January 2020

Country Ranking Trends January was another of the occasional months where there were no changes in Magni Country Governance Scores. Brexit Is Happening The Withdrawal Agreement Act has passed the upper and lower parliamentary chambers, and Queen Elizabeth II signed off on the legislation thus making the law official. The European Parliament voted on January […]

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Governance is the Real Weakness in China

February 2020 There is an old expression: “What you can’t see can’t hurt you”. I was reminded of it as I read an article about China’s response to the coronavirus. The article documents the shortcomings in how China has responded to the crisis. Read “Governance is the Real Weakness in China“

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The Walt Disney Company 

The annual proxy for this entertainment company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on incentive compensation plan  Shareholder proposal on political disclosure  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, though the equity does […]

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F5 Networks, Inc. 

The annual proxy for this network services company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on incentive compensation plan  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, though the equity does not have restrictions […]

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Applied Materials, Inc.

The annual proxy for this provider of equipment, software, and services for the semiconductor industry had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposal on written consent  Magni voted as follows:  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 […]

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Agilent Technologies, Inc. 

The annual proxy for this scientific solutions provider had the following proposals:  Proforma votes on directors and appointment of auditors  Board proposal to approve employee stock purchase plan  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, though the […]

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TE Connectivity Ltd.

The annual proxy for this manufacturer of connectivity and sensor products had the following proposals:  Proforma votes on directors, appointment of auditors, and executive compensation  Board proposal to cancel share purchase program  Proforma Swiss votes   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 […]

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Starbucks Corporation 

The annual proxy for this coffee company and coffeehouse chain had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal on EEO Policy Risk Report  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, along […]

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Keysight Technologies, Inc. 

The annual proxy for this provider of electronic design, test, and related solutions 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 […]

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Digital Realty Trust, Inc. Proposal to Increase Control of InterXion Holding N.V. 

Digital Realty Trust, Inc. Proxy   The proxy had two proposals related to the issuance of shares:  To approve the issuance of shares  To approve adjourn special meeting or time to solicit more proxy votes  Magni voted against both proposals. The proxy is very technical with poor quality overview material. The transaction involves a lot of entities, while the underlying relationships among the entities […]

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