Proxy Blog

Omnicom Group, Inc. 

June 3, 2020

The annual proxy for this marketing and communications company had the following proposals: 

  1. Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Shareholder proposal on proxy access 

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 “say-on-pay” – The disclosures in the proxy do not meet the criteria in Magni’s policy on the advisory vote. 
  2. For shareholder proposal on proxy access – The proposal seeks to make access to the proxy process easier by reducing the restrictions on aggregating shares.