Johnson Controls International plc

This manufacturing conglomerate’s annual proxy had the following proposals:  Proforma votes on directors and appointment of auditors  Proforma European votes on annual confirmation of authorities  Magni voted as follows:  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 […]

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Emerson Electric Co.

The annual proxy for this manufacturing company had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals to declassify the board  Magni voted as follows:  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 […]

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Walgreens Boots Alliance, Inc. 

The annual proxy for this pharmacy-led, health and well–being company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on independent chairman, deferral period on executive compensation, and lowering threshold for special meetings  Magni voted as follows:  For and against the proforma proposals. -For directors – The board has a majority of independent directors, while the target skill sets for the board are disclosed along with the fit […]

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Davita Inc. 

The special proxy for this managed care provider had the following proposals:  Board proposal on special equity grant to the CEO  Magni voted against the proforma proposal. The proxy materials disclosed the nature of the proposal and explained some best practices used in the design of the award. That said, there was no explanation for why such a change should be made, and there was no explanation as to why […]

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Costco Wholesale Corporation 

The annual proxy for this chain of members-only warehouse stores had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal to permit removal of directors without cause  Shareholder proposal on director skills matrix and disclosure of director ideological perspectives  Magni voted as follows:  For and against proforma proposals. -Against directors – Directors do not stand for annual election. This staggered board structure is especially problematic given the preferred […]

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Accenture

This management consulting and professional services firm’s annual proxy had the following proposals:  Proforma votes on directors and appointment of auditors  Proforma European votes on annual confirmation of authorities  Board proposal on amended share incentive plan  Magni voted as follows:  Magni voted for all proforma proposals. -Directors – The board has a majority of independent directors, and the proxy materials explain the fit of the director nominees to the board’s needed skills. The compensation of directors is […]

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Magni’s Position on Proforma Proxy Proposals | ”Say-on-Pay” Advisory Vote 

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.   When Magni is voting a proxy, it means that one or more Magni clients have the associated security in an account. These accounts use a Magni Corporate Governance strategy so that the resulting portfolio contains the best governed companies, according to […]

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Magni’s Position on Proforma Proxy Proposals | Appointment of Auditors 

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. When Magni is voting a proxy, it means that one or more Magni clients have the associated security in an account. These accounts use a Magni Corporate […]

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Magni’s Position on Proforma Proxy Proposals | Election of Directors

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.   When Magni is voting a proxy, it means that one or more Magni clients have the associated security in an account. These accounts use a Magni Corporate Governance strategy so that the resulting portfolio contains the best governed companies, according to […]

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Magni’s Position on Incentive Plan Proxy Proposals

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. When Magni is voting a proxy, it means that one or more Magni clients have the associated security in an account. These accounts use a Magni Corporate […]

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