Aberdeen Latin America Equity Fund (LAQ) N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-06094

Aberdeen Latin America Equity Fund, Inc.

(Exact name of registrant as specified in charter)

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Address of principal executive offices) (Zip code)

Lucia Sitar, Esq.

c/o Aberdeen Asset Management Inc

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Name and address of agent for service)

Registrant’s telephone number, including area code: (866) 839-5205

Date of fiscal year end: December 31st

Date of reporting period: July 1, 2011 — June 30, 2012

PROXY VOTING RECORD

FOR PERIOD JULY 1, 2011 TO JUNE 30, 2012

Shares Voted

Company Name

Ticker

ISIN

Meeting Date

Record Date

Meeting Type

Ballot Status

Shares Available to Vote

Item Number

Proposal

Proponent

Voting Proposal (y/n)

Management Recommendation

Vote Instruction

User Notes

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

1

Verify Quorum

Management

No

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

2

Approve Meeting Agenda/Notice

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

3

Elect Meeting Approval Committee

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

4

Accept Board and Chairman’s Report

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

5

Accept Individual and Consolidated Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

6

Accept Auditor’s Report

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

7

Approve Management Report, Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

8

Approve Remuneration of Directors and its Committees

Management

Yes

For

Abstain

No disclosure was given ahead of the meeting. ISS recommended to vote against, but disclosure ahead of the meeting is not mandatory according to local regulation, so will abstain and ask further clarification from management.

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

9

Elect Directors

Management

Yes

For

Abstain

Lack of disclosure of appointed candidates and also bundled resolution which disenfranchises voting by proxy.

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

10

Appoint External Auditors

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

11.1

Approve Allocation of Income

Management

Yes

For

For

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

11.2

Approve Donations

Management

Yes

For

Abstain

No disclosure ahead of the meeting regarding amounts and proposed changes involved in this item.

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

11.3

Amend Bylaws

Management

Yes

For

Abstain

No disclosure ahead of the meeting regarding amounts and proposed changes involved in this item.

209,901

Almacenes Exito S.A.

EXITO

COG31PA00010

16-Mar-12

Annual

Confirmed

209,901

12

Other Business (Voting)

Management

Yes

For

Abstain

This is an open item which seems common practice in Colombia, for matters that come up during the meeting. Minorities voting by proxy are not able to decide on the impacts of the decision so will abstain.

9,566,310

America Movil S.A.B. de C.V.

AMXL

MXP001691213

25-Apr-12

Special

Confirmed

9,566,310

1

Elect Directors for Series L Shares

Management

Yes

For

Abstain

The names of the nominees have not been disclosed and it is a bundled resolution.

9,566,310

America Movil S.A.B. de C.V.

AMXL

MXP001691213

25-Apr-12

Special

Confirmed

9,566,310

2

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

286,000

Amil Participacoes S.A.

AMIL3

BRAMILACNOR0

19-Apr-12

Annual

Confirmed

286,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

286,000

Amil Participacoes S.A.

AMIL3

BRAMILACNOR0

19-Apr-12

Annual

Confirmed

286,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

286,000

Amil Participacoes S.A.

AMIL3

BRAMILACNOR0

19-Apr-12

Annual

Confirmed

286,000

3

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

Against

The company failed to comply with CVM rules to disclose the amount of highest paid executive and board member - we should support CVM in their efforts.

286,000

Amil Participacoes S.A.

AMIL3

BRAMILACNOR0

19-Apr-12

Special

Confirmed

286,000

1

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

286,000

Amil Participacoes S.A.

AMIL3

BRAMILACNOR0

19-Apr-12

Special

Confirmed

286,000

2

Approve New Stock Option Plan

Management

Yes

For

Against

Most terms of the proposed plan are reasonable however the exercise price may be set at up to 20% discount to market prices and the plan lacks clear performance criteria.

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

1

Accept Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2011; Present Current Company Standing Report

Management

Yes

For

For

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

2

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

3

Approve Remuneration of Directors

Management

Yes

For

Abstain

Amounts proposed for 2012 were not disclosed ahead of the meeting.

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

4

Approve Remuneration and Budget of Directors’ Committee

Management

Yes

For

Abstain

Amounts proposed for 2012 were not disclosed ahead of the meeting.

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

5

Elect External Auditor and Designate Risk Assessment Companies

Management

Yes

For

For

18,518

AntarChile S.A.

ANTARCHILE

CLP0362E1386

27-Apr-12

Annual

Confirmed

18,518

6

Other Business (Voting)

Management

Yes

For

Against

Investors voting by proxy cannot assess the impact of the proposals ahead of the meeting.

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

1

Approve Agreement to Absorb Allmaness Calcados Ltda, Shoes For U Comercio de Calcados e Acessorios Ltda, Schutz Shoes Design Comercio de Calcados Ltda, and ZZAF Industria e Comercio de Calcados Ltda

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

2

Appoint Independent Firm to Appraise Proposed Absorptions

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

3

Approve Independent Firm’s Appraisal

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

4

Approve Absorption of Allmaness Calcados Ltda, Shoes For U Comercio de Calcados e Acessorios Ltda, Schutz Shoes Design Comercio de Calcados Ltda, and ZZAF Industria e Comercio de Calcados Ltda

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

5.1

Amend Article 3

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

5.2

Amend Article 13

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

5.3

Amend Article 13, paragraph 3

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

5.4

Amend Articles 21, 37, 38, 40, 41, 43, and 44

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

31-Jan-12

Special

Confirmed

294,667

5.5

Remove Article 51

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

24-Apr-12

Special

Confirmed

294,667

1

Amend Article 38

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

24-Apr-12

Annual

Confirmed

294,667

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

24-Apr-12

Annual

Confirmed

294,667

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

24-Apr-12

Annual

Confirmed

294,667

3

Approve Capital Budget for Upcoming Fiscal Year

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

24-Apr-12

Annual

Confirmed

294,667

4

Approve Remuneration of Company’s Management

Management

Yes

For

For

294,667

Arezzo Industria e Comercio SA

ARZZ3

BRARZZACNOR3

25-May-12

Special

Confirmed

294,667

1

Approve Stock Option Plan

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1a

Amend Articles Re: Nivel 1 Regulations

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1b

Amend Articles Re: Remuneration

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1c

Amend Articles Re: Remuneration Committee

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1d

Amend Articles Re: Committees

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1e

Amend Articles Re: Regional Executives

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

3

Elect Directors

Management

Yes

For

Abstain

Although we have no issues with the company they have bundled the election of all candidates into a single voting item. Board also doesn’t have any true independents, but as a member of Nivel 1 at Bovespa they aren’t subject to a minimum board independence.

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

4

Elect Fiscal Council Members

Management

Yes

For

Abstain

Bundled resolution.

477,382

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

477,382

5

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Against

The company failed to comply with CVM rules to disclose the amount of highest paid executive and board member as we should support CVM in their efforts and generally their remuneration disclosure is opaque.

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1a

Amend Articles Re: Nivel 1 Regulations

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1b

Amend Articles Re: Remuneration

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1c

Amend Articles Re: Remuneration Committee

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1d

Amend Articles Re: Committees

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1e

Amend Articles Re: Regional Executives

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

3

Elect Directors

Management

Yes

For

Abstain

Although we have no issues with the company they have bundled the election of all candidates into a single voting item. Board also doesn’t have any true independents, but as a member of Nivel 1 at Bovespa they aren’t subject to a minimum board independence.

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

4

Elect Fiscal Council Members

Management

Yes

For

Abstain

Bundled resolution.

969,246

Banco Bradesco S.A.

BBDC4

BRBBDCACNPR8

9-Mar-12

Annual/Special

Confirmed

969,246

5

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Against

The company failed to comply with CVM rules to disclose the amount of highest paid executive and board member as we should support CVM in their efforts and generally their remuneration disclosure is opaque.

