Proxy Blog

Diageo

August 20, 2018

Diageo, an alcoholic beverages company, provided its annual proxy. This proxy had the following proposals: 

  • Proforma votes on directors and appointment of auditors 
  • Proforma European-style votes on approval of accounts, annual confirmation of authorities, and compensation plans 
  • Board proposal on adopting new articles of association 

No supporting materials were available. Even the proxy voting site and the company website did not have materials.  

Transparency is a core element of good governance. This opaqueness is very contrary to good governance. Magni voted against all 19 proposals.