. McGraw, III   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Robert A. Niblock   Mgmt   For   For

Elect Director Harald J. Norvik   Mgmt   For   For
Elect Director William K. Reilly   Mgmt   For   For
Elect Director Victoria J. Tschinkel   Mgmt   For   For
Elect Director Kathryn C. Turner   Mgmt   For   For
Elect Director William E. Wade, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy to Address Coastal Louisiana Environmental Impacts   SH   Against   Against
Report on Accident Risk Reduction Efforts   SH   Against   Against
Report on Lobbying Payments and Policy   SH   Against   Against
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because ConocoPhillips does not provide corporate- wide goals to reduce GHG emissions from its products or operations. Given the prospects for regulatory changes and eventual legislation on this issue, ConocoPhillips could provide more transparency to its shareholders on its Climate Change Action Plan and other internal GHG emissions reduction initiatives and goals.

ConocoPhillips

 

  Proponent   Mgmt Rec   Vote Instruction
Amend EEO Policy to Prohibit Discrimination based on Gender Identity   SH   Against   For
Policy Rationale: TDAM support for this item is merited as the company’s EEO policy includes sexual orientation but does not specifically address the topic of gender identity or expression. Shareholders would benefit from the company adding gender identity into its EEO policy, taking into account changing state and federal legislation and the adoption of similar policies at many other companies.

L air liquide

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AI    09-May-12    France    F01764103    Annual/Special    03-May-12

 

CUSIP: F01764103    ISIN: FR0000120073    SEDOL: B1YXBJ7

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Reelect Karen Katen as Director   Mgmt   For   For
Elect Pierre Dufour as Director   Mgmt   For   For
Approve Transaction with Pierre Dufour   Mgmt   For   Against
Policy Rationale: TDAM does not support the severance package to be granted to Pierre Dufour because it is not in line with best market practices in view of the concerns on the maximum amount of the severance package, on the existence and the stringency of performance conditions, and on triggering events.
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 250 Million for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Ordinary Business   Mgmt    

L air liquide

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

NewStar Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEWS    09-May-12    USA    65251F105    Annual    02-Apr-12

 

CUSIP: 65251F105    ISIN: US65251F1057    SEDOL: B1L7CP5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles N. Bralver   Mgmt   For   For
Elect Director Timothy J. Conway   Mgmt   For   For
Elect Director Bradley E. Cooper   Mgmt   For   For
Elect Director Brian L.P. Fallon   Mgmt   For   For
Elect Director Frank R. Noonan   Mgmt   For   For
Elect Director Maureen P. O’Hara   Mgmt   For   For
Elect Director Peter A. Schmidt-Fellner   Mgmt   For   For
Elect Director Richard E. Thornburgh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Penske Automotive Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAG    09-May-12    USA    70959W103    Annual    16-Mar-12

 

CUSIP: 70959W103    ISIN: US70959W1036    SEDOL: 2943523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Barr   Mgmt   For   For
Elect Director Michael R. Eisenson   Mgmt   For   For
Elect Director Robert H. Kurnick, Jr.   Mgmt   For   For
Elect Director William J. Lovejoy   Mgmt   For   For

Penske Automotive Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kimberly J. McWaters   Mgmt   For   For
Elect Director Yoshimi Namba   Mgmt   For   For
Elect Director Lucio A. Noto   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Richard J. Peters   Mgmt   For   For
Elect Director Ronald G. Steinhart   Mgmt   For   For
Elect Director H. Brian Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Standard Chartered plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STAN    09-May-12    United Kingdom    G84228157    Annual    04-May-12

 

CUSIP: G84228157    ISIN: GB0004082847    SEDOL: 0408284

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Viswanathan Shankar as Director   Mgmt   For   For
Re-elect Stefano Bertamini as Director   Mgmt   For   For
Re-elect Jaspal Bindra as Director   Mgmt   For   For
Re-elect Richard Delbridge as Director   Mgmt   For   For
Re-elect James Dundas as Director   Mgmt   For   For
Re-elect Valerie Gooding as Director   Mgmt   For   For
Re-elect Dr Han Seung-soo as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For

Standard Chartered plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Rudolph Markham as Director   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item because the nominee is considered to be a non-independent NED and is Chairman of the Audit Committee. In addition, the nominee is the designated Senior Independent Director, a role which should be reserved for an unquestionably independent NED.
Re-elect Ruth Markland as Director   Mgmt   For   For
Re-elect Richard Meddings as Director   Mgmt   For   For
Re-elect John Paynter as Director   Mgmt   For   For
Re-elect Sir John Peace as Director   Mgmt   For   For
Re-elect Alun Rees as Director   Mgmt   For   For
Re-elect Peter Sands as Director   Mgmt   For   For
Re-elect Paul Skinner as Director   Mgmt   For   For
Re-elect Oliver Stocken as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

The Warnaco Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRC    09-May-12    USA    934390402    Annual    26-Mar-12

 

CUSIP: 934390402    ISIN: US9343904028    SEDOL: 2352668

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Bell   Mgmt   For   For
Elect Director Robert A. Bowman   Mgmt   For   For
Elect Director Richard Karl Goeltz   Mgmt   For   For

The Warnaco Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheila A. Hopkins   Mgmt   For   For
Elect Director Helen McCluskey   Mgmt   For   For
Elect Director Charles R. Perrin   Mgmt   For   For
Elect Director Nancy A. Reardon   Mgmt   For   For
Elect Director Donald L. Seeley   Mgmt   For   For
Elect Director Cheryl Nido Turpin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    09-May-12    Netherlands    N8981F271    Annual    11-Apr-12

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Receive Report of Management Board   Mgmt    
Approve Financial Statements and Allocation of Income   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect P.G.J.M. Polman as CEO to Board of Directors   Mgmt   For   For
Relect R.J.M.S. Huet as CFO to Board of Directors   Mgmt   For   For
Reelect L.O. Fresco to Board of Directors   Mgmt   For   For
Reelect A.M. Fudge to Board of Directors   Mgmt   For   For
Reelect C.E. Golden to Board of Directors   Mgmt   For   For
Reelect B.E. Grote to Board of Directors   Mgmt   For   For
Reelect S.B. Mittal to Board of Directors   Mgmt   For   For
Reelect H. Nyasulu to Board of Directors   Mgmt   For   For
Reelect M. Rifkind to Board of Directors   Mgmt   For   For

Unilever NV

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect K.J. Storm to Board of Directors   Mgmt   For   For
Reelect M. Treschow to Board of Directors   Mgmt   For   For
Reelect P.S. Walsh to Board of Directors   Mgmt   For   For
Amend Articles of Association   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Authorization to Cancel Ordinary Shares   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Allow Questions and Close Meeting   Mgmt    

Unilever plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULVR    09-May-12    United Kingdom    G92087165    Annual    04-May-12

 

CUSIP: G92087165    ISIN: GB00B10RZP78    SEDOL: B10RZP7

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Paul Polman as Director   Mgmt   For   For
Re-elect Jean-Marc Huet as Director   Mgmt   For   For
Re-elect Louise Fresco as Director   Mgmt   For   For
Re-elect Ann Fudge as Director   Mgmt   For   For
Re-elect Charles Golden as Director   Mgmt   For   For
Re-elect Byron Grote as Director   Mgmt   For   For
Re-elect Sunil Bharti Mittal as Director   Mgmt   For   For
Re-elect Hixonia Nyasulu as Director   Mgmt   For   For
Re-elect Sir Malcolm Rifkind as Director   Mgmt   For   For
Re-elect Kees Storm as Director   Mgmt   For   For

Unilever plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Michael Treschow as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Adopt New Articles of Association   Mgmt   For   For

Anixter International Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXE    10-May-12    USA    035290105    Annual    12-Mar-12

 

CUSIP: 035290105    ISIN: US0352901054    SEDOL: 2468844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lord James Blyth   Mgmt   For   For
Elect Director Frederic F. Brace   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Robert J. Eck   Mgmt   For   For
Elect Director Robert W. Grubbs   Mgmt   For   For
Elect Director F. Philip Handy   Mgmt   For   For
Elect Director Melvyn N. Klein   Mgmt   For   For
Elect Director George Munoz   Mgmt   For   For
Elect Director Stuart M. Sloan   Mgmt   For   For
Elect Director Matthew Zell   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anixter International Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Bill Barrett Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBG    10-May-12    USA    06846N104    Annual    13-Mar-12

 

CUSIP: 06846N104    ISIN: US06846N1046    SEDOL: B04M3T1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Owens   Mgmt   For   For
Elect Director Randy I. Stein   Mgmt   For   For
Elect Director Kevin O. Meyers   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cinemark Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNK    10-May-12    USA    17243V102    Annual    23-Mar-12

 

CUSIP: 17243V102    ISIN: US17243V1026    SEDOL: B1W7RQ0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vahe A. Dombalagian   Mgmt   For   For
Elect Director Peter R. Ezersky   Mgmt   For   For

Cinemark Holdings, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carlos M. Sepulveda   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CVS Caremark Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVS    10-May-12    USA    126650100    Annual    13-Mar-12

 

CUSIP: 126650100    ISIN: US1266501006    SEDOL: 2577609

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. David Brown, II   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 61.2 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, C. David Brown, Anne M. Finucane, Marian L. Heard, and C.A. Lance Piccolo, who serve on the Nominating and Corporate Governance committee of the board.
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Anne M. Finucane   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Kristen Gibney Williams   Mgmt   For   For
Elect Director Marian L. Heard   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Larry J. Merlo   Mgmt   For   For
Elect Director Jean-Pierre Millon   Mgmt   For   For
Elect Director C.A. Lance Piccolo   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

CVS Caremark Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Dril-Quip, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DRQ    10-May-12    USA    262037104    Annual    23-Mar-12

 

CUSIP: 262037104    ISIN: US2620371045    SEDOL: 2116767

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. H. Dick Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Ford Motor Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
F    10-May-12    USA    345370860    Annual    14-Mar-12

 

CUSIP: 345370860    ISIN: US3453708600    SEDOL: 2615468

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen G. Butler   Mgmt   For   For

Ford Motor Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kimberly A. Casiano   Mgmt   For   For
Elect Director Anthony F. Earley, Jr.   Mgmt   For   For
Elect Director Edsel B. Ford II   Mgmt   For   For
Elect Director William Clay Ford, Jr.   Mgmt   For   For
Elect Director Richard A. Gephardt   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director William W. Helman IV   Mgmt   For   For
Elect Director Irvine O. Hockaday, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Richard A. Manoogian   Mgmt   For   For
Elect Director Ellen R. Marram   Mgmt   For   For
Elect Director Alan Mulally   Mgmt   For   For
Elect Director Homer A. Neal   Mgmt   For   For
Elect Director Gerald L. Shaheen   Mgmt   For   For
Elect Director John L. Thornton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting, which allows all votes to be cast for a single candidate or for any two or more of them, should generally be opposed.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: TDAM guidelines support the general principle of “one share, one vote” and will generally oppose classes of shares with unequal voting rights. Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Kohl’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KSS    10-May-12    USA    500255104    Annual    07-Mar-12

 

CUSIP: 500255104    ISIN: US5002551043    SEDOL: 2496113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Boneparth   Mgmt   For   For
Elect Director Steven A. Burd   Mgmt   For   For
Elect Director John F. Herma   Mgmt   For   For
Elect Director Dale E. Jones   Mgmt   For   For
Elect Director William S. Kellogg   Mgmt   For   For
Elect Director Kevin Mansell   Mgmt   For   For
Elect Director John E. Schlifske   Mgmt   For   For
Elect Director Frank V. Sica   Mgmt   For   For
Elect Director Peter M. Sommerhauser   Mgmt   For   For
Elect Director Stephanie A. Streeter   Mgmt   For   For
Elect Director Nina G. Vaca   Mgmt   For   For
Elect Director Stephen E. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Ending Use of Animal Fur in Products   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that management, the Board, and the Compensation Committee are best suited to consider executive compensation and incentive issues, and that the current incentive program adequately aligns compensation and long-term shareholder value. Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Monotype Imaging Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TYPE    10-May-12    USA    61022P100    Annual    22-Mar-12

 

CUSIP: 61022P100    ISIN: US61022P1003    SEDOL: B1YWR85

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Pamela F. Lenehan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Dow Chemical Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DOW    10-May-12    USA    260543103    Annual    19-Mar-12

 

CUSIP: 260543103    ISIN: US2605431038    SEDOL: 2278719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arnold A. Allemang   Mgmt   For   For
Elect Director Jacqueline K. Barton   Mgmt   For   For
Elect Director James A. Bell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 58.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of J. A. Bell and J. M. Fettig, who serve on the board’s Governance committee.
Elect Director Jeff M. Fettig   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director John B. Hess   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director Paul Polman   Mgmt   For   For
Elect Director Dennis H. Reilley   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Elect Director Ruth G. Shaw   Mgmt   For   For

The Dow Chemical Company

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights,.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.

Cameron International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAM    11-May-12    USA    13342B105    Annual    16-Mar-12

 

CUSIP: 13342B105    ISIN: US13342B1052    SEDOL: 2222233

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Baker Cunningham   Mgmt   For   For
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Douglas L. Foshee   Mgmt   For   For
Elect Director Rodolfo Landim   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it reduces shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Cameron International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Restatement of the Company’s Certificate of Incorporation   Mgmt   For   For
Voter Rationale: This is a routine matter that does not raise an issue of principle with respect to corporate governance. As such, TDAM supports this resolution.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Total SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FP    11-May-12    France    F92124100    Annual/Special    07-May-12

 

CUSIP: F92124100    ISIN: FR0000120271    SEDOL: B15C557

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.28 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Christophe de Margerie as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Patrick Artus as Director   Mgmt   For   For
Reelect Bertrand Collomb as Director   Mgmt   For   For
Reelect Anne Lauvergeon as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   For
Ratify Appointment of Gerard Lamarche as Director   Mgmt   For   For
Elect Anne-Marie Idrac as Director   Mgmt   For   For
Approve Severance Payment Agreement with Christophe de Margerie   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item as the severance package granted to Christophe de Margerie is not totally in line with best market practices, in view of the concerns of the triggering events and performance criteria.
Extraordinary Business   Mgmt    

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2.5 Billion and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 850 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 14   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Proposals Made by UES Amont Total Workers’ Counsel   Mgmt    
Approve Additional Indicators to Include in the Information Provided on Corporate Executive Officers Remuneration   SH   Against   Against
Voter Rationale: As the company has fully disclosed the relevant details of its executive compensation practices in its proxy circular, additional disclosure does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Allow Loyalty Dividends to Long-Term Registered Shareholders   SH   Against   Against
Voter Rationale: TDAM generally opposes shareholder proposals which seek to mandate considerations which the board of directors must take into account in making business decisions. The issuance of dividends is a business decision that management, the Board and key Board committees are best suited to consider.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Equity One, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQY    14-May-12    USA    294752100    Annual    05-Mar-12

 

CUSIP: 294752100    ISIN: US2947521009    SEDOL: 2246329

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James S. Cassel   Mgmt   For   For
Elect Director Cynthia R. Cohen   Mgmt   For   For

Equity One, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Neil Flanzraich   Mgmt   For   For
Elect Director Nathan Hetz   Mgmt   For   For
Elect Director Chaim Katzman   Mgmt   For   For
Elect Director Peter Linneman   Mgmt   For   For
Elect Director Jeffrey S. Olson   Mgmt   For   For
Elect Director Dori Segal   Mgmt   For   For
Elect Director David Fischel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Boston Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BXP    15-May-12    USA    101121101    Annual    21-Mar-12

 

CUSIP: 101121101    ISIN: US1011211018    SEDOL: 2019479

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence S. Bacow   Mgmt   For   For
Elect Director Zoe Baird Budinger   Mgmt   For   For
Elect Director Douglas T. Linde   Mgmt   For   For
Elect Director Matthew J. Lustig   Mgmt   For   For
Elect Director Alan J. Patricof   Mgmt   For   For
Elect Director Martin Turchin   Mgmt   For   For
Elect Director David A. Twardock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

GrafTech International Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GTI    15-May-12    USA    384313102    Annual    22-Mar-12

 

CUSIP: 384313102    ISIN: US3843131026    SEDOL: 2906719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randy W. Carson   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Harold E. Layman   Mgmt   For   For
Elect Director Ferrell P. McClean   Mgmt   For   For
Elect Director Nathan Milikowsky   Mgmt   For   For
Elect Director Michael C. Nahl   Mgmt   For   For
Elect Director Steven R. Shawley   Mgmt   For   For
Elect Director Craig S. Shular   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HIW    15-May-12    USA    431284108    Annual    01-Mar-12

 

CUSIP: 431284108    ISIN: US4312841087    SEDOL: 2420640

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas W. Adler   Mgmt   For   For
Elect Director Gene H. Anderson   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director David J. Hartzell   Mgmt   For   For
Elect Director Sherry A. Kellett   Mgmt   For   For
Elect Director Mark F. Mulhern   Mgmt   For   For
Elect Director L. Glenn Orr, Jr.   Mgmt   For   For
Elect Director O. Temple Sloan, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.  
Policy Rationale: TDAM will oppose this item on a case-by-case basis.  

JPMorgan Chase & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JPM    15-May-12    USA    46625h100    Annual    16-Mar-12

 

CUSIP: 46625h100    ISIN: US46625H1005    SEDOL: 2190385

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bell   Mgmt   For   For
Elect Director Crandall C. Bowles   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal seeking the right to act by written consent passed with 54.3 percent of total votes cast at the 2010 AGM. The shareholder resolution was also proposed at the 2011 AGM, where it garnered the support of 49 percent of votes cast, and is included on ballot once more this year (Item 19). To date, the company has not implemented the majority supported resolution. Accordingly, TDAM will continue to oppose the elections of Burke, Raymond, and Weldon, who serve on the Corporate Governance and Nominating committee of the board.
Elect Director David M. Cote   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director James Dimon   Mgmt   For   For
Elect Director Timothy P. Flynn   Mgmt   For   For
Elect Director Ellen V. Futter   Mgmt   For   For
Elect Director Laban P. Jackson, Jr.   Mgmt   For   For
Elect Director Lee R. Raymond   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director William C. Weldon   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Affirm Political Non-Partisanship   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director
Report on Loan Modifications   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. TDAM is of the view that the Company’s current policies and processes for oversight of loan modification are adequate.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.
Stock Retention   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Quidel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QDEL    15-May-12    USA    74838J101    Annual    20-Mar-12

 

CUSIP: 74838J101    ISIN: US74838J1016    SEDOL: 2717591

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas D. Brown   Mgmt   For   For

Quidel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Douglas C. Bryant   Mgmt   For   For
Elect Director Kenneth F. Buechler   Mgmt   For   For
Elect Director Rod F. Dammeyer   Mgmt   For   For
Elect Director Mary Lake Polan   Mgmt   For   For
Elect Director Mark A. Pulido   Mgmt   For   For
Elect Director Jack W. Schuler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Sprint Nextel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
S    15-May-12    USA    852061100    Annual    16-Mar-12

 

CUSIP: 852061100    ISIN: US8520611000    SEDOL: 2922447

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert R. Bennett   Mgmt   For   For
Elect Director Gordon M. Bethune   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director Daniel R. Hesse   Mgmt   For   For
Elect Director V. Janet Hill   Mgmt   For   For
Elect Director Frank Ianna   Mgmt   For   For
Elect Director Sven-Christer Nilsson   Mgmt   For   For
Elect Director William R. Nuti   Mgmt   For   For
Elect Director Rodney O’Neal   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Sprint Nextel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s recommendation, which does not offend TDAM guidelines.
Amend Articles of Incorporation to Opt-out of the Business Combination Statute   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Articles of Incorporation to Eliminate Business Combination Provision   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   For
Adopt Policy on Bonus Banking   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s executive compensation approach effectively aligns executive performance with long-term shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.  
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  

Time Warner Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TWX    15-May-12    USA    887317303    Annual    22-Mar-12

 

CUSIP: 887317303    ISIN: US8873173038    SEDOL: B63QTN2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against

Time Warner Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 55.8 percent of votes cast at the 2009 AGM. Although management lowered the threshold to call special meetings to 15% of shares, there are material restrictions on shareholders’ right to call special meetings. Although the board stated that some of its shareholders have indicated that they preferred a threshold between 10 percent and 25 percent, the resolution requesting a 10 percent threshold was favourably suppported by the company’s shareholders. Accordingly, TDAM will oppose the elections of James L. Barksdale, Robert C. Clark, Jessica P. Einhorn and Kenneth J. Novack, as they serve on the Nominating and Governance committee of the board.
Elect Director William P. Barr   Mgmt   For   For
Elect Director Jeffrey L. Bewkes   Mgmt   For   For
Elect Director Stephen F. Bollenbach   Mgmt   For   For
Elect Director Robert C. Clark   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mathias Dopfner   Mgmt   For   For
Elect Director Jessica P. Einhorn   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Fred Hassan   Mgmt   For   For
Elect Director Kenneth J. Novack   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Paul D. Wachter   Mgmt   For   For
Elect Director Deborah C. Wright   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

American International Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AIG    16-May-12    USA    026874784    Annual    21-Mar-12

 

CUSIP: 026874784    ISIN: US0268747849    SEDOL: 2027342

American International Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Benmosche   Mgmt   For   For
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director John H. Fitzpatrick   Mgmt   For   For
Elect Director Laurette T. Koellner   Mgmt   For   For
Elect Director Donald H. Layton   Mgmt   For   For
Elect Director Christopher S. Lynch   Mgmt   For   For
Elect Director Arthur C. Martinez   Mgmt   For   For
Elect Director George L. Miles, Jr.   Mgmt   For   For
Elect Director Henry S. Miller   Mgmt   For   For
Elect Director Robert S. Miller   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ronald A. Rittenmeyer   Mgmt   For   For
Elect Director Douglas M. Steenland   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Berry Petroleum Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRY    16-May-12    USA    085789105    Annual    19-Mar-12

 

CUSIP: 085789105    ISIN: US0857891057    SEDOL: 2094227

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ralph B. Busch, III   Mgmt   For   For
Elect Director William E. Bush, Jr.   Mgmt   For   For
Elect Director Stephen L. Cropper   Mgmt   For   For
Elect Director J. Herbert Gaul, Jr.   Mgmt   For   For
Elect Director Stephen J. Hadden   Mgmt   For   For
Elect Director Robert F. Heinemann   Mgmt   For   For
Elect Director Thomas J. Jamieson   Mgmt   For   For

Berry Petroleum Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Frank Keller   Mgmt   For   For
Elect Director Michael S. Reddin   Mgmt   For   For
Elect Director Martin H. Young, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BG Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BG.    16-May-12    United Kingdom    G1245Z108    Annual    14-May-12

 

CUSIP: G1245Z108    ISIN: GB0008762899    SEDOL: 0876289

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Vivienne Cox as Director   Mgmt   For   For
Elect Chris Finlayson as Director   Mgmt   For   For
Elect Andrew Gould as Director   Mgmt   For   For
Re-elect Peter Backhouse as Director   Mgmt   For   For
Re-elect Fabio Barbosa as Director   Mgmt   For   For
Re-elect Sir Frank Chapman as Director   Mgmt   For   For
Re-elect Baroness Hogg as Director   Mgmt   For   For
Re-elect Dr John Hood as Director   Mgmt   For   For
Re-elect Martin Houston as Director   Mgmt   For   For
Re-elect Caio Koch-Weser as Director   Mgmt   For   For
Re-elect Sir David Manning as Director   Mgmt   For   For
Re-elect Mark Seligman as Director   Mgmt   For   For
Re-elect Patrick Thomas as Director   Mgmt   For   For
Re-elect Philippe Varin as Director   Mgmt   For   For

BG Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Halliburton Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HAL    16-May-12    USA    406216101    Annual    19-Mar-12

 

CUSIP: 406216101    ISIN: US4062161017    SEDOL: 2405302

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan M. Bennett   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At the 2009 annual meeting, a shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support of 53.3 percent of votes cast. The company amended its bylaws to allow holders of at least 25 percent to call a special meeting. Although the bylaws were also amended to allow a single shareholder owning ten percent of the company’s common stock to call a special meeting, this fails to meet the request of the proponents. Therefore, TDAM will oppose the elections of Bennett, Carroll, Jum’ah, Martin, and Reed, who serve on the Nominating and Corporate Governance Committee.
Elect Director James R. Boyd   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director Murry S. Gerber   Mgmt   For   For
Elect Director S. Malcolm Gillis   Mgmt   For   For
Elect Director Abdallah S. Jum’ah   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director David J. Lesar   Mgmt   For   For

Halliburton Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director J. Landis Martin   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Debra L. Reed   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Magellan Health Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MGLN    16-May-12    USA    559079207    Annual    30-Mar-12

 

CUSIP: 559079207    ISIN: US5590792074    SEDOL: 2307787

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rene Lerer   Mgmt   For   For
Elect Director Mary F. Sammons   Mgmt   For   For
Elect Director Eran Broshy   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Primerica Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRI    16-May-12    USA    74164M108    Annual    19-Mar-12

 

CUSIP: 74164M108    ISIN: US74164M1080    SEDOL: B50K3X8

Primerica Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Richard Williams   Mgmt   For   For
Elect Director Barbara A. Yastine   Mgmt   For   For
Elect Director Daniel A. Zilberman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Qlik Technologies Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QLIK    16-May-12    USA    74733T105    Annual    22-Mar-12

 

CUSIP: 74733T105    ISIN: US74733T1051    SEDOL: B3WPL22

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deborah C. Hopkins   Mgmt   For   For
Elect Director Paul Wahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Silicon Image, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIMG    16-May-12    USA    82705T102    Annual    23-Mar-12

 

CUSIP: 82705T102    ISIN: US82705T1025    SEDOL: 2497581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Hanelt   Mgmt   For   For
Elect Director William George   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Thomson Reuters Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TRI    16-May-12    Canada    884903105    Annual    23-Mar-12

 

CUSIP: 884903105    ISIN: CA8849031056    SEDOL: 2889371

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Thomson   Mgmt   For   For
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James C. Smith   Mgmt   For   For
Elect Director Manvinder S. Banga   Mgmt   For   For
Elect Director Mary Cirillo   Mgmt   For   For
Elect Director Steven A. Denning   Mgmt   For   For
Elect Director Lawton W. Fitt   Mgmt   For   For
Elect Director Roger L. Martin   Mgmt   For   For
Elect Director Sir Deryck Maughan   Mgmt   For   For
Elect Director Ken Olisa   Mgmt   For   For
Elect Director Vance K. Opperman   Mgmt   For   For
Elect Director John M. Thompson   Mgmt   For   For
Elect Director Peter J. Thomson   Mgmt   For   For
Elect Director Wulf von Schimmelmann   Mgmt   For   For
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote on Executive Compensation Approach   Mgmt   For   For
Voter Rationale: No significant compensation issues are identified at this time.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

AmSurg Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMSG    17-May-12    USA    03232P405    Annual    02-Apr-12

 

CUSIP: 03232P405    ISIN: US03232P4054    SEDOL: 2781381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Cigarran   Mgmt   For   For

AmSurg Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Popp, Jr.   Mgmt   For   For
Elect Director Cynthia S. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Geron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GERN    17-May-12    USA    374163103    Annual    20-Mar-12

 

CUSIP: 374163103    ISIN: US3741631036    SEDOL: 2370381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas Hofstaetter   Mgmt   For   For
Elect Director John A. Scarlett   Mgmt   For   For
Elect Director Robert J. Spiegel   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Horsehead Holding Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ZINC    17-May-12    USA    440694305    Annual    30-Mar-12

 

CUSIP: 440694305    ISIN: US4406943054    SEDOL: B23XLC8

Horsehead Holding Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director T. Grant John   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Intel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INTC    17-May-12    USA    458140100    Annual    19-Mar-12

 

CUSIP: 458140100    ISIN: US4581401001    SEDOL: 2463247

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charlene Barshefsky   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director John J. Donahoe   Mgmt   For   For
Elect Director Reed E. Hundt   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director James D. Plummer   Mgmt   For   For
Elect Director David S. Pottruck   Mgmt   For   For
Elect Director Frank D. Yeary   Mgmt   For   For
Elect Director David B. Yoffie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Invacare Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVC    17-May-12    USA    461203101    Annual    23-Mar-12

 

CUSIP: 461203101    ISIN: US4612031017    SEDOL: 2467971

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael F. Delaney   Mgmt   For   For
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director A. Malachi Mixon, III   Mgmt   For   For
Elect Director Baiju R. Shah   Mgmt   For   For
Elect Director Gerald B. Blouch   Mgmt   For   For
Elect Director William M. Weber   Mgmt   For   For
Elect Director Charles S. Robb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

John Bean Technologies Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JBT    17-May-12    USA    477839104    Annual    20-Mar-12

 

CUSIP: 477839104    ISIN: US4778391049    SEDOL: B3BRJZ8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Maury Devine   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kilroy Realty Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KRC    17-May-12    USA    49427F108    Annual    16-Mar-12

 

CUSIP: 49427F108    ISIN: US49427F1084    SEDOL: 2495529

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. Kilroy, Sr.   Mgmt   For   For
Elect Director John B. Kilroy, Jr.   Mgmt   For   For
Elect Director Edward F. Brennan   Mgmt   For   For
Elect Director William P. Dickey   Mgmt   For   For
Elect Director Scott S. Ingraham   Mgmt   For   For
Elect Director Dale F. Kinsella   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, executive compensation is unrelated to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Kindred Healthcare, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KND    17-May-12    USA    494580103    Annual    23-Mar-12

 

CUSIP: 494580103    ISIN: US4945801037    SEDOL: 2752677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward L. Kuntz   Mgmt   For   For
Elect Director Joel Ackerman   Mgmt   For   For
Elect Director Jonathan D. Blum   Mgmt   For   For
Elect Director Thomas P. Cooper   Mgmt   For   For
Elect Director Paul J. Diaz   Mgmt   For   For
Elect Director Christopher T. Hjelm   Mgmt   For   For
Elect Director Isaac Kaufman   Mgmt   For   For
Elect Director Frederick J. Kleisner   Mgmt   For   For
Elect Director Eddy J. Rogers, Jr.   Mgmt   For   For

Kindred Healthcare, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John H. Short   Mgmt   For   For
Elect Director Phyllis R. Yale   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Non-Employee Director Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

MannKind Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MNKD    17-May-12    USA    56400P201    Annual    19-Mar-12

 

CUSIP: 56400P201    ISIN: US56400P2011    SEDOL: B010TR8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alfred E. Mann   Mgmt   For   For
Elect Director Hakan S. Edstrom   Mgmt   For   For
Elect Director Abraham E. Cohen   Mgmt   For   For
Elect Director Ronald Consiglio   Mgmt   For   For
Elect Director Michael Friedman   Mgmt   For   For
Elect Director Kent Kresa   Mgmt   For   For
Elect Director David H. MacCallum   Mgmt   For   For
Elect Director Henry L. Nordhoff   Mgmt   For   For
Elect Director James S. Shannon   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant. TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

MannKind Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Meadowbrook Insurance Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MIG    17-May-12    USA    58319P108    Annual    21-Mar-12

 

CUSIP: 58319P108    ISIN: US58319P1084    SEDOL: 2574945

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert S. Cubbin   Mgmt   For   For
Elect Director Robert F. Fix   Mgmt   For   For
Elect Director Hugh W. Greenberg   Mgmt   For   For
Elect Director Florine Mark   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Republic Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RSG    17-May-12    USA    760759100    Annual    20-Mar-12

 

CUSIP: 760759100    ISIN: US7607591002    SEDOL: 2262530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James W. Crownover   Mgmt   For   For
Elect Director William J. Flynn   Mgmt   For   For
Elect Director Michael Larson   Mgmt   For   For
Elect Director Nolan Lehmann   Mgmt   For   For
Elect Director W. Lee Nutter   Mgmt   For   For
Elect Director Ramon A. Rodriguez   Mgmt   For   For

Republic Services, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald W. Slager   Mgmt   For   For
Elect Director Allan C. Sorensen   Mgmt   For   For
Elect Director John M. Trani   Mgmt   For   For
Elect Director Michael W. Wickham   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives   SH   Against   For
Policy Rationale: TDAM supports shareholder proposals requesting submission of golden coffins to a shareholder vote.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Simon Property Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SPG    17-May-12    USA    828806109    Annual    19-Mar-12

 

CUSIP: 828806109    ISIN: US8288061091    SEDOL: 2812452

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn E. Bergstein   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Allan Hubbard   Mgmt   For   For
Elect Director Reuben S. Leibowitz   Mgmt   For   For
Elect Director Daniel C. Smith   Mgmt   For   For
Elect Director J. Albert Smith, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, a pay-for-performance disconnect is noted as the CEO’s $120 million retention award granted in 2011 was not related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Simon Property Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

The Charles Schwab Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SCHW    17-May-12    USA    808513105    Annual    19-Mar-12

 

CUSIP: 808513105    ISIN: US8085131055    SEDOL: 2779397

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy H. Bechtle   Mgmt   For   For
Elect Director Walter W. Bettinger, II   Mgmt   For   For
Elect Director C. Preston Butcher   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM support for this item is not warranted.

Bruker Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRKR    18-May-12    USA    116794108    Annual    30-Mar-12

 

CUSIP: 116794108    ISIN: US1167941087    SEDOL: 2616137

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard D. Kniss   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Joerg C. Laukien   Mgmt   For   For
Elect Director William A. Linton   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Chris Van Ingen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Seattle Genetics, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGEN    18-May-12    USA    812578102    Annual    23-Mar-12

 

CUSIP: 812578102    ISIN: US8125781026    SEDOL: 2738127

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clay B. Siegall   Mgmt   For   For
Elect Director Felix Baker   Mgmt   For   For
Elect Director Nancy A. Simonian   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKT    18-May-12    USA    875465106    Annual    21-Mar-12

 

CUSIP: 875465106    ISIN: US8754651060    SEDOL: 2874582

Tanger Factory Outlet Centers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack Africk   Mgmt   For   For
Elect Director Steven B. Tanger   Mgmt   For   For
Elect Director William G. Benton   Mgmt   For   For
Elect Director Bridget Ryan Berman   Mgmt   For   For
Elect Director Donald G. Drapkin   Mgmt   For   For
Elect Director Thomas J. Reddin   Mgmt   For   For
Elect Director Thomas E. Robinson   Mgmt   For   For
Elect Director Allan L. Schuman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CONMED Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNMD    21-May-12    USA    207410101    Annual    03-Apr-12

 

CUSIP: 207410101    ISIN: US2074101013    SEDOL: 2216010

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Eugene R. Corasanti   Mgmt   For   For
Elect Director Joseph J. Corasanti   Mgmt   For   For
Elect Director Bruce F. Daniels   Mgmt   For   For
Elect Director Jo Ann Golden   Mgmt   For   For
Elect Director Stephen M. Mandia   Mgmt   For   For
Elect Director Stuart J. Schwartz   Mgmt   For   For
Elect Director Mark E. Tryniski   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CONMED Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NUS    21-May-12    USA    67018T105    Annual    05-Apr-12

 

CUSIP: 67018T105    ISIN: US67018T1051    SEDOL: 2616870

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nevin N. Andersen   Mgmt   For   For
Elect Director Daniel W. Campbell   Mgmt   For   For
Elect Director M. Truman Hunt   Mgmt   For   For
Elect Director Andrew D. Lipman   Mgmt   For   For
Elect Director Steven J. Lund   Mgmt   For   For
Elect Director Patricia A. Negron   Mgmt   For   For
Elect Director Neil H. Offen   Mgmt   For   For
Elect Director Thomas R. Pisano   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ViroPharma Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VPHM    21-May-12    USA    928241108    Annual    02-Apr-12

 

CUSIP: 928241108    ISIN: US9282411084    SEDOL: 2945660

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Michael R. Dougherty   Mgmt   For   For

ViroPharma Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Glaser   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cymer, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CYMI    22-May-12    USA    232572107    Annual    26-Mar-12

 

CUSIP: 232572107    ISIN: US2325721072    SEDOL: 2192284

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles J. Abbe   Mgmt   For   For
Elect Director Robert P. Akins   Mgmt   For   For
Elect Director Edward H. Braun   Mgmt   For   For
Elect Director Michael R. Gaulke   Mgmt   For   For
Elect Director William G. Oldham   Mgmt   For   For
Elect Director Eric M. Ruttenberg   Mgmt   For   For
Elect Director Peter J. Simone   Mgmt   For   For
Elect Director Young K. Sohn   Mgmt   For   For
Elect Director Jon D. Tompkins   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Merck & Co., Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRK    22-May-12    USA    58933Y105    Annual    23-Mar-12

 

CUSIP: 58933Y105    ISIN: US58933Y1055    SEDOL: 2778844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leslie A. Brun   Mgmt   For   For
Elect Director Thomas R. Cech   Mgmt   For   For
Elect Director Kenneth C. Frazier   Mgmt   For   For
Elect Director Thomas H. Glocer   Mgmt   For   For
Elect Director William B. Harrison Jr.   Mgmt   For   For
Elect Director C. Robert Kidder   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director Carlos E. Represas   Mgmt   For   For
Elect Director Patricia F. Russo   Mgmt   For   For
Elect Director Craig B. Thompson   Mgmt   For   For
Elect Director Wendell P. Weeks   Mgmt   For   For
Elect Director Peter C. Wendell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Amend Bylaws — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Report on Charitable and Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. This proposal does not provide shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

MFA Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFA    22-May-12    USA    55272X102    Annual    26-Mar-12

 

CUSIP: 55272X102    ISIN: US55272X1028    SEDOL: 2418162

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael L. Dahir   Mgmt   For   For
Elect Director Robin Josephs   Mgmt   For   For
Elect Director George H. Krauss   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Navigant Consulting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCI    22-May-12    USA    63935N107    Annual    26-Mar-12

 

CUSIP: 63935N107    ISIN: US63935N1072    SEDOL: 2564797

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Gildehaus   Mgmt   For   For
Elect Director Cynthia A. Glassman   Mgmt   For   For
Elect Director Peter B. Pond   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s reasoning, the board of directors has shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Omnicell, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OMCL    22-May-12    USA    68213N109    Annual    29-Mar-12

 

CUSIP: 68213N109    ISIN: US68213N1090    SEDOL: 2789523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall A. Lipps   Mgmt   For   For
Elect Director Joseph E. Whitters   Mgmt   For   For
Elect Director Vance B. Moore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Royal Dutch Shell plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDSB    22-May-12    United Kingdom    G7690A118    Annual    18-May-12

 

CUSIP: G7690A118    ISIN: GB00B03MM408    SEDOL: B03MM40

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Sir Nigel Sheinwald as Director   Mgmt   For   For
Re-elect Josef Ackermann as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Simon Henry as Director   Mgmt   For   For
Re-elect Charles Holliday as Director   Mgmt   For   For
Re-elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Jorma Ollila as Director   Mgmt   For   For
Re-elect Linda Stuntz as Director   Mgmt   For   For
Re-elect Jeroen van der Veer as Director   Mgmt   For   For
Re-elect Peter Voser as Director   Mgmt   For   For
Re-elect Hans Wijers as Director   Mgmt   For   For

Royal Dutch Shell plc

 

  Proponent   Mgmt Rec   Vote Instruction
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For

Societe Generale

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLE    22-May-12    France    F43638141    Annual/Special    16-May-12

 

CUSIP: F43638141    ISIN: FR0000130809    SEDOL: 5966516

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and and Absence of Dividends   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Non Compete Agreement with Frederic Oudea   Mgmt   For   Against
Policy Rationale: TDAM opposes this proposal as Frédéric Oudéa is entitled to receive his indemnity compensating the non-compete agreement (duration and indemnification of which are extended to 18 months) while simultaneously receiving his indemnity compensating the loss of the additional pension scheme from which he previously benefited (a gross amount of EUR 300,000 per year).
Reelect Michel Cicurel as Director   Mgmt   For   For
Reelect Nathalie Rachou as Director   Mgmt   For   For
Elect Yann Delabriere as Director   Mgmt   For   For
Elect Thierry Martel as Director   Mgmt   For   For
Appoint Ernst and Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Deloitte et Associes as Auditor   Mgmt   For   For
Appoint Picarle et Associes as Alternate Auditor   Mgmt   For   For
Appoint Beas as Alternate Auditor   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 5 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 485 Million; and/or Capitalization of Reserves of up to EUR 550 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 145 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 2 Billion   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, potential dilution is at least 10.24%
Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Performance Condition for Restricted Share Plan Adopted on Novembre 2, 2010   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Shareholder Proposal   Mgmt    
Adopt Two-Tiered Board Structure   SH   Against   For
Voter Rationale: In line with ISS’s reasoning, this proposal is consistent with corporate governance best practices.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Southwestern Energy Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWN    22-May-12    USA    845467109    Annual    30-Mar-12

 

CUSIP: 845467109    ISIN: US8454671095    SEDOL: 2828619

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lewis E. Epley, Jr.   Mgmt   For   For
Elect Director Robert L. Howard   Mgmt   For   For
Elect Director Catherine A. Kehr   Mgmt   For   For
Elect Director Greg D. Kerley   Mgmt   For   For
Elect Director Harold M. Korell   Mgmt   For   For
Elect Director Vello A. Kuuskraa   Mgmt   For   For
Elect Director Kenneth R. Mourton   Mgmt   For   For
Elect Director Steven L. Mueller   Mgmt   For   For
Elect Director Charles E. Scharlau   Mgmt   For   For
Elect Director Alan H. Stevens   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation programs and policies effectively align executive performance with long-term shareholder value. Policy Rationale: TDAM evaluates this item on a case-by-case basis.

The Allstate Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALL    22-May-12    USA    020002101    Annual    23-Mar-12

 

CUSIP: 020002101    ISIN: US0200021014    SEDOL: 2019952

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Robert D. Beyer   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Jack M. Greenberg   Mgmt   For   For

The Allstate Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald T. LeMay   Mgmt   For   For
Elect Director Andrea Redmond   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Elect Director John W. Rowe   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Judith A. Sprieser   Mgmt   For   For
Elect Director Mary Alice Taylor   Mgmt   For   For
Elect Director Thomas J. Wilson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with management and ISS reasoning, this proposal will increase shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Amgen Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMGN    23-May-12    USA    031162100    Annual    26-Mar-12

 

CUSIP: 031162100    ISIN: US0311621009    SEDOL: 2023607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Baltimore   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 59.5 percent of votes cast at the 2009 AGM. Following this, the board adopted an amendment to the bylaws, which also includes certain problematic clauses designed to prevent such meetings, giving the holders of 15 percent of the company’s outstanding common stock the right to call a special meeting. To date, the company has taken no further action to fully implement the majority supported resolution. Accordingly, TDAM will oppose the members of the board’s and Governance and Nominating Committee.

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank J. Biondi, Jr.   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Francois De Carbonnel   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vance D. Coffman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rebecca M. Henderson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Frank C. Herringer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Tyler Jacks   Mgmt   For   For
Elect Director Gilbert S. Omenn   Mgmt   For   For
Elect Director Judith C. Pelham   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Elect Director Leonard D. Schaeffer   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this item as the board has appointed an independent lead director and has a corporate governance/nomination committee composed entirely of independent directors .
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Limit CEO to Serving on only One Other Board   SH   Against   Against
Voter Rationale: The company’s current policy on this issue effectively addresses the shareholder’s concerns. The company’s current policy does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AvalonBay Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AVB    23-May-12    USA    053484101    Annual    09-Mar-12

 

CUSIP: 053484101    ISIN: US0534841012    SEDOL: 2131179

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bryce Blair   Mgmt   For   For
Elect Director Alan B. Buckelew   Mgmt   For   For
Elect Director Bruce A. Choate   Mgmt   For   For
Elect Director John J. Healy, Jr.   Mgmt   For   For
Elect Director Timothy J. Naughton   Mgmt   For   For
Elect Director Lance R. Primis   Mgmt   For   For
Elect Director Peter S. Rummell   Mgmt   For   For
Elect Director H. Jay Sarles   Mgmt   For   For
Elect Director W. Edward Walter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM supports this proposal in light of the benefit to shareholders of more comprehensive disclosure of company sustainability-related metrics and goals.

BNP Paribas SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BNP    23-May-12    France    F1058Q238    Annual/Special    17-May-12

 

CUSIP: F1058Q238    ISIN: FR0000131104    SEDOL: 7309681

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Renew Appointments of Deloitte & Associes as Auditor and Beas as Alternate Auditor   Mgmt   For   For
Renew Appointments of Mazars as Auditor and Michel Barbet Massin as Alternate Auditor   Mgmt   For   For
Renew Appointment of PricewaterhouseCoopers as Auditors and Elect Anik Chaumartin as Alternate Auditor   Mgmt   For   For
Reelect Denis Kessler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Reelect Laurence Parisot as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Elect Pierre Andre de Chalendar as Director   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 350 Million   Mgmt   For   For
Authorize Capital Increase of Up to EUR 350 Million for Future Exchange Offers   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 14 to 16 at EUR 350 Million   Mgmt   For   For

BNP Paribas SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 13 to 16 at EUR 1 Billion   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Kraft Foods Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KFT    23-May-12    USA    50075N104    Annual    15-Mar-12

 

CUSIP: 50075N104    ISIN: US50075N1046    SEDOL: 2764296

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Myra M. Hart   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 53.1 percent of votes cast at the 2010 AGM. The board did not take action to adopt written consent and has yet to implement this resolution. Accordingly, TDAM will opose the elections of Hart, Henry, Juliber, and Boxmeer, who serve on the Nominating and Governance committee of the board.
Elect Director Peter B. Henry   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Lois D. Juliber   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mark D. Ketchum   Mgmt   For   For
Elect Director Terry J. Lundgren   Mgmt   For   For
Elect Director Mackey J. McDonald   Mgmt   For   For
Elect Director Jorge S. Mesquita   Mgmt   For   For
Elect Director John C. Pope   Mgmt   For   For
Elect Director Fredric G. Reynolds   Mgmt   For   For
Elect Director Irene B. Rosenfeld   Mgmt   For   For

Kraft Foods Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jean-François M.L. van Boxmeer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Voter Rationale: This is a routine resolution which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Supply Chain and Deforestation   SH   Against   For
Voter Rationale: The company currently does not provide adequate disclosure on the impact of its soya, beef, and sugar purchasing on deforestation risk. Additional disclosure would provide shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Adopting Extended Producer Responsibility Policy   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because shareholders would benefit from additional information regarding the company’s current packaging reduction and recycling initiatives.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Southern Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SO    23-May-12    USA    842587107    Annual    26-Mar-12

 

CUSIP: 842587107    ISIN: US8425871071    SEDOL: 2829601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Juanita Powell Baranco   Mgmt   For   For
Elect Director Jon A. Boscia   Mgmt   For   For
Elect Director Henry A. Clark, III   Mgmt   For   For
Elect Director Thomas A. Fanning   Mgmt   For   For
Elect Director H. William Habermeyer, Jr.   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For

The Southern Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren A. Hood, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Dale E. Klein   Mgmt   For   For
Elect Director William G. Smith, Jr.   Mgmt   For   For
Elect Director Steven R. Specker   Mgmt   For   For
Elect Director Larry D. Thompson   Mgmt   For   For
Elect Director E. Jenner Wood, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Coal Combustion Waste Hazard and Risk Mitigation Efforts   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted in light of the benefit of increased company disclosure in enabling shareholders to assess the company’s coal combustion waste management and disposal practices, and the potential impacts of anticipated governmental regulation.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Thermo Fisher Scientific Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TMO    23-May-12    USA    883556102    Annual    26-Mar-12

 

CUSIP: 883556102    ISIN: US8835561023    SEDOL: 2886907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director Judy C. Lewent   Mgmt   For   For
Elect Director Jim P. Manzi   Mgmt   For   For
Elect Director Lars R. Sorensen   Mgmt   For   For
Elect Director Elaine S. Ullian   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Amazon.com, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMZN    24-May-12    USA    023135106    Annual    02-Apr-12

 

CUSIP: 023135106    ISIN: US0231351067    SEDOL: 2000019

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey P. Bezos   Mgmt   For   For
Elect Director Tom A. Alberg   Mgmt   For   For
Elect Director John Seely Brown   Mgmt   For   For
Elect Director William B. Gordon   Mgmt   For   For
Elect Director Jamie S. Gorelick   Mgmt   For   For
Elect Director Blake G. Krikorian   Mgmt   For   For
Elect Director Alain Monie   Mgmt   For   For
Elect Director Jonathan J. Rubinstein   Mgmt   For   For
Elect Director Thomas O. Ryder   Mgmt   For   For
Elect Director Patricia Q. Stonesifer   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Report on Climate Change   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as shareholders could benefit from more detailed disclosure on the company’s overall climate change strategies and initiatives, which may add strategic and reputational value given the potential shifts in the regulatory environment, interpretive guidance from the SEC on climate change disclosure, and the trend towards corporate adoption and disclosure of climate change strategies.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Deltek, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PROJ    24-May-12    USA    24784L105    Annual    02-Apr-12

 

CUSIP: 24784L105    ISIN: US24784L1052    SEDOL: B28PX89

Deltek, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Edward R. Grubb   Mgmt   For   For
Elect Director Joseph M. Kampf   Mgmt   For   For
Elect Director Steven B. Klinsky   Mgmt   For   For
Elect Director Thomas M. Manley   Mgmt   For   For
Elect Director Albert A. Notini   Mgmt   For   For
Elect Director Kevin T. Parker   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Janet R. Perna   Mgmt   For   For
Elect Director Alok Singh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Deutsche Telekom AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DTE    24-May-12    Germany    D2035M136    Annual   

 

CUSIP: D2035M136    ISIN: DE0005557508    SEDOL: 5842359

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.70 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Former Supervisory Board Member Klaus Zumwinkel for Fiscal 2008   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For

Deutsche Telekom AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Hans Bernhard Beus to the Supervisory Board   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Dagmar Kollmann to the Supervisory Board   Mgmt   For   For
Elect Lawrence Guffey to the Supervisory Board   Mgmt   For   For
Approve Affiliation Agreements with Subsidiary Scout24 Holding GmbH   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1.1   Mgmt   For   For

Drew Industries Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DW    24-May-12    USA    26168L205    Annual    28-Mar-12

 

CUSIP: 26168L205    ISIN: US26168L2051    SEDOL: 2280695

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward W. Rose, III   Mgmt   For   For
Elect Director Leigh J. Abrams   Mgmt   For   For
Elect Director Fredric M. Zinn   Mgmt   For   For
Elect Director James F. Gero   Mgmt   For   For
Elect Director Frederick B. Hegi, Jr.   Mgmt   For   For
Elect Director David A. Reed   Mgmt   For   For
Elect Director John B. Lowe, Jr.   Mgmt   For   For
Elect Director Jason D. Lippert   Mgmt   For   For
Elect Director Brendan J. Deely   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Endeavour International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
END    24-May-12    USA    29259G200    Annual    30-Mar-12

 

CUSIP: 29259G200    ISIN: US29259G2003    SEDOL: 2955409

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Nancy K. Quinn   Mgmt   For   For
Elect Director John N. Seitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Hecla Mining Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HL    24-May-12    USA    422704106    Annual    23-Mar-12

 

CUSIP: 422704106    ISIN: US4227041062    SEDOL: 2418601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George R. Nethercutt Jr   Mgmt   For   For
Elect Director John H. Bowles   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Restricted Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

HFF, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HF    24-May-12    USA    40418F108    Annual    13-Apr-12

 

CUSIP: 40418F108    ISIN: US40418F1084    SEDOL: B1Q1RT1

HFF, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan P. McGalla   Mgmt   For   For
Elect Director Lenore M. Sullivan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

McDonald’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCD    24-May-12    USA    580135101    Annual    27-Mar-12

 

CUSIP: 580135101    ISIN: US5801351017    SEDOL: 2550707

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Eckert   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Jeanne P. Jackson   Mgmt   For   For
Elect Director Andrew J. Mckenna   Mgmt   For   For
Elect Director Donald Thompson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Policy Responses to Children’s Health Concerns and Fast Food   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

National Retail Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NNN    24-May-12    USA    637417106    Annual    26-Mar-12

 

CUSIP: 637417106    ISIN: US6374171063    SEDOL: 2211811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Don DeFosset   Mgmt   For   For
Elect Director David M. Fick   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director Kevin B. Habicht   Mgmt   For   For
Elect Director Richard B. Jennings   Mgmt   For   For
Elect Director Ted B. Lanier   Mgmt   For   For
Elect Director Robert C. Legler   Mgmt   For   For
Elect Director Craig Macnab   Mgmt   For   For
Elect Director Robert Martinez   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GS    24-May-12    USA    38141G104    Annual    26-Mar-12

 

CUSIP: 38141G104    ISIN: US38141G1040    SEDOL: 2407966

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lloyd C. Blankfein   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Gary D. Cohn   Mgmt   For   For
Elect Director Claes Dahlback   Mgmt   For   For
Elect Director Stephen Friedman   Mgmt   For   For
Elect Director William W. George   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Lakshmi N. Mittal   Mgmt   For   For
Elect Director James J. Schiro   Mgmt   For   For
Elect Director Debora L. Spar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Washington Real Estate Investment Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRE    24-May-12    USA    939653101    Annual    15-Mar-12

 

CUSIP: 939653101    ISIN: US9396531017    SEDOL: 2942304

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles T. Nason   Mgmt   For   For
Elect Director Thomas Edgie Russell, III   Mgmt   For   For
Elect Director Anthony L. Winns   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Xerox Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XRX    24-May-12    USA    984121103    Annual    26-Mar-12

 

CUSIP: 984121103    ISIN: US9841211033    SEDOL: 2985202

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Ursula M. Burns   Mgmt   For   For
Elect Director Richard J. Harrington   Mgmt   For   For
Elect Director William Curt Hunter   Mgmt   For   For
Elect Director Robert J. Keegan   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Elect Director Sara Martinez Tucker   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

HSBC Holdings plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HSBA    25-May-12    United Kingdom    G4634U169    Annual    24-May-12

 

CUSIP: G4634U169    ISIN: GB0005405286    SEDOL: 0540528

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Safra Catz as Director   Mgmt   For   For
Re-elect Laura Cha as Director   Mgmt   For   For
Re-elect Marvin Cheung as Director   Mgmt   For   For
Re-elect John Coombe as Director   Mgmt   For   For

HSBC Holdings plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Joachim Faber as Director   Mgmt   For   For
Re-elect Rona Fairhead as Director   Mgmt   For   For
Re-elect Douglas Flint as Director   Mgmt   For   For
Re-elect Alexander Flockhart as Director   Mgmt   For   For
Re-elect Stuart Gulliver as Director   Mgmt   For   For
Re-elect James Hughes-Hallett as Director   Mgmt   For   For
Re-elect William Laidlaw as Director   Mgmt   For   For
Elect John Lipsky as Director   Mgmt   For   For
Re-elect Janis Lomax as Director   Mgmt   For   For
Re-elect Iain Mackay as Director   Mgmt   For   For
Re-elect Nagavara Murthy as Director   Mgmt   For   For
Re-elect Sir Simon Robertson as Director   Mgmt   For   For
Re-elect John Thornton as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Scrip Dividend Program   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Silgan Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLGN    29-May-12    USA    827048109    Annual    13-Apr-12

 

CUSIP: 827048109    ISIN: US8270481091    SEDOL: 2809324

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anthony J. Allott   Mgmt   For   For
Elect Director Jeffrey C. Crowe   Mgmt   For   For
Elect Director Edward A. Lapekas   Mgmt   For   For

Silgan Holdings Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BioMed Realty Trust, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMR    30-May-12    USA    09063H107    Annual    13-Mar-12

 

CUSIP: 09063H107    ISIN: US09063H1077    SEDOL: B02GMQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan D. Gold   Mgmt   For   For
Elect Director Barbara R. Cambon   Mgmt   For   For
Elect Director Edward A. Dennis   Mgmt   For   For
Elect Director Richard I. Gilchrist   Mgmt   For   For
Elect Director Gary A. Kreitzer   Mgmt   For   For
Elect Director Theodore D. Roth   Mgmt   For   For
Elect Director M. Faye Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVX    30-May-12    USA    166764100    Annual    04-Apr-12

 

CUSIP: 166764100    ISIN: US1667641005    SEDOL: 2838555

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Linnet F. Deily   Mgmt   For   For
Elect Director Robert E. Denham   Mgmt   For   For
Elect Director Chuck Hagel   Mgmt   For   For

Chevron Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director George L. Kirkland   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Elect Director Carl Ware   Mgmt   For   For
Elect Director John S. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Remove Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the removal of the exclusive venue provision will increase shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Guidelines for Country Selection   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as Chevron does not disclose policies governing its decision-making process to invest or operate in politically or socially unstable markets, and the company has business ties to countries with histories of political instability and human rights issues.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Accident Risk Reduction Efforts   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter -- Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Chevron Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evalute this item on a case-by-case basis.      

Exxon Mobil Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XOM    30-May-12    USA    30231G102    Annual    04-Apr-12

 

CUSIP: 30231G102    ISIN: US30231G1022    SEDOL: 2326618

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M.J. Boskin   Mgmt   For   For
Elect Director P. Brabeck-Letmathe   Mgmt   For   For
Elect Director L.R. Faulkner   Mgmt   For   For
Elect Director J.S. Fishman   Mgmt   For   For
Elect Director H.H. Fore   Mgmt   For   For
Elect Director K.C. Frazier   Mgmt   For   For
Elect Director W.W. George   Mgmt   For   For
Elect Director S.J. Palmisano   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.W. Tillerson   Mgmt   For   For
Elect Director E.E. Whitacre, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’   Mgmt   For   Against
Compensation      
Voter Rationale: Following ISS’s reasoning, as incentives are not adequately linked to performance criteria and compensation policy disclosure lacks pertinent details for shareholders to make an informed decision.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend EEO Policy to Prohibit Discrimination based on Sexual   SH   Against   For

Orientation and Gender Identity

      
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as ExxonMobil does not provide comprehensive goals for its operational GHG emissions or metrics and/or goals for its products. There is potential strategic and reputational value in performing the requested assessments and establishing appropriate GHG reduction goals given the increasing trend towards enhanced and publicly available corporate climate change strategies.

Incyte Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INCY    30-May-12    USA    45337C102    Annual    10-Apr-12

 

CUSIP: 45337C102    ISIN: US45337C1027    SEDOL: 2471950

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard U. De Schutter   Mgmt   For   For
Elect Director Barry M. Ariko   Mgmt   For   For
Elect Director Julian C. Baker   Mgmt   For   For
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Wendy L. Dixon   Mgmt   For   For
Elect Director Paul A. Friedman   Mgmt   For   For
Elect Director Roy A. Whitfield   Mgmt   For   For

Incyte Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.  
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Riverbed Technology, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RVBD    30-May-12    USA    768573107    Annual    02-Apr-12

 

CUSIP: 768573107    ISIN: US7685731074    SEDOL: B1FH886

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael Boustridge   Mgmt   For   For

Elect Director Jerry M. Kennelly

   Mgmt   For   For

Ratify Auditors

   Mgmt   For   For

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt   For   For

Saks Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKS    30-May-12    USA    79377W108    Annual    03-Apr-12

 

CUSIP: 79377W108    ISIN: US79377W1080    SEDOL: 2704786

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert B. Carter   Mgmt   For   For
Elect Director Michael S. Gross   Mgmt   For   For
Elect Director Donald E. Hess   Mgmt   For   For
Elect Director Marguerite W. Kondracke   Mgmt   For   For
Elect Director Jerry W. Levin   Mgmt   For   For

Saks Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nora P. McAniff   Mgmt   For   For
Elect Director Stephen I. Sadove   Mgmt   For   For
Elect Director Jack L. Stahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Provide for Cumulative Voting

   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

Comcast Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CMCSA    31-May-12    USA    20030N101    Annual    22-Mar-12

 

CUSIP: 20030N101    ISIN: US20030N1019    SEDOL: 2044545

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth J. Bacon   Mgmt   For   For
Elect Director Sheldon M. Bonovitz   Mgmt   For   For
Elect Director Joseph J. Collins   Mgmt   For   For
Elect Director J. Michael Cook   Mgmt   For   For
Elect Director Gerald L. Hassell   Mgmt   For   For
Elect Director Jeffrey A. Honickman   Mgmt   For   For
Elect Director Eduardo G. Mestre   Mgmt   For   For
Elect Director Brian L. Roberts   Mgmt   For   For
Elect Director Ralph J. Roberts   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Amend Nonqualified Employee Stock Purchase Plan   Mgmt   For   For

Comcast Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Restore or Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share ownership and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote   SH   Against   For
Policy Rationale: TDAM supports this proposal because shareholders should have the right to opine on and/or remove the company’s poison pill and approve any future pill.

Deutsche Bank AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DBK    31-May-12    Germany    D18190898    Annual   

 

CUSIP: D18190898    ISIN: DE0005140008    SEDOL: 5750355

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.75 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For

Deutsche Bank AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Peter Loescher to the Supervisory Board   Mgmt   For   For
Elect Klaus Ruediger Truetzschler to the Supervisory Board   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 9 Billion; Approve Creation of EUR 230.4 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis

Healthways, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HWAY    31-May-12    USA    422245100    Annual    04-Apr-12

 

CUSIP: 422245100    ISIN: US4222451001    SEDOL: 2026059

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin G. Wills   Mgmt   For   For
Elect Director Jay C. Bisgard   Mgmt   For   For
Elect Director Mary Jane England   Mgmt   For   For
Elect Director John A. Wickens   Mgmt   For   For
Elect Director William D. Novelli   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Molycorp Inc (DE)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCP    31-May-12    USA    608753109    Annual    03-Apr-12

 

CUSIP: 608753109    ISIN: US6087531090    SEDOL: B458HM7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brian T. Dolan   Mgmt   For   For
Elect Director John Graell   Mgmt   For   For
Elect Director Mark A. Smith   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

United Online, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNTD    31-May-12    USA    911268100    Annual    04-Apr-12

 

CUSIP: 911268100    ISIN: US9112681005    SEDOL: 2801126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James T. Armstrong   Mgmt   For   For
Elect Director Dennis Holt   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. No pay-for-performance disconnected noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Titan Machinery Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TITN    01-Jun-12    USA    88830R101    Annual    06-Apr-12

 

CUSIP: 88830R101    ISIN: US88830R1014    SEDOL: B29H3T5

Titan Machinery Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Christianson   Mgmt   For   For
Elect Director James Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Vulcan Materials Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VMC    01-Jun-12    USA    929160109    Proxy Contest    20-Apr-12

 

CUSIP: 929160109    ISIN: US9291601097    SEDOL: 2931205

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proxy (White Card)   Mgmt    
Elect Director Phillip W. Farmer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the declassification of the board received the support of 65 percent of votes cast at the previous AGM. To date, the board has not implemented the majority supported resolution. Consequently, TDAM would normally oppose the elections of Farmer, Korologos, Prokopanko, and Rice, as they serve on the Governance committee of the board. However, given the classified board structure, only two of these directors are proposed for election at this year’s annual meeting.
Elect Director H. Allen Franklin   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director Donald B. Rice   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.
Dissident Proxy (Blue Card)   Mgmt    
Elect Director Philip R. Lochner, Jr   SH   For   Do Not Vote
Policy Rationale: Dissident Proxy Items 1.1-6: The Delaware Chancery Court ruled on May 4th ruled that Martin Marietta could not proceed with its exchange offer or its proxy contest. Votes cast on the Dissident’s Blue proxy card may not be counted.
Elect Director Edward W. Moneypenny   SH   For   Do Not Vote
Elect Director Karen R. Osar   SH   For   Do Not Vote
Elect Director V. James Sardo   SH   For   Do Not Vote
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   None   Do Not Vote
Ratify Auditors   Mgmt   None   Do Not Vote
Require a Majority Vote for the Election of Directors   SH   None   Do Not Vote
Declassify the Board of Directors   SH   None   Do Not Vote
Reduce Supermajority Vote Requirement   SH   None   Do Not Vote

Wal-Mart Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WMT    01-Jun-12    USA    931142103    Annual    04-Apr-12

 

CUSIP: 931142103    ISIN: US9311421039    SEDOL: 2936921

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aida M. Alvarez   Mgmt   For   For
Elect Director James W. Breyer   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Roger C. Corbett   Mgmt   For   For
Elect Director Douglas N. Daft   Mgmt   For   For
Elect Director Michael T. Duke   Mgmt   For   For

Wal-Mart Stores, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marissa A. Mayer   Mgmt   For   For
Elect Director Gregory B. Penner   Mgmt   For   For
Elect Director Steven S. Reinemund   Mgmt   For   For
Elect Director H. Lee Scott, Jr.   Mgmt   For   For
Elect Director Arne M. Sorenson   Mgmt   For   For
Elect Director Jim C. Walton   Mgmt   For   For
Elect Director S. Robson Walton   Mgmt   For   For
Elect Director Christopher J. Williams   Mgmt   For   For
Elect Director Linda S. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Request Director Nominee with Patient Safety and Healthcare Quality Experience   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Performance-Based Equity Awards   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation policies effectively align executive performance with shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Catalyst Health Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHSI    04-Jun-12    USA    14888B103    Annual    09-Apr-12

 

CUSIP: 14888B103    ISIN: US14888B1035    SEDOL: 2507781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven B. Epstein   Mgmt   For   For

Catalyst Health Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. McDonnell   Mgmt   For   For
Elect Director Dale B. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crocs, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CROX    04-Jun-12    USA    227046109    Annual    09-Apr-12

 

CUSIP: 227046109    ISIN: US2270461096    SEDOL: B0T7Z62

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Frasch   Mgmt   For   For
Elect Director W. Stephen Cannon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

UnitedHealth Group Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNH    04-Jun-12    USA    91324P102    Annual    05-Apr-12

 

CUSIP: 91324P102    ISIN: US91324P1021    SEDOL: 2917766

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Ballard, Jr.   Mgmt   For   For
Elect Director Richard T. Burke   Mgmt   For   For
Elect Director Robert J. Darretta   Mgmt   For   For
Elect Director Stephen J. Hemsley   Mgmt   For   For
Elect Director Michele J. Hooper   Mgmt   For   For

UnitedHealth Group Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rodger A. Lawson   Mgmt   For   For
Elect Director Douglas W. Leatherdale   Mgmt   For   For
Elect Director Glenn M. Renwick   Mgmt   For   For
Elect Director Kenneth I. Shine   Mgmt   For   For
Elect Director Gail R. Wilensky   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Epiq Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPIQ    05-Jun-12    USA    26882D109    Annual    02-Apr-12

 

CUSIP: 26882D109    ISIN: US26882D1090    SEDOL: 2371339

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tom W. Olofson   Mgmt   For   For
Elect Director Christopher E. Olofson   Mgmt   For   For
Elect Director W. Bryan Satterlee   Mgmt   For   For
Elect Director Edward M. Connolly, Jr.   Mgmt   For   For
Elect Director James A. Byrnes   Mgmt   For   For
Elect Director Joel Pelofsky   Mgmt   For   For
Elect Director Charles C. Connely, IV   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. The granting of options is related to specified performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

France Telecom

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTE    05-Jun-12    France    F4113C103    Annual/Special    30-May-12

 

CUSIP: F4113C103    ISIN: FR0000133308    SEDOL: 5176177

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Management Proposals   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.40 per Share   Mgmt   For   For
Employee Shareholders Proposals   Mgmt    
Amendment to Item 3 Above: Approve Dividends of EUR 1 (instead of EUR 1.40) per Share   SH   Against   Against
Voter Rationale: A vote agains this shareholder proposal is warranted, as it adversely impacts shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Management Proposals   Mgmt    
Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of Transactions   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Jose Luis Duran as Director   Mgmt   For   For
Reelect Charles Henri Filippi as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Ratify Change of Registered Office to 78, Rue Olivier de Serres, 75015 Paris   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Article 9 of Bylaws Re: Shareholding Disclosure Requirements   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as this amendment would require shorter notices, which would unnecessarily increase the burden of the notification process for shareholders.
Remove Paragraphs 3 and 4 of Article 16 Re: Board Powers   Mgmt   For   For
Amend Article 21 of Bylaws Re: Proxy Voting, Electronic Vote, Convening of General Meeting, Shareholders Proposals   Mgmt   For   For
Authorize Capital Increase of up to EUR 25 Million to Holders of Orange SA Stock Options or Shares in Connection with France Telecom Liquidity Agreement   Mgmt   For   For

France Telecom

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize up to EUR 250,000 for Issuance of Free Option-Based Liquidity Instruments Reserved for Holders of Orange SA Stock Options Benefiting from a Liquidity Agreement   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Activision Blizzard, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATVI    07-Jun-12    USA    00507V109    Annual    09-Apr-12

 

CUSIP: 00507V109    ISIN: US00507V1098    SEDOL: 2575818

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe G. H. Capron   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Corti   Mgmt   For   For
Elect Director Frederic R. Crepin   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Lucian Grainge   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Brian G. Kelly   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert A. Kotick   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Jean-Bernard Levy   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Morgado   Mgmt   For   For

Activision Blizzard, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephane Roussel   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard Sarnoff   Mgmt   For   For
Elect Director Regis Turrini   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: TDAM is of the view that the Company has appropriately provided shareholders with comprehensive disclosure, and is satisfied with the process the Board and the Compensation Committee has in place for determining executive compensation.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

AMERIGROUP Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGP    07-Jun-12    USA    03073T102    Annual    09-Apr-12

 

CUSIP: 03073T102    ISIN: US03073T1025    SEDOL: 2593683

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas E. Capps   Mgmt   For   For
Elect Director Emerson U. Fullwood   Mgmt   For   For
Elect Director William J. Mcbride   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Ingersoll-Rand plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IR    07-Jun-12    Ireland    G47791101    Annual    09-Apr-12

 

CUSIP: G47791101    ISIN: IE00B6330302    SEDOL: B633030

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann C. Berzin   Mgmt   For   For
Elect Director John Bruton   Mgmt   For   For
Elect Director Jared L. Cohon   Mgmt   For   For
Elect Director Gary D. Forsee   Mgmt   For   For
Elect Director Peter C. Godsoe   Mgmt   For   For
Elect Director Edward E. Hagenlocker   Mgmt   For   For
Elect Director Constance J. Horner   Mgmt   For   For
Elect Director Michael W. Lamach   Mgmt   For   For
Elect Director Theodore E. Martin   Mgmt   For   For
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LVS    07-Jun-12    USA    517834107    Annual    13-Apr-12

 

CUSIP: 517834107    ISIN: US5178341070    SEDOL: B02T2J7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jason N. Ader   Mgmt   For   For
Elect Director Michael A. Leven   Mgmt   For   For
Elect Director Jeffrey H. Schwartz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: CEO pay equity mix does not contain performance-based criteria or standards, causing a pay-for- performance misalignment. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Omega Healthcare Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OHI    07-Jun-12    USA    681936100    Annual    09-Apr-12

 

CUSIP: 681936100    ISIN: US6819361006    SEDOL: 2043274

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas F. Franke   Mgmt   For   For
Elect Director Bernard J. Korman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Voting in line with ISS, as significant pay-for-performance disconnect is noted. Specifically, the CEO’s 401.5% compensation increase over 2010 is not in line with company performance over the same period, nor is it consistent with peer-group standards.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Live Nation Entertainment, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LYV    08-Jun-12    USA    538034109    Annual    18-Apr-12

 

CUSIP: 538034109    ISIN: US5380341090    SEDOL: B0T7YX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Dolan   Mgmt   For   For
Elect Director Ariel Emanuel   Mgmt   For   For
Elect Director Gregory B. Maffei   Mgmt   For   For

Live Nation Entertainment, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall T. Mays   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    08-Jun-12    USA    911363109    Annual    02-May-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jenne K. Britell   Mgmt   For   For
Elect Director Jose B. Alvarez   Mgmt   For   For
Elect Director Bobby J. Griffin   Mgmt   For   For
Elect Director Michael J. Kneeland   Mgmt   For   For
Elect Director Pierre E. Leroy   Mgmt   For   For
Elect Director Singleton B. McAllister   Mgmt   For   For
Elect Director Brian D. McAuley   Mgmt   For   For
Elect Director John S. McKinney   Mgmt   For   For
Elect Director James H. Ozanne   Mgmt   For   For
Elect Director Jason D. Papastavrou   Mgmt   For   For
Elect Director Filippo Passerini   Mgmt   For   For
Elect Director Donald C. Roof   Mgmt   For   For
Elect Director Keith Wimbush   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Repeal Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the company’s current exclusive venue provisions limit shareholders’ rights in this regard.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

WORLD FUEL SERVICES CORPORATION

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INT    08-Jun-12    USA    981475106    Annual    02-Apr-12

 

CUSIP: 981475106    ISIN: US9814751064    SEDOL: 2469450

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Kasbar   Mgmt   For   For
Elect Director Paul H. Stebbins   Mgmt   For   For
Elect Director Ken Bakshi   Mgmt   For   For
Elect Director Richard A. Kassar   Mgmt   For   For
Elect Director Myles Klein   Mgmt   For   For
Elect Director Abby F. Kohnstamm   Mgmt   For   For
Elect Director John L. Manley   Mgmt   For   For
Elect Director J. Thomas Presby   Mgmt   For   For
Elect Director Stephen K. Roddenberry   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Caterpillar Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAT    13-Jun-12    USA    149123101    Annual    16-Apr-12

 

CUSIP: 149123101    ISIN: US1491231015    SEDOL: 2180201

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David L. Calhoun   Mgmt   For   For
Elect Director Daniel M. Dickinson   Mgmt   For   For
Elect Director Eugene V. Fife   Mgmt   For   For
Elect Director Juan Gallardo   Mgmt   For   For
Elect Director David R. Goode   Mgmt   For   For
Elect Director Jesse J. Greene, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Peter A. Magowan   Mgmt   For   For
Elect Director Dennis A. Muilenburg   Mgmt   For   For
Elect Director Douglas R. Oberhelman   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Charles D. Powell   Mgmt   For   For
Elect Director Edward B. Rust, Jr.   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s and management’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Amend Advance Notice Provisions for Shareholder Proposals/Nominations   Mgmt   For   For
Voter Rationale: A vote in line with ISS and management is warranted, as this proposal does not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because Caterpillar does not have significant disclosure on its human rights policies or publicly subscribe to commonly accepted international standards, the adherence to which could assist shareholders in evaluating the company’s existing policies and procedures for addressing human rights concerns in its operations.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Target Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TGT    13-Jun-12    USA    87612E106    Annual    16-Apr-12

 

CUSIP: 87612E106    ISIN: US87612E1064    SEDOL: 2259101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Mary N. Dillon   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Mary E. Minnick   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Derica W. Rice   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director Gregg W. Steinhafel   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Solomon D. Trujillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Target Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Electronics Recycling and Preventing E-Waste Export   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal provides no additional shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Fortinet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTNT    14-Jun-12    USA    34959E109    Annual    20-Apr-12

 

CUSIP: 34959E109    ISIN: US34959E1091    SEDOL: B5B2106

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Chenming Hu   Mgmt   For   For
Elect Director Hong Liang Lu   Mgmt   For   For
Elect Director Ken Xie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FCX    14-Jun-12    USA    35671D857    Annual    18-Apr-12

 

CUSIP: 35671D857    ISIN: US35671D8570    SEDOL: 2352118

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director Robert J. Allison, Jr.   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Charles C. Krulak   Mgmt   For   For
Elect Director Bobby Lee Lackey   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director Dustan E. McCoy   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director Stephen H. Siegele   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: A vote against this non-binding advisory vote is warranted as despite positive changes made by the Company to the compensation approach following last year’s failing say-on-pay result, a significant pay-for- performance disconnect is still noted.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

McMoRan Exploration Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MMR    14-Jun-12    USA    582411104    Annual    18-Apr-12

 

CUSIP: 582411104    ISIN: US5824111042    SEDOL: 2311045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director A. Peyton Bush, III   Mgmt   For   For
Elect Director William P. Carmichael   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For
Elect Director James C. Flores   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For

McMoRan Exploration Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Suzanne T. Mestayer   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director John F.Wombwell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Although TDAM notes significant areas where the Company’s executive compensation approach needs improvement, a pay-for-performance disconnect is not evident at this time. Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MPWR    14-Jun-12    USA    609839105    Annual    17-Apr-12

 

CUSIP: 609839105    ISIN: US6098391054    SEDOL: B01Z7J1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Moyer   Mgmt   For   For
Elect Director Karen A. Smith Bogart   Mgmt   For   For
Elect Director Jeff Zhou   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Salix Pharmaceuticals, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLXP    14-Jun-12    USA    795435106    Annual    20-Apr-12

 

CUSIP: 795435106    ISIN: US7954351067    SEDOL: 2693981

Salix Pharmaceuticals, Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John F. Chappell   Mgmt   For   For
Elect Director Thomas W. D’Alonzo   Mgmt   For   For
Elect Director William P. Keane   Mgmt   For   For
Elect Director Carolyn J. Logan   Mgmt   For   For
Elect Director Mark A. Sirgo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.

Toyota Motor Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7203    15-Jun-12    Japan    J92676113    Annual    31-Mar-12

 

CUSIP: J92676113    ISIN: JP3633400001    SEDOL: 6900643

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 30   Mgmt   For   For
Elect Director Cho, Fujio   Mgmt   For   For
Elect Director Toyoda, Akio   Mgmt   For   For
Elect Director Uchiyamada, Takeshi   Mgmt   For   For
Elect Director Funo, Yukitoshi   Mgmt   For   For
Elect Director Niimi, Atsushi   Mgmt   For   For
Elect Director Sasaki, Shinichi   Mgmt   For   For
Elect Director Ozawa, Satoshi   Mgmt   For   For
Elect Director Kodaira, Nobuyori   Mgmt   For   For
Elect Director Furuhashi, Mamoru   Mgmt   For   For
Elect Director Ijichi, Takahiko   Mgmt   For   For
Elect Director Ihara, Yasumori   Mgmt   For   For

Toyota Motor Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Maekawa, Masamoto   Mgmt   For   For
Elect Director Kato, Mitsuhisa   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

NTT DOCOMO, INC.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9437    19-Jun-12    Japan    J59399105    Annual    31-Mar-12

 

CUSIP: J59399105    ISIN: JP3165650007    SEDOL: 6129277

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 2800   Mgmt   For   For
Elect Director Kato, Kaoru   Mgmt   For   For
Elect Director Tsubochi, Kazuto   Mgmt   For   For
Elect Director Iwasaki, Fumio   Mgmt   For   For
Elect Director Shindo, Tsutomu   Mgmt   For   For
Elect Director Tanaka, Takashi   Mgmt   For   For
Elect Director Yoshizawa, Kazuhiro   Mgmt   For   For
Elect Director Onoe, Seizo   Mgmt   For   For
Elect Director Kagawa, Wataru   Mgmt   For   For
Elect Director Nagata, Kiyohito   Mgmt   For   For
Elect Director Sato, Hirotaka   Mgmt   For   For
Elect Director Takagi, Kazuhiro   Mgmt   For   For
Elect Director Yamada, Ryuuji   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board composition will not meet policy requirements applicable to controlled companies.
Elect Director Kusumoto, Hiroo   Mgmt   For   For
Appoint Statutory Auditor Utano, Takanori   Mgmt   For   For

Google Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOOG    21-Jun-12    USA    38259P508    Annual    23-Apr-12

 

CUSIP: 38259P508    ISIN: US38259P5089    SEDOL: B020QX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry Page   Mgmt   For   For
Elect Director Sergey Brin   Mgmt   For   For
Elect Director Eric E. Schmidt   Mgmt   For   For
Elect Director L. John Doerr   Mgmt   For   For
Elect Director Diane B. Greene   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Ann Mather   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director K. Ram Shriram   Mgmt   For   For
Elect Director Shirley M. Tilghman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Authorize a New Class of Common Stock   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the establishment of a new class of capital stock complicates the company’s capital structure, may have an anti-takeover effect, and the board lacks a compelling rationale for its approval.
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: In line with its position on Item 3, TDAM opposes this proposal to establish Class C capital stock.
Amend Charter to Provide For Class A Common Holders to Receive Equal Consideration as Class B Common Holders in event of any Merger, Consolidation or Business Combination   Mgmt   For   For
Voter Rationale: A vote for this proposal is warranted, as it will increase shareholder value in the event of a merger, consolidation or business combination. In line with ISS.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.

Google Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Amend Articles Regarding Arbitration of Shareholder Lawsuits   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: A vote for this proposal is warranted, as TDAM supports the “one share one vote” philosophy.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Honda Motor Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7267    21-Jun-12    Japan    J22302111    Annual    31-Mar-12

 

CUSIP: J22302111    ISIN: JP3854600008    SEDOL: 6435145

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 15   Mgmt   For   For
Amend Articles To Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Ito, Takanobu   Mgmt   For   For
Elect Director Iwamura, Tetsuo   Mgmt   For   For
Elect Director Oyama, Tatsuhiro   Mgmt   For   For
Elect Director Ike, Fumihiko   Mgmt   For   For
Elect Director Kawanabe, Tomohiko   Mgmt   For   For
Elect Director Yamamoto, Takashi   Mgmt   For   For
Elect Director Yamamoto, Yoshiharu   Mgmt   For   For
Elect Director Hogen, Kensaku   Mgmt   For   For
Elect Director Kuroyanagi, Nobuo   Mgmt   For   For
Elect Director Fukui, Takeo   Mgmt   For   For
Elect Director Yoshida, Masahiro   Mgmt   For   For
Elect Director Shiga, Yuuji   Mgmt   For   For

Honda Motor Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Appoint Statutory Auditor Yamashita, Masaya   Mgmt   For   For
Appoint Statutory Auditor Hiwatari, Toshiaki   Mgmt   For   For

MedAssets, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MDAS    21-Jun-12    USA    584045108    Annual    25-Apr-12

 

CUSIP: 584045108    ISIN: US5840451083    SEDOL: B29YMY4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C.A. (Lance) Piccolo   Mgmt   For   For
Elect Director Bruce F. Wesson   Mgmt   For   For
Elect Director Samuel K. Skinner   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Mizuho Financial Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8411    26-Jun-12    Japan    J4599L102    Annual    31-Mar-12

 

CUSIP: J4599L102    ISIN: JP3885780001    SEDOL: 6591014

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 3   Mgmt   For   For
Elect Director Tsukamoto, Takashi   Mgmt   For   For
Elect Director Takahashi, Hideyuki   Mgmt   For   For
Elect Director Abe, Daisaku   Mgmt   For   For
Appoint Statutory Auditor Ishizaka, Masami   Mgmt   For   For
Amend Articles to Limit Total Board Compensation to JPY 30 Million Until Net Capital per Share Reaches that of Competitors MUFG or SMFG   SH   Against   Against

Mizuho Financial Group Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Require Caution in Accepting Corporate Evaluation Assignments   SH   Against   Against
Amend Articles to Require Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately   SH   Against   For
Voter Rationale: As per ISS reasoning, third party advisor and/or voting guidelines serves the interests of shareholders and enhances shareholder value. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Public Disclosure of Director Training Policy, Content and Performance   SH   Against   For
Voter Rationale: In line with ISS, increased disclosure on director candidates will increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Disclosure of Individual Director and Statutory Auditor Compensation   SH   Against   For
Voter Rationale: In line with ISS, shareholders should be provided with the right information to make informed decisions with respect to a company’s compensation levels and objectives.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Firm to Seek Unified Nationwide Handling of Inquiries When Public Entities Request Assessments of Citizen Eligibility for Public Assistance   SH   Against   Against
Amend Articles to Relax Limit, Allow Shareholder Proposal Justification Statements Up to 4,000 Characters   SH   Against   For
Voter Rationale: In line with ISS, allowing for longer statements in support of shareholder proposals increases shareholder rights. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prohibit Biased Treatment of Non-Votes on Shareholder vs. Company Proposals   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prevent CEO from Presiding Over Board Meetings   SH   Against   For
Voter Rationale: In line with ISS, TDAM is of the view that separating the CEO and board chairman is preferred.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Create a Whistle-Blowing Complaints Desk Independent of Executive Director Influence   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices and increases shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

VeriFone Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAY    27-Jun-12    USA    92342Y109    Annual    04-May-12

 

CUSIP: 92342Y109    ISIN: US92342Y1091    SEDOL: B07RH68

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Alspaugh   Mgmt   For   For
Elect Director Douglas G. Bergeron   Mgmt   For   For
Elect Director Dr. Leslie G. Denend   Mgmt   For   For
Elect Director Alex W. Hart   Mgmt   For   For
Elect Director Robert B. Henske   Mgmt   For   For
Elect Director Richard A. McGinn   Mgmt   For   For
Elect Director Eitan Raff   Mgmt   For   For
Elect Director Jeffrey E. Stiefler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nintendo Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7974    28-Jun-12    Japan    J51699106    Annual    31-Mar-12

 

CUSIP: J51699106    ISIN: JP3756600007    SEDOL: 6639550

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 100   Mgmt   For   For
Elect Director Iwata, Satoru   Mgmt   For   For
Elect Director Mori, Yoshihiro   Mgmt   For   For
Elect Director Hatano, Shinji   Mgmt   For   For
Elect Director Takeda, Genyo   Mgmt   For   For
Elect Director Miyamoto, Shigeru   Mgmt   For   For
Elect Director Matsumoto, Masaharu   Mgmt   For   For
Elect Director Suzuki, Eiichi   Mgmt   For   For
Elect Director Kimishima, Tatsumi   Mgmt   For   For

Nintendo Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Takemura, Kaoru   Mgmt   For   For
Appoint Statutory Auditor Ueda, Minoru   Mgmt   For   For
Appoint Statutory Auditor Toyoda, Ken   Mgmt   For   For
Appoint Statutory Auditor Mitamura, Yoshimi   Mgmt   For   For
Appoint Statutory Auditor Umeyama, Katsuhiro   Mgmt   For   For

Sumitomo Mitsui Financial Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8316    28-Jun-12    Japan    J7771X109    Annual    31-Mar-12

 

CUSIP: J7771X109    ISIN: JP3890350006    SEDOL: 6563024

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 50   Mgmt   For   For
Elect Director Miyata, Koichi   Mgmt   For   For
Elect Director Kurumatani, Nobuaki   Mgmt   For   For
Elect Director Yokoyama, Yoshinori   Mgmt   For   For
Appoint Statutory Auditor Yamaguchi, Yoji   Mgmt   For   For
Appoint Statutory Auditor Tsuruta, Rokuro   Mgmt   For   For

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    29-Jun-12    United Kingdom    G87621101    Annual    27-Jun-12

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For

Tesco plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Sir Richard Broadbent as Director   Mgmt   For   For
Elect Deanna Oppenheimer as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Gareth Bullock as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Stuart Chambers as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vote Summary Report

Report was run from: 7/1/11 to 6/30/12

Institution Account(s): TDAX Independence 2020 - Equity

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    01-Jul-11    United Kingdom    G87621101    Annual    29-Jun-11

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Gareth Bullock as Director   Mgmt   For   For
Elect Stuart Chambers as Director   Mgmt   For   For
Re-elect David Reid as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Richard Brasher as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect David Potts as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Approve Performance Share Plan 2011   Mgmt   For   For
Approve Savings-Related Share Option Scheme   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

HMS Holdings Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMSY    06-Jul-11    USA    40425J101    Annual    17-May-11

 

CUSIP: 40425J101    ISIN: US40425J1016    SEDOL: 2418043

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Miller III   Mgmt   For   For
Elect Director Ellen A. Rudnick   Mgmt   For   For
Elect Director Michael A. Stocker   Mgmt   For   For
Elect Director Richard H. Stowe   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Voter Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

SRA International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRX    15-Jul-11    USA    78464R105    Special    13-Jun-11

 

CUSIP: 78464R105    ISIN: US78464R1059    SEDOL: 2865241

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For

Ultratech, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UTEK    19-Jul-11    USA    904034105    Annual    20-May-11

 

CUSIP: 904034105    ISIN: US9040341052    SEDOL: 2907217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur W. Zafiropoulo   Mgmt   For   For
Elect Director Joel F. Gemunder   Mgmt   For   For
Elect Director Nicholas Konidaris   Mgmt   For   For
Elect Director Dennis Raney   Mgmt   For   For
Elect Director Henri Richard   Mgmt   For   For
Elect Director Rick Timmins   Mgmt   For   For
Elect Director Ben Tsai   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Vodafone Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOD    26-Jul-11    United Kingdom    G93882135    Annual    22-Jul-11

 

CUSIP: G93882135    ISIN: GB00B16GWD56    SEDOL: B16GWD5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Gerard Kleisterlee as Director   Mgmt   For   For

Vodafone Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Vittorio Colao as Director   Mgmt   For   For
Re-elect Michel Combes as Director   Mgmt   For   For
Re-elect Andy Halford as Director   Mgmt   For   For
Re-elect Stephen Pusey as Director   Mgmt   For   For
Elect Renee James as Director   Mgmt   For   For
Re-elect Alan Jebson as Director   Mgmt   For   For
Re-elect Samuel Jonah as Director   Mgmt   For   For
Re-elect Nick Land as Director   Mgmt   For   For
Re-elect Anne Lauvergeon as Director   Mgmt   For   For
Re-elect Luc Vandevelde as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Re-elect Philip Yea as Director   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

STERIS Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STE    28-Jul-11    USA    859152100    Annual    31-May-11

 

CUSIP: 859152100    ISIN: US8591521005    SEDOL: 2845113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Breeden   Mgmt   For   For

STERIS Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Cynthia L. Feldmann   Mgmt   For   For
Elect Director Jacqueline B. Kosecoff   Mgmt   For   For
Elect Director David B. Lewis   Mgmt   For   For
Elect Director Kevin M. McMullen   Mgmt   For   For
Elect Director Walter M Rosebrough, Jr.   Mgmt   For   For
Elect Director Mohsen M. Sohi   Mgmt   For   For
Elect Director John P. Wareham   Mgmt   For   For
Elect Director Loyal W. Wilson   Mgmt   For   For
Elect Director Michael B. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Apollo Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AINV    02-Aug-11    USA    03761U106    Annual    08-Jun-11

 

CUSIP: 03761U106    ISIN: US03761U1060    SEDOL: B00NWP7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Puleo   Mgmt   For   For
Elect Director Carl Spielvogel   Mgmt   For   For
Elect Director Jeanette Loeb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

EnerSys

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENS    04-Aug-11    USA    29275Y102    Annual    08-Jun-11

 

CUSIP: 29275Y102    ISIN: US29275Y1029    SEDOL: B020GQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Seifi Ghasemi   Mgmt   For   For
Elect Director John F. Lehman   Mgmt   For   For
Elect Director Dennis S. Marlo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require a Majority Vote for the Election of Directors   SH   Against   For
Voter Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Quality Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QSII    11-Aug-11    USA    747582104    Annual    13-Jun-11

 

CUSIP: 747582104    ISIN: US7475821044    SEDOL: 2715391

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Craig A. Barbarosh   Mgmt   For   For
Elect Director Murray F. Brennan   Mgmt   For   For
Elect Director George H. Bristol   Mgmt   For   For
Elect Director Patrick B. Cline   Mgmt   For   For
Elect Director Ahmed D. Hussein   Mgmt   For   For
Elect Director D. Russell Pflueger   Mgmt   For   For
Elect Director Steven T. Plochocki   Mgmt   For   For
Elect Director Sheldon Razin   Mgmt   For   For

Quality Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Maureen A. Spivack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Voter Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

La-Z-Boy Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LZB    24-Aug-11    USA    505336107    Annual    27-Jun-11

 

CUSIP: 505336107    ISIN: US5053361078    SEDOL: 2508405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kurt L. Darrow   Mgmt   For   For
Elect Director H. George Levy   Mgmt   For   For
Elect Director W. Alan McCollough   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Medifast, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MED    02-Sep-11    USA    58470H101    Annual    11-Jul-11

 

CUSIP: 58470H101    ISIN: US58470H1014    SEDOL: 2934033

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harvey C. Barnum   Mgmt   For   For
Elect Director Michael C. MacDonald   Mgmt   For   For
Elect Director Jerry D. Reece   Mgmt   For   For
Elect Director Michael S. McDevitt   Mgmt   For   For
Elect Director Margaret E. Sheetz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Casey’s General Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CASY    16-Sep-11    USA    147528103    Annual    25-Jul-11

 

CUSIP: 147528103    ISIN: US1475281036    SEDOL: 2179414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Myers   Mgmt   For   For
Elect Director Diane C. Bridgewater   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Exide Technologies

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XIDE    16-Sep-11    USA    302051206    Annual    20-Jul-11

 

CUSIP: 302051206    ISIN: US3020512063    SEDOL: B00VTY9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert F. Aspbury   Mgmt   For   For
Elect Director James R. Bolch   Mgmt   For   For
Elect Director Michael R. D’Appolonia   Mgmt   For   For
Elect Director David S. Ferguson   Mgmt   For   For
Elect Director John O’Higgins   Mgmt   For   For
Elect Director Dominic J. Pileggi   Mgmt   For   For
Elect Director John P. Reilly   Mgmt   For   For
Elect Director Michael P. Ressner   Mgmt   For   For
Elect Director Carroll R. Wetzel, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    16-Sep-11    Netherlands    N8981F271    Special    19-Aug-11

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Special Meeting   Mgmt    
Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares   Mgmt   For   For

NIKE, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NKE    19-Sep-11    USA    654106103    Annual    25-Jul-11

 

CUSIP: 654106103    ISIN: US6541061031    SEDOL: 2640147

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John C. Lechleiter   Mgmt   For   For
Elect Director Phyllis M. Wise   Mgmt   For   For
Voter Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TEVA    19-Sep-11    Israel    M8769Q102    Annual    10-Aug-11

 

CUSIP: M8769Q102    ISIN: IL0006290147    SEDOL: 6882172

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Elect Chaim Hurvitz as Director   Mgmt   For   For
Elect Ory Slonim as Director   Mgmt   For   For
Elect Dan Suesskind as Director   Mgmt   For   For
Elect Joseph Nitzani as External Director and Approve His Remuneration   Mgmt   For   For
Elect Dafna Schwartz as External Director and Approve Her Remuneration   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Director/Officer Liability and Indemnification Insurance   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Remuneration of Vice Chairman   Mgmt   For   For
Approve Reimbursement of Expenses of Board Chairman   Mgmt   For   For

FedEx Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FDX    26-Sep-11    USA    31428X106    Annual    01-Aug-11

 

CUSIP: 31428X106    ISIN: US31428X1063    SEDOL: 2142784

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 51.5 percent of votes cast at the previous AGM. To date, the board has not taken action on the proposal. Accordingly, TDAM will opose the elections of Shirley Ann Jackson, James L. Barksdale, and Steven R. Loranger, who serve on the Nominating and Governance committee of the board.
Elect Director John A. Edwardson   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Steven R. Loranger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Gary W. Loveman   Mgmt   For   For
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Joshua Cooper Ramo   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Frederick W. Smith   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director David P. Steiner   Mgmt   For   For
Elect Director Paul S. Walsh   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

FedEx Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors.
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

The Procter & Gamble Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PG    11-Oct-11    USA    742718109    Annual    12-Aug-11

 

CUSIP: 742718109    ISIN: US7427181091    SEDOL: 2704407

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angela F. Braly   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Scott D. Cook   Mgmt   For   For
Elect Director Susan Desmond-Hellmann   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Elect Director Patricia A. Woertz   Mgmt   For   For
Elect Director Ernesto Zedillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Procter & Gamble Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Articles of Incorporation   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Use of Laboratory Animals in Pet Food Product Testing   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions and Provide Advisory Vote   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Oracle Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ORCL    12-Oct-11    USA    68389X105    Annual    15-Aug-11

 

CUSIP: 68389X105    ISIN: US68389X1054    SEDOL: 2661568

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey S. Berg   Mgmt   For   For
Elect Director H. Raymond Bingham   Mgmt   For   For
Elect Director Michael J. Boskin   Mgmt   For   For
Elect Director Safra A. Catz   Mgmt   For   For
Elect Director Bruce R. Chizen   Mgmt   For   For
Elect Director George H. Conrades   Mgmt   For   For
Elect Director Lawrence J. Ellison   Mgmt   For   For
Elect Director Hector Garcia-Molina   Mgmt   For   For
Elect Director Jeffrey O. Henley   Mgmt   For   For
Elect Director Mark V. Hurd   Mgmt   For   For

Oracle Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Lucas   Mgmt   For   For
Director Naomi O. Seligman   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   None   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    19-Oct-11    USA    019344100    Annual    29-Sep-11

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Common Stock   Mgmt   For   For
Approve Deferred Phantom Unit Plan   Mgmt   For   For
Approve Deferred Share Unit Plan   Mgmt   For   For

Diageo plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DGE    19-Oct-11    United Kingdom    G42089113    Annual    17-Oct-11

 

CUSIP: G42089113    ISIN: GB0002374006    SEDOL: 0237400

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Peggy Bruzelius as Director   Mgmt   For   For
Re-elect Laurence Danon as Director   Mgmt   For   For
Re-elect Lord Davies of Abersoch as Director   Mgmt   For   For
Re-elect Betsy Holden as Director   Mgmt   For   For
Re-elect Dr Franz Humer as Director   Mgmt   For   For
Re-elect Deirdre Mahlan as Director   Mgmt   For   For
Re-elect Philip Scott as Director   Mgmt   For   For
Re-elect Todd Stitzer as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors of the Company   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BHP Billiton plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BLT    20-Oct-11    United Kingdom    G10877101    Annual    18-Oct-11

 

CUSIP: G10877101    ISIN: GB0000566504    SEDOL: 0056650

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Lindsay Maxsted as Director   Mgmt   For   For
Elect Shriti Vadera as Director   Mgmt   For   For
Re-elect Malcolm Broomhead as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Carlos Cordeiro as Director   Mgmt   For   For
Re-elect David Crawford as Director   Mgmt   For   For
Re-elect Carolyn Hewson as Director   Mgmt   For   For
Re-elect Marius Kloppers as Director   Mgmt   For   For
Re-elect Wayne Murdy as Director   Mgmt   For   For
Re-elect Keith Rumble as Director   Mgmt   For   For
Re-elect John Schubert as Director   Mgmt   For   For
Re-elect Jacques Nasser as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    20-Oct-11    USA    559181102    Annual    26-Aug-11

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

Magma Design Automation, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roy E. Jewell   Mgmt   For   For
Elect Director Thomas M. Rohrs   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Newcrest Mining Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCM    27-Oct-11    Australia    Q6651B114    Annual    25-Oct-11

 

CUSIP: Q6651B114    ISIN: AU000000NCM7    SEDOL: 6637101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Winifred Kamit as a Director   Mgmt   For   For
Elect Don Mercer as a Director   Mgmt   For   For
Elect Richard Knight as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Renew Proportional Takeover Bid Approval Rule   Mgmt   For   For

Cardinal Health, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAH    02-Nov-11    USA    14149Y108    Annual    06-Sep-11

 

CUSIP: 14149Y108    ISIN: US14149Y1082    SEDOL: 2175672

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen F. Arnold   Mgmt   For   For
Elect Director George S. Barrett   Mgmt   For   For

Cardinal Health, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Carrie S. Cox   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Bruce L. Downey   Mgmt   For   For
Elect Director John F. Finn   Mgmt   For   For
Elect Director Gregory B. Kenny   Mgmt   For   For
Elect Director David P. King   Mgmt   For   For
Elect Director Richard C. Notebaert   Mgmt   For   For
Elect Director David W. Raisbeck   Mgmt   For   For
Elect Director Jean G. Spaulding   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Voter Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.

Commonwealth Bank Of Australia

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBA    08-Nov-11    Australia    Q26915100    Annual    06-Nov-11

 

CUSIP: Q26915100    ISIN: AU000000CBA7    SEDOL: 6215035

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Colin Galbraith as Director   Mgmt   For   For
Elect Jane Hemstritch as Director   Mgmt   For   For

Commonwealth Bank Of Australia

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Andrew Mohl as Director   Mgmt   For   For
Elect Lorna Inman as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Share Grants to Ian Mark Narev, CEO and Managing Director, Under the Group Leadership Reward Plan   Mgmt   For   For

Wesfarmers Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WES    09-Nov-11    Australia    Q95870103    Annual    07-Nov-11

 

CUSIP: Q95870103    ISIN: AU000000WES1    SEDOL: 6948836

 

  Proponent   Mgmt Rec   Vote Instruction
Elect T J Bowen as a Director   Mgmt   For   For
Elect R L Every as a Director   Mgmt   For   For
Elect C Macek as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Approve the Grant of Share Awards to the Group Managing Director   Mgmt   For   For
Approve the Grant of Share Awards to the Finance Director   Mgmt   For   For

bebe stores, inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEBE    10-Nov-11    USA    075571109    Annual    26-Sep-11

 

CUSIP: 075571109    ISIN: US0755711092    SEDOL: 2257677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Manny Mashouf   Mgmt   For   For
Elect Director Barbara Bass   Mgmt   For   For
Elect Director Cynthia Cohen   Mgmt   For   For
Elect Director Corrado Federico   Mgmt   For   For

bebe stores, inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Caden Wang   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Microsoft Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSFT    15-Nov-11    USA    594918104    Annual    02-Sep-11

 

CUSIP: 594918104    ISIN: US5949181045    SEDOL: 2588173

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Ballmer   Mgmt   For   For
Elect Director Dina Dublon   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director Raymond V. Gilmartin   Mgmt   For   For
Elect Director Reed Hastings   Mgmt   For   For
Elect Director Maria M. Klawe   Mgmt   For   For
Elect Director David F. Marquardt   Mgmt   For   For
Elect Director Charles H. Noski   Mgmt   For   For
Elect Director Helmut Panke   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against

BHP Billiton Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BHP    17-Nov-11    Australia    Q1498M100    Annual    15-Nov-11

 

CUSIP: Q1498M100    ISIN: AU000000BHP4    SEDOL: 6144690

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports for BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Lindsay Maxsted as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Shriti Vadera as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Malcolm Broomhead as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Buchanan as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carlos Cordeiro as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect David Crawford as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carolyn Hewson as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Marius Kloppers as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Wayne Murdy as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Keith Rumble as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Schubert as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Jacques Nasser as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Appoint KPMG Audit Plc as Auditors of BHP Billiton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc for Cash   Mgmt   For   For
Approve the Repurchase of Up to 213.62 Million Shares in BHP Billiton Plc   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For
Approve the Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

CACI International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACI    17-Nov-11    USA    127190304    Annual    19-Sep-11

 

CUSIP: 127190304    ISIN: US1271903049    SEDOL: 2159267

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul M. Cofoni   Mgmt   For   For
Elect Director James S. Gilmore, III   Mgmt   For   For
Elect Director Gregory G. Johnson   Mgmt   For   For
Elect Director Richard L. Leatherwood   Mgmt   For   For
Elect Director J. Phillip London   Mgmt   For   For
Elect Director James L. Pavitt   Mgmt   For   For
Elect Director Warren R. Phillips   Mgmt   For   For
Elect Director Charles P. Revoile   Mgmt   For   For
Elect Director William S. Wallace   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation?s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation?s business.
Adjourn Meeting   Mgmt   For   Against
Voter Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support. Policy Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support.
Ratify Auditors   Mgmt   For   For

Jack Henry & Associates, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JKHY    17-Nov-11    USA    426281101    Annual    20-Sep-11

 

CUSIP: 426281101    ISIN: US4262811015    SEDOL: 2469193

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Hall   Mgmt   For   For
Elect Director Michael E. Henry   Mgmt   For   For
Elect Director Matthew C. Flanigan   Mgmt   For   For
Elect Director Craig R. Curry   Mgmt   For   For
Elect Director Wesley A. Brown   Mgmt   For   For
Elect Director Marla K. Shepard   Mgmt   For   For
Elect Director John F. Prim   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Lancaster Colony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LANC    21-Nov-11    USA    513847103    Annual    23-Sep-11

 

CUSIP: 513847103    ISIN: US5138471033    SEDOL: 2503206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Fox   Mgmt   For   For
Elect Director John B. Gerlach, Jr.   Mgmt   For   For
Elect Director Edward H. Jennings   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Lancaster Colony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Silicon Graphics International Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGI    02-Dec-11    USA    82706L108    Annual    07-Oct-11

 

CUSIP: 82706L108    ISIN: US82706L1089    SEDOL: B081PV0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark J. Barrenechea   Mgmt   For   For
Elect Director Michael W. Hagee   Mgmt   For   For
Elect Director Charles M. Boesenberg   Mgmt   For   For
Elect Director Gary A. Griffiths   Mgmt   For   For
Elect Director Hagi Schwartz   Mgmt   For   For
Elect Director Ronald D. Verdoorn   Mgmt   For   For
Elect Director Douglas R. King   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Ascena Retail Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ASNA    07-Dec-11    USA    04351G101    Annual    10-Oct-11

 

CUSIP: 04351G101    ISIN: US04351G1013    SEDOL: B65D9Z3

Ascena Retail Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David R. Jaffe   Mgmt   For   For
Elect Director Klaus Eppler   Mgmt   For   For
Elect Director Kate Buggeln   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSCO    07-Dec-11    USA    17275R102    Annual    10-Oct-11

 

CUSIP: 17275R102    ISIN: US17275R1023    SEDOL: 2198163

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol A. Bartz   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Michael D. Capellas   Mgmt   For   For
Elect Director Larry R. Carter   Mgmt   For   For
Elect Director John T. Chambers   Mgmt   For   For
Elect Director Brian L. Halla   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Richard M. Kovacevich   Mgmt   For   For
Elect Director Roderick C. McGeary   Mgmt   For   For
Elect Director Arun Sarin   Mgmt   For   For
Elect Director Steven M. West   Mgmt   For   For
Elect Director Jerry Yang   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cisco Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis as the proposal is to establish an Environmental Sustainability committee.
Report on Internet Fragmentation   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Westpac Banking Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WBC    14-Dec-11    Australia    Q97417101    Annual    12-Dec-11

 

CUSIP: Q97417101    ISIN: AU000000WBC1    SEDOL: 6076146

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Lindsay Philip Maxsted as a Director   Mgmt   For   For
Elect John Simon Curtis as a Director   Mgmt   For   For
Elect Ann Pickard as a Director   Mgmt   For   For

Aruba Networks, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARUN    15-Dec-11    USA    043176106    Annual    20-Oct-11

 

CUSIP: 043176106    ISIN: US0431761065    SEDOL: B1VRPM3

Aruba Networks, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dominic P. Orr   Mgmt   For   For
Elect Director Keerti Melkote   Mgmt   For   For
Elect Director Bernard Guidon   Mgmt   For   For
Elect Director Emmanuel Hernandez   Mgmt   For   For
Elect Director Michael R. Kourey   Mgmt   For   For
Elect Director Douglas Leone   Mgmt   For   For
Elect Director Willem P. Roelandts   Mgmt   For   For
Elect Director Juergen Rottler   Mgmt   For   For
Elect Director Daniel Warmenhoven   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

National Australia Bank Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NAB    15-Dec-11    Australia    Q65336119    Annual    13-Dec-11

 

CUSIP: Q65336119    ISIN: AU000000NAB4    SEDOL: 6624608

 

  Proponent   Mgmt Rec   Vote Instruction
Elect John Thorn as a Director   Mgmt   For   For
Elect Geoff Tomlinson as a Director   Mgmt   For   For
Elect Ken Henry as a Director   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Cameron Clyne, CEO of the company   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Mark Joiner, Execuive Director of Finance   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Australia and New Zealand Banking Group Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANZ    16-Dec-11    Australia    Q09504137    Annual    14-Dec-11

 

CUSIP: Q09504137    ISIN: AU000000ANZ3    SEDOL: 6065586

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Remuneration Report   Mgmt   For   For
Approve the Grant of Performance Rights to Michael Smith, Chief Executive Officer of the Company   Mgmt   For   For
Approve the Terms and Conditions of the Selective Buy-Back Schemes Relating to the Buy-Back of the June 2007 Sterling Preference Shares   Mgmt   For   For
Ratify Past Issue of 13.4 Million Convertible Preference Shares   Mgmt   For   For
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Shareholder Proposal   Mgmt    
Elect R.J. Reeves as a Director   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis..
Management Proposals   Mgmt    
Elect P.A.F. Hay as a Director   Mgmt   For   For
Elect A.M. Watkins as a Director   Mgmt   For   For

Robbins & Myers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RBN    05-Jan-12    USA    770196103    Annual    16-Nov-11

 

CUSIP: 770196103    ISIN: US7701961036    SEDOL: 2743206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard J. Giromini   Mgmt   For   For
Elect Director Stephen F. Kirk   Mgmt   For   For
Elect Director Peter C. Wallace   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Acuity Brands, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AYI    06-Jan-12    USA    00508Y102    Annual    09-Nov-11

 

CUSIP: 00508Y102    ISIN: US00508Y1029    SEDOL: 2818461

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter C. Browning   Mgmt   For   For
Elect Director Ray M. Robinson   Mgmt   For   For
Elect Director Norman H. Wesley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Approve Deferred Compensation Plan   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    06-Jan-12    United Kingdom    G03764134    Special    04-Jan-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Acquisition of the Entire Equity and Shareholder Loan Interests of the CHL Group in DB Investments SA and De Beers SA   Mgmt   For   For
Policy Rationale: TDAM evaluates merger & acquisition proposals on a case-by-case basis.

The Greenbrier Companies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBX    06-Jan-12    USA    393657101    Annual    17-Nov-11

 

CUSIP: 393657101    ISIN: US3936571013    SEDOL: 2387530

The Greenbrier Companies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Furman   Mgmt   For   For
Elect Director C. Bruce Ward   Mgmt   For   For
Elect Director Charles J. Swindells   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Actuant Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATU    10-Jan-12    USA    00508X203    Annual    14-Nov-11

 

CUSIP: 00508X203    ISIN: US00508X2036    SEDOL: 2716792

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Arzbaecher   Mgmt   For   For
Elect Director Gurminder S. Bedi   Mgmt   For   For
Elect Director Gustav H.p. Boel   Mgmt   For   For
Elect Director Thomas J. Fischer   Mgmt   For   For
Elect Director William K. Hall   Mgmt   For   For
Elect Director R. Alan Hunter   Mgmt   For   For
Elect Director Robert A. Peterson   Mgmt   For   For
Elect Director Holly A. Van Deursen   Mgmt   For   For
Elect Director Dennis K. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

HealthSpring, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HS    12-Jan-12    USA    42224N101    Special    08-Dec-11

 

CUSIP: 42224N101    ISIN: US42224N1019    SEDOL: B0Y4Z91

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition.proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1.
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1.

Ariba, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARBA    20-Jan-12    USA    04033V203    Annual    01-Dec-11

 

CUSIP: 04033V203    ISIN: US04033V2034    SEDOL: B01RQB2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harriet Edelman   Mgmt   For   For
Elect Director Richard A. Kashnow   Mgmt   For   For
Elect Director Robert D. Johnson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Siemens AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIE    24-Jan-12    Germany    D69671218    Annual   

 

CUSIP: D69671218    ISIN: DE0007236101    SEDOL: 5727973

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proposals   Mgmt    
Receive Financial Statements and Statutory Reports for Fiscal 2010/2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 3.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2010/2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2010/2011   Mgmt   For   For
Ratify Ernst & Young GmbH as Auditors for Fiscal 2011/2012   Mgmt   For   For
Shareholder Proposal Submitted by Verein von Belegschaftsaktionaeren in der Siemens AG e.V Muenchen   Mgmt    
Amend Articles Re: Female Representation on the Supervisory Board   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Johnson Controls, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JCI    25-Jan-12    USA    478366107    Annual    17-Nov-11

 

CUSIP: 478366107    ISIN: US4783661071    SEDOL: 2476803

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis W. Archer   Mgmt   For   For
Elect Director Mark P. Vergnano   Mgmt   For   For
Elect Director Richard Goodman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported..

Jacobs Engineering Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JEC    26-Jan-12    USA    469814107    Annual    02-Dec-11

 

CUSIP: 469814107    ISIN: US4698141078    SEDOL: 2469052

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Noel G. Watson   Mgmt   For   For
Elect Director Joseph R. Bronson   Mgmt   For   For
Elect Director Peter J. Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Sally Beauty Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBH    26-Jan-12    USA    79546E104    Annual    28-Nov-11

 

CUSIP: 79546E104    ISIN: US79546E1047    SEDOL: B1GZ005

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth A. Giuriceo   Mgmt   For   For
Elect Director Robert R. McMaster   Mgmt   For   For
Elect Director Martha Miller   Mgmt   For   For
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

ViaSat, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VSAT    27-Jan-12    USA    92552V100    Annual    06-Dec-11

 

CUSIP: 92552V100    ISIN: US92552V1008    SEDOL: 2946243

ViaSat, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark Dankberg   Mgmt   For   For
Elect Director Michael Targoff   Mgmt   For   For
Elect Director Harvey White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Two Years   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Microsemi Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSCC    31-Jan-12    USA    595137100    Annual    05-Dec-11

 

CUSIP: 595137100    ISIN: US5951371005    SEDOL: 2588140

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Peterson   Mgmt   For   For
Elect Director Dennis R. Leibel   Mgmt   For   For
Elect Director Thomas R. Anderson   Mgmt   For   For
Elect Director William E. Bendush   Mgmt   For   For
Elect Director William L. Healey   Mgmt   For   For
Elect Director Paul F. Folino   Mgmt   For   For
Elect Director Matthew E. Massengill   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Visa Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
V    31-Jan-12    USA    92826C839    Annual    05-Dec-11

 

CUSIP: 92826C839    ISIN: US92826C8394    SEDOL: B2PZN04

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary P. Coughlan   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Francisco Javier Fernandez-Carbajal   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Cathy E. Minehan   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director David J. Pang   Mgmt   For   For
Elect Director Joseph W. Saunders   Mgmt   For   For
Elect Director William S. Shanahan   Mgmt   For   For
Elect Director John A. Swainson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

Imperial Tobacco Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IMT    01-Feb-12    United Kingdom    G4721W102    Annual    30-Jan-12

 

CUSIP: G4721W102    ISIN: GB0004544929    SEDOL: 0454492

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Ken Burnett as Director   Mgmt   For   For
Re-elect Alison Cooper as Director   Mgmt   For   For

Imperial Tobacco Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Robert Dyrbus as Director   Mgmt   For   For
Re-elect Michael Herlihy as Director   Mgmt   For   For
Re-elect Susan Murray as Director   Mgmt   For   For
Re-elect Iain Napier as Director   Mgmt   For   For
Re-elect Berge Setrakian as Director   Mgmt   For   For
Re-elect Mark Williamson as Director   Mgmt   For   For
Elect Malcolm Wyman as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Emerson Electric Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EMR    07-Feb-12    USA    291011104    Annual    29-Nov-11

 

CUSIP: 291011104    ISIN: US2910111044    SEDOL: 2313405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Fernandez G.   Mgmt   For   For
Elect Director A.F. Golden   Mgmt   For   For
Elect Director W.R. Johnson   Mgmt   For   For
Elect Director J.B. Menzer   Mgmt   For   For
Elect Director A.A. Busch, III   Mgmt   For   For
Elect Director R.I. Ridgway   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Emerson Electric Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Sustainability   SH   Against   For
Policy Rationale: TDAM supports disclosure related proposals.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported..

Accenture plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSA    09-Feb-12    Ireland    G1151C101    Annual    12-Dec-11

 

CUSIP: G1151C101    ISIN: IE00B4BNMY34    SEDOL: B412KX5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Reelect Dina Dublon as a Director   Mgmt   For   For
Reelect William D. Green as a Director   Mgmt   For   For
Reelect Nobuyuki Idei as a Director   Mgmt   For   For
Reelect Marjorie Magner as a Director   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported Classified Boards are typically opposed.
Authorize the Holding of the 2013 AGM at a Location Outside Ireland   Mgmt   For   For
Authorize Open-Market Purchases of Class A Ordinary Shares   Mgmt   For   For
Determine the Price Range at which Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    16-Feb-12    USA    559181102    Special    06-Jan-12

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Refer to Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1

Ruddick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDK    16-Feb-12    USA    781258108    Annual    09-Dec-11

 

CUSIP: 781258108    ISIN: US7812581087    SEDOL: 2758482

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John R. Belk   Mgmt   For   For
Elect Director John P. Derham Cato   Mgmt   For   For
Elect Director Thomas W. Dickson   Mgmt   For   For
Elect Director James E.S. Hynes   Mgmt   For   For
Elect Director Anna Spangler Nelson   Mgmt   For   For
Elect Director Bailey W. Patrick   Mgmt   For   For
Elect Director Robert H. Spilman, Jr.   Mgmt   For   For
Elect Director Harold C. Stowe   Mgmt   For   For
Elect Director Isaiah Tidwell   Mgmt   For   For
Elect Director William C. Warden, Jr.   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ruddick Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Apple Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAPL    23-Feb-12    USA    037833100    Annual    27-Dec-11

 

CUSIP: 037833100    ISIN: US0378331005    SEDOL: 2046251

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William V. Campbell   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 73.6 percent of votes cast at the previous AGM. The company continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Campbell, Drexler, and Gore, who serve on the Nominating and Corporate Governance Committee of the board.
Elect Director Timothy D. Cook   Mgmt   For   For
Elect Director Millard S. Drexler   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Al Gore   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Arthur D. Levinson   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Conflict of Interest Report   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Apple Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Directors’ Compensation   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Sirona Dental Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIRO    23-Feb-12    USA    82966C103    Annual    27-Dec-11

 

CUSIP: 82966C103    ISIN: US82966C1036    SEDOL: B17MSX4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David K. Beecken   Mgmt   For   For
Elect Director Jost Fischer   Mgmt   For   For
Elect Director Arthur D. Kowaloff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Nordson Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDSN    28-Feb-12    USA    655663102    Annual    03-Jan-12

 

CUSIP: 655663102    ISIN: US6556631025    SEDOL: 2641838

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Merriman, Jr   Mgmt   For   For
Elect Director Frank M. Jaehnert   Mgmt   For   For
Elect Director Arthur L. George, Jr.   Mgmt   For   For

Nordson Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Annual    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adam K. Bernstein   Mgmt   For   For
Elect Director Jeffrey Flug   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Special    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Multi-Fineline Electronix, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFLX    05-Mar-12    USA    62541B101    Annual    09-Jan-12

 

CUSIP: 62541B101    ISIN: US62541B1017    SEDOL: B011MJ4

Multi-Fineline Electronix, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe Lemaitre   Mgmt   For   For
Elect Director Donald K. Schwanz   Mgmt   For   For
Elect Director See Meng Wong   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

QUALCOMM Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QCOM    06-Mar-12    USA    747525103    Annual    09-Jan-12

 

CUSIP: 747525103    ISIN: US7475251036    SEDOL: 2714923

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara T. Alexander   Mgmt   For   For
Elect Director Stephen M. Bennett   Mgmt   For   For
Elect Director Donald G. Cruickshank   Mgmt   For   For
Elect Director Raymond V. Dittamore   Mgmt   For   For
Elect Director Thomas W. Horton   Mgmt   For   For
Elect Director Paul E. Jacobs   Mgmt   For   For
Elect Director Robert E. Kahn   Mgmt   For   For
Elect Director Sherry Lansing   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 51.5 percent of votes cast at the previous AGM. Although the company has adopted a director resignation policy, it continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Lansing, Ros, and Scowcroft, who serve on the Corporate Governance Committee of the board.
Elect Director Duane A. Nelles   Mgmt   For   For
Elect Director Francisco Ros   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

QUALCOMM Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brent Scowcroft   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc I. Stern   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Eliminate Provision Relating to Plurality Voting for the Election of Directors   Mgmt   For   For
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Parametric Technology Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PMTC    07-Mar-12    USA    699173209    Annual    06-Jan-12

 

CUSIP: 699173209    ISIN: US6991732099    SEDOL: B103771

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald K. Grierson   Mgmt   For   For
Elect Director James E. Heppelmann   Mgmt   For   For
Elect Director Renato Zambonini   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

Piedmont Natural Gas Company, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNY    08-Mar-12    USA    720186105    Annual    03-Jan-12

 

CUSIP: 720186105    ISIN: US7201861058    SEDOL: 2688147

Piedmont Natural Gas Company, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director E. James Burton   Mgmt   For   For
Elect Director John W. Harris   Mgmt   For   For
Elect Director Aubrey B. Harwell, Jr.   Mgmt   For   For
Elect Director David E. Shi   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Reduce Supermajority Vote Requirement in the Articles of Incorporation   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Reduce Supermajority Vote Requirement in the Bylaws   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

El Paso Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EP    09-Mar-12    USA    28336L109    Special    20-Jan-12

 

CUSIP: 28336L109    ISIN: US28336L1098    SEDOL: 2295945

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For

The Walt Disney Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DIS    13-Mar-12    USA    254687106    Annual    13-Jan-12

 

CUSIP: 254687106    ISIN: US2546871060    SEDOL: 2270726

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan E. Arnold   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Judith L. Estrin   Mgmt   For   For
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Fred H. Langhammer   Mgmt   For   For
Elect Director Aylwin B. Lewis   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Sheryl Sandberg   Mgmt   For   For
Elect Director Orin C. Smith   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed, TDAM normally opposes option/compensation plans when full plan text is not included in the circular.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Concur Technologies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNQR    14-Mar-12    USA    206708109    Annual    18-Jan-12

 

CUSIP: 206708109    ISIN: US2067081099    SEDOL: 2325091

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. Steven Singh   Mgmt   For   For
Elect Director Jeffrey T. Seely   Mgmt   For   For
Elect Director Randall H. Talbot   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Concur Technologies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Franklin Resources, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEN    14-Mar-12    USA    354613101    Annual    17-Jan-12

 

CUSIP: 354613101    ISIN: US3546131018    SEDOL: 2350684

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel H. Armacost   Mgmt   For   For
Elect Director Charles Crocker   Mgmt   For   For
Elect Director Joseph R. Hardiman   Mgmt   For   For
Elect Director Charles B. Johnson   Mgmt   For   For
Elect Director Gregory E. Johnson   Mgmt   For   For
Elect Director Rupert H. Johnson, Jr.   Mgmt   For   For
Elect Director Mark C. Pigott   Mgmt   For   For
Elect Director Chutta Ratnathicam   Mgmt   For   For
Elect Director Laura Stein   Mgmt   For   For
Elect Director Anne M. Tatlock   Mgmt   For   For
Elect Director Geoffrey Y. Yang   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Bilbao Vizcaya Argentaria, S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBVA    15-Mar-12    Spain    E11805103    Annual    08-Mar-12

 

CUSIP: E11805103    ISIN: ES0113211835    SEDOL: 5501906

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    

Banco Bilbao Vizcaya Argentaria, S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Standalone and Consolidated Financial Statements, Allocation of Income, Distribution of Dividend, and Discharge Directors for FY 2011   Mgmt   For   For
Reelect José Antonio Fernández Rivero as Director   Mgmt   For   For
Reelect José Maldonado Ramos as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Enrique Medina Fernández as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Ratify Co-option and Appoint Juan Pi Llorens as Director   Mgmt   For   For
Elect Belén Garijo López as Director   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of New Shares, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities Without Preemptive Rights up to EUR 12 Billion   Mgmt   For   For
Amend and Approve Termination of Multi-Year Variable Share Remuneration Programme for 2010/2011   Mgmt   For   For
Approve Deferred Share Bonus Plan for FY 2012   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend General Meeting Regulations   Mgmt   For   For
Ratify Deloitte as Auditors   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Hewlett-Packard Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HPQ    21-Mar-12    USA    428236103    Annual    23-Jan-12

 

CUSIP: 428236103    ISIN: US4282361033    SEDOL: 2424006

Hewlett-Packard Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director Shumeet Banerji   Mgmt   For   For
Elect Director Rajiv L. Gupta   Mgmt   For   For
Elect Director John H. Hammergren   Mgmt   For   For
Elect Director Raymond. J. Lane   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director G. M. Reiner   Mgmt   For   For
Elect Director Patricia. F. Russo   Mgmt   For   For
Elect Director G. Kennedy Thompson   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Ralph. V. Whitworth   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Retention Ratio for Executives   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Novo Nordisk A/S

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOVO B    21-Mar-12    Denmark    K7314N152    Annual    14-Mar-12

 

CUSIP: K7314N152    ISIN: DK0060102614    SEDOL: 7077524

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Report of Board   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration of Directors for 2011 in the Aggregate Amount of DKK 9,400,000   Mgmt   For   For
Approve Remuneration of Directors for 2012; Approve Fees for Committee Work   Mgmt   For   For
Approve Allocation of Income and Dividends of DKK 14.00 per Share   Mgmt   For   For
Reelect Sten Scheibye as Chairman   Mgmt   For   For

Novo Nordisk A/S

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Goran Ando as Vice Chairman   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bruno Angelici as Director   Mgmt   For   For
Reelect Henrik Gurtler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Thomas Koestler as Director   Mgmt   For   For
Reelect Kurt Nielsen as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Hannu Ryopponen as Director   Mgmt   For   For
Elect Liz Hewitt as New Director   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve DKK 20 Million Reduction in Share Capital via Share Cancellation   Mgmt   For   For
Authorize Repurchase up to 10 Percent of Share Capital   Mgmt   For   For
Amend Articles Re: Electronic Communication With Shareholders   Mgmt   For   For
Amend Articles to Reflect Name Change of the Danish Business Authority   Mgmt   For   For
Approve Revised Remuneration Principles   Mgmt   For   For
Other Business   Mgmt    

Nordea Bank AB

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDA    22-Mar-12    Sweden    W57996105    Annual    16-Mar-12

 

CUSIP: W57996105    ISIN: SE0000427361    SEDOL: 5380031

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Claes Beyer as Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Speech   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.26 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (9) and Deputy Members (0) of Board   Mgmt   For   For
Fix Number of Auditors at One   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 252,000 for Chairman, EUR 97,650 for Deputy Chairman, and EUR 75,600 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Items 13.1 and 13.2 are Presented as a Single Item (Item 13) on the Original Agenda. Item 13.1 Represents the Election of the Management’s Slate for Directors, whereas Item 13.2 is a Shareholder Proposal to Elect an Additional Director   Mgmt    
Reelect Bjorn Wahlroos (Chairman), Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom Knutzen, Lars Nordstrom, Sarah Russell, and Kari Stadigh as Directors; Elect Peter Braunwalder as New Director   Mgmt   For   For
Elect Jorgen Hyldgaard as New Director   SH   None   Do Not Vote
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify KPMG as Auditors   Mgmt   For   For
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Authorize Repurchase of Shares in Connection with Securities Trading   Mgmt   For   For
Approve Remuneration Policy and Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan   Mgmt   For   For
Approve Issuance of up to 2.7 Million Class C-Shares, Approve Repurchase of up to 2.7 Million Class C-Shares, Approve Reallocation of Shares, and Approve Conveyance of up to 7.8 Million Class C-Shares   Mgmt   For   For
Shareholder Proposals   Mgmt    

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Detach Remuneration from Economic Criteria; Reduce Director and Executive Management Remuneration by 10-20 percent; Allow Moral Criteria to Determine Remuneration; Specify how Financial Advisory Engagements are Evaluated   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

HEICO Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HEI    26-Mar-12    USA    422806109    Annual    20-Jan-12

 

CUSIP: 422806109    ISIN: US4228061093    SEDOL: 2419217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adolfo Henriques   Mgmt   For   For
Elect Director Samuel L. Higginbottom   Mgmt   For   For
Elect Director Mark H. Hildebrandt   Mgmt   For   For
Elect Director Wolfgang Mayrhuber   Mgmt   For   For
Elect Director Eric A. Mendelson   Mgmt   For   For
Elect Director Laurans A. Mendelson   Mgmt   For   For
Elect Director Victor H. Mendelson   Mgmt   For   For
Elect Director Alan Schriesheim   Mgmt   For   For
Elect Director Frank J. Schwitter   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Increase Authorized Class A Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Ratify Auditors   Mgmt   For   For

CLARCOR Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLC    27-Mar-12    USA    179895107    Annual    03-Feb-12

 

CUSIP: 179895107    ISIN: US1798951075    SEDOL: 2201265

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Marc Adam   Mgmt   For   For
Elect Director James W. Bradford, Jr.   Mgmt   For   For
Elect Director James L. Packard   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Santander S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    29-Mar-12    Spain    E19790109    Annual    22-Mar-12

 

CUSIP: E19790109    ISIN: ES0113900J37    SEDOL: 5705946

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Accept Individual and Consolidated Financial Statements and Statutory Reports for FY 2011   Mgmt   For   For
Approve Discharge of Directors for FY 2011   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.60 Per Share   Mgmt   For   For
Elect Esther Gimenez-Salinas Colomer as Director   Mgmt   For   For
Ratify Appointment of and Elect Vittorio Corbo Lioi as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Juan Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Emilio Botin-Sanz de Sautuola y Garcia de los Rios as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Matias Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.

Banco Santander S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Manuel Soto Serrano as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Renew Appointment of Deloitte as Auditor   Mgmt   For   For
Amend Articles 22, 23, 24, 27, 31, and 61   Mgmt   For   For
Amend Article 69   Mgmt   For   For
Amend 4, 5, 6, 7, and 8 of General Meeting Regulations   Mgmt   For   For
Amend Articles 18, 19, 21, 22, and 26 of General Meeting Regulations   Mgmt   For   For
Authorize Capital Increase of EUR 500 Million   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities up to EUR 8 Billion with 20 Percent Dilution Limit on Issues Excluding Preemptive Rights   Mgmt   For   For

 

Authorize Issuance of Non-convertible Debt and Fixed- Income Securities up to EUR 40 Billion

  

 

Mgmt

  

 

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Approve New Conversion Date for 2007 Mandatorily Convertible Debentures   Mgmt   For   For
Approve Deferred Annual Bonus under Second Cycle of Deferred and Conditional Variable Remuneration Plan   Mgmt   For   For
Approve Deferred Annual Share Bonus Plan under Third Cycle of Deferred and Conditional Share Plan   Mgmt   For   For
Approve Savings Plan for Santander UK plc Employees and Other Companies of Santander Group in UK   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Canon Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7751    29-Mar-12    Japan    J05124144    Annual    31-Dec-11

 

CUSIP: J05124144    ISIN: JP3242800005    SEDOL: 6172323

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 60   Mgmt   For   For
Amend Articles To Authorize Internet Disclosure of Shareholder Meeting Materials - Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Mitarai, Fujio   Mgmt   For   For
Elect Director Tanaka, Toshizo   Mgmt   For   For
Elect Director Ikoma, Toshiaki   Mgmt   For   For
Elect Director Watanabe, Kunio   Mgmt   For   For
Elect Director Adachi, Yoroku   Mgmt   For   For
Elect Director Mitsuhashi, Yasuo   Mgmt   For   For
Elect Director Matsumoto, Shigeyuki   Mgmt   For   For
Elect Director Homma, Toshio   Mgmt   For   For
Elect Director Nakaoka, Masaki   Mgmt   For   For
Elect Director Honda, Haruhisa   Mgmt   For   For
Elect Director Ozawa, Hideki   Mgmt   For   For
Elect Director Maeda, Masaya   Mgmt   For   For
Elect Director Tani, Yasuhiro   Mgmt   For   For
Elect Director Araki, Makoto   Mgmt   For   For
Elect Director Suematsu, Hiroyuki   Mgmt   For   For
Elect Director Uzawa, Shigeyuki   Mgmt   For   For
Elect Director Nagasawa, Kenichi   Mgmt   For   For
Elect Director Otsuka, Naoji   Mgmt   For   For
Appoint Statutory Auditor Uramoto, Kengo   Mgmt   For   For
Approve Retirement Bonus Payment for Directors   Mgmt   For   Against
Policy Rationale: Approval of this proposal is not warranted because the bonus amounts are not disclosed.
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Daimler AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAI    04-Apr-12    Germany    D1668R123    Annual   

 

CUSIP: D1668R123    ISIN: DE0007100000    SEDOL: 5529027

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.20 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Reelect Clemens Boersig to the Supervisory Board   Mgmt   For   For

LVMH Moet Hennessy Louis Vuitton

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MC    05-Apr-12    France    F58485115    Annual/Special    30-Mar-12

 

CUSIP: F58485115    ISIN: FR0000121014    SEDOL: 4061412

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM votes against this item because the comapny failed to provide adequate information (notably rationale and price setting conditions) on an assistance agreement involving the majority shareholder of LVMH, Groupe Arnault SAS, controlled by the chairman and CEO of the company.
Approve Allocation of Income and Dividends of EUR 2.60 per Share   Mgmt   For   For
Ratify Appointment of Francesco Trapani as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Appointment of Felix G. Rohatyn as Censor   Mgmt   For   Against
Policy Rationale: TDAM votes against this item as the company has failed to disclose an appropriate rationale for the nominee’s requested appointment.

LVMH Moet Hennessy Louis Vuitton

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Antoine Arnault as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Albert Frere as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Gilles Hennessy as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Lord Powell Of Bayswater as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Yves Thibault De Silguy as Director   Mgmt   For   For
Approve Remuneration of Directors in the Aggregate Amount of EUR 1.26 Million   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Amend Article 23 of Bylaws Re: Convening of General Meeting upon Second Call and Proxy Voting   Mgmt   For   For

Schlumberger Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLB    11-Apr-12    NetherlandsAntilles    806857108    Annual    22-Feb-12

 

CUSIP: 806857108    ISIN: AN8068571086    SEDOL: 2779201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L.S. Currie   Mgmt   For   For
Elect Director Tony Isaac   Mgmt   For   For
Elect Director K. Vaman Kamath   Mgmt   For   For
Elect Director Paal Kibsgaard   Mgmt   For   For

Schlumberger Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nikolay Kudryavtsev   Mgmt   For   For
Elect Director Adrian Lajous   Mgmt   For   For
Elect Director Michael E. Marks   Mgmt   For   For
Elect Director Elizabeth Moler   Mgmt   For   For
Elect Director Lubna S. Olayan   Mgmt   For   For
Elect Director Leo Rafael Reif   Mgmt   For   For
Elect Director Tore I. Sandvold   Mgmt   For   For
Elect Director Henri Seydoux   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt and Approve Financials and Dividends   Mgmt   For   For
Ratify PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: The plan includes restricted stock and performance goals or hurdle rates were not established. TDAM generally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

BP plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BP.    12-Apr-12    United Kingdom    G12793108    Annual    10-Apr-12

 

CUSIP: G12793108    ISIN: GB0007980591    SEDOL: 0798059

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Robert Dudley as Director   Mgmt   For   For
Re-elect Iain Conn as Director   Mgmt   For   For
Elect Dr Brian Gilvary as Director   Mgmt   For   For
Re-elect Dr Byron Grote as Director   Mgmt   For   For
Re-elect Paul Anderson as Director   Mgmt   For   For
Re-elect Frank Bowman as Director   Mgmt   For   For

BP plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Antony Burgmans as Director   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect George David as Director   Mgmt   For   For
Re-elect Ian Davis as Director   Mgmt   For   For
Elect Dame Ann Dowling as Director   Mgmt   For   For
Re-elect Brendan Nelson as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Elect Andrew Shilston as Director   Mgmt   For   For
Re-elect Carl-Henric Svanberg as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vinci SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DG    12-Apr-12    France    F5879X108    Annual/Special    06-Apr-12

 

CUSIP: F5879X108    ISIN: FR0000125486    SEDOL: B1XH026

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.77 per Share   Mgmt   For   For
Reelect Jean Pierre Lamoure as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Vinci SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Related Party Transaction Re: Financing of Sud Europe Atlantique High Speed Railway Project   Mgmt   For   For
Approve Related Party Transaction of Vinci and Vinci Concessions with Vinci Autoroutes Re: Participation in ASF Holding   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Weyerhaeuser Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WY    12-Apr-12    USA    962166104    Annual    17-Feb-12

 

CUSIP: 962166104    ISIN: US9621661043    SEDOL: 2958936

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Debra A. Cafaro   Mgmt   For   For
Elect Director Mark A. Emmert   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the company’s 2010 annual meeting, the company received a shareholder proposal asking the company to amend its bylaws to give holders of ten percent of outstanding shares the right to call special meetings. This shareholder proposal received 55.1 percent of votes cast. At the 2011 AGM the company submitted a management proposal to allow the holders of not less than 25 percent of outstanding shares to call a special meeting. The majority supported shareholder resolution is still not implemented. Consequently, TDAM would normally oppose the members of the Governance Committee Emmert, Piasecki, Sinkfield, and Steuert. As the company is in the process of declassifyng the board, not all directors are proposed for election at this meeting.
Elect Director Daniel S. Fulton   Mgmt   For   For

Weyerhaeuser Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John I. Kieckhefer   Mgmt   For   For
Elect Director Wayne W. Murdy   Mgmt   For   For
Elect Director Nicole W. Piasecki   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Charles R. Williamson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

A. O. Smith Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AOS    16-Apr-12    USA    831865209    Annual    20-Feb-12

 

CUSIP: 831865209    ISIN: US8318652091    SEDOL: 2816023

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gloster B. Current, Jr.   Mgmt   For   For
Elect Director William P. Greubel   Mgmt   For   For
Elect Director Idelle K. Wolf   Mgmt   For   For
Elect Director Gene C. Wulf   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Chemical Financial Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHFC    16-Apr-12    USA    163731102    Annual    17-Feb-12

 

CUSIP: 163731102    ISIN: US1637311028    SEDOL: 2190277

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Anderson   Mgmt   For   For
Elect Director J. Daniel Bernson   Mgmt   For   For
Elect Director Nancy Bowman   Mgmt   For   For
Elect Director James R. Fitterling   Mgmt   For   For
Elect Director Thomas T. Huff   Mgmt   For   For
Elect Director Michael T. Laethem   Mgmt   For   For
Elect Director James B. Meyer   Mgmt   For   For
Elect Director Terence F. Moore   Mgmt   For   For
Elect Director Aloysius J. Oliver   Mgmt   For   For
Elect Director David B. Ramaker   Mgmt   For   For
Elect Director Grace O. Shearer   Mgmt   For   For
Elect Director Larry D. Stauffer   Mgmt   For   For
Elect Director Franklin C. Wheatlake   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Citigroup Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
C    17-Apr-12    USA    172967424    Annual    21-Feb-12

 

CUSIP: 172967424    ISIN: US1729674242    SEDOL: 2297907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Franz B. Humer   Mgmt   For   For

Citigroup Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Joss   Mgmt   For   For
Elect Director Michael E. O’Neill   Mgmt   For   For
Elect Director Vikram S. Pandit   Mgmt   For   For
Elect Director Lawrence R. Ricciardi   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Elect Director Anthony M. Santomero   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director William S. Thompson, Jr.   Mgmt   For   For
Elect Director Ernesto Zedillo Ponce de Leon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM normally opposes option/compensation plans when full plan text is not included in the circular, and will oppose incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance. In this case, only certain awards vest based on the attainment of business performance goals, and these objectives are not specified in the plan.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Political Contributions and Lobbying Expenditures   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as the company has already effectively imposed incentives for senior executives to align their decision-making with the long-term interests of the company. Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Pinnacle Financial Partners, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNFP    17-Apr-12    USA    72346Q104    Annual    24-Feb-12

 

CUSIP: 72346Q104    ISIN: US72346Q1040    SEDOL: 2675097

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen Conway-Welch   Mgmt   For   For
Elect Director Ed C. Loughry, Jr.   Mgmt   For   For
Elect Director Hal N. Pennington   Mgmt   For   For
Elect Director M. Terry Turner   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Prosperity Bancshares, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PB    17-Apr-12    USA    743606105    Annual    08-Mar-12

 

CUSIP: 743606105    ISIN: US7436061052    SEDOL: 2310257

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bouligny   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to eliminate the classification of the Board of Directors of the Company and require that all directors stand for election annually received the support of 66.9 percent of the votes cast at the 2010 AGM. Management has not submitted the declassification proposal to a shareholder’s vote at this year’s annual meeting. Additionally, the company continues to maintain a classified board structure. Consequently, TDAM would normally oppose elections of James A. Bouligny, William H. Fagan, and Robert Steelhammer, who serve on the Nominating and Governance committee of the board. However, given the classified nature of the board, Fagan is not standing for election this year.
Elect Director Robert Steelhammer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director H.E. Timanus, Jr.   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Stanley Black & Decker, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWK    17-Apr-12    USA    854502101    Annual    27-Feb-12

 

CUSIP: 854502101    ISIN: US8545021011    SEDOL: B3Q2FJ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patrick D. Campbell   Mgmt   For   For
Elect Director Benjamin H. Griswold, IV   Mgmt   For   For
Elect Director Eileen S. Kraus   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

T. Rowe Price Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TROW    17-Apr-12    USA    74144T108    Annual    17-Feb-12

 

CUSIP: 74144T108    ISIN: US74144T1088    SEDOL: 2702337

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward C. Bernard   Mgmt   For   For
Elect Director James T. Brady   Mgmt   For   For
Elect Director J. Alfred Broaddus, Jr.   Mgmt   For   For
Elect Director Donald B. Hebb, Jr.   Mgmt   For   For
Elect Director James A.C. Kennedy   Mgmt   For   For
Elect Director Robert F. MacLellan   Mgmt   For   For
Elect Director Brian C. Rogers   Mgmt   For   For
Elect Director Alfred Sommer   Mgmt   For   For
Elect Director Dwight S. Taylor   Mgmt   For   For
Elect Director Anne Marie Whittemore   Mgmt   For   For

T. Rowe Price Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

EQT Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQT    18-Apr-12    USA    26884L109    Annual    15-Feb-12

 

CUSIP: 26884L109    ISIN: US26884L1098    SEDOL: 2319414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth M. Burke   Mgmt   For   For
Elect Director Margaret K. Dorman   Mgmt   For   For
Elect Director Philip G. Behrman   Mgmt   For   For
Elect Director A. Bray Cary, Jr.   Mgmt   For   For
Elect Director Lee T. Todd, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: TDAM generally supports the annual election of directors.