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

1

Approve Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

2

Approve Allocation of Income and Dividends of CLP 2.98 Per Share

Management

Yes

For

For

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

3

Approve Remuneration of Directors

Management

Yes

For

Abstain

Approve remuneration of directors and audit committee. No major concern regarding remuneration, but no disclosure was given on proposed increase or budget for the year

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

4

Approve Remuneration and Budget of Directors and Audit Committee

Management

Yes

For

Abstain

Approve remuneration of directors and audit committee. No major concern regarding remuneration, but no disclosure was given on proposed increase or budget for the year

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

5

Elect External Auditors

Management

Yes

For

For

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

6

Receive Directors and Audit Committee Report

Management

No

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

7

Present Special Auditors’ Report Regarding Related-Party Transactions

Management

No

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

8

Transact Other Business (Non-Voting)

Management

No

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

1

Authorize Increase in Capital via Capitalization of 30 Percent of Distributable Net Income for FY Ended Dec. 31, 2011

Management

Yes

For

For

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

2

Amend Article 5 of Bylaws Re: Capital and Shares

Management

Yes

For

For

11,208,901

Banco de Chile

CHILE

CLP0939W1081

22-Mar-12

Annual/Special

Confirmed

11,208,901

3

Adopt All Necessary Agreements to Execute Approved Resolutions

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

1

Approve Annual Report, Financial Statements and External Auditors’ Report for Fiscal Year 2011

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

3

Appoint External Auditors

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

4

Designate Risk Assessment Companies

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

5

Approve Remuneration of Directors

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

6

Receive Directors and Audit Committee’s Report; Approve Remuneration and Budget of Directors’ Committee and Audit Committee

Management

Yes

For

For

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

7

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

25,113,969

Banco Santander Chile

BSANTANDER

CLP1506A1070

24-Apr-12

Annual

Confirmed

25,113,969

8

Other Business (Voting)

Management

Yes

For

Against

Insufficient information.

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

1

Open Meeting/Verify Quorum

Management

No

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

2

Approve Meeting Agenda/Notice

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

3

Elect Meeting Approval Committee

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

4

Approve Board and Chairman Reports

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

5

Accept Individual and Consolidated Financial Statements for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

6

Accept External Auditor’s Report

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

7

Approve Financial Statements and Statutory Reports, Including External Auditor Report

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

8

Approve Allocation of Income

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

9

Approve Remuneration of Directors

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

10

Elect External Auditor for Period 2012-2014

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

11

Authorize Board to Fix Remuneration of Auditor

Management

Yes

For

For

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

12

Approve Donations

Management

Yes

For

Abstain

No details were provided regarding the amounts or beneficiaries.

179,000

Bancolombia SA

PFBCOLOM

COB07PA00037

5-Mar-12

Annual

Confirmed

179,000

13

Other Business (Voting)

Management

Yes

For

Abstain

Insufficient detail at time of voting.

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

27-Mar-12

Annual

Confirmed

515,563

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

27-Mar-12

Annual

Confirmed

515,563

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

27-Mar-12

Annual

Confirmed

515,563

3

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1a

Amend Article 5

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1b

Amend Article 46

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1c

Amend Article 47

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1d

Amend Article 48

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1e

Amend Article 64

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1f

Amend Article 67

Management

Yes

For

For

515,563

BMF Bovespa S.A. Bolsa Valores Merc Fut

BVMF3

BRBVMFACNOR3

10-Apr-12

Special

Confirmed

515,563

1g

Amend Article 79

Management

Yes

For

For

180,800

Bradespar S.A

BRAP4

BRBRAPACNPR2

27-Apr-12

Annual

Confirmed

180,800

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

180,800

Bradespar S.A

BRAP4

BRBRAPACNPR2

27-Apr-12

Annual

Confirmed

180,800

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

180,800

Bradespar S.A

BRAP4

BRBRAPACNPR2

27-Apr-12

Annual

Confirmed

180,800

3

Elect Directors

Management

Yes

For

Abstain

Bundled resolution.

180,800

Bradespar S.A

BRAP4

BRBRAPACNPR2

27-Apr-12

Annual

Confirmed

180,800

4

Elect Fiscal Council Members

Management

Yes

For

Abstain

Bundled resolution.

180,800

Bradespar S.A

BRAP4

BRBRAPACNPR2

27-Apr-12

Annual

Confirmed

180,800

5

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Against

The company did not disclose the remuneration of its highest paid executive which is not consistent with CVM’s compensation disclosure requirements.

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Annual

Confirmed

170,368

1

Approve Financial Statements and Allocation of Income

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Annual

Confirmed

170,368

2

Ratify Board of Directors Deliberations Re: Allocation of Dividends

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Annual

Confirmed

170,368

3

Elect Fiscal Council and Audit Committee Members

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Annual

Confirmed

170,368

4

Elect Alternate Director

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Special

Confirmed

170,368

1

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Special

Confirmed

170,368

2

Amend Articles

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

24-Apr-12

Special

Confirmed

170,368

3

Amend Stock Option Plan

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

23-May-12

Special

Confirmed

170,368

1

Ratify Independent Firm to Appraise Proposed Transaction

Management

Yes

For

For

170,368

BRF - Brasil Foods SA

BRFS3

BRBRFSACNOR8

23-May-12

Special

Confirmed

170,368

2

Ratify the Acquisition of Quickfood S.A.

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

2

Approve Allocation of Income and Dividends of CLP 10.97 per Class A Share and CLP 12.067 per Class B Share

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

3

Approve Dividend Policy

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

4

Elect Directors

Management

Yes

For

Against

The name of the candidates were not disclosed ahead of the meeting.

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

5

Approve Remuneration of Directors, Directors’ Committee and Audit Committee Members

Management

Yes

For

Abstain

The IR disclosed the budget of CLP200mln which seems reasonable, however failed to disclose the proposed amounts

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

6

Approve External Auditors for Fiscal Year 2012

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

7

Designate Risk Assessment Companies

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

8

Accept Special Auditors’ Report Regarding Related-Party Transactions

Management

No

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

27-Apr-12

Annual

Confirmed

318,000

9

Other Business (Voting)

Management

Yes

For

Against

Infsufficient information.

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

25-Jun-12

Special

Confirmed

318,000

1

Approve Acquisition of Embotelladoras Coca-Cola Polar SA

Management

Yes

For

For

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

25-Jun-12

Special

Confirmed

318,000

2

Approve Increase in Board Size from 7 to 14

Management

Yes

For

Abstain

The company asks the approval to turn alternative board members into effective, increasing the number of effective board seats from 7 to 14.  Although ISS recommended us to go against given the lack of disclosure of candidates, this is not a requirement under Chilean regulation and the company contacted us to explain their rationale. So seems fine to Abstain and encourage the company to improve disclosure going forward

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

25-Jun-12

Special

Confirmed

318,000

3

Elect Directors

Management

Yes

For

Abstain

Given the increase in effective members from 7 to 14 the company prposes the election of members and the apporval of remuneration. Same rational of item 2

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

25-Jun-12

Special

Confirmed

318,000

4

Approve Remuneration of Directors and Members of Directors’ and Audit Committees

Management

Yes

For

Abstain

Given the increase in effective members from 7 to 14 the company prposes the election of members and the apporval of remuneration. Same rational of item 2

318,000

Embotelladora Andina S.A.

