February 2021

Country Ranking Trends Magni recently completed assessments involving corporate insolvency structure in investible countries. Each country has laws and regulations regarding corporate governance in the processes for handling troubled companies; handling of such companies is important to investors. If a country has weaknesses in protecting the rights of shareholders when a company has financial trouble, […]

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The AES Corporation 

The annual proxy for this electrical power company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposal on requiring shareholder approval on changes  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures 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 […]

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Texas Instruments Incorporated 

The annual proxy for this semiconductor company had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Shareholder proposal on written consent  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures 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 advisory vote – The disclosures […]

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Regions Financial Corporation 

The annual proxy for this bank holding company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni for proforma proposals:  Directors – The disclosures meet the criteria in Magni’s policy on election of directors.   Auditors – The company meets the criteria in Magni’s policy on auditor ratification.  Advisory vote – The disclosures meet the criteria in Magni’s policy on the advisory vote. 

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Otis Worldwide Corporation

The annual proxy for this manufacturer of elevators, escalators, and moving sidewalks had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on frequency of “say on pay” advisory votes  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures meet the criteria in Magni’s policy on election of directors.  -For auditors – The company meets the criteria in Magni’s […]

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L3Harris Technologies, Inc. 

The annual proxy for this defense contractor and information technology services provider had the following proposals:  Proforma votes on directors, the appointment of auditors, and executive compensation  Magni voted for and against proforma proposals:  For directors – The disclosures 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 advisory vote – The disclosures in […]

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Kimberley-Clark Corporation 

The annual proxy for this personal care corporation had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Board proposals on equity plan, director compensation, and threshold for special meetings  Shareholder proposal on written consent  Magni voted as follows:  For and against proforma proposals. –For and against directors – The disclosures meet the criteria in Magni’s policy on election of directors with one exception. The slate of director candidates includes a […]

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Centerpoint Energy, Inc. 

The annual proxy for this electric and natural gas utility had the following proposals:  Proforma votes on directors, the appointment of auditors, and executive compensation  Magni voted for and against proforma proposals:  For directors – The disclosures 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 advisory vote – The disclosures in […]

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Carrier Global Corporation 

The annual proxy for this manufacturer of heating, ventilating and air conditioning systems had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Board proposals on frequency of “say-on-pay” advisory votes  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures meet the criteria in Magni’s policy on election of directors.  -For auditors – The company meets the criteria in Magni’s policy on […]

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Carnival Corporation 

The annual proxy for this British-American cruise operator had the following proposals:  Proforma votes on directors, appointment of auditors, and compensation  Proforma European votes on annual confirmation of authorities  Board proposal on stock plan  Magni voted as follows:  For and against proforma proposals. –For directors – The disclosures meet the criteria in Magni’s policy on election of directors.  -For auditors – The company meets the criteria in […]

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