Proxy Blog

Intercontinental Exchange, Inc.

April 20, 2020

The annual proxy for this owner of financial and commodity exchanges had the following proposals: 

  • Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 

Magni voted for and against proforma proposals.

  • For directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. The compensation of directors is disclosed with a meaningful portion in equity, though the proxy materials are not clear about ownership guidelines
  • For auditors – There appear to be no controversies with the financial statements of the company.
  • Against say-on-pay”  The company was not benchmarked against the peer group.