Summary
Carnival Corporation and Carnival plc held their Annual Meetings on April 16, 2025, with a significant turnout of proxies representing 967,256,171 eligible shares. The company's shareholders overwhelmingly approved all proposals put forth by the Boards of Directors, including the re-election of all director nominees and the approval of executive compensation on an advisory basis. This strong shareholder support indicates confidence in the current leadership and strategic direction of the company.
Key Highlights
- 1All director nominees for Carnival Corporation and Carnival plc were successfully re-elected with substantial majority support.
- 2Shareholders provided advisory approval for executive compensation with a significant majority vote in favor.
- 3The company's proposed remuneration reports and policies, including the Directors’ Remuneration Report and the Directors’ Remuneration Policy, were approved by shareholders.
- 4Deloitte LLP was appointed as the independent auditor for Carnival plc and Deloitte & Touche LLP was ratified for Carnival Corporation, with near-unanimous shareholder approval.
- 5Shareholders authorized the Audit Committee to determine auditor remuneration and approved the receipt of the Directors and auditor's reports for the year ended November 30, 2024.
- 6The company received broad approval for authorizing the allotment of new shares and disapplying pre-emption rights, suggesting shareholder confidence in future capital raising activities.
- 7The amendment to the Carnival Corporation 1993 Employee Stock Purchase Plan was also approved by a significant majority.
Frequently Asked Questions
All director nominees presented at the Annual Meetings were overwhelmingly re-elected by shareholders, indicating strong support for the current board's composition and leadership.
Shareholders voted in favor of the non-binding advisory vote to approve executive compensation, with a substantial majority supporting the resolution, reflecting confidence in the company's compensation practices.
While all proposals were approved, the election of Stuart Subotnick and Randy Weisenburger as directors, and the proposal to approve the giving of authority for the allotment of new shares by Carnival plc, received a higher number of 'Against' votes compared to other director elections, though still passed with significant majority support.
The overwhelming approval for the appointment of Deloitte LLP and Deloitte & Touche LLP as independent auditors, along with the authorization for the Audit Committee to determine their remuneration, underscores shareholder confidence in the company's financial oversight and transparency.