Proxy Blog

Schlumberger Limited

March 8, 2021

The annual proxy for this oilfield services company had the following proposals: 

  1. Proforma votes on directors, appointment of auditorsand executive compensation 
  2. Proforma European vote on financials 
  3. Board proposals on equity incentive plans 

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 advisory vote – The disclosures in the proxy do not meet the criteria in Magni’s policy on the advisory vote. 
  2. For European proforma