ANDINA-B

CLP3697S1034

25-Jun-12

Special

Confirmed

318,000

5

Adopt All Necessary Agreements to Execute Approved Resolutions

Management

No

374,000

Embraer SA

BREMBRACNOR4

10-Jan-12

Special

Confirmed

374,000

1

Amend Articles and  Consolidate Company’s Bylaws

Management

Yes

For

For

374,000

Embraer SA

BREMBRACNOR4

10-Jan-12

Special

Confirmed

374,000

2

Amend Stock Option Plan

Management

Yes

For

For

374,000

Embraer SA

BREMBRACNOR4

6-Mar-12

Special

Confirmed

374,000

1

Elect Arno Hugo Augustin Filho as Director and Cleber Ubiratan de Oliveira as Alternate

Management

Yes

For

For

374,000

Embraer SA

BREMBRACNOR4

6-Mar-12

Special

Confirmed

374,000

2

Elect Board Chairman

Management

Yes

For

For

320,000

Embraer SA

BREMBRACNOR4

26-Apr-12

Annual

Confirmed

320,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

320,000

Embraer SA

BREMBRACNOR4

26-Apr-12

Annual

Confirmed

320,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

320,000

Embraer SA

BREMBRACNOR4

26-Apr-12

Annual

Confirmed

320,000

3

Elect Fiscal Council Members

Management

Yes

For

Abstain

Bundled resolution.

320,000

Embraer SA

BREMBRACNOR4

26-Apr-12

Annual

Confirmed

320,000

4

Approve Remuneration of Executive Officers, Non-Executive Directors, and Committee Members

Management

Yes

For

Against

The company did not comply with CVM rules not disclosing the remuneration of its highest paid executive and board member

320,000

Embraer SA

BREMBRACNOR4

26-Apr-12

Annual

Confirmed

320,000

5

Approve Remuneration of Fiscal Council Members

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

3

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

4

Elect External Auditors and Designate Risk Assessment Companies

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

5

Approve Remuneration of Directors; Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2012

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

6

Approve Policy and Procedures on Dividend and Allocation of Income

Management

Yes

For

For

298,570

Empresas CMPC S.A.

CMPC

CL0000001314

27-Apr-12

Annual

Confirmed

298,570

7

Other Business (Voting)

Management

Yes

For

Against

This is an open item and doesn’t allow investors voting by proxy to assess the impacts of the matters that may be raised during the meeting.

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011; Present Current Company Standing Report

Management

Yes

For

For

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

2

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

3

Approve Remuneration of Directors for Next Fiscal Year

Management

Yes

For

Abstain

As many companies in Chile no disclosure is given ahead of the meeting, so we cannot assess the impact of the proposal.

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

4

Approve Remuneration and Budget for Directors’ Committee; Present Report on Directors’ Committee Expenses and Activities

Management

Yes

For

Abstain

As many companies in Chile no disclosure is given ahead of the meeting, so we cannot assess the impact of the proposal.

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

5

Elect External Auditor and Designate Risk Assessment Companies

Management

Yes

For

For

98,000

Empresas Copec S.A.

COPEC

CLP7847L1080

25-Apr-12

Annual

Confirmed

98,000

6

Other Business (Voting)

Management

Yes

For

Against

This is an open item in the agenda so we cannot assess the impact of the discussions ahead of the meeting.

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

1

Accept Financial Statements, Statutory and Reports of External Auditors and Internal Statutory Auditors for Fiscal Year 2011

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

2

Approve Allocation of Income and Distribution of Dividends

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

3

Approve Remuneration of Directors

Management

Yes

For

Abstain

Current amount seems reasonable but no disclosure was given ahead of the meeting and no response has been received from the company so far.

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

4

Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2012

Management

Yes

For

Abstain

Current amount seems reasonable but no disclosure was given ahead of the meeting and no response has been received from the company so far.

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

5

Present Information on Board Reports on Board Expenses, Annual Management, Expenditures and Activities of the Directors’ Committee

Management

No

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

6

Elect External Auditors

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

7

Elect Two Internal Statutory Auditors and their Respective Alternates; Approve their Remunerations

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

8

Designate Risk Assessment Companies

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

9

Approve Investment and Financing Policy

Management

Yes

For

For

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

10

Present Information on Dividend Policy and Procedures for Dividend Distribution

Management

No

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

11

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

12

Present Report Re: Processing, Printing, and Mailing Information Required by Chilean Law

Management

No

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

13

Other Business (Voting)

Management

Yes

For

Against

Insufficient information.

3,780,000

Enersis S.A.

ENERSIS

CLP371861061

26-Apr-12

Annual

Confirmed

3,780,000

14

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

1

Accept Report of Board of Directors on Financial Statements and Statutory Reports for Fiscal Year 2011, Receive CEO’s Report and Audit and Corporate Practices Committees Chairmen Report

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

2

Accept Report on Adherence to Fiscal Obligations

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

3

Approve Allocation of Income and Distribution of Dividends of MXN 0.30 per Series B Shares; MXN 0.38 per Series D Shares; Corresponding to a Total of MXN 1.54 per B Unit and MXN 1.85 per BD Unit

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

4

Set Aggregate Nominal Share Repurchase Reserve to a Maximum Amount of up to MXN 3 Billion

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

5

Elect Directors and Secretaries, Verify Independence of Directors, and Approve their Remuneration

Management

Yes

For

Abstain

No details are provided on the proposed remuneration for the board members and also because it is a bundled resolution

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

6

Elect Members and Chairmen of Finance and Planning Committee, Audit Committee and Corporate Practices Committee; Approve Their Remuneration

Management

Yes

For

Abstain

No details are provided on the proposed remuneration for the board members and also because it is a bundled resolution.

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

7

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

8

Approve Minutes of Meeting

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

1

Approve Merger by Absorption of Subsidiaries Desarrollo de Marcas Refresqueras, Isildur, Tiendas Oxxo Cedis Mexico, Estaciones Oxxo Mexico, Empresas Cuadrox, Corporacion Emprex and Consorcio Progresivo de Servicios Refresqueros by Company

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

165,402

Fomento Economico Mexicano S.A.B. de C.V. (FEMSA)

FEMSAUBD

MXP320321310

23-Mar-12

8-Mar-12

Annual/Special

Confirmed

165,402

3

Approve Minutes of Meeting

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

2

Present CEO and External Auditor Report for Fiscal Year 2011

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

3

Present Board of Directors’ Report in Accordance with Art. 28, Section IV of Stock Market Law Including Tax Report

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

4

Authorize Board to Ratify and Execute Approved Resolutions in Proposals 1 and 2 of this Agenda

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

5

Approve Allocation of Income, Increase in Reserves and Set Aggregate Nominal Amount of Share Repurchase

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

6

Elect Directors and Chairman of Audit, Corporate Practices, Finance and Planning Committee; Elect Board Secretary and Deputy Secretary

Management

Yes

For

Abstain

There is one new independent director being nominated for the board, Aaron Dychter, who will replace an existing independent director. His experience as consultant for infrastructure and energy projects seems appropriate. No change in members of the committees, but will abstain as it is a bundled resolution.

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

1

Amend Article 6 of Bylaws to Reflect Changes in Capital

Management

Yes

For

For

365,000

Grupo Aeroportuario del Centro Norte S.A.B. de C.V.

OMAB

MX01OM000018

18-Apr-12

23-Mar-12

Annual/Special

Confirmed

365,000

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.1

Approve CEO’s and Auditor’s Report on Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.2

Approve Board’s Report on Accounting Criteria Policy and Disclosure Policy in Accordance with Article 172-B of Company Law

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.3

Approve Report Re: Activities and Operations Undertaken by the Board in Accordance with Article 28 IV (E) of Company Law

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.4

Accept Individual and Consolidated Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.5

Approve Audit Committee’s Report Regarding Company’s Subsidiaries in Accordance with Article 43 of Company Law

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

1.6

Accept Report on Adherence to Fiscal Obligations in Accordance with Article 86 of Tax Law

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

2.1

Approve Increase in Legal Reserves

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

2.2

Set Maximum Nominal Amount of Share Repurchase Reserve for Fiscal Year 2012 in Accordance with Art. 56 of Mexican Securities Law; Approve Policy Related to Acquisition of Own Shares

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

2.3

Approve Net Dividends in the Amount of MXN 3.60 per Share to Series B and BB Shareholders

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

3.1

Approve Discharge of Board of Directors and CEO for Fiscal Year 2011

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

3.2

Elect/Ratify Directors; Verify Independence Classification of Board Members

Management

Yes

For

Abstain

This is a bundled resolution so we will abstain despite full details being disclosed. The board size is being increased from seven to nine directors to include two new directors nominated by Chico Pardo and Grupo Ado. Five out of the nine board members are independent. So would have still been reasonable if we were allowed to vote for each director separately.

