The annual proxy for the premium clothing company had the following proposals:
- Proforma proposals on directors, appointment of auditors, and “say-on-pay” advisory vote
Magni 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 did not meet the criteria in Magni’s policy on the advisory vote.
