July 2020

Country Ranking Trends Magni recently completed a review of South Korea’s regulatory environment. Both banking and insurance supervision improved. In particular, the opaqueness enveloping insurance regulation has dissipated. The resulting upgrades moved South Korea ahead of countries in the developed market, such as Hong Kong and Austria. Wirecard Looks Like Germany’s Enron The German payments […]

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Darden Restaurants, Inc.

The annual proxy for this restaurant company (e.g., Olive Garden, LongHorn Steakhouse, The Capital Grille) had the following proposals:  Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni voted for and against proforma proposals:  For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors.  For auditors – The company meets the criteria in Magni’s policy on auditor ratification.  Against “say-on-pay” – The disclosures in […]

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FedEx Corporation

The annual proxy for this courier delivery service had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Shareholder proposals on lobbying, political disclosure, employee representation on the board, written consent, ESG metrics into executive compensation  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For […]

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NetApp, Inc. 

The annual proxy for this cloud data services and data management company had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Shareholder proposal on written disclosure  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy […]

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NortonLifelock Inc. 

The annual proxy for this software company had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Shareholder proposal on political disclosure  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures in the proxy meet the criteria in Magni’s policy on election of directors. -For auditors – The company meets the criteria in Magni’s policy on auditor ratification. -Against compensation – The […]

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