Company: NAZ
Filing Date: 2025-04-15
Form Type: N-2/A
Source: 0001999371-25-004231
Chunk: 123

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-15
Form: N-2/A
Chunk 123
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 ESG best practices; and (iv) whether the information and actions recommended by the resolution are reasonable and practical. The Guidelines are implemented by Nuveen’s Responsible Investing Team (RI Team) and applied in consideration of the facts and circumstances of the particular resolution. The RI Team relies on its professional judgment informed by proprietary research and reports provided by a various third-party research providers. The portfolio managers of the Advisers maintain the ultimate decision-making authority with respect to how proxies will be voted, and may determine to vote contrary to the Guidelines if such portfolio manager determines it is in the best interest of the respective Adviser’s clients to do so. The rationale for votes submitted contrary to the Guidelines will be documented and maintained. II. Accountability and transparency Board of directors Elect directors General Policy: We generally vote in favor of the board’s nominees but will consider withholding or voting against some or all directors in the following circumstances: When we conclude that the actions of directors are unlawful, unethical, negligent, or do not meet fiduciary standards of care and loyalty, or are otherwise not in the best interest of shareholders. Such actions would include: Egregious compensation practices Lack of responsiveness to a failed vote Unequal treatment of shareholders B-1 Adoption of inappropriate antitakeover devices When a director has consistently failed to attend board and committee meetings without an appropriate rationale being provided Independence When board independence is not in line with local market regulations or best practices When a member of executive management sits on a key board committee that should be composed of only independent directors When directors have failed to disclose, resolve or eliminate conflicts of interest that affect their decisions Board refreshment When there is insufficient diversity on the board and the company has not demonstrated its commitment to adding diverse candidates When we determine that director tenure is excessive and there has been no recent board refreshment Contested elections General Policy: We will support the candidates we believe will represent the best interests of shareholders. Majority vote for the election of directors General Policy: We generally support shareholder resolutions asking that companies amend their governance documents to provide for director election by majority vote. Establish specific board committees General Policy: We generally vote against shareholder resolutions asking the company to establish specific board committees unless we believe specific circumstances dictate otherwise. Annual election of directors General Policy: We generally support shareholder resolutions asking that each member of the board of a publicly traded operating company stand for re-electionannually. Cumulative voting General Policy: We generally do not support proposals asking that shareholders be allowed to cumulate votes in director elections, as this practice may encourage the election of special