The annual proxy for this diversified energy company had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
Magni for and against proforma proposals:
- For directors – One year ago Magni voted against one of the directors. This year that director is not a nominee. This year’s nominees and the disclosures related to the board are consistent with good governance.
- For auditors – There appear to be no controversies with the financial statements of the company.
- Against “say-on-pay” – The disclosures in the proxy regarding shareholder engagement and the peer group were vague and incomplete.