Proxy Blog

Industrias Bachoco, S.A.B. de C.V. 

April 10, 2019

The annual proxy for this Mexican poultry producer had nine proposals. The proxy did not allow individual voting for director nominees. There was no vote on the auditor. Preventing shareholders from providing input on individual directors and not making the auditors accountable to shareholders in any way is inconsistent with good governance. As such, Magni voted voted against all nine proposals.