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

3.3

Elect/Ratify Chairman of Audit Committee

Management

Yes

For

For

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

3.4

Elect/Ratify Members to the Different Board Committees; Approve Their Remuneration

Management

Yes

For

Abstain

This is a bundled resolution so we will abstain despite full details having been disclosed.

74,134

Grupo Aeroportuario del Sureste S.A.B. de C.V.

MXP001661018

26-Apr-12

26-Mar-12

Annual

Confirmed

74,134

4

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.a.1

Elect Hector Reyes Retana as Independent Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

Special

Confirmed

2,647,000

1

Amend Company Bylaws

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.a.2

Elect Juan Carlos Braniff Hierro as Independent Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

Special

Confirmed

2,647,000

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.a.3

Elect Armando Garza Sada as Independent Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

Special

Confirmed

2,647,000

3

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.a.4

Elect Manuel Saba Ades as Representative of Controlling Shareholder Group

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.a.5

Elect Enrique Castillo Mejorada as Executive Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.b

Approve Independence Classification of Directors

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.c

Approve New Directors Liability and Indemnification

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

1.d

Approve Discharge of Rodolfo F. Barrera Villarreal as Representative of Controlling Shareholders, Eugenio Clariond Reyes-Retana as Independent Director, Jacobo Zaidenweber Cvilich as Independent Director, and Isaac Hamui Mussali as Independent Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

2

Approve the Formation of Statutory Committee; Set Faculties, Functions and Operation Rules

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

3

Approve the Formation of Regional Statutory Committee; Set Faculties, Functions and Operation Rules

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

4

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

21-Jul-11

8-Jul-11

Special

Confirmed

2,647,000

5

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

1

Amend Company Bylaws Re: Creation and Functions of Nominee Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

1

Amend Dividend Policy

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

2

Approve Cash Dividends of MXN 0.17 per Share

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

3

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

3

Set Maximum Nominal Amount of Share Repurchase Program for Fiscal Year 2011

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

4

Present External Auditor’s Report on Fiscal Obligations

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

5

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Oct-11

4-Oct-11

Special

Confirmed

2,647,000

6

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

1

Approve Cash Dividends of MXN 0.17 per Share

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

1

Amend Article 2 of Company Bylaws

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

2

Amend Functions of Regional Statutory Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

3

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

3

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

17-Feb-12

3-Feb-12

Special

Confirmed

2,647,000

4

Approve Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

1

Approve Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

2

Approve Allocation of Income

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

3

Approve Cash Dividends of MXN 0.18 Per Share

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a1

Elect Roberto Gonzalez Barrera as Board Chairman Emeritus

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a2

Elect Guillermo Ortiz Martinez as Board Chairman

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a3

Elect Bertha Gonzalez Moreno as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a4

Elect David Villarreal Montemayor as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a5

Elect Manuel Saba Ades as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a6

Elect Alfredo Elias Ayub as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a7

Elect Herminio Blanco Mendoza as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a8

Elect Everardo Elizondo Almaguer as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a9

Elect Patricia Armendariz Guerra as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a10

Elect Armando Garza Sada as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a11

Elect Hector Reyes Retana as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a12

Elect Juan Carlos Braniff Hierro as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a13

Elect Eduardo Livas Cantu as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a14

Elect Enrique Castillo Sanchez Mejorada as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a15

Elect Alejandro Valenzuela del Rio as Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a16

Elect Jesus O. Garza Martinez as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a17

Elect Juan Antonio Gonzalez Moreno as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a18

Elect Jose G. Garza Montemayor as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a19

Elect Alberto Saba Ades as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a20

Elect Isaac Becker Kabacnik as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a21

Elect Manuel Aznar Nicolin as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a22

Elect Javier Martinez Abrego as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a23

Elect Carlos Chavarria Garza as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a24

Elect Ramon A. Leal Chapa as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a25

Elect Julio Cesar Mendez Rubio as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a26

Elect Guillermo Mascarenas Milmo as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a27

Elect Alfredo Livas Cantu as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a28

Elect Javier Molinar Horcasitas as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.a29

Elect Jose Marcos Ramirez Miguel as Alternate Director

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.b

Approve Directors Liability and Indemnification

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

4.c

Elect Hector Avila Flores as Secretary

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

5

Approve Remuneration of Directors

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

6.a

Elect Hector Reyes Retana as Chairman of Audit and Corporate Practices Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

6.b

Elect Herminio Blanco Mendoza as Member of Audit and Corporate Practices Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

6.c

Elect Manuel Aznar Nicolin as Member of Audit and Corporate Practices Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

6.d

Elect Patricia Armendariz Guerra as Member of Audit and Corporate Practices Committee

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

7

Present Report on Company’s 2011 Share Repurchase Program; Set Maximum Nominal Amount of Share Repurchase Program for 2012

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

8

Authorize Board to Obtain Certification of Company Bylaws

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

9

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

2,647,000

Grupo Financiero Banorte S.A.B. de C.V.

GFNORTEO

MXP370711014

27-Apr-12

16-Apr-12

Annual

Confirmed

2,647,000

10

Approve Minutes of Meeting

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

27-Jul-11

30-Jun-11

Special

Confirmed

84,144

1

Elect Directors

Management

Yes

For

Abstain

The company failed to provide the name of director candidates and it is a bundled resolution.

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

1

Accept External Auditor’s Reports, Annual Report and Financial Statements for Fiscal Year 2011

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

2

Approve Allocation of Income and Dividends for Fiscal Year 2011

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

3

Present Dividend Policy

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

4

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

5

Elect External Auditors Fiscal Year 2012

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

6

Designate Risk Assessment Companies for Fiscal Year 2012

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

7

Approve Remuneration of Directors for Fiscal Year 2012

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

8

Present Board’s Expense Report for Fiscal Year 2011

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

9

Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2012

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

10

Present Report on Activities Carried Out and Expenses Incurred by Directors’ Committee in 2011

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

11

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

84,144

Inversiones Aguas Metropolitanas S.A.

IAM

CL0000001256

18-Apr-12

23-Mar-12

Annual

Confirmed

84,144

12

Other Business (Voting)

Management

Yes

For

Against

We have been voting in line with ISS recommendations on the basis that investors are not able to assess the impacts of matters that may be discussed under items as such, and engaging with management to express our opinion.

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.1

Elect Alfredo Egydio Arruda Villela Filho as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.2

Elect Alfredo Egydio Setubal as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.3

Elect Candido Botelho Bracher as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.4

Elect Demosthenes Madureira de Pinho Neto as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.5

Elect Gustavo Jorge Laboissiere Loyola as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.6

Elect Henri Penchas as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.7

Elect Israel Vainboim as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.8

Elect Nildemar Secches as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.9

Elect Pedro Luiz Bodin de Moraes as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.1

Elect Pedro Moreira Salles as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.11

Elect Pedro Pullen Parente as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.12

Elect Ricardo Villela Marino as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

3.13

Elect Roberto Egydio Setubal as Director

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

4.1

Elect Alberto Sozin Furuguem as Fiscal Council Member

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

4.2

Elect Iran Siqueira Lima as Fiscal Council Member

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

4.3

Elect Joao Costa as Alternate Fiscal Council Member

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

4.4

Elect Jose Caruso Cruz Henriques as Alternate Fiscal Council Member

Management

Yes

For

For

164,300

Itau Unibanco Holding SA

ITUB4

BRITUBACNPR1

20-Apr-12

Annual

Confirmed

164,300

5

Approve Remuneration of Company’s Management

Management

Yes

For

Against

Did not disclose the remuneration of its highest paid executive and non executive which is not consistent with CVM compensation disclosure requirements and we should support CVM in their efforts to improve transparency.

