Proxy Blog

Agilent Technologies 

February 25, 2019

The annual proxy for this scientific solutions provider had the following proposals: 

  1. Proforma votes on directors and appointment of auditors 
  2. Special vote on board proposal to reserve 25 million shares for issuance under 2018 Stock Plan 

Magni voted as follows: 

  1. Magni voted 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 where the equity has restrictions to align director incentives with long-term value creation. The compensation levels are set using a benchmarking process.
    -Auditors – There appear to be no controversies with the financial statements of the company.
    -“Say-on-pay” – The shareholder engagement and peer group disclosures indicate good governance practices in executive compensation. 
  2. For board proposal. The stock plan authorizes the company to issue shares to a broad crosssection of the company’s employees. Boardbased share issuance is good for companies. Magni supported reserving shares for issuance under the plan.