Proxy Voting Current-state process depiction Distribute proxy statement Review proxy statement Cast vote 3 Provide beneficial investor information in Proxy Cast partnership with the statements vote Depository Trust & Intermediaries Clearing Corporation or 4 5 6 7 Online or 1 or Third party Online Mail Investors Analyse potential Investors Third Results 2 voting impact or party released Corporation Provide notice that proxy statements are Mail Regulator accessible by investors Current-state process description 1 The corporation develops a proxy statement 4 Investors analyse the proxy statement to 5 Investors cast their vote directly to the third- internally in partnership with various teams, determine the potential impact of the votes party organization either online or by mail or including general counsel and accounting being solicited during a corporation’s phone 2 The corporation simultaneously provides a shareholder meeting 6 Results are not shared with investors or the third-party organization with the documents corporation throughout the voting process to distribute to shareholders (via online and 7 During the shareholder meeting, votescast mail) and notifies the regulator that the by attendees are aggregated with those proxy statement is available submitted by proxy and announced 3 The third-partyorganization works with intermediaries to obtain beneficial investor information that may not be available WORLD ECONOMIC FORUM | 2016 104