Proxy Blog

Devon Energy Corporation

May 9, 2020

The annual proxy for this oil and gas exploration company had the following proposals: 

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

Magni voted 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 – There appear to be no controversies with the financial statements of the company. 
  • Against “say-on-pay” – The proxy material had the same incomplete disclosures on shareholder engagement activity and peer group benchmarking as last year.