Company: OIA
Filing Date: 2025-03-13
Form Type: 424B5
Source: 0001104659-25-023508
Chunk: 162

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-03-13
Form: 424B5
Chunk 162
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 all the rights within two years after vested for the subject fiscal year. However, B-29 this shall not apply to recipients who retire during the subject fiscal year. We assess the validity if a vesting period is regarded as too long. ● We generally vote against stock incentive plans granted to statutory auditors and audit committee board members at a company with Audit Committee. ● We separately consider stock incentive plans granted to audit committee board members, including both inside and outside directors, at a company with three Committees. ● We generally vote against stock incentive plans granted to any third parties other than employees. ● We generally vote against stock incentive plans in case a company is likely to adopt the plans as takeover defense. (3) Employee stock purchase plan ● We decide how to vote on proposals concerning employee stock purchase plans, taking into account the impact on shareholder value and rights, the scope and the rationales, and so on. (4) Retirement benefits for board directors ● We decide how to vote on proposals concerning grant of retirement benefits, taking into account the scope and scandals (if any) of recipients and business performance and scandals (if any) of the subject company, and so on. ● We generally vote for proposals granting retirement benefits if all the following criteria are satisfied. ● The granted amount is disclosed. ● Outside directors, statutory auditors and audit committee board members at a company with Audit Committees are excluded. ● Recipients do not cause any significant scandals during their tenures. ● The subject company does not make a loss for the three consecutive years, or its business performance is not determined to significantly lag behind the peers in the same industry. ● The company does not cause scandals that significantly impact society and damage, or are unlikely to damage, shareholder value during their tenures. ● The company does not engage in window-dressing or inadequate accounting practices during their tenures. 8. Cross-shareholdings If a company holds shares for the sake of business relations (cross shareholdings), the company should explain the medium- to long-term business and financial strategies, including capital costs, and disclose proxy voting guidelines, voting results, and so on. If the company does not give reasonable explanations and engage in constructive dialogues, we consider voting against the appointment of top executives. It is important that the company does not hinder the sales/reduction of cross shareholdings when a policy shareholder intends. ● If a company's cross shareholdings account for 20% or more of its net assets, we generally consider voting against the appointment of top executives. However