Proxy Blog

Intercontinental Hotels Group PLC

December 7, 2018

Intercontinental Hotels Group PLC, a British hospitality company, provided a special proxy. This proxy had two board proposals related to a share activity. The net impact of the resolutions is to consolidate the ownership structure and repurchase sufficient shares to complete the transactions without shareholder dilution.

Magni voted for both proposals. Simplified ownership structures are consistent with good governance. Performing the simplification without causing shareholder dilution is good for shareholders.