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Expert Corporate Governance Service (ECGS)
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Unilever NV - AGM 01 May 2019

In general, Unilever NV (Unilever) is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting.

Under ITEM 3, approval is sought for the Company's remuneration report. As the maximum variable salary, in aggregate corresponding to 852% of annual base salary, substantially exceeds the threshold of 300% of annual base salary under its guidelines, ECGS recommends to vote OPPOSE.

Under ITEMS 6-19, it is proposed to (re-)elect the board of directors.

In view of concerns over aggregate time commitments, ECGS recommends to vote OPPOSE to the re-election of: Mr. Nils Smedegaard Andersen (ITEM 6) and Ms. Judith Hartmann (ITEM 10).

There are no further peculiarities.

Underlying
Unilever N.V. CVA

Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.

Provider
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

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Expert Corporate Governance Service (ECGS)

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