The annual proxy for this food processing and commodities trading corporation had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Shareholder proposal on aggregated proxy access
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 in the proxy did not meet the criteria in Magni’s policy on the advisory vote.
- For shareholder proposal on aggregated proxy access – Well governed companies should be proactive in managing shareholder relationships. Enabling access to proxies is part of such relationships.