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Pensioenfonds PNO Media votes at the meetings of all companies in which it has shareholdings world-wide.

PNO Media Voting Disclosure

PictureThis is a brief description of votes cast by PNO Media up to the third quarter of 2011, based on advice and analysis provided by Hermes Equity Ownership Services (EOS). Underlying this summary information is a substantial amount of work by EOS, which has contacted many companies during this period in order to address and resolve concerns.

PNO Media will always support the recommendations of a company's board unless it has a good reason not to do so. All voting decisions are taken in the best interests of the fund's beneficiaries as long term shareowners.



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