Proxy Blog

Fluor Corporation

October 31, 2020

The annual proxy for this engineering and construction firm had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposal on a revised incentive plan 

Magni voted as follows: 

  1. 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 – The company meets the criteria in Magni’s policy on auditor ratification.
    -Against compensation- The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal on a revised incentive plan. Per Magni policy, Magni votes in favor of many of these proposals.