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

1

Approve Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

2

Approve Final Dividends Based on Income of Fiscal Year 2011 Including $0.11 per Share and $0.24 per Share Paid in Sep. 2011 and Jan. 2012 Respectively

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

3

Elect Directors

Management

Yes

For

Against

Bundled election and the company has failed to diclose names and details of the candidates.

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

4

Approve Remuneration of Directors for Fiscal Year 2012

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

5

Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2012

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

6

Approve External Auditors, Designate Risk-Assessment Companies; Present Special Auditors’ Report Regarding Related-Party Transactions

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

7

Present Report Re: Processing, Printing, and Mailing Information Required by Chilean Law

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

8

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

23,143

Lan Airlines S.A.

LAN

CL0000000423

26-Apr-12

Annual

Confirmed

23,143

9

Other Business (Voting)

Management

Yes

For

Against

Insufficient information.

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

1

Approve Merger Agreement with Holdco SA and Holdco II SA

Management

Yes

For

For

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

2

Approve Merger Balance Sheets of LAN, Holdco SA and Holdco II SA as of Sep. 30, 2011, along with Report on Merger

Management

Yes

For

For

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

3

Change Company Name to LATAM Airlines Group SA

Management

Yes

For

For

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

4

Approve Bylaws of LATAM Airlines Group SA

Management

Yes

For

Against

The approval of bylaws of LATAM including any amendments to be resolved by the shareholders meeting given the lack of public disclosure of new bylaws and the fact that it also allows for amendments to be added in the meeting, disinfranchising us from making a conscious decision.

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

5

Grant Authorizations and Power of Attorney Needed to Carry Out and Implement Merger

Management

Yes

For

For

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

6

Adopt All Necessary Agreements to Execute Approved Resolutions

Management

Yes

For

For

23,143

LATAM Airlines Group SA

LAN

CL0000000423

21-Dec-11

Special

Confirmed

23,143

7

Approve Increase in Capital Via Issuance of 4.80 Million Shares in Connection with Merger

Management

Yes

For

Against

The approval of capital increase and issuance of shares and the permission to use these shares for a stock option plan to be implemented for LATAM employees, there is no disclosure of information regarding this plan and the company won’t need to get shareholders approval once they determine these features and implement the plan.

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

13-Apr-12

Annual

Confirmed

261,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

13-Apr-12

Annual

Confirmed

261,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.a

Amend Article 1

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.b

Amend Article 8

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.c

Amend Article 11

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.d

Amend Article 12

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.e

Amend Article 30

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.f

Amend Article 34

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.g

Amend Article 35

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.h

Amend Article 36

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.i

Amend Article 40

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.j

Amend Article 43

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.k

Amend Article 44

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

1.l

Amend Article 45

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.a

Amend Articles 10 and 12

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.b

Amend Article 11

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.c

Amend Article 13

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.d

Amend Article 14

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.e

Amend Article 24

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.f

Amend Article 27

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.g

Amend Articles 28-29

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.h

Amend Article 38

Management

Yes

For

Against

This threshold seems low and falls on the low end of market average for such provisions.

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.i

Amend Article 39

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.j

Amend Article 42

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

2.k

Amend Articles 46-47

Management

Yes

For

Against

Proposed changes reflect the mandatory bid provision for which we haven’t supported.

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

3

Amend Articles to Reflect Aforementioned Changes

Management

Yes

For

For

261,000

Localiza Rent A Car S.A

RENT3

BRRENTACNOR4

25-Apr-12

Special

Confirmed

261,000

4

Consolidate Bylaws

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

3

Elect Directors

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

4

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

5

Elect Fiscal Council Members

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Annual

Confirmed

344,096

6

Approve Remuneration of Fiscal Council Members

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

1

Amend Article 5 to Reflect Changes in Capital

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.1

Amend Article 1, Paragraph 1

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.2

Amend Article 1, Paragraph 2

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.3

Amend Article 3

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.4

Amend Article 6, Paragraph 3

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.5

Amend Article 6, Paragraph 4

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.6

Amend Article 6, Paragraph 5

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.7

Amend Article 9

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.8

Amend Article 10, Paragraph 2

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.9

Amend Article 10, Paragraph 5

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.10

Amend Article 12, Item IV, and Article 20, Item XIV

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.11

Amend Article 12, Item VIII

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.12

Amend Article 13, Paragraph 1

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.13

Amend Article 13, Paragraph 3

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.14

Amend Articles 14, 16 and 20

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.15

Amend Article 16

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.16

Amend Article 16, Paragraph 1

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.17

Amend Article 16, Paragraph 8

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.18

Amend Article 16, Paragraph 9

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.19

Amend Article 20, Item XI

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.20

Amend Article 20, Item XXI

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.21

Amend Article 20, Item XXVIII

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.22

Amend Article 20, Paragraph 2

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.23

Amend Article 21

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.24

Amend Article 29

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.25

Amend Article 29, Paragraph 6

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.26

Amend Article 29, Paragraph 7

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.27

Amend Article 35

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.28

Amend Article 40

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.29

Amend Article 41

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.30

Amend Article 42

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.31

Amend Article 43

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.32

Amend Article 43, Paragraph  12

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.33

Amend Article 44

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.34

Amend Article 45

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.35

Amend Article 46

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.36

Amend Article 47

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.37

Amend Article 48

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.38

Amend Article 49

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.39

Amend Article 51

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.40

Amend Article 52

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.41

Amend Article 54

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

2.42

Amend Article 56

Management

Yes

For

For

344,096

Lojas Renner

LREN3

BRLRENACNOR1

20-Apr-12

Special

Confirmed

344,096

3

Consolidate Bylaws

Management

Yes

For

For

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Special

Confirmed

523,097

1

Amend Articles

Management

Yes

For

For

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Special

Confirmed

523,097

2

Consolidate Bylaws

Management

Yes

For

For

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Annual

Confirmed

523,097

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Annual

Confirmed

523,097

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Annual

Confirmed

523,097

3

Elect Directors

Management

Yes

For

Abstain

It is a bundled resolution. Worth also noting the level of independence remains quite low as only 1 out of 7 members is independent.

523,097

Multiplan Empreendimentos Imobiliarios S.A

MULT3

BRMULTACNOR5

30-Apr-12

Annual

Confirmed

523,097

4

Approve Remuneration of Company’s Management

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Annual

Confirmed

383,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Annual

Confirmed

383,000

2

Approve Capital Budget and Allocation of Income

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Annual

Confirmed

383,000

3

Elect Directors

Management

Yes

For

Abstain

Bundled resolution.

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Annual

Confirmed

383,000

4

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Against

The disclosure of total compensation of its highest paid executive did not include all elements of compensation such as equity pay.

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

1

Amend Article 5 to Reflect Changes in Capital

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2a

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2b

Amend Article 6

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2c

Amend Article 6, Current Paragraph 1

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2d

Amend Article 12

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2e

Amend Article 16 Re: Increase in Board Size

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2f

Amend Article 16, Paragraph 2

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2g

Amend Article 16, Paragraph 3

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2h

Amend Article 18

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2i

Amend Article 18, Paragraph 2

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2j

Amend Article 18, Paragraph 3

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2k

Amend Article 19

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2l

Amend Article 20

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2m

Amend Article 21

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2n

Amend Article 22

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2o

Amend Article 25

Management

Yes

For

For

383,000

Natura Cosmeticos S.A

NATU3

BRNATUACNOR6

13-Apr-12

Special

Confirmed

383,000

2p

Amend Article 28

Management

Yes

For

For

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Special

Confirmed

277,000

1

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Special

Confirmed

277,000

2

Approve 3:1 Stock Split

Management

Yes

For

For

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Annual

Confirmed

277,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Annual

Confirmed

277,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Annual

Confirmed

277,000

3

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Abstain

The company failed to properly disclose the highest compensation amount, not including stock option payments.

