Proxy Blog

Archer-Daniels-Midland Company

April 20, 2021

The annual proxy for this food processing and commodities trading corporation had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Shareholder proposal on aggregated proxy access 

Magni voted as follows: 

  1. 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. 
  2. 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.