spdr msci australia select high dividend yield fund · rights to martin sheppard, managing director...
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1 July 2016 to 30 June 2017
SPDR® MSCI Australia Select High Dividend Yield Fund Proxy Voting Record
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
AusNet Services
Meeting Date: 07/21/2016
Record Date: 07/19/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q0708Q109
Ticker: AST
Primary CUSIP: Q8604X102
Shares Voted: 945,309
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Peter Mason as Director 2a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt AgainstAgainstForElect Tan Chee Meng as Director 2b Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Nino Ficca, Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5 Yes
Voting Policy Rationale: A vote AGAINST this resolution is warranted because- There is sufficient head room in the existing fee cap to facilitate the appointment of two additional directors to facilitate succession planning, and- The proposed increase would see the amount available in the fee cap to increase from $250,000 to $750,000 which is considered substantial.
Mgmt ForForForApprove the Issue of Shares Up to 10 Percent Pro Rata
6 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares with preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Issuance of Shares Pursuant to the Dividend Reinvestment Plan
7 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Mgmt ForForForApprove the Issuance of Shares Pursuant to an Employee Incentive Scheme
8 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Macquarie Group Limited
Meeting Date: 07/28/2016
Record Date: 07/26/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q57085286
Ticker: MQG
Primary CUSIP: Q57085104
Shares Voted: 102,978
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of RSUs and PSUs to Nicholas Moore, Managing Director and Chief Executive Officer of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect MJ Hawker as Director 4a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect MJ Coleman as Director 4b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForRatify the Past Issuance of Shares 5a No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForRatify the Past Issuance of Macquarie Group Capital Notes 2
5b No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Suncorp Group Ltd.
Meeting Date: 09/22/2016
Record Date: 09/20/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q88040110
Ticker: SUN
Primary CUSIP: Q8802S103
Shares Voted: 557,428
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Suncorp Group Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Michael Cameron, Chief Executive Officer and Managing Director of the Company
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect Sally Herman as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
4 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure shareholders have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
ASX Ltd.
Meeting Date: 09/28/2016
Record Date: 09/26/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q0604U105
Ticker: ASX
Primary CUSIP: Q0604U105
Shares Voted: 105,221
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
3a Elect Ken Henry as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Melinda Conrad as Director 3b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 4 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Dominic Stevens, Managing Director and CEO of the Company
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Telstra Corporation Limited
Meeting Date: 10/11/2016
Record Date: 10/09/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8975N105
Ticker: TLS
Primary CUSIP: Q8975N105
Shares Voted: 1,323,116
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
3a Elect Craig Dunn as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Jane Hemstritch as Director 3b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Nora Scheinkestel as Director 3c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights to Andrew Penn, Chief Executive Officer of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Remuneration Report 5 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Aurizon Holdings Ltd.
Meeting Date: 10/18/2016
Record Date: 10/16/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q0695Q104
Ticker: AZJ
Primary CUSIP: N/A
Shares Voted: 1,153,878
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Russell Caplan as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Michael Fraser as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Aurizon Holdings Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Kate Vidgen as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Spotless Group Holdings Ltd.
Meeting Date: 10/20/2016
Record Date: 10/18/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8695D106
Ticker: SPO
Primary CUSIP: Q86963107
Shares Voted: 617,083
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Diane Grady as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Nick Sherry as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Julie Coates as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForApprove the Remuneration Report 3 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Mgmt AgainstAgainstForApprove the Grant of Options and Share Rights to Martin Sheppard, Managing Director and Chief Executive Officer of the Company
4 Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure.
Insurance Australia Group Ltd.
Meeting Date: 10/21/2016
Record Date: 10/19/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q49361100
Ticker: IAG
Primary CUSIP: Q49361100
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Insurance Australia Group Ltd.