277,000

Odontoprev S.A.

ODPV3

BRODPVACNOR4

2-Apr-12

Annual

Confirmed

277,000

4

Elect Directors and Fiscal Council Members

Management

Yes

For

Abstain

They have bundled the election of many candidates into a single voting item.

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011; Accept CEO and Board’s Opinion Reports; Accept Audit and Corporate Practices Committee

Management

Yes

For

For

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

2

Accept Report on Activities Undertaken by Board of Directors

Management

Yes

For

For

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

3

Approve Allocation of Income and Dividends of MXN 0.27 Per Share; Set Aggregate Nominal Amount of Share Repurchase Reserve

Management

Yes

For

Abstain

Although we support dividend they have not disclosed the amount to be allocated to share repurchase reserve.

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

4

Elect Directors, Board Committees Members and Approve their Remuneration

Management

Yes

For

Abstain

The company has not disclosed the nominees or the amount of compensation proposed, and it has bundled the election of several directors and their remuneration into a single voting item.

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

5

Authorize Establishment of Short and Long Term Certificate Program with Dual Revolving Character in the Amount of Up to MXN 15 Billion

Management

Yes

For

For

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

6

Grant Special Authorities to S.D. Indeval Institucion para el Deposito de Valores S.A. de C.V.

Management

Yes

For

Abstain

The company did not disclose what the rights are and why they are being offered.

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

7

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

8

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

1

Amend Clause 2 of Company Bylaws

Management

Yes

For

Abstain

The contents of the proposed amendment was not disclosed

1,536,000

Organizacion Soriana S.A.B. de C.V.

SORIANAB

MXP8728U1671

29-Mar-12

15-Mar-12

Annual/Special

Confirmed

1,536,000

2

Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

Management

Yes

For

For

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011; Receive Auditor’s Report

Management

Yes

For

For

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

2

Approve Remuneration of Directors for Fiscal Year 2012 and Accept Expense Report of Board of Directors for Fiscal Year 2011

Management

Yes

For

Abstain

The company has failed to disclose details about the remuneration.

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

3

Accept Report Re: Directors’ Committee Activities and Expenses; Fix Their Remuneration and Budget

Management

Yes

For

For

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

4

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

5

Elect External Auditors

Management

Yes

For

Abstain

The company has failed to disclose the name of the auditors.

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

6

Designate Risk Assessment Companies

Management

Yes

For

Abstain

The company has failed to disclose the name of the companies.

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

7

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

8

Approve Allocation of Income and Dividend Policy

Management

Yes

For

For

692,000

Parque Arauco S.A.

PARAUCO

CLP763281068

24-Apr-12

Annual

Confirmed

692,000

9

Other Business (Voting)

Management

Yes

For

Against

Insufficient detail at time of voting.

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

2

Approve Capital Budget for Upcoming Fiscal Year

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

3

Approve Allocation of Income and Dividends

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

4a

Elect Directors Appointed by Controlling Shareholder

Management

Yes

For

Abstain

We choose to ABSTAIN as this is a bundled resolution.

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

4b

Elect Directors Appointed by Minority Shareholders

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

5

Elect Board Chairman

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

6a

Elect Fiscal Council Members and Alternates Appointed by Controlling Shareholder

Management

Yes

For

Abstain

We choose to ABSTAIN as this is also a bundled resolution.

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

6b

Elect Fiscal Council Members and Alternates Appointed by Minority Shareholders

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

7

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

For

927,433

Petroleo Brasileiro SA-Petrobras

PETR4

BRPETRACNPR6

19-Mar-12

27-Feb-12

Annual/Special

Confirmed

927,433

1

Authorize Capitalization of Reserves Without Issuance of New Shares

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

2

Approve Allocation of Income for Fiscal Year 2011

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

3

Approve Dividends Policy

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

4

Approve Remuneration of Directors

Management

Yes

For

Abstain

Chilean companies are not required to disclose the amounts ahead of the meeting.

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

5

Elect External Auditors and Risk Assessment Companies for Fiscal Year 2012

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

6

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

7

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

8

Approve Remuneration and Budget of Directors’ Committee; Receive Directors Committee’s Report

Management

Yes

For

Abstain

Chilean companies are not required to disclose the amounts ahead of the meeting.

77,000

S.A.C.I. Falabella

FALABELLA

CLP3880F1085

24-Apr-12

Annual

Confirmed

77,000

9

Other Business (Voting)

Management

Yes

For

Against

Insufficient information.

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

2

Approve Profit Sharing Compensation

Management

Yes

For

For

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

3

Approve Allocation of Income and Dividends

Management

Yes

For

For

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

4

Approve Dividend Payment Date

Management

Yes

For

For

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

5

Elect Directors

Management

Yes

For

For

177,000

Saraiva S.A. Livreiros Editores

SLED4

BRSLEDACNPR7

25-Apr-12

Annual

Approved

177,000

6

Approve Remuneration of Company’s Management

Management

Yes

For

Abstain

The company did not disclose all required information by the local regulator.

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

1

Accept Annual Report, Financial Statements, Internal Statutory Auditors’ Report and External Auditor Reports, and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

2

Elect External Auditors and Internal Statutory Auditors for Fiscal Year 2012

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

3

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

4

Approve Investment and Financing Policy

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

5

Approve Allocation of Income for Fiscal Year 2011 and Dividends, and Dividend Policy

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

6

Receive Board’s Expenses for Fiscal Year 2011

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

7

Approve Remuneration of Directors

Management

Yes

For

For

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

8

Receive Issues Related to Directors’ and Audit Committees

Management

Yes

For

Against

No disclosure was given ahead of the meeting so investors voting by proxy cannot assess the impact of the proposals.

18,800

Sociedad Quimica y Minera de Chile S.A. (SQM)

SQM-B

CLP8716X1082

26-Apr-12

Annual

Confirmed

18,800

9

Other Business (Voting)

Management

Yes

For

Against

No disclosure was given ahead of the meeting so investors voting by proxy cannot assess the impact of the proposals.

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011; Approve External Auditors’ Report

Management

Yes

For

For

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

2

Approve Allocation of Income, Dividends and Future Dividend Policy for Fiscal Year 2011

Management

Yes

For

For

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

3

Approve Remuneration of Directors; Approve Remuneration and Budget of Directors’ Committee

Management

Yes

For

Abstain

No major concern regarding remuneration level, but proposed amounts were not disclosed ahead of the meeting.

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

4

Present Report of Directors’ Committee Activities and Expenses for Fiscal Year 2011

Management

Yes

For

For

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

5

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

6

Elect External Auditors

Management

Yes

For

For

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

7

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

592,000

SONDA S.A.

SONDA

CL0000001934

12-Apr-12

Annual

Confirmed

592,000

8

Other Business (Voting)

Management

Yes

For

Against

This is a standard item in the agenda of Chilean companies for matters that will be discussed during the meeting. Investors voting by proxy are not able to assess the impact of the decisions given the lack of disclosure ahead of the meeting.

