Proxy Blog

Otis Worldwide Corporation

March 31, 2021

The annual proxy for this manufacturer of elevators, escalators, and moving sidewalks had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposals on frequency of “say on pay” advisory votes 

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 annual votes on the board proposal regarding frequency of “say on pay” votes – Annual feedback from shareholders is good.