Shares Voted: 1,264,811
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Non-Executive Director Share Rights Plan
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Deferred Award Rights and Executive Performance Rights to Peter Harmer, Managing Director and Chief Executive Officer of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect Hugh Fletcher as Director 4 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Philip Twyman as Director 5 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForRatify the Past Issuance of Notes to Institutional Investors and New Zealand Retail Investors
6 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForForApprove the Selective Buy-Back of Convertible Preference Shares
7 No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Super Retail Group Ltd.
Meeting Date: 10/24/2016
Record Date: 10/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q88009107
Ticker: SUL
Primary CUSIP: Q88006103
Shares Voted: 79,067
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Super Retail Group Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect 'Raymond' John Skippen as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Launa Karen Inman as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Diana Jane Eilert as Director 5 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Rights to Peter Birtles, Managing director and Chief Executive Officer of the Company
6 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Bendigo and Adelaide Bank Ltd.
Meeting Date: 10/25/2016
Record Date: 10/23/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q1458B102
Ticker: BEN
Primary CUSIP: Q1456C110
Shares Voted: 269,941
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Elect Jan Harris as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Rob Hubbard as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Jim Hazel as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect David Matthews as Director 5 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Robert Johanson as Director 6 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Bendigo and Adelaide Bank Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Remuneration Report 7 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights and Deferred Shares to the Managing Director
8 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mcmillan Shakespeare Ltd
Meeting Date: 10/25/2016
Record Date: 10/23/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q58998107
Ticker: MMS
Primary CUSIP: Q58998107
Shares Voted: 39,949
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as SSGA has concerns with the proposed remuneration structure for senior executives at the company.
Mgmt ForForForElect John Bennetts as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ian Elliot as Director 4 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Sue Dahn as Director 5 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
6 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
APA Group
Meeting Date: 10/27/2016
Record Date: 10/25/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q0437B100
Ticker: APA
Primary CUSIP: Q0437B100
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
APA Group
Shares Voted: 626,081
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Steven Crane as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect John Fletcher as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Ardent Leisure Group
Meeting Date: 10/27/2016
Record Date: 10/25/2016
Country: Australia
Meeting Type: Annual/Special
Primary Security ID: Q0499P104
Ticker: AAD
Primary CUSIP: Q0499P104
Shares Voted: 253,513
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Roger Davis as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Don Morris as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Long Term Incentive Plan 4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Deborah Thomas Under the Deferred Short Term Incentive Plan
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Deborah Thomas Under the Long Term Incentive Plan
6 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Ardent Leisure Group
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Change of Company Name to Main Event Entertainment Limited
7 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that no corporate governance concerns have been identified.
JB Hi-Fi Limited
Meeting Date: 10/27/2016
Record Date: 10/25/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q5029L101
Ticker: JBH
Primary CUSIP: Q5029L101
Shares Voted: 64,017
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For Against Against Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Mgmt ForForForElect Stephen Goddard as Director 3a No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Greg Richards as Director 3b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Richard Uechtritz as Director 3c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForApprove the Grant of Options to Richard Murray
4 Yes
Voting Policy Rationale: This item does not merit support as the company's compensation plans allow for retesting of performance-based awards.
Downer EDI Ltd.
Meeting Date: 11/03/2016
Record Date: 11/01/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q32623151
Ticker: DOW
Primary CUSIP: Q32623151
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Downer EDI Ltd.
Shares Voted: 243,397
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Teresa Handicott as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Annabelle Chaplain as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Grant Thorne as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Grant Fenn, Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Mgmt AgainstAgainstAgainstApprove the Spill Resolution 6 No
Voting Policy Rationale: A vote AGAINST this resolution is warranted because the Company has taken steps to address concerns that were raised with respect to remuneration arrangements in FY15. In addition, performance and governance arrangements are reasonable. A board spill at this time is therefore unlikely to be in shareholders' interests.
Fairfax Media Ltd.
Meeting Date: 11/03/2016
Record Date: 11/01/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q37116102
Ticker: FXJ
Primary CUSIP: Q37116102
Shares Voted: 1,293,057
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Patrick Allaway as Director Mgmt For Against Against Yes
Voting Policy Rationale: The director nominee is non-independent and sits on the Audit Committee.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Fairfax Media Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Sandra McPhee as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines,
Mgmt ForForForElect Linda Nicholls as Director 3 No
Voting Policy Rationale: The director nominee merits support per voting guidelines,
Mgmt ForForForApprove the Grant of Performance Shares and Performance Rights to Gregory Wood, Chief Executive Officer and Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Remuneration Report 5 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Perpetual Ltd.
