Proxy Blog

American Water Works Company, Inc. 

April 28, 2020

The annual proxy for this public utility company had the following proposals: 

  • Proforma votes on directors, the appointment of auditors, and executive compensation 

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 align director incentives with long-term value creation. 
  • For auditors – There appear to be no controversies with the financial statements of the company.
  • Against say-on-pay” – The company was not benchmarked against the peer group.