Proxy Blog

ONEOK, Inc. 

April 27, 2020

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.