Country Ranking Trends Magni completed another periodic review of Market Integrity. Countries with high market integrity enable routine business transactions to be conducted in an open, transparent, and efficient manner. Those countries are also more conducive to business growth and more attractive for investment. The review confirmed existing scores and hence Magni Country Scores are […]

FOR IMMEDIATE RELEASE MINNEAPOLIS, MN, June 14, 2018 – Magni Global Asset Management and IslamicMarkets Limited today announced that the Magni Islamic Stewardship Index data will be available on IslamicMarkets.com. Magni launched the index at the end of February of this year. IslamicMarkets.com is the world’s first platform for the global Islamic economy, providing learning, financial […]

Yandex N.V., a multinational corporation specializing in Internet-related services and products, provided an annual proxy containing 11 proposals covering proforma, European proforma, and board proposals.   One of the board proposals was to eliminate Class C shares. An extensive proxy document was provided, yet despite 850 pages of information many questions were unanswered.  Each existing Class C share counts as nine votes whereas other classes only carry one vote. Normally, a shift […]

Vodafone Group plc, a British multinational telecommunications conglomerate, provided its annual proxy. This proxy had the following proposals:  Proforma votes on directors and appointment of auditors  Proforma European votes on approval of accounts and annual confirmation of authorities  Board proposals on new articles of association  No proxy statement was available, though references to the existence of one can be found online. Magni voted as follows:  Against proforma proposals. -Directors. The lack of […]

The annual proxy 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 levels are set using […]