Wesbanco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSBC    18-Apr-12    USA    950810101    Annual    05-Mar-12

 

CUSIP: 950810101    ISIN: US9508101014    SEDOL: 2953782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ray A. Byrd   Mgmt   For   For
Elect Director Ernest S. Fragale   Mgmt   For   For

Wesbanco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reed J. Tanner   Mgmt   For   For
Elect Director John W. Fisher, II   Mgmt   For   For
Elect Director D. Bruce Knox   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    19-Apr-12    United Kingdom    G03764134    Annual    17-Apr-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect David Challen as Director   Mgmt   For   For
Re-elect Sir CK Chow as Director   Mgmt   For   For
Re-elect Sir Philip Hampton as Director   Mgmt   For   For
Re-elect Rene Medori as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Re-elect Ray O’Rourke as Director   Mgmt   For   For
Re-elect Sir John Parker as Director   Mgmt   For   For
Re-elect Mamphela Ramphele as Director   Mgmt   For   For
Re-elect Jack Thompson as Director   Mgmt   For   For
Re-elect Peter Woicke as Director   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For

Anglo American plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Intuitive Surgical, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ISRG    19-Apr-12    USA    46120E602    Annual    27-Feb-12

 

CUSIP: 46120E602    ISIN: US46120E6023    SEDOL: 2871301

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary S. Guthart   Mgmt   For   For
Elect Director Mark J. Rubash   Mgmt   For   For
Elect Director Lonnie M. Smith   Mgmt   For   For
Amend Stock Option Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Ratify Auditors   Mgmt   For   For

Rio Tinto plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    19-Apr-12    United Kingdom    G75754104    Annual    17-Apr-12

 

CUSIP: G75754104    ISIN: GB0007188757    SEDOL: 0718875

 

  Proponent   Mgmt Rec   Vote Instruction
Resolutions 1 to 16 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Rio Tinto plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chris Lynch as Director   Mgmt   For   For
Elect John Varley as Director   Mgmt   For   For
Re-elect Tom Albanese as Director   Mgmt   For   For
Re-elect Robert Brown as Director   Mgmt   For   For
Re-elect Vivienne Cox as Director   Mgmt   For   For
Re-elect Jan du Plessis as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Michael Fitzpatrick as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Richard Goodmanson as Director   Mgmt   For   For
Re-elect Lord Kerr as Director   Mgmt   For   For
Re-elect Paul Tellier as Director   Mgmt   For   For
Re-elect Sam Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Resolutions 17 to 22 will be Voted on by Rio Tinto plc Shareholders Only   Mgmt    
Approve Global Employee Share Plan   Mgmt   For   For
Approve Share Savings Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vivendi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VIV    19-Apr-12    France    F97982106    Annual    13-Apr-12

 

CUSIP: F97982106    ISIN: FR0000127771    SEDOL: 4834777

 

  Proponent   Mgmt Rec   Vote Instruction
     
Ordinary Business   Mgmt    

Vivendi

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1 per Share   Mgmt   For   For
Reelect Jean-Rene Fourtou as Supervisory Board Member   Mgmt   For   For
Reelect Philippe Donnet as Supervisory Board Member   Mgmt   For   For
Renew Appointment of Ernst et Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Auditex as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Volkswagen AG (VW)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOW    19-Apr-12    Germany    D94523145    Special    28-Mar-12

 

CUSIP: D94523145    ISIN: DE0007664005    SEDOL: 5497102

 

  Proponent   Mgmt Rec   Vote Instruction
Meeting for Preferred Shareholders   Mgmt    
Approve Creation of EUR 110 Million Pool of Capital without Preemptive Rights   Mgmt   For   For

Wolverine World Wide, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WWW    19-Apr-12    USA    978097103    Annual    01-Mar-12

 

CUSIP: 978097103    ISIN: US9780971035    SEDOL: 2977500

Wolverine World Wide, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alberto L. Grimoldi   Mgmt   For   For
Elect Director Joseph R. Gromek   Mgmt   For   For
Elect Director Brenda J. Lauderback   Mgmt   For   For
Elect Director Shirley D. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

LaSalle Hotel Properties

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LHO    20-Apr-12    USA    517942108    Annual    08-Feb-12

 

CUSIP: 517942108    ISIN: US5179421087    SEDOL: 2240161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey T. Foland   Mgmt   For   For
Elect Director Darryl Hartley-Leonard   Mgmt   For   For
Elect Director William S. McCalmont   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

South Jersey Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SJI    20-Apr-12    USA    838518108    Annual    27-Feb-12

 

CUSIP: 838518108    ISIN: US8385181081    SEDOL: 2825933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Bracken   Mgmt   For   For

South Jersey Industries, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith S. Campbell   Mgmt   For   For
Elect Director Sheila Hartnett-Devlin   Mgmt   For   For
Elect Director Victor A. Fortkiewicz   Mgmt   For   For
Elect Director Edward J. Graham   Mgmt   For   For
Elect Director Walter M. Higgins, III   Mgmt   For   For
Elect Director Sunita Holzer   Mgmt   For   For
Elect Director Joseph H. Petrowski   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

GDF Suez

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSZ    23-Apr-12    France    F42768105    Annual/Special    17-Apr-12

 

CUSIP: F42768105    ISIN: FR0010208488    SEDOL: B0C2CQ3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.50 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Gerard Mestrallet as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent. TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Jean-Francois Cirelli as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Jean-Louis Beffa as Director   Mgmt   For   For
Reelect Paul Desmarais Jr as Director   Mgmt   For   For
Reelect Lord Simon of Highbury as Director   Mgmt   For   For
Appoint Gerard Lamarche as Censor   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted because the company has failed to provide an adequate rationale on the proposed nomination.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Approve Issuance of up to 20 Percent of Issued Capital Per Year for a Private Placement, up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 275 Million   Mgmt   For   For
Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Article 13 of Bylaws Re: Employee Representatives in the Board   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles 16 and 17 of Bylaws Re: Age limit of the CEO and the Chairman of the Board   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Approve Payment of Interim Dividends (Shares)   Mgmt   For   For
Shareholder Proposal   Mgmt    
Approve Dividends od EUR 0.83 per Share   SH   Against   Against
Policy Rationale: This item corresponds to the approval of the allocation of income/distribution policy. TDAM votes with management on such proposals.

S&T Bancorp, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STBA    23-Apr-12    USA    783859101    Annual    19-Mar-12

 

CUSIP: 783859101    ISIN: US7838591011    SEDOL: 2781109

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Brenzia   Mgmt   For   For
Elect Director Todd D. Brice   Mgmt   For   For
Elect Director John J. Delaney   Mgmt   For   For
Elect Director Michael J. Donnelly   Mgmt   For   For
Elect Director William J. Gatti   Mgmt   For   For
Elect Director Jeffrey D. Grube   Mgmt   For   For
Elect Director Frank W. Jones   Mgmt   For   For
Elect Director Joseph A. Kirk   Mgmt   For   For
Elect Director David L. Krieger   Mgmt   For   For
Elect Director James V. Milano   Mgmt   For   For
Elect Director James C. Miller   Mgmt   For   For
Elect Director Alan Papernick   Mgmt   For   For
Elect Director Robert Rebich, Jr.   Mgmt   For   For
Elect Director Charles A. Spadafora   Mgmt   For   For
Elect Director Christine J. Toretti   Mgmt   For   For
Elect Director Charles G. Urtin   Mgmt   For   For

S&T Bancorp, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM supports an annual advisory vote on executive compensation.

Seaboard Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEB    23-Apr-12    USA    811543107    Annual    27-Feb-12

 

CUSIP: 811543107    ISIN: US8115431079    SEDOL: 2786687

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Bresky   Mgmt   For   Withhold
Policy Rationale: Items 1.1 - 1.5: TDAM generally recommends opposing Boards or specific nominees if possible, who previously authorized excessive compensation. In this case, the inclusion of excessive change in control or severance payments is a matter of concern, in particular, certain agreements contain guaranteed bonus and excessive severance provisions. In addition, support for the election of Steven J. Bresky is not warranted as TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director David A. Adamsen   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Douglas W. Baena   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Joseph E. Rodrigues   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Edward I. Shifman, Jr.   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Ratify Auditors   Mgmt   For   For
Animal Welfare   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Centene Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNC    24-Apr-12    USA    15135B101    Annual    24-Feb-12

 

CUSIP: 15135B101    ISIN: US15135B1017    SEDOL: 2807061

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert K. Ditmore   Mgmt   For   For
Elect Director Frederick H. Eppinger   Mgmt   For   For
Elect Director David L. Steward   Mgmt   For   For
Elect Director Orlando Ayala   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Dana Holding Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAN    24-Apr-12    USA    235825205    Annual    24-Feb-12

 

CUSIP: 235825205    ISIN: US2358252052    SEDOL: B2PFJR3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virginia A. Kamsky   Mgmt   For   For
Elect Director Terrence J. Keating   Mgmt   For   For
Elect Director Joseph C. Muscari   Mgmt   For   For
Elect Director Steven B. Schwarzwaelder   Mgmt   For   For
Elect Director Richard F. Wallman   Mgmt   For   For
Elect Director Keith E. Wandell   Mgmt   For   For
Elect Director Roger J. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

International Business Machines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBM    24-Apr-12    USA    459200101    Annual    24-Feb-12

 

CUSIP: 459200101    ISIN: US4592001014    SEDOL: 2005973

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alain J.P. Belda   Mgmt   For   For
Elect Director William R. Brody   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director David N. Farr   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director James W. Owens   Mgmt   For   For
Elect Director Samuel J. Palmisano   Mgmt   For   For
Elect Director Virginia M. Rometty   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Sidney Taurel   Mgmt   For   For
Elect Director Lorenzo H. Zambrano   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Newmont Mining Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEM    24-Apr-12    USA    651639106    Annual    24-Feb-12

 

CUSIP: 651639106    ISIN: US6516391066    SEDOL: 2636607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce R. Brook   Mgmt   For   For
Elect Director Vincent A. Calarco   Mgmt   For   For
Elect Director Joseph A. Carrabba   Mgmt   For   For
Elect Director Noreen Doyle   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Michael S. Hamson   Mgmt   For   For
Elect Director Jane Nelson   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director John B. Prescott   Mgmt   For   For
Elect Director Donald C. Roth   Mgmt   For   For
Elect Director Simon R. Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Rollins, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROL    24-Apr-12    USA    775711104    Annual    02-Mar-12

 

CUSIP: 775711104    ISIN: US7757111049    SEDOL: 2747305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary W. Rollins   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Elect Director Henry B. Tippie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

RPC, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RES    24-Apr-12    USA    749660106    Annual    02-Mar-12

 

CUSIP: 749660106    ISIN: US7496601060    SEDOL: 2719456

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard A. Hubbell   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Linda H. Graham   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Bill J. Dismuke   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Wells Fargo & Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WFC    24-Apr-12    USA    949746101    Annual    24-Feb-12

 

CUSIP: 949746101    ISIN: US9497461015    SEDOL: 2649100

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Baker, II   Mgmt   For   For
Elect Director Elaine L. Chao   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Lloyd H. Dean   Mgmt   For   For
Elect Director Susan E. Engel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Cynthia H. Milligan   Mgmt   For   For
Elect Director Nicholas G. Moore   Mgmt   For   For
Elect Director Federico F. Pena   Mgmt   For   For
Elect Director Philip J. Quigley   Mgmt   For   For
Elect Director Judith M. Runstad   Mgmt   For   For

Wells Fargo & Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Susan G. Swenson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM generally opposes this item.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Anheuser-Busch InBev SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABI    25-Apr-12    Belgium    B6399C107    Annual/Special    11-Apr-12

 

CUSIP: B6399C107    ISIN: BE0003793107    SEDOL: 4755317

 

  Proponent   Mgmt Rec   Vote Instruction
Annual and Special Meeting   Mgmt    
Special Meeting   Mgmt    
Receive Special Board Report   Mgmt    
Receive Special Auditor Report   Mgmt    
Eliminate Preemptive Rights Re: Issuance of Warrants   Mgmt   For   Against
Policy Rationale: Items A1c, A1d, A1e and A1g: TDAM opposes these items because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices and this practice may compromise non-executive directors’ independence.

Anheuser-Busch InBev SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of 215,000 Warrants   Mgmt   For   Against
Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Re: Issuance of Warrants as Proposed under Item A1d   Mgmt   For   Against
Approve Deviation from Belgian Company Law Provision Re: Grant of Warrants to Non-Executive Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices which is not in shareholders’ best interests.
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   Against
Annual Meeting   Mgmt    
Receive Directors’ Reports (Non-Voting)   Mgmt    
Receive Auditors’ Reports (Non-Voting)   Mgmt    
Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)   Mgmt    
Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Approve Discharge of Auditors   Mgmt   For   For
Receive Information on Resignation of Peter Harf as Director   Mgmt    
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: Items B8a and B8b: TDAM opposes these items because shares under the annual incentive bonus may be granted at a 10-percent discount.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant.
Approve Change-of-Control Clause Re : Updated EMTN Program   Mgmt   For   For
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   For

Axa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CS    25-Apr-12    France    F06106102    Annual/Special    20-Apr-12

 

CUSIP: F06106102    ISIN: FR0000120628    SEDOL: 7088429

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.69 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Reelect Francois Martineau as Director   Mgmt   For   For
Elect Stefan Lippe as Director   Mgmt   For   For
Elect Doina Palici Chehab as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Fewzia Allaouat as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 8 - 14: Given the overall level of board independence (60 percent) and the disclosed information on the selection process and employee shareholders’ vote results, the election of Doina Palici-Chehab under Item 7 warrants support. Consequently, a vote against these items are warranted.
Elect Olivier Dot Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Herbert Fuchs Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Denis Gouyou Beauchamps Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Thierry Jousset Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Rodney Koch Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Emmanuel Rame Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Renew Appointment of PricewaterhouseCoopers Audit as Auditor   Mgmt   For   For
Ratify Yves Nicoles as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Article 21 of Bylaws Re: Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM opposes Item 21 because of its potentially detrimental consequences in terms of the procedures for related-party transactions.
Amend Article 23 of Bylaws Re: Electronic Signature   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

E. I. du Pont de Nemours and Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DD    25-Apr-12    USA    263534109    Annual    29-Feb-12

 

CUSIP: 263534109    ISIN: US2635341090    SEDOL: 2018175

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Richard H. Brown   Mgmt   For   For
Elect Director Robert A. Brown   Mgmt   For   For
Elect Director Bertrand P. Collomb   Mgmt   For   For
Elect Director Curtis J. Crawford   Mgmt   For   For
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Eleuthere I. Du Pont   Mgmt   For   For
Elect Director Marillyn A. Hewson   Mgmt   For   For
Elect Director Lois D. Juliber   Mgmt   For   For
Elect Director Ellen J. Kullman   Mgmt   For   For
Elect Director Lee M. Thomas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM opposes this proposal as the company has a nomination committee composed entirely of independent directors.

E. I. du Pont de Nemours and Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Pay Disparity   SH   Against   Against
Policy Rationale: TDAM support for this item is not merited as the company already provides a Management Say on Pay (MSOP) proposal for shareholders to provide input on the company’s executive compensation practices. Additionally, it is unclear that the requested analysis evaluating and justifying differences in compensation between senior executives and non-executives, as well as other elements of this proposal, would produce meaningful information on the company’s compensation policies and practices.

Eaton Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ETN    25-Apr-12    USA    278058102    Annual    27-Feb-12

 

CUSIP: 278058102    ISIN: US2780581029    SEDOL: 2300883

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Arthur E. Johnson   Mgmt   For   For
Elect Director Deborah L. McCoy   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

General Electric Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GE    25-Apr-12    USA    369604103    Annual    27-Feb-12

 

CUSIP: 369604103    ISIN: US3696041033    SEDOL: 2380498

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Ann M. Fudge   Mgmt   For   For
Elect Director Susan Hockfield   Mgmt   For   For

General Electric Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey R. Immelt   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Alan G. Lafley   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Ralph S. Larsen   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Robert J. Swieringa   Mgmt   For   For
Elect Director James S. Tisch   Mgmt   For   For
Elect Director Douglas A. Warner, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Material Terms of Senior Officer Performance Goals   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Nuclear Activities   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and has a corporate governance and/or a nomination committee composed entirely of independent directors.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM supports this proposal because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

Signature Bank

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBNY    25-Apr-12    USA    82669G104    Annual    27-Feb-12

 

CUSIP: 82669G104    ISIN: US82669G1040    SEDOL: B00JQL9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kathryn A. Byrne   Mgmt   For   For
Elect Director Alfonse M. D’Amato   Mgmt   For   For
Elect Director Jeffrey W. Meshel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Teledyne Technologies Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TDY    25-Apr-12    USA    879360105    Annual    01-Mar-12

 

CUSIP: 879360105    ISIN: US8793601050    SEDOL: 2503477

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Simon M. Lorne   Mgmt   For   For
Elect Director Paul D. Miller   Mgmt   For   For
Elect Director Wesley W. von Schack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Coca-Cola Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KO    25-Apr-12    USA    191216100    Annual    27-Feb-12

 

CUSIP: 191216100    ISIN: US1912161007    SEDOL: 2206657

The Coca-Cola Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert A. Allen   Mgmt   For   For
Elect Director Ronald W. Allen   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Richard M. Daley   Mgmt   For   For
Elect Director Barry Diller   Mgmt   For   For
Elect Director Evan G. Greenberg   Mgmt   For   For
Elect Director Alexis M. Herman   Mgmt   For   For
Elect Director Muhtar Kent   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Robert A. Kotick   Mgmt   For   For
Elect Director Maria Elena Lagomasino   Mgmt   For   For
Elect Director Donald F. McHenry   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director James D. Robinson, III   Mgmt   For   For
Elect Director Peter V. Ueberroth   Mgmt   For   For
Elect Director Jacob Wallenberg   Mgmt   For   For
Elect Director James B. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

1st Source Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRCE    26-Apr-12    USA    336901103    Annual    17-Feb-12

 

CUSIP: 336901103    ISIN: US3369011032    SEDOL: 2341848

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tracy D. Graham   Mgmt   For   For
Elect Director Allison N. Egidi   Mgmt   For   For
Elect Director Craig A. Kapson   Mgmt   For   For

1st Source Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John T. Phair   Mgmt   For   For
Elect Director Mark D. Schwabero   Mgmt   For   For

AstraZeneca plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AZN    26-Apr-12    United Kingdom    G0593M107    Annual    24-Apr-12

 

CUSIP: G0593M107    ISIN: GB0009895292    SEDOL: 0989529

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Confirm First Interim Dividend; Confirm as Final Dividend the Second Interim Dividend   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Louis Schweitzer as Director   Mgmt   For   For
Re-elect David Brennan as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Elect Genevieve Berger as Director   Mgmt   For   For
Re-elect Bruce Burlington as Director   Mgmt   For   For
Elect Graham Chipchase as Director   Mgmt   For   For
Re-elect Jean-Philippe Courtois as Director   Mgmt   For   For
Elect Leif Johansson as Director   Mgmt   For   For
Re-elect Rudy Markham as Director   Mgmt   For   For
Re-elect Nancy Rothwell as Director   Mgmt   For   For
Re-elect Shriti Vadera as Director   Mgmt   For   For
Re-elect John Varley as Director   Mgmt   For   For
Re-elect Marcus Wallenberg as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

AstraZeneca plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve 2012 Savings-Related Share Option Scheme   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Boston Private Financial Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BPFH    26-Apr-12    USA    101119105    Annual    02-Mar-12

 

CUSIP: 101119105    ISIN: US1011191053    SEDOL: 2081133

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert S. Alexander   Mgmt   For   For
Elect Director Lynn Thompson Hoffman   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At last year’s annual meeting, a shareholder proposal received support from 72.4 percent of votes cast, representing a majority of the company s shares outstanding. However, in this year’s proposal to declassify the board (see Item 3), management has refrained from recommending in favor of the proposal. A management proposal with other than a FOR recommendation by management is not considered to be sufficient action taken. Therefore, the board has failed to act on this proposal. Accordingly, TDAM would normally oppose the elections of Lynn Thompson Hoffman, Eugene S. Colangelo, William J. Shea, and Stephen M. Waters. However, given the classified nature of the board, Hoffman is the only member of the nominating and governance committee proposed for election this year.
Elect Director John Morton, III   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   None   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

British American Tobacco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BATS    26-Apr-12    United Kingdom    G1510J102    Annual    24-Apr-12

 

CUSIP: G1510J102    ISIN: GB0002875804    SEDOL: 0287580

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Richard Burrows as Director   Mgmt   For   For
Re-elect John Daly as Director   Mgmt   For   For
Re-elect Karen de Segundo as Director   Mgmt   For   For
Re-elect Nicandro Durante as Director   Mgmt   For   For
Re-elect Robert Lerwill as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Gerry Murphy as Director   Mgmt   For   For
Re-elect Kieran Poynter as Director   Mgmt   For   For
Re-elect Anthony Ruys as Director   Mgmt   For   For
Re-elect Sir Nicholas Scheele as Director   Mgmt   For   For
Re-elect Ben Stevens as Director   Mgmt   For   For
Elect Ann Godbehere as Director   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

CenterPoint Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNP    26-Apr-12    USA    15189T107    Annual    27-Feb-12

 

CUSIP: 15189T107    ISIN: US15189T1079    SEDOL: 2440637

CenterPoint Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Campbell   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   For
Elect Director O. Holcombe Crosswell   Mgmt   For   For
Elect Director Michael P. Johnson   Mgmt   For   For
Elect Director Janiece M. Longoria   Mgmt   For   For
Elect Director David M. McClanahan   Mgmt   For   For
Elect Director Susan O. Rheney   Mgmt   For   For
Elect Director R. A. Walker   Mgmt   For   For
Elect Director Peter S. Wareing   Mgmt   For   For
Elect Director Sherman M. Wolff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Corning Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLW    26-Apr-12    USA    219350105    Annual    23-Feb-12

 

CUSIP: 219350105    ISIN: US2193501051    SEDOL: 2224701

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John Seely Brown   Mgmt   For   For
Elect Director Stephanie A. Burns   Mgmt   For   For
Elect Director John A. Canning, Jr.   Mgmt   For   For
Elect Director Richard T. Clark   Mgmt   For   For
Elect Director James B. Flaws   Mgmt   For   For
Elect Director Gordon Gund   Mgmt   For   For
Elect Director Kurt M. Landgraf   Mgmt   For   For
Elect Director Deborah D. Rieman   Mgmt   For   For
Elect Director H. Onno Ruding   Mgmt   For   For
Elect Director Mark S. Wrighton   Mgmt   For   For

Corning Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.

Danone

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BN    26-Apr-12    France    F12033134    Annual/Special    20-Apr-12

 

CUSIP: F12033134    ISIN: FR0000120644    SEDOL: B1Y9TB3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.39 per Share   Mgmt   For   For
Reelect Richard Goblet D Alviella as Director   Mgmt   For   For
Reelect Jean Laurent as Director   Mgmt   For   For
Reelect Benoit Potier as Director   Mgmt   For   For
Elect Jacques Antoine Granjon as Director   Mgmt   For   For
Elect Mouna Sepehri as Director   Mgmt   For   For
Elect Virginia Stallings as Director   Mgmt   For   For
Approve Auditors’ Special Report Regarding New Related-Party Transaction   Mgmt   For   For
Approve Transactions with J.P. Morgan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because one new transaction deals with consulting services provided by J.P. Morgan Limited, whereas a non-executive director of the company, Isabelle Seillier, is an executive within J.P. Morgan Group. In addition, another transaction deals with a syndicated facility agreement granted notably by J.P. Morgan Group as first rank bank, which, considering Isabelle Seillier’s position at J.P. Morgan Group, creates a situation of potential conflicts of interests within the board.

Danone

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 0.4 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

DCT Industrial Trust Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DCT    26-Apr-12    USA    233153105    Annual    06-Mar-12

 

CUSIP: 233153105    ISIN: US2331531051    SEDOL: B1L5PD8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Wattles   Mgmt   For   For
Elect Director Philip L. Hawkins   Mgmt   For   For
Elect Director Marilyn A. Alexander   Mgmt   For   For
Elect Director Thomas F. August   Mgmt   For   For
Elect Director John S. Gates, Jr.   Mgmt   For   For
Elect Director Raymond B. Greer   Mgmt   For   For
Elect Director Tripp H. Hardin   Mgmt   For   For
Elect Director John C. O’keeffe   Mgmt   For   For
Elect Director Bruce L. Warwick   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

eBay Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EBAY    26-Apr-12    USA    278642103    Annual    08-Mar-12

 

CUSIP: 278642103    ISIN: US2786421030    SEDOL: 2293819

eBay Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director William C. Ford, Jr.   Mgmt   For   For
Elect Director Dawn G. Lepore   Mgmt   For   For
Elect Director Kathleen C. Mitic   Mgmt   For   For
Elect Director Pierre M. Omidyar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasonsing, proposal increases shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

HCP, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HCP    26-Apr-12    USA    40414L109    Annual    02-Mar-12

 

CUSIP: 40414L109    ISIN: US40414L1098    SEDOL: 2417578

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James F. Flaherty, III   Mgmt   For   For
Elect Director Christine N. Garvey   Mgmt   For   For
Elect Director David B. Henry   Mgmt   For   For
Elect Director Lauralee E. Martin   Mgmt   For   For
Elect Director Michael D. McKee   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Kenneth B. Roath   Mgmt   For   For
Elect Director Joseph P. Sullivan   Mgmt   For   For

HCP, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Humana Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HUM    26-Apr-12    USA    444859102    Annual    27-Feb-12

 

CUSIP: 444859102    ISIN: US4448591028    SEDOL: 2445063

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. D’Amelio   Mgmt   For   For
Elect Director W. Roy Dunbar   Mgmt   For   For
Elect Director Kurt J. Hilzinger   Mgmt   For   For
Elect Director David A. Jones, Jr.   Mgmt   For   For
Elect Director Michael B. McCallister   Mgmt   For   For
Elect Director William J. McDonald   Mgmt   For   For
Elect Director William E. Mitchell   Mgmt   For   For
Elect Director David B. Nash   Mgmt   For   For
Elect Director James J. O’Brien   Mgmt   For   For
Elect Director Marissa T. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Johnson & Johnson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JNJ    26-Apr-12    USA    478160104    Annual    28-Feb-12

 

CUSIP: 478160104    ISIN: US4781601046    SEDOL: 2475833

Johnson & Johnson

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Sue Coleman   Mgmt   For   For
Elect Director James G. Cullen   Mgmt   For   For
Elect Director Ian E.l. Davis   Mgmt   For   For
Elect Director Alex Gorsky   Mgmt   For   For
Elect Director Michael M.e. Johns   Mgmt   For   For
Elect Director Susan L. Lindquist   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Leo F. Mullin   Mgmt   For   For
Elect Director William D. Perez   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director David Satcher   Mgmt   For   For
Elect Director William C. Weldon   Mgmt   For   For
Elect Director Ronald A. Williams   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against

 

Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Require Shareholder Vote to Approve Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Animal-Free Training Methods   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Koninklijke Philips Electronics

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    26-Apr-12    Netherlands    N6817P109    Annual    29-Mar-12

 

CUSIP: N6817P109    ISIN: NL0000009538    SEDOL: 5986622

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
President’s Speech   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Approve Dividends of EUR 0.75 Per Share   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect E. Kist to Supervisory Board   Mgmt   For   For
Elect N. Dhawan to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Board to Exclude Preemptive Rights from Issuance under Item 4a   Mgmt   For   For
Approve Reduction in Share Capital by Cancellation of Shares   Mgmt   For   For
Authorize Repurchase of Shares   Mgmt   For   For
Other Business (Non-Voting)   Mgmt    

Lexicon Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LXRX    26-Apr-12    USA    528872104    Annual    29-Feb-12

 

CUSIP: 528872104    ISIN: US5288721047    SEDOL: 2576930

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur T. Sands   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Philippe J. Amouyal   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Lexicon Pharmaceuticals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank P. Palantoni   Mgmt   For   For
Amend Certificate of Incorporation to Increase the Board Size and Allowing for an Increase Above Thirteen Directors as Necessary   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   Against

 

Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business. Moreover, performance criteria have not been disclosed, TDAM normally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Pfizer Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PFE    26-Apr-12    USA    717081103    Annual    28-Feb-12

 

CUSIP: 717081103    ISIN: US7170811035    SEDOL: 2684703

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis A. Ausiello   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 51.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 20 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of Ausiello, Hobbs, Burns, Gray, Horner, Mascotte, and Sanger, who serve on the Corporate Governance committee of the board.
Elect Director M. Anthony Burns   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Pfizer Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director Frances D. Fergusson   Mgmt   For   For
Elect Director William H. Gray, III   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Helen H. Hobbs   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Constance J. Horner   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director James M. Kilts   Mgmt   For   For
Elect Director George A. Lorch   Mgmt   For   For
Elect Director John P. Mascotte   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ian C. Read   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc Tessier-Lavigne   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Publish Political Contributions   SH   Against   Against
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Non-Employee Director Compensation   SH   Against   Against

Polaris Industries Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PII    26-Apr-12    USA    731068102    Annual    29-Feb-12

 

CUSIP: 731068102    ISIN: US7310681025    SEDOL: 2692933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Annette K. Clayton   Mgmt   For   For
Elect Director Gregory R. Palen   Mgmt   For   For
Elect Director John P. Wiehoff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

SVB Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIVB    26-Apr-12    USA    78486Q101    Annual    28-Feb-12

 

CUSIP: 78486Q101    ISIN: US78486Q1013    SEDOL: 2808053

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Greg W. Becker   Mgmt   For   For
Elect Director Eric A. Benhamou   Mgmt   For   For
Elect Director David M. Clapper   Mgmt   For   For
Elect Director Roger F. Dunbar   Mgmt   For   For
Elect Director Joel P. Friedman   Mgmt   For   For
Elect Director C. Richard Kramlich   Mgmt   For   For
Elect Director Lata Krishnan   Mgmt   For   For
Elect Director Jeffrey N. Maggioncalda   Mgmt   For   For
Elect Director Kate D. Mitchell   Mgmt   For   For
Elect Director John F. Robinson   Mgmt   For   For
Elect Director Garen K. Staglin   Mgmt   For   For
Elect Director Kyung H. Yoon   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

SVB Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

TIBCO Software Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TIBX    26-Apr-12    USA    88632Q103    Annual    27-Feb-12

 

CUSIP: 88632Q103    ISIN: US88632Q1031    SEDOL: 2437747

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vivek Y. Ranadive   Mgmt   For   For
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Eric C.W. Dunn   Mgmt   For   For
Elect Director Narendra K. Gupta   Mgmt   For   For
Elect Director Peter J. Job   Mgmt   For   For
Elect Director Philip K. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

TreeHouse Foods, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
THS    26-Apr-12    USA    89469A104    Annual    05-Mar-12

 

CUSIP: 89469A104    ISIN: US89469A1043    SEDOL: B095X84

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank J. O’Connell   Mgmt   For   For
Elect Director Terdema L. Ussery, II   Mgmt   For   For

TreeHouse Foods, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Vermylen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Westamerica Bancorporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WABC    26-Apr-12    USA    957090103    Annual    27-Feb-12

 

CUSIP: 957090103    ISIN: US9570901036    SEDOL: 2950374

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Etta Allen   Mgmt   For   For
Elect Director Louis E. Bartolini   Mgmt   For   For
Elect Director E. Joseph Bowler   Mgmt   For   For
Elect Director Arthur C. Latno, Jr.   Mgmt   For   For
Elect Director Patrick D. Lynch   Mgmt   For   For
Elect Director Catherine Cope MacMillan   Mgmt   For   For
Elect Director Ronald A. Nelson   Mgmt   For   For
Elect Director David L. Payne   Mgmt   For   For
Elect Director Edward B. Sylvester   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Abbott Laboratories

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABT    27-Apr-12    USA    002824100    Annual    29-Feb-12

 

CUSIP: 002824100    ISIN: US0028241000    SEDOL: 2002305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Alpern   Mgmt   For   For
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Sally E. Blount   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Edward M. Liddy   Mgmt   For   For
Elect Director Nancy McKinstry   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director Glenn F. Tilton   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted as the company has in place a corporate governance and/or nomination committee composed entirely of independent directors.
Adopt Anti Gross-up Policy   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. However, the use of gross-ups should still be monitored going forward.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Abbott Laboratories

 

  Proponent   Mgmt Rec   Vote Instruction
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Cease Compliance Adjustments to Performance Criteria   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Pro-rata Vesting of Equity Plans   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

American Capital, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACAS    27-Apr-12    USA    02503Y103    Annual    01-Mar-12

 

CUSIP: 02503Y103    ISIN: US02503Y1038    SEDOL: 2101990

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary C. Baskin   Mgmt   For   For
Elect Director Neil M. Hahl   Mgmt   For   For
Elect Director Philip R. Harper   Mgmt   For   For
Elect Director John A. Koskinen   Mgmt   For   For
Elect Director Stan Lundine   Mgmt   For   For
Elect Director Kenneth D. Peterson, Jr.   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Amend Securities Transfer Restrictions   Mgmt   For   For
Policy Rationale: TDAM’s policy is applied to the fullest extent possible taking into account best practices, regulations and customs in the jurisdiction. As such, support is merited for this item as the potential value of the company’s estimated NOLs is significant and the proposed transfer restrictions will serve to protect these NOLs. Furthermore, the company does not have a history of poor governance or response to shareholders’ concerns.
Ratify Auditors   Mgmt   For   For

AT&T Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
T    27-Apr-12    USA    00206R102    Annual    28-Feb-12

 

CUSIP: 00206R102    ISIN: US00206R1023    SEDOL: 2831811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall L. Stephenson   Mgmt   For   For
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Reuben V. Anderson   Mgmt   For   For
Elect DirectorJames H. Blanchard   Mgmt   For   For
Elect DirectorJaime Chico Pardo   Mgmt   For   For
Elect Director James P. Kelly   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director John B. McCoy   Mgmt   For   For
Elect Director Joyce M. Roche   Mgmt   For   For
Elect Director Matthew K. Rose   Mgmt   For   For
Elect Director Laura D’Andrea Tyson   Mgmt   For   For
Ratification Of Appointment Of Independent Auditors.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Barclays plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BARC    27-Apr-12    United Kingdom    G08036124    Annual    25-Apr-12

 

CUSIP: G08036124    ISIN: GB0031348658    SEDOL: 3134865

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Marcus Agius as Director   Mgmt   For   For
Re-elect David Booth as Director   Mgmt   For   For
Re-elect Alison Carnwath as Director   Mgmt   For   For
Re-elect Fulvio Conti as Director   Mgmt   For   For
Re-elect Bob Diamond as Director   Mgmt   For   For
Re-elect Simon Fraser as Director   Mgmt   For   For
Re-elect Reuben Jeffery III as Director   Mgmt   For   For
Re-elect Sir Andrew Likierman as Director   Mgmt   For   For
Re-elect Chris Lucas as Director   Mgmt   For   For
Re-elect Dambisa Moyo as Director   Mgmt   For   For
Re-elect Sir Michael Rake as Director   Mgmt   For   For
Re-elect Sir John Sunderland as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BASF SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAS    27-Apr-12    Germany    D06216317    Annual   

 

CUSIP: D06216101    ISIN: DE000BASF111    SEDOL: 5086577

BASF SE

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Amend Articles Re: Electronic and Postal Voting at AGM   Mgmt   For   For

Bayer AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAYN    27-Apr-12    Germany    D0712D163    Annual   

 

CUSIP: D0712D163    ISIN: DE000BAY0017    SEDOL: 5069211

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 1.65 per Share for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Manfred Schneider to the Supervisory Board (Term End: Sept. 30, 2012)   Mgmt   For   For
Elect Werner Wenning to the Supervisory Board (Term Begin: Oct. 1, 2012)   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Clemens Boersig to the Supervisory Board   Mgmt   For   For
Elect Thomas Ebeling to the Supervisory Board   Mgmt   For   For
Elect Klaus Kleinfeld to the Supervisory Board   Mgmt   For   For
Elect Helmut Panke to the Supervisory Board   Mgmt   For   For
Elect Sue Rataj to the Supervisory Board   Mgmt   For   For

Bayer AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Ekkehard Schulz to the Supervisory Board   Mgmt   For   For
Elect Klaus Sturany to the Supervisory Board   Mgmt   For   For
Elect Ernst-Ludwig Winnacker to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Amend Articles Re: Remuneration of Supervisory Board   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors for Fiscal 2012   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    27-Apr-12    USA    911363109    Special    22-Mar-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Issue Shares in Connection with Acquisition   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.

American Express Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXP    30-Apr-12    USA    025816109    Annual    01-Mar-12

 

CUSIP: 025816109    ISIN: US0258161092    SEDOL: 2026082

American Express Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Barshefsky   Mgmt   For   For
Elect Director U.M. Burns   Mgmt   For   For
Elect Director K.I. Chenault   Mgmt   For   For
Elect Director P. Chernin   Mgmt   For   For
Elect Director T.J. Leonsis   Mgmt   For   For
Elect Director J. Leschly   Mgmt   For   For
Elect Director R.C. Levin   Mgmt   For   For
Elect Director R.A. McGinn   Mgmt   For   For
Elect Director E.D. Miller   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.D. Walter   Mgmt   For   For
Director R.A. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
     
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

ENEL SpA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENEL    30-Apr-12    Italy    T3679P115    Annual/Special    19-Apr-12

 

CUSIP: T3679P115    ISIN: IT0003128367    SEDOL: 7144569

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

ENEL SpA

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance payments to the chairman and to the CEO/director general are in excess of 24 months’ pay.
Extraordinary Business   Mgmt    
Amend Articles Re: Articles 14 and 25 (Board-Related)   Mgmt   For   For

Eni Spa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENI    30-Apr-12    Italy    T3643A145    Annual/Special    19-Apr-12

 

CUSIP: T3643A145    ISIN: IT0003132476    SEDOL: 7145056

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Articles 17 and 28; Add New Article 34 (Board- Related)   Mgmt   For   For

Motorola Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSI    30-Apr-12    USA    620076307    Annual    02-Mar-12

 

CUSIP: 620076307    ISIN: US6200763075    SEDOL: B5BKPQ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory Q. Brown   Mgmt   For   For
Elect Director William J. Bratton   Mgmt   For   For

Motorola Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth C. Dahlberg   Mgmt   For   For
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder resolution asking the board to amend the company’s bylaws to give holders of 10 percent of the company’s outstanding common stock the power to call a special meeting received support from 79.6 percent of votes cast at the 2009 AGM. In response to the voting support at the 2009 annual meeting, the board amended the company’s bylaws to provide shareholders with the ability to call a special meeting if they own 20 percent or more of outstanding shares, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, Michael V. Hayden, and Judy C. Lewent, who serve on the Governance and Nominating committee.
Elect Director Michael V. Hayden   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Judy C. Lewent   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director John A. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Encourage Suppliers to Produce Sustainability Reports   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, a vote against this shareholder proposal is warranted.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Noting that the company has policies and practices in place to encourage executive focus on long- term company performance, this proposal provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

American Capital Agency Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGNC    01-May-12    USA    02503X105    Annual    09-Mar-12

 

CUSIP: 02503X105    ISIN: US02503X1054    SEDOL: B2R8TC5

American Capital Agency Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Couch   Mgmt   For   For
Elect Director Morris A. Davis   Mgmt   For   For
Elect Director Randy E. Dobbs   Mgmt   For   For
Elect Director Larry K. Harvey   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Elect Director Samuel A. Flax   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.
Ratify Auditors   Mgmt   For   For

Bristol-Myers Squibb Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMY    01-May-12    USA    110122108    Annual    09-Mar-12

 

CUSIP: 110122108    ISIN: US1101221083    SEDOL: 2126335

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Lewis B. Campbell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to provide holders of 10% of outstanding stock the right to call special meetings received support from 54.7 percent of votes cast at the 2009 AGM. Upon the recommendation of the Committee on Directors and Corporate Governance, which is the Nominating Committee, a proposal to permit stockholders holding at least 25% of outstanding voting stock to call special meetings of stockholders was presented at the 2010 AGM. Given the continued inaction, a vote against the members of the governance committee, Louis J. Freeh, Lewis B. Campbell, Laurie H. Glimcher, Alan J. Lacy, Togo D. West, Jr., R. Sanders Williams, is warranted.
Elect Director James M. Cornelius   Mgmt   For   For
Elect Director Louis J. Freeh   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Bristol-Myers Squibb Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Laurie H. Glimcher   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Michael Grobstein   Mgmt   For   For
Elect Director Alan J. Lacy   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vicki L. Sato   Mgmt   For   For
Elect Director Elliott Sigal   Mgmt   For   For
Elect Director Gerald L. Storch   Mgmt   For   For
Elect Director Togo D. West, Jr.   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director R. Sanders Williams   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

GAMCO Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBL    01-May-12    USA    361438104    Annual    26-Mar-12

 

CUSIP: 361438104    ISIN: US3614381040    SEDOL: 2386827

GAMCO Investors, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edwin L. Artzt   Mgmt   For   For
Elect Director Raymond C. Avansino , Jr.   Mgmt   For   For
Elect Director Richard L. Bready   Mgmt   For   For
Elect Director Mario J. Gabelli   Mgmt   For   For
Elect Director Eugene R. McGrath   Mgmt   For   For
Elect Director Robert S. Prather, Jr.   Mgmt   For   For
Elect Director Elisa M. Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: As TDAM generally supports the principle of “one share, one vote”, a vote for this proposal is warranted.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Home Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HME    01-May-12    USA    437306103    Annual    05-Mar-12

 

CUSIP: 437306103    ISIN: US4373061039    SEDOL: 2414074

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen R. Blank   Mgmt   For   For
Elect Director Alan L. Gosule   Mgmt   For   For
Elect Director Leonard F. Helbig, III   Mgmt   For   For
Elect Director Charles J. Koch   Mgmt   For   For
Elect Director Thomas P. Lydon, Jr.   Mgmt   For   For
Elect Director Edward J. Pettinella   Mgmt   For   For
Elect Director Clifford W. Smith, Jr.   Mgmt   For   For
Elect Director Amy L. Tait   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Peabody Energy Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BTU    01-May-12    USA    704549104    Annual    12-Mar-12

 

CUSIP: 704549104    ISIN: US7045491047    SEDOL: 2753454

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory H. Boyce   Mgmt   For   For
Elect Director William A. Coley   Mgmt   For   For
Elect Director William E. James   Mgmt   For   For
Elect Director Robert B. Karn, III   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Henry E. Lentz   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director William C. Rusnack   Mgmt   For   For
Elect Director John F. Turner   Mgmt   For   For
Elect Director Sandra A. Van Trease   Mgmt   For   For
Elect Director Alan H. Washkowitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Select Medical Holdings Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEM    01-May-12    USA    81619Q105    Annual    05-Mar-12

 

CUSIP: 81619Q105    ISIN: US81619Q1058    SEDOL: B4MF0Q6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Rocco A. Ortenzio   Mgmt   For   For
Elect Director Thomas A. Scully   Mgmt   For   For

Select Medical Holdings Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Under Armour, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UA    01-May-12    USA    904311107    Annual    17-Feb-12

 

CUSIP: 904311107    ISIN: US9043111072    SEDOL: B0PZN11

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin A. Plank   Mgmt   For   For
Elect Director Byron K. Adams, Jr.   Mgmt   For   For
Elect Director Douglas E. Coltharp   Mgmt   For   For
Elect Director Anthony W. Deering   Mgmt   For   For
Elect Director A.B. Krongard   Mgmt   For   For
Elect Director William R. McDermott   Mgmt   For   For
Elect Director Harvey L. Sanders   Mgmt   For   For
Elect Director Thomas J. Sippel   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Xstrata plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTA    01-May-12    United Kingdom    G9826T102    Annual    29-Apr-12

 

CUSIP: G9826T102    ISIN: GB0031411001    SEDOL: 3141100

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Xstrata plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM does not support this item because contractual termination provisions have the potential to lead to payments well in excess of one year’s basic salary, given that pension payments (c. 190 percent of basic salary for the CEO for 2011) and bonus (maximum 300 percent of basic salary) are included within the calculation. In addition, this year’s remuneration report confirms that the CEO of Xstrata Zinc would receive a termination payment higher than what was previously disclosed. LTIP awards made to all three Executive Directors during 2011 and 2012 again exceeded the normal maximum limit under the plan. The exceptional circumstances justifying awards at this level have not been outlined in the remuneration report. The 2012 grant was made shortly after the announcement of the merger with Glencore. Completion of the deal will lead to full vesting of all outstanding awards regardless of whether or not the performance conditions have been satisfied. The LTIP continues to incorporate 50 percent vesting for threshold TSR performance.
Re-elect Sir John Bond as Director   Mgmt   For   For
Re-elect Mick Davis as Director   Mgmt   For   For
Re-elect Dr Con Fauconnier as Director   Mgmt   For   For
Re-elect Ivan Glasenberg as Director   Mgmt   For   For
Re-elect Peter Hooley as Director   Mgmt   For   For
Re-elect Claude Lamoureux as Director   Mgmt   For   For
Re-elect Aristotelis Mistakidis as Director   Mgmt   For   For
Re-elect Tor Peterson as Director   Mgmt   For   For
Re-elect Trevor Reid as Director   Mgmt   For   For
Re-elect Sir Steve Robson as Director   Mgmt   For   For
Re-elect David Rough as Director   Mgmt   For   For
Re-elect Ian Strachan as Director   Mgmt   For   For
Re-elect Santiago Zaldumbide as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Approve Reduction of Share Premium Account   Mgmt   For   For
Authorise the Company to Call an EGM with Not Less Than 20 Clear Days’ Notice   Mgmt   For   For

Brunswick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BC    02-May-12    USA    117043109    Annual    05-Mar-12

 

CUSIP: 117043109    ISIN: US1170431092    SEDOL: 2149309

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne E. Belec   Mgmt   For   For
Elect Director Manuel A. Fernandez   Mgmt   For   For
Elect Director J. Steven Whisler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DISH Network Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DISH    02-May-12    USA    25470M109    Annual    07-Mar-12

 

CUSIP: 25470M109    ISIN: US25470M1099    SEDOL: 2303581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph P. Clayton   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director James DeFranco   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Cantey M. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Charles W. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven R. Goodbarn   Mgmt   For   For
Elect Director Gary S. Howard   Mgmt   For   For
Elect Director David K. Moskowitz   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Tom A. Ortolf   Mgmt   For   For

DISH Network Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carl E. Vogel   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

General Dynamics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GD    02-May-12    USA    369550108    Annual    08-Mar-12

 

CUSIP: 369550108    ISIN: US3695501086    SEDOL: 2365161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary T. Barra   Mgmt   For   For
Elect Director Nicholas D. Chabraja   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director William P. Fricks   Mgmt   For   For
Elect Director Jay L. Johnson   Mgmt   For   For
Elect Director James L. Jones   Mgmt   For   For
Elect Director Paul G. Kaminski   Mgmt   For   For
Elect Director John M. Keane   Mgmt   For   For
Elect Director Lester L. Lyles   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Robert Walmsley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

General Dynamics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM will support this proposal given the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights, and the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Hatteras Financial Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HTS    02-May-12    USA    41902R103    Annual    14-Mar-12

 

CUSIP: 41902R103    ISIN: US41902R1032    SEDOL: B2R5SY1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Hough   Mgmt   For   For
Elect Director Benjamin M. Hough   Mgmt   For   For
Elect Director David W. Berson   Mgmt   For   For
Elect Director Ira G. Kawaller   Mgmt   For   For
Elect Director Jeffrey D. Miller   Mgmt   For   For
Elect Director Thomas D. Wren   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Molina Healthcare, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MOH    02-May-12    USA    60855R100    Annual    13-Mar-12

 

CUSIP: 60855R100    ISIN: US60855R1005    SEDOL: 2212706

Molina Healthcare, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Garrey E. Carruthers   Mgmt   For   For
Elect Director Frank E. Murray   Mgmt   For   For
Elect Director John P. Szabo, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rackspace Hosting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RAX    02-May-12    USA    750086100    Annual    09-Mar-12

 

CUSIP: 750086100    ISIN: US7500861007    SEDOL: 2591524

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. James Bishkin   Mgmt   For   For
Elect Director Fred Reichheld   Mgmt   For   For
Elect Director Mark P. Mellin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).

TriQuint Semiconductor, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TQNT    02-May-12    USA    89674K103    Annual    05-Mar-12

 

CUSIP: 89674K103    ISIN: US89674K1034    SEDOL: 2904393

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles Scott Gibson   Mgmt   For   For
Elect Director David H.Y. Ho   Mgmt   For   For
Elect Director Nicolas Kauser   Mgmt   For   For
Elect Director Ralph G. Quinsey   Mgmt   For   For

TriQuint Semiconductor, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Walden C. Rhines   Mgmt   For   For
Elect Director Steven J. Sharp   Mgmt   For   For
Elect Director Willis C. Young   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Woodside Petroleum Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WPL    02-May-12    Australia    980228100    Annual    30-Apr-12

 

CUSIP: 980228100    ISIN: AU000000WPL2    SEDOL: 6979728

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Melinda Cilento as a Director   Mgmt   For   For
Elect Robert Cole as a Director   Mgmt   For   For
Elect Erich Fraunschiel as a Director   Mgmt   For   For
Elect Christopher Haynes as a Director   Mgmt   For   For
Elect Pierre Jungels as a Director   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    03-May-12    USA    019344100    Annual    20-Mar-12

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

American Campus Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACC    03-May-12    USA    024835100    Annual    12-Mar-12

 

CUSIP: 024835100    ISIN: US0248351001    SEDOL: B02H871

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Bayless, Jr.   Mgmt   For   For
Elect Director R.D. Burck   Mgmt   For   For
Elect Director G. Steven Dawson   Mgmt   For   For
Elect Director Cydney C. Donnell   Mgmt   For   For
Elect Director Edward Lowenthal   Mgmt   For   For
Elect Director Winston W. Walker   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

E.ON AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EOAN    03-May-12    Germany    D24914133    Annual   

 

CUSIP: D24914133    ISIN: DE000ENAG999    SEDOL: 4942904

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 1.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PriceWaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Change of Corporate Form to Societas Europaea (SE)   Mgmt   For   For
Approve Creation of EUR 460 Million Pool of Capital with Partial Exclusion of Preemptive Rights   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR175 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Bruce Cooper. Did not hear from other portfolio managers by vote deadline, therefore voting in line with ISS reasoning which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Ericsson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    03-May-12    Sweden    W26049119    Annual    26-Apr-12

 

CUSIP: W26049119    ISIN: SE0000108656    SEDOL: 5959378

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report   Mgmt    
Receive President’s Report; Allow Questions   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 2.50 per Share   Mgmt   For   For
Determine Number of Members (12) and Deputy Members of Board (0)   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 3.75 Million to the Chairman and SEK 875,000 for Other Directors (Including Possibility to Receive Part of Remuneration in Phantom Shares); Approve Remuneration for Committee Work   Mgmt   For   For
Reelect L. Johansson, R. Austin, P. Bonfield, B. Ekholm, U. Johansson, S. Martin-Lof, N. McKinstry, A. Nyren, H. Vestberg, M. Volpi, and J. Wallenberg as Directors; Elect A. Izosimov as New Director   Mgmt   For   For
Policy Rationale: At this company, 58 percent of the shareholder-elected board members can be classified as independent.
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan for All Employees   Mgmt   For   For
Authorize Reissuance of 13.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for All Employees   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.2   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.2, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Authorize Reissuance of 10.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for Key Contributors   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.5   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.5, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Authorize Reissuance of 7.3 Million Repurchased Class B Shares for 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Approve Swap Agreement with Third Party as Alternative to Item 11.8   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.8, while lowering the majority requirement compared to the primary financing alternative.
Authorize Reissuance of up to 15.5 Million Repurchased Class B Shares to Cover Social Costs in Connection with 2008, 2009, 2010, and 2011 Long-Term Variable Compensation Plans   Mgmt   For   For
Shareholder Proposal from Einar Hellbom   Mgmt    
Instruct the Board to Investigate How All Shares Are to be Given the Same Voting Power and To Present Such a Proposal at the Next Annual General Meeting   SH   None   For
Policy Rationale: TDAM believes all shareholders should be treated equally and all shares should have equal voting rights based upon the principle of “one share, one vote”. Accordingly, support for this item is warranted, since this resolution concerns a plan of providing all shares with equal voting rights, which would bring shareholder voting rights in line with their equity capital commitment.
Close Meeting   Mgmt    

GlaxoSmithKline plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSK    03-May-12    United Kingdom    G3910J112    Annual    01-May-12

 

CUSIP: G3910J112    ISIN: GB0009252882    SEDOL: 0925288

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Sir Christopher Gent as Director   Mgmt   For   For
Re-elect Sir Andrew Witty as Director   Mgmt   For   For
Re-elect Sir Roy Anderson as Director   Mgmt   For   For
Re-elect Dr Stephanie Burns as Director   Mgmt   For   For

GlaxoSmithKline plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Stacey Cartwright as Director   Mgmt   For   For
Re-elect Larry Culp as Director   Mgmt   For   For
Re-elect Sir Crispin Davis as Director   Mgmt   For   For
Re-elect Simon Dingemans as Director   Mgmt   For   For
Re-elect Judy Lewent as Director   Mgmt   For   For
Re-elect Sir Deryck Maughan as Director   Mgmt   For   For
Re-elect Dr Daniel Podolsky as Director   Mgmt   For   For
Re-elect Dr Moncef Slaoui as Director   Mgmt   For   For
Re-elect Tom de Swaan as Director   Mgmt   For   For
Re-elect Sir Robert Wilson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit & Risk Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Approve 2012 ShareSave Plan   Mgmt   For   For
Approve 2012 ShareReward Plan   Mgmt   For   For

H & M Hennes & Mauritz

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMB    03-May-12    Sweden    W41422101    Annual    26-Apr-12

 

CUSIP: W41422101    ISIN: SE0000106270    SEDOL: 5687431

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    

H & M Hennes & Mauritz

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Receive President’s Report; Allow Questions   Mgmt    
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive Auditor’s Report on Application of Guidelines for Remuneration for Executive Management   Mgmt    
Receive Auditor’s and Auditing Committee’s Reports   Mgmt    
Receive Chairman’s Report About Board Work   Mgmt    
Receive Report of the Chairman of the Nominating Committee   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 9.50 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (8) and Deputy Members (0) of Board   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 1.35 Million to Chairman and SEK 475,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Reelect Mia Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson (Chairman), Melker Schorling, and Christian Sievert as Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes slates of directors when the majority of the board is not independent.
Elect Chairman of the Board and Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of Nominating Committee   Mgmt   For   Against
Policy Rationale: TDAM opposes the appointment of a nominating committee due to the chairman of the board also serving as chairman of the current nominating committee, with no evidence that this would cease to be the case following this election.
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Close Meeting   Mgmt    

HealthSouth Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HLS    03-May-12    USA    421924309    Annual    07-Mar-12

 

CUSIP: 421924309    ISIN: US4219243098    SEDOL: B1G9B93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Chidsey   Mgmt   For   For
Elect Director Donald L. Correll   Mgmt   For   For
Elect Director Yvonne M. Curl   Mgmt   For   For
Elect Director Charles M. Elson   Mgmt   For   For
Elect Director Jay Grinney   Mgmt   For   For
Elect Director Jon F. Hanson   Mgmt   For   For
Elect Director Leo I. Higdon, Jr.   Mgmt   For   For
Elect Director John E. Maupin, Jr.   Mgmt   For   For
Elect Director L. Edward Shaw, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Invesco Mortgage Capital Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVR    03-May-12    USA    46131B100    Annual    05-Mar-12

 

CUSIP: 46131B100    ISIN: US46131B1008    SEDOL: B5ZW0F0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director G. Mark Armour   Mgmt   For   For
Elect Director James S. Balloun   Mgmt   For   For
Elect Director John S. Day   Mgmt   For   For
Elect Director Karen Dunn Kelley   Mgmt   For   For
Elect Director James R. Lientz, Jr.   Mgmt   For   For
Elect Director Neil Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nokia Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOK1V    03-May-12    Finland    X61873133    Annual    20-Apr-12

 

CUSIP: X61873133    ISIN: FI0009000681    SEDOL: 5902941

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Call the Meeting to Order   Mgmt    
Designate Inspector or Shareholder Representative(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive CEO’s Review   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.20 Per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 440,000 for the Chairman, EUR 150,000 for Deputy Chairman, and EUR 130,000 for Other Directors   Mgmt   For   For
Fix Number of Directors at 11   Mgmt   For   For
Reelect Stephen Elop, Henning Kagermann, Jouko Karvinen, Helge Lund, Isabel Marey-Semper, Dame Marjorie Scardino, Risto Siilasmaa, and Kari Stadigh as Directors; Elect Bruce Brown, Mårten Mickos, and Elizabeth Nelson as New Directors   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Authorize Share Repurchase Program   Mgmt   For   For
Close Meeting   Mgmt    

Public Storage

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PSA    03-May-12    USA    74460D109    Annual    09-Mar-12

 

CUSIP: 74460D109    ISIN: US74460D1090    SEDOL: 2852533

Public Storage

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Havner, Jr.   Mgmt   For   For
Elect Director Tamara Hughes Gustavson   Mgmt   For   For
Elect Director Uri P. Harkham   Mgmt   For   For
Elect Director B. Wayne Hughes, Jr.   Mgmt   For   For
Elect Director Avedick B. Poladian   Mgmt   For   For
Elect Director Gary E. Pruitt   Mgmt   For   For
Elect Director Ronald P. Spogli   Mgmt   For   For
Elect Director Daniel C. Staton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Schneider Electric SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SU    03-May-12    France    F86921107    Annual/Special    26-Apr-12

 

CUSIP: F86921107    ISIN: FR0000121972    SEDOL: 4834108

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.70 per Share   Mgmt   For   For
Approve Additional Pension Scheme Agreement with Jean Pascal Tricoire   Mgmt   For   For
Approve Severance Payment Agreement with Jean Pascal Tricoire   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance package to be granted to Jean-Pascal Tricoire is not deemed totally in line with best market practices, in view of the concerns on the maximum amount of the severance payments, the triggering events, the performance criteria, and the potential combination with an additional pension scheme. Jean-Pascal Tricoire may also continue to benefit from unvested stock options and performance shares after his departure.

Schneider Electric SA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Leo Apotheker as Supervisory Board Member   Mgmt   For   For
Ratify Appointment of Xavier Fontanet as Supervisory Board Member   Mgmt   For   For
Elect Antoine Gosset-Grainville as Supervisory Board Member   Mgmt   For   For
Reelect Willy Kissling as Supervisory Board Member   Mgmt   For   For
Reelect Henri Lachmann as Supervisory Board Member   Mgmt   For   For
Reelect Rick Thoman as Supervisory Board Member   Mgmt   For   For
Elect Manfred Brill as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 12 - 15: Given the overall level of board independence (71 percent), the support provided by the management board, in compliance with a supervisory board recommendation, and the disclosure on the rationale behind this support, TDAM votes against Items 12, 13, and 15.
Reelect Claude Briquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12
Elect Magali Herbaut as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Thierry Jacquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

United Parcel Service, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UPS    03-May-12    USA    911312106    Annual    05-Mar-12

 

CUSIP: 911312106    ISIN: US9113121068    SEDOL: 2517382

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For

United Parcel Service, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Burns   Mgmt   For   For
Elect Director D. Scott Davis   Mgmt   For   For
Elect Director Stuart E. Eizenstat   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director William R. Johnson   Mgmt   For   For
Elect Director Candace Kendle   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director Rudy H.P. Markham   Mgmt   For   For
Elect Director Clark T. Randt, Jr.   Mgmt   For   For
Elect Director John W. Thompson   Mgmt   For   For
Elect Director Carol B. Tome   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Report on Lobbying Contributions and Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VZ    03-May-12    USA    92343V104    Annual    05-Mar-12

 

CUSIP: 92343V104    ISIN: US92343V1044    SEDOL: 2090571

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Carrion   Mgmt   For   Against

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to take the steps necessary to amend the company’s bylaws and each appropriate governing document to give holders of 10% of the outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 50.6 percent of votes cast at the 2009 AGM. In addition, the proposal requested that no exclusionary provisions be included. Subsequently, Verizon amended its bylaws to allow one or more record holders owning in the aggregate not less than 25 percent of outstanding shares to convene a special meeting. Verizon’s bylaws contain certain exclusions on the ability of shareholders to call a special meeting. It is further noted that Verizon has received shareholder proposals related to shareholders’ right to call special meetings which also garnered significant support in each year since the 2009 AGM. A proposal has again been presented to shareholders at the 2012 AGM (see Item 17) requesting the board to give holders of 15% of outstanding common stock the power to call a special shareowner meeting and that such bylaw and/or charter text not have any exclusionary or prohibitive language applicable only to shareowners but not to management and/or the board. As the board continues to ignore the shareholder resolution which was favourably supported, a vote against Sandra O. Moose, Richard L. Carrión, Donald T. Nicolaisen, Hugh B. Price, Rodney E. Slater, and John W. Snow, who serve on the Corporate Governance committee of the board, is warranted. It is noted that Mr. Snow is retiring from the Board in May 2012 and not standing for re-election.
Elect Director Melanie L. Healey   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Lowell C. McAdam   Mgmt   For   For
Elect Director Sandra O. Moose   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Joseph Neubauer   Mgmt   For   For
Elect Director Donald T. Nicolaisen   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Clarence Otis, Jr.   Mgmt   For   For
Elect Director Hugh B. Price   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rodney E. Slater   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Performance-Based and/or Time-Based Equity Awards   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Acme Packet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
APKT    04-May-12    USA    004764106    Annual    06-Mar-12

 

CUSIP: 004764106    ISIN: US0047641065    SEDOL: B17WCB0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Elsbree   Mgmt   For   For
Elect Director Patrick J. MeLampy   Mgmt   For   For
Elect Director Robert G. Ory   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Linde AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LIN    04-May-12    Germany    D50348107    Annual    12-Apr-12

 

CUSIP: D50348107    ISIN: DE0006483001    SEDOL: 5740817

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Creation of EUR 70 Million Pool of Capital without Preemptive Rights   Mgmt   For   For
Approve Stock Option Plan for Key Employees; Approve Creation of EUR 10,2 Million Pool of Conditional Capital to Guarantee Conversion Rights   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Sanofi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    04-May-12    France    F5548N101    Annual/Special    27-Apr-12

 

CUSIP: F5548N101    ISIN: FR0000120578    SEDOL: 5671735

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.65 per Share   Mgmt   For   For
Elect Laurent Attal as Director   Mgmt   For   For
Reelect Uwe Bicker as Director   Mgmt   For   For
Reelect Jean Rene Fourtou as Director   Mgmt   For   For

Sanofi

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Carole Piwnica as Director   Mgmt   For   For
Reelect Klaus Pohle as Director   Mgmt   For   For
Appoint Ernst & Young et Autres as Auditor   Mgmt   For   For
Appoint Auditex as Alternate Auditor   Mgmt   For   For
Ratify Change of Registered Office to 54, rue La Boetie, 75008 Paris and Amend Article 4 of Bylaws Accordingly   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1.2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

The Brink’s Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BCO    04-May-12    USA    109696104    Annual    05-Mar-12

 

CUSIP: 109696104    ISIN: US1096961040    SEDOL: 2691305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reginald D. Hedgebeth   Mgmt   For   For
Elect Director Betty C. Alewine   Mgmt   For   For
Elect Director Michael J. Herling   Mgmt   For   For
Elect Director Thomas C. Schievelbein   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines, as analysis indicates reasonable alignment of compensation and performance.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

The GEO Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GEO    04-May-12    USA    36159R103    Annual    02-Mar-12

 

CUSIP: 36159R103    ISIN: US36159R1032    SEDOL: 2943299

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clarence E. Anthony   Mgmt   For   For
Elect Director Norman A. Carlson   Mgmt   For   For
Elect Director Anne N. Foreman   Mgmt   For   For
Elect Director Richard H. Glanton   Mgmt   For   For
Elect Director Christopher C. Wheeler   Mgmt   For   For
Elect Director George C. Zoley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights; the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks, especially in light of recent incidents and the international scope of its business.
Report on Lobbying Payments and Policy   SH   Against   Against
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Berkshire Hathaway Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRK.B    05-May-12    USA    084670702    Annual    07-Mar-12

 

CUSIP: 084670702    ISIN: US0846707026    SEDOL: 2073390

Berkshire Hathaway Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren E. Buffett   Mgmt   For   For
Elect Director Charles T. Munger   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director David S. Gottesman   Mgmt   For   For
Elect Director Charlotte Guyman   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Thomas S. Murphy   Mgmt   For   For
Elect Director Ronald L. Olson   Mgmt   For   For
Elect Director Walter Scott, Jr.   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

CBL & Associates Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBL    07-May-12    USA    124830100    Annual    09-Mar-12

 

CUSIP: 124830100    ISIN: US1248301004    SEDOL: 2167475

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Foy   Mgmt   For   For
Elect Director Thomas J. DeRosa   Mgmt   For   For
Elect Director Matthew S. Dominski   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal to require a majority vote for the election of directors received supporting votes from 68.9 percent of votes cast, and 57.31 percent of outstanding shares. However, the company has not taken any action in response to this vote. Accordingly, TDAM would normally oppose the elections of Walker, Bryenton, Dominski, and Nay, as they serve on the Nominating and Corporate Governance committee of the board. However, as the board is still in the process of declassification, only Dominski is proposed for election this year.
Ratify Auditors   Mgmt   For   For

CBL & Associates Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Clean Harbors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLH    07-May-12    USA    184496107    Annual    12-Mar-12

 

CUSIP: 184496107    ISIN: US1844961078    SEDOL: 2202473

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan S. McKim   Mgmt   For   For
Elect Director Rod Marlin   Mgmt   For   For
Elect Director John T. Preston   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Tootsie Roll Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TR    07-May-12    USA    890516107    Annual    06-Mar-12

 

CUSIP: 890516107    ISIN: US8905161076    SEDOL: 2896809

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvin J. Gordon   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Ellen R. Gordon   Mgmt   For   For
Elect Director Lana Jane Lewis-Brent   Mgmt   For   For
Elect Director Barre A. Seibert   Mgmt   For   For

Tootsie Roll Industries, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard P. Bergeman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alterra Capital Holdings Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALTE    08-May-12    Bermuda    G0229R108    Annual    29-Feb-12

 

CUSIP: G6052F103    ISIN: BMG0229R1088    SEDOL: B4KTGD9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Marston Becker as Director   Mgmt   For   For
Elect James D. Carey as Director   Mgmt   For   For
Elect K. Bruce Connell as Director   Mgmt   For   For
Elect W. Thomas Forrester as Director   Mgmt   For   For
Elect Meryl D. Hartzband as Director   Mgmt   For   For
Elect Willis T. King, Jr. as Director   Mgmt   For   For
Elect James H. MacNaughton as Director   Mgmt   For   For
Elect Stephan F. Newhouse as Director   Mgmt   For   For
Elect Michael O’Reilly as Director   Mgmt   For   For
Elect Andrew H. Rush as Director   Mgmt   For   For
Elect Mario P. Torsiello as Director   Mgmt   For   For
Elect James L. Zech as Director   Mgmt   For   For
Ratify the Appointment of KPMG as Alterra Capital?s Independent Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CDE    08-May-12    USA    192108504    Annual    12-Mar-12

 

CUSIP: 192108504    ISIN: US1921085049    SEDOL: 2208136

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. Michael Bogert   Mgmt   For   For
Elect Director James J. Curran   Mgmt   For   For
Elect Director Sebastian Edwards   Mgmt   For   For
Elect Director Mitchell J. Krebs   Mgmt   For   For
Elect Director Andrew Lundquist   Mgmt   For   For
Elect Director Robert E. Mellor   Mgmt   For   For
Elect Director John H. Robinson   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Timothy R. Winterer   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cohen & Steers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNS    08-May-12    USA    19247A100    Annual    13-Mar-12

 

CUSIP: 19247A100    ISIN: US19247A1007    SEDOL: B02H882

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Martin Cohen   Mgmt   For   For
Elect Director Robert H. Steers   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Richard P. Simon   Mgmt   For   For
Elect Director Edmond D. Villani   Mgmt   For   For
Elect Director Bernard B. Winograd   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crosstex Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTXI    08-May-12    USA    22765Y104    Annual    20-Mar-12

 

CUSIP: 22765Y104    ISIN: US22765Y1047    SEDOL: 2263306

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leldon E. Echols   Mgmt   For   For
Elect Director Sheldon B. Lubar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Policy Rationale: TDAM supports this proposal as the company’s current equal employment opportunity (EEO) policies do not address gender identity.

Equity LifeStyle Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ELS    08-May-12    USA    29472R108    Annual    06-Mar-12

 

CUSIP: 29472R108    ISIN: US29472R1086    SEDOL: 2563125

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philip Calian   Mgmt   For   For
Elect Director David Contis   Mgmt   For   For
Elect Director Thomas Dobrowski   Mgmt   For   For
Elect Director Thomas Heneghan   Mgmt   For   For
Elect Director Sheli Rosenberg   Mgmt   For   For
Elect Director Howard Walker   Mgmt   For   For
Elect Director Gary Waterman   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Equity LifeStyle Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: In line with ISS reasoning which does not offend TDAM guidelines, this proposal will not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.

Sotheby’s

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BID    08-May-12    USA    835898107    Annual    14-Mar-12

 

CUSIP: 835898107    ISIN: US8358981079    SEDOL: 2822406

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John M. Angelo   Mgmt   For   For
Elect Director Michael Blakenham   Mgmt   For   For
Elect Director Steven B. Dodge   Mgmt   For   For
Elect Director The Duke Of Devonshire   Mgmt   For   For
Elect Director Daniel Meyer   Mgmt   For   For
Elect Director Allen Questrom   Mgmt   For   For
Elect Director William F. Ruprecht   Mgmt   For   For
Elect Director Marsha E. Simms   Mgmt   For   For
Elect Director Michael I. Sovern   Mgmt   For   For
Elect Director Robert S. Taubman   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director Dennis M. Weibling   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Sotheby’s

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Pro-rata Vesting of Equity Awards   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Allianz SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALV    09-May-12    Germany    D03080112    Annual   

 

CUSIP: D03080112    ISIN: DE0008404005    SEDOL: 5231485

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 4.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Wulf Bernotat as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Gerhard Cromme as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Renate Koecher as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Igor Landau as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Helmut Perlet as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies that have between 500 and 2,000 employees, one third of the supervisory board must be made up of employee representatives.
Elect Denis Sutherland as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Dante Barban as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Gabriele Burkhardt-Berg as Employee Representative to the Supervisory Board   Mgmt   For   For

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Jean-Jacques Cette as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Ira Gloe-Semler as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Franz Heiss as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Rolf Zimmermann as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Giovanni Casiroli as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Josef Hochburger as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Claude Le Goaer as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Joerg Reinbrecht as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Juergen Lawrenz as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Frank Kirsch as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Amend Articles Re: Term of Supervisory Board Members   Mgmt   For   For
Authorise Exclusion of Preemptive Rights for the Issuance of Shares from Authorized Capital 2010/I   Mgmt   For   For

Bank of America Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAC    09-May-12    USA    060505104    Annual    14-Mar-12

 

CUSIP: 060505104    ISIN: US0605051046    SEDOL: 2295677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mukesh D. Ambani   Mgmt   For   For
Elect Director Susan S. Bies   Mgmt   For   For
Elect Director Frank P. Bramble, Sr.   Mgmt   For   For
Elect Director Virgis W. Colbert   Mgmt   For   For
Elect Director Charles K. Gifford   Mgmt   For   For
Elect Director Charles O. Holliday, Jr.   Mgmt   For   For

Bank of America Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Thomas J. May   Mgmt   For   For
Elect Director Brian T. Moynihan   Mgmt   For   For
Elect Director Donald E. Powell   Mgmt   For   For
Elect Director Charles O. Rossotti   Mgmt   For   For
Elect Director Robert W. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. The Company’s current policies on stock ownership are adequately connected to long-term interests of shareholders.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current internal controls are robust and as such this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluatethis item on a case-by-case basis.      
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

ConocoPhillips

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COP    09-May-12    USA    20825C104    Annual    12-Mar-12

 

CUSIP: 20825C104    ISIN: US20825C1045    SEDOL: 2685717

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Richard H. Auchinleck   Mgmt   For   For
Elect Director James E. Copeland, Jr.   Mgmt   For   For
Elect Director Kenneth M. Duberstein   Mgmt   For   For
Elect Director Ruth R. Harkin   Mgmt   For   For
Elect Director Ryan M. Lance   Mgmt   For   For
Elect Director Mohd H. Marican   Mgmt   For   For
Elect Director Harold W. McGraw, III   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Robert A. Niblock   Mgmt   For   For
Elect Director Harald J. Norvik   Mgmt   For   For
Elect Director William K. Reilly   Mgmt   For   For
Elect Director Victoria J. Tschinkel   Mgmt   For   For
Elect Director Kathryn C. Turner   Mgmt   For   For
Elect Director William E. Wade, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy to Address Coastal Louisiana Environmental Impacts   SH   Against   Against
Report on Accident Risk Reduction Efforts   SH   Against   Against
Report on Lobbying Payments and Policy   SH   Against   Against
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because ConocoPhillips does not provide corporate- wide goals to reduce GHG emissions from its products or operations. Given the prospects for regulatory changes and eventual legislation on this issue, ConocoPhillips could provide more transparency to its shareholders on its Climate Change Action Plan and other internal GHG emissions reduction initiatives and goals.

ConocoPhillips

 

  Proponent   Mgmt Rec   Vote Instruction
Amend EEO Policy to Prohibit Discrimination based on Gender Identity   SH   Against   For
Policy Rationale: TDAM support for this item is merited as the company’s EEO policy includes sexual orientation but does not specifically address the topic of gender identity or expression. Shareholders would benefit from the company adding gender identity into its EEO policy, taking into account changing state and federal legislation and the adoption of similar policies at many other companies.

Entertainment Properties Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPR    09-May-12    USA    29380T105    Annual    24-Feb-12

 

CUSIP: 29380T105    ISIN: US29380T1051    SEDOL: 2126937

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack A. Newman, Jr.   Mgmt   For   For
Elect Director James A. Olson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Voter Rationale: In line with ISS reasoning, the Executive Incentive Bonus Plan does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

L air liquide

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AI    09-May-12    France    F01764103    Annual/Special    03-May-12

 

CUSIP: F01764103    ISIN: FR0000120073    SEDOL: B1YXBJ7

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For

L air liquide

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Karen Katen as Director   Mgmt   For   For
Elect Pierre Dufour as Director   Mgmt   For   For
Approve Transaction with Pierre Dufour   Mgmt   For   Against
Policy Rationale: TDAM does not support the severance package to be granted to Pierre Dufour because it is not in line with best market practices in view of the concerns on the maximum amount of the severance package, on the existence and the stringency of performance conditions, and on triggering events.
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 250 Million for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

NewStar Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEWS    09-May-12    USA    65251F105    Annual    02-Apr-12

 

CUSIP: 65251F105    ISIN: US65251F1057    SEDOL: B1L7CP5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles N. Bralver   Mgmt   For   For
Elect Director Timothy J. Conway   Mgmt   For   For
Elect Director Bradley E. Cooper   Mgmt   For   For
Elect Director Brian L.P. Fallon   Mgmt   For   For
Elect Director Frank R. Noonan   Mgmt   For   For

NewStar Financial, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Maureen P. O’Hara   Mgmt   For   For
Elect Director Peter A. Schmidt-Fellner   Mgmt   For   For
Elect Director Richard E. Thornburgh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Penske Automotive Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAG    09-May-12    USA    70959W103    Annual    16-Mar-12

 

CUSIP: 70959W103    ISIN: US70959W1036    SEDOL: 2943523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Barr   Mgmt   For   For
Elect Director Michael R. Eisenson   Mgmt   For   For
Elect Director Robert H. Kurnick, Jr.   Mgmt   For   For
Elect Director William J. Lovejoy   Mgmt   For   For
Elect Director Kimberly J. McWaters   Mgmt   For   For
Elect Director Yoshimi Namba   Mgmt   For   For
Elect Director Lucio A. Noto   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Richard J. Peters   Mgmt   For   For
Elect Director Ronald G. Steinhart   Mgmt   For   For
Elect Director H. Brian Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Polypore International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPO    09-May-12    USA    73179V103    Annual    12-Mar-12

 

CUSIP: 73179V103    ISIN: US73179V1035    SEDOL: B02HWV3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William Dries   Mgmt   For   For
Elect Director Frederick C. Flynn, Jr.   Mgmt   For   For
Elect Director Michael Chesser   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Quaker Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KWR    09-May-12    USA    747316107    Annual    09-Mar-12

 

CUSIP: 747316107    ISIN: US7473161070    SEDOL: 2715186

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Caldwell   Mgmt   For   For
Elect Director William R. Cook   Mgmt   For   For
Elect Director Jeffrey D. Frisby   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Standard Chartered plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STAN    09-May-12    United Kingdom    G84228157    Annual    04-May-12

 

CUSIP: G84228157    ISIN: GB0004082847    SEDOL: 0408284

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For

Standard Chartered plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Viswanathan Shankar as Director   Mgmt   For   For
Re-elect Stefano Bertamini as Director   Mgmt   For   For
Re-elect Jaspal Bindra as Director   Mgmt   For   For
Re-elect Richard Delbridge as Director   Mgmt   For   For
Re-elect James Dundas as Director   Mgmt   For   For
Re-elect Valerie Gooding as Director   Mgmt   For   For
Re-elect Dr Han Seung-soo as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Re-elect Rudolph Markham as Director   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item because the nominee is considered to be a non-independent NED and is Chairman of the Audit Committee. In addition, the nominee is the designated Senior Independent Director, a role which should be reserved for an unquestionably independent NED.
Re-elect Ruth Markland as Director   Mgmt   For   For
Re-elect Richard Meddings as Director   Mgmt   For   For
Re-elect John Paynter as Director   Mgmt   For   For
Re-elect Sir John Peace as Director   Mgmt   For   For
Re-elect Alun Rees as Director   Mgmt   For   For
Re-elect Peter Sands as Director   Mgmt   For   For
Re-elect Paul Skinner as Director   Mgmt   For   For
Re-elect Oliver Stocken as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

The Warnaco Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRC    09-May-12    USA    934390402    Annual    26-Mar-12

 

CUSIP: 934390402    ISIN: US9343904028    SEDOL: 2352668

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Bell   Mgmt   For   For
Elect Director Robert A. Bowman   Mgmt   For   For
Elect Director Richard Karl Goeltz   Mgmt   For   For
Elect Director Sheila A. Hopkins   Mgmt   For   For
Elect Director Helen McCluskey   Mgmt   For   For
Elect Director Charles R. Perrin   Mgmt   For   For
Elect Director Nancy A. Reardon   Mgmt   For   For
Elect Director Donald L. Seeley   Mgmt   For   For
Elect Director Cheryl Nido Turpin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    09-May-12    Netherlands    N8981F271    Annual    11-Apr-12

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Receive Report of Management Board   Mgmt    
Approve Financial Statements and Allocation of Income   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect P.G.J.M. Polman as CEO to Board of Directors   Mgmt   For   For
Relect R.J.M.S. Huet as CFO to Board of Directors   Mgmt   For   For
Reelect L.O. Fresco to Board of Directors   Mgmt   For   For

Unilever NV

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect A.M. Fudge to Board of Directors   Mgmt   For   For
Reelect C.E. Golden to Board of Directors   Mgmt   For   For
Reelect B.E. Grote to Board of Directors   Mgmt   For   For
Reelect S.B. Mittal to Board of Directors   Mgmt   For   For
Reelect H. Nyasulu to Board of Directors   Mgmt   For   For
Reelect M. Rifkind to Board of Directors   Mgmt   For   For
Reelect K.J. Storm to Board of Directors   Mgmt   For   For
Reelect M. Treschow to Board of Directors   Mgmt   For   For
Reelect P.S. Walsh to Board of Directors   Mgmt   For   For
Amend Articles of Association   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Authorization to Cancel Ordinary Shares   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Allow Questions and Close Meeting   Mgmt    

Unilever plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULVR    09-May-12    United Kingdom    G92087165    Annual    04-May-12

 

CUSIP: G92087165    ISIN: GB00B10RZP78    SEDOL: B10RZP7

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Paul Polman as Director   Mgmt   For   For
Re-elect Jean-Marc Huet as Director   Mgmt   For   For
Re-elect Louise Fresco as Director   Mgmt   For   For
Re-elect Ann Fudge as Director   Mgmt   For   For

Unilever plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Charles Golden as Director   Mgmt   For   For
Re-elect Byron Grote as Director   Mgmt   For   For
Re-elect Sunil Bharti Mittal as Director   Mgmt   For   For
Re-elect Hixonia Nyasulu as Director   Mgmt   For   For
Re-elect Sir Malcolm Rifkind as Director   Mgmt   For   For
Re-elect Kees Storm as Director   Mgmt   For   For
Re-elect Michael Treschow as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Adopt New Articles of Association   Mgmt   For   For

Anixter International Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXE    10-May-12    USA    035290105    Annual    12-Mar-12

 

CUSIP: 035290105    ISIN: US0352901054    SEDOL: 2468844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lord James Blyth   Mgmt   For   For
Elect Director Frederic F. Brace   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Robert J. Eck   Mgmt   For   For
Elect Director Robert W. Grubbs   Mgmt   For   For
Elect Director F. Philip Handy   Mgmt   For   For

Anixter International Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn N. Klein   Mgmt   For   For
Elect Director George Munoz   Mgmt   For   For
Elect Director Stuart M. Sloan   Mgmt   For   For
Elect Director Matthew Zell   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Bill Barrett Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBG    10-May-12    USA    06846N104    Annual    13-Mar-12

 

CUSIP: 06846N104    ISIN: US06846N1046    SEDOL: B04M3T1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Owens   Mgmt   For   For
Elect Director Randy I. Stein   Mgmt   For   For
Elect Director Kevin O. Meyers   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cinemark Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNK    10-May-12    USA    17243V102    Annual    23-Mar-12

 

CUSIP: 17243V102    ISIN: US17243V1026    SEDOL: B1W7RQ0

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vahe A. Dombalagian   Mgmt   For   For
Elect Director Peter R. Ezersky   Mgmt   For   For
Elect Director Carlos M. Sepulveda   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CVS Caremark Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVS    10-May-12    USA    126650100    Annual    13-Mar-12

 

CUSIP: 126650100    ISIN: US1266501006    SEDOL: 2577609

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. David Brown, II   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 61.2 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, C. David Brown, Anne M. Finucane, Marian L. Heard, and C.A. Lance Piccolo, who serve on the Nominating and Corporate Governance committee of the board.
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Anne M. Finucane   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Kristen Gibney Williams   Mgmt   For   For
Elect Director Marian L. Heard   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

CVS Caremark Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry J. Merlo   Mgmt   For   For
Elect Director Jean-Pierre Millon   Mgmt   For   For
Elect Director C.A. Lance Piccolo   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Dril-Quip, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DRQ    10-May-12    USA    262037104    Annual    23-Mar-12

 

CUSIP: 262037104    ISIN: US2620371045    SEDOL: 2116767

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. H. Dick Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

FEI Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FEIC    10-May-12    USA    30241L109    Annual    05-Mar-12

 

CUSIP: 30241L109    ISIN: US30241L1098    SEDOL: 2355764

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence A. Bock   Mgmt   For   For
Elect Director Arie Huijser   Mgmt   For   For
Elect Director Don R. Kania   Mgmt   For   For
Elect Director Thomas F. Kelly   Mgmt   For   For
Elect Director Jan C. Lobbezoo   Mgmt   For   For
Elect Director Gerhard H. Parker   Mgmt   For   For
Elect Director James T. Richardson   Mgmt   For   For
Elect Director Richard H. Wills   Mgmt   For   For
Elect Director Homa Bahrami   Mgmt   For   For
Elect Director Jami K. Nachtsheim   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
F    10-May-12    USA    345370860    Annual    14-Mar-12

 

CUSIP: 345370860    ISIN: US3453708600    SEDOL: 2615468

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen G. Butler   Mgmt   For   For
Elect Director Kimberly A. Casiano   Mgmt   For   For
Elect Director Anthony F. Earley, Jr.   Mgmt   For   For

Ford Motor Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edsel B. Ford II   Mgmt   For   For
Elect Director William Clay Ford, Jr.   Mgmt   For   For
Elect Director Richard A. Gephardt   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director William W. Helman IV   Mgmt   For   For
Elect Director Irvine O. Hockaday, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Richard A. Manoogian   Mgmt   For   For
Elect Director Ellen R. Marram   Mgmt   For   For
Elect Director Alan Mulally   Mgmt   For   For
Elect Director Homer A. Neal   Mgmt   For   For
Elect Director Gerald L. Shaheen   Mgmt   For   For
Elect Director John L. Thornton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting, which allows all votes to be cast for a single candidate or for any two or more of them, should generally be opposed.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: TDAM guidelines support the general principle of “one share, one vote” and will generally oppose classes of shares with unequal voting rights.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Kohl’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KSS    10-May-12    USA    500255104    Annual    07-Mar-12

 

CUSIP: 500255104    ISIN: US5002551043    SEDOL: 2496113

Kohl’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Boneparth   Mgmt   For   For
Elect Director Steven A. Burd   Mgmt   For   For
Elect Director John F. Herma   Mgmt   For   For
Elect Director Dale E. Jones   Mgmt   For   For
Elect Director William S. Kellogg   Mgmt   For   For
Elect Director Kevin Mansell   Mgmt   For   For
Elect Director John E. Schlifske   Mgmt   For   For
Elect Director Frank V. Sica   Mgmt   For   For
Elect Director Peter M. Sommerhauser   Mgmt   For   For
Elect Director Stephanie A. Streeter   Mgmt   For   For
Elect Director Nina G. Vaca   Mgmt   For   For
Elect Director Stephen E. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Ending Use of Animal Fur in Products   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that management, the Board, and the Compensation Committee are best suited to consider executive compensation and incentive issues, and that the current incentive program adequately aligns compensation and long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

ManTech International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MANT    10-May-12    USA    564563104    Annual    15-Mar-12

 

CUSIP: 564563104    ISIN: US5645631046    SEDOL: 2825308

ManTech International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George J. Pedersen   Mgmt   For   For
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Mary K. Bush   Mgmt   For   For
Elect Director Barry G. Campbell   Mgmt   For   For
Elect Director Walter R. Fatzinger, Jr.   Mgmt   For   For
Elect Director David E. Jeremiah   Mgmt   For   For
Elect Director Richard J. Kerr   Mgmt   For   For
Elect Director Kenneth A. Minihan   Mgmt   For   For
Elect Director Stephen W. Porter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Monotype Imaging Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TYPE    10-May-12    USA    61022P100    Annual    22-Mar-12

 

CUSIP: 61022P100    ISIN: US61022P1003    SEDOL: B1YWR85

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Pamela F. Lenehan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Norfolk Southern Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NSC    10-May-12    USA    655844108    Annual    02-Mar-12

 

CUSIP: 655844108    ISIN: US6558441084    SEDOL: 2641894

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gerald L. Baliles   Mgmt   For   For

Norfolk Southern Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Erskine B. Bowles   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Wesley G. Bush   Mgmt   For   For
Elect Director Daniel A. Carp   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Steven F. Leer   Mgmt   For   For
Elect Director Michael D. Lockhart   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    10-May-12    Australia    Q81437107    Annual    08-May-12

 

CUSIP: Q81437107    ISIN: AU000000RIO1    SEDOL: 6220103

 

  Proponent   Mgmt Rec   Vote Instruction
Accept the Financial Statements and Statutory Reports for the Year Ended Dec. 31, 2011   Mgmt   For   For
Approve the Remuneration Report for the Year Ended Dec. 31, 2011   Mgmt   For   For
Elect Chris Lynch as a Director   Mgmt   For   For
Elect John Varley as a Director   Mgmt   For   For
Elect Tom Albanese as a Director   Mgmt   For   For
Elect Robert Brown as a Director   Mgmt   For   For
Elect Vivienne Cox as a Director   Mgmt   For   For
Elect Jan du Plessis as a Director   Mgmt   For   For
Elect Guy Elliott as a Director   Mgmt   For   For
Elect Micheal Fitzpatrick as a Director   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Ann Godbehere as a Director   Mgmt   For   For
Elect Richard Goodmanson as a Director   Mgmt   For   For
Elect Lord Kerr as a Director   Mgmt   For   For
Elect Paul Tellier as a Director   Mgmt   For   For
Elect Sam Walsh as a Director   Mgmt   For   For
Approve the Reappointment of PricewaterhouseCoopers LLP as Auditors of Rio Tinto plc and Authorize the Audit Committee to Fix the Auditors’ Remuneration   Mgmt   For   For
Approve the Renewal of the Off-Market and On-Market Share Buyback Authorities   Mgmt   For   For

The Dow Chemical Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DOW    10-May-12    USA    260543103    Annual    19-Mar-12

 

CUSIP: 260543103    ISIN: US2605431038    SEDOL: 2278719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arnold A. Allemang   Mgmt   For   For
Elect Director Jacqueline K. Barton   Mgmt   For   For
Elect Director James A. Bell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 58.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of J. A. Bell and J. M. Fettig, who serve on the board’s Governance committee.
Elect Director Jeff M. Fettig   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director John B. Hess   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director Paul Polman   Mgmt   For   For
Elect Director Dennis H. Reilley   Mgmt   For   For

The Dow Chemical Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James M. Ringler   Mgmt   For   For
Elect Director Ruth G. Shaw   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.

Cameron International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAM    11-May-12    USA    13342B105    Annual    16-Mar-12

 

CUSIP: 13342B105    ISIN: US13342B1052    SEDOL: 2222233

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Baker Cunningham   Mgmt   For   For
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Douglas L. Foshee   Mgmt   For   For
Elect Director Rodolfo Landim   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.

Cameron International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it reduces shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Restatement of the Company’s Certificate of Incorporation   Mgmt   For   For
Voter Rationale: This is a routine matter that does not raise an issue of principle with respect to corporate governance. As such, TDAM supports this resolution.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Total SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FP    11-May-12    France    F92124100    Annual/Special    07-May-12

 

CUSIP: F92124100    ISIN: FR0000120271    SEDOL: B15C557

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.28 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Christophe de Margerie as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Patrick Artus as Director   Mgmt   For   For
Reelect Bertrand Collomb as Director   Mgmt   For   For
Reelect Anne Lauvergeon as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   For
Ratify Appointment of Gerard Lamarche as Director   Mgmt   For   For
Elect Anne-Marie Idrac as Director   Mgmt   For   For

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Severance Payment Agreement with Christophe de Margerie   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item as the severance package granted to Christophe de Margerie is not totally in line with best market practices, in view of the concerns of the triggering events and performance criteria.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2.5 Billion and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 850 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 14   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Proposals Made by UES Amont Total Workers’ Counsel   Mgmt    
Approve Additional Indicators to Include in the Information Provided on Corporate Executive Officers Remuneration   SH   Against   Against
Voter Rationale: As the company has fully disclosed the relevant details of its executive compensation practices in its proxy circular, additional disclosure does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Allow Loyalty Dividends to Long-Term Registered Shareholders   SH   Against   Against
Voter Rationale: TDAM generally opposes shareholder proposals which seek to mandate considerations which the board of directors must take into account in making business decisions. The issuance of dividends is a business decision that management, the Board and key Board committees are best suited to consider.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Equity One, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQY    14-May-12    USA    294752100    Annual    05-Mar-12

 

CUSIP: 294752100    ISIN: US2947521009    SEDOL: 2246329

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James S. Cassel   Mgmt   For   For
Elect Director Cynthia R. Cohen   Mgmt   For   For
Elect Director Neil Flanzraich   Mgmt   For   For
Elect Director Nathan Hetz   Mgmt   For   For
Elect Director Chaim Katzman   Mgmt   For   For
Elect Director Peter Linneman   Mgmt   For   For
Elect Director Jeffrey S. Olson   Mgmt   For   For
Elect Director Dori Segal   Mgmt   For   For
Elect Director David Fischel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

ING Groep NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    14-May-12    Netherlands    N4578E413    Annual    16-Apr-12

 

CUSIP: N4578E413    ISIN: NL0000303600    SEDOL: 7154182

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Open Meeting   Mgmt    
Receive Report of Management Board (Non-Voting)   Mgmt    
Receive Report of Supervisory Board (Non-Voting)   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Discuss Remuneration Report Containing Remuneration Policy for Management Board Members   Mgmt    

ING Groep NV

 

  Proponent   Mgmt Rec   Vote Instruction
Discussion on Company’s Corporate Governance Structure   Mgmt    
Amend Articles Re: Legislative Changes   Mgmt   For   For
Receive Announcements on Sustainability   Mgmt    
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Ratify Ernst and Young as Auditors   Mgmt   For   For
Elect Wilfred Nagel to Executive Board   Mgmt   For   For
Reelect Aman Mehta to Supervisory Board   Mgmt   For   For
Elect Jan Holsboer to Supervisory Board   Mgmt   For   For
Elect Yvonne van Rooy to Supervisory Board   Mgmt   For   For
Elect Robert Reibestein to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital in Connection with a Major Capital Restructuring   Mgmt   For   For
Close Meeting   Mgmt    

Alaska Air Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALK    15-May-12    USA    011659109    Annual    23-Mar-12

 

CUSIP: 011659109    ISIN: US0116591092    SEDOL: 2012605

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Ayer   Mgmt   For   For
Elect Director Patricia M. Bedient   Mgmt   For   For
Elect Director Marion C. Blakey   Mgmt   For   For
Elect Director Phyllis J. Campbell   Mgmt   For   For

Alaska Air Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jessie J. Knight, Jr.   Mgmt   For   For
Elect Director R. Marc Langland   Mgmt   For   For
Elect Director Dennis F. Madsen   Mgmt   For   For
Elect Director Byron I. Mallott   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Bradley D. Tilden   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current long-term equity-based awards adequately align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Boston Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BXP    15-May-12    USA    101121101    Annual    21-Mar-12

 

CUSIP: 101121101    ISIN: US1011211018    SEDOL: 2019479

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence S. Bacow   Mgmt   For   For
Elect Director Zoe Baird Budinger   Mgmt   For   For
Elect Director Douglas T. Linde   Mgmt   For   For
Elect Director Matthew J. Lustig   Mgmt   For   For
Elect Director Alan J. Patricof   Mgmt   For   For
Elect Director Martin Turchin   Mgmt   For   For
Elect Director David A. Twardock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Boston Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

GrafTech International Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GTI    15-May-12    USA    384313102    Annual    22-Mar-12

 

CUSIP: 384313102    ISIN: US3843131026    SEDOL: 2906719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randy W. Carson   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Harold E. Layman   Mgmt   For   For
Elect Director Ferrell P. McClean   Mgmt   For   For
Elect Director Nathan Milikowsky   Mgmt   For   For
Elect Director Michael C. Nahl   Mgmt   For   For
Elect Director Steven R. Shawley   Mgmt   For   For
Elect Director Craig S. Shular   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HIW    15-May-12    USA    431284108    Annual    01-Mar-12

 

CUSIP: 431284108    ISIN: US4312841087    SEDOL: 2420640

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas W. Adler   Mgmt   For   For
Elect Director Gene H. Anderson   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For

Highwoods Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David J. Hartzell   Mgmt   For   For
Elect Director Sherry A. Kellett   Mgmt   For   For
Elect Director Mark F. Mulhern   Mgmt   For   For
Elect Director L. Glenn Orr, Jr.   Mgmt   For   For
Elect Director O. Temple Sloan, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will oppose this item on a case-by-case basis.

JPMorgan Chase & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JPM    15-May-12    USA    46625h100    Annual    16-Mar-12

 

CUSIP: 46625h100    ISIN: US46625H1005    SEDOL: 2190385

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bell   Mgmt   For   For
Elect Director Crandall C. Bowles   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal seeking the right to act by written consent passed with 54.3 percent of total votes cast at the 2010 AGM. The shareholder resolution was also proposed at the 2011 AGM, where it garnered the support of 49 percent of votes cast, and is included on ballot once more this year (Item 19). To date, the company has not implemented the majority supported resolution. Accordingly, TDAM will continue to oppose the elections of Burke, Raymond, and Weldon, who serve on the Corporate Governance and Nominating committee of the board.
Elect Director David M. Cote   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director James Dimon   Mgmt   For   For
Elect Director Timothy P. Flynn   Mgmt   For   For
Elect Director Ellen V. Futter   Mgmt   For   For
Elect Director Laban P. Jackson, Jr.   Mgmt   For   For

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lee R. Raymond   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director William C. Weldon   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officer’ Compensation   Mgmt   For   For
Affirm Political Non-Partisanship   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director
Report on Loan Modifications   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. TDAM is of the view that the Company’s current policies and processes for oversight of loan modification are adequate.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.
Stock Retention   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Medicis Pharmaceutical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRX    15-May-12    USA    584690309    Annual    16-Mar-12

 

CUSIP: 584690309    ISIN: US5846903095    SEDOL: 2576510

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur G. Altschul, Jr.   Mgmt   For   For
Elect Director Philip S. Schein   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS’s reasoning, executive compensation is not linked to company and/or individual performance.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Quidel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QDEL    15-May-12    USA    74838J101    Annual    20-Mar-12

 

CUSIP: 74838J101    ISIN: US74838J1016    SEDOL: 2717591

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas D. Brown   Mgmt   For   For
Elect Director Douglas C. Bryant   Mgmt   For   For
Elect Director Kenneth F. Buechler   Mgmt   For   For
Elect Director Rod F. Dammeyer   Mgmt   For   For
Elect Director Mary Lake Polan   Mgmt   For   For
Elect Director Mark A. Pulido   Mgmt   For   For
Elect Director Jack W. Schuler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Sprint Nextel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
S    15-May-12    USA    852061100    Annual    16-Mar-12

 

CUSIP: 852061100    ISIN: US8520611000    SEDOL: 2922447

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert R. Bennett   Mgmt   For   For
Elect Director Gordon M. Bethune   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director Daniel R. Hesse   Mgmt   For   For
Elect Director V. Janet Hill   Mgmt   For   For
Elect Director Frank Ianna   Mgmt   For   For
Elect Director Sven-Christer Nilsson   Mgmt   For   For
Elect Director William R. Nuti   Mgmt   For   For
Elect Director Rodney O’Neal   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s recommendation, which does not offend TDAM guidelines.
Amend Articles of Incorporation to Opt-out of the Business Combination Statute   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Articles of Incorporation to Eliminate Business Combination Provision   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   For
Adopt Policy on Bonus Banking   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s executive compensation approach effectively aligns executive performance with long-term shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Sprint Nextel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Statoil ASA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STL    15-May-12    Norway    R8413J103    Annual   

 

CUSIP: R4446E112    ISIN: NO0010096985    SEDOL: 7133608

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Registration of Attending Shareholders and Proxies   Mgmt    
Elect Olaug Svarva as Chairman of Meeting   Mgmt   For   For
Approve Notice of Meeting and Agenda   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Approve Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 6.50 per Share   Mgmt   For   For
Shareholder Proposals   Mgmt    
Withdraw Company From Tar Sands Activities in Canada   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. TDAM analyses these proposals on a case-by-case basis.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Management Proposals   Mgmt    
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted as, under the cash-based long-term incentive program, executives are in essence granted free shares without any performance criteria attached. Furthermore, the share-matching element of the employee stock purchase plan is subject to only two-year vesting.
Approve Remuneration of Auditors for 2011   Mgmt   For   For
Elect KPMG as Auditors   Mgmt   For   For
Reelect Olaug Svarva as Member of Corporate Assembly   Mgmt   For   For
Reelect Idar Kreutzer as Member of Corporate Assembly   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Karin Aslaksen as Member of Corporate Assembly   Mgmt   For   For
Reelect Greger Mannsverk as Member of Corporate Assembly   Mgmt   For   For
Reelect Steinar Olsen as Member of Corporate Assembly   Mgmt   For   For
Reelect Ingvald Strommen as Member of Corporate Assembly   Mgmt   For   For
Reelect Rune Bjerke as Member of Corporate Assembly   Mgmt   For   For
Reelect Tore Ulstein as Member of Corporate Assembly   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Corporate Assembly   Mgmt   For   For
Reelect Siri Kalvig as Member of Corporate Assembly   Mgmt   For   For
Reelect Thor Oscar Bolstad as Member of Corporate Assembly   Mgmt   For   For
Reelect Barbro Haetta as Member of Corporate Assembly   Mgmt   For   For
Reelect Arthur Sletteberg as Deputy Member of Corporate Assembly   Mgmt   For   For
Elect Bassim Haj as New Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Anne-Margrethe Firing as Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Linda Litlekalsoy Aase as Deputy Member of Corporate Assembly   Mgmt   For   For
Approve Remuneration of Corporate Assembly in the Amount of NOK 107,900 for Chair, NOK 56,800 for Vice Chair, NOK 39,900 for Other Members, and NOK 5,700 per Meeting for Deputy Members   Mgmt   For   For
Reelect Olaug Svarva as Chairman of Nominating Committee   Mgmt   For   For
Reelect Tom Rathke as Member of Nominating Committee   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Nominating Committee   Mgmt   For   For
Reelect Ingrid Dramdal Rasmussen as Member of Nominating Committee   Mgmt   For   For
Approve Remuneration of Members of Nominating Committee in the Amount of NOK 10,800 per Meeting for Chairman and NOK 8,000 per Meeting for Regular Members   Mgmt   For   For
Authorize Repurchase and Reissuance of Shares up to a Nominal Value of NOK 27.5 Million in Connection with Share Saving Scheme for Employees   Mgmt   For   Against
Policy Rationale: Support for this proposal is note warranted given that the repurchased shares will be issued to finance a share matching plan which does not merit approval.
Authorize Repurchase of Shares up to a Nominal Value of NOK 187.5 Million and Cancellation of Repurchased Shares   Mgmt   For   For

Time Warner Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TWX    15-May-12    USA    887317303    Annual    22-Mar-12

 

CUSIP: 887317303    ISIN: US8873173038    SEDOL: B63QTN2

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 55.8 percent of votes cast at the 2009 AGM. Although management lowered the threshold to call special meetings to 15% of shares, there are material restrictions on shareholders’ right to call special meetings. Although the board stated that some of its shareholders have indicated that they preferred a threshold between 10 percent and 25 percent, the resolution requesting a 10 percent threshold was favourably supported by the company’s shareholders. Accordingly, TDAM will oppose the elections of James L. Barksdale, Robert C. Clark, Jessica P. Einhorn and Kenneth J. Novack, as they serve on the Nominating and Governance committee of the board.
Elect Director William P. Barr   Mgmt   For   For
Elect Director Jeffrey L. Bewkes   Mgmt   For   For
Elect Director Stephen F. Bollenbach   Mgmt   For   For
Elect Director Robert C. Clark   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mathias Dopfner   Mgmt   For   For
Elect Director Jessica P. Einhorn   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Fred Hassan   Mgmt   For   For
Elect Director Kenneth J. Novack   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Paul D. Wachter   Mgmt   For   For
Elect Director Deborah C. Wright   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

American International Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AIG    16-May-12    USA    026874784    Annual    21-Mar-12

 

CUSIP: 026874784    ISIN: US0268747849    SEDOL: 2027342

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Benmosche   Mgmt   For   For
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director John H. Fitzpatrick   Mgmt   For   For
Elect Director Laurette T. Koellner   Mgmt   For   For
Elect Director Donald H. Layton   Mgmt   For   For
Elect Director Christopher S. Lynch   Mgmt   For   For
Elect Director Arthur C. Martinez   Mgmt   For   For
Elect Director George L. Miles, Jr.   Mgmt   For   For
Elect Director Henry S. Miller   Mgmt   For   For
Elect Director Robert S. Miller   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ronald A. Rittenmeyer   Mgmt   For   For
Elect Director Douglas M. Steenland   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Berry Petroleum Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRY    16-May-12    USA    085789105    Annual    19-Mar-12

 

CUSIP: 085789105    ISIN: US0857891057    SEDOL: 2094227

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ralph B. Busch, III   Mgmt   For   For
Elect Director William E. Bush, Jr.   Mgmt   For   For
Elect Director Stephen L. Cropper   Mgmt   For   For
Elect Director J. Herbert Gaul, Jr.   Mgmt   For   For

Berry Petroleum Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen J. Hadden   Mgmt   For   For
Elect Director Robert F. Heinemann   Mgmt   For   For
Elect Director Thomas J. Jamieson   Mgmt   For   For
Elect Director J. Frank Keller   Mgmt   For   For
Elect Director Michael S. Reddin   Mgmt   For   For
Elect Director Martin H. Young, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BG Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BG.    16-May-12    United Kingdom    G1245Z108    Annual    14-May-12

 

CUSIP: G1245Z108    ISIN: GB0008762899    SEDOL: 0876289

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Vivienne Cox as Director   Mgmt   For   For
Elect Chris Finlayson as Director   Mgmt   For   For
Elect Andrew Gould as Director   Mgmt   For   For
Re-elect Peter Backhouse as Director   Mgmt   For   For
Re-elect Fabio Barbosa as Director   Mgmt   For   For
Re-elect Sir Frank Chapman as Director   Mgmt   For   For
Re-elect Baroness Hogg as Director   Mgmt   For   For
Re-elect Dr John Hood as Director   Mgmt   For   For
Re-elect Martin Houston as Director   Mgmt   For   For
Re-elect Caio Koch-Weser as Director   Mgmt   For   For
Re-elect Sir David Manning as Director   Mgmt   For   For

BG Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Mark Seligman as Director   Mgmt   For   For
Re-elect Patrick Thomas as Director   Mgmt   For   For
Re-elect Philippe Varin as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BMW Group Bayerische Motoren Werke AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMW    16-May-12    Germany    D12096109    Annual    24-Apr-12

 

CUSIP: D12096109    ISIN: DE0005190003    SEDOL: 5756029

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.32 per Preference Share and EUR 2.30 per Ordinary Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Halliburton Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HAL    16-May-12    USA    406216101    Annual    19-Mar-12

 

CUSIP: 406216101    ISIN: US4062161017    SEDOL: 2405302

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan M. Bennett   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the 2009 annual meeting, a shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support of 53.3 percent of votes cast. The company amended its bylaws to allow holders of at least 25 percent to call a special meeting. Although the bylaws were also amended to allow a single shareholder owning ten percent of the company’s common stock to call a special meeting, this fails to meet the request of the proponents. Therefore, TDAM will oppose the elections of Bennett, Carroll, Jum’ah, Martin, and Reed, who serve on the Nominating and Corporate Governance Committee.
Elect Director James R. Boyd   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director Murry S. Gerber   Mgmt   For   For
Elect Director S. Malcolm Gillis   Mgmt   For   For
Elect Director Abdallah S. Jum’ah   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director David J. Lesar   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director J. Landis Martin   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Debra L. Reed   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Magellan Health Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MGLN    16-May-12    USA    559079207    Annual    30-Mar-12

 

CUSIP: 559079207    ISIN: US5590792074    SEDOL: 2307787

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rene Lerer   Mgmt   For   For
Elect Director Mary F. Sammons   Mgmt   For   For
Elect Director Eran Broshy   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Primerica Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRI    16-May-12    USA    74164M108    Annual    19-Mar-12

 

CUSIP: 74164M108    ISIN: US74164M1080    SEDOL: B50K3X8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Richard Williams   Mgmt   For   For
Elect Director Barbara A. Yastine   Mgmt   For   For
Elect Director Daniel A. Zilberman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ProAssurance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRA    16-May-12    USA    74267C106    Annual    23-Mar-12

 

CUSIP: 74267C106    ISIN: US74267C1062    SEDOL: 2612737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. James Gorrie   Mgmt   For   For
Elect Director Anthony R. Tersigni   Mgmt   For   For

ProAssurance Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. Spinosa   Mgmt   For   For
Elect Director Thomas A.S. Wilson Jr.   Mgmt   For   For
Elect Director John J. McMahon Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Qlik Technologies Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QLIK    16-May-12    USA    74733T105    Annual    22-Mar-12

 

CUSIP: 74733T105    ISIN: US74733T1051    SEDOL: B3WPL22

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deborah C. Hopkins   Mgmt   For   For
Elect Director Paul Wahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Silicon Image, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIMG    16-May-12    USA    82705T102    Annual    23-Mar-12

 

CUSIP: 82705T102    ISIN: US82705T1025    SEDOL: 2497581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Hanelt   Mgmt   For   For
Elect Director William George   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Silicon Image, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Thomson Reuters Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TRI    16-May-12    Canada    884903105    Annual    23-Mar-12

 

CUSIP: 884903105    ISIN: CA8849031056    SEDOL: 2889371

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Thomson   Mgmt   For   For
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James C. Smith   Mgmt   For   For
Elect Director Manvinder S. Banga   Mgmt   For   For
Elect Director Mary Cirillo   Mgmt   For   For
Elect Director Steven A. Denning   Mgmt   For   For
Elect Director Lawton W. Fitt   Mgmt   For   For
Elect Director Roger L. Martin   Mgmt   For   For
Elect Director Sir Deryck Maughan   Mgmt   For   For
Elect Director Ken Olisa   Mgmt   For   For
Elect Director Vance K. Opperman   Mgmt   For   For
Elect Director John M. Thompson   Mgmt   For   For
Elect Director Peter J. Thomson   Mgmt   For   For
Elect Director Wulf von Schimmelmann   Mgmt   For   For
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote on Executive Compensation Approach   Mgmt   For   For
Voter Rationale: No significant compensation issues are identified at this time.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Acacia Research Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACTG    17-May-12    USA    003881307    Annual    23-Mar-12

 

CUSIP: 003881307    ISIN: US0038813079    SEDOL: 2169589

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul R. Ryan   Mgmt   For   For
Elect Director G. Louis Graziadio, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.

AmSurg Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMSG    17-May-12    USA    03232P405    Annual    02-Apr-12

 

CUSIP: 03232P405    ISIN: US03232P4054    SEDOL: 2781381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Cigarran   Mgmt   For   For
Elect Director John W. Popp, Jr.   Mgmt   For   For
Elect Director Cynthia S. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Credit Acceptance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACC    17-May-12    USA    225310101    Annual    22-Mar-12

 

CUSIP: 225310101    ISIN: US2253101016    SEDOL: 2232050

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald A. Foss   Mgmt   For   For
Elect Director Glenda J. Flanagan   Mgmt   For   For
Elect Director Brett A. Roberts   Mgmt   For   For
Elect Director Thomas N. Tryforos   Mgmt   For   For
Elect Director Scott J. Vassalluzzo   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Geron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GERN    17-May-12    USA    374163103    Annual    20-Mar-12

 

CUSIP: 374163103    ISIN: US3741631036    SEDOL: 2370381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas Hofstaetter   Mgmt   For   For
ElectDirector John A. Scarlett   Mgmt   For   For
ElectDirector Robert J. Spiegel   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Horsehead Holding Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ZINC    17-May-12    USA    440694305    Annual    30-Mar-12

 

CUSIP: 440694305    ISIN: US4406943054    SEDOL: B23XLC8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director T. Grant John   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Intel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INTC    17-May-12    USA    458140100    Annual    19-Mar-12

 

CUSIP: 458140100    ISIN: US4581401001    SEDOL: 2463247

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charlene Barshefsky   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director John J. Donahoe   Mgmt   For   For
Elect Director Reed E. Hundt   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director James D. Plummer   Mgmt   For   For
Elect Director David S. Pottruck   Mgmt   For   For
Elect Director Frank D. Yeary   Mgmt   For   For
Elect Director David B. Yoffie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

John Bean Technologies Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JBT    17-May-12    USA    477839104    Annual    20-Mar-12

 

CUSIP: 477839104    ISIN: US4778391049    SEDOL: B3BRJZ8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Maury Devine   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kilroy Realty Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KRC    17-May-12    USA    49427F108    Annual    16-Mar-12

 

CUSIP: 49427F108    ISIN: US49427F1084    SEDOL: 2495529

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. Kilroy, Sr.   Mgmt   For   For
Elect Director John B. Kilroy, Jr.   Mgmt   For   For
Elect Director Edward F. Brennan   Mgmt   For   For
Elect Director William P. Dickey   Mgmt   For   For
Elect Director Scott S. Ingraham   Mgmt   For   For
Elect Director Dale F. Kinsella   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, executive compensation is unrelated to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Lloyds Banking Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    17-May-12    United Kingdom    G5533W248    Annual    15-May-12

 

CUSIP: G5542W106    ISIN: GB0008706128    SEDOL: 0870612

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect George Culmer as Director   Mgmt   For   For
Elect Sara Weller as Director   Mgmt   For   For
Re-elect Sir Winfried Bischoff as Director   Mgmt   For   For
Re-elect Anita Frew as Director   Mgmt   For   For
Re-elect Antonio Horta-Osorio as Director   Mgmt   For   For
Re-elect David Roberts as Director   Mgmt   For   For
Re-elect Timothy Ryan as Director   Mgmt   For   For
Re-elect Martin Scicluna as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve Share Incentive Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

MannKind Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MNKD    17-May-12    USA    56400P201    Annual    19-Mar-12

 

CUSIP: 56400P201    ISIN: US56400P2011    SEDOL: B010TR8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alfred E. Mann   Mgmt   For   For

MannKind Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Hakan S. Edstrom   Mgmt   For   For
Elect Director Abraham E. Cohen   Mgmt   For   For
Elect Director Ronald Consiglio   Mgmt   For   For
Elect Director Michael Friedman   Mgmt   For   For
Elect Director Kent Kresa   Mgmt   For   For
Elect Director David H. MacCallum   Mgmt   For   For
Elect Director Henry L. Nordhoff   Mgmt   For   For
Elect Director James S. Shannon   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant. TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Meadowbrook Insurance Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MIG    17-May-12    USA    58319P108    Annual    21-Mar-12

 

CUSIP: 58319P108    ISIN: US58319P1084    SEDOL: 2574945

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert S. Cubbin   Mgmt   For   For
Elect Director Robert F. Fix   Mgmt   For   For
Elect Director Hugh W. Greenberg   Mgmt   For   For
Elect Director Florine Mark   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Prudential plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRU    17-May-12    United Kingdom    G72899100    Annual    15-May-12

 

CUSIP: G72899100    ISIN: GB0007099541    SEDOL: 0709954

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because significant basic salary increases for Executive Directors have been implemented for 2012, and the maximum potential bonus and long-term incentive awards were also increased for 2012. In addition, the Remuneration Committee moved the goalposts of one Executive Director’s long-term incentives two years into a three-year performance period by applying changes to its performance criteria retrospectively, which resulted in the vesting of a high proportion of those awards.
Approve Final Dividend   Mgmt   For   For
Elect Alexander Johnston as Director   Mgmt   For   For
Elect Kaikhushru Nargolwala as Director   Mgmt   For   For
Re-elect Keki Dadiseth as Director   Mgmt   For   For
Re-elect Sir Howard Davies as Director   Mgmt   For   For
Re-elect Robert Devey as Director   Mgmt   For   For
Re-elect John Foley as Director   Mgmt   For   For
Re-elect Michael Garrett as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Paul Manduca as Director   Mgmt   For   For
Re-elect Harvey McGrath as Director   Mgmt   For   For
Re-elect Michael McLintock as Director   Mgmt   For   For
Re-elect Nicolaos Nicandrou as Director   Mgmt   For   For
Re-elect Barry Stowe as Director   Mgmt   For   For
Re-elect Tidjane Thiam as Director   Mgmt   For   For
Re-elect Lord Turnbull as Director   Mgmt   For   For
Re-elect Michael Wells as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

Prudential plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve International Savings-Related Share Option Scheme for Non-Employees 2012   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Republic Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RSG    17-May-12    USA    760759100    Annual    20-Mar-12

 

CUSIP: 760759100    ISIN: US7607591002    SEDOL: 2262530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James W. Crownover   Mgmt   For   For
Elect Director William J. Flynn   Mgmt   For   For
Elect Director Michael Larson   Mgmt   For   For
Elect Director Nolan Lehmann   Mgmt   For   For
Elect Director W. Lee Nutter   Mgmt   For   For
Elect Director Ramon A. Rodriguez   Mgmt   For   For
Elect Director Donald W. Slager   Mgmt   For   For
Elect Director Allan C. Sorensen   Mgmt   For   For
Elect Director John M. Trani   Mgmt   For   For
Elect Director Michael W. Wickham   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives   SH   Against   For
Policy Rationale: TDAM supports shareholder proposals requesting submission of golden coffins to a shareholder vote.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Simon Property Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SPG    17-May-12    USA    828806109    Annual    19-Mar-12

 

CUSIP: 828806109    ISIN: US8288061091    SEDOL: 2812452

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn E. Bergstein   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Allan Hubbard   Mgmt   For   For
Elect Director Reuben S. Leibowitz   Mgmt   For   For
Elect Director Daniel C. Smith   Mgmt   For   For
Elect Director J. Albert Smith, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, a pay-for-performance disconnect is noted as the CEO’s $120 million retention award granted in 2011 was not related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

The Charles Schwab Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SCHW    17-May-12    USA    808513105    Annual    19-Mar-12

 

CUSIP: 808513105    ISIN: US8085131055    SEDOL: 2779397

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy H. Bechtle   Mgmt   For   For
Elect Director Walter W. Bettinger, II   Mgmt   For   For
Elect Director C. Preston Butcher   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Charles Schwab Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM support for this item is not warranted.

Bruker Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRKR    18-May-12    USA    116794108    Annual    30-Mar-12

 

CUSIP: 116794108    ISIN: US1167941087    SEDOL: 2616137

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard D. Kniss   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Joerg C. Laukien   Mgmt   For   For
Elect Director William A. Linton   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Chris Van Ingen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rockwood Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROC    18-May-12    USA    774415103    Annual    21-Mar-12

 

CUSIP: 774415103    ISIN: US7744151033    SEDOL: B0GWF93

Rockwood Holdings, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director J. Kent Masters   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Seattle Genetics, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGEN    18-May-12    USA    812578102    Annual    23-Mar-12

 

CUSIP: 812578102    ISIN: US8125781026    SEDOL: 2738127

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clay B. Siegall   Mgmt   For   For
Elect Director Felix Baker   Mgmt   For   For
Elect Director Nancy A. Simonian   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKT    18-May-12    USA    875465106    Annual    21-Mar-12

 

CUSIP: 875465106    ISIN: US8754651060    SEDOL: 2874582

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack Africk   Mgmt   For   For
Elect Director Steven B. Tanger   Mgmt   For   For
Elect Director William G. Benton   Mgmt   For   For
Elect Director Bridget Ryan Berman   Mgmt   For   For
Elect Director Donald G. Drapkin   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas J. Reddin   Mgmt   For   For
Elect Director Thomas E. Robinson   Mgmt   For   For
Elect Director Allan L. Schuman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Dillard’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DDS    19-May-12    USA    254067101    Annual    26-Mar-12

 

CUSIP: 254067101    ISIN: US2540671011    SEDOL: 2269768

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Frank R. Mori   Mgmt   For   For
Elect Director J.C. Watts, Jr.   Mgmt   For   For
Elect Director Nick White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

CONMED Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNMD    21-May-12    USA    207410101    Annual    03-Apr-12

 

CUSIP: 207410101    ISIN: US2074101013    SEDOL: 2216010

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Eugene R. Corasanti   Mgmt   For   For
Elect Director Joseph J. Corasanti   Mgmt   For   For

CONMED Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce F. Daniels   Mgmt   For   For
Elect Director Jo Ann Golden   Mgmt   For   For
Elect Director Stephen M. Mandia   Mgmt   For   For
Elect Director Stuart J. Schwartz   Mgmt   For   For
Elect Director Mark E. Tryniski   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NUS    21-May-12    USA    67018T105    Annual    05-Apr-12

 

CUSIP: 67018T105    ISIN: US67018T1051    SEDOL: 2616870

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nevin N. Andersen   Mgmt   For   For
Elect Director Daniel W. Campbell   Mgmt   For   For
Elect Director M. Truman Hunt   Mgmt   For   For
Elect Director Andrew D. Lipman   Mgmt   For   For
Elect Director Steven J. Lund   Mgmt   For   For
Elect Director Patricia A. Negron   Mgmt   For   For
Elect Director Neil H. Offen   Mgmt   For   For
Elect Director Thomas R. Pisano   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Onyx Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ONXX    21-May-12    USA    683399109    Annual    22-Mar-12

 

CUSIP: 683399109    ISIN: US6833991093    SEDOL: 2656069

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul Goddard   Mgmt   For   For
Elect Director Antonio J. Grillo-Lopez   Mgmt   For   For
Elect Director Wendell Wierenga   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ViroPharma Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VPHM    21-May-12    USA    928241108    Annual    02-Apr-12

 

CUSIP: 928241108    ISIN: US9282411084    SEDOL: 2945660

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Michael R. Dougherty   Mgmt   For   For
Elect Director Robert J. Glaser   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

CARBO Ceramics Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CRR    22-May-12    USA    140781105    Annual    26-Mar-12

 

CUSIP: 140781105    ISIN: US1407811058    SEDOL: 2238821

CARBO Ceramics Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sigmund L. Cornelius   Mgmt   For   For
Elect Director James B. Jennings   Mgmt   For   For
Elect Director Gary A. Kolstad   Mgmt   For   For
Elect Director H. E. Lentz, Jr.   Mgmt   For   For
Elect Director Randy L. Limbacher   Mgmt   For   For
Elect Director William C. Morris   Mgmt   For   For
Elect Director Robert S. Rubin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cymer, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CYMI    22-May-12    USA    232572107    Annual    26-Mar-12

 

CUSIP: 232572107    ISIN: US2325721072    SEDOL: 2192284

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles J. Abbe   Mgmt   For   For
Elect Director Robert P. Akins   Mgmt   For   For
Elect Director Edward H. Braun   Mgmt   For   For
Elect Director Michael R. Gaulke   Mgmt   For   For
Elect Director William G. Oldham   Mgmt   For   For
Elect Director Eric M. Ruttenberg   Mgmt   For   For
Elect Director Peter J. Simone   Mgmt   For   For
Elect Director Young K. Sohn   Mgmt   For   For
Elect Director Jon D. Tompkins   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cymer, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Genesee & Wyoming Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GWR    22-May-12    USA    371559105    Annual    02-Apr-12

 

CUSIP: 371559105    ISIN: US3715591059    SEDOL: 2374060

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard H. Allert   Mgmt   For   For
Elect Director Michael Norkus   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Merck & Co., Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRK    22-May-12    USA    58933Y105    Annual    23-Mar-12

 

CUSIP: 58933Y105    ISIN: US58933Y1055    SEDOL: 2778844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leslie A. Brun   Mgmt   For   For
Elect Director Thomas R. Cech   Mgmt   For   For
Elect Director Kenneth C. Frazier   Mgmt   For   For
Elect Director Thomas H. Glocer   Mgmt   For   For
Elect Director William B. Harrison Jr.   Mgmt   For   For
Elect Director C. Robert Kidder   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director Carlos E. Represas   Mgmt   For   For

Merck & Co., Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patricia F. Russo   Mgmt   For   For
Elect Director Craig B. Thompson   Mgmt   For   For
Elect Director Wendell P. Weeks   Mgmt   For   For
Elect Director Peter C. Wendell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Amend Bylaws — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Report on Charitable and Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. This proposal does not provide shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

MFA Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFA    22-May-12    USA    55272X102    Annual    26-Mar-12

 

CUSIP: 55272X102    ISIN: US55272X1028    SEDOL: 2418162

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael L. Dahir   Mgmt   For   For
Elect Director Robin Josephs   Mgmt   For   For
Elect Director George H. Krauss   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Navigant Consulting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCI    22-May-12    USA    63935N107    Annual    26-Mar-12

 

CUSIP: 63935N107    ISIN: US63935N1072    SEDOL: 2564797

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Gildehaus   Mgmt   For   For
Elect Director Cynthia A. Glassman   Mgmt   For   For
Elect Director Peter B. Pond   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s reasoning, the board of directors has shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ODFL    22-May-12    USA    679580100    Annual    16-Mar-12

 

CUSIP: 679580100    ISIN: US6795801009    SEDOL: 2656423

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Earl E. Congdon   Mgmt   For   For
Elect Director David S. Congdon   Mgmt   For   For
Elect Director John R. Congdon   Mgmt   For   For
Elect Director J. Paul Breitbach   Mgmt   For   For
Elect Director John R. Congdon, Jr.   Mgmt   For   For
Elect Director Robert G. Culp, III   Mgmt   For   For
Elect Director John D. Kasarda   Mgmt   For   For
Elect Director Leo H. Suggs   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Michael Wray   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: The board of directors have shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Omnicell, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OMCL    22-May-12    USA    68213N109    Annual    29-Mar-12

 

CUSIP: 68213N109    ISIN: US68213N1090    SEDOL: 2789523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall A. Lipps   Mgmt   For   For
Elect Director Joseph E. Whitters   Mgmt   For   For
Elect Director Vance B. Moore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Royal Dutch Shell plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDSB    22-May-12    United Kingdom    G7690A118    Annual    18-May-12

 

CUSIP: G7690A118    ISIN: GB00B03MM408    SEDOL: B03MM40

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Royal Dutch Shell plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Sir Nigel Sheinwald as Director   Mgmt   For   For
Re-elect Josef Ackermann as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Simon Henry as Director   Mgmt   For   For
Re-elect Charles Holliday as Director   Mgmt   For   For
Re-elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Jorma Ollila as Director   Mgmt   For   For
Re-elect Linda Stuntz as Director   Mgmt   For   For
Re-elect Jeroen van der Veer as Director   Mgmt   For   For
Re-elect Peter Voser as Director   Mgmt   For   For
Re-elect Hans Wijers as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For

Societe Generale

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLE    22-May-12    France    F43638141    Annual/Special    16-May-12

 

CUSIP: F43638141    ISIN: FR0000130809    SEDOL: 5966516

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and and Absence of Dividends   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Non Compete Agreement with Frederic Oudea   Mgmt   For   Against
Policy Rationale: TDAM opposes this proposal as Frédéric Oudéa is entitled to receive his indemnity compensating the non-compete agreement (duration and indemnification of which are extended to 18 months) while simultaneously receiving his indemnity compensating the loss of the additional pension scheme from which he previously benefited (a gross amount of EUR 300,000 per year).
Reelect Michel Cicurel as Director   Mgmt   For   For
Reelect Nathalie Rachou as Director   Mgmt   For   For
Elect Yann Delabriere as Director   Mgmt   For   For
Elect Thierry Martel as Director   Mgmt   For   For
Appoint Ernst and Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Deloitte et Associes as Auditor   Mgmt   For   For
Appoint Picarle et Associes as Alternate Auditor   Mgmt   For   For
Appoint Beas as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 5 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 485 Million; and/or Capitalization of Reserves of up to EUR 550 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 145 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 2 Billion   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, potential dilution is at least 10.24%
Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Performance Condition for Restricted Share Plan Adopted on Novembre 2, 2010   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction

Approve Reduction in Share Capital via Cancellation of Repurchased Shares

   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Shareholder Proposal   Mgmt    
Adopt Two-Tiered Board Structure   SH   Against   For
Voter Rationale: In line with ISS’s reasoning, this proposal is consistent with corporate governance best practices.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Southwestern Energy Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWN    22-May-12    USA    845467109    Annual    30-Mar-12

 

CUSIP: 845467109    ISIN: US8454671095    SEDOL: 2828619

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lewis E. Epley, Jr.   Mgmt   For   For
Elect Director Robert L. Howard   Mgmt   For   For
Elect Director Catherine A. Kehr   Mgmt   For   For
Elect Director Greg D. Kerley   Mgmt   For   For
Elect Director Harold M. Korell   Mgmt   For   For
Elect Director Vello A. Kuuskraa   Mgmt   For   For
Elect Director Kenneth R. Mourton   Mgmt   For   For
Elect Director Steven L. Mueller   Mgmt   For   For
Elect Director Charles E. Scharlau   Mgmt   For   For
Elect Director Alan H. Stevens   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation programs and policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

The Allstate Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALL    22-May-12    USA    020002101    Annual    23-Mar-12

 

CUSIP: 020002101    ISIN: US0200021014    SEDOL: 2019952

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Robert D. Beyer   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Jack M. Greenberg   Mgmt   For   For
Elect Director Ronald T. LeMay   Mgmt   For   For
Elect Director Andrea Redmond   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Elect Director John W. Rowe   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Judith A. Sprieser   Mgmt   For   For
Elect Director Mary Alice Taylor   Mgmt   For   For
Elect Director Thomas J. Wilson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with management and ISS reasoning, this proposal will increase shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Amgen Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMGN    23-May-12    USA    031162100    Annual    26-Mar-12

 

CUSIP: 031162100    ISIN: US0311621009    SEDOL: 2023607

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Baltimore   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 59.5 percent of votes cast at the 2009 AGM. Following this, the board adopted an amendment to the bylaws, which also includes certain problematic clauses designed to prevent such meetings, giving the holders of 15 percent of the company’s outstanding common stock the right to call a special meeting. To date, the company has taken no further action to fully implement the majority supported resolution. Accordingly, TDAM will oppose the members of the board’s and Governance and Nominating Committee.
Elect Director Frank J. Biondi, Jr.   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Francois De Carbonnel   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vance D. Coffman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rebecca M. Henderson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Frank C. Herringer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Tyler Jacks   Mgmt   For   For
Elect Director Gilbert S. Omenn   Mgmt   For   For
Elect Director Judith C. Pelham   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Elect Director Leonard D. Schaeffer   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this item as the board has appointed an independent lead director and has a corporate governance/nomination committee composed entirely of independent directors.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Limit CEO to Serving on only One Other Board   SH   Against   Against
Voter Rationale: The company’s current policy on this issue effectively addresses the shareholder’s concerns. The company’s current policy does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AvalonBay Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AVB    23-May-12    USA    053484101    Annual    09-Mar-12

 

CUSIP: 053484101    ISIN: US0534841012    SEDOL: 2131179

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bryce Blair   Mgmt   For   For
Elect Director Alan B. Buckelew   Mgmt   For   For
Elect Director Bruce A. Choate   Mgmt   For   For
Elect Director John J. Healy, Jr.   Mgmt   For   For
Elect Director Timothy J. Naughton   Mgmt   For   For
Elect Director Lance R. Primis   Mgmt   For   For
Elect Director Peter S. Rummell   Mgmt   For   For
Elect Director H. Jay Sarles   Mgmt   For   For
Elect Director W. Edward Walter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

AvalonBay Communities, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM supports this proposal in light of the benefit to shareholders of more comprehensive disclosure of company sustainability-related metrics and goals.

BNP Paribas SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BNP    23-May-12    France    F1058Q238    Annual/Special    17-May-12

 

CUSIP: F1058Q238    ISIN: FR0000131104    SEDOL: 7309681

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Renew Appointments of Deloitte & Associes as Auditor and Beas as Alternate Auditor   Mgmt   For   For
Renew Appointments of Mazars as Auditor and Michel Barbet Massin as Alternate Auditor   Mgmt   For   For
Renew Appointment of PricewaterhouseCoopers as Auditors and Elect Anik Chaumartin as Alternate Auditor   Mgmt   For   For
Reelect Denis Kessler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Reelect Laurence Parisot as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Elect Pierre Andre de Chalendar as Director   Mgmt   For   For
Extraordinary Business   Mgmt    

BNP Paribas SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 350 Million   Mgmt   For   For
Authorize Capital Increase of Up to EUR 350 Million for Future Exchange Offers   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 14 to 16 at EUR 350 Million   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 13 to 16 at EUR 1 Billion   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Kraft Foods Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KFT    23-May-12    USA    50075N104    Annual    15-Mar-12

 

CUSIP: 50075N104    ISIN: US50075N1046    SEDOL: 2764296

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Myra M. Hart   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 53.1 percent of votes cast at the 2010 AGM. The board did not take action to adopt written consent and has yet to implement this resolution. Accordingly, TDAM will opose the elections of Hart, Henry, Juliber, and Boxmeer, who serve on the Nominating and Governance committee of the board.
Elect Director Peter B. Henry   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Kraft Foods Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lois D. Juliber   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mark D. Ketchum   Mgmt   For   For
Elect Director Terry J. Lundgren   Mgmt   For   For
Elect Director Mackey J. McDonald   Mgmt   For   For
Elect Director Jorge S. Mesquita   Mgmt   For   For
Elect Director John C. Pope   Mgmt   For   For
Elect Director Fredric G. Reynolds   Mgmt   For   For
Elect Director Irene B. Rosenfeld   Mgmt   For   For
Elect Director Jean-François M.L. van Boxmeer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Voter Rationale: This is a routine resolution which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Supply Chain and Deforestation   SH   Against   For
Voter Rationale: The company currently does not provide adequate disclosure on the impact of its soya, beef, and sugar purchasing on deforestation risk. Additional disclosure would provide shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Adopting Extended Producer Responsibility Policy   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because shareholders would benefit from additional information regarding the company’s current packaging reduction and recycling initiatives.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Southern Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SO    23-May-12    USA    842587107    Annual    26-Mar-12

 

CUSIP: 842587107    ISIN: US8425871071    SEDOL: 2829601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Juanita Powell Baranco   Mgmt   For   For
Elect Director Jon A. Boscia   Mgmt   For   For
Elect Director Henry A. Clark, III   Mgmt   For   For
Elect Director Thomas A. Fanning   Mgmt   For   For
Elect Director H. William Habermeyer, Jr.   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Warren A. Hood, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Dale E. Klein   Mgmt   For   For
Elect Director William G. Smith, Jr.   Mgmt   For   For
Elect Director Steven R. Specker   Mgmt   For   For
Elect Director Larry D. Thompson   Mgmt   For   For
Elect Director E. Jenner Wood, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Coal Combustion Waste Hazard and Risk Mitigation Efforts   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted in light of the benefit of increased company disclosure in enabling shareholders to assess the company’s coal combustion waste management and disposal practices, and the potential impacts of anticipated governmental regulation.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Thermo Fisher Scientific Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TMO    23-May-12    USA    883556102    Annual    26-Mar-12

 

CUSIP: 883556102    ISIN: US8835561023    SEDOL: 2886907

Thermo Fisher Scientific Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director Judy C. Lewent   Mgmt   For   For
Elect Director Jim P. Manzi   Mgmt   For   For
Elect Director Lars R. Sorensen   Mgmt   For   For
Elect Director Elaine S. Ullian   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Westlake Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WLK    23-May-12    USA    960413102    Annual    05-Apr-12

 

CUSIP: 960413102    ISIN: US9604131022    SEDOL: B01ZP20

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James Chao   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alexander’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALX    24-May-12    USA    014752109    Annual    30-Mar-12

 

CUSIP: 014752109    ISIN: US0147521092    SEDOL: 2014021

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Mandelbaum   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Arthur I. Sonnenblick   Mgmt   For   For
Elect Director Richard R. West   Mgmt   For   For

Alexander’s, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Amazon.com, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMZN    24-May-12    USA    023135106    Annual    02-Apr-12

 

CUSIP: 023135106    ISIN: US0231351067    SEDOL: 2000019

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey P. Bezos   Mgmt   For   For
Elect Director Tom A. Alberg   Mgmt   For   For
Elect Director John Seely Brown   Mgmt   For   For
Elect Director William B. Gordon   Mgmt   For   For
Elect Director Jamie S. Gorelick   Mgmt   For   For
Elect Director Blake G. Krikorian   Mgmt   For   For
Elect Director Alain Monie   Mgmt   For   For
Elect Director Jonathan J. Rubinstein   Mgmt   For   For
Elect Director Thomas O. Ryder   Mgmt   For   For
Elect Director Patricia Q. Stonesifer   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Report on Climate Change   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as shareholders could benefit from more detailed disclosure on the company’s overall climate change strategies and initiatives, which may add strategic and reputational value given the potential shifts in the regulatory environment, interpretive guidance from the SEC on climate change disclosure, and the trend towards corporate adoption and disclosure of climate change strategies.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Cash America International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSH    24-May-12    USA    14754D100    Annual    27-Mar-12

 

CUSIP: 14754D100    ISIN: US14754D1000    SEDOL: 2179425

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Daniel E. Berce   Mgmt   For   For
Elect Director Jack R. Daugherty   Mgmt   For   For
Elect Director Daniel R. Feehan   Mgmt   For   For
Elect Director Albert Goldstein   Mgmt   For   For
Elect Director James H. Graves   Mgmt   For   For
Elect Director B.d. Hunter   Mgmt   For   For
Elect Director Timothy J. McKibben   Mgmt   For   For
Elect Director Alfred M. Micallef   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

Deckers Outdoor Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DECK    24-May-12    USA    243537107    Annual    04-Apr-12

 

CUSIP: 243537107    ISIN: US2435371073    SEDOL: 2267278

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angel R. Martinez   Mgmt   For   For
Elect Director Rex A. Licklider   Mgmt   For   For
Elect Director John M. Gibbons   Mgmt   For   For
Elect Director John G. Perenchio   Mgmt   For   For
Elect Director Maureen Conners   Mgmt   For   For
Elect Director Karyn O. Barsa   Mgmt   For   For
Elect Director Michael F. Devine, III   Mgmt   For   For
Elect Director James Quinn   Mgmt   For   For

Deckers Outdoor Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lauri Shanahan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Deltek, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PROJ    24-May-12    USA    24784L105    Annual    02-Apr-12

 

CUSIP: 24784L105    ISIN: US24784L1052    SEDOL: B28PX89

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Edward R. Grubb   Mgmt   For   For
Elect Director Joseph M. Kampf   Mgmt   For   For
Elect Director Steven B. Klinsky   Mgmt   For   For
Elect Director Thomas M. Manley   Mgmt   For   For
Elect Director Albert A. Notini   Mgmt   For   For
Elect Director Kevin T. Parker   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Janet R. Perna   Mgmt   For   For
Elect Director Alok Singh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Deutsche Telekom AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DTE    24-May-12    Germany    D2035M136    Annual   

 

CUSIP: D2035M136    ISIN: DE0005557508    SEDOL: 5842359

Deutsche Telekom AG

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.70 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Former Supervisory Board Member Klaus Zumwinkel for Fiscal 2008   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Elect Hans Bernhard Beus to the Supervisory Board   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Dagmar Kollmann to the Supervisory Board   Mgmt   For   For
Elect Lawrence Guffey to the Supervisory Board   Mgmt   For   For
Approve Affiliation Agreements with Subsidiary Scout24 Holding GmbH   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1.1   Mgmt   For   For

Drew Industries Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DW    24-May-12    USA    26168L205    Annual    28-Mar-12

 

CUSIP: 26168L205    ISIN: US26168L2051    SEDOL: 2280695

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward W. Rose, III   Mgmt   For   For
Elect Director Leigh J. Abrams   Mgmt   For   For
Elect Director Fredric M. Zinn   Mgmt   For   For
Elect Director James F. Gero   Mgmt   For   For
Elect Director Frederick B. Hegi, Jr.   Mgmt   For   For

Drew Industries Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Reed   Mgmt   For   For
Elect Director John B. Lowe, Jr.   Mgmt   For   For
Elect Director Jason D. Lippert   Mgmt   For   For
Elect Director Brendan J. Deely   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Endeavour International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
END    24-May-12    USA    29259G200    Annual    30-Mar-12

 

CUSIP: 29259G200    ISIN: US29259G2003    SEDOL: 2955409

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Nancy K. Quinn   Mgmt   For   For
Elect Director John N. Seitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Hecla Mining Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HL    24-May-12    USA    422704106    Annual    23-Mar-12

 

CUSIP: 422704106    ISIN: US4227041062    SEDOL: 2418601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George R. Nethercutt Jr   Mgmt   For   For
Elect Director John H. Bowles   Mgmt   For   For

Hecla Mining Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Restricted Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

HFF, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HF    24-May-12    USA    40418F108    Annual    13-Apr-12

 

CUSIP: 40418F108    ISIN: US40418F1084    SEDOL: B1Q1RT1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan P. McGalla   Mgmt   For   For
Elect Director Lenore M. Sullivan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

McDonald’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCD    24-May-12    USA    580135101    Annual    27-Mar-12

 

CUSIP: 580135101    ISIN: US5801351017    SEDOL: 2550707

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Eckert   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Jeanne P. Jackson   Mgmt   For   For
Elect Director Andrew J. Mckenna   Mgmt   For   For
Elect Director Donald Thompson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

McDonald’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Omnibus Stock Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Policy Responses to Children’s Health Concerns and Fast Food   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Mid-America Apartment Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MAA    24-May-12    USA    59522J103    Annual    16-Mar-12

 

CUSIP: 59522J103    ISIN: US59522J1034    SEDOL: 2589132

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Eric Bolton, Jr.   Mgmt   For   For
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John S. Grinalds   Mgmt   For   For
Elect Director Ralph Horn   Mgmt   For   For
Elect Director Philip W. Norwood   Mgmt   For   For
Elect Director W. Reid Sanders   Mgmt   For   For
Elect Director William B. Sansom   Mgmt   For   For
Elect Director Gary Shorb   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

National Retail Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NNN    24-May-12    USA    637417106    Annual    26-Mar-12

 

CUSIP: 637417106    ISIN: US6374171063    SEDOL: 2211811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Don DeFosset   Mgmt   For   For
Elect Director David M. Fick   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director Kevin B. Habicht   Mgmt   For   For
Elect Director Richard B. Jennings   Mgmt   For   For
Elect Director Ted B. Lanier   Mgmt   For   For
Elect Director Robert C. Legler   Mgmt   For   For
Elect Director Craig Macnab   Mgmt   For   For
Elect Director Robert Martinez   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RRGB    24-May-12    USA    75689M101    Annual    26-Mar-12

 

CUSIP: 75689M101    ISIN: US75689M1018    SEDOL: 2966144

 

  Proponent   Mgmt Rec   Vote Instruction
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Elect Director Robert B. Aiken   Mgmt   For   For
Elect Director Richard J. Howell   Mgmt   For   For
Elect Director James T. Rothe   Mgmt   For   For
Elect Director J. Taylor Simonton   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GS    24-May-12    USA    38141G104    Annual    26-Mar-12

 

CUSIP: 38141G104    ISIN: US38141G1040    SEDOL: 2407966

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lloyd C. Blankfein   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Gary D. Cohn   Mgmt   For   For
Elect Director Claes Dahlback   Mgmt   For   For
Elect Director Stephen Friedman   Mgmt   For   For
Elect Director William W. George   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Lakshmi N. Mittal   Mgmt   For   For
Elect Director James J. Schiro   Mgmt   For   For
Elect Director Debora L. Spar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Washington Real Estate Investment Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRE    24-May-12    USA    939653101    Annual    15-Mar-12

 

CUSIP: 939653101    ISIN: US9396531017    SEDOL: 2942304

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles T. Nason   Mgmt   For   For
Elect Director Thomas Edgie Russell, III   Mgmt   For   For
Elect Director Anthony L. Winns   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Xerox Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XRX    24-May-12    USA    984121103    Annual    26-Mar-12

 

CUSIP: 984121103    ISIN: US9841211033    SEDOL: 2985202

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Ursula M. Burns   Mgmt   For   For
Elect Director Richard J. Harrington   Mgmt   For   For
Elect Director William Curt Hunter   Mgmt   For   For
Elect Director Robert J. Keegan   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Elect Director Sara Martinez Tucker   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

HSBC Holdings plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HSBA    25-May-12    United Kingdom    G4634U169    Annual    24-May-12

 

CUSIP: G4634U169    ISIN: GB0005405286    SEDOL: 0540528

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Safra Catz as Director   Mgmt   For   For
Re-elect Laura Cha as Director   Mgmt   For   For
Re-elect Marvin Cheung as Director   Mgmt   For   For
Re-elect John Coombe as Director   Mgmt   For   For
Elect Joachim Faber as Director   Mgmt   For   For
Re-elect Rona Fairhead as Director   Mgmt   For   For
Re-elect Douglas Flint as Director   Mgmt   For   For
Re-elect Alexander Flockhart as Director   Mgmt   For   For
Re-elect Stuart Gulliver as Director   Mgmt   For   For
Re-elect James Hughes-Hallett as Director   Mgmt   For   For
Re-elect William Laidlaw as Director   Mgmt   For   For
Elect John Lipsky as Director   Mgmt   For   For
Re-elect Janis Lomax as Director   Mgmt   For   For
Re-elect Iain Mackay as Director   Mgmt   For   For
Re-elect Nagavara Murthy as Director   Mgmt   For   For
Re-elect Sir Simon Robertson as Director   Mgmt   For   For
Re-elect John Thornton as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Scrip Dividend Program   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Hutchison Whampoa Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
00013    25-May-12    Hong Kong    Y38024108    Annual    21-May-12

 

CUSIP: Y38024108    ISIN: HK0013000119    SEDOL: 6448068

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reelect Li Ka-shing as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Chow Woo Mo Fong, Susan as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Lai Kai Ming, Dominic as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Michael David Kadoorie as Director   Mgmt   For   For
Reelect Margaret Leung Ko May Yee as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Appoint Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights   Mgmt   For   Against
Policy Rationale: Many Hong Kong companies have abused share issuance authorities. In the absence of language restricting both discounts and the authority to refresh the share issuance amounts without prior shareholder approval, TDAM opposes this item.
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Reissuance of Repurchased Shares   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the company has not specified discount limits for the issuance of shares without preemptive rights.
Amend Articles of Association   Mgmt   For   For

Watsco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSO    25-May-12    USA    942622200    Annual    05-Apr-12

 

CUSIP: 942622200    ISIN: US9426222009    SEDOL: 2943039

Watsco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barry S. Logan   Mgmt   For   For
Elect Director Aaron J. Nahmad   Mgmt   For   For
Amend Articles of Incorporation Changing the Director Class from A, B and C to I, II and III   Mgmt   For   For
Voter Rationale: This is an administrative matter which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Silgan Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLGN    29-May-12    USA    827048109    Annual    13-Apr-12

 

CUSIP: 827048109    ISIN: US8270481091    SEDOL: 2809324

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anthony J. Allott   Mgmt   For   For
Elect Director Jeffrey C. Crowe   Mgmt   For   For
Elect Director Edward A. Lapekas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BioMed Realty Trust, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMR    30-May-12    USA    09063H107    Annual    13-Mar-12

 

CUSIP: 09063H107    ISIN: US09063H1077    SEDOL: B02GMQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan D. Gold   Mgmt   For   For
Elect Director Barbara R. Cambon   Mgmt   For   For
Elect Director Edward A. Dennis   Mgmt   For   For

BioMed Realty Trust, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard I. Gilchrist   Mgmt   For   For
Elect Director Gary A. Kreitzer   Mgmt   For   For
Elect Director Theodore D. Roth   Mgmt   For   For
Elect Director M. Faye Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVX    30-May-12    USA    166764100    Annual    04-Apr-12

 

CUSIP: 166764100    ISIN: US1667641005    SEDOL: 2838555

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Linnet F. Deily   Mgmt   For   For
Elect Director Robert E. Denham   Mgmt   For   For
Elect Director Chuck Hagel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director George L. Kirkland   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Elect Director Carl Ware   Mgmt   For   For
Elect Director John S. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Remove Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the removal of the exclusive venue provision will increase shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Guidelines for Country Selection   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as Chevron does not disclose policies governing its decision-making process to invest or operate in politically or socially unstable markets, and the company has business ties to countries with histories of political instability and human rights issues.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Accident Risk Reduction Efforts   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evalute this item on a case-by-case basis.

