Proxy Vote Update: Microsoft (11/30/2021)

rF Voting Results:

1. Vote for the election of of the following nominees:
   1. Reid G. Hoffman – FOR
   2. Hugh F. Johnston – FOR
   3. Teri L. List – FOR
   4. Satya Nadella Against – Chairman and CEO are the same person.
   5. Sandra E. Peterson – FOR
   6. Penny S. Pritzker – FOR
   7. Carlos A. Rodriguez – FOR
   8. Charles W. Scharf – FOR
   9. John W. Stanton – FOR
   10. John W. Thompson – FOR
   11. Emma N. Walmsley – FOR
   12. Padmasree Warrior – FOR
2. Advisory Vote to Approve Named Executive Officer Compensation. – Against – NEO compensation is somewhat tied to total shareholder return, however the amount awarded is excessive. Since 2019 Nadella, Hood, Courtois, and Smith have experienced 11-18% pay increases. Average amount to the NEOs is $27.7 Million compared to the median employee salary of $176,858. Annual total compensation of CEO to annual total compensation of median employee is 282 to 1. 
3. Approve Employee Stock Purchase Plan. – FOR
4. Ratification of the Selection of Deloitte & Touche LLP as our Independent Auditor for Fiscal Year 2022. – FOR
5. Shareholder Proposal – Report on median pay gaps across race and gender. Abstain
6. Shareholder Proposal – Report on effectiveness of workplace sexual harassment policies. – FOR
7. Shareholder Proposal – Prohibition on sales of facial recognition technology to all government entities. Abstain
8. Shareholder Proposal – Report on implementation of the Fair Chance Business Pledge. – FOR
9. Shareholder Proposal – Report on how lobbying activities align with Company policies. Abstain