Meeting Date: 11/03/2016
Record Date: 11/01/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q9239H108
Ticker: PPT
Primary CUSIP: Q9239H108
Shares Voted: 24,861
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Philip Bullock as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Sylvia Falzon as Director 2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Commonwealth Bank Of Australia
Meeting Date: 11/09/2016
Record Date: 11/07/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q26915100
Ticker: CBA
Primary CUSIP: Q26915100
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Commonwealth Bank Of Australia
Shares Voted: 192,661
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Shirish Apte as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect David Higgins as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Brian Long as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Catherine Livingstone as Director 2d No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Mary Padbury as Director 2e No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the of Reward Rights to Ian Narev, Chief Executive Officer and Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Wesfarmers Ltd.
Meeting Date: 11/10/2016
Record Date: 11/08/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q95870103
Ticker: WES
Primary CUSIP: Q95870103
Shares Voted: 175,670
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Anthony (Tony) John Howarth as Director
Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Wayne G. Osborn Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Wesfarmers Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect Vanessa M. Wallace as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Jennifer A. Westacott as Director 2d No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Richard Goyder, Group Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Rights to Terry Bowen, Finance Director of the Company
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Lendlease Group
Meeting Date: 11/11/2016
Record Date: 11/09/2016
Country: Australia
Meeting Type: Annual/Special
Primary Security ID: Q55368114
Ticker: LLC
Primary CUSIP: Q55368114
Shares Voted: 310,250
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect David Craig as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect David Ryan as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Michael Ullmer as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Nicola Wakefield Evans as Director 2d No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Lendlease Group
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Allocations of Performance Securities and Deferred Securities to Stephen McCann, Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Adoption of a New Constitution 5 Yes
Voting Policy Rationale: The proposal did not merit support as the amendment could result in diminishing shareholder rights.
Harvey Norman Holdings Ltd.
Meeting Date: 11/14/2016
Record Date: 11/12/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q4525E117
Ticker: HVN
Primary CUSIP: Q4525E117
Shares Voted: 312,225
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Financial Statements and Reports of the Directors and Auditor
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 2 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove Declaration of Final Dividend 3 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per SSGA's voting guidelines.
Mgmt ForForForElect Kay Lesley Page as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Kenneth William Gunderson-Briggs as Director
5 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt AgainstAgainstForElect David Matthew Ackery as Director 6 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Harvey Norman Holdings Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt AgainstAgainstForApprove the Amendments to the Company's Constitution - Variation of Rights
7 Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Mgmt AgainstAgainstForApprove the Amendments to the Company's Constitution - Alteration of Share Capital
8 Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Mgmt ForForForApprove the Amendments to the Company's Constitution - Dividends
9 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt AgainstAgainstForApprove the Amendments to the Company's Constitution - Capitalization Profits
10 Yes
Voting Policy Rationale: This item does not merit support due to concerns with the terms of the proposal.
Mgmt ForForForApprove the Amendments to the Company's Constitution
11 No
Voting Policy Rationale: SSGA broadly supports amendments to a company's Articles/Bylaws/Charter that do not negatively impact its rights as a shareholder.
Platinum Asset Management Ltd
Meeting Date: 11/17/2016
Record Date: 11/15/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q7587R108
Ticker: PTM
Primary CUSIP: Q7587R108
Shares Voted: 133,904
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Elect Anne Loveridge as Director Mgmt For Against Against Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents. The director nominee is non-independent and sits on the Audit Committee. SSGA does not support the director nominee, who is a member of the audit committee, due to concerns with the level of non-audit fees paid to the company's external auditor.
Mgmt AgainstAgainstForElect Andrew Clifford as Director 2 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents.