Exxon Mobil Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XOM    30-May-12    USA    30231G102    Annual    04-Apr-12

 

CUSIP: 30231G102    ISIN: US30231G1022    SEDOL: 2326618

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M.J. Boskin   Mgmt   For   For
Elect Director P. Brabeck-Letmathe   Mgmt   For   For
Elect Director L.R. Faulkner   Mgmt   For   For
Elect Director J.S. Fishman   Mgmt   For   For
Elect Director H.H. Fore   Mgmt   For   For
Elect Director K.C. Frazier   Mgmt   For   For
Elect Director W.W. George   Mgmt   For   For
Elect Director S.J. Palmisano   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.W. Tillerson   Mgmt   For   For
Elect Director E.E. Whitacre, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS’s reasoning, as incentives are not adequately linked to performance criteria and compensation policy disclosure lacks pertinent details for shareholders to make an informed decision.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as ExxonMobil does not provide comprehensive goals for its operational GHG emissions or metrics and/or goals for its products. There is potential strategic and reputational value in performing the requested assessments and establishing appropriate GHG reduction goals given the increasing trend towards enhanced and publicly available corporate climate change strategies.

Incyte Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INCY    30-May-12    USA    45337C102    Annual    10-Apr-12

 

CUSIP: 45337C102    ISIN: US45337C1027    SEDOL: 2471950

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard U. De Schutter   Mgmt   For   For
Elect Director Barry M. Ariko   Mgmt   For   For
Elect Director Julian C. Baker   Mgmt   For   For
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Wendy L. Dixon   Mgmt   For   For
Elect Director Paul A. Friedman   Mgmt   For   For
Elect Director Roy A. Whitfield   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Mentor Graphics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MENT    30-May-12    USA    587200106    Annual    09-Apr-12

 

CUSIP: 587200106    ISIN: US5872001061    SEDOL: 2578033

Mentor Graphics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith L. Barnes   Mgmt   For   For
Elect Director Peter L. Bonfield   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Gregory K. Hinckley   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director J. Daniel McCranie   Mgmt   For   For
Elect Director Kevin C. McDonough   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Patrick B. McManus   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Walden C. Rhines   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director David S. Schechter   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Post Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPS    30-May-12    USA    737464107    Annual    28-Mar-12

 

CUSIP: 737464107    ISIN: US7374641071    SEDOL: 2705262

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Goddard, III   Mgmt   For   For
Elect Director David P. Stockert   Mgmt   For   For
Elect Director Herschel M. Bloom   Mgmt   For   For
Elect Director Walter M. Deriso, Jr.   Mgmt   For   For

Post Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Russell R. French   Mgmt   For   For
Elect Director Dale Anne Reiss   Mgmt   For   For
Elect Director Stella F. Thayer   Mgmt   For   For
Elect Director Ronald de Waal   Mgmt   For   For
Elect Director Donald C. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Riverbed Technology, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RVBD    30-May-12    USA    768573107    Annual    02-Apr-12

 

CUSIP: 768573107    ISIN: US7685731074    SEDOL: B1FH886

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael Boustridge   Mgmt   For   For
Elect Director Jerry M. Kennelly   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Saks Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKS    30-May-12    USA    79377W108    Annual    03-Apr-12

 

CUSIP: 79377W108    ISIN: US79377W1080    SEDOL: 2704786

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert B. Carter   Mgmt   For   For
Elect Director Michael S. Gross   Mgmt   For   For
Elect Director Donald E. Hess   Mgmt   For   For

Saks Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marguerite W. Kondracke   Mgmt   For   For
Elect Director Jerry W. Levin   Mgmt   For   For
Elect Director Nora P. McAniff   Mgmt   For   For
Elect Director Stephen I. Sadove   Mgmt   For   For
Elect Director Jack L. Stahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

Comcast Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CMCSA    31-May-12    USA    20030N101    Annual    22-Mar-12

 

CUSIP: 20030N101    ISIN: US20030N1019    SEDOL: 2044545

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth J. Bacon   Mgmt   For   For
Elect Director Sheldon M. Bonovitz   Mgmt   For   For
Elect Director Joseph J. Collins   Mgmt   For   For
Elect Director J. Michael Cook   Mgmt   For   For
Elect Director Gerald L. Hassell   Mgmt   For   For
Elect Director Jeffrey A. Honickman   Mgmt   For   For
Elect Director Eduardo G. Mestre   Mgmt   For   For
Elect Director Brian L. Roberts   Mgmt   For   For
Elect Director Ralph J. Roberts   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Comcast Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Restore or Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share ownership and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote   SH   Against   For
Policy Rationale: TDAM supports this proposal because shareholders should have the right to opine on and/or remove the company’s poison pill and approve any future pill.

Deutsche Bank AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DBK    31-May-12    Germany    D18190898    Annual   

 

CUSIP: D18190898    ISIN: DE0005140008    SEDOL: 5750355

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.75 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Deutsche Bank AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Peter Loescher to the Supervisory Board   Mgmt   For   For
Elect Klaus Ruediger Truetzschler to the Supervisory Board   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 9 Billion; Approve Creation of EUR 230.4 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis

Healthways, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HWAY    31-May-12    USA    422245100    Annual    04-Apr-12

 

CUSIP: 422245100    ISIN: US4222451001    SEDOL: 2026059

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin G. Wills   Mgmt   For   For
Elect Director Jay C. Bisgard   Mgmt   For   For
Elect Director Mary Jane England   Mgmt   For   For
Elect Director John A. Wickens   Mgmt   For   For
Elect Director William D. Novelli   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Molycorp Inc (DE)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCP    31-May-12    USA    608753109    Annual    03-Apr-12

 

CUSIP: 608753109    ISIN: US6087531090    SEDOL: B458HM7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brian T. Dolan   Mgmt   For   For
Elect Director John Graell   Mgmt   For   For
Elect Director Mark A. Smith   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ulta Salon, Cosmetics & Fragrance, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULTA    31-May-12    USA    90384S303    Annual    02-Apr-12

 

CUSIP: 90384S303    ISIN: US90384S3031    SEDOL: B28TS42

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert F. DiRomualdo   Mgmt   For   For
Elect Director Catherine A. Halligan   Mgmt   For   For
Elect Director Lorna E. Nagler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

United Online, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNTD    31-May-12    USA    911268100    Annual    04-Apr-12

 

CUSIP: 911268100    ISIN: US9112681005    SEDOL: 2801126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James T. Armstrong   Mgmt   For   For

United Online, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis Holt   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. No pay-for-performance disconnected noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Titan Machinery Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TITN    01-Jun-12    USA    88830R101    Annual    06-Apr-12

 

CUSIP: 88830R101    ISIN: US88830R1014    SEDOL: B29H3T5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Christianson   Mgmt   For   For
Elect Director James Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Vulcan Materials Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VMC    01-Jun-12    USA    929160109    Proxy Contest    20-Apr-12

 

CUSIP: 929160109    ISIN: US9291601097    SEDOL: 2931205

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proxy (White Card)   Mgmt    

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Phillip W. Farmer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the declassification of the board received the support of 65 percent of votes cast at the previous AGM. To date, the board has not implemented the majority supported resolution. Consequently, TDAM would normally oppose the elections of Farmer, Korologos, Prokopanko, and Rice, as they serve on the Governance committee of the board. However, given the classified board structure, only two of these directors are proposed for election at this year’s annual meeting.
Elect Director H. Allen Franklin   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director Donald B. Rice   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.
Dissident Proxy (Blue Card)   Mgmt    
Elect Director Philip R. Lochner, Jr   SH   For   Do Not Vote
Policy Rationale: Dissident Proxy Items 1.1-6: The Delaware Chancery Court ruled on May 4th ruled that Martin Marietta could not proceed with its exchange offer or its proxy contest. Votes cast on the Dissident’s Blue proxy card may not be counted.
Elect Director Edward W. Moneypenny   SH   For   Do Not Vote
Elect Director Karen R. Osar   SH   For   Do Not Vote
Elect Director V. James Sardo   SH   For   Do Not Vote
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   None   Do Not Vote
Ratify Auditors   Mgmt   None   Do Not Vote
Require a Majority Vote for the Election of Directors   SH   None   Do Not Vote
Declassify the Board of Directors   SH   None   Do Not Vote

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Reduce Supermajority Vote Requirement   SH   None   Do Not Vote

Wal-Mart Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WMT    01-Jun-12    USA    931142103    Annual    04-Apr-12

 

CUSIP: 931142103    ISIN: US9311421039    SEDOL: 2936921

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aida M. Alvarez   Mgmt   For   For
Elect Director James W. Breyer   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Roger C. Corbett   Mgmt   For   For
Elect Director Douglas N. Daft   Mgmt   For   For
Elect Director Michael T. Duke   Mgmt   For   For
Elect Director Marissa A. Mayer   Mgmt   For   For
Elect Director Gregory B. Penner   Mgmt   For   For
Elect Director Steven S. Reinemund   Mgmt   For   For
Elect Director H. Lee Scott, Jr.   Mgmt   For   For
Elect Director Arne M. Sorenson   Mgmt   For   For
Elect Director Jim C. Walton   Mgmt   For   For
Elect Director S. Robson Walton   Mgmt   For   For
Elect Director Christopher J. Williams   Mgmt   For   For
Elect Director Linda S. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Wal-Mart Stores, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Request Director Nominee with Patient Safety and Healthcare Quality Experience   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Performance-Based Equity Awards   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation policies effectively align executive performance with shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Catalyst Health Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHSI    04-Jun-12    USA    14888B103    Annual    09-Apr-12

 

CUSIP: 14888B103    ISIN: US14888B1035    SEDOL: 2507781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven B. Epstein   Mgmt   For   For
Elect Director Michael R. McDonnell   Mgmt   For   For
Elect Director Dale B. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crocs, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CROX    04-Jun-12    USA    227046109    Annual    09-Apr-12

 

CUSIP: 227046109    ISIN: US2270461096    SEDOL: B0T7Z62

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Frasch   Mgmt   For   For
Elect Director W. Stephen Cannon   Mgmt   For   For

Crocs, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

UnitedHealth Group Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNH    04-Jun-12    USA    91324P102    Annual    05-Apr-12

 

CUSIP: 91324P102    ISIN: US91324P1021    SEDOL: 2917766

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Ballard, Jr.   Mgmt   For   For
Elect Director Richard T. Burke   Mgmt   For   For
Elect Director Robert J. Darretta   Mgmt   For   For
Elect Director Stephen J. Hemsley   Mgmt   For   For
Elect Director Michele J. Hooper   Mgmt   For   For
Elect Director Rodger A. Lawson   Mgmt   For   For
Elect Director Douglas W. Leatherdale   Mgmt   For   For
Elect Director Glenn M. Renwick   Mgmt   For   For
Elect Director Kenneth I. Shine   Mgmt   For   For
Elect Director Gail R. Wilensky   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AboveNet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABVT    05-Jun-12    USA    00374N107    Special    30-Apr-12

 

CUSIP: 00374N107    ISIN: US00374N1072    SEDOL: 2810393

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.
Advisory Vote on Golden Parachutes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it offends TDAM’s proxy policy regarding excessive Golden Parachutes.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.

Epiq Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPIQ    05-Jun-12    USA    26882D109    Annual    02-Apr-12

 

CUSIP: 26882D109    ISIN: US26882D1090    SEDOL: 2371339

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tom W. Olofson   Mgmt   For   For
Elect Director Christopher E. Olofson   Mgmt   For   For
Elect Director W. Bryan Satterlee   Mgmt   For   For
Elect Director Edward M. Connolly, Jr.   Mgmt   For   For
Elect Director James A. Byrnes   Mgmt   For   For
Elect Director Joel Pelofsky   Mgmt   For   For
Elect Director Charles C. Connely, IV   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Epiq Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. The granting of options is related to specified performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

France Telecom

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTE    05-Jun-12    France    F4113C103    Annual/Special    30-May-12

 

CUSIP: F4113C103    ISIN: FR0000133308    SEDOL: 5176177

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Management Proposals   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.40 per Share   Mgmt   For   For
Employee Shareholders Proposals   Mgmt    
Amendment to Item 3 Above: Approve Dividends of EUR 1 (instead of EUR 1.40) per Share   SH   Against   Against
Voter Rationale: A vote agains this shareholder proposal is warranted, as it adversely impacts shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Management Proposals   Mgmt    
Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of Transactions   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Jose Luis Duran as Director   Mgmt   For   For
Reelect Charles Henri Filippi as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Ratify Change of Registered Office to 78, Rue Olivier de Serres, 75015 Paris   Mgmt   For   For

France Telecom

 

  Proponent   Mgmt Rec   Vote Instruction
Extraordinary Business   Mgmt    
Amend Article 9 of Bylaws Re: Shareholding Disclosure Requirements   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as this amendment would require shorter notices, which would unnecessarily increase the burden of the notification process for shareholders.
Remove Paragraphs 3 and 4 of Article 16 Re: Board Powers   Mgmt   For   For
Amend Article 21 of Bylaws Re: Proxy Voting, Electronic Vote, Convening of General Meeting, Shareholders Proposals   Mgmt   For   For
Authorize Capital Increase of up to EUR 25 Million to Holders of Orange SA Stock Options or Shares in Connection with France Telecom Liquidity Agreement   Mgmt   For   For
Authorize up to EUR 250,000 for Issuance of Free Option- Based Liquidity Instruments Reserved for Holders of Orange SA Stock Options Benefiting from a Liquidity Agreement   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

IPG Photonics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IPGP    05-Jun-12    USA    44980X109    Annual    09-Apr-12

 

CUSIP: 44980X109    ISIN: US44980X1090    SEDOL: 2698782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Valentin P. Gapontsev   Mgmt   For   For
Elect Director Eugene Scherbakov   Mgmt   For   For
Elect Director Igor Samartsev   Mgmt   For   For
Elect Director Robert A. Blair   Mgmt   For   For
Elect Director Michael C. Child   Mgmt   For   For
Elect Director Michael R. Kampfe   Mgmt   For   For
Elect Director Henry E. Gauthier   Mgmt   For   For

IPG Photonics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Hurley   Mgmt   For   For
Elect Director William F. Krupke   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

MasterCard Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MA    05-Jun-12    USA    57636Q104    Annual    10-Apr-12

 

CUSIP: 57636Q104    ISIN: US57636Q1040    SEDOL: B121557

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ajay Banga   Mgmt   For   For
Elect Director David R. Carlucci   Mgmt   For   For
Elect Director Steven J. Freiberg   Mgmt   For   For
Elect Director Richard Haythornthwaite   Mgmt   For   For
Elect Director Marc Olivie   Mgmt   For   For
Elect Director Rima Qureshi   Mgmt   For   For
Elect Director Mark Schwartz   Mgmt   For   For
Elect Director Jackson P. Tai   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Ratify Auditors   Mgmt   For   For

Cabela’s Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAB    06-Jun-12    USA    126804301    Annual    09-Apr-12

 

CUSIP: 126804301    ISIN: US1268043015    SEDOL: B00N2Z7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Theodore M. Armstrong   Mgmt   For   For
Elect Director Richard N. Cabela   Mgmt   For   For
Elect Director James W. Cabela   Mgmt   For   For
Elect Director John H. Edmondson   Mgmt   For   For
Elect Director John Gottschalk   Mgmt   For   For
Elect Director Dennis Highby   Mgmt   For   For
Elect Director Reuben Mark   Mgmt   For   For
Elect Director Michael R. McCarthy   Mgmt   For   For
Elect Director Thomas L. Millner   Mgmt   For   For
Elect Director Beth M. Pritchard   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Sauer-Danfoss Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SHS    06-Jun-12    USA    804137107    Annual    17-Apr-12

 

CUSIP: 804137107    ISIN: US8041371076    SEDOL: 2245070

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Niels B. Christiansen   Mgmt   For   Withhold

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Elect Director Jorgen M. Clausen   Mgmt   For   For
Elect Director Kim Fausing   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard J. Freeland   Mgmt   For   For

Sauer-Danfoss Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Per Have   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director William E. Hoover, Jr.   Mgmt   For   For
Elect Director Johannes F. Kirchhoff   Mgmt   For   For
Elect Director Sven Ruder   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Anders Stahlschmidt   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven H. Wood   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Activision Blizzard, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATVI    07-Jun-12    USA    00507V109    Annual    09-Apr-12

 

CUSIP: 00507V109    ISIN: US00507V1098    SEDOL: 2575818

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe G. H. Capron   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Corti   Mgmt   For   For
Elect Director Frederic R. Crepin   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Lucian Grainge   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Brian G. Kelly   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert A. Kotick   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Activision Blizzard, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jean-Bernard Levy   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Morgado   Mgmt   For   For
Elect Director Stephane Roussel   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard Sarnoff   Mgmt   For   For
Elect Director Regis Turrini   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: TDAM is of the view that the Company has appropriately provided shareholders with comprehensive disclosure, and is satisfied with the process the Board and the Compensation Committee has in place for determining executive compensation.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For

AMERIGROUP Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGP    07-Jun-12    USA    03073T102    Annual    09-Apr-12

 

CUSIP: 03073T102    ISIN: US03073T1025    SEDOL: 2593683

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas E. Capps   Mgmt   For   For
Elect Director Emerson U. Fullwood   Mgmt   For   For
Elect Director William J. Mcbride   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Columbia Sportswear Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COLM    07-Jun-12    USA    198516106    Annual    03-Apr-12

 

CUSIP: 198516106    ISIN: US1985161066    SEDOL: 2229126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gertrude Boyle   Mgmt   For   For
Elect Director Timothy P. Boyle   Mgmt   For   For
Elect Director Sarah A. Bany   Mgmt   For   For
Elect Director Murrey R. Albers   Mgmt   For   For
Elect Director Stephen E. Babson   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Edward S. George   Mgmt   For   For
Elect Director Walter T. Klenz   Mgmt   For   For
Elect Director Ronald E. Nelson   Mgmt   For   For
Elect Director John W. Stanton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Compagnie de Saint Gobain

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGO    07-Jun-12    France    F80343100    Annual/Special    01-Jun-12

 

CUSIP: F80343100    ISIN: FR0000125007    SEDOL: 7380482

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Compagnie de Saint Gobain

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 1.24 per Share   Mgmt   For   For
Approve Transaction with Wendel Re: Principles and Objectives of their Long-Term Partnership   Mgmt   For   For
Approve Transaction with BNP Paribas and Verallia Re: Listing of Verallia Shares   Mgmt   For   For
Elect Jean-Dominique Senard as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Isabelle Bouillot as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bernard Gautier as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Sylvia Jay as Director   Mgmt   For   For
Reelect Frederic Lemoine as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Renew Appointment of KPMG Audit as Auditor   Mgmt   For   For
Renew Appointment of Fabrice Odent as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Authorize up to 0.8 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed.
Authorize Board to Issue Free Warrants with Preemptive Rights During a Public Tender Offer or Share Exchange Offer   Mgmt   For   Against
Policy Rationale: TDAM opposes this form of antitakeover mechanism.
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Cubist Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBST    07-Jun-12    USA    229678107    Annual    09-Apr-12

 

CUSIP: 229678107    ISIN: US2296781071    SEDOL: 2240934

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth Bate   Mgmt   For   For
Elect Director Nancy Hutson   Mgmt   For   For
Elect Director Leon Moulder, Jr.   Mgmt   For   For
Elect Director Martin Soeters   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ingersoll-Rand plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IR    07-Jun-12    Ireland    G47791101    Annual    09-Apr-12

 

CUSIP: G47791101    ISIN: IE00B6330302    SEDOL: B633030

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann C. Berzin   Mgmt   For   For
Elect Director John Bruton   Mgmt   For   For
Elect Director Jared L. Cohon   Mgmt   For   For
Elect Director Gary D. Forsee   Mgmt   For   For
Elect Director Peter C. Godsoe   Mgmt   For   For
Elect Director Edward E. Hagenlocker   Mgmt   For   For
Elect Director Constance J. Horner   Mgmt   For   For
Elect Director Michael W. Lamach   Mgmt   For   For
Elect Director Theodore E. Martin   Mgmt   For   For
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ingersoll-Rand plc

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

InterDigital, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IDCC    07-Jun-12    USA    45867G101    Annual    10-Apr-12

 

CUSIP: 45867G101    ISIN: US45867G1013    SEDOL: 2465737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Steven T. Clontz   Mgmt   For   For
Elect Director Edward B. Kamins   Mgmt   For   For
Elect Director John A. Kritzmacher   Mgmt   For   For
Elect Director William J. Merritt   Mgmt   For   For
Elect Director Jean F. Rankin   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LVS    07-Jun-12    USA    517834107    Annual    13-Apr-12

 

CUSIP: 517834107    ISIN: US5178341070    SEDOL: B02T2J7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jason N. Ader   Mgmt   For   For
Elect Director Michael A. Leven   Mgmt   For   For
Elect Director Jeffrey H. Schwartz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: CEO pay equity mix does not contain performance-based criteria or standards, causing a pay-for- performance misalignment. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Omega Healthcare Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OHI    07-Jun-12    USA    681936100    Annual    09-Apr-12

 

CUSIP: 681936100    ISIN: US6819361006    SEDOL: 2043274

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas F. Franke   Mgmt   For   For
Elect Director Bernard J. Korman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Voting in line with ISS, as significant pay-for-performance disconnect is noted. Specifically, the CEO’s 401.5% compensation increase over 2010 is not in line with company performance over the same period, nor is it consistent with peer-group standards.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Universal Health Realty Income Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UHT    07-Jun-12    USA    91359E105    Annual    09-Apr-12

 

CUSIP: 91359E105    ISIN: US91359E1055    SEDOL: 2927497

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Marc D. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Live Nation Entertainment, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LYV    08-Jun-12    USA    538034109    Annual    18-Apr-12

 

CUSIP: 538034109    ISIN: US5380341090    SEDOL: B0T7YX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Dolan   Mgmt   For   For
Elect Director Ariel Emanuel   Mgmt   For   For
Elect Director Gregory B. Maffei   Mgmt   For   For
Elect Director Randall T. Mays   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    08-Jun-12    USA    911363109    Annual    02-May-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jenne K. Britell   Mgmt   For   For
Elect Director Jose B. Alvarez   Mgmt   For   For
Elect Director Bobby J. Griffin   Mgmt   For   For
Elect Director Michael J. Kneeland   Mgmt   For   For
Elect Director Pierre E. Leroy   Mgmt   For   For
Elect Director Singleton B. McAllister   Mgmt   For   For
Elect Director Brian D. McAuley   Mgmt   For   For
Elect Director John S. McKinney   Mgmt   For   For
Elect Director James H. Ozanne   Mgmt   For   For
Elect Director Jason D. Papastavrou   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Filippo Passerini   Mgmt   For   For
Elect Director Donald C. Roof   Mgmt   For   For
Elect Director Keith Wimbush   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Repeal Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the company’s current exclusive venue provisions limit shareholders’ rights in this regard.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

WORLD FUEL SERVICES CORPORATION

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INT    08-Jun-12    USA    981475106    Annual    02-Apr-12

 

CUSIP: 981475106    ISIN: US9814751064    SEDOL: 2469450

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Kasbar   Mgmt   For   For
Elect Director Paul H. Stebbins   Mgmt   For   For
Elect Director Ken Bakshi   Mgmt   For   For
Elect Director Richard A. Kassar   Mgmt   For   For
Elect Director Myles Klein   Mgmt   For   For
Elect Director Abby F. Kohnstamm   Mgmt   For   For
Elect Director John L. Manley   Mgmt   For   For
Elect Director J. Thomas Presby   Mgmt   For   For
Elect Director Stephen K. Roddenberry   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Caterpillar Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAT    13-Jun-12    USA    149123101    Annual    16-Apr-12

 

CUSIP: 149123101    ISIN: US1491231015    SEDOL: 2180201

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David L. Calhoun   Mgmt   For   For
Elect Director Daniel M. Dickinson   Mgmt   For   For
Elect Director Eugene V. Fife   Mgmt   For   For
Elect Director Juan Gallardo   Mgmt   For   For
Elect Director David R. Goode   Mgmt   For   For
Elect Director Jesse J. Greene, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Peter A. Magowan   Mgmt   For   For
Elect Director Dennis A. Muilenburg   Mgmt   For   For
Elect Director Douglas R. Oberhelman   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Charles D. Powell   Mgmt   For   For
Elect Director Edward B. Rust, Jr.   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s and management’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Amend Advance Notice Provisions for Shareholder Proposals/Nominations   Mgmt   For   For
Voter Rationale: A vote in line with ISS and management is warranted, as this proposal does not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because Caterpillar does not have significant disclosure on its human rights policies or publicly subscribe to commonly accepted international standards, the adherence to which could assist shareholders in evaluating the company’s existing policies and procedures for addressing human rights concerns in its operations.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Target Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TGT    13-Jun-12    USA    87612E106    Annual    16-Apr-12

 

CUSIP: 87612E106    ISIN: US87612E1064    SEDOL: 2259101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Mary N. Dillon   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Mary E. Minnick   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Derica W. Rice   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director Gregg W. Steinhafel   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Solomon D. Trujillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Target Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Electronics Recycling and Preventing E-Waste Export   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal provides no additional shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Men’s Wearhouse, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MW    13-Jun-12    USA    587118100    Annual    16-Apr-12

 

CUSIP: 587118100    ISIN: US5871181005    SEDOL: 2576327

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George Zimmer   Mgmt   For   For
Elect Director David H. Edwab   Mgmt   For   For
Elect Director Douglas S. Ewert   Mgmt   For   For
Elect Director Rinaldo S. Brutoco   Mgmt   For   For
Elect Director Michael L. Ray   Mgmt   For   For
Elect Director Sheldon I. Stein   Mgmt   For   For
Elect Director Deepak Chopra   Mgmt   For   For
Elect Director William B. Sechrest   Mgmt   For   For
Elect Director Larry R. Katzen   Mgmt   For   For
Elect Director Grace Nichols   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DSW Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DSW    14-Jun-12    USA    23334L102    Annual    17-Apr-12

 

CUSIP: 23334L102    ISIN: US23334L1026    SEDOL: B0BV2V6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jay L. Schottenstein   Mgmt   For   For
Elect Director Michael R. MacDonald   Mgmt   For   For
Elect Director Philip B. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Fortinet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTNT    14-Jun-12    USA    34959E109    Annual    20-Apr-12

 

CUSIP: 34959E109    ISIN: US34959E1091    SEDOL: B5B2106

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Chenming Hu   Mgmt   For   For
Elect Director Hong Liang Lu   Mgmt   For   For
Elect Director Ken Xie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FCX    14-Jun-12    USA    35671D857    Annual    18-Apr-12

 

CUSIP: 35671D857    ISIN: US35671D8570    SEDOL: 2352118

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director Robert J. Allison, Jr.   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Day   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Charles C. Krulak   Mgmt   For   For
Elect Director Bobby Lee Lackey   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director Dustan E. McCoy   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director Stephen H. Siegele   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: A vote against this non-binding advisory vote is warranted as despite positive changes made by the Company to the compensation approach following last year’s failing say-on-pay result, a significant pay-for-performance disconnect is still noted.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

McMoRan Exploration Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MMR    14-Jun-12    USA    582411104    Annual    18-Apr-12

 

CUSIP: 582411104    ISIN: US5824111042    SEDOL: 2311045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director A. Peyton Bush, III   Mgmt   For   For
Elect Director William P. Carmichael   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For

McMoRan Exploration Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Flores   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Suzanne T. Mestayer   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director John F.Wombwell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Although TDAM notes significant areas where the Company’s executive compensation approach needs improvement, a pay-for-performance disconnect is not evident at this time. Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MPWR    14-Jun-12    USA    609839105    Annual    17-Apr-12

 

CUSIP: 609839105    ISIN: US6098391054    SEDOL: B01Z7J1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Moyer   Mgmt   For   For
Elect Director Karen A. Smith Bogart   Mgmt   For   For
Elect Director Jeff Zhou   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Salix Pharmaceuticals, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLXP    14-Jun-12    USA    795435106    Annual    20-Apr-12

 

CUSIP: 795435106    ISIN: US7954351067    SEDOL: 2693981

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John F. Chappell   Mgmt   For   For
Elect Director Thomas W. D’Alonzo   Mgmt   For   For
Elect Director William P. Keane   Mgmt   For   For
Elect Director Carolyn J. Logan   Mgmt   For   For
Elect Director Mark A. Sirgo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.

Toyota Motor Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7203    15-Jun-12    Japan    J92676113    Annual    31-Mar-12

 

CUSIP: J92676113    ISIN: JP3633400001    SEDOL: 6900643

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 30   Mgmt   For   For
Elect Director Cho, Fujio   Mgmt   For   For
Elect Director Toyoda, Akio   Mgmt   For   For
Elect Director Uchiyamada, Takeshi   Mgmt   For   For
Elect Director Funo, Yukitoshi   Mgmt   For   For
Elect Director Niimi, Atsushi   Mgmt   For   For
Elect Director Sasaki, Shinichi   Mgmt   For   For
Elect Director Ozawa, Satoshi   Mgmt   For   For
Elect Director Kodaira, Nobuyori   Mgmt   For   For

Toyota Motor Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Furuhashi, Mamoru   Mgmt   For   For
Elect Director Ijichi, Takahiko   Mgmt   For   For
Elect Director Ihara, Yasumori   Mgmt   For   For
Elect Director Maekawa, Masamoto   Mgmt   For   For
Elect Director Kato, Mitsuhisa   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Golar LNG Ltd

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOL    18-Jun-12    Bermuda    G9456A100    Special    04-May-12

 

CUSIP: G9456A100    ISIN: BMG9456A1009    SEDOL: 7139695

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Delisting of Shares from the Oslo Stock Exchange   Mgmt   For   For

NTT DOCOMO, INC.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9437    19-Jun-12    Japan    J59399105    Annual    31-Mar-12

 

CUSIP: J59399105    ISIN: JP3165650007    SEDOL: 6129277

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 2800   Mgmt   For   For
Elect Director Kato, Kaoru   Mgmt   For   For
Elect Director Tsubochi, Kazuto   Mgmt   For   For
Elect Director Iwasaki, Fumio   Mgmt   For   For
Elect Director Shindo, Tsutomu   Mgmt   For   For
Elect Director Tanaka, Takashi   Mgmt   For   For
Elect Director Yoshizawa, Kazuhiro   Mgmt   For   For

NTT DOCOMO, INC.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Onoe, Seizo   Mgmt   For   For
Elect Director Kagawa, Wataru   Mgmt   For   For
Elect Director Nagata, Kiyohito   Mgmt   For   For
Elect Director Sato, Hirotaka   Mgmt   For   For
Elect Director Takagi, Kazuhiro   Mgmt   For   For
Elect Director Yamada, Ryuuji   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board composition will not meet policy requirements applicable to controlled companies.
Elect Director Kusumoto, Hiroo   Mgmt   For   For
Appoint Statutory Auditor Utano, Takanori   Mgmt   For   For

Komatsu Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6301    20-Jun-12    Japan    J35759125    Annual    31-Mar-12

 

CUSIP: J35759125    ISIN: JP3304200003    SEDOL: 6496584

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 21   Mgmt   For   For
Elect Director Sakane, Masahiro   Mgmt   For   For
Elect Director Noji, Kunio   Mgmt   For   For
Elect Director Komamura, Yoshinori   Mgmt   For   For
Elect Director Hironaka, Mamoru   Mgmt   For   For
Elect Director Ohashi, Tetsuji   Mgmt   For   For
Elect Director Fujitsuka, Mikio   Mgmt   For   For
Elect Director Takamura, Fujitoshi   Mgmt   For   For
Elect Director Hotta, Kensuke   Mgmt   For   For
Elect Director Kano, Noriaki   Mgmt   For   For
Elect Director Ikeda, Koichi   Mgmt   For   For
Appoint Statutory Auditor Morimoto, Makoto   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Komatsu Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Adjustment to Aggregate Compensation Ceiling for Statutory Auditors   Mgmt   For   For
Approve Deep Discount Stock Option Plan   Mgmt   For   For

Equity Residential

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQR    21-Jun-12    USA    29476L107    Annual    30-Mar-12

 

CUSIP: 29476L107    ISIN: US29476L1070    SEDOL: 2319157

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Alexander   Mgmt   For   For
Elect Director Charles L. Atwood   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Mary Kay Haben   Mgmt   For   For
Elect Director Bradley A. Keywell   Mgmt   For   For
Elect Director John E. Neal   Mgmt   For   For
Elect Director David J. Neithercut   Mgmt   For   For
Elect Director Mark S. Shapiro   Mgmt   For   For
Elect Director Gerald A. Spector   Mgmt   For   For
Elect Director B. Joseph White   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted given the benefit from more comprehensive disclosure of company sustainability-related metrics and goals.

Google Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOOG    21-Jun-12    USA    38259P508    Annual    23-Apr-12

 

CUSIP: 38259P508    ISIN: US38259P5089    SEDOL: B020QX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry Page   Mgmt   For   For
Elect Director Sergey Brin   Mgmt   For   For
Elect Director Eric E. Schmidt   Mgmt   For   For
Elect Director L. John Doerr   Mgmt   For   For
Elect Director Diane B. Greene   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Ann Mather   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director K. Ram Shriram   Mgmt   For   For
Elect Director Shirley M. Tilghman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Authorize a New Class of Common Stock   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the establishment of a new class of capital stock complicates the company’s capital structure, may have an anti-takeover effect, and the board lacks a compelling rationale for its approval.
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: In line with its position on Item 3, TDAM opposes this proposal to establish Class C capital stock.
Amend Charter to Provide For Class A Common Holders to Receive Equal Consideration as Class B Common Holders in event of any Merger, Consolidation or Business Combination   Mgmt   For   For
Voter Rationale: A vote for this proposal is warranted, as it will increase shareholder value in the event of a merger, consolidation or business combination. In line with ISS.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.

Google Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Amend Articles Regarding Arbitration of Shareholder Lawsuits   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: A vote for this proposal is warranted, as TDAM supports the “one share one vote” philosophy.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Honda Motor Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7267    21-Jun-12    Japan    J22302111    Annual    31-Mar-12

 

CUSIP: J22302111    ISIN: JP3854600008    SEDOL: 6435145

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 15   Mgmt   For   For
Amend Articles To Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Ito, Takanobu   Mgmt   For   For
Elect Director Iwamura, Tetsuo   Mgmt   For   For
Elect Director Oyama, Tatsuhiro   Mgmt   For   For
Elect Director Ike, Fumihiko   Mgmt   For   For
Elect Director Kawanabe, Tomohiko   Mgmt   For   For
Elect Director Yamamoto, Takashi   Mgmt   For   For
Elect Director Yamamoto, Yoshiharu   Mgmt   For   For
Elect Director Hogen, Kensaku   Mgmt   For   For
Elect Director Kuroyanagi, Nobuo   Mgmt   For   For
Elect Director Fukui, Takeo   Mgmt   For   For
Elect Director Yoshida, Masahiro   Mgmt   For   For
Elect Director Shiga, Yuuji   Mgmt   For   For

Honda Motor Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Appoint Statutory Auditor Yamashita, Masaya   Mgmt   For   For
Appoint Statutory Auditor Hiwatari, Toshiaki   Mgmt   For   For

MedAssets, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MDAS    21-Jun-12    USA    584045108    Annual    25-Apr-12

 

CUSIP: 584045108    ISIN: US5840451083    SEDOL: B29YMY4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C.A. (Lance) Piccolo   Mgmt   For   For
Elect Director Bruce F. Wesson   Mgmt   For   For
Elect Director Samuel K. Skinner   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Mitsui & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8031    21-Jun-12    Japan    J44690139    Annual    31-Mar-12

 

CUSIP: J44690139    ISIN: JP3893600001    SEDOL: 6597302

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 28   Mgmt   For   For
Elect Director Utsuda, Shoei   Mgmt   For   For
Elect Director Iijima, Masami   Mgmt   For   For
Elect Director Tanaka, Seiichi   Mgmt   For   For
Elect Director Kawashima, Fuminobu   Mgmt   For   For
Elect Director Saiga, Daisuke   Mgmt   For   For
Elect Director Okada, Joji   Mgmt   For   For

Mitsui & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kinoshita, Masayuki   Mgmt   For   For
Elect Director Anbe, Shintaro   Mgmt   For   For
Elect Director Tanaka, Koichi   Mgmt   For   For
Elect Director Matsubara, Nobuko   Mgmt   For   For
Elect Director Nonaka, Ikujiro   Mgmt   For   For
Elect Director Hirabayashi, Hiroshi   Mgmt   For   For
Elect Director Muto, Toshiro   Mgmt   For   For
Appoint Statutory Auditor Matsuo, Kunihiro   Mgmt   For   For

Hitachi Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6501    22-Jun-12    Japan    J20454112    Annual    31-Mar-12

 

CUSIP: J20454112    ISIN: JP3788600009    SEDOL: 6429104

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kawamura, Takashi   Mgmt   For   For
Elect Director Ota, Yoshie   Mgmt   For   For
Elect Director Ohashi, Mitsuo   Mgmt   For   For
Elect Director Katsumata, Nobuo   Mgmt   For   For
Elect Director George Buckley   Mgmt   For   For
Elect Director Mochizuki, Harufumi   Mgmt   For   For
Elect Director Motobayashi, Toru   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Philip Yeo   Mgmt   For   For
Elect Director Kikawa, Michijiro   Mgmt   For   For
Elect Director Stephen Gomersall   Mgmt   For   For
Elect Director Nakanishi, Hiroaki   Mgmt   For   For
Elect Director Hatchoji, Takashi   Mgmt   For   For
Elect Director Miyoshi, Takashi   Mgmt   For   For

Hitachi Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Formalize Representative Executive Officer and Vice President Responsibility for Group Management   SH   Against   Against

Iberdrola S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBE    22-Jun-12    Spain    E6165F166    Annual    17-Jun-12

 

CUSIP: E6165F166    ISIN: ES0144580Y14    SEDOL: B288C92

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Approve Consolidated and Standalone Financial Statements For FY 2011   Mgmt   For   For
Approve Management Reports   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Renew Appointment of Ernst & Young as Auditor   Mgmt   For   For
Approve Allocation of Income and Distribution of Dividends of EUR 0.03 Per Share   Mgmt   For   For
Approve EUR 2.02 Billion Capital Increase Charged Against Reserves   Mgmt   For   For
Ratify Co-option of and Elect Jose Luis San Pedro Guerenabarrena as Director   Mgmt   For   For
Ratify Co-option of and Elect Angel Jesus Acebes Paniagua as Director   Mgmt   For   For
Reelect Xabier de Irala Estevez as Director   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Reelect Inigo Victor de Oriol Ibarra as Director   Mgmt   For   For
Reelect Ines Macho Stadler as Director   Mgmt   For   For
Reelect Braulio Medel Camara as Director   Mgmt   For   For
Reelect Samantha Barber as Director   Mgmt   For   For
Elect Francisco Pons Alcoy as Director   Mgmt   For   For

Iberdrola S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Issuance of Bonds/Debentures and/or Other Debt Securities   Mgmt   For   For
Voter Rationale: No response from portfolio manager by vote deadline. Voting in line with ISS, which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal, TDAM will evaluate this item on a case-by-case basis.
Authorize Listing on and Delisting from Secondary Exchanges of Shares and Other Securities   Mgmt   For   For
Approve Charitable Donations   Mgmt   For   For
Amend Articles 19.1, 19.4, 20.1, 20.2, 20.4, and 23.3 of Bylaws   Mgmt   For   For
Amend Articles 24.1, 24.2, and 25.2 of Bylaws   Mgmt   For   For
Amend Articles of General Meeting Regulations   Mgmt   For   For
Approve Company’s Corporate Web Site   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

SoftBank Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9984    22-Jun-12    Japan    J75963108    Annual    31-Mar-12

 

CUSIP: J75963108    ISIN: JP3436100006    SEDOL: 6770620

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 40   Mgmt   For   For

Mitsubishi Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8058    26-Jun-12    Japan    J43830116    Annual    31-Mar-12

 

CUSIP: J43830116    ISIN: JP3898400001    SEDOL: 6596785

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 33   Mgmt   For   For

Mitsubishi Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Kobayashi, Ken   Mgmt   For   For
Elect Director Ueda, Ryoichi   Mgmt   For   For
Elect Director Yano, Masahide   Mgmt   For   For
Elect Director Nabeshima, Hideyuki   Mgmt   For   For
Elect Director Nakahara, Hideto   Mgmt   For   For
Elect Director Nagai, Yasuo   Mgmt   For   For
Elect Director Nomakuchi, Tamotsu   Mgmt   For   For
Elect Director Ito, Kunio   Mgmt   For   For
Elect Director Tsukuda, Kazuo   Mgmt   For   For
Elect Director Kato, Ryozo   Mgmt   For   For
Elect Director Konno, Hidehiro   Mgmt   For   For
Appoint Statutory Auditor Tsujiyama, Eiko   Mgmt   For   For
Appoint Statutory Auditor Ishino, Hideyo   Mgmt   For   For
Appoint Statutory Auditor Kunihiro, Tadashi   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Mizuho Financial Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8411    26-Jun-12    Japan    J4599L102    Annual    31-Mar-12

 

CUSIP: J4599L102    ISIN: JP3885780001    SEDOL: 6591014

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 3   Mgmt   For   For
Elect Director Tsukamoto, Takashi   Mgmt   For   For
Elect Director Takahashi, Hideyuki   Mgmt   For   For
Elect Director Abe, Daisaku   Mgmt   For   For
Appoint Statutory Auditor Ishizaka, Masami   Mgmt   For   For

Mizuho Financial Group Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Limit Total Board Compensation to JPY 30 Million Until Net Capital per Share Reaches that of Competitors MUFG or SMFG   SH   Against   Against
Amend Articles to Require Caution in Accepting Corporate Evaluation Assignments   SH   Against   Against
Amend Articles to Require Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately   SH   Against   For
Voter Rationale: As per ISS reasoning, third party advisor and/or voting guidelines serves the interests of shareholders and enhances shareholder value. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Public Disclosure of Director Training Policy, Content and Performance   SH   Against   For
Voter Rationale: In line with ISS, increased disclosure on director candidates will increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Disclosure of Individual Director and Statutory Auditor Compensation   SH   Against   For
Voter Rationale: In line with ISS, shareholders should be provided with the right information to make informed decisions with respect to a company’s compensation levels and objectives.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Firm to Seek Unified Nationwide Handling of Inquiries When Public Entities Request Assessments of Citizen Eligibility for Public Assistance   SH   Against   Against
Amend Articles to Relax Limit, Allow Shareholder Proposal Justification Statements Up to 4,000 Characters   SH   Against   For
Voter Rationale: In line with ISS, allowing for longer statements in support of shareholder proposals increases shareholder rights. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prohibit Biased Treatment of Non-Votes on Shareholder vs. Company Proposals   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prevent CEO from Presiding Over Board Meetings   SH   Against   For
Voter Rationale: In line with ISS, TDAM is of the view that separating the CEO and board chairman is preferred.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Create a Whistle-Blowing Complaints Desk Independent of Executive Director Influence   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices and increases shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Takeda Pharmaceutical Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
4502    26-Jun-12    Japan    J8129E108    Annual    31-Mar-12

 

CUSIP: J8129E108    ISIN: JP3463000004    SEDOL: 6870445

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 90   Mgmt   For   For
Elect Director Hasegawa, Yasuchika   Mgmt   For   For
Elect Director Yoshida, Toyoji   Mgmt   For   For
Elect Director Yamanaka, Yasuhiko   Mgmt   For   For
Elect Director Frank Morich   Mgmt   For   For
Elect Director Yamada, Tadataka   Mgmt   For   For
Elect Director Sudo, Fumio   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Iwasaki, Masato   Mgmt   For   For
Elect Director Deborah Dunsire   Mgmt   For   For
Appoint Statutory Auditor Takeda, Naohisa   Mgmt   For   For
Appoint Statutory Auditor Fujinuma, Tsuguoki   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Sony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6758    27-Jun-12    Japan    J76379106    Annual    31-Mar-12

 

CUSIP: J76379106    ISIN: JP3435000009    SEDOL: 6821506

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Hirai, Kazuo   Mgmt   For   For
Elect Director Chuubachi, Ryoji   Mgmt   For   For
Elect Director Kato, Masaru   Mgmt   For   For
Elect Director Howard Stringer   Mgmt   For   For
Elect Director Peter Bonfield   Mgmt   For   For
Elect Director Yasuda, Ryuuji   Mgmt   For   For

Sony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Uchinaga, Yukako   Mgmt   For   For
Elect Director Yahagi, Mitsuaki   Mgmt   For   For
Elect Director Tsun-Yan Hsieh   Mgmt   For   For
Elect Director Roland A. Hernandez   Mgmt   For   For
Elect Director Anraku, Kanemitsu   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Nagayama, Osamu   Mgmt   For   For
Elect Director Nimura, Takaaki   Mgmt   For   For
Approve Stock Option Plan   Mgmt   For   For

VeriFone Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAY    27-Jun-12    USA    92342Y109    Annual    04-May-12

 

CUSIP: 92342Y109    ISIN: US92342Y1091    SEDOL: B07RH68

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Alspaugh   Mgmt   For   For
Elect Director Douglas G. Bergeron   Mgmt   For   For
Elect Director Dr. Leslie G. Denend   Mgmt   For   For
Elect Director Alex W. Hart   Mgmt   For   For
Elect Director Robert B. Henske   Mgmt   For   For
Elect Director Richard A. McGinn   Mgmt   For   For
Elect Director Eitan Raff   Mgmt   For   For
Elect Director Jeffrey E. Stiefler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Fanuc Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6954    28-Jun-12    Japan    J13440102    Annual    31-Mar-12

 

CUSIP: J13440102    ISIN: JP3802400006    SEDOL: 6356934

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, With a Final Dividend of JPY 99.01   Mgmt   For   For
Elect Director Inaba, Yoshiharu   Mgmt   For   For
Elect Director Yamaguchi, Kenji   Mgmt   For   For
Elect Director Gonda, Yoshihiro   Mgmt   For   For
Elect Director Richard E. Schneider   Mgmt   For   For
Elect Director Uchida, Hiroyuki   Mgmt   For   For
Elect Director Matsubara, Shunsuke   Mgmt   For   For
Elect Director Kosaka, Tetsuya   Mgmt   For   For
Elect Director Kohari, Katsuo   Mgmt   For   For
Elect Director Okada, Toshiya   Mgmt   For   For
Elect Director Hiramoto, Kazuyuki   Mgmt   For   For
Elect Director Olaf C. Gehrels   Mgmt   For   For
Elect Director Aoyama, Kazunari   Mgmt   For   For
Elect Director Ito, Takayuki   Mgmt   For   For
Elect Director Yamada, Yuusaku   Mgmt   For   For
Elect Director Hishikawa, Tetsuo   Mgmt   For   For
Elect Director Noda, Hiroshi   Mgmt   For   For
Appoint Statutory Auditor Harada, Hajime   Mgmt   For   For

Mitsubishi Electric Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6503    28-Jun-12    Japan    J43873116    Annual    31-Mar-12

 

CUSIP: J43873116    ISIN: JP3902400005    SEDOL: 6597045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Shimomura, Setsuhiro   Mgmt   For   For

Mitsubishi Electric Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Yamanishi, Kenichiro   Mgmt   For   For
Elect Director Saito, Masanori   Mgmt   For   For
Elect Director Yoshimatsu, Hiroki   Mgmt   For   For
Elect Director Hashimoto, Noritomo   Mgmt   For   For
Elect Director Fujimoto, Ryosuke   Mgmt   For   For
Elect Director Okuma, Nobuyuki   Mgmt   For   For
Elect Director Murayama, Hiroyoshi   Mgmt   For   For
Elect Director Sasaki, Mikio   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Miki, Shigemitsu   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Makino, Fujiatsu   Mgmt   For   For
Elect Director Yabunaka, Mitoji   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8306    28-Jun-12    Japan    J44497105    Annual    31-Mar-12

 

CUSIP: J44497105    ISIN: JP3902900004    SEDOL: 6335171

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 6 for Ordinary Shares   Mgmt   For   For
Elect Director Okihara, Takamune   Mgmt   For   For
Elect Director Okauchi, Kinya   Mgmt   For   For
Elect Director Nagayasu, Katsunori   Mgmt   For   For
Elect Director Tanaka, Masaaki   Mgmt   For   For
Elect Director Yuuki, Taihei   Mgmt   For   For
Elect Director Hamakawa, Ichiro   Mgmt   For   For
Elect Director Kagawa, Akihiko   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Toyoizumi, Toshiro   Mgmt   For   For
Elect Director Hirano, Nobuyuki   Mgmt   For   For
Elect Director Teraoka, Shunsuke   Mgmt   For   For
Elect Director Wakabayashi, Tatsuo   Mgmt   For   For
Elect Director Araki, Saburo   Mgmt   For   For
Elect Director Noguchi, Hiroyuki   Mgmt   For   For
Elect Director Tokunari, Muneaki   Mgmt   For   For
Elect Director Araki, Ryuuji   Mgmt   For   For
Elect Director Watanabe, Kazuhiro   Mgmt   For   For
Elect Director Otoshi, Takuma   Mgmt   For   For

Nintendo Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7974    28-Jun-12    Japan    J51699106    Annual    31-Mar-12

 

CUSIP: J51699106    ISIN: JP3756600007    SEDOL: 6639550

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 100   Mgmt   For   For
Elect Director Iwata, Satoru   Mgmt   For   For
Elect Director Mori, Yoshihiro   Mgmt   For   For
Elect Director Hatano, Shinji   Mgmt   For   For
Elect Director Takeda, Genyo   Mgmt   For   For
Elect Director Miyamoto, Shigeru   Mgmt   For   For
Elect Director Matsumoto, Masaharu   Mgmt   For   For
Elect Director Suzuki, Eiichi   Mgmt   For   For
Elect Director Kimishima, Tatsumi   Mgmt   For   For
Elect Director Takemura, Kaoru   Mgmt   For   For
Appoint Statutory Auditor Ueda, Minoru   Mgmt   For   For
Appoint Statutory Auditor Toyoda, Ken   Mgmt   For   For

Nintendo Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Appoint Statutory Auditor Mitamura, Yoshimi   Mgmt   For   For
Appoint Statutory Auditor Umeyama, Katsuhiro   Mgmt   For   For

Sumitomo Mitsui Financial Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8316    28-Jun-12    Japan    J7771X109    Annual    31-Mar-12

 

CUSIP: J7771X109    ISIN: JP3890350006    SEDOL: 6563024

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 50   Mgmt   For   For
Elect Director Miyata, Koichi   Mgmt   For   For
Elect Director Kurumatani, Nobuaki   Mgmt   For   For
Elect Director Yokoyama, Yoshinori   Mgmt   For   For
Appoint Statutory Auditor Yamaguchi, Yoji   Mgmt   For   For
Appoint Statutory Auditor Tsuruta, Rokuro   Mgmt   For   For

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    29-Jun-12    United Kingdom    G87621101    Annual    27-Jun-12

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Sir Richard Broadbent as Director   Mgmt   For   For
Elect Deanna Oppenheimer as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For

Tesco plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Gareth Bullock as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Stuart Chambers as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vote Summary Report

Report was run from: 7/1/11 to 6/30/12

Institution Account(s): TDAX Independence 2030 - Equity

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    01-Jul-11    United Kingdom    G87621101    Annual    29-Jun-11

 

SEDOL: 0884709    CUSIP: G87621101    ISIN: GB0008847096

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Gareth Bullock as Director   Mgmt   For   For
Elect Stuart Chambers as Director   Mgmt   For   For
Re-elect David Reid as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Richard Brasher as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect David Potts as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Approve Performance Share Plan 2011   Mgmt   For   For
Approve Savings-Related Share Option Scheme   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

HMS Holdings Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMSY    06-Jul-11    USA    40425J101    Annual    17-May-11

 

CUSIP: 40425J101    ISIN: US40425J1016    SEDOL: 2418043

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Miller III   Mgmt   For   For
Elect Director Ellen A. Rudnick   Mgmt   For   For
Elect Director Michael A. Stocker   Mgmt   For   For
Elect Director Richard H. Stowe   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Voter Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

SRA International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRX    15-Jul-11    USA    78464R105    Special    13-Jun-11

 

CUSIP: 78464R105    ISIN: US78464R1059    SEDOL: 2865241

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For

Ultratech, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UTEK    19-Jul-11    USA    904034105    Annual    20-May-11

 

CUSIP: 904034105    ISIN: US9040341052    SEDOL: 2907217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur W. Zafiropoulo   Mgmt   For   For
Elect Director Joel F. Gemunder   Mgmt   For   For
Elect Director Nicholas Konidaris   Mgmt   For   For
Elect Director Dennis Raney   Mgmt   For   For
Elect Director Henri Richard   Mgmt   For   For
Elect Director Rick Timmins   Mgmt   For   For
Elect Director Ben Tsai   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Vodafone Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOD    26-Jul-11    United Kingdom    G93882135    Annual    22-Jul-11

 

CUSIP: G93882135    ISIN: GB00B16GWD56    SEDOL: B16GWD5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Gerard Kleisterlee as Director   Mgmt   For   For

Vodafone Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Vittorio Colao as Director   Mgmt   For   For
Re-elect Michel Combes as Director   Mgmt   For   For
Re-elect Andy Halford as Director   Mgmt   For   For
Re-elect Stephen Pusey as Director   Mgmt   For   For
Elect Renee James as Director   Mgmt   For   For
Re-elect Alan Jebson as Director   Mgmt   For   For
Re-elect Samuel Jonah as Director   Mgmt   For   For
Re-elect Nick Land as Director   Mgmt   For   For
Re-elect Anne Lauvergeon as Director   Mgmt   For   For
Re-elect Luc Vandevelde as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Re-elect Philip Yea as Director   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

STERIS Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STE    28-Jul-11    USA    859152100    Annual    31-May-11

 

CUSIP: 859152100    ISIN: US8591521005    SEDOL: 2845113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Breeden   Mgmt   For   For

STERIS Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Cynthia L. Feldmann   Mgmt   For   For
Elect Director Jacqueline B. Kosecoff   Mgmt   For   For
Elect Director David B. Lewis   Mgmt   For   For
Elect Director Kevin M. McMullen   Mgmt   For   For
Elect Director Walter M Rosebrough, Jr.   Mgmt   For   For
Elect Director Mohsen M. Sohi   Mgmt   For   For
Elect Director John P. Wareham   Mgmt   For   For
Elect Director Loyal W. Wilson   Mgmt   For   For
Elect Director Michael B. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Ratify Auditors   Mgmt   For   For

Apollo Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AINV    02-Aug-11    USA    03761U106    Annual    08-Jun-11

 

CUSIP: 03761U106    ISIN: US03761U1060    SEDOL: B00NWP7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Puleo   Mgmt   For   For
Elect Director Carl Spielvogel   Mgmt   For   For
Elect Director Jeanette Loeb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.    

EnerSys

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENS    04-Aug-11    USA    29275Y102    Annual    08-Jun-11

 

CUSIP: 29275Y102    ISIN: US29275Y1029    SEDOL: B020GQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Seifi Ghasemi   Mgmt   For   For
Elect Director John F. Lehman   Mgmt   For   For
Elect Director Dennis S. Marlo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Require a Majority Vote for the Election of Directors   SH   Against   For
Voter Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Quality Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QSII    11-Aug-11    USA    747582104    Annual    13-Jun-11

 

CUSIP: 747582104    ISIN: US7475821044    SEDOL: 2715391

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Craig A. Barbarosh   Mgmt   For   For
Elect Director Murray F. Brennan   Mgmt   For   For
Elect Director George H. Bristol   Mgmt   For   For
Elect Director Patrick B. Cline   Mgmt   For   For
Elect Director Ahmed D. Hussein   Mgmt   For   For
Elect Director D. Russell Pflueger   Mgmt   For   For
Elect Director Steven T. Plochocki   Mgmt   For   For
Elect Director Sheldon Razin   Mgmt   For   For

Quality Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Maureen A. Spivack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Voter Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

La-Z-Boy Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LZB    24-Aug-11    USA    505336107    Annual    27-Jun-11

 

CUSIP: 505336107    ISIN: US5053361078    SEDOL: 2508405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kurt L. Darrow   Mgmt   For   For
Elect Director H. George Levy   Mgmt   For   For
Elect Director W. Alan McCollough   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    

Medifast, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MED    02-Sep-11    USA    58470H101    Annual    11-Jul-11

 

CUSIP: 58470H101    ISIN: US58470H1014    SEDOL: 2934033

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harvey C. Barnum   Mgmt   For   For
Elect Director Michael C. MacDonald   Mgmt   For   For
Elect Director Jerry D. Reece   Mgmt   For   For
Elect Director Michael S. McDevitt   Mgmt   For   For
Elect Director Margaret E. Sheetz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    

Casey’s General Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CASY    16-Sep-11    USA    147528103    Annual    25-Jul-11

 

CUSIP: 147528103    ISIN: US1475281036    SEDOL: 2179414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Myers   Mgmt   For   For
Elect Director Diane C. Bridgewater   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    

Exide Technologies

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XIDE    16-Sep-11    USA    302051206    Annual    20-Jul-11

 

CUSIP: 302051206    ISIN: US3020512063    SEDOL: B00VTY9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert F. Aspbury   Mgmt   For   For
Elect Director James R. Bolch   Mgmt   For   For
Elect Director Michael R. D’Appolonia   Mgmt   For   For
Elect Director David S. Ferguson   Mgmt   For   For
Elect Director John O’Higgins   Mgmt   For   For
Elect Director Dominic J. Pileggi   Mgmt   For   For
Elect Director John P. Reilly   Mgmt   For   For
Elect Director Michael P. Ressner   Mgmt   For   For
Elect Director Carroll R. Wetzel, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Ratify Auditors   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    16-Sep-11    Netherlands    N8981F271    Special    19-Aug-11

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Special Meeting   Mgmt    
Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares   Mgmt   For   For

NIKE, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NKE    19-Sep-11    USA    654106103    Annual    25-Jul-11

 

CUSIP: 654106103    ISIN: US6541061031    SEDOL: 2640147

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John C. Lechleiter   Mgmt   For   For
Elect Director Phyllis M. Wise   Mgmt   For   For
Voter Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.      
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TEVA    19-Sep-11    Israel    M8769Q102    Annual    10-Aug-11

 

CUSIP: M8769Q102    ISIN: IL0006290147    SEDOL: 6882172

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Elect Chaim Hurvitz as Director   Mgmt   For   For
Elect Ory Slonim as Director   Mgmt   For   For
Elect Dan Suesskind as Director   Mgmt   For   For
Elect Joseph Nitzani as External Director and Approve His Remuneration   Mgmt   For   For
Elect Dafna Schwartz as External Director and Approve Her Remuneration   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Director/Officer Liability and Indemnification Insurance   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Remuneration of Vice Chairman   Mgmt   For   For
Approve Reimbursement of Expenses of Board Chairman   Mgmt   For   For

FedEx Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FDX    26-Sep-11    USA    31428X106    Annual    01-Aug-11

 

CUSIP: 31428X106    ISIN: US31428X1063    SEDOL: 2142784

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 51.5 percent of votes cast at the previous AGM. To date, the board has not taken action on the proposal. Accordingly, TDAM will opose the elections of Shirley Ann Jackson, James L. Barksdale, and Steven R. Loranger, who serve on the Nominating and Governance committee of the board.
Elect Director John A. Edwardson   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Steven R. Loranger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Gary W. Loveman   Mgmt   For   For
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Joshua Cooper Ramo   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Frederick W. Smith   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director David P. Steiner   Mgmt   For   For
Elect Director Paul S. Walsh   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

FedEx Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors.
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      

The Procter & Gamble Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PG    11-Oct-11    USA    742718109    Annual    12-Aug-11

 

CUSIP: 742718109    ISIN: US7427181091    SEDOL: 2704407

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angela F. Braly   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Scott D. Cook   Mgmt   For   For
Elect Director Susan Desmond-Hellmann   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Elect Director Patricia A. Woertz   Mgmt   For   For
Elect Director Ernesto Zedillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Procter & Gamble Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Amend Articles of Incorporation   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Use of Laboratory Animals in Pet Food Product Testing   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Political Contributions and Provide Advisory Vote   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      

Oracle Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ORCL    12-Oct-11    USA    68389X105    Annual    15-Aug-11

 

CUSIP: 68389X105    ISIN: US68389X1054    SEDOL: 2661568

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey S. Berg   Mgmt   For   For
Elect Director H. Raymond Bingham   Mgmt   For   For
Elect Director Michael J. Boskin   Mgmt   For   For
Elect Director Safra A. Catz   Mgmt   For   For
Elect Director Bruce R. Chizen   Mgmt   For   For
Elect Director George H. Conrades   Mgmt   For   For
Elect Director Lawrence J. Ellison   Mgmt   For   For
Elect Director Hector Garcia-Molina   Mgmt   For   For
Elect Director Jeffrey O. Henley   Mgmt   For   For
Elect Director Mark V. Hurd   Mgmt   For   For

Oracle Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Lucas   Mgmt   For   For
Director Naomi O. Seligman   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   None   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    19-Oct-11    USA    019344100    Annual    29-Sep-11

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year

Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.

Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Ratify Auditors   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Common Stock   Mgmt   For   For
Approve Deferred Phantom Unit Plan   Mgmt   For   For
Approve Deferred Share Unit Plan   Mgmt   For   For

Diageo plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DGE    19-Oct-11    United Kingdom    G42089113    Annual    17-Oct-11

 

CUSIP: G42089113    ISIN: GB0002374006    SEDOL: 0237400

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Peggy Bruzelius as Director   Mgmt   For   For
Re-elect Laurence Danon as Director   Mgmt   For   For

Re-elect Lord Davies of Abersoch as Director   Mgmt   For   For
Re-elect Betsy Holden as Director   Mgmt   For   For
Re-elect Dr Franz Humer as Director   Mgmt   For   For
Re-elect Deirdre Mahlan as Director   Mgmt   For   For
Re-elect Philip Scott as Director   Mgmt   For   For
Re-elect Todd Stitzer as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors of the Company   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BHP Billiton plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BLT    20-Oct-11    United Kingdom    G10877101    Annual    18-Oct-11

 

CUSIP: G10877101    ISIN: GB0000566504    SEDOL: 0056650

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Elect Lindsay Maxsted as Director

   Mgmt   For   For

Elect Shriti Vadera as Director

   Mgmt   For   For

Re-elect Malcolm Broomhead as Director

   Mgmt   For   For

Re-elect John Buchanan as Director

   Mgmt   For   For

Re-elect Carlos Cordeiro as Director

   Mgmt   For   For

Re-elect David Crawford as Director

   Mgmt   For   For

Re-elect Carolyn Hewson as Director

   Mgmt   For   For

Re-elect Marius Kloppers as Director

   Mgmt   For   For

Re-elect Wayne Murdy as Director

   Mgmt   For   For

Re-elect Keith Rumble as Director

   Mgmt   For   For

Re-elect John Schubert as Director

   Mgmt   For   For

Re-elect Jacques Nasser as Director

   Mgmt   For   For

Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration

   Mgmt   For   For

Authorise Issue of Equity with Pre-emptive Rights

   Mgmt   For   For

Authorise Issue of Equity without Pre-emptive Rights

   Mgmt   For   For

Authorise Market Purchase

   Mgmt   For   For

Approve Remuneration Report

   Mgmt   For   For

Approve Termination Benefits for Group Management Committee Members

   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    20-Oct-11    USA    559181102    Annual    26-Aug-11

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

Magma Design Automation, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roy E. Jewell   Mgmt   For   For

Elect Director Thomas M. Rohrs

   Mgmt   For   For

Ratify Auditors

   Mgmt   For   For

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt   For   For

Advisory Vote on Say on Pay Frequency

   Mgmt   One Year   One Year

Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.

Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Newcrest Mining Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCM    27-Oct-11    Australia    Q6651B114    Annual    25-Oct-11

 

CUSIP: Q6651B114    ISIN: AU000000NCM7    SEDOL: 6637101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Winifred Kamit as a Director   Mgmt   For   For

Elect Don Mercer as a Director

   Mgmt   For   For

Elect Richard Knight as a Director

   Mgmt   For   For

Approve the Adoption of the Remuneration Report

   Mgmt   For   For

Renew Proportional Takeover Bid Approval Rule

   Mgmt   For   For

Cardinal Health, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAH    02-Nov-11    USA    14149Y108    Annual    06-Sep-11

 

CUSIP: 14149Y108    ISIN: US14149Y1082    SEDOL: 2175672

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen F. Arnold   Mgmt   For   For

Elect Director George S. Barrett

   Mgmt   For   For

Cardinal Health, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For

Elect Director Carrie S. Cox

   Mgmt   For   For

Elect Director Calvin Darden

   Mgmt   For   For

Elect Director Bruce L. Downey

   Mgmt   For   For

Elect Director John F. Finn

   Mgmt   For   For

Elect Director Gregory B. Kenny

   Mgmt   For   For

Elect Director David P. King

   Mgmt   For   For

Elect Director Richard C. Notebaert

   Mgmt   For   For

Elect Director David W. Raisbeck

   Mgmt   For   For

Elect Director Jean G. Spaulding

   Mgmt   For   For

Ratify Auditors

   Mgmt   For   For

Approve Omnibus Stock Plan

   Mgmt   For   For

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt   For   For

Advisory Vote on Say on Pay Frequency

   Mgmt   One Year   One Year

Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.

Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Require Independent Board Chairman

   SH   Against   Against
Voter Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.

Commonwealth Bank Of Australia

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBA    08-Nov-11    Australia    Q26915100    Annual    06-Nov-11

 

CUSIP: Q26915100    ISIN: AU000000CBA7    SEDOL: 6215035

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Colin Galbraith as Director   Mgmt   For   For

Elect Jane Hemstritch as Director

   Mgmt   For   For

Commonwealth Bank Of Australia

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Andrew Mohl as Director   Mgmt   For   For

Elect Lorna Inman as Director

   Mgmt   For   For

Approve Remuneration Report

   Mgmt   For   For
Approve Share Grants to Ian Mark Narev, CEO and Managing Director, Under the Group Leadership Reward Plan   Mgmt   For   For

Wesfarmers Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WES    09-Nov-11    Australia    Q95870103    Annual    07-Nov-11

 

CUSIP: Q95870103    ISIN: AU000000WES1    SEDOL: 6948836

 

  Proponent   Mgmt Rec   Vote Instruction
Elect T J Bowen as a Director   Mgmt   For   For

Elect R L Every as a Director

   Mgmt   For   For

Elect C Macek as a Director

   Mgmt   For   For

Approve the Adoption of the Remuneration Report

   Mgmt   For   For

Approve the Grant of Share Awards to the Group Managing Director

   Mgmt   For   For

Approve the Grant of Share Awards to the Finance Director

   Mgmt   For   For

bebe stores, inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEBE    10-Nov-11    USA    075571109    Annual    26-Sep-11

 

CUSIP: 075571109    ISIN: US0755711092    SEDOL: 2257677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Manny Mashouf   Mgmt   For   For
Elect Director Barbara Bass   Mgmt   For   For
Elect Director Cynthia Cohen   Mgmt   For   For
Elect Director Corrado Federico   Mgmt   For   For

bebe stores, inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Caden Wang   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Microsoft Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSFT    15-Nov-11    USA    594918104    Annual    02-Sep-11

 

CUSIP: 594918104    ISIN: US5949181045    SEDOL: 2588173

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Ballmer   Mgmt   For   For
Elect Director Dina Dublon   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director Raymond V. Gilmartin   Mgmt   For   For
Elect Director Reed Hastings   Mgmt   For   For
Elect Director Maria M. Klawe   Mgmt   For   For

Elect Director David F. Marquardt   Mgmt   For   For
Elect Director Charles H. Noski   Mgmt   For   For
Elect Director Helmut Panke   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against

BHP Billiton Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BHP    17-Nov-11    Australia    Q1498M100    Annual    15-Nov-11

 

CUSIP: Q1498M100    ISIN: AU000000BHP4    SEDOL: 6144690

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports for BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Lindsay Maxsted as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Shriti Vadera as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Malcolm Broomhead as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Buchanan as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carlos Cordeiro as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect David Crawford as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carolyn Hewson as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Marius Kloppers as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Wayne Murdy as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Keith Rumble as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Schubert as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Jacques Nasser as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For

Appoint KPMG Audit Plc as Auditors of BHP Billiton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc for Cash   Mgmt   For   For
Approve the Repurchase of Up to 213.62 Million Shares in BHP Billiton Plc   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For
Approve the Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

CACI International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACI    17-Nov-11    USA    127190304    Annual    19-Sep-11

 

CUSIP: 127190304    ISIN: US1271903049    SEDOL: 2159267

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul M. Cofoni   Mgmt   For   For
Elect Director James S. Gilmore, III   Mgmt   For   For
Elect Director Gregory G. Johnson   Mgmt   For   For
Elect Director Richard L. Leatherwood   Mgmt   For   For
Elect Director J. Phillip London   Mgmt   For   For
Elect Director James L. Pavitt   Mgmt   For   For
Elect Director Warren R. Phillips   Mgmt   For   For
Elect Director Charles P. Revoile   Mgmt   For   For
Elect Director William S. Wallace   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation?s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation?s business.
Adjourn Meeting   Mgmt   For   Against

Voter Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support.
Policy Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support.
Ratify Auditors   Mgmt   For   For

Jack Henry & Associates, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JKHY    17-Nov-11    USA    426281101    Annual    20-Sep-11

 

CUSIP: 426281101    ISIN: US4262811015    SEDOL: 2469193

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Hall   Mgmt   For   For
Elect Director Michael E. Henry   Mgmt   For   For
Elect Director Matthew C. Flanigan   Mgmt   For   For
Elect Director Craig R. Curry   Mgmt   For   For
Elect Director Wesley A. Brown   Mgmt   For   For
Elect Director Marla K. Shepard   Mgmt   For   For
Elect Director John F. Prim   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Lancaster Colony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LANC    21-Nov-11    USA    513847103    Annual    23-Sep-11

 

CUSIP: 513847103    ISIN: US5138471033    SEDOL: 2503206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Fox   Mgmt   For   For
Elect Director John B. Gerlach, Jr.   Mgmt   For   For
Elect Director Edward H. Jennings   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Lancaster Colony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Silicon Graphics International Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGI    02-Dec-11    USA    82706L108    Annual    07-Oct-11

 

CUSIP: 82706L108    ISIN: US82706L1089    SEDOL: B081PV0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark J. Barrenechea   Mgmt   For   For
Elect Director Michael W. Hagee   Mgmt   For   For
Elect Director Charles M. Boesenberg   Mgmt   For   For
Elect Director Gary A. Griffiths   Mgmt   For   For
Elect Director Hagi Schwartz   Mgmt   For   For
Elect Director Ronald D. Verdoorn   Mgmt   For   For
Elect Director Douglas R. King   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Ascena Retail Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ASNA    07-Dec-11    USA    04351G101    Annual    10-Oct-11

CUSIP: 04351G101    ISIN: US04351G1013    SEDOL: B65D9Z3

Ascena Retail Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David R. Jaffe   Mgmt   For   For
Elect Director Klaus Eppler   Mgmt   For   For
Elect Director Kate Buggeln   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSCO    07-Dec-11    USA    17275R102    Annual    10-Oct-11

 

CUSIP: 17275R102    ISIN: US17275R1023    SEDOL: 2198163

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol A. Bartz   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Michael D. Capellas   Mgmt   For   For
Elect Director Larry R. Carter   Mgmt   For   For
Elect Director John T. Chambers   Mgmt   For   For
Elect Director Brian L. Halla   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Richard M. Kovacevich   Mgmt   For   For
Elect Director Roderick C. McGeary   Mgmt   For   For
Elect Director Arun Sarin   Mgmt   For   For
Elect Director Steven M. West   Mgmt   For   For
Elect Director Jerry Yang   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cisco Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis as the proposal is to establish an Environmental Sustainability committee.
Report on Internet Fragmentation   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Westpac Banking Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WBC    14-Dec-11    Australia    Q97417101    Annual    12-Dec-11

 

CUSIP: Q97417101    ISIN: AU000000WBC1    SEDOL: 6076146

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Lindsay Philip Maxsted as a Director   Mgmt   For   For
Elect John Simon Curtis as a Director   Mgmt   For   For
Elect Ann Pickard as a Director   Mgmt   For   For

Aruba Networks, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARUN    15-Dec-11    USA    043176106    Annual    20-Oct-11

 

CUSIP: 043176106    ISIN: US0431761065    SEDOL: B1VRPM3

Aruba Networks, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dominic P. Orr   Mgmt   For   For
Elect Director Keerti Melkote   Mgmt   For   For
Elect Director Bernard Guidon   Mgmt   For   For
Elect Director Emmanuel Hernandez   Mgmt   For   For
Elect Director Michael R. Kourey   Mgmt   For   For
Elect Director Douglas Leone   Mgmt   For   For
Elect Director Willem P. Roelandts   Mgmt   For   For
Elect Director Juergen Rottler   Mgmt   For   For
Elect Director Daniel Warmenhoven   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

National Australia Bank Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NAB    15-Dec-11    Australia    Q65336119    Annual    13-Dec-11

 

CUSIP: Q65336119    ISIN: AU000000NAB4    SEDOL: 6624608

 

  Proponent   Mgmt Rec   Vote Instruction
Elect John Thorn as a Director   Mgmt   For   For
Elect Geoff Tomlinson as a Director   Mgmt   For   For
Elect Ken Henry as a Director   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Cameron Clyne, CEO of the company   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Mark Joiner, Execuive Director of Finance   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Australia and New Zealand Banking Group Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANZ    16-Dec-11    Australia    Q09504137    Annual    14-Dec-11

 

CUSIP: Q09504137    ISIN: AU000000ANZ3    SEDOL: 6065586

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Remuneration Report   Mgmt   For   For
Approve the Grant of Performance Rights to Michael Smith, Chief Executive Officer of the Company   Mgmt   For   For
Approve the Terms and Conditions of the Selective Buy-Back Schemes Relating to the Buy-Back of the June 2007 Sterling Preference Shares   Mgmt   For   For
Ratify Past Issue of 13.4 Million Convertible Preference Shares   Mgmt   For   For
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Shareholder Proposal   Mgmt    
Elect R.J. Reeves as a Director   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Management Proposals   Mgmt    
Elect P.A.F. Hay as a Director   Mgmt   For   For
Elect A.M. Watkins as a Director   Mgmt   For   For

Robbins & Myers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RBN    05-Jan-12    USA    770196103    Annual    16-Nov-11

 

CUSIP: 770196103    ISIN: US7701961036    SEDOL: 2743206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard J. Giromini   Mgmt   For   For
Elect Director Stephen F. Kirk   Mgmt   For   For
Elect Director Peter C. Wallace   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Acuity Brands, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AYI    06-Jan-12    USA    00508Y102    Annual    09-Nov-11

 

CUSIP: 00508Y102    ISIN: US00508Y1029    SEDOL: 2818461

 

    Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter C. Browning   Mgmt   For   For
Elect Director Ray M. Robinson   Mgmt   For   For
Elect Director Norman H. Wesley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Approve Deferred Compensation Plan   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    06-Jan-12    United Kingdom    G03764134    Special    04-Jan-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

    Proponent   Mgmt Rec   Vote Instruction
Approve Acquisition of the Entire Equity and Shareholder Loan Interests of the CHL Group in DB Investments SA and De Beers SA   Mgmt   For   For
Policy Rationale: TDAM evaluates merger & acquisition proposals on a case-by-case basis.

The Greenbrier Companies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBX    06-Jan-12    USA    393657101    Annual    17-Nov-11

 

CUSIP: 393657101    ISIN: US3936571013    SEDOL: 2387530

The Greenbrier Companies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Furman   Mgmt   For   For
Elect Director C. Bruce Ward   Mgmt   For   For

Elect Director Charles J. Swindells   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Actuant Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATU    10-Jan-12    USA    00508X203    Annual    14-Nov-11

 

CUSIP: 00508X203    ISIN: US00508X2036    SEDOL: 2716792

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Arzbaecher   Mgmt   For   For
Elect Director Gurminder S. Bedi   Mgmt   For   For
Elect Director Gustav H.p. Boel   Mgmt   For   For
Elect Director Thomas J. Fischer   Mgmt   For   For
Elect Director William K. Hall   Mgmt   For   For
Elect Director R. Alan Hunter   Mgmt   For   For
Elect Director Robert A. Peterson   Mgmt   For   For
Elect Director Holly A. Van Deursen   Mgmt   For   For
Elect Director Dennis K. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

HealthSpring, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HS    12-Jan-12    USA    42224N101    Special    08-Dec-11

 

CUSIP: 42224N101    ISIN: US42224N1019    SEDOL: B0Y4Z91

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition.proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1.      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1.      

Ariba, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARBA    20-Jan-12    USA    04033V203    Annual    01-Dec-11

 

CUSIP: 04033V203    ISIN: US04033V2034    SEDOL: B01RQB2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harriet Edelman   Mgmt   For   For
Elect Director Richard A. Kashnow   Mgmt   For   For
Elect Director Robert D. Johnson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Siemens AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIE    24-Jan-12    Germany    D69671218    Annual   

 

CUSIP: D69671218    ISIN: DE0007236101    SEDOL: 5727973

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proposals   Mgmt    
Receive Financial Statements and Statutory Reports for Fiscal 2010/2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 3.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2010/2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2010/2011   Mgmt   For   For
Ratify Ernst & Young GmbH as Auditors for Fiscal 2011/2012   Mgmt   For   For

Shareholder Proposal Submitted by Verein von Belegschaftsaktionaeren in der Siemens AG e.V Muenchen   Mgmt    
Amend Articles Re: Female Representation on the Supervisory Board   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Johnson Controls, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JCI    25-Jan-12    USA    478366107    Annual    17-Nov-11

 

CUSIP: 478366107    ISIN: US4783661071    SEDOL: 2476803

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis W. Archer   Mgmt   For   For
Elect Director Mark P. Vergnano   Mgmt   For   For
Elect Director Richard Goodman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Jacobs Engineering Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JEC    26-Jan-12    USA    469814107    Annual    02-Dec-11

 

CUSIP: 469814107    ISIN: US4698141078    SEDOL: 2469052

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Noel G. Watson   Mgmt   For   For
Elect Director Joseph R. Bronson   Mgmt   For   For
Elect Director Peter J. Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Sally Beauty Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBH    26-Jan-12    USA    79546E104    Annual    28-Nov-11

 

CUSIP: 79546E104    ISIN: US79546E1047    SEDOL: B1GZ005

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth A. Giuriceo   Mgmt   For   For
Elect Director Robert R. McMaster   Mgmt   For   For
Elect Director Martha Miller   Mgmt   For   For
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

ViaSat, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VSAT    27-Jan-12    USA    92552V100    Annual    06-Dec-11

 

CUSIP: 92552V100    ISIN: US92552V1008    SEDOL: 2946243

ViaSat, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark Dankberg   Mgmt   For   For
Elect Director Michael Targoff   Mgmt   For   For
Elect Director Harvey White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Two Years   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Microsemi Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSCC    31-Jan-12    USA    595137100    Annual    05-Dec-11

 

CUSIP: 595137100    ISIN: US5951371005    SEDOL: 2588140

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Peterson   Mgmt   For   For
Elect Director Dennis R. Leibel   Mgmt   For   For
Elect Director Thomas R. Anderson   Mgmt   For   For
Elect Director William E. Bendush   Mgmt   For   For
Elect Director William L. Healey   Mgmt   For   For
Elect Director Paul F. Folino   Mgmt   For   For
Elect Director Matthew E. Massengill   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Visa Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
V    31-Jan-12    USA    92826C839    Annual    05-Dec-11

 

CUSIP: 92826C839    ISIN: US92826C8394    SEDOL: B2PZN04

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary P. Coughlan   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Francisco Javier Fernandez-Carbajal   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Cathy E. Minehan   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director David J. Pang   Mgmt   For   For
Elect Director Joseph W. Saunders   Mgmt   For   For
Elect Director William S. Shanahan   Mgmt   For   For
Elect Director John A. Swainson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors    Mgmt    For    For

Imperial Tobacco Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IMT    01-Feb-12    United Kingdom    G4721W102    Annual    30-Jan-12

 

CUSIP: G4721W102    ISIN: GB0004544929    SEDOL: 0454492

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Ken Burnett as Director   Mgmt   For   For
Re-elect Alison Cooper as Director   Mgmt   For   For

Imperial Tobacco Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Robert Dyrbus as Director   Mgmt   For   For
Re-elect Michael Herlihy as Director   Mgmt   For   For
Re-elect Susan Murray as Director   Mgmt   For   For
Re-elect Iain Napier as Director   Mgmt   For   For
Re-elect Berge Setrakian as Director   Mgmt   For   For
Re-elect Mark Williamson as Director   Mgmt   For   For
Elect Malcolm Wyman as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Emerson Electric Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EMR    07-Feb-12    USA    291011104    Annual    29-Nov-11

 

CUSIP: 291011104    ISIN: US2910111044    SEDOL: 2313405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Fernandez G.   Mgmt   For   For
Elect Director A.F. Golden   Mgmt   For   For
Elect Director W.R. Johnson   Mgmt   For   For
Elect Director J.B. Menzer   Mgmt   For   For
Elect Director A.A. Busch, III   Mgmt   For   For
Elect Director R.I. Ridgway   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Emerson Electric Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Sustainability   SH   Against   For
Policy Rationale: TDAM supports disclosure related proposals.      
Declassify the Board of Directors   SH   Against   For

Policy Rationale: The annual election of directors is generally supported.

      

Accenture plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSA    09-Feb-12    Ireland    G1151C101    Annual    12-Dec-11

 

CUSIP: G1151C101    ISIN: IE00B4BNMY34    SEDOL: B412KX5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Reelect Dina Dublon as a Director   Mgmt   For   For
Reelect William D. Green as a Director   Mgmt   For   For
Reelect Nobuyuki Idei as a Director   Mgmt   For   For
Reelect Marjorie Magner as a Director   Mgmt   For   For

Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Authorize the Holding of the 2013 AGM at a Location Outside Ireland   Mgmt   For   For
Authorize Open-Market Purchases of Class A Ordinary Shares   Mgmt   For   For
Determine the Price Range at which Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    16-Feb-12    USA    559181102    Special    06-Jan-12

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Refer to Item 1      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1      

Ruddick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDK    16-Feb-12    USA    781258108    Annual    09-Dec-11

 

CUSIP: 781258108    ISIN: US7812581087    SEDOL: 2758482

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John R. Belk   Mgmt   For   For
Elect Director John P. Derham Cato   Mgmt   For   For
Elect Director Thomas W. Dickson   Mgmt   For   For
Elect Director James E.S. Hynes   Mgmt   For   For
Elect Director Anna Spangler Nelson   Mgmt   For   For

Elect Director Bailey W. Patrick   Mgmt   For   For
Elect Director Robert H. Spilman, Jr.   Mgmt   For   For
Elect Director Harold C. Stowe   Mgmt   For   For
Elect Director Isaiah Tidwell   Mgmt   For   For
Elect Director William C. Warden, Jr.   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ruddick Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Apple Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAPL    23-Feb-12    USA    037833100    Annual    27-Dec-11

 

CUSIP: 037833100    ISIN: US0378331005    SEDOL: 2046251

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William V. Campbell   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 73.6 percent of votes cast at the previous AGM. The company continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Campbell, Drexler, and Gore, who serve on the Nominating and Corporate Governance Committee of the board.
Elect Director Timothy D. Cook   Mgmt   For   For
Elect Director Millard S. Drexler   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Al Gore   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For

Elect Director Arthur D. Levinson   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Conflict of Interest Report   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Apple Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Directors’ Compensation   SH   Against   Against

Policy Rationale: TDAM votes with management on this proposal.

      
Report on Political Contributions   SH   Against   Against

Policy Rationale: TDAM support for this proposal is not warranted.

      
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Sirona Dental Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIRO    23-Feb-12    USA    82966C103    Annual    27-Dec-11

 

CUSIP: 82966C103    ISIN: US82966C1036    SEDOL: B17MSX4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David K. Beecken   Mgmt   For   For
Elect Director Jost Fischer   Mgmt   For   For
Elect Director Arthur D. Kowaloff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Nordson Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDSN    28-Feb-12    USA    655663102    Annual    03-Jan-12

CUSIP: 655663102    ISIN: US6556631025    SEDOL: 2641838

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Merriman, Jr   Mgmt   For   For
Elect Director Frank M. Jaehnert   Mgmt   For   For
Elect Director Arthur L. George, Jr.   Mgmt   For   For

Nordson Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Annual    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adam K. Bernstein   Mgmt   For   For
Elect Director Jeffrey Flug   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Special    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

Multi-Fineline Electronix, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFLX    05-Mar-12    USA    62541B101    Annual    09-Jan-12

 

CUSIP: 62541B101    ISIN: US62541B1017    SEDOL: B011MJ4

Multi-Fineline Electronix, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe Lemaitre   Mgmt   For   For
Elect Director Donald K. Schwanz   Mgmt   For   For
Elect Director See Meng Wong   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

QUALCOMM Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QCOM    06-Mar-12    USA    747525103    Annual    09-Jan-12

 

CUSIP: 747525103    ISIN: US7475251036    SEDOL: 2714923

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara T. Alexander   Mgmt   For   For
Elect Director Stephen M. Bennett   Mgmt   For   For
Elect Director Donald G. Cruickshank   Mgmt   For   For
Elect Director Raymond V. Dittamore   Mgmt   For   For
Elect Director Thomas W. Horton   Mgmt   For   For
Elect Director Paul E. Jacobs   Mgmt   For   For
Elect Director Robert E. Kahn   Mgmt   For   For
Elect Director Sherry Lansing   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 51.5 percent of votes cast at the previous AGM. Although the company has adopted a director resignation policy, it continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Lansing, Ros, and Scowcroft, who serve on the Corporate Governance Committee of the board.
Elect Director Duane A. Nelles   Mgmt   For   For
Elect Director Francisco Ros   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.  

QUALCOMM Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brent Scowcroft   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc I. Stern   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Eliminate Provision Relating to Plurality Voting for the Election of Directors   Mgmt   For   For
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Parametric Technology Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PMTC    07-Mar-12    USA    699173209    Annual    06-Jan-12

 

CUSIP: 699173209    ISIN: US6991732099    SEDOL: B103771

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald K. Grierson   Mgmt   For   For
Elect Director James E. Heppelmann   Mgmt   For   For
Elect Director Renato Zambonini   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

Piedmont Natural Gas Company, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNY    08-Mar-12    USA    720186105    Annual    03-Jan-12

 

CUSIP: 720186105    ISIN: US7201861058    SEDOL: 2688147

Piedmont Natural Gas Company, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director E. James Burton   Mgmt   For   For
Elect Director John W. Harris   Mgmt   For   For
Elect Director Aubrey B. Harwell, Jr.   Mgmt   For   For
Elect Director David E. Shi   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Reduce Supermajority Vote Requirement in the Articles of Incorporation   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Reduce Supermajority Vote Requirement in the Bylaws   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

El Paso Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EP    09-Mar-12    USA    28336L109    Special    20-Jan-12

 

CUSIP: 28336L109    ISIN: US28336L1098    SEDOL: 2295945

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For

The Walt Disney Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DIS    13-Mar-12    USA    254687106    Annual    13-Jan-12

 

CUSIP: 254687106    ISIN: US2546871060    SEDOL: 2270726

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan E. Arnold   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Judith L. Estrin   Mgmt   For   For
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Fred H. Langhammer   Mgmt   For   For
Elect Director Aylwin B. Lewis   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Sheryl Sandberg   Mgmt   For   For
Elect Director Orin C. Smith   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed, TDAM normally opposes option/compensation plans when full plan text is not included in the circular.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Concur Technologies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNQR    14-Mar-12    USA    206708109    Annual    18-Jan-12

 

CUSIP: 206708109    ISIN: US2067081099    SEDOL: 2325091

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. Steven Singh   Mgmt   For   For
Elect Director Jeffrey T. Seely   Mgmt   For   For
Elect Director Randall H. Talbot   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Concur Technologies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Franklin Resources, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEN    14-Mar-12    USA    354613101    Annual    17-Jan-12

 

CUSIP: 354613101    ISIN: US3546131018    SEDOL: 2350684

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel H. Armacost   Mgmt   For   For
Elect Director Charles Crocker   Mgmt   For   For
Elect Director Joseph R. Hardiman   Mgmt   For   For
Elect Director Charles B. Johnson   Mgmt   For   For
Elect Director Gregory E. Johnson   Mgmt   For   For
Elect Director Rupert H. Johnson, Jr.   Mgmt   For   For
Elect Director Mark C. Pigott   Mgmt   For   For
Elect Director Chutta Ratnathicam   Mgmt   For   For
Elect Director Laura Stein   Mgmt   For   For
Elect Director Anne M. Tatlock   Mgmt   For   For
Elect Director Geoffrey Y. Yang   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Bilbao Vizcaya Argentaria, S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBVA    15-Mar-12    Spain    E11805103    Annual    08-Mar-12

 

CUSIP: E11805103    ISIN: ES0113211835    SEDOL: 5501906

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    

Banco Bilbao Vizcaya Argentaria, S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Standalone and Consolidated Financial Statements, Allocation of Income, Distribution of Dividend, and Discharge Directors for FY 2011   Mgmt   For   For

Reelect José Antonio Fernández Rivero as Director   Mgmt   For   For
Reelect José Maldonado Ramos as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Reelect Enrique Medina Fernández as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Ratify Co-option and Appoint Juan Pi Llorens as Director   Mgmt   For   For
Elect Belén Garijo López as Director   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of New Shares, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities Without Preemptive Rights up to EUR 12 Billion   Mgmt   For   For
Amend and Approve Termination of Multi-Year Variable Share Remuneration Programme for 2010/2011   Mgmt   For   For
Approve Deferred Share Bonus Plan for FY 2012   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend General Meeting Regulations   Mgmt   For   For
Ratify Deloitte as Auditors   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Hewlett-Packard Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HPQ    21-Mar-12    USA    428236103    Annual    23-Jan-12

 

CUSIP: 428236103    ISIN: US4282361033    SEDOL: 2424006

Hewlett-Packard Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director Shumeet Banerji   Mgmt   For   For
Elect Director Rajiv L. Gupta   Mgmt   For   For
Elect Director John H. Hammergren   Mgmt   For   For

Elect Director Raymond. J. Lane   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director G. M. Reiner   Mgmt   For   For
Elect Director Patricia. F. Russo   Mgmt   For   For
Elect Director G. Kennedy Thompson   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Ralph. V. Whitworth   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Retention Ratio for Executives   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Novo Nordisk A/S

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOVO B    21-Mar-12    Denmark    K7314N152    Annual    14-Mar-12

 

CUSIP: K7314N152    ISIN: DK0060102614    SEDOL: 7077524

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Report of Board   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration of Directors for 2011 in the Aggregate Amount of DKK 9,400,000   Mgmt   For   For
Approve Remuneration of Directors for 2012; Approve Fees for Committee Work   Mgmt   For   For
Approve Allocation of Income and Dividends of DKK 14.00 per Share   Mgmt   For   For
Reelect Sten Scheibye as Chairman   Mgmt   For   For

Novo Nordisk A/S

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Goran Ando as Vice Chairman   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bruno Angelici as Director   Mgmt   For   For
Reelect Henrik Gurtler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  

Reelect Thomas Koestler as Director   Mgmt   For   For
Reelect Kurt Nielsen as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Hannu Ryopponen as Director   Mgmt   For   For
Elect Liz Hewitt as New Director   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve DKK 20 Million Reduction in Share Capital via Share Cancellation   Mgmt   For   For
Authorize Repurchase up to 10 Percent of Share Capital   Mgmt   For   For
Amend Articles Re: Electronic Communication With Shareholders   Mgmt   For   For
Amend Articles to Reflect Name Change of the Danish Business Authority   Mgmt   For   For
Approve Revised Remuneration Principles   Mgmt   For   For
Other Business   Mgmt    

Nordea Bank AB

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDA    22-Mar-12    Sweden    W57996105    Annual    16-Mar-12

 

CUSIP: W57996105    ISIN: SE0000427361    SEDOL: 5380031

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Claes Beyer as Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Speech   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.26 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For

Determine Number of Members (9) and Deputy Members (0) of Board   Mgmt   For   For
Fix Number of Auditors at One   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 252,000 for Chairman, EUR 97,650 for Deputy Chairman, and EUR 75,600 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Items 13.1 and 13.2 are Presented as a Single Item (Item 13) on the Original Agenda. Item 13.1 Represents the Election of the Management’s Slate for Directors, whereas Item 13.2 is a Shareholder Proposal to Elect an Additional Director   Mgmt    
Reelect Bjorn Wahlroos (Chairman), Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom Knutzen, Lars Nordstrom, Sarah Russell, and Kari Stadigh as Directors; Elect Peter Braunwalder as New Director   Mgmt   For   For
Elect Jorgen Hyldgaard as New Director   SH   None   Do Not Vote
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify KPMG as Auditors   Mgmt   For   For
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Authorize Repurchase of Shares in Connection with Securities Trading   Mgmt   For   For
Approve Remuneration Policy and Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan   Mgmt   For   For
Approve Issuance of up to 2.7 Million Class C-Shares, Approve Repurchase of up to 2.7 Million Class C-Shares, Approve Reallocation of Shares, and Approve Conveyance of up to 7.8 Million Class C-Shares   Mgmt   For   For
Shareholder Proposals   Mgmt    

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Detach Remuneration from Economic Criteria; Reduce Director and Executive Management Remuneration by 10-20 percent; Allow Moral Criteria to Determine Remuneration; Specify how Financial Advisory Engagements are Evaluated   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.  

HEICO Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HEI    26-Mar-12    USA    422806109    Annual    20-Jan-12

CUSIP: 422806109    ISIN: US4228061093    SEDOL: 2419217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adolfo Henriques   Mgmt   For   For
Elect Director Samuel L. Higginbottom   Mgmt   For   For
Elect Director Mark H. Hildebrandt   Mgmt   For   For
Elect Director Wolfgang Mayrhuber   Mgmt   For   For
Elect Director Eric A. Mendelson   Mgmt   For   For
Elect Director Laurans A. Mendelson   Mgmt   For   For
Elect Director Victor H. Mendelson   Mgmt   For   For
Elect Director Alan Schriesheim   Mgmt   For   For
Elect Director Frank J. Schwitter   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Increase Authorized Class A Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Ratify Auditors   Mgmt   For   For

CLARCOR Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLC    27-Mar-12    USA    179895107    Annual    03-Feb-12

 

CUSIP: 179895107    ISIN: US1798951075    SEDOL: 2201265

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Marc Adam   Mgmt   For   For
Elect Director James W. Bradford, Jr.   Mgmt   For   For
Elect Director James L. Packard   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Santander S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    29-Mar-12    Spain    E19790109    Annual    22-Mar-12

CUSIP: E19790109    ISIN: ES0113900J37    SEDOL: 5705946

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Accept Individual and Consolidated Financial Statements and Statutory Reports for FY 2011   Mgmt   For   For
Approve Discharge of Directors for FY 2011   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.60 Per Share   Mgmt   For   For
Elect Esther Gimenez-Salinas Colomer as Director   Mgmt   For   For
Ratify Appointment of and Elect Vittorio Corbo Lioi as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Reelect Juan Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Reelect Emilio Botin-Sanz de Sautuola y Garcia de los Rios as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Reelect Matias Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  

Banco Santander S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Manuel Soto Serrano as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.  
Renew Appointment of Deloitte as Auditor   Mgmt   For   For
Amend Articles 22, 23, 24, 27, 31, and 61   Mgmt   For   For
Amend Article 69   Mgmt   For   For
Amend 4, 5, 6, 7, and 8 of General Meeting Regulations   Mgmt   For   For
Amend Articles 18, 19, 21, 22, and 26 of General Meeting Regulations   Mgmt   For   For
Authorize Capital Increase of EUR 500 Million   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For

Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities up to EUR 8 Billion with 20 Percent Dilution Limit on Issues Excluding Preemptive Rights   Mgmt   For   For
Authorize Issuance of Non-convertible Debt and Fixed- Income Securities up to EUR 40 Billion   Mgmt   For   For
Approve New Conversion Date for 2007 Mandatorily Convertible Debentures   Mgmt   For   For
Approve Deferred Annual Bonus under Second Cycle of Deferred and Conditional Variable Remuneration Plan   Mgmt   For   For
Approve Deferred Annual Share Bonus Plan under Third Cycle of Deferred and Conditional Share Plan   Mgmt   For   For
Approve Savings Plan for Santander UK plc Employees and Other Companies of Santander Group in UK   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Canon Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7751    29-Mar-12    Japan    J05124144    Annual    31-Dec-11

 

CUSIP: J05124144    ISIN: JP3242800005    SEDOL: 6172323

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 60   Mgmt   For   For
Amend Articles To Authorize Internet Disclosure of Shareholder Meeting Materials - Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Mitarai, Fujio   Mgmt   For   For
Elect Director Tanaka, Toshizo   Mgmt   For   For
Elect Director Ikoma, Toshiaki   Mgmt   For   For
Elect Director Watanabe, Kunio   Mgmt   For   For
Elect Director Adachi, Yoroku   Mgmt   For   For
Elect Director Mitsuhashi, Yasuo   Mgmt   For   For
Elect Director Matsumoto, Shigeyuki   Mgmt   For   For
Elect Director Homma, Toshio   Mgmt   For   For
Elect Director Nakaoka, Masaki   Mgmt   For   For

Elect Director Honda, Haruhisa   Mgmt   For   For
Elect Director Ozawa, Hideki   Mgmt   For   For
Elect Director Maeda, Masaya   Mgmt   For   For
Elect Director Tani, Yasuhiro   Mgmt   For   For
Elect Director Araki, Makoto   Mgmt   For   For
Elect Director Suematsu, Hiroyuki   Mgmt   For   For
Elect Director Uzawa, Shigeyuki   Mgmt   For   For
Elect Director Nagasawa, Kenichi   Mgmt   For   For
Elect Director Otsuka, Naoji   Mgmt   For   For
Appoint Statutory Auditor Uramoto, Kengo   Mgmt   For   For
Approve Retirement Bonus Payment for Directors   Mgmt   For   Against
Policy Rationale: Approval of this proposal is not warranted because the bonus amounts are not disclosed.  
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Daimler AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAI    04-Apr-12    Germany    D1668R123    Annual   

 

CUSIP: D1668R123    ISIN: DE0007100000    SEDOL: 5529027

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.20 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Reelect Clemens Boersig to the Supervisory Board   Mgmt   For   For

LVMH Moet Hennessy Louis Vuitton

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MC    05-Apr-12    France    F58485115    Annual/Special    30-Mar-12

 

CUSIP: F58485115    ISIN: FR0000121014    SEDOL: 4061412

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM votes against this item because the comapny failed to provide adequate information (notably rationale and price setting conditions) on an assistance agreement involving the majority shareholder of LVMH, Groupe Arnault SAS, controlled by the chairman and CEO of the company.
Approve Allocation of Income and Dividends of EUR 2.60 per Share   Mgmt   For   For
Ratify Appointment of Francesco Trapani as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Appointment of Felix G. Rohatyn as Censor   Mgmt   For   Against
Policy Rationale: TDAM votes against this item as the company has failed to disclose an appropriate rationale for the nominee’s requested appointment.

LVMH Moet Hennessy Louis Vuitton

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Antoine Arnault as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Albert Frere as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Gilles Hennessy as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Lord Powell Of Bayswater as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Yves Thibault De Silguy as Director   Mgmt   For   For
Approve Remuneration of Directors in the Aggregate Amount of EUR 1.26 Million   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Amend Article 23 of Bylaws Re: Convening of General Meeting upon Second Call and Proxy Voting   Mgmt   For   For

Schlumberger Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLB    11-Apr-12    NetherlandsAntilles    806857108    Annual    22-Feb-12

 

CUSIP: 806857108    ISIN: AN8068571086    SEDOL: 2779201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L.S. Currie   Mgmt   For   For

Elect Director Tony Isaac

   Mgmt   For   For

Elect Director K. Vaman Kamath

   Mgmt   For   For

Elect Director Paal Kibsgaard

   Mgmt   For   For

Schlumberger Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nikolay Kudryavtsev   Mgmt   For   For

Elect Director Adrian Lajous

   Mgmt   For   For

Elect Director Michael E. Marks

   Mgmt   For   For

Elect Director Elizabeth Moler

   Mgmt   For   For

Elect Director Lubna S. Olayan

   Mgmt   For   For

Elect Director Leo Rafael Reif

   Mgmt   For   For

Elect Director Tore I. Sandvold

   Mgmt   For   For

Elect Director Henri Seydoux

   Mgmt   For   For

Advisory Vote to Ratify Named Executive Officers’ Compensation

   Mgmt   For   For

Adopt and Approve Financials and Dividends

   Mgmt   For   For

Ratify PricewaterhouseCoopers LLP as Auditors

   Mgmt   For   For

Amend Non-Employee Director Omnibus Stock Plan

   Mgmt   For   Against
Policy Rationale: The plan includes restricted stock and performance goals or hurdle rates were not established. TDAM generally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

BP plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BP.    12-Apr-12    United Kingdom    G12793108    Annual    10-Apr-12

 

CUSIP: G12793108    ISIN: GB0007980591    SEDOL: 0798059

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Approve Remuneration Report

   Mgmt   For   For

Re-elect Robert Dudley as Director

   Mgmt   For   For

Re-elect Iain Conn as Director

   Mgmt   For   For

Elect Dr Brian Gilvary as Director

   Mgmt   For   For

Re-elect Dr Byron Grote as Director

   Mgmt   For   For

Re-elect Paul Anderson as Director

   Mgmt   For   For

Re-elect Frank Bowman as Director

   Mgmt   For   For

BP plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Antony Burgmans as Director   Mgmt   For   For

Re-elect Cynthia Carroll as Director

   Mgmt   For   For

Re-elect George David as Director

   Mgmt   For   For

Re-elect Ian Davis as Director

   Mgmt   For   For

Elect Dame Ann Dowling as Director

   Mgmt   For   For

Re-elect Brendan Nelson as Director

   Mgmt   For   For

Re-elect Phuthuma Nhleko as Director

   Mgmt   For   For

Elect Andrew Shilston as Director

   Mgmt   For   For

Re-elect Carl-Henric Svanberg as Director

   Mgmt   For   For

Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration

   Mgmt   For   For

Authorise Market Purchase

   Mgmt   For   For

Authorise Issue of Equity with Pre-emptive Rights

   Mgmt   For   For

Authorise Issue of Equity without Pre-emptive Rights

   Mgmt   For   For

Authorise the Company to Call EGM with Two Weeks’ Notice

   Mgmt   For   For

Vinci SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DG    12-Apr-12    France    F5879X108    Annual/Special    06-Apr-12

 

CUSIP: F5879X108    ISIN: FR0000125486    SEDOL: B1XH026

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.77 per Share   Mgmt   For   For
Reelect Jean Pierre Lamoure as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Vinci SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Related Party Transaction Re: Financing of Sud Europe Atlantique High Speed Railway Project   Mgmt   For   For
Approve Related Party Transaction of Vinci and Vinci Concessions with Vinci Autoroutes Re: Participation in ASF Holding   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Weyerhaeuser Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WY    12-Apr-12    USA    962166104    Annual    17-Feb-12

 

CUSIP: 962166104    ISIN: US9621661043    SEDOL: 2958936

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Debra A. Cafaro   Mgmt   For   For
Elect Director Mark A. Emmert   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the company’s 2010 annual meeting, the company received a shareholder proposal asking the company to amend its bylaws to give holders of ten percent of outstanding shares the right to call special meetings. This shareholder proposal received 55.1 percent of votes cast. At the 2011 AGM the company submitted a management proposal to allow the holders of not less than 25 percent of outstanding shares to call a special meeting. The majority supported shareholder resolution is still not implemented. Consequently, TDAM would normally oppose the members of the Governance Committee Emmert, Piasecki, Sinkfield, and Steuert. As the company is in the process of declassifyng the board, not all directors are proposed for election at this meeting.
Elect Director Daniel S. Fulton   Mgmt   For   For

Weyerhaeuser Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John I. Kieckhefer   Mgmt   For   For
Elect Director Wayne W. Murdy   Mgmt   For   For
Elect Director Nicole W. Piasecki   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Charles R. Williamson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

A. O. Smith Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AOS    16-Apr-12    USA    831865209    Annual    20-Feb-12

 

CUSIP: 831865209    ISIN: US8318652091    SEDOL: 2816023

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gloster B. Current, Jr.   Mgmt   For   For
Elect Director William P. Greubel   Mgmt   For   For
Elect Director Idelle K. Wolf   Mgmt   For   For
Elect Director Gene C. Wulf   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Chemical Financial Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHFC    16-Apr-12    USA    163731102    Annual    17-Feb-12

 

CUSIP: 163731102    ISIN: US1637311028    SEDOL: 2190277

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Anderson   Mgmt   For   For
Elect Director J. Daniel Bernson   Mgmt   For   For
Elect Director Nancy Bowman   Mgmt   For   For
Elect Director James R. Fitterling   Mgmt   For   For
Elect Director Thomas T. Huff   Mgmt   For   For
Elect Director Michael T. Laethem   Mgmt   For   For
Elect Director James B. Meyer   Mgmt   For   For
Elect Director Terence F. Moore   Mgmt   For   For
Elect Director Aloysius J. Oliver   Mgmt   For   For
Elect Director David B. Ramaker   Mgmt   For   For
Elect Director Grace O. Shearer   Mgmt   For   For
Elect Director Larry D. Stauffer   Mgmt   For   For
Elect Director Franklin C. Wheatlake   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Citigroup Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
C    17-Apr-12    USA    172967424    Annual    21-Feb-12

 

CUSIP: 172967424    ISIN: US1729674242    SEDOL: 2297907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Franz B. Humer   Mgmt   For   For

Citigroup Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Joss   Mgmt   For   For
Elect Director Michael E. O’Neill   Mgmt   For   For
Elect Director Vikram S. Pandit   Mgmt   For   For
Elect Director Lawrence R. Ricciardi   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Elect Director Anthony M. Santomero   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director William S. Thompson, Jr.   Mgmt   For   For
Elect Director Ernesto Zedillo Ponce de Leon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM normally opposes option/compensation plans when full plan text is not included in the circular, and will oppose incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance. In this case, only certain awards vest based on the attainment of business performance goals, and these objectives are not specified in the plan.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Report on Political Contributions and Lobbying Expenditures   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as the company has already effectively imposed incentives for senior executives to align their decision-making with the long-term interests of the company.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Pinnacle Financial Partners, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNFP    17-Apr-12    USA    72346Q104    Annual    24-Feb-12

 

CUSIP: 72346Q104    ISIN: US72346Q1040    SEDOL: 2675097

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen Conway-Welch   Mgmt   For   For
Elect Director Ed C. Loughry, Jr.   Mgmt   For   For
Elect Director Hal N. Pennington   Mgmt   For   For
Elect Director M. Terry Turner   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Prosperity Bancshares, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PB    17-Apr-12    USA    743606105    Annual    08-Mar-12

 

CUSIP: 743606105    ISIN: US7436061052    SEDOL: 2310257

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bouligny   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to eliminate the classification of the Board of Directors of the Company and require that all directors stand for election annually received the support of 66.9 percent of the votes cast at the 2010 AGM. Management has not submitted the declassification proposal to a shareholder’s vote at this year’s annual meeting. Additionally, the company continues to maintain a classified board structure. Consequently, TDAM would normally oppose elections of James A. Bouligny, William H. Fagan, and Robert Steelhammer, who serve on the Nominating and Governance committee of the board. However, given the classified nature of the board, Fagan is not standing for election this year.
Elect Director Robert Steelhammer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director H.E. Timanus, Jr.   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Stanley Black & Decker, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWK    17-Apr-12    USA    854502101    Annual    27-Feb-12

 

CUSIP: 854502101    ISIN: US8545021011    SEDOL: B3Q2FJ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patrick D. Campbell   Mgmt   For   For
Elect Director Benjamin H. Griswold, IV   Mgmt   For   For
Elect Director Eileen S. Kraus   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

T. Rowe Price Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TROW    17-Apr-12    USA    74144T108    Annual    17-Feb-12

 

CUSIP: 74144T108    ISIN: US74144T1088    SEDOL: 2702337

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward C. Bernard   Mgmt   For   For
Elect Director James T. Brady   Mgmt   For   For
Elect Director J. Alfred Broaddus, Jr.   Mgmt   For   For
Elect Director Donald B. Hebb, Jr.   Mgmt   For   For
Elect Director James A.C. Kennedy   Mgmt   For   For
Elect Director Robert F. MacLellan   Mgmt   For   For
Elect Director Brian C. Rogers   Mgmt   For   For
Elect Director Alfred Sommer   Mgmt   For   For
Elect Director Dwight S. Taylor   Mgmt   For   For
Elect Director Anne Marie Whittemore   Mgmt   For   For

T. Rowe Price Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

EQT Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQT    18-Apr-12    USA    26884L109    Annual    15-Feb-12

 

CUSIP: 26884L109    ISIN: US26884L1098    SEDOL: 2319414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth M. Burke   Mgmt   For   For
Elect Director Margaret K. Dorman   Mgmt   For   For
Elect Director Philip G. Behrman   Mgmt   For   For
Elect Director A. Bray Cary, Jr.   Mgmt   For   For
Elect Director Lee T. Todd, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: TDAM generally supports the annual election of directors.      

Wesbanco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSBC    18-Apr-12    USA    950810101    Annual    05-Mar-12

 

CUSIP: 950810101    ISIN: US9508101014    SEDOL: 2953782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ray A. Byrd   Mgmt   For   For
Elect Director Ernest S. Fragale   Mgmt   For   For

Wesbanco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reed J. Tanner   Mgmt   For   For
Elect Director John W. Fisher, II   Mgmt   For   For
Elect Director D. Bruce Knox   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    19-Apr-12    United Kingdom    G03764134    Annual    17-Apr-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect David Challen as Director   Mgmt   For   For
Re-elect Sir CK Chow as Director   Mgmt   For   For
Re-elect Sir Philip Hampton as Director   Mgmt   For   For
Re-elect Rene Medori as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Re-elect Ray O’Rourke as Director   Mgmt   For   For
Re-elect Sir John Parker as Director   Mgmt   For   For
Re-elect Mamphela Ramphele as Director   Mgmt   For   For
Re-elect Jack Thompson as Director   Mgmt   For   For
Re-elect Peter Woicke as Director   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For

Anglo American plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Intuitive Surgical, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ISRG    19-Apr-12    USA    46120E602    Annual    27-Feb-12

 

CUSIP: 46120E602    ISIN: US46120E6023    SEDOL: 2871301

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary S. Guthart   Mgmt   For   For
Elect Director Mark J. Rubash   Mgmt   For   For
Elect Director Lonnie M. Smith   Mgmt   For   For
Amend Stock Option Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Ratify Auditors   Mgmt   For   For

Rio Tinto plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    19-Apr-12    United Kingdom    G75754104    Annual    17-Apr-12

 

CUSIP: G75754104    ISIN: GB0007188757    SEDOL: 0718875

 

  Proponent   Mgmt Rec   Vote Instruction
Resolutions 1 to 16 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Rio Tinto plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chris Lynch as Director   Mgmt   For   For
Elect John Varley as Director   Mgmt   For   For
Re-elect Tom Albanese as Director   Mgmt   For   For
Re-elect Robert Brown as Director   Mgmt   For   For
Re-elect Vivienne Cox as Director   Mgmt   For   For
Re-elect Jan du Plessis as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Michael Fitzpatrick as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Richard Goodmanson as Director   Mgmt   For   For
Re-elect Lord Kerr as Director   Mgmt   For   For
Re-elect Paul Tellier as Director   Mgmt   For   For
Re-elect Sam Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Resolutions 17 to 22 will be Voted on by Rio Tinto plc Shareholders Only   Mgmt    
Approve Global Employee Share Plan   Mgmt   For   For
Approve Share Savings Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vivendi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VIV    19-Apr-12    France    F97982106    Annual    13-Apr-12

 

CUSIP: F97982106    ISIN: FR0000127771    SEDOL: 4834777

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

Vivendi

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1 per Share   Mgmt   For   For
Reelect Jean-Rene Fourtou as Supervisory Board Member   Mgmt   For   For
Reelect Philippe Donnet as Supervisory Board Member   Mgmt   For   For
Renew Appointment of Ernst et Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Auditex as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Volkswagen AG (VW)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOW    19-Apr-12    Germany    D94523145    Special    28-Mar-12

 

CUSIP: D94523145    ISIN: DE0007664005    SEDOL: 5497102

 

  Proponent   Mgmt Rec   Vote Instruction
Meeting for Preferred Shareholders   Mgmt    
Approve Creation of EUR 110 Million Pool of Capital without Preemptive Rights   Mgmt   For   For

Wolverine World Wide, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WWW    19-Apr-12    USA    978097103    Annual    01-Mar-12

 

CUSIP: 978097103    ISIN: US9780971035    SEDOL: 2977500

Wolverine World Wide, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alberto L. Grimoldi   Mgmt   For   For
Elect Director Joseph R. Gromek   Mgmt   For   For
Elect Director Brenda J. Lauderback   Mgmt   For   For
Elect Director Shirley D. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

LaSalle Hotel Properties

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LHO    20-Apr-12    USA    517942108    Annual    08-Feb-12

 

CUSIP: 517942108    ISIN: US5179421087    SEDOL: 2240161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey T. Foland   Mgmt   For   For
Elect Director Darryl Hartley-Leonard   Mgmt   For   For
Elect Director William S. McCalmont   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

South Jersey Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SJI    20-Apr-12    USA    838518108    Annual    27-Feb-12

 

CUSIP: 838518108    ISIN: US8385181081    SEDOL: 2825933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Bracken   Mgmt   For   For

South Jersey Industries, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith S. Campbell   Mgmt   For   For
Elect Director Sheila Hartnett-Devlin   Mgmt   For   For
Elect Director Victor A. Fortkiewicz   Mgmt   For   For
Elect Director Edward J. Graham   Mgmt   For   For
Elect Director Walter M. Higgins, III   Mgmt   For   For

Elect Director Sunita Holzer   Mgmt   For   For
Elect Director Joseph H. Petrowski   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

GDF Suez

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSZ    23-Apr-12    France    F42768105    Annual/Special    17-Apr-12

 

CUSIP: F42768105    ISIN: FR0010208488    SEDOL: B0C2CQ3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.50 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Gerard Mestrallet as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent. TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Jean-Francois Cirelli as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Jean-Louis Beffa as Director   Mgmt   For   For
Reelect Paul Desmarais Jr as Director   Mgmt   For   For
Reelect Lord Simon of Highbury as Director   Mgmt   For   For

Appoint Gerard Lamarche as Censor   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted because the company has failed to provide an adequate rationale on the proposed nomination.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Approve Issuance of up to 20 Percent of Issued Capital Per Year for a Private Placement, up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 275 Million   Mgmt   For   For
Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Article 13 of Bylaws Re: Employee Representatives in the Board   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles 16 and 17 of Bylaws Re: Age limit of the CEO and the Chairman of the Board   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Approve Payment of Interim Dividends (Shares)   Mgmt   For   For
Shareholder Proposal   Mgmt    
Approve Dividends od EUR 0.83 per Share   SH   Against   Against
Policy Rationale: This item corresponds to the approval of the allocation of income/distribution policy. TDAM votes with management on such proposals.

S&T Bancorp, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STBA    23-Apr-12    USA    783859101    Annual    19-Mar-12

 

CUSIP: 783859101    ISIN: US7838591011    SEDOL: 2781109

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Brenzia   Mgmt   For   For
Elect Director Todd D. Brice   Mgmt   For   For
Elect Director John J. Delaney   Mgmt   For   For
Elect Director Michael J. Donnelly   Mgmt   For   For
Elect Director William J. Gatti   Mgmt   For   For
Elect Director Jeffrey D. Grube   Mgmt   For   For
Elect Director Frank W. Jones   Mgmt   For   For
Elect Director Joseph A. Kirk   Mgmt   For   For
Elect Director David L. Krieger   Mgmt   For   For
Elect Director James V. Milano   Mgmt   For   For
Elect Director James C. Miller   Mgmt   For   For
Elect Director Alan Papernick   Mgmt   For   For
Elect Director Robert Rebich, Jr.   Mgmt   For   For
Elect Director Charles A. Spadafora   Mgmt   For   For
Elect Director Christine J. Toretti   Mgmt   For   For
Elect Director Charles G. Urtin   Mgmt   For   For

S&T Bancorp, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM supports an annual advisory vote on executive compensation.

Seaboard Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEB    23-Apr-12    USA    811543107    Annual    27-Feb-12

CUSIP: 811543107    ISIN: US8115431079    SEDOL: 2786687

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Bresky   Mgmt   For   Withhold
Policy Rationale: Items 1.1 - 1.5: TDAM generally recommends opposing Boards or specific nominees if possible, who previously authorized excessive compensation. In this case, the inclusion of excessive change in control or severance payments is a matter of concern, in particular, certain agreements contain guaranteed bonus and excessive severance provisions. In addition, support for the election of Steven J. Bresky is not warranted as TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director David A. Adamsen   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Douglas W. Baena   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Joseph E. Rodrigues   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Elect Director Edward I. Shifman, Jr.   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1      
Ratify Auditors   Mgmt   For   For
Animal Welfare   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Centene Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNC    24-Apr-12    USA    15135B101    Annual    24-Feb-12

 

CUSIP: 15135B101    ISIN: US15135B1017    SEDOL: 2807061

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert K. Ditmore   Mgmt   For   For
Elect Director Frederick H. Eppinger   Mgmt   For   For
Elect Director David L. Steward   Mgmt   For   For
Elect Director Orlando Ayala   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Dana Holding Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAN    24-Apr-12    USA    235825205    Annual    24-Feb-12

 

CUSIP: 235825205    ISIN: US2358252052    SEDOL: B2PFJR3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virginia A. Kamsky   Mgmt   For   For
Elect Director Terrence J. Keating   Mgmt   For   For
Elect Director Joseph C. Muscari   Mgmt   For   For
Elect Director Steven B. Schwarzwaelder   Mgmt   For   For
Elect Director Richard F. Wallman   Mgmt   For   For
Elect Director Keith E. Wandell   Mgmt   For   For
Elect Director Roger J. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

International Business Machines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBM    24-Apr-12    USA    459200101    Annual    24-Feb-12

 

CUSIP: 459200101    ISIN: US4592001014    SEDOL: 2005973

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alain J.P. Belda   Mgmt   For   For
Elect Director William R. Brody   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director David N. Farr   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director James W. Owens   Mgmt   For   For
Elect Director Samuel J. Palmisano   Mgmt   For   For
Elect Director Virginia M. Rometty   Mgmt   For   For

Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Sidney Taurel   Mgmt   For   For
Elect Director Lorenzo H. Zambrano   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Newmont Mining Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEM    24-Apr-12    USA    651639106    Annual    24-Feb-12

 

CUSIP: 651639106    ISIN: US6516391066    SEDOL: 2636607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce R. Brook   Mgmt   For   For
Elect Director Vincent A. Calarco   Mgmt   For   For
Elect Director Joseph A. Carrabba   Mgmt   For   For
Elect Director Noreen Doyle   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Michael S. Hamson   Mgmt   For   For
Elect Director Jane Nelson   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director John B. Prescott   Mgmt   For   For
Elect Director Donald C. Roth   Mgmt   For   For
Elect Director Simon R. Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.  

Rollins, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROL    24-Apr-12    USA    775711104    Annual    02-Mar-12

 

CUSIP: 775711104    ISIN: US7757111049    SEDOL: 2747305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary W. Rollins   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Elect Director Henry B. Tippie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

RPC, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RES    24-Apr-12    USA    749660106    Annual    02-Mar-12

 

CUSIP: 749660106    ISIN: US7496601060    SEDOL: 2719456

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard A. Hubbell   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Linda H. Graham   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Bill J. Dismuke   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Wells Fargo & Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WFC    24-Apr-12    USA    949746101    Annual    24-Feb-12

 

CUSIP: 949746101    ISIN: US9497461015    SEDOL: 2649100

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Baker, II   Mgmt   For   For
Elect Director Elaine L. Chao   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Lloyd H. Dean   Mgmt   For   For
Elect Director Susan E. Engel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Cynthia H. Milligan   Mgmt   For   For
Elect Director Nicholas G. Moore   Mgmt   For   For
Elect Director Federico F. Pena   Mgmt   For   For
Elect Director Philip J. Quigley   Mgmt   For   For
Elect Director Judith M. Runstad   Mgmt   For   For

Wells Fargo & Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Susan G. Swenson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM generally opposes this item.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Anheuser-Busch InBev SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABI    25-Apr-12    Belgium    B6399C107    Annual/Special    11-Apr-12

CUSIP: B6399C107    ISIN: BE0003793107    SEDOL: 4755317

 

  Proponent   Mgmt Rec   Vote Instruction
Annual and Special Meeting   Mgmt    
Special Meeting   Mgmt    
Receive Special Board Report   Mgmt    
Receive Special Auditor Report   Mgmt    
Eliminate Preemptive Rights Re: Issuance of Warrants   Mgmt   For   Against
Policy Rationale: Items A1c, A1d, A1e and A1g: TDAM opposes these items because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices and this practice may compromise non-executive directors’ independence.

Anheuser-Busch InBev SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of 215,000 Warrants   Mgmt   For   Against
Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Re: Issuance of Warrants as Proposed under Item A1d   Mgmt   For   Against
Approve Deviation from Belgian Company Law Provision Re:
Grant of Warrants to Non-Executive Directors		   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices which is not in shareholders’ best interests.
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   Against
Annual Meeting   Mgmt    
Receive Directors’ Reports (Non-Voting)   Mgmt    
Receive Auditors’ Reports (Non-Voting)   Mgmt    
Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)   Mgmt    
Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Approve Discharge of Auditors   Mgmt   For   For
Receive Information on Resignation of Peter Harf as Director   Mgmt    
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: Items B8a and B8b: TDAM opposes these items because shares under the annual incentive bonus may be granted at a 10-percent discount.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant.
Approve Change-of-Control Clause Re : Updated EMTN Program   Mgmt   For   For
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   For

Axa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CS    25-Apr-12    France    F06106102    Annual/Special    20-Apr-12

 

CUSIP: F06106102    ISIN: FR0000120628    SEDOL: 7088429

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.69 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Reelect Francois Martineau as Director   Mgmt   For   For
Elect Stefan Lippe as Director   Mgmt   For   For
Elect Doina Palici Chehab as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Fewzia Allaouat as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 8 - 14: Given the overall level of board independence (60 percent) and the disclosed information on the selection process and employee shareholders’ vote results, the election of Doina Palici-Chehab under Item 7 warrants support. Consequently, a vote against these items are warranted.
Elect Olivier Dot Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Herbert Fuchs Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Denis Gouyou Beauchamps Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Thierry Jousset Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Rodney Koch Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Emmanuel Rame Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Renew Appointment of PricewaterhouseCoopers Audit as Auditor   Mgmt   For   For

Ratify Yves Nicoles as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Article 21 of Bylaws Re: Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM opposes Item 21 because of its potentially detrimental consequences in terms of the procedures for related-party transactions.
Amend Article 23 of Bylaws Re: Electronic Signature   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

E. I. du Pont de Nemours and Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DD    25-Apr-12    USA    263534109    Annual    29-Feb-12

 

CUSIP: 263534109    ISIN: US2635341090    SEDOL: 2018175

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Richard H. Brown   Mgmt   For   For
Elect Director Robert A. Brown   Mgmt   For   For
Elect Director Bertrand P. Collomb   Mgmt   For   For
Elect Director Curtis J. Crawford   Mgmt   For   For
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Eleuthere I. Du Pont   Mgmt   For   For
Elect Director Marillyn A. Hewson   Mgmt   For   For
Elect Director Lois D. Juliber   Mgmt   For   For
Elect Director Ellen J. Kullman   Mgmt   For   For

Elect Director Lee M. Thomas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM opposes this proposal as the company has a nomination committee composed entirely of independent directors.

E. I. du Pont de Nemours and Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Pay Disparity   SH   Against   Against
Policy Rationale: TDAM support for this item is not merited as the company already provides a Management Say on Pay (MSOP) proposal for shareholders to provide input on the company’s executive compensation practices. Additionally, it is unclear that the requested analysis evaluating and justifying differences in compensation between senior executives and non-executives, as well as other elements of this proposal, would produce meaningful information on the company’s compensation policies and practices.

Eaton Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ETN    25-Apr-12    USA    278058102    Annual    27-Feb-12

 

CUSIP: 278058102    ISIN: US2780581029    SEDOL: 2300883

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Arthur E. Johnson   Mgmt   For   For
Elect Director Deborah L. McCoy   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

General Electric Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GE    25-Apr-12    USA    369604103    Annual    27-Feb-12

 

CUSIP: 369604103    ISIN: US3696041033    SEDOL: 2380498

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Ann M. Fudge   Mgmt   For   For
Elect Director Susan Hockfield   Mgmt   For   For

General Electric Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey R. Immelt   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Alan G. Lafley   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Ralph S. Larsen   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Robert J. Swieringa   Mgmt   For   For
Elect Director James S. Tisch   Mgmt   For   For
Elect Director Douglas A. Warner, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Material Terms of Senior Officer Performance Goals   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Nuclear Activities   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and has a corporate governance and/or a nomination committee composed entirely of independent directors.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM supports this proposal because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

Signature Bank

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBNY    25-Apr-12    USA    82669G104    Annual    27-Feb-12

 

CUSIP: 82669G104    ISIN: US82669G1040    SEDOL: B00JQL9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kathryn A. Byrne   Mgmt   For   For
Elect Director Alfonse M. D’Amato   Mgmt   For   For
Elect Director Jeffrey W. Meshel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Teledyne Technologies Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TDY    25-Apr-12    USA    879360105    Annual    01-Mar-12

 

CUSIP: 879360105    ISIN: US8793601050    SEDOL: 2503477

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Simon M. Lorne   Mgmt   For   For
Elect Director Paul D. Miller   Mgmt   For   For
Elect Director Wesley W. von Schack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Coca-Cola Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KO    25-Apr-12    USA    191216100    Annual    27-Feb-12

 

CUSIP: 191216100    ISIN: US1912161007    SEDOL: 2206657

The Coca-Cola Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert A. Allen   Mgmt   For   For
Elect Director Ronald W. Allen   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Richard M. Daley   Mgmt   For   For
Elect Director Barry Diller   Mgmt   For   For
Elect Director Evan G. Greenberg   Mgmt   For   For
Elect Director Alexis M. Herman   Mgmt   For   For
Elect Director Muhtar Kent   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Robert A. Kotick   Mgmt   For   For
Elect Director Maria Elena Lagomasino   Mgmt   For   For
Elect Director Donald F. McHenry   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director James D. Robinson, III   Mgmt   For   For
Elect Director Peter V. Ueberroth   Mgmt   For   For
Elect Director Jacob Wallenberg   Mgmt   For   For
Elect Director James B. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

1st Source Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRCE    26-Apr-12    USA    336901103    Annual    17-Feb-12

 

CUSIP: 336901103    ISIN: US3369011032    SEDOL: 2341848

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tracy D. Graham   Mgmt   For   For
Elect Director Allison N. Egidi   Mgmt   For   For
Elect Director Craig A. Kapson   Mgmt   For   For

1st Source Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John T. Phair   Mgmt   For   For
Elect Director Mark D. Schwabero   Mgmt   For   For

AstraZeneca plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AZN    26-Apr-12    United Kingdom    G0593M107    Annual    24-Apr-12

 

CUSIP: G0593M107    ISIN: GB0009895292    SEDOL: 0989529

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Confirm First Interim Dividend; Confirm as Final Dividend the Second Interim Dividend   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Louis Schweitzer as Director   Mgmt   For   For
Re-elect David Brennan as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Elect Genevieve Berger as Director   Mgmt   For   For
Re-elect Bruce Burlington as Director   Mgmt   For   For
Elect Graham Chipchase as Director   Mgmt   For   For
Re-elect Jean-Philippe Courtois as Director   Mgmt   For   For
Elect Leif Johansson as Director   Mgmt   For   For
Re-elect Rudy Markham as Director   Mgmt   For   For
Re-elect Nancy Rothwell as Director   Mgmt   For   For
Re-elect Shriti Vadera as Director   Mgmt   For   For
Re-elect John Varley as Director   Mgmt   For   For
Re-elect Marcus Wallenberg as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

AstraZeneca plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve 2012 Savings-Related Share Option Scheme   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Boston Private Financial Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BPFH    26-Apr-12    USA    101119105    Annual    02-Mar-12

 

CUSIP: 101119105    ISIN: US1011191053    SEDOL: 2081133

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert S. Alexander   Mgmt   For   For
Elect Director Lynn Thompson Hoffman   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At last year’s annual meeting, a shareholder proposal received support from 72.4 percent of votes cast, representing a majority of the company s shares outstanding. However, in this year’s proposal to declassify the board (see Item 3), management has refrained from recommending in favor of the proposal. A management proposal with other than a FOR recommendation by management is not considered to be sufficient action taken. Therefore, the board has failed to act on this proposal. Accordingly, TDAM would normally oppose the elections of Lynn Thompson Hoffman, Eugene S. Colangelo, William J. Shea, and Stephen M. Waters. However, given the classified nature of the board, Hoffman is the only member of the nominating and governance committee proposed for election this year.
Elect Director John Morton, III   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   None   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.  
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

British American Tobacco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BATS    26-Apr-12    United Kingdom    G1510J102    Annual    24-Apr-12

 

CUSIP: G1510J102    ISIN: GB0002875804    SEDOL: 0287580

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Richard Burrows as Director   Mgmt   For   For
Re-elect John Daly as Director   Mgmt   For   For
Re-elect Karen de Segundo as Director   Mgmt   For   For
Re-elect Nicandro Durante as Director   Mgmt   For   For
Re-elect Robert Lerwill as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Gerry Murphy as Director   Mgmt   For   For
Re-elect Kieran Poynter as Director   Mgmt   For   For
Re-elect Anthony Ruys as Director   Mgmt   For   For
Re-elect Sir Nicholas Scheele as Director   Mgmt   For   For
Re-elect Ben Stevens as Director   Mgmt   For   For
Elect Ann Godbehere as Director   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

CenterPoint Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNP    26-Apr-12    USA    15189T107    Annual    27-Feb-12

 

CUSIP: 15189T107    ISIN: US15189T1079    SEDOL: 2440637

CenterPoint Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Campbell   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   For
Elect Director O. Holcombe Crosswell   Mgmt   For   For
Elect Director Michael P. Johnson   Mgmt   For   For
Elect Director Janiece M. Longoria   Mgmt   For   For

Elect Director David M. McClanahan   Mgmt   For   For
Elect Director Susan O. Rheney   Mgmt   For   For
Elect Director R. A. Walker   Mgmt   For   For
Elect Director Peter S. Wareing   Mgmt   For   For
Elect Director Sherman M. Wolff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Corning Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLW    26-Apr-12    USA    219350105    Annual    23-Feb-12

 

CUSIP: 219350105    ISIN: US2193501051    SEDOL: 2224701

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John Seely Brown   Mgmt   For   For
Elect Director Stephanie A. Burns   Mgmt   For   For
Elect Director John A. Canning, Jr.   Mgmt   For   For
Elect Director Richard T. Clark   Mgmt   For   For
Elect Director James B. Flaws   Mgmt   For   For
Elect Director Gordon Gund   Mgmt   For   For
Elect Director Kurt M. Landgraf   Mgmt   For   For
Elect Director Deborah D. Rieman   Mgmt   For   For
Elect Director H. Onno Ruding   Mgmt   For   For
Elect Director Mark S. Wrighton   Mgmt   For   For

Corning Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.

Danone

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BN    26-Apr-12    France    F12033134    Annual/Special    20-Apr-12

 

CUSIP: F12033134    ISIN: FR0000120644    SEDOL: B1Y9TB3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.39 per Share   Mgmt   For   For
Reelect Richard Goblet D Alviella as Director   Mgmt   For   For
Reelect Jean Laurent as Director   Mgmt   For   For
Reelect Benoit Potier as Director   Mgmt   For   For
Elect Jacques Antoine Granjon as Director   Mgmt   For   For
Elect Mouna Sepehri as Director   Mgmt   For   For
Elect Virginia Stallings as Director   Mgmt   For   For
Approve Auditors’ Special Report Regarding New Related-Party Transaction   Mgmt   For   For
Approve Transactions with J.P. Morgan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because one new transaction deals with consulting services provided by J.P. Morgan Limited, whereas a non-executive director of the company, Isabelle Seillier, is an executive within J.P. Morgan Group. In addition, another transaction deals with a syndicated facility agreement granted notably by J.P. Morgan Group as first rank bank, which, considering Isabelle Seillier’s position at J.P. Morgan Group, creates a situation of potential conflicts of interests within the board.

Danone

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 0.4 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

DCT Industrial Trust Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DCT    26-Apr-12    USA    233153105    Annual    06-Mar-12

 

CUSIP: 233153105    ISIN: US2331531051    SEDOL: B1L5PD8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Wattles   Mgmt   For   For
Elect Director Philip L. Hawkins   Mgmt   For   For
Elect Director Marilyn A. Alexander   Mgmt   For   For
Elect Director Thomas F. August   Mgmt   For   For
Elect Director John S. Gates, Jr.   Mgmt   For   For
Elect Director Raymond B. Greer   Mgmt   For   For
Elect Director Tripp H. Hardin   Mgmt   For   For
Elect Director John C. O'keeffe   Mgmt   For   For
Elect Director Bruce L. Warwick   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

eBay Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EBAY    26-Apr-12    USA    278642103    Annual    08-Mar-12

 

CUSIP: 278642103    ISIN: US2786421030    SEDOL: 2293819

eBay Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director William C. Ford, Jr.   Mgmt   For   For
Elect Director Dawn G. Lepore   Mgmt   For   For
Elect Director Kathleen C. Mitic   Mgmt   For   For
Elect Director Pierre M. Omidyar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS's reasonsing, proposal increases shareholder rights.      
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

HCP, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HCP    26-Apr-12    USA    40414L109    Annual    02-Mar-12

 

CUSIP: 40414L109    ISIN: US40414L1098    SEDOL: 2417578

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James F. Flaherty, III   Mgmt   For   For
Elect Director Christine N. Garvey   Mgmt   For   For
Elect Director David B. Henry   Mgmt   For   For
Elect Director Lauralee E. Martin   Mgmt   For   For
Elect Director Michael D. McKee   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Kenneth B. Roath   Mgmt   For   For
Elect Director Joseph P. Sullivan   Mgmt   For   For

HCP, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For

Humana Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HUM    26-Apr-12    USA    444859102    Annual    27-Feb-12

 

CUSIP: 444859102    ISIN: US4448591028    SEDOL: 2445063

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. D’Amelio   Mgmt   For   For
Elect Director W. Roy Dunbar   Mgmt   For   For
Elect Director Kurt J. Hilzinger   Mgmt   For   For
Elect Director David A. Jones, Jr.   Mgmt   For   For
Elect Director Michael B. McCallister   Mgmt   For   For
Elect Director William J. McDonald   Mgmt   For   For
Elect Director William E. Mitchell   Mgmt   For   For
Elect Director David B. Nash   Mgmt   For   For
Elect Director James J. O’Brien   Mgmt   For   For
Elect Director Marissa T. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Johnson & Johnson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JNJ    26-Apr-12    USA    478160104    Annual    28-Feb-12

 

CUSIP: 478160104    ISIN: US4781601046    SEDOL: 2475833

Johnson & Johnson

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Sue Coleman   Mgmt   For   For
Elect Director James G. Cullen   Mgmt   For   For
Elect Director Ian E.l. Davis   Mgmt   For   For
Elect Director Alex Gorsky   Mgmt   For   For
Elect Director Michael M.e. Johns   Mgmt   For   For
Elect Director Susan L. Lindquist   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Leo F. Mullin   Mgmt   For   For
Elect Director William D. Perez   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director David Satcher   Mgmt   For   For

Elect Director William C. Weldon   Mgmt   For   For
Elect Director Ronald A. Williams   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.    
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require Shareholder Vote to Approve Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.    
Adopt Animal-Free Training Methods   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.    

Koninklijke Philips Electronics

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    26-Apr-12    Netherlands    N6817P109    Annual    29-Mar-12

 

CUSIP: N6817P109    ISIN: NL0000009538    SEDOL: 5986622

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
President’s Speech   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Approve Dividends of EUR 0.75 Per Share   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect E. Kist to Supervisory Board   Mgmt   For   For
Elect N. Dhawan to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Board to Exclude Preemptive Rights from Issuance under Item 4a   Mgmt   For   For
Approve Reduction in Share Capital by Cancellation of Shares   Mgmt   For   For
Authorize Repurchase of Shares   Mgmt   For   For
Other Business (Non-Voting)   Mgmt    

Lexicon Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LXRX    26-Apr-12    USA    528872104    Annual    29-Feb-12

 

CUSIP: 528872104    ISIN: US5288721047    SEDOL: 2576930

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur T. Sands   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  
Elect Director Philippe J. Amouyal   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  

Lexicon Pharmaceuticals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank P. Palantoni   Mgmt   For   For
Amend Certificate of Incorporation to Increase the Board Size and Allowing for an Increase Above Thirteen Directors as Necessary   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business. Moreover, performance criteria have not been disclosed, TDAM normally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Pfizer Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PFE    26-Apr-12    USA    717081103    Annual    28-Feb-12

 

CUSIP: 717081103    ISIN: US7170811035    SEDOL: 2684703

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis A. Ausiello   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 51.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 20 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of Ausiello, Hobbs, Burns, Gray, Horner, Mascotte, and Sanger, who serve on the Corporate Governance committee of the board.
Elect Director M. Anthony Burns   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.  

