Proxy Blog

Cardinal Health, Inc.

October 9, 2020

The annual proxy for this provider of medical products and services to medical institutions had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and compensation 
  2. Board proposal on threshold for special meeting 
  3. Shareholder proposals on threshold for special meeting and independent chairman 

Magni voted as follows: 

  1. For and against proforma proposals.
    For directors – The disclosures in the proxy 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 compensation- The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal on threshold for shareholder meetings – The proposal meets the criteria in Magni’s policy on lowering threshold for special meetings. 
  3. For shareholder proposals
    Threshold for shareholder meetings – The proposal meets the criteria in Magni’s policy on lowering threshold for special meetings.
    -Independent chairman – Per the Magni position paper, Magni routinely votes for these proposals.