Magni’s Position on Proxy Written Consent Proposals 

September 17, 2018  Magni votes company proxies on behalf of clients and is guided in its votes by applying corporate governance best practices as described in Magni’s Sustainable Value Creation principles.  Written consent is a proxy proposal that is made by shareholders of a company. The intent of written consent is to change company bylaws to enable resolutions to pass without shareholder meetings thus making shareholder proposals easier to adopt. However, written consent, if adopted, could have very negative consequences. In companies with few entities […]

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Magni CEO Co-authors “Governance and Sustainability” Article for RFI Magazine

In business, good governance complements and enhances environmental sustainability. This is the subject of a new article written by Kurt Lieberman, Magni CEO, and Daud Vicary Abdullah, which appeared in the August 2018 edition of the Responsible Finance & Investment magazine. “Sustainability is at the forefront of many discussions about the future, yet the word […]

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Proxy Voting Analysis: Magni Launches New Shareholder Engagement Blog on Good Governance of Companies

FOR IMMEDIATE RELEASE MINNEAPOLIS, MN, September 10, 2018 – Magni Global Asset Management today announced the launch of a new blog that curates the firm’s voting history on publicly held companies’ board and shareholder proposals. Importantly, the Magni Proxy Voting blog provides a narrative of good governance among large-cap companies in the US and abroad. […]

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Fedex

The annual proxy for this courier delivery service had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on: -Lobbying disclosure -Written consent -Shareholder approval of bylaw changes  Magni voted as follows:  Magni voted for the 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 […]

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Magni_Islamic_Stewardship_Index

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