Pfizer Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director Frances D. Fergusson   Mgmt   For   For
Elect Director William H. Gray, III   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Helen H. Hobbs   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Constance J. Horner   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director James M. Kilts   Mgmt   For   For
Elect Director George A. Lorch   Mgmt   For   For
Elect Director John P. Mascotte   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ian C. Read   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc Tessier-Lavigne   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Publish Political Contributions   SH   Against   Against
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.
Amend Articles/Bylaws/Charter -- Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Non-Employee Director Compensation   SH   Against   Against

Polaris Industries Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PII    26-Apr-12    USA    731068102    Annual    29-Feb-12

 

CUSIP: 731068102    ISIN: US7310681025    SEDOL: 2692933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Annette K. Clayton   Mgmt   For   For
Elect Director Gregory R. Palen   Mgmt   For   For
Elect Director John P. Wiehoff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

SVB Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIVB    26-Apr-12    USA    78486Q101    Annual    28-Feb-12

 

CUSIP: 78486Q101    ISIN: US78486Q1013    SEDOL: 2808053

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Greg W. Becker   Mgmt   For   For
Elect Director Eric A. Benhamou   Mgmt   For   For
Elect Director David M. Clapper   Mgmt   For   For
Elect Director Roger F. Dunbar   Mgmt   For   For
Elect Director Joel P. Friedman   Mgmt   For   For
Elect Director C. Richard Kramlich   Mgmt   For   For

Elect Director Lata Krishnan   Mgmt   For   For
Elect Director Jeffrey N. Maggioncalda   Mgmt   For   For
Elect Director Kate D. Mitchell   Mgmt   For   For
Elect Director John F. Robinson   Mgmt   For   For
Elect Director Garen K. Staglin   Mgmt   For   For
Elect Director Kyung H. Yoon   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

SVB Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.    

TIBCO Software Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TIBX    26-Apr-12    USA    88632Q103    Annual    27-Feb-12

 

CUSIP: 88632Q103    ISIN: US88632Q1031    SEDOL: 2437747

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vivek Y. Ranadive   Mgmt   For   For
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Eric C.W. Dunn   Mgmt   For   For
Elect Director Narendra K. Gupta   Mgmt   For   For
Elect Director Peter J. Job   Mgmt   For   For
Elect Director Philip K. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

TreeHouse Foods, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
THS    26-Apr-12    USA    89469A104    Annual    05-Mar-12

 

CUSIP: 89469A104    ISIN: US89469A1043    SEDOL: B095X84

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank J. O’Connell   Mgmt   For   For
Elect Director Terdema L. Ussery, II   Mgmt   For   For

TreeHouse Foods, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Vermylen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Westamerica Bancorporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WABC    26-Apr-12    USA    957090103    Annual    27-Feb-12

 

CUSIP: 957090103    ISIN: US9570901036    SEDOL: 2950374

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Etta Allen   Mgmt   For   For
Elect Director Louis E. Bartolini   Mgmt   For   For
Elect Director E. Joseph Bowler   Mgmt   For   For
Elect Director Arthur C. Latno, Jr.   Mgmt   For   For
Elect Director Patrick D. Lynch   Mgmt   For   For
Elect Director Catherine Cope MacMillan   Mgmt   For   For
Elect Director Ronald A. Nelson   Mgmt   For   For
Elect Director David L. Payne   Mgmt   For   For
Elect Director Edward B. Sylvester   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Abbott Laboratories

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABT    27-Apr-12    USA    002824100    Annual    29-Feb-12

 

CUSIP: 002824100    ISIN: US0028241000    SEDOL: 2002305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Alpern   Mgmt   For   For
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Sally E. Blount   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Edward M. Liddy   Mgmt   For   For
Elect Director Nancy McKinstry   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director Glenn F. Tilton   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.    
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted as the company has in place a corporate governance and/or nomination committee composed entirely of independent directors.
Adopt Anti Gross-up Policy   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. However, the use of gross-ups should still be monitored going forward.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Abbott Laboratories

 

  Proponent   Mgmt Rec   Vote Instruction
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Cease Compliance Adjustments to Performance Criteria   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  
Pro-rata Vesting of Equity Plans   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.  

American Capital, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACAS    27-Apr-12    USA    02503Y103    Annual    01-Mar-12

 

CUSIP: 02503Y103    ISIN: US02503Y1038    SEDOL: 2101990

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary C. Baskin   Mgmt   For   For
Elect Director Neil M. Hahl   Mgmt   For   For
Elect Director Philip R. Harper   Mgmt   For   For
Elect Director John A. Koskinen   Mgmt   For   For
Elect Director Stan Lundine   Mgmt   For   For
Elect Director Kenneth D. Peterson, Jr.   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Amend Securities Transfer Restrictions   Mgmt   For   For
Policy Rationale: TDAM’s policy is applied to the fullest extent possible taking into account best practices, regulations and customs in the jurisdiction. As such, support is merited for this item as the potential value of the company’s estimated NOLs is significant and the proposed transfer restrictions will serve to protect these NOLs. Furthermore, the company does not have a history of poor governance or response to shareholders’ concerns.
Ratify Auditors   Mgmt   For   For

AT&T Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
T    27-Apr-12    USA    00206R102    Annual    28-Feb-12

 

CUSIP: 00206R102    ISIN: US00206R1023    SEDOL: 2831811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall L. Stephenson   Mgmt   For   For
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Reuben V. Anderson   Mgmt   For   For
Elect DirectorJames H. Blanchard   Mgmt   For   For
Elect DirectorJaime Chico Pardo   Mgmt   For   For
Elect Director James P. Kelly   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director John B. McCoy   Mgmt   For   For
Elect Director Joyce M. Roche   Mgmt   For   For
Elect Director Matthew K. Rose   Mgmt   For   For
Elect Director Laura D’Andrea Tyson   Mgmt   For   For
Ratification Of Appointment Of Independent Auditors.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Barclays plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BARC    27-Apr-12    United Kingdom    G08036124    Annual    25-Apr-12

 

CUSIP: G08036124    ISIN: GB0031348658    SEDOL: 3134865

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Marcus Agius as Director   Mgmt   For   For
Re-elect David Booth as Director   Mgmt   For   For
Re-elect Alison Carnwath as Director   Mgmt   For   For
Re-elect Fulvio Conti as Director   Mgmt   For   For
Re-elect Bob Diamond as Director   Mgmt   For   For
Re-elect Simon Fraser as Director   Mgmt   For   For
Re-elect Reuben Jeffery III as Director   Mgmt   For   For
Re-elect Sir Andrew Likierman as Director   Mgmt   For   For
Re-elect Chris Lucas as Director   Mgmt   For   For
Re-elect Dambisa Moyo as Director   Mgmt   For   For
Re-elect Sir Michael Rake as Director   Mgmt   For   For
Re-elect Sir John Sunderland as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BASF SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAS    27-Apr-12    Germany    D06216317    Annual   

 

CUSIP: D06216101    ISIN: DE000BASF111    SEDOL: 5086577

BASF SE

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Amend Articles Re: Electronic and Postal Voting at AGM   Mgmt   For   For

Bayer AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAYN    27-Apr-12    Germany    D0712D163    Annual     

 

CUSIP: D0712D163    ISIN: DE000BAY0017    SEDOL: 5069211

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 1.65 per Share for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Manfred Schneider to the Supervisory Board (Term End: Sept. 30, 2012)   Mgmt   For   For
Elect Werner Wenning to the Supervisory Board (Term Begin: Oct. 1, 2012)   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Clemens Boersig to the Supervisory Board   Mgmt   For   For
Elect Thomas Ebeling to the Supervisory Board   Mgmt   For   For
Elect Klaus Kleinfeld to the Supervisory Board   Mgmt   For   For
Elect Helmut Panke to the Supervisory Board   Mgmt   For   For
Elect Sue Rataj to the Supervisory Board   Mgmt   For   For

Bayer AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Ekkehard Schulz to the Supervisory Board   Mgmt   For   For
Elect Klaus Sturany to the Supervisory Board   Mgmt   For   For
Elect Ernst-Ludwig Winnacker to the Supervisory Board   Mgmt   For   For

Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Amend Articles Re: Remuneration of Supervisory Board   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors for Fiscal 2012   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    27-Apr-12    USA    911363109    Special    22-Mar-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Issue Shares in Connection with Acquisition   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.

American Express Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXP    30-Apr-12    USA    025816109    Annual    01-Mar-12

 

CUSIP: 025816109    ISIN: US0258161092    SEDOL: 2026082

American Express Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Barshefsky   Mgmt   For   For
Elect Director U.M. Burns   Mgmt   For   For
Elect Director K.I. Chenault   Mgmt   For   For
Elect Director P. Chernin   Mgmt   For   For
Elect Director T.J. Leonsis   Mgmt   For   For
Elect Director J. Leschly   Mgmt   For   For

Elect Director R.C. Levin   Mgmt   For   For
Elect Director R.A. McGinn   Mgmt   For   For
Elect Director E.D. Miller   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.D. Walter   Mgmt   For   For
Director R.A. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

ENEL SpA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENEL    30-Apr-12    Italy    T3679P115    Annual/Special    19-Apr-12

 

CUSIP: T3679P115    ISIN: IT0003128367    SEDOL: 7144569

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

ENEL SpA

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance payments to the chairman and to the CEO/director general are in excess of 24 months’ pay.
Extraordinary Business   Mgmt    
Amend Articles Re: Articles 14 and 25 (Board-Related)   Mgmt   For   For

Eni Spa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENI    30-Apr-12    Italy    T3643A145    Annual/Special    19-Apr-12

 

CUSIP: T3643A145    ISIN: IT0003132476    SEDOL: 7145056

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Articles 17 and 28; Add New Article 34 (Board-Related)   Mgmt   For   For
     

Motorola Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSI    30-Apr-12    USA    620076307    Annual    02-Mar-12

 

CUSIP: 620076307    ISIN: US6200763075    SEDOL: B5BKPQ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory Q. Brown   Mgmt   For   For
Elect Director William J. Bratton   Mgmt   For   For

Motorola Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth C. Dahlberg   Mgmt   For   For
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder resolution asking the board to amend the company’s bylaws to give holders of 10 percent of the company’s outstanding common stock the power to call a special meeting received support from 79.6 percent of votes cast at the 2009 AGM. In response to the voting support at the 2009 annual meeting, the board amended the company’s bylaws to provide shareholders with the ability to call a special meeting if they own 20 percent or more of outstanding shares, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, Michael V. Hayden, and Judy C. Lewent, who serve on the Governance and Nominating committee.
Elect Director Michael V. Hayden   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Judy C. Lewent   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director John A. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Encourage Suppliers to Produce Sustainability Reports   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, a vote against this shareholder proposal is warranted.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Noting that the company has policies and practices in place to encourage executive focus on long-term company performance, this proposal provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

American Capital Agency Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGNC    01-May-12    USA    02503X105    Annual    09-Mar-12

 

CUSIP: 02503X105    ISIN: US02503X1054    SEDOL: B2R8TC5

American Capital Agency Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Couch   Mgmt   For   For
Elect Director Morris A. Davis   Mgmt   For   For
Elect Director Randy E. Dobbs   Mgmt   For   For
Elect Director Larry K. Harvey   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Elect Director Samuel A. Flax   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.  
Ratify Auditors   Mgmt   For   For

Bristol-Myers Squibb Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMY    01-May-12    USA    110122108    Annual    09-Mar-12

 

CUSIP: 110122108    ISIN: US1101221083    SEDOL: 2126335

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Lewis B. Campbell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to provide holders of 10% of outstanding stock the right to call special meetings received support from 54.7 percent of votes cast at the 2009 AGM. Upon the recommendation of the Committee on Directors and Corporate Governance, which is the Nominating Committee, a proposal to permit stockholders holding at least 25% of outstanding voting stock to call special meetings of stockholders was presented at the 2010 AGM. Given the continued inaction, a vote against the members of the governance committee, Louis J. Freeh, Lewis B. Campbell, Laurie H. Glimcher, Alan J. Lacy, Togo D. West, Jr., R. Sanders Williams, is warranted.
Elect Director James M. Cornelius   Mgmt   For   For
Elect Director Louis J. Freeh   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Bristol-Myers Squibb Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Laurie H. Glimcher   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Michael Grobstein   Mgmt   For   For
Elect Director Alan J. Lacy   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vicki L. Sato   Mgmt   For   For
Elect Director Elliott Sigal   Mgmt   For   For
Elect Director Gerald L. Storch   Mgmt   For   For
Elect Director Togo D. West, Jr.   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Elect Director R. Sanders Williams   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

GAMCO Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBL    01-May-12    USA    361438104    Annual    26-Mar-12

 

CUSIP: 361438104    ISIN: US3614381040    SEDOL: 2386827

GAMCO Investors, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edwin L. Artzt   Mgmt   For   For
Elect Director Raymond C. Avansino , Jr.   Mgmt   For   For
Elect Director Richard L. Bready   Mgmt   For   For
Elect Director Mario J. Gabelli   Mgmt   For   For
Elect Director Eugene R. McGrath   Mgmt   For   For
Elect Director Robert S. Prather, Jr.   Mgmt   For   For
Elect Director Elisa M. Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: As TDAM generally supports the principle of "one share, one vote", a vote for this proposal is warranted.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Home Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HME    01-May-12    USA    437306103    Annual    05-Mar-12

 

CUSIP: 437306103    ISIN: US4373061039    SEDOL: 2414074

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen R. Blank   Mgmt   For   For
Elect Director Alan L. Gosule   Mgmt   For   For
Elect Director Leonard F. Helbig, III   Mgmt   For   For
Elect Director Charles J. Koch   Mgmt   For   For
Elect Director Thomas P. Lydon, Jr.   Mgmt   For   For
Elect Director Edward J. Pettinella   Mgmt   For   For
Elect Director Clifford W. Smith, Jr.   Mgmt   For   For
Elect Director Amy L. Tait   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Peabody Energy Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BTU    01-May-12    USA    704549104    Annual    12-Mar-12

 

CUSIP: 704549104    ISIN: US7045491047    SEDOL: 2753454

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory H. Boyce   Mgmt   For   For
Elect Director William A. Coley   Mgmt   For   For
Elect Director William E. James   Mgmt   For   For
Elect Director Robert B. Karn, III   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Henry E. Lentz   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director William C. Rusnack   Mgmt   For   For
Elect Director John F. Turner   Mgmt   For   For
Elect Director Sandra A. Van Trease   Mgmt   For   For
Elect Director Alan H. Washkowitz   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

Select Medical Holdings Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEM    01-May-12    USA    81619Q105    Annual    05-Mar-12

 

CUSIP: 81619Q105    ISIN: US81619Q1058    SEDOL: B4MF0Q6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Rocco A. Ortenzio   Mgmt   For   For
Elect Director Thomas A. Scully   Mgmt   For   For

Select Medical Holdings Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Under Armour, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UA    01-May-12    USA    904311107    Annual    17-Feb-12

 

CUSIP: 904311107    ISIN: US9043111072    SEDOL: B0PZN11

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin A. Plank   Mgmt   For   For
Elect Director Byron K. Adams, Jr.   Mgmt   For   For
Elect Director Douglas E. Coltharp   Mgmt   For   For
Elect Director Anthony W. Deering   Mgmt   For   For
Elect Director A.B. Krongard   Mgmt   For   For

Elect Director William R. McDermott   Mgmt   For   For
Elect Director Harvey L. Sanders   Mgmt   For   For
Elect Director Thomas J. Sippel   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Xstrata plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTA    01-May-12    United Kingdom    G9826T102    Annual    29-Apr-12

 

CUSIP: G9826T102    ISIN: GB0031411001    SEDOL: 3141100

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Xstrata plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM does not support this item because contractual termination provisions have the potential to lead to payments well in excess of one year’s basic salary, given that pension payments (c. 190 percent of basic salary for the CEO for 2011) and bonus (maximum 300 percent of basic salary) are included within the calculation. In addition, this year’s remuneration report confirms that the CEO of Xstrata Zinc would receive a termination payment higher than what was previously disclosed. LTIP awards made to all three Executive Directors during 2011 and 2012 again exceeded the normal maximum limit under the plan. The exceptional circumstances justifying awards at this level have not been outlined in the remuneration report. The 2012 grant was made shortly after the announcement of the merger with Glencore. Completion of the deal will lead to full vesting of all outstanding awards regardless of whether or not the performance conditions have been satisfied. The LTIP continues to incorporate 50 percent vesting for threshold TSR performance.
Re-elect Sir John Bond as Director   Mgmt   For   For
Re-elect Mick Davis as Director   Mgmt   For   For
Re-elect Dr Con Fauconnier as Director   Mgmt   For   For
Re-elect Ivan Glasenberg as Director   Mgmt   For   For
Re-elect Peter Hooley as Director   Mgmt   For   For
Re-elect Claude Lamoureux as Director   Mgmt   For   For
Re-elect Aristotelis Mistakidis as Director   Mgmt   For   For
Re-elect Tor Peterson as Director   Mgmt   For   For

Re-elect Trevor Reid as Director   Mgmt   For   For
Re-elect Sir Steve Robson as Director   Mgmt   For   For
Re-elect David Rough as Director   Mgmt   For   For
Re-elect Ian Strachan as Director   Mgmt   For   For
Re-elect Santiago Zaldumbide as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Approve Reduction of Share Premium Account   Mgmt   For   For
Authorise the Company to Call an EGM with Not Less Than 20 Clear Days’ Notice   Mgmt   For   For

Brunswick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BC    02-May-12    USA    117043109    Annual    05-Mar-12

 

CUSIP: 117043109    ISIN: US1170431092    SEDOL: 2149309

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne E. Belec   Mgmt   For   For
Elect Director Manuel A. Fernandez   Mgmt   For   For
Elect Director J. Steven Whisler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DISH Network Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DISH    02-May-12    USA    25470M109    Annual    07-Mar-12

 

CUSIP: 25470M109    ISIN: US25470M1099    SEDOL: 2303581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph P. Clayton   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director James DeFranco   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  

Elect Director Cantey M. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Charles W. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven R. Goodbarn   Mgmt   For   For
Elect Director Gary S. Howard   Mgmt   For   For
Elect Director David K. Moskowitz   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Tom A. Ortolf   Mgmt   For   For

DISH Network Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carl E. Vogel   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.      

General Dynamics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GD    02-May-12    USA    369550108    Annual    08-Mar-12

 

CUSIP: 369550108    ISIN: US3695501086    SEDOL: 2365161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary T. Barra   Mgmt   For   For
Elect Director Nicholas D. Chabraja   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director William P. Fricks   Mgmt   For   For
Elect Director Jay L. Johnson   Mgmt   For   For
Elect Director James L. Jones   Mgmt   For   For
Elect Director Paul G. Kaminski   Mgmt   For   For
Elect Director John M. Keane   Mgmt   For   For
Elect Director Lester L. Lyles   Mgmt   For   For

Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Robert Walmsley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

General Dynamics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM will support this propoasl given the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights, and the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Hatteras Financial Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HTS    02-May-12    USA    41902R103    Annual    14-Mar-12

 

CUSIP: 41902R103    ISIN: US41902R1032    SEDOL: B2R5SY1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Hough   Mgmt   For   For
Elect Director Benjamin M. Hough   Mgmt   For   For
Elect Director David W. Berson   Mgmt   For   For
Elect Director Ira G. Kawaller   Mgmt   For   For
Elect Director Jeffrey D. Miller   Mgmt   For   For
Elect Director Thomas D. Wren   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Molina Healthcare, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MOH    02-May-12    USA    60855R100    Annual    13-Mar-12

 

CUSIP: 60855R100    ISIN: US60855R1005    SEDOL: 2212706

Molina Healthcare, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Garrey E. Carruthers   Mgmt   For   For
Elect Director Frank E. Murray   Mgmt   For   For
Elect Director John P. Szabo, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rackspace Hosting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RAX    02-May-12    USA    750086100    Annual    09-Mar-12

 

CUSIP: 750086100    ISIN: US7500861007    SEDOL: 2591524

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. James Bishkin   Mgmt   For   For
Elect Director Fred Reichheld   Mgmt   For   For
Elect Director Mark P. Mellin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).

TriQuint Semiconductor, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TQNT    02-May-12    USA    89674K103    Annual    05-Mar-12

 

CUSIP: 89674K103    ISIN: US89674K1034    SEDOL: 2904393

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles Scott Gibson   Mgmt   For   For
Elect Director David H.Y. Ho   Mgmt   For   For
Elect Director Nicolas Kauser   Mgmt   For   For
Elect Director Ralph G. Quinsey   Mgmt   For   For

TriQuint Semiconductor, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Walden C. Rhines   Mgmt   For   For
Elect Director Steven J. Sharp   Mgmt   For   For
Elect Director Willis C. Young   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Woodside Petroleum Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WPL    02-May-12    Australia    980228100    Annual    30-Apr-12

 

CUSIP: 980228100    ISIN: AU000000WPL2    SEDOL: 6979728

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Melinda Cilento as a Director   Mgmt   For   For
Elect Robert Cole as a Director   Mgmt   For   For
Elect Erich Fraunschiel as a Director   Mgmt   For   For
Elect Christopher Haynes as a Director   Mgmt   For   For
Elect Pierre Jungels as a Director   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    03-May-12    USA    019344100    Annual    20-Mar-12

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

American Campus Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACC    03-May-12    USA    024835100    Annual    12-Mar-12

 

CUSIP: 024835100    ISIN: US0248351001    SEDOL: B02H871

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Bayless, Jr.   Mgmt   For   For
Elect Director R.D. Burck   Mgmt   For   For
Elect Director G. Steven Dawson   Mgmt   For   For
Elect Director Cydney C. Donnell   Mgmt   For   For
Elect Director Edward Lowenthal   Mgmt   For   For
Elect Director Winston W. Walker   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

E.ON AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EOAN    03-May-12    Germany    D24914133    Annual   

 

CUSIP: D24914133    ISIN: DE000ENAG999    SEDOL: 4942904

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 1.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PriceWaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Change of Corporate Form to Societas Europaea (SE)   Mgmt   For   For
Approve Creation of EUR 460 Million Pool of Capital with Partial Exclusion of Preemptive Rights   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR175 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Bruce Cooper. Did not hear from other portfolio managers by vote deadline, therefore voting in line with ISS reasoning which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Ericsson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    03-May-12    Sweden    W26049119    Annual    26-Apr-12

 

CUSIP: W26049119    ISIN: SE0000108656    SEDOL: 5959378

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For

Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report   Mgmt    
Receive President’s Report; Allow Questions   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 2.50 per Share   Mgmt   For   For
Determine Number of Members (12) and Deputy Members of Board (0)   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 3.75 Million to the Chairman and SEK 875,000 for Other Directors (Including Possibility to Receive Part of Remuneration in Phantom Shares); Approve Remuneration for Committee Work   Mgmt   For   For
Reelect L. Johansson, R. Austin, P. Bonfield, B. Ekholm, U. Johansson, S. Martin-Lof, N. McKinstry, A. Nyren, H. Vestberg, M. Volpi, and J. Wallenberg as Directors; Elect A. Izosimov as New Director   Mgmt   For   For
Policy Rationale: At this company, 58 percent of the shareholder-elected board members can be classified as independent.
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan for All Employees   Mgmt   For   For
Authorize Reissuance of 13.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for All Employees   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.2   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.2, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Authorize Reissuance of 10.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for Key Contributors   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.5   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.5, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Restricted Stock Plan for Executives   Mgmt   For   For

Authorize Reissuance of 7.3 Million Repurchased Class B Shares for 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Approve Swap Agreement with Third Party as Alternative to Item 11.8   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.8, while lowering the majority requirement compared to the primary financing alternative.
Authorize Reissuance of up to 15.5 Million Repurchased Class B Shares to Cover Social Costs in Connection with 2008, 2009, 2010, and 2011 Long-Term Variable Compensation Plans   Mgmt   For   For
Shareholder Proposal from Einar Hellbom   Mgmt    
Instruct the Board to Investigate How All Shares Are to be Given the Same Voting Power and To Present Such a Proposal at the Next Annual General Meeting   SH   None   For
Policy Rationale: TDAM believes all shareholders should be treated equally and all shares should have equal voting rights based upon the principle of "one share, one vote". Accordingly, support for this item is warranted, since this resolution concerns a plan of providing all shares with equal voting rights, which would bring shareholder voting rights in line with their equity capital commitment.
Close Meeting   Mgmt    

GlaxoSmithKline plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSK    03-May-12    United Kingdom    G3910J112    Annual    01-May-12

 

CUSIP: G3910J112    ISIN: GB0009252882    SEDOL: 0925288

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Sir Christopher Gent as Director   Mgmt   For   For
Re-elect Sir Andrew Witty as Director   Mgmt   For   For
Re-elect Sir Roy Anderson as Director   Mgmt   For   For
Re-elect Dr Stephanie Burns as Director   Mgmt   For   For

GlaxoSmithKline plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Stacey Cartwright as Director   Mgmt   For   For
Re-elect Larry Culp as Director   Mgmt   For   For
Re-elect Sir Crispin Davis as Director   Mgmt   For   For
Re-elect Simon Dingemans as Director   Mgmt   For   For

Re-elect Judy Lewent as Director   Mgmt   For   For
Re-elect Sir Deryck Maughan as Director   Mgmt   For   For
Re-elect Dr Daniel Podolsky as Director   Mgmt   For   For
Re-elect Dr Moncef Slaoui as Director   Mgmt   For   For
Re-elect Tom de Swaan as Director   Mgmt   For   For
Re-elect Sir Robert Wilson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit & Risk Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Approve 2012 ShareSave Plan   Mgmt   For   For
Approve 2012 ShareReward Plan   Mgmt   For   For

H & M Hennes & Mauritz

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMB    03-May-12    Sweden    W41422101    Annual    26-Apr-12

 

CUSIP: W41422101    ISIN: SE0000106270    SEDOL: 5687431

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    

H & M Hennes & Mauritz

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Receive President’s Report; Allow Questions   Mgmt    
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive Auditor’s Report on Application of Guidelines for Remuneration for Executive Management   Mgmt    
Receive Auditor’s and Auditing Committee’s Reports   Mgmt    
Receive Chairman’s Report About Board Work   Mgmt    
Receive Report of the Chairman of the Nominating Committee   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 9.50 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (8) and Deputy Members (0) of Board   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 1.35 Million to Chairman and SEK 475,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Reelect Mia Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson (Chairman), Melker Schorling, and Christian Sievert as Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes slates of directors when the majority of the board is not independent.
Elect Chairman of the Board and Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of Nominating Committee   Mgmt   For   Against
Policy Rationale: TDAM opposes the appointment of a nominating committee due to the chairman of the board also serving as chairman of the current nominating committee, with no evidence that this would cease to be the case following this election.
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Close Meeting   Mgmt    

HealthSouth Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HLS    03-May-12    USA    421924309    Annual    07-Mar-12

 

CUSIP: 421924309    ISIN: US4219243098    SEDOL: B1G9B93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Chidsey   Mgmt   For   For
Elect Director Donald L. Correll   Mgmt   For   For
Elect Director Yvonne M. Curl   Mgmt   For   For
Elect Director Charles M. Elson   Mgmt   For   For
Elect Director Jay Grinney   Mgmt   For   For

Elect Director Jon F. Hanson   Mgmt   For   For
Elect Director Leo I. Higdon, Jr.   Mgmt   For   For
Elect Director John E. Maupin, Jr.   Mgmt   For   For
Elect Director L. Edward Shaw, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Nokia Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOK1V    03-May-12    Finland    X61873133    Annual    20-Apr-12

 

CUSIP: X61873133    ISIN: FI0009000681    SEDOL: 5902941

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Call the Meeting to Order   Mgmt    
Designate Inspector or Shareholder Representative(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive CEO’s Review   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Nokia Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 0.20 Per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 440,000 for the Chairman, EUR 150,000 for Deputy Chairman, and EUR 130,000 for Other Directors   Mgmt   For   For
Fix Number of Directors at 11   Mgmt   For   For
Reelect Stephen Elop, Henning Kagermann, Jouko Karvinen, Helge Lund, Isabel Marey-Semper, Dame Marjorie Scardino, Risto Siilasmaa, and Kari Stadigh as Directors; Elect Bruce Brown, Mårten Mickos, and Elizabeth Nelson as New Directors   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Authorize Share Repurchase Program   Mgmt   For   For
Close Meeting   Mgmt    

Public Storage

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PSA    03-May-12    USA    74460D109    Annual    09-Mar-12

 

CUSIP: 74460D109    ISIN: US74460D1090    SEDOL: 2852533

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Havner, Jr.   Mgmt   For   For
Elect Director Tamara Hughes Gustavson   Mgmt   For   For
Elect Director Uri P. Harkham   Mgmt   For   For
Elect Director B. Wayne Hughes, Jr.   Mgmt   For   For
Elect Director Avedick B. Poladian   Mgmt   For   For
Elect Director Gary E. Pruitt   Mgmt   For   For
Elect Director Ronald P. Spogli   Mgmt   For   For
Elect Director Daniel C. Staton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Public Storage

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Schneider Electric SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SU    03-May-12    France    F86921107    Annual/Special    26-Apr-12

 

CUSIP: F86921107    ISIN: FR0000121972    SEDOL: 4834108

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.70 per Share   Mgmt   For   For
Approve Additional Pension Scheme Agreement with Jean Pascal Tricoire   Mgmt   For   For
Approve Severance Payment Agreement with Jean Pascal Tricoire   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance package to be granted to Jean-Pascal Tricoire is not deemed totally in line with best market practices, in view of the concerns on the maximum amount of the severance payments, the triggering events, the performance criteria, and the potential combination with an additional pension scheme. Jean-Pascal Tricoire may also continue to benefit from unvested stock options and performance shares after his departure.
Reelect Leo Apotheker as Supervisory Board Member   Mgmt   For   For
Ratify Appointment of Xavier Fontanet as Supervisory Board Member   Mgmt   For   For
Elect Antoine Gosset-Grainville as Supervisory Board Member   Mgmt   For   For
Reelect Willy Kissling as Supervisory Board Member   Mgmt   For   For
Reelect Henri Lachmann as Supervisory Board Member   Mgmt   For   For
Reelect Rick Thoman as Supervisory Board Member   Mgmt   For   For
Elect Manfred Brill as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 12 - 15: Given the overall level of board independence (71 percent), the support provided by the management board, in compliance with a supervisory board recommendation, and the disclosure on the rationale behind this support, TDAM votes against Items 12, 13, and 15.

Schneider Electric SA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Claude Briquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Elect Magali Herbaut as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Thierry Jacquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

United Parcel Service, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UPS    03-May-12    USA    911312106    Annual    05-Mar-12

 

CUSIP: 911312106    ISIN: US9113121068    SEDOL: 2517382

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Michael J. Burns   Mgmt   For   For
Elect Director D. Scott Davis   Mgmt   For   For
Elect Director Stuart E. Eizenstat   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director William R. Johnson   Mgmt   For   For
Elect Director Candace Kendle   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director Rudy H.P. Markham   Mgmt   For   For
Elect Director Clark T. Randt, Jr.   Mgmt   For   For
Elect Director John W. Thompson   Mgmt   For   For

United Parcel Service, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol B. Tome   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Report on Lobbying Contributions and Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VZ    03-May-12    USA    92343V104    Annual    05-Mar-12

 

CUSIP: 92343V104    ISIN: US92343V1044    SEDOL: 2090571

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Carrion   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to take the steps necessary to amend the company’s bylaws and each appropriate governing document to give holders of 10% of the outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 50.6 percent of votes cast at the 2009 AGM. In addition, the proposal requested that no exclusionary provisions be included. Subsequently, Verizon amended its bylaws to allow one or more record holders owning in the aggregate not less than 25 percent of outstanding shares to convene a special meeting. Verizon’s bylaws contain certain exclusions on the ability of shareholders to call a special meeting. It is further noted that Verizon has received shareholder proposals related to shareholders’ right to call special meetings which also garnered significant support in each year since the 2009 AGM. A proposal has again been presented to shareholders at the 2012 AGM (see Item 17) requesting the board to give holders of 15% of outstanding common stock the power to call a special shareowner meeting and that such bylaw and/or charter text not have any exclusionary or prohibitive language applicable only to shareowners but not to management and/or the board. As the board continues to ignore the shareholder resolution which was favourably supported, a vote against Sandra O. Moose, Richard L. Carrión, Donald T. Nicolaisen, Hugh B. Price, Rodney E. Slater, and John W. Snow, who serve on the Corporate Governance committee of the board, is warranted. It is noted that Mr. Snow is retiring from the Board in May 2012 and not standing for re-election.
Elect Director Melanie L. Healey   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Lowell C. McAdam   Mgmt   For   For
Elect Director Sandra O. Moose   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph Neubauer   Mgmt   For   For
Elect Director Donald T. Nicolaisen   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Clarence Otis, Jr.   Mgmt   For   For
Elect Director Hugh B. Price   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rodney E. Slater   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.  

Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Performance-Based and/or Time-Based Equity Awards   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter – Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Acme Packet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
APKT    04-May-12    USA    004764106    Annual    06-Mar-12

 

CUSIP: 004764106    ISIN: US0047641065    SEDOL: B17WCB0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Elsbree   Mgmt   For   For
Elect Director Patrick J. MeLampy   Mgmt   For   For
Elect Director Robert G. Ory   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Linde AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LIN    04-May-12    Germany    D50348107    Annual    12-Apr-12

 

CUSIP: D50348107    ISIN: DE0006483001    SEDOL: 5740817

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Creation of EUR 70 Million Pool of Capital without Preemptive Rights   Mgmt   For   For
Approve Stock Option Plan for Key Employees; Approve Creation of EUR 10,2 Million Pool of Conditional Capital to Guarantee Conversion Rights   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Sanofi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    04-May-12    France    F5548N101    Annual/Special    27-Apr-12

 

CUSIP: F5548N101    ISIN: FR0000120578    SEDOL: 5671735

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.65 per Share   Mgmt   For   For
Elect Laurent Attal as Director   Mgmt   For   For
Reelect Uwe Bicker as Director   Mgmt   For   For
Reelect Jean Rene Fourtou as Director   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Carole Piwnica as Director   Mgmt   For   For
Reelect Klaus Pohle as Director   Mgmt   For   For
Appoint Ernst & Young et Autres as Auditor   Mgmt   For   For
Appoint Auditex as Alternate Auditor   Mgmt   For   For
Ratify Change of Registered Office to 54, rue La Boetie, 75008 Paris and Amend Article 4 of Bylaws Accordingly   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1.2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

The GEO Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GEO    04-May-12    USA    36159R103    Annual    02-Mar-12

 

CUSIP: 36159R103    ISIN: US36159R1032    SEDOL: 2943299

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clarence E. Anthony   Mgmt   For   For

The GEO Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Norman A. Carlson   Mgmt   For   For
Elect Director Anne N. Foreman   Mgmt   For   For
Elect Director Richard H. Glanton   Mgmt   For   For
Elect Director Christopher C. Wheeler   Mgmt   For   For
Elect Director George C. Zoley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights; the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks, especially in light of recent incidents and the international scope of its business.
Report on Lobbying Payments and Policy   SH   Against   Against
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Berkshire Hathaway Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRK.B    05-May-12    USA    084670702    Annual    07-Mar-12

 

CUSIP: 084670702    ISIN: US0846707026    SEDOL: 2073390

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren E. Buffett   Mgmt   For   For
Elect Director Charles T. Munger   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   For

Berkshire Hathaway Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director David S. Gottesman   Mgmt   For   For
Elect Director Charlotte Guyman   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Thomas S. Murphy   Mgmt   For   For
Elect Director Ronald L. Olson   Mgmt   For   For
Elect Director Walter Scott, Jr.   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.  

CBL & Associates Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBL    07-May-12    USA    124830100    Annual    09-Mar-12

 

CUSIP: 124830100    ISIN: US1248301004    SEDOL: 2167475

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Foy   Mgmt   For   For
Elect Director Thomas J. DeRosa   Mgmt   For   For
Elect Director Matthew S. Dominski   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal to require a majority vote for the election of directors received supporting votes from 68.9 percent of votes cast, and 57.31 percent of outstanding shares. However, the company has not taken any action in response to this vote. Accordingly, TDAM would normally oppose the elections of Walker, Bryenton, Dominski, and Nay, as they serve on the Nominating and Corporate Governance committee of the board. However, as the board is still in the process of declassification, only Dominski is proposed for election this year.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Clean Harbors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLH    07-May-12    USA    184496107    Annual    12-Mar-12

 

CUSIP: 184496107    ISIN: US1844961078    SEDOL: 2202473

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan S. McKim   Mgmt   For   For
Elect Director Rod Marlin   Mgmt   For   For
Elect Director John T. Preston   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Tootsie Roll Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TR    07-May-12    USA    890516107    Annual    06-Mar-12

 

CUSIP: 890516107    ISIN: US8905161076    SEDOL: 2896809

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvin J. Gordon   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Ellen R. Gordon   Mgmt   For   For
Elect Director Lana Jane Lewis-Brent   Mgmt   For   For
Elect Director Barre A. Seibert   Mgmt   For   For
Elect Director Richard P. Bergeman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alterra Capital Holdings Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALTE    08-May-12    Bermuda    G0229R108    Annual    29-Feb-12

 

CUSIP: G6052F103    ISIN: BMG0229R1088    SEDOL: B4KTGD9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Marston Becker as Director   Mgmt   For   For
Elect James D. Carey as Director   Mgmt   For   For
Elect K. Bruce Connell as Director   Mgmt   For   For
Elect W. Thomas Forrester as Director   Mgmt   For   For
Elect Meryl D. Hartzband as Director   Mgmt   For   For
Elect Willis T. King, Jr. as Director   Mgmt   For   For
Elect James H. MacNaughton as Director   Mgmt   For   For
Elect Stephan F. Newhouse as Director   Mgmt   For   For
Elect Michael O’Reilly as Director   Mgmt   For   For
Elect Andrew H. Rush as Director   Mgmt   For   For
Elect Mario P. Torsiello as Director   Mgmt   For   For
Elect James L. Zech as Director   Mgmt   For   For
Ratify the Appointment of KPMG as Alterra Capital?s Independent Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CDE    08-May-12    USA    192108504    Annual    12-Mar-12

 

CUSIP: 192108504    ISIN: US1921085049    SEDOL: 2208136

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. Michael Bogert   Mgmt   For   For
Elect Director James J. Curran   Mgmt   For   For
Elect Director Sebastian Edwards   Mgmt   For   For
Elect Director Mitchell J. Krebs   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Andrew Lundquist   Mgmt   For   For
Elect Director Robert E. Mellor   Mgmt   For   For
Elect Director John H. Robinson   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Timothy R. Winterer   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cohen & Steers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNS    08-May-12    USA    19247A100    Annual    13-Mar-12

 

CUSIP: 19247A100    ISIN: US19247A1007    SEDOL: B02H882

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Martin Cohen   Mgmt   For   For
Elect Director Robert H. Steers   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Richard P. Simon   Mgmt   For   For
Elect Director Edmond D. Villani   Mgmt   For   For
Elect Director Bernard B. Winograd   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crosstex Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTXI    08-May-12    USA    22765Y104    Annual    20-Mar-12

 

CUSIP: 22765Y104    ISIN: US22765Y1047    SEDOL: 2263306

Crosstex Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leldon E. Echols   Mgmt   For   For
Elect Director Sheldon B. Lubar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Policy Rationale: TDAM supports this proposal as the company’s current equal employment opportunity (EEO) policies do not address gender identity.

Equity LifeStyle Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ELS    08-May-12    USA    29472R108    Annual    06-Mar-12

 

CUSIP: 29472R108    ISIN: US29472R1086    SEDOL: 2563125

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philip Calian   Mgmt   For   For
Elect Director David Contis   Mgmt   For   For
Elect Director Thomas Dobrowski   Mgmt   For   For
Elect Director Thomas Heneghan   Mgmt   For   For
Elect Director Sheli Rosenberg   Mgmt   For   For
Elect Director Howard Walker   Mgmt   For   For
Elect Director Gary Waterman   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: In line with ISS reasoning which does not offend TDAM guidelines, this proposal will not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

Equity LifeStyle Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.

Sotheby’s

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BID    08-May-12    USA    835898107    Annual    14-Mar-12

 

CUSIP: 835898107    ISIN: US8358981079    SEDOL: 2822406

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John M. Angelo   Mgmt   For   For
Elect Director Michael Blakenham   Mgmt   For   For
Elect Director Steven B. Dodge   Mgmt   For   For
Elect Director The Duke Of Devonshire   Mgmt   For   For
Elect Director Daniel Meyer   Mgmt   For   For
Elect Director Allen Questrom   Mgmt   For   For
Elect Director William F. Ruprecht   Mgmt   For   For
Elect Director Marsha E. Simms   Mgmt   For   For
Elect Director Michael I. Sovern   Mgmt   For   For
Elect Director Robert S. Taubman   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director Dennis M. Weibling   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Pro-rata Vesting of Equity Awards   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.  

Allianz SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALV    09-May-12    Germany    D03080112    Annual     

 

CUSIP: D03080112    ISIN: DE0008404005    SEDOL: 5231485

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 4.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Wulf Bernotat as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Gerhard Cromme as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Renate Koecher as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Igor Landau as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Helmut Perlet as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies that have between 500 and 2,000 employees, one third of the supervisory board must be made up of employee representatives.
Elect Denis Sutherland as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Dante Barban as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Gabriele Burkhardt-Berg as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Jacques Cette as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Ira Gloe-Semler as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Franz Heiss as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Rolf Zimmermann as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Giovanni Casiroli as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Josef Hochburger as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Claude Le Goaer as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Joerg Reinbrecht as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Juergen Lawrenz as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Frank Kirsch as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Amend Articles Re: Term of Supervisory Board Members   Mgmt   For   For
Authorise Exclusion of Preemptive Rights for the Issuance of Shares from Authorized Capital 2010/I   Mgmt   For   For

Bank of America Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAC    09-May-12    USA    060505104    Annual    14-Mar-12

 

CUSIP: 060505104    ISIN: US0605051046    SEDOL: 2295677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mukesh D. Ambani   Mgmt   For   For
Elect Director Susan S. Bies   Mgmt   For   For
Elect Director Frank P. Bramble, Sr.   Mgmt   For   For
Elect Director Virgis W. Colbert   Mgmt   For   For
Elect Director Charles K. Gifford   Mgmt   For   For
Elect Director Charles O. Holliday, Jr.   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Thomas J. May   Mgmt   For   For
Elect Director Brian T. Moynihan   Mgmt   For   For
Elect Director Donald E. Powell   Mgmt   For   For
Elect Director Charles O. Rossotti   Mgmt   For   For
Elect Director Robert W. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Bank of America Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. The Company’s current policies on stock ownership are adequately connected to long-term interests of shareholders.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current internal controls are robust and as such this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluatethis item on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

ConocoPhillips

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COP    09-May-12    USA    20825C104    Annual    12-Mar-12

 

CUSIP: 20825C104    ISIN: US20825C1045    SEDOL: 2685717

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Richard H. Auchinleck   Mgmt   For   For
Elect Director James E. Copeland, Jr.   Mgmt   For   For
Elect Director Kenneth M. Duberstein   Mgmt   For   For
Elect Director Ruth R. Harkin   Mgmt   For   For
Elect Director Ryan M. Lance   Mgmt   For   For

ConocoPhillips

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mohd H. Marican   Mgmt   For   For
Elect Director Harold W. McGraw, III   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Robert A. Niblock   Mgmt   For   For
Elect Director Harald J. Norvik   Mgmt   For   For
Elect Director William K. Reilly   Mgmt   For   For
Elect Director Victoria J. Tschinkel   Mgmt   For   For
Elect Director Kathryn C. Turner   Mgmt   For   For
Elect Director William E. Wade, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy to Address Coastal Louisiana Environmental Impacts   SH   Against   Against
Report on Accident Risk Reduction Efforts   SH   Against   Against
Report on Lobbying Payments and Policy   SH   Against   Against
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because ConocoPhillips does not provide corporate-wide goals to reduce GHG emissions from its products or operations. Given the prospects for regulatory changes and eventual legislation on this issue, ConocoPhillips could provide more transparency to its shareholders on its Climate Change Action Plan and other internal GHG emissions reduction initiatives and goals.
Amend EEO Policy to Prohibit Discrimination based on Gender Identity   SH   Against   For
Policy Rationale: TDAM support for this item is merited as the company’s EEO policy includes sexual orientation but does not specifically address the topic of gender identity or expression. Shareholders would benefit from the company adding gender identity into its EEO policy, taking into account changing state and federal legislation and the adoption of similar policies at many other companies.

Entertainment Properties Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPR    09-May-12    USA    29380T105    Annual    24-Feb-12

 

CUSIP: 29380T105    ISIN: US29380T1051    SEDOL: 2126937

Entertainment Properties Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack A. Newman, Jr.   Mgmt   For   For
Elect Director James A. Olson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Voter Rationale: In line with ISS reasoning, the Executive Incentive Bonus Plan does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.  
Ratify Auditors   Mgmt   For   For

L air liquide

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AI    09-May-12    France    F01764103    Annual/Special    03-May-12

 

CUSIP: F01764103    ISIN: FR0000120073    SEDOL: B1YXBJ7

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Karen Katen as Director   Mgmt   For   For
Elect Pierre Dufour as Director   Mgmt   For   For
Approve Transaction with Pierre Dufour   Mgmt   For   Against
Policy Rationale: TDAM does not support the severance package to be granted to Pierre Dufour because it is not in line with best market practices in view of the concerns on the maximum amount of the severance package, on the existence and the stringency of performance conditions, and on triggering events.
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

L air liquide

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Capitalization of Reserves of Up to EUR 250 Million for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

NewStar Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEWS    09-May-12    USA    65251F105    Annual    02-Apr-12

 

CUSIP: 65251F105    ISIN: US65251F1057    SEDOL: B1L7CP5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles N. Bralver   Mgmt   For   For
Elect Director Timothy J. Conway   Mgmt   For   For
Elect Director Bradley E. Cooper   Mgmt   For   For
Elect Director Brian L.P. Fallon   Mgmt   For   For
Elect Director Frank R. Noonan   Mgmt   For   For
Elect Director Maureen P. O’Hara   Mgmt   For   For
Elect Director Peter A. Schmidt-Fellner   Mgmt   For   For
Elect Director Richard E. Thornburgh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Penske Automotive Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAG    09-May-12    USA    70959W103    Annual    16-Mar-12

 

CUSIP: 70959W103    ISIN: US70959W1036    SEDOL: 2943523

Penske Automotive Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Barr   Mgmt   For   For
Elect Director Michael R. Eisenson   Mgmt   For   For
Elect Director Robert H. Kurnick, Jr.   Mgmt   For   For
Elect Director William J. Lovejoy   Mgmt   For   For
Elect Director Kimberly J. McWaters   Mgmt   For   For
Elect Director Yoshimi Namba   Mgmt   For   For
Elect Director Lucio A. Noto   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For

Elect Director Richard J. Peters   Mgmt   For   For
Elect Director Ronald G. Steinhart   Mgmt   For   For
Elect Director H. Brian Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Polypore International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPO    09-May-12    USA    73179V103    Annual    12-Mar-12

 

CUSIP: 73179V103    ISIN: US73179V1035    SEDOL: B02HWV3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William Dries   Mgmt   For   For
Elect Director Frederick C. Flynn, Jr.   Mgmt   For   For
Elect Director Michael Chesser   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Quaker Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KWR    09-May-12    USA    747316107    Annual    09-Mar-12

 

CUSIP: 747316107    ISIN: US7473161070    SEDOL: 2715186

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Caldwell   Mgmt   For   For
Elect Director William R. Cook   Mgmt   For   For
Elect Director Jeffrey D. Frisby   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Standard Chartered plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STAN    09-May-12    United Kingdom    G84228157    Annual    04-May-12

 

CUSIP: G84228157    ISIN: GB0004082847    SEDOL: 0408284

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Viswanathan Shankar as Director   Mgmt   For   For
Re-elect Stefano Bertamini as Director   Mgmt   For   For
Re-elect Jaspal Bindra as Director   Mgmt   For   For
Re-elect Richard Delbridge as Director   Mgmt   For   For
Re-elect James Dundas as Director   Mgmt   For   For
Re-elect Valerie Gooding as Director   Mgmt   For   For
Re-elect Dr Han Seung-soo as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Re-elect Rudolph Markham as Director   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item because the nominee is considered to be a non-independent NED and is Chairman of the Audit Committee. In addition, the nominee is the designated Senior Independent Director, a role which should be reserved for an unquestionably independent NED.
Re-elect Ruth Markland as Director   Mgmt   For   For
Re-elect Richard Meddings as Director   Mgmt   For   For

Standard Chartered plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Paynter as Director   Mgmt   For   For
Re-elect Sir John Peace as Director   Mgmt   For   For
Re-elect Alun Rees as Director   Mgmt   For   For
Re-elect Peter Sands as Director   Mgmt   For   For
Re-elect Paul Skinner as Director   Mgmt   For   For
Re-elect Oliver Stocken as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

The Warnaco Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRC    09-May-12    USA    934390402    Annual    26-Mar-12

 

CUSIP: 934390402    ISIN: US9343904028    SEDOL: 2352668

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Bell   Mgmt   For   For
Elect Director Robert A. Bowman   Mgmt   For   For
Elect Director Richard Karl Goeltz   Mgmt   For   For
Elect Director Sheila A. Hopkins   Mgmt   For   For
Elect Director Helen McCluskey   Mgmt   For   For
Elect Director Charles R. Perrin   Mgmt   For   For
Elect Director Nancy A. Reardon   Mgmt   For   For

The Warnaco Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Seeley   Mgmt   For   For
Elect Director Cheryl Nido Turpin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    09-May-12    Netherlands    N8981F271    Annual    11-Apr-12

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Receive Report of Management Board   Mgmt    
Approve Financial Statements and Allocation of Income   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect P.G.J.M. Polman as CEO to Board of Directors   Mgmt   For   For
Relect R.J.M.S. Huet as CFO to Board of Directors   Mgmt   For   For
Reelect L.O. Fresco to Board of Directors   Mgmt   For   For
Reelect A.M. Fudge to Board of Directors   Mgmt   For   For
Reelect C.E. Golden to Board of Directors   Mgmt   For   For
Reelect B.E. Grote to Board of Directors   Mgmt   For   For
Reelect S.B. Mittal to Board of Directors   Mgmt   For   For
Reelect H. Nyasulu to Board of Directors   Mgmt   For   For
Reelect M. Rifkind to Board of Directors   Mgmt   For   For
Reelect K.J. Storm to Board of Directors   Mgmt   For   For
Reelect M. Treschow to Board of Directors   Mgmt   For   For
Reelect P.S. Walsh to Board of Directors   Mgmt   For   For
Amend Articles of Association   Mgmt   For   For

Unilever NV

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Authorization to Cancel Ordinary Shares   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Allow Questions and Close Meeting   Mgmt    

Unilever plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULVR    09-May-12    United Kingdom    G92087165    Annual    04-May-12

 

CUSIP: G92087165    ISIN: GB00B10RZP78    SEDOL: B10RZP7

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Paul Polman as Director   Mgmt   For   For
Re-elect Jean-Marc Huet as Director   Mgmt   For   For
Re-elect Louise Fresco as Director   Mgmt   For   For
Re-elect Ann Fudge as Director   Mgmt   For   For
Re-elect Charles Golden as Director   Mgmt   For   For
Re-elect Byron Grote as Director   Mgmt   For   For
Re-elect Sunil Bharti Mittal as Director   Mgmt   For   For
Re-elect Hixonia Nyasulu as Director   Mgmt   For   For
Re-elect Sir Malcolm Rifkind as Director   Mgmt   For   For
Re-elect Kees Storm as Director   Mgmt   For   For
Re-elect Michael Treschow as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For

Unilever plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Adopt New Articles of Association   Mgmt   For   For

Anixter International Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXE    10-May-12    USA    035290105    Annual    12-Mar-12

 

CUSIP: 035290105    ISIN: US0352901054    SEDOL: 2468844

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lord James Blyth   Mgmt   For   For
Elect Director Frederic F. Brace   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Robert J. Eck   Mgmt   For   For
Elect Director Robert W. Grubbs   Mgmt   For   For
Elect Director F. Philip Handy   Mgmt   For   For
Elect Director Melvyn N. Klein   Mgmt   For   For
Elect Director George Munoz   Mgmt   For   For
Elect Director Stuart M. Sloan   Mgmt   For   For
Elect Director Matthew Zell   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Bill Barrett Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBG    10-May-12    USA    06846N104    Annual    13-Mar-12

 

CUSIP: 06846N104    ISIN: US06846N1046    SEDOL: B04M3T1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Owens   Mgmt   For   For
Elect Director Randy I. Stein   Mgmt   For   For
Elect Director Kevin O. Meyers   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cinemark Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNK    10-May-12    USA    17243V102    Annual    23-Mar-12

 

CUSIP: 17243V102    ISIN: US17243V1026    SEDOL: B1W7RQ0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vahe A. Dombalagian   Mgmt   For   For
Elect Director Peter R. Ezersky   Mgmt   For   For
Elect Director Carlos M. Sepulveda   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’   Mgmt   For   For
Compensation      

CVS Caremark Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVS    10-May-12    USA    126650100    Annual    13-Mar-12

 

CUSIP: 126650100    ISIN: US1266501006    SEDOL: 2577609

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. David Brown, II   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 61.2 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, C. David Brown, Anne M. Finucane, Marian L. Heard, and C.A. Lance Piccolo, who serve on the Nominating and Corporate Governance committee of the board.
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Anne M. Finucane   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Kristen Gibney Williams   Mgmt   For   For
Elect Director Marian L. Heard   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Larry J. Merlo   Mgmt   For   For
Elect Director Jean-Pierre Millon   Mgmt   For   For
Elect Director C.A. Lance Piccolo   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Dril-Quip, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DRQ    10-May-12    USA    262037104    Annual    23-Mar-12

 

CUSIP: 262037104    ISIN: US2620371045    SEDOL: 2116767

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. H. Dick Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

FEI Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FEIC    10-May-12    USA    30241L109    Annual    05-Mar-12

 

CUSIP: 30241L109    ISIN: US30241L1098    SEDOL: 2355764

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence A. Bock   Mgmt   For   For
Elect Director Arie Huijser   Mgmt   For   For
Elect Director Don R. Kania   Mgmt   For   For
Elect Director Thomas F. Kelly   Mgmt   For   For
Elect Director Jan C. Lobbezoo   Mgmt   For   For
Elect Director Gerhard H. Parker   Mgmt   For   For
Elect Director James T. Richardson   Mgmt   For   For
Elect Director Richard H. Wills   Mgmt   For   For

Elect Director Homa Bahrami   Mgmt   For   For
Elect Director Jami K. Nachtsheim   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

FEI Company

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
F    10-May-12    USA    345370860    Annual    14-Mar-12

 

CUSIP: 345370860    ISIN: US3453708600    SEDOL: 2615468

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen G. Butler   Mgmt   For   For
Elect Director Kimberly A. Casiano   Mgmt   For   For
Elect Director Anthony F. Earley, Jr.   Mgmt   For   For
Elect Director Edsel B. Ford II   Mgmt   For   For
Elect Director William Clay Ford, Jr.   Mgmt   For   For
Elect Director Richard A. Gephardt   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director William W. Helman IV   Mgmt   For   For
Elect Director Irvine O. Hockaday, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Richard A. Manoogian   Mgmt   For   For
Elect Director Ellen R. Marram   Mgmt   For   For
Elect Director Alan Mulally   Mgmt   For   For
Elect Director Homer A. Neal   Mgmt   For   For
Elect Director Gerald L. Shaheen   Mgmt   For   For

Elect Director John L. Thornton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

  Proponent   Mgmt Rec   Vote Instruction
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting, which allows all votes to be cast for a single candidate or for any two or more of them, should generally be opposed.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: TDAM guidelines support the general principle of "one share, one vote" and will generally oppose classes of shares with unequal voting rights.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles/Bylaws/Charter – Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Kohl’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KSS    10-May-12    USA    500255104    Annual    07-Mar-12

 

CUSIP: 500255104    ISIN: US5002551043    SEDOL: 2496113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Boneparth   Mgmt   For   For
Elect Director Steven A. Burd   Mgmt   For   For
Elect Director John F. Herma   Mgmt   For   For
Elect Director Dale E. Jones   Mgmt   For   For
Elect Director William S. Kellogg   Mgmt   For   For
Elect Director Kevin Mansell   Mgmt   For   For
Elect Director John E. Schlifske   Mgmt   For   For
Elect Director Frank V. Sica   Mgmt   For   For
Elect Director Peter M. Sommerhauser   Mgmt   For   For
Elect Director Stephanie A. Streeter   Mgmt   For   For
Elect Director Nina G. Vaca   Mgmt   For   For
Elect Director Stephen E. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kohl’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Ending Use of Animal Fur in Products   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that management, the Board, and the Compensation Committee are best suited to consider executive compensation and incentive issues, and that the current incentive program adequately aligns compensation and long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

ManTech International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MANT    10-May-12    USA    564563104    Annual    15-Mar-12

 

CUSIP: 564563104    ISIN: US5645631046    SEDOL: 2825308

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George J. Pedersen   Mgmt   For   For
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Mary K. Bush   Mgmt   For   For
Elect Director Barry G. Campbell   Mgmt   For   For
Elect Director Walter R. Fatzinger, Jr.   Mgmt   For   For
Elect Director David E. Jeremiah   Mgmt   For   For
Elect Director Richard J. Kerr   Mgmt   For   For
Elect Director Kenneth A. Minihan   Mgmt   For   For
Elect Director Stephen W. Porter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Monotype Imaging Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TYPE    10-May-12    USA    61022P100    Annual    22-Mar-12

 

CUSIP: 61022P100    ISIN: US61022P1003    SEDOL: B1YWR85

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Pamela F. Lenehan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Norfolk Southern Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NSC    10-May-12    USA    655844108    Annual    02-Mar-12

 

CUSIP: 655844108    ISIN: US6558441084    SEDOL: 2641894

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gerald L. Baliles   Mgmt   For   For
Elect Director Erskine B. Bowles   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Wesley G. Bush   Mgmt   For   For
Elect Director Daniel A. Carp   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Steven F. Leer   Mgmt   For   For
Elect Director Michael D. Lockhart   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    10-May-12    Australia    Q81437107    Annual    08-May-12

 

CUSIP: Q81437107    ISIN: AU000000RIO1    SEDOL: 6220103

 

  Proponent   Mgmt Rec   Vote Instruction
Accept the Financial Statements and Statutory Reports for the Year Ended Dec. 31, 2011   Mgmt   For   For
Approve the Remuneration Report for the Year Ended Dec. 31, 2011   Mgmt   For   For
Elect Chris Lynch as a Director   Mgmt   For   For
Elect John Varley as a Director   Mgmt   For   For
Elect Tom Albanese as a Director   Mgmt   For   For
Elect Robert Brown as a Director   Mgmt   For   For
Elect Vivienne Cox as a Director   Mgmt   For   For
Elect Jan du Plessis as a Director   Mgmt   For   For
Elect Guy Elliott as a Director   Mgmt   For   For
Elect Micheal Fitzpatrick as a Director   Mgmt   For   For
Elect Ann Godbehere as a Director   Mgmt   For   For
Elect Richard Goodmanson as a Director   Mgmt   For   For
Elect Lord Kerr as a Director   Mgmt   For   For
Elect Paul Tellier as a Director   Mgmt   For   For
Elect Sam Walsh as a Director   Mgmt   For   For
Approve the Reappointment of PricewaterhouseCoopers LLP as Auditors of Rio Tinto plc and Authorize the Audit Committee to Fix the Auditors’ Remuneration   Mgmt   For   For
Approve the Renewal of the Off-Market and On-Market Share Buyback Authorities   Mgmt   For   For

The Dow Chemical Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DOW    10-May-12    USA    260543103    Annual    19-Mar-12

 

CUSIP: 260543103    ISIN: US2605431038    SEDOL: 2278719

The Dow Chemical Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arnold A. Allemang   Mgmt   For   For
Elect Director Jacqueline K. Barton   Mgmt   For   For
Elect Director James A. Bell   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 58.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of J. A. Bell and J. M. Fettig, who serve on the board’s Governance committee.

 

Elect Director Jeff M. Fettig   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director John B. Hess   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director Paul Polman   Mgmt   For   For
Elect Director Dennis H. Reilley   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Elect Director Ruth G. Shaw   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, .
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.

Cameron International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAM    11-May-12    USA    13342B105    Annual    16-Mar-12

 

CUSIP: 13342B105    ISIN: US13342B1052    SEDOL: 2222233

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Baker Cunningham   Mgmt   For   For
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Douglas L. Foshee   Mgmt   For   For
Elect Director Rodolfo Landim   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it reduces shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Restatement of the Company’s Certificate of Incorporation   Mgmt   For   For
Voter Rationale: This is a routine matter that does not raise an issue of principle with respect to corporate governance. As such, TDAM supports this resolution.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Total SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FP    11-May-12    France    F92124100    Annual/Special    07-May-12

 

CUSIP: F92124100    ISIN: FR0000120271    SEDOL: B15C557

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 2.28 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Christophe de Margerie as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Patrick Artus as Director   Mgmt   For   For
Reelect Bertrand Collomb as Director   Mgmt   For   For
Reelect Anne Lauvergeon as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   For
Ratify Appointment of Gerard Lamarche as Director   Mgmt   For   For

Elect Anne-Marie Idrac as Director   Mgmt   For   For
Approve Severance Payment Agreement with Christophe de Margerie   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item as the severance package granted to Christophe de Margerie is not totally in line with best market practices, in view of the concerns of the triggering events and performance criteria.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2.5 Billion and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 850 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 14   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Proposals Made by UES Amont Total Workers’ Counsel   Mgmt    

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Additional Indicators to Include in the Information Provided on Corporate Executive Officers Remuneration   SH   Against   Against
Voter Rationale: As the company has fully disclosed the relevant details of its executive compensation practices in its proxy circular, additional disclosure does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Allow Loyalty Dividends to Long-Term Registered Shareholders   SH   Against   Against
Voter Rationale: TDAM generally opposes shareholder proposals which seek to mandate considerations which the board of directors must take into account in making business decisions. The issuance of dividends is a business decision that management, the Board and key Board committees are best suited to consider.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Equity One, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQY    14-May-12    USA    294752100    Annual    05-Mar-12

 

CUSIP: 294752100    ISIN: US2947521009    SEDOL: 2246329

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James S. Cassel   Mgmt   For   For
Elect Director Cynthia R. Cohen   Mgmt   For   For
Elect Director Neil Flanzraich   Mgmt   For   For
Elect Director Nathan Hetz   Mgmt   For   For
Elect Director Chaim Katzman   Mgmt   For   For
Elect Director Peter Linneman   Mgmt   For   For
Elect Director Jeffrey S. Olson   Mgmt   For   For
Elect Director Dori Segal   Mgmt   For   For
Elect Director David Fischel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

ING Groep NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    14-May-12    Netherlands    N4578E413    Annual    16-Apr-12

 

CUSIP: N4578E413    ISIN: NL0000303600    SEDOL: 7154182

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Open Meeting   Mgmt    
Receive Report of Management Board (Non-Voting)   Mgmt    
Receive Report of Supervisory Board (Non-Voting)   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Discuss Remuneration Report Containing Remuneration Policy for Management Board Members   Mgmt    
Discussion on Company’s Corporate Governance Structure   Mgmt    
Amend Articles Re: Legislative Changes   Mgmt   For   For
Receive Announcements on Sustainability   Mgmt    
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Ratify Ernst and Young as Auditors   Mgmt   For   For
Elect Wilfred Nagel to Executive Board   Mgmt   For   For

Reelect Aman Mehta to Supervisory Board   Mgmt   For   For
Elect Jan Holsboer to Supervisory Board   Mgmt   For   For
Elect Yvonne van Rooy to Supervisory Board   Mgmt   For   For
Elect Robert Reibestein to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital in Connection with a Major Capital Restructuring   Mgmt   For   For
Close Meeting   Mgmt    

Alaska Air Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALK    15-May-12    USA    011659109    Annual    23-Mar-12

 

CUSIP: 011659109    ISIN: US0116591092    SEDOL: 2012605

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Ayer   Mgmt   For   For
Elect Director Patricia M. Bedient   Mgmt   For   For
Elect Director Marion C. Blakey   Mgmt   For   For
Elect Director Phyllis J. Campbell   Mgmt   For   For
Elect Director Jessie J. Knight, Jr.   Mgmt   For   For
Elect Director R. Marc Langland   Mgmt   For   For
Elect Director Dennis F. Madsen   Mgmt   For   For
Elect Director Byron I. Mallott   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Bradley D. Tilden   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current long-term equity-based awards adequately align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Boston Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BXP    15-May-12    USA    101121101    Annual    21-Mar-12

 

CUSIP: 101121101    ISIN: US1011211018    SEDOL: 2019479

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence S. Bacow   Mgmt   For   For
Elect Director Zoe Baird Budinger   Mgmt   For   For
Elect Director Douglas T. Linde   Mgmt   For   For

Boston Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Matthew J. Lustig   Mgmt   For   For
Elect Director Alan J. Patricof   Mgmt   For   For
Elect Director Martin Turchin   Mgmt   For   For
Elect Director David A. Twardock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

GrafTech International Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GTI    15-May-12    USA    384313102    Annual    22-Mar-12

 

CUSIP: 384313102    ISIN: US3843131026    SEDOL: 2906719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randy W. Carson   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Harold E. Layman   Mgmt   For   For
Elect Director Ferrell P. McClean   Mgmt   For   For
Elect Director Nathan Milikowsky   Mgmt   For   For

Elect Director Michael C. Nahl   Mgmt   For   For
Elect Director Steven R. Shawley   Mgmt   For   For
Elect Director Craig S. Shular   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HIW    15-May-12    USA    431284108    Annual    01-Mar-12

 

CUSIP: 431284108    ISIN: US4312841087    SEDOL: 2420640

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas W. Adler   Mgmt   For   For
Elect Director Gene H. Anderson   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director David J. Hartzell   Mgmt   For   For
Elect Director Sherry A. Kellett   Mgmt   For   For
Elect Director Mark F. Mulhern   Mgmt   For   For
Elect Director L. Glenn Orr, Jr.   Mgmt   For   For
Elect Director O. Temple Sloan, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will oppose this item on a case-by-case basis.

JPMorgan Chase & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JPM    15-May-12    USA    46625h100    Annual    16-Mar-12

 

CUSIP: 46625h100    ISIN: US46625H1005    SEDOL: 2190385

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bell   Mgmt   For   For
Elect Director Crandall C. Bowles   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal seeking the right to act by written consent passed with 54.3 percent of total votes cast at the 2010 AGM. The shareholder resolution was also proposed at the 2011 AGM, where it garnered the support of 49 percent of votes cast, and is included on ballot once more this year (Item 19). To date, the company has not implemented the majority supported resolution.
Accordingly, TDAM will continue to oppose the elections of Burke, Raymond, and Weldon, who serve on the Corporate Governance and Nominating committee of the board.

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David M. Cote   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director James Dimon   Mgmt   For   For
Elect Director Timothy P. Flynn   Mgmt   For   For
Elect Director Ellen V. Futter   Mgmt   For   For
Elect Director Laban P. Jackson, Jr.   Mgmt   For   For
Elect Director Lee R. Raymond   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director William C. Weldon   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Affirm Political Non-Partisanship   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director
Report on Loan Modifications   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. TDAM is of the view that the Company’s current policies and processes for oversight of loan modification are adequate.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

JPMorgan Chase & Co.

 

   Proponent    Mgmt Rec    Vote Instruction
Stock Retention    SH    Against    Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Medicis Pharmaceutical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRX    15-May-12    USA    584690309    Annual    16-Mar-12

 

CUSIP: 584690309    ISIN: US5846903095    SEDOL: 2576510

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur G. Altschul, Jr.   Mgmt   For   For
Elect Director Philip S. Schein   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS’s reasoning, executive compensation is not linked to company and/or individual performance.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Quidel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QDEL    15-May-12    USA    74838J101    Annual    20-Mar-12

 

CUSIP: 74838J101    ISIN: US74838J1016    SEDOL: 2717591

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas D. Brown   Mgmt   For   For
Elect Director Douglas C. Bryant   Mgmt   For   For
Elect Director Kenneth F. Buechler   Mgmt   For   For
Elect Director Rod F. Dammeyer   Mgmt   For   For

Quidel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Lake Polan   Mgmt   For   For
Elect Director Mark A. Pulido   Mgmt   For   For
Elect Director Jack W. Schuler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Sprint Nextel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
S    15-May-12    USA    852061100    Annual    16-Mar-12

 

CUSIP: 852061100    ISIN: US8520611000    SEDOL: 2922447

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert R. Bennett   Mgmt   For   For
Elect Director Gordon M. Bethune   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director Daniel R. Hesse   Mgmt   For   For
Elect Director V. Janet Hill   Mgmt   For   For
Elect Director Frank Ianna   Mgmt   For   For
Elect Director Sven-Christer Nilsson   Mgmt   For   For
Elect Director William R. Nuti   Mgmt   For   For
Elect Director Rodney O’Neal   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s recommendation, which does not offend TDAM guidelines.  

Sprint Nextel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles of Incorporation to Opt-out of the Business Combination Statute   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Articles of Incorporation to Eliminate Business Combination Provision   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   For
Adopt Policy on Bonus Banking   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s executive compensation approach effectively aligns executive performance with long-term shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Statoil ASA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STL    15-May-12    Norway    R8413J103    Annual   

 

CUSIP: R4446E112    ISIN: NO0010096985    SEDOL: 7133608

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Registration of Attending Shareholders and Proxies   Mgmt    
Elect Olaug Svarva as Chairman of Meeting   Mgmt   For   For
Approve Notice of Meeting and Agenda   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 6.50 per Share   Mgmt   For   For
Shareholder Proposals   Mgmt    
Withdraw Company From Tar Sands Activities in Canada   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. TDAM analyses these proposals on a case-by-case basis.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Management Proposals   Mgmt    
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted as, under the cash-based long-term incentive program, executives are in essence granted free shares without any performance criteria attached. Furthermore, the share-matching element of the employee stock purchase plan is subject to only two-year vesting.
Approve Remuneration of Auditors for 2011   Mgmt   For   For
Elect KPMG as Auditors   Mgmt   For   For
Reelect Olaug Svarva as Member of Corporate Assembly   Mgmt   For   For
Reelect Idar Kreutzer as Member of Corporate Assembly   Mgmt   For   For
Reelect Karin Aslaksen as Member of Corporate Assembly   Mgmt   For   For
Reelect Greger Mannsverk as Member of Corporate Assembly   Mgmt   For   For
Reelect Steinar Olsen as Member of Corporate Assembly   Mgmt   For   For
Reelect Ingvald Strommen as Member of Corporate Assembly   Mgmt   For   For
Reelect Rune Bjerke as Member of Corporate Assembly   Mgmt   For   For
Reelect Tore Ulstein as Member of Corporate Assembly   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Corporate Assembly   Mgmt   For   For
Reelect Siri Kalvig as Member of Corporate Assembly   Mgmt   For   For
Reelect Thor Oscar Bolstad as Member of Corporate Assembly   Mgmt   For   For
Reelect Barbro Haetta as Member of Corporate Assembly   Mgmt   For   For
Reelect Arthur Sletteberg as Deputy Member of Corporate Assembly   Mgmt   For   For
Elect Bassim Haj as New Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Anne-Margrethe Firing as Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Linda Litlekalsoy Aase as Deputy Member of Corporate Assembly   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration of Corporate Assembly in the Amount of NOK 107,900 for Chair, NOK 56,800 for Vice Chair, NOK 39,900 for Other Members, and NOK 5,700 per Meeting for Deputy Members   Mgmt   For   For
Reelect Olaug Svarva as Chairman of Nominating Committee   Mgmt   For   For
Reelect Tom Rathke as Member of Nominating Committee   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Nominating Committee   Mgmt   For   For
Reelect Ingrid Dramdal Rasmussen as Member of Nominating Committee   Mgmt   For   For
Approve Remuneration of Members of Nominating Committee in the Amount of NOK 10,800 per Meeting for Chairman and NOK 8,000 per Meeting for Regular Members   Mgmt   For   For
Authorize Repurchase and Reissuance of Shares up to a Nominal Value of NOK 27.5 Million in Connection with Share Saving Scheme for Employees   Mgmt   For   Against
Policy Rationale: Support for this proposal is note warranted given that the repurchased shares will be issued to finance a share matching plan which does not merit approval.
Authorize Repurchase of Shares up to a Nominal Value of NOK 187.5 Million and Cancellation of Repurchased Shares   Mgmt   For   For

Time Warner Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TWX    15-May-12    USA    887317303    Annual    22-Mar-12

 

CUSIP: 887317303    ISIN: US8873173038    SEDOL: B63QTN2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 55.8 percent of votes cast at the 2009 AGM. Although management lowered the threshold to call special meetings to 15% of shares, there are material restrictions on shareholders' right to call special meetings. Although the board stated that some of its shareholders have indicated that they preferred a threshold between 10 percent and 25 percent, the resolution requesting a 10 percent threshold was favourably suppported by the company's shareholders. Accordingly, TDAM will oppose the elections of James L. Barksdale, Robert C. Clark, Jessica P. Einhorn and Kenneth J. Novack, as they serve on the Nominating and Governance committee of the board.
Elect Director William P. Barr   Mgmt   For   For
Elect Director Jeffrey L. Bewkes   Mgmt   For   For

Time Warner Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen F. Bollenbach   Mgmt   For   For
Elect Director Robert C. Clark   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mathias Dopfner   Mgmt   For   For
Elect Director Jessica P. Einhorn   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Fred Hassan   Mgmt   For   For
Elect Director Kenneth J. Novack   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Paul D. Wachter   Mgmt   For   For
Elect Director Deborah C. Wright   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

American International Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AIG    16-May-12    USA    026874784    Annual    21-Mar-12

 

CUSIP: 026874784    ISIN: US0268747849    SEDOL: 2027342

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Benmosche   Mgmt   For   For
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director John H. Fitzpatrick   Mgmt   For   For
Elect Director Laurette T. Koellner   Mgmt   For   For
Elect Director Donald H. Layton   Mgmt   For   For
Elect Director Christopher S. Lynch   Mgmt   For   For

American International Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur C. Martinez   Mgmt   For   For
Elect Director George L. Miles, Jr.   Mgmt   For   For
Elect Director Henry S. Miller   Mgmt   For   For
Elect Director Robert S. Miller   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ronald A. Rittenmeyer   Mgmt   For   For
Elect Director Douglas M. Steenland   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Berry Petroleum Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRY    16-May-12    USA    085789105    Annual    19-Mar-12

 

CUSIP: 085789105    ISIN: US0857891057    SEDOL: 2094227

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ralph B. Busch, III   Mgmt   For   For
Elect Director William E. Bush, Jr.   Mgmt   For   For
Elect Director Stephen L. Cropper   Mgmt   For   For
Elect Director J. Herbert Gaul, Jr.   Mgmt   For   For
Elect Director Stephen J. Hadden   Mgmt   For   For
Elect Director Robert F. Heinemann   Mgmt   For   For
Elect Director Thomas J. Jamieson   Mgmt   For   For
Elect Director J. Frank Keller   Mgmt   For   For
Elect Director Michael S. Reddin   Mgmt   For   For
Elect Director Martin H. Young, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BG Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BG.    16-May-12    United Kingdom    G1245Z108    Annual    14-May-12

 

CUSIP: G1245Z108    ISIN: GB0008762899    SEDOL: 0876289

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Vivienne Cox as Director   Mgmt   For   For
Elect Chris Finlayson as Director   Mgmt   For   For
Elect Andrew Gould as Director   Mgmt   For   For
Re-elect Peter Backhouse as Director   Mgmt   For   For
Re-elect Fabio Barbosa as Director   Mgmt   For   For
Re-elect Sir Frank Chapman as Director   Mgmt   For   For
Re-elect Baroness Hogg as Director   Mgmt   For   For
Re-elect Dr John Hood as Director   Mgmt   For   For
Re-elect Martin Houston as Director   Mgmt   For   For
Re-elect Caio Koch-Weser as Director   Mgmt   For   For
Re-elect Sir David Manning as Director   Mgmt   For   For
Re-elect Mark Seligman as Director   Mgmt   For   For
Re-elect Patrick Thomas as Director   Mgmt   For   For
Re-elect Philippe Varin as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BMW Group Bayerische Motoren Werke AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMW    16-May-12    Germany    D12096109    Annual    24-Apr-12

 

CUSIP: D12096109    ISIN: DE0005190003    SEDOL: 5756029

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.32 per Preference Share and EUR 2.30 per Ordinary Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Halliburton Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HAL    16-May-12    USA    406216101    Annual    19-Mar-12

 

CUSIP: 406216101    ISIN: US4062161017    SEDOL: 2405302

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan M. Bennett   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the 2009 annual meeting, a shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support of 53.3 percent of votes cast. The company amended its bylaws to allow holders of at least 25 percent to call a special meeting. Although the bylaws were also amended to allow a single shareholder owning ten percent of the company’s common stock to call a special meeting, this fails to meet the request of the proponents. Therefore, TDAM will oppose the elections of Bennett, Carroll, Jum’ah, Martin, and Reed, who serve on the Nominating and Corporate Governance Committee.
Elect Director James R. Boyd   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director Murry S. Gerber   Mgmt   For   For
Elect Director S. Malcolm Gillis   Mgmt   For   For

Halliburton Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Abdallah S. Jum’ah   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director David J. Lesar   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director J. Landis Martin   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Debra L. Reed   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Magellan Health Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MGLN    16-May-12    USA    559079207    Annual    30-Mar-12

 

CUSIP: 559079207    ISIN: US5590792074    SEDOL: 2307787

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rene Lerer   Mgmt   For   For
Elect Director Mary F. Sammons   Mgmt   For   For
Elect Director Eran Broshy   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Primerica Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRI    16-May-12    USA    74164M108    Annual    19-Mar-12

 

CUSIP: 74164M108    ISIN: US74164M1080    SEDOL: B50K3X8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Richard Williams   Mgmt   For   For
Elect Director Barbara A. Yastine   Mgmt   For   For
Elect Director Daniel A. Zilberman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ProAssurance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRA    16-May-12    USA    74267C106    Annual    23-Mar-12

 

CUSIP: 74267C106    ISIN: US74267C1062    SEDOL: 2612737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. James Gorrie   Mgmt   For   For
Elect Director Anthony R. Tersigni   Mgmt   For   For
Elect Director Frank A. Spinosa   Mgmt   For   For
Elect Director Thomas A.S. Wilson Jr.   Mgmt   For   For
Elect Director John J. McMahon Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Qlik Technologies Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QLIK    16-May-12    USA    74733T105    Annual    22-Mar-12

 

CUSIP: 74733T105    ISIN: US74733T1051    SEDOL: B3WPL22

Qlik Technologies Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deborah C. Hopkins   Mgmt   For   For
Elect Director Paul Wahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Silicon Image, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIMG    16-May-12    USA    82705T102    Annual    23-Mar-12

 

CUSIP: 82705T102    ISIN: US82705T1025    SEDOL: 2497581

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Hanelt   Mgmt   For   For
Elect Director William George   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Thomson Reuters Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TRI    16-May-12    Canada    884903105    Annual    23-Mar-12

 

CUSIP: 884903105    ISIN: CA8849031056    SEDOL: 2889371

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Thomson   Mgmt   For   For
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James C. Smith   Mgmt   For   For
Elect Director Manvinder S. Banga   Mgmt   For   For
Elect Director Mary Cirillo   Mgmt   For   For

Thomson Reuters Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Denning   Mgmt   For   For
Elect Director Lawton W. Fitt   Mgmt   For   For
Elect Director Roger L. Martin   Mgmt   For   For
Elect Director Sir Deryck Maughan   Mgmt   For   For
Elect Director Ken Olisa   Mgmt   For   For
Elect Director Vance K. Opperman   Mgmt   For   For
Elect Director John M. Thompson   Mgmt   For   For
Elect Director Peter J. Thomson   Mgmt   For   For
Elect Director Wulf von Schimmelmann   Mgmt   For   For
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote on Executive Compensation Approach   Mgmt   For   For
Voter Rationale: No significant compensation issues are identified at this time.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.  

Acacia Research Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACTG    17-May-12    USA    003881307    Annual    23-Mar-12

 

CUSIP: 003881307    ISIN: US0038813079    SEDOL: 2169589

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul R. Ryan   Mgmt   For   For
Elect Director G. Louis Graziadio, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.

Credit Acceptance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACC    17-May-12    USA    225310101    Annual    22-Mar-12

 

CUSIP: 225310101    ISIN: US2253101016    SEDOL: 2232050

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald A. Foss   Mgmt   For   For
Elect Director Glenda J. Flanagan   Mgmt   For   For
Elect Director Brett A. Roberts   Mgmt   For   For
Elect Director Thomas N. Tryforos   Mgmt   For   For
Elect Director Scott J. Vassalluzzo   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Geron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GERN    17-May-12    USA    374163103    Annual    20-Mar-12

 

CUSIP: 374163103    ISIN: US3741631036    SEDOL: 2370381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas Hofstaetter   Mgmt   For   For
ElectDirector John A. Scarlett   Mgmt   For   For
ElectDirector Robert J. Spiegel   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Horsehead Holding Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ZINC    17-May-12    USA    440694305    Annual    30-Mar-12

 

CUSIP: 440694305    ISIN: US4406943054    SEDOL: B23XLC8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director T. Grant John   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Intel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INTC    17-May-12    USA    458140100    Annual    19-Mar-12

 

CUSIP: 458140100    ISIN: US4581401001    SEDOL: 2463247

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charlene Barshefsky   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For

Elect Director Susan L. Decker   Mgmt   For   For
Elect Director John J. Donahoe   Mgmt   For   For
Elect Director Reed E. Hundt   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director James D. Plummer   Mgmt   For   For
Elect Director David S. Pottruck   Mgmt   For   For
Elect Director Frank D. Yeary   Mgmt   For   For
Elect Director David B. Yoffie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Invacare Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVC    17-May-12    USA    461203101    Annual    23-Mar-12

 

CUSIP: 461203101    ISIN: US4612031017    SEDOL: 2467971

 

  Proponent   Mgmt Rec  

Vote

Instruction

Elect Director Michael F. Delaney   Mgmt   For   For
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director A. Malachi Mixon, III   Mgmt   For   For
Elect Director Baiju R. Shah   Mgmt   For   For
Elect Director Gerald B. Blouch   Mgmt   For   For
Elect Director William M. Weber   Mgmt   For   For
Elect Director Charles S. Robb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

John Bean Technologies Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JBT    17-May-12    USA    477839104    Annual    20-Mar-12

 

CUSIP: 477839104    ISIN: US4778391049    SEDOL: B3BRJZ8

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Maury Devine   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kilroy Realty Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KRC    17-May-12    USA    49427F108    Annual    16-Mar-12

 

CUSIP: 49427F108    ISIN: US49427F1084    SEDOL: 2495529

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. Kilroy, Sr.   Mgmt   For   For
Elect Director John B. Kilroy, Jr.   Mgmt   For   For
Elect Director Edward F. Brennan   Mgmt   For   For
Elect Director William P. Dickey   Mgmt   For   For
Elect Director Scott S. Ingraham   Mgmt   For   For
Elect Director Dale F. Kinsella   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, executive compensation is unrelated to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Lloyds Banking Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    17-May-12    United Kingdom    G5533W248    Annual    15-May-12

 

CUSIP: G5542W106    ISIN: GB0008706128    SEDOL: 0870612

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect George Culmer as Director   Mgmt   For   For
Elect Sara Weller as Director   Mgmt   For   For
Re-elect Sir Winfried Bischoff as Director   Mgmt   For   For
Re-elect Anita Frew as Director   Mgmt   For   For
Re-elect Antonio Horta-Osorio as Director   Mgmt   For   For
Re-elect David Roberts as Director   Mgmt   For   For
Re-elect Timothy Ryan as Director   Mgmt   For   For

Lloyds Banking Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Martin Scicluna as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve Share Incentive Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

MannKind Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MNKD    17-May-12    USA    56400P201    Annual    19-Mar-12

 

CUSIP: 56400P201    ISIN: US56400P2011    SEDOL: B010TR8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alfred E. Mann   Mgmt   For   For
Elect Director Hakan S. Edstrom   Mgmt   For   For
Elect Director Abraham E. Cohen   Mgmt   For   For
Elect Director Ronald Consiglio   Mgmt   For   For
Elect Director Michael Friedman   Mgmt   For   For
Elect Director Kent Kresa   Mgmt   For   For
Elect Director David H. MacCallum   Mgmt   For   For
Elect Director Henry L. Nordhoff   Mgmt   For   For
Elect Director James S. Shannon   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

MannKind Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant. TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Meadowbrook Insurance Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MIG    17-May-12    USA    58319P108    Annual    21-Mar-12

 

CUSIP: 58319P108    ISIN: US58319P1084    SEDOL: 2574945

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert S. Cubbin   Mgmt   For   For
Elect Director Robert F. Fix   Mgmt   For   For
Elect Director Hugh W. Greenberg   Mgmt   For   For
Elect Director Florine Mark   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’   Mgmt   For   For
Compensation      

Prudential plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRU    17-May-12    United Kingdom    G72899100    Annual    15-May-12

 

CUSIP: G72899100    ISIN: GB0007099541    SEDOL: 0709954

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Prudential plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because significant basic salary increases for Executive Directors have been implemented for 2012, and the maximum potential bonus and long-term incentive awards were also increased for 2012. In addition, the Remuneration Committee moved the goalposts of one Executive Director’s long-term incentives two years into a three-year performance period by applying changes to its performance criteria retrospectively, which resulted in the vesting of a high proportion of those awards.
Approve Final Dividend   Mgmt   For   For
Elect Alexander Johnston as Director   Mgmt   For   For
Elect Kaikhushru Nargolwala as Director   Mgmt   For   For
Re-elect Keki Dadiseth as Director   Mgmt   For   For
Re-elect Sir Howard Davies as Director   Mgmt   For   For
Re-elect Robert Devey as Director   Mgmt   For   For
Re-elect John Foley as Director   Mgmt   For   For
Re-elect Michael Garrett as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Paul Manduca as Director   Mgmt   For   For
Re-elect Harvey McGrath as Director   Mgmt   For   For
Re-elect Michael McLintock as Director   Mgmt   For   For
Re-elect Nicolaos Nicandrou as Director   Mgmt   For   For
Re-elect Barry Stowe as Director   Mgmt   For   For
Re-elect Tidjane Thiam as Director   Mgmt   For   For
Re-elect Lord Turnbull as Director   Mgmt   For   For
Re-elect Michael Wells as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Approve International Savings-Related Share Option Scheme for Non-Employees 2012   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Republic Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RSG    17-May-12    USA    760759100    Annual    20-Mar-12

 

CUSIP: 760759100    ISIN: US7607591002    SEDOL: 2262530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James W. Crownover   Mgmt   For   For
Elect Director William J. Flynn   Mgmt   For   For
Elect Director Michael Larson   Mgmt   For   For
Elect Director Nolan Lehmann   Mgmt   For   For
Elect Director W. Lee Nutter   Mgmt   For   For
Elect Director Ramon A. Rodriguez   Mgmt   For   For
Elect Director Donald W. Slager   Mgmt   For   For
Elect Director Allan C. Sorensen   Mgmt   For   For
Elect Director John M. Trani   Mgmt   For   For
Elect Director Michael W. Wickham   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives   SH   Against   For
Policy Rationale: TDAM supports shareholder proposals requesting submission of golden coffins to a shareholder vote.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Simon Property Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SPG    17-May-12    USA    828806109    Annual    19-Mar-12

 

CUSIP: 828806109    ISIN: US8288061091    SEDOL: 2812452

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn E. Bergstein   Mgmt   For   For

Simon Property Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Allan Hubbard   Mgmt   For   For
Elect Director Reuben S. Leibowitz   Mgmt   For   For
Elect Director Daniel C. Smith   Mgmt   For   For
Elect Director J. Albert Smith, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, a pay-for-performance disconnect is noted as the CEO’s $120 million retention award granted in 2011 was not related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

The Charles Schwab Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SCHW    17-May-12    USA    808513105    Annual    19-Mar-12

 

CUSIP: 808513105    ISIN: US8085131055    SEDOL: 2779397

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy H. Bechtle   Mgmt   For   For
Elect Director Walter W. Bettinger, II   Mgmt   For   For
Elect Director C. Preston Butcher   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.  

The Charles Schwab Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM support for this item is not warranted.

Bruker Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRKR    18-May-12    USA    116794108    Annual    30-Mar-12

 

CUSIP: 116794108    ISIN: US1167941087    SEDOL: 2616137

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard D. Kniss   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Joerg C. Laukien   Mgmt   For   For
Elect Director William A. Linton   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Chris Van Ingen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rockwood Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROC    18-May-12    USA    774415103    Annual    21-Mar-12

 

CUSIP: 774415103    ISIN: US7744151033    SEDOL: B0GWF93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director J. Kent Masters   Mgmt   For   For

Rockwood Holdings, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Seattle Genetics, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGEN    18-May-12    USA    812578102    Annual    23-Mar-12

 

CUSIP: 812578102    ISIN: US8125781026    SEDOL: 2738127

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clay B. Siegall   Mgmt   For   For
Elect Director Felix Baker   Mgmt   For   For
Elect Director Nancy A. Simonian   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKT    18-May-12    USA    875465106    Annual    21-Mar-12

 

CUSIP: 875465106    ISIN: US8754651060    SEDOL: 2874582

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack Africk   Mgmt   For   For
Elect Director Steven B. Tanger   Mgmt   For   For
Elect Director William G. Benton   Mgmt   For   For
Elect Director Bridget Ryan Berman   Mgmt   For   For
Elect Director Donald G. Drapkin   Mgmt   For   For
Elect Director Thomas J. Reddin   Mgmt   For   For
Elect Director Thomas E. Robinson   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Allan L. Schuman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Dillard’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DDS    19-May-12    USA    254067101    Annual    26-Mar-12

 

CUSIP: 254067101    ISIN: US2540671011    SEDOL: 2269768

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Frank R. Mori   Mgmt   For   For
Elect Director J.C. Watts, Jr.   Mgmt   For   For
Elect Director Nick White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NUS    21-May-12    USA    67018T105    Annual    05-Apr-12

 

CUSIP: 67018T105    ISIN: US67018T1051    SEDOL: 2616870

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nevin N. Andersen   Mgmt   For   For
Elect Director Daniel W. Campbell   Mgmt   For   For
Elect Director M. Truman Hunt   Mgmt   For   For
Elect Director Andrew D. Lipman   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Lund   Mgmt   For   For
Elect Director Patricia A. Negron   Mgmt   For   For
Elect Director Neil H. Offen   Mgmt   For   For
Elect Director Thomas R. Pisano   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Onyx Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ONXX    21-May-12    USA    683399109    Annual    22-Mar-12

 

CUSIP: 683399109    ISIN: US6833991093    SEDOL: 2656069

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul Goddard   Mgmt   For   For
Elect Director Antonio J. Grillo-Lopez   Mgmt   For   For
Elect Director Wendell Wierenga   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ViroPharma Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VPHM    21-May-12    USA    928241108    Annual    02-Apr-12

 

CUSIP: 928241108    ISIN: US9282411084    SEDOL: 2945660

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Michael R. Dougherty   Mgmt   For   For

ViroPharma Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Glaser   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

CARBO Ceramics Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CRR    22-May-12    USA    140781105    Annual    26-Mar-12

 

CUSIP: 140781105    ISIN: US1407811058    SEDOL: 2238821

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sigmund L. Cornelius   Mgmt   For   For
Elect Director James B. Jennings   Mgmt   For   For
Elect Director Gary A. Kolstad   Mgmt   For   For
Elect Director H. E. Lentz, Jr.   Mgmt   For   For
Elect Director Randy L. Limbacher   Mgmt   For   For
Elect Director William C. Morris   Mgmt   For   For
Elect Director Robert S. Rubin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cymer, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CYMI    22-May-12    USA    232572107    Annual    26-Mar-12

 

CUSIP: 232572107    ISIN: US2325721072    SEDOL: 2192284

Cymer, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles J. Abbe   Mgmt   For   For
Elect Director Robert P. Akins   Mgmt   For   For
Elect Director Edward H. Braun   Mgmt   For   For
Elect Director Michael R. Gaulke   Mgmt   For   For
Elect Director William G. Oldham   Mgmt   For   For

Elect Director Eric M. Ruttenberg   Mgmt   For   For
Elect Director Peter J. Simone   Mgmt   For   For
Elect Director Young K. Sohn   Mgmt   For   For
Elect Director Jon D. Tompkins   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Genesee & Wyoming Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GWR    22-May-12    USA    371559105    Annual    02-Apr-12

 

CUSIP: 371559105    ISIN: US3715591059    SEDOL: 2374060

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard H. Allert   Mgmt   For   For
Elect Director Michael Norkus   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Merck & Co., Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRK    22-May-12    USA    58933Y105    Annual    23-Mar-12

 

CUSIP: 58933Y105    ISIN: US58933Y1055    SEDOL: 2778844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leslie A. Brun   Mgmt   For   For
Elect Director Thomas R. Cech   Mgmt   For   For
Elect Director Kenneth C. Frazier   Mgmt   For   For
Elect Director Thomas H. Glocer   Mgmt   For   For
Elect Director William B. Harrison Jr.   Mgmt   For   For
Elect Director C. Robert Kidder   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For

Elect Director Carlos E. Represas   Mgmt   For   For
Elect Director Patricia F. Russo   Mgmt   For   For
Elect Director Craig B. Thompson   Mgmt   For   For
Elect Director Wendell P. Weeks   Mgmt   For   For
Elect Director Peter C. Wendell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Amend Bylaws – Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Report on Charitable and Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. This proposal does not provide shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

MFA Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFA    22-May-12    USA    55272X102    Annual    26-Mar-12

 

CUSIP: 55272X102    ISIN: US55272X1028    SEDOL: 2418162

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael L. Dahir   Mgmt   For   For
Elect Director Robin Josephs   Mgmt   For   For
Elect Director George H. Krauss   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Navigant Consulting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCI    22-May-12    USA    63935N107    Annual    26-Mar-12

 

CUSIP: 63935N107    ISIN: US63935N1072    SEDOL: 2564797

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Gildehaus   Mgmt   For   For
Elect Director Cynthia A. Glassman   Mgmt   For   For
Elect Director Peter B. Pond   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s reasoning, the board of directors has shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ODFL    22-May-12    USA    679580100    Annual    16-Mar-12

 

CUSIP: 679580100    ISIN: US6795801009    SEDOL: 2656423

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Earl E. Congdon   Mgmt   For   For
Elect Director David S. Congdon   Mgmt   For   For
Elect Director John R. Congdon   Mgmt   For   For
Elect Director J. Paul Breitbach   Mgmt   For   For
Elect Director John R. Congdon, Jr.   Mgmt   For   For
Elect Director Robert G. Culp, III   Mgmt   For   For
Elect Director John D. Kasarda   Mgmt   For   For
Elect Director Leo H. Suggs   Mgmt   For   For
Elect Director D. Michael Wray   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: The board of directors have shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Omnicell, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OMCL    22-May-12    USA    68213N109    Annual    29-Mar-12

 

CUSIP: 68213N109    ISIN: US68213N1090    SEDOL: 2789523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall A. Lipps   Mgmt   For   For
Elect Director Joseph E. Whitters   Mgmt   For   For
Elect Director Vance B. Moore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Omnicell, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Royal Dutch Shell plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDSB    22-May-12    United Kingdom    G7690A118    Annual    18-May-12

 

CUSIP: G7690A118    ISIN: GB00B03MM408    SEDOL: B03MM40

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Sir Nigel Sheinwald as Director   Mgmt   For   For
Re-elect Josef Ackermann as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Simon Henry as Director   Mgmt   For   For
Re-elect Charles Holliday as Director   Mgmt   For   For
Re-elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Jorma Ollila as Director   Mgmt   For   For

Re-elect Linda Stuntz as Director   Mgmt   For   For
Re-elect Jeroen van der Veer as Director   Mgmt   For   For
Re-elect Peter Voser as Director   Mgmt   For   For
Re-elect Hans Wijers as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For

Societe Generale

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLE    22-May-12    France    F43638141    Annual/Special    16-May-12

 

CUSIP: F43638141    ISIN: FR0000130809    SEDOL: 5966516

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and and Absence of Dividends   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Non Compete Agreement with Frederic Oudea   Mgmt   For   Against
Policy Rationale: TDAM opposes this proposal as Frédéric Oudéa is entitled to receive his indemnity compensating the non-compete agreement (duration and indemnification of which are extended to 18 months) while simultaneously receiving his indemnity compensating the loss of the additional pension scheme from which he previously benefited (a gross amount of EUR 300,000 per year).
Reelect Michel Cicurel as Director   Mgmt   For   For
Reelect Nathalie Rachou as Director   Mgmt   For   For
Elect Yann Delabriere as Director   Mgmt   For   For
Elect Thierry Martel as Director   Mgmt   For   For
Appoint Ernst and Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Deloitte et Associes as Auditor   Mgmt   For   For
Appoint Picarle et Associes as Alternate Auditor   Mgmt   For   For
Appoint Beas as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 5 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    

Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 485 Million; and/or Capitalization of Reserves of up to EUR 550 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 145 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 2 Billion   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, potential dilution is at least 10.24%
Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Performance Condition for Restricted Share Plan Adopted on Novembre 2, 2010   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Shareholder Proposal   Mgmt    
Adopt Two-Tiered Board Structure   SH   Against   For
Voter Rationale: In line with ISS’s reasoning, this proposal is consistent with corporate governance best practices.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Southwestern Energy Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWN    22-May-12    USA    845467109    Annual    30-Mar-12

 

CUSIP: 845467109    ISIN: US8454671095    SEDOL: 2828619

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lewis E. Epley, Jr.   Mgmt   For   For
Elect Director Robert L. Howard   Mgmt   For   For
Elect Director Catherine A. Kehr   Mgmt   For   For
Elect Director Greg D. Kerley   Mgmt   For   For
Elect Director Harold M. Korell   Mgmt   For   For
Elect Director Vello A. Kuuskraa   Mgmt   For   For
Elect Director Kenneth R. Mourton   Mgmt   For   For

Southwestern Energy Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven L. Mueller   Mgmt   For   For
Elect Director Charles E. Scharlau   Mgmt   For   For
Elect Director Alan H. Stevens   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation programs and policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

The Allstate Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALL    22-May-12    USA    020002101    Annual    23-Mar-12

 

CUSIP: 020002101    ISIN: US0200021014    SEDOL: 2019952

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Robert D. Beyer   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Jack M. Greenberg   Mgmt   For   For
Elect Director Ronald T. LeMay   Mgmt   For   For
Elect Director Andrea Redmond   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Elect Director John W. Rowe   Mgmt   For   For

Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Judith A. Sprieser   Mgmt   For   For
Elect Director Mary Alice Taylor   Mgmt   For   For
Elect Director Thomas J. Wilson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Allstate Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Provide Right to Act by Written Consent   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with management and ISS reasoning, this proposal will increase shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Amgen Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMGN    23-May-12    USA    031162100    Annual    26-Mar-12

 

CUSIP: 031162100    ISIN: US0311621009    SEDOL: 2023607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Baltimore   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 59.5 percent of votes cast at the 2009 AGM. Following this, the board adopted an amendment to the bylaws, which also includes certain problematic clauses designed to prevent such meetings, giving the holders of 15 percent of the company’s outstanding common stock the right to call a special meeting. To date, the company has taken no further action to fully implement the majority supported resolution. Accordingly, TDAM will oppose the members of the board’s and Governance and Nominating Committee.
Elect Director Frank J. Biondi, Jr.   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Francois De Carbonnel   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vance D. Coffman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rebecca M. Henderson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.  

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Herringer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Tyler Jacks   Mgmt   For   For
Elect Director Gilbert S. Omenn   Mgmt   For   For
Elect Director Judith C. Pelham   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Elect Director Leonard D. Schaeffer   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’   Mgmt   For   For
Compensation      
Provide Right to Act by Written Consent   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this item as the board has appointed an independent lead director and has a corporate governance/nomination committee composed entirely of independent directors.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Limit CEO to Serving on only One Other Board   SH   Against   Against
Voter Rationale: The company’s current policy on this issue effectively addresses the shareholder’s concerns. The company’s current policy does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AvalonBay Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AVB    23-May-12    USA    053484101    Annual    09-Mar-12

 

CUSIP: 053484101    ISIN: US0534841012    SEDOL: 2131179

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bryce Blair   Mgmt   For   For
Elect Director Alan B. Buckelew   Mgmt   For   For
Elect Director Bruce A. Choate   Mgmt   For   For
Elect Director John J. Healy, Jr.   Mgmt   For   For
Elect Director Timothy J. Naughton   Mgmt   For   For
Elect Director Lance R. Primis   Mgmt   For   For
Elect Director Peter S. Rummell   Mgmt   For   For
Elect Director H. Jay Sarles   Mgmt   For   For
Elect Director W. Edward Walter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM supports this proposal in light of the benefit to shareholders of more comprehensive disclosure of company sustainability-related metrics and goals.

BNP Paribas SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BNP    23-May-12    France    F1058Q238    Annual/Special    17-May-12

 

CUSIP: F1058Q238    ISIN: FR0000131104    SEDOL: 7309681

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For

BNP Paribas SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Renew Appointments of Deloitte & Associes as Auditor and Beas as Alternate Auditor   Mgmt   For   For
Renew Appointments of Mazars as Auditor and Michel Barbet Massin as Alternate Auditor   Mgmt   For   For
Renew Appointment of PricewaterhouseCoopers as Auditors and Elect Anik Chaumartin as Alternate Auditor   Mgmt   For   For
Reelect Denis Kessler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Reelect Laurence Parisot as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Elect Pierre Andre de Chalendar as Director   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 350 Million   Mgmt   For   For
Authorize Capital Increase of Up to EUR 350 Million for Future Exchange Offers   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 14 to 16 at EUR 350 Million   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 13 to 16 at EUR 1 Billion   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Kraft Foods Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KFT    23-May-12    USA    50075N104    Annual    15-Mar-12

 

CUSIP: 50075N104    ISIN: US50075N1046    SEDOL: 2764296

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Myra M. Hart   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 53.1 percent of votes cast at the 2010 AGM. The board did not take action to adopt written consent and has yet to implement this resolution. Accordingly, TDAM will opose the elections of Hart, Henry, Juliber, and Boxmeer, who serve on the Nominating and Governance committee of the board.
Elect Director Peter B. Henry   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Lois D. Juliber   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mark D. Ketchum   Mgmt   For   For
Elect Director Terry J. Lundgren   Mgmt   For   For
Elect Director Mackey J. McDonald   Mgmt   For   For
Elect Director Jorge S. Mesquita   Mgmt   For   For
Elect Director John C. Pope   Mgmt   For   For
Elect Director Fredric G. Reynolds   Mgmt   For   For
Elect Director Irene B. Rosenfeld   Mgmt   For   For
Elect Director Jean-François M.L. van Boxmeer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Voter Rationale: This is a routine resolution which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Supply Chain and Deforestation   SH   Against   For
Voter Rationale: The company currently does not provide adequate disclosure on the impact of its soya, beef, and sugar purchasing on deforestation risk. Additional disclosure would provide shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  

Kraft Foods Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Adopting Extended Producer Responsibility Policy   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because shareholders would benefit from additional information regarding the company’s current packaging reduction and recycling initiatives.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Southern Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SO    23-May-12    USA    842587107    Annual    26-Mar-12

 

CUSIP: 842587107    ISIN: US8425871071    SEDOL: 2829601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Juanita Powell Baranco   Mgmt   For   For
Elect Director Jon A. Boscia   Mgmt   For   For
Elect Director Henry A. Clark, III   Mgmt   For   For
Elect Director Thomas A. Fanning   Mgmt   For   For
Elect Director H. William Habermeyer, Jr.   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Warren A. Hood, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Dale E. Klein   Mgmt   For   For
Elect Director William G. Smith, Jr.   Mgmt   For   For
Elect Director Steven R. Specker   Mgmt   For   For
Elect Director Larry D. Thompson   Mgmt   For   For
Elect Director E. Jenner Wood, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Southern Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Coal Combustion Waste Hazard and Risk Mitigation Efforts   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted in light of the benefit of increased company disclosure in enabling shareholders to assess the company’s coal combustion waste management and disposal practices, and the potential impacts of anticipated governmental regulation.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.  

Thermo Fisher Scientific Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TMO    23-May-12    USA    883556102    Annual    26-Mar-12

 

CUSIP: 883556102    ISIN: US8835561023    SEDOL: 2886907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director Judy C. Lewent   Mgmt   For   For
Elect Director Jim P. Manzi   Mgmt   For   For
Elect Director Lars R. Sorensen   Mgmt   For   For
Elect Director Elaine S. Ullian   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Westlake Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WLK    23-May-12    USA    960413102    Annual    05-Apr-12

 

CUSIP: 960413102    ISIN: US9604131022    SEDOL: B01ZP20

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James Chao   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For

Westlake Chemical Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Alexander’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALX    24-May-12    USA    014752109    Annual    30-Mar-12

 

CUSIP: 014752109    ISIN: US0147521092    SEDOL: 2014021

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Mandelbaum   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Arthur I. Sonnenblick   Mgmt   For   For
Elect Director Richard R. West   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Amazon.com, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMZN    24-May-12    USA    023135106    Annual    02-Apr-12

 

CUSIP: 023135106    ISIN: US0231351067    SEDOL: 2000019

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey P. Bezos   Mgmt   For   For
Elect Director Tom A. Alberg   Mgmt   For   For
Elect Director John Seely Brown   Mgmt   For   For
Elect Director William B. Gordon   Mgmt   For   For
Elect Director Jamie S. Gorelick   Mgmt   For   For
Elect Director Blake G. Krikorian   Mgmt   For   For
Elect Director Alain Monie   Mgmt   For   For
Elect Director Jonathan J. Rubinstein   Mgmt   For   For

Amazon.com, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas O. Ryder   Mgmt   For   For
Elect Director Patricia Q. Stonesifer   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Report on Climate Change   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as shareholders could benefit from more detailed disclosure on the company’s overall climate change strategies and initiatives, which may add strategic and reputational value given the potential shifts in the regulatory environment, interpretive guidance from the SEC on climate change disclosure, and the trend towards corporate adoption and disclosure of climate change strategies.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  

Cash America International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSH    24-May-12    USA    14754D100    Annual    27-Mar-12

 

CUSIP: 14754D100    ISIN: US14754D1000    SEDOL: 2179425

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Daniel E. Berce   Mgmt   For   For
Elect Director Jack R. Daugherty   Mgmt   For   For
Elect Director Daniel R. Feehan   Mgmt   For   For
Elect Director Albert Goldstein   Mgmt   For   For
Elect Director James H. Graves   Mgmt   For   For
Elect Director B.d. Hunter   Mgmt   For   For
Elect Director Timothy J. McKibben   Mgmt   For   For
Elect Director Alfred M. Micallef   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cash America International, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Executive Incentive Bonus Plan   Mgmt   For   For

Deckers Outdoor Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DECK    24-May-12    USA    243537107    Annual    04-Apr-12

 

CUSIP: 243537107    ISIN: US2435371073    SEDOL: 2267278

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angel R. Martinez   Mgmt   For   For
Elect Director Rex A. Licklider   Mgmt   For   For
Elect Director John M. Gibbons   Mgmt   For   For
Elect Director John G. Perenchio   Mgmt   For   For
Elect Director Maureen Conners   Mgmt   For   For
Elect Director Karyn O. Barsa   Mgmt   For   For
Elect Director Michael F. Devine, III   Mgmt   For   For
Elect Director James Quinn   Mgmt   For   For
Elect Director Lauri Shanahan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Deltek, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PROJ    24-May-12    USA    24784L105    Annual    02-Apr-12

 

CUSIP: 24784L105    ISIN: US24784L1052    SEDOL: B28PX89

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Edward R. Grubb   Mgmt   For   For

Deltek, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph M. Kampf   Mgmt   For   For
Elect Director Steven B. Klinsky   Mgmt   For   For
Elect Director Thomas M. Manley   Mgmt   For   For
Elect Director Albert A. Notini   Mgmt   For   For
Elect Director Kevin T. Parker   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Janet R. Perna   Mgmt   For   For
Elect Director Alok Singh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Deutsche Telekom AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DTE    24-May-12    Germany    D2035M136    Annual   

 

CUSIP: D2035M136    ISIN: DE0005557508    SEDOL: 5842359

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.70 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Former Supervisory Board Member Klaus Zumwinkel for Fiscal 2008   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Elect Hans Bernhard Beus to the Supervisory Board   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Dagmar Kollmann to the Supervisory Board   Mgmt   For   For

Deutsche Telekom AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Lawrence Guffey to the Supervisory Board   Mgmt   For   For
Approve Affiliation Agreements with Subsidiary Scout24 Holding GmbH   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1.1   Mgmt   For   For

Drew Industries Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DW    24-May-12    USA    26168L205    Annual    28-Mar-12

 

CUSIP: 26168L205    ISIN: US26168L2051    SEDOL: 2280695

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward W. Rose, III   Mgmt   For   For
Elect Director Leigh J. Abrams   Mgmt   For   For
Elect Director Fredric M. Zinn   Mgmt   For   For
Elect Director James F. Gero   Mgmt   For   For
Elect Director Frederick B. Hegi, Jr.   Mgmt   For   For
Elect Director David A. Reed   Mgmt   For   For
Elect Director John B. Lowe, Jr.   Mgmt   For   For
Elect Director Jason D. Lippert   Mgmt   For   For
Elect Director Brendan J. Deely   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Endeavour International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
END    24-May-12    USA    29259G200    Annual    30-Mar-12

 

CUSIP: 29259G200    ISIN: US29259G2003    SEDOL: 2955409

Endeavour International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Nancy K. Quinn   Mgmt   For   For
Elect Director John N. Seitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Hecla Mining Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HL    24-May-12    USA    422704106    Annual    23-Mar-12

 

CUSIP: 422704106    ISIN: US4227041062    SEDOL: 2418601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George R. Nethercutt Jr   Mgmt   For   For
Elect Director John H. Bowles   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Restricted Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

HFF, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HF    24-May-12    USA    40418F108    Annual    13-Apr-12

 

CUSIP: 40418F108    ISIN: US40418F1084    SEDOL: B1Q1RT1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan P. McGalla   Mgmt   For   For
Elect Director Lenore M. Sullivan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

HFF, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

McDonald’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCD    24-May-12    USA    580135101    Annual    27-Mar-12

 

CUSIP: 580135101    ISIN: US5801351017    SEDOL: 2550707

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Eckert   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Jeanne P. Jackson   Mgmt   For   For

Elect Director Andrew J. Mckenna   Mgmt   For   For
Elect Director Donald Thompson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Policy Responses to Children’s Health Concerns and Fast Food   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Mid-America Apartment Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MAA    24-May-12    USA    59522J103    Annual    16-Mar-12

 

CUSIP: 59522J103    ISIN: US59522J1034    SEDOL: 2589132

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Eric Bolton, Jr.   Mgmt   For   For
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John S. Grinalds   Mgmt   For   For
Elect Director Ralph Horn   Mgmt   For   For
Elect Director Philip W. Norwood   Mgmt   For   For
Elect Director W. Reid Sanders   Mgmt   For   For
Elect Director William B. Sansom   Mgmt   For   For
Elect Director Gary Shorb   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

National Retail Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NNN    24-May-12    USA    637417106    Annual    26-Mar-12

 

CUSIP: 637417106    ISIN: US6374171063    SEDOL: 2211811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Don DeFosset   Mgmt   For   For
Elect Director David M. Fick   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director Kevin B. Habicht   Mgmt   For   For
Elect Director Richard B. Jennings   Mgmt   For   For
Elect Director Ted B. Lanier   Mgmt   For   For
Elect Director Robert C. Legler   Mgmt   For   For
Elect Director Craig Macnab   Mgmt   For   For

National Retail Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert Martinez   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RRGB    24-May-12    USA    75689M101    Annual    26-Mar-12

 

CUSIP: 75689M101    ISIN: US75689M1018    SEDOL: 2966144

 

  Proponent   Mgmt Rec   Vote Instruction
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Elect Director Robert B. Aiken   Mgmt   For   For
Elect Director Richard J. Howell   Mgmt   For   For
Elect Director James T. Rothe   Mgmt   For   For

Elect Director J. Taylor Simonton   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GS    24-May-12    USA    38141G104    Annual    26-Mar-12

 

CUSIP: 38141G104    ISIN: US38141G1040    SEDOL: 2407966

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lloyd C. Blankfein   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Gary D. Cohn   Mgmt   For   For
Elect Director Claes Dahlback   Mgmt   For   For
Elect Director Stephen Friedman   Mgmt   For   For
Elect Director William W. George   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Lakshmi N. Mittal   Mgmt   For   For
Elect Director James J. Schiro   Mgmt   For   For
Elect Director Debora L. Spar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.  

Washington Real Estate Investment Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRE    24-May-12    USA    939653101    Annual    15-Mar-12

 

CUSIP: 939653101    ISIN: US9396531017    SEDOL: 2942304

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles T. Nason   Mgmt   For   For
Elect Director Thomas Edgie Russell, III   Mgmt   For   For
Elect Director Anthony L. Winns   Mgmt   For   For

Washington Real Estate Investment Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Xerox Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XRX    24-May-12    USA    984121103    Annual    26-Mar-12

 

CUSIP: 984121103    ISIN: US9841211033    SEDOL: 2985202

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Ursula M. Burns   Mgmt   For   For
Elect Director Richard J. Harrington   Mgmt   For   For
Elect Director William Curt Hunter   Mgmt   For   For
Elect Director Robert J. Keegan   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Elect Director Sara Martinez Tucker   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

HSBC Holdings plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HSBA    25-May-12    United Kingdom    G4634U169    Annual    24-May-12

 

CUSIP: G4634U169    ISIN: GB0005405286    SEDOL: 0540528

HSBC Holdings plc

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Safra Catz as Director   Mgmt   For   For
Re-elect Laura Cha as Director   Mgmt   For   For
Re-elect Marvin Cheung as Director   Mgmt   For   For
Re-elect John Coombe as Director   Mgmt   For   For
Elect Joachim Faber as Director   Mgmt   For   For
Re-elect Rona Fairhead as Director   Mgmt   For   For
Re-elect Douglas Flint as Director   Mgmt   For   For
Re-elect Alexander Flockhart as Director   Mgmt   For   For
Re-elect Stuart Gulliver as Director   Mgmt   For   For
Re-elect James Hughes-Hallett as Director   Mgmt   For   For
Re-elect William Laidlaw as Director   Mgmt   For   For
Elect John Lipsky as Director   Mgmt   For   For
Re-elect Janis Lomax as Director   Mgmt   For   For
Re-elect Iain Mackay as Director   Mgmt   For   For
Re-elect Nagavara Murthy as Director   Mgmt   For   For
Re-elect Sir Simon Robertson as Director   Mgmt   For   For
Re-elect John Thornton as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Scrip Dividend Program   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Hutchison Whampoa Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
00013    25-May-12    Hong Kong    Y38024108    Annual    21-May-12

 

CUSIP: Y38024108    ISIN: HK0013000119    SEDOL: 6448068

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reelect Li Ka-shing as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Chow Woo Mo Fong, Susan as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Lai Kai Ming, Dominic as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Michael David Kadoorie as Director   Mgmt   For   For
Reelect Margaret Leung Ko May Yee as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Appoint Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Issuance of Equity or Equity-Linked Securities   Mgmt   For   Against
without Preemptive Rights      
Policy Rationale: Many Hong Kong companies have abused share issuance authorities. In the absence of language restricting both discounts and the authority to refresh the share issuance amounts without prior shareholder approval, TDAM opposes this item.
Authorize Repurchase of Up to 10 Percent of Issued Share   Mgmt   For   For
Capital      
Authorize Reissuance of Repurchased Shares   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the company has not specified discount limits for the issuance of shares without preemptive rights.
Amend Articles of Association   Mgmt   For   For

Watsco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSO    25-May-12    USA    942622200    Annual    05-Apr-12

 

CUSIP: 942622200    ISIN: US9426222009    SEDOL: 2943039

Watsco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barry S. Logan   Mgmt   For   For
Elect Director Aaron J. Nahmad   Mgmt   For   For
Amend Articles of Incorporation Changing the Director Class from A, B and C to I, II and III   Mgmt   For   For
Voter Rationale: This is an administrative matter which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Silgan Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLGN    29-May-12    USA    827048109    Annual    13-Apr-12

 

CUSIP: 827048109    ISIN: US8270481091    SEDOL: 2809324

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anthony J. Allott   Mgmt   For   For
Elect Director Jeffrey C. Crowe   Mgmt   For   For
Elect Director Edward A. Lapekas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BioMed Realty Trust, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMR    30-May-12    USA    09063H107    Annual    13-Mar-12

 

CUSIP: 09063H107    ISIN: US09063H1077    SEDOL: B02GMQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan D. Gold   Mgmt   For   For
Elect Director Barbara R. Cambon   Mgmt   For   For
Elect Director Edward A. Dennis   Mgmt   For   For

BioMed Realty Trust, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard I. Gilchrist   Mgmt   For   For
Elect Director Gary A. Kreitzer   Mgmt   For   For
Elect Director Theodore D. Roth   Mgmt   For   For
Elect Director M. Faye Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVX    30-May-12    USA    166764100    Annual    04-Apr-12

 

CUSIP: 166764100    ISIN: US1667641005    SEDOL: 2838555

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Linnet F. Deily   Mgmt   For   For
Elect Director Robert E. Denham   Mgmt   For   For
Elect Director Chuck Hagel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director George L. Kirkland   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Elect Director Carl Ware   Mgmt   For   For
Elect Director John S. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Remove Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the removal of the exclusive venue provision will increase shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Guidelines for Country Selection   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as Chevron does not disclose policies governing its decision-making process to invest or operate in politically or socially unstable markets, and the company has business ties to countries with histories of political instability and human rights issues.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Accident Risk Reduction Efforts   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter -- Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evalute this item on a case-by-case basis.

Exxon Mobil Corporation

 

Ticker   Meeting Date   Country   Security ID   Meeting Type   Record Date
XOM   30-May-12   USA   30231G102   Annual   04-Apr-12

 

CUSIP: 30231G102    ISIN: US30231G1022    SEDOL: 2326618

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M.J. Boskin   Mgmt   For   For
Elect Director P. Brabeck-Letmathe   Mgmt   For   For
Elect Director L.R. Faulkner   Mgmt   For   For
Elect Director J.S. Fishman   Mgmt   For   For
Elect Director H.H. Fore   Mgmt   For   For
Elect Director K.C. Frazier   Mgmt   For   For
Elect Director W.W. George   Mgmt   For   For
Elect Director S.J. Palmisano   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.W. Tillerson   Mgmt   For   For
Elect Director E.E. Whitacre, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS’s reasoning, as incentives are not adequately linked to performance criteria and compensation policy disclosure lacks pertinent details for shareholders to make an informed decision. Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.  

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as ExxonMobil does not provide comprehensive goals for its operational GHG emissions or metrics and/or goals for its products. There is potential strategic and reputational value in performing the requested assessments and establishing appropriate GHG reduction goals given the increasing trend towards enhanced and publicly available corporate climate change strategies.

Incyte Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INCY    30-May-12    USA    45337C102    Annual    10-Apr-12

 

CUSIP: 45337C102    ISIN: US45337C1027    SEDOL: 2471950

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard U. De Schutter   Mgmt   For   For
Elect Director Barry M. Ariko   Mgmt   For   For
Elect Director Julian C. Baker   Mgmt   For   For
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Wendy L. Dixon   Mgmt   For   For
Elect Director Paul A. Friedman   Mgmt   For   For
Elect Director Roy A. Whitfield   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Mentor Graphics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MENT    30-May-12    USA    587200106    Annual    09-Apr-12

 

CUSIP: 587200106    ISIN: US5872001061    SEDOL: 2578033

Mentor Graphics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith L. Barnes   Mgmt   For   For
Elect Director Peter L. Bonfield   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Gregory K. Hinckley   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director J. Daniel McCranie   Mgmt   For   For
Elect Director Kevin C. McDonough   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Patrick B. McManus   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Walden C. Rhines   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director David S. Schechter   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Post Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPS    30-May-12    USA    737464107    Annual    28-Mar-12

 

CUSIP: 737464107    ISIN: US7374641071    SEDOL: 2705262

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Goddard, III   Mgmt   For   For
Elect Director David P. Stockert   Mgmt   For   For
Elect Director Herschel M. Bloom   Mgmt   For   For
Elect Director Walter M. Deriso, Jr.   Mgmt   For   For

Post Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Russell R. French   Mgmt   For   For
Elect Director Dale Anne Reiss   Mgmt   For   For
Elect Director Stella F. Thayer   Mgmt   For   For

Elect Director Ronald de Waal   Mgmt   For   For
Elect Director Donald C. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Riverbed Technology, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RVBD    30-May-12    USA    768573107    Annual    02-Apr-12

 

CUSIP: 768573107    ISIN: US7685731074    SEDOL: B1FH886

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael Boustridge   Mgmt   For   For
Elect Director Jerry M. Kennelly   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Saks Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKS    30-May-12    USA    79377W108    Annual    03-Apr-12

 

CUSIP: 79377W108    ISIN: US79377W1080    SEDOL: 2704786

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert B. Carter   Mgmt   For   For
Elect Director Michael S. Gross   Mgmt   For   For
Elect Director Donald E. Hess   Mgmt   For   For

Saks Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marguerite W. Kondracke   Mgmt   For   For
Elect Director Jerry W. Levin   Mgmt   For   For
Elect Director Nora P. McAniff   Mgmt   For   For
Elect Director Stephen I. Sadove   Mgmt   For   For

Elect Director Jack L. Stahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

Comcast Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CMCSA    31-May-12    USA    20030N101    Annual    22-Mar-12

 

CUSIP: 20030N101    ISIN: US20030N1019    SEDOL: 2044545

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth J. Bacon   Mgmt   For   For
Elect Director Sheldon M. Bonovitz   Mgmt   For   For
Elect Director Joseph J. Collins   Mgmt   For   For
Elect Director J. Michael Cook   Mgmt   For   For
Elect Director Gerald L. Hassell   Mgmt   For   For
Elect Director Jeffrey A. Honickman   Mgmt   For   For
Elect Director Eduardo G. Mestre   Mgmt   For   For
Elect Director Brian L. Roberts   Mgmt   For   For
Elect Director Ralph J. Roberts   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Comcast Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Restore or Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against

Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Stock Retention/Holding Period   SH   Against   Against

Voter Rationale: TDAM is of the view that the Company’s current share ownership and executive compensation policies effectively align executive performance with long-term shareholder value.

Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote   SH   Against   For
Policy Rationale: TDAM supports this proposal because shareholders should have the right to opine on and/or remove the company’s poison pill and approve any future pill.

Deutsche Bank AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DBK    31-May-12    Germany    D18190898    Annual   

 

CUSIP: D18190898    ISIN: DE0005140008    SEDOL: 5750355

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.75 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Deutsche Bank AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Peter Loescher to the Supervisory Board   Mgmt   For   For
Elect Klaus Ruediger Truetzschler to the Supervisory Board   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants   Mgmt   For   For
Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 9 Billion; Approve Creation of EUR 230.4 Million Pool of Capital to Guarantee Conversion Rights
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis

Healthways, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HWAY    31-May-12    USA    422245100    Annual    04-Apr-12

 

CUSIP: 422245100    ISIN: US4222451001    SEDOL: 2026059

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin G. Wills   Mgmt   For   For
Elect Director Jay C. Bisgard   Mgmt   For   For
Elect Director Mary Jane England   Mgmt   For   For
Elect Director John A. Wickens   Mgmt   For   For
Elect Director William D. Novelli   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Molycorp Inc (DE)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCP    31-May-12    USA    608753109    Annual    03-Apr-12

 

CUSIP: 608753109    ISIN: US6087531090    SEDOL: B458HM7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brian T. Dolan   Mgmt   For   For
Elect Director John Graell   Mgmt   For   For
Elect Director Mark A. Smith   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ulta Salon, Cosmetics & Fragrance, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULTA    31-May-12    USA    90384S303    Annual    02-Apr-12

 

CUSIP: 90384S303    ISIN: US90384S3031    SEDOL: B28TS42

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert F. DiRomualdo   Mgmt   For   For
Elect Director Catherine A. Halligan   Mgmt   For   For
Elect Director Lorna E. Nagler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

United Online, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNTD    31-May-12    USA    911268100    Annual    04-Apr-12

 

CUSIP: 911268100    ISIN: US9112681005    SEDOL: 2801126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James T. Armstrong   Mgmt   For   For

United Online, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis Holt   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. No pay-for-performance disconnected noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Titan Machinery Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TITN    01-Jun-12    USA    88830R101    Annual    06-Apr-12

 

CUSIP: 88830R101    ISIN: US88830R1014    SEDOL: B29H3T5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Christianson   Mgmt   For   For
Elect Director James Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Vulcan Materials Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VMC    01-Jun-12    USA    929160109    Proxy Contest    20-Apr-12

 

CUSIP: 929160109    ISIN: US9291601097    SEDOL: 2931205

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proxy (White Card)   Mgmt    

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Phillip W. Farmer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the declassification of the board received the support of 65 percent of votes cast at the previous AGM. To date, the board has not implemented the majority supported resolution. Consequently, TDAM would normally oppose the elections of Farmer, Korologos, Prokopanko, and Rice, as they serve on the Governance committee of the board. However, given the classified board structure, only two of these directors are proposed for election at this year’s annual meeting.
Elect Director H. Allen Franklin   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director Donald B. Rice   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Declassify the Board of Directors   SH   Against   For

Policy Rationale: The annual election of directors is generally supported.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.
Dissident Proxy (Blue Card)   Mgmt    
Elect Director Philip R. Lochner, Jr   SH   For   Do Not Vote
Policy Rationale: Dissident Proxy Items 1.1-6: The Delaware Chancery Court ruled on May 4th ruled that Martin Marietta could not proceed with its exchange offer or its proxy contest. Votes cast on the Dissident’s Blue proxy card may not be counted.
Elect Director Edward W. Moneypenny   SH   For   Do Not Vote
Elect Director Karen R. Osar   SH   For   Do Not Vote
Elect Director V. James Sardo   SH   For   Do Not Vote
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   None   Do Not Vote
Ratify Auditors   Mgmt   None   Do Not Vote
Require a Majority Vote for the Election of Directors   SH   None   Do Not Vote
Declassify the Board of Directors   SH   None   Do Not Vote

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Reduce Supermajority Vote Requirement   SH   None   Do Not Vote

Wal-Mart Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WMT    01-Jun-12    USA    931142103    Annual    04-Apr-12

 

CUSIP: 931142103    ISIN: US9311421039    SEDOL: 2936921

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aida M. Alvarez   Mgmt   For   For
Elect Director James W. Breyer   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Roger C. Corbett   Mgmt   For   For
Elect Director Douglas N. Daft   Mgmt   For   For
Elect Director Michael T. Duke   Mgmt   For   For

Elect Director Marissa A. Mayer   Mgmt   For   For
Elect Director Gregory B. Penner   Mgmt   For   For
Elect Director Steven S. Reinemund   Mgmt   For   For
Elect Director H. Lee Scott, Jr.   Mgmt   For   For
Elect Director Arne M. Sorenson   Mgmt   For   For
Elect Director Jim C. Walton   Mgmt   For   For
Elect Director S. Robson Walton   Mgmt   For   For
Elect Director Christopher J. Williams   Mgmt   For   For
Elect Director Linda S. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Wal-Mart Stores, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Request Director Nominee with Patient Safety and Healthcare Quality Experience   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Performance-Based Equity Awards   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation policies effectively align executive performance with shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Catalyst Health Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHSI    04-Jun-12    USA    14888B103    Annual    09-Apr-12

 

CUSIP: 14888B103    ISIN: US14888B1035    SEDOL: 2507781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven B. Epstein   Mgmt   For   For
Elect Director Michael R. McDonnell   Mgmt   For   For
Elect Director Dale B. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crocs, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CROX    04-Jun-12    USA    227046109    Annual    09-Apr-12

 

CUSIP: 227046109    ISIN: US2270461096    SEDOL: B0T7Z62

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Frasch   Mgmt   For   For
Elect Director W. Stephen Cannon   Mgmt   For   For

Crocs, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

UnitedHealth Group Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNH    04-Jun-12    USA    91324P102    Annual    05-Apr-12

 

CUSIP: 91324P102    ISIN: US91324P1021    SEDOL: 2917766

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Ballard, Jr.   Mgmt   For   For
Elect Director Richard T. Burke   Mgmt   For   For
Elect Director Robert J. Darretta   Mgmt   For   For
Elect Director Stephen J. Hemsley   Mgmt   For   For
Elect Director Michele J. Hooper   Mgmt   For   For
Elect Director Rodger A. Lawson   Mgmt   For   For
Elect Director Douglas W. Leatherdale   Mgmt   For   For

Elect Director Glenn M. Renwick   Mgmt   For   For
Elect Director Kenneth I. Shine   Mgmt   For   For
Elect Director Gail R. Wilensky   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AboveNet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABVT    05-Jun-12    USA    00374N107    Special    30-Apr-12

 

CUSIP: 00374N107    ISIN: US00374N1072    SEDOL: 2810393

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.
Advisory Vote on Golden Parachutes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it offends TDAM’s proxy policy regarding excessive Golden Parachutes.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.

Epiq Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPIQ    05-Jun-12    USA    26882D109    Annual    02-Apr-12

 

CUSIP: 26882D109    ISIN: US26882D1090    SEDOL: 2371339

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tom W. Olofson   Mgmt   For   For
Elect Director Christopher E. Olofson   Mgmt   For   For
Elect Director W. Bryan Satterlee   Mgmt   For   For
Elect Director Edward M. Connolly, Jr.   Mgmt   For   For
Elect Director James A. Byrnes   Mgmt   For   For
Elect Director Joel Pelofsky   Mgmt   For   For
Elect Director Charles C. Connely, IV   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Epiq Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. The granting of options is related to specified performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

France Telecom

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTE    05-Jun-12    France    F4113C103    Annual/Special    30-May-12

 

CUSIP: F4113C103    ISIN: FR0000133308    SEDOL: 5176177

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Management Proposals   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.40 per Share   Mgmt   For   For
Employee Shareholders Proposals   Mgmt    
Amendment to Item 3 Above: Approve Dividends of EUR 1 (instead of EUR 1.40) per Share   SH   Against   Against
Voter Rationale: A vote agains this shareholder proposal is warranted, as it adversely impacts shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Management Proposals   Mgmt    
Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of Transactions   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For

Reelect Jose Luis Duran as Director   Mgmt   For   For
Reelect Charles Henri Filippi as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Ratify Change of Registered Office to 78, Rue Olivier de Serres, 75015 Paris   Mgmt   For   For

France Telecom

 

  Proponent   Mgmt Rec   Vote Instruction
Extraordinary Business   Mgmt    
Amend Article 9 of Bylaws Re: Shareholding Disclosure Requirements   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as this amendment would require shorter notices, which would unnecessarily increase the burden of the notification process for shareholders.
Remove Paragraphs 3 and 4 of Article 16 Re: Board Powers   Mgmt   For   For
Amend Article 21 of Bylaws Re: Proxy Voting, Electronic Vote, Convening of General Meeting, Shareholders Proposals   Mgmt   For   For
Authorize Capital Increase of up to EUR 25 Million to Holders of Orange SA Stock Options or Shares in Connection with France Telecom Liquidity Agreement   Mgmt   For   For
Authorize up to EUR 250,000 for Issuance of Free Option- Based Liquidity Instruments Reserved for Holders of Orange SA Stock Options Benefiting from a Liquidity Agreement   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

IPG Photonics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IPGP    05-Jun-12    USA    44980X109    Annual    09-Apr-12

 

CUSIP: 44980X109    ISIN: US44980X1090    SEDOL: 2698782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Valentin P. Gapontsev   Mgmt   For   For
Elect Director Eugene Scherbakov   Mgmt   For   For
Elect Director Igor Samartsev   Mgmt   For   For

Elect Director Robert A. Blair   Mgmt   For   For
Elect Director Michael C. Child   Mgmt   For   For
Elect Director Michael R. Kampfe   Mgmt   For   For
Elect Director Henry E. Gauthier   Mgmt   For   For

IPG Photonics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Hurley   Mgmt   For   For
Elect Director William F. Krupke   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

MasterCard Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MA    05-Jun-12    USA    57636Q104    Annual    10-Apr-12

 

CUSIP: 57636Q104    ISIN: US57636Q1040    SEDOL: B121557

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ajay Banga   Mgmt   For   For
Elect Director David R. Carlucci   Mgmt   For   For
Elect Director Steven J. Freiberg   Mgmt   For   For
Elect Director Richard Haythornthwaite   Mgmt   For   For
Elect Director Marc Olivie   Mgmt   For   For
Elect Director Rima Qureshi   Mgmt   For   For
Elect Director Mark Schwartz   Mgmt   For   For
Elect Director Jackson P. Tai   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Ratify Auditors   Mgmt   For   For

Cabela’s Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAB    06-Jun-12    USA    126804301    Annual    09-Apr-12

 

CUSIP: 126804301    ISIN: US1268043015    SEDOL: B00N2Z7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Theodore M. Armstrong   Mgmt   For   For
Elect Director Richard N. Cabela   Mgmt   For   For
Elect Director James W. Cabela   Mgmt   For   For
Elect Director John H. Edmondson   Mgmt   For   For
Elect Director John Gottschalk   Mgmt   For   For
Elect Director Dennis Highby   Mgmt   For   For
Elect Director Reuben Mark   Mgmt   For   For
Elect Director Michael R. McCarthy   Mgmt   For   For
Elect Director Thomas L. Millner   Mgmt   For   For
Elect Director Beth M. Pritchard   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Sauer-Danfoss Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SHS    06-Jun-12    USA    804137107    Annual    17-Apr-12

 

CUSIP: 804137107    ISIN: US8041371076    SEDOL: 2245070

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Niels B. Christiansen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Jorgen M. Clausen   Mgmt   For   For
Elect Director Kim Fausing   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard J. Freeland   Mgmt   For   For

Sauer-Danfoss Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Per Have   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director William E. Hoover, Jr.   Mgmt   For   For
Elect Director Johannes F. Kirchhoff   Mgmt   For   For
Elect Director Sven Ruder   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Anders Stahlschmidt   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven H. Wood   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Activision Blizzard, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATVI    07-Jun-12    USA    00507V109    Annual    09-Apr-12

 

CUSIP: 00507V109    ISIN: US00507V1098    SEDOL: 2575818

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe G. H. Capron   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Corti   Mgmt   For   For
Elect Director Frederic R. Crepin   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Lucian Grainge   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Brian G. Kelly   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert A. Kotick   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  

Activision Blizzard, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jean-Bernard Levy   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Morgado   Mgmt   For   For
Elect Director Stephane Roussel   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard Sarnoff   Mgmt   For   For
Elect Director Regis Turrini   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: TDAM is of the view that the Company has appropriately provided shareholders with comprehensive disclosure, and is satisfied with the process the Board and the Compensation Committee has in place for determining executive compensation.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

AMERIGROUP Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGP    07-Jun-12    USA    03073T102    Annual    09-Apr-12

 

CUSIP: 03073T102    ISIN: US03073T1025    SEDOL: 2593683

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas E. Capps   Mgmt   For   For
Elect Director Emerson U. Fullwood   Mgmt   For   For
Elect Director William J. Mcbride   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Columbia Sportswear Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COLM    07-Jun-12    USA    198516106    Annual    03-Apr-12

 

CUSIP: 198516106    ISIN: US1985161066    SEDOL: 2229126

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gertrude Boyle   Mgmt   For   For
Elect Director Timothy P. Boyle   Mgmt   For   For
Elect Director Sarah A. Bany   Mgmt   For   For
Elect Director Murrey R. Albers   Mgmt   For   For
Elect Director Stephen E. Babson   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Edward S. George   Mgmt   For   For
Elect Director Walter T. Klenz   Mgmt   For   For
Elect Director Ronald E. Nelson   Mgmt   For   For
Elect Director John W. Stanton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Compagnie de Saint Gobain

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGO    07-Jun-12    France    F80343100    Annual/Special    01-Jun-12

 

CUSIP: F80343100    ISIN: FR0000125007    SEDOL: 7380482

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Compagnie de Saint Gobain

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 1.24 per Share   Mgmt   For   For
Approve Transaction with Wendel Re: Principles and Objectives of their Long-Term Partnership   Mgmt   For   For
Approve Transaction with BNP Paribas and Verallia Re: Listing of Verallia Shares   Mgmt   For   For

Elect Jean-Dominique Senard as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Isabelle Bouillot as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bernard Gautier as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Sylvia Jay as Director   Mgmt   For   For
Reelect Frederic Lemoine as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Renew Appointment of KPMG Audit as Auditor   Mgmt   For   For
Renew Appointment of Fabrice Odent as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Authorize up to 0.8 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed.
Authorize Board to Issue Free Warrants with Preemptive Rights During a Public Tender Offer or Share Exchange Offer   Mgmt   For   Against
Policy Rationale: TDAM opposes this form of antitakeover mechanism.
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Cubist Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBST    07-Jun-12    USA    229678107    Annual    09-Apr-12

 

CUSIP: 229678107    ISIN: US2296781071    SEDOL: 2240934

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth Bate   Mgmt   For   For
Elect Director Nancy Hutson   Mgmt   For   For
Elect Director Leon Moulder, Jr.   Mgmt   For   For
Elect Director Martin Soeters   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ingersoll-Rand plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IR    07-Jun-12    Ireland    G47791101    Annual    09-Apr-12

 

CUSIP: G47791101    ISIN: IE00B6330302    SEDOL: B633030

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann C. Berzin   Mgmt   For   For
Elect Director John Bruton   Mgmt   For   For
Elect Director Jared L. Cohon   Mgmt   For   For
Elect Director Gary D. Forsee   Mgmt   For   For
Elect Director Peter C. Godsoe   Mgmt   For   For
Elect Director Edward E. Hagenlocker   Mgmt   For   For
Elect Director Constance J. Horner   Mgmt   For   For
Elect Director Michael W. Lamach   Mgmt   For   For
Elect Director Theodore E. Martin   Mgmt   For   For
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ingersoll-Rand plc

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

InterDigital, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IDCC    07-Jun-12    USA    45867G101    Annual    10-Apr-12

 

CUSIP: 45867G101    ISIN: US45867G1013    SEDOL: 2465737

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Steven T. Clontz   Mgmt   For   For
Elect Director Edward B. Kamins   Mgmt   For   For
Elect Director John A. Kritzmacher   Mgmt   For   For
Elect Director William J. Merritt   Mgmt   For   For
Elect Director Jean F. Rankin   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LVS    07-Jun-12    USA    517834107    Annual    13-Apr-12

 

CUSIP: 517834107    ISIN: US5178341070    SEDOL: B02T2J7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jason N. Ader   Mgmt   For   For
Elect Director Michael A. Leven   Mgmt   For   For
Elect Director Jeffrey H. Schwartz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: CEO pay equity mix does not contain performance-based criteria or standards, causing a pay-for-performance misalignment. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Omega Healthcare Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OHI    07-Jun-12    USA    681936100    Annual    09-Apr-12

 

CUSIP: 681936100    ISIN: US6819361006    SEDOL: 2043274

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas F. Franke   Mgmt   For   For
Elect Director Bernard J. Korman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Voting in line with ISS, as significant pay-for-performance disconnect is noted. Specifically, the CEO’s 401.5% compensation increase over 2010 is not in line with company performance over the same period, nor is it consistent with peer-group standards.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Universal Health Realty Income Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UHT    07-Jun-12    USA    91359E105    Annual    09-Apr-12

 

CUSIP: 91359E105    ISIN: US91359E1055    SEDOL: 2927497

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Marc D. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Live Nation Entertainment, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LYV    08-Jun-12    USA    538034109    Annual    18-Apr-12

 

CUSIP: 538034109    ISIN: US5380341090    SEDOL: B0T7YX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Dolan   Mgmt   For   For
Elect Director Ariel Emanuel   Mgmt   For   For
Elect Director Gregory B. Maffei   Mgmt   For   For
Elect Director Randall T. Mays   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    08-Jun-12    USA    911363109    Annual    02-May-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jenne K. Britell   Mgmt   For   For
Elect Director Jose B. Alvarez   Mgmt   For   For
Elect Director Bobby J. Griffin   Mgmt   For   For
Elect Director Michael J. Kneeland   Mgmt   For   For
Elect Director Pierre E. Leroy   Mgmt   For   For
Elect Director Singleton B. McAllister   Mgmt   For   For
Elect Director Brian D. McAuley   Mgmt   For   For
Elect Director John S. McKinney   Mgmt   For   For
Elect Director James H. Ozanne   Mgmt   For   For
Elect Director Jason D. Papastavrou   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Filippo Passerini   Mgmt   For   For
Elect Director Donald C. Roof   Mgmt   For   For
Elect Director Keith Wimbush   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Repeal Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the company’s current exclusive venue provisions limit shareholders’ rights in this regard.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

WORLD FUEL SERVICES CORPORATION

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INT    08-Jun-12    USA    981475106    Annual    02-Apr-12

 

CUSIP: 981475106    ISIN: US9814751064    SEDOL: 2469450

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Kasbar   Mgmt   For   For
Elect Director Paul H. Stebbins   Mgmt   For   For
Elect Director Ken Bakshi   Mgmt   For   For
Elect Director Richard A. Kassar   Mgmt   For   For
Elect Director Myles Klein   Mgmt   For   For
Elect Director Abby F. Kohnstamm   Mgmt   For   For
Elect Director John L. Manley   Mgmt   For   For
Elect Director J. Thomas Presby   Mgmt   For   For
Elect Director Stephen K. Roddenberry   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Caterpillar Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAT    13-Jun-12    USA    149123101    Annual    16-Apr-12

 

CUSIP: 149123101    ISIN: US1491231015    SEDOL: 2180201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David L. Calhoun   Mgmt   For   For
Elect Director Daniel M. Dickinson   Mgmt   For   For
Elect Director Eugene V. Fife   Mgmt   For   For
Elect Director Juan Gallardo   Mgmt   For   For
Elect Director David R. Goode   Mgmt   For   For
Elect Director Jesse J. Greene, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Peter A. Magowan   Mgmt   For   For
Elect Director Dennis A. Muilenburg   Mgmt   For   For
Elect Director Douglas R. Oberhelman   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Charles D. Powell   Mgmt   For   For
Elect Director Edward B. Rust, Jr.   Mgmt   For   For

Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s and management’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Amend Advance Notice Provisions for Shareholder Proposals/Nominations   Mgmt   For   For
Voter Rationale: A vote in line with ISS and management is warranted, as this proposal does not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because Caterpillar does not have significant disclosure on its human rights policies or publicly subscribe to commonly accepted international standards, the adherence to which could assist shareholders in evaluating the company’s existing policies and procedures for addressing human rights concerns in its operations.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Target Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TGT    13-Jun-12    USA    87612E106    Annual    16-Apr-12

 

CUSIP: 87612E106    ISIN: US87612E1064    SEDOL: 2259101

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Mary N. Dillon   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Mary E. Minnick   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Derica W. Rice   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director Gregg W. Steinhafel   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Solomon D. Trujillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Target Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Electronics Recycling and Preventing E-Waste Export   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal provides no additional shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Men’s Wearhouse, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MW    13-Jun-12    USA    587118100    Annual    16-Apr-12

 

CUSIP: 587118100    ISIN: US5871181005    SEDOL: 2576327

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George Zimmer   Mgmt   For   For
Elect Director David H. Edwab   Mgmt   For   For
Elect Director Douglas S. Ewert   Mgmt   For   For
Elect Director Rinaldo S. Brutoco   Mgmt   For   For
Elect Director Michael L. Ray   Mgmt   For   For

Elect Director Sheldon I. Stein   Mgmt   For   For
Elect Director Deepak Chopra   Mgmt   For   For
Elect Director William B. Sechrest   Mgmt   For   For
Elect Director Larry R. Katzen   Mgmt   For   For
Elect Director Grace Nichols   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DSW Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DSW    14-Jun-12    USA    23334L102    Annual    17-Apr-12

 

CUSIP: 23334L102    ISIN: US23334L1026    SEDOL: B0BV2V6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jay L. Schottenstein   Mgmt   For   For
Elect Director Michael R. MacDonald   Mgmt   For   For
Elect Director Philip B. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Fortinet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTNT    14-Jun-12    USA    34959E109    Annual    20-Apr-12

 

CUSIP: 34959E109    ISIN: US34959E1091    SEDOL: B5B2106

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Chenming Hu   Mgmt   For   For
Elect Director Hong Liang Lu   Mgmt   For   For
Elect Director Ken Xie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FCX    14-Jun-12    USA    35671D857    Annual    18-Apr-12

 

CUSIP: 35671D857    ISIN: US35671D8570    SEDOL: 2352118

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director Robert J. Allison, Jr.   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Day   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Charles C. Krulak   Mgmt   For   For
Elect Director Bobby Lee Lackey   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director Dustan E. McCoy   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director Stephen H. Siegele   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: A vote against this non-binding advisory vote is warranted as despite positive changes made by the Company to the compensation approach following last year’s failing say-on-pay result, a significant pay-for-performance disconnect is still noted.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

McMoRan Exploration Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MMR    14-Jun-12    USA    582411104    Annual    18-Apr-12

 

CUSIP: 582411104    ISIN: US5824111042    SEDOL: 2311045

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director A. Peyton Bush, III   Mgmt   For   For
Elect Director William P. Carmichael   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For

McMoRan Exploration Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Flores   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Suzanne T. Mestayer   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director John F.Wombwell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Although TDAM notes significant areas where the Company’s executive compensation approach needs improvement, a pay-for-performance disconnect is not evident at this time. Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MPWR    14-Jun-12    USA    609839105    Annual    17-Apr-12

 

CUSIP: 609839105    ISIN: US6098391054    SEDOL: B01Z7J1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Moyer   Mgmt   For   For
Elect Director Karen A. Smith Bogart   Mgmt   For   For
Elect Director Jeff Zhou   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Salix Pharmaceuticals, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLXP    14-Jun-12    USA    795435106    Annual    20-Apr-12

 

CUSIP: 795435106    ISIN: US7954351067    SEDOL: 2693981

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John F. Chappell   Mgmt   For   For
Elect Director Thomas W. D’Alonzo   Mgmt   For   For
Elect Director William P. Keane   Mgmt   For   For
Elect Director Carolyn J. Logan   Mgmt   For   For
Elect Director Mark A. Sirgo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.

