Proxy Blog

Prudential Financial, Inc.

April 10, 2021

The annual proxy for this insurance and financial services company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposals on incentive plan 
  3. Shareholder proposal on independent chairman 

Magni voted as follows: 

  1. For and against proforma proposals.
    For directors – The disclosures 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 advisory vote – The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal on incentive plans. Per Magni policy, Magni votes in favor of many of these proposals. 
  3. For the shareholder proposal on independent chairman – Magni wrote a position paper regarding shareholder proposals for independent chairman.