April 2018

Country Ranking Trends Magni completed a review of insurance regulation in India. Regulations that produce an open, transparent, and efficient market for insurance products enable better management of risk, thus allowing business leaders to undertake more initiatives to create value for shareholders. The review resulted in an upgrade of India’s Country Score. India has successfully […]

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Kroger Co.

The annual proxy for this supermarket chain had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on: -Proxy access -Board amendments  Shareholder proposals on: -Unrecyclable packaging and renewable energy -Independent chairman  Magni voted as follows:  Magni voted for all proforma proposals. -Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a […]

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DaVita

The annual proxy for the renal healthcare company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on proxy access  Magni voted as follows:  Magni voted for all proforma proposals. -Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align […]

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Mastercard

The annual proxy for the credit and debit card provider only had proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote:  Magni voted for all proposals on the proxy.  Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term value creation. […]

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Target

The annual proxy for the retail store company only had proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote:  Magni voted for all proposals on the proxy.  Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term value creation. The compensation […]

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Caterpillar

The annual proxy for this construction equipment manufacturer had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on: -Reducing threshold for special meeting -Adding compensation claw backs -Adding human rights qualifications for directors  Magni voted as follows:  Magni voted for all proforma proposals. -Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with […]

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BRF S.A. 

BRF S.A., a Brazilian food company, provided its annual proxy. This proxy had the following board proposals:  Increase in director compensation  Revise restricted share plan to support director compensation  Indemnify board members for actions not covered by D&O insurance  As with many foreign companies, disclosures are substantially below US (and European) standards. Magni voted as follows:  Against increase in director compensation – The proposal sought a 60% increase. No explanation or […]

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Iron Mountain

The annual proxy for the document retention company only had proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote.  Magni voted for all proposals on the proxy.  Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term value creation. […]

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Salesforce

The annual proxy for this sales and support software company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on: -Lowering threshold for calling special meetings -Eliminating supermajority voting requirements -Adding special reporting on high-risk regions  Magni voted as follows:  Magni voted for all proforma proposals. -Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors […]

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Carmax

The annual proxy for the nationwide used car dealer had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal on greater lobbying disclosure  Magni voted as follows:  Magni voted for all proforma proposals. -Directors. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director […]

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