Toyota Motor Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7203    15-Jun-12    Japan    J92676113    Annual    31-Mar-12

 

CUSIP: J92676113    ISIN: JP3633400001    SEDOL: 6900643

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 30   Mgmt   For   For
Elect Director Cho, Fujio   Mgmt   For   For
Elect Director Toyoda, Akio   Mgmt   For   For
Elect Director Uchiyamada, Takeshi   Mgmt   For   For
Elect Director Funo, Yukitoshi   Mgmt   For   For
Elect Director Niimi, Atsushi   Mgmt   For   For
Elect Director Sasaki, Shinichi   Mgmt   For   For
Elect Director Ozawa, Satoshi   Mgmt   For   For
Elect Director Kodaira, Nobuyori   Mgmt   For   For

Toyota Motor Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Furuhashi, Mamoru   Mgmt   For   For
Elect Director Ijichi, Takahiko   Mgmt   For   For
Elect Director Ihara, Yasumori   Mgmt   For   For
Elect Director Maekawa, Masamoto   Mgmt   For   For
Elect Director Kato, Mitsuhisa   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Golar LNG Ltd

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOL    18-Jun-12    Bermuda    G9456A100    Special    04-May-12

 

CUSIP: G9456A100    ISIN: BMG9456A1009    SEDOL: 7139695

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Delisting of Shares from the Oslo Stock Exchange   Mgmt   For   For

NTT DOCOMO, INC.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9437    19-Jun-12    Japan    J59399105    Annual    31-Mar-12

 

CUSIP: J59399105    ISIN: JP3165650007    SEDOL: 6129277

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 2800   Mgmt   For   For
Elect Director Kato, Kaoru   Mgmt   For   For
Elect Director Tsubochi, Kazuto   Mgmt   For   For
Elect Director Iwasaki, Fumio   Mgmt   For   For
Elect Director Shindo, Tsutomu   Mgmt   For   For
Elect Director Tanaka, Takashi   Mgmt   For   For
Elect Director Yoshizawa, Kazuhiro   Mgmt   For   For

NTT DOCOMO, INC.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Onoe, Seizo   Mgmt   For   For
Elect Director Kagawa, Wataru   Mgmt   For   For
Elect Director Nagata, Kiyohito   Mgmt   For   For
Elect Director Sato, Hirotaka   Mgmt   For   For
Elect Director Takagi, Kazuhiro   Mgmt   For   For
Elect Director Yamada, Ryuuji   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board composition will not meet policy requirements applicable to controlled companies.
Elect Director Kusumoto, Hiroo   Mgmt   For   For
Appoint Statutory Auditor Utano, Takanori   Mgmt   For   For

Komatsu Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6301    20-Jun-12    Japan    J35759125    Annual    31-Mar-12

 

CUSIP: J35759125    ISIN: JP3304200003    SEDOL: 6496584

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 21   Mgmt   For   For
Elect Director Sakane, Masahiro   Mgmt   For   For
Elect Director Noji, Kunio   Mgmt   For   For
Elect Director Komamura, Yoshinori   Mgmt   For   For
Elect Director Hironaka, Mamoru   Mgmt   For   For
Elect Director Ohashi, Tetsuji   Mgmt   For   For
Elect Director Fujitsuka, Mikio   Mgmt   For   For
Elect Director Takamura, Fujitoshi   Mgmt   For   For
Elect Director Hotta, Kensuke   Mgmt   For   For
Elect Director Kano, Noriaki   Mgmt   For   For
Elect Director Ikeda, Koichi   Mgmt   For   For
Appoint Statutory Auditor Morimoto, Makoto   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Komatsu Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Adjustment to Aggregate Compensation Ceiling for Statutory Auditors   Mgmt   For   For
Approve Deep Discount Stock Option Plan   Mgmt   For   For

Equity Residential

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQR    21-Jun-12    USA    29476L107    Annual    30-Mar-12

 

CUSIP: 29476L107    ISIN: US29476L1070    SEDOL: 2319157

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Alexander   Mgmt   For   For
Elect Director Charles L. Atwood   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Mary Kay Haben   Mgmt   For   For
Elect Director Bradley A. Keywell   Mgmt   For   For
Elect Director John E. Neal   Mgmt   For   For
Elect Director David J. Neithercut   Mgmt   For   For
Elect Director Mark S. Shapiro   Mgmt   For   For
Elect Director Gerald A. Spector   Mgmt   For   For
Elect Director B. Joseph White   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted given the benefit from more comprehensive disclosure of company sustainability-related metrics and goals.

Google Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOOG    21-Jun-12    USA    38259P508    Annual    23-Apr-12

 

CUSIP: 38259P508    ISIN: US38259P5089    SEDOL: B020QX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry Page   Mgmt   For   For
Elect Director Sergey Brin   Mgmt   For   For
Elect Director Eric E. Schmidt   Mgmt   For   For
Elect Director L. John Doerr   Mgmt   For   For
Elect Director Diane B. Greene   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Ann Mather   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director K. Ram Shriram   Mgmt   For   For
Elect Director Shirley M. Tilghman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Authorize a New Class of Common Stock   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the establishment of a new class of capital stock complicates the company’s capital structure, may have an anti-takeover effect, and the board lacks a compelling rationale for its approval.
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: In line with its position on Item 3, TDAM opposes this proposal to establish Class C capital stock.
Amend Charter to Provide For Class A Common Holders to Receive Equal Consideration as Class B Common Holders in event of any Merger, Consolidation or Business Combination   Mgmt   For   For
Voter Rationale: A vote for this proposal is warranted, as it will increase shareholder value in the event of a merger, consolidation or business combination. In line with ISS.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.

Google Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Amend Articles Regarding Arbitration of Shareholder Lawsuits   SH   Against   Against

Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.  
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: A vote for this proposal is warranted, as TDAM supports the “one share one vote” philosophy.  
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Honda Motor Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7267    21-Jun-12    Japan    J22302111    Annual    31-Mar-12

 

CUSIP: J22302111    ISIN: JP3854600008    SEDOL: 6435145

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 15   Mgmt   For   For
Amend Articles To Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Ito, Takanobu   Mgmt   For   For
Elect Director Iwamura, Tetsuo   Mgmt   For   For
Elect Director Oyama, Tatsuhiro   Mgmt   For   For
Elect Director Ike, Fumihiko   Mgmt   For   For
Elect Director Kawanabe, Tomohiko   Mgmt   For   For
Elect Director Yamamoto, Takashi   Mgmt   For   For
Elect Director Yamamoto, Yoshiharu   Mgmt   For   For
Elect Director Hogen, Kensaku   Mgmt   For   For
Elect Director Kuroyanagi, Nobuo   Mgmt   For   For
Elect Director Fukui, Takeo   Mgmt   For   For
Elect Director Yoshida, Masahiro   Mgmt   For   For
Elect Director Shiga, Yuuji   Mgmt   For   For

Honda Motor Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Appoint Statutory Auditor Yamashita, Masaya   Mgmt   For   For
Appoint Statutory Auditor Hiwatari, Toshiaki   Mgmt   For   For

Mitsui & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8031    21-Jun-12    Japan    J44690139    Annual    31-Mar-12

 

CUSIP: J44690139    ISIN: JP3893600001    SEDOL: 6597302

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 28   Mgmt   For   For
Elect Director Utsuda, Shoei   Mgmt   For   For
Elect Director Iijima, Masami   Mgmt   For   For
Elect Director Tanaka, Seiichi   Mgmt   For   For
Elect Director Kawashima, Fuminobu   Mgmt   For   For
Elect Director Saiga, Daisuke   Mgmt   For   For
Elect Director Okada, Joji   Mgmt   For   For
Elect Director Kinoshita, Masayuki   Mgmt   For   For
Elect Director Anbe, Shintaro   Mgmt   For   For
Elect Director Tanaka, Koichi   Mgmt   For   For
Elect Director Matsubara, Nobuko   Mgmt   For   For
Elect Director Nonaka, Ikujiro   Mgmt   For   For
Elect Director Hirabayashi, Hiroshi   Mgmt   For   For
Elect Director Muto, Toshiro   Mgmt   For   For
Appoint Statutory Auditor Matsuo, Kunihiro   Mgmt   For   For

Hitachi Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6501    22-Jun-12    Japan    J20454112    Annual    31-Mar-12

 

CUSIP: J20454112    ISIN: JP3788600009    SEDOL: 6429104

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kawamura, Takashi   Mgmt   For   For
Elect Director Ota, Yoshie   Mgmt   For   For
Elect Director Ohashi, Mitsuo   Mgmt   For   For
Elect Director Katsumata, Nobuo   Mgmt   For   For
Elect Director George Buckley   Mgmt   For   For
Elect Director Mochizuki, Harufumi   Mgmt   For   For
Elect Director Motobayashi, Toru   Mgmt   For   Against

Policy Rationale: TDAM opposes this director nominee because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Philip Yeo   Mgmt   For   For
Elect Director Kikawa, Michijiro   Mgmt   For   For
Elect Director Stephen Gomersall   Mgmt   For   For
Elect Director Nakanishi, Hiroaki   Mgmt   For   For
Elect Director Hatchoji, Takashi   Mgmt   For   For
Elect Director Miyoshi, Takashi   Mgmt   For   For
Amend Articles to Formalize Representative Executive Officer and Vice President Responsibility for Group Management   SH   Against   Against

Iberdrola S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBE    22-Jun-12    Spain    E6165F166    Annual    17-Jun-12

 

CUSIP: E6165F166    ISIN: ES0144580Y14    SEDOL: B288C92

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Approve Consolidated and Standalone Financial Statements For FY 2011   Mgmt   For   For
Approve Management Reports   Mgmt   For   For

Iberdrola S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Discharge of Directors   Mgmt   For   For
Renew Appointment of Ernst & Young as Auditor   Mgmt   For   For
Approve Allocation of Income and Distribution of Dividends of EUR 0.03 Per Share   Mgmt   For   For
Approve EUR 2.02 Billion Capital Increase Charged Against Reserves   Mgmt   For   For
Ratify Co-option of and Elect Jose Luis San Pedro Guerenabarrena as Director   Mgmt   For   For
Ratify Co-option of and Elect Angel Jesus Acebes Paniagua as Director   Mgmt   For   For
Reelect Xabier de Irala Estevez as Director   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.  
Reelect Inigo Victor de Oriol Ibarra as Director   Mgmt   For   For
Reelect Ines Macho Stadler as Director   Mgmt   For   For

Reelect Braulio Medel Camara as Director   Mgmt   For   For
Reelect Samantha Barber as Director   Mgmt   For   For
Elect Francisco Pons Alcoy as Director   Mgmt   For   For
Authorize Issuance of Bonds/Debentures and/or Other Debt Securities   Mgmt   For   For
Voter Rationale: No response from portfolio manager by vote deadline. Voting in line with ISS, which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal, TDAM will evaluate this item on a case-by-case basis.
Authorize Listing on and Delisting from Secondary Exchanges of Shares and Other Securities   Mgmt   For   For
Approve Charitable Donations   Mgmt   For   For
Amend Articles 19.1, 19.4, 20.1, 20.2, 20.4, and 23.3 of Bylaws   Mgmt   For   For
Amend Articles 24.1, 24.2, and 25.2 of Bylaws   Mgmt   For   For
Amend Articles of General Meeting Regulations   Mgmt   For   For
Approve Company’s Corporate Web Site   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

SoftBank Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9984    22-Jun-12    Japan    J75963108    Annual    31-Mar-12

 

CUSIP: J75963108    ISIN: JP3436100006    SEDOL: 6770620

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 40   Mgmt   For   For

Mitsubishi Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8058    26-Jun-12    Japan    J43830116    Annual    31-Mar-12

 

CUSIP: J43830116    ISIN: JP3898400001    SEDOL: 6596785

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 33   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Kobayashi, Ken   Mgmt   For   For

Elect Director Ueda, Ryoichi   Mgmt   For   For
Elect Director Yano, Masahide   Mgmt   For   For
Elect Director Nabeshima, Hideyuki   Mgmt   For   For
Elect Director Nakahara, Hideto   Mgmt   For   For
Elect Director Nagai, Yasuo   Mgmt   For   For
Elect Director Nomakuchi, Tamotsu   Mgmt   For   For
Elect Director Ito, Kunio   Mgmt   For   For
Elect Director Tsukuda, Kazuo   Mgmt   For   For
Elect Director Kato, Ryozo   Mgmt   For   For
Elect Director Konno, Hidehiro   Mgmt   For   For
Appoint Statutory Auditor Tsujiyama, Eiko   Mgmt   For   For
Appoint Statutory Auditor Ishino, Hideyo   Mgmt   For   For
Appoint Statutory Auditor Kunihiro, Tadashi   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Mizuho Financial Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8411    26-Jun-12    Japan    J4599L102    Annual    31-Mar-12

 

CUSIP: J4599L102    ISIN: JP3885780001    SEDOL: 6591014

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 3   Mgmt   For   For
Elect Director Tsukamoto, Takashi   Mgmt   For   For
Elect Director Takahashi, Hideyuki   Mgmt   For   For
Elect Director Abe, Daisaku   Mgmt   For   For
Appoint Statutory Auditor Ishizaka, Masami   Mgmt   For   For
Amend Articles to Limit Total Board Compensation to JPY 30 Million Until Net Capital per Share Reaches that of Competitors MUFG or SMFG   SH   Against   Against
Amend Articles to Require Caution in Accepting Corporate Evaluation Assignments   SH   Against   Against
Amend Articles to Require Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately   SH   Against   For
Voter Rationale: As per ISS reasoning, third party advisor and/or voting guidelines serves the interests of shareholders and enhances shareholder value. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Articles to Require Public Disclosure of Director Training Policy, Content and Performance   SH   Against   For
Voter Rationale: In line with ISS, increased disclosure on director candidates will increase shareholder value.  

Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Articles to Require Disclosure of Individual Director and Statutory Auditor Compensation   SH   Against   For
Voter Rationale: In line with ISS, shareholders should be provided with the right information to make informed decisions with respect to a company’s compensation levels and objectives.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Articles to Require Firm to Seek Unified Nationwide Handling of Inquiries When Public Entities Request Assessments of Citizen Eligibility for Public Assistance   SH   Against   Against
Amend Articles to Relax Limit, Allow Shareholder Proposal Justification Statements Up to 4,000 Characters   SH   Against   For
Voter Rationale: In line with ISS, allowing for longer statements in support of shareholder proposals increases shareholder rights. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      

Mizuho Financial Group Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Prohibit Biased Treatment of Non-Votes on Shareholder vs. Company Proposals   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Articles to Prevent CEO from Presiding Over Board Meetings   SH   Against   For
Voter Rationale: In line with ISS, TDAM is of the view that separating the CEO and board chairman is preferred.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Amend Articles to Create a Whistle-Blowing Complaints Desk Independent of Executive Director Influence   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices and increases shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      

Takeda Pharmaceutical Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
4502    26-Jun-12    Japan    J8129E108    Annual    31-Mar-12

 

CUSIP: J8129E108    ISIN: JP3463000004    SEDOL: 6870445

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 90   Mgmt   For   For
Elect Director Hasegawa, Yasuchika   Mgmt   For   For

Elect Director Yoshida, Toyoji   Mgmt   For   For
Elect Director Yamanaka, Yasuhiko   Mgmt   For   For
Elect Director Frank Morich   Mgmt   For   For
Elect Director Yamada, Tadataka   Mgmt   For   For
Elect Director Sudo, Fumio   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Iwasaki, Masato   Mgmt   For   For
Elect Director Deborah Dunsire   Mgmt   For   For
Appoint Statutory Auditor Takeda, Naohisa   Mgmt   For   For
Appoint Statutory Auditor Fujinuma, Tsuguoki   Mgmt   For   For

Takeda Pharmaceutical Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Sony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6758    27-Jun-12    Japan    J76379106    Annual    31-Mar-12

 

CUSIP: J76379106    ISIN: JP3435000009    SEDOL: 6821506

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Hirai, Kazuo   Mgmt   For   For
Elect Director Chuubachi, Ryoji   Mgmt   For   For
Elect Director Kato, Masaru   Mgmt   For   For
Elect Director Howard Stringer   Mgmt   For   For
Elect Director Peter Bonfield   Mgmt   For   For
Elect Director Yasuda, Ryuuji   Mgmt   For   For
Elect Director Uchinaga, Yukako   Mgmt   For   For
Elect Director Yahagi, Mitsuaki   Mgmt   For   For
Elect Director Tsun-Yan Hsieh   Mgmt   For   For
Elect Director Roland A. Hernandez   Mgmt   For   For
Elect Director Anraku, Kanemitsu   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Nagayama, Osamu   Mgmt   For   For
Elect Director Nimura, Takaaki   Mgmt   For   For
Approve Stock Option Plan   Mgmt   For   For

VeriFone Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAY    27-Jun-12    USA    92342Y109    Annual    04-May-12

 

CUSIP: 92342Y109    ISIN: US92342Y1091    SEDOL: B07RH68

VeriFone Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Alspaugh   Mgmt   For   For
Elect Director Douglas G. Bergeron   Mgmt   For   For
Elect Director Dr. Leslie G. Denend   Mgmt   For   For
Elect Director Alex W. Hart   Mgmt   For   For
Elect Director Robert B. Henske   Mgmt   For   For
Elect Director Richard A. McGinn   Mgmt   For   For
Elect Director Eitan Raff   Mgmt   For   For
Elect Director Jeffrey E. Stiefler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Fanuc Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6954    28-Jun-12    Japan    J13440102    Annual    31-Mar-12

 

CUSIP: J13440102    ISIN: JP3802400006    SEDOL: 6356934

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, With a Final Dividend of JPY 99.01   Mgmt   For   For
Elect Director Inaba, Yoshiharu   Mgmt   For   For
Elect Director Yamaguchi, Kenji   Mgmt   For   For

Elect Director Gonda, Yoshihiro   Mgmt   For   For
Elect Director Richard E. Schneider   Mgmt   For   For
Elect Director Uchida, Hiroyuki   Mgmt   For   For
Elect Director Matsubara, Shunsuke   Mgmt   For   For
Elect Director Kosaka, Tetsuya   Mgmt   For   For
Elect Director Kohari, Katsuo   Mgmt   For   For
Elect Director Okada, Toshiya   Mgmt   For   For
Elect Director Hiramoto, Kazuyuki   Mgmt   For   For
Elect Director Olaf C. Gehrels   Mgmt   For   For

Fanuc Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aoyama, Kazunari   Mgmt   For   For
Elect Director Ito, Takayuki   Mgmt   For   For
Elect Director Yamada, Yuusaku   Mgmt   For   For
Elect Director Hishikawa, Tetsuo   Mgmt   For   For
Elect Director Noda, Hiroshi   Mgmt   For   For
Appoint Statutory Auditor Harada, Hajime   Mgmt   For   For

Mitsubishi Electric Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6503    28-Jun-12    Japan    J43873116    Annual    31-Mar-12

 

CUSIP: J43873116    ISIN: JP3902400005    SEDOL: 6597045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Shimomura, Setsuhiro   Mgmt   For   For
Elect Director Yamanishi, Kenichiro   Mgmt   For   For
Elect Director Saito, Masanori   Mgmt   For   For
Elect Director Yoshimatsu, Hiroki   Mgmt   For   For
Elect Director Hashimoto, Noritomo   Mgmt   For   For
Elect Director Fujimoto, Ryosuke   Mgmt   For   For
Elect Director Okuma, Nobuyuki   Mgmt   For   For
Elect Director Murayama, Hiroyoshi   Mgmt   For   For

Elect Director Sasaki, Mikio   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Miki, Shigemitsu   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Makino, Fujiatsu   Mgmt   For   For
Elect Director Yabunaka, Mitoji   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8306    28-Jun-12    Japan    J44497105    Annual    31-Mar-12

 

CUSIP: J44497105    ISIN: JP3902900004    SEDOL: 6335171

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 6 for Ordinary Shares   Mgmt   For   For
Elect Director Okihara, Takamune   Mgmt   For   For
Elect Director Okauchi, Kinya   Mgmt   For   For
Elect Director Nagayasu, Katsunori   Mgmt   For   For
Elect Director Tanaka, Masaaki   Mgmt   For   For
Elect Director Yuuki, Taihei   Mgmt   For   For
Elect Director Hamakawa, Ichiro   Mgmt   For   For
Elect Director Kagawa, Akihiko   Mgmt   For   For
Elect Director Toyoizumi, Toshiro   Mgmt   For   For
Elect Director Hirano, Nobuyuki   Mgmt   For   For
Elect Director Teraoka, Shunsuke   Mgmt   For   For
Elect Director Wakabayashi, Tatsuo   Mgmt   For   For
Elect Director Araki, Saburo   Mgmt   For   For
Elect Director Noguchi, Hiroyuki   Mgmt   For   For
Elect Director Tokunari, Muneaki   Mgmt   For   For
Elect Director Araki, Ryuuji   Mgmt   For   For
Elect Director Watanabe, Kazuhiro   Mgmt   For   For
Elect Director Otoshi, Takuma   Mgmt   For   For

Nintendo Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7974    28-Jun-12    Japan    J51699106    Annual    31-Mar-12

 

CUSIP: J51699106    ISIN: JP3756600007    SEDOL: 6639550

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 100   Mgmt   For   For

Nintendo Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Iwata, Satoru   Mgmt   For   For
Elect Director Mori, Yoshihiro   Mgmt   For   For
Elect Director Hatano, Shinji   Mgmt   For   For
Elect Director Takeda, Genyo   Mgmt   For   For
Elect Director Miyamoto, Shigeru   Mgmt   For   For
Elect Director Matsumoto, Masaharu   Mgmt   For   For
Elect Director Suzuki, Eiichi   Mgmt   For   For
Elect Director Kimishima, Tatsumi   Mgmt   For   For
Elect Director Takemura, Kaoru   Mgmt   For   For
Appoint Statutory Auditor Ueda, Minoru   Mgmt   For   For
Appoint Statutory Auditor Toyoda, Ken   Mgmt   For   For
Appoint Statutory Auditor Mitamura, Yoshimi   Mgmt   For   For
Appoint Statutory Auditor Umeyama, Katsuhiro   Mgmt   For   For

Sumitomo Mitsui Financial Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8316    28-Jun-12    Japan    J7771X109    Annual    31-Mar-12

 

CUSIP: J7771X109    ISIN: JP3890350006    SEDOL: 6563024

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 50   Mgmt   For   For
Elect Director Miyata, Koichi   Mgmt   For   For
Elect Director Kurumatani, Nobuaki   Mgmt   For   For
Elect Director Yokoyama, Yoshinori   Mgmt   For   For
Appoint Statutory Auditor Yamaguchi, Yoji   Mgmt   For   For
Appoint Statutory Auditor Tsuruta, Rokuro   Mgmt   For   For

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    29-Jun-12    United Kingdom    G87621101    Annual    27-Jun-12

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Sir Richard Broadbent as Director   Mgmt   For   For
Elect Deanna Oppenheimer as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Gareth Bullock as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Stuart Chambers as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vote Summary Report

Report was run from: 7/1/11 to 6/30/12

Institution Account(s): TDAX Independence 2040 - Equity

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    01-Jul-11    United Kingdom    G87621101    Annual    29-Jun-11

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Gareth Bullock as Director   Mgmt   For   For
Elect Stuart Chambers as Director   Mgmt   For   For
Re-elect David Reid as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Richard Brasher as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect David Potts as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Approve Performance Share Plan 2011   Mgmt   For   For
Approve Savings-Related Share Option Scheme   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

HMS Holdings Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMSY    06-Jul-11    USA    40425J101    Annual    17-May-11

 

CUSIP: 40425J101    ISIN: US40425J1016    SEDOL: 2418043

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Miller III   Mgmt   For   For
Elect Director Ellen A. Rudnick   Mgmt   For   For
Elect Director Michael A. Stocker   Mgmt   For   For
Elect Director Richard H. Stowe   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Voter Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

SRA International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRX    15-Jul-11    USA    78464R105    Special    13-Jun-11

 

CUSIP: 78464R105    ISIN: US78464R1059    SEDOL: 2865241

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For

Ultratech, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UTEK    19-Jul-11    USA    904034105    Annual    20-May-11

 

CUSIP: 904034105    ISIN: US9040341052    SEDOL: 2907217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur W. Zafiropoulo   Mgmt   For   For
Elect Director Joel F. Gemunder   Mgmt   For   For
Elect Director Nicholas Konidaris   Mgmt   For   For
Elect Director Dennis Raney   Mgmt   For   For
Elect Director Henri Richard   Mgmt   For   For
Elect Director Rick Timmins   Mgmt   For   For
Elect Director Ben Tsai   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Vodafone Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOD    26-Jul-11    United Kingdom    G93882135    Annual    22-Jul-11

 

CUSIP: G93882135    ISIN: GB00B16GWD56    SEDOL: B16GWD5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Gerard Kleisterlee as Director   Mgmt   For   For

Vodafone Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Vittorio Colao as Director   Mgmt   For   For
Re-elect Michel Combes as Director   Mgmt   For   For
Re-elect Andy Halford as Director   Mgmt   For   For
Re-elect Stephen Pusey as Director   Mgmt   For   For
Elect Renee James as Director   Mgmt   For   For
Re-elect Alan Jebson as Director   Mgmt   For   For
Re-elect Samuel Jonah as Director   Mgmt   For   For
Re-elect Nick Land as Director   Mgmt   For   For
Re-elect Anne Lauvergeon as Director   Mgmt   For   For
Re-elect Luc Vandevelde as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Re-elect Philip Yea as Director   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

STERIS Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STE    28-Jul-11    USA    859152100    Annual    31-May-11

 

CUSIP: 859152100    ISIN: US8591521005    SEDOL: 2845113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Breeden   Mgmt   For   For

STERIS Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Cynthia L. Feldmann   Mgmt   For   For
Elect Director Jacqueline B. Kosecoff   Mgmt   For   For
Elect Director David B. Lewis   Mgmt   For   For
Elect Director Kevin M. McMullen   Mgmt   For   For
Elect Director Walter M Rosebrough, Jr.   Mgmt   For   For
Elect Director Mohsen M. Sohi   Mgmt   For   For
Elect Director John P. Wareham   Mgmt   For   For
Elect Director Loyal W. Wilson   Mgmt   For   For
Elect Director Michael B. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Apollo Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AINV    02-Aug-11    USA    03761U106    Annual    08-Jun-11

 

CUSIP: 03761U106    ISIN: US03761U1060    SEDOL: B00NWP7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Puleo   Mgmt   For   For
Elect Director Carl Spielvogel   Mgmt   For   For
Elect Director Jeanette Loeb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

EnerSys

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENS    04-Aug-11    USA    29275Y102    Annual    08-Jun-11

 

CUSIP: 29275Y102    ISIN: US29275Y1029    SEDOL: B020GQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Seifi Ghasemi   Mgmt   For   For
Elect Director John F. Lehman   Mgmt   For   For
Elect Director Dennis S. Marlo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require a Majority Vote for the Election of Directors   SH   Against   For
Voter Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Quality Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QSII    11-Aug-11    USA    747582104    Annual    13-Jun-11

 

CUSIP: 747582104    ISIN: US7475821044    SEDOL: 2715391

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Craig A. Barbarosh   Mgmt   For   For
Elect Director Murray F. Brennan   Mgmt   For   For
Elect Director George H. Bristol   Mgmt   For   For
Elect Director Patrick B. Cline   Mgmt   For   For
Elect Director Ahmed D. Hussein   Mgmt   For   For
Elect Director D. Russell Pflueger   Mgmt   For   For
Elect Director Steven T. Plochocki   Mgmt   For   For
Elect Director Sheldon Razin   Mgmt   For   For

Quality Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Maureen A. Spivack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Voter Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

La-Z-Boy Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LZB    24-Aug-11    USA    505336107    Annual    27-Jun-11

 

CUSIP: 505336107    ISIN: US5053361078    SEDOL: 2508405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kurt L. Darrow   Mgmt   For   For
Elect Director H. George Levy   Mgmt   For   For
Elect Director W. Alan McCollough   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Medifast, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MED    02-Sep-11    USA    58470H101    Annual    11-Jul-11

 

CUSIP: 58470H101    ISIN: US58470H1014    SEDOL: 2934033

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harvey C. Barnum   Mgmt   For   For
Elect Director Michael C. MacDonald   Mgmt   For   For
Elect Director Jerry D. Reece   Mgmt   For   For

Elect Director Michael S. McDevitt   Mgmt   For   For
Elect Director Margaret E. Sheetz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Casey’s General Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CASY    16-Sep-11    USA    147528103    Annual    25-Jul-11

 

CUSIP: 147528103    ISIN: US1475281036    SEDOL: 2179414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Myers   Mgmt   For   For
Elect Director Diane C. Bridgewater   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Exide Technologies

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XIDE    16-Sep-11    USA    302051206    Annual    20-Jul-11

 

CUSIP: 302051206    ISIN: US3020512063    SEDOL: B00VTY9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert F. Aspbury   Mgmt   For   For
Elect Director James R. Bolch   Mgmt   For   For
Elect Director Michael R. D’Appolonia   Mgmt   For   For
Elect Director David S. Ferguson   Mgmt   For   For
Elect Director John O’Higgins   Mgmt   For   For

Elect Director Dominic J. Pileggi   Mgmt   For   For
Elect Director John P. Reilly   Mgmt   For   For
Elect Director Michael P. Ressner   Mgmt   For   For
Elect Director Carroll R. Wetzel, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    16-Sep-11    Netherlands    N8981F271    Special    19-Aug-11

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Special Meeting   Mgmt    
Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares   Mgmt   For   For

NIKE, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NKE    19-Sep-11    USA    654106103    Annual    25-Jul-11

 

CUSIP: 654106103    ISIN: US6541061031    SEDOL: 2640147

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John C. Lechleiter   Mgmt   For   For
Elect Director Phyllis M. Wise   Mgmt   For   For
Voter Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.    
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.  
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TEVA    19-Sep-11    Israel    M8769Q102    Annual    10-Aug-11

 

CUSIP: M8769Q102    ISIN: IL0006290147    SEDOL: 6882172

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Elect Chaim Hurvitz as Director   Mgmt   For   For
Elect Ory Slonim as Director   Mgmt   For   For
Elect Dan Suesskind as Director   Mgmt   For   For
Elect Joseph Nitzani as External Director and Approve His Remuneration   Mgmt   For   For
Elect Dafna Schwartz as External Director and Approve Her Remuneration   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Director/Officer Liability and Indemnification Insurance   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Remuneration of Vice Chairman   Mgmt   For   For
Approve Reimbursement of Expenses of Board Chairman   Mgmt   For   For

FedEx Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FDX    26-Sep-11    USA    31428X106    Annual    01-Aug-11

 

CUSIP: 31428X106    ISIN: US31428X1063    SEDOL: 2142784

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 51.5 percent of votes cast at the previous AGM. To date, the board has not taken action on the proposal. Accordingly, TDAM will opose the elections of Shirley Ann Jackson, James L. Barksdale, and Steven R. Loranger, who serve on the Nominating and Governance committee of the board.
Elect Director John A. Edwardson   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Steven R. Loranger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Gary W. Loveman   Mgmt   For   For
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Joshua Cooper Ramo   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Frederick W. Smith   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director David P. Steiner   Mgmt   For   For
Elect Director Paul S. Walsh   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  
Ratify Auditors   Mgmt   For   For

FedEx Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors.
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

The Procter & Gamble Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PG    11-Oct-11    USA    742718109    Annual    12-Aug-11

 

CUSIP: 742718109    ISIN: US7427181091    SEDOL: 2704407

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angela F. Braly   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Scott D. Cook   Mgmt   For   For
Elect Director Susan Desmond-Hellmann   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Elect Director Patricia A. Woertz   Mgmt   For   For
Elect Director Ernesto Zedillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Procter & Gamble Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.    
Amend Articles of Incorporation   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.    
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Use of Laboratory Animals in Pet Food Product Testing   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions and Provide Advisory Vote   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Oracle Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ORCL    12-Oct-11    USA    68389X105    Annual    15-Aug-11

 

CUSIP: 68389X105    ISIN: US68389X1054    SEDOL: 2661568

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey S. Berg   Mgmt   For   For
Elect Director H. Raymond Bingham   Mgmt   For   For
Elect Director Michael J. Boskin   Mgmt   For   For
Elect Director Safra A. Catz   Mgmt   For   For
Elect Director Bruce R. Chizen   Mgmt   For   For
Elect Director George H. Conrades   Mgmt   For   For
Elect Director Lawrence J. Ellison   Mgmt   For   For
Elect Director Hector Garcia-Molina   Mgmt   For   For
Elect Director Jeffrey O. Henley   Mgmt   For   For
Elect Director Mark V. Hurd   Mgmt   For   For

Oracle Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Lucas   Mgmt   For   For
Director Naomi O. Seligman   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   None   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    19-Oct-11    USA    019344100    Annual    29-Sep-11

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Common Stock   Mgmt   For   For
Approve Deferred Phantom Unit Plan   Mgmt   For   For
Approve Deferred Share Unit Plan   Mgmt   For   For

Diageo plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DGE    19-Oct-11    United Kingdom    G42089113    Annual    17-Oct-11

 

CUSIP: G42089113    ISIN: GB0002374006    SEDOL: 0237400

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Peggy Bruzelius as Director   Mgmt   For   For
Re-elect Laurence Danon as Director   Mgmt   For   For

Re-elect Lord Davies of Abersoch as Director   Mgmt   For   For
Re-elect Betsy Holden as Director   Mgmt   For   For
Re-elect Dr Franz Humer as Director   Mgmt   For   For
Re-elect Deirdre Mahlan as Director   Mgmt   For   For
Re-elect Philip Scott as Director   Mgmt   For   For
Re-elect Todd Stitzer as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors of the Company   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BHP Billiton plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BLT    20-Oct-11    United Kingdom    G10877101    Annual    18-Oct-11

 

CUSIP: G10877101    ISIN: GB0000566504    SEDOL: 0056650

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Lindsay Maxsted as Director   Mgmt   For   For
Elect Shriti Vadera as Director   Mgmt   For   For
Re-elect Malcolm Broomhead as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Carlos Cordeiro as Director   Mgmt   For   For
Re-elect David Crawford as Director   Mgmt   For   For
Re-elect Carolyn Hewson as Director   Mgmt   For   For
Re-elect Marius Kloppers as Director   Mgmt   For   For
Re-elect Wayne Murdy as Director   Mgmt   For   For
Re-elect Keith Rumble as Director   Mgmt   For   For
Re-elect John Schubert as Director   Mgmt   For   For
Re-elect Jacques Nasser as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For

Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    20-Oct-11    USA    559181102    Annual    26-Aug-11

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

Magma Design Automation, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roy E. Jewell   Mgmt   For   For
Elect Director Thomas M. Rohrs   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Newcrest Mining Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCM    27-Oct-11    Australia    Q6651B114    Annual    25-Oct-11

 

CUSIP: Q6651B114    ISIN: AU000000NCM7    SEDOL: 6637101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Winifred Kamit as a Director   Mgmt   For   For
Elect Don Mercer as a Director   Mgmt   For   For

Elect Richard Knight as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Renew Proportional Takeover Bid Approval Rule   Mgmt   For   For

Cardinal Health, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAH    02-Nov-11    USA    14149Y108    Annual    06-Sep-11

 

CUSIP: 14149Y108    ISIN: US14149Y1082    SEDOL: 2175672

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen F. Arnold   Mgmt   For   For
Elect Director George S. Barrett   Mgmt   For   For

Cardinal Health, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Carrie S. Cox   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Bruce L. Downey   Mgmt   For   For
Elect Director John F. Finn   Mgmt   For   For
Elect Director Gregory B. Kenny   Mgmt   For   For
Elect Director David P. King   Mgmt   For   For
Elect Director Richard C. Notebaert   Mgmt   For   For
Elect Director David W. Raisbeck   Mgmt   For   For
Elect Director Jean G. Spaulding   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Voter Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.

Commonwealth Bank Of Australia

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBA    08-Nov-11    Australia    Q26915100    Annual    06-Nov-11

 

CUSIP: Q26915100    ISIN: AU000000CBA7    SEDOL: 6215035

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Colin Galbraith as Director   Mgmt   For   For
Elect Jane Hemstritch as Director   Mgmt   For   For

Commonwealth Bank Of Australia

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Andrew Mohl as Director   Mgmt   For   For
Elect Lorna Inman as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Share Grants to Ian Mark Narev, CEO and Managing Director, Under the Group Leadership Reward Plan   Mgmt   For   For

Wesfarmers Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WES    09-Nov-11    Australia    Q95870103    Annual    07-Nov-11

 

CUSIP: Q95870103    ISIN: AU000000WES1    SEDOL: 6948836

 

  Proponent   Mgmt Rec   Vote Instruction
Elect T J Bowen as a Director   Mgmt   For   For
Elect R L Every as a Director   Mgmt   For   For
Elect C Macek as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Approve the Grant of Share Awards to the Group Managing Director   Mgmt   For   For
Approve the Grant of Share Awards to the Finance Director   Mgmt   For   For

bebe stores, inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEBE    10-Nov-11    USA    075571109    Annual    26-Sep-11

 

CUSIP: 075571109    ISIN: US0755711092    SEDOL: 2257677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Manny Mashouf   Mgmt   For   For
Elect Director Barbara Bass   Mgmt   For   For
Elect Director Cynthia Cohen   Mgmt   For   For
Elect Director Corrado Federico   Mgmt   For   For

bebe stores, inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Caden Wang   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Microsoft Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSFT    15-Nov-11    USA    594918104    Annual    02-Sep-11

 

CUSIP: 594918104    ISIN: US5949181045    SEDOL: 2588173

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Ballmer   Mgmt   For   For
Elect Director Dina Dublon   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director Raymond V. Gilmartin   Mgmt   For   For
Elect Director Reed Hastings   Mgmt   For   For
Elect Director Maria M. Klawe   Mgmt   For   For

Elect Director David F. Marquardt   Mgmt   For   For
Elect Director Charles H. Noski   Mgmt   For   For
Elect Director Helmut Panke   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against

BHP Billiton Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BHP    17-Nov-11    Australia    Q1498M100    Annual    15-Nov-11

 

CUSIP: Q1498M100    ISIN: AU000000BHP4    SEDOL: 6144690

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports for BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Lindsay Maxsted as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Shriti Vadera as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For

Elect Malcolm Broomhead as a Director of BHP Billiton Limited and

BHP Billiton Plc

   Mgmt   For   For
Elect John Buchanan as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carlos Cordeiro as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect David Crawford as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carolyn Hewson as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Marius Kloppers as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Wayne Murdy as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Keith Rumble as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Schubert as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Jacques Nasser as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For

Appoint KPMG Audit Plc as Auditors of BHP Billiton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc for Cash   Mgmt   For   For
Approve the Repurchase of Up to 213.62 Million Shares in BHP Billiton Plc   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For
Approve the Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

CACI International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACI    17-Nov-11    USA    127190304    Annual    19-Sep-11

 

CUSIP: 127190304    ISIN: US1271903049    SEDOL: 2159267

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul M. Cofoni   Mgmt   For   For
Elect Director James S. Gilmore, III   Mgmt   For   For
Elect Director Gregory G. Johnson   Mgmt   For   For
Elect Director Richard L. Leatherwood   Mgmt   For   For
Elect Director J. Phillip London   Mgmt   For   For
Elect Director James L. Pavitt   Mgmt   For   For
Elect Director Warren R. Phillips   Mgmt   For   For
Elect Director Charles P. Revoile   Mgmt   For   For
Elect Director William S. Wallace   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation?s business.
Adjourn Meeting   Mgmt   For   Against

Voter Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support.
Policy Rationale: Given TDAM approval of the omnibus plan in Item 4 is not warranted, the proposal to adjourn the meeting in order to solicit additional votes also does not merit support.
Ratify Auditors   Mgmt   For   For

Jack Henry & Associates, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JKHY    17-Nov-11    USA    426281101    Annual    20-Sep-11

 

CUSIP: 426281101    ISIN: US4262811015    SEDOL: 2469193

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Hall   Mgmt   For   For
Elect Director Michael E. Henry   Mgmt   For   For
Elect Director Matthew C. Flanigan   Mgmt   For   For
Elect Director Craig R. Curry   Mgmt   For   For
Elect Director Wesley A. Brown   Mgmt   For   For
Elect Director Marla K. Shepard   Mgmt   For   For
Elect Director John F. Prim   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Lancaster Colony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LANC    21-Nov-11    USA    513847103    Annual    23-Sep-11

 

CUSIP: 513847103    ISIN: US5138471033    SEDOL: 2503206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Fox   Mgmt   For   For
Elect Director John B. Gerlach, Jr.   Mgmt   For   For
Elect Director Edward H. Jennings   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Lancaster Colony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Silicon Graphics International Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGI    02-Dec-11    USA    82706L108    Annual    07-Oct-11

 

CUSIP: 82706L108    ISIN: US82706L1089    SEDOL: B081PV0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark J. Barrenechea   Mgmt   For   For
Elect Director Michael W. Hagee   Mgmt   For   For
Elect Director Charles M. Boesenberg   Mgmt   For   For
Elect Director Gary A. Griffiths   Mgmt   For   For
Elect Director Hagi Schwartz   Mgmt   For   For
Elect Director Ronald D. Verdoorn   Mgmt   For   For
Elect Director Douglas R. King   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Ascena Retail Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ASNA    07-Dec-11    USA    04351G101    Annual    10-Oct-11

 

CUSIP: 04351G101    ISIN: US04351G1013    SEDOL: B65D9Z3

Ascena Retail Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David R. Jaffe   Mgmt   For   For
Elect Director Klaus Eppler   Mgmt   For   For
Elect Director Kate Buggeln   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSCO    07-Dec-11    USA    17275R102    Annual    10-Oct-11

 

CUSIP: 17275R102    ISIN: US17275R1023    SEDOL: 2198163

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol A. Bartz   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Michael D. Capellas   Mgmt   For   For
Elect Director Larry R. Carter   Mgmt   For   For
Elect Director John T. Chambers   Mgmt   For   For
Elect Director Brian L. Halla   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Richard M. Kovacevich   Mgmt   For   For
Elect Director Roderick C. McGeary   Mgmt   For   For
Elect Director Arun Sarin   Mgmt   For   For
Elect Director Steven M. West   Mgmt   For   For
Elect Director Jerry Yang   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cisco Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis as the proposal is to establish an Environmental Sustainability committee.
Report on Internet Fragmentation   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Westpac Banking Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WBC    14-Dec-11    Australia    Q97417101    Annual    12-Dec-11

 

CUSIP: Q97417101    ISIN: AU000000WBC1    SEDOL: 6076146

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Lindsay Philip Maxsted as a Director   Mgmt   For   For
Elect John Simon Curtis as a Director   Mgmt   For   For
Elect Ann Pickard as a Director   Mgmt   For   For

Aruba Networks, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARUN    15-Dec-11    USA    043176106    Annual    20-Oct-11

 

CUSIP: 043176106    ISIN: US0431761065    SEDOL: B1VRPM3

Aruba Networks, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dominic P. Orr   Mgmt   For   For
Elect Director Keerti Melkote   Mgmt   For   For
Elect Director Bernard Guidon   Mgmt   For   For
Elect Director Emmanuel Hernandez   Mgmt   For   For
Elect Director Michael R. Kourey   Mgmt   For   For
Elect Director Douglas Leone   Mgmt   For   For
Elect Director Willem P. Roelandts   Mgmt   For   For
Elect Director Juergen Rottler   Mgmt   For   For
Elect Director Daniel Warmenhoven   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

National Australia Bank Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NAB    15-Dec-11    Australia    Q65336119    Annual    13-Dec-11

 

CUSIP: Q65336119    ISIN: AU000000NAB4    SEDOL: 6624608

 

  Proponent   Mgmt Rec   Vote Instruction
Elect John Thorn as a Director   Mgmt   For   For
Elect Geoff Tomlinson as a Director   Mgmt   For   For
Elect Ken Henry as a Director   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Cameron Clyne, CEO of the company   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Mark Joiner, Executive Director of Finance   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Australia and New Zealand Banking Group Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANZ    16-Dec-11    Australia    Q09504137    Annual    14-Dec-11

 

CUSIP: Q09504137    ISIN: AU000000ANZ3    SEDOL: 6065586

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Remuneration Report   Mgmt   For   For
Approve the Grant of Performance Rights to Michael Smith, Chief Executive Officer of the Company   Mgmt   For   For
Approve the Terms and Conditions of the Selective Buy-Back Schemes Relating to the Buy-Back of the June 2007 Sterling Preference Shares   Mgmt   For   For
Ratify Past Issue of 13.4 Million Convertible Preference Shares   Mgmt   For   For
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Shareholder Proposal   Mgmt    
Elect R.J. Reeves as a Director   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Management Proposals   Mgmt    
Elect P.A.F. Hay as a Director   Mgmt   For   For
Elect A.M. Watkins as a Director   Mgmt   For   For

Robbins & Myers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RBN    05-Jan-12    USA    770196103    Annual    16-Nov-11

 

CUSIP: 770196103    ISIN: US7701961036    SEDOL: 2743206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard J. Giromini   Mgmt   For   For
Elect Director Stephen F. Kirk   Mgmt   For   For
Elect Director Peter C. Wallace   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Acuity Brands, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AYI    06-Jan-12    USA    00508Y102    Annual    09-Nov-11

 

CUSIP: 00508Y102    ISIN: US00508Y1029    SEDOL: 2818461

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter C. Browning   Mgmt   For   For
Elect Director Ray M. Robinson   Mgmt   For   For
Elect Director Norman H. Wesley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Approve Deferred Compensation Plan   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    06-Jan-12    United Kingdom    G03764134    Special    04-Jan-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Acquisition of the Entire Equity and Shareholder Loan Interests of the CHL Group in DB Investments SA and De Beers SA   Mgmt   For   For
Policy Rationale: TDAM evaluates merger & acquisition proposals on a case-by-case basis.

The Greenbrier Companies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBX    06-Jan-12    USA    393657101    Annual    17-Nov-11

 

CUSIP: 393657101    ISIN: US3936571013    SEDOL: 2387530

The Greenbrier Companies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Furman   Mgmt   For   For
Elect Director C. Bruce Ward   Mgmt   For   For

Elect Director Charles J. Swindells   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Actuant Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATU    10-Jan-12    USA    00508X203    Annual    14-Nov-11

 

CUSIP: 00508X203    ISIN: US00508X2036    SEDOL: 2716792

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Arzbaecher   Mgmt   For   For
Elect Director Gurminder S. Bedi   Mgmt   For   For
Elect Director Gustav H.p. Boel   Mgmt   For   For
Elect Director Thomas J. Fischer   Mgmt   For   For
Elect Director William K. Hall   Mgmt   For   For
Elect Director R. Alan Hunter   Mgmt   For   For
Elect Director Robert A. Peterson   Mgmt   For   For
Elect Director Holly A. Van Deursen   Mgmt   For   For
Elect Director Dennis K. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

HealthSpring, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HS    12-Jan-12    USA    42224N101    Special    08-Dec-11

 

CUSIP: 42224N101    ISIN: US42224N1019    SEDOL: B0Y4Z91

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For

Policy Rationale: TDAM evaluates merger and acquisition.proposals on a case-by-case basis.    
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1.      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1.      

Ariba, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARBA    20-Jan-12    USA    04033V203    Annual    01-Dec-11

 

CUSIP: 04033V203    ISIN: US04033V2034    SEDOL: B01RQB2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harriet Edelman   Mgmt   For   For
Elect Director Richard A. Kashnow   Mgmt   For   For
Elect Director Robert D. Johnson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Siemens AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIE    24-Jan-12    Germany    D69671218    Annual   

 

CUSIP: D69671218    ISIN: DE0007236101    SEDOL: 5727973

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proposals   Mgmt    
Receive Financial Statements and Statutory Reports for Fiscal 2010/2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 3.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2010/2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2010/2011   Mgmt   For   For
Ratify Ernst & Young GmbH as Auditors for Fiscal 2011/2012   Mgmt   For   For

Shareholder Proposal Submitted by Verein von Belegschaftsaktionaeren in der Siemens AG e.V Muenchen   Mgmt    
Amend Articles Re: Female Representation on the Supervisory Board   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Johnson Controls, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JCI    25-Jan-12    USA    478366107    Annual    17-Nov-11

 

CUSIP: 478366107    ISIN: US4783661071    SEDOL: 2476803

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis W. Archer   Mgmt   For   For
Elect Director Mark P. Vergnano   Mgmt   For   For
Elect Director Richard Goodman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Jacobs Engineering Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JEC    26-Jan-12    USA    469814107    Annual    02-Dec-11

 

CUSIP: 469814107    ISIN: US4698141078    SEDOL: 2469052

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Noel G. Watson   Mgmt   For   For
Elect Director Joseph R. Bronson   Mgmt   For   For
Elect Director Peter J. Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Sally Beauty Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBH    26-Jan-12    USA    79546E104    Annual    28-Nov-11

 

CUSIP: 79546E104    ISIN: US79546E1047    SEDOL: B1GZ005

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth A. Giuriceo   Mgmt   For   For
Elect Director Robert R. McMaster   Mgmt   For   For
Elect Director Martha Miller   Mgmt   For   For
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

ViaSat, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VSAT    27-Jan-12    USA    92552V100    Annual    06-Dec-11

 

CUSIP: 92552V100    ISIN: US92552V1008    SEDOL: 2946243

ViaSat, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark Dankberg   Mgmt   For   For
Elect Director Michael Targoff   Mgmt   For   For
Elect Director Harvey White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Two Years   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Microsemi Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSCC    31-Jan-12    USA    595137100    Annual    05-Dec-11

 

CUSIP: 595137100    ISIN: US5951371005    SEDOL: 2588140

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Peterson   Mgmt   For   For
Elect Director Dennis R. Leibel   Mgmt   For   For
Elect Director Thomas R. Anderson   Mgmt   For   For
Elect Director William E. Bendush   Mgmt   For   For
Elect Director William L. Healey   Mgmt   For   For
Elect Director Paul F. Folino   Mgmt   For   For
Elect Director Matthew E. Massengill   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Visa Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
V    31-Jan-12    USA    92826C839    Annual    05-Dec-11

 

CUSIP: 92826C839    ISIN: US92826C8394    SEDOL: B2PZN04

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary P. Coughlan   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Francisco Javier Fernandez-Carbajal   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Cathy E. Minehan   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director David J. Pang   Mgmt   For   For
Elect Director Joseph W. Saunders   Mgmt   For   For
Elect Director William S. Shanahan   Mgmt   For   For
Elect Director John A. Swainson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

Imperial Tobacco Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IMT    01-Feb-12    United Kingdom    G4721W102    Annual    30-Jan-12

 

CUSIP: G4721W102    ISIN: GB0004544929    SEDOL: 0454492

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Ken Burnett as Director   Mgmt   For   For
Re-elect Alison Cooper as Director   Mgmt   For   For

Imperial Tobacco Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Robert Dyrbus as Director   Mgmt   For   For
Re-elect Michael Herlihy as Director   Mgmt   For   For
Re-elect Susan Murray as Director   Mgmt   For   For
Re-elect Iain Napier as Director   Mgmt   For   For
Re-elect Berge Setrakian as Director   Mgmt   For   For
Re-elect Mark Williamson as Director   Mgmt   For   For
Elect Malcolm Wyman as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Emerson Electric Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EMR    07-Feb-12    USA    291011104    Annual    29-Nov-11

 

CUSIP: 291011104    ISIN: US2910111044    SEDOL: 2313405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Fernandez G.   Mgmt   For   For
Elect Director A.F. Golden   Mgmt   For   For
Elect Director W.R. Johnson   Mgmt   For   For
Elect Director J.B. Menzer   Mgmt   For   For
Elect Director A.A. Busch, III   Mgmt   For   For
Elect Director R.I. Ridgway   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Emerson Electric Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Sustainability   SH   Against   For
Policy Rationale: TDAM supports disclosure related proposals.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Accenture plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSA    09-Feb-12    Ireland    G1151C101    Annual    12-Dec-11

 

CUSIP: G1151C101    ISIN: IE00B4BNMY34    SEDOL: B412KX5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Reelect Dina Dublon as a Director   Mgmt   For   For
Reelect William D. Green as a Director   Mgmt   For   For
Reelect Nobuyuki Idei as a Director   Mgmt   For   For
Reelect Marjorie Magner as a Director   Mgmt   For   For

Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported Classified Boards are typically opposed.
Authorize the Holding of the 2013 AGM at a Location Outside Ireland   Mgmt   For   For
Authorize Open-Market Purchases of Class A Ordinary Shares   Mgmt   For   For
Determine the Price Range at which Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    16-Feb-12    USA    559181102    Special    06-Jan-12

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Refer to Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1

Ruddick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDK    16-Feb-12    USA    781258108    Annual    09-Dec-11

 

CUSIP: 781258108    ISIN: US7812581087    SEDOL: 2758482

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John R. Belk   Mgmt   For   For
Elect Director John P. Derham Cato   Mgmt   For   For
Elect Director Thomas W. Dickson   Mgmt   For   For
Elect Director James E.S. Hynes   Mgmt   For   For
Elect Director Anna Spangler Nelson   Mgmt   For   For

Elect Director Bailey W. Patrick   Mgmt   For   For
Elect Director Robert H. Spilman, Jr.   Mgmt   For   For
Elect Director Harold C. Stowe   Mgmt   For   For
Elect Director Isaiah Tidwell   Mgmt   For   For
Elect Director William C. Warden, Jr.   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ruddick Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Apple Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAPL    23-Feb-12    USA    037833100    Annual    27-Dec-11

 

CUSIP: 037833100    ISIN: US0378331005    SEDOL: 2046251

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William V. Campbell   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 73.6 percent of votes cast at the previous AGM. The company continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Campbell, Drexler, and Gore, who serve on the Nominating and Corporate Governance Committee of the board.
Elect Director Timothy D. Cook   Mgmt   For   For
Elect Director Millard S. Drexler   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Al Gore   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For

Elect Director Arthur D. Levinson   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Conflict of Interest Report   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Apple Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Directors’ Compensation   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Sirona Dental Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIRO    23-Feb-12    USA    82966C103    Annual    27-Dec-11

 

CUSIP: 82966C103    ISIN: US82966C1036    SEDOL: B17MSX4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David K. Beecken   Mgmt   For   For
Elect Director Jost Fischer   Mgmt   For   For
Elect Director Arthur D. Kowaloff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Nordson Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDSN    28-Feb-12    USA    655663102    Annual    03-Jan-12

 

CUSIP: 655663102    ISIN: US6556631025    SEDOL: 2641838

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Merriman, Jr   Mgmt   For   For
Elect Director Frank M. Jaehnert   Mgmt   For   For
Elect Director Arthur L. George, Jr.   Mgmt   For   For

Nordson Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Annual    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adam K. Bernstein   Mgmt   For   For
Elect Director Jeffrey Flug   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Special    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

Multi-Fineline Electronix, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFLX    05-Mar-12    USA    62541B101    Annual    09-Jan-12

 

CUSIP: 62541B101    ISIN: US62541B1017    SEDOL: B011MJ4

Multi-Fineline Electronix, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe Lemaitre   Mgmt   For   For
Elect Director Donald K. Schwanz   Mgmt   For   For
Elect Director See Meng Wong   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

QUALCOMM Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QCOM    06-Mar-12    USA    747525103    Annual    09-Jan-12

 

CUSIP: 747525103    ISIN: US7475251036    SEDOL: 2714923

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara T. Alexander   Mgmt   For   For
Elect Director Stephen M. Bennett   Mgmt   For   For
Elect Director Donald G. Cruickshank   Mgmt   For   For
Elect Director Raymond V. Dittamore   Mgmt   For   For
Elect Director Thomas W. Horton   Mgmt   For   For
Elect Director Paul E. Jacobs   Mgmt   For   For
Elect Director Robert E. Kahn   Mgmt   For   For
Elect Director Sherry Lansing   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 51.5 percent of votes cast at the previous AGM. Although the company has adopted a director resignation policy, it continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Lansing, Ros, and Scowcroft, who serve on the Corporate Governance Committee of the board.
Elect Director Duane A. Nelles   Mgmt   For   For

Elect Director Francisco Ros   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

QUALCOMM Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brent Scowcroft   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc I. Stern   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Eliminate Provision Relating to Plurality Voting for the Election of Directors   Mgmt   For   For
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Parametric Technology Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PMTC    07-Mar-12    USA    699173209    Annual    06-Jan-12

 

CUSIP: 699173209    ISIN: US6991732099    SEDOL: B103771

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald K. Grierson   Mgmt   For   For
Elect Director James E. Heppelmann   Mgmt   For   For
Elect Director Renato Zambonini   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.      
Ratify Auditors   Mgmt   For   For

Piedmont Natural Gas Company, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNY    08-Mar-12    USA    720186105    Annual    03-Jan-12

 

CUSIP: 720186105    ISIN: US7201861058    SEDOL: 2688147

Piedmont Natural Gas Company, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director E. James Burton   Mgmt   For   For
Elect Director John W. Harris   Mgmt   For   For
Elect Director Aubrey B. Harwell, Jr.   Mgmt   For   For
Elect Director David E. Shi   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Reduce Supermajority Vote Requirement in the Articles of Incorporation   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Reduce Supermajority Vote Requirement in the Bylaws   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

El Paso Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EP    09-Mar-12    USA    28336L109    Special    20-Jan-12

 

CUSIP: 28336L109    ISIN: US28336L1098    SEDOL: 2295945

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1      
Advisory Vote on Golden Parachutes   Mgmt   For   For

The Walt Disney Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DIS    13-Mar-12    USA    254687106    Annual    13-Jan-12

 

CUSIP: 254687106    ISIN: US2546871060    SEDOL: 2270726

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan E. Arnold   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Judith L. Estrin   Mgmt   For   For
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Fred H. Langhammer   Mgmt   For   For
Elect Director Aylwin B. Lewis   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Sheryl Sandberg   Mgmt   For   For
Elect Director Orin C. Smith   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed, TDAM normally opposes option/compensation plans when full plan text is not included in the circular.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Concur Technologies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNQR    14-Mar-12    USA    206708109    Annual    18-Jan-12

 

CUSIP: 206708109    ISIN: US2067081099    SEDOL: 2325091

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. Steven Singh   Mgmt   For   For
Elect Director Jeffrey T. Seely   Mgmt   For   For
Elect Director Randall H. Talbot   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Concur Technologies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Franklin Resources, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEN    14-Mar-12    USA    354613101    Annual    17-Jan-12

 

CUSIP: 354613101    ISIN: US3546131018    SEDOL: 2350684

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel H. Armacost   Mgmt   For   For
Elect Director Charles Crocker   Mgmt   For   For
Elect Director Joseph R. Hardiman   Mgmt   For   For
Elect Director Charles B. Johnson   Mgmt   For   For
Elect Director Gregory E. Johnson   Mgmt   For   For
Elect Director Rupert H. Johnson, Jr.   Mgmt   For   For
Elect Director Mark C. Pigott   Mgmt   For   For
Elect Director Chutta Ratnathicam   Mgmt   For   For
Elect Director Laura Stein   Mgmt   For   For
Elect Director Anne M. Tatlock   Mgmt   For   For
Elect Director Geoffrey Y. Yang   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Bilbao Vizcaya Argentaria, S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBVA    15-Mar-12    Spain    E11805103    Annual    08-Mar-12

 

CUSIP: E11805103    ISIN: ES0113211835    SEDOL: 5501906

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    

Banco Bilbao Vizcaya Argentaria, S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Standalone and Consolidated Financial Statements, Allocation of Income, Distribution of Dividend, and Discharge Directors for FY 2011   Mgmt   For   For

Reelect José Antonio Fernández Rivero as Director   Mgmt   For   For
Reelect José Maldonado Ramos as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Enrique Medina Fernández as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Ratify Co-option and Appoint Juan Pi Llorens as Director   Mgmt   For   For
Elect Belén Garijo López as Director   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of New Shares, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities Without Preemptive Rights up to EUR 12 Billion   Mgmt   For   For
Amend and Approve Termination of Multi-Year Variable Share Remuneration Programme for 2010/2011   Mgmt   For   For
Approve Deferred Share Bonus Plan for FY 2012   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend General Meeting Regulations   Mgmt   For   For
Ratify Deloitte as Auditors   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Hewlett-Packard Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HPQ    21-Mar-12    USA    428236103    Annual    23-Jan-12

 

CUSIP: 428236103    ISIN: US4282361033    SEDOL: 2424006

Hewlett-Packard Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director Shumeet Banerji   Mgmt   For   For
Elect Director Rajiv L. Gupta   Mgmt   For   For
Elect Director John H. Hammergren   Mgmt   For   For

Elect Director Raymond. J. Lane   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director G. M. Reiner   Mgmt   For   For
Elect Director Patricia. F. Russo   Mgmt   For   For
Elect Director G. Kennedy Thompson   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Ralph. V. Whitworth   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Retention Ratio for Executives   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Novo Nordisk A/S

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOVO B    21-Mar-12    Denmark    K7314N152    Annual    14-Mar-12

 

CUSIP: K7314N152    ISIN: DK0060102614    SEDOL: 7077524

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Report of Board   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration of Directors for 2011 in the Aggregate Amount of DKK 9,400,000   Mgmt   For   For
Approve Remuneration of Directors for 2012; Approve Fees for Committee Work   Mgmt   For   For
Approve Allocation of Income and Dividends of DKK 14.00 per Share   Mgmt   For   For
Reelect Sten Scheibye as Chairman   Mgmt   For   For

Novo Nordisk A/S

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Goran Ando as Vice Chairman   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bruno Angelici as Director   Mgmt   For   For
Reelect Henrik Gurtler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Reelect Thomas Koestler as Director   Mgmt   For   For
Reelect Kurt Nielsen as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Hannu Ryopponen as Director   Mgmt   For   For
Elect Liz Hewitt as New Director   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve DKK 20 Million Reduction in Share Capital via Share Cancellation   Mgmt   For   For
Authorize Repurchase up to 10 Percent of Share Capital   Mgmt   For   For
Amend Articles Re: Electronic Communication With Shareholders   Mgmt   For   For
Amend Articles to Reflect Name Change of the Danish Business Authority   Mgmt   For   For
Approve Revised Remuneration Principles   Mgmt   For   For
Other Business   Mgmt    

Nordea Bank AB

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDA    22-Mar-12    Sweden    W57996105    Annual    16-Mar-12

 

CUSIP: W57996105    ISIN: SE0000427361    SEDOL: 5380031

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Claes Beyer as Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Speech   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.26 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For

Determine Number of Members (9) and Deputy Members (0) of Board   Mgmt   For   For
Fix Number of Auditors at One   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 252,000 for Chairman, EUR 97,650 for Deputy Chairman, and EUR 75,600 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Items 13.1 and 13.2 are Presented as a Single Item (Item 13) on the Original Agenda. Item 13.1 Represents the Election of the Management’s Slate for Directors, whereas Item 13.2 is a Shareholder Proposal to Elect an Additional Director   Mgmt    
Reelect Bjorn Wahlroos (Chairman), Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom Knutzen, Lars Nordstrom, Sarah Russell, and Kari Stadigh as Directors; Elect Peter Braunwalder as New Director   Mgmt   For   For
Elect Jorgen Hyldgaard as New Director   SH   None   Do Not Vote
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify KPMG as Auditors   Mgmt   For   For
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Authorize Repurchase of Shares in Connection with Securities Trading   Mgmt   For   For
Approve Remuneration Policy and Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan   Mgmt   For   For
Approve Issuance of up to 2.7 Million Class C-Shares, Approve Repurchase of up to 2.7 Million Class C-Shares, Approve Reallocation of Shares, and Approve Conveyance of up to 7.8 Million Class C-Shares   Mgmt   For   For
Shareholder Proposals   Mgmt    

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Detach Remuneration from Economic Criteria; Reduce Director and Executive Management Remuneration by 10-20 percent; Allow Moral Criteria to Determine Remuneration; Specify how Financial Advisory Engagements are Evaluated   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

HEICO Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HEI    26-Mar-12    USA    422806109    Annual    20-Jan-12

 

CUSIP: 422806109    ISIN: US4228061093    SEDOL: 2419217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adolfo Henriques   Mgmt   For   For
Elect Director Samuel L. Higginbottom   Mgmt   For   For
Elect Director Mark H. Hildebrandt   Mgmt   For   For
Elect Director Wolfgang Mayrhuber   Mgmt   For   For
Elect Director Eric A. Mendelson   Mgmt   For   For
Elect Director Laurans A. Mendelson   Mgmt   For   For
Elect Director Victor H. Mendelson   Mgmt   For   For
Elect Director Alan Schriesheim   Mgmt   For   For
Elect Director Frank J. Schwitter   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Increase Authorized Class A Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Ratify Auditors   Mgmt   For   For

CLARCOR Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLC    27-Mar-12    USA    179895107    Annual    03-Feb-12

 

CUSIP: 179895107    ISIN: US1798951075    SEDOL: 2201265

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Marc Adam   Mgmt   For   For
Elect Director James W. Bradford, Jr.   Mgmt   For   For
Elect Director James L. Packard   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Santander S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    29-Mar-12    Spain    E19790109    Annual    22-Mar-12

 

CUSIP: E19790109    ISIN: ES0113900J37    SEDOL: 5705946

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Accept Individual and Consolidated Financial Statements and Statutory Reports for FY 2011   Mgmt   For   For
Approve Discharge of Directors for FY 2011   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.60 Per Share   Mgmt   For   For
Elect Esther Gimenez-Salinas Colomer as Director   Mgmt   For   For
Ratify Appointment of and Elect Vittorio Corbo Lioi as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Juan Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Emilio Botin-Sanz de Sautuola y Garcia de los Rios as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Matias Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.

Banco Santander S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Manuel Soto Serrano as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Renew Appointment of Deloitte as Auditor   Mgmt   For   For
Amend Articles 22, 23, 24, 27, 31, and 61   Mgmt   For   For
Amend Article 69   Mgmt   For   For
Amend 4, 5, 6, 7, and 8 of General Meeting Regulations   Mgmt   For   For
Amend Articles 18, 19, 21, 22, and 26 of General Meeting Regulations   Mgmt   For   For
Authorize Capital Increase of EUR 500 Million   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For

Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities up to EUR 8 Billion with 20 Percent Dilution Limit on Issues Excluding Preemptive Rights   Mgmt   For   For
Authorize Issuance of Non-convertible Debt and Fixed-Income Securities up to EUR 40 Billion   Mgmt   For   For
Approve New Conversion Date for 2007 Mandatorily Convertible Debentures   Mgmt   For   For
Approve Deferred Annual Bonus under Second Cycle of Deferred and Conditional Variable Remuneration Plan   Mgmt   For   For
Approve Deferred Annual Share Bonus Plan under Third Cycle of Deferred and Conditional Share Plan   Mgmt   For   For
Approve Savings Plan for Santander UK plc Employees and Other Companies of Santander Group in UK   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Canon Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7751    29-Mar-12    Japan    J05124144    Annual    31-Dec-11

 

CUSIP: J05124144    ISIN: JP3242800005    SEDOL: 6172323

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 60   Mgmt   For   For
Amend Articles To Authorize Internet Disclosure of Shareholder Meeting Materials - Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Mitarai, Fujio   Mgmt   For   For
Elect Director Tanaka, Toshizo   Mgmt   For   For
Elect Director Ikoma, Toshiaki   Mgmt   For   For
Elect Director Watanabe, Kunio   Mgmt   For   For
Elect Director Adachi, Yoroku   Mgmt   For   For
Elect Director Mitsuhashi, Yasuo   Mgmt   For   For
Elect Director Matsumoto, Shigeyuki   Mgmt   For   For
Elect Director Homma, Toshio   Mgmt   For   For
Elect Director Nakaoka, Masaki   Mgmt   For   For

Elect Director Honda, Haruhisa   Mgmt   For   For
Elect Director Ozawa, Hideki   Mgmt   For   For
Elect Director Maeda, Masaya   Mgmt   For   For
Elect Director Tani, Yasuhiro   Mgmt   For   For
Elect Director Araki, Makoto   Mgmt   For   For
Elect Director Suematsu, Hiroyuki   Mgmt   For   For
Elect Director Uzawa, Shigeyuki   Mgmt   For   For
Elect Director Nagasawa, Kenichi   Mgmt   For   For
Elect Director Otsuka, Naoji   Mgmt   For   For
Appoint Statutory Auditor Uramoto, Kengo   Mgmt   For   For
Approve Retirement Bonus Payment for Directors   Mgmt   For   Against
Policy Rationale: Approval of this proposal is not warranted because the bonus amounts are not disclosed.
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Daimler AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAI    04-Apr-12    Germany    D1668R123    Annual   

 

CUSIP: D1668R123    ISIN: DE0007100000    SEDOL: 5529027

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.20 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Reelect Clemens Boersig to the Supervisory Board   Mgmt   For   For

LVMH Moet Hennessy Louis Vuitton

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MC    05-Apr-12    France    F58485115    Annual/Special    30-Mar-12

 

CUSIP: F58485115    ISIN: FR0000121014    SEDOL: 4061412

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM votes against this item because the company failed to provide adequate information (notably rationale and price setting conditions) on an assistance agreement involving the majority shareholder of LVMH, Groupe Arnault SAS, controlled by the chairman and CEO of the company.
Approve Allocation of Income and Dividends of EUR 2.60 per Share   Mgmt   For   For
Ratify Appointment of Francesco Trapani as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Appointment of Felix G. Rohatyn as Censor   Mgmt   For   Against
Policy Rationale: TDAM votes against this item as the company has failed to disclose an appropriate rationale for the nominee’s requested appointment.

LVMH Moet Hennessy Louis Vuitton

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Antoine Arnault as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Albert Frere as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Gilles Hennessy as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Lord Powell Of Bayswater as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Yves Thibault De Silguy as Director   Mgmt   For   For
Approve Remuneration of Directors in the Aggregate Amount of EUR 1.26 Million   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Amend Article 23 of Bylaws Re: Convening of General Meeting upon Second Call and Proxy Voting   Mgmt   For   For

Schlumberger Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLB    11-Apr-12    NetherlandsAntilles    806857108    Annual    22-Feb-12

 

CUSIP: 806857108    ISIN: AN8068571086    SEDOL: 2779201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L.S. Currie   Mgmt   For   For
Elect Director Tony Isaac   Mgmt   For   For
Elect Director K. Vaman Kamath   Mgmt   For   For
Elect Director Paal Kibsgaard   Mgmt   For   For

Schlumberger Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nikolay Kudryavtsev   Mgmt   For   For
Elect Director Adrian Lajous   Mgmt   For   For
Elect Director Michael E. Marks   Mgmt   For   For
Elect Director Elizabeth Moler   Mgmt   For   For
Elect Director Lubna S. Olayan   Mgmt   For   For
Elect Director Leo Rafael Reif   Mgmt   For   For
Elect Director Tore I. Sandvold   Mgmt   For   For
Elect Director Henri Seydoux   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt and Approve Financials and Dividends   Mgmt   For   For
Ratify PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: The plan includes restricted stock and performance goals or hurdle rates were not established. TDAM generally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

BP plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BP.    12-Apr-12    United Kingdom    G12793108    Annual    10-Apr-12

 

CUSIP: G12793108    ISIN: GB0007980591    SEDOL: 0798059

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Robert Dudley as Director   Mgmt   For   For
Re-elect Iain Conn as Director   Mgmt   For   For
Elect Dr Brian Gilvary as Director   Mgmt   For   For
Re-elect Dr Byron Grote as Director   Mgmt   For   For
Re-elect Paul Anderson as Director   Mgmt   For   For
Re-elect Frank Bowman as Director   Mgmt   For   For

BP plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Antony Burgmans as Director   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect George David as Director   Mgmt   For   For
Re-elect Ian Davis as Director   Mgmt   For   For
Elect Dame Ann Dowling as Director   Mgmt   For   For
Re-elect Brendan Nelson as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Elect Andrew Shilston as Director   Mgmt   For   For
Re-elect Carl-Henric Svanberg as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vinci SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DG    12-Apr-12    France    F5879X108    Annual/Special    06-Apr-12

 

CUSIP: F5879X108    ISIN: FR0000125486    SEDOL: B1XH026

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.77 per Share   Mgmt   For   For
Reelect Jean Pierre Lamoure as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Vinci SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Related Party Transaction Re: Financing of Sud Europe Atlantique High Speed Railway Project   Mgmt   For   For
Approve Related Party Transaction of Vinci and Vinci Concessions with Vinci Autoroutes Re: Participation in ASF Holding   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Weyerhaeuser Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WY    12-Apr-12    USA    962166104    Annual    17-Feb-12

 

CUSIP: 962166104    ISIN: US9621661043    SEDOL: 2958936

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Debra A. Cafaro   Mgmt   For   For
Elect Director Mark A. Emmert   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At the company’s 2010 annual meeting, the company received a shareholder proposal asking the company to amend its bylaws to give holders of ten percent of outstanding shares the right to call special meetings. This shareholder proposal received 55.1 percent of votes cast. At the 2011 AGM the company submitted a management proposal to allow the holders of not less than 25 percent of outstanding shares to call a special meeting. The majority supported shareholder resolution is still not implemented. Consequently, TDAM would normally oppose the members of the Governance Committee Emmert, Piasecki, Sinkfield, and Steuert. As the company is in the process of declassifyng the board, not all directors are proposed for election at this meeting.
Elect Director Daniel S. Fulton   Mgmt   For   For

Weyerhaeuser Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John I. Kieckhefer   Mgmt   For   For
Elect Director Wayne W. Murdy   Mgmt   For   For
Elect Director Nicole W. Piasecki   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Charles R. Williamson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

A. O. Smith Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AOS    16-Apr-12    USA    831865209    Annual    20-Feb-12

 

CUSIP: 831865209    ISIN: US8318652091    SEDOL: 2816023

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gloster B. Current, Jr.   Mgmt   For   For
Elect Director William P. Greubel   Mgmt   For   For
Elect Director Idelle K. Wolf   Mgmt   For   For
Elect Director Gene C. Wulf   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Chemical Financial Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHFC    16-Apr-12    USA    163731102    Annual    17-Feb-12

 

CUSIP: 163731102    ISIN: US1637311028    SEDOL: 2190277

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Anderson   Mgmt   For   For
Elect Director J. Daniel Bernson   Mgmt   For   For
Elect Director Nancy Bowman   Mgmt   For   For
Elect Director James R. Fitterling   Mgmt   For   For
Elect Director Thomas T. Huff   Mgmt   For   For
Elect Director Michael T. Laethem   Mgmt   For   For
Elect Director James B. Meyer   Mgmt   For   For
Elect Director Terence F. Moore   Mgmt   For   For
Elect Director Aloysius J. Oliver   Mgmt   For   For
Elect Director David B. Ramaker   Mgmt   For   For
Elect Director Grace O. Shearer   Mgmt   For   For
Elect Director Larry D. Stauffer   Mgmt   For   For
Elect Director Franklin C. Wheatlake   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Citigroup Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
C    17-Apr-12    USA    172967424    Annual    21-Feb-12

 

CUSIP: 172967424    ISIN: US1729674242    SEDOL: 2297907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Franz B. Humer   Mgmt   For   For

Citigroup Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Joss   Mgmt   For   For
Elect Director Michael E. O’Neill   Mgmt   For   For
Elect Director Vikram S. Pandit   Mgmt   For   For
Elect Director Lawrence R. Ricciardi   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Elect Director Anthony M. Santomero   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director William S. Thompson, Jr.   Mgmt   For   For
Elect Director Ernesto Zedillo Ponce de Leon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM normally opposes option/compensation plans when full plan text is not included in the circular, and will oppose incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance. In this case, only certain awards vest based on the attainment of business performance goals, and these objectives are not specified in the plan.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted.

Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Disclose Prior Government Service   SH   Against   Against

Policy Rationale: TDAM support for this proposal is not warranted.

Report on Political Contributions and Lobbying Expenditures   SH   Against   Against

Policy Rationale: TDAM support for this proposal is not warranted.

Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as the company has already effectively imposed incentives for senior executives to align their decision-making with the long-term interests of the company.

Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against

Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.

Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Pinnacle Financial Partners, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNFP    17-Apr-12    USA    72346Q104    Annual    24-Feb-12

 

CUSIP: 72346Q104    ISIN: US72346Q1040    SEDOL: 2675097

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen Conway-Welch   Mgmt   For   For
Elect Director Ed C. Loughry, Jr.   Mgmt   For   For
Elect Director Hal N. Pennington   Mgmt   For   For
Elect Director M. Terry Turner   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Prosperity Bancshares, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PB    17-Apr-12    USA    743606105    Annual    08-Mar-12

 

CUSIP: 743606105    ISIN: US7436061052    SEDOL: 2310257

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bouligny   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to eliminate the classification of the Board of Directors of the Company and require that all directors stand for election annually received the support of 66.9 percent of the votes cast at the 2010 AGM. Management has not submitted the declassification proposal to a shareholder’s vote at this year’s annual meeting. Additionally, the company continues to maintain a classified board structure. Consequently, TDAM would normally oppose elections of James A. Bouligny, William H. Fagan, and Robert Steelhammer, who serve on the Nominating and Governance committee of the board. However, given the classified nature of the board, Fagan is not standing for election this year.
Elect Director Robert Steelhammer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director H.E. Timanus, Jr.   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Stanley Black & Decker, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWK    17-Apr-12    USA    854502101    Annual    27-Feb-12

 

CUSIP: 854502101    ISIN: US8545021011    SEDOL: B3Q2FJ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patrick D. Campbell   Mgmt   For   For
Elect Director Benjamin H. Griswold, IV   Mgmt   For   For
Elect Director Eileen S. Kraus   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

T. Rowe Price Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TROW    17-Apr-12    USA    74144T108    Annual    17-Feb-12

 

CUSIP: 74144T108    ISIN: US74144T1088    SEDOL: 2702337

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward C. Bernard   Mgmt   For   For
Elect Director James T. Brady   Mgmt   For   For
Elect Director J. Alfred Broaddus, Jr.   Mgmt   For   For
Elect Director Donald B. Hebb, Jr.   Mgmt   For   For
Elect Director James A.C. Kennedy   Mgmt   For   For
Elect Director Robert F. MacLellan   Mgmt   For   For
Elect Director Brian C. Rogers   Mgmt   For   For
Elect Director Alfred Sommer   Mgmt   For   For
Elect Director Dwight S. Taylor   Mgmt   For   For
Elect Director Anne Marie Whittemore   Mgmt   For   For

T. Rowe Price Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

EQT Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQT    18-Apr-12    USA    26884L109    Annual    15-Feb-12

 

CUSIP: 26884L109    ISIN: US26884L1098    SEDOL: 2319414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth M. Burke   Mgmt   For   For
Elect Director Margaret K. Dorman   Mgmt   For   For
Elect Director Philip G. Behrman   Mgmt   For   For
Elect Director A. Bray Cary, Jr.   Mgmt   For   For
Elect Director Lee T. Todd, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: TDAM generally supports the annual election of directors.    

Wesbanco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSBC    18-Apr-12    USA    950810101    Annual    05-Mar-12

 

CUSIP: 950810101    ISIN: US9508101014    SEDOL: 2953782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ray A. Byrd   Mgmt   For   For
Elect Director Ernest S. Fragale   Mgmt   For   For

Wesbanco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reed J. Tanner   Mgmt   For   For
Elect Director John W. Fisher, II   Mgmt   For   For
Elect Director D. Bruce Knox   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    19-Apr-12    United Kingdom    G03764134    Annual    17-Apr-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect David Challen as Director   Mgmt   For   For
Re-elect Sir CK Chow as Director   Mgmt   For   For
Re-elect Sir Philip Hampton as Director   Mgmt   For   For
Re-elect Rene Medori as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Re-elect Ray O’Rourke as Director   Mgmt   For   For
Re-elect Sir John Parker as Director   Mgmt   For   For
Re-elect Mamphela Ramphele as Director   Mgmt   For   For
Re-elect Jack Thompson as Director   Mgmt   For   For
Re-elect Peter Woicke as Director   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For

Anglo American plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Intuitive Surgical, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ISRG    19-Apr-12    USA    46120E602    Annual    27-Feb-12

 

CUSIP: 46120E602    ISIN: US46120E6023    SEDOL: 2871301

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary S. Guthart   Mgmt   For   For
Elect Director Mark J. Rubash   Mgmt   For   For
Elect Director Lonnie M. Smith   Mgmt   For   For
Amend Stock Option Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Ratify Auditors   Mgmt   For   For

Rio Tinto plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    19-Apr-12    United Kingdom    G75754104    Annual    17-Apr-12

 

CUSIP: G75754104    ISIN: GB0007188757    SEDOL: 0718875

 

  Proponent   Mgmt Rec   Vote Instruction
Resolutions 1 to 16 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Rio Tinto plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chris Lynch as Director   Mgmt   For   For
Elect John Varley as Director   Mgmt   For   For
Re-elect Tom Albanese as Director   Mgmt   For   For
Re-elect Robert Brown as Director   Mgmt   For   For
Re-elect Vivienne Cox as Director   Mgmt   For   For
Re-elect Jan du Plessis as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Michael Fitzpatrick as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Richard Goodmanson as Director   Mgmt   For   For
Re-elect Lord Kerr as Director   Mgmt   For   For
Re-elect Paul Tellier as Director   Mgmt   For   For
Re-elect Sam Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Resolutions 17 to 22 will be Voted on by Rio Tinto plc Shareholders Only   Mgmt    
Approve Global Employee Share Plan   Mgmt   For   For
Approve Share Savings Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vivendi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VIV    19-Apr-12    France    F97982106    Annual    13-Apr-12

 

CUSIP: F97982106    ISIN: FR0000127771    SEDOL: 4834777

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

Vivendi

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For

Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1 per Share   Mgmt   For   For
Reelect Jean-Rene Fourtou as Supervisory Board Member   Mgmt   For   For
Reelect Philippe Donnet as Supervisory Board Member   Mgmt   For   For
Renew Appointment of Ernst et Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Auditex as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Volkswagen AG (VW)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOW    19-Apr-12    Germany    D94523145    Special    28-Mar-12

 

CUSIP: D94523145    ISIN: DE0007664005    SEDOL: 5497102

 

  Proponent   Mgmt Rec   Vote Instruction
Meeting for Preferred Shareholders   Mgmt    
Approve Creation of EUR 110 Million Pool of Capital without Preemptive Rights   Mgmt   For   For

Wolverine World Wide, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WWW    19-Apr-12    USA    978097103    Annual    01-Mar-12

 

CUSIP: 978097103    ISIN: US9780971035    SEDOL: 2977500

Wolverine World Wide, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alberto L. Grimoldi   Mgmt   For   For
Elect Director Joseph R. Gromek   Mgmt   For   For
Elect Director Brenda J. Lauderback   Mgmt   For   For
Elect Director Shirley D. Peterson   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

LaSalle Hotel Properties

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LHO    20-Apr-12    USA    517942108    Annual    08-Feb-12

 

CUSIP: 517942108    ISIN: US5179421087    SEDOL: 2240161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey T. Foland   Mgmt   For   For
Elect Director Darryl Hartley-Leonard   Mgmt   For   For
Elect Director William S. McCalmont   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

South Jersey Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SJI    20-Apr-12    USA    838518108    Annual    27-Feb-12

 

CUSIP: 838518108    ISIN: US8385181081    SEDOL: 2825933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Bracken   Mgmt   For   For

South Jersey Industries, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith S. Campbell   Mgmt   For   For
Elect Director Sheila Hartnett-Devlin   Mgmt   For   For
Elect Director Victor A. Fortkiewicz   Mgmt   For   For
Elect Director Edward J. Graham   Mgmt   For   For
Elect Director Walter M. Higgins, III   Mgmt   For   For

Elect Director Sunita Holzer   Mgmt   For   For
Elect Director Joseph H. Petrowski   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

GDF Suez

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSZ    23-Apr-12    France    F42768105    Annual/Special    17-Apr-12

 

CUSIP: F42768105    ISIN: FR0010208488    SEDOL: B0C2CQ3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.50 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Gerard Mestrallet as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent. TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Jean-Francois Cirelli as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Jean-Louis Beffa as Director   Mgmt   For   For
Reelect Paul Desmarais Jr as Director   Mgmt   For   For
Reelect Lord Simon of Highbury as Director   Mgmt   For   For

Appoint Gerard Lamarche as Censor   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted because the company has failed to provide an adequate rationale on the proposed nomination.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Approve Issuance of up to 20 Percent of Issued Capital Per Year for a Private Placement, up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 275 Million   Mgmt   For   For
Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Article 13 of Bylaws Re: Employee Representatives in the Board   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles 16 and 17 of Bylaws Re: Age limit of the CEO and the Chairman of the Board   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Approve Payment of Interim Dividends (Shares)   Mgmt   For   For
Shareholder Proposal   Mgmt    
Approve Dividends od EUR 0.83 per Share   SH   Against   Against
Policy Rationale: This item corresponds to the approval of the allocation of income/distribution policy. TDAM votes with management on such proposals.

S&T Bancorp, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STBA    23-Apr-12    USA    783859101    Annual    19-Mar-12

 

CUSIP: 783859101    ISIN: US7838591011    SEDOL: 2781109

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Brenzia   Mgmt   For   For
Elect Director Todd D. Brice   Mgmt   For   For
Elect Director John J. Delaney   Mgmt   For   For
Elect Director Michael J. Donnelly   Mgmt   For   For
Elect Director William J. Gatti   Mgmt   For   For
Elect Director Jeffrey D. Grube   Mgmt   For   For
Elect Director Frank W. Jones   Mgmt   For   For
Elect Director Joseph A. Kirk   Mgmt   For   For
Elect Director David L. Krieger   Mgmt   For   For
Elect Director James V. Milano   Mgmt   For   For
Elect Director James C. Miller   Mgmt   For   For
Elect Director Alan Papernick   Mgmt   For   For
Elect Director Robert Rebich, Jr.   Mgmt   For   For
Elect Director Charles A. Spadafora   Mgmt   For   For
Elect Director Christine J. Toretti   Mgmt   For   For
Elect Director Charles G. Urtin   Mgmt   For   For

S&T Bancorp, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM supports an annual advisory vote on executive compensation.

Seaboard Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEB    23-Apr-12    USA    811543107    Annual    27-Feb-12

 

CUSIP: 811543107    ISIN: US8115431079    SEDOL: 2786687

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Bresky   Mgmt   For   Withhold
Policy Rationale: Items 1.1 - 1.5: TDAM generally recommends opposing Boards or specific nominees if possible, who previously authorized excessive compensation. In this case, the inclusion of excessive change in control or severance payments is a matter of concern, in particular, certain agreements contain guaranteed bonus and excessive severance provisions. In addition, support for the election of Steven J. Bresky is not warranted as TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director David A. Adamsen   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Douglas W. Baena   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Joseph E. Rodrigues   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Edward I. Shifman, Jr.   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Ratify Auditors   Mgmt   For   For
Animal Welfare   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Centene Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNC    24-Apr-12    USA    15135B101    Annual    24-Feb-12

 

CUSIP: 15135B101    ISIN: US15135B1017    SEDOL: 2807061

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert K. Ditmore   Mgmt   For   For
Elect Director Frederick H. Eppinger   Mgmt   For   For
Elect Director David L. Steward   Mgmt   For   For
Elect Director Orlando Ayala   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Dana Holding Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAN    24-Apr-12    USA    235825205    Annual    24-Feb-12

 

CUSIP: 235825205    ISIN: US2358252052    SEDOL: B2PFJR3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virginia A. Kamsky   Mgmt   For   For
Elect Director Terrence J. Keating   Mgmt   For   For
Elect Director Joseph C. Muscari   Mgmt   For   For
Elect Director Steven B. Schwarzwaelder   Mgmt   For   For
Elect Director Richard F. Wallman   Mgmt   For   For
Elect Director Keith E. Wandell   Mgmt   For   For
Elect Director Roger J. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

International Business Machines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBM    24-Apr-12    USA    459200101    Annual    24-Feb-12

 

CUSIP: 459200101    ISIN: US4592001014    SEDOL: 2005973

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alain J.P. Belda   Mgmt   For   For
Elect Director William R. Brody   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director David N. Farr   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director James W. Owens   Mgmt   For   For
Elect Director Samuel J. Palmisano   Mgmt   For   For
Elect Director Virginia M. Rometty   Mgmt   For   For

Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Sidney Taurel   Mgmt   For   For
Elect Director Lorenzo H. Zambrano   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Newmont Mining Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEM    24-Apr-12    USA    651639106    Annual    24-Feb-12

 

CUSIP: 651639106    ISIN: US6516391066    SEDOL: 2636607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce R. Brook   Mgmt   For   For
Elect Director Vincent A. Calarco   Mgmt   For   For
Elect Director Joseph A. Carrabba   Mgmt   For   For
Elect Director Noreen Doyle   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Michael S. Hamson   Mgmt   For   For
Elect Director Jane Nelson   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director John B. Prescott   Mgmt   For   For
Elect Director Donald C. Roth   Mgmt   For   For
Elect Director Simon R. Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Rollins, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROL    24-Apr-12    USA    775711104    Annual    02-Mar-12

 

CUSIP: 775711104    ISIN: US7757111049    SEDOL: 2747305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary W. Rollins   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Elect Director Henry B. Tippie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

RPC, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RES    24-Apr-12    USA    749660106    Annual    02-Mar-12

 

CUSIP: 749660106    ISIN: US7496601060    SEDOL: 2719456

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard A. Hubbell   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Linda H. Graham   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Bill J. Dismuke   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Wells Fargo & Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WFC    24-Apr-12    USA    949746101    Annual    24-Feb-12

 

CUSIP: 949746101    ISIN: US9497461015    SEDOL: 2649100

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Baker, II   Mgmt   For   For
Elect Director Elaine L. Chao   Mgmt   For   For

Elect Director John S. Chen   Mgmt   For   For
Elect Director Lloyd H. Dean   Mgmt   For   For
Elect Director Susan E. Engel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Cynthia H. Milligan   Mgmt   For   For
Elect Director Nicholas G. Moore   Mgmt   For   For
Elect Director Federico F. Pena   Mgmt   For   For
Elect Director Philip J. Quigley   Mgmt   For   For
Elect Director Judith M. Runstad   Mgmt   For   For

Wells Fargo & Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Susan G. Swenson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM generally opposes this item.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Anheuser-Busch InBev SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABI    25-Apr-12    Belgium    B6399C107    Annual/Special    11-Apr-12

 

CUSIP: B6399C107    ISIN: BE0003793107    SEDOL: 4755317

  Proponent   Mgmt Rec   Vote Instruction
Annual and Special Meeting   Mgmt    
Special Meeting   Mgmt    
Receive Special Board Report   Mgmt    
Receive Special Auditor Report   Mgmt    
Eliminate Preemptive Rights Re: Issuance of Warrants   Mgmt   For   Against
Policy Rationale: Items A1c, A1d, A1e and A1g: TDAM opposes these items because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices and this practice may compromise non-executive directors’ independence.

Anheuser-Busch InBev SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of 215,000 Warrants   Mgmt   For   Against
Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Re: Issuance of Warrants as Proposed under Item A1d   Mgmt   For   Against
Approve Deviation from Belgian Company Law Provision Re: Grant of Warrants to Non-Executive Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices which is not in shareholders’ best interests.
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   Against
Annual Meeting   Mgmt    
Receive Directors’ Reports (Non-Voting)   Mgmt    
Receive Auditors’ Reports (Non-Voting)   Mgmt    
Receive Consolidated Financial Statements and Statutory Reports (Non-Voting)   Mgmt    
Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Approve Discharge of Auditors   Mgmt   For   For
Receive Information on Resignation of Peter Harf as Director   Mgmt    
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: Items B8a and B8b: TDAM opposes these items because shares under the annual incentive bonus may be granted at a 10-percent discount.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant.

Approve Change-of-Control Clause Re : Updated EMTN Program   Mgmt   For   For
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   For

Axa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CS    25-Apr-12    France    F06106102    Annual/Special    20-Apr-12

 

CUSIP: F06106102    ISIN: FR0000120628    SEDOL: 7088429

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.69 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Reelect Francois Martineau as Director   Mgmt   For   For
Elect Stefan Lippe as Director   Mgmt   For   For
Elect Doina Palici Chehab as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Fewzia Allaouat as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 8 - 14: Given the overall level of board independence (60 percent) and the disclosed information on the selection process and employee shareholders’ vote results, the election of Doina Palici-Chehab under Item 7 warrants support. Consequently, a vote against these items are warranted.
Elect Olivier Dot Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Herbert Fuchs Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Denis Gouyou Beauchamps Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Thierry Jousset Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Rodney Koch Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Emmanuel Rame Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Renew Appointment of PricewaterhouseCoopers Audit as Auditor   Mgmt   For   For

Ratify Yves Nicoles as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Article 21 of Bylaws Re: Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM opposes Item 21 because of its potentially detrimental consequences in terms of the procedures for related-party transactions.
Amend Article 23 of Bylaws Re: Electronic Signature   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

E. I. du Pont de Nemours and Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DD    25-Apr-12    USA    263534109    Annual    29-Feb-12

 

CUSIP: 263534109    ISIN: US2635341090    SEDOL: 2018175

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Richard H. Brown   Mgmt   For   For
Elect Director Robert A. Brown   Mgmt   For   For
Elect Director Bertrand P. Collomb   Mgmt   For   For
Elect Director Curtis J. Crawford   Mgmt   For   For
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Eleuthere I. Du Pont   Mgmt   For   For
Elect Director Marillyn A. Hewson   Mgmt   For   For
Elect Director Lois D. Juliber   Mgmt   For   For
Elect Director Ellen J. Kullman   Mgmt   For   For

Elect Director Lee M. Thomas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM opposes this proposal as the company has a nomination committee composed entirely of independent directors.

E. I. du Pont de Nemours and Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Pay Disparity   SH   Against   Against
Policy Rationale: TDAM support for this item is not merited as the company already provides a Management Say on Pay (MSOP) proposal for shareholders to provide input on the company’s executive compensation practices.
Additionally, it is unclear that the requested analysis evaluating and justifying differences in compensation between senior executives and non-executives, as well as other elements of this proposal, would produce meaningful information on the company’s compensation policies and practices.

Eaton Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ETN    25-Apr-12    USA    278058102    Annual    27-Feb-12

 

CUSIP: 278058102    ISIN: US2780581029    SEDOL: 2300883

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Arthur E. Johnson   Mgmt   For   For
Elect Director Deborah L. McCoy   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

General Electric Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GE    25-Apr-12    USA    369604103    Annual    27-Feb-12

 

CUSIP: 369604103    ISIN: US3696041033    SEDOL: 2380498

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Ann M. Fudge   Mgmt   For   For
Elect Director Susan Hockfield   Mgmt   For   For

General Electric Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey R. Immelt   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Alan G. Lafley   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Ralph S. Larsen   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Robert J. Swieringa   Mgmt   For   For
Elect Director James S. Tisch   Mgmt   For   For
Elect Director Douglas A. Warner, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Material Terms of Senior Officer Performance Goals   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Nuclear Activities   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and has a corporate governance and/or a nomination committee composed entirely of independent directors.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM supports this proposal because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

Signature Bank

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBNY    25-Apr-12    USA    82669G104    Annual    27-Feb-12

 

CUSIP: 82669G104    ISIN: US82669G1040    SEDOL: B00JQL9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kathryn A. Byrne   Mgmt   For   For
Elect Director Alfonse M. D’Amato   Mgmt   For   For
Elect Director Jeffrey W. Meshel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Teledyne Technologies Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TDY    25-Apr-12    USA    879360105    Annual    01-Mar-12

 

CUSIP: 879360105    ISIN: US8793601050    SEDOL: 2503477

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Simon M. Lorne   Mgmt   For   For
Elect Director Paul D. Miller   Mgmt   For   For
Elect Director Wesley W. von Schack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Coca-Cola Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KO    25-Apr-12    USA    191216100    Annual    27-Feb-12

 

CUSIP: 191216100    ISIN: US1912161007    SEDOL: 2206657

The Coca-Cola Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert A. Allen   Mgmt   For   For
Elect Director Ronald W. Allen   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Richard M. Daley   Mgmt   For   For
Elect Director Barry Diller   Mgmt   For   For
Elect Director Evan G. Greenberg   Mgmt   For   For
Elect Director Alexis M. Herman   Mgmt   For   For
Elect Director Muhtar Kent   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Robert A. Kotick   Mgmt   For   For
Elect Director Maria Elena Lagomasino   Mgmt   For   For
Elect Director Donald F. McHenry   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director James D. Robinson, III   Mgmt   For   For
Elect Director Peter V. Ueberroth   Mgmt   For   For
Elect Director Jacob Wallenberg   Mgmt   For   For
Elect Director James B. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

1st Source Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRCE    26-Apr-12    USA    336901103    Annual    17-Feb-12

 

CUSIP: 336901103    ISIN: US3369011032    SEDOL: 2341848

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tracy D. Graham   Mgmt   For   For
Elect Director Allison N. Egidi   Mgmt   For   For
Elect Director Craig A. Kapson   Mgmt   For   For

1st Source Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John T. Phair   Mgmt   For   For
Elect Director Mark D. Schwabero   Mgmt   For   For

AstraZeneca plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AZN    26-Apr-12    United Kingdom    G0593M107    Annual    24-Apr-12

 

CUSIP: G0593M107    ISIN: GB0009895292    SEDOL: 0989529

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Confirm First Interim Dividend; Confirm as Final Dividend the Second Interim Dividend   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Louis Schweitzer as Director   Mgmt   For   For
Re-elect David Brennan as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Elect Genevieve Berger as Director   Mgmt   For   For
Re-elect Bruce Burlington as Director   Mgmt   For   For
Elect Graham Chipchase as Director   Mgmt   For   For
Re-elect Jean-Philippe Courtois as Director   Mgmt   For   For
Elect Leif Johansson as Director   Mgmt   For   For
Re-elect Rudy Markham as Director   Mgmt   For   For
Re-elect Nancy Rothwell as Director   Mgmt   For   For
Re-elect Shriti Vadera as Director   Mgmt   For   For
Re-elect John Varley as Director   Mgmt   For   For
Re-elect Marcus Wallenberg as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

AstraZeneca plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve 2012 Savings-Related Share Option Scheme   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Boston Private Financial Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BPFH    26-Apr-12    USA    101119105    Annual    02-Mar-12

 

CUSIP: 101119105    ISIN: US1011191053    SEDOL: 2081133

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert S. Alexander   Mgmt   For   For
Elect Director Lynn Thompson Hoffman   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal received support from 72.4 percent of votes cast, representing a majority of the company s shares outstanding. However, in this year’s proposal to declassify the board (see Item 3), management has refrained from recommending in favor of the proposal. A management proposal with other than a FOR recommendation by management is not considered to be sufficient action taken. Therefore, the board has failed to act on this proposal. Accordingly, TDAM would normally oppose the elections of Lynn Thompson Hoffman, Eugene S. Colangelo, William J. Shea, and Stephen M. Waters. However, given the classified nature of the board, Hoffman is the only member of the nominating and governance committee proposed for election this year.
Elect Director John Morton, III   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   None   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

British American Tobacco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BATS    26-Apr-12    United Kingdom    G1510J102    Annual    24-Apr-12

 

CUSIP: G1510J102    ISIN: GB0002875804    SEDOL: 0287580

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Richard Burrows as Director   Mgmt   For   For
Re-elect John Daly as Director   Mgmt   For   For
Re-elect Karen de Segundo as Director   Mgmt   For   For
Re-elect Nicandro Durante as Director   Mgmt   For   For
Re-elect Robert Lerwill as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Gerry Murphy as Director   Mgmt   For   For
Re-elect Kieran Poynter as Director   Mgmt   For   For
Re-elect Anthony Ruys as Director   Mgmt   For   For
Re-elect Sir Nicholas Scheele as Director   Mgmt   For   For
Re-elect Ben Stevens as Director   Mgmt   For   For
Elect Ann Godbehere as Director   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

CenterPoint Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNP    26-Apr-12    USA    15189T107    Annual    27-Feb-12

 

CUSIP: 15189T107    ISIN: US15189T1079    SEDOL: 2440637

CenterPoint Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Campbell   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   For
Elect Director O. Holcombe Crosswell   Mgmt   For   For
Elect Director Michael P. Johnson   Mgmt   For   For
Elect Director Janiece M. Longoria   Mgmt   For   For

Elect Director David M. McClanahan   Mgmt   For   For
Elect Director Susan O. Rheney   Mgmt   For   For
Elect Director R. A. Walker   Mgmt   For   For
Elect Director Peter S. Wareing   Mgmt   For   For
Elect Director Sherman M. Wolff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Corning Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLW    26-Apr-12    USA    219350105    Annual    23-Feb-12

 

CUSIP: 219350105    ISIN: US2193501051    SEDOL: 2224701

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John Seely Brown   Mgmt   For   For
Elect Director Stephanie A. Burns   Mgmt   For   For
Elect Director John A. Canning, Jr.   Mgmt   For   For
Elect Director Richard T. Clark   Mgmt   For   For
Elect Director James B. Flaws   Mgmt   For   For
Elect Director Gordon Gund   Mgmt   For   For
Elect Director Kurt M. Landgraf   Mgmt   For   For
Elect Director Deborah D. Rieman   Mgmt   For   For
Elect Director H. Onno Ruding   Mgmt   For   For
Elect Director Mark S. Wrighton   Mgmt   For   For

Corning Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.

Danone

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BN    26-Apr-12    France    F12033134    Annual/Special    20-Apr-12

 

CUSIP: F12033134    ISIN: FR0000120644    SEDOL: B1Y9TB3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.39 per Share   Mgmt   For   For
Reelect Richard Goblet D Alviella as Director   Mgmt   For   For
Reelect Jean Laurent as Director   Mgmt   For   For
Reelect Benoit Potier as Director   Mgmt   For   For
Elect Jacques Antoine Granjon as Director   Mgmt   For   For
Elect Mouna Sepehri as Director   Mgmt   For   For
Elect Virginia Stallings as Director   Mgmt   For   For
Approve Auditors’ Special Report Regarding New Related-Party Transaction   Mgmt   For   For
Approve Transactions with J.P. Morgan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because one new transaction deals with consulting services provided by J.P. Morgan Limited, whereas a non-executive director of the company, Isabelle Seillier, is an executive within J.P. Morgan Group. In addition, another transaction deals with a syndicated facility agreement granted notably by J.P. Morgan Group as first rank bank, which, considering Isabelle Seillier’s position at J.P. Morgan Group, creates a situation of potential conflicts of interests within the board.

Danone

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 0.4 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

DCT Industrial Trust Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DCT    26-Apr-12    USA    233153105    Annual    06-Mar-12

 

CUSIP: 233153105    ISIN: US2331531051    SEDOL: B1L5PD8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Wattles   Mgmt   For   For
Elect Director Philip L. Hawkins   Mgmt   For   For
Elect Director Marilyn A. Alexander   Mgmt   For   For
Elect Director Thomas F. August   Mgmt   For   For
Elect Director John S. Gates, Jr.   Mgmt   For   For
Elect Director Raymond B. Greer   Mgmt   For   For
Elect Director Tripp H. Hardin   Mgmt   For   For
Elect Director John C. O’keeffe   Mgmt   For   For
Elect Director Bruce L. Warwick   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

eBay Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EBAY    26-Apr-12    USA    278642103    Annual    08-Mar-12

 

CUSIP: 278642103    ISIN: US2786421030    SEDOL: 2293819

eBay Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director William C. Ford, Jr.   Mgmt   For   For
Elect Director Dawn G. Lepore   Mgmt   For   For
Elect Director Kathleen C. Mitic   Mgmt   For   For
Elect Director Pierre M. Omidyar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasonsing, proposal increases shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

HCP, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HCP    26-Apr-12    USA    40414L109    Annual    02-Mar-12

 

CUSIP: 40414L109    ISIN: US40414L1098    SEDOL: 2417578

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James F. Flaherty, III   Mgmt   For   For
Elect Director Christine N. Garvey   Mgmt   For   For
Elect Director David B. Henry   Mgmt   For   For
Elect Director Lauralee E. Martin   Mgmt   For   For
Elect Director Michael D. McKee   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Kenneth B. Roath   Mgmt   For   For
Elect Director Joseph P. Sullivan   Mgmt   For   For

HCP, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Humana Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HUM    26-Apr-12    USA    444859102    Annual    27-Feb-12

 

CUSIP: 444859102    ISIN: US4448591028    SEDOL: 2445063

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. D’Amelio   Mgmt   For   For
Elect Director W. Roy Dunbar   Mgmt   For   For
Elect Director Kurt J. Hilzinger   Mgmt   For   For
Elect Director David A. Jones, Jr.   Mgmt   For   For
Elect Director Michael B. McCallister   Mgmt   For   For
Elect Director William J. McDonald   Mgmt   For   For
Elect Director William E. Mitchell   Mgmt   For   For
Elect Director David B. Nash   Mgmt   For   For
Elect Director James J. O’Brien   Mgmt   For   For
Elect Director Marissa T. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Johnson & Johnson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JNJ    26-Apr-12    USA    478160104    Annual    28-Feb-12

 

CUSIP: 478160104    ISIN: US4781601046    SEDOL: 2475833

Johnson & Johnson

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Sue Coleman   Mgmt   For   For
Elect Director James G. Cullen   Mgmt   For   For
Elect Director Ian E.l. Davis   Mgmt   For   For
Elect Director Alex Gorsky   Mgmt   For   For
Elect Director Michael M.e. Johns   Mgmt   For   For
Elect Director Susan L. Lindquist   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Leo F. Mullin   Mgmt   For   For
Elect Director William D. Perez   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director David Satcher   Mgmt   For   For

Elect Director William C. Weldon   Mgmt   For   For
Elect Director Ronald A. Williams   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require Shareholder Vote to Approve Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Animal-Free Training Methods   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Koninklijke Philips Electronics

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    26-Apr-12    Netherlands    N6817P109    Annual    29-Mar-12

 

CUSIP: N6817P109    ISIN: NL0000009538    SEDOL: 5986622

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
President’s Speech   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Approve Dividends of EUR 0.75 Per Share   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect E. Kist to Supervisory Board   Mgmt   For   For
Elect N. Dhawan to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Board to Exclude Preemptive Rights from Issuance under Item 4a   Mgmt   For   For
Approve Reduction in Share Capital by Cancellation of Shares   Mgmt   For   For

Authorize Repurchase of Shares   Mgmt   For   For
Other Business (Non-Voting)   Mgmt    

Lexicon Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LXRX    26-Apr-12    USA    528872104    Annual    29-Feb-12

 

CUSIP: 528872104    ISIN: US5288721047    SEDOL: 2576930

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur T. Sands   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Philippe J. Amouyal   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Lexicon Pharmaceuticals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank P. Palantoni   Mgmt   For   For
Amend Certificate of Incorporation to Increase the Board Size and Allowing for an Increase Above Thirteen Directors as Necessary   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business. Moreover, performance criteria have not been disclosed, TDAM normally opposes incentive compensation plans including
Restricted Stock grants or options which are not related to corporate and/or individual performance.
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Pfizer Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PFE    26-Apr-12    USA    717081103    Annual    28-Feb-12

 

CUSIP: 717081103    ISIN: US7170811035    SEDOL: 2684703

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis A. Ausiello   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 51.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 20 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of Ausiello, Hobbs, Burns, Gray, Horner, Mascotte, and Sanger, who serve on the Corporate Governance committee of the board.
Elect Director M. Anthony Burns   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Pfizer Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director Frances D. Fergusson   Mgmt   For   For
Elect Director William H. Gray, III   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Helen H. Hobbs   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Constance J. Horner   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director James M. Kilts   Mgmt   For   For
Elect Director George A. Lorch   Mgmt   For   For
Elect Director John P. Mascotte   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ian C. Read   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc Tessier-Lavigne   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Publish Political Contributions   SH   Against   Against
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Non-Employee Director Compensation   SH   Against   Against

Polaris Industries Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PII    26-Apr-12    USA    731068102    Annual    29-Feb-12

 

CUSIP: 731068102    ISIN: US7310681025    SEDOL: 2692933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Annette K. Clayton   Mgmt   For   For
Elect Director Gregory R. Palen   Mgmt   For   For
Elect Director John P. Wiehoff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

SVB Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIVB    26-Apr-12    USA    78486Q101    Annual    28-Feb-12

 

CUSIP: 78486Q101    ISIN: US78486Q1013    SEDOL: 2808053

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Greg W. Becker   Mgmt   For   For
Elect Director Eric A. Benhamou   Mgmt   For   For
Elect Director David M. Clapper   Mgmt   For   For
Elect Director Roger F. Dunbar   Mgmt   For   For
Elect Director Joel P. Friedman   Mgmt   For   For
Elect Director C. Richard Kramlich   Mgmt   For   For

Elect Director Lata Krishnan   Mgmt   For   For
Elect Director Jeffrey N. Maggioncalda   Mgmt   For   For
Elect Director Kate D. Mitchell   Mgmt   For   For
Elect Director John F. Robinson   Mgmt   For   For
Elect Director Garen K. Staglin   Mgmt   For   For
Elect Director Kyung H. Yoon   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

SVB Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

TIBCO Software Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TIBX    26-Apr-12    USA    88632Q103    Annual    27-Feb-12

 

CUSIP: 88632Q103    ISIN: US88632Q1031    SEDOL: 2437747

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vivek Y. Ranadive   Mgmt   For   For
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Eric C.W. Dunn   Mgmt   For   For
Elect Director Narendra K. Gupta   Mgmt   For   For
Elect Director Peter J. Job   Mgmt   For   For
Elect Director Philip K. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

TreeHouse Foods, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
THS    26-Apr-12    USA    89469A104    Annual    05-Mar-12

 

CUSIP: 89469A104    ISIN: US89469A1043    SEDOL: B095X84

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank J. O’Connell   Mgmt   For   For
Elect Director Terdema L. Ussery, II   Mgmt   For   For

TreeHouse Foods, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Vermylen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Westamerica Bancorporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WABC    26-Apr-12    USA    957090103    Annual    27-Feb-12

 

CUSIP: 957090103    ISIN: US9570901036    SEDOL: 2950374

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Etta Allen   Mgmt   For   For
Elect Director Louis E. Bartolini   Mgmt   For   For
Elect Director E. Joseph Bowler   Mgmt   For   For
Elect Director Arthur C. Latno, Jr.   Mgmt   For   For
Elect Director Patrick D. Lynch   Mgmt   For   For
Elect Director Catherine Cope MacMillan   Mgmt   For   For
Elect Director Ronald A. Nelson   Mgmt   For   For
Elect Director David L. Payne   Mgmt   For   For
Elect Director Edward B. Sylvester   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Abbott Laboratories

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABT    27-Apr-12    USA    002824100    Annual    29-Feb-12

 

CUSIP: 002824100    ISIN: US0028241000    SEDOL: 2002305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Alpern   Mgmt   For   For
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Sally E. Blount   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Edward M. Liddy   Mgmt   For   For
Elect Director Nancy McKinstry   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director Glenn F. Tilton   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted as the company has in place a corporate governance and/or nomination committee composed entirely of independent directors.
Adopt Anti Gross-up Policy   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. However, the use of gross-ups should still be monitored going forward.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Abbott Laboratories

 

  Proponent   Mgmt Rec   Vote Instruction
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Cease Compliance Adjustments to Performance Criteria   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Pro-rata Vesting of Equity Plans   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      

American Capital, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACAS    27-Apr-12    USA    02503Y103    Annual    01-Mar-12

 

CUSIP: 02503Y103    ISIN: US02503Y1038    SEDOL: 2101990

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary C. Baskin   Mgmt   For   For
Elect Director Neil M. Hahl   Mgmt   For   For
Elect Director Philip R. Harper   Mgmt   For   For
Elect Director John A. Koskinen   Mgmt   For   For
Elect Director Stan Lundine   Mgmt   For   For
Elect Director Kenneth D. Peterson, Jr.   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Amend Securities Transfer Restrictions   Mgmt   For   For
Policy Rationale: TDAM’s policy is applied to the fullest extent possible taking into account best practices, regulations and customs in the jurisdiction. As such, support is merited for this item as the potential value of the company’s estimated NOLs is significant and the proposed transfer restrictions will serve to protect these NOLs. Furthermore, the company does not have a history of poor governance or response to shareholders’ concerns.
Ratify Auditors   Mgmt   For   For

AT&T Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
T    27-Apr-12    USA    00206R102    Annual    28-Feb-12

 

CUSIP: 00206R102    ISIN: US00206R1023    SEDOL: 2831811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall L. Stephenson   Mgmt   For   For
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Reuben V. Anderson   Mgmt   For   For
Elect Director James H. Blanchard   Mgmt   For   For
Elect Director Jaime Chico Pardo   Mgmt   For   For
Elect Director James P. Kelly   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director John B. McCoy   Mgmt   For   For
Elect Director Joyce M. Roche   Mgmt   For   For
Elect Director Matthew K. Rose   Mgmt   For   For
Elect Director Laura D’Andrea Tyson   Mgmt   For   For
Ratification Of Appointment Of Independent Auditors.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Barclays plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BARC    27-Apr-12    United Kingdom    G08036124    Annual    25-Apr-12

 

CUSIP: G08036124    ISIN: GB0031348658    SEDOL: 3134865

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Marcus Agius as Director   Mgmt   For   For
Re-elect David Booth as Director   Mgmt   For   For
Re-elect Alison Carnwath as Director   Mgmt   For   For
Re-elect Fulvio Conti as Director   Mgmt   For   For
Re-elect Bob Diamond as Director   Mgmt   For   For
Re-elect Simon Fraser as Director   Mgmt   For   For
Re-elect Reuben Jeffery III as Director   Mgmt   For   For
Re-elect Sir Andrew Likierman as Director   Mgmt   For   For
Re-elect Chris Lucas as Director   Mgmt   For   For
Re-elect Dambisa Moyo as Director   Mgmt   For   For
Re-elect Sir Michael Rake as Director   Mgmt   For   For
Re-elect Sir John Sunderland as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BASF SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAS    27-Apr-12    Germany    D06216317    Annual   

 

CUSIP: D06216101    ISIN: DE000BASF111    SEDOL: 5086577

BASF SE

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    

Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Amend Articles Re: Electronic and Postal Voting at AGM   Mgmt   For   For

Bayer AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAYN    27-Apr-12    Germany    D0712D163    Annual   

 

CUSIP: D0712D163    ISIN: DE000BAY0017    SEDOL: 5069211

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports; Approve   Mgmt   For   For
Allocation of Income and Dividends of EUR 1.65 per Share for Fiscal 2011 Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Manfred Schneider to the Supervisory Board (Term End: Sept. 30, 2012)   Mgmt   For   For
Elect Werner Wenning to the Supervisory Board (Term Begin: Oct. 1, 2012)   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Clemens Boersig to the Supervisory Board   Mgmt   For   For
Elect Thomas Ebeling to the Supervisory Board   Mgmt   For   For
Elect Klaus Kleinfeld to the Supervisory Board   Mgmt   For   For
Elect Helmut Panke to the Supervisory Board   Mgmt   For   For
Elect Sue Rataj to the Supervisory Board   Mgmt   For   For

Bayer AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Ekkehard Schulz to the Supervisory Board   Mgmt   For   For
Elect Klaus Sturany to the Supervisory Board   Mgmt   For   For
Elect Ernst-Ludwig Winnacker to the Supervisory Board   Mgmt   For   For

Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Amend Articles Re: Remuneration of Supervisory Board   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors for Fiscal 2012   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    27-Apr-12    USA    911363109    Special    22-Mar-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Issue Shares in Connection with Acquisition   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.

American Express Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXP    30-Apr-12    USA    025816109    Annual    01-Mar-12

 

CUSIP: 025816109    ISIN: US0258161092    SEDOL: 2026082

American Express Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Barshefsky   Mgmt   For   For
Elect Director U.M. Burns   Mgmt   For   For
Elect Director K.I. Chenault   Mgmt   For   For
Elect Director P. Chernin   Mgmt   For   For
Elect Director T.J. Leonsis   Mgmt   For   For
Elect Director J. Leschly   Mgmt   For   For

Elect Director R.C. Levin   Mgmt   For   For
Elect Director R.A. McGinn   Mgmt   For   For
Elect Director E.D. Miller   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.D. Walter   Mgmt   For   For
Director R.A. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

ENEL SpA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENEL    30-Apr-12    Italy    T3679P115    Annual/Special    19-Apr-12

 

CUSIP: T3679P115    ISIN: IT0003128367    SEDOL: 7144569

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

ENEL SpA

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance payments to the chairman and to the CEO/director general are in excess of 24 months’ pay.
Extraordinary Business   Mgmt    
Amend Articles Re: Articles 14 and 25 (Board-Related)   Mgmt   For   For

Eni Spa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENI    30-Apr-12    Italy    T3643A145    Annual/Special    19-Apr-12

 

CUSIP: T3643A145    ISIN: IT0003132476    SEDOL: 7145056

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Articles 17 and 28; Add New Article 34 (Board-Related)   Mgmt   For   For

Motorola Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSI    30-Apr-12    USA    620076307    Annual    02-Mar-12

 

CUSIP: 620076307    ISIN: US6200763075    SEDOL: B5BKPQ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory Q. Brown   Mgmt   For   For
Elect Director William J. Bratton   Mgmt   For   For

Motorola Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth C. Dahlberg   Mgmt   For   For
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder resolution asking the board to amend the company’s bylaws to give holders of 10 percent of the company’s outstanding common stock the power to call a special meeting received support from 79.6 percent of votes cast at the 2009 AGM. In response to the voting support at the 2009 annual meeting, the board amended the company’s bylaws to provide shareholders with the ability to call a special meeting if they own 20 percent or more of outstanding shares, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, Michael V. Hayden, and Judy C. Lewent, who serve on the Governance and Nominating committee.
Elect Director Michael V. Hayden   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Judy C. Lewent   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director John A. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Encourage Suppliers to Produce Sustainability Reports   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, a vote against this shareholder proposal is warranted.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Noting that the company has policies and practices in place to encourage executive focus on long-term company performance, this proposal provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

American Capital Agency Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGNC    01-May-12    USA    02503X105    Annual    09-Mar-12

 

CUSIP: 02503X105    ISIN: US02503X1054    SEDOL: B2R8TC5

American Capital Agency Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Couch   Mgmt   For   For
Elect Director Morris A. Davis   Mgmt   For   For
Elect Director Randy E. Dobbs   Mgmt   For   For
Elect Director Larry K. Harvey   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Elect Director Samuel A. Flax   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Increase Authorized Preferred Stock   Mgmt   For   Against

Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.  
Ratify Auditors   Mgmt   For   For

Bristol-Myers Squibb Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMY    01-May-12    USA    110122108    Annual    09-Mar-12

 

CUSIP: 110122108    ISIN: US1101221083    SEDOL: 2126335

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Lewis B. Campbell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to provide holders of 10% of outstanding stock the right to call special meetings received support from 54.7 percent of votes cast at the 2009 AGM. Upon the recommendation of the Committee on Directors and Corporate Governance, which is the Nominating Committee, a proposal to permit stockholders holding at least 25% of outstanding voting stock to call special meetings of stockholders was presented at the 2010 AGM. Given the continued inaction, a vote against the members of the governance committee, Louis J. Freeh, Lewis B. Campbell, Laurie H. Glimcher, Alan J. Lacy, Togo D. West, Jr., R. Sanders Williams, is warranted.
Elect Director James M. Cornelius   Mgmt   For   For
Elect Director Louis J. Freeh   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Bristol-Myers Squibb Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Laurie H. Glimcher   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Michael Grobstein   Mgmt   For   For
Elect Director Alan J. Lacy   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vicki L. Sato   Mgmt   For   For
Elect Director Elliott Sigal   Mgmt   For   For
Elect Director Gerald L. Storch   Mgmt   For   For
Elect Director Togo D. West, Jr.   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Elect Director R. Sanders Williams   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

GAMCO Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBL    01-May-12    USA    361438104    Annual    26-Mar-12

 

CUSIP: 361438104    ISIN: US3614381040    SEDOL: 2386827

GAMCO Investors, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edwin L. Artzt   Mgmt   For   For
Elect Director Raymond C. Avansino , Jr.   Mgmt   For   For
Elect Director Richard L. Bready   Mgmt   For   For
Elect Director Mario J. Gabelli   Mgmt   For   For
Elect Director Eugene R. McGrath   Mgmt   For   For
Elect Director Robert S. Prather, Jr.   Mgmt   For   For
Elect Director Elisa M. Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: As TDAM generally supports the principle of “one share, one vote”, a vote for this proposal is warranted.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Home Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HME    01-May-12    USA    437306103    Annual    05-Mar-12

 

CUSIP: 437306103    ISIN: US4373061039    SEDOL: 2414074

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen R. Blank   Mgmt   For   For
Elect Director Alan L. Gosule   Mgmt   For   For
Elect Director Leonard F. Helbig, III   Mgmt   For   For
Elect Director Charles J. Koch   Mgmt   For   For
Elect Director Thomas P. Lydon, Jr.   Mgmt   For   For
Elect Director Edward J. Pettinella   Mgmt   For   For
Elect Director Clifford W. Smith, Jr.   Mgmt   For   For
Elect Director Amy L. Tait   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Peabody Energy Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BTU    01-May-12    USA    704549104    Annual    12-Mar-12

 

CUSIP: 704549104    ISIN: US7045491047    SEDOL: 2753454

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory H. Boyce   Mgmt   For   For
Elect Director William A. Coley   Mgmt   For   For
Elect Director William E. James   Mgmt   For   For
Elect Director Robert B. Karn, III   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Henry E. Lentz   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director William C. Rusnack   Mgmt   For   For
Elect Director John F. Turner   Mgmt   For   For
Elect Director Sandra A. Van Trease   Mgmt   For   For
Elect Director Alan H. Washkowitz   Mgmt   For   For

Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Select Medical Holdings Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEM    01-May-12    USA    81619Q105    Annual    05-Mar-12

 

CUSIP: 81619Q105    ISIN: US81619Q1058    SEDOL: B4MF0Q6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Rocco A. Ortenzio   Mgmt   For   For
Elect Director Thomas A. Scully   Mgmt   For   For

Select Medical Holdings Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Under Armour, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UA    01-May-12    USA    904311107    Annual    17-Feb-12

 

CUSIP: 904311107    ISIN: US9043111072    SEDOL: B0PZN11

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin A. Plank   Mgmt   For   For
Elect Director Byron K. Adams, Jr.   Mgmt   For   For
Elect Director Douglas E. Coltharp   Mgmt   For   For
Elect Director Anthony W. Deering   Mgmt   For   For
Elect Director A.B. Krongard   Mgmt   For   For

Elect Director William R. McDermott   Mgmt   For   For
Elect Director Harvey L. Sanders   Mgmt   For   For
Elect Director Thomas J. Sippel   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Xstrata plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTA    01-May-12    United Kingdom    G9826T102    Annual    29-Apr-12

 

CUSIP: G9826T102    ISIN: GB0031411001    SEDOL: 3141100

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Xstrata plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM does not support this item because contractual termination provisions have the potential to lead to payments well in excess of one year’s basic salary, given that pension payments (c. 190 percent of basic salary for the CEO for 2011) and bonus (maximum 300 percent of basic salary) are included within the calculation. In addition, this year’s remuneration report confirms that the CEO of Xstrata Zinc would receive a termination payment higher than what was previously disclosed. LTIP awards made to all three Executive Directors during 2011 and 2012 again exceeded the normal maximum limit under the plan. The exceptional circumstances justifying awards at this level have not been outlined in the remuneration report. The 2012 grant was made shortly after the announcement of the merger with Glencore. Completion of the deal will lead to full vesting of all outstanding awards regardless of whether or not the performance conditions have been satisfied. The LTIP continues to incorporate 50 percent vesting for threshold TSR performance.
Re-elect Sir John Bond as Director   Mgmt   For   For
Re-elect Mick Davis as Director   Mgmt   For   For
Re-elect Dr Con Fauconnier as Director   Mgmt   For   For
Re-elect Ivan Glasenberg as Director   Mgmt   For   For
Re-elect Peter Hooley as Director   Mgmt   For   For
Re-elect Claude Lamoureux as Director   Mgmt   For   For
Re-elect Aristotelis Mistakidis as Director   Mgmt   For   For
Re-elect Tor Peterson as Director   Mgmt   For   For

Re-elect Trevor Reid as Director   Mgmt   For   For
Re-elect Sir Steve Robson as Director   Mgmt   For   For
Re-elect David Rough as Director   Mgmt   For   For
Re-elect Ian Strachan as Director   Mgmt   For   For
Re-elect Santiago Zaldumbide as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Approve Reduction of Share Premium Account   Mgmt   For   For
Authorise the Company to Call an EGM with Not Less Than 20 Clear Days’ Notice   Mgmt   For   For

Brunswick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BC    02-May-12    USA    117043109    Annual    05-Mar-12

 

CUSIP: 117043109    ISIN: US1170431092    SEDOL: 2149309

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne E. Belec   Mgmt   For   For
Elect Director Manuel A. Fernandez   Mgmt   For   For
Elect Director J. Steven Whisler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DISH Network Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DISH    02-May-12    USA    25470M109    Annual    07-Mar-12

 

CUSIP: 25470M109    ISIN: US25470M1099    SEDOL: 2303581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph P. Clayton   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director James DeFranco   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Elect Director Cantey M. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Charles W. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven R. Goodbarn   Mgmt   For   For
Elect Director Gary S. Howard   Mgmt   For   For
Elect Director David K. Moskowitz   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Tom A. Ortolf   Mgmt   For   For

DISH Network Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carl E. Vogel   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.  
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.  

General Dynamics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GD    02-May-12    USA    369550108    Annual    08-Mar-12

 

CUSIP: 369550108    ISIN: US3695501086    SEDOL: 2365161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary T. Barra   Mgmt   For   For
Elect Director Nicholas D. Chabraja   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director William P. Fricks   Mgmt   For   For
Elect Director Jay L. Johnson   Mgmt   For   For
Elect Director James L. Jones   Mgmt   For   For
Elect Director Paul G. Kaminski   Mgmt   For   For
Elect Director John M. Keane   Mgmt   For   For
Elect Director Lester L. Lyles   Mgmt   For   For

Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Robert Walmsley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

General Dynamics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM will support this propoasl given the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights, and the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Hatteras Financial Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HTS    02-May-12    USA    41902R103    Annual    14-Mar-12

 

CUSIP: 41902R103    ISIN: US41902R1032    SEDOL: B2R5SY1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Hough   Mgmt   For   For
Elect Director Benjamin M. Hough   Mgmt   For   For
Elect Director David W. Berson   Mgmt   For   For
Elect Director Ira G. Kawaller   Mgmt   For   For
Elect Director Jeffrey D. Miller   Mgmt   For   For
Elect Director Thomas D. Wren   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Molina Healthcare, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MOH    02-May-12    USA    60855R100    Annual    13-Mar-12

 

CUSIP: 60855R100    ISIN: US60855R1005    SEDOL: 2212706

Molina Healthcare, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Garrey E. Carruthers   Mgmt   For   For
Elect Director Frank E. Murray   Mgmt   For   For
Elect Director John P. Szabo, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rackspace Hosting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RAX    02-May-12    USA    750086100    Annual    09-Mar-12

 

CUSIP: 750086100    ISIN: US7500861007    SEDOL: 2591524

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. James Bishkin   Mgmt   For   For
Elect Director Fred Reichheld   Mgmt   For   For
Elect Director Mark P. Mellin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).

TriQuint Semiconductor, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TQNT    02-May-12    USA    89674K103    Annual    05-Mar-12

 

CUSIP: 89674K103    ISIN: US89674K1034    SEDOL: 2904393

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles Scott Gibson   Mgmt   For   For
Elect Director David H.Y. Ho   Mgmt   For   For

Elect Director Nicolas Kauser   Mgmt   For   For
Elect Director Ralph G. Quinsey   Mgmt   For   For

TriQuint Semiconductor, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Walden C. Rhines   Mgmt   For   For
Elect Director Steven J. Sharp   Mgmt   For   For
Elect Director Willis C. Young   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Woodside Petroleum Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WPL    02-May-12    Australia    980228100    Annual    30-Apr-12

 

CUSIP: 980228100    ISIN: AU000000WPL2    SEDOL: 6979728

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Melinda Cilento as a Director   Mgmt   For   For
Elect Robert Cole as a Director   Mgmt   For   For
Elect Erich Fraunschiel as a Director   Mgmt   For   For
Elect Christopher Haynes as a Director   Mgmt   For   For
Elect Pierre Jungels as a Director   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    03-May-12    USA    019344100    Annual    20-Mar-12

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

American Campus Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACC    03-May-12    USA    024835100    Annual    12-Mar-12

 

CUSIP: 024835100    ISIN: US0248351001    SEDOL: B02H871

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Bayless, Jr.   Mgmt   For   For
Elect Director R.D. Burck   Mgmt   For   For
Elect Director G. Steven Dawson   Mgmt   For   For
Elect Director Cydney C. Donnell   Mgmt   For   For
Elect Director Edward Lowenthal   Mgmt   For   For
Elect Director Winston W. Walker   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

E.ON AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EOAN    03-May-12    Germany    D24914133    Annual   

 

CUSIP: D24914133    ISIN: DE000ENAG999    SEDOL: 4942904

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 1.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PriceWaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Change of Corporate Form to Societas Europaea (SE)   Mgmt   For   For
Approve Creation of EUR 460 Million Pool of Capital with Partial Exclusion of Preemptive Rights   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR175 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Bruce Cooper. Did not hear from other portfolio managers by vote deadline, therefore voting in line with ISS reasoning which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Ericsson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    03-May-12    Sweden    W26049119    Annual    26-Apr-12

 

CUSIP: W26049119    ISIN: SE0000108656    SEDOL: 5959378

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For

Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report   Mgmt    
Receive President’s Report; Allow Questions   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 2.50 per Share   Mgmt   For   For
Determine Number of Members (12) and Deputy Members of Board (0)   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 3.75 Million to the Chairman and SEK 875,000 for Other Directors (Including Possibility to Receive Part of Remuneration in Phantom Shares); Approve Remuneration for Committee Work   Mgmt   For   For
Reelect L. Johansson, R. Austin, P. Bonfield, B. Ekholm, U. Johansson, S. Martin-Lof, N. McKinstry, A. Nyren, H. Vestberg, M. Volpi, and J. Wallenberg as Directors; Elect A. Izosimov as New Director   Mgmt   For   For
Policy Rationale: At this company, 58 percent of the shareholder-elected board members can be classified as independent.
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan for All Employees   Mgmt   For   For
Authorize Reissuance of 13.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for All Employees   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.2   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.2, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Authorize Reissuance of 10.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for Key Contributors   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.5   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.5, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Restricted Stock Plan for Executives   Mgmt   For   For

Authorize Reissuance of 7.3 Million Repurchased Class B Shares for 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Approve Swap Agreement with Third Party as Alternative to Item 11.8   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.8, while lowering the majority requirement compared to the primary financing alternative.
Authorize Reissuance of up to 15.5 Million Repurchased Class B Shares to Cover Social Costs in Connection with 2008, 2009, 2010, and 2011 Long-Term Variable Compensation Plans   Mgmt   For   For
Shareholder Proposal from Einar Hellbom   Mgmt    
Instruct the Board to Investigate How All Shares Are to be Given the Same Voting Power and To Present Such a Proposal at the Next Annual General Meeting   SH   None   For
Policy Rationale: TDAM believes all shareholders should be treated equally and all shares should have equal voting rights based upon the principle of “one share, one vote”. Accordingly, support for this item is warranted, since this resolution concerns a plan of providing all shares with equal voting rights, which would bring shareholder voting rights in line with their equity capital commitment.
Close Meeting   Mgmt    

GlaxoSmithKline plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSK    03-May-12    United Kingdom    G3910J112    Annual    01-May-12

 

CUSIP: G3910J112    ISIN: GB0009252882    SEDOL: 0925288

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Sir Christopher Gent as Director   Mgmt   For   For
Re-elect Sir Andrew Witty as Director   Mgmt   For   For
Re-elect Sir Roy Anderson as Director   Mgmt   For   For
Re-elect Dr Stephanie Burns as Director   Mgmt   For   For

GlaxoSmithKline plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Stacey Cartwright as Director   Mgmt   For   For
Re-elect Larry Culp as Director   Mgmt   For   For
Re-elect Sir Crispin Davis as Director   Mgmt   For   For
Re-elect Simon Dingemans as Director   Mgmt   For   For

Re-elect Judy Lewent as Director   Mgmt   For   For
Re-elect Sir Deryck Maughan as Director   Mgmt   For   For
Re-elect Dr Daniel Podolsky as Director   Mgmt   For   For
Re-elect Dr Moncef Slaoui as Director   Mgmt   For   For
Re-elect Tom de Swaan as Director   Mgmt   For   For
Re-elect Sir Robert Wilson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit & Risk Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Approve 2012 ShareSave Plan   Mgmt   For   For
Approve 2012 ShareReward Plan   Mgmt   For   For

H & M Hennes & Mauritz

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMB    03-May-12    Sweden    W41422101    Annual    26-Apr-12

 

CUSIP: W41422101    ISIN: SE0000106270    SEDOL: 5687431

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    

H & M Hennes & Mauritz

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Receive President’s Report; Allow Questions   Mgmt    
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive Auditor’s Report on Application of Guidelines for Remuneration for Executive Management   Mgmt    
Receive Auditor’s and Auditing Committee’s Reports   Mgmt    
Receive Chairman’s Report About Board Work   Mgmt    
Receive Report of the Chairman of the Nominating Committee   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 9.50 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (8) and Deputy Members (0) of Board   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 1.35 Million to Chairman and SEK 475,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Reelect Mia Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson (Chairman), Melker Schorling, and Christian Sievert as Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes slates of directors when the majority of the board is not independent.
Elect Chairman of the Board and Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of Nominating Committee   Mgmt   For   Against
Policy Rationale: TDAM opposes the appointment of a nominating committee due to the chairman of the board also serving as chairman of the current nominating committee, with no evidence that this would cease to be the case following this election.
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Close Meeting   Mgmt    

HealthSouth Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HLS    03-May-12    USA    421924309    Annual    07-Mar-12

 

CUSIP: 421924309    ISIN: US4219243098    SEDOL: B1G9B93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Chidsey   Mgmt   For   For
Elect Director Donald L. Correll   Mgmt   For   For
Elect Director Yvonne M. Curl   Mgmt   For   For
Elect Director Charles M. Elson   Mgmt   For   For
Elect Director Jay Grinney   Mgmt   For   For

Elect Director Jon F. Hanson   Mgmt   For   For
Elect Director Leo I. Higdon, Jr.   Mgmt   For   For
Elect Director John E. Maupin, Jr.   Mgmt   For   For
Elect Director L. Edward Shaw, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Invesco Mortgage Capital Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVR    03-May-12    USA    46131B100    Annual    05-Mar-12

 

CUSIP: 46131B100    ISIN: US46131B1008    SEDOL: B5ZW0F0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director G. Mark Armour   Mgmt   For   For
Elect Director James S. Balloun   Mgmt   For   For
Elect Director John S. Day   Mgmt   For   For
Elect Director Karen Dunn Kelley   Mgmt   For   For
Elect Director James R. Lientz, Jr.   Mgmt   For   For
Elect Director Neil Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nokia Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOK1V    03-May-12    Finland    X61873133    Annual    20-Apr-12

 

CUSIP: X61873133    ISIN: FI0009000681    SEDOL: 5902941

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Call the Meeting to Order   Mgmt    
Designate Inspector or Shareholder Representative(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive CEO’s Review   Mgmt    

Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.20 Per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 440,000 for the Chairman, EUR 150,000 for Deputy Chairman, and EUR 130,000 for Other Directors   Mgmt   For   For
Fix Number of Directors at 11   Mgmt   For   For
Reelect Stephen Elop, Henning Kagermann, Jouko Karvinen, Helge Lund, Isabel Marey-Semper, Dame Marjorie Scardino, Risto Siilasmaa, and Kari Stadigh as Directors; Elect Bruce Brown, Mårten Mickos, and Elizabeth Nelson as New Directors   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Authorize Share Repurchase Program   Mgmt   For   For
Close Meeting   Mgmt    

Public Storage

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PSA    03-May-12    USA    74460D109    Annual    09-Mar-12

 

CUSIP: 74460D109    ISIN: US74460D1090    SEDOL: 2852533

Public Storage

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Havner, Jr.   Mgmt   For   For
Elect Director Tamara Hughes Gustavson   Mgmt   For   For
Elect Director Uri P. Harkham   Mgmt   For   For
Elect Director B. Wayne Hughes, Jr.   Mgmt   For   For
Elect Director Avedick B. Poladian   Mgmt   For   For
Elect Director Gary E. Pruitt   Mgmt   For   For
Elect Director Ronald P. Spogli   Mgmt   For   For
Elect Director Daniel C. Staton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Schneider Electric SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SU    03-May-12    France    F86921107    Annual/Special    26-Apr-12

 

CUSIP: F86921107    ISIN: FR0000121972    SEDOL: 4834108

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.70 per Share   Mgmt   For   For
Approve Additional Pension Scheme Agreement with Jean Pascal Tricoire   Mgmt   For   For
Approve Severance Payment Agreement with Jean Pascal Tricoire   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance package to be granted to Jean-Pascal Tricoire is not deemed totally in line with best market practices, in view of the concerns on the maximum amount of the severance payments, the triggering events, the performance criteria, and the potential combination with an additional pension scheme. Jean-Pascal Tricoire may also continue to benefit from unvested stock options and performance shares after his departure.

