Norwegian Cruise Line Holdings Ltd.
Shareholder Proposals
Item 6
G
Declassify the board and require annual elections so each director is elected every year.
Request that the company reorganize its staggered (classified) board into a single class so that all directors stand for election annually. The proponent argues this change increases shareholder accountability by enabling shareholders to evaluate and elect each director every year rather than on a three-year cycle. The supporting statement cites proxy advisory firms and major institutional investors (ISS, Glass Lewis, BlackRock, Vanguard, State Street, Fidelity) and refers to empirical research and governance best practices favoring annual director elections. The shareholder proponent is The Accountability Board, Inc., which submitted the proposal for consideration at the 2026 annual meeting.