The annual proxy for this casino and resort company 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 and against directors – The disclosures meet the criteria in Magni’s policy on election of directors. That said, only one executive of the company needs to be on the board. Patrick Dumont is the junior of the two executives on the board, so we voted against him.
- For auditors – The company meets the criteria in Magni’s policy on auditor ratification.
- Against advisory vote – The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote.