Company: NAZ
Filing Date: 2025-02-28
Form Type: N-2
Source: 0001839882-25-012465
Chunk: 126

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-02-28
Form: N-2
Chunk 126
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 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 interest directors. Separation of Chairman and Chief Executive Officer General Policy: We will consider supporting shareholder resolutions asking that the roles of chairman and CEO be separated when we believe the company’s board structure and operation has insufficient features of independent board leadership, such as the lack of a lead independent director. In addition, we may also support resolutions on a case-by-case basis where we believe, in practice, that there is not a bona-fide lead independent director acting with robust responsibilities or the company’s ESG practices or business performance suggest a material deficiency in independent influence into the company’s strategy and oversight. Shareholder rights Proxy access General Policy: We will consider on a case-by-casebasis shareholder proposals asking that the company implement a form of proxy access. In making our voting decision, we will consider several factors, including, but not limited to: current performance of the company, minimum filing thresholds, holding periods, number of director nominees that can be elected, existing governance issues and board/management responsiveness to material shareholder concerns. B-2 Ratification of auditor General Policy: We will generally support the board’s choice of auditor and believe that the auditor should be elected annually. However, we