Mgmt AgainstAgainstForElect Elizabeth Norman as Director 3 Yes
Voting Policy Rationale: SSGA does not support the election of a director nominee who is not independent at ASX 300 companies where the full board is comprised of less than 50% independents.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Platinum Asset Management Ltd
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Remuneration Report 4 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Automotive Holdings Group Ltd
Meeting Date: 11/18/2016
Record Date: 11/16/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q1210C141
Ticker: AHG
Primary CUSIP: Q1210C109
Shares Voted: 123,248
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1.1 Elect David Griffiths as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Jane McKellar as Director 1.2 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Amended AHG Performance Rights Plan
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Grant of Performance Right to Bronte Howson
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt AgainstAgainstForApprove the Termination Package of Bronte Howson
4 Yes
Voting Policy Rationale: This item does not merit support as the terms of the agreement are considered excessive or are not in the long-term interest of shareholders.
Mgmt ForForForApprove the Grant of Performance Right to John McConnell
5 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForNoneApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
6 No
Voting Policy Rationale: A vote FOR the resolution is warranted because there is limited headroom available and no material governance issues have been identified.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Automotive Holdings Group Ltd
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForRatify the Past Issuance of Shares to Eligible Institutional, Sophisticated and Professional Investors
7 No
Voting Policy Rationale: This item requests that shareholders authorize the board to issue shares without preemptive rights. Support for this ballot item is warranted as the requested authorization is within the allowable limits of SSGA's voting guidelines.
Mgmt ForForNoneApprove the Remuneration Report 8 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
IOOF Holdings Ltd.
Meeting Date: 11/24/2016
Record Date: 11/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q49809108
Ticker: IFL
Primary CUSIP: Q49809108
Shares Voted: 151,768
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Allan Griffiths as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect John Selak as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Christopher Kelaher, Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Woolworths Ltd.
Meeting Date: 11/24/2016
Record Date: 11/22/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q98418108
Ticker: WOW
Primary CUSIP: Q98418108
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Woolworths Ltd.
Shares Voted: 338,952
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Holly Kramer as Director Mgmt For For For No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Siobhan McKenna as Director 2b No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForElect Kathee Tesija as Director 2c No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Mgmt ForForForApprove the Grant of Performance Share Rights to Brad Banducci, Managing Director and Chief Executive Officer of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Remuneration Report 4 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Primary Health Care Ltd.
Meeting Date: 11/25/2016
Record Date: 11/23/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q77519108
Ticker: PRY
Primary CUSIP: Q77519108
Shares Voted: 292,971
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt AgainstAgainstForElect Paul Jones as Director 3 Yes
Voting Policy Rationale: The director nominee is non-independent and sits on the Audit Committee.
Mgmt ForForForElect Errol Katz as Director 4 No
Voting Policy Rationale: The director nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Primary Health Care Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Renewal of the Proportional Takeover Provisions
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Westpac Banking Corporation
Meeting Date: 12/09/2016
Record Date: 12/07/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q97417101
Ticker: WBC
Primary CUSIP: Q97417101
Shares Voted: 495,293
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Equity Awards to Brian Hartzer, Managing Director and Chief Executive Officer of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect Ewen Crouch as Director 4a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Peter Marriott as Director 4b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Australia and New Zealand Banking Group Ltd.
Meeting Date: 12/16/2016
Record Date: 12/14/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q09504137
Ticker: ANZ
Primary CUSIP: Q09504137
Shares Voted: 547,514
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2 Approve the Remuneration Report Mgmt For For For No
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Australia and New Zealand Banking Group Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Shayne Elliot, Chief Executive Officer of the Company
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect S. J. Halton as Director 4a No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect G. R. Liebelt as Director 4b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
National Australia Bank Limited
Meeting Date: 12/16/2016
Record Date: 12/14/2016
Country: Australia
Meeting Type: Annual
Primary Security ID: Q65336119
Ticker: NAB
Primary CUSIP: Q65336119
Shares Voted: 538,091
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Anthony Yuen as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Philip Chronican as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Douglas McKay as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Andrew Thorburn, Group Chief Executive Officer
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Macquarie Atlas Roads Ltd.
Meeting Date: 04/13/2017
Record Date: 04/11/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q568A7101
Ticker: MQA
Primary CUSIP: N/A
Shares Voted: 236,338
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Annual Meeting Agenda of Macquarie Atlas Roads Limited
Mgmt
Mgmt ForForForApprove the Remuneration Report 1 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Richard England as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
MgmtAnnual Meeting Agenda of Macquarie Atlas Roads International Limited
Mgmt ForForForAppoint PricewaterhouseCoopers as Auditor of the Company
1 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForElect Nora Scheinkestel as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect James Keyes as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Sigma Pharmaceuticals Ltd.