Schneider Electric SA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Leo Apotheker as Supervisory Board Member   Mgmt   For   For
Ratify Appointment of Xavier Fontanet as Supervisory Board Member   Mgmt   For   For
Elect Antoine Gosset-Grainville as Supervisory Board Member   Mgmt   For   For
Reelect Willy Kissling as Supervisory Board Member   Mgmt   For   For
Reelect Henri Lachmann as Supervisory Board Member   Mgmt   For   For
Reelect Rick Thoman as Supervisory Board Member   Mgmt   For   For
Elect Manfred Brill as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 12 - 15: Given the overall level of board independence (71 percent), the support provided by the management board, in compliance with a supervisory board recommendation, and the disclosure on the rationale behind this support, TDAM votes against Items 12, 13, and 15.
Reelect Claude Briquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Elect Magali Herbaut as Representative of Employee Shareholders to the Board   Mgmt   For   For

Elect Thierry Jacquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12      
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

United Parcel Service, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UPS    03-May-12    USA    911312106    Annual    05-Mar-12

 

CUSIP: 911312106    ISIN: US9113121068    SEDOL: 2517382

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For

United Parcel Service, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Burns   Mgmt   For   For
Elect Director D. Scott Davis   Mgmt   For   For
Elect Director Stuart E. Eizenstat   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director William R. Johnson   Mgmt   For   For
Elect Director Candace Kendle   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director Rudy H.P. Markham   Mgmt   For   For
Elect Director Clark T. Randt, Jr.   Mgmt   For   For
Elect Director John W. Thompson   Mgmt   For   For
Elect Director Carol B. Tome   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Report on Lobbying Contributions and Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VZ    03-May-12    USA    92343V104    Annual    05-Mar-12

 

CUSIP: 92343V104    ISIN: US92343V1044    SEDOL: 2090571

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Carrion   Mgmt   For   Against

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to take the steps necessary to amend the company’s bylaws and each appropriate governing document to give holders of 10% of the outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 50.6 percent of votes cast at the 2009 AGM. In addition, the proposal requested that no exclusionary provisions be included. Subsequently, Verizon amended its bylaws to allow one or more record holders owning in the aggregate not less than 25 percent of outstanding shares to convene a special meeting. Verizon’s bylaws contain certain exclusions on the ability of shareholders to call a special meeting. It is further noted that Verizon has received shareholder proposals related to shareholders’ right to call special meetings which also garnered significant support in each year since the 2009 AGM. A proposal has again been presented to shareholders at the 2012 AGM (see Item 17) requesting the board to give holders of 15% of outstanding common stock the power to call a special shareowner meeting and that such bylaw and/or charter text not have any exclusionary or prohibitive language applicable only to shareowners but not to management and/or the board. As the board continues to ignore the shareholder resolution which was favourably supported, a vote against Sandra O. Moose, Richard L. Carrión, Donald T. Nicolaisen, Hugh B. Price, Rodney E. Slater, and John W. Snow, who serve on the Corporate Governance committee of the board, is warranted. It is noted that Mr. Snow is retiring from the Board in May 2012 and not standing for re-election.
Elect Director Melanie L. Healey   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Lowell C. McAdam   Mgmt   For   For
Elect Director Sandra O. Moose   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Joseph Neubauer   Mgmt   For   For
Elect Director Donald T. Nicolaisen   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Clarence Otis, Jr.   Mgmt   For   For
Elect Director Hugh B. Price   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rodney E. Slater   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.  
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Performance-Based and/or Time-Based Equity Awards   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  

Acme Packet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
APKT    04-May-12    USA    004764106    Annual    06-Mar-12

 

CUSIP: 004764106    ISIN: US0047641065    SEDOL: B17WCB0

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Elsbree   Mgmt   For   For
Elect Director Patrick J. MeLampy   Mgmt   For   For
Elect Director Robert G. Ory   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Linde AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LIN    04-May-12    Germany    D50348107    Annual    12-Apr-12

 

CUSIP: D50348107    ISIN: DE0006483001    SEDOL: 5740817

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Creation of EUR 70 Million Pool of Capital without Preemptive Rights   Mgmt   For   For
Approve Stock Option Plan for Key Employees; Approve Creation of EUR 10,2 Million Pool of Conditional Capital to Guarantee Conversion Rights   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Sanofi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    04-May-12    France    F5548N101    Annual/Special    27-Apr-12

 

CUSIP: F5548N101    ISIN: FR0000120578    SEDOL: 5671735

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Approve Allocation of Income and Dividends of EUR 2.65 per Share   Mgmt   For   For
Elect Laurent Attal as Director   Mgmt   For   For
Reelect Uwe Bicker as Director   Mgmt   For   For
Reelect Jean Rene Fourtou as Director   Mgmt   For   For

Sanofi

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Carole Piwnica as Director   Mgmt   For   For
Reelect Klaus Pohle as Director   Mgmt   For   For
Appoint Ernst & Young et Autres as Auditor   Mgmt   For   For
Appoint Auditex as Alternate Auditor   Mgmt   For   For
Ratify Change of Registered Office to 54, rue La Boetie, 75008 Paris and Amend Article 4 of Bylaws Accordingly   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1.2 Percent of Issued Capital for Use in   Mgmt   For   For
Restricted Stock Plan Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

The GEO Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GEO    04-May-12    USA    36159R103    Annual    02-Mar-12

 

CUSIP: 36159R103    ISIN: US36159R1032    SEDOL: 2943299

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clarence E. Anthony   Mgmt   For   For
Elect Director Norman A. Carlson   Mgmt   For   For
Elect Director Anne N. Foreman   Mgmt   For   For
Elect Director Richard H. Glanton   Mgmt   For   For
Elect Director Christopher C. Wheeler   Mgmt   For   For
Elect Director George C. Zoley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For

The GEO Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights; the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks, especially in light of recent incidents and the international scope of its business.
Report on Lobbying Payments and Policy   SH   Against   Against
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.      

Berkshire Hathaway Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRK.B    05-May-12    USA    084670702    Annual    07-Mar-12

 

CUSIP: 084670702    ISIN: US0846707026    SEDOL: 2073390

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren E. Buffett   Mgmt   For   For
Elect Director Charles T. Munger   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director David S. Gottesman   Mgmt   For   For
Elect Director Charlotte Guyman   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Thomas S. Murphy   Mgmt   For   For
Elect Director Ronald L. Olson   Mgmt   For   For
Elect Director Walter Scott, Jr.   Mgmt   For   For

Berkshire Hathaway Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Policy on Succession Planning   SH   Against   Against

Policy Rationale: TDAM votes with management on this proposal.

      

CBL & Associates Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBL    07-May-12    USA    124830100    Annual    09-Mar-12

 

CUSIP: 124830100    ISIN: US1248301004    SEDOL: 2167475

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Foy   Mgmt   For   For
Elect Director Thomas J. DeRosa   Mgmt   For   For
Elect Director Matthew S. Dominski   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal to require a majority vote for the election of directors received supporting votes from 68.9 percent of votes cast, and 57.31 percent of outstanding shares. However, the company has not taken any action in response to this vote. Accordingly, TDAM would normally oppose the elections of Walker, Bryenton, Dominski, and Nay, as they serve on the Nominating and Corporate Governance committee of the board. However, as the board is still in the process of declassification, only Dominski is proposed for election this year.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Clean Harbors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLH    07-May-12    USA    184496107    Annual    12-Mar-12

 

CUSIP: 184496107    ISIN: US1844961078    SEDOL: 2202473

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan S. McKim   Mgmt   For   For
Elect Director Rod Marlin   Mgmt   For   For

Clean Harbors, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John T. Preston   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Tootsie Roll Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TR    07-May-12    USA    890516107    Annual    06-Mar-12

 

CUSIP: 890516107    ISIN: US8905161076    SEDOL: 2896809

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvin J. Gordon   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Ellen R. Gordon   Mgmt   For   For
Elect Director Lana Jane Lewis-Brent   Mgmt   For   For
Elect Director Barre A. Seibert   Mgmt   For   For
Elect Director Richard P. Bergeman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alterra Capital Holdings Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALTE    08-May-12    Bermuda    G0229R108    Annual    29-Feb-12

 

CUSIP: G6052F103    ISIN: BMG0229R1088    SEDOL: B4KTGD9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Marston Becker as Director   Mgmt   For   For
Elect James D. Carey as Director   Mgmt   For   For
Elect K. Bruce Connell as Director   Mgmt   For   For

Alterra Capital Holdings Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Thomas Forrester as Director   Mgmt   For   For
Elect Meryl D. Hartzband as Director   Mgmt   For   For
Elect Willis T. King, Jr. as Director   Mgmt   For   For
Elect James H. MacNaughton as Director   Mgmt   For   For
Elect Stephan F. Newhouse as Director   Mgmt   For   For
Elect Michael O’Reilly as Director   Mgmt   For   For
Elect Andrew H. Rush as Director   Mgmt   For   For
Elect Mario P. Torsiello as Director   Mgmt   For   For
Elect James L. Zech as Director   Mgmt   For   For
Ratify the Appointment of KPMG as Alterra Capital’s Independent Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CDE    08-May-12    USA    192108504    Annual    12-Mar-12

 

CUSIP: 192108504    ISIN: US1921085049    SEDOL: 2208136

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. Michael Bogert   Mgmt   For   For
Elect Director James J. Curran   Mgmt   For   For
Elect Director Sebastian Edwards   Mgmt   For   For
Elect Director Mitchell J. Krebs   Mgmt   For   For
Elect Director Andrew Lundquist   Mgmt   For   For
Elect Director Robert E. Mellor   Mgmt   For   For
Elect Director John H. Robinson   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Timothy R. Winterer   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cohen & Steers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNS    08-May-12    USA    19247A100    Annual    13-Mar-12

 

CUSIP: 19247A100    ISIN: US19247A1007    SEDOL: B02H882

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Martin Cohen   Mgmt   For   For
Elect Director Robert H. Steers   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Richard P. Simon   Mgmt   For   For
Elect Director Edmond D. Villani   Mgmt   For   For
Elect Director Bernard B. Winograd   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crosstex Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTXI    08-May-12    USA    22765Y104    Annual    20-Mar-12

 

CUSIP: 22765Y104    ISIN: US22765Y1047    SEDOL: 2263306

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leldon E. Echols   Mgmt   For   For
Elect Director Sheldon B. Lubar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Crosstex Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Policy Rationale: TDAM supports this proposal as the company’s current equal employment opportunity (EEO) policies do not address gender identity.

Equity LifeStyle Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ELS    08-May-12    USA    29472R108    Annual    06-Mar-12

 

CUSIP: 29472R108    ISIN: US29472R1086    SEDOL: 2563125

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philip Calian   Mgmt   For   For
Elect Director David Contis   Mgmt   For   For
Elect Director Thomas Dobrowski   Mgmt   For   For
Elect Director Thomas Heneghan   Mgmt   For   For
Elect Director Sheli Rosenberg   Mgmt   For   For
Elect Director Howard Walker   Mgmt   For   For
Elect Director Gary Waterman   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: In line with ISS reasoning which does not offend TDAM guidelines, this proposal will not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.  

Sotheby’s

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BID    08-May-12    USA    835898107    Annual    14-Mar-12

 

CUSIP: 835898107    ISIN: US8358981079    SEDOL: 2822406

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John M. Angelo   Mgmt   For   For
Elect Director Michael Blakenham   Mgmt   For   For
Elect Director Steven B. Dodge   Mgmt   For   For
Elect Director The Duke Of Devonshire   Mgmt   For   For
Elect Director Daniel Meyer   Mgmt   For   For
Elect Director Allen Questrom   Mgmt   For   For
Elect Director William F. Ruprecht   Mgmt   For   For
Elect Director Marsha E. Simms   Mgmt   For   For
Elect Director Michael I. Sovern   Mgmt   For   For
Elect Director Robert S. Taubman   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director Dennis M. Weibling   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.    
Pro-rata Vesting of Equity Awards   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.    

Allianz SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALV    09-May-12    Germany    D03080112    Annual   

 

CUSIP: D03080112    ISIN: DE0008404005    SEDOL: 5231485

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 4.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For

Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Wulf Bernotat as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Gerhard Cromme as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Renate Koecher as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Igor Landau as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Helmut Perlet as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies that have between 500 and 2,000 employees, one third of the supervisory board must be made up of employee representatives.
Elect Denis Sutherland as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Dante Barban as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Gabriele Burkhardt-Berg as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Jacques Cette as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Ira Gloe-Semler as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Franz Heiss as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Rolf Zimmermann as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Giovanni Casiroli as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Josef Hochburger as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Claude Le Goaer as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Joerg Reinbrecht as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Juergen Lawrenz as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Frank Kirsch as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Amend Articles Re: Term of Supervisory Board Members   Mgmt   For   For
Authorise Exclusion of Preemptive Rights for the Issuance of Shares from Authorized Capital 2010/I   Mgmt   For   For

Bank of America Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAC    09-May-12    USA    060505104    Annual    14-Mar-12

 

CUSIP: 060505104    ISIN: US0605051046    SEDOL: 2295677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mukesh D. Ambani   Mgmt   For   For
Elect Director Susan S. Bies   Mgmt   For   For
Elect Director Frank P. Bramble, Sr.   Mgmt   For   For
Elect Director Virgis W. Colbert   Mgmt   For   For
Elect Director Charles K. Gifford   Mgmt   For   For
Elect Director Charles O. Holliday, Jr.   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Thomas J. May   Mgmt   For   For
Elect Director Brian T. Moynihan   Mgmt   For   For
Elect Director Donald E. Powell   Mgmt   For   For
Elect Director Charles O. Rossotti   Mgmt   For   For
Elect Director Robert W. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

Bank of America Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.  
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. The Company’s current policies on stock ownership are adequately connected to long-term interests of shareholders.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Require Audit Committee Review and Report on Controls   SH   Against   Against
Related to Loans, Foreclosure and Securitizations      

Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current internal controls are robust and as such this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluatethis item on a case-by-case basis.      
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

ConocoPhillips

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COP    09-May-12    USA    20825C104    Annual    12-Mar-12

 

CUSIP: 20825C104    ISIN: US20825C1045    SEDOL: 2685717

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Richard H. Auchinleck   Mgmt   For   For
Elect Director James E. Copeland, Jr.   Mgmt   For   For
Elect Director Kenneth M. Duberstein   Mgmt   For   For
Elect Director Ruth R. Harkin   Mgmt   For   For
Elect Director Ryan M. Lance   Mgmt   For   For
Elect Director Mohd H. Marican   Mgmt   For   For
Elect Director Harold W. McGraw, III   Mgmt   For   For

ConocoPhillips

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Robert A. Niblock   Mgmt   For   For
Elect Director Harald J. Norvik   Mgmt   For   For
Elect Director William K. Reilly   Mgmt   For   For
Elect Director Victoria J. Tschinkel   Mgmt   For   For
Elect Director Kathryn C. Turner   Mgmt   For   For
Elect Director William E. Wade, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Adopt Policy to Address Coastal Louisiana Environmental Impacts   SH   Against   Against
Report on Accident Risk Reduction Efforts   SH   Against   Against
Report on Lobbying Payments and Policy   SH   Against   Against
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because ConocoPhillips does not provide corporate-wide goals to reduce GHG emissions from its products or operations. Given the prospects for regulatory changes and eventual legislation on this issue, ConocoPhillips could provide more transparency to its shareholders on its Climate Change Action Plan and other internal GHG emissions reduction initiatives and goals.
Amend EEO Policy to Prohibit Discrimination based on Gender Identity   SH   Against   For
Policy Rationale: TDAM support for this item is merited as the company’s EEO policy includes sexual orientation but does not specifically address the topic of gender identity or expression. Shareholders would benefit from the company adding gender identity into its EEO policy, taking into account changing state and federal legislation and the adoption of similar policies at many other companies.

Entertainment Properties Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPR    09-May-12    USA    29380T105    Annual    24-Feb-12

 

CUSIP: 29380T105    ISIN: US29380T1051    SEDOL: 2126937

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack A. Newman, Jr.   Mgmt   For   For
Elect Director James A. Olson   Mgmt   For   For

Entertainment Properties Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Voter Rationale: In line with ISS reasoning, the Executive Incentive Bonus Plan does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

L air liquide

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AI    09-May-12    France    F01764103    Annual/Special    03-May-12

 

CUSIP: F01764103    ISIN: FR0000120073    SEDOL: B1YXBJ7

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Karen Katen as Director   Mgmt   For   For
Elect Pierre Dufour as Director   Mgmt   For   For
Approve Transaction with Pierre Dufour   Mgmt   For   Against
Policy Rationale: TDAM does not support the severance package to be granted to Pierre Dufour because it is not in line with best market practices in view of the concerns on the maximum amount of the severance package, on the existence and the stringency of performance conditions, and on triggering events.
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 250 Million for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For

L air liquide

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

NewStar Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEWS    09-May-12    USA    65251F105    Annual    02-Apr-12

 

CUSIP: 65251F105    ISIN: US65251F1057    SEDOL: B1L7CP5

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles N. Bralver   Mgmt   For   For
Elect Director Timothy J. Conway   Mgmt   For   For
Elect Director Bradley E. Cooper   Mgmt   For   For
Elect Director Brian L.P. Fallon   Mgmt   For   For
Elect Director Frank R. Noonan   Mgmt   For   For
Elect Director Maureen P. O’Hara   Mgmt   For   For
Elect Director Peter A. Schmidt-Fellner   Mgmt   For   For
Elect Director Richard E. Thornburgh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Penske Automotive Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAG    09-May-12    USA    70959W103    Annual    16-Mar-12

 

CUSIP: 70959W103    ISIN: US70959W1036    SEDOL: 2943523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Barr   Mgmt   For   For
Elect Director Michael R. Eisenson   Mgmt   For   For

Penske Automotive Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Kurnick, Jr.   Mgmt   For   For
Elect Director William J. Lovejoy   Mgmt   For   For
Elect Director Kimberly J. McWaters   Mgmt   For   For
Elect Director Yoshimi Namba   Mgmt   For   For
Elect Director Lucio A. Noto   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Richard J. Peters   Mgmt   For   For
Elect Director Ronald G. Steinhart   Mgmt   For   For
Elect Director H. Brian Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Polypore International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPO    09-May-12    USA    73179V103    Annual    12-Mar-12

 

CUSIP: 73179V103    ISIN: US73179V1035    SEDOL: B02HWV3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William Dries   Mgmt   For   For
Elect Director Frederick C. Flynn, Jr.   Mgmt   For   For
Elect Director Michael Chesser   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Quaker Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KWR    09-May-12    USA    747316107    Annual    09-Mar-12

 

CUSIP: 747316107    ISIN: US7473161070    SEDOL: 2715186

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Caldwell   Mgmt   For   For
Elect Director William R. Cook   Mgmt   For   For
Elect Director Jeffrey D. Frisby   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Standard Chartered plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STAN    09-May-12    United Kingdom    G84228157    Annual    04-May-12

 

CUSIP: G84228157    ISIN: GB0004082847    SEDOL: 0408284

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Viswanathan Shankar as Director   Mgmt   For   For

Re-elect Stefano Bertamini as Director   Mgmt   For   For
Re-elect Jaspal Bindra as Director   Mgmt   For   For
Re-elect Richard Delbridge as Director   Mgmt   For   For
Re-elect James Dundas as Director   Mgmt   For   For
Re-elect Valerie Gooding as Director   Mgmt   For   For
Re-elect Dr Han Seung-soo as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Re-elect Rudolph Markham as Director   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item because the nominee is considered to be a non-independent NED and is Chairman of the Audit Committee. In addition, the nominee is the designated Senior Independent Director, a role which should be reserved for an unquestionably independent NED.
Re-elect Ruth Markland as Director   Mgmt   For   For
Re-elect Richard Meddings as Director   Mgmt   For   For

Standard Chartered plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Paynter as Director   Mgmt   For   For
Re-elect Sir John Peace as Director   Mgmt   For   For
Re-elect Alun Rees as Director   Mgmt   For   For
Re-elect Peter Sands as Director   Mgmt   For   For
Re-elect Paul Skinner as Director   Mgmt   For   For
Re-elect Oliver Stocken as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

The Warnaco Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRC    09-May-12    USA    934390402    Annual    26-Mar-12

 

CUSIP: 934390402    ISIN: US9343904028    SEDOL: 2352668

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Bell   Mgmt   For   For
Elect Director Robert A. Bowman   Mgmt   For   For
Elect Director Richard Karl Goeltz   Mgmt   For   For
Elect Director Sheila A. Hopkins   Mgmt   For   For
Elect Director Helen McCluskey   Mgmt   For   For
Elect Director Charles R. Perrin   Mgmt   For   For
Elect Director Nancy A. Reardon   Mgmt   For   For

The Warnaco Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Seeley   Mgmt   For   For
Elect Director Cheryl Nido Turpin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    09-May-12    Netherlands    N8981F271    Annual    11-Apr-12

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Receive Report of Management Board   Mgmt    
Approve Financial Statements and Allocation of Income   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect P.G.J.M. Polman as CEO to Board of Directors   Mgmt   For   For
Relect R.J.M.S. Huet as CFO to Board of Directors   Mgmt   For   For
Reelect L.O. Fresco to Board of Directors   Mgmt   For   For
Reelect A.M. Fudge to Board of Directors   Mgmt   For   For

Reelect C.E. Golden to Board of Directors   Mgmt   For   For
Reelect B.E. Grote to Board of Directors   Mgmt   For   For
Reelect S.B. Mittal to Board of Directors   Mgmt   For   For
Reelect H. Nyasulu to Board of Directors   Mgmt   For   For
Reelect M. Rifkind to Board of Directors   Mgmt   For   For
Reelect K.J. Storm to Board of Directors   Mgmt   For   For
Reelect M. Treschow to Board of Directors   Mgmt   For   For
Reelect P.S. Walsh to Board of Directors   Mgmt   For   For
Amend Articles of Association   Mgmt   For   For

Unilever NV

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Authorization to Cancel Ordinary Shares   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Allow Questions and Close Meeting   Mgmt    

Unilever plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULVR    09-May-12    United Kingdom    G92087165    Annual    04-May-12

 

CUSIP: G92087165    ISIN: GB00B10RZP78    SEDOL: B10RZP7

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Paul Polman as Director   Mgmt   For   For
Re-elect Jean-Marc Huet as Director   Mgmt   For   For
Re-elect Louise Fresco as Director   Mgmt   For   For
Re-elect Ann Fudge as Director   Mgmt   For   For
Re-elect Charles Golden as Director   Mgmt   For   For
Re-elect Byron Grote as Director   Mgmt   For   For

Re-elect Sunil Bharti Mittal as Director   Mgmt   For   For
Re-elect Hixonia Nyasulu as Director   Mgmt   For   For
Re-elect Sir Malcolm Rifkind as Director   Mgmt   For   For
Re-elect Kees Storm as Director   Mgmt   For   For
Re-elect Michael Treschow as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For

Unilever plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Adopt New Articles of Association   Mgmt   For   For

Anixter International Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXE    10-May-12    USA    035290105    Annual    12-Mar-12

 

CUSIP: 035290105    ISIN: US0352901054    SEDOL: 2468844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lord James Blyth   Mgmt   For   For
Elect Director Frederic F. Brace   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Robert J. Eck   Mgmt   For   For
Elect Director Robert W. Grubbs   Mgmt   For   For
Elect Director F. Philip Handy   Mgmt   For   For
Elect Director Melvyn N. Klein   Mgmt   For   For
Elect Director George Munoz   Mgmt   For   For
Elect Director Stuart M. Sloan   Mgmt   For   For

Elect Director Matthew Zell   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Bill Barrett Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBG    10-May-12    USA    06846N104    Annual    13-Mar-12

 

CUSIP: 06846N104    ISIN: US06846N1046    SEDOL: B04M3T1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Owens   Mgmt   For   For
Elect Director Randy I. Stein   Mgmt   For   For
Elect Director Kevin O. Meyers   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.  
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cinemark Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNK    10-May-12    USA    17243V102    Annual    23-Mar-12

 

CUSIP: 17243V102    ISIN: US17243V1026    SEDOL: B1W7RQ0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vahe A. Dombalagian   Mgmt   For   For
Elect Director Peter R. Ezersky   Mgmt   For   For
Elect Director Carlos M. Sepulveda   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CVS Caremark Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVS    10-May-12    USA    126650100    Annual    13-Mar-12

 

CUSIP: 126650100    ISIN: US1266501006    SEDOL: 2577609

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. David Brown, II   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 61.2 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, C. David Brown, Anne M. Finucane, Marian L. Heard, and C.A. Lance Piccolo, who serve on the Nominating and Corporate Governance committee of the board.
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Anne M. Finucane   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Kristen Gibney Williams   Mgmt   For   For
Elect Director Marian L. Heard   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Larry J. Merlo   Mgmt   For   For
Elect Director Jean-Pierre Millon   Mgmt   For   For
Elect Director C.A. Lance Piccolo   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.  
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.  

Dril-Quip, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DRQ    10-May-12    USA    262037104    Annual    23-Mar-12

 

CUSIP: 262037104    ISIN: US2620371045    SEDOL: 2116767

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. H. Dick Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

FEI Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FEIC    10-May-12    USA    30241L109    Annual    05-Mar-12

 

CUSIP: 30241L109    ISIN: US30241L1098    SEDOL: 2355764

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence A. Bock   Mgmt   For   For
Elect Director Arie Huijser   Mgmt   For   For
Elect Director Don R. Kania   Mgmt   For   For
Elect Director Thomas F. Kelly   Mgmt   For   For
Elect Director Jan C. Lobbezoo   Mgmt   For   For
Elect Director Gerhard H. Parker   Mgmt   For   For
Elect Director James T. Richardson   Mgmt   For   For
Elect Director Richard H. Wills   Mgmt   For   For
Elect Director Homa Bahrami   Mgmt   For   For
Elect Director Jami K. Nachtsheim   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

FEI Company

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
F    10-May-12    USA    345370860    Annual    14-Mar-12

 

CUSIP: 345370860    ISIN: US3453708600    SEDOL: 2615468

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen G. Butler   Mgmt   For   For
Elect Director Kimberly A. Casiano   Mgmt   For   For
Elect Director Anthony F. Earley, Jr.   Mgmt   For   For
Elect Director Edsel B. Ford II   Mgmt   For   For
Elect Director William Clay Ford, Jr.   Mgmt   For   For
Elect Director Richard A. Gephardt   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director William W. Helman IV   Mgmt   For   For
Elect Director Irvine O. Hockaday, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Richard A. Manoogian   Mgmt   For   For
Elect Director Ellen R. Marram   Mgmt   For   For
Elect Director Alan Mulally   Mgmt   For   For
Elect Director Homer A. Neal   Mgmt   For   For
Elect Director Gerald L. Shaheen   Mgmt   For   For
Elect Director John L. Thornton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

  Proponent   Mgmt Rec   Vote Instruction
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting, which allows all votes to be cast for a single candidate or for any two or more of them, should generally be opposed.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: TDAM guidelines support the general principle of “one share, one vote” and will generally oppose classes of shares with unequal voting rights.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles/Bylaws/Charter — Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Kohl’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KSS    10-May-12    USA    500255104    Annual    07-Mar-12

 

CUSIP: 500255104    ISIN: US5002551043    SEDOL: 2496113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Boneparth   Mgmt   For   For
Elect Director Steven A. Burd   Mgmt   For   For
Elect Director John F. Herma   Mgmt   For   For
Elect Director Dale E. Jones   Mgmt   For   For
Elect Director William S. Kellogg   Mgmt   For   For
Elect Director Kevin Mansell   Mgmt   For   For
Elect Director John E. Schlifske   Mgmt   For   For
Elect Director Frank V. Sica   Mgmt   For   For
Elect Director Peter M. Sommerhauser   Mgmt   For   For
Elect Director Stephanie A. Streeter   Mgmt   For   For
Elect Director Nina G. Vaca   Mgmt   For   For
Elect Director Stephen E. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kohl’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Ending Use of Animal Fur in Products   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that management, the Board, and the Compensation Committee are best suited to consider executive compensation and incentive issues, and that the current incentive program adequately aligns compensation and long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

ManTech International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MANT    10-May-12    USA    564563104    Annual    15-Mar-12

 

CUSIP: 564563104    ISIN: US5645631046    SEDOL: 2825308

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George J. Pedersen   Mgmt   For   For
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Mary K. Bush   Mgmt   For   For
Elect Director Barry G. Campbell   Mgmt   For   For
Elect Director Walter R. Fatzinger, Jr.   Mgmt   For   For
Elect Director David E. Jeremiah   Mgmt   For   For
Elect Director Richard J. Kerr   Mgmt   For   For
Elect Director Kenneth A. Minihan   Mgmt   For   For
Elect Director Stephen W. Porter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Monotype Imaging Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TYPE    10-May-12    USA    61022P100    Annual    22-Mar-12

 

CUSIP: 61022P100    ISIN: US61022P1003    SEDOL: B1YWR85

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Pamela F. Lenehan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Norfolk Southern Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NSC    10-May-12    USA    655844108    Annual    02-Mar-12

 

CUSIP: 655844108    ISIN: US6558441084    SEDOL: 2641894

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gerald L. Baliles   Mgmt   For   For
Elect Director Erskine B. Bowles   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Wesley G. Bush   Mgmt   For   For
Elect Director Daniel A. Carp   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Steven F. Leer   Mgmt   For   For
Elect Director Michael D. Lockhart   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    10-May-12    Australia    Q81437107    Annual    08-May-12

 

CUSIP: Q81437107    ISIN: AU000000RIO1    SEDOL: 6220103

 

  Proponent   Mgmt Rec   Vote Instruction
Accept the Financial Statements and Statutory Reports for the Year Ended Dec. 31, 2011   Mgmt   For   For
Approve the Remuneration Report for the Year Ended Dec. 31, 2011   Mgmt   For   For
Elect Chris Lynch as a Director   Mgmt   For   For

Elect John Varley as a Director   Mgmt   For   For
Elect Tom Albanese as a Director   Mgmt   For   For
Elect Robert Brown as a Director   Mgmt   For   For
Elect Vivienne Cox as a Director   Mgmt   For   For
Elect Jan du Plessis as a Director   Mgmt   For   For
Elect Guy Elliott as a Director   Mgmt   For   For
Elect Micheal Fitzpatrick as a Director   Mgmt   For   For
Elect Ann Godbehere as a Director   Mgmt   For   For
Elect Richard Goodmanson as a Director   Mgmt   For   For
Elect Lord Kerr as a Director   Mgmt   For   For
Elect Paul Tellier as a Director   Mgmt   For   For
Elect Sam Walsh as a Director   Mgmt   For   For
Approve the Reappointment of PricewaterhouseCoopers LLP as Auditors of Rio Tinto plc and Authorize the Audit Committee to Fix the Auditors’ Remuneration   Mgmt   For   For
Approve the Renewal of the Off-Market and On-Market Share Buyback Authorities   Mgmt   For   For

The Dow Chemical Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DOW    10-May-12    USA    260543103    Annual    19-Mar-12

 

CUSIP: 260543103    ISIN: US2605431038    SEDOL: 2278719

The Dow Chemical Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arnold A. Allemang   Mgmt   For   For
Elect Director Jacqueline K. Barton   Mgmt   For   For
Elect Director James A. Bell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 58.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of J. A. Bell and J. M. Fettig, who serve on the board’s Governance committee.
Elect Director Jeff M. Fettig   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Elect Director John B. Hess   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director Paul Polman   Mgmt   For   For
Elect Director Dennis H. Reilley   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Elect Director Ruth G. Shaw   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, .
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.

Cameron International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAM    11-May-12    USA    13342B105    Annual    16-Mar-12

 

CUSIP: 13342B105    ISIN: US13342B1052    SEDOL: 2222233

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Baker Cunningham   Mgmt   For   For
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Douglas L. Foshee   Mgmt   For   For
Elect Director Rodolfo Landim   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it reduces shareholder value.    
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Restatement of the Company’s Certificate of Incorporation   Mgmt   For   For

Voter Rationale: This is a routine matter that does not raise an issue of principle with respect to corporate governance. As such, TDAM supports this resolution.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Total SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FP    11-May-12    France    F92124100    Annual/Special    07-May-12

 

CUSIP: F92124100    ISIN: FR0000120271    SEDOL: B15C557

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 2.28 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Christophe de Margerie as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Patrick Artus as Director   Mgmt   For   For
Reelect Bertrand Collomb as Director   Mgmt   For   For
Reelect Anne Lauvergeon as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   For
Ratify Appointment of Gerard Lamarche as Director   Mgmt   For   For
Elect Anne-Marie Idrac as Director   Mgmt   For   For
Approve Severance Payment Agreement with Christophe de Margerie   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item as the severance package granted to Christophe de Margerie is not totally in line with best market practices, in view of the concerns of the triggering events and performance criteria.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2.5 Billion and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For

Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 850 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 14   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Proposals Made by UES Amont Total Workers’ Counsel   Mgmt    

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Additional Indicators to Include in the Information Provided on Corporate Executive Officers Remuneration   SH   Against   Against
Voter Rationale: As the company has fully disclosed the relevant details of its executive compensation practices in its proxy circular, additional disclosure does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.  
Allow Loyalty Dividends to Long-Term Registered Shareholders   SH   Against   Against
Voter Rationale: TDAM generally opposes shareholder proposals which seek to mandate considerations which the board of directors must take into account in making business decisions. The issuance of dividends is a business decision that management, the Board and key Board committees are best suited to consider.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.  

Equity One, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQY    14-May-12    USA    294752100    Annual    05-Mar-12

 

CUSIP: 294752100    ISIN: US2947521009    SEDOL: 2246329

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James S. Cassel   Mgmt   For   For
Elect Director Cynthia R. Cohen   Mgmt   For   For
Elect Director Neil Flanzraich   Mgmt   For   For
Elect Director Nathan Hetz   Mgmt   For   For
Elect Director Chaim Katzman   Mgmt   For   For

Elect Director Peter Linneman   Mgmt   For   For
Elect Director Jeffrey S. Olson   Mgmt   For   For
Elect Director Dori Segal   Mgmt   For   For
Elect Director David Fischel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

ING Groep NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    14-May-12    Netherlands    N4578E413    Annual    16-Apr-12

 

CUSIP: N4578E413    ISIN: NL0000303600    SEDOL: 7154182

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Open Meeting   Mgmt    
Receive Report of Management Board (Non-Voting)   Mgmt    
Receive Report of Supervisory Board (Non-Voting)   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Discuss Remuneration Report Containing Remuneration Policy for Management Board Members   Mgmt    
Discussion on Company’s Corporate Governance Structure   Mgmt    
Amend Articles Re: Legislative Changes   Mgmt   For   For
Receive Announcements on Sustainability   Mgmt    
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Ratify Ernst and Young as Auditors   Mgmt   For   For
Elect Wilfred Nagel to Executive Board   Mgmt   For   For
Reelect Aman Mehta to Supervisory Board   Mgmt   For   For
Elect Jan Holsboer to Supervisory Board   Mgmt   For   For
Elect Yvonne van Rooy to Supervisory Board   Mgmt   For   For
Elect Robert Reibestein to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For

Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital in Connection with a Major Capital Restructuring   Mgmt   For   For
Close Meeting   Mgmt    

Alaska Air Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALK    15-May-12    USA    011659109    Annual    23-Mar-12

 

CUSIP: 011659109    ISIN: US0116591092    SEDOL: 2012605

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Ayer   Mgmt   For   For
Elect Director Patricia M. Bedient   Mgmt   For   For
Elect Director Marion C. Blakey   Mgmt   For   For
Elect Director Phyllis J. Campbell   Mgmt   For   For
Elect Director Jessie J. Knight, Jr.   Mgmt   For   For
Elect Director R. Marc Langland   Mgmt   For   For
Elect Director Dennis F. Madsen   Mgmt   For   For
Elect Director Byron I. Mallott   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Bradley D. Tilden   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current long-term equity-based awards adequately align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Boston Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BXP    15-May-12    USA    101121101    Annual    21-Mar-12

 

CUSIP: 101121101    ISIN: US1011211018    SEDOL: 2019479

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence S. Bacow   Mgmt   For   For
Elect Director Zoe Baird Budinger   Mgmt   For   For
Elect Director Douglas T. Linde   Mgmt   For   For

Boston Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Matthew J. Lustig   Mgmt   For   For
Elect Director Alan J. Patricof   Mgmt   For   For
Elect Director Martin Turchin   Mgmt   For   For
Elect Director David A. Twardock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

GrafTech International Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GTI    15-May-12    USA    384313102    Annual    22-Mar-12

 

CUSIP: 384313102    ISIN: US3843131026    SEDOL: 2906719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randy W. Carson   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Harold E. Layman   Mgmt   For   For
Elect Director Ferrell P. McClean   Mgmt   For   For
Elect Director Nathan Milikowsky   Mgmt   For   For
Elect Director Michael C. Nahl   Mgmt   For   For
Elect Director Steven R. Shawley   Mgmt   For   For
Elect Director Craig S. Shular   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HIW    15-May-12    USA    431284108    Annual    01-Mar-12

 

CUSIP: 431284108    ISIN: US4312841087    SEDOL: 2420640

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas W. Adler   Mgmt   For   For
Elect Director Gene H. Anderson   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director David J. Hartzell   Mgmt   For   For
Elect Director Sherry A. Kellett   Mgmt   For   For
Elect Director Mark F. Mulhern   Mgmt   For   For
Elect Director L. Glenn Orr, Jr.   Mgmt   For   For
Elect Director O. Temple Sloan, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will oppose this item on a case-by-case basis.      

JPMorgan Chase & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JPM    15-May-12    USA    46625h100    Annual    16-Mar-12

 

CUSIP: 46625h100    ISIN: US46625H1005    SEDOL: 2190385

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bell   Mgmt   For   For
Elect Director Crandall C. Bowles   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal seeking the right to act by written consent passed with 54.3 percent of total votes cast at the 2010 AGM. The shareholder resolution was also proposed at the 2011 AGM, where it garnered the support of 49 percent of votes cast, and is included on ballot once more this year (Item 19). To date, the company has not implemented the majority supported resolution. Accordingly, TDAM will continue to oppose the elections of Burke, Raymond, and Weldon, who serve on the Corporate Governance and Nominating committee of the board.

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David M. Cote   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director James Dimon   Mgmt   For   For
Elect Director Timothy P. Flynn   Mgmt   For   For
Elect Director Ellen V. Futter   Mgmt   For   For
Elect Director Laban P. Jackson, Jr.   Mgmt   For   For
Elect Director Lee R. Raymond   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director William C. Weldon   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Affirm Political Non-Partisanship   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director
Report on Loan Modifications   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. TDAM is of the view that the Company’s current policies and processes for oversight of loan modification are adequate.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity Voter Rationale: As per the recommendation of Derek Smith.   SH   Against   Against
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Stock Retention   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Medicis Pharmaceutical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRX    15-May-12    USA    584690309    Annual    16-Mar-12

 

CUSIP: 584690309    ISIN: US5846903095    SEDOL: 2576510

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur G. Altschul, Jr.   Mgmt   For   For
Elect Director Philip S. Schein   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS’s reasoning, executive compensation is not linked to company and/or individual performance.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      

Quidel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QDEL    15-May-12    USA    74838J101    Annual    20-Mar-12

 

CUSIP: 74838J101    ISIN: US74838J1016    SEDOL: 2717591

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas D. Brown   Mgmt   For   For
Elect Director Douglas C. Bryant   Mgmt   For   For
Elect Director Kenneth F. Buechler   Mgmt   For   For
Elect Director Rod F. Dammeyer   Mgmt   For   For

Quidel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Lake Polan   Mgmt   For   For
Elect Director Mark A. Pulido   Mgmt   For   For
Elect Director Jack W. Schuler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Sprint Nextel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
S    15-May-12    USA    852061100    Annual    16-Mar-12

 

CUSIP: 852061100    ISIN: US8520611000    SEDOL: 2922447

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert R. Bennett   Mgmt   For   For
Elect Director Gordon M. Bethune   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director Daniel R. Hesse   Mgmt   For   For
Elect Director V. Janet Hill   Mgmt   For   For
Elect Director Frank Ianna   Mgmt   For   For
Elect Director Sven-Christer Nilsson   Mgmt   For   For
Elect Director William R. Nuti   Mgmt   For   For
Elect Director Rodney O’Neal   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Voter Rationale: As per ISS’s recommendation, which does not offend TDAM guidelines.

Sprint Nextel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles of Incorporation to Opt-out of the Business Combination Statute   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.

Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Articles of Incorporation to Eliminate Business Combination Provision   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   For
Adopt Policy on Bonus Banking   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s executive compensation approach effectively aligns executive performance with long-term shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Statoil ASA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STL    15-May-12    Norway    R8413J103    Annual   

 

CUSIP: R4446E112    ISIN: NO0010096985    SEDOL: 7133608

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Registration of Attending Shareholders and Proxies   Mgmt    
Elect Olaug Svarva as Chairman of Meeting   Mgmt   For   For
Approve Notice of Meeting and Agenda   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports;   Mgmt   For   For
Approve Allocation of Income and Dividends of NOK 6.50 per Share      
Shareholder Proposals   Mgmt    
Withdraw Company From Tar Sands Activities in Canada   SH   Against   Against

Voter Rationale: As per the recommendation of Derek Smith. TDAM analyses these proposals on a case-by-case basis.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Management Proposals   Mgmt    
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted as, under the cash-based long-term incentive program, executives are in essence granted free shares without any performance criteria attached. Furthermore, the share-matching element of the employee stock purchase plan is subject to only two-year vesting.
Approve Remuneration of Auditors for 2011   Mgmt   For   For
Elect KPMG as Auditors   Mgmt   For   For
Reelect Olaug Svarva as Member of Corporate Assembly   Mgmt   For   For
Reelect Idar Kreutzer as Member of Corporate Assembly   Mgmt   For   For
Reelect Karin Aslaksen as Member of Corporate Assembly   Mgmt   For   For
Reelect Greger Mannsverk as Member of Corporate Assembly   Mgmt   For   For
Reelect Steinar Olsen as Member of Corporate Assembly   Mgmt   For   For
Reelect Ingvald Strommen as Member of Corporate Assembly   Mgmt   For   For
Reelect Rune Bjerke as Member of Corporate Assembly   Mgmt   For   For
Reelect Tore Ulstein as Member of Corporate Assembly   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Corporate Assembly   Mgmt   For   For
Reelect Siri Kalvig as Member of Corporate Assembly   Mgmt   For   For
Reelect Thor Oscar Bolstad as Member of Corporate Assembly   Mgmt   For   For
Reelect Barbro Haetta as Member of Corporate Assembly   Mgmt   For   For
Reelect Arthur Sletteberg as Deputy Member of Corporate Assembly   Mgmt   For   For
Elect Bassim Haj as New Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Anne-Margrethe Firing as Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Linda Litlekalsoy Aase as Deputy Member of Corporate Assembly   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration of Corporate Assembly in the Amount of NOK 107,900 for Chair, NOK 56,800 for Vice Chair, NOK 39,900 for Other Members, and NOK 5,700 per Meeting for Deputy Members   Mgmt   For   For
Reelect Olaug Svarva as Chairman of Nominating Committee   Mgmt   For   For
Reelect Tom Rathke as Member of Nominating Committee   Mgmt   For   For

Reelect Live Haukvik Aker as Member of Nominating Committee   Mgmt   For   For
Reelect Ingrid Dramdal Rasmussen as Member of Nominating Committee   Mgmt   For   For
Approve Remuneration of Members of Nominating Committee in the Amount of NOK 10,800 per Meeting for Chairman and NOK 8,000 per Meeting for Regular Members   Mgmt   For   For
Authorize Repurchase and Reissuance of Shares up to a Nominal Value of NOK 27.5 Million in Connection with Share Saving Scheme for Employees   Mgmt   For   Against
Policy Rationale: Support for this proposal is note warranted given that the repurchased shares will be issued to finance a share matching plan which does not merit approval.
Authorize Repurchase of Shares up to a Nominal Value of NOK 187.5 Million and Cancellation of Repurchased Shares   Mgmt   For   For

Time Warner Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TWX    15-May-12    USA    887317303    Annual    22-Mar-12

 

CUSIP: 887317303    ISIN: US8873173038    SEDOL: B63QTN2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 55.8 percent of votes cast at the 2009 AGM. Although management lowered the threshold to call special meetings to 15% of shares, there are material restrictions on shareholders’ right to call special meetings. Although the board stated that some of its shareholders have indicated that they preferred a threshold between 10 percent and 25 percent, the resolution requesting a 10 percent threshold was favourably suppported by the company’s shareholders. Accordingly, TDAM will oppose the elections of James L. Barksdale, Robert C. Clark, Jessica P. Einhorn and Kenneth J. Novack, as they serve on the Nominating and Governance committee of the board.
Elect Director William P. Barr   Mgmt   For   For
Elect Director Jeffrey L. Bewkes   Mgmt   For   For

Time Warner Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen F. Bollenbach   Mgmt   For   For
Elect Director Robert C. Clark   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mathias Dopfner   Mgmt   For   For
Elect Director Jessica P. Einhorn   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Fred Hassan   Mgmt   For   For
Elect Director Kenneth J. Novack   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Paul D. Wachter   Mgmt   For   For
Elect Director Deborah C. Wright   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

American International Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AIG    16-May-12    USA    026874784    Annual    21-Mar-12

 

CUSIP: 026874784    ISIN: US0268747849    SEDOL: 2027342

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Benmosche   Mgmt   For   For
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director John H. Fitzpatrick   Mgmt   For   For
Elect Director Laurette T. Koellner   Mgmt   For   For
Elect Director Donald H. Layton   Mgmt   For   For
Elect Director Christopher S. Lynch   Mgmt   For   For

American International Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur C. Martinez   Mgmt   For   For
Elect Director George L. Miles, Jr.   Mgmt   For   For
Elect Director Henry S. Miller   Mgmt   For   For
Elect Director Robert S. Miller   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ronald A. Rittenmeyer   Mgmt   For   For

Elect Director Douglas M. Steenland   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Berry Petroleum Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRY    16-May-12    USA    085789105    Annual    19-Mar-12

 

CUSIP: 085789105    ISIN: US0857891057    SEDOL: 2094227

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ralph B. Busch, III   Mgmt   For   For
Elect Director William E. Bush, Jr.   Mgmt   For   For
Elect Director Stephen L. Cropper   Mgmt   For   For
Elect Director J. Herbert Gaul, Jr.   Mgmt   For   For
Elect Director Stephen J. Hadden   Mgmt   For   For
Elect Director Robert F. Heinemann   Mgmt   For   For
Elect Director Thomas J. Jamieson   Mgmt   For   For
Elect Director J. Frank Keller   Mgmt   For   For
Elect Director Michael S. Reddin   Mgmt   For   For
Elect Director Martin H. Young, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BG Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BG.    16-May-12    United Kingdom    G1245Z108    Annual    14-May-12

 

CUSIP: G1245Z108    ISIN: GB0008762899    SEDOL: 0876289

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Vivienne Cox as Director   Mgmt   For   For

Elect Chris Finlayson as Director   Mgmt   For   For
Elect Andrew Gould as Director   Mgmt   For   For
Re-elect Peter Backhouse as Director   Mgmt   For   For
Re-elect Fabio Barbosa as Director   Mgmt   For   For
Re-elect Sir Frank Chapman as Director   Mgmt   For   For
Re-elect Baroness Hogg as Director   Mgmt   For   For
Re-elect Dr John Hood as Director   Mgmt   For   For
Re-elect Martin Houston as Director   Mgmt   For   For
Re-elect Caio Koch-Weser as Director   Mgmt   For   For
Re-elect Sir David Manning as Director   Mgmt   For   For
Re-elect Mark Seligman as Director   Mgmt   For   For
Re-elect Patrick Thomas as Director   Mgmt   For   For
Re-elect Philippe Varin as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BMW Group Bayerische Motoren Werke AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMW    16-May-12    Germany    D12096109    Annual    24-Apr-12

 

CUSIP: D12096109    ISIN: DE0005190003    SEDOL: 5756029

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.32 per Preference Share and EUR 2.30 per Ordinary Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Halliburton Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HAL    16-May-12    USA    406216101    Annual    19-Mar-12

 

CUSIP: 406216101    ISIN: US4062161017    SEDOL: 2405302

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan M. Bennett   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.At the 2009 annual meeting, a shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support of 53.3 percent of votes cast. The company amended its bylaws to allow holders of at least 25 percent to call a special meeting. Although the bylaws were also amended to allow a single shareholder owning ten percent of the company’s common stock to call a special meeting, this fails to meet the request of the proponents. Therefore, TDAM will oppose the elections of Bennett, Carroll, Jum’ah, Martin, and Reed, who serve on the Nominating and Corporate Governance Committee.
Elect Director James R. Boyd   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director Murry S. Gerber   Mgmt   For   For
Elect Director S. Malcolm Gillis   Mgmt   For   For

Halliburton Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Abdallah S. Jum’ah   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director David J. Lesar   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director J. Landis Martin   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Debra L. Reed   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Magellan Health Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MGLN    16-May-12    USA    559079207    Annual    30-Mar-12

 

CUSIP: 559079207    ISIN: US5590792074    SEDOL: 2307787

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rene Lerer   Mgmt   For   For
Elect Director Mary F. Sammons   Mgmt   For   For
Elect Director Eran Broshy   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Primerica Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRI    16-May-12    USA    74164M108    Annual    19-Mar-12

 

CUSIP: 74164M108    ISIN: US74164M1080    SEDOL: B50K3X8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Richard Williams   Mgmt   For   For
Elect Director Barbara A. Yastine   Mgmt   For   For
Elect Director Daniel A. Zilberman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ProAssurance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRA    16-May-12    USA    74267C106    Annual    23-Mar-12

 

CUSIP: 74267C106    ISIN: US74267C1062    SEDOL: 2612737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. James Gorrie   Mgmt   For   For
Elect Director Anthony R. Tersigni   Mgmt   For   For

Elect Director Frank A. Spinosa   Mgmt   For   For
Elect Director Thomas A.S. Wilson Jr.   Mgmt   For   For
Elect Director John J. McMahon Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Qlik Technologies Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QLIK    16-May-12    USA    74733T105    Annual    22-Mar-12

 

CUSIP: 74733T105    ISIN: US74733T1051    SEDOL: B3WPL22

Qlik Technologies Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deborah C. Hopkins   Mgmt   For   For
Elect Director Paul Wahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Silicon Image, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIMG    16-May-12    USA    82705T102    Annual    23-Mar-12

 

CUSIP: 82705T102    ISIN: US82705T1025    SEDOL: 2497581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Hanelt   Mgmt   For   For
Elect Director William George   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Thomson Reuters Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TRI    16-May-12    Canada    884903105    Annual    23-Mar-12

 

CUSIP: 884903105    ISIN: CA8849031056    SEDOL: 2889371

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Thomson   Mgmt   For   For
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James C. Smith   Mgmt   For   For
Elect Director Manvinder S. Banga   Mgmt   For   For
Elect Director Mary Cirillo   Mgmt   For   For

Thomson Reuters Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Denning   Mgmt   For   For
Elect Director Lawton W. Fitt   Mgmt   For   For
Elect Director Roger L. Martin   Mgmt   For   For
Elect Director Sir Deryck Maughan   Mgmt   For   For
Elect Director Ken Olisa   Mgmt   For   For
Elect Director Vance K. Opperman   Mgmt   For   For
Elect Director John M. Thompson   Mgmt   For   For
Elect Director Peter J. Thomson   Mgmt   For   For
Elect Director Wulf von Schimmelmann   Mgmt   For   For
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote on Executive Compensation Approach   Mgmt   For   For
Voter Rationale: No significant compensation issues are identified at this time.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Acacia Research Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACTG    17-May-12    USA    003881307    Annual    23-Mar-12

 

CUSIP: 003881307    ISIN: US0038813079    SEDOL: 2169589

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul R. Ryan   Mgmt   For   For
Elect Director G. Louis Graziadio, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.

AmSurg Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMSG    17-May-12    USA    03232P405    Annual    02-Apr-12

 

CUSIP: 03232P405    ISIN: US03232P4054    SEDOL: 2781381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Cigarran   Mgmt   For   For
Elect Director John W. Popp, Jr.   Mgmt   For   For
Elect Director Cynthia S. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Credit Acceptance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACC    17-May-12    USA    225310101    Annual    22-Mar-12

 

CUSIP: 225310101    ISIN: US2253101016    SEDOL: 2232050

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald A. Foss   Mgmt   For   For

Elect Director Glenda J. Flanagan   Mgmt   For   For
Elect Director Brett A. Roberts   Mgmt   For   For
Elect Director Thomas N. Tryforos   Mgmt   For   For
Elect Director Scott J. Vassalluzzo   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Geron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GERN    17-May-12    USA    374163103    Annual    20-Mar-12

 

CUSIP: 374163103    ISIN: US3741631036    SEDOL: 2370381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas Hofstaetter   Mgmt   For   For
ElectDirector John A. Scarlett   Mgmt   For   For
ElectDirector Robert J. Spiegel   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Horsehead Holding Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ZINC    17-May-12    USA    440694305    Annual    30-Mar-12

 

CUSIP: 440694305    ISIN: US4406943054    SEDOL: B23XLC8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director T. Grant John   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Intel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INTC    17-May-12    USA    458140100    Annual    19-Mar-12

 

CUSIP: 458140100    ISIN: US4581401001    SEDOL: 2463247

Intel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charlene Barshefsky   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director John J. Donahoe   Mgmt   For   For
Elect Director Reed E. Hundt   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director James D. Plummer   Mgmt   For   For
Elect Director David S. Pottruck   Mgmt   For   For
Elect Director Frank D. Yeary   Mgmt   For   For
Elect Director David B. Yoffie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Invacare Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVC    17-May-12    USA    461203101    Annual    23-Mar-12

 

CUSIP: 461203101    ISIN: US4612031017    SEDOL: 2467971

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael F. Delaney   Mgmt   For   For
Elect Director C. Martin Harris   Mgmt   For   For

Elect Director A. Malachi Mixon, III   Mgmt   For   For
Elect Director Baiju R. Shah   Mgmt   For   For
Elect Director Gerald B. Blouch   Mgmt   For   For
Elect Director William M. Weber   Mgmt   For   For
Elect Director Charles S. Robb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Invacare Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

John Bean Technologies Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JBT    17-May-12    USA    477839104    Annual    20-Mar-12

 

CUSIP: 477839104    ISIN: US4778391049    SEDOL: B3BRJZ8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Maury Devine   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kilroy Realty Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KRC    17-May-12    USA    49427F108    Annual    16-Mar-12

 

CUSIP: 49427F108    ISIN: US49427F1084    SEDOL: 2495529

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. Kilroy, Sr.   Mgmt   For   For
Elect Director John B. Kilroy, Jr.   Mgmt   For   For
Elect Director Edward F. Brennan   Mgmt   For   For
Elect Director William P. Dickey   Mgmt   For   For

Elect Director Scott S. Ingraham   Mgmt   For   For
Elect Director Dale F. Kinsella   Mgmt   For   For

Kilroy Realty Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, executive compensation is unrelated to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Ratify Auditors

   Mgmt   For   For

Lloyds Banking Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    17-May-12    United Kingdom    G5533W248    Annual    15-May-12

 

CUSIP: G5542W106    ISIN: GB0008706128    SEDOL: 0870612

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect George Culmer as Director   Mgmt   For   For
Elect Sara Weller as Director   Mgmt   For   For
Re-elect Sir Winfried Bischoff as Director   Mgmt   For   For
Re-elect Anita Frew as Director   Mgmt   For   For
Re-elect Antonio Horta-Osorio as Director   Mgmt   For   For
Re-elect David Roberts as Director   Mgmt   For   For
Re-elect Timothy Ryan as Director   Mgmt   For   For
Re-elect Martin Scicluna as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve Share Incentive Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For

Lloyds Banking Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

MannKind Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MNKD    17-May-12    USA    56400P201    Annual    19-Mar-12

 

CUSIP: 56400P201    ISIN: US56400P2011    SEDOL: B010TR8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alfred E. Mann   Mgmt   For   For
Elect Director Hakan S. Edstrom   Mgmt   For   For
Elect Director Abraham E. Cohen   Mgmt   For   For
Elect Director Ronald Consiglio   Mgmt   For   For
Elect Director Michael Friedman   Mgmt   For   For
Elect Director Kent Kresa   Mgmt   For   For
Elect Director David H. MacCallum   Mgmt   For   For
Elect Director Henry L. Nordhoff   Mgmt   For   For
Elect Director James S. Shannon   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant. TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Meadowbrook Insurance Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MIG    17-May-12    USA    58319P108    Annual    21-Mar-12

 

CUSIP: 58319P108    ISIN: US58319P1084    SEDOL: 2574945

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert S. Cubbin   Mgmt   For   For
Elect Director Robert F. Fix   Mgmt   For   For
Elect Director Hugh W. Greenberg   Mgmt   For   For
Elect Director Florine Mark   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Prudential plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRU    17-May-12    United Kingdom    G72899100    Annual    15-May-12

 

CUSIP: G72899100    ISIN: GB0007099541    SEDOL: 0709954

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because significant basic salary increases for Executive Directors have been implemented for 2012, and the maximum potential bonus and long-term incentive awards were also increased for 2012. In addition, the Remuneration Committee moved the goalposts of one Executive Director’s long-term incentives two years into a three-year performance period by applying changes to its performance criteria retrospectively, which resulted in the vesting of a high proportion of those awards.
Approve Final Dividend   Mgmt   For   For
Elect Alexander Johnston as Director   Mgmt   For   For
Elect Kaikhushru Nargolwala as Director   Mgmt   For   For
Re-elect Keki Dadiseth as Director   Mgmt   For   For
Re-elect Sir Howard Davies as Director   Mgmt   For   For
Re-elect Robert Devey as Director   Mgmt   For   For
Re-elect John Foley as Director   Mgmt   For   For
Re-elect Michael Garrett as Director   Mgmt   For   For

Prudential plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Paul Manduca as Director   Mgmt   For   For
Re-elect Harvey McGrath as Director   Mgmt   For   For
Re-elect Michael McLintock as Director   Mgmt   For   For
Re-elect Nicolaos Nicandrou as Director   Mgmt   For   For
Re-elect Barry Stowe as Director   Mgmt   For   For
Re-elect Tidjane Thiam as Director   Mgmt   For   For
Re-elect Lord Turnbull as Director   Mgmt   For   For
Re-elect Michael Wells as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Approve International Savings-Related Share Option Scheme for Non-Employees 2012   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Republic Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RSG    17-May-12    USA    760759100    Annual    20-Mar-12

 

CUSIP: 760759100    ISIN: US7607591002    SEDOL: 2262530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James W. Crownover   Mgmt   For   For
Elect Director William J. Flynn   Mgmt   For   For
Elect Director Michael Larson   Mgmt   For   For
Elect Director Nolan Lehmann   Mgmt   For   For

Republic Services, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Lee Nutter   Mgmt   For   For
Elect Director Ramon A. Rodriguez   Mgmt   For   For
Elect Director Donald W. Slager   Mgmt   For   For
Elect Director Allan C. Sorensen   Mgmt   For   For
Elect Director John M. Trani   Mgmt   For   For
Elect Director Michael W. Wickham   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives   SH   Against   For
Policy Rationale: TDAM supports shareholder proposals requesting submission of golden coffins to a shareholder vote.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

Simon Property Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SPG    17-May-12    USA    828806109    Annual    19-Mar-12

 

CUSIP: 828806109    ISIN: US8288061091    SEDOL: 2812452

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn E. Bergstein   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Allan Hubbard   Mgmt   For   For
Elect Director Reuben S. Leibowitz   Mgmt   For   For
Elect Director Daniel C. Smith   Mgmt   For   For
Elect Director J. Albert Smith, Jr.   Mgmt   For   For

Simon Property Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Voter Rationale: In line with ISS reasoning, a pay-for-performance disconnect is noted as the CEO’s $120 million retention award granted in 2011 was not related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

The Charles Schwab Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SCHW    17-May-12    USA    808513105    Annual    19-Mar-12

 

CUSIP: 808513105    ISIN: US8085131055    SEDOL: 2779397

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy H. Bechtle   Mgmt   For   For
Elect Director Walter W. Bettinger, II   Mgmt   For   For
Elect Director C. Preston Butcher   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM support for this item is not warranted.      

Bruker Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRKR    18-May-12    USA    116794108    Annual    30-Mar-12

 

CUSIP: 116794108    ISIN: US1167941087    SEDOL: 2616137

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard D. Kniss   Mgmt   For   For

Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Joerg C. Laukien   Mgmt   For   For
Elect Director William A. Linton   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Chris Van Ingen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rockwood Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROC    18-May-12    USA    774415103    Annual    21-Mar-12

 

CUSIP: 774415103    ISIN: US7744151033    SEDOL: B0GWF93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director J. Kent Masters   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Seattle Genetics, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGEN    18-May-12    USA    812578102    Annual    23-Mar-12

 

CUSIP: 812578102    ISIN: US8125781026    SEDOL: 2738127

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clay B. Siegall   Mgmt   For   For
Elect Director Felix Baker   Mgmt   For   For

Seattle Genetics, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy A. Simonian   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKT    18-May-12    USA    875465106    Annual    21-Mar-12

 

CUSIP: 875465106    ISIN: US8754651060    SEDOL: 2874582

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack Africk   Mgmt   For   For
Elect Director Steven B. Tanger   Mgmt   For   For
Elect Director William G. Benton   Mgmt   For   For
Elect Director Bridget Ryan Berman   Mgmt   For   For
Elect Director Donald G. Drapkin   Mgmt   For   For
Elect Director Thomas J. Reddin   Mgmt   For   For
Elect Director Thomas E. Robinson   Mgmt   For   For
Elect Director Allan L. Schuman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Dillard’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DDS    19-May-12    USA    254067101    Annual    26-Mar-12

 

CUSIP: 254067101    ISIN: US2540671011    SEDOL: 2269768

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Frank R. Mori   Mgmt   For   For
Elect Director J.C. Watts, Jr.   Mgmt   For   For
Elect Director Nick White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

CONMED Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNMD    21-May-12    USA    207410101    Annual    03-Apr-12

 

CUSIP: 207410101    ISIN: US2074101013    SEDOL: 2216010

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Eugene R. Corasanti   Mgmt   For   For
Elect Director Joseph J. Corasanti   Mgmt   For   For
Elect Director Bruce F. Daniels   Mgmt   For   For
Elect Director Jo Ann Golden   Mgmt   For   For
Elect Director Stephen M. Mandia   Mgmt   For   For
Elect Director Stuart J. Schwartz   Mgmt   For   For
Elect Director Mark E. Tryniski   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NUS    21-May-12    USA    67018T105    Annual    05-Apr-12

 

CUSIP: 67018T105    ISIN: US67018T1051    SEDOL: 2616870

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nevin N. Andersen   Mgmt   For   For
Elect Director Daniel W. Campbell   Mgmt   For   For
Elect Director M. Truman Hunt   Mgmt   For   For
Elect Director Andrew D. Lipman   Mgmt   For   For
Elect Director Steven J. Lund   Mgmt   For   For
Elect Director Patricia A. Negron   Mgmt   For   For
Elect Director Neil H. Offen   Mgmt   For   For
Elect Director Thomas R. Pisano   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Onyx Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ONXX    21-May-12    USA    683399109    Annual    22-Mar-12

 

CUSIP: 683399109    ISIN: US6833991093    SEDOL: 2656069

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul Goddard   Mgmt   For   For
Elect Director Antonio J. Grillo-Lopez   Mgmt   For   For
Elect Director Wendell Wierenga   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ViroPharma Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VPHM    21-May-12    USA    928241108    Annual    02-Apr-12

 

CUSIP: 928241108    ISIN: US9282411084    SEDOL: 2945660

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Michael R. Dougherty   Mgmt   For   For
Elect Director Robert J. Glaser   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

CARBO Ceramics Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CRR    22-May-12    USA    140781105    Annual    26-Mar-12

 

CUSIP: 140781105    ISIN: US1407811058    SEDOL: 2238821

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sigmund L. Cornelius   Mgmt   For   For
Elect Director James B. Jennings   Mgmt   For   For
Elect Director Gary A. Kolstad   Mgmt   For   For
Elect Director H. E. Lentz, Jr.   Mgmt   For   For
Elect Director Randy L. Limbacher   Mgmt   For   For
Elect Director William C. Morris   Mgmt   For   For
Elect Director Robert S. Rubin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cymer, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CYMI    22-May-12    USA    232572107    Annual    26-Mar-12

 

CUSIP: 232572107    ISIN: US2325721072    SEDOL: 2192284

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles J. Abbe   Mgmt   For   For
Elect Director Robert P. Akins   Mgmt   For   For
Elect Director Edward H. Braun   Mgmt   For   For
Elect Director Michael R. Gaulke   Mgmt   For   For
Elect Director William G. Oldham   Mgmt   For   For
Elect Director Eric M. Ruttenberg   Mgmt   For   For
Elect Director Peter J. Simone   Mgmt   For   For
Elect Director Young K. Sohn   Mgmt   For   For
Elect Director Jon D. Tompkins   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.      

Genesee & Wyoming Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GWR    22-May-12    USA    371559105    Annual    02-Apr-12

 

CUSIP: 371559105    ISIN: US3715591059    SEDOL: 2374060

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard H. Allert   Mgmt   For   For
Elect Director Michael Norkus   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Merck & Co., Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRK    22-May-12    USA    58933Y105    Annual    23-Mar-12

 

CUSIP: 58933Y105    ISIN: US58933Y1055    SEDOL: 2778844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leslie A. Brun   Mgmt   For   For
Elect Director Thomas R. Cech   Mgmt   For   For
Elect Director Kenneth C. Frazier   Mgmt   For   For
Elect Director Thomas H. Glocer   Mgmt   For   For
Elect Director William B. Harrison Jr.   Mgmt   For   For
Elect Director C. Robert Kidder   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director Carlos E. Represas   Mgmt   For   For
Elect Director Patricia F. Russo   Mgmt   For   For
Elect Director Craig B. Thompson   Mgmt   For   For
Elect Director Wendell P. Weeks   Mgmt   For   For
Elect Director Peter C. Wendell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Amend Bylaws – Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Report on Charitable and Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. This proposal does not provide shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

MFA Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFA    22-May-12    USA    55272X102    Annual    26-Mar-12

 

CUSIP: 55272X102    ISIN: US55272X1028    SEDOL: 2418162

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael L. Dahir   Mgmt   For   For
Elect Director Robin Josephs   Mgmt   For   For
Elect Director George H. Krauss   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Navigant Consulting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCI    22-May-12    USA    63935N107    Annual    26-Mar-12

 

CUSIP: 63935N107    ISIN: US63935N1072    SEDOL: 2564797

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Gildehaus   Mgmt   For   For
Elect Director Cynthia A. Glassman   Mgmt   For   For
Elect Director Peter B. Pond   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s reasoning, the board of directors has shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ODFL    22-May-12    USA    679580100    Annual    16-Mar-12

 

CUSIP: 679580100    ISIN: US6795801009    SEDOL: 2656423

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Earl E. Congdon   Mgmt   For   For
Elect Director David S. Congdon   Mgmt   For   For
Elect Director John R. Congdon   Mgmt   For   For
Elect Director J. Paul Breitbach   Mgmt   For   For
Elect Director John R. Congdon, Jr.   Mgmt   For   For
Elect Director Robert G. Culp, III   Mgmt   For   For
Elect Director John D. Kasarda   Mgmt   For   For
Elect Director Leo H. Suggs   Mgmt   For   For
Elect Director D. Michael Wray   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: The board of directors have shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Omnicell, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OMCL    22-May-12    USA    68213N109    Annual    29-Mar-12

 

CUSIP: 68213N109    ISIN: US68213N1090    SEDOL: 2789523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall A. Lipps   Mgmt   For   For
Elect Director Joseph E. Whitters   Mgmt   For   For
Elect Director Vance B. Moore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Omnicell, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Royal Dutch Shell plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDSB    22-May-12    United Kingdom    G7690A118    Annual    18-May-12

 

CUSIP: G7690A118    ISIN: GB00B03MM408    SEDOL: B03MM40

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Sir Nigel Sheinwald as Director   Mgmt   For   For
Re-elect Josef Ackermann as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Simon Henry as Director   Mgmt   For   For
Re-elect Charles Holliday as Director   Mgmt   For   For
Re-elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Jorma Ollila as Director   Mgmt   For   For
Re-elect Linda Stuntz as Director   Mgmt   For   For
Re-elect Jeroen van der Veer as Director   Mgmt   For   For
Re-elect Peter Voser as Director   Mgmt   For   For
Re-elect Hans Wijers as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For

Societe Generale

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLE    22-May-12    France    F43638141    Annual/Special    16-May-12

 

CUSIP: F43638141    ISIN: FR0000130809    SEDOL: 5966516

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and and Absence of Dividends   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Non Compete Agreement with Frederic Oudea   Mgmt   For   Against
Policy Rationale: TDAM opposes this proposal as Frédéric Oudéa is entitled to receive his indemnity compensating the non-compete agreement (duration and indemnification of which are extended to 18 months) while simultaneously receiving his indemnity compensating the loss of the additional pension scheme from which he previously benefited (a gross amount of EUR 300,000 per year).
Reelect Michel Cicurel as Director   Mgmt   For   For
Reelect Nathalie Rachou as Director   Mgmt   For   For
Elect Yann Delabriere as Director   Mgmt   For   For
Elect Thierry Martel as Director   Mgmt   For   For
Appoint Ernst and Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Deloitte et Associes as Auditor   Mgmt   For   For
Appoint Picarle et Associes as Alternate Auditor   Mgmt   For   For
Appoint Beas as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 5 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 485 Million; and/or Capitalization of Reserves of up to EUR 550 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 145 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 2 Billion   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, potential dilution is at least 10.24%
Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Performance Condition for Restricted Share Plan Adopted on Novembre 2, 2010   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Shareholder Proposal   Mgmt    
Adopt Two-Tiered Board Structure   SH   Against   For
Voter Rationale: In line with ISS’s reasoning, this proposal is consistent with corporate governance best practices.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Southwestern Energy Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWN    22-May-12    USA    845467109    Annual    30-Mar-12

 

CUSIP: 845467109    ISIN: US8454671095    SEDOL: 2828619

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lewis E. Epley, Jr.   Mgmt   For   For
Elect Director Robert L. Howard   Mgmt   For   For
Elect Director Catherine A. Kehr   Mgmt   For   For
Elect Director Greg D. Kerley   Mgmt   For   For
Elect Director Harold M. Korell   Mgmt   For   For
Elect Director Vello A. Kuuskraa   Mgmt   For   For
Elect Director Kenneth R. Mourton   Mgmt   For   For

Southwestern Energy Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven L. Mueller   Mgmt   For   For
Elect Director Charles E. Scharlau   Mgmt   For   For
Elect Director Alan H. Stevens   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation programs and policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

The Allstate Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALL    22-May-12    USA    020002101    Annual    23-Mar-12

 

CUSIP: 020002101    ISIN: US0200021014    SEDOL: 2019952

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Robert D. Beyer   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Jack M. Greenberg   Mgmt   For   For
Elect Director Ronald T. LeMay   Mgmt   For   For
Elect Director Andrea Redmond   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Elect Director John W. Rowe   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Judith A. Sprieser   Mgmt   For   For
Elect Director Mary Alice Taylor   Mgmt   For   For
Elect Director Thomas J. Wilson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Allstate Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Provide Right to Act by Written Consent   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For

Voter Rationale: In line with management and ISS reasoning, this proposal will increase shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

Amgen Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMGN    23-May-12    USA    031162100    Annual    26-Mar-12

 

CUSIP: 031162100    ISIN: US0311621009    SEDOL: 2023607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Baltimore   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 59.5 percent of votes cast at the 2009 AGM. Following this, the board adopted an amendment to the bylaws, which also includes certain problematic clauses designed to prevent such meetings, giving the holders of 15 percent of the company’s outstanding common stock the right to call a special meeting. To date, the company has taken no further action to fully implement the majority supported resolution. Accordingly, TDAM will oppose the members of the board’s and Governance and Nominating Committee.
Elect Director Frank J. Biondi, Jr.   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Francois De Carbonnel   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vance D. Coffman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rebecca M. Henderson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Herringer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Tyler Jacks   Mgmt   For   For

Elect Director Gilbert S. Omenn   Mgmt   For   For
Elect Director Judith C. Pelham   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Elect Director Leonard D. Schaeffer   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this item as the board has appointed an independent lead director and has a corporate governance/nomination committee composed entirely of independent directors .
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Limit CEO to Serving on only One Other Board   SH   Against   Against
Voter Rationale: The company’s current policy on this issue effectively addresses the shareholder’s concerns. The company’s current policy does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AvalonBay Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AVB    23-May-12    USA    053484101    Annual    09-Mar-12

 

CUSIP: 053484101    ISIN: US0534841012    SEDOL: 2131179

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bryce Blair   Mgmt   For   For
Elect Director Alan B. Buckelew   Mgmt   For   For
Elect Director Bruce A. Choate   Mgmt   For   For
Elect Director John J. Healy, Jr.   Mgmt   For   For
Elect Director Timothy J. Naughton   Mgmt   For   For
Elect Director Lance R. Primis   Mgmt   For   For

Elect Director Peter S. Rummell   Mgmt   For   For
Elect Director H. Jay Sarles   Mgmt   For   For
Elect Director W. Edward Walter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM supports this proposal in light of the benefit to shareholders of more comprehensive disclosure of company sustainability-related metrics and goals.

BNP Paribas SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BNP    23-May-12    France    F1058Q238    Annual/Special    17-May-12

 

CUSIP: F1058Q238    ISIN: FR0000131104    SEDOL: 7309681

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For

BNP Paribas SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Renew Appointments of Deloitte & Associes as Auditor and Beas as Alternate Auditor   Mgmt   For   For
Renew Appointments of Mazars as Auditor and Michel Barbet Massin as Alternate Auditor   Mgmt   For   For
Renew Appointment of PricewaterhouseCoopers as Auditors and Elect Anik Chaumartin as Alternate Auditor   Mgmt   For   For
Reelect Denis Kessler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Reelect Laurence Parisot as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   Against

Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Elect Pierre Andre de Chalendar as Director   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 350 Million   Mgmt   For   For
Authorize Capital Increase of Up to EUR 350 Million for Future Exchange Offers   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 14 to 16 at EUR 350 Million   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 13 to 16 at EUR 1 Billion   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Kraft Foods Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KFT    23-May-12    USA    50075N104    Annual    15-Mar-12

 

CUSIP: 50075N104    ISIN: US50075N1046    SEDOL: 2764296

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Myra M. Hart   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 53.1 percent of votes cast at the 2010 AGM. The board did not take action to adopt written consent and has yet to implement this resolution. Accordingly, TDAM will opose the elections of Hart, Henry, Juliber, and Boxmeer, who serve on the Nominating and Governance committee of the board.
Elect Director Peter B. Henry   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Lois D. Juliber   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mark D. Ketchum   Mgmt   For   For

Elect Director Terry J. Lundgren   Mgmt   For   For
Elect Director Mackey J. McDonald   Mgmt   For   For
Elect Director Jorge S. Mesquita   Mgmt   For   For
Elect Director John C. Pope   Mgmt   For   For
Elect Director Fredric G. Reynolds   Mgmt   For   For
Elect Director Irene B. Rosenfeld   Mgmt   For   For
Elect Director Jean-François M.L. van Boxmeer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Voter Rationale: This is a routine resolution which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Supply Chain and Deforestation   SH   Against   For
Voter Rationale: The company currently does not provide adequate disclosure on the impact of its soya, beef, and sugar purchasing on deforestation risk. Additional disclosure would provide shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Kraft Foods Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Adopting Extended Producer Responsibility Policy   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because shareholders would benefit from additional information regarding the company’s current packaging reduction and recycling initiatives.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Southern Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SO    23-May-12    USA    842587107    Annual    26-Mar-12

 

CUSIP: 842587107    ISIN: US8425871071    SEDOL: 2829601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Juanita Powell Baranco   Mgmt   For   For
Elect Director Jon A. Boscia   Mgmt   For   For

Elect Director Henry A. Clark, III   Mgmt   For   For
Elect Director Thomas A. Fanning   Mgmt   For   For
Elect Director H. William Habermeyer, Jr.   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Warren A. Hood, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Dale E. Klein   Mgmt   For   For
Elect Director William G. Smith, Jr.   Mgmt   For   For
Elect Director Steven R. Specker   Mgmt   For   For
Elect Director Larry D. Thompson   Mgmt   For   For
Elect Director E. Jenner Wood, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Southern Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Coal Combustion Waste Hazard and Risk Mitigation Efforts   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted in light of the benefit of increased company disclosure in enabling shareholders to assess the company’s coal combustion waste management and disposal practices, and the potential impacts of anticipated governmental regulation.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Thermo Fisher Scientific Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TMO    23-May-12    USA    883556102    Annual    26-Mar-12

 

CUSIP: 883556102    ISIN: US8835561023    SEDOL: 2886907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director Judy C. Lewent   Mgmt   For   For
Elect Director Jim P. Manzi   Mgmt   For   For
Elect Director Lars R. Sorensen   Mgmt   For   For

Elect Director Elaine S. Ullian   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Westlake Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WLK    23-May-12    USA    960413102    Annual    05-Apr-12

 

CUSIP: 960413102    ISIN: US9604131022    SEDOL: B01ZP20

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James Chao   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For

Westlake Chemical Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Alexander’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALX    24-May-12    USA    014752109    Annual    30-Mar-12

 

CUSIP: 014752109    ISIN: US0147521092    SEDOL: 2014021

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Mandelbaum   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Arthur I. Sonnenblick   Mgmt   For   For
Elect Director Richard R. West   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Amazon.com, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMZN    24-May-12    USA    023135106    Annual    02-Apr-12

 

CUSIP: 023135106    ISIN: US0231351067    SEDOL: 2000019

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey P. Bezos   Mgmt   For   For
Elect Director Tom A. Alberg   Mgmt   For   For
Elect Director John Seely Brown   Mgmt   For   For
Elect Director William B. Gordon   Mgmt   For   For
Elect Director Jamie S. Gorelick   Mgmt   For   For
Elect Director Blake G. Krikorian   Mgmt   For   For
Elect Director Alain Monie   Mgmt   For   For
Elect Director Jonathan J. Rubinstein   Mgmt   For   For

Amazon.com, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas O. Ryder   Mgmt   For   For
Elect Director Patricia Q. Stonesifer   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Report on Climate Change   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as shareholders could benefit from more detailed disclosure on the company’s overall climate change strategies and initiatives, which may add strategic and reputational value given the potential shifts in the regulatory environment, interpretive guidance from the SEC on climate change disclosure, and the trend towards corporate adoption and disclosure of climate change strategies.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

Cash America International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSH    24-May-12    USA    14754D100    Annual    27-Mar-12

 

CUSIP: 14754D100    ISIN: US14754D1000    SEDOL: 2179425

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Daniel E. Berce   Mgmt   For   For
Elect Director Jack R. Daugherty   Mgmt   For   For
Elect Director Daniel R. Feehan   Mgmt   For   For
Elect Director Albert Goldstein   Mgmt   For   For
Elect Director James H. Graves   Mgmt   For   For
Elect Director B.d. Hunter   Mgmt   For   For
Elect Director Timothy J. McKibben   Mgmt   For   For
Elect Director Alfred M. Micallef   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cash America International, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Executive Incentive Bonus Plan   Mgmt   For   For

Deckers Outdoor Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DECK    24-May-12    USA    243537107    Annual    04-Apr-12

 

CUSIP: 243537107    ISIN: US2435371073    SEDOL: 2267278

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angel R. Martinez   Mgmt   For   For
Elect Director Rex A. Licklider   Mgmt   For   For
Elect Director John M. Gibbons   Mgmt   For   For
Elect Director John G. Perenchio   Mgmt   For   For
Elect Director Maureen Conners   Mgmt   For   For
Elect Director Karyn O. Barsa   Mgmt   For   For
Elect Director Michael F. Devine, III   Mgmt   For   For
Elect Director James Quinn   Mgmt   For   For
Elect Director Lauri Shanahan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Deltek, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PROJ    24-May-12    USA    24784L105    Annual    02-Apr-12

 

CUSIP: 24784L105    ISIN: US24784L1052    SEDOL: B28PX89

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Edward R. Grubb   Mgmt   For   For

Deltek, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph M. Kampf   Mgmt   For   For
Elect Director Steven B. Klinsky   Mgmt   For   For
Elect Director Thomas M. Manley   Mgmt   For   For
Elect Director Albert A. Notini   Mgmt   For   For
Elect Director Kevin T. Parker   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Janet R. Perna   Mgmt   For   For
Elect Director Alok Singh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Deutsche Telekom AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DTE    24-May-12    Germany    D2035M136    Annual   

 

CUSIP: D2035M136    ISIN: DE0005557508    SEDOL: 5842359

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.70 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Former Supervisory Board Member   Mgmt   For   For
Klaus Zumwinkel for Fiscal 2008      
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Elect Hans Bernhard Beus to the Supervisory Board   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Dagmar Kollmann to the Supervisory Board   Mgmt   For   For

Deutsche Telekom AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Lawrence Guffey to the Supervisory Board   Mgmt   For   For
Approve Affiliation Agreements with Subsidiary Scout24 Holding GmbH   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1.1   Mgmt   For   For

Drew Industries Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DW    24-May-12    USA    26168L205    Annual    28-Mar-12

 

CUSIP: 26168L205    ISIN: US26168L2051    SEDOL: 2280695

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward W. Rose, III   Mgmt   For   For
Elect Director Leigh J. Abrams   Mgmt   For   For
Elect Director Fredric M. Zinn   Mgmt   For   For
Elect Director James F. Gero   Mgmt   For   For
Elect Director Frederick B. Hegi, Jr.   Mgmt   For   For
Elect Director David A. Reed   Mgmt   For   For
Elect Director John B. Lowe, Jr.   Mgmt   For   For
Elect Director Jason D. Lippert   Mgmt   For   For
Elect Director Brendan J. Deely   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Endeavour International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
END    24-May-12    USA    29259G200    Annual    30-Mar-12

 

CUSIP: 29259G200    ISIN: US29259G2003    SEDOL: 2955409

Endeavour International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Nancy K. Quinn   Mgmt   For   For
Elect Director John N. Seitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Hecla Mining Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HL    24-May-12    USA    422704106    Annual    23-Mar-12

 

CUSIP: 422704106    ISIN: US4227041062    SEDOL: 2418601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George R. Nethercutt Jr   Mgmt   For   For
Elect Director John H. Bowles   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Restricted Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

HFF, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HF    24-May-12    USA    40418F108    Annual    13-Apr-12

 

CUSIP: 40418F108    ISIN: US40418F1084    SEDOL: B1Q1RT1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan P. McGalla   Mgmt   For   For
Elect Director Lenore M. Sullivan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

HFF, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

McDonald’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCD    24-May-12    USA    580135101    Annual    27-Mar-12

 

CUSIP: 580135101    ISIN: US5801351017    SEDOL: 2550707

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Eckert   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Jeanne P. Jackson   Mgmt   For   For
Elect Director Andrew J. Mckenna   Mgmt   For   For
Elect Director Donald Thompson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Policy Responses to Children’s Health Concerns and Fast Food   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Mid-America Apartment Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MAA    24-May-12    USA    59522J103    Annual    16-Mar-12

 

CUSIP: 59522J103    ISIN: US59522J1034    SEDOL: 2589132

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Eric Bolton, Jr.   Mgmt   For   For
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John S. Grinalds   Mgmt   For   For
Elect Director Ralph Horn   Mgmt   For   For
Elect Director Philip W. Norwood   Mgmt   For   For
Elect Director W. Reid Sanders   Mgmt   For   For
Elect Director William B. Sansom   Mgmt   For   For
Elect Director Gary Shorb   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

National Retail Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NNN    24-May-12    USA    637417106    Annual    26-Mar-12

 

CUSIP: 637417106    ISIN: US6374171063    SEDOL: 2211811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Don DeFosset   Mgmt   For   For
Elect Director David M. Fick   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director Kevin B. Habicht   Mgmt   For   For
Elect Director Richard B. Jennings   Mgmt   For   For
Elect Director Ted B. Lanier   Mgmt   For   For
Elect Director Robert C. Legler   Mgmt   For   For
Elect Director Craig Macnab   Mgmt   For   For

National Retail Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert Martinez   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RRGB    24-May-12    USA    75689M101    Annual    26-Mar-12

 

CUSIP: 75689M101    ISIN: US75689M1018    SEDOL: 2966144

 

  Proponent   Mgmt Rec   Vote Instruction
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Elect Director Robert B. Aiken   Mgmt   For   For
Elect Director Richard J. Howell   Mgmt   For   For
Elect Director James T. Rothe   Mgmt   For   For
Elect Director J. Taylor Simonton   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GS    24-May-12    USA    38141G104    Annual    26-Mar-12

 

CUSIP: 38141G104    ISIN: US38141G1040    SEDOL: 2407966

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lloyd C. Blankfein   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Gary D. Cohn   Mgmt   For   For
Elect Director Claes Dahlback   Mgmt   For   For
Elect Director Stephen Friedman   Mgmt   For   For
Elect Director William W. George   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Lakshmi N. Mittal   Mgmt   For   For
Elect Director James J. Schiro   Mgmt   For   For
Elect Director Debora L. Spar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Washington Real Estate Investment Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRE    24-May-12    USA    939653101    Annual    15-Mar-12

 

CUSIP: 939653101    ISIN: US9396531017    SEDOL: 2942304

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles T. Nason   Mgmt   For   For
Elect Director Thomas Edgie Russell, III   Mgmt   For   For
Elect Director Anthony L. Winns   Mgmt   For   For

Washington Real Estate Investment Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Xerox Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XRX    24-May-12    USA    984121103    Annual    26-Mar-12

 

CUSIP: 984121103    ISIN: US9841211033    SEDOL: 2985202

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Ursula M. Burns   Mgmt   For   For
Elect Director Richard J. Harrington   Mgmt   For   For
Elect Director William Curt Hunter   Mgmt   For   For
Elect Director Robert J. Keegan   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Elect Director Sara Martinez Tucker   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

HSBC Holdings plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HSBA    25-May-12    United Kingdom    G4634U169    Annual    24-May-12

 

CUSIP: G4634U169    ISIN: GB0005405286    SEDOL: 0540528

HSBC Holdings plc

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Safra Catz as Director   Mgmt   For   For
Re-elect Laura Cha as Director   Mgmt   For   For
Re-elect Marvin Cheung as Director   Mgmt   For   For
Re-elect John Coombe as Director   Mgmt   For   For
Elect Joachim Faber as Director   Mgmt   For   For
Re-elect Rona Fairhead as Director   Mgmt   For   For
Re-elect Douglas Flint as Director   Mgmt   For   For
Re-elect Alexander Flockhart as Director   Mgmt   For   For
Re-elect Stuart Gulliver as Director   Mgmt   For   For
Re-elect James Hughes-Hallett as Director   Mgmt   For   For
Re-elect William Laidlaw as Director   Mgmt   For   For
Elect John Lipsky as Director   Mgmt   For   For
Re-elect Janis Lomax as Director   Mgmt   For   For
Re-elect Iain Mackay as Director   Mgmt   For   For
Re-elect Nagavara Murthy as Director   Mgmt   For   For
Re-elect Sir Simon Robertson as Director   Mgmt   For   For
Re-elect John Thornton as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Scrip Dividend Program   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Hutchison Whampoa Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
00013    25-May-12    Hong Kong    Y38024108    Annual    21-May-12

 

CUSIP: Y38024108    ISIN: HK0013000119    SEDOL: 6448068

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reelect Li Ka-shing as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Chow Woo Mo Fong, Susan as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Lai Kai Ming, Dominic as Director   Mgmt   For   Against

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Reelect Michael David Kadoorie as Director   Mgmt   For   For
Reelect Margaret Leung Ko May Yee as Director   Mgmt   For   Against

Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Appoint Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights   Mgmt   For   Against
Policy Rationale: Many Hong Kong companies have abused share issuance authorities. In the absence of language restricting both discounts and the authority to refresh the share issuance amounts without prior shareholder approval, TDAM opposes this item.
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Reissuance of Repurchased Shares   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the company has not specified discount limits for the issuance of shares without preemptive rights.
Amend Articles of Association   Mgmt   For   For

Watsco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSO    25-May-12    USA    942622200    Annual    05-Apr-12

 

CUSIP: 942622200    ISIN: US9426222009    SEDOL: 2943039

Watsco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barry S. Logan   Mgmt   For   For
Elect Director Aaron J. Nahmad   Mgmt   For   For
Amend Articles of Incorporation Changing the Director Class from A, B and C to I, II and III   Mgmt   For   For
Voter Rationale: This is an administrative matter which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Silgan Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLGN    29-May-12    USA    827048109    Annual    13-Apr-12

 

CUSIP: 827048109    ISIN: US8270481091    SEDOL: 2809324

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anthony J. Allott   Mgmt   For   For
Elect Director Jeffrey C. Crowe   Mgmt   For   For
Elect Director Edward A. Lapekas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BioMed Realty Trust, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMR    30-May-12    USA    09063H107    Annual    13-Mar-12

 

CUSIP: 09063H107    ISIN: US09063H1077    SEDOL: B02GMQ5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan D. Gold   Mgmt   For   For
Elect Director Barbara R. Cambon   Mgmt   For   For
Elect Director Edward A. Dennis   Mgmt   For   For

BioMed Realty Trust, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard I. Gilchrist   Mgmt   For   For
Elect Director Gary A. Kreitzer   Mgmt   For   For
Elect Director Theodore D. Roth   Mgmt   For   For
Elect Director M. Faye Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVX    30-May-12    USA    166764100    Annual    04-Apr-12

 

CUSIP: 166764100    ISIN: US1667641005    SEDOL: 2838555

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Linnet F. Deily   Mgmt   For   For
Elect Director Robert E. Denham   Mgmt   For   For
Elect Director Chuck Hagel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director George L. Kirkland   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Elect Director Carl Ware   Mgmt   For   For
Elect Director John S. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

    Proponent   Mgmt Rec   Vote Instruction
Remove Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the removal of the exclusive venue provision will increase shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Adopt Guidelines for Country Selection   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as Chevron does not disclose policies governing its decision-making process to invest or operate in politically or socially unstable markets, and the company has business ties to countries with histories of political instability and human rights issues.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  
Report on Accident Risk Reduction Efforts   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Amend Articles/Bylaws/Charter - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evalute this item on a case-by-case basis.      

Exxon Mobil Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XOM    30-May-12    USA    30231G102    Annual    04-Apr-12

 

CUSIP: 30231G102    ISIN: US30231G1022    SEDOL: 2326618

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M.J. Boskin   Mgmt   For   For
Elect Director P. Brabeck-Letmathe   Mgmt   For   For
Elect Director L.R. Faulkner   Mgmt   For   For
Elect Director J.S. Fishman   Mgmt   For   For
Elect Director H.H. Fore   Mgmt   For   For
Elect Director K.C. Frazier   Mgmt   For   For
Elect Director W.W. George   Mgmt   For   For
Elect Director S.J. Palmisano   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.W. Tillerson   Mgmt   For   For
Elect Director E.E. Whitacre, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS’s reasoning, as incentives are not adequately linked to performance criteria and compensation policy disclosure lacks pertinent details for shareholders to make an informed decision.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as ExxonMobil does not provide comprehensive goals for its operational GHG emissions or metrics and/or goals for its products. There is potential strategic and reputational value in performing the requested assessments and establishing appropriate GHG reduction goals given the increasing trend towards enhanced and publicly available corporate climate change strategies.

Incyte Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INCY    30-May-12    USA    45337C102    Annual    10-Apr-12

 

CUSIP: 45337C102    ISIN: US45337C1027    SEDOL: 2471950

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard U. De Schutter   Mgmt   For   For
Elect Director Barry M. Ariko   Mgmt   For   For
Elect Director Julian C. Baker   Mgmt   For   For
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Wendy L. Dixon   Mgmt   For   For
Elect Director Paul A. Friedman   Mgmt   For   For
Elect Director Roy A. Whitfield   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Mentor Graphics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MENT    30-May-12    USA    587200106    Annual    09-Apr-12

 

CUSIP: 587200106    ISIN: US5872001061    SEDOL: 2578033

Mentor Graphics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith L. Barnes   Mgmt   For   For
Elect Director Peter L. Bonfield   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Gregory K. Hinckley   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director J. Daniel McCranie   Mgmt   For   For
Elect Director Kevin C. McDonough   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Patrick B. McManus   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Walden C. Rhines   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director David S. Schechter   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Post Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPS    30-May-12    USA    737464107    Annual    28-Mar-12

 

CUSIP: 737464107    ISIN: US7374641071    SEDOL: 2705262

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Goddard, III   Mgmt   For   For
Elect Director David P. Stockert   Mgmt   For   For
Elect Director Herschel M. Bloom   Mgmt   For   For
Elect Director Walter M. Deriso, Jr.   Mgmt   For   For

Post Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Russell R. French   Mgmt   For   For
Elect Director Dale Anne Reiss   Mgmt   For   For
Elect Director Stella F. Thayer   Mgmt   For   For
Elect Director Ronald de Waal   Mgmt   For   For
Elect Director Donald C. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Riverbed Technology, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RVBD    30-May-12    USA    768573107    Annual    02-Apr-12

 

CUSIP: 768573107    ISIN: US7685731074    SEDOL: B1FH886

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael Boustridge   Mgmt   For   For
Elect Director Jerry M. Kennelly   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Saks Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKS    30-May-12    USA    79377W108    Annual    03-Apr-12

 

CUSIP: 79377W108    ISIN: US79377W1080    SEDOL: 2704786

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert B. Carter   Mgmt   For   For
Elect Director Michael S. Gross   Mgmt   For   For
Elect Director Donald E. Hess   Mgmt   For   For

Saks Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marguerite W. Kondracke   Mgmt   For   For
Elect Director Jerry W. Levin   Mgmt   For   For
Elect Director Nora P. McAniff   Mgmt   For   For
Elect Director Stephen I. Sadove   Mgmt   For   For
Elect Director Jack L. Stahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

Comcast Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CMCSA    31-May-12    USA    20030N101    Annual    22-Mar-12

 

CUSIP: 20030N101    ISIN: US20030N1019    SEDOL: 2044545

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth J. Bacon   Mgmt   For   For
Elect Director Sheldon M. Bonovitz   Mgmt   For   For
Elect Director Joseph J. Collins   Mgmt   For   For
Elect Director J. Michael Cook   Mgmt   For   For
Elect Director Gerald L. Hassell   Mgmt   For   For
Elect Director Jeffrey A. Honickman   Mgmt   For   For
Elect Director Eduardo G. Mestre   Mgmt   For   For
Elect Director Brian L. Roberts   Mgmt   For   For
Elect Director Ralph J. Roberts   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Comcast Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Restore or Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share ownership and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote   SH   Against   For
Policy Rationale: TDAM supports this proposal because shareholders should have the right to opine on and/or remove the company’s poison pill and approve any future pill.

Deutsche Bank AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DBK    31-May-12    Germany    D18190898    Annual   

 

CUSIP: D18190898    ISIN: DE0005140008    SEDOL: 5750355

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.75 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Deutsche Bank AG

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Peter Loescher to the Supervisory Board   Mgmt   For   For
Elect Klaus Ruediger Truetzschler to the Supervisory Board   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 9 Billion; Approve Creation of EUR 230.4 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis

Healthways, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HWAY    31-May-12    USA    422245100    Annual    04-Apr-12

 

CUSIP: 422245100    ISIN: US4222451001    SEDOL: 2026059

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin G. Wills   Mgmt   For   For
Elect Director Jay C. Bisgard   Mgmt   For   For
Elect Director Mary Jane England   Mgmt   For   For
Elect Director John A. Wickens   Mgmt   For   For
Elect Director William D. Novelli   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Molycorp Inc (DE)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCP    31-May-12    USA    608753109    Annual    03-Apr-12

 

CUSIP: 608753109    ISIN: US6087531090    SEDOL: B458HM7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brian T. Dolan   Mgmt   For   For
Elect Director John Graell   Mgmt   For   For
Elect Director Mark A. Smith   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ulta Salon, Cosmetics & Fragrance, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULTA    31-May-12    USA    90384S303    Annual    02-Apr-12

 

CUSIP: 90384S303    ISIN: US90384S3031    SEDOL: B28TS42

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert F. DiRomualdo   Mgmt   For   For
Elect Director Catherine A. Halligan   Mgmt   For   For
Elect Director Lorna E. Nagler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

United Online, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNTD    31-May-12    USA    911268100    Annual    04-Apr-12

 

CUSIP: 911268100    ISIN: US9112681005    SEDOL: 2801126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James T. Armstrong   Mgmt   For   For

United Online, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis Holt   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. No pay-for-performance disconnected noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Titan Machinery Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TITN    01-Jun-12    USA    88830R101    Annual    06-Apr-12

 

CUSIP: 88830R101    ISIN: US88830R1014    SEDOL: B29H3T5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Christianson   Mgmt   For   For
Elect Director James Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Vulcan Materials Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VMC    01-Jun-12    USA    929160109    Proxy Contest    20-Apr-12

 

CUSIP: 929160109    ISIN: US9291601097    SEDOL: 2931205

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proxy (White Card)   Mgmt    

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Phillip W. Farmer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the declassification of the board received the support of 65 percent of votes cast at the previous AGM. To date, the board has not implemented the majority supported resolution. Consequently, TDAM would normally oppose the elections of Farmer, Korologos, Prokopanko, and Rice, as they serve on the Governance committee of the board. However, given the classified board structure, only two of these directors are proposed for election at this year’s annual meeting.
Elect Director H. Allen Franklin   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director Donald B. Rice   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.  
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.
Dissident Proxy (Blue Card)   Mgmt    
Elect Director Philip R. Lochner, Jr   SH   For   Do Not Vote
Policy Rationale: Dissident Proxy Items 1.1-6: The Delaware Chancery Court ruled on May 4th ruled that Martin Marietta could not proceed with its exchange offer or its proxy contest. Votes cast on the Dissident’s Blue proxy card may not be counted.
Elect Director Edward W. Moneypenny   SH   For   Do Not Vote
Elect Director Karen R. Osar   SH   For   Do Not Vote
Elect Director V. James Sardo   SH   For   Do Not Vote
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   None   Do Not Vote
Ratify Auditors   Mgmt   None   Do Not Vote
Require a Majority Vote for the Election of Directors   SH   None   Do Not Vote
Declassify the Board of Directors   SH   None   Do Not Vote

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Reduce Supermajority Vote Requirement   SH   None   Do Not Vote

Wal-Mart Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WMT    01-Jun-12    USA    931142103    Annual    04-Apr-12

 

CUSIP: 931142103    ISIN: US9311421039    SEDOL: 2936921

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aida M. Alvarez   Mgmt   For   For
Elect Director James W. Breyer   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Roger C. Corbett   Mgmt   For   For
Elect Director Douglas N. Daft   Mgmt   For   For
Elect Director Michael T. Duke   Mgmt   For   For
Elect Director Marissa A. Mayer   Mgmt   For   For
Elect Director Gregory B. Penner   Mgmt   For   For
Elect Director Steven S. Reinemund   Mgmt   For   For
Elect Director H. Lee Scott, Jr.   Mgmt   For   For
Elect Director Arne M. Sorenson   Mgmt   For   For
Elect Director Jim C. Walton   Mgmt   For   For
Elect Director S. Robson Walton   Mgmt   For   For
Elect Director Christopher J. Williams   Mgmt   For   For
Elect Director Linda S. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

Wal-Mart Stores, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Request Director Nominee with Patient Safety and Healthcare Quality Experience   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Performance-Based Equity Awards   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation policies effectively align executive performance with shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Catalyst Health Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHSI    04-Jun-12    USA    14888B103    Annual    09-Apr-12

 

CUSIP: 14888B103    ISIN: US14888B1035    SEDOL: 2507781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven B. Epstein   Mgmt   For   For
Elect Director Michael R. McDonnell   Mgmt   For   For
Elect Director Dale B. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crocs, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CROX    04-Jun-12    USA    227046109    Annual    09-Apr-12

 

CUSIP: 227046109    ISIN: US2270461096    SEDOL: B0T7Z62

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Frasch   Mgmt   For   For
Elect Director W. Stephen Cannon   Mgmt   For   For

Crocs, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

UnitedHealth Group Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNH    04-Jun-12    USA    91324P102    Annual    05-Apr-12

 

CUSIP: 91324P102    ISIN: US91324P1021    SEDOL: 2917766

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Ballard, Jr.   Mgmt   For   For
Elect Director Richard T. Burke   Mgmt   For   For
Elect Director Robert J. Darretta   Mgmt   For   For
Elect Director Stephen J. Hemsley   Mgmt   For   For
Elect Director Michele J. Hooper   Mgmt   For   For
Elect Director Rodger A. Lawson   Mgmt   For   For
Elect Director Douglas W. Leatherdale   Mgmt   For   For
Elect Director Glenn M. Renwick   Mgmt   For   For
Elect Director Kenneth I. Shine   Mgmt   For   For
Elect Director Gail R. Wilensky   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

AboveNet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABVT    05-Jun-12    USA    00374N107    Special    30-Apr-12

 

CUSIP: 00374N107    ISIN: US00374N1072    SEDOL: 2810393

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.
Advisory Vote on Golden Parachutes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it offends TDAM’s proxy policy regarding excessive Golden Parachutes.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.

Epiq Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPIQ    05-Jun-12    USA    26882D109    Annual    02-Apr-12

 

CUSIP: 26882D109    ISIN: US26882D1090    SEDOL: 2371339

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tom W. Olofson   Mgmt   For   For
Elect Director Christopher E. Olofson   Mgmt   For   For
Elect Director W. Bryan Satterlee   Mgmt   For   For
Elect Director Edward M. Connolly, Jr.   Mgmt   For   For
Elect Director James A. Byrnes   Mgmt   For   For
Elect Director Joel Pelofsky   Mgmt   For   For
Elect Director Charles C. Connely, IV   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Epiq Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. The granting of options is related to specified performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      

France Telecom

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTE    05-Jun-12    France    F4113C103    Annual/Special    30-May-12

 

CUSIP: F4113C103    ISIN: FR0000133308    SEDOL: 5176177

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Management Proposals   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.40 per Share   Mgmt   For   For
Employee Shareholders Proposals   Mgmt    
Amendment to Item 3 Above: Approve Dividends of EUR 1 (instead of EUR 1.40) per Share   SH   Against   Against
Voter Rationale: A vote agains this shareholder proposal is warranted, as it adversely impacts shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Management Proposals   Mgmt    
Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of Transactions   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Jose Luis Duran as Director   Mgmt   For   For
Reelect Charles Henri Filippi as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Ratify Change of Registered Office to 78, Rue Olivier de Serres, 75015 Paris   Mgmt   For   For

France Telecom

 

  Proponent   Mgmt Rec   Vote Instruction
Extraordinary Business   Mgmt    
Amend Article 9 of Bylaws Re: Shareholding Disclosure Requirements   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as this amendment would require shorter notices, which would unnecessarily increase the burden of the notification process for shareholders.
Remove Paragraphs 3 and 4 of Article 16 Re: Board Powers   Mgmt   For   For
Amend Article 21 of Bylaws Re: Proxy Voting, Electronic Vote, Convening of General Meeting, Shareholders Proposals   Mgmt   For   For
Authorize Capital Increase of up to EUR 25 Million to Holders of Orange SA Stock Options or Shares in Connection with France Telecom Liquidity Agreement   Mgmt   For   For
Authorize up to EUR 250,000 for Issuance of Free Option-Based Liquidity Instruments Reserved for Holders of Orange SA Stock Options Benefiting from a Liquidity Agreement   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

IPG Photonics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IPGP    05-Jun-12    USA    44980X109    Annual    09-Apr-12

 

CUSIP: 44980X109    ISIN: US44980X1090    SEDOL: 2698782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Valentin P. Gapontsev   Mgmt   For   For
Elect Director Eugene Scherbakov   Mgmt   For   For
Elect Director Igor Samartsev   Mgmt   For   For
Elect Director Robert A. Blair   Mgmt   For   For
Elect Director Michael C. Child   Mgmt   For   For
Elect Director Michael R. Kampfe   Mgmt   For   For
Elect Director Henry E. Gauthier   Mgmt   For   For

IPG Photonics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Hurley   Mgmt   For   For
Elect Director William F. Krupke   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

MasterCard Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MA    05-Jun-12    USA    57636Q104    Annual    10-Apr-12

 

CUSIP: 57636Q104    ISIN: US57636Q1040    SEDOL: B121557

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ajay Banga   Mgmt   For   For
Elect Director David R. Carlucci   Mgmt   For   For
Elect Director Steven J. Freiberg   Mgmt   For   For
Elect Director Richard Haythornthwaite   Mgmt   For   For
Elect Director Marc Olivie   Mgmt   For   For
Elect Director Rima Qureshi   Mgmt   For   For
Elect Director Mark Schwartz   Mgmt   For   For
Elect Director Jackson P. Tai   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Ratify Auditors   Mgmt   For   For

Cabela’s Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAB    06-Jun-12    USA    126804301    Annual    09-Apr-12

 

CUSIP: 126804301    ISIN: US1268043015    SEDOL: B00N2Z7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Theodore M. Armstrong   Mgmt   For   For
Elect Director Richard N. Cabela   Mgmt   For   For
Elect Director James W. Cabela   Mgmt   For   For
Elect Director John H. Edmondson   Mgmt   For   For
Elect Director John Gottschalk   Mgmt   For   For
Elect Director Dennis Highby   Mgmt   For   For
Elect Director Reuben Mark   Mgmt   For   For
Elect Director Michael R. McCarthy   Mgmt   For   For
Elect Director Thomas L. Millner   Mgmt   For   For
Elect Director Beth M. Pritchard   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Sauer-Danfoss Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SHS    06-Jun-12    USA    804137107    Annual    17-Apr-12

 

CUSIP: 804137107    ISIN: US8041371076    SEDOL: 2245070

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Niels B. Christiansen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Jorgen M. Clausen   Mgmt   For   For
Elect Director Kim Fausing   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard J. Freeland   Mgmt   For   For

Sauer-Danfoss Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Per Have   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director William E. Hoover, Jr.   Mgmt   For   For
Elect Director Johannes F. Kirchhoff   Mgmt   For   For
Elect Director Sven Ruder   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Anders Stahlschmidt   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven H. Wood   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Activision Blizzard, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATVI    07-Jun-12    USA    00507V109    Annual    09-Apr-12

 

CUSIP: 00507V109    ISIN: US00507V1098    SEDOL: 2575818

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe G. H. Capron   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Corti   Mgmt   For   For
Elect Director Frederic R. Crepin   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Lucian Grainge   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Brian G. Kelly   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert A. Kotick   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Activision Blizzard, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jean-Bernard Levy   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Morgado   Mgmt   For   For
Elect Director Stephane Roussel   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard Sarnoff   Mgmt   For   For
Elect Director Regis Turrini   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: TDAM is of the view that the Company has appropriately provided shareholders with comprehensive disclosure, and is satisfied with the process the Board and the Compensation Committee has in place for determining executive compensation.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

AMERIGROUP Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGP    07-Jun-12    USA    03073T102    Annual    09-Apr-12

 

CUSIP: 03073T102    ISIN: US03073T1025    SEDOL: 2593683

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas E. Capps   Mgmt   For   For
Elect Director Emerson U. Fullwood   Mgmt   For   For
Elect Director William J. Mcbride   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Columbia Sportswear Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COLM    07-Jun-12    USA    198516106    Annual    03-Apr-12

 

CUSIP: 198516106    ISIN: US1985161066    SEDOL: 2229126

 

    Proponent   Mgmt Rec   Vote Instruction
Elect Director Gertrude Boyle   Mgmt   For   For
Elect Director Timothy P. Boyle   Mgmt   For   For
Elect Director Sarah A. Bany   Mgmt   For   For
Elect Director Murrey R. Albers   Mgmt   For   For
Elect Director Stephen E. Babson   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Edward S. George   Mgmt   For   For
Elect Director Walter T. Klenz   Mgmt   For   For
Elect Director Ronald E. Nelson   Mgmt   For   For
Elect Director John W. Stanton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Compagnie de Saint Gobain

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGO    07-Jun-12    France    F80343100    Annual/Special    01-Jun-12

 

CUSIP: F80343100    ISIN: FR0000125007    SEDOL: 7380482

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Compagnie de Saint Gobain

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income and Dividends of EUR 1.24 per Share   Mgmt   For   For
Approve Transaction with Wendel Re: Principles and Objectives of their Long-Term Partnership   Mgmt   For   For
Approve Transaction with BNP Paribas and Verallia Re: Listing of Verallia Shares   Mgmt   For   For
Elect Jean-Dominique Senard as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Isabelle Bouillot as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bernard Gautier as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Sylvia Jay as Director   Mgmt   For   For
Reelect Frederic Lemoine as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent
Renew Appointment of KPMG Audit as Auditor   Mgmt   For   For
Renew Appointment of Fabrice Odent as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Authorize up to 0.8 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed.
Authorize Board to Issue Free Warrants with Preemptive Rights During a Public Tender Offer or Share Exchange Offer   Mgmt   For   Against
Policy Rationale: TDAM opposes this form of antitakeover mechanism.
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Cubist Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBST    07-Jun-12    USA    229678107    Annual    09-Apr-12

 

CUSIP: 229678107    ISIN: US2296781071    SEDOL: 2240934

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth Bate   Mgmt   For   For
Elect Director Nancy Hutson   Mgmt   For   For
Elect Director Leon Moulder, Jr.   Mgmt   For   For
Elect Director Martin Soeters   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ingersoll-Rand plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IR    07-Jun-12    Ireland    G47791101    Annual    09-Apr-12

 

CUSIP: G47791101    ISIN: IE00B6330302    SEDOL: B633030

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann C. Berzin   Mgmt   For   For
Elect Director John Bruton   Mgmt   For   For
Elect Director Jared L. Cohon   Mgmt   For   For
Elect Director Gary D. Forsee   Mgmt   For   For
Elect Director Peter C. Godsoe   Mgmt   For   For
Elect Director Edward E. Hagenlocker   Mgmt   For   For
Elect Director Constance J. Horner   Mgmt   For   For
Elect Director Michael W. Lamach   Mgmt   For   For
Elect Director Theodore E. Martin   Mgmt   For   For
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ingersoll-Rand plc

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

InterDigital, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IDCC    07-Jun-12    USA    45867G101    Annual    10-Apr-12

 

CUSIP: 45867G101    ISIN: US45867G1013    SEDOL: 2465737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Steven T. Clontz   Mgmt   For   For
Elect Director Edward B. Kamins   Mgmt   For   For
Elect Director John A. Kritzmacher   Mgmt   For   For
Elect Director William J. Merritt   Mgmt   For   For
Elect Director Jean F. Rankin   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LVS    07-Jun-12    USA    517834107    Annual    13-Apr-12

 

CUSIP: 517834107    ISIN: US5178341070    SEDOL: B02T2J7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jason N. Ader   Mgmt   For   For
Elect Director Michael A. Leven   Mgmt   For   For
Elect Director Jeffrey H. Schwartz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: CEO pay equity mix does not contain performance-based criteria or standards, causing a pay-for- performance misalignment. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Omega Healthcare Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OHI    07-Jun-12    USA    681936100    Annual    09-Apr-12

 

CUSIP: 681936100    ISIN: US6819361006    SEDOL: 2043274

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas F. Franke   Mgmt   For   For
Elect Director Bernard J. Korman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Voting in line with ISS, as significant pay-for-performance disconnect is noted. Specifically, the CEO’s 401.5% compensation increase over 2010 is not in line with company performance over the same period, nor is it consistent with peer-group standards.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Universal Health Realty Income Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UHT    07-Jun-12    USA    91359E105    Annual    09-Apr-12

 

CUSIP: 91359E105    ISIN: US91359E1055    SEDOL: 2927497

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Marc D. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Live Nation Entertainment, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LYV    08-Jun-12    USA    538034109    Annual    18-Apr-12

 

CUSIP: 538034109    ISIN: US5380341090    SEDOL: B0T7YX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Dolan   Mgmt   For   For
Elect Director Ariel Emanuel   Mgmt   For   For
Elect Director Gregory B. Maffei   Mgmt   For   For
Elect Director Randall T. Mays   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    08-Jun-12    USA    911363109    Annual    02-May-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jenne K. Britell   Mgmt   For   For
Elect Director Jose B. Alvarez   Mgmt   For   For
Elect Director Bobby J. Griffin   Mgmt   For   For
Elect Director Michael J. Kneeland   Mgmt   For   For
Elect Director Pierre E. Leroy   Mgmt   For   For
Elect Director Singleton B. McAllister   Mgmt   For   For
Elect Director Brian D. McAuley   Mgmt   For   For
Elect Director John S. McKinney   Mgmt   For   For
Elect Director James H. Ozanne   Mgmt   For   For
Elect Director Jason D. Papastavrou   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Filippo Passerini   Mgmt   For   For
Elect Director Donald C. Roof   Mgmt   For   For
Elect Director Keith Wimbush   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Repeal Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the company’s current exclusive venue provisions limit shareholders’ rights in this regard.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

WORLD FUEL SERVICES CORPORATION

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INT    08-Jun-12    USA    981475106    Annual    02-Apr-12

 

CUSIP: 981475106    ISIN: US9814751064    SEDOL: 2469450

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Kasbar   Mgmt   For   For
Elect Director Paul H. Stebbins   Mgmt   For   For
Elect Director Ken Bakshi   Mgmt   For   For
Elect Director Richard A. Kassar   Mgmt   For   For
Elect Director Myles Klein   Mgmt   For   For
Elect Director Abby F. Kohnstamm   Mgmt   For   For
Elect Director John L. Manley   Mgmt   For   For
Elect Director J. Thomas Presby   Mgmt   For   For
Elect Director Stephen K. Roddenberry   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Caterpillar Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAT    13-Jun-12    USA    149123101    Annual    16-Apr-12

 

CUSIP: 149123101    ISIN: US1491231015    SEDOL: 2180201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David L. Calhoun   Mgmt   For   For
Elect Director Daniel M. Dickinson   Mgmt   For   For
Elect Director Eugene V. Fife   Mgmt   For   For
Elect Director Juan Gallardo   Mgmt   For   For
Elect Director David R. Goode   Mgmt   For   For
Elect Director Jesse J. Greene, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Peter A. Magowan   Mgmt   For   For
Elect Director Dennis A. Muilenburg   Mgmt   For   For
Elect Director Douglas R. Oberhelman   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Charles D. Powell   Mgmt   For   For
Elect Director Edward B. Rust, Jr.   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s and management’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Amend Advance Notice Provisions for Shareholder Proposals/Nominations   Mgmt   For   For
Voter Rationale: A vote in line with ISS and management is warranted, as this proposal does not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because Caterpillar does not have significant disclosure on its human rights policies or publicly subscribe to commonly accepted international standards, the adherence to which could assist shareholders in evaluating the company’s existing policies and procedures for addressing human rights concerns in its operations.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Target Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TGT    13-Jun-12    USA    87612E106    Annual    16-Apr-12

 

CUSIP: 87612E106    ISIN: US87612E1064    SEDOL: 2259101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Mary N. Dillon   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Mary E. Minnick   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Derica W. Rice   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director Gregg W. Steinhafel   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Solomon D. Trujillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Target Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Electronics Recycling and Preventing E-Waste Export   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal provides no additional shareholder value.  
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      

The Men’s Wearhouse, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MW    13-Jun-12    USA    587118100    Annual    16-Apr-12

 

CUSIP: 587118100    ISIN: US5871181005    SEDOL: 2576327

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George Zimmer   Mgmt   For   For
Elect Director David H. Edwab   Mgmt   For   For
Elect Director Douglas S. Ewert   Mgmt   For   For
Elect Director Rinaldo S. Brutoco   Mgmt   For   For
Elect Director Michael L. Ray   Mgmt   For   For
Elect Director Sheldon I. Stein   Mgmt   For   For
Elect Director Deepak Chopra   Mgmt   For   For
Elect Director William B. Sechrest   Mgmt   For   For
Elect Director Larry R. Katzen   Mgmt   For   For
Elect Director Grace Nichols   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DSW Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DSW    14-Jun-12    USA    23334L102    Annual    17-Apr-12

 

CUSIP: 23334L102    ISIN: US23334L1026    SEDOL: B0BV2V6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jay L. Schottenstein   Mgmt   For   For
Elect Director Michael R. MacDonald   Mgmt   For   For
Elect Director Philip B. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Fortinet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTNT    14-Jun-12    USA    34959E109    Annual    20-Apr-12

 

CUSIP: 34959E109    ISIN: US34959E1091    SEDOL: B5B2106

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Chenming Hu   Mgmt   For   For
Elect Director Hong Liang Lu   Mgmt   For   For
Elect Director Ken Xie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FCX    14-Jun-12    USA    35671D857    Annual    18-Apr-12

 

CUSIP: 35671D857    ISIN: US35671D8570    SEDOL: 2352118

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director Robert J. Allison, Jr.   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Day   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Charles C. Krulak   Mgmt   For   For
Elect Director Bobby Lee Lackey   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director Dustan E. McCoy   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director Stephen H. Siegele   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: A vote against this non-binding advisory vote is warranted as despite positive changes made by the Company to the compensation approach following last year’s failing say-on-pay result, a significant pay-for- performance disconnect is still noted.  
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Ratify Auditors   Mgmt   For   For
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      

McMoRan Exploration Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MMR    14-Jun-12    USA    582411104    Annual    18-Apr-12

 

CUSIP: 582411104    ISIN: US5824111042    SEDOL: 2311045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director A. Peyton Bush, III   Mgmt   For   For
Elect Director William P. Carmichael   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For

McMoRan Exploration Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Flores   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Suzanne T. Mestayer   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director John F.Wombwell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Voter Rationale: Although TDAM notes significant areas where the Company’s executive compensation approach needs improvement, a pay-for-performance disconnect is not evident at this time. Does not offend TDAM guidelines.

Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MPWR    14-Jun-12    USA    609839105    Annual    17-Apr-12

 

CUSIP: 609839105    ISIN: US6098391054    SEDOL: B01Z7J1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Moyer   Mgmt   For   For
Elect Director Karen A. Smith Bogart   Mgmt   For   For
Elect Director Jeff Zhou   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Salix Pharmaceuticals, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLXP    14-Jun-12    USA    795435106    Annual    20-Apr-12

 

CUSIP: 795435106    ISIN: US7954351067    SEDOL: 2693981

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John F. Chappell   Mgmt   For   For
Elect Director Thomas W. D’Alonzo   Mgmt   For   For
Elect Director William P. Keane   Mgmt   For   For
Elect Director Carolyn J. Logan   Mgmt   For   For
Elect Director Mark A. Sirgo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.

Toyota Motor Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7203    15-Jun-12    Japan    J92676113    Annual    31-Mar-12

 

CUSIP: J92676113    ISIN: JP3633400001    SEDOL: 6900643

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 30   Mgmt   For   For
Elect Director Cho, Fujio   Mgmt   For   For
Elect Director Toyoda, Akio   Mgmt   For   For
Elect Director Uchiyamada, Takeshi   Mgmt   For   For
Elect Director Funo, Yukitoshi   Mgmt   For   For
Elect Director Niimi, Atsushi   Mgmt   For   For
Elect Director Sasaki, Shinichi   Mgmt   For   For
Elect Director Ozawa, Satoshi   Mgmt   For   For
Elect Director Kodaira, Nobuyori   Mgmt   For   For

Toyota Motor Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Furuhashi, Mamoru   Mgmt   For   For
Elect Director Ijichi, Takahiko   Mgmt   For   For
Elect Director Ihara, Yasumori   Mgmt   For   For
Elect Director Maekawa, Masamoto   Mgmt   For   For
Elect Director Kato, Mitsuhisa   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Golar LNG Ltd

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOL    18-Jun-12    Bermuda    G9456A100    Special    04-May-12

 

CUSIP: G9456A100    ISIN: BMG9456A1009    SEDOL: 7139695

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Delisting of Shares from the Oslo Stock Exchange   Mgmt   For   For

NTT DOCOMO, INC.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9437    19-Jun-12    Japan    J59399105    Annual    31-Mar-12

 

CUSIP: J59399105    ISIN: JP3165650007    SEDOL: 6129277

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 2800   Mgmt   For   For
Elect Director Kato, Kaoru   Mgmt   For   For
Elect Director Tsubochi, Kazuto   Mgmt   For   For
Elect Director Iwasaki, Fumio   Mgmt   For   For
Elect Director Shindo, Tsutomu   Mgmt   For   For
Elect Director Tanaka, Takashi   Mgmt   For   For
Elect Director Yoshizawa, Kazuhiro   Mgmt   For   For

NTT DOCOMO, INC.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Onoe, Seizo   Mgmt   For   For
Elect Director Kagawa, Wataru   Mgmt   For   For
Elect Director Nagata, Kiyohito   Mgmt   For   For
Elect Director Sato, Hirotaka   Mgmt   For   For
Elect Director Takagi, Kazuhiro   Mgmt   For   For
Elect Director Yamada, Ryuuji   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board composition will not meet policy requirements applicable to controlled companies.
Elect Director Kusumoto, Hiroo   Mgmt   For   For
Appoint Statutory Auditor Utano, Takanori   Mgmt   For   For

Komatsu Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6301    20-Jun-12    Japan    J35759125    Annual    31-Mar-12

 

CUSIP: J35759125    ISIN: JP3304200003    SEDOL: 6496584

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 21   Mgmt   For   For
Elect Director Sakane, Masahiro   Mgmt   For   For
Elect Director Noji, Kunio   Mgmt   For   For
Elect Director Komamura, Yoshinori   Mgmt   For   For
Elect Director Hironaka, Mamoru   Mgmt   For   For
Elect Director Ohashi, Tetsuji   Mgmt   For   For
Elect Director Fujitsuka, Mikio   Mgmt   For   For
Elect Director Takamura, Fujitoshi   Mgmt   For   For
Elect Director Hotta, Kensuke   Mgmt   For   For
Elect Director Kano, Noriaki   Mgmt   For   For
Elect Director Ikeda, Koichi   Mgmt   For   For
Appoint Statutory Auditor Morimoto, Makoto   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Komatsu Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Adjustment to Aggregate Compensation Ceiling for Statutory Auditors   Mgmt   For   For
Approve Deep Discount Stock Option Plan   Mgmt   For   For

Equity Residential

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQR    21-Jun-12    USA    29476L107    Annual    30-Mar-12

 

CUSIP: 29476L107    ISIN: US29476L1070    SEDOL: 2319157

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Alexander   Mgmt   For   For
Elect Director Charles L. Atwood   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Mary Kay Haben   Mgmt   For   For
Elect Director Bradley A. Keywell   Mgmt   For   For
Elect Director John E. Neal   Mgmt   For   For
Elect Director David J. Neithercut   Mgmt   For   For
Elect Director Mark S. Shapiro   Mgmt   For   For
Elect Director Gerald A. Spector   Mgmt   For   For
Elect Director B. Joseph White   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted given the benefit from more comprehensive disclosure of company sustainability-related metrics and goals.

Google Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOOG    21-Jun-12    USA    38259P508    Annual    23-Apr-12

 

CUSIP: 38259P508    ISIN: US38259P5089    SEDOL: B020QX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry Page   Mgmt   For   For
Elect Director Sergey Brin   Mgmt   For   For
Elect Director Eric E. Schmidt   Mgmt   For   For
Elect Director L. John Doerr   Mgmt   For   For
Elect Director Diane B. Greene   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Ann Mather   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director K. Ram Shriram   Mgmt   For   For
Elect Director Shirley M. Tilghman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Authorize a New Class of Common Stock   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the establishment of a new class of capital stock complicates the company’s capital structure, may have an anti-takeover effect, and the board lacks a compelling rationale for its approval.
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: In line with its position on Item 3, TDAM opposes this proposal to establish Class C capital stock.  
Amend Charter to Provide For Class A Common Holders to Receive Equal Consideration as Class B Common Holders in event of any Merger, Consolidation or Business Combination   Mgmt   For   For
Voter Rationale: A vote for this proposal is warranted, as it will increase shareholder value in the event of a merger, consolidation or business combination. In line with ISS.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.
Moreover, support for the creation of Class C stock is not warranted.      
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.
Moreover, support for the creation of Class C stock is not warranted.      

Google Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Amend Articles Regarding Arbitration of Shareholder Lawsuits   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.      
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: A vote for this proposal is warranted, as TDAM supports the “one share one vote” philosophy.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Honda Motor Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7267    21-Jun-12    Japan    J22302111    Annual    31-Mar-12

 

CUSIP: J22302111    ISIN: JP3854600008    SEDOL: 6435145

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 15   Mgmt   For   For
Amend Articles To Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Ito, Takanobu   Mgmt   For   For
Elect Director Iwamura, Tetsuo   Mgmt   For   For
Elect Director Oyama, Tatsuhiro   Mgmt   For   For
Elect Director Ike, Fumihiko   Mgmt   For   For
Elect Director Kawanabe, Tomohiko   Mgmt   For   For
Elect Director Yamamoto, Takashi   Mgmt   For   For
Elect Director Yamamoto, Yoshiharu   Mgmt   For   For

Elect Director Hogen, Kensaku

   Mgmt   For   For

Elect Director Kuroyanagi, Nobuo

   Mgmt   For   For

Elect Director Fukui, Takeo

   Mgmt   For   For

Elect Director Yoshida, Masahiro

   Mgmt   For   For

Elect Director Shiga, Yuuji

   Mgmt   For   For

Honda Motor Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Appoint Statutory Auditor Yamashita, Masaya   Mgmt   For   For
Appoint Statutory Auditor Hiwatari, Toshiaki   Mgmt   For   For

MedAssets, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MDAS    21-Jun-12    USA    584045108    Annual    25-Apr-12

 

CUSIP: 584045108    ISIN: US5840451083    SEDOL: B29YMY4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C.A. (Lance) Piccolo   Mgmt   For   For
Elect Director Bruce F. Wesson   Mgmt   For   For
Elect Director Samuel K. Skinner   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

 

Mitsui & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8031    21-Jun-12    Japan    J44690139    Annual    31-Mar-12

 

CUSIP: J44690139    ISIN: JP3893600001    SEDOL: 6597302

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 28   Mgmt   For   For
Elect Director Utsuda, Shoei   Mgmt   For   For
Elect Director Iijima, Masami   Mgmt   For   For
Elect Director Tanaka, Seiichi   Mgmt   For   For
Elect Director Kawashima, Fuminobu   Mgmt   For   For
Elect Director Saiga, Daisuke   Mgmt   For   For
Elect Director Okada, Joji   Mgmt   For   For

Mitsui & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kinoshita, Masayuki   Mgmt   For   For
Elect Director Anbe, Shintaro   Mgmt   For   For
Elect Director Tanaka, Koichi   Mgmt   For   For
Elect Director Matsubara, Nobuko   Mgmt   For   For
Elect Director Nonaka, Ikujiro   Mgmt   For   For
Elect Director Hirabayashi, Hiroshi   Mgmt   For   For
Elect Director Muto, Toshiro   Mgmt   For   For
Appoint Statutory Auditor Matsuo, Kunihiro   Mgmt   For   For

Hitachi Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6501    22-Jun-12    Japan    J20454112    Annual    31-Mar-12

 

CUSIP: J20454112    ISIN: JP3788600009    SEDOL: 6429104

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kawamura, Takashi   Mgmt   For   For
Elect Director Ota, Yoshie   Mgmt   For   For
Elect Director Ohashi, Mitsuo   Mgmt   For   For
Elect Director Katsumata, Nobuo   Mgmt   For   For
Elect Director George Buckley   Mgmt   For   For
Elect Director Mochizuki, Harufumi   Mgmt   For   For
Elect Director Motobayashi, Toru   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Philip Yeo   Mgmt   For   For

Elect Director Kikawa, Michijiro

   Mgmt   For   For

Elect Director Stephen Gomersall

   Mgmt   For   For

Elect Director Nakanishi, Hiroaki

   Mgmt   For   For

Elect Director Hatchoji, Takashi

   Mgmt   For   For

Elect Director Miyoshi, Takashi

   Mgmt   For   For

Hitachi Ltd.

 

    Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Formalize Representative Executive Officer and Vice President Responsibility for Group Management   SH   Against   Against

Iberdrola S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBE    22-Jun-12    Spain    E6165F166    Annual    17-Jun-12

 

CUSIP: E6165F166    ISIN: ES0144580Y14    SEDOL: B288C92

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Approve Consolidated and Standalone Financial Statements For FY 2011   Mgmt   For   For
Approve Management Reports   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Renew Appointment of Ernst & Young as Auditor   Mgmt   For   For
Approve Allocation of Income and Distribution of Dividends of EUR 0.03 Per Share   Mgmt   For   For
Approve EUR 2.02 Billion Capital Increase Charged Against Reserves   Mgmt   For   For
Ratify Co-option of and Elect Jose Luis San Pedro Guerenabarrena as Director   Mgmt   For   For
Ratify Co-option of and Elect Angel Jesus Acebes Paniagua as Director   Mgmt   For   For
Reelect Xabier de Irala Estevez as Director   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Reelect Inigo Victor de Oriol Ibarra as Director   Mgmt   For   For
Reelect Ines Macho Stadler as Director   Mgmt   For   For
Reelect Braulio Medel Camara as Director   Mgmt   For   For
Reelect Samantha Barber as Director   Mgmt   For   For
Elect Francisco Pons Alcoy as Director   Mgmt   For   For

Iberdrola S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Issuance of Bonds/Debentures and/or Other Debt Securities   Mgmt   For   For
Voter Rationale: No response from portfolio manager by vote deadline. Voting in line with ISS, which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal, TDAM will evaluate this item on a case-by-case basis.
Authorize Listing on and Delisting from Secondary Exchanges of Shares and Other Securities   Mgmt   For   For
Approve Charitable Donations   Mgmt   For   For
Amend Articles 19.1, 19.4, 20.1, 20.2, 20.4, and 23.3 of Bylaws   Mgmt   For   For
Amend Articles 24.1, 24.2, and 25.2 of Bylaws   Mgmt   For   For
Amend Articles of General Meeting Regulations   Mgmt   For   For
Approve Company’s Corporate Web Site   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

SoftBank Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9984    22-Jun-12    Japan    J75963108    Annual    31-Mar-12

 

CUSIP: J75963108    ISIN: JP3436100006    SEDOL: 6770620

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 40   Mgmt   For   For

Mitsubishi Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8058    26-Jun-12    Japan    J43830116    Annual    31-Mar-12

 

CUSIP: J43830116    ISIN: JP3898400001    SEDOL: 6596785

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 33   Mgmt   For   For

Mitsubishi Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Kobayashi, Ken   Mgmt   For   For
Elect Director Ueda, Ryoichi   Mgmt   For   For
Elect Director Yano, Masahide   Mgmt   For   For
Elect Director Nabeshima, Hideyuki   Mgmt   For   For
Elect Director Nakahara, Hideto   Mgmt   For   For
Elect Director Nagai, Yasuo   Mgmt   For   For
Elect Director Nomakuchi, Tamotsu   Mgmt   For   For
Elect Director Ito, Kunio   Mgmt   For   For
Elect Director Tsukuda, Kazuo   Mgmt   For   For
Elect Director Kato, Ryozo   Mgmt   For   For
Elect Director Konno, Hidehiro   Mgmt   For   For
Appoint Statutory Auditor Tsujiyama, Eiko   Mgmt   For   For
Appoint Statutory Auditor Ishino, Hideyo   Mgmt   For   For
Appoint Statutory Auditor Kunihiro, Tadashi   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Mizuho Financial Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8411    26-Jun-12    Japan    J4599L102    Annual    31-Mar-12

 

CUSIP: J4599L102    ISIN: JP3885780001    SEDOL: 6591014

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 3   Mgmt   For   For
Elect Director Tsukamoto, Takashi   Mgmt   For   For
Elect Director Takahashi, Hideyuki   Mgmt   For   For
Elect Director Abe, Daisaku   Mgmt   For   For
Appoint Statutory Auditor Ishizaka, Masami   Mgmt   For   For

Mizuho Financial Group Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Limit Total Board Compensation to JPY 30 Million Until Net Capital per Share Reaches that of Competitors MUFG or SMFG   SH   Against   Against
Amend Articles to Require Caution in Accepting Corporate Evaluation Assignments   SH   Against   Against
Amend Articles to Require Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately   SH   Against   For
Voter Rationale: As per ISS reasoning, third party advisor and/or voting guidelines serves the interests of shareholders and enhances shareholder value. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Public Disclosure of Director Training Policy, Content and Performance   SH   Against   For
Voter Rationale: In line with ISS, increased disclosure on director candidates will increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Disclosure of Individual Director and Statutory Auditor Compensation   SH   Against   For
Voter Rationale: In line with ISS, shareholders should be provided with the right information to make informed decisions with respect to a company’s compensation levels and objectives.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Firm to Seek Unified Nationwide Handling of Inquiries When Public Entities Request Assessments of Citizen Eligibility for Public Assistance   SH   Against   Against
Amend Articles to Relax Limit, Allow Shareholder Proposal Justification Statements Up to 4,000 Characters   SH   Against   For
Voter Rationale: In line with ISS, allowing for longer statements in support of shareholder proposals increases shareholder rights. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prohibit Biased Treatment of Non-Votes on Shareholder vs. Company Proposals   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prevent CEO from Presiding Over Board Meetings   SH   Against   For
Voter Rationale: In line with ISS, TDAM is of the view that separating the CEO and board chairman is preferred.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Create a Whistle-Blowing Complaints Desk Independent of Executive Director Influence   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices and increases shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Takeda Pharmaceutical Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
4502    26-Jun-12    Japan    J8129E108    Annual    31-Mar-12

 

CUSIP: J8129E108    ISIN: JP3463000004    SEDOL: 6870445

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 90   Mgmt   For   For
Elect Director Hasegawa, Yasuchika   Mgmt   For   For
Elect Director Yoshida, Toyoji   Mgmt   For   For
Elect Director Yamanaka, Yasuhiko   Mgmt   For   For
Elect Director Frank Morich   Mgmt   For   For
Elect Director Yamada, Tadataka   Mgmt   For   For
Elect Director Sudo, Fumio   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Iwasaki, Masato   Mgmt   For   For
Elect Director Deborah Dunsire   Mgmt   For   For
Appoint Statutory Auditor Takeda, Naohisa   Mgmt   For   For
Appoint Statutory Auditor Fujinuma, Tsuguoki   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Sony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6758    27-Jun-12    Japan    J76379106    Annual    31-Mar-12

 

CUSIP: J76379106    ISIN: JP3435000009    SEDOL: 6821506

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Hirai, Kazuo   Mgmt   For   For
Elect Director Chuubachi, Ryoji   Mgmt   For   For
Elect Director Kato, Masaru   Mgmt   For   For
Elect Director Howard Stringer   Mgmt   For   For
Elect Director Peter Bonfield   Mgmt   For   For
Elect Director Yasuda, Ryuuji   Mgmt   For   For

Sony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Uchinaga, Yukako   Mgmt   For   For
Elect Director Yahagi, Mitsuaki   Mgmt   For   For
Elect Director Tsun-Yan Hsieh   Mgmt   For   For
Elect Director Roland A. Hernandez   Mgmt   For   For
Elect Director Anraku, Kanemitsu   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Nagayama, Osamu   Mgmt   For   For
Elect Director Nimura, Takaaki   Mgmt   For   For
Approve Stock Option Plan   Mgmt   For   For

VeriFone Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAY    27-Jun-12    USA    92342Y109    Annual    04-May-12

 

CUSIP: 92342Y109    ISIN: US92342Y1091    SEDOL: B07RH68

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Alspaugh   Mgmt   For   For
Elect Director Douglas G. Bergeron   Mgmt   For   For
Elect Director Dr. Leslie G. Denend   Mgmt   For   For
Elect Director Alex W. Hart   Mgmt   For   For
Elect Director Robert B. Henske   Mgmt   For   For
Elect Director Richard A. McGinn   Mgmt   For   For
Elect Director Eitan Raff   Mgmt   For   For
Elect Director Jeffrey E. Stiefler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Fanuc Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6954    28-Jun-12    Japan    J13440102    Annual    31-Mar-12

 

CUSIP: J13440102    ISIN: JP3802400006    SEDOL: 6356934

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, With a Final Dividend of JPY 99.01   Mgmt   For   For
Elect Director Inaba, Yoshiharu   Mgmt   For   For
Elect Director Yamaguchi, Kenji   Mgmt   For   For
Elect Director Gonda, Yoshihiro   Mgmt   For   For
Elect Director Richard E. Schneider   Mgmt   For   For
Elect Director Uchida, Hiroyuki   Mgmt   For   For
Elect Director Matsubara, Shunsuke   Mgmt   For   For
Elect Director Kosaka, Tetsuya   Mgmt   For   For
Elect Director Kohari, Katsuo   Mgmt   For   For
Elect Director Okada, Toshiya   Mgmt   For   For
Elect Director Hiramoto, Kazuyuki   Mgmt   For   For
Elect Director Olaf C. Gehrels   Mgmt   For   For
Elect Director Aoyama, Kazunari   Mgmt   For   For
Elect Director Ito, Takayuki   Mgmt   For   For
Elect Director Yamada, Yuusaku   Mgmt   For   For
Elect Director Hishikawa, Tetsuo   Mgmt   For   For
Elect Director Noda, Hiroshi   Mgmt   For   For
Appoint Statutory Auditor Harada, Hajime   Mgmt   For   For

Mitsubishi Electric Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6503    28-Jun-12    Japan    J43873116    Annual    31-Mar-12

 

CUSIP: J43873116    ISIN: JP3902400005    SEDOL: 6597045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Shimomura, Setsuhiro   Mgmt   For   For

Mitsubishi Electric Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Yamanishi, Kenichiro   Mgmt   For   For
Elect Director Saito, Masanori   Mgmt   For   For
Elect Director Yoshimatsu, Hiroki   Mgmt   For   For
Elect Director Hashimoto, Noritomo   Mgmt   For   For
Elect Director Fujimoto, Ryosuke   Mgmt   For   For
Elect Director Okuma, Nobuyuki   Mgmt   For   For
Elect Director Murayama, Hiroyoshi   Mgmt   For   For
Elect Director Sasaki, Mikio   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Miki, Shigemitsu   Mgmt   For   Against
Policy Rationale: TDAM support for this director nominee is not warranted because the board after this meeting will not be majority independent and this outside director nominee lacks independence.
Elect Director Makino, Fujiatsu   Mgmt   For   For
Elect Director Yabunaka, Mitoji   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8306    28-Jun-12    Japan    J44497105    Annual    31-Mar-12

 

CUSIP: J44497105    ISIN: JP3902900004    SEDOL: 6335171

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 6 for Ordinary Shares   Mgmt   For   For
Elect Director Okihara, Takamune   Mgmt   For   For
Elect Director Okauchi, Kinya   Mgmt   For   For
Elect Director Nagayasu, Katsunori   Mgmt   For   For
Elect Director Tanaka, Masaaki   Mgmt   For   For
Elect Director Yuuki, Taihei   Mgmt   For   For
Elect Director Hamakawa, Ichiro   Mgmt   For   For
Elect Director Kagawa, Akihiko   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Toyoizumi, Toshiro   Mgmt   For   For
Elect Director Hirano, Nobuyuki   Mgmt   For   For
Elect Director Teraoka, Shunsuke   Mgmt   For   For
Elect Director Wakabayashi, Tatsuo   Mgmt   For   For
Elect Director Araki, Saburo   Mgmt   For   For
Elect Director Noguchi, Hiroyuki   Mgmt   For   For
Elect Director Tokunari, Muneaki   Mgmt   For   For
Elect Director Araki, Ryuuji   Mgmt   For   For
Elect Director Watanabe, Kazuhiro   Mgmt   For   For
Elect Director Otoshi, Takuma   Mgmt   For   For

Nintendo Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7974    28-Jun-12    Japan    J51699106    Annual    31-Mar-12

 

CUSIP: J51699106    ISIN: JP3756600007    SEDOL: 6639550

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 100   Mgmt   For   For
Elect Director Iwata, Satoru   Mgmt   For   For
Elect Director Mori, Yoshihiro   Mgmt   For   For
Elect Director Hatano, Shinji   Mgmt   For   For
Elect Director Takeda, Genyo   Mgmt   For   For
Elect Director Miyamoto, Shigeru   Mgmt   For   For
Elect Director Matsumoto, Masaharu   Mgmt   For   For
Elect Director Suzuki, Eiichi   Mgmt   For   For
Elect Director Kimishima, Tatsumi   Mgmt   For   For
Elect Director Takemura, Kaoru   Mgmt   For   For
Appoint Statutory Auditor Ueda, Minoru   Mgmt   For   For
Appoint Statutory Auditor Toyoda, Ken   Mgmt   For   For
Appoint Statutory Auditor Mitamura, Yoshimi   Mgmt   For   For
Appoint Statutory Auditor Umeyama, Katsuhiro   Mgmt   For   For

Sumitomo Mitsui Financial Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8316    28-Jun-12    Japan    J7771X109    Annual    31-Mar-12

 

CUSIP: J7771X109    ISIN: JP3890350006    SEDOL: 6563024

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 50   Mgmt   For   For
Elect Director Miyata, Koichi   Mgmt   For   For
Elect Director Kurumatani, Nobuaki   Mgmt   For   For
Elect Director Yokoyama, Yoshinori   Mgmt   For   For
Appoint Statutory Auditor Yamaguchi, Yoji   Mgmt   For   For
Appoint Statutory Auditor Tsuruta, Rokuro   Mgmt   For   For

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    29-Jun-12    United Kingdom    G87621101    Annual    27-Jun-12

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Sir Richard Broadbent as Director   Mgmt   For   For
Elect Deanna Oppenheimer as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For

Tesco plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Gareth Bullock as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Stuart Chambers as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vote Summary Report

Report was run from: 7/1/11 to 6/30/12

Institution Account(s): TDAX Independence In Target - Equity

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    01-Jul-11    United Kingdom    G87621101    Annual    29-Jun-11

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Gareth Bullock as Director   Mgmt   For   For
Elect Stuart Chambers as Director   Mgmt   For   For
Re-elect David Reid as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Richard Brasher as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect David Potts as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Approve Performance Share Plan 2011   Mgmt   For   For
Approve Savings-Related Share Option Scheme   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

HMS Holdings Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMSY    06-Jul-11    USA    40425J101    Annual    17-May-11

 

CUSIP: 40425J101    ISIN: US40425J1016    SEDOL: 2418043

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Miller III   Mgmt   For   For
Elect Director Ellen A. Rudnick   Mgmt   For   For
Elect Director Michael A. Stocker   Mgmt   For   For
Elect Director Richard H. Stowe   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Voter Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Ultratech, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UTEK    19-Jul-11    USA    904034105    Annual    20-May-11

 

CUSIP: 904034105    ISIN: US9040341052    SEDOL: 2907217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur W. Zafiropoulo   Mgmt   For   For
Elect Director Joel F. Gemunder   Mgmt   For   For
Elect Director Nicholas Konidaris   Mgmt   For   For
Elect Director Dennis Raney   Mgmt   For   For

Ultratech, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Henri Richard   Mgmt   For   For
Elect Director Rick Timmins   Mgmt   For   For
Elect Director Ben Tsai   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Voter Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Vodafone Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOD    26-Jul-11    United Kingdom    G93882135    Annual    22-Jul-11

 

CUSIP: G93882135    ISIN: GB00B16GWD56    SEDOL: B16GWD5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Vittorio Colao as Director   Mgmt   For   For
Re-elect Michel Combes as Director   Mgmt   For   For
Re-elect Andy Halford as Director   Mgmt   For   For
Re-elect Stephen Pusey as Director   Mgmt   For   For
Elect Renee James as Director   Mgmt   For   For
Re-elect Alan Jebson as Director   Mgmt   For   For

Vodafone Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Samuel Jonah as Director   Mgmt   For   For
Re-elect Nick Land as Director   Mgmt   For   For
Re-elect Anne Lauvergeon as Director   Mgmt   For   For
Re-elect Luc Vandevelde as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Re-elect Philip Yea as Director   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

STERIS Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STE    28-Jul-11    USA    859152100    Annual    31-May-11

 

CUSIP: 859152100    ISIN: US8591521005    SEDOL: 2845113

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Breeden   Mgmt   For   For
Elect Director Cynthia L. Feldmann   Mgmt   For   For
Elect Director Jacqueline B. Kosecoff   Mgmt   For   For
Elect Director David B. Lewis   Mgmt   For   For
Elect Director Kevin M. McMullen   Mgmt   For   For
Elect Director Walter M Rosebrough, Jr.   Mgmt   For   For
Elect Director Mohsen M. Sohi   Mgmt   For   For
Elect Director John P. Wareham   Mgmt   For   For

STERIS Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Loyal W. Wilson   Mgmt   For   For
Elect Director Michael B. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Apollo Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AINV    02-Aug-11    USA    03761U106    Annual    08-Jun-11

 

CUSIP: 03761U106    ISIN: US03761U1060    SEDOL: B00NWP7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank C. Puleo   Mgmt   For   For
Elect Director Carl Spielvogel   Mgmt   For   For
Elect Director Jeanette Loeb   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

EnerSys

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENS    04-Aug-11    USA    29275Y102    Annual    08-Jun-11

 

CUSIP: 29275Y102    ISIN: US29275Y1029    SEDOL: B020GQ5

EnerSys

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Seifi Ghasemi   Mgmt   For   For
Elect Director John F. Lehman   Mgmt   For   For
Elect Director Dennis S. Marlo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require a Majority Vote for the Election of Directors   SH   Against   For
Voter Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.

