Proxy Blog

Equity Residential 

May 12, 2020

The annual proxy for this real estate investment trust 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 did not disclose a shareholder engagement program despite a bullet point proclaiming that the company has one.