Visa Inc. 

The annual proxy for this financial services company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni for and against proforma proposals:  For 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 […]

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Jacobs Engineering Group Inc. 

The annual proxy for this services company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni 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 incentives with long-term value creation. The compensation levels are set […]

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Intuit Inc. 

The annual proxy for this business and financial software company had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal on mandatory arbitration  Magni voted as follows:  For and against the proforma proposals. -For 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 […]

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October 2019

Country Ranking Trends Magni completed a review of Pakistan. The country has made less progress than previously believed in implementing reforms to improve its market integrity. High market integrity in a country means that companies can conduct routine transactions efficiently with little risk from corrupt influences. The downgrade causes Pakistan to fall below Peru in […]

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