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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Country Ranking Trends Magni completed a review of Thailand’s regulatory environment. The country has made meaningful progress in implementing previously enacted reforms to improve supervision of banks and insurance companies. Collectively, these upgrades improve Thailand’s score enough to move above five countries. With implementation of a few more reforms, Thailand has the potential to receive […]