December 2018

Country Ranking Trends Governance in the investible countries continued to improve during 2018, though at the very slow rate of 0.25% (about a quarter of historical rates). Six countries improved, while eleven countries deteriorated. The biggest improvements were in India and Indonesia, and those more than offset the mostly small deteriorations. Yellow Vests are Distracting […]

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Magni Islamic Stewardship Index (MAGISLM) now available on IslamicMarkets.com

FOR IMMEDIATE RELEASE MINNEAPOLIS, MN, June 14, 2018 – Magni Global Asset Management and IslamicMarkets Limited today announced that the Magni Islamic Stewardship Index data will be available on IslamicMarkets.com. Magni launched the index at the end of February of this year. IslamicMarkets.com is the world’s first platform for the global Islamic economy, providing learning, financial […]

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Walmart

The annual proxy for this retailer had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on: -Independent chair -Racial or ethnic pay gaps  Magni voted as follows:  Magni voted for and against proforma proposals.  For all except one director. The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has […]

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3M

The annual proxy for this conglomerate had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Shareholder proposals on: -Threshold for special meetings -Target amounts on CEO compensation  Magni voted as follows:  Magni voted for all proforma proposals. -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of […]

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Allergan

This Irish pharmaceutical company’s annual proxy had the following proposals:  Proforma votes on directors and appointment of auditors  Proforma European votes on approval of accounts, annual confirmation of authorities, and compensation plans  Shareholder proposal on independent chairman  The available disclosures were incomplete and substantially less than found in an American proxy statement. Magni voted as follows:  For and Against proforma proposals. -For and against Directors – Four members of the slate (i.e., Basgoz, Coughlin, McDonnell, and O’Sullivan) are […]

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Aflac

The annual proxy for this insurance company had the following proposals:  Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote  Magni for all proforma proposals:  Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity where the equity has restrictions to align director incentives with long-term value creation. The compensation […]

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BlackRock CEO Larry Fink’s Annual Letter to CEOs: A Sense of Purpose

FOR IMMEDIATE RELEASE Minneapolis, MN, February 3, 2018 – With the publication last week of Larry Fink’s annual letter to CEOs, Magni is heartened to share specific passages that we believe endorse the very essence of our mission and investment philosophy. According to Fink, whose firm manages $6 trillion in assets, “Society is demanding that […]

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October 2017

Country Ranking Trends Magni upgraded Ireland following a review of the country’s market integrity. This upgrade combined with other recent ones makes Ireland the most rapidly improving country in the developed or emerging markets over the last year. Despite the upgrades, Ireland still ranks below more than half of the developed markets. Magni also completed […]

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Magni Launches 3 Country Governance Indexes: Emerging Markets (MAGEM); EAFE (MAGEAFE); All Country World ex US (MAGACWX)

First-ever indexes to track equity performance based on good governance at the country level FOR IMMEDIATE RELEASE MINNEAPOLIS, MN, September 6, 2017 – Magni Global Asset Management today announced the launch of three indexes that track equity performance at the country level of the three most used international indexes, Emerging Markets, EAFE, ACW ex US. […]

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