Proxy Blog

Baxter International Inc. 

April 9, 2021

The annual proxy for this health care company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposals on omnibus plan and ESPP amendments 
  3. Shareholder proposals on independent chairman and written consent 

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 board proposals on Omnibus plan and ESPP amendments – Per Magni policy, Magni votes in favor of many of these proposals.  
  3. For and against the shareholder proposals. 
    For independent chairman – Magni wrote a position paper regarding shareholder proposals for independent chairman. 
    -Against written consent. Per the Magni position paper, Magni routinely votes against written consent proposals.