Proxy Blog

CDW Corporation 

April 28, 2020

The annual proxy for this provider of technology and related services had the following proposals: 

  • Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 

Magni voted as follows: 

For and against proforma proposals.

  • For 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.
  • For auditors – There appear to be no controversies with the financial statements of the company.
  • Against say-on-pay” – The proxy materials did not disclose a shareholder engagement program.