Meeting Date: 05/03/2017
Record Date: 05/01/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8484A107
Ticker: SIP
Primary CUSIP: Q8484A107
Shares Voted: 532,499
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
3 Approve the Adoption of the Remuneration Report
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Sigma Pharmaceuticals Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect David Bayes as Director 4.1 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ray Gunston as Director 4.2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Renewal of Proportional Takeover Provision
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that the passing of this resolution will ensure that shareholders will have an ability to vote to accept or reject a proportional takeover bid. This is superior to any potential disadvantages that may arise from such a constitutional inclusion.
Mgmt ForForForApprove the Change of Company Name to Sigma Healthcare Limited
6 No
Voting Policy Rationale: A vote FOR this resolution is warranted on the basis that no corporate governance concerns have been identified.
Rio Tinto Ltd.
Meeting Date: 05/04/2017
Record Date: 05/02/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q81437107
Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 122,618
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Financial Statements and Reports of the Directors and Auditor
Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove Remuneration Policy Report for UK Law Purposes
2 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Potential Termination of Benefits for Australian Law Purposes
4 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Mgmt ForForForElect Megan Clark as Director 5 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Rio Tinto Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForElect David Constable as Director 6 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Jan du Plessis as Director 7 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ann Godbehere as Director 8 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Simon Henry as Director 9 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Jean-Sebastien Jacques as Director 10 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Sam Laidlaw as Director 11 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Michael L'Estrange as Director 12 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Chris Lynch as Director 13 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Paul Tellier as Director 14 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Simon Thompson as Director 15 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect John Varley as Director 16 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForAppoint PricewaterhouseCoopers LLP as Auditors of the Company
17 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForAuthorize Board to Fix Remuneration of the Auditors
18 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support as per voting guidelines.
Mgmt ForForForApprove Political Donations 19 No
Voting Policy Rationale: A vote FOR this resolution is warranted because the Company states that it does not intend to make overtly political payments but is making this technical proposal in order to avoid inadvertent contravention of UK legislation.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Rio Tinto Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove the Renewal of Off- Market and On-Market Share Buyback Authorities
20 No
Voting Policy Rationale: SSGA supports corporate stock repurchases as they can add to long-term shareholder returns if executed at the right time/ price and are within limits.
Woodside Petroleum Ltd.
Meeting Date: 05/05/2017
Record Date: 05/03/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: 980228100
Ticker: WPL
Primary CUSIP: 980228100
Shares Voted: 239,274
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Michael Chaney as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Lawrence Archibald as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ian Macfarlane as Director 2c No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt AgainstAgainstAgainstApprove the Conditional Spill Resolution 4 No
Voting Policy Rationale: This item does not merit support due to concerns with the specific terms of the proposals.
Spark Infrastructure Group
Meeting Date: 05/23/2017
Record Date: 05/21/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8604W120
Ticker: SKI
Primary CUSIP: Q8604W120
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Spark Infrastructure Group
Shares Voted: 745,782
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Management Proposals Mgmt
Mgmt AgainstAgainstForElect Anne McDonald as Director 1 Yes
Voting Policy Rationale: SSGA does not support the director nominee, who is a member of the audit committee, due to concerns with the level of non-audit fees paid to the company's external auditor.
Mgmt ForForForElect Greg Martin as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
MgmtShareholder Proposal
SH AgainstAgainstAgainstElect James Dunphy as Director 3 No
Voting Policy Rationale: The director nominee did not merit support.
MgmtManagement Proposals
Mgmt ForForForApprove the Grant of Performance Rights to Rick Francis
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove the Remuneration Report 5 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt AgainstAgainstAgainstApprove the Conditional Spill Resolution 6 No
Voting Policy Rationale: This item does not merit support due to concerns with the specific terms of the proposals.
