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.
