Proxy Blog

Colgate-Palmolive Company 

April 18, 2021

The annual proxy for this consumer goods company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Shareholder proposals on independent chairman and lowering threshold for special meetings 

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 shareholder proposals
    Independent chairman – Magni wrote a position paper regarding shareholder proposals for independent chairman.
    -Lowering the threshold for special meetings – Per the Magni position paper, Magni routinely votes in favor of these proposals.