G8 Education Limited
Meeting Date: 05/29/2017
Record Date: 05/27/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q3973C110
Ticker: GEM
Primary CUSIP: Q3318R103
Shares Voted: 168,364
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Remuneration Report Mgmt For For For No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
G8 Education Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForForApprove G8 Education Executive Incentive Plan
2 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForApprove Grant of Performance Rights to Gary Carroll
3 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Mgmt ForForForElect Brian Hilton Bailison as Director 4 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5 No
Voting Policy Rationale: A vote FOR this resolution is warranted as no material governance issues have been identified.
Sydney Airport
Meeting Date: 05/30/2017
Record Date: 05/28/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q8808P103
Ticker: SYD
Primary CUSIP: Q5763C127
Shares Voted: 1,065,548
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Sydney Airport Limited (SAL) Meeting Mgmt
Mgmt ForForForApprove Remuneration Report 1 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForElect Stephen Ward as Director 2 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Ann Sherry as Director 3 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove Termination of Benefits to Kerrie Mather
4 No
Voting Policy Rationale: In the absence of significant concerns, this item merits support per voting guidelines.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Sydney Airport
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
Mgmt ForForNoneApprove the Increase in Maximum Aggregate Remuneration of Non-Executive Directors
5 No
Voting Policy Rationale: A qualified vote FOR this resolution is warranted given the Board has made its case that the increase:- will provide scope to proceed with its renewal agenda, necessary to address the non-independence of the Board; and,- is not intended to be used to increase the remuneration of the current directors in FY17.Nevertheless, the level of the increase sought is significant, taking the surplus capacity in the total NED fee cap to about $825,750. This may be regarded as excessive, where a large number of proposals see with other ASX-listed entities have sought increases in the range of $200,000 and $300,000.
MgmtSydney Airport Trust 1 (SAT1) Meeting
Mgmt ForForForElect Patrick Gourley as Director 1 No
Voting Policy Rationale: The nominee merits support per voting guidelines.
CSR Limited
Meeting Date: 06/23/2017
Record Date: 06/21/2017
Country: Australia
Meeting Type: Annual
Primary Security ID: Q30297115
Ticker: CSR
Primary CUSIP: Q30297115
Shares Voted: 237,807
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
2a Elect Christine Holman as Director Mgmt For For For No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForElect Mike Ihlein as Director 2b No
Voting Policy Rationale: The nominee merits support per voting guidelines.
Mgmt ForForForApprove the Remuneration Report 3 No
Voting Policy Rationale: In the absence of significant concerns, this proposal merits support.
Mgmt ForForForApprove the Grant of Performance Rights to Rob Sindel, Managing Director of the Company
4 No
Voting Policy Rationale: This item merits support as the size of the requested authorization, the resulting level of potential dilution and the terms of the plan are reasonable.
Vote Summary ReportReporting Period: 07/01/2016 to 06/30/2017
Location(s): All Locations
Institution Account(s): SPDR MSCI Australia Select High Dividend Yield Fund
Rio Tinto Ltd.
Meeting Date: 06/29/2017
Record Date: 06/27/2017
Country: Australia
Meeting Type: Special
Primary Security ID: Q81437107
Ticker: RIO
Primary CUSIP: Q81437107
Shares Voted: 128,689
Voting Policy: SSGA
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Vote Against Mgmt
1 Approve the Proposed Disposal of Coal & Allied Industries Limited
Mgmt For For For No
Voting Policy Rationale: A vote FOR disposal of Coal & Allied is warranted given that:- The value of consideration offered is between $2,296 million and $2,386 million, which exceeds the Independent Expert's valuation of between $1,820 million and $2,173 million on a controlling basis.- The Independent Expert states that the Transaction is fair and reasonable to non-associated shareholders opining that,"[w]e expect there are few other potential acquirers who could extract the same value out of the Coal & Allied assets as Yancoal".- The Board of Directors has unanimously recommended that non-associated shareholders, in the absence of a superior proposal, vote in favour of the Transaction;- The Transaction is the result of a competitive sale process;- The disposal of Coal & Allied is consistent with Rio Tinto's overall coal divestment strategy; and,- No material corporate governance concerns have been identified in respect of the associated shareholders.
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