Quality Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QSII    11-Aug-11    USA    747582104    Annual    13-Jun-11

 

CUSIP: 747582104    ISIN: US7475821044    SEDOL: 2715391

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Craig A. Barbarosh   Mgmt   For   For
Elect Director Murray F. Brennan   Mgmt   For   For
Elect Director George H. Bristol   Mgmt   For   For
Elect Director Patrick B. Cline   Mgmt   For   For
Elect Director Ahmed D. Hussein   Mgmt   For   For
Elect Director D. Russell Pflueger   Mgmt   For   For
Elect Director Steven T. Plochocki   Mgmt   For   For
Elect Director Sheldon Razin   Mgmt   For   For
Elect Director Maureen A. Spivack   Mgmt   For   For

Quality Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   For
Voter Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

La-Z-Boy Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LZB    24-Aug-11    USA    505336107    Annual    27-Jun-11

 

CUSIP: 505336107    ISIN: US5053361078    SEDOL: 2508405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kurt L. Darrow   Mgmt   For   For
Elect Director H. George Levy   Mgmt   For   For
Elect Director W. Alan McCollough   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Medifast, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MED    02-Sep-11    USA    58470H101    Annual    11-Jul-11

 

CUSIP: 58470H101    ISIN: US58470H1014    SEDOL: 2934033

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harvey C. Barnum   Mgmt   For   For
Elect Director Michael C. MacDonald   Mgmt   For   For
Elect Director Jerry D. Reece   Mgmt   For   For
Elect Director Michael S. McDevitt   Mgmt   For   For
Elect Director Margaret E. Sheetz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Casey’s General Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CASY    16-Sep-11    USA    147528103    Annual    25-Jul-11

 

CUSIP: 147528103    ISIN: US1475281036    SEDOL: 2179414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Myers   Mgmt   For   For
Elect Director Diane C. Bridgewater   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Exide Technologies

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XIDE    16-Sep-11    USA    302051206    Annual    20-Jul-11

 

CUSIP: 302051206    ISIN: US3020512063    SEDOL: B00VTY9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert F. Aspbury   Mgmt   For   For
Elect Director James R. Bolch   Mgmt   For   For
Elect Director Michael R. D’Appolonia   Mgmt   For   For
Elect Director David S. Ferguson   Mgmt   For   For
Elect Director John O’Higgins   Mgmt   For   For
Elect Director Dominic J. Pileggi   Mgmt   For   For
Elect Director John P. Reilly   Mgmt   For   For
Elect Director Michael P. Ressner   Mgmt   For   For
Elect Director Carroll R. Wetzel, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    16-Sep-11    Netherlands    N8981F271    Special    19-Aug-11

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Special Meeting   Mgmt    
Authorize Board to Repurchase Outstanding 6 Percent and 7 Percent Cumulative Preference Shares   Mgmt   For   For

NIKE, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NKE    19-Sep-11    USA    654106103    Annual    25-Jul-11

 

CUSIP: 654106103    ISIN: US6541061031    SEDOL: 2640147

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John C. Lechleiter   Mgmt   For   For
Elect Director Phyllis M. Wise   Mgmt   For   For
Voter Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TEVA    19-Sep-11    Israel    M8769Q102    Annual    10-Aug-11

 

CUSIP: M8769Q102    ISIN: IL0006290147    SEDOL: 6882172

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Final Dividend   Mgmt   For   For
Elect Chaim Hurvitz as Director   Mgmt   For   For
Elect Ory Slonim as Director   Mgmt   For   For
Elect Dan Suesskind as Director   Mgmt   For   For
Elect Joseph Nitzani as External Director and Approve His Remuneration   Mgmt   For   For
Elect Dafna Schwartz as External Director and Approve Her Remuneration   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Approve Director/Officer Liability and Indemnification Insurance   Mgmt   For   For

Teva Pharmaceutical Industries Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Remuneration of Vice Chairman   Mgmt   For   For
Approve Reimbursement of Expenses of Board Chairman   Mgmt   For   For

FedEx Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FDX    26-Sep-11    USA    31428X106    Annual    01-Aug-11

 

CUSIP: 31428X106    ISIN: US31428X1063    SEDOL: 2142784

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 51.5 percent of votes cast at the previous AGM. To date, the board has not taken action on the proposal. Accordingly, TDAM will opose the elections of Shirley Ann Jackson, James L. Barksdale, and Steven R. Loranger, who serve on the Nominating and Governance committee of the board.
Elect Director John A. Edwardson   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Steven R. Loranger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Gary W. Loveman   Mgmt   For   For
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Joshua Cooper Ramo   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Frederick W. Smith   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director David P. Steiner   Mgmt   For   For
Elect Director Paul S. Walsh   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

FedEx Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors.
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

The Procter & Gamble Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PG    11-Oct-11    USA    742718109    Annual    12-Aug-11

 

CUSIP: 742718109    ISIN: US7427181091    SEDOL: 2704407

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angela F. Braly   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Scott D. Cook   Mgmt   For   For
Elect Director Susan Desmond-Hellmann   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Elect Director Patricia A. Woertz   Mgmt   For   For
Elect Director Ernesto Zedillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Procter & Gamble Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Amend Articles of Incorporation   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Use of Laboratory Animals in Pet Food Product Testing   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions and Provide Advisory Vote   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Oracle Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ORCL    12-Oct-11    USA    68389X105    Annual    15-Aug-11

 

CUSIP: 68389X105    ISIN: US68389X1054    SEDOL: 2661568

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey S. Berg   Mgmt   For   For
Elect Director H. Raymond Bingham   Mgmt   For   For
Elect Director Michael J. Boskin   Mgmt   For   For
Elect Director Safra A. Catz   Mgmt   For   For
Elect Director Bruce R. Chizen   Mgmt   For   For
Elect Director George H. Conrades   Mgmt   For   For
Elect Director Lawrence J. Ellison   Mgmt   For   For
Elect Director Hector Garcia-Molina   Mgmt   For   For
Elect Director Jeffrey O. Henley   Mgmt   For   For
Elect Director Mark V. Hurd   Mgmt   For   For

Oracle Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Lucas   Mgmt   For   For
Director Naomi O. Seligman   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   None   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    19-Oct-11    USA    019344100    Annual    29-Sep-11

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Ratify Auditors   Mgmt   For   For

Allied Nevada Gold Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Common Stock   Mgmt   For   For
Approve Deferred Phantom Unit Plan   Mgmt   For   For
Approve Deferred Share Unit Plan   Mgmt   For   For

Diageo plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DGE    19-Oct-11    United Kingdom    G42089113    Annual    17-Oct-11

 

CUSIP: G42089113    ISIN: GB0002374006    SEDOL: 0237400

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Peggy Bruzelius as Director   Mgmt   For   For
Re-elect Laurence Danon as Director   Mgmt   For   For
Re-elect Lord Davies of Abersoch as Director   Mgmt   For   For
Re-elect Betsy Holden as Director   Mgmt   For   For
Re-elect Dr Franz Humer as Director   Mgmt   For   For
Re-elect Deirdre Mahlan as Director   Mgmt   For   For
Re-elect Philip Scott as Director   Mgmt   For   For
Re-elect Todd Stitzer as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors of the Company   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BHP Billiton plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BLT    20-Oct-11    United Kingdom    G10877101    Annual    18-Oct-11

 

CUSIP: G10877101    ISIN: GB0000566504    SEDOL: 0056650

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Elect Lindsay Maxsted as Director   Mgmt   For   For
Elect Shriti Vadera as Director   Mgmt   For   For
Re-elect Malcolm Broomhead as Director   Mgmt   For   For
Re-elect John Buchanan as Director   Mgmt   For   For
Re-elect Carlos Cordeiro as Director   Mgmt   For   For
Re-elect David Crawford as Director   Mgmt   For   For
Re-elect Carolyn Hewson as Director   Mgmt   For   For
Re-elect Marius Kloppers as Director   Mgmt   For   For
Re-elect Wayne Murdy as Director   Mgmt   For   For
Re-elect Keith Rumble as Director   Mgmt   For   For
Re-elect John Schubert as Director   Mgmt   For   For
Re-elect Jacques Nasser as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Termination Benefits for Group Management Committee Members   Mgmt   For   For

Approve the Grant of Awards to Marius Kloppers under the Group Incentive

Scheme and the Long Term Incentive Plan

   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    20-Oct-11    USA    559181102    Annual    26-Aug-11

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

Magma Design Automation, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roy E. Jewell   Mgmt   For   For
Elect Director Thomas M. Rohrs   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’   Mgmt   For   For
Compensation      
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Newcrest Mining Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCM    27-Oct-11    Australia    Q6651B114    Annual    25-Oct-11

 

CUSIP: Q6651B114    ISIN: AU000000NCM7    SEDOL: 6637101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Winifred Kamit as a Director   Mgmt   For   For
Elect Don Mercer as a Director   Mgmt   For   For
Elect Richard Knight as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Renew Proportional Takeover Bid Approval Rule   Mgmt   For   For

Cardinal Health, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAH    02-Nov-11    USA    14149Y108    Annual    06-Sep-11

 

CUSIP: 14149Y108    ISIN: US14149Y1082    SEDOL: 2175672

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen F. Arnold   Mgmt   For   For
Elect Director George S. Barrett   Mgmt   For   For

Cardinal Health, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Carrie S. Cox   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Bruce L. Downey   Mgmt   For   For
Elect Director John F. Finn   Mgmt   For   For
Elect Director Gregory B. Kenny   Mgmt   For   For
Elect Director David P. King   Mgmt   For   For
Elect Director Richard C. Notebaert   Mgmt   For   For
Elect Director David W. Raisbeck   Mgmt   For   For
Elect Director Jean G. Spaulding   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Require Independent Board Chairman   SH   Against   Against
Voter Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and a nomination committee composed entirely of independent directors.

Commonwealth Bank Of Australia

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBA    08-Nov-11    Australia    Q26915100    Annual    06-Nov-11

 

CUSIP: Q26915100    ISIN: AU000000CBA7    SEDOL: 6215035

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Colin Galbraith as Director   Mgmt   For   For
Elect Jane Hemstritch as Director   Mgmt   For   For

Commonwealth Bank Of Australia

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Andrew Mohl as Director   Mgmt   For   For
Elect Lorna Inman as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Share Grants to Ian Mark Narev, CEO and Managing Director, Under the Group Leadership Reward Plan   Mgmt   For   For

Wesfarmers Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WES    09-Nov-11    Australia    Q95870103    Annual    07-Nov-11

 

CUSIP: Q95870103    ISIN: AU000000WES1    SEDOL: 6948836

 

  Proponent   Mgmt Rec   Vote Instruction
Elect T J Bowen as a Director   Mgmt   For   For
Elect R L Every as a Director   Mgmt   For   For
Elect C Macek as a Director   Mgmt   For   For
Approve the Adoption of the Remuneration Report   Mgmt   For   For
Approve the Grant of Share Awards to the Group Managing Director   Mgmt   For   For
Approve the Grant of Share Awards to the Finance Director   Mgmt   For   For

bebe stores, inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEBE    10-Nov-11    USA    075571109    Annual    26-Sep-11

 

CUSIP: 075571109    ISIN: US0755711092    SEDOL: 2257677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Manny Mashouf   Mgmt   For   For
Elect Director Barbara Bass   Mgmt   For   For
Elect Director Cynthia Cohen   Mgmt   For   For
Elect Director Corrado Federico   Mgmt   For   For

bebe stores, inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Caden Wang   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Microsoft Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSFT    15-Nov-11    USA    594918104    Annual    02-Sep-11

 

CUSIP: 594918104    ISIN: US5949181045    SEDOL: 2588173

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven A. Ballmer   Mgmt   For   For
Elect Director Dina Dublon   Mgmt   For   For
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director Raymond V. Gilmartin   Mgmt   For   For
Elect Director Reed Hastings   Mgmt   For   For
Elect Director Maria M. Klawe   Mgmt   For   For
Elect Director David F. Marquardt   Mgmt   For   For
Elect Director Charles H. Noski   Mgmt   For   For
Elect Director Helmut Panke   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against

BHP Billiton Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BHP    17-Nov-11    Australia    Q1498M100    Annual    15-Nov-11

 

CUSIP: Q1498M100    ISIN: AU000000BHP4    SEDOL: 6144690

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports for BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Lindsay Maxsted as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Shriti Vadera as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Malcolm Broomhead as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Buchanan as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carlos Cordeiro as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect David Crawford as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Carolyn Hewson as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Marius Kloppers as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Wayne Murdy as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Keith Rumble as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect John Schubert as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Elect Jacques Nasser as a Director of BHP Billiton Limited and BHP Billiton Plc   Mgmt   For   For
Appoint KPMG Audit Plc as Auditors of BHP Billiton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc   Mgmt   For   For
Approve the Authority to Issue Shares in BHP Biliton Plc for Cash   Mgmt   For   For
Approve the Repurchase of Up to 213.62 Million Shares in BHP Billiton Plc   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For
Approve the Termination Benefits for Group Management Committee Members   Mgmt   For   For
Approve the Grant of Awards to Marius Kloppers under the Group Incentive Scheme and the Long Term Incentive Plan   Mgmt   For   For

Jack Henry & Associates, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JKHY    17-Nov-11    USA    426281101    Annual    20-Sep-11

 

CUSIP: 426281101    ISIN: US4262811015    SEDOL: 2469193

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jerry D. Hall   Mgmt   For   For
Elect Director Michael E. Henry   Mgmt   For   For
Elect Director Matthew C. Flanigan   Mgmt   For   For
Elect Director Craig R. Curry   Mgmt   For   For
Elect Director Wesley A. Brown   Mgmt   For   For
Elect Director Marla K. Shepard   Mgmt   For   For
Elect Director John F. Prim   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Lancaster Colony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LANC    21-Nov-11    USA    513847103    Annual    23-Sep-11

 

CUSIP: 513847103    ISIN: US5138471033    SEDOL: 2503206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Fox   Mgmt   For   For
Elect Director John B. Gerlach, Jr.   Mgmt   For   For
Elect Director Edward H. Jennings   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

Lancaster Colony Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Silicon Graphics International Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGI    02-Dec-11    USA    82706L108    Annual    07-Oct-11

 

CUSIP: 82706L108    ISIN: US82706L1089    SEDOL: B081PV0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark J. Barrenechea   Mgmt   For   For
Elect Director Michael W. Hagee   Mgmt   For   For
Elect Director Charles M. Boesenberg   Mgmt   For   For
Elect Director Gary A. Griffiths   Mgmt   For   For
Elect Director Hagi Schwartz   Mgmt   For   For
Elect Director Ronald D. Verdoorn   Mgmt   For   For
Elect Director Douglas R. King   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Three Years   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Ascena Retail Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ASNA    07-Dec-11    USA    04351G101    Annual    10-Oct-11

 

CUSIP: 04351G101    ISIN: US04351G1013    SEDOL: B65D9Z3

Ascena Retail Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David R. Jaffe   Mgmt   For   For
Elect Director Klaus Eppler   Mgmt   For   For
Elect Director Kate Buggeln   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Cisco Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSCO    07-Dec-11    USA    17275R102    Annual    10-Oct-11

 

CUSIP: 17275R102    ISIN: US17275R1023    SEDOL: 2198163

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carol A. Bartz   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Michael D. Capellas   Mgmt   For   For
Elect Director Larry R. Carter   Mgmt   For   For
Elect Director John T. Chambers   Mgmt   For   For
Elect Director Brian L. Halla   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Richard M. Kovacevich   Mgmt   For   For
Elect Director Roderick C. McGeary   Mgmt   For   For
Elect Director Arun Sarin   Mgmt   For   For
Elect Director Steven M. West   Mgmt   For   For
Elect Director Jerry Yang   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Cisco Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For
Amend Bylaws to Establish a Board Committee on Environmental Sustainability   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis as the proposal is to establish an Environmental Sustainability committee.  
Report on Internet Fragmentation   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  
Stock Retention/Holding Period   SH   Against   For
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Westpac Banking Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WBC    14-Dec-11    Australia    Q97417101    Annual    12-Dec-11

 

CUSIP: Q97417101    ISIN: AU000000WBC1    SEDOL: 6076146

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   For
Elect Lindsay Philip Maxsted as a Director   Mgmt   For   For
Elect John Simon Curtis as a Director   Mgmt   For   For
Elect Ann Pickard as a Director   Mgmt   For   For

Aruba Networks, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARUN    15-Dec-11    USA    043176106    Annual    20-Oct-11

 

CUSIP: 043176106    ISIN: US0431761065    SEDOL: B1VRPM3

Aruba Networks, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dominic P. Orr   Mgmt   For   For
Elect Director Keerti Melkote   Mgmt   For   For
Elect Director Bernard Guidon   Mgmt   For   For
Elect Director Emmanuel Hernandez   Mgmt   For   For
Elect Director Michael R. Kourey   Mgmt   For   For
Elect Director Douglas Leone   Mgmt   For   For
Elect Director Willem P. Roelandts   Mgmt   For   For
Elect Director Juergen Rottler   Mgmt   For   For
Elect Director Daniel Warmenhoven   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Voter Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

National Australia Bank Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NAB    15-Dec-11    Australia    Q65336119    Annual    13-Dec-11

 

CUSIP: Q65336119    ISIN: AU000000NAB4    SEDOL: 6624608

 

  Proponent   Mgmt Rec   Vote Instruction
Elect John Thorn as a Director   Mgmt   For   For
Elect Geoff Tomlinson as a Director   Mgmt   For   For
Elect Ken Henry as a Director   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Cameron Clyne, CEO of the company   Mgmt   For   For
Approve the Issuance of Shares and Performance Rights to Mark Joiner, Execuive Director of Finance   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Australia and New Zealand Banking Group Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANZ    16-Dec-11    Australia    Q09504137    Annual    14-Dec-11

 

CUSIP: Q09504137    ISIN: AU000000ANZ3    SEDOL: 6065586

 

  Proponent   Mgmt Rec   Vote Instruction
Approve the Remuneration Report   Mgmt   For   For
Approve the Grant of Performance Rights to Michael Smith, Chief Executive Officer of the Company   Mgmt   For   For
Approve the Terms and Conditions of the Selective Buy-Back Schemes Relating to the Buy-Back of the June 2007 Sterling Preference Shares   Mgmt   For   For
Ratify Past Issue of 13.4 Million Convertible Preference Shares   Mgmt   For   For
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Shareholder Proposal   Mgmt    
Elect R.J. Reeves as a Director   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis
Management Proposals   Mgmt    
Elect P.A.F. Hay as a Director   Mgmt   For   For
Elect A.M. Watkins as a Director   Mgmt   For   For

Robbins & Myers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RBN    05-Jan-12    USA    770196103    Annual    16-Nov-11

 

CUSIP: 770196103    ISIN: US7701961036    SEDOL: 2743206

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard J. Giromini   Mgmt   For   For
Elect Director Stephen F. Kirk   Mgmt   For   For
Elect Director Peter C. Wallace   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Acuity Brands, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AYI    06-Jan-12    USA    00508Y102    Annual    09-Nov-11

 

CUSIP: 00508Y102    ISIN: US00508Y1029    SEDOL: 2818461

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter C. Browning   Mgmt   For   For
Elect Director Ray M. Robinson   Mgmt   For   For
Elect Director Norman H. Wesley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.
Approve Deferred Compensation Plan   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    06-Jan-12    United Kingdom    G03764134    Special    04-Jan-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Acquisition of the Entire Equity and Shareholder Loan Interests of the CHL Group in DB Investments SA and De Beers SA   Mgmt   For   For
Policy Rationale: TDAM evaluates merger & acquisition proposals on a case-by-case basis.

The Greenbrier Companies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GBX    06-Jan-12    USA    393657101    Annual    17-Nov-11

 

CUSIP: 393657101    ISIN: US3936571013    SEDOL: 2387530

The Greenbrier Companies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William A. Furman   Mgmt   For   For
Elect Director C. Bruce Ward   Mgmt   For   For
Elect Director Charles J. Swindells   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Actuant Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATU    10-Jan-12    USA    00508X203    Annual    14-Nov-11

 

CUSIP: 00508X203    ISIN: US00508X2036    SEDOL: 2716792

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Arzbaecher   Mgmt   For   For
Elect Director Gurminder S. Bedi   Mgmt   For   For
Elect Director Gustav H.p. Boel   Mgmt   For   For
Elect Director Thomas J. Fischer   Mgmt   For   For
Elect Director William K. Hall   Mgmt   For   For
Elect Director R. Alan Hunter   Mgmt   For   For
Elect Director Robert A. Peterson   Mgmt   For   For
Elect Director Holly A. Van Deursen   Mgmt   For   For
Elect Director Dennis K. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  

HealthSpring, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HS    12-Jan-12    USA    42224N101    Special    08-Dec-11

 

CUSIP: 42224N101    ISIN: US42224N1019    SEDOL: B0Y4Z91

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition.proposals on a case-by-case basis.  
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1.      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1.      

Ariba, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ARBA    20-Jan-12    USA    04033V203    Annual    01-Dec-11

 

CUSIP: 04033V203    ISIN: US04033V2034    SEDOL: B01RQB2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Harriet Edelman   Mgmt   For   For
Elect Director Richard A. Kashnow   Mgmt   For   For
Elect Director Robert D. Johnson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Ratify Auditors   Mgmt   For   For

Siemens AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIE    24-Jan-12    Germany    D69671218    Annual   

 

CUSIP: D69671218    ISIN: DE0007236101    SEDOL: 5727973

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proposals   Mgmt    
Receive Financial Statements and Statutory Reports for Fiscal 2010/2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 3.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2010/2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2010/2011   Mgmt   For   For
Ratify Ernst & Young GmbH as Auditors for Fiscal 2011/2012   Mgmt   For   For
Shareholder Proposal Submitted by Verein von Belegschaftsaktionaeren in der Siemens AG e.V Muenchen   Mgmt    
Amend Articles Re: Female Representation on the Supervisory Board   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.  

Johnson Controls, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JCI    25-Jan-12    USA    478366107    Annual    17-Nov-11

 

CUSIP: 478366107    ISIN: US4783661071    SEDOL: 2476803

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis W. Archer   Mgmt   For   For
Elect Director Mark P. Vergnano   Mgmt   For   For
Elect Director Richard Goodman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.  

Jacobs Engineering Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JEC    26-Jan-12    USA    469814107    Annual    02-Dec-11

 

CUSIP: 469814107    ISIN: US4698141078    SEDOL: 2469052

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Noel G. Watson   Mgmt   For   For
Elect Director Joseph R. Bronson   Mgmt   For   For
Elect Director Peter J. Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Sally Beauty Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBH    26-Jan-12    USA    79546E104    Annual    28-Nov-11

 

CUSIP: 79546E104    ISIN: US79546E1047    SEDOL: B1GZ005

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth A. Giuriceo   Mgmt   For   For
Elect Director Robert R. McMaster   Mgmt   For   For
Elect Director Martha Miller   Mgmt   For   For
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

ViaSat, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VSAT    27-Jan-12    USA    92552V100    Annual    06-Dec-11

 

CUSIP: 92552V100    ISIN: US92552V1008    SEDOL: 2946243

ViaSat, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mark Dankberg   Mgmt   For   For
Elect Director Michael Targoff   Mgmt   For   For
Elect Director Harvey White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   Two Years   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.

Microsemi Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSCC    31-Jan-12    USA    595137100    Annual    05-Dec-11

 

CUSIP: 595137100    ISIN: US5951371005    SEDOL: 2588140

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James J. Peterson   Mgmt   For   For
Elect Director Dennis R. Leibel   Mgmt   For   For
Elect Director Thomas R. Anderson   Mgmt   For   For
Elect Director William E. Bendush   Mgmt   For   For
Elect Director William L. Healey   Mgmt   For   For
Elect Director Paul F. Folino   Mgmt   For   For
Elect Director Matthew E. Massengill   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM votes for an annual advisory vote on executive compensation.  
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Visa Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
V    31-Jan-12    USA    92826C839    Annual    05-Dec-11

 

CUSIP: 92826C839    ISIN: US92826C8394    SEDOL: B2PZN04

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary P. Coughlan   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Francisco Javier Fernandez-Carbajal   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Cathy E. Minehan   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director David J. Pang   Mgmt   For   For
Elect Director Joseph W. Saunders   Mgmt   For   For
Elect Director William S. Shanahan   Mgmt   For   For
Elect Director John A. Swainson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

Imperial Tobacco Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IMT    01-Feb-12    United Kingdom    G4721W102    Annual    30-Jan-12

 

CUSIP: G4721W102    ISIN: GB0004544929    SEDOL: 0454492

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Ken Burnett as Director   Mgmt   For   For
Re-elect Alison Cooper as Director   Mgmt   For   For

Imperial Tobacco Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Robert Dyrbus as Director   Mgmt   For   For
Re-elect Michael Herlihy as Director   Mgmt   For   For
Re-elect Susan Murray as Director   Mgmt   For   For
Re-elect Iain Napier as Director   Mgmt   For   For
Re-elect Berge Setrakian as Director   Mgmt   For   For
Re-elect Mark Williamson as Director   Mgmt   For   For
Elect Malcolm Wyman as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Emerson Electric Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EMR    07-Feb-12    USA    291011104    Annual    29-Nov-11

 

CUSIP: 291011104    ISIN: US2910111044    SEDOL: 2313405

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Fernandez G.   Mgmt   For   For
Elect Director A.F. Golden   Mgmt   For   For
Elect Director W.R. Johnson   Mgmt   For   For
Elect Director J.B. Menzer   Mgmt   For   For
Elect Director A.A. Busch, III   Mgmt   For   For
Elect Director R.I. Ridgway   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Emerson Electric Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Sustainability   SH   Against   For
Policy Rationale: TDAM supports disclosure related proposals.      
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.      

Accenture plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSA    09-Feb-12    Ireland    G1151C101    Annual    12-Dec-11

 

CUSIP: G1151C101    ISIN: IE00B4BNMY34    SEDOL: B412KX5

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Reelect Dina Dublon as a Director   Mgmt   For   For
Reelect William D. Green as a Director   Mgmt   For   For
Reelect Nobuyuki Idei as a Director   Mgmt   For   For
Reelect Marjorie Magner as a Director   Mgmt   For   For
Approve Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported Classified Boards are typically opposed.  
Authorize the Holding of the 2013 AGM at a Location Outside Ireland   Mgmt   For   For
Authorize Open-Market Purchases of Class A Ordinary Shares   Mgmt   For   For
Determine the Price Range at which Accenture Plc can Re-issue Shares that it Acquires as Treasury Stock   Mgmt   For   For

Magma Design Automation, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LAVA    16-Feb-12    USA    559181102    Special    06-Jan-12

 

CUSIP: 559181102    ISIN: US5591811022    SEDOL: 2814265

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.  
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Refer to Item 1      
Advisory Vote on Golden Parachutes   Mgmt   For   For
Policy Rationale: Regarding Item 1      

Ruddick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDK    16-Feb-12    USA    781258108    Annual    09-Dec-11

 

CUSIP: 781258108    ISIN: US7812581087    SEDOL: 2758482

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John R. Belk   Mgmt   For   For
Elect Director John P. Derham Cato   Mgmt   For   For
Elect Director Thomas W. Dickson   Mgmt   For   For
Elect Director James E.S. Hynes   Mgmt   For   For
Elect Director Anna Spangler Nelson   Mgmt   For   For
Elect Director Bailey W. Patrick   Mgmt   For   For
Elect Director Robert H. Spilman, Jr.   Mgmt   For   For
Elect Director Harold C. Stowe   Mgmt   For   For
Elect Director Isaiah Tidwell   Mgmt   For   For
Elect Director William C. Warden, Jr.   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.      
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ruddick Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Apple Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAPL    23-Feb-12    USA    037833100    Annual    27-Dec-11

 

CUSIP: 037833100    ISIN: US0378331005    SEDOL: 2046251

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William V. Campbell   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 73.6 percent of votes cast at the previous AGM. The company continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Campbell, Drexler, and Gore, who serve on the Nominating and Corporate Governance Committee of the board.
Elect Director Timothy D. Cook   Mgmt   For   For
Elect Director Millard S. Drexler   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Al Gore   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Arthur D. Levinson   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Prepare Conflict of Interest Report   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

Apple Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Directors’ Compensation   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.      
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.  

Sirona Dental Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIRO    23-Feb-12    USA    82966C103    Annual    27-Dec-11

 

CUSIP: 82966C103    ISIN: US82966C1036    SEDOL: B17MSX4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David K. Beecken   Mgmt   For   For
Elect Director Jost Fischer   Mgmt   For   For
Elect Director Arthur D. Kowaloff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers' Compensation   Mgmt   For   For

Nordson Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDSN    28-Feb-12    USA    655663102    Annual    03-Jan-12

 

CUSIP: 655663102    ISIN: US6556631025    SEDOL: 2641838

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Merriman, Jr   Mgmt   For   For
Elect Director Frank M. Jaehnert   Mgmt   For   For
Elect Director Arthur L. George, Jr.   Mgmt   For   For

Nordson Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Annual    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adam K. Bernstein   Mgmt   For   For
Elect Director Jeffrey Flug   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

PennantPark Investment Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNNT    28-Feb-12    USA    708062104    Special    13-Dec-11

 

CUSIP: 708062104    ISIN: US7080621045    SEDOL: B1W5VY0

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Sale of Common Shares Below Net Asset Value   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.  

Multi-Fineline Electronix, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFLX    05-Mar-12    USA    62541B101    Annual    09-Jan-12

 

CUSIP: 62541B101    ISIN: US62541B1017    SEDOL: B011MJ4

Multi-Fineline Electronix, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe Lemaitre   Mgmt   For   For
Elect Director Donald K. Schwanz   Mgmt   For   For
Elect Director See Meng Wong   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

QUALCOMM Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QCOM    06-Mar-12    USA    747525103    Annual    09-Jan-12

 

CUSIP: 747525103    ISIN: US7475251036    SEDOL: 2714923

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barbara T. Alexander   Mgmt   For   For
Elect Director Stephen M. Bennett   Mgmt   For   For
Elect Director Donald G. Cruickshank   Mgmt   For   For
Elect Director Raymond V. Dittamore   Mgmt   For   For
Elect Director Thomas W. Horton   Mgmt   For   For
Elect Director Paul E. Jacobs   Mgmt   For   For
Elect Director Robert E. Kahn   Mgmt   For   For
Elect Director Sherry Lansing   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the company to initiate the appropriate process to amend the Company’s articles of incorporation and/or bylaws to provide that director nominees shall be elected by the affirmative vote of the majority of votes cast at an annual meeting of shareholders, with a plurality vote standard retained for contested director elections obtained the affirmative vote of 51.5 percent of votes cast at the previous AGM. Although the company has adopted a director resignation policy, it continues to employ a plurality vote standard for the election of directors. Consequently, TDAM will oppose the elections of Lansing, Ros, and Scowcroft, who serve on the Corporate Governance Committee of the board.
Elect Director Duane A. Nelles   Mgmt   For   For
Elect Director Francisco Ros   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

QUALCOMM Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brent Scowcroft   Mgmt   For   Withhold
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc I. Stern   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Eliminate Provision Relating to Plurality Voting for the Election of Directors   Mgmt   For   For
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.

Parametric Technology Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PMTC    07-Mar-12    USA    699173209    Annual    06-Jan-12

 

CUSIP: 699173209    ISIN: US6991732099    SEDOL: B103771

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald K. Grierson   Mgmt   For   For
Elect Director James E. Heppelmann   Mgmt   For   For
Elect Director Renato Zambonini   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

Piedmont Natural Gas Company, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNY    08-Mar-12    USA    720186105    Annual    03-Jan-12

 

CUSIP: 720186105    ISIN: US7201861058    SEDOL: 2688147

Piedmont Natural Gas Company, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director E. James Burton   Mgmt   For   For
Elect Director John W. Harris   Mgmt   For   For
Elect Director Aubrey B. Harwell, Jr.   Mgmt   For   For
Elect Director David E. Shi   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Reduce Supermajority Vote Requirement in the Articles of Incorporation   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Reduce Supermajority Vote Requirement in the Bylaws   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

El Paso Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EP    09-Mar-12    USA    28336L109    Special    20-Jan-12

 

CUSIP: 28336L109    ISIN: US28336L1098    SEDOL: 2295945

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Policy Rationale: Regarding Item 1
Advisory Vote on Golden Parachutes   Mgmt   For   For

The Walt Disney Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DIS    13-Mar-12    USA    254687106    Annual    13-Jan-12

 

CUSIP: 254687106    ISIN: US2546871060    SEDOL: 2270726

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan E. Arnold   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Judith L. Estrin   Mgmt   For   For
Elect Director Robert A. Iger   Mgmt   For   For
Elect Director Fred H. Langhammer   Mgmt   For   For
Elect Director Aylwin B. Lewis   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Robert W. Matschullat   Mgmt   For   For
Elect Director Sheryl Sandberg   Mgmt   For   For
Elect Director Orin C. Smith   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed, TDAM normally opposes option/compensation plans when full plan text is not included in the circular.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Concur Technologies, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNQR    14-Mar-12    USA    206708109    Annual    18-Jan-12

 

CUSIP: 206708109    ISIN: US2067081099    SEDOL: 2325091

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. Steven Singh   Mgmt   For   For
Elect Director Jeffrey T. Seely   Mgmt   For   For
Elect Director Randall H. Talbot   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Concur Technologies, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against

Franklin Resources, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BEN    14-Mar-12    USA    354613101    Annual    17-Jan-12

 

CUSIP: 354613101    ISIN: US3546131018    SEDOL: 2350684

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel H. Armacost   Mgmt   For   For
Elect Director Charles Crocker   Mgmt   For   For
Elect Director Joseph R. Hardiman   Mgmt   For   For
Elect Director Charles B. Johnson   Mgmt   For   For
Elect Director Gregory E. Johnson   Mgmt   For   For
Elect Director Rupert H. Johnson, Jr.   Mgmt   For   For
Elect Director Mark C. Pigott   Mgmt   For   For
Elect Director Chutta Ratnathicam   Mgmt   For   For
Elect Director Laura Stein   Mgmt   For   For
Elect Director Anne M. Tatlock   Mgmt   For   For
Elect Director Geoffrey Y. Yang   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Bilbao Vizcaya Argentaria, S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBVA    15-Mar-12    Spain    E11805103    Annual    08-Mar-12

 

CUSIP: E11805103    ISIN: ES0113211835    SEDOL: 5501906

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    

Banco Bilbao Vizcaya Argentaria, S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Standalone and Consolidated Financial Statements, Allocation of Income, Distribution of Dividend, and Discharge Directors for FY 2011   Mgmt   For   For
Reelect José Antonio Fernández Rivero as Director   Mgmt   For   For
Reelect José Maldonado Ramos as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Enrique Medina Fernández as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Ratify Co-option and Appoint Juan Pi Llorens as Director   Mgmt   For   For
Elect Belén Garijo López as Director   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of New Shares, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Approve Increase in Capital via Issuance of New Shares Charged to Voluntary Reserves   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities Without Preemptive Rights up to EUR 12 Billion   Mgmt   For   For
Amend and Approve Termination of Multi-Year Variable Share Remuneration Programme for 2010/2011   Mgmt   For   For
Approve Deferred Share Bonus Plan for FY 2012   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend Articles   Mgmt   For   For
Amend General Meeting Regulations   Mgmt   For   For
Ratify Deloitte as Auditors   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Hewlett-Packard Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HPQ    21-Mar-12    USA    428236103    Annual    23-Jan-12

 

CUSIP: 428236103    ISIN: US4282361033    SEDOL: 2424006

Hewlett-Packard Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director Shumeet Banerji   Mgmt   For   For
Elect Director Rajiv L. Gupta   Mgmt   For   For
Elect Director John H. Hammergren   Mgmt   For   For
Elect Director Raymond. J. Lane   Mgmt   For   For
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director G. M. Reiner   Mgmt   For   For
Elect Director Patricia. F. Russo   Mgmt   For   For
Elect Director G. Kennedy Thompson   Mgmt   For   For
Elect Director Margaret C. Whitman   Mgmt   For   For
Elect Director Ralph. V. Whitworth   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Retention Ratio for Executives   SH   Against   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Novo Nordisk A/S

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOVO B    21-Mar-12    Denmark    K7314N152    Annual    14-Mar-12

 

CUSIP: K7314N152    ISIN: DK0060102614    SEDOL: 7077524

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Report of Board   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration of Directors for 2011 in the Aggregate Amount of DKK 9,400,000   Mgmt   For   For
Approve Remuneration of Directors for 2012; Approve Fees for Committee Work   Mgmt   For   For
Approve Allocation of Income and Dividends of DKK 14.00 per Share   Mgmt   For   For
Reelect Sten Scheibye as Chairman   Mgmt   For   For

Novo Nordisk A/S

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Goran Ando as Vice Chairman   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bruno Angelici as Director   Mgmt   For   For
Reelect Henrik Gurtler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Thomas Koestler as Director   Mgmt   For   For
Reelect Kurt Nielsen as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Hannu Ryopponen as Director   Mgmt   For   For
Elect Liz Hewitt as New Director   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve DKK 20 Million Reduction in Share Capital via Share Cancellation   Mgmt   For   For
Authorize Repurchase up to 10 Percent of Share Capital   Mgmt   For   For
Amend Articles Re: Electronic Communication With Shareholders   Mgmt   For   For
Amend Articles to Reflect Name Change of the Danish Business Authority   Mgmt   For   For
Approve Revised Remuneration Principles   Mgmt   For   For
Other Business   Mgmt    

Nordea Bank AB

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NDA    22-Mar-12    Sweden    W57996105    Annual    16-Mar-12

 

CUSIP: W57996105    ISIN: SE0000427361    SEDOL: 5380031

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Claes Beyer as Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive CEO’s Speech   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.26 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (9) and Deputy Members (0) of Board   Mgmt   For   For
Fix Number of Auditors at One   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 252,000 for Chairman, EUR 97,650 for Deputy Chairman, and EUR 75,600 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Items 13.1 and 13.2 are Presented as a Single Item (Item 13) Mgmt on the Original Agenda. Item 13.1 Represents the Election of the Management’s Slate for Directors, whereas Item 13.2 is a Shareholder Proposal to Elect an Additional Director   Mgmt    
Reelect Bjorn Wahlroos (Chairman), Stine Bosse, Marie Ehrling, Svein Jacobsen, Tom Knutzen, Lars Nordstrom, Sarah Russell, and Kari Stadigh as Directors; Elect Peter Braunwalder as New Director   Mgmt   For   For
Elect Jorgen Hyldgaard as New Director   SH   None   Do Not Vote
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify KPMG as Auditors   Mgmt   For   For
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Authorize Repurchase of Shares in Connection with Securities Trading   Mgmt   For   For
Approve Remuneration Policy and Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan   Mgmt   For   For
Approve Issuance of up to 2.7 Million Class C-Shares, Approve Repurchase of up to 2.7 Million Class C-Shares, Approve Reallocation of Shares, and Approve Conveyance of up to 7.8 Million Class C-Shares   Mgmt   For   For
Shareholder Proposals   Mgmt    

Nordea Bank AB

 

  Proponent   Mgmt Rec   Vote Instruction
Detach Remuneration from Economic Criteria; Reduce Director and Executive Management Remuneration by 10-20 percent; Allow Moral Criteria to Determine Remuneration; Specify how Financial Advisory Engagements are Evaluated   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

HEICO Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HEI    26-Mar-12    USA    422806109    Annual    20-Jan-12

 

CUSIP: 422806109    ISIN: US4228061093    SEDOL: 2419217

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Adolfo Henriques   Mgmt   For   For
Elect Director Samuel L. Higginbottom   Mgmt   For   For
Elect Director Mark H. Hildebrandt   Mgmt   For   For
Elect Director Wolfgang Mayrhuber   Mgmt   For   For
Elect Director Eric A. Mendelson   Mgmt   For   For
Elect Director Laurans A. Mendelson   Mgmt   For   For
Elect Director Victor H. Mendelson   Mgmt   For   For
Elect Director Alan Schriesheim   Mgmt   For   For
Elect Director Frank J. Schwitter   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Increase Authorized Class A Common Stock   Mgmt   For   Against
Policy Rationale: Approval of this proposal does not warrant support given that the size of the requested increase is excessive (45,000,000 shares is above the allowable increase of 30,000,000 shares).
Ratify Auditors   Mgmt   For   For

CLARCOR Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLC    27-Mar-12    USA    179895107    Annual    03-Feb-12

 

CUSIP: 179895107    ISIN: US1798951075    SEDOL: 2201265

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director J. Marc Adam   Mgmt   For   For
Elect Director James W. Bradford, Jr.   Mgmt   For   For
Elect Director James L. Packard   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Banco Santander S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    29-Mar-12    Spain    E19790109    Annual    22-Mar-12

 

CUSIP: E19790109    ISIN: ES0113900J37    SEDOL: 5705946

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Accept Individual and Consolidated Financial Statements and Statutory Reports for FY 2011   Mgmt   For   For
Approve Discharge of Directors for FY 2011   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.60 Per Share   Mgmt   For   For
Elect Esther Gimenez-Salinas Colomer as Director   Mgmt   For   For
Ratify Appointment of and Elect Vittorio Corbo Lioi as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Juan Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Emilio Botin-Sanz de Sautuola y Garcia de los Rios as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Matias Rodriguez Inciarte as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.

Banco Santander S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Manuel Soto Serrano as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Renew Appointment of Deloitte as Auditor   Mgmt   For   For
Amend Articles 22, 23, 24, 27, 31, and 61   Mgmt   For   For
Amend Article 69   Mgmt   For   For
Amend 4, 5, 6, 7, and 8 of General Meeting Regulations   Mgmt   For   For
Amend Articles 18, 19, 21, 22, and 26 of General Meeting Regulations   Mgmt   For   For
Authorize Capital Increase of EUR 500 Million   Mgmt   For   For
Authorize Increase in Capital up to 50 Percent via Issuance of Equity or Equity-Linked Securities, Excluding Preemptive Rights of up to 20 Percent   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Capital Increase Charged against Voluntary Reserves for Bonus Issue; Amend Article 5 of Bylaws Accordingly; Approve Listing of Shares   Mgmt   For   For
Authorize Issuance of Convertible Debt Securities up to EUR 8 Billion with 20 Percent Dilution Limit on Issues Excluding Preemptive Rights   Mgmt   For   For
Authorize Issuance of Non-convertible Debt and Fixed- Income Securities up to EUR 40 Billion   Mgmt   For   For
Approve New Conversion Date for 2007 Mandatorily Convertible Debentures   Mgmt   For   For
Approve Deferred Annual Bonus under Second Cycle of Deferred and Conditional Variable Remuneration Plan   Mgmt   For   For
Approve Deferred Annual Share Bonus Plan under Third Cycle of Deferred and Conditional Share Plan   Mgmt   For   For
Approve Savings Plan for Santander UK plc Employees and Other Companies of Santander Group in UK   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

Canon Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7751    29-Mar-12    Japan    J05124144    Annual    31-Dec-11

 

CUSIP: J05124144    ISIN: JP3242800005    SEDOL: 6172323

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 60   Mgmt   For   For
Amend Articles To Authorize Internet Disclosure of Shareholder Meeting Materials - Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Mitarai, Fujio   Mgmt   For   For
Elect Director Tanaka, Toshizo   Mgmt   For   For
Elect Director Ikoma, Toshiaki   Mgmt   For   For
Elect Director Watanabe, Kunio   Mgmt   For   For
Elect Director Adachi, Yoroku   Mgmt   For   For
Elect Director Mitsuhashi, Yasuo   Mgmt   For   For
Elect Director Matsumoto, Shigeyuki   Mgmt   For   For
Elect Director Homma, Toshio   Mgmt   For   For
Elect Director Nakaoka, Masaki   Mgmt   For   For
Elect Director Honda, Haruhisa   Mgmt   For   For
Elect Director Ozawa, Hideki   Mgmt   For   For
Elect Director Maeda, Masaya   Mgmt   For   For
Elect Director Tani, Yasuhiro   Mgmt   For   For
Elect Director Araki, Makoto   Mgmt   For   For
Elect Director Suematsu, Hiroyuki   Mgmt   For   For
Elect Director Uzawa, Shigeyuki   Mgmt   For   For
Elect Director Nagasawa, Kenichi   Mgmt   For   For
Elect Director Otsuka, Naoji   Mgmt   For   For
Appoint Statutory Auditor Uramoto, Kengo   Mgmt   For   For
Approve Retirement Bonus Payment for Directors   Mgmt   For   Against

Policy Rationale: Approval of this proposal is not warranted because the bonus amounts are not disclosed.

Approve Annual Bonus Payment to Directors   Mgmt   For   For

Daimler AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAI    04-Apr-12    Germany    D1668R123    Annual   

 

CUSIP: D1668R123    ISIN: DE0007100000    SEDOL: 5529027

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.20 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Reelect Clemens Boersig to the Supervisory Board   Mgmt   For   For

LVMH Moet Hennessy Louis Vuitton

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MC    05-Apr-12    France    F58485115    Annual/Special    30-Mar-12

 

CUSIP: F58485115    ISIN: FR0000121014    SEDOL: 4061412

 

  Mgmt Rec   Instruction   Vote Proponent
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM votes against this item because the company failed to provide adequate information (notably rationale and price setting conditions) on an assistance agreement involving the majority shareholder of LVMH, Groupe Arnault SAS, controlled by the chairman and CEO of the company.
Approve Allocation of Income and Dividends of EUR 2.60 per Share   Mgmt   For   For
Ratify Appointment of Francesco Trapani as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Appointment of Felix G. Rohatyn as Censor   Mgmt   For   Against
Policy Rationale: TDAM votes against this item as the company has failed to disclose an appropriate rationale for the nominee’s requested appointment.

LVMH Moet Hennessy Louis Vuitton

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Antoine Arnault as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Albert Frere as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Gilles Hennessy as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Lord Powell Of Bayswater as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Yves Thibault De Silguy as Director   Mgmt   For   For
Approve Remuneration of Directors in the Aggregate Amount of EUR 1.26 Million   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Amend Article 23 of Bylaws Re: Convening of General Meeting upon Second Call and Proxy Voting   Mgmt   For   For

Schlumberger Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLB    11-Apr-12    NetherlandsAntilles    806857108    Annual    22-Feb-12

 

CUSIP: 806857108    ISIN: AN8068571086    SEDOL: 2779201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter L.S. Currie   Mgmt   For   For
Elect Director Tony Isaac   Mgmt   For   For
Elect Director K. Vaman Kamath   Mgmt   For   For
Elect Director Paal Kibsgaard   Mgmt   For   For

Schlumberger Limited

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nikolay Kudryavtsev   Mgmt   For   For
Elect Director Adrian Lajous   Mgmt   For   For
Elect Director Michael E. Marks   Mgmt   For   For
Elect Director Elizabeth Moler   Mgmt   For   For
Elect Director Lubna S. Olayan   Mgmt   For   For
Elect Director Leo Rafael Reif   Mgmt   For   For
Elect Director Tore I. Sandvold   Mgmt   For   For
Elect Director Henri Seydoux   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt and Approve Financials and Dividends   Mgmt   For   For
Ratify PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: The plan includes restricted stock and performance goals or hurdle rates were not established. TDAM generally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.

BP plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BP.    12-Apr-12    United Kingdom    G12793108    Annual    10-Apr-12

 

CUSIP: G12793108    ISIN: GB0007980591    SEDOL: 0798059

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Robert Dudley as Director   Mgmt   For   For
Re-elect Iain Conn as Director   Mgmt   For   For
Elect Dr Brian Gilvary as Director   Mgmt   For   For
Re-elect Dr Byron Grote as Director   Mgmt   For   For
Re-elect Paul Anderson as Director   Mgmt   For   For
Re-elect Frank Bowman as Director   Mgmt   For   For

BP plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Antony Burgmans as Director   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect George David as Director   Mgmt   For   For
Re-elect Ian Davis as Director   Mgmt   For   For
Elect Dame Ann Dowling as Director   Mgmt   For   For
Re-elect Brendan Nelson as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Elect Andrew Shilston as Director   Mgmt   For   For
Re-elect Carl-Henric Svanberg as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vinci SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DG    12-Apr-12    France    F5879X108    Annual/Special    06-Apr-12

 

CUSIP: F5879X108    ISIN: FR0000125486    SEDOL: B1XH026

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.77 per Share   Mgmt   For   For
Reelect Jean Pierre Lamoure as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Vinci SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Related Party Transaction Re: Financing of Sud Europe Atlantique High Speed Railway Project   Mgmt   For   For
Approve Related Party Transaction of Vinci and Vinci Concessions with Vinci Autoroutes Re: Participation in ASF Holding   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   Against
Policy Rationale: TDAM approval is not warranted as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, the plan may increase employee shareholding to approximately 13.3 percent, which is deemed excessive.
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Weyerhaeuser Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WY    12-Apr-12    USA    962166104    Annual    17-Feb-12

 

CUSIP: 962166104    ISIN: US9621661043    SEDOL: 2958936

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Debra A. Cafaro   Mgmt   For   For
Elect Director Mark A. Emmert   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At the company’s 2010 annual meeting, the company received a shareholder proposal asking the company to amend its bylaws to give holders of ten percent of outstanding shares the right to call special meetings. This shareholder proposal received 55.1 percent of votes cast. At the 2011 AGM the company submitted a management proposal to allow the holders of not less than 25 percent of outstanding shares to call a special meeting. The majority supported shareholder resolution is still not implemented. Consequently, TDAM would normally oppose the members of the Governance Committee Emmert, Piasecki, Sinkfield, and Steuert. As the company is in the process of declassifyng the board, not all directors are proposed for election at this meeting.
Elect Director Daniel S. Fulton   Mgmt   For   For

Weyerhaeuser Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John I. Kieckhefer   Mgmt   For   For
Elect Director Wayne W. Murdy   Mgmt   For   For
Elect Director Nicole W. Piasecki   Mgmt   For   Against
Policy Rationale: TDAM prefers opposing the slate of nominees (or specific nominees where possible) if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Charles R. Williamson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

A. O. Smith Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AOS    16-Apr-12    USA    831865209    Annual    20-Feb-12

 

CUSIP: 831865209    ISIN: US8318652091    SEDOL: 2816023

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gloster B. Current, Jr.   Mgmt   For   For
Elect Director William P. Greubel   Mgmt   For   For
Elect Director Idelle K. Wolf   Mgmt   For   For
Elect Director Gene C. Wulf   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Chemical Financial Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHFC    16-Apr-12    USA    163731102    Annual    17-Feb-12

 

CUSIP: 163731102    ISIN: US1637311028    SEDOL: 2190277

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Anderson   Mgmt   For   For
Elect Director J. Daniel Bernson   Mgmt   For   For
Elect Director Nancy Bowman   Mgmt   For   For
Elect Director James R. Fitterling   Mgmt   For   For
Elect Director Thomas T. Huff   Mgmt   For   For
Elect Director Michael T. Laethem   Mgmt   For   For
Elect Director James B. Meyer   Mgmt   For   For
Elect Director Terence F. Moore   Mgmt   For   For
Elect Director Aloysius J. Oliver   Mgmt   For   For
Elect Director David B. Ramaker   Mgmt   For   For
Elect Director Grace O. Shearer   Mgmt   For   For
Elect Director Larry D. Stauffer   Mgmt   For   For
Elect Director Franklin C. Wheatlake   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Citigroup Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
C    17-Apr-12    USA    172967424    Annual    21-Feb-12

 

CUSIP: 172967424    ISIN: US1729674242    SEDOL: 2297907

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Franz B. Humer   Mgmt   For   For

Citigroup Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert L. Joss   Mgmt   For   For
Elect Director Michael E. O’Neill   Mgmt   For   For
Elect Director Vikram S. Pandit   Mgmt   For   For
Elect Director Lawrence R. Ricciardi   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Elect Director Anthony M. Santomero   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director William S. Thompson, Jr.   Mgmt   For   For
Elect Director Ernesto Zedillo Ponce de Leon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM normally opposes option/compensation plans when full plan text is not included in the circular, and will oppose incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance. In this case, only certain awards vest based on the attainment of business performance goals, and these objectives are not specified in the plan.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Political Contributions and Lobbying Expenditures   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as the company has already effectively imposed incentives for senior executives to align their decision-making with the long-term interests of the company.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Pinnacle Financial Partners, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PNFP    17-Apr-12    USA    72346Q104    Annual    24-Feb-12

 

CUSIP: 72346Q104    ISIN: US72346Q1040    SEDOL: 2675097

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Colleen Conway-Welch   Mgmt   For   For
Elect Director Ed C. Loughry, Jr.   Mgmt   For   For
Elect Director Hal N. Pennington   Mgmt   For   For
Elect Director M. Terry Turner   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Prosperity Bancshares, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PB    17-Apr-12    USA    743606105    Annual    08-Mar-12

 

CUSIP: 743606105    ISIN: US7436061052    SEDOL: 2310257

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bouligny   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to eliminate the classification of the Board of Directors of the Company and require that all directors stand for election annually received the support of 66.9 percent of the votes cast at the 2010 AGM. Management has not submitted the declassification proposal to a shareholder’s vote at this year’s annual meeting. Additionally, the company continues to maintain a classified board structure. Consequently, TDAM would normally oppose elections of James A. Bouligny, William H. Fagan, and Robert Steelhammer, who serve on the Nominating and Governance committee of the board. However, given the classified nature of the board, Fagan is not standing for election this year.
Elect Director Robert Steelhammer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director H.E. Timanus, Jr.   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Stanley Black & Decker, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWK    17-Apr-12    USA    854502101    Annual    27-Feb-12

 

CUSIP: 854502101    ISIN: US8545021011    SEDOL: B3Q2FJ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Patrick D. Campbell   Mgmt   For   For
Elect Director Benjamin H. Griswold, IV   Mgmt   For   For
Elect Director Eileen S. Kraus   Mgmt   For   For
Elect Director Robert L. Ryan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

T. Rowe Price Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TROW    17-Apr-12    USA    74144T108    Annual    17-Feb-12

 

CUSIP: 74144T108    ISIN: US74144T1088    SEDOL: 2702337

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward C. Bernard   Mgmt   For   For
Elect Director James T. Brady   Mgmt   For   For
Elect Director J. Alfred Broaddus, Jr.   Mgmt   For   For
Elect Director Donald B. Hebb, Jr.   Mgmt   For   For
Elect Director James A.C. Kennedy   Mgmt   For   For
Elect Director Robert F. MacLellan   Mgmt   For   For
Elect Director Brian C. Rogers   Mgmt   For   For
Elect Director Alfred Sommer   Mgmt   For   For
Elect Director Dwight S. Taylor   Mgmt   For   For
Elect Director Anne Marie Whittemore   Mgmt   For   For

T. Rowe Price Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

EQT Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQT    18-Apr-12    USA    26884L109    Annual    15-Feb-12

 

CUSIP: 26884L109    ISIN: US26884L1098    SEDOL: 2319414

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth M. Burke   Mgmt   For   For
Elect Director Margaret K. Dorman   Mgmt   For   For
Elect Director Philip G. Behrman   Mgmt   For   For
Elect Director A. Bray Cary, Jr.   Mgmt   For   For
Elect Director Lee T. Todd, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: TDAM generally supports the annual election of directors.

Wesbanco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSBC    18-Apr-12    USA    950810101    Annual    05-Mar-12

 

CUSIP: 950810101    ISIN: US9508101014    SEDOL: 2953782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ray A. Byrd   Mgmt   For   For
Elect Director Ernest S. Fragale   Mgmt   For   For

Wesbanco, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reed J. Tanner   Mgmt   For   For
Elect Director John W. Fisher, II   Mgmt   For   For
Elect Director D. Bruce Knox   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Anglo American plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AAL    19-Apr-12    United Kingdom    G03764134    Annual    17-Apr-12

 

CUSIP: G03764134    ISIN: GB00B1XZS820    SEDOL: B1XZS82

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Re-elect Cynthia Carroll as Director   Mgmt   For   For
Re-elect David Challen as Director   Mgmt   For   For
Re-elect Sir CK Chow as Director   Mgmt   For   For
Re-elect Sir Philip Hampton as Director   Mgmt   For   For
Re-elect Rene Medori as Director   Mgmt   For   For
Re-elect Phuthuma Nhleko as Director   Mgmt   For   For
Re-elect Ray O’Rourke as Director   Mgmt   For   For
Re-elect Sir John Parker as Director   Mgmt   For   For
Re-elect Mamphela Ramphele as Director   Mgmt   For   For
Re-elect Jack Thompson as Director   Mgmt   For   For
Re-elect Peter Woicke as Director   Mgmt   For   For
Reappoint Deloitte LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For

Anglo American plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Intuitive Surgical, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ISRG    19-Apr-12    USA    46120E602    Annual    27-Feb-12

 

CUSIP: 46120E602    ISIN: US46120E6023    SEDOL: 2871301

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary S. Guthart   Mgmt   For   For
Elect Director Mark J. Rubash   Mgmt   For   For
Elect Director Lonnie M. Smith   Mgmt   For   For
Amend Stock Option Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Ratify Auditors   Mgmt   For   For

Rio Tinto plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    19-Apr-12    United Kingdom    G75754104    Annual    17-Apr-12

 

CUSIP: G75754104    ISIN: GB0007188757    SEDOL: 0718875

 

  Proponent   Mgmt Rec   Vote Instruction
Resolutions 1 to 16 will be Voted on by Rio Tinto plc and Rio Tinto Limited Shareholders as a Joint Electorate   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For

Rio Tinto plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chris Lynch as Director   Mgmt   For   For
Elect John Varley as Director   Mgmt   For   For
Re-elect Tom Albanese as Director   Mgmt   For   For
Re-elect Robert Brown as Director   Mgmt   For   For
Re-elect Vivienne Cox as Director   Mgmt   For   For
Re-elect Jan du Plessis as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Michael Fitzpatrick as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Richard Goodmanson as Director   Mgmt   For   For
Re-elect Lord Kerr as Director   Mgmt   For   For
Re-elect Paul Tellier as Director   Mgmt   For   For
Re-elect Sam Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Resolutions 17 to 22 will be Voted on by Rio Tinto plc Shareholders Only   Mgmt    
Approve Global Employee Share Plan   Mgmt   For   For
Approve Share Savings Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Vivendi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VIV    19-Apr-12    France    F97982106    Annual    13-Apr-12

 

CUSIP: F97982106    ISIN: FR0000127771    SEDOL: 4834777

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    

Vivendi

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1 per Share   Mgmt   For   For
Reelect Jean-Rene Fourtou as Supervisory Board Member   Mgmt   For   For
Reelect Philippe Donnet as Supervisory Board Member   Mgmt   For   For
Renew Appointment of Ernst et Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Auditex as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Volkswagen AG (VW)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VOW    19-Apr-12    Germany    D94523145    Special    28-Mar-12

 

CUSIP: D94523145    ISIN: DE0007664005    SEDOL: 5497102

 

  Proponent   Mgmt Rec   Vote Instruction
Meeting for Preferred Shareholders   Mgmt    
Approve Creation of EUR 110 Million Pool of Capital without Preemptive Rights   Mgmt   For   For

Wolverine World Wide, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WWW    19-Apr-12    USA    978097103    Annual    01-Mar-12

 

CUSIP: 978097103    ISIN: US9780971035    SEDOL: 2977500

Wolverine World Wide, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alberto L. Grimoldi   Mgmt   For   For
Elect Director Joseph R. Gromek   Mgmt   For   For
Elect Director Brenda J. Lauderback   Mgmt   For   For
Elect Director Shirley D. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

LaSalle Hotel Properties

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LHO    20-Apr-12    USA    517942108    Annual    08-Feb-12

 

CUSIP: 517942108    ISIN: US5179421087    SEDOL: 2240161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey T. Foland   Mgmt   For   For
Elect Director Darryl Hartley-Leonard   Mgmt   For   For
Elect Director William S. McCalmont   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

South Jersey Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SJI    20-Apr-12    USA    838518108    Annual    27-Feb-12

 

CUSIP: 838518108    ISIN: US8385181081    SEDOL: 2825933

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Bracken   Mgmt   For   For

South Jersey Industries, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith S. Campbell   Mgmt   For   For
Elect Director Sheila Hartnett-Devlin   Mgmt   For   For
Elect Director Victor A. Fortkiewicz   Mgmt   For   For
Elect Director Edward J. Graham   Mgmt   For   For
Elect Director Walter M. Higgins, III   Mgmt   For   For
Elect Director Sunita Holzer   Mgmt   For   For
Elect Director Joseph H. Petrowski   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Ratify Auditors   Mgmt   For   For

GDF Suez

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSZ    23-Apr-12    France    F42768105    Annual/Special    17-Apr-12

 

CUSIP: F42768105    ISIN: FR0010208488    SEDOL: B0C2CQ3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.50 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Gerard Mestrallet as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent. TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Jean-Francois Cirelli as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual nominees when the majority of the board is not independent.
Reelect Jean-Louis Beffa as Director   Mgmt   For   For
Reelect Paul Desmarais Jr as Director   Mgmt   For   For
Reelect Lord Simon of Highbury as Director   Mgmt   For   For
Appoint Gerard Lamarche as Censor   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted because the company has failed to provide an adequate rationale on the proposed nomination.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Approve Issuance of up to 20 Percent of Issued Capital Per Year for a Private Placement, up to Aggregate Nominal Amount of EUR 225 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 275 Million   Mgmt   For   For
Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize up to 0.5 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Article 13 of Bylaws Re: Employee Representatives in the Board   Mgmt   For   For

GDF Suez

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles 16 and 17 of Bylaws Re: Age limit of the CEO and the Chairman of the Board   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Approve Payment of Interim Dividends (Shares)   Mgmt   For   For
Shareholder Proposal   Mgmt    
Approve Dividends od EUR 0.83 per Share   SH   Against   Against
Policy Rationale: This item corresponds to the approval of the allocation of income/distribution policy. TDAM votes with management on such proposals.

S&T Bancorp, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STBA    23-Apr-12    USA    783859101    Annual    19-Mar-12

 

CUSIP: 783859101    ISIN: US7838591011    SEDOL: 2781109

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Brenzia   Mgmt   For   For
Elect Director Todd D. Brice   Mgmt   For   For
Elect Director John J. Delaney   Mgmt   For   For
Elect Director Michael J. Donnelly   Mgmt   For   For
Elect Director William J. Gatti   Mgmt   For   For
Elect Director Jeffrey D. Grube   Mgmt   For   For
Elect Director Frank W. Jones   Mgmt   For   For
Elect Director Joseph A. Kirk   Mgmt   For   For
Elect Director David L. Krieger   Mgmt   For   For
Elect Director James V. Milano   Mgmt   For   For
Elect Director James C. Miller   Mgmt   For   For
Elect Director Alan Papernick   Mgmt   For   For
Elect Director Robert Rebich, Jr.   Mgmt   For   For
Elect Director Charles A. Spadafora   Mgmt   For   For
Elect Director Christine J. Toretti   Mgmt   For   For
Elect Director Charles G. Urtin   Mgmt   For   For

S&T Bancorp, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Advisory Vote on Say on Pay Frequency   Mgmt   One Year   One Year
Policy Rationale: TDAM supports an annual advisory vote on executive compensation.

Seaboard Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEB    23-Apr-12    USA    811543107    Annual    27-Feb-12

 

CUSIP: 811543107    ISIN: US8115431079    SEDOL: 2786687

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Bresky   Mgmt   For   Withhold
Policy Rationale: Items 1.1 - 1.5: TDAM generally recommends opposing Boards or specific nominees if possible, who previously authorized excessive compensation. In this case, the inclusion of excessive change in control or severance payments is a matter of concern, in particular, certain agreements contain guaranteed bonus and excessive severance provisions. In addition, support for the election of Steven J. Bresky is not warranted as TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director David A. Adamsen   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Douglas W. Baena   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Joseph E. Rodrigues   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Elect Director Edward I. Shifman, Jr.   Mgmt   For   Withhold
Policy Rationale: Refer to Item 1.1
Ratify Auditors   Mgmt   For   For
Animal Welfare   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Centene Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNC    24-Apr-12    USA    15135B101    Annual    24-Feb-12

 

CUSIP: 15135B101    ISIN: US15135B1017    SEDOL: 2807061

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert K. Ditmore   Mgmt   For   For
Elect Director Frederick H. Eppinger   Mgmt   For   For
Elect Director David L. Steward   Mgmt   For   For
Elect Director Orlando Ayala   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Dana Holding Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DAN    24-Apr-12    USA    235825205    Annual    24-Feb-12

 

CUSIP: 235825205    ISIN: US2358252052    SEDOL: B2PFJR3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Virginia A. Kamsky   Mgmt   For   For
Elect Director Terrence J. Keating   Mgmt   For   For
Elect Director Joseph C. Muscari   Mgmt   For   For
Elect Director Steven B. Schwarzwaelder   Mgmt   For   For
Elect Director Richard F. Wallman   Mgmt   For   For
Elect Director Keith E. Wandell   Mgmt   For   For
Elect Director Roger J. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

International Business Machines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBM    24-Apr-12    USA    459200101    Annual    24-Feb-12

 

CUSIP: 459200101    ISIN: US4592001014    SEDOL: 2005973

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alain J.P. Belda   Mgmt   For   For
Elect Director William R. Brody   Mgmt   For   For
Elect Director Kenneth I. Chenault   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director David N. Farr   Mgmt   For   For
Elect Director Shirley Ann Jackson   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director W. James McNerney, Jr.   Mgmt   For   For
Elect Director James W. Owens   Mgmt   For   For
Elect Director Samuel J. Palmisano   Mgmt   For   For
Elect Director Virginia M. Rometty   Mgmt   For   For
Elect Director Joan E. Spero   Mgmt   For   For
Elect Director Sidney Taurel   Mgmt   For   For
Elect Director Lorenzo H. Zambrano   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Expenses   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Newmont Mining Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEM    24-Apr-12    USA    651639106    Annual    24-Feb-12

 

CUSIP: 651639106    ISIN: US6516391066    SEDOL: 2636607

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bruce R. Brook   Mgmt   For   For
Elect Director Vincent A. Calarco   Mgmt   For   For
Elect Director Joseph A. Carrabba   Mgmt   For   For
Elect Director Noreen Doyle   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Michael S. Hamson   Mgmt   For   For
Elect Director Jane Nelson   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director John B. Prescott   Mgmt   For   For
Elect Director Donald C. Roth   Mgmt   For   For
Elect Director Simon R. Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Rollins, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROL    24-Apr-12    USA    775711104    Annual    02-Mar-12

 

CUSIP: 775711104    ISIN: US7757111049    SEDOL: 2747305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary W. Rollins   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Elect Director Henry B. Tippie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

RPC, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RES    24-Apr-12    USA    749660106    Annual    02-Mar-12

 

CUSIP: 749660106    ISIN: US7496601060    SEDOL: 2719456

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard A. Hubbell   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Linda H. Graham   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Bill J. Dismuke   Mgmt   For   For
Elect Director Larry L. Prince   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Wells Fargo & Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WFC    24-Apr-12    USA    949746101    Annual    24-Feb-12

 

CUSIP: 949746101    ISIN: US9497461015    SEDOL: 2649100

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Baker, II   Mgmt   For   For
Elect Director Elaine L. Chao   Mgmt   For   For
Elect Director John S. Chen   Mgmt   For   For
Elect Director Lloyd H. Dean   Mgmt   For   For
Elect Director Susan E. Engel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Cynthia H. Milligan   Mgmt   For   For
Elect Director Nicholas G. Moore   Mgmt   For   For
Elect Director Federico F. Pena   Mgmt   For   For
Elect Director Philip J. Quigley   Mgmt   For   For
Elect Director Judith M. Runstad   Mgmt   For   For

Wells Fargo & Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Susan G. Swenson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM generally opposes this item.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Anheuser-Busch InBev SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABI    25-Apr-12    Belgium    B6399C107    Annual/Special    11-Apr-12

 

CUSIP: B6399C107    ISIN: BE0003793107    SEDOL: 4755317

 

  Proponent   Mgmt Rec   Vote Instruction
Annual and Special Meeting   Mgmt    
Special Meeting   Mgmt    
Receive Special Board Report   Mgmt    
Receive Special Auditor Report   Mgmt    
Eliminate Preemptive Rights Re: Issuance of Warrants   Mgmt   For   Against
Policy Rationale: Items A1c, A1d, A1e and A1g: TDAM opposes these items because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices and this practice may compromise non-executive directors’ independence.

Anheuser-Busch InBev SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of 215,000 Warrants   Mgmt   For   Against
Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Re: Issuance of Warrants as Proposed under Item A1d   Mgmt   For   Against
Approve Deviation from Belgian Company Law Provision Re: Grant of Warrants to Non-Executive Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the granting of performance linked remuneration in the form of rights to stock options to non-executive directors conflicts with local corporate governance best practices which is not in shareholders’ best interests.
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   Against
Annual Meeting   Mgmt    
Receive Directors’ Reports (Non-Voting)   Mgmt    
Receive Auditors’ Reports (Non-Voting)   Mgmt    
Receive Consolidated Financial Statements and Statutory   Mgmt    
Reports (Non-Voting)      
Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Approve Discharge of Auditors   Mgmt   For   For
Receive Information on Resignation of Peter Harf as Director   Mgmt    
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: Items B8a and B8b: TDAM opposes these items because shares under the annual incentive bonus may be granted at a 10-percent discount.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant.
Approve Change-of-Control Clause Re : Updated EMTN Program   Mgmt   For   For
Authorize Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry   Mgmt   For   For

Axa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CS    25-Apr-12    France    F06106102    Annual/Special    20-Apr-12

 

CUSIP: F06106102    ISIN: FR0000120628    SEDOL: 7088429

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.69 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Reelect Francois Martineau as Director   Mgmt   For   For
Elect Stefan Lippe as Director   Mgmt   For   For
Elect Doina Palici Chehab as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Fewzia Allaouat as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 8 - 14: Given the overall level of board independence (60 percent) and the disclosed information on the selection process and employee shareholders’ vote results, the election of Doina Palici-Chehab under Item 7 warrants support. Consequently, a vote against these items are warranted.
Elect Olivier Dot Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Herbert Fuchs Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Denis Gouyou Beauchamps Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Thierry Jousset Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Rodney Koch Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Elect Emmanuel Rame Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Renew Appointment of PricewaterhouseCoopers Audit as Auditor   Mgmt   For   For
Ratify Yves Nicoles as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

Axa

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Article 21 of Bylaws Re: Related-Party Transactions   Mgmt   For   Against
Policy Rationale: TDAM opposes Item 21 because of its potentially detrimental consequences in terms of the procedures for related-party transactions.
Amend Article 23 of Bylaws Re: Electronic Signature   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

E. I. du Pont de Nemours and Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DD    25-Apr-12    USA    263534109    Annual    29-Feb-12

 

CUSIP: 263534109    ISIN: US2635341090    SEDOL: 2018175

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Richard H. Brown   Mgmt   For   For
Elect Director Robert A. Brown   Mgmt   For   For
Elect Director Bertrand P. Collomb   Mgmt   For   For
Elect Director Curtis J. Crawford   Mgmt   For   For
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Eleuthere I. Du Pont   Mgmt   For   For
Elect Director Marillyn A. Hewson   Mgmt   For   For
Elect Director Lois D. Juliber   Mgmt   For   For
Elect Director Ellen J. Kullman   Mgmt   For   For
Elect Director Lee M. Thomas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM opposes this proposal as the company has a nomination committee composed entirely of independent directors.

E. I. du Pont de Nemours and Company

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Pay Disparity   SH   Against   Against
Policy Rationale: TDAM support for this item is not merited as the company already provides a Management Say on Pay (MSOP) proposal for shareholders to provide input on the company’s executive compensation practices. Additionally, it is unclear that the requested analysis evaluating and justifying differences in compensation between senior executives and non-executives, as well as other elements of this proposal, would produce meaningful information on the company’s compensation policies and practices.

Eaton Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ETN    25-Apr-12    USA    278058102    Annual    27-Feb-12

 

CUSIP: 278058102    ISIN: US2780581029    SEDOL: 2300883

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alexander M. Cutler   Mgmt   For   For
Elect Director Arthur E. Johnson   Mgmt   For   For
Elect Director Deborah L. McCoy   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

General Electric Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GE    25-Apr-12    USA    369604103    Annual    27-Feb-12

 

CUSIP: 369604103    ISIN: US3696041033    SEDOL: 2380498

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Ann M. Fudge   Mgmt   For   For
Elect Director Susan Hockfield   Mgmt   For   For

General Electric Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey R. Immelt   Mgmt   For   For
Elect Director Andrea Jung   Mgmt   For   For
Elect Director Alan G. Lafley   Mgmt   For   For
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Ralph S. Larsen   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Robert J. Swieringa   Mgmt   For   For
Elect Director James S. Tisch   Mgmt   For   For
Elect Director Douglas A. Warner, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Material Terms of Senior Officer Performance Goals   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Phase Out Nuclear Activities   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director and has a corporate governance and/or a nomination committee composed entirely of independent directors.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM supports this proposal because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.

Signature Bank

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SBNY    25-Apr-12    USA    82669G104    Annual    27-Feb-12

 

CUSIP: 82669G104    ISIN: US82669G1040    SEDOL: B00JQL9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kathryn A. Byrne   Mgmt   For   For
Elect Director Alfonse M. D’Amato   Mgmt   For   For
Elect Director Jeffrey W. Meshel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Teledyne Technologies Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TDY    25-Apr-12    USA    879360105    Annual    01-Mar-12

 

CUSIP: 879360105    ISIN: US8793601050    SEDOL: 2503477

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Simon M. Lorne   Mgmt   For   For
Elect Director Paul D. Miller   Mgmt   For   For
Elect Director Wesley W. von Schack   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

The Coca-Cola Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KO    25-Apr-12    USA    191216100    Annual    27-Feb-12

 

CUSIP: 191216100    ISIN: US1912161007    SEDOL: 2206657

The Coca-Cola Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert A. Allen   Mgmt   For   For
Elect Director Ronald W. Allen   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Richard M. Daley   Mgmt   For   For
Elect Director Barry Diller   Mgmt   For   For
Elect Director Evan G. Greenberg   Mgmt   For   For
Elect Director Alexis M. Herman   Mgmt   For   For
Elect Director Muhtar Kent   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Robert A. Kotick   Mgmt   For   For
Elect Director Maria Elena Lagomasino   Mgmt   For   For
Elect Director Donald F. McHenry   Mgmt   For   For
Elect Director Sam Nunn   Mgmt   For   For
Elect Director James D. Robinson, III   Mgmt   For   For
Elect Director Peter V. Ueberroth   Mgmt   For   For
Elect Director Jacob Wallenberg   Mgmt   For   For
Elect Director James B. Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

1st Source Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SRCE    26-Apr-12    USA    336901103    Annual    17-Feb-12

 

CUSIP: 336901103    ISIN: US3369011032    SEDOL: 2341848

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tracy D. Graham   Mgmt   For   For
Elect Director Allison N. Egidi   Mgmt   For   For
Elect Director Craig A. Kapson   Mgmt   For   For

1st Source Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John T. Phair   Mgmt   For   For
Elect Director Mark D. Schwabero   Mgmt   For   For

AstraZeneca plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AZN    26-Apr-12    United Kingdom    G0593M107    Annual    24-Apr-12

 

CUSIP: G0593M107    ISIN: GB0009895292    SEDOL: 0989529

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Confirm First Interim Dividend; Confirm as Final Dividend the Second Interim Dividend   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Louis Schweitzer as Director   Mgmt   For   For
Re-elect David Brennan as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Elect Genevieve Berger as Director   Mgmt   For   For
Re-elect Bruce Burlington as Director   Mgmt   For   For
Elect Graham Chipchase as Director   Mgmt   For   For
Re-elect Jean-Philippe Courtois as Director   Mgmt   For   For
Elect Leif Johansson as Director   Mgmt   For   For
Re-elect Rudy Markham as Director   Mgmt   For   For
Re-elect Nancy Rothwell as Director   Mgmt   For   For
Re-elect Shriti Vadera as Director   Mgmt   For   For
Re-elect John Varley as Director   Mgmt   For   For
Re-elect Marcus Wallenberg as Director   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For

AstraZeneca plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve 2012 Savings-Related Share Option Scheme   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Boston Private Financial Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BPFH    26-Apr-12    USA    101119105    Annual    02-Mar-12

 

CUSIP: 101119105    ISIN: US1011191053    SEDOL: 2081133

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Herbert S. Alexander   Mgmt   For   For
Elect Director Lynn Thompson Hoffman   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal received support from 72.4 percent of votes cast, representing a majority of the company s shares outstanding. However, in this year’s proposal to declassify the board (see Item 3), management has refrained from recommending in favor of the proposal. A management proposal with other than a FOR recommendation by management is not considered to be sufficient action taken. Therefore, the board has failed to act on this proposal. Accordingly, TDAM would normally oppose the elections of Lynn Thompson Hoffman, Eugene S. Colangelo, William J. Shea, and Stephen M. Waters. However, given the classified nature of the board, Hoffman is the only member of the nominating and governance committee proposed for election this year.
Elect Director John Morton, III   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   None   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

British American Tobacco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BATS    26-Apr-12    United Kingdom    G1510J102    Annual    24-Apr-12

 

CUSIP: G1510J102    ISIN: GB0002875804    SEDOL: 0287580

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Re-elect Richard Burrows as Director   Mgmt   For   For
Re-elect John Daly as Director   Mgmt   For   For
Re-elect Karen de Segundo as Director   Mgmt   For   For
Re-elect Nicandro Durante as Director   Mgmt   For   For
Re-elect Robert Lerwill as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Gerry Murphy as Director   Mgmt   For   For
Re-elect Kieran Poynter as Director   Mgmt   For   For
Re-elect Anthony Ruys as Director   Mgmt   For   For
Re-elect Sir Nicholas Scheele as Director   Mgmt   For   For
Re-elect Ben Stevens as Director   Mgmt   For   For
Elect Ann Godbehere as Director   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

CenterPoint Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNP    26-Apr-12    USA    15189T107    Annual    27-Feb-12

 

CUSIP: 15189T107    ISIN: US15189T1079    SEDOL: 2440637

CenterPoint Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Campbell   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   For
Elect Director O. Holcombe Crosswell   Mgmt   For   For
Elect Director Michael P. Johnson   Mgmt   For   For
Elect Director Janiece M. Longoria   Mgmt   For   For
Elect Director David M. McClanahan   Mgmt   For   For
Elect Director Susan O. Rheney   Mgmt   For   For
Elect Director R. A. Walker   Mgmt   For   For
Elect Director Peter S. Wareing   Mgmt   For   For
Elect Director Sherman M. Wolff   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Corning Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLW    26-Apr-12    USA    219350105    Annual    23-Feb-12

 

CUSIP: 219350105    ISIN: US2193501051    SEDOL: 2224701

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John Seely Brown   Mgmt   For   For
Elect Director Stephanie A. Burns   Mgmt   For   For
Elect Director John A. Canning, Jr.   Mgmt   For   For
Elect Director Richard T. Clark   Mgmt   For   For
Elect Director James B. Flaws   Mgmt   For   For
Elect Director Gordon Gund   Mgmt   For   For
Elect Director Kurt M. Landgraf   Mgmt   For   For
Elect Director Deborah D. Rieman   Mgmt   For   For
Elect Director H. Onno Ruding   Mgmt   For   For
Elect Director Mark S. Wrighton   Mgmt   For   For

Corning Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.

Danone

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BN    26-Apr-12    France    F12033134    Annual/Special    20-Apr-12

 

CUSIP: F12033134    ISIN: FR0000120644    SEDOL: B1Y9TB3

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.39 per Share   Mgmt   For   For
Reelect Richard Goblet D Alviella as Director   Mgmt   For   For
Reelect Jean Laurent as Director   Mgmt   For   For
Reelect Benoit Potier as Director   Mgmt   For   For
Elect Jacques Antoine Granjon as Director   Mgmt   For   For
Elect Mouna Sepehri as Director   Mgmt   For   For
Elect Virginia Stallings as Director   Mgmt   For   For
Approve Auditors’ Special Report Regarding New Related-Party Transaction   Mgmt   For   For
Approve Transactions with J.P. Morgan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because one new transaction deals with consulting services provided by J.P. Morgan Limited, whereas a non-executive director of the company, Isabelle Seillier, is an executive within J.P. Morgan Group. In addition, another transaction deals with a syndicated facility agreement granted notably by J.P. Morgan Group as first rank bank, which, considering Isabelle Seillier’s position at J.P. Morgan Group, creates a situation of potential conflicts of interests within the board.

Danone

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 0.4 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

DCT Industrial Trust Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DCT    26-Apr-12    USA    233153105    Annual    06-Mar-12

 

CUSIP: 233153105    ISIN: US2331531051    SEDOL: B1L5PD8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas G. Wattles   Mgmt   For   For
Elect Director Philip L. Hawkins   Mgmt   For   For
Elect Director Marilyn A. Alexander   Mgmt   For   For
Elect Director Thomas F. August   Mgmt   For   For
Elect Director John S. Gates, Jr.   Mgmt   For   For
Elect Director Raymond B. Greer   Mgmt   For   For
Elect Director Tripp H. Hardin   Mgmt   For   For
Elect Director John C. O’keeffe   Mgmt   For   For
Elect Director Bruce L. Warwick   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

eBay Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EBAY    26-Apr-12    USA    278642103    Annual    08-Mar-12

 

CUSIP: 278642103    ISIN: US2786421030    SEDOL: 2293819

eBay Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Marc L. Andreessen   Mgmt   For   For
Elect Director William C. Ford, Jr.   Mgmt   For   For
Elect Director Dawn G. Lepore   Mgmt   For   For
Elect Director Kathleen C. Mitic   Mgmt   For   For
Elect Director Pierre M. Omidyar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasonsing, proposal increases shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For

HCP, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HCP    26-Apr-12    USA    40414L109    Annual    02-Mar-12

 

CUSIP: 40414L109    ISIN: US40414L1098    SEDOL: 2417578

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James F. Flaherty, III   Mgmt   For   For
Elect Director Christine N. Garvey   Mgmt   For   For
Elect Director David B. Henry   Mgmt   For   For
Elect Director Lauralee E. Martin   Mgmt   For   For
Elect Director Michael D. McKee   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Kenneth B. Roath   Mgmt   For   For
Elect Director Joseph P. Sullivan   Mgmt   For   For

HCP, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Humana Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HUM    26-Apr-12    USA    444859102    Annual    27-Feb-12

 

CUSIP: 444859102    ISIN: US4448591028    SEDOL: 2445063

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. D’Amelio   Mgmt   For   For
Elect Director W. Roy Dunbar   Mgmt   For   For
Elect Director Kurt J. Hilzinger   Mgmt   For   For
Elect Director David A. Jones, Jr.   Mgmt   For   For
Elect Director Michael B. McCallister   Mgmt   For   For
Elect Director William J. McDonald   Mgmt   For   For
Elect Director William E. Mitchell   Mgmt   For   For
Elect Director David B. Nash   Mgmt   For   For
Elect Director James J. O’Brien   Mgmt   For   For
Elect Director Marissa T. Peterson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Johnson & Johnson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JNJ    26-Apr-12    USA    478160104    Annual    28-Feb-12

 

CUSIP: 478160104    ISIN: US4781601046    SEDOL: 2475833

Johnson & Johnson

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary Sue Coleman   Mgmt   For   For
Elect Director James G. Cullen   Mgmt   For   For
Elect Director Ian E.l. Davis   Mgmt   For   For
Elect Director Alex Gorsky   Mgmt   For   For
Elect Director Michael M.e. Johns   Mgmt   For   For
Elect Director Susan L. Lindquist   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Leo F. Mullin   Mgmt   For   For
Elect Director William D. Perez   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director David Satcher   Mgmt   For   For
Elect Director William C. Weldon   Mgmt   For   For
Elect Director Ronald A. Williams   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Require Shareholder Vote to Approve Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Animal-Free Training Methods   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Koninklijke Philips Electronics

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    26-Apr-12    Netherlands    N6817P109    Annual    29-Mar-12

 

CUSIP: N6817P109    ISIN: NL0000009538    SEDOL: 5986622

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
President’s Speech   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Approve Dividends of EUR 0.75 Per Share   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect E. Kist to Supervisory Board   Mgmt   For   For
Elect N. Dhawan to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Board to Exclude Preemptive Rights from Issuance under Item 4a   Mgmt   For   For
Approve Reduction in Share Capital by Cancellation of Shares   Mgmt   For   For
Authorize Repurchase of Shares   Mgmt   For   For
Other Business (Non-Voting)   Mgmt    

Lexicon Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LXRX    26-Apr-12    USA    528872104    Annual    29-Feb-12

 

CUSIP: 528872104    ISIN: US5288721047    SEDOL: 2576930

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur T. Sands   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Philippe J. Amouyal   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.

Lexicon Pharmaceuticals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank P. Palantoni   Mgmt   For   For
Amend Certificate of Incorporation to Increase the Board Size and Allowing for an Increase Above Thirteen Directors as Necessary   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business. Moreover, performance criteria have not been disclosed, TDAM normally opposes incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance.
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Pfizer Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PFE    26-Apr-12    USA    717081103    Annual    28-Feb-12

 

CUSIP: 717081103    ISIN: US7170811035    SEDOL: 2684703

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Dennis A. Ausiello   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 51.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 20 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of Ausiello, Hobbs, Burns, Gray, Horner, Mascotte, and Sanger, who serve on the Corporate Governance committee of the board.
Elect Director M. Anthony Burns   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Pfizer Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director Frances D. Fergusson   Mgmt   For   For
Elect Director William H. Gray, III   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Helen H. Hobbs   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Constance J. Horner   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director James M. Kilts   Mgmt   For   For
Elect Director George A. Lorch   Mgmt   For   For
Elect Director John P. Mascotte   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ian C. Read   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Marc Tessier-Lavigne   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Publish Political Contributions   SH   Against   Against
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.
Amend Articles/Bylaws/Charter - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Non-Employee Director Compensation   SH   Against   Against

SVB Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIVB    26-Apr-12    USA    78486Q101    Annual    28-Feb-12

 

CUSIP: 78486Q101    ISIN: US78486Q1013    SEDOL: 2808053

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Greg W. Becker   Mgmt   For   For
Elect Director Eric A. Benhamou   Mgmt   For   For
Elect Director David M. Clapper   Mgmt   For   For
Elect Director Roger F. Dunbar   Mgmt   For   For
Elect Director Joel P. Friedman   Mgmt   For   For
Elect Director C. Richard Kramlich   Mgmt   For   For
Elect Director Lata Krishnan   Mgmt   For   For
Elect Director Jeffrey N. Maggioncalda   Mgmt   For   For
Elect Director Kate D. Mitchell   Mgmt   For   For
Elect Director John F. Robinson   Mgmt   For   For
Elect Director Garen K. Staglin   Mgmt   For   For
Elect Director Kyung H. Yoon   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

TIBCO Software Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TIBX    26-Apr-12    USA    88632Q103    Annual    27-Feb-12

 

CUSIP: 88632Q103    ISIN: US88632Q1031    SEDOL: 2437747

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vivek Y. Ranadive   Mgmt   For   For
Elect Director Nanci E. Caldwell   Mgmt   For   For

TIBCO Software Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Eric C.W. Dunn   Mgmt   For   For
Elect Director Narendra K. Gupta   Mgmt   For   For
Elect Director Peter J. Job   Mgmt   For   For
Elect Director Philip K. Wood   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

TreeHouse Foods, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
THS    26-Apr-12    USA    89469A104    Annual    05-Mar-12

 

CUSIP: 89469A104    ISIN: US89469A1043    SEDOL: B095X84

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank J. O’Connell   Mgmt   For   For
Elect Director Terdema L. Ussery, II   Mgmt   For   For
Elect Director David B. Vermylen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Westamerica Bancorporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WABC    26-Apr-12    USA    957090103    Annual    27-Feb-12

 

CUSIP: 957090103    ISIN: US9570901036    SEDOL: 2950374

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Etta Allen   Mgmt   For   For

Westamerica Bancorporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Louis E. Bartolini   Mgmt   For   For
Elect Director E. Joseph Bowler   Mgmt   For   For
Elect Director Arthur C. Latno, Jr.   Mgmt   For   For
Elect Director Patrick D. Lynch   Mgmt   For   For
Elect Director Catherine Cope MacMillan   Mgmt   For   For
Elect Director Ronald A. Nelson   Mgmt   For   For
Elect Director David L. Payne   Mgmt   For   For
Elect Director Edward B. Sylvester   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Abbott Laboratories

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABT    27-Apr-12    USA    002824100    Annual    29-Feb-12

 

CUSIP: 002824100    ISIN: US0028241000    SEDOL: 2002305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Alpern   Mgmt   For   For
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Sally E. Blount   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Edward M. Liddy   Mgmt   For   For
Elect Director Nancy McKinstry   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director Glenn F. Tilton   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For

Abbott Laboratories

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted as the company has in place a corporate governance and/or nomination committee composed entirely of independent directors.
Adopt Anti Gross-up Policy   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. However, the use of gross-ups should still be monitored going forward.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Cease Compliance Adjustments to Performance Criteria   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Pro-rata Vesting of Equity Plans   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

American Capital, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACAS    27-Apr-12    USA    02503Y103    Annual    01-Mar-12

 

CUSIP: 02503Y103    ISIN: US02503Y1038    SEDOL: 2101990

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary C. Baskin   Mgmt   For   For
Elect Director Neil M. Hahl   Mgmt   For   For
Elect Director Philip R. Harper   Mgmt   For   For
Elect Director John A. Koskinen   Mgmt   For   For
Elect Director Stan Lundine   Mgmt   For   For
Elect Director Kenneth D. Peterson, Jr.   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Amend Securities Transfer Restrictions   Mgmt   For   For
Policy Rationale: TDAM’s policy is applied to the fullest extent possible taking into account best practices, regulations and customs in the jurisdiction. As such, support is merited for this item as the potential value of the company’s estimated NOLs is significant and the proposed transfer restrictions will serve to protect these NOLs. Furthermore, the company does not have a history of poor governance or response to shareholders’ concerns.
Ratify Auditors   Mgmt   For   For

AT&T Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
T    27-Apr-12    USA    00206R102    Annual    28-Feb-12

 

CUSIP: 00206R102    ISIN: US00206R1023    SEDOL: 2831811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall L. Stephenson   Mgmt   For   For
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Reuben V. Anderson   Mgmt   For   For
Elect Director James H. Blanchard   Mgmt   For   For
Elect Director Jaime Chico Pardo   Mgmt   For   For
Elect Director James P. Kelly   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For

AT&T Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. McCoy   Mgmt   For   For
Elect Director Joyce M. Roche   Mgmt   For   For
Elect Director Matthew K. Rose   Mgmt   For   For
Elect Director Laura D’Andrea Tyson   Mgmt   For   For
Ratification Of Appointment Of Independent Auditors.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Barclays plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BARC    27-Apr-12    United Kingdom    G08036124    Annual    25-Apr-12

 

CUSIP: G08036124    ISIN: GB0031348658    SEDOL: 3134865

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Marcus Agius as Director   Mgmt   For   For
Re-elect David Booth as Director   Mgmt   For   For
Re-elect Alison Carnwath as Director   Mgmt   For   For
Re-elect Fulvio Conti as Director   Mgmt   For   For

Barclays plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Bob Diamond as Director   Mgmt   For   For
Re-elect Simon Fraser as Director   Mgmt   For   For
Re-elect Reuben Jeffery III as Director   Mgmt   For   For
Re-elect Sir Andrew Likierman as Director   Mgmt   For   For
Re-elect Chris Lucas as Director   Mgmt   For   For
Re-elect Dambisa Moyo as Director   Mgmt   For   For
Re-elect Sir Michael Rake as Director   Mgmt   For   For
Re-elect Sir John Sunderland as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BASF SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAS    27-Apr-12    Germany    D06216317    Annual   

 

CUSIP: D06216101    ISIN: DE000BASF111    SEDOL: 5086577

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

BASF SE

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles Re: Electronic and Postal Voting at AGM   Mgmt   For   For

Bayer AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAYN    27-Apr-12    Germany    D0712D163    Annual   

 

CUSIP: D0712D163    ISIN: DE000BAY0017    SEDOL: 5069211

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 1.65 per Share for Fiscal 2011   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Manfred Schneider to the Supervisory Board (Term End: Sept. 30, 2012)   Mgmt   For   For
Elect Werner Wenning to the Supervisory Board (Term Begin: Oct. 1, 2012)   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Clemens Boersig to the Supervisory Board   Mgmt   For   For
Elect Thomas Ebeling to the Supervisory Board   Mgmt   For   For
Elect Klaus Kleinfeld to the Supervisory Board   Mgmt   For   For
Elect Helmut Panke to the Supervisory Board   Mgmt   For   For
Elect Sue Rataj to the Supervisory Board   Mgmt   For   For
Elect Ekkehard Schulz to the Supervisory Board   Mgmt   For   For
Elect Klaus Sturany to the Supervisory Board   Mgmt   For   For
Elect Ernst-Ludwig Winnacker to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies with a certain number of employees, a portion of the supervisory board must be made up of employee representatives.
Amend Articles Re: Remuneration of Supervisory Board   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors for Fiscal 2012   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    27-Apr-12    USA    911363109    Special    22-Mar-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Issue Shares in Connection with Acquisition   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.

American Express Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AXP    30-Apr-12    USA    025816109    Annual    01-Mar-12

 

CUSIP: 025816109    ISIN: US0258161092    SEDOL: 2026082

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Barshefsky   Mgmt   For   For
Elect Director U.M. Burns   Mgmt   For   For
Elect Director K.I. Chenault   Mgmt   For   For
Elect Director P. Chernin   Mgmt   For   For
Elect Director T.J. Leonsis   Mgmt   For   For
Elect Director J. Leschly   Mgmt   For   For
Elect Director R.C. Levin   Mgmt   For   For
Elect Director R.A. McGinn   Mgmt   For   For
Elect Director E.D. Miller   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.D. Walter   Mgmt   For   For
Director R.A. Williams   Mgmt   For   For

American Express Company

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

ENEL SpA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENEL    30-Apr-12    Italy    T3679P115    Annual/Special    19-Apr-12

 

CUSIP: T3679P115    ISIN: IT0003128367    SEDOL: 7144569

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance payments to the chairman and to the CEO/director general are in excess of 24 months’ pay.
Extraordinary Business   Mgmt    
Amend Articles Re: Articles 14 and 25 (Board-Related)   Mgmt   For   For

Eni Spa

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ENI    30-Apr-12    Italy    T3643A145    Annual/Special    19-Apr-12

 

CUSIP: T3643A145    ISIN: IT0003132476    SEDOL: 7145056

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Articles 17 and 28; Add New Article 34 (Board-Related)   Mgmt   For   For

Motorola Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MSI    30-Apr-12    USA    620076307    Annual    02-Mar-12

 

CUSIP: 620076307    ISIN: US6200763075    SEDOL: B5BKPQ4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory Q. Brown   Mgmt   For   For
Elect Director William J. Bratton   Mgmt   For   For
Elect Director Kenneth C. Dahlberg   Mgmt   For   For
Elect Director David W. Dorman   Mgmt   For   Against

Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder resolution asking the board to amend the company’s bylaws to give holders of 10 percent of the company’s outstanding common stock the power to call a special meeting received support from 79.6 percent of votes cast at the 2009 AGM. In response to the voting support at the 2009 annual meeting, the board amended the company’s bylaws to provide shareholders with the ability to call a special meeting if they own 20 percent or more of outstanding shares, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, Michael V. Hayden, and Judy C. Lewent, who serve on the Governance and Nominating committee.

Elect Director Michael V. Hayden   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Judy C. Lewent   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Motorola Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Samuel C. Scott, III   Mgmt   For   For
Elect Director John A. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Encourage Suppliers to Produce Sustainability Reports   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, a vote against this shareholder proposal is warranted.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Noting that the company has policies and practices in place to encourage executive focus on long-term company performance, this proposal provides no additional shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

American Capital Agency Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGNC    01-May-12    USA    02503X105    Annual    09-Mar-12

 

CUSIP: 02503X105    ISIN: US02503X1054    SEDOL: B2R8TC5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Couch   Mgmt   For   For
Elect Director Morris A. Davis   Mgmt   For   For
Elect Director Randy E. Dobbs   Mgmt   For   For
Elect Director Larry K. Harvey   Mgmt   For   For
Elect Director Alvin N. Puryear   Mgmt   For   For
Elect Director Malon Wilkus   Mgmt   For   For
Elect Director Samuel A. Flax   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.

American Capital Agency Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Bristol-Myers Squibb Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMY    01-May-12    USA    110122108    Annual    09-Mar-12

 

CUSIP: 110122108    ISIN: US1101221083    SEDOL: 2126335

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lamberto Andreotti   Mgmt   For   For
Elect Director Lewis B. Campbell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to provide holders of 10% of outstanding stock the right to call special meetings received support from 54.7 percent of votes cast at the 2009 AGM. Upon the recommendation of the Committee on Directors and Corporate Governance, which is the Nominating Committee, a proposal to permit stockholders holding at least 25% of outstanding voting stock to call special meetings of stockholders was presented at the 2010 AGM. Given the continued inaction, a vote against the members of the governance committee, Louis J. Freeh, Lewis B. Campbell, Laurie H. Glimcher, Alan J. Lacy, Togo D. West, Jr., R. Sanders Williams, is warranted.
Elect Director James M. Cornelius   Mgmt   For   For
Elect Director Louis J. Freeh   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Laurie H. Glimcher   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Michael Grobstein   Mgmt   For   For
Elect Director Alan J. Lacy   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vicki L. Sato   Mgmt   For   For
Elect Director Elliott Sigal   Mgmt   For   For
Elect Director Gerald L. Storch   Mgmt   For   For
Elect Director Togo D. West, Jr.   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Bristol-Myers Squibb Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R. Sanders Williams   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Home Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HME    01-May-12    USA    437306103    Annual    05-Mar-12

 

CUSIP: 437306103    ISIN: US4373061039    SEDOL: 2414074

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen R. Blank   Mgmt   For   For
Elect Director Alan L. Gosule   Mgmt   For   For
Elect Director Leonard F. Helbig, III   Mgmt   For   For
Elect Director Charles J. Koch   Mgmt   For   For
Elect Director Thomas P. Lydon, Jr.   Mgmt   For   For
Elect Director Edward J. Pettinella   Mgmt   For   For
Elect Director Clifford W. Smith, Jr.   Mgmt   For   For
Elect Director Amy L. Tait   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Home Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Peabody Energy Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BTU    01-May-12    USA    704549104    Annual    12-Mar-12

 

CUSIP: 704549104    ISIN: US7045491047    SEDOL: 2753454

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gregory H. Boyce   Mgmt   For   For
Elect Director William A. Coley   Mgmt   For   For
Elect Director William E. James   Mgmt   For   For
Elect Director Robert B. Karn, III   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For
Elect Director Henry E. Lentz   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director William C. Rusnack   Mgmt   For   For
Elect Director John F. Turner   Mgmt   For   For
Elect Director Sandra A. Van Trease   Mgmt   For   For
Elect Director Alan H. Washkowitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Select Medical Holdings Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SEM    01-May-12    USA    81619Q105    Annual    05-Mar-12

 

CUSIP: 81619Q105    ISIN: US81619Q1058    SEDOL: B4MF0Q6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Rocco A. Ortenzio   Mgmt   For   For
Elect Director Thomas A. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Under Armour, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UA    01-May-12    USA    904311107    Annual    17-Feb-12

 

CUSIP: 904311107    ISIN: US9043111072    SEDOL: B0PZN11

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin A. Plank   Mgmt   For   For
Elect Director Byron K. Adams, Jr.   Mgmt   For   For
Elect Director Douglas E. Coltharp   Mgmt   For   For
Elect Director Anthony W. Deering   Mgmt   For   For
Elect Director A.B. Krongard   Mgmt   For   For
Elect Director William R. McDermott   Mgmt   For   For
Elect Director Harvey L. Sanders   Mgmt   For   For
Elect Director Thomas J. Sippel   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Xstrata plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTA    01-May-12    United Kingdom    G9826T102    Annual    29-Apr-12

 

CUSIP: G9826T102    ISIN: GB0031411001    SEDOL: 3141100

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM does not support this item because contractual termination provisions have the potential to lead to payments well in excess of one year’s basic salary, given that pension payments (c. 190 percent of basic salary for the CEO for 2011) and bonus (maximum 300 percent of basic salary) are included within the calculation. In addition, this year’s remuneration report confirms that the CEO of Xstrata Zinc would receive a termination payment higher than what was previously disclosed. LTIP awards made to all three Executive Directors during 2011 and 2012 again exceeded the normal maximum limit under the plan. The exceptional circumstances justifying awards at this level have not been outlined in the remuneration report. The 2012 grant was made shortly after the announcement of the merger with Glencore. Completion of the deal will lead to full vesting of all outstanding awards regardless of whether or not the performance conditions have been satisfied. The LTIP continues to incorporate 50 percent vesting for threshold TSR performance.
Re-elect Sir John Bond as Director   Mgmt   For   For
Re-elect Mick Davis as Director   Mgmt   For   For
Re-elect Dr Con Fauconnier as Director   Mgmt   For   For
Re-elect Ivan Glasenberg as Director   Mgmt   For   For
Re-elect Peter Hooley as Director   Mgmt   For   For
Re-elect Claude Lamoureux as Director   Mgmt   For   For
Re-elect Aristotelis Mistakidis as Director   Mgmt   For   For
Re-elect Tor Peterson as Director   Mgmt   For   For
Re-elect Trevor Reid as Director   Mgmt   For   For
Re-elect Sir Steve Robson as Director   Mgmt   For   For
Re-elect David Rough as Director   Mgmt   For   For
Re-elect Ian Strachan as Director   Mgmt   For   For
Re-elect Santiago Zaldumbide as Director   Mgmt   For   For
Reappoint Ernst & Young LLP as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Approve Reduction of Share Premium Account   Mgmt   For   For
Authorise the Company to Call an EGM with Not Less Than 20 Clear Days’ Notice   Mgmt   For   For

Brunswick Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BC    02-May-12    USA    117043109    Annual    05-Mar-12

 

CUSIP: 117043109    ISIN: US1170431092    SEDOL: 2149309

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne E. Belec   Mgmt   For   For
Elect Director Manuel A. Fernandez   Mgmt   For   For
Elect Director J. Steven Whisler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DISH Network Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DISH    02-May-12    USA    25470M109    Annual    07-Mar-12

 

CUSIP: 25470M109    ISIN: US25470M1099    SEDOL: 2303581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Joseph P. Clayton   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director James DeFranco   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Cantey M. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Charles W. Ergen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven R. Goodbarn   Mgmt   For   For
Elect Director Gary S. Howard   Mgmt   For   For
Elect Director David K. Moskowitz   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Tom A. Ortolf   Mgmt   For   For

DISH Network Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Carl E. Vogel   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

General Dynamics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GD    02-May-12    USA    369550108    Annual    08-Mar-12

 

CUSIP: 369550108    ISIN: US3695501086    SEDOL: 2365161

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mary T. Barra   Mgmt   For   For
Elect Director Nicholas D. Chabraja   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director William P. Fricks   Mgmt   For   For
Elect Director Jay L. Johnson   Mgmt   For   For
Elect Director James L. Jones   Mgmt   For   For
Elect Director Paul G. Kaminski   Mgmt   For   For
Elect Director John M. Keane   Mgmt   For   For
Elect Director Lester L. Lyles   Mgmt   For   For
Elect Director Phebe N. Novakovic   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Robert Walmsley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

General Dynamics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM will support this propoasl given the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights, and the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Hatteras Financial Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HTS    02-May-12    USA    41902R103    Annual    14-Mar-12

 

CUSIP: 41902R103    ISIN: US41902R1032    SEDOL: B2R5SY1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael R. Hough   Mgmt   For   For
Elect Director Benjamin M. Hough   Mgmt   For   For
Elect Director David W. Berson   Mgmt   For   For
Elect Director Ira G. Kawaller   Mgmt   For   For
Elect Director Jeffrey D. Miller   Mgmt   For   For
Elect Director Thomas D. Wren   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Rackspace Hosting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RAX    02-May-12    USA    750086100    Annual    09-Mar-12

 

CUSIP: 750086100    ISIN: US7500861007    SEDOL: 2591524

Rackspace Hosting, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director S. James Bishkin   Mgmt   For   For
Elect Director Fred Reichheld   Mgmt   For   For
Elect Director Mark P. Mellin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).

TriQuint Semiconductor, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TQNT    02-May-12    USA    89674K103    Annual    05-Mar-12

 

CUSIP: 89674K103    ISIN: US89674K1034    SEDOL: 2904393

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles Scott Gibson   Mgmt   For   For
Elect Director David H.Y. Ho   Mgmt   For   For
Elect Director Nicolas Kauser   Mgmt   For   For
Elect Director Ralph G. Quinsey   Mgmt   For   For
Elect Director Walden C. Rhines   Mgmt   For   For
Elect Director Steven J. Sharp   Mgmt   For   For
Elect Director Willis C. Young   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Woodside Petroleum Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WPL    02-May-12    Australia    980228100    Annual    30-Apr-12

 

CUSIP: 980228100    ISIN: AU000000WPL2    SEDOL: 6979728

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Melinda Cilento as a Director   Mgmt   For   For
Elect Robert Cole as a Director   Mgmt   For   For
Elect Erich Fraunschiel as a Director   Mgmt   For   For
Elect Christopher Haynes as a Director   Mgmt   For   For
Elect Pierre Jungels as a Director   Mgmt   For   For
Approve the Remuneration Report   Mgmt   For   For

Allied Nevada Gold Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ANV    03-May-12    USA    019344100    Annual    20-Mar-12

 

CUSIP: 019344100    ISIN: US0193441005    SEDOL: B1VPN45

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert M. Buchan   Mgmt   For   For
Elect Director Scott A. Caldwell   Mgmt   For   For
Elect Director John W. Ivany   Mgmt   For   For
Elect Director Cameron A. Mingay   Mgmt   For   For
Elect Director Terry M. Palmer   Mgmt   For   For
Elect Director Carl Pescio   Mgmt   For   For
Elect Director D. Bruce Sinclair   Mgmt   For   For
Elect Director Robert G. Wardell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

American Campus Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACC    03-May-12    USA    024835100    Annual    12-Mar-12

 

CUSIP: 024835100    ISIN: US0248351001    SEDOL: B02H871

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Bayless, Jr.   Mgmt   For   For
Elect Director R.D. Burck   Mgmt   For   For
Elect Director G. Steven Dawson   Mgmt   For   For
Elect Director Cydney C. Donnell   Mgmt   For   For
Elect Director Edward Lowenthal   Mgmt   For   For
Elect Director Winston W. Walker   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

E.ON AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EOAN    03-May-12    Germany    D24914133    Annual   

 

CUSIP: D24914133    ISIN: DE000ENAG999    SEDOL: 4942904

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 1.00 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PriceWaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Change of Corporate Form to Societas Europaea (SE)   Mgmt   For   For
Approve Creation of EUR 460 Million Pool of Capital with Partial Exclusion of Preemptive Rights   Mgmt   For   For

E.ON AG

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Billion; Approve Creation of EUR175 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Bruce Cooper. Did not hear from other portfolio managers by vote deadline, therefore voting in line with ISS reasoning which does not offend TDAM guidelines. Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Ericsson

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    03-May-12    Sweden    W26049119    Annual    26-Apr-12

 

CUSIP: W26049119    ISIN: SE0000108656    SEDOL: 5959378

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Chairman of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report   Mgmt    
Receive President’s Report; Allow Questions   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 2.50 per Share   Mgmt   For   For
Determine Number of Members (12) and Deputy Members of Board (0)   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 3.75 Million to the Chairman and SEK 875,000 for Other Directors (Including Possibility to Receive Part of Remuneration in Phantom Shares); Approve Remuneration for Committee Work   Mgmt   For   For

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect L. Johansson, R. Austin, P. Bonfield, B. Ekholm, U. Johansson, S. Martin-Lof, N. McKinstry, A. Nyren, H. Vestberg, M. Volpi, and J. Wallenberg as Directors; Elect A. Izosimov as New Director   Mgmt   For   For
Policy Rationale: At this company, 58 percent of the shareholder-elected board members can be classified as independent.
Authorize Chairman of Board and Representatives of Four of Company’s Largest Shareholders to Serve on Nominating Committee   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Approve 2012 Share Matching Plan for All Employees   Mgmt   For   For
Authorize Reissuance of 13.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for All Employees   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.2   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.2, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Authorize Reissuance of 10.7 Million Repurchased Class B Shares for 2012 Share Matching Plan for Key Contributors   Mgmt   For   For
Approve Equity Swap Agreement with Third Party as Alternative to Item 11.5   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.5, while lowering the majority requirement compared to the primary financing alternative.
Approve 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Authorize Reissuance of 7.3 Million Repurchased Class B Shares for 2012 Restricted Stock Plan for Executives   Mgmt   For   For
Approve Swap Agreement with Third Party as Alternative to Item 11.8   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted, as it would entail unnecessary additional costs relative to item 11.8, while lowering the majority requirement compared to the primary financing alternative.
Authorize Reissuance of up to 15.5 Million Repurchased Class B Shares to Cover Social Costs in Connection with 2008, 2009, 2010, and 2011 Long-Term Variable Compensation Plans   Mgmt   For   For
Shareholder Proposal from Einar Hellbom   Mgmt    

Ericsson

 

  Proponent   Mgmt Rec   Vote Instruction
Instruct the Board to Investigate How All Shares Are to be Given the Same Voting Power and To Present Such a Proposal at the Next Annual General Meeting   SH   None   For
Policy Rationale: TDAM believes all shareholders should be treated equally and all shares should have equal voting rights based upon the principle of “one share, one vote”. Accordingly, support for this item is warranted, since this resolution concerns a plan of providing all shares with equal voting rights, which would bring shareholder voting rights in line with their equity capital commitment.
Close Meeting   Mgmt    

GlaxoSmithKline plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GSK    03-May-12    United Kingdom    G3910J112    Annual    01-May-12

 

CUSIP: G3910J112    ISIN: GB0009252882    SEDOL: 0925288

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Sir Christopher Gent as Director   Mgmt   For   For
Re-elect Sir Andrew Witty as Director   Mgmt   For   For
Re-elect Sir Roy Anderson as Director   Mgmt   For   For
Re-elect Dr Stephanie Burns as Director   Mgmt   For   For
Re-elect Stacey Cartwright as Director   Mgmt   For   For
Re-elect Larry Culp as Director   Mgmt   For   For
Re-elect Sir Crispin Davis as Director   Mgmt   For   For
Re-elect Simon Dingemans as Director   Mgmt   For   For
Re-elect Judy Lewent as Director   Mgmt   For   For
Re-elect Sir Deryck Maughan as Director   Mgmt   For   For
Re-elect Dr Daniel Podolsky as Director   Mgmt   For   For
Re-elect Dr Moncef Slaoui as Director   Mgmt   For   For
Re-elect Tom de Swaan as Director   Mgmt   For   For
Re-elect Sir Robert Wilson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For

GlaxoSmithKline plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise the Audit & Risk Committee to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve the Exemption from Statement of the Name of the Senior Statutory Auditor in Published Copies of the Auditors’ Reports   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Approve 2012 ShareSave Plan   Mgmt   For   For
Approve 2012 ShareReward Plan   Mgmt   For   For

H & M Hennes & Mauritz

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HMB    03-May-12    Sweden    W41422101    Annual    26-Apr-12

 

CUSIP: W41422101    ISIN: SE0000106270    SEDOL: 5687431

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Elect Chairman of Meeting   Mgmt   For   For
Receive President’s Report; Allow Questions   Mgmt    
Prepare and Approve List of Shareholders   Mgmt   For   For
Approve Agenda of Meeting   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive Auditor’s Report; Receive Auditor’s Report on Application of Guidelines for Remuneration for Executive Management   Mgmt    
Receive Auditor’s and Auditing Committee’s Reports   Mgmt    
Receive Chairman’s Report About Board Work   Mgmt    
Receive Report of the Chairman of the Nominating Committee   Mgmt    

H & M Hennes & Mauritz

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of SEK 9.50 per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Determine Number of Members (8) and Deputy Members (0) of Board   Mgmt   For   For
Approve Remuneration of Directors in the Amount of SEK 1.35 Million to Chairman and SEK 475,000 for Other Directors; Approve Remuneration for Committee Work; Approve Remuneration of Auditors   Mgmt   For   For
Reelect Mia Livfors, Anders Dahlvig, Lottie Knutson, Sussi Kvart, Bo Lundquist, Stefan Persson (Chairman), Melker Schorling, and Christian Sievert as Directors   Mgmt   For   Against
Policy Rationale: TDAM opposes slates of directors when the majority of the board is not independent.
Elect Chairman of the Board and Lottie Tham, Liselott Ledin, Jan Andersson, and Anders Oscarsson as Members of Nominating Committee   Mgmt   For   Against
Policy Rationale: TDAM opposes the appointment of a nominating committee due to the chairman of the board also serving as chairman of the current nominating committee, with no evidence that this would cease to be the case following this election.
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   For
Close Meeting   Mgmt    

HealthSouth Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HLS    03-May-12    USA    421924309    Annual    07-Mar-12

 

CUSIP: 421924309    ISIN: US4219243098    SEDOL: B1G9B93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Chidsey   Mgmt   For   For
Elect Director Donald L. Correll   Mgmt   For   For
Elect Director Yvonne M. Curl   Mgmt   For   For
Elect Director Charles M. Elson   Mgmt   For   For
Elect Director Jay Grinney   Mgmt   For   For
Elect Director Jon F. Hanson   Mgmt   For   For

HealthSouth Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leo I. Higdon, Jr.   Mgmt   For   For
Elect Director John E. Maupin, Jr.   Mgmt   For   For
Elect Director L. Edward Shaw, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Invesco Mortgage Capital Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IVR    03-May-12    USA    46131B100    Annual    05-Mar-12

 

CUSIP: 46131B100    ISIN: US46131B1008    SEDOL: B5ZW0F0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director G. Mark Armour   Mgmt   For   For
Elect Director James S. Balloun   Mgmt   For   For
Elect Director John S. Day   Mgmt   For   For
Elect Director Karen Dunn Kelley   Mgmt   For   For
Elect Director James R. Lientz, Jr.   Mgmt   For   For
Elect Director Neil Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nokia Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NOK1V    03-May-12    Finland    X61873133    Annual    20-Apr-12

 

CUSIP: X61873133    ISIN: FI0009000681    SEDOL: 5902941

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Call the Meeting to Order   Mgmt    

Nokia Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Designate Inspector or Shareholder Representative(s) of Minutes of Meeting   Mgmt   For   For
Acknowledge Proper Convening of Meeting   Mgmt   For   For
Prepare and Approve List of Shareholders   Mgmt   For   For
Receive Financial Statements and Statutory Reports; Receive CEO’s Review   Mgmt    
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 0.20 Per Share   Mgmt   For   For
Approve Discharge of Board and President   Mgmt   For   For
Approve Remuneration of Directors in the Amount of EUR 440,000 for the Chairman, EUR 150,000 for Deputy Chairman, and EUR 130,000 for Other Directors   Mgmt   For   For
Fix Number of Directors at 11   Mgmt   For   For
Reelect Stephen Elop, Henning Kagermann, Jouko Karvinen, Helge Lund, Isabel Marey-Semper, Dame Marjorie Scardino, Risto Siilasmaa, and Kari Stadigh as Directors; Elect Bruce Brown, Mårten Mickos, and Elizabeth Nelson as New Directors   Mgmt   For   For
Approve Remuneration of Auditors   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Authorize Share Repurchase Program   Mgmt   For   For
Close Meeting   Mgmt    

Public Storage

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PSA    03-May-12    USA    74460D109    Annual    09-Mar-12

 

CUSIP: 74460D109    ISIN: US74460D1090    SEDOL: 2852533

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Havner, Jr.   Mgmt   For   For
Elect Director Tamara Hughes Gustavson   Mgmt   For   For
Elect Director Uri P. Harkham   Mgmt   For   For
Elect Director B. Wayne Hughes, Jr.   Mgmt   For   For
Elect Director Avedick B. Poladian   Mgmt   For   For

Public Storage

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gary E. Pruitt   Mgmt   For   For
Elect Director Ronald P. Spogli   Mgmt   For   For
Elect Director Daniel C. Staton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Schneider Electric SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SU    03-May-12    France    F86921107    Annual/Special    26-Apr-12

 

CUSIP: F86921107    ISIN: FR0000121972    SEDOL: 4834108

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.70 per Share   Mgmt   For   For
Approve Additional Pension Scheme Agreement with Jean Pascal Tricoire   Mgmt   For   For
Approve Severance Payment Agreement with Jean Pascal Tricoire   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because the severance package to be granted to Jean-Pascal Tricoire is not deemed totally in line with best market practices, in view of the concerns on the maximum amount of the severance payments, the triggering events, the performance criteria, and the potential combination with an additional pension scheme. Jean-Pascal Tricoire may also continue to benefit from unvested stock options and performance shares after his departure.
Reelect Leo Apotheker as Supervisory Board Member   Mgmt   For   For
Ratify Appointment of Xavier Fontanet as Supervisory Board Member   Mgmt   For   For
Elect Antoine Gosset-Grainville as Supervisory Board Member   Mgmt   For   For
Reelect Willy Kissling as Supervisory Board Member   Mgmt   For   For
Reelect Henri Lachmann as Supervisory Board Member   Mgmt   For   For

Schneider Electric SA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Rick Thoman as Supervisory Board Member   Mgmt   For   For
Elect Manfred Brill as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Items 12 - 15: Given the overall level of board independence (71 percent), the support provided by the management board, in compliance with a supervisory board recommendation, and the disclosure on the rationale behind this support, TDAM votes against Items 12, 13, and 15.
Reelect Claude Briquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12
Elect Magali Herbaut as Representative of Employee Shareholders to the Board   Mgmt   For   For
Elect Thierry Jacquet as Representative of Employee Shareholders to the Board   Mgmt   Against   Against
Policy Rationale: Refer to Item 12
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

United Parcel Service, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UPS    03-May-12    USA    911312106    Annual    05-Mar-12

 

CUSIP: 911312106    ISIN: US9113121068    SEDOL: 2517382

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Michael J. Burns   Mgmt   For   For
Elect Director D. Scott Davis   Mgmt   For   For
Elect Director Stuart E. Eizenstat   Mgmt   For   For
Elect Director Michael L. Eskew   Mgmt   For   For
Elect Director William R. Johnson   Mgmt   For   For
Elect Director Candace Kendle   Mgmt   For   For

United Parcel Service, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann M. Livermore   Mgmt   For   For
Elect Director Rudy H.P. Markham   Mgmt   For   For
Elect Director Clark T. Randt, Jr.   Mgmt   For   For
Elect Director John W. Thompson   Mgmt   For   For
Elect Director Carol B. Tome   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Report on Lobbying Contributions and Expenses   SH   Against   Against

Policy Rationale: TDAM support for this proposal is not warranted.

Verizon Communications Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VZ    03-May-12    USA    92343V104    Annual    05-Mar-12

 

CUSIP: 92343V104    ISIN: US92343V1044    SEDOL: 2090571

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Carrion   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the board to take the steps necessary to amend the company’s bylaws and each appropriate governing document to give holders of 10% of the outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 50.6 percent of votes cast at the 2009 AGM. In addition, the proposal requested that no exclusionary provisions be included. Subsequently, Verizon amended its bylaws to allow one or more record holders owning in the aggregate not less than 25 percent of outstanding shares to convene a special meeting. Verizon’s bylaws contain certain exclusions on the ability of shareholders to call a special meeting. It is further noted that Verizon has received shareholder proposals related to shareholders’ right to call special meetings which also garnered significant support in each year since the 2009 AGM. A proposal has again been presented to shareholders at the 2012 AGM (see Item 17) requesting the board to give holders of 15% of outstanding common stock the power to call a special shareowner meeting and that such bylaw and/or charter text not have any exclusionary or prohibitive language applicable only to shareowners but not to management and/or the board. As the board continues to ignore the shareholder resolution which was favourably supported, a vote against Sandra O. Moose, Richard L. Carrión, Donald T. Nicolaisen, Hugh B. Price, Rodney E. Slater, and John W. Snow, who serve on the Corporate Governance committee of the board, is warranted. It is noted that Mr. Snow is retiring from the Board in May 2012 and not standing for re-election.
Elect Director Melanie L. Healey   Mgmt   For   For
Elect Director M. Frances Keeth   Mgmt   For   For

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Lane   Mgmt   For   For
Elect Director Lowell C. McAdam   Mgmt   For   For
Elect Director Sandra O. Moose   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Joseph Neubauer   Mgmt   For   For
Elect Director Donald T. Nicolaisen   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Clarence Otis, Jr.   Mgmt   For   For
Elect Director Hugh B. Price   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rodney E. Slater   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Performance-Based and/or Time-Based Equity Awards   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.

Verizon Communications Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Acme Packet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
APKT    04-May-12    USA    004764106    Annual    06-Mar-12

 

CUSIP: 004764106    ISIN: US0047641065    SEDOL: B17WCB0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David B. Elsbree   Mgmt   For   For
Elect Director Patrick J. MeLampy   Mgmt   For   For
Elect Director Robert G. Ory   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Linde AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LIN    04-May-12    Germany    D50348107    Annual    12-Apr-12

 

CUSIP: D50348107    ISIN: DE0006483001    SEDOL: 5740817

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For

Linde AG

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration System for Management Board Members   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Creation of EUR 70 Million Pool of Capital without Preemptive Rights   Mgmt   For   For
Approve Stock Option Plan for Key Employees; Approve Creation of EUR 10,2 Million Pool of Conditional Capital to Guarantee Conversion Rights   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For

Sanofi

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SAN    04-May-12    France    F5548N101    Annual/Special    27-Apr-12

 

CUSIP: F5548N101    ISIN: FR0000120578    SEDOL: 5671735

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.65 per Share   Mgmt   For   For
Elect Laurent Attal as Director   Mgmt   For   For
Reelect Uwe Bicker as Director   Mgmt   For   For
Reelect Jean Rene Fourtou as Director   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Carole Piwnica as Director   Mgmt   For   For
Reelect Klaus Pohle as Director   Mgmt   For   For
Appoint Ernst & Young et Autres as Auditor   Mgmt   For   For
Appoint Auditex as Alternate Auditor   Mgmt   For   For
Ratify Change of Registered Office to 54, rue La Boetie, 75008 Paris and Amend Article 4 of Bylaws Accordingly   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For

Sanofi

 

  Proponent   Mgmt Rec   Vote Instruction
Extraordinary Business   Mgmt    
Authorize up to 1.2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

The Brink’s Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BCO    04-May-12    USA    109696104    Annual    05-Mar-12

 

CUSIP: 109696104    ISIN: US1096961040    SEDOL: 2691305

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Reginald D. Hedgebeth   Mgmt   For   For
Elect Director Betty C. Alewine   Mgmt   For   For
Elect Director Michael J. Herling   Mgmt   For   For
Elect Director Thomas C. Schievelbein   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines, as analysis indicates reasonable alignment of compensation and performance.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

The GEO Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GEO    04-May-12    USA    36159R103    Annual    02-Mar-12

 

CUSIP: 36159R103    ISIN: US36159R1032    SEDOL: 2943299

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clarence E. Anthony   Mgmt   For   For
Elect Director Norman A. Carlson   Mgmt   For   For

The GEO Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anne N. Foreman   Mgmt   For   For
Elect Director Richard H. Glanton   Mgmt   For   For
Elect Director Christopher C. Wheeler   Mgmt   For   For
Elect Director George C. Zoley   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as the benefit the company would appear to derive from a framework to address and manage potential direct or indirect reputational, financial, legal, and regulatory risks related to human rights; the benefit that greater disclosure would provide to shareholders allowing them to evaluate the company’s management of its potential human rights-related risks, especially in light of recent incidents and the international scope of its business.
Report on Lobbying Payments and Policy   SH   Against   Against
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Berkshire Hathaway Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRK.B    05-May-12    USA    084670702    Annual    07-Mar-12

 

CUSIP: 084670702    ISIN: US0846707026    SEDOL: 2073390

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Warren E. Buffett   Mgmt   For   For
Elect Director Charles T. Munger   Mgmt   For   For
Elect Director Howard G. Buffett   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For

Berkshire Hathaway Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William H. Gates, III   Mgmt   For   For
Elect Director David S. Gottesman   Mgmt   For   For
Elect Director Charlotte Guyman   Mgmt   For   For
Elect Director Donald R. Keough   Mgmt   For   For
Elect Director Thomas S. Murphy   Mgmt   For   For
Elect Director Ronald L. Olson   Mgmt   For   For
Elect Director Walter Scott, Jr.   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

CBL & Associates Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBL    07-May-12    USA    124830100    Annual    09-Mar-12

 

CUSIP: 124830100    ISIN: US1248301004    SEDOL: 2167475

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John N. Foy   Mgmt   For   For
Elect Director Thomas J. DeRosa   Mgmt   For   For
Elect Director Matthew S. Dominski   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At last year’s annual meeting, a shareholder proposal to require a majority vote for the election of directors received supporting votes from 68.9 percent of votes cast, and 57.31 percent of outstanding shares. However, the company has not taken any action in response to this vote. Accordingly, TDAM would normally oppose the elections of Walker, Bryenton, Dominski, and Nay, as they serve on the Nominating and Corporate Governance committee of the board. However, as the board is still in the process of declassification, only Dominski is proposed for election this year.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Clean Harbors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CLH    07-May-12    USA    184496107    Annual    12-Mar-12

 

CUSIP: 184496107    ISIN: US1844961078    SEDOL: 2202473

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan S. McKim   Mgmt   For   For
Elect Director Rod Marlin   Mgmt   For   For
Elect Director John T. Preston   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Tootsie Roll Industries, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TR    07-May-12    USA    890516107    Annual    06-Mar-12

 

CUSIP: 890516107    ISIN: US8905161076    SEDOL: 2896809

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvin J. Gordon   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Ellen R. Gordon   Mgmt   For   For
Elect Director Lana Jane Lewis-Brent   Mgmt   For   For
Elect Director Barre A. Seibert   Mgmt   For   For
Elect Director Richard P. Bergeman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alterra Capital Holdings Limited

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALTE    08-May-12    Bermuda    G0229R108    Annual    29-Feb-12

 

CUSIP: G6052F103    ISIN: BMG0229R1088    SEDOL: B4KTGD9

 

  Proponent   Mgmt Rec   Vote Instruction
Elect W. Marston Becker as Director   Mgmt   For   For
Elect James D. Carey as Director   Mgmt   For   For
Elect K. Bruce Connell as Director   Mgmt   For   For
Elect W. Thomas Forrester as Director   Mgmt   For   For
Elect Meryl D. Hartzband as Director   Mgmt   For   For
Elect Willis T. King, Jr. as Director   Mgmt   For   For
Elect James H. MacNaughton as Director   Mgmt   For   For
Elect Stephan F. Newhouse as Director   Mgmt   For   For
Elect Michael O’Reilly as Director   Mgmt   For   For
Elect Andrew H. Rush as Director   Mgmt   For   For
Elect Mario P. Torsiello as Director   Mgmt   For   For
Elect James L. Zech as Director   Mgmt   For   For
Ratify the Appointment of KPMG as Alterra Capital’s Independent Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CDE    08-May-12    USA    192108504    Annual    12-Mar-12

 

CUSIP: 192108504    ISIN: US1921085049    SEDOL: 2208136

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. Michael Bogert   Mgmt   For   For
Elect Director James J. Curran   Mgmt   For   For
Elect Director Sebastian Edwards   Mgmt   For   For
Elect Director Mitchell J. Krebs   Mgmt   For   For

Coeur d’Alene Mines Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Andrew Lundquist   Mgmt   For   For
Elect Director Robert E. Mellor   Mgmt   For   For
Elect Director John H. Robinson   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Timothy R. Winterer   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cohen & Steers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNS    08-May-12    USA    19247A100    Annual    13-Mar-12

 

CUSIP: 19247A100    ISIN: US19247A1007    SEDOL: B02H882

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Martin Cohen   Mgmt   For   For
Elect Director Robert H. Steers   Mgmt   For   For
Elect Director Peter L. Rhein   Mgmt   For   For
Elect Director Richard P. Simon   Mgmt   For   For
Elect Director Edmond D. Villani   Mgmt   For   For
Elect Director Bernard B. Winograd   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crosstex Energy, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XTXI    08-May-12    USA    22765Y104    Annual    20-Mar-12

 

CUSIP: 22765Y104    ISIN: US22765Y1047    SEDOL: 2263306

Crosstex Energy, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leldon E. Echols   Mgmt   For   For
Elect Director Sheldon B. Lubar   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Policy Rationale: TDAM supports this proposal as the company’s current equal employment opportunity (EEO) policies do not address gender identity.

Equity LifeStyle Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ELS    08-May-12    USA    29472R108    Annual    06-Mar-12

 

CUSIP: 29472R108    ISIN: US29472R1086    SEDOL: 2563125

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philip Calian   Mgmt   For   For
Elect Director David Contis   Mgmt   For   For
Elect Director Thomas Dobrowski   Mgmt   For   For
Elect Director Thomas Heneghan   Mgmt   For   For
Elect Director Sheli Rosenberg   Mgmt   For   For
Elect Director Howard Walker   Mgmt   For   For
Elect Director Gary Waterman   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Conversion of Securities   Mgmt   For   For
Voter Rationale: In line with ISS reasoning which does not offend TDAM guidelines, this proposal will not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Equity LifeStyle Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Increase Authorized Preferred Stock   Mgmt   For   Against
Policy Rationale: TDAM generally opposes the authorization or increase of Blank Check Preferred Shares.

Sotheby’s

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BID    08-May-12    USA    835898107    Annual    14-Mar-12

 

CUSIP: 835898107    ISIN: US8358981079    SEDOL: 2822406

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John M. Angelo   Mgmt   For   For
Elect Director Michael Blakenham   Mgmt   For   For
Elect Director Steven B. Dodge   Mgmt   For   For
Elect Director The Duke Of Devonshire   Mgmt   For   For
Elect Director Daniel Meyer   Mgmt   For   For
Elect Director Allen Questrom   Mgmt   For   For
Elect Director William F. Ruprecht   Mgmt   For   For
Elect Director Marsha E. Simms   Mgmt   For   For
Elect Director Michael I. Sovern   Mgmt   For   For
Elect Director Robert S. Taubman   Mgmt   For   For
Elect Director Diana L. Taylor   Mgmt   For   For
Elect Director Dennis M. Weibling   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Pro-rata Vesting of Equity Awards   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.

Allianz SE

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALV    09-May-12    Germany    D03080112    Annual   

 

CUSIP: D03080112    ISIN: DE0008404005    SEDOL: 5231485

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 4.50 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Elect Wulf Bernotat as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Gerhard Cromme as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Renate Koecher as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Igor Landau as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Helmut Perlet as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Policy Rationale: For companies that have between 500 and 2,000 employees, one third of the supervisory board must be made up of employee representatives.
Elect Denis Sutherland as Shareholder Representative to the Supervisory Board   Mgmt   For   For
Elect Dante Barban as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Gabriele Burkhardt-Berg as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Jacques Cette as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Ira Gloe-Semler as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Franz Heiss as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Rolf Zimmermann as Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Giovanni Casiroli as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Josef Hochburger as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Jean-Claude Le Goaer as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For

Allianz SE

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Joerg Reinbrecht as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Juergen Lawrenz as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Elect Frank Kirsch as Alternate Employee Representative to the Supervisory Board   Mgmt   For   For
Amend Articles Re: Term of Supervisory Board Members   Mgmt   For   For
Authorise Exclusion of Preemptive Rights for the Issuance of Shares from Authorized Capital 2010/I   Mgmt   For   For

Bank of America Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BAC    09-May-12    USA    060505104    Annual    14-Mar-12

 

CUSIP: 060505104    ISIN: US0605051046    SEDOL: 2295677

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mukesh D. Ambani   Mgmt   For   For
Elect Director Susan S. Bies   Mgmt   For   For
Elect Director Frank P. Bramble, Sr.   Mgmt   For   For
Elect Director Virgis W. Colbert   Mgmt   For   For
Elect Director Charles K. Gifford   Mgmt   For   For
Elect Director Charles O. Holliday, Jr.   Mgmt   For   For
Elect Director Monica C. Lozano   Mgmt   For   For
Elect Director Thomas J. May   Mgmt   For   For
Elect Director Brian T. Moynihan   Mgmt   For   For
Elect Director Donald E. Powell   Mgmt   For   For
Elect Director Charles O. Rossotti   Mgmt   For   For
Elect Director Robert W. Scully   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Bank of America Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Disclose Prior Government Service   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. The Company’s current policies on stock ownership are adequately connected to long-term interests of shareholders.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Audit Committee Review and Report on Controls Related to Loans, Foreclosure and Securitizations   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current internal controls are robust and as such this proposal does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

ConocoPhillips

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COP    09-May-12    USA    20825C104    Annual    12-Mar-12

 

CUSIP: 20825C104    ISIN: US20825C1045    SEDOL: 2685717

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Richard H. Auchinleck   Mgmt   For   For
Elect Director James E. Copeland, Jr.   Mgmt   For   For
Elect Director Kenneth M. Duberstein   Mgmt   For   For
Elect Director Ruth R. Harkin   Mgmt   For   For
Elect Director Ryan M. Lance   Mgmt   For   For

ConocoPhillips

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Mohd H. Marican   Mgmt   For   For
Elect Director Harold W. McGraw, III   Mgmt   For   For
Elect Director James J. Mulva   Mgmt   For   For
Elect Director Robert A. Niblock   Mgmt   For   For
Elect Director Harald J. Norvik   Mgmt   For   For
Elect Director William K. Reilly   Mgmt   For   For
Elect Director Victoria J. Tschinkel   Mgmt   For   For
Elect Director Kathryn C. Turner   Mgmt   For   For
Elect Director William E. Wade, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy to Address Coastal Louisiana Environmental Impacts   SH   Against   Against
Report on Accident Risk Reduction Efforts   SH   Against   Against
Report on Lobbying Payments and Policy   SH   Against   Against
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because ConocoPhillips does not provide corporate-wide goals to reduce GHG emissions from its products or operations. Given the prospects for regulatory changes and eventual legislation on this issue, ConocoPhillips could provide more transparency to its shareholders on its Climate Change Action Plan and other internal GHG emissions reduction initiatives and goals.
Amend EEO Policy to Prohibit Discrimination based on Gender Identity   SH   Against   For
Policy Rationale: TDAM support for this item is merited as the company’s EEO policy includes sexual orientation but does not specifically address the topic of gender identity or expression. Shareholders would benefit from the company adding gender identity into its EEO policy, taking into account changing state and federal legislation and the adoption of similar policies at many other companies.