535,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

3-Oct-11

Special

Confirmed

535,000

1

Elect New Board Chairman

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

27-Jan-12

Special

Confirmed

374,000

1

Elect Director

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Special

Confirmed

374,000

1

Change Location of Company Headquarters and Amend Article 3

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

3

Elect Director

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

4

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

5

Install Fiscal Council

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

6

Elect Fiscal Council Members and Approve their Remuneration

Management

Yes

For

For

374,000

Souza Cruz S.A

CRUZ3

BRCRUZACNOR0

19-Mar-12

Annual

Confirmed

374,000

7

Designate Newspapers to Publish Company Announcements

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

1

Receive and Approve Board’s and Auditor’s Reports

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

2

Accept Consolidated Financial Statements for FY 2011

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

3

Accept Financial Statements for FY 2011

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

4

Approve Allocation of Income and Dividends of USD 0.38 per Share

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

5

Approve Discharge of Directors

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

6

Fix Number of Directors at 10 and Reelect Roberto Bonatti, Carlos Condorelli, Carlos Franck, Roberto Monti, Gianfelice Mario Rocca, Paolo Rocca, Jaime Serra Puche, Alberto Valsecchi, Amadeo Vázquez y Vázquez, and Guillermo Vogel as Directors (Bundled)

Management

Yes

For

Abstain

ISS recommended to vote against as level of independents is below free-float. However the current level of 30% independents may be acceptable and as we do not have any particular issue against current board composition and supported them in the past, worth abstaining and encouraging the company to unbundle the resolution.

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

7

Approve Remuneration of Directors

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

8

Approve Auditors and Authorize Board to Fix Their Remuneration

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

9

Allow Electronic Distribution of Company Documents to Shareholders

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

1

Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights and Amend Article 5 Accordingly

Management

Yes

For

Against

This authorized capital potentially allows the issuance of up to 110% of shares without pre-emptive rights to minority shareholders in the case of share issuance not involving cash (share swap, convertible bonds etc). Although this is only a renewal of something already existent in their bylaws the authorized limit seems to give excessive flexibility for transactions as such.

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

2

Amend Article 10 Re: Board Meeting’s Minutes

Management

Yes

For

Abstain

No major concern but the resolution does gives more flexibility for board members allowing the signature of only two board members instead of the entire board as previously written.

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

3

Amend Article 11 - Board Related

Management

Yes

For

Abstain

No major concern but the resoution does give more flexibility for board members allowing the signature of only two board members instead of the entire board as previously written.

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

4

Amend Article 13 Re: External Auditor

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

5

Change Time of Annual Meeting and Amend Article 15 Accordingly

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

6

Amend Article 16 Re: Notice of General Meetings of Shareholders

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

7

Amend Article 17 Re: Record Date

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

8

Amend Article 19 Re: Vote and Minutes of General Meetings

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

9

Amend Title V

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

10

Amend Article 20 Re: Availability of Financial Statements, Auditor’s Report, and Other Documents

Management

Yes

For

For

260,000

TENARIS SA

TEN

LU0156801721

2-May-12

29-Mar-12

Annual/Special

Confirmed

260,000

11

Amend Article 21 Re: Distribution of Profits

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

1

Approve Agreement to Absorb Look Informatica SA, RO Resultados Outsourcing Ltda, SRC Serv. Informatica Ltda, DTSL Sistema e Serv. de Informatica SA, BCSFlex Comercio e Serv. de Informatica Ltda, BCS Sistemas Computacionais Ltda. and HBA Informatica Ltda

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

2

Appoint Independent Firm to Appraise Proposed Merger

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

3

Approve Independent Firm’s Appraisal

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

4

Approve Absorption of Look Informatica SA, RO Resultados Outsourcing Ltda, SRC Serv. Informatica Ltda, DTSL Sistema e Serv. de Informatica SA, BCSFlex Comercio e Serv. de Informatica Ltda, BCS Sistemas Computacionais Ltda. and HBA Informatica Ltda

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

5

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

6

Amend Articles Re: Remove Requirement that Directors Hold Company Shares

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

7

Amend Article 5 to Reflect Changes in Capital

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

8

Amend Articles Re: Establish President, Vice President  and Legal Director as Responsible for Legal Representation

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

30-Sep-11

Special

Confirmed

150,000

9

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Annual

Confirmed

150,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Annual

Confirmed

150,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

Although 58.9% pay-out is a slight decline from 2010, it is still at a reasonable level.

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Annual

Confirmed

150,000

3

Elect Directors

Management

Yes

For

For

Voting to elect Germand Vilardo, Luis Carlos Afonso and to re-elect five existing board members (Laercio Cosentino, Marilia Rocca, Pedro Passos, Pedro Moreira Salles, Sergio Guimarães). The company has provided the biographies for all candidates; new and existing members have strong backgrounds and board will be 71% independent. The company has bundled the election into a single item however, but given that this is common practice in Brazil, it is a strong board and we have no issue with the company, fine to support.

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Annual

Confirmed

150,000

4

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

To approve remuneration of executive and non-executive officers, the amount proposed looks reasonable and the company has made all the required disclosures.

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

1

Ratify the Acquisition of Gens Tecnologia e Informatica Ltda

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

2

Approve Agreement to Absorb Inteligencia Organizacional Servicos, Sistemas e Tecnologia em Software Ltda, and Mafipa Servicos de Informatica

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

3

Appoint Independent Firm to Appraise Proposed Absorptions

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

4

Approve Independent Firm’s Appraisals

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

5

Approve Absorption of Inteligencia Organizacional Servicos, Sistemas e Tecnologia em Software Ltda, and Mafipa Servicos de Informatica

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

21-Mar-12

Special

Confirmed

150,000

6

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

17-May-12

Special

Confirmed

150,000

1

Ratify Agreement to Absorb Gens Tecnologia e Informatica Ltda; TOTVS Servicos em Informatica e Consultoria Ltda; Midbyte Informatica Ltda; BCS Comercio e Servicos de Informatica Ltda, and TOTALBANCO Participacoes S.A.

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

17-May-12

Special

Confirmed

150,000

2

Appoint Independent Appraisers for the Proposed Transactions

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

17-May-12

Special

Confirmed

150,000

3

Approve Appraisal for the Proposed Transactions

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

17-May-12

Special

Confirmed

150,000

4

Approve Absorption of Gens Tecnologia e Informatica Ltda; TOTVS Servicos em Informatica e Consultoria Ltda; Midbyte Informatica Ltda; BCS Comercio e Servicos de Informatica Ltda, and TOTALBANCO Participacoes S.A.

Management

Yes

For

For

150,000

TOTVS SA

TOTS3

BRTOTSACNOR8

17-May-12

Special

Confirmed

150,000

5

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

528,000

Ultrapar Participacoes S.A.

UGPA3

BRUGPAACNPR5

11-Apr-12

22-Mar-12

Annual/Special

Confirmed

528,000

1.1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

528,000

Ultrapar Participacoes S.A.

UGPA3

BRUGPAACNPR5

11-Apr-12

22-Mar-12

Annual/Special

Confirmed

528,000

1.2

Approve Allocation of Income and Dividends

Management

Yes

For

For

528,000

Ultrapar Participacoes S.A.

UGPA3

BRUGPAACNPR5

11-Apr-12

22-Mar-12

Annual/Special

Confirmed

528,000

1.3

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

528,000

Ultrapar Participacoes S.A.

UGPA3

BRUGPAACNPR5

11-Apr-12

22-Mar-12

Annual/Special

Confirmed

528,000

1.4

Elect Fiscal Council Members and Approve Their Remuneration

Management

Yes

For

For

528,000

Ultrapar Participacoes S.A.

UGPA3

BRUGPAACNPR5

11-Apr-12

22-Mar-12

Annual/Special

Confirmed

528,000

2

Ratify the Acquisition of Repsol Gas Brasil S.A. (Currently Distribuidora de Gas LP Azul S.A.) by Ultragaz S.A.

