2012 Calendar Year
The following statistics relate to proposals that were voted:
Support for Management and Shareholder Proposals
Management Proposals
Shareholder Proposals
1. Dimensional votes proxies where it is feasible and economical to do so. We may not vote in markets that have share-blocking, re-registration or other practices which impair our ability to sell voted shares. In addition, we consider the costs associated with voting (per vote charges, meeting representation fees, etc.) and vote in instances where the expected economic benefit of voting outweighs the costs, for a given portfolio.
2. Procedural matters are typically routine items such as auditor ratifications, approval of statutory reports, etc.
Voting Summary
- Dimensional's US-based mutual funds received proxy ballots for 11,268 distinct company meetings, with 480,601 votable proposals.
- Of these, we voted 468,440 proposals (97%) at 10,773 company meetings.1
Proposal Count, By Vote Instruction
Issues Voted Upon
The following statistics relate to proposals that were voted:
- Excluding procedural matters2, board directorships (60%) and compensation (11%) were the most common matters voted upon.
- Shareholder proposals represented 3% of all proposals.
Proposals Voted On, By Issue
Management Proposals
| Proposal Type | Number of Proposals Voted | Percentage Voted For | Percentage Voted Against |
|---|---|---|---|
| Related to Directors | 274,187 | 90.0% | 10.0% |
| Procedural Matters | 87,895 | 95.1% | 4.9% |
| Compensation | 52,172 | 80.7% | 19.3% |
| Capitalization | 25,858 | 73.1% | 26.9% |
| Reorganization and Mergers | 10,720 | 88.8% | 11.2% |
| Antitakeover Related | 4,507 | 87.8% | 12.2% |
| Preferred/Bondholder | 95 | 27.4% | 72.6% |
| Total | 455,434 | 88.9% | 11.1% |
Shareholder Proposals
| Proposal Type | Number of Proposals Voted | Percentage Voted For | Percentage Voted Against |
|---|---|---|---|
| Related to Directors | 8,961 | 55.4% | 44.6% |
| Procedural Matters | 3,080 | 33.1% | 66.9% |
| Compensation | 965 | 67.6% | 32.4% |
| Total | 13,006 | 51.0% | 49.0% |
1. Dimensional votes proxies where it is feasible and economical to do so. We may not vote in markets that have share-blocking, re-registration or other practices which impair our ability to sell voted shares. In addition, we consider the costs associated with voting (per vote charges, meeting representation fees, etc.) and vote in instances where the expected economic benefit of voting outweighs the costs, for a given portfolio.
2. Procedural matters are typically routine items such as auditor ratifications, approval of statutory reports, etc.