Entertainment Properties Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPR    09-May-12    USA    29380T105    Annual    24-Feb-12

 

CUSIP: 29380T105    ISIN: US29380T1051    SEDOL: 2126937

Entertainment Properties Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack A. Newman, Jr.   Mgmt   For   For
Elect Director James A. Olson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Voter Rationale: In line with ISS reasoning, the Executive Incentive Bonus Plan does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

L air liquide

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AI    09-May-12    France    F01764103    Annual/Special    03-May-12

 

CUSIP: F01764103    ISIN: FR0000120073    SEDOL: B1YXBJ7

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.50 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Karen Katen as Director   Mgmt   For   For
Elect Pierre Dufour as Director   Mgmt   For   For
Approve Transaction with Pierre Dufour   Mgmt   For   Against
Policy Rationale: TDAM does not support the severance package to be granted to Pierre Dufour because it is not in line with best market practices in view of the concerns on the maximum amount of the severance package, on the existence and the stringency of performance conditions, and on triggering events.
Extraordinary Business   Mgmt    
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For

L air liquide

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Capitalization of Reserves of Up to EUR 250 Million for Bonus Issue or Increase in Par Value   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Ordinary Business   Mgmt    
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

 

NewStar Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NEWS    09-May-12    USA    65251F105    Annual    02-Apr-12

 

CUSIP: 65251F105    ISIN: US65251F1057    SEDOL: B1L7CP5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles N. Bralver   Mgmt   For   For
Elect Director Timothy J. Conway   Mgmt   For   For
Elect Director Bradley E. Cooper   Mgmt   For   For
Elect Director Brian L.P. Fallon   Mgmt   For   For
Elect Director Frank R. Noonan   Mgmt   For   For
Elect Director Maureen P. O’Hara   Mgmt   For   For
Elect Director Peter A. Schmidt-Fellner   Mgmt   For   For
Elect Director Richard E. Thornburgh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Penske Automotive Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAG    09-May-12    USA    70959W103    Annual    16-Mar-12

 

CUSIP: 70959W103    ISIN: US70959W1036    SEDOL: 2943523

Penske Automotive Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John D. Barr   Mgmt   For   For
Elect Director Michael R. Eisenson   Mgmt   For   For
Elect Director Robert H. Kurnick, Jr.   Mgmt   For   For
Elect Director William J. Lovejoy   Mgmt   For   For
Elect Director Kimberly J. McWaters   Mgmt   For   For
Elect Director Yoshimi Namba   Mgmt   For   For
Elect Director Lucio A. Noto   Mgmt   For   For
Elect Director Roger S. Penske   Mgmt   For   For
Elect Director Richard J. Peters   Mgmt   For   For
Elect Director Ronald G. Steinhart   Mgmt   For   For
Elect Director H. Brian Thompson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Polypore International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPO    09-May-12    USA    73179V103    Annual    12-Mar-12

 

CUSIP: 73179V103    ISIN: US73179V1035    SEDOL: B02HWV3

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William Dries   Mgmt   For   For
Elect Director Frederick C. Flynn, Jr.   Mgmt   For   For
Elect Director Michael Chesser   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Quaker Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KWR    09-May-12    USA    747316107    Annual    09-Mar-12

 

CUSIP: 747316107    ISIN: US7473161070    SEDOL: 2715186

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald R. Caldwell   Mgmt   For   For
Elect Director William R. Cook   Mgmt   For   For
Elect Director Jeffrey D. Frisby   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Standard Chartered plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STAN    09-May-12    United Kingdom    G84228157    Annual    04-May-12

 

CUSIP: G84228157    ISIN: GB0004082847    SEDOL: 0408284

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Viswanathan Shankar as Director   Mgmt   For   For
Re-elect Stefano Bertamini as Director   Mgmt   For   For
Re-elect Jaspal Bindra as Director   Mgmt   For   For
Re-elect Richard Delbridge as Director   Mgmt   For   For
Re-elect James Dundas as Director   Mgmt   For   For
Re-elect Valerie Gooding as Director   Mgmt   For   For
Re-elect Dr Han Seung-soo as Director   Mgmt   For   For
Re-elect Simon Lowth as Director   Mgmt   For   For
Re-elect Rudolph Markham as Director   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item because the nominee is considered to be a non-independent NED and is Chairman of the Audit Committee. In addition, the nominee is the designated Senior Independent Director, a role which should be reserved for an unquestionably independent NED.
Re-elect Ruth Markland as Director   Mgmt   For   For
Re-elect Richard Meddings as Director   Mgmt   For   For

Standard Chartered plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect John Paynter as Director   Mgmt   For   For
Re-elect Sir John Peace as Director   Mgmt   For   For
Re-elect Alun Rees as Director   Mgmt   For   For
Re-elect Peter Sands as Director   Mgmt   For   For
Re-elect Paul Skinner as Director   Mgmt   For   For
Re-elect Oliver Stocken as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

The Warnaco Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRC    09-May-12    USA    934390402    Annual    26-Mar-12

 

CUSIP: 934390402    ISIN: US9343904028    SEDOL: 2352668

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Bell   Mgmt   For   For
Elect Director Robert A. Bowman   Mgmt   For   For
Elect Director Richard Karl Goeltz   Mgmt   For   For
Elect Director Sheila A. Hopkins   Mgmt   For   For
Elect Director Helen McCluskey   Mgmt   For   For
Elect Director Charles R. Perrin   Mgmt   For   For
Elect Director Nancy A. Reardon   Mgmt   For   For

The Warnaco Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald L. Seeley   Mgmt   For   For
Elect Director Cheryl Nido Turpin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Unilever NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    09-May-12    Netherlands    N8981F271    Annual    11-Apr-12

 

CUSIP: N8981F271    ISIN: NL0000009355    SEDOL: B12T3J1

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Receive Report of Management Board   Mgmt    
Approve Financial Statements and Allocation of Income   Mgmt   For   For
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Reelect P.G.J.M. Polman as CEO to Board of Directors   Mgmt   For   For
Relect R.J.M.S. Huet as CFO to Board of Directors   Mgmt   For   For
Reelect L.O. Fresco to Board of Directors   Mgmt   For   For
Reelect A.M. Fudge to Board of Directors   Mgmt   For   For
Reelect C.E. Golden to Board of Directors   Mgmt   For   For
Reelect B.E. Grote to Board of Directors   Mgmt   For   For
Reelect S.B. Mittal to Board of Directors   Mgmt   For   For
Reelect H. Nyasulu to Board of Directors   Mgmt   For   For
Reelect M. Rifkind to Board of Directors   Mgmt   For   For
Reelect K.J. Storm to Board of Directors   Mgmt   For   For
Reelect M. Treschow to Board of Directors   Mgmt   For   For
Reelect P.S. Walsh to Board of Directors   Mgmt   For   For
Amend Articles of Association   Mgmt   For   For

Unilever NV

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Approve Authorization to Cancel Ordinary Shares   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus Additional 10 Percent in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Ratify PricewaterhouseCoopers as Auditors   Mgmt   For   For
Allow Questions and Close Meeting   Mgmt    

Unilever plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULVR    09-May-12    United Kingdom    G92087165    Annual    04-May-12

 

CUSIP: G92087165    ISIN: GB00B10RZP78    SEDOL: B10RZP7

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Paul Polman as Director   Mgmt   For   For
Re-elect Jean-Marc Huet as Director   Mgmt   For   For
Re-elect Louise Fresco as Director   Mgmt   For   For
Re-elect Ann Fudge as Director   Mgmt   For   For
Re-elect Charles Golden as Director   Mgmt   For   For
Re-elect Byron Grote as Director   Mgmt   For   For
Re-elect Sunil Bharti Mittal as Director   Mgmt   For   For
Re-elect Hixonia Nyasulu as Director   Mgmt   For   For
Re-elect Sir Malcolm Rifkind as Director   Mgmt   For   For
Re-elect Kees Storm as Director   Mgmt   For   For
Re-elect Michael Treschow as Director   Mgmt   For   For
Re-elect Paul Walsh as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For

Unilever plc

 

  Proponent   Mgmt Rec   Vote Instruction
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For
Adopt New Articles of Association   Mgmt   For   For

Bill Barrett Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BBG    10-May-12    USA    06846N104    Annual    13-Mar-12

 

CUSIP: 06846N104    ISIN: US06846N1046    SEDOL: B04M3T1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William F. Owens   Mgmt   For   For
Elect Director Randy I. Stein   Mgmt   For   For
Elect Director Kevin O. Meyers   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Reduce Supermajority Vote Requirement   Mgmt   For   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will vote for proposals to reduce the supermajority requirement.
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cinemark Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CNK    10-May-12    USA    17243V102    Annual    23-Mar-12

 

CUSIP: 17243V102    ISIN: US17243V1026    SEDOL: B1W7RQ0

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Vahe A. Dombalagian   Mgmt   For   For
Elect Director Peter R. Ezersky   Mgmt   For   For
Elect Director Carlos M. Sepulveda   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

CVS Caremark Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVS    10-May-12    USA    126650100    Annual    13-Mar-12

 

CUSIP: 126650100    ISIN: US1266501006    SEDOL: 2577609

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. David Brown, II   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 61.2 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of David W. Dorman, C. David Brown, Anne M. Finucane, Marian L. Heard, and C.A. Lance Piccolo, who serve on the Nominating and Corporate Governance committee of the board.
Elect Director David W. Dorman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Anne M. Finucane   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Kristen Gibney Williams   Mgmt   For   For
Elect Director Marian L. Heard   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

CVS Caremark Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry J. Merlo   Mgmt   For   For
Elect Director Jean-Pierre Millon   Mgmt   For   For
Elect Director C.A. Lance Piccolo   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, which does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Dril-Quip, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DRQ    10-May-12    USA    262037104    Annual    23-Mar-12

 

CUSIP: 262037104    ISIN: US2620371045    SEDOL: 2116767

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director L. H. Dick Robertson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

FEI Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FEIC    10-May-12    USA    30241L109    Annual    05-Mar-12

 

CUSIP: 30241L109    ISIN: US30241L1098    SEDOL: 2355764

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence A. Bock   Mgmt   For   For
Elect Director Arie Huijser   Mgmt   For   For
Elect Director Don R. Kania   Mgmt   For   For
Elect Director Thomas F. Kelly   Mgmt   For   For
Elect Director Jan C. Lobbezoo   Mgmt   For   For
Elect Director Gerhard H. Parker   Mgmt   For   For
Elect Director James T. Richardson   Mgmt   For   For
Elect Director Richard H. Wills   Mgmt   For   For
Elect Director Homa Bahrami   Mgmt   For   For
Elect Director Jami K. Nachtsheim   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Ford Motor Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
F    10-May-12    USA    345370860    Annual    14-Mar-12

 

CUSIP: 345370860    ISIN: US3453708600    SEDOL: 2615468

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen G. Butler   Mgmt   For   For
Elect Director Kimberly A. Casiano   Mgmt   For   For
Elect Director Anthony F. Earley, Jr.   Mgmt   For   For

Ford Motor Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edsel B. Ford II   Mgmt   For   For
Elect Director William Clay Ford, Jr.   Mgmt   For   For
Elect Director Richard A. Gephardt   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director William W. Helman IV   Mgmt   For   For
Elect Director Irvine O. Hockaday, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Richard A. Manoogian   Mgmt   For   For
Elect Director Ellen R. Marram   Mgmt   For   For
Elect Director Alan Mulally   Mgmt   For   For
Elect Director Homer A. Neal   Mgmt   For   For
Elect Director Gerald L. Shaheen   Mgmt   For   For
Elect Director John L. Thornton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting, which allows all votes to be cast for a single candidate or for any two or more of them, should generally be opposed.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: TDAM guidelines support the general principle of “one share, one vote” and will generally oppose classes of shares with unequal voting rights.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles/Bylaws/Charter - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.

Kohl’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KSS    10-May-12    USA    500255104    Annual    07-Mar-12

 

CUSIP: 500255104    ISIN: US5002551043    SEDOL: 2496113

Kohl’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Boneparth   Mgmt   For   For
Elect Director Steven A. Burd   Mgmt   For   For
Elect Director John F. Herma   Mgmt   For   For
Elect Director Dale E. Jones   Mgmt   For   For
Elect Director William S. Kellogg   Mgmt   For   For
Elect Director Kevin Mansell   Mgmt   For   For
Elect Director John E. Schlifske   Mgmt   For   For
Elect Director Frank V. Sica   Mgmt   For   For
Elect Director Peter M. Sommerhauser   Mgmt   For   For
Elect Director Stephanie A. Streeter   Mgmt   For   For
Elect Director Nina G. Vaca   Mgmt   For   For
Elect Director Stephen E. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Policy on Ending Use of Animal Fur in Products   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Adopt Policy on Succession Planning   SH   Against   Against
Policy Rationale: TDAM votes with management on this proposal.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that management, the Board, and the Compensation Committee are best suited to consider executive compensation and incentive issues, and that the current incentive program adequately aligns compensation and long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.      

ManTech International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MANT    10-May-12    USA    564563104    Annual    15-Mar-12

 

CUSIP: 564563104    ISIN: US5645631046    SEDOL: 2825308

ManTech International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George J. Pedersen   Mgmt   For   For
Elect Director Richard L. Armitage   Mgmt   For   For
Elect Director Mary K. Bush   Mgmt   For   For
Elect Director Barry G. Campbell   Mgmt   For   For
Elect Director Walter R. Fatzinger, Jr.   Mgmt   For   For
Elect Director David E. Jeremiah   Mgmt   For   For
Elect Director Richard J. Kerr   Mgmt   For   For
Elect Director Kenneth A. Minihan   Mgmt   For   For
Elect Director Stephen W. Porter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Monotype Imaging Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TYPE    10-May-12    USA    61022P100    Annual    22-Mar-12

 

CUSIP: 61022P100    ISIN: US61022P1003    SEDOL: B1YWR85

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Pamela F. Lenehan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Norfolk Southern Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NSC    10-May-12    USA    655844108    Annual    02-Mar-12

 

CUSIP: 655844108    ISIN: US6558441084    SEDOL: 2641894

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gerald L. Baliles   Mgmt   For   For

Norfolk Southern Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Erskine B. Bowles   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Wesley G. Bush   Mgmt   For   For
Elect Director Daniel A. Carp   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Steven F. Leer   Mgmt   For   For
Elect Director Michael D. Lockhart   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RIO    10-May-12    Australia    Q81437107    Annual    08-May-12

 

CUSIP: Q81437107    ISIN: AU000000RIO1    SEDOL: 6220103

 

  Proponent   Mgmt Rec   Vote Instruction
Accept the Financial Statements and Statutory Reports for the Year Ended Dec. 31, 2011   Mgmt   For   For
Approve the Remuneration Report for the Year Ended Dec. 31, 2011   Mgmt   For   For
Elect Chris Lynch as a Director   Mgmt   For   For
Elect John Varley as a Director   Mgmt   For   For
Elect Tom Albanese as a Director   Mgmt   For   For
Elect Robert Brown as a Director   Mgmt   For   For
Elect Vivienne Cox as a Director   Mgmt   For   For
Elect Jan du Plessis as a Director   Mgmt   For   For
Elect Guy Elliott as a Director   Mgmt   For   For
Elect Micheal Fitzpatrick as a Director   Mgmt   For   For

Rio Tinto Ltd. (Formerly Cra Ltd.)

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Ann Godbehere as a Director   Mgmt   For   For
Elect Richard Goodmanson as a Director   Mgmt   For   For
Elect Lord Kerr as a Director   Mgmt   For   For
Elect Paul Tellier as a Director   Mgmt   For   For
Elect Sam Walsh as a Director   Mgmt   For   For
Approve the Reappointment of PricewaterhouseCoopers LLP as Auditors of Rio Tinto plc and Authorize the Audit Committee to Fix the Auditors’ Remuneration   Mgmt   For   For
Approve the Renewal of the Off-Market and On-Market Share Buyback Authorities   Mgmt   For   For

The Dow Chemical Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DOW    10-May-12    USA    260543103    Annual    19-Mar-12

 

CUSIP: 260543103    ISIN: US2605431038    SEDOL: 2278719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arnold A. Allemang   Mgmt   For   For
Elect Director Jacqueline K. Barton   Mgmt   For   For
Elect Director James A. Bell   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 58.5 percent of votes cast at the 2009 AGM. Although management proposed a resolution at the 2010 AGM which would permit holders of shares representing at least 25 percent of the outstanding shares of the company’s common stock to call a special meeting, to date it has not fully implemented the majority supported resolution. Accordingly, TDAM will oppose the elections of J. A. Bell and J. M. Fettig, who serve on the board’s Governance committee.
Elect Director Jeff M. Fettig   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director John B. Hess   Mgmt   For   For
Elect Director Andrew N. Liveris   Mgmt   For   For
Elect Director Paul Polman   Mgmt   For   For
Elect Director Dennis H. Reilley   Mgmt   For   For

The Dow Chemical Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James M. Ringler   Mgmt   For   For
Elect Director Ruth G. Shaw   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, .
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has appointed an independent lead director.

Cameron International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAM    11-May-12    USA    13342B105    Annual    16-Mar-12

 

CUSIP: 13342B105    ISIN: US13342B1052    SEDOL: 2222233

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Baker Cunningham   Mgmt   For   For
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Douglas L. Foshee   Mgmt   For   For
Elect Director Rodolfo Landim   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.

Cameron International Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Adopt the Jurisdiction of Incorporation as the Exclusive Forum for Certain Disputes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it reduces shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Approve Restatement of the Company’s Certificate of Incorporation   Mgmt   For   For
Voter Rationale: This is a routine matter that does not raise an issue of principle with respect to corporate governance. As such, TDAM supports this resolution.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Total SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FP    11-May-12    France    F92124100    Annual/Special    07-May-12

 

CUSIP: F92124100    ISIN: FR0000120271    SEDOL: B15C557

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 2.28 per Share   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Reelect Christophe de Margerie as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Reelect Patrick Artus as Director   Mgmt   For   For
Reelect Bertrand Collomb as Director   Mgmt   For   For
Reelect Anne Lauvergeon as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   For
Ratify Appointment of Gerard Lamarche as Director   Mgmt   For   For
Elect Anne-Marie Idrac as Director   Mgmt   For   For

Total SA

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Severance Payment Agreement with Christophe de Margerie   Mgmt   For   Against
Policy Rationale: TDAM will oppose this item as the severance package granted to Christophe de Margerie is not totally in line with best market practices, in view of the concerns of the triggering events and performance criteria.
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2.5 Billion and/or Authorize Capitalization of Reserves for Bonus Issue or Increase in Par Value   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 850 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Item 14   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Stock Purchase Plan Reserved for Employees of International Subsidiaries   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Proposals Made by UES Amont Total Workers’ Counsel   Mgmt    
Approve Additional Indicators to Include in the Information Provided on Corporate Executive Officers Remuneration   SH   Against   Against
Voter Rationale: As the company has fully disclosed the relevant details of its executive compensation practices in its proxy circular, additional disclosure does not increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.      
Allow Loyalty Dividends to Long-Term Registered Shareholders   SH   Against   Against
Voter Rationale: TDAM generally opposes shareholder proposals which seek to mandate considerations which the board of directors must take into account in making business decisions. The issuance of dividends is a business decision that management, the Board and key Board committees are best suited to consider.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Equity One, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQY    14-May-12    USA    294752100    Annual    05-Mar-12

 

CUSIP: 294752100    ISIN: US2947521009    SEDOL: 2246329

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James S. Cassel   Mgmt   For   For
Elect Director Cynthia R. Cohen   Mgmt   For   For
Elect Director Neil Flanzraich   Mgmt   For   For
Elect Director Nathan Hetz   Mgmt   For   For
Elect Director Chaim Katzman   Mgmt   For   For
Elect Director Peter Linneman   Mgmt   For   For
Elect Director Jeffrey S. Olson   Mgmt   For   For
Elect Director Dori Segal   Mgmt   For   For
Elect Director David Fischel   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

ING Groep NV

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    14-May-12    Netherlands    N4578E413    Annual    16-Apr-12

 

CUSIP: N4578E413    ISIN: NL0000303600    SEDOL: 7154182

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Open Meeting   Mgmt    
Receive Report of Management Board (Non-Voting)   Mgmt    
Receive Report of Supervisory Board (Non-Voting)   Mgmt    
Adopt Financial Statements   Mgmt   For   For
Receive Explanation on Company’s Reserves and Dividend Policy   Mgmt    
Discuss Remuneration Report Containing Remuneration Policy for Management Board Members   Mgmt    

ING Groep NV

 

  Proponent   Mgmt Rec   Vote Instruction
Discussion on Company’s Corporate Governance Structure   Mgmt    
Amend Articles Re: Legislative Changes   Mgmt   For   For
Receive Announcements on Sustainability   Mgmt    
Approve Discharge of Management Board   Mgmt   For   For
Approve Discharge of Supervisory Board   Mgmt   For   For
Ratify Ernst and Young as Auditors   Mgmt   For   For
Elect Wilfred Nagel to Executive Board   Mgmt   For   For
Reelect Aman Mehta to Supervisory Board   Mgmt   For   For
Elect Jan Holsboer to Supervisory Board   Mgmt   For   For
Elect Yvonne van Rooy to Supervisory Board   Mgmt   For   For
Elect Robert Reibestein to Supervisory Board   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital Plus in Case of Takeover/Merger and Restricting/Excluding Preemptive Rights   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital in Connection with a Major Capital Restructuring   Mgmt   For   For
Close Meeting   Mgmt    

Alaska Air Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALK    15-May-12    USA    011659109    Annual    23-Mar-12

 

CUSIP: 011659109    ISIN: US0116591092    SEDOL: 2012605

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William S. Ayer   Mgmt   For   For
Elect Director Patricia M. Bedient   Mgmt   For   For
Elect Director Marion C. Blakey   Mgmt   For   For
Elect Director Phyllis J. Campbell   Mgmt   For   For

Alaska Air Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jessie J. Knight, Jr.   Mgmt   For   For
Elect Director R. Marc Langland   Mgmt   For   For
Elect Director Dennis F. Madsen   Mgmt   For   For
Elect Director Byron I. Mallott   Mgmt   For   For
Elect Director J. Kenneth Thompson   Mgmt   For   For
Elect Director Bradley D. Tilden   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making decisions. TDAM is of the view that the Company’s current long-term equity-based awards adequately align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Boston Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BXP    15-May-12    USA    101121101    Annual    21-Mar-12

 

CUSIP: 101121101    ISIN: US1011211018    SEDOL: 2019479

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lawrence S. Bacow   Mgmt   For   For
Elect Director Zoe Baird Budinger   Mgmt   For   For
Elect Director Douglas T. Linde   Mgmt   For   For
Elect Director Matthew J. Lustig   Mgmt   For   For
Elect Director Alan J. Patricof   Mgmt   For   For
Elect Director Martin Turchin   Mgmt   For   For
Elect Director David A. Twardock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Boston Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

GrafTech International Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GTI    15-May-12    USA    384313102    Annual    22-Mar-12

 

CUSIP: 384313102    ISIN: US3843131026    SEDOL: 2906719

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randy W. Carson   Mgmt   For   For
Elect Director Mary B. Cranston   Mgmt   For   For
Elect Director Harold E. Layman   Mgmt   For   For
Elect Director Ferrell P. McClean   Mgmt   For   For
Elect Director Nathan Milikowsky   Mgmt   For   For
Elect Director Michael C. Nahl   Mgmt   For   For
Elect Director Steven R. Shawley   Mgmt   For   For
Elect Director Craig S. Shular   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Highwoods Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HIW    15-May-12    USA    431284108    Annual    01-Mar-12

 

CUSIP: 431284108    ISIN: US4312841087    SEDOL: 2420640

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas W. Adler   Mgmt   For   For
Elect Director Gene H. Anderson   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For

Highwoods Properties, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David J. Hartzell   Mgmt   For   For
Elect Director Sherry A. Kellett   Mgmt   For   For
Elect Director Mark F. Mulhern   Mgmt   For   For
Elect Director L. Glenn Orr, Jr.   Mgmt   For   For
Elect Director O. Temple Sloan, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will oppose this item on a case-by-case basis.

JPMorgan Chase & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JPM    15-May-12    USA    46625h100    Annual    16-Mar-12

 

CUSIP: 46625h100    ISIN: US46625H1005    SEDOL: 2190385

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Bell   Mgmt   For   For
Elect Director Crandall C. Bowles   Mgmt   For   For
Elect Director Stephen B. Burke   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal seeking the right to act by written consent passed with 54.3 percent of total votes cast at the 2010 AGM. The shareholder resolution was also proposed at the 2011 AGM, where it garnered the support of 49 percent of votes cast, and is included on ballot once more this year (Item 19). To date, the company has not implemented the majority supported resolution. Accordingly, TDAM will continue to oppose the elections of Burke, Raymond, and Weldon, who serve on the Corporate Governance and Nominating committee of the board.
Elect Director David M. Cote   Mgmt   For   For
Elect Director James S. Crown   Mgmt   For   For
Elect Director James Dimon   Mgmt   For   For
Elect Director Timothy P. Flynn   Mgmt   For   For
Elect Director Ellen V. Futter   Mgmt   For   For
Elect Director Laban P. Jackson, Jr.   Mgmt   For   For

JPMorgan Chase & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lee R. Raymond   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director William C. Weldon   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Affirm Political Non-Partisanship   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director
Report on Loan Modifications   SH   Against   Against
Voter Rationale: Unless management is in favour, TDAM will generally oppose shareholder proposals which seek to alter or constrict directors’ supervision of management, or which seek to mandate considerations which directors and/or management must take into account in making business decisions. TDAM is of the view that the Company’s current policies and processes for oversight of loan modification are adequate.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Institute Procedures to Prevent Investments in Companies that Contribute to Genocide or Crimes Against Humanity   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: TDAM votes in favor of this proposal because approval would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights.
Stock Retention   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Medicis Pharmaceutical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRX    15-May-12    USA    584690309    Annual    16-Mar-12

 

CUSIP: 584690309    ISIN: US5846903095    SEDOL: 2576510

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Arthur G. Altschul, Jr.   Mgmt   For   For
Elect Director Philip S. Schein   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS’s reasoning, executive compensation is not linked to company and/or individual performance.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Quidel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QDEL    15-May-12    USA    74838J101    Annual    20-Mar-12

 

CUSIP: 74838J101    ISIN: US74838J1016    SEDOL: 2717591

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas D. Brown   Mgmt   For   For
Elect Director Douglas C. Bryant   Mgmt   For   For
Elect Director Kenneth F. Buechler   Mgmt   For   For
Elect Director Rod F. Dammeyer   Mgmt   For   For
Elect Director Mary Lake Polan   Mgmt   For   For
Elect Director Mark A. Pulido   Mgmt   For   For
Elect Director Jack W. Schuler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For

Sprint Nextel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
S    15-May-12    USA    852061100    Annual    16-Mar-12

 

CUSIP: 852061100    ISIN: US8520611000    SEDOL: 2922447

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert R. Bennett   Mgmt   For   For
Elect Director Gordon M. Bethune   Mgmt   For   For
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director James H. Hance, Jr.   Mgmt   For   For
Elect Director Daniel R. Hesse   Mgmt   For   For
Elect Director V. Janet Hill   Mgmt   For   For
Elect Director Frank Ianna   Mgmt   For   For
Elect Director Sven-Christer Nilsson   Mgmt   For   For
Elect Director William R. Nuti   Mgmt   For   For
Elect Director Rodney O’Neal   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s recommendation, which does not offend TDAM guidelines.
Amend Articles of Incorporation to Opt-out of the Business Combination Statute   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Articles of Incorporation to Eliminate Business Combination Provision   Mgmt   For   For
Voter Rationale: In line with ISS and management, this proposal increases shareholder value.
Policy Rationale: Issues not specifically addressed are evaluated by TDAM on a case-by-case basis.
Amend Omnibus Stock Plan   Mgmt   For   For
Adopt Policy on Bonus Banking   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s executive compensation approach effectively aligns executive performance with long-term shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Sprint Nextel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Commit to Wireless Network Neutrality   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

Statoil ASA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
STL    15-May-12    Norway    R8413J103    Annual   

 

CUSIP: R4446E112    ISIN: NO0010096985    SEDOL: 7133608

 

  Proponent   Mgmt Rec   Vote Instruction
Open Meeting   Mgmt    
Registration of Attending Shareholders and Proxies   Mgmt    
Elect Olaug Svarva as Chairman of Meeting   Mgmt   For   For
Approve Notice of Meeting and Agenda   Mgmt   For   For
Designate Inspector(s) of Minutes of Meeting   Mgmt   For   For
Approve Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of NOK 6.50 per Share   Mgmt   For   For
Shareholder Proposals   Mgmt    
Withdraw Company From Tar Sands Activities in Canada   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. TDAM analyses these proposals on a case-by-case basis.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Management Proposals   Mgmt    
Approve Remuneration Policy And Other Terms of Employment For Executive Management   Mgmt   For   Against
Policy Rationale: Approval of this item is not warranted as, under the cash-based long-term incentive program, executives are in essence granted free shares without any performance criteria attached. Furthermore, the share- matching element of the employee stock purchase plan is subject to only two-year vesting.
Approve Remuneration of Auditors for 2011   Mgmt   For   For
Elect KPMG as Auditors   Mgmt   For   For
Reelect Olaug Svarva as Member of Corporate Assembly   Mgmt   For   For
Reelect Idar Kreutzer as Member of Corporate Assembly   Mgmt   For   For

Statoil ASA

 

  Proponent   Mgmt Rec   Vote Instruction
Reelect Karin Aslaksen as Member of Corporate Assembly   Mgmt   For   For
Reelect Greger Mannsverk as Member of Corporate Assembly   Mgmt   For   For
Reelect Steinar Olsen as Member of Corporate Assembly   Mgmt   For   For
Reelect Ingvald Strommen as Member of Corporate Assembly   Mgmt   For   For
Reelect Rune Bjerke as Member of Corporate Assembly   Mgmt   For   For
Reelect Tore Ulstein as Member of Corporate Assembly   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Corporate Assembly   Mgmt   For   For
Reelect Siri Kalvig as Member of Corporate Assembly   Mgmt   For   For
Reelect Thor Oscar Bolstad as Member of Corporate Assembly   Mgmt   For   For
Reelect Barbro Haetta as Member of Corporate Assembly   Mgmt   For   For
Reelect Arthur Sletteberg as Deputy Member of Corporate Assembly   Mgmt   For   For
Elect Bassim Haj as New Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Anne-Margrethe Firing as Deputy Member of Corporate Assembly   Mgmt   For   For
Reelect Linda Litlekalsoy Aase as Deputy Member of Corporate Assembly   Mgmt   For   For
Approve Remuneration of Corporate Assembly in the Amount of NOK 107,900 for Chair, NOK 56,800 for Vice Chair, NOK 39,900 for Other Members, and NOK 5,700 per Meeting for Deputy Members   Mgmt   For   For
Reelect Olaug Svarva as Chairman of Nominating Committee   Mgmt   For   For
Reelect Tom Rathke as Member of Nominating Committee   Mgmt   For   For
Reelect Live Haukvik Aker as Member of Nominating Committee   Mgmt   For   For
Reelect Ingrid Dramdal Rasmussen as Member of Nominating Committee   Mgmt   For   For
Approve Remuneration of Members of Nominating Committee in the Amount of NOK 10,800 per Meeting for Chairman and NOK 8,000 per Meeting for Regular Members   Mgmt   For   For
Authorize Repurchase and Reissuance of Shares up to a Nominal Value of NOK 27.5 Million in Connection with Share Saving Scheme for Employees   Mgmt   For   Against
Policy Rationale: Support for this proposal is note warranted given that the repurchased shares will be issued to finance a share matching plan which does not merit approval.
Authorize Repurchase of Shares up to a Nominal Value of NOK 187.5 Million and Cancellation of Repurchased Shares   Mgmt   For   For

Time Warner Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TWX    15-May-12    USA    887317303    Annual    22-Mar-12

 

CUSIP: 887317303    ISIN: US8873173038    SEDOL: B63QTN2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Barksdale   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 55.8 percent of votes cast at the 2009 AGM. Although management lowered the threshold to call special meetings to 15% of shares, there are material restrictions on shareholders’ right to call special meetings. Although the board stated that some of its shareholders have indicated that they preferred a threshold between 10 percent and 25 percent, the resolution requesting a 10 percent threshold was favourably supported by the company’s shareholders. Accordingly, TDAM will oppose the elections of James L. Barksdale, Robert C. Clark, Jessica P. Einhorn and Kenneth J. Novack, as they serve on the Nominating and Governance committee of the board.
Elect Director William P. Barr   Mgmt   For   For
Elect Director Jeffrey L. Bewkes   Mgmt   For   For
Elect Director Stephen F. Bollenbach   Mgmt   For   For
Elect Director Robert C. Clark   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mathias Dopfner   Mgmt   For   For
Elect Director Jessica P. Einhorn   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Fred Hassan   Mgmt   For   For
Elect Director Kenneth J. Novack   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Paul D. Wachter   Mgmt   For   For
Elect Director Deborah C. Wright   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   SH   Against   For

Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

American International Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AIG    16-May-12    USA    026874784    Annual    21-Mar-12

 

CUSIP: 026874784    ISIN: US0268747849    SEDOL: 2027342

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert H. Benmosche   Mgmt   For   For
Elect Director W. Don Cornwell   Mgmt   For   For
Elect Director John H. Fitzpatrick   Mgmt   For   For
Elect Director Laurette T. Koellner   Mgmt   For   For
Elect Director Donald H. Layton   Mgmt   For   For
Elect Director Christopher S. Lynch   Mgmt   For   For
Elect Director Arthur C. Martinez   Mgmt   For   For
Elect Director George L. Miles, Jr.   Mgmt   For   For
Elect Director Henry S. Miller   Mgmt   For   For
Elect Director Robert S. Miller   Mgmt   For   For
Elect Director Suzanne Nora Johnson   Mgmt   For   For
Elect Director Ronald A. Rittenmeyer   Mgmt   For   For
Elect Director Douglas M. Steenland   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Berry Petroleum Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRY    16-May-12    USA    085789105    Annual    19-Mar-12

 

CUSIP: 085789105    ISIN: US0857891057    SEDOL: 2094227

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ralph B. Busch, III   Mgmt   For   For
Elect Director William E. Bush, Jr.   Mgmt   For   For
Elect Director Stephen L. Cropper   Mgmt   For   For
Elect Director J. Herbert Gaul, Jr.   Mgmt   For   For

Berry Petroleum Company

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Stephen J. Hadden   Mgmt   For   For
Elect Director Robert F. Heinemann   Mgmt   For   For
Elect Director Thomas J. Jamieson   Mgmt   For   For
Elect Director J. Frank Keller   Mgmt   For   For
Elect Director Michael S. Reddin   Mgmt   For   For
Elect Director Martin H. Young, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BG Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BG.    16-May-12    United Kingdom    G1245Z108    Annual    14-May-12

 

CUSIP: G1245Z108    ISIN: GB0008762899    SEDOL: 0876289

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Vivienne Cox as Director   Mgmt   For   For
Elect Chris Finlayson as Director   Mgmt   For   For
Elect Andrew Gould as Director   Mgmt   For   For
Re-elect Peter Backhouse as Director   Mgmt   For   For
Re-elect Fabio Barbosa as Director   Mgmt   For   For
Re-elect Sir Frank Chapman as Director   Mgmt   For   For
Re-elect Baroness Hogg as Director   Mgmt   For   For
Re-elect Dr John Hood as Director   Mgmt   For   For
Re-elect Martin Houston as Director   Mgmt   For   For
Re-elect Caio Koch-Weser as Director   Mgmt   For   For
Re-elect Sir David Manning as Director   Mgmt   For   For

BG Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Mark Seligman as Director   Mgmt   For   For
Re-elect Patrick Thomas as Director   Mgmt   For   For
Re-elect Philippe Varin as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise the Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

BMW Group Bayerische Motoren Werke AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMW    16-May-12    Germany    D12096109    Annual    24-Apr-12

 

CUSIP: D12096109    ISIN: DE0005190003    SEDOL: 5756029

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 2.32 per Preference Share and EUR 2.30 per Ordinary Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For

Halliburton Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HAL    16-May-12    USA    406216101    Annual    19-Mar-12

 

CUSIP: 406216101    ISIN: US4062161017    SEDOL: 2405302

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan M. Bennett   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. At the 2009 annual meeting, a shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support of 53.3 percent of votes cast. The company amended its bylaws to allow holders of at least 25 percent to call a special meeting. Although the bylaws were also amended to allow a single shareholder owning ten percent of the company’s common stock to call a special meeting, this fails to meet the request of the proponents. Therefore, TDAM will oppose the elections of Bennett, Carroll, Jum’ah, Martin, and Reed, who serve on the Nominating and Corporate Governance Committee.
Elect Director James R. Boyd   Mgmt   For   For
Elect Director Milton Carroll   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director Murry S. Gerber   Mgmt   For   For
Elect Director S. Malcolm Gillis   Mgmt   For   For
Elect Director Abdallah S. Jum’ah   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director David J. Lesar   Mgmt   For   For
Elect Director Robert A. Malone   Mgmt   For   For
Elect Director J. Landis Martin   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Debra L. Reed   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Magellan Health Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MGLN    16-May-12    USA    559079207    Annual    30-Mar-12

 

CUSIP: 559079207    ISIN: US5590792074    SEDOL: 2307787

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Rene Lerer   Mgmt   For   For
Elect Director Mary F. Sammons   Mgmt   For   For
Elect Director Eran Broshy   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Primerica Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRI    16-May-12    USA    74164M108    Annual    19-Mar-12

 

CUSIP: 74164M108    ISIN: US74164M1080    SEDOL: B50K3X8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director D. Richard Williams   Mgmt   For   For
Elect Director Barbara A. Yastine   Mgmt   For   For
Elect Director Daniel A. Zilberman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ProAssurance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRA    16-May-12    USA    74267C106    Annual    23-Mar-12

 

CUSIP: 74267C106    ISIN: US74267C1062    SEDOL: 2612737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M. James Gorrie   Mgmt   For   For
Elect Director Anthony R. Tersigni   Mgmt   For   For

ProAssurance Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frank A. Spinosa   Mgmt   For   For
Elect Director Thomas A.S. Wilson Jr.   Mgmt   For   For
Elect Director John J. McMahon Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Qlik Technologies Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
QLIK    16-May-12    USA    74733T105    Annual    22-Mar-12

 

CUSIP: 74733T105    ISIN: US74733T1051    SEDOL: B3WPL22

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deborah C. Hopkins   Mgmt   For   For
Elect Director Paul Wahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Silicon Image, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SIMG    16-May-12    USA    82705T102    Annual    23-Mar-12

 

CUSIP: 82705T102    ISIN: US82705T1025    SEDOL: 2497581

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Hanelt   Mgmt   For   For
Elect Director William George   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

Silicon Image, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Thomson Reuters Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TRI    16-May-12    Canada    884903105    Annual    23-Mar-12

 

CUSIP: 884903105    ISIN: CA8849031056    SEDOL: 2889371

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Thomson   Mgmt   For   For
Elect Director W. Geoffrey Beattie   Mgmt   For   For
Elect Director James C. Smith   Mgmt   For   For
Elect Director Manvinder S. Banga   Mgmt   For   For
Elect Director Mary Cirillo   Mgmt   For   For
Elect Director Steven A. Denning   Mgmt   For   For
Elect Director Lawton W. Fitt   Mgmt   For   For
Elect Director Roger L. Martin   Mgmt   For   For
Elect Director Sir Deryck Maughan   Mgmt   For   For
Elect Director Ken Olisa   Mgmt   For   For
Elect Director Vance K. Opperman   Mgmt   For   For
Elect Director John M. Thompson   Mgmt   For   For
Elect Director Peter J. Thomson   Mgmt   For   For
Elect Director Wulf von Schimmelmann   Mgmt   For   For
Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration   Mgmt   For   For
Advisory Vote on Executive Compensation Approach   Mgmt   For   For
Voter Rationale: No significant compensation issues are identified at this time.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Acacia Research Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ACTG    17-May-12    USA    003881307    Annual    23-Mar-12

 

CUSIP: 003881307    ISIN: US0038813079    SEDOL: 2169589

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul R. Ryan   Mgmt   For   For
Elect Director G. Louis Graziadio, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options.

Credit Acceptance Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CACC    17-May-12    USA    225310101    Annual    22-Mar-12

 

CUSIP: 225310101    ISIN: US2253101016    SEDOL: 2232050

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Donald A. Foss   Mgmt   For   For
Elect Director Glenda J. Flanagan   Mgmt   For   For
Elect Director Brett A. Roberts   Mgmt   For   For
Elect Director Thomas N. Tryforos   Mgmt   For   For
Elect Director Scott J. Vassalluzzo   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Geron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GERN    17-May-12    USA    374163103    Annual    20-Mar-12

 

CUSIP: 374163103    ISIN: US3741631036    SEDOL: 2370381

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas Hofstaetter   Mgmt   For   For
Elect Director John A. Scarlett   Mgmt   For   For
Elect Director Robert J. Spiegel   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Horsehead Holding Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ZINC    17-May-12    USA    440694305    Annual    30-Mar-12

 

CUSIP: 440694305    ISIN: US4406943054    SEDOL: B23XLC8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director T. Grant John   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For

Intel Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INTC    17-May-12    USA    458140100    Annual    19-Mar-12

 

CUSIP: 458140100    ISIN: US4581401001    SEDOL: 2463247

Intel Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charlene Barshefsky   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Susan L. Decker   Mgmt   For   For
Elect Director John J. Donahoe   Mgmt   For   For
Elect Director Reed E. Hundt   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director James D. Plummer   Mgmt   For   For
Elect Director David S. Pottruck   Mgmt   For   For
Elect Director Frank D. Yeary   Mgmt   For   For
Elect Director David B. Yoffie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

John Bean Technologies Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
JBT    17-May-12    USA    477839104    Annual    20-Mar-12

 

CUSIP: 477839104    ISIN: US4778391049    SEDOL: B3BRJZ8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Maury Devine   Mgmt   For   For
Elect Director James M. Ringler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Kilroy Realty Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KRC    17-May-12    USA    49427F108    Annual    16-Mar-12

 

CUSIP: 49427F108    ISIN: US49427F1084    SEDOL: 2495529

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John B. Kilroy, Sr.   Mgmt   For   For
Elect Director John B. Kilroy, Jr.   Mgmt   For   For
Elect Director Edward F. Brennan   Mgmt   For   For
Elect Director William P. Dickey   Mgmt   For   For
Elect Director Scott S. Ingraham   Mgmt   For   For
Elect Director Dale F. Kinsella   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, executive compensation is unrelated to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Lloyds Banking Group plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
N/A    17-May-12    United Kingdom    G5533W248    Annual    15-May-12

 

CUSIP: G5542W106    ISIN: GB0008706128    SEDOL: 0870612

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect George Culmer as Director   Mgmt   For   For
Elect Sara Weller as Director   Mgmt   For   For
Re-elect Sir Winfried Bischoff as Director   Mgmt   For   For
Re-elect Anita Frew as Director   Mgmt   For   For
Re-elect Antonio Horta-Osorio as Director   Mgmt   For   For
Re-elect David Roberts as Director   Mgmt   For   For
Re-elect Timothy Ryan as Director   Mgmt   For   For

Lloyds Banking Group plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Martin Scicluna as Director   Mgmt   For   For
Re-elect Anthony Watson as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Audit Committee to Fix Remuneration of Auditors   Mgmt   For   For
Approve Share Incentive Plan   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise Market Purchase of Preference Shares   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

MannKind Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MNKD    17-May-12    USA    56400P201    Annual    19-Mar-12

 

CUSIP: 56400P201    ISIN: US56400P2011    SEDOL: B010TR8

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alfred E. Mann   Mgmt   For   For
Elect Director Hakan S. Edstrom   Mgmt   For   For
Elect Director Abraham E. Cohen   Mgmt   For   For
Elect Director Ronald Consiglio   Mgmt   For   For
Elect Director Michael Friedman   Mgmt   For   For
Elect Director Kent Kresa   Mgmt   For   For
Elect Director David H. MacCallum   Mgmt   For   For
Elect Director Henry L. Nordhoff   Mgmt   For   For
Elect Director James S. Shannon   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

MannKind Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. TDAM generally opposes the grant of options or the implementation of stock option plans where the exercise price is less than 100% of the fair market value at the date of grant. TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Meadowbrook Insurance Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MIG    17-May-12    USA    58319P108    Annual    21-Mar-12

 

CUSIP: 58319P108    ISIN: US58319P1084    SEDOL: 2574945

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert S. Cubbin   Mgmt   For   For
Elect Director Robert F. Fix   Mgmt   For   For
Elect Director Hugh W. Greenberg   Mgmt   For   For
Elect Director Florine Mark   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Prudential plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PRU    17-May-12    United Kingdom    G72899100    Annual    15-May-12

 

CUSIP: G72899100    ISIN: GB0007099541    SEDOL: 0709954

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For

Prudential plc

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Remuneration Report   Mgmt   For   Against
Policy Rationale: TDAM opposes this item because significant basic salary increases for Executive Directors have been implemented for 2012, and the maximum potential bonus and long-term incentive awards were also increased for 2012. In addition, the Remuneration Committee moved the goalposts of one Executive Director’s long-term incentives two years into a three-year performance period by applying changes to its performance criteria retrospectively, which resulted in the vesting of a high proportion of those awards.
Approve Final Dividend   Mgmt   For   For
Elect Alexander Johnston as Director   Mgmt   For   For
Elect Kaikhushru Nargolwala as Director   Mgmt   For   For
Re-elect Keki Dadiseth as Director   Mgmt   For   For
Re-elect Sir Howard Davies as Director   Mgmt   For   For
Re-elect Robert Devey as Director   Mgmt   For   For
Re-elect John Foley as Director   Mgmt   For   For
Re-elect Michael Garrett as Director   Mgmt   For   For
Re-elect Ann Godbehere as Director   Mgmt   For   For
Re-elect Paul Manduca as Director   Mgmt   For   For
Re-elect Harvey McGrath as Director   Mgmt   For   For
Re-elect Michael McLintock as Director   Mgmt   For   For
Re-elect Nicolaos Nicandrou as Director   Mgmt   For   For
Re-elect Barry Stowe as Director   Mgmt   For   For
Re-elect Tidjane Thiam as Director   Mgmt   For   For
Re-elect Lord Turnbull as Director   Mgmt   For   For
Re-elect Michael Wells as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Approve International Savings-Related Share Option Scheme for Non-Employees 2012   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Republic Services, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RSG    17-May-12    USA    760759100    Annual    20-Mar-12

 

CUSIP: 760759100    ISIN: US7607591002    SEDOL: 2262530

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James W. Crownover   Mgmt   For   For
Elect Director William J. Flynn   Mgmt   For   For
Elect Director Michael Larson   Mgmt   For   For
Elect Director Nolan Lehmann   Mgmt   For   For
Elect Director W. Lee Nutter   Mgmt   For   For
Elect Director Ramon A. Rodriguez   Mgmt   For   For
Elect Director Donald W. Slager   Mgmt   For   For
Elect Director Allan C. Sorensen   Mgmt   For   For
Elect Director John M. Trani   Mgmt   For   For
Elect Director Michael W. Wickham   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt a Policy in which the Company will not Make or Promise to Make Any Death Benefit Payments to Senior Executives   SH   Against   For
Policy Rationale: TDAM supports shareholder proposals requesting submission of golden coffins to a shareholder vote.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Simon Property Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SPG    17-May-12    USA    828806109    Annual    19-Mar-12

 

CUSIP: 828806109    ISIN: US8288061091    SEDOL: 2812452

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Melvyn E. Bergstein   Mgmt   For   For

Simon Property Group, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry C. Glasscock   Mgmt   For   For
Elect Director Karen N. Horn   Mgmt   For   For
Elect Director Allan Hubbard   Mgmt   For   For
Elect Director Reuben S. Leibowitz   Mgmt   For   For
Elect Director Daniel C. Smith   Mgmt   For   For
Elect Director J. Albert Smith, Jr.   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: In line with ISS reasoning, a pay-for-performance disconnect is noted as the CEO’s $120 million retention award granted in 2011 was not related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

The Charles Schwab Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SCHW    17-May-12    USA    808513105    Annual    19-Mar-12

 

CUSIP: 808513105    ISIN: US8085131055    SEDOL: 2779397

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nancy H. Bechtle   Mgmt   For   For
Elect Director Walter W. Bettinger, II   Mgmt   For   For
Elect Director C. Preston Butcher   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.

The Charles Schwab Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Proxy Access Right   SH   Against   Against
Policy Rationale: TDAM support for this item is not warranted.

Bruker Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BRKR    18-May-12    USA    116794108    Annual    30-Mar-12

 

CUSIP: 116794108    ISIN: US1167941087    SEDOL: 2616137

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard D. Kniss   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Joerg C. Laukien   Mgmt   For   For
Elect Director William A. Linton   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Elect Director Chris Van Ingen   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Rockwood Holdings, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ROC    18-May-12    USA    774415103    Annual    21-Mar-12

 

CUSIP: 774415103    ISIN: US7744151033    SEDOL: B0GWF93

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nance K. Dicciani   Mgmt   For   For
Elect Director J. Kent Masters   Mgmt   For   For

Rockwood Holdings, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Seattle Genetics, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGEN    18-May-12    USA    812578102    Annual    23-Mar-12

 

CUSIP: 812578102    ISIN: US8125781026    SEDOL: 2738127

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Clay B. Siegall   Mgmt   For   For
Elect Director Felix Baker   Mgmt   For   For
Elect Director Nancy A. Simonian   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKT    18-May-12    USA    875465106    Annual    21-Mar-12

 

CUSIP: 875465106    ISIN: US8754651060    SEDOL: 2874582

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jack Africk   Mgmt   For   For
Elect Director Steven B. Tanger   Mgmt   For   For
Elect Director William G. Benton   Mgmt   For   For
Elect Director Bridget Ryan Berman   Mgmt   For   For
Elect Director Donald G. Drapkin   Mgmt   For   For
Elect Director Thomas J. Reddin   Mgmt   For   For
Elect Director Thomas E. Robinson   Mgmt   For   For

Tanger Factory Outlet Centers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Allan L. Schuman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Adopt Majority Voting for Uncontested Election of Directors   Mgmt   For   For
Policy Rationale: A majority-vote standard transforms the director election process from a symbolic gesture to a meaningful voice for shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Dillard’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DDS    19-May-12    USA    254067101    Annual    26-Mar-12

 

CUSIP: 254067101    ISIN: US2540671011    SEDOL: 2269768

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director R. Brad Martin   Mgmt   For   For
Elect Director Frank R. Mori   Mgmt   For   For
Elect Director J.C. Watts, Jr.   Mgmt   For   For
Elect Director Nick White   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NUS    21-May-12    USA    67018T105    Annual    05-Apr-12

 

CUSIP: 67018T105    ISIN: US67018T1051    SEDOL: 2616870

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nevin N. Andersen   Mgmt   For   For
Elect Director Daniel W. Campbell   Mgmt   For   For
Elect Director M. Truman Hunt   Mgmt   For   For
Elect Director Andrew D. Lipman   Mgmt   For   For

Nu Skin Enterprises, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven J. Lund   Mgmt   For   For
Elect Director Patricia A. Negron   Mgmt   For   For
Elect Director Neil H. Offen   Mgmt   For   For
Elect Director Thomas R. Pisano   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Onyx Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ONXX    21-May-12    USA    683399109    Annual    22-Mar-12

 

CUSIP: 683399109    ISIN: US6833991093    SEDOL: 2656069

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul Goddard   Mgmt   For   For
Elect Director Antonio J. Grillo-Lopez   Mgmt   For   For
Elect Director Wendell Wierenga   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

ViroPharma Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VPHM    21-May-12    USA    928241108    Annual    02-Apr-12

 

CUSIP: 928241108    ISIN: US9282411084    SEDOL: 2945660

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Michael R. Dougherty   Mgmt   For   For

ViroPharma Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert J. Glaser   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Cymer, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CYMI    22-May-12    USA    232572107    Annual    26-Mar-12

 

CUSIP: 232572107    ISIN: US2325721072    SEDOL: 2192284

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles J. Abbe   Mgmt   For   For
Elect Director Robert P. Akins   Mgmt   For   For
Elect Director Edward H. Braun   Mgmt   For   For
Elect Director Michael R. Gaulke   Mgmt   For   For
Elect Director William G. Oldham   Mgmt   For   For
Elect Director Eric M. Ruttenberg   Mgmt   For   For
Elect Director Peter J. Simone   Mgmt   For   For
Elect Director Young K. Sohn   Mgmt   For   For
Elect Director Jon D. Tompkins   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Other Business   Mgmt   For   Abstain
Policy Rationale: TDAM abstains from voting on proposals related to other business.

Genesee & Wyoming Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GWR    22-May-12    USA    371559105    Annual    02-Apr-12

 

CUSIP: 371559105    ISIN: US3715591059    SEDOL: 2374060

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard H. Allert   Mgmt   For   For
Elect Director Michael Norkus   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Merck & Co., Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MRK    22-May-12    USA    58933Y105    Annual    23-Mar-12

 

CUSIP: 58933Y105    ISIN: US58933Y1055    SEDOL: 2778844

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Leslie A. Brun   Mgmt   For   For
Elect Director Thomas R. Cech   Mgmt   For   For
Elect Director Kenneth C. Frazier   Mgmt   For   For
Elect Director Thomas H. Glocer   Mgmt   For   For
Elect Director William B. Harrison Jr.   Mgmt   For   For
Elect Director C. Robert Kidder   Mgmt   For   For
Elect Director Rochelle B. Lazarus   Mgmt   For   For
Elect Director Carlos E. Represas   Mgmt   For   For
Elect Director Patricia F. Russo   Mgmt   For   For
Elect Director Craig B. Thompson   Mgmt   For   For
Elect Director Wendell P. Weeks   Mgmt   For   For
Elect Director Peter C. Wendell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Merck & Co., Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favour of this proposal.
Amend Bylaws - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Report on Charitable and Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith. This proposal does not provide shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

MFA Financial, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MFA    22-May-12    USA    55272X102    Annual    26-Mar-12

 

CUSIP: 55272X102    ISIN: US55272X1028    SEDOL: 2418162

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael L. Dahir   Mgmt   For   For
Elect Director Robin Josephs   Mgmt   For   For
Elect Director George H. Krauss   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Navigant Consulting, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NCI    22-May-12    USA    63935N107    Annual    26-Mar-12

 

CUSIP: 63935N107    ISIN: US63935N1072    SEDOL: 2564797

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas A. Gildehaus   Mgmt   For   For

Navigant Consulting, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Cynthia A. Glassman   Mgmt   For   For
Elect Director Peter B. Pond   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Approve Omnibus Stock Plan   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: As per ISS’s reasoning, the board of directors has shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ODFL    22-May-12    USA    679580100    Annual    16-Mar-12

 

CUSIP: 679580100    ISIN: US6795801009    SEDOL: 2656423

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Earl E. Congdon   Mgmt   For   For
Elect Director David S. Congdon   Mgmt   For   For
Elect Director John R. Congdon   Mgmt   For   For
Elect Director J. Paul Breitbach   Mgmt   For   For
Elect Director John R. Congdon, Jr.   Mgmt   For   For
Elect Director Robert G. Culp, III   Mgmt   For   For
Elect Director John D. Kasarda   Mgmt   For   For
Elect Director Leo H. Suggs   Mgmt   For   For
Elect Director D. Michael Wray   Mgmt   For   For

Old Dominion Freight Line, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: The board of directors have shown good stewardship of investor’s interests regarding executive compensation practices. No pay-for-performance disconnect identified.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Omnicell, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OMCL    22-May-12    USA    68213N109    Annual    29-Mar-12

 

CUSIP: 68213N109    ISIN: US68213N1090    SEDOL: 2789523

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Randall A. Lipps   Mgmt   For   For
Elect Director Joseph E. Whitters   Mgmt   For   For
Elect Director Vance B. Moore   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Royal Dutch Shell plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RDSB    22-May-12    United Kingdom    G7690A118    Annual    18-May-12

 

CUSIP: G7690A118    ISIN: GB00B03MM408    SEDOL: B03MM40

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Elect Sir Nigel Sheinwald as Director   Mgmt   For   For

Royal Dutch Shell plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Josef Ackermann as Director   Mgmt   For   For
Re-elect Guy Elliott as Director   Mgmt   For   For
Re-elect Simon Henry as Director   Mgmt   For   For
Re-elect Charles Holliday as Director   Mgmt   For   For
Re-elect Gerard Kleisterlee as Director   Mgmt   For   For
Re-elect Christine Morin-Postel as Director   Mgmt   For   For
Re-elect Jorma Ollila as Director   Mgmt   For   For
Re-elect Linda Stuntz as Director   Mgmt   For   For
Re-elect Jeroen van der Veer as Director   Mgmt   For   For
Re-elect Peter Voser as Director   Mgmt   For   For
Re-elect Hans Wijers as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Authorise EU Political Donations and Expenditure   Mgmt   For   For

Societe Generale

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GLE    22-May-12    France    F43638141    Annual/Special    16-May-12

 

CUSIP: F43638141    ISIN: FR0000130809    SEDOL: 5966516

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Absence of Dividends   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Non Compete Agreement with Frederic Oudea   Mgmt   For   Against
Policy Rationale: TDAM opposes this proposal as Frédéric Oudéa is entitled to receive his indemnity compensating the non-compete agreement (duration and indemnification of which are extended to 18 months) while simultaneously receiving his indemnity compensating the loss of the additional pension scheme from which he previously benefited (a gross amount of EUR 300,000 per year).
Reelect Michel Cicurel as Director   Mgmt   For   For
Reelect Nathalie Rachou as Director   Mgmt   For   For
Elect Yann Delabriere as Director   Mgmt   For   For
Elect Thierry Martel as Director   Mgmt   For   For
Appoint Ernst and Young et Autres as Auditor   Mgmt   For   For
Renew Appointment of Deloitte et Associes as Auditor   Mgmt   For   For
Appoint Picarle et Associes as Alternate Auditor   Mgmt   For   For
Appoint Beas as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 5 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 485 Million; and/or Capitalization of Reserves of up to EUR 550 Million   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 145 Million   Mgmt   For   For
Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Approve Issuance of Securities Convertible into Debt up to an Aggregate Amount of EUR 2 Billion   Mgmt   For   For
Voter Rationale: As per the instruction of the portfolio manager, Vishal Bhatia.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis.
Approve Employee Stock Purchase Plan   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the voting power of shares available under the plan dilutes aggregate voting power by greater than 10%. In this case, potential dilution is at least 10.24%
Authorize up to 2 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   For
Amend Performance Condition for Restricted Share Plan Adopted on Novembre 2, 2010   Mgmt   For   For

Societe Generale

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For
Shareholder Proposal   Mgmt    
Adopt Two-Tiered Board Structure   SH   Against   For
Voter Rationale: In line with ISS’s reasoning, this proposal is consistent with corporate governance best practices.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Southwestern Energy Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SWN    22-May-12    USA    845467109    Annual    30-Mar-12

 

CUSIP: 845467109    ISIN: US8454671095    SEDOL: 2828619

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lewis E. Epley, Jr.   Mgmt   For   For
Elect Director Robert L. Howard   Mgmt   For   For
Elect Director Catherine A. Kehr   Mgmt   For   For
Elect Director Greg D. Kerley   Mgmt   For   For
Elect Director Harold M. Korell   Mgmt   For   For
Elect Director Vello A. Kuuskraa   Mgmt   For   For
Elect Director Kenneth R. Mourton   Mgmt   For   For
Elect Director Steven L. Mueller   Mgmt   For   For
Elect Director Charles E. Scharlau   Mgmt   For   For
Elect Director Alan H. Stevens   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation programs and policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

The Allstate Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALL    22-May-12    USA    020002101    Annual    23-Mar-12

 

CUSIP: 020002101    ISIN: US0200021014    SEDOL: 2019952

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director F. Duane Ackerman   Mgmt   For   For
Elect Director Robert D. Beyer   Mgmt   For   For
Elect Director W. James Farrell   Mgmt   For   For
Elect Director Jack M. Greenberg   Mgmt   For   For
Elect Director Ronald T. LeMay   Mgmt   For   For
Elect Director Andrea Redmond   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Elect Director John W. Rowe   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Judith A. Sprieser   Mgmt   For   For
Elect Director Mary Alice Taylor   Mgmt   For   For
Elect Director Thomas J. Wilson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with management and ISS reasoning, this proposal will increase shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Amgen Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMGN    23-May-12    USA    031162100    Annual    26-Mar-12

 

CUSIP: 031162100    ISIN: US0311621009    SEDOL: 2023607

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Baltimore   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal to give holders of 10% of outstanding common stock (or the lowest percentage allowed by law above 10%) the power to call special shareowner meetings received support from 59.5 percent of votes cast at the 2009 AGM. Following this, the board adopted an amendment to the bylaws, which also includes certain problematic clauses designed to prevent such meetings, giving the holders of 15 percent of the company’s outstanding common stock the right to call a special meeting. To date, the company has taken no further action to fully implement the majority supported resolution. Accordingly, TDAM will oppose the members of the board’s and Governance and Nominating Committee.
Elect Director Frank J. Biondi, Jr.   Mgmt   For   For
Elect Director Robert A. Bradway   Mgmt   For   For
Elect Director Francois De Carbonnel   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Vance D. Coffman   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Rebecca M. Henderson   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Frank C. Herringer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Tyler Jacks   Mgmt   For   For
Elect Director Gilbert S. Omenn   Mgmt   For   For
Elect Director Judith C. Pelham   Mgmt   For   For
Elect Director J. Paul Reason   Mgmt   For   For
Elect Director Leonard D. Schaeffer   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Act by Written Consent   Mgmt   For   For

Amgen Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this item as the board has appointed an independent lead director and has a corporate governance/nomination committee composed entirely of independent directors.
Report on Research Animal Care and Promotion of Testing Alternatives   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Limit CEO to Serving on only One Other Board   SH   Against   Against
Voter Rationale: The company’s current policy on this issue effectively addresses the shareholder’s concerns. The company’s current policy does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

AvalonBay Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AVB    23-May-12    USA    053484101    Annual    09-Mar-12

 

CUSIP: 053484101    ISIN: US0534841012    SEDOL: 2131179

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bryce Blair   Mgmt   For   For
Elect Director Alan B. Buckelew   Mgmt   For   For
Elect Director Bruce A. Choate   Mgmt   For   For
Elect Director John J. Healy, Jr.   Mgmt   For   For
Elect Director Timothy J. Naughton   Mgmt   For   For
Elect Director Lance R. Primis   Mgmt   For   For
Elect Director Peter S. Rummell   Mgmt   For   For
Elect Director H. Jay Sarles   Mgmt   For   For
Elect Director W. Edward Walter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

AvalonBay Communities, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM supports this proposal in light of the benefit to shareholders of more comprehensive disclosure of company sustainability-related metrics and goals.

BNP Paribas SA

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BNP    23-May-12    France    F1058Q238    Annual/Special    17-May-12

 

CUSIP: F1058Q238    ISIN: FR0000131104    SEDOL: 7309681

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.20 per Share   Mgmt   For   For
Approve Auditors’ Special Report on Related-Party Transactions   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Renew Appointments of Deloitte & Associes as Auditor and Beas as Alternate Auditor   Mgmt   For   For
Renew Appointments of Mazars as Auditor and Michel Barbet Massin as Alternate Auditor   Mgmt   For   For
Renew Appointment of PricewaterhouseCoopers as Auditors and Elect Anik Chaumartin as Alternate Auditor   Mgmt   For   For
Reelect Denis Kessler as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Reelect Laurence Parisot as Director   Mgmt   For   For
Reelect Michel Pebereau as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes individual non-independent nominees when the majority of the board is not independent.
Elect Pierre Andre de Chalendar as Director   Mgmt   For   For
Extraordinary Business   Mgmt    

BNP Paribas SA

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion   Mgmt   For   For
Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 350 Million   Mgmt   For   For
Authorize Capital Increase of Up to EUR 350 Million for Future Exchange Offers   Mgmt   For   For
Authorize Capital Increase of up to 10 Percent of Issued Capital for Future Acquisitions   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 14 to 16 at EUR 350 Million   Mgmt   For   For
Authorize Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value   Mgmt   For   For
Set Total Limit for Capital Increase to Result from Issuance Requests under Items 13 to 16 at EUR 1 Billion   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Kraft Foods Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
KFT    23-May-12    USA    50075N104    Annual    15-Mar-12

 

CUSIP: 50075N104    ISIN: US50075N1046    SEDOL: 2764296

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Myra M. Hart   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal asking for the ability for shareholders to act by written consent received the support of 53.1 percent of votes cast at the 2010 AGM. The board did not take action to adopt written consent and has yet to implement this resolution. Accordingly, TDAM will opose the elections of Hart, Henry, Juliber, and Boxmeer, who serve on the Nominating and Governance committee of the board.
Elect Director Peter B. Henry   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.

Kraft Foods Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lois D. Juliber   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Elect Director Mark D. Ketchum   Mgmt   For   For
Elect Director Terry J. Lundgren   Mgmt   For   For
Elect Director Mackey J. McDonald   Mgmt   For   For
Elect Director Jorge S. Mesquita   Mgmt   For   For
Elect Director John C. Pope   Mgmt   For   For
Elect Director Fredric G. Reynolds   Mgmt   For   For
Elect Director Irene B. Rosenfeld   Mgmt   For   For
Elect Director Jean-François M.L. van Boxmeer   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Change Company Name   Mgmt   For   For
Voter Rationale: This is a routine resolution which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Supply Chain and Deforestation   SH   Against   For
Voter Rationale: The company currently does not provide adequate disclosure on the impact of its soya, beef, and sugar purchasing on deforestation risk. Additional disclosure would provide shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Report on Adopting Extended Producer Responsibility Policy   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because shareholders would benefit from additional information regarding the company’s current packaging reduction and recycling initiatives.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Southern Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SO    23-May-12    USA    842587107    Annual    26-Mar-12

 

CUSIP: 842587107    ISIN: US8425871071    SEDOL: 2829601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Juanita Powell Baranco   Mgmt   For   For
Elect Director Jon A. Boscia   Mgmt   For   For
Elect Director Henry A. Clark, III   Mgmt   For   For
Elect Director Thomas A. Fanning   Mgmt   For   For
Elect Director H. William Habermeyer, Jr.   Mgmt   For   For
Elect Director Veronica M. Hagen   Mgmt   For   For
Elect Director Warren A. Hood, Jr.   Mgmt   For   For
Elect Director Donald M. James   Mgmt   For   For
Elect Director Dale E. Klein   Mgmt   For   For
Elect Director William G. Smith, Jr.   Mgmt   For   For
Elect Director Steven R. Specker   Mgmt   For   For
Elect Director Larry D. Thompson   Mgmt   For   For
Elect Director E. Jenner Wood, III   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Coal Combustion Waste Hazard and Risk Mitigation Efforts   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted in light of the benefit of increased company disclosure in enabling shareholders to assess the company’s coal combustion waste management and disposal practices, and the potential impacts of anticipated governmental regulation.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Thermo Fisher Scientific Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TMO    23-May-12    USA    883556102    Annual    26-Mar-12

 

CUSIP: 883556102    ISIN: US8835561023    SEDOL: 2886907

Thermo Fisher Scientific Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Martin Harris   Mgmt   For   For
Elect Director Judy C. Lewent   Mgmt   For   For
Elect Director Jim P. Manzi   Mgmt   For   For
Elect Director Lars R. Sorensen   Mgmt   For   For
Elect Director Elaine S. Ullian   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Westlake Chemical Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WLK    23-May-12    USA    960413102    Annual    05-Apr-12

 

CUSIP: 960413102    ISIN: US9604131022    SEDOL: B01ZP20

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James Chao   Mgmt   For   For
Elect Director H. John Riley, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Alexander’s, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ALX    24-May-12    USA    014752109    Annual    30-Mar-12

 

CUSIP: 014752109    ISIN: US0147521092    SEDOL: 2014021

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David Mandelbaum   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Arthur I. Sonnenblick   Mgmt   For   For
Elect Director Richard R. West   Mgmt   For   For

Alexander’s, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Amazon.com, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AMZN    24-May-12    USA    023135106    Annual    02-Apr-12

 

CUSIP: 023135106    ISIN: US0231351067    SEDOL: 2000019

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jeffrey P. Bezos   Mgmt   For   For
Elect Director Tom A. Alberg   Mgmt   For   For
Elect Director John Seely Brown   Mgmt   For   For
Elect Director William B. Gordon   Mgmt   For   For
Elect Director Jamie S. Gorelick   Mgmt   For   For
Elect Director Blake G. Krikorian   Mgmt   For   For
Elect Director Alain Monie   Mgmt   For   For
Elect Director Jonathan J. Rubinstein   Mgmt   For   For
Elect Director Thomas O. Ryder   Mgmt   For   For
Elect Director Patricia Q. Stonesifer   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Policy Rationale: TDAM will support this item, given that the company would be entitled to a business expense deduction due to the favorable tax treatment attributable to Section 162(m).
Report on Climate Change   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as shareholders could benefit from more detailed disclosure on the company’s overall climate change strategies and initiatives, which may add strategic and reputational value given the potential shifts in the regulatory environment, interpretive guidance from the SEC on climate change disclosure, and the trend towards corporate adoption and disclosure of climate change strategies.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Cash America International, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CSH    24-May-12    USA    14754D100    Annual    27-Mar-12

 

CUSIP: 14754D100    ISIN: US14754D1000    SEDOL: 2179425

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Daniel E. Berce   Mgmt   For   For
Elect Director Jack R. Daugherty   Mgmt   For   For
Elect Director Daniel R. Feehan   Mgmt   For   For
Elect Director Albert Goldstein   Mgmt   For   For
Elect Director James H. Graves   Mgmt   For   For
Elect Director B.d. Hunter   Mgmt   For   For
Elect Director Timothy J. McKibben   Mgmt   For   For
Elect Director Alfred M. Micallef   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

Deckers Outdoor Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DECK    24-May-12    USA    243537107    Annual    04-Apr-12

 

CUSIP: 243537107    ISIN: US2435371073    SEDOL: 2267278

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Angel R. Martinez   Mgmt   For   For
Elect Director Rex A. Licklider   Mgmt   For   For
Elect Director John M. Gibbons   Mgmt   For   For
Elect Director John G. Perenchio   Mgmt   For   For
Elect Director Maureen Conners   Mgmt   For   For
Elect Director Karyn O. Barsa   Mgmt   For   For
Elect Director Michael F. Devine, III   Mgmt   For   For
Elect Director James Quinn   Mgmt   For   For

Deckers Outdoor Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lauri Shanahan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Deltek, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PROJ    24-May-12    USA    24784L105    Annual    02-Apr-12

 

CUSIP: 24784L105    ISIN: US24784L1052    SEDOL: B28PX89

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Nanci E. Caldwell   Mgmt   For   For
Elect Director Edward R. Grubb   Mgmt   For   For
Elect Director Joseph M. Kampf   Mgmt   For   For
Elect Director Steven B. Klinsky   Mgmt   For   For
Elect Director Thomas M. Manley   Mgmt   For   For
Elect Director Albert A. Notini   Mgmt   For   For
Elect Director Kevin T. Parker   Mgmt   For   Against
Policy Rationale: TDAM opposes nominees who serve as both chairman and CEO in the absence of an independent nominating committee or independent lead director.
Elect Director Janet R. Perna   Mgmt   For   For
Elect Director Alok Singh   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Deutsche Telekom AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DTE    24-May-12    Germany    D2035M136    Annual   

 

CUSIP: D2035M136    ISIN: DE0005557508    SEDOL: 5842359

Deutsche Telekom AG

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.70 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Former Supervisory Board Member Klaus Zumwinkel for Fiscal 2008   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify PricewaterhouseCoopers AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Elect Hans Bernhard Beus to the Supervisory Board   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Dagmar Kollmann to the Supervisory Board   Mgmt   For   For
Elect Lawrence Guffey to the Supervisory Board   Mgmt   For   For
Approve Affiliation Agreements with Subsidiary Scout24 Holding GmbH   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1   Mgmt   For   For
Amend Corporate Purpose in Art. 2.1.1   Mgmt   For   For

Drew Industries Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DW    24-May-12    USA    26168L205    Annual    28-Mar-12

 

CUSIP: 26168L205    ISIN: US26168L2051    SEDOL: 2280695

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Edward W. Rose, III   Mgmt   For   For
Elect Director Leigh J. Abrams   Mgmt   For   For
Elect Director Fredric M. Zinn   Mgmt   For   For
Elect Director James F. Gero   Mgmt   For   For
Elect Director Frederick B. Hegi, Jr.   Mgmt   For   For

Drew Industries Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David A. Reed   Mgmt   For   For
Elect Director John B. Lowe, Jr.   Mgmt   For   For
Elect Director Jason D. Lippert   Mgmt   For   For
Elect Director Brendan J. Deely   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Endeavour International Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
END    24-May-12    USA    29259G200    Annual    30-Mar-12

 

CUSIP: 29259G200    ISIN: US29259G2003    SEDOL: 2955409

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Sheldon R. Erikson   Mgmt   For   For
Elect Director Nancy K. Quinn   Mgmt   For   For
Elect Director John N. Seitz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Hecla Mining Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HL    24-May-12    USA    422704106    Annual    23-Mar-12

 

CUSIP: 422704106    ISIN: US4227041062    SEDOL: 2418601

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George R. Nethercutt Jr   Mgmt   For   For
Elect Director John H. Bowles   Mgmt   For   For

Hecla Mining Company

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Non-Employee Director Restricted Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

HFF, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HF    24-May-12    USA    40418F108    Annual    13-Apr-12

 

CUSIP: 40418F108    ISIN: US40418F1084    SEDOL: B1Q1RT1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Susan P. McGalla   Mgmt   For   For
Elect Director Lenore M. Sullivan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

McDonald’s Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCD    24-May-12    USA    580135101    Annual    27-Mar-12

 

CUSIP: 580135101    ISIN: US5801351017    SEDOL: 2550707

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert A. Eckert   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director Jeanne P. Jackson   Mgmt   For   For
Elect Director Andrew J. Mckenna   Mgmt   For   For
Elect Director Donald Thompson   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

McDonald’s Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Omnibus Stock Plan   Mgmt   For   For
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Ratify Auditors   Mgmt   For   For
Report on Policy Responses to Children’s Health Concerns and Fast Food   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Mid-America Apartment Communities, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MAA    24-May-12    USA    59522J103    Annual    16-Mar-12

 

CUSIP: 59522J103    ISIN: US59522J1034    SEDOL: 2589132

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Eric Bolton, Jr.   Mgmt   For   For
Elect Director Alan B. Graf, Jr.   Mgmt   For   For
Elect Director John S. Grinalds   Mgmt   For   For
Elect Director Ralph Horn   Mgmt   For   For
Elect Director Philip W. Norwood   Mgmt   For   For
Elect Director W. Reid Sanders   Mgmt   For   For
Elect Director William B. Sansom   Mgmt   For   For
Elect Director Gary Shorb   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

National Retail Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
NNN    24-May-12    USA    637417106    Annual    26-Mar-12

 

CUSIP: 637417106    ISIN: US6374171063    SEDOL: 2211811

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Don DeFosset   Mgmt   For   For
Elect Director David M. Fick   Mgmt   For   For
Elect Director Edward J. Fritsch   Mgmt   For   For
Elect Director Kevin B. Habicht   Mgmt   For   For
Elect Director Richard B. Jennings   Mgmt   For   For
Elect Director Ted B. Lanier   Mgmt   For   For
Elect Director Robert C. Legler   Mgmt   For   For
Elect Director Craig Macnab   Mgmt   For   For
Elect Director Robert Martinez   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RRGB    24-May-12    USA    75689M101    Annual    26-Mar-12

 

CUSIP: 75689M101    ISIN: US75689M1018    SEDOL: 2966144

 

  Proponent   Mgmt Rec   Vote Instruction
Declassify the Board of Directors   Mgmt   For   For
Policy Rationale: The annual election of directors is generally supported. Classified Boards are typically opposed.
Elect Director Robert B. Aiken   Mgmt   For   For
Elect Director Richard J. Howell   Mgmt   For   For
Elect Director James T. Rothe   Mgmt   For   For
Elect Director J. Taylor Simonton   Mgmt   For   For

Red Robin Gourmet Burgers, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

The Goldman Sachs Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GS    24-May-12    USA    38141G104    Annual    26-Mar-12

 

CUSIP: 38141G104    ISIN: US38141G1040    SEDOL: 2407966

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Lloyd C. Blankfein   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director Gary D. Cohn   Mgmt   For   For
Elect Director Claes Dahlback   Mgmt   For   For
Elect Director Stephen Friedman   Mgmt   For   For
Elect Director William W. George   Mgmt   For   For
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Lakshmi N. Mittal   Mgmt   For   For
Elect Director James J. Schiro   Mgmt   For   For
Elect Director Debora L. Spar   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share retention and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Lobbying Payments and Policy   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

Washington Real Estate Investment Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WRE    24-May-12    USA    939653101    Annual    15-Mar-12

 

CUSIP: 939653101    ISIN: US9396531017    SEDOL: 2942304

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Charles T. Nason   Mgmt   For   For
Elect Director Thomas Edgie Russell, III   Mgmt   For   For
Elect Director Anthony L. Winns   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Xerox Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XRX    24-May-12    USA    984121103    Annual    26-Mar-12

 

CUSIP: 984121103    ISIN: US9841211033    SEDOL: 2985202

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Glenn A. Britt   Mgmt   For   For
Elect Director Ursula M. Burns   Mgmt   For   For
Elect Director Richard J. Harrington   Mgmt   For   For
Elect Director William Curt Hunter   Mgmt   For   For
Elect Director Robert J. Keegan   Mgmt   For   For
Elect Director Robert A. McDonald   Mgmt   For   For
Elect Director Charles Prince   Mgmt   For   For
Elect Director Ann N. Reese   Mgmt   For   For
Elect Director Sara Martinez Tucker   Mgmt   For   For
Elect Director Mary Agnes Wilderotter   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For

HSBC Holdings plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HSBA    25-May-12    United Kingdom    G4634U169    Annual    24-May-12

 

CUSIP: G4634U169    ISIN: GB0005405286    SEDOL: 0540528

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Re-elect Safra Catz as Director   Mgmt   For   For
Re-elect Laura Cha as Director   Mgmt   For   For
Re-elect Marvin Cheung as Director   Mgmt   For   For
Re-elect John Coombe as Director   Mgmt   For   For
Elect Joachim Faber as Director   Mgmt   For   For
Re-elect Rona Fairhead as Director   Mgmt   For   For
Re-elect Douglas Flint as Director   Mgmt   For   For
Re-elect Alexander Flockhart as Director   Mgmt   For   For
Re-elect Stuart Gulliver as Director   Mgmt   For   For
Re-elect James Hughes-Hallett as Director   Mgmt   For   For
Re-elect William Laidlaw as Director   Mgmt   For   For
Elect John Lipsky as Director   Mgmt   For   For
Re-elect Janis Lomax as Director   Mgmt   For   For
Re-elect Iain Mackay as Director   Mgmt   For   For
Re-elect Nagavara Murthy as Director   Mgmt   For   For
Re-elect Sir Simon Robertson as Director   Mgmt   For   For
Re-elect John Thornton as Director   Mgmt   For   For
Reappoint KPMG Audit plc as Auditors and Authorise Their Remuneration   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase   Mgmt   For   For
Approve Scrip Dividend Program   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

Watsco, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WSO    25-May-12    USA    942622200    Annual    05-Apr-12

 

CUSIP: 942622200    ISIN: US9426222009    SEDOL: 2943039

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Barry S. Logan   Mgmt   For   For
Elect Director Aaron J. Nahmad   Mgmt   For   For
Amend Articles of Incorporation Changing the Director Class from A, B and C to I, II and III   Mgmt   For   For
Voter Rationale: This is an administrative matter which does not raise an issue of principle with respect to corporate governance.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Silgan Holdings Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLGN    29-May-12    USA    827048109    Annual    13-Apr-12

 

CUSIP: 827048109    ISIN: US8270481091    SEDOL: 2809324

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Anthony J. Allott   Mgmt   For   For
Elect Director Jeffrey C. Crowe   Mgmt   For   For
Elect Director Edward A. Lapekas   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

BioMed Realty Trust, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
BMR    30-May-12    USA    09063H107    Annual    13-Mar-12

 

CUSIP: 09063H107    ISIN: US09063H1077    SEDOL: B02GMQ5

BioMed Realty Trust, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Alan D. Gold   Mgmt   For   For
Elect Director Barbara R. Cambon   Mgmt   For   For
Elect Director Edward A. Dennis   Mgmt   For   For
Elect Director Richard I. Gilchrist   Mgmt   For   For
Elect Director Gary A. Kreitzer   Mgmt   For   For
Elect Director Theodore D. Roth   Mgmt   For   For
Elect Director M. Faye Wilson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CVX    30-May-12    USA    166764100    Annual    04-Apr-12

 

CUSIP: 166764100    ISIN: US1667641005    SEDOL: 2838555

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Linnet F. Deily   Mgmt   For   For
Elect Director Robert E. Denham   Mgmt   For   For
Elect Director Chuck Hagel   Mgmt   For   For
Elect Director Enrique Hernandez, Jr.   Mgmt   For   For
Elect Director George L. Kirkland   Mgmt   For   For
Elect Director Charles W. Moorman, IV   Mgmt   For   For
Elect Director Kevin W. Sharer   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Ronald D. Sugar   Mgmt   For   For
Elect Director Carl Ware   Mgmt   For   For
Elect Director John S. Watson   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Chevron Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Remove Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the removal of the exclusive venue provision will increase shareholder rights.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Adopt Guidelines for Country Selection   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as Chevron does not disclose policies governing its decision-making process to invest or operate in politically or socially unstable markets, and the company has business ties to countries with histories of political instability and human rights issues.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Accident Risk Reduction Efforts   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend Articles/Bylaws/Charter - Call Special Meetings   SH   Against   For
Policy Rationale: TDAM supports this proposal because the right to call special meetings would enhance shareholders’ ability to act on important matters that arise between annual meetings.
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Compass Diversified Holdings

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CODI    30-May-12    USA    20451Q104    Annual    12-Apr-12

 

CUSIP: 20451Q104    ISIN: US20451Q1040    SEDOL: B14TC70

Compass Diversified Holdings

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C. Sean Day   Mgmt   For   For
Elect Director D. Eugene Ewing   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Exxon Mobil Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
XOM    30-May-12    USA    30231G102    Annual    04-Apr-12

 

CUSIP: 30231G102    ISIN: US30231G1022    SEDOL: 2326618

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director M.J. Boskin   Mgmt   For   For
Elect Director P. Brabeck-Letmathe   Mgmt   For   For
Elect Director L.R. Faulkner   Mgmt   For   For
Elect Director J.S. Fishman   Mgmt   For   For
Elect Director H.H. Fore   Mgmt   For   For
Elect Director K.C. Frazier   Mgmt   For   For
Elect Director W.W. George   Mgmt   For   For
Elect Director S.J. Palmisano   Mgmt   For   For
Elect Director S.S. Reinemund   Mgmt   For   For
Elect Director R.W. Tillerson   Mgmt   For   For
Elect Director E.E. Whitacre, Jr.   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS’s reasoning, as incentives are not adequately linked to performance criteria and compensation policy disclosure lacks pertinent details for shareholders to make an informed decision.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.

Exxon Mobil Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Amend EEO Policy to Prohibit Discrimination based on Sexual Orientation and Gender Identity   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Report on Hydraulic Fracturing Risks to Company   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: Issues not addressed are evaluated by TDAM on a case-by-case basis.
Adopt Quantitative GHG Goals for Products and Operations   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted as ExxonMobil does not provide comprehensive goals for its operational GHG emissions or metrics and/or goals for its products. There is potential strategic and reputational value in performing the requested assessments and establishing appropriate GHG reduction goals given the increasing trend towards enhanced and publicly available corporate climate change strategies.

Incyte Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INCY    30-May-12    USA    45337C102    Annual    10-Apr-12

 

CUSIP: 45337C102    ISIN: US45337C1027    SEDOL: 2471950

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard U. De Schutter   Mgmt   For   For
Elect Director Barry M. Ariko   Mgmt   For   For
Elect Director Julian C. Baker   Mgmt   For   For
Elect Director Paul A. Brooke   Mgmt   For   For
Elect Director Wendy L. Dixon   Mgmt   For   For
Elect Director Paul A. Friedman   Mgmt   For   For
Elect Director Roy A. Whitfield   Mgmt   For   For

Incyte Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Mentor Graphics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MENT    30-May-12    USA    587200106    Annual    09-Apr-12

 

CUSIP: 587200106    ISIN: US5872001061    SEDOL: 2578033

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Keith L. Barnes   Mgmt   For   For
Elect Director Peter L. Bonfield   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Gregory K. Hinckley   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director J. Daniel McCranie   Mgmt   For   For
Elect Director Kevin C. McDonough   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Patrick B. McManus   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director Walden C. Rhines   Mgmt   For   Withhold
Policy Rationale: TDAM opposes boards (or specific nominees where applicable) if they are found to have adopted an excessive number of defensive measures designed to entrench management.
Elect Director David S. Schechter   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For

Mentor Graphics Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For

Post Properties, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PPS    30-May-12    USA    737464107    Annual    28-Mar-12

 

CUSIP: 737464107    ISIN: US7374641071    SEDOL: 2705262

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert C. Goddard, III   Mgmt   For   For
Elect Director David P. Stockert   Mgmt   For   For
Elect Director Herschel M. Bloom   Mgmt   For   For
Elect Director Walter M. Deriso, Jr.   Mgmt   For   For
Elect Director Russell R. French   Mgmt   For   For
Elect Director Dale Anne Reiss   Mgmt   For   For
Elect Director Stella F. Thayer   Mgmt   For   For
Elect Director Ronald de Waal   Mgmt   For   For
Elect Director Donald C. Wood   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Riverbed Technology, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
RVBD    30-May-12    USA    768573107    Annual    02-Apr-12

 

CUSIP: 768573107    ISIN: US7685731074    SEDOL: B1FH886

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael Boustridge   Mgmt   For   For
Elect Director Jerry M. Kennelly   Mgmt   For   For

Riverbed Technology, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Saks Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SKS    30-May-12    USA    79377W108    Annual    03-Apr-12

 

CUSIP: 79377W108    ISIN: US79377W1080    SEDOL: 2704786

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert B. Carter   Mgmt   For   For
Elect Director Michael S. Gross   Mgmt   For   For
Elect Director Donald E. Hess   Mgmt   For   For
Elect Director Marguerite W. Kondracke   Mgmt   For   For
Elect Director Jerry W. Levin   Mgmt   For   For
Elect Director Nora P. McAniff   Mgmt   For   For
Elect Director Stephen I. Sadove   Mgmt   For   For
Elect Director Jack L. Stahl   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative Voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.

Comcast Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CMCSA    31-May-12    USA    20030N101    Annual    22-Mar-12

 

CUSIP: 20030N101    ISIN: US20030N1019    SEDOL: 2044545

Comcast Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth J. Bacon   Mgmt   For   For
Elect Director Sheldon M. Bonovitz   Mgmt   For   For
Elect Director Joseph J. Collins   Mgmt   For   For
Elect Director J. Michael Cook   Mgmt   For   For
Elect Director Gerald L. Hassell   Mgmt   For   For
Elect Director Jeffrey A. Honickman   Mgmt   For   For
Elect Director Eduardo G. Mestre   Mgmt   For   For
Elect Director Brian L. Roberts   Mgmt   For   For
Elect Director Ralph J. Roberts   Mgmt   For   For
Elect Director Johnathan A. Rodgers   Mgmt   For   For
Elect Director Judith Rodin   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Qualified Employee Stock Purchase Plan   Mgmt   For   For
Amend Nonqualified Employee Stock Purchase Plan   Mgmt   For   For
Restore or Provide for Cumulative Voting   SH   Against   Against
Policy Rationale: Cumulative voting which allows all votes to be cast for a single candidate or for any two or more of them should generally be opposed.
Require Independent Board Chairman   SH   Against   Against
Policy Rationale: TDAM will support management on this proposal as the board has a corporate governance and/or a nomination committee composed entirely of independent directors and has appointed an independent lead director.
Stock Retention/Holding Period   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current share ownership and executive compensation policies effectively align executive performance with long-term shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Submit Shareholder Rights Plan (Poison Pill) to Shareholder Vote   SH   Against   For
Policy Rationale: TDAM supports this proposal because shareholders should have the right to opine on and/or remove the company’s poison pill and approve any future pill.

Deutsche Bank AG

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DBK    31-May-12    Germany    D18190898    Annual   

 

CUSIP: D18190898    ISIN: DE0005140008    SEDOL: 5750355

 

  Proponent   Mgmt Rec   Vote Instruction
Receive Financial Statements and Statutory Reports for Fiscal 2011 (Non-Voting)   Mgmt    
Approve Allocation of Income and Dividends of EUR 0.75 per Share   Mgmt   For   For
Approve Discharge of Management Board for Fiscal 2011   Mgmt   For   For
Approve Discharge of Supervisory Board for Fiscal 2011   Mgmt   For   For
Ratify KPMG AG as Auditors for Fiscal 2012   Mgmt   For   For
Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Use of Financial Derivatives when Repurchasing Shares   Mgmt   For   For
Approve Remuneration System for Management Board Members   Mgmt   For   For
Elect Paul Achleitner to the Supervisory Board   Mgmt   For   For
Elect Peter Loescher to the Supervisory Board   Mgmt   For   For
Elect Klaus Ruediger Truetzschler to the Supervisory Board   Mgmt   For   For
Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds with Partial Exclusion of Preemptive Rights up to Aggregate Nominal Amount of EUR 9 Billion; Approve Creation of EUR 230.4 Million Pool of Capital to Guarantee Conversion Rights   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal TDAM will evaluate this item on a case-by-case basis

Healthways, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
HWAY    31-May-12    USA    422245100    Annual    04-Apr-12

 

CUSIP: 422245100    ISIN: US4222451001    SEDOL: 2026059

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kevin G. Wills   Mgmt   For   For

Healthways, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jay C. Bisgard   Mgmt   For   For
Elect Director Mary Jane England   Mgmt   For   For
Elect Director John A. Wickens   Mgmt   For   For
Elect Director William D. Novelli   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. Executive compensation is related to performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.

Molycorp Inc (DE)

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MCP    31-May-12    USA    608753109    Annual    03-Apr-12

 

CUSIP: 608753109    ISIN: US6087531090    SEDOL: B458HM7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Brian T. Dolan   Mgmt   For   For
Elect Director John Graell   Mgmt   For   For
Elect Director Mark A. Smith   Mgmt   For   For
Approve Qualified Employee Stock Purchase Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ulta Salon, Cosmetics & Fragrance, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ULTA    31-May-12    USA    90384S303    Annual    02-Apr-12

 

CUSIP: 90384S303    ISIN: US90384S3031    SEDOL: B28TS42

Ulta Salon, Cosmetics & Fragrance, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert F. DiRomualdo   Mgmt   For   For
Elect Director Catherine A. Halligan   Mgmt   For   For
Elect Director Lorna E. Nagler   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

United Online, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNTD    31-May-12    USA    911268100    Annual    04-Apr-12

 

CUSIP: 911268100    ISIN: US9112681005    SEDOL: 2801126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James T. Armstrong   Mgmt   For   For
Elect Director Dennis Holt   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. No pay-for-performance disconnected noted.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Titan Machinery Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TITN    01-Jun-12    USA    88830R101    Annual    06-Apr-12

 

CUSIP: 88830R101    ISIN: US88830R1014    SEDOL: B29H3T5

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Peter Christianson   Mgmt   For   For
Elect Director James Williams   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Titan Machinery Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Increase Authorized Common Stock   Mgmt   For   For

Vulcan Materials Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
VMC    01-Jun-12    USA    929160109    Proxy Contest    20-Apr-12

 

CUSIP: 929160109    ISIN: US9291601097    SEDOL: 2931205

 

  Proponent   Mgmt Rec   Vote Instruction
Management Proxy (White Card)   Mgmt    
Elect Director Phillip W. Farmer   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders. A shareholder proposal requesting the declassification of the board received the support of 65 percent of votes cast at the previous AGM. To date, the board has not implemented the majority supported resolution. Consequently, TDAM would normally oppose the elections of Farmer, Korologos, Prokopanko, and Rice, as they serve on the Governance committee of the board. However, given the classified board structure, only two of these directors are proposed for election at this year’s annual meeting.
Elect Director H. Allen Franklin   Mgmt   For   For
Elect Director Richard T. O’Brien   Mgmt   For   For
Elect Director Donald B. Rice   Mgmt   For   Withhold
Policy Rationale: TDAM opposes nominees if they failed to implement the resolution of a shareholder which received a favorable vote from the majority of shareholders.
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Declassify the Board of Directors   SH   Against   For
Policy Rationale: The annual election of directors is generally supported.
Reduce Supermajority Vote Requirement   SH   Against   For
Policy Rationale: TDAM will generally oppose resolutions where management seeks to increase the number of votes required on an issue above the level provided for in local law. Therefore, TDAM will support proposals to lower such requirements.

Vulcan Materials Company

 

  Proponent   Mgmt Rec   Vote Instruction
Dissident Proxy (Blue Card)   Mgmt    
Elect Director Philip R. Lochner, Jr   SH   For   Do Not Vote
Policy Rationale: Dissident Proxy Items 1.1-6: The Delaware Chancery Court ruled on May 4th ruled that Martin Marietta could not proceed with its exchange offer or its proxy contest. Votes cast on the Dissident’s Blue proxy card may not be counted.
Elect Director Edward W. Moneypenny   SH   For   Do Not Vote
Elect Director Karen R. Osar   SH   For   Do Not Vote
Elect Director V. James Sardo   SH   For   Do Not Vote
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   None   Do Not Vote
Ratify Auditors   Mgmt   None   Do Not Vote
Require a Majority Vote for the Election of Directors   SH   None   Do Not Vote
Declassify the Board of Directors   SH   None   Do Not Vote
Reduce Supermajority Vote Requirement   SH   None   Do Not Vote

Wal-Mart Stores, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
WMT    01-Jun-12    USA    931142103    Annual    04-Apr-12

 

CUSIP: 931142103    ISIN: US9311421039    SEDOL: 2936921

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aida M. Alvarez   Mgmt   For   For
Elect Director James W. Breyer   Mgmt   For   For
Elect Director M. Michele Burns   Mgmt   For   For
Elect Director James I. Cash, Jr.   Mgmt   For   For
Elect Director Roger C. Corbett   Mgmt   For   For
Elect Director Douglas N. Daft   Mgmt   For   For
Elect Director Michael T. Duke   Mgmt   For   For
Elect Director Marissa A. Mayer   Mgmt   For   For
Elect Director Gregory B. Penner   Mgmt   For   For
Elect Director Steven S. Reinemund   Mgmt   For   For

Wal-Mart Stores, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director H. Lee Scott, Jr.   Mgmt   For   For
Elect Director Arne M. Sorenson   Mgmt   For   For
Elect Director Jim C. Walton   Mgmt   For   For
Elect Director S. Robson Walton   Mgmt   For   For
Elect Director Christopher J. Williams   Mgmt   For   For
Elect Director Linda S. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Political Contributions   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Request Director Nominee with Patient Safety and Healthcare Quality Experience   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Performance-Based Equity Awards   SH   Against   Against
Voter Rationale: TDAM is of the view that the Company’s current executive compensation policies effectively align executive performance with shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.

Catalyst Health Solutions, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CHSI    04-Jun-12    USA    14888B103    Annual    09-Apr-12

 

CUSIP: 14888B103    ISIN: US14888B1035    SEDOL: 2507781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Steven B. Epstein   Mgmt   For   For
Elect Director Michael R. McDonnell   Mgmt   For   For
Elect Director Dale B. Wolf   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Catalyst Health Solutions, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Crocs, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CROX    04-Jun-12    USA    227046109    Annual    09-Apr-12

 

CUSIP: 227046109    ISIN: US2270461096    SEDOL: B0T7Z62

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ronald L. Frasch   Mgmt   For   For
Elect Director W. Stephen Cannon   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Amend Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

UnitedHealth Group Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UNH    04-Jun-12    USA    91324P102    Annual    05-Apr-12

 

CUSIP: 91324P102    ISIN: US91324P1021    SEDOL: 2917766

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director William C. Ballard, Jr.   Mgmt   For   For
Elect Director Richard T. Burke   Mgmt   For   For
Elect Director Robert J. Darretta   Mgmt   For   For
Elect Director Stephen J. Hemsley   Mgmt   For   For
Elect Director Michele J. Hooper   Mgmt   For   For
Elect Director Rodger A. Lawson   Mgmt   For   For
Elect Director Douglas W. Leatherdale   Mgmt   For   For
Elect Director Glenn M. Renwick   Mgmt   For   For

UnitedHealth Group Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth I. Shine   Mgmt   For   For
Elect Director Gail R. Wilensky   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Report on Lobbying Payments and Policy   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith.      
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.      

AboveNet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ABVT    05-Jun-12    USA    00374N107    Special    30-Apr-12

 

CUSIP: 00374N107    ISIN: US00374N1072    SEDOL: 2810393

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Merger Agreement   Mgmt   For   For
Voter Rationale: No response from PM by vote cut-off, therefore vote is as per ISS’s recommendation which does not offend TDAM guidelines.
Policy Rationale: TDAM evaluates merger and acquisition proposals on a case-by-case basis.
Adjourn Meeting   Mgmt   For   For
Voter Rationale: No governance concerns noted.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.
Advisory Vote on Golden Parachutes   Mgmt   For   Against
Voter Rationale: A vote against this proposal is warranted as it offends TDAM’s proxy policy regarding excessive Golden Parachutes.
Policy Rationale: As this item is related to the merger proposal presented under Item 1, TDAM will evaluate this item on a case-by-case basis.

Epiq Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EPIQ    05-Jun-12    USA    26882D109    Annual    02-Apr-12

 

CUSIP: 26882D109    ISIN: US26882D1090    SEDOL: 2371339

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Tom W. Olofson   Mgmt   For   For
Elect Director Christopher E. Olofson   Mgmt   For   For
Elect Director W. Bryan Satterlee   Mgmt   For   For
Elect Director Edward M. Connolly, Jr.   Mgmt   For   For
Elect Director James A. Byrnes   Mgmt   For   For
Elect Director Joel Pelofsky   Mgmt   For   For
Elect Director Charles C. Connely, IV   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Does not offend TDAM guidelines. The granting of options is related to specified performance criteria.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

France Telecom

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTE    05-Jun-12    France    F4113C103    Annual/Special    30-May-12

 

CUSIP: F4113C103    ISIN: FR0000133308    SEDOL: 5176177

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Management Proposals   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.40 per Share   Mgmt   For   For
Employee Shareholders Proposals   Mgmt    

France Telecom

 

  Proponent   Mgmt Rec   Vote Instruction
Amendment to Item 3 Above: Approve Dividends of EUR 1 (instead of EUR 1.40) per Share   SH   Against   Against
Voter Rationale: A vote against this shareholder proposal is warranted, as it adversely impacts shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Management Proposals   Mgmt    
Acknowledge Auditors’ Special Report on Related-Party Transactions Mentioning the Absence of Transactions   Mgmt   For   For
Reelect Claudie Haignere as Director   Mgmt   For   For
Reelect Jose Luis Duran as Director   Mgmt   For   For
Reelect Charles Henri Filippi as Director   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Ratify Change of Registered Office to 78, Rue Olivier de Serres, 75015 Paris   Mgmt   For   For
Extraordinary Business   Mgmt    
Amend Article 9 of Bylaws Re: Shareholding Disclosure Requirements   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as this amendment would require shorter notices, which would unnecessarily increase the burden of the notification process for shareholders.
Remove Paragraphs 3 and 4 of Article 16 Re: Board Powers   Mgmt   For   For
Amend Article 21 of Bylaws Re: Proxy Voting, Electronic Vote, Convening of General Meeting, Shareholders Proposals   Mgmt   For   For
Authorize Capital Increase of up to EUR 25 Million to Holders of Orange SA Stock Options or Shares in Connection with France Telecom Liquidity Agreement   Mgmt   For   For
Authorize up to EUR 250,000 for Issuance of Free Option- Based Liquidity Instruments Reserved for Holders of Orange SA Stock Options Benefiting from a Liquidity Agreement   Mgmt   For   For
Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plan (Repurchased Shares)   Mgmt   For   For
Approve Employee Stock Purchase Plan   Mgmt   For   For
Approve Reduction in Share Capital via Cancellation of Repurchased Shares   Mgmt   For   For
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

IPG Photonics Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IPGP    05-Jun-12    USA    44980X109    Annual    09-Apr-12

 

CUSIP: 44980X109    ISIN: US44980X1090    SEDOL: 2698782

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Valentin P. Gapontsev   Mgmt   For   For
Elect Director Eugene Scherbakov   Mgmt   For   For
Elect Director Igor Samartsev   Mgmt   For   For
Elect Director Robert A. Blair   Mgmt   For   For
Elect Director Michael C. Child   Mgmt   For   For
Elect Director Michael R. Kampfe   Mgmt   For   For
Elect Director Henry E. Gauthier   Mgmt   For   For
Elect Director William S. Hurley   Mgmt   For   For
Elect Director William F. Krupke   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

MasterCard Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MA    05-Jun-12    USA    57636Q104    Annual    10-Apr-12

 

CUSIP: 57636Q104    ISIN: US57636Q1040    SEDOL: B121557

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ajay Banga   Mgmt   For   For
Elect Director David R. Carlucci   Mgmt   For   For
Elect Director Steven J. Freiberg   Mgmt   For   For
Elect Director Richard Haythornthwaite   Mgmt   For   For
Elect Director Marc Olivie   Mgmt   For   For
Elect Director Rima Qureshi   Mgmt   For   For
Elect Director Mark Schwartz   Mgmt   For   For
Elect Director Jackson P. Tai   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

MasterCard Incorporated

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Non-Employee Director Omnibus Stock Plan   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.
Ratify Auditors   Mgmt   For   For

Cabela’s Incorporated

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAB    06-Jun-12    USA    126804301    Annual    09-Apr-12

 

CUSIP: 126804301    ISIN: US1268043015    SEDOL: B00N2Z7

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Theodore M. Armstrong   Mgmt   For   For
Elect Director Richard N. Cabela   Mgmt   For   For
Elect Director James W. Cabela   Mgmt   For   For
Elect Director John H. Edmondson   Mgmt   For   For
Elect Director John Gottschalk   Mgmt   For   For
Elect Director Dennis Highby   Mgmt   For   For
Elect Director Reuben Mark   Mgmt   For   For
Elect Director Michael R. McCarthy   Mgmt   For   For
Elect Director Thomas L. Millner   Mgmt   For   For
Elect Director Beth M. Pritchard   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Sauer-Danfoss Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SHS    06-Jun-12    USA    804137107    Annual    17-Apr-12

 

CUSIP: 804137107    ISIN: US8041371076    SEDOL: 2245070

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Niels B. Christiansen   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Jorgen M. Clausen   Mgmt   For   For
Elect Director Kim Fausing   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard J. Freeland   Mgmt   For   For
Elect Director Per Have   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director William E. Hoover, Jr.   Mgmt   For   For
Elect Director Johannes F. Kirchhoff   Mgmt   For   For
Elect Director Sven Ruder   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Anders Stahlschmidt   Mgmt   For   Withhold
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Steven H. Wood   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Activision Blizzard, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
ATVI    07-Jun-12    USA    00507V109    Annual    09-Apr-12

 

CUSIP: 00507V109    ISIN: US00507V1098    SEDOL: 2575818

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Philippe G. H. Capron   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Corti   Mgmt   For   For

Activision Blizzard, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Frederic R. Crepin   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Lucian Grainge   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Brian G. Kelly   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert A. Kotick   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Jean-Bernard Levy   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Robert J. Morgado   Mgmt   For   For
Elect Director Stephane Roussel   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Elect Director Richard Sarnoff   Mgmt   For   For
Elect Director Regis Turrini   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Amend Omnibus Stock Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: TDAM is of the view that the Company has appropriately provided shareholders with comprehensive disclosure, and is satisfied with the process the Board and the Compensation Committee has in place for determining executive compensation.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

AMERIGROUP Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
AGP    07-Jun-12    USA    03073T102    Annual    09-Apr-12

 

CUSIP: 03073T102    ISIN: US03073T1025    SEDOL: 2593683

AMERIGROUP Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas E. Capps   Mgmt   For   For
Elect Director Emerson U. Fullwood   Mgmt   For   For
Elect Director William J. Mcbride   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For

Columbia Sportswear Company

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
COLM    07-Jun-12    USA    198516106    Annual    03-Apr-12

 

CUSIP: 198516106    ISIN: US1985161066    SEDOL: 2229126

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gertrude Boyle   Mgmt   For   For
Elect Director Timothy P. Boyle   Mgmt   For   For
Elect Director Sarah A. Bany   Mgmt   For   For
Elect Director Murrey R. Albers   Mgmt   For   For
Elect Director Stephen E. Babson   Mgmt   For   For
Elect Director Andy D. Bryant   Mgmt   For   For
Elect Director Edward S. George   Mgmt   For   For
Elect Director Walter T. Klenz   Mgmt   For   For
Elect Director Ronald E. Nelson   Mgmt   For   For
Elect Director John W. Stanton   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally votes against proposals permitting a corporation to make loans to employees to buy stock/options with a note or loan from that corporation or that would require that corporation to co-sign a loan with a third party, unless lending is considered a regular part of the granting corporation’s business.

Compagnie de Saint Gobain

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SGO    07-Jun-12    France    F80343100    Annual/Special    01-Jun-12

 

CUSIP: F80343100    ISIN: FR0000125007    SEDOL: 7380482

 

  Proponent   Mgmt Rec   Vote Instruction
Ordinary Business   Mgmt    
Approve Financial Statements and Statutory Reports   Mgmt   For   For
Approve Consolidated Financial Statements and Statutory Reports   Mgmt   For   For
Approve Allocation of Income and Dividends of EUR 1.24 per Share   Mgmt   For   For
Approve Transaction with Wendel Re: Principles and Objectives of their Long-Term Partnership   Mgmt   For   For
Approve Transaction with BNP Paribas and Verallia Re: Listing of Verallia Shares   Mgmt   For   For
Elect Jean-Dominique Senard as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Isabelle Bouillot as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Bernard Gautier as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Reelect Sylvia Jay as Director   Mgmt   For   For
Reelect Frederic Lemoine as Director   Mgmt   For   Against
Policy Rationale: TDAM opposes non-independent nominees when the majority of the board is not independent.
Renew Appointment of KPMG Audit as Auditor   Mgmt   For   For
Renew Appointment of Fabrice Odent as Alternate Auditor   Mgmt   For   For
Authorize Repurchase of Up to 10 Percent of Issued Share Capital   Mgmt   For   For
Extraordinary Business   Mgmt    
Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plan   Mgmt   For   For
Authorize up to 0.8 Percent of Issued Capital for Use in Restricted Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed.
Authorize Board to Issue Free Warrants with Preemptive Rights During a Public Tender Offer or Share Exchange Offer   Mgmt   For   Against
Policy Rationale: TDAM opposes this form of antitakeover mechanism.

Compagnie de Saint Gobain

 

  Proponent   Mgmt Rec   Vote Instruction
Authorize Filing of Required Documents/Other Formalities   Mgmt   For   For

Cubist Pharmaceuticals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CBST    07-Jun-12    USA    229678107    Annual    09-Apr-12

 

CUSIP: 229678107    ISIN: US2296781071    SEDOL: 2240934

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kenneth Bate   Mgmt   For   For
Elect Director Nancy Hutson   Mgmt   For   For
Elect Director Leon Moulder, Jr.   Mgmt   For   For
Elect Director Martin Soeters   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Approve Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Ingersoll-Rand plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IR    07-Jun-12    Ireland    G47791101    Annual    09-Apr-12

 

CUSIP: G47791101    ISIN: IE00B6330302    SEDOL: B633030

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Ann C. Berzin   Mgmt   For   For
Elect Director John Bruton   Mgmt   For   For
Elect Director Jared L. Cohon   Mgmt   For   For
Elect Director Gary D. Forsee   Mgmt   For   For
Elect Director Peter C. Godsoe   Mgmt   For   For
Elect Director Edward E. Hagenlocker   Mgmt   For   For

Ingersoll-Rand plc

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Constance J. Horner   Mgmt   For   For
Elect Director Michael W. Lamach   Mgmt   For   For
Elect Director Theodore E. Martin   Mgmt   For   For
Elect Director Richard J. Swift   Mgmt   For   For
Elect Director Tony L. White   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

InterDigital, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IDCC    07-Jun-12    USA    45867G101    Annual    10-Apr-12

 

CUSIP: 45867G101    ISIN: US45867G1013    SEDOL: 2465737

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Gilbert F. Amelio   Mgmt   For   For
Elect Director Steven T. Clontz   Mgmt   For   For
Elect Director Edward B. Kamins   Mgmt   For   For
Elect Director John A. Kritzmacher   Mgmt   For   For
Elect Director William J. Merritt   Mgmt   For   For
Elect Director Jean F. Rankin   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Las Vegas Sands Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LVS    07-Jun-12    USA    517834107    Annual    13-Apr-12

 

CUSIP: 517834107    ISIN: US5178341070    SEDOL: B02T2J7

Las Vegas Sands Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jason N. Ader   Mgmt   For   For
Elect Director Michael A. Leven   Mgmt   For   For
Elect Director Jeffrey H. Schwartz   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: CEO pay equity mix does not contain performance-based criteria or standards, causing a pay-for-performance misalignment. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Omega Healthcare Investors, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
OHI    07-Jun-12    USA    681936100    Annual    09-Apr-12

 

CUSIP: 681936100    ISIN: US6819361006    SEDOL: 2043274

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Thomas F. Franke   Mgmt   For   For
Elect Director Bernard J. Korman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Voting in line with ISS, as significant pay-for-performance disconnect is noted. Specifically, the CEO’s 401.5% compensation increase over 2010 is not in line with company performance over the same period, nor is it consistent with peer-group standards.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Universal Health Realty Income Trust

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
UHT    07-Jun-12    USA    91359E105    Annual    09-Apr-12

 

CUSIP: 91359E105    ISIN: US91359E1055    SEDOL: 2927497

Universal Health Realty Income Trust

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James E. Dalton, Jr.   Mgmt   For   For
Elect Director Marc D. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Live Nation Entertainment, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
LYV    08-Jun-12    USA    538034109    Annual    18-Apr-12

 

CUSIP: 538034109    ISIN: US5380341090    SEDOL: B0T7YX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James L. Dolan   Mgmt   For   For
Elect Director Ariel Emanuel   Mgmt   For   For
Elect Director Gregory B. Maffei   Mgmt   For   For
Elect Director Randall T. Mays   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: Following ISS recommendation as significant pay-for-performance disconnect has been noted. TDAM has voted against the company’s executive compensation approach previously.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

United Rentals, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
URI    08-Jun-12    USA    911363109    Annual    02-May-12

 

CUSIP: 911363109    ISIN: US9113631090    SEDOL: 2134781

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jenne K. Britell   Mgmt   For   For
Elect Director Jose B. Alvarez   Mgmt   For   For

United Rentals, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Bobby J. Griffin   Mgmt   For   For
Elect Director Michael J. Kneeland   Mgmt   For   For
Elect Director Pierre E. Leroy   Mgmt   For   For
Elect Director Singleton B. McAllister   Mgmt   For   For
Elect Director Brian D. McAuley   Mgmt   For   For
Elect Director John S. McKinney   Mgmt   For   For
Elect Director James H. Ozanne   Mgmt   For   For
Elect Director Jason D. Papastavrou   Mgmt   For   For
Elect Director Filippo Passerini   Mgmt   For   For
Elect Director Donald C. Roof   Mgmt   For   For
Elect Director Keith Wimbush   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Repeal Exclusive Venue Provision   SH   Against   For
Voter Rationale: A vote for this shareholder proposal is warranted, as the company’s current exclusive venue provisions limit shareholders’ rights in this regard.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

WORLD FUEL SERVICES CORPORATION

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
INT    08-Jun-12    USA    981475106    Annual    02-Apr-12

 

CUSIP: 981475106    ISIN: US9814751064    SEDOL: 2469450

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Michael J. Kasbar   Mgmt   For   For
Elect Director Paul H. Stebbins   Mgmt   For   For
Elect Director Ken Bakshi   Mgmt   For   For
Elect Director Richard A. Kassar   Mgmt   For   For
Elect Director Myles Klein   Mgmt   For   For

WORLD FUEL SERVICES CORPORATION

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Abby F. Kohnstamm   Mgmt   For   For
Elect Director John L. Manley   Mgmt   For   For
Elect Director J. Thomas Presby   Mgmt   For   For
Elect Director Stephen K. Roddenberry   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Caterpillar Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
CAT    13-Jun-12    USA    149123101    Annual    16-Apr-12

 

CUSIP: 149123101    ISIN: US1491231015    SEDOL: 2180201

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director David L. Calhoun   Mgmt   For   For
Elect Director Daniel M. Dickinson   Mgmt   For   For
Elect Director Eugene V. Fife   Mgmt   For   For
Elect Director Juan Gallardo   Mgmt   For   For
Elect Director David R. Goode   Mgmt   For   For
Elect Director Jesse J. Greene, Jr.   Mgmt   For   For
Elect Director Jon M. Huntsman, Jr.   Mgmt   For   For
Elect Director Peter A. Magowan   Mgmt   For   For
Elect Director Dennis A. Muilenburg   Mgmt   For   For
Elect Director Douglas R. Oberhelman   Mgmt   For   For
Elect Director William A. Osborn   Mgmt   For   For
Elect Director Charles D. Powell   Mgmt   For   For
Elect Director Edward B. Rust, Jr.   Mgmt   For   For
Elect Director Susan C. Schwab   Mgmt   For   For
Elect Director Joshua I. Smith   Mgmt   For   For
Elect Director Miles D. White   Mgmt   For   For

Caterpillar Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Provide Right to Call Special Meeting   Mgmt   For   For
Voter Rationale: In line with ISS’s and management’s reasoning, proposal provides increased shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Amend Advance Notice Provisions for Shareholder Proposals/Nominations   Mgmt   For   For
Voter Rationale: A vote in line with ISS and management is warranted, as this proposal does not adversely impact shareholder value.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.
Report on Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.      
Require a Majority Vote for the Election of Directors   SH   Against   For
Policy Rationale: A majority-vote standard coupled with a director resignation policy would give full effect to the shareholder franchise.
Review and Assess Human Rights Policies   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted because Caterpillar does not have significant disclosure on its human rights policies or publicly subscribe to commonly accepted international standards, the adherence to which could assist shareholders in evaluating the company’s existing policies and procedures for addressing human rights concerns in its operations.
Provide Right to Act by Written Consent   SH   Against   For
Policy Rationale: Because approval of this item would result in an improvement in the company’s overall governance practices and could enhance shareholders’ rights, TDAM votes in favor of this proposal.

Target Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TGT    13-Jun-12    USA    87612E106    Annual    16-Apr-12

 

CUSIP: 87612E106    ISIN: US87612E1064    SEDOL: 2259101

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Roxanne S. Austin   Mgmt   For   For
Elect Director Calvin Darden   Mgmt   For   For
Elect Director Mary N. Dillon   Mgmt   For   For

Target Corporation

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James A. Johnson   Mgmt   For   For
Elect Director Mary E. Minnick   Mgmt   For   For
Elect Director Anne M. Mulcahy   Mgmt   For   For
Elect Director Derica W. Rice   Mgmt   For   For
Elect Director Stephen W. Sanger   Mgmt   For   For
Elect Director Gregg W. Steinhafel   Mgmt   For   For
Elect Director John G. Stumpf   Mgmt   For   For
Elect Director Solomon D. Trujillo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Approve Executive Incentive Bonus Plan   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Report on Electronics Recycling and Preventing E-Waste Export   SH   Against   Against
Voter Rationale: As per the recommendation of Derek Smith, this proposal provides no additional shareholder value.
Policy Rationale: TDAM will evaluate this proposal on a case-by-case basis.
Prohibit Political Contributions   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.

The Men’s Wearhouse, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MW    13-Jun-12    USA    587118100    Annual    16-Apr-12

 

CUSIP: 587118100    ISIN: US5871181005    SEDOL: 2576327

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director George Zimmer   Mgmt   For   For
Elect Director David H. Edwab   Mgmt   For   For
Elect Director Douglas S. Ewert   Mgmt   For   For
Elect Director Rinaldo S. Brutoco   Mgmt   For   For
Elect Director Michael L. Ray   Mgmt   For   For
Elect Director Sheldon I. Stein   Mgmt   For   For

The Men’s Wearhouse, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Deepak Chopra   Mgmt   For   For
Elect Director William B. Sechrest   Mgmt   For   For
Elect Director Larry R. Katzen   Mgmt   For   For
Elect Director Grace Nichols   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

DSW Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
DSW    14-Jun-12    USA    23334L102    Annual    17-Apr-12

 

CUSIP: 23334L102    ISIN: US23334L1026    SEDOL: B0BV2V6

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Jay L. Schottenstein   Mgmt   For   For
Elect Director Michael R. MacDonald   Mgmt   For   For
Elect Director Philip B. Miller   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Fortinet, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FTNT    14-Jun-12    USA    34959E109    Annual    20-Apr-12

 

CUSIP: 34959E109    ISIN: US34959E1091    SEDOL: B5B2106

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Chenming Hu   Mgmt   For   For
Elect Director Hong Liang Lu   Mgmt   For   For
Elect Director Ken Xie   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Fortinet, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Freeport-McMoRan Copper & Gold Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
FCX    14-Jun-12    USA    35671D857    Annual    18-Apr-12

 

CUSIP: 35671D857    ISIN: US35671D8570    SEDOL: 2352118

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director Robert J. Allison, Jr.   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Charles C. Krulak   Mgmt   For   For
Elect Director Bobby Lee Lackey   Mgmt   For   For
Elect Director Jon C. Madonna   Mgmt   For   For
Elect Director Dustan E. McCoy   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director Stephen H. Siegele   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   Against
Voter Rationale: A vote against this non-binding advisory vote is warranted as despite positive changes made by the Company to the compensation approach following last year’s failing say-on-pay result, a significant pay-for- performance disconnect is still noted.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For
Request Director Nominee with Environmental Qualifications   SH   Against   For
Voter Rationale: As per the recommendation of Derek Smith.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

McMoRan Exploration Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MMR    14-Jun-12    USA    582411104    Annual    18-Apr-12

 

CUSIP: 582411104    ISIN: US5824111042    SEDOL: 2311045

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Richard C. Adkerson   Mgmt   For   For
Elect Director A. Peyton Bush, III   Mgmt   For   For
Elect Director William P. Carmichael   Mgmt   For   For
Elect Director Robert A. Day   Mgmt   For   For
Elect Director James C. Flores   Mgmt   For   For
Elect Director Gerald J. Ford   Mgmt   For   For
Elect Director H. Devon Graham, Jr.   Mgmt   For   For
Elect Director Suzanne T. Mestayer   Mgmt   For   For
Elect Director James R. Moffett   Mgmt   For   For
Elect Director B. M. Rankin, Jr.   Mgmt   For   For
Elect Director John F.Wombwell   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Voter Rationale: Although TDAM notes significant areas where the Company’s executive compensation approach needs improvement, a pay-for-performance disconnect is not evident at this time. Does not offend TDAM guidelines.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MPWR    14-Jun-12    USA    609839105    Annual    17-Apr-12

 

CUSIP: 609839105    ISIN: US6098391054    SEDOL: B01Z7J1

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director James C. Moyer   Mgmt   For   For
Elect Director Karen A. Smith Bogart   Mgmt   For   For
Elect Director Jeff Zhou   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Monolithic Power Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Salix Pharmaceuticals, Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
SLXP    14-Jun-12    USA    795435106    Annual    20-Apr-12

 

CUSIP: 795435106    ISIN: US7954351067    SEDOL: 2693981

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John F. Chappell   Mgmt   For   For
Elect Director Thomas W. D’Alonzo   Mgmt   For   For
Elect Director William P. Keane   Mgmt   For   For
Elect Director Carolyn J. Logan   Mgmt   For   For
Elect Director Mark A. Sirgo   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Amend Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: Incentive compensation plans including Restricted Stock grants or options which are not related to corporate and/or individual performance should generally be opposed. In this case, performance criteria have not been disclosed.

Toyota Motor Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7203    15-Jun-12    Japan    J92676113    Annual    31-Mar-12

 

CUSIP: J92676113    ISIN: JP3633400001    SEDOL: 6900643

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 30   Mgmt   For   For
Elect Director Cho, Fujio   Mgmt   For   For
Elect Director Toyoda, Akio   Mgmt   For   For

Toyota Motor Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Uchiyamada, Takeshi   Mgmt   For   For
Elect Director Funo, Yukitoshi   Mgmt   For   For
Elect Director Niimi, Atsushi   Mgmt   For   For
Elect Director Sasaki, Shinichi   Mgmt   For   For
Elect Director Ozawa, Satoshi   Mgmt   For   For
Elect Director Kodaira, Nobuyori   Mgmt   For   For
Elect Director Furuhashi, Mamoru   Mgmt   For   For
Elect Director Ijichi, Takahiko   Mgmt   For   For
Elect Director Ihara, Yasumori   Mgmt   For   For
Elect Director Maekawa, Masamoto   Mgmt   For   For
Elect Director Kato, Mitsuhisa   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Golar LNG Ltd

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOL    18-Jun-12    Bermuda    G9456A100    Special    04-May-12

 

CUSIP: G9456A100    ISIN: BMG9456A1009    SEDOL: 7139695

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Delisting of Shares from the Oslo Stock Exchange   Mgmt   For   For

NTT DOCOMO, INC.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9437    19-Jun-12    Japan    J59399105    Annual    31-Mar-12

 

CUSIP: J59399105    ISIN: JP3165650007    SEDOL: 6129277

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 2800   Mgmt   For   For

NTT DOCOMO, INC.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Kato, Kaoru   Mgmt   For   For
Elect Director Tsubochi, Kazuto   Mgmt   For   For
Elect Director Iwasaki, Fumio   Mgmt   For   For
Elect Director Shindo, Tsutomu   Mgmt   For   For
Elect Director Tanaka, Takashi   Mgmt   For   For
Elect Director Yoshizawa, Kazuhiro   Mgmt   For   For
Elect Director Onoe, Seizo   Mgmt   For   For
Elect Director Kagawa, Wataru   Mgmt   For   For
Elect Director Nagata, Kiyohito   Mgmt   For   For
Elect Director Sato, Hirotaka   Mgmt   For   For
Elect Director Takagi, Kazuhiro   Mgmt   For   For
Elect Director Yamada, Ryuuji   Mgmt   For   Against
Policy Rationale: TDAM opposes this director nominee because the board composition will not meet policy requirements applicable to controlled companies.
Elect Director Kusumoto, Hiroo   Mgmt   For   For
Appoint Statutory Auditor Utano, Takanori   Mgmt   For   For

Komatsu Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6301    20-Jun-12    Japan    J35759125    Annual    31-Mar-12

 

CUSIP: J35759125    ISIN: JP3304200003    SEDOL: 6496584

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 21   Mgmt   For   For
Elect Director Sakane, Masahiro   Mgmt   For   For
Elect Director Noji, Kunio   Mgmt   For   For
Elect Director Komamura, Yoshinori   Mgmt   For   For
Elect Director Hironaka, Mamoru   Mgmt   For   For
Elect Director Ohashi, Tetsuji   Mgmt   For   For
Elect Director Fujitsuka, Mikio   Mgmt   For   For

Komatsu Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Takamura, Fujitoshi   Mgmt   For   For
Elect Director Hotta, Kensuke   Mgmt   For   For
Elect Director Kano, Noriaki   Mgmt   For   For
Elect Director Ikeda, Koichi   Mgmt   For   For
Appoint Statutory Auditor Morimoto, Makoto   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For
Approve Adjustment to Aggregate Compensation Ceiling for Statutory Auditors   Mgmt   For   For
Approve Deep Discount Stock Option Plan   Mgmt   For   For

Equity Residential

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
EQR    21-Jun-12    USA    29476L107    Annual    30-Mar-12

 

CUSIP: 29476L107    ISIN: US29476L1070    SEDOL: 2319157

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director John W. Alexander   Mgmt   For   For
Elect Director Charles L. Atwood   Mgmt   For   For
Elect Director Linda Walker Bynoe   Mgmt   For   For
Elect Director Mary Kay Haben   Mgmt   For   For
Elect Director Bradley A. Keywell   Mgmt   For   For
Elect Director John E. Neal   Mgmt   For   For
Elect Director David J. Neithercut   Mgmt   For   For
Elect Director Mark S. Shapiro   Mgmt   For   For
Elect Director Gerald A. Spector   Mgmt   For   For
Elect Director B. Joseph White   Mgmt   For   For
Elect Director Samuel Zell   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Equity Residential

 

  Proponent   Mgmt Rec   Vote Instruction
Prepare Sustainability Report   SH   Against   For
Policy Rationale: TDAM support for this proposal is warranted given the benefit from more comprehensive disclosure of company sustainability-related metrics and goals.

Google Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
GOOG    21-Jun-12    USA    38259P508    Annual    23-Apr-12

 

CUSIP: 38259P508    ISIN: US38259P5089    SEDOL: B020QX2

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Larry Page   Mgmt   For   For
Elect Director Sergey Brin   Mgmt   For   For
Elect Director Eric E. Schmidt   Mgmt   For   For
Elect Director L. John Doerr   Mgmt   For   For
Elect Director Diane B. Greene   Mgmt   For   For
Elect Director John L. Hennessy   Mgmt   For   For
Elect Director Ann Mather   Mgmt   For   For
Elect Director Paul S. Otellini   Mgmt   For   For
Elect Director K. Ram Shriram   Mgmt   For   For
Elect Director Shirley M. Tilghman   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Authorize a New Class of Common Stock   Mgmt   For   Against
Policy Rationale: TDAM opposes this item as the establishment of a new class of capital stock complicates the company’s capital structure, may have an anti-takeover effect, and the board lacks a compelling rationale for its approval.
Increase Authorized Common Stock   Mgmt   For   Against
Policy Rationale: In line with its position on Item 3, TDAM opposes this proposal to establish Class C capital stock.
Amend Charter to Provide For Class A Common Holders to Receive Equal Consideration as Class B Common Holders in event of any Merger, Consolidation or Business Combination   Mgmt   For   For
Voter Rationale: A vote for this proposal is warranted, as it will increase shareholder value in the event of a merger, consolidation or business combination. In line with ISS.
Policy Rationale: Issues that are not addressed are referred for case-by-case evaluation.

Google Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.
Approve Omnibus Stock Plan   Mgmt   For   Against
Policy Rationale: TDAM generally opposes share option plans which allow directors or management to lower the exercise price of existing options or resolutions which seek to reduce the exercise price of outstanding options. Moreover, support for the creation of Class C stock is not warranted.
Adopt Proxy Statement Reporting on Political Contributions and Advisory Vote   SH   Against   Against
Policy Rationale: TDAM support for this proposal is not warranted.
Amend Articles Regarding Arbitration of Shareholder Lawsuits   SH   Against   Against
Voter Rationale: On a risk/return analysis, does not appear to add to shareholder value.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.
Approve Recapitalization Plan for all Stock to have One-vote per Share   SH   Against   For
Voter Rationale: A vote for this proposal is warranted, as TDAM supports the “one share one vote” philosophy.
Policy Rationale: TDAM evaluates this item on a case-by-case basis.

Honda Motor Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7267    21-Jun-12    Japan    J22302111    Annual    31-Mar-12

 

CUSIP: J22302111    ISIN: JP3854600008    SEDOL: 6435145

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 15   Mgmt   For   For
Amend Articles To Indemnify Directors and Statutory Auditors   Mgmt   For   For
Elect Director Ito, Takanobu   Mgmt   For   For
Elect Director Iwamura, Tetsuo   Mgmt   For   For
Elect Director Oyama, Tatsuhiro   Mgmt   For   For
Elect Director Ike, Fumihiko   Mgmt   For   For
Elect Director Kawanabe, Tomohiko   Mgmt   For   For
Elect Director Yamamoto, Takashi   Mgmt   For   For

Honda Motor Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Yamamoto, Yoshiharu   Mgmt   For   For
Elect Director Hogen, Kensaku   Mgmt   For   For
Elect Director Kuroyanagi, Nobuo   Mgmt   For   For
Elect Director Fukui, Takeo   Mgmt   For   For
Elect Director Yoshida, Masahiro   Mgmt   For   For
Elect Director Shiga, Yuuji   Mgmt   For   For
Appoint Statutory Auditor Yamashita, Masaya   Mgmt   For   For
Appoint Statutory Auditor Hiwatari, Toshiaki   Mgmt   For   For

MedAssets, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
MDAS    21-Jun-12    USA    584045108    Annual    25-Apr-12

 

CUSIP: 584045108    ISIN: US5840451083    SEDOL: B29YMY4

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director C.A. (Lance) Piccolo   Mgmt   For   For
Elect Director Bruce F. Wesson   Mgmt   For   For
Elect Director Samuel K. Skinner   Mgmt   For   For
Ratify Auditors   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For

Mitsui & Co.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8031    21-Jun-12    Japan    J44690139    Annual    31-Mar-12

 

CUSIP: J44690139    ISIN: JP3893600001    SEDOL: 6597302

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 28   Mgmt   For   For

Mitsui & Co.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Utsuda, Shoei   Mgmt   For   For
Elect Director Iijima, Masami   Mgmt   For   For
Elect Director Tanaka, Seiichi   Mgmt   For   For
Elect Director Kawashima, Fuminobu   Mgmt   For   For
Elect Director Saiga, Daisuke   Mgmt   For   For
Elect Director Okada, Joji   Mgmt   For   For
Elect Director Kinoshita, Masayuki   Mgmt   For   For
Elect Director Anbe, Shintaro   Mgmt   For   For
Elect Director Tanaka, Koichi   Mgmt   For   For
Elect Director Matsubara, Nobuko   Mgmt   For   For
Elect Director Nonaka, Ikujiro   Mgmt   For   For
Elect Director Hirabayashi, Hiroshi   Mgmt   For   For
Elect Director Muto, Toshiro   Mgmt   For   For
Appoint Statutory Auditor Matsuo, Kunihiro   Mgmt   For   For

Iberdrola S.A.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
IBE    22-Jun-12    Spain    E6165F166    Annual    17-Jun-12

 

CUSIP: E6165F166    ISIN: ES0144580Y14    SEDOL: B288C92

 

  Proponent   Mgmt Rec   Vote Instruction
Annual Meeting   Mgmt    
Approve Consolidated and Standalone Financial Statements For FY 2011   Mgmt   For   For
Approve Management Reports   Mgmt   For   For
Approve Discharge of Directors   Mgmt   For   For
Renew Appointment of Ernst & Young as Auditor   Mgmt   For   For
Approve Allocation of Income and Distribution of Dividends of EUR 0.03 Per Share   Mgmt   For   For
Approve EUR 2.02 Billion Capital Increase Charged Against Reserves   Mgmt   For   For

Iberdrola S.A.

 

  Proponent   Mgmt Rec   Vote Instruction
Ratify Co-option of and Elect Jose Luis San Pedro Guerenabarrena as Director   Mgmt   For   For
Ratify Co-option of and Elect Angel Jesus Acebes Paniagua as Director   Mgmt   For   For
Reelect Xabier de Irala Estevez as Director   Mgmt   For   For
Policy Rationale: The nominee’s attendance was not highlighted as an issue at the previous AGM.
Reelect Inigo Victor de Oriol Ibarra as Director   Mgmt   For   For
Reelect Ines Macho Stadler as Director   Mgmt   For   For
Reelect Braulio Medel Camara as Director   Mgmt   For   For
Reelect Samantha Barber as Director   Mgmt   For   For
Elect Francisco Pons Alcoy as Director   Mgmt   For   For
Authorize Issuance of Bonds/Debentures and/or Other Debt Securities   Mgmt   For   For
Voter Rationale: No response from portfolio manager by vote deadline. Voting in line with ISS, which does not offend TDAM guidelines.
Policy Rationale: Given the investment-related considerations of this proposal, TDAM will evaluate this item on a case-by-case basis.
Authorize Listing on and Delisting from Secondary Exchanges of Shares and Other Securities   Mgmt   For   For
Approve Charitable Donations   Mgmt   For   For
Amend Articles 19.1, 19.4, 20.1, 20.2, 20.4, and 23.3 of Bylaws   Mgmt   For   For
Amend Articles 24.1, 24.2, and 25.2 of Bylaws   Mgmt   For   For
Amend Articles of General Meeting Regulations   Mgmt   For   For
Approve Company’s Corporate Web Site   Mgmt   For   For
Authorize Board to Ratify and Execute Approved Resolutions   Mgmt   For   For
Advisory Vote on Remuneration Report   Mgmt   For   For

SoftBank Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
9984    22-Jun-12    Japan    J75963108    Annual    31-Mar-12

 

CUSIP: J75963108    ISIN: JP3436100006    SEDOL: 6770620

SoftBank Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 40   Mgmt   For   For

Mitsubishi Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8058    26-Jun-12    Japan    J43830116    Annual    31-Mar-12

 

CUSIP: J43830116    ISIN: JP3898400001    SEDOL: 6596785

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 33   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Kobayashi, Ken   Mgmt   For   For
Elect Director Ueda, Ryoichi   Mgmt   For   For
Elect Director Yano, Masahide   Mgmt   For   For
Elect Director Nabeshima, Hideyuki   Mgmt   For   For
Elect Director Nakahara, Hideto   Mgmt   For   For
Elect Director Nagai, Yasuo   Mgmt   For   For
Elect Director Nomakuchi, Tamotsu   Mgmt   For   For
Elect Director Ito, Kunio   Mgmt   For   For
Elect Director Tsukuda, Kazuo   Mgmt   For   For
Elect Director Kato, Ryozo   Mgmt   For   For
Elect Director Konno, Hidehiro   Mgmt   For   For
Appoint Statutory Auditor Tsujiyama, Eiko   Mgmt   For   For
Appoint Statutory Auditor Ishino, Hideyo   Mgmt   For   For
Appoint Statutory Auditor Kunihiro, Tadashi   Mgmt   For   For
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Mizuho Financial Group Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8411    26-Jun-12    Japan    J4599L102    Annual    31-Mar-12

 

CUSIP: J4599L102    ISIN: JP3885780001    SEDOL: 6591014

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 3   Mgmt   For   For
Elect Director Tsukamoto, Takashi   Mgmt   For   For
Elect Director Takahashi, Hideyuki   Mgmt   For   For
Elect Director Abe, Daisaku   Mgmt   For   For
Appoint Statutory Auditor Ishizaka, Masami   Mgmt   For   For
Amend Articles to Limit Total Board Compensation to JPY 30 Million Until Net Capital per Share Reaches that of Competitors MUFG or SMFG   SH   Against   Against
Amend Articles to Require Caution in Accepting Corporate Evaluation Assignments   SH   Against   Against
Amend Articles to Require Subsidiaries Owning Shares in Allied Firms to Vote Shares Appropriately   SH   Against   For
Voter Rationale: As per ISS reasoning, third party advisor and/or voting guidelines serves the interests of shareholders and enhances shareholder value. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Public Disclosure of Director Training Policy, Content and Performance   SH   Against   For
Voter Rationale: In line with ISS, increased disclosure on director candidates will increase shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Disclosure of Individual Director and Statutory Auditor Compensation   SH   Against   For
Voter Rationale: In line with ISS, shareholders should be provided with the right information to make informed decisions with respect to a company’s compensation levels and objectives.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Require Firm to Seek Unified Nationwide Handling of Inquiries When Public Entities Request Assessments of Citizen Eligibility for Public Assistance   SH   Against   Against
Amend Articles to Relax Limit, Allow Shareholder Proposal Justification Statements Up to 4,000 Characters   SH   Against   For
Voter Rationale: In line with ISS, allowing for longer statements in support of shareholder proposals increases shareholder rights. TDAM has voted for this proposal in the past.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Mizuho Financial Group Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Amend Articles to Prohibit Biased Treatment of Non-Votes on Shareholder vs. Company Proposals   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Prevent CEO from Presiding Over Board Meetings   SH   Against   For
Voter Rationale: In line with ISS, TDAM is of the view that separating the CEO and board chairman is preferred.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.
Amend Articles to Create a Whistle-Blowing Complaints Desk Independent of Executive Director Influence   SH   Against   For
Voter Rationale: In line with ISS, this amendment exhibits good corporate governance practices and increases shareholder value.
Policy Rationale: TDAM will evaluate this item on a case-by-case basis.

Takeda Pharmaceutical Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
4502    26-Jun-12    Japan    J8129E108    Annual    31-Mar-12

 

CUSIP: J8129E108    ISIN: JP3463000004    SEDOL: 6870445

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 90   Mgmt   For   For
Elect Director Hasegawa, Yasuchika   Mgmt   For   For
Elect Director Yoshida, Toyoji   Mgmt   For   For
Elect Director Yamanaka, Yasuhiko   Mgmt   For   For
Elect Director Frank Morich   Mgmt   For   For
Elect Director Yamada, Tadataka   Mgmt   For   For
Elect Director Sudo, Fumio   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Iwasaki, Masato   Mgmt   For   For
Elect Director Deborah Dunsire   Mgmt   For   For
Appoint Statutory Auditor Takeda, Naohisa   Mgmt   For   For
Appoint Statutory Auditor Fujinuma, Tsuguoki   Mgmt   For   For

Takeda Pharmaceutical Co. Ltd.

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Annual Bonus Payment to Directors   Mgmt   For   For

Sony Corporation

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6758    27-Jun-12    Japan    J76379106    Annual    31-Mar-12

 

CUSIP: J76379106    ISIN: JP3435000009    SEDOL: 6821506

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Hirai, Kazuo   Mgmt   For   For
Elect Director Chuubachi, Ryoji   Mgmt   For   For
Elect Director Kato, Masaru   Mgmt   For   For
Elect Director Howard Stringer   Mgmt   For   For
Elect Director Peter Bonfield   Mgmt   For   For
Elect Director Yasuda, Ryuuji   Mgmt   For   For
Elect Director Uchinaga, Yukako   Mgmt   For   For
Elect Director Yahagi, Mitsuaki   Mgmt   For   For
Elect Director Tsun-Yan Hsieh   Mgmt   For   For
Elect Director Roland A. Hernandez   Mgmt   For   For
Elect Director Anraku, Kanemitsu   Mgmt   For   For
Elect Director Kojima, Yorihiko   Mgmt   For   For
Elect Director Nagayama, Osamu   Mgmt   For   For
Elect Director Nimura, Takaaki   Mgmt   For   For
Approve Stock Option Plan   Mgmt   For   For

VeriFone Systems, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
PAY    27-Jun-12    USA    92342Y109    Annual    04-May-12

 

CUSIP: 92342Y109    ISIN: US92342Y1091    SEDOL: B07RH68

VeriFone Systems, Inc.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Robert W. Alspaugh   Mgmt   For   For
Elect Director Douglas G. Bergeron   Mgmt   For   For
Elect Director Dr. Leslie G. Denend   Mgmt   For   For
Elect Director Alex W. Hart   Mgmt   For   For
Elect Director Robert B. Henske   Mgmt   For   For
Elect Director Richard A. McGinn   Mgmt   For   For
Elect Director Eitan Raff   Mgmt   For   For
Elect Director Jeffrey E. Stiefler   Mgmt   For   For
Advisory Vote to Ratify Named Executive Officers’ Compensation   Mgmt   For   For
Ratify Auditors   Mgmt   For   For

Fanuc Corp.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
6954    28-Jun-12    Japan    J13440102    Annual    31-Mar-12

 

CUSIP: J13440102    ISIN: JP3802400006    SEDOL: 6356934

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, With a Final Dividend of JPY 99.01   Mgmt   For   For
Elect Director Inaba, Yoshiharu   Mgmt   For   For
Elect Director Yamaguchi, Kenji   Mgmt   For   For
Elect Director Gonda, Yoshihiro   Mgmt   For   For
Elect Director Richard E. Schneider   Mgmt   For   For
Elect Director Uchida, Hiroyuki   Mgmt   For   For
Elect Director Matsubara, Shunsuke   Mgmt   For   For
Elect Director Kosaka, Tetsuya   Mgmt   For   For
Elect Director Kohari, Katsuo   Mgmt   For   For
Elect Director Okada, Toshiya   Mgmt   For   For
Elect Director Hiramoto, Kazuyuki   Mgmt   For   For
Elect Director Olaf C. Gehrels   Mgmt   For   For

Fanuc Corp.

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Aoyama, Kazunari   Mgmt   For   For
Elect Director Ito, Takayuki   Mgmt   For   For
Elect Director Yamada, Yuusaku   Mgmt   For   For
Elect Director Hishikawa, Tetsuo   Mgmt   For   For
Elect Director Noda, Hiroshi   Mgmt   For   For
Appoint Statutory Auditor Harada, Hajime   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8306    28-Jun-12    Japan    J44497105    Annual    31-Mar-12

 

CUSIP: J44497105    ISIN: JP3902900004    SEDOL: 6335171

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 6 for Ordinary Shares   Mgmt   For   For
Elect Director Okihara, Takamune   Mgmt   For   For
Elect Director Okauchi, Kinya   Mgmt   For   For
Elect Director Nagayasu, Katsunori   Mgmt   For   For
Elect Director Tanaka, Masaaki   Mgmt   For   For
Elect Director Yuuki, Taihei   Mgmt   For   For
Elect Director Hamakawa, Ichiro   Mgmt   For   For
Elect Director Kagawa, Akihiko   Mgmt   For   For
Elect Director Toyoizumi, Toshiro   Mgmt   For   For
Elect Director Hirano, Nobuyuki   Mgmt   For   For
Elect Director Teraoka, Shunsuke   Mgmt   For   For
Elect Director Wakabayashi, Tatsuo   Mgmt   For   For
Elect Director Araki, Saburo   Mgmt   For   For
Elect Director Noguchi, Hiroyuki   Mgmt   For   For
Elect Director Tokunari, Muneaki   Mgmt   For   For
Elect Director Araki, Ryuuji   Mgmt   For   For

Mitsubishi UFJ Financial Group

 

  Proponent   Mgmt Rec   Vote Instruction
Elect Director Watanabe, Kazuhiro   Mgmt   For   For
Elect Director Otoshi, Takuma   Mgmt   For   For

Nintendo Co. Ltd.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
7974    28-Jun-12    Japan    J51699106    Annual    31-Mar-12

 

CUSIP: J51699106    ISIN: JP3756600007    SEDOL: 6639550

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 100   Mgmt   For   For
Elect Director Iwata, Satoru   Mgmt   For   For
Elect Director Mori, Yoshihiro   Mgmt   For   For
Elect Director Hatano, Shinji   Mgmt   For   For
Elect Director Takeda, Genyo   Mgmt   For   For
Elect Director Miyamoto, Shigeru   Mgmt   For   For
Elect Director Matsumoto, Masaharu   Mgmt   For   For
Elect Director Suzuki, Eiichi   Mgmt   For   For
Elect Director Kimishima, Tatsumi   Mgmt   For   For
Elect Director Takemura, Kaoru   Mgmt   For   For
Appoint Statutory Auditor Ueda, Minoru   Mgmt   For   For
Appoint Statutory Auditor Toyoda, Ken   Mgmt   For   For
Appoint Statutory Auditor Mitamura, Yoshimi   Mgmt   For   For
Appoint Statutory Auditor Umeyama, Katsuhiro   Mgmt   For   For

Sumitomo Mitsui Financial Group, Inc.

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
8316    28-Jun-12    Japan    J7771X109    Annual    31-Mar-12

 

CUSIP: J7771X109    ISIN: JP3890350006    SEDOL: 6563024

 

  Proponent   Mgmt Rec   Vote Instruction
Approve Allocation of Income, with a Final Dividend of JPY 50   Mgmt   For   For
Elect Director Miyata, Koichi   Mgmt   For   For
Elect Director Kurumatani, Nobuaki   Mgmt   For   For
Elect Director Yokoyama, Yoshinori   Mgmt   For   For
Appoint Statutory Auditor Yamaguchi, Yoji   Mgmt   For   For
Appoint Statutory Auditor Tsuruta, Rokuro   Mgmt   For   For

Tesco plc

 

Ticker    Meeting Date    Country    Security ID    Meeting Type    Record Date
TSCO    29-Jun-12    United Kingdom    G87621101    Annual    27-Jun-12

 

CUSIP: G87621101    ISIN: GB0008847096    SEDOL: 0884709

 

  Proponent   Mgmt Rec   Vote Instruction
Accept Financial Statements and Statutory Reports   Mgmt   For   For
Approve Remuneration Report   Mgmt   For   For
Approve Final Dividend   Mgmt   For   For
Elect Sir Richard Broadbent as Director   Mgmt   For   For
Elect Deanna Oppenheimer as Director   Mgmt   For   For
Re-elect Philip Clarke as Director   Mgmt   For   For
Re-elect Gareth Bullock as Director   Mgmt   For   For
Re-elect Patrick Cescau as Director   Mgmt   For   For
Re-elect Stuart Chambers as Director   Mgmt   For   For
Re-elect Karen Cook as Director   Mgmt   For   For
Re-elect Ken Hanna as Director   Mgmt   For   For
Re-elect Andrew Higginson as Director   Mgmt   For   For
Re-elect Ken Hydon as Director   Mgmt   For   For
Re-elect Tim Mason as Director   Mgmt   For   For

Tesco plc

 

  Proponent   Mgmt Rec   Vote Instruction
Re-elect Laurie Mcllwee as Director   Mgmt   For   For
Re-elect Lucy Neville-Rolfe as Director   Mgmt   For   For
Re-elect Jacqueline Bakker as Director   Mgmt   For   For
Reappoint PricewaterhouseCoopers LLP as Auditors   Mgmt   For   For
Authorise Board to Fix Remuneration of Auditors   Mgmt   For   For
Authorise Issue of Equity with Pre-emptive Rights   Mgmt   For   For
Authorise Issue of Equity without Pre-emptive Rights   Mgmt   For   For
Authorise Market Purchase of Ordinary Shares   Mgmt   For   For
Approve EU Political Donations and Expenditure   Mgmt   For   For
Authorise the Company to Call EGM with Two Weeks’ Notice   Mgmt   For   For

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)       db-X Exchange-Traded Funds Inc.

 

By:  

/s/ Alex N. Depetris

Name:   Alex N. Depetris
Title:   President
Date:   August 2, 2012