Management

Yes

For

For

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

1

Present Reports Referred to in Article 28-IV of Securities Market Law for Fiscal Year 2011

Management

Yes

For

For

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

2

Present Report on Adherence to Fiscal Obligations in Accordance to Article 86 of Income Tax Law

Management

Yes

For

For

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

3

Approve Allocation of Income

Management

Yes

For

Abstain

No information has been disclosed on the allocation of income. Hence, abstain due to lack of disclosure.

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

4

Elect or Ratify Directors and Approve Their Remuneration

Management

Yes

For

Abstain

The list of nominated directors has been disclosed but no information has been disclosed on the suggested level of remuneration. So we will choose to abstain due to a lack of information and it being a bundled resolution.

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

5

Elect or Ratify Chairmen of Audit and Corporate Practices Committees

Management

Yes

For

Abstain

There is no change recommended and while both the Chairman of the Audit and Corporate Governance committee are independent we will abstain as it is a bundled resolution.

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

6

Set Aggregate Nominal Amount of Share Repurchase Program

Management

Yes

For

For

1,799,741

Urbi Desarrollos Urbanos S.A.B. de C.V.

URBI

MX01UR000007

27-Apr-12

Annual

Confirmed

1,799,741

7

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

1,049,000

Vale S.A.

VALE5

BRVALEACNPA3

18-Apr-12

19-Mar-12

Annual

Sent

1,049,000

1.1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

1,049,000

Vale S.A.

VALE5

BRVALEACNPA3

18-Apr-12

19-Mar-12

Annual

Sent

1,049,000

1.2

Approve Allocation of Income and Capital Budget for Fiscal 2012

Management

Yes

For

For

1,049,000

Vale S.A.

VALE5

BRVALEACNPA3

18-Apr-12

19-Mar-12

Annual

Sent

1,049,000

1.3

Elect Fiscal Council Members

Management

Yes

For

Abstain

Bundled election.

1,049,000

Vale S.A.

VALE5

BRVALEACNPA3

18-Apr-12

19-Mar-12

Annual

Sent

1,049,000

1.4

Approve Remuneration of Executive Officers, Non-Executive Directors, and Fiscal Council Members

Management

Yes

For

Against

The company has not disclosed the remuneration of its highest-paid administrator, which is not consistent with the Brazilian Securities Regulator (CVM).

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

26-Apr-12

Annual

Confirmed

244,200

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

26-Apr-12

Annual

Confirmed

244,200

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

26-Apr-12

Annual

Confirmed

244,200

3

Fix Board Size and Elect Directors

Management

Yes

For

Abstain

Bundled election.

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

26-Apr-12

Annual

Confirmed

244,200

4

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.1

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.2

Amend Article 2 Re: Address of Company Headquarters

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.3

Amend Article 5 to Reflect Changes in Capital

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.4

Amend Article 16

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.5

Amend Article 20

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.6

Amend Current Article 58

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.7

Amend Article 43 Re: Mandatory Bid Provision

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

1.8

Renumber Articles of Bylaws

Management

Yes

For

For

244,200

Valid Solucoes e Serv. Seg. Meios Pag. Ident. S.A

VLID3

BRVLIDACNOR5

8-May-12

Special

Confirmed

244,200

2

Consolidate Bylaws

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

1

Accept Financial Statements and Statutory Reports for Fiscal Year 2011

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

3

Elect External Auditors for Fiscal Year 2012

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

4

Approve Remuneration of Directors

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

5

Approve Remuneration and Budget of Directors’ Committee for Fiscal Year 2012

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

6

Designate Newspaper to Publish Meeting Announcements

Management

Yes

For

For

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

7

Receive Special Auditors’ Report Regarding Related-Party Transactions

Management

No

540,000

Vina Concha y Toro S.A.

CONCHATORO

CLP9796J1008

23-Apr-12

Annual

Confirmed

540,000

8

Other Business (Voting)

Management

Yes

For

Against

This is an open item in the agenda for matters that may be raised during the meeting, which is common practice in Chile. Although the IR disclosed one of the discussions that will be proposed during the meeting which is non-contentious, the open nature of this item disenfranchises investors voting by proxy of exercising an informed vote.

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

1

Accept Board of Directors Report

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

2

Accept CEO’s Report

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

3

Accept Report of Audit and Corporate Governance Committees

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

4

Approve Financial Statements for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

5

Present Report on Share Repurchase Reserves

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

6

Approve to Cancel Company Treasury Shares

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

7

Amend Clauses 5, 9, and 19 of Company Bylaws

Management

Yes

For

Against

Firstly it is a bundled resolution and secondly there are no details available on what is contained in clause 9 and 19 of the Company’s Bylaws. Clause five talks about share classes and cancellation. The purpose of the amendment is to take into account shares issued as part of the acquisition of Wal-Mart Central America.

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

8

Approve Allocation of Income for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

9

Approve Dividend of MXN 0.44 Per Share and Extraordinary Dividend of MXN 0.11 per Share

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

10

Accept Report on Adherence to Fiscal Obligations

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

11

Accept Report Re: Employee Stock Purchase Plan

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

12

Accept Report Re: Wal-Mart de Mexico Foundation

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

13

Ratify Board of Directors’ Actions for Fiscal Year 2011

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

14

Elect Directors

Management

Yes

For

Abstain

Details of directors have been disclosed. 2 of them are new nominees (1 independent & 1 exec) and will be replacing the shareholders representatives on the board.  There are still 3 independents on the board so seems reasonable (in line with legal minimum of 25% independent board directors). Will choose to however abstain, as it is a bundled resolution.

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

15

Elect Chairmen of Audit and Corporate Governance Committees

Management

Yes

For

For

2,091,000

Wal-Mart de Mexico S.A.B. de C.V.

WALMEXV

MXP810081010

27-Mar-12

16-Mar-12

Annual/Special

Confirmed

2,091,000

16

Authorize Board to Ratify and Execute Approved Resolutions

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Special

Confirmed

251,844

1

Authorize Capitalization of Reserves without Issuance of Shares and Amend Article 5 Accordingly

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Special

Confirmed

251,844

2

Amend Article 17

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Special

Confirmed

251,844

3

Amend Articles 33

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Special

Confirmed

251,844

4

Amend Articles Re: Novo Mercado Regulations

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

1

Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2011

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

2

Approve Allocation of Income and Dividends

Management

Yes

For

For

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

3

Elect Directors

Management

Yes

For

Abstain

Bundled election so we are not able to vote in each candidate individually, although the company has disclosed all nominees’ details and complied with CVM minimum requirements.

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

4

Approve Remuneration of Executive Officers and Non-Executive Directors

Management

Yes

For

Against

The company has failed to disclose the individual and total remuneration in stock options.

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

5

Elect Fiscal Council Members and Approve Their Remuneration

Management

Yes

For

Abstain

Reasonable remuneration but the company has grouped two decisions in one voting item.

251,844

Weg S.A

WEGE3

BRWEGEACNOR0

24-Apr-12

Annual

Confirmed

251,844

6

Designate Newspapers to Publish Company Announcements

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

1

Accept Financial Statements and Statutory Reports

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

2

Approve that No Sum be Credited to Legal Reserve

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

3

Approve that No Sum be Set Aside to Contingency Reserve

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

4

Approve Distribution $18,070,576

Management

Yes

For

For

245,400

Wilson Sons Ltd.

��

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

5

Ratify KPMG as Auditors

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

6

Authorize Board to Fix Remuneration of the Auditors

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

7.1

Appoint Jose Francisco Gouvea Vieira as Chairman

Management

Yes

For

For

245,400

Wilson Sons Ltd.

BRWSONBDR009

27-Apr-12

23-Mar-12

Annual

Confirmed

245,400

7.2

Appoint William Henry Solomon as Vice-Chairman

Management

Yes

For

For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: Aberdeen Latin America Equity Fund, Inc.

By (Signature and Title):	/s/ Christian Pittard
	Christian Pittard
	President

Date: August 20, 2012