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Toronto-Dominion Bank defeats shareholder proposals


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Toronto-Dominion Bank defeats shareholder proposals

Toronto-Dominion Bank scored wins against several shareholder proposals that the board recommended voting against.

Proposals regarding the removal of presence in tax havens, downward adjustment of executive compensation during a major layoff, the creation of a new technology committee, a change to executive compensation disclosure, stockholder approval for future retirement, and a change in the number of board members, did not receive the required number of votes required to pass.

At least 97.0% of votes were cast against each of the proposals.

The shareholder proposal regarding the adoption of a proxy access bylaw got 503,600,002 votes in favor, or 52.2%, and 460,710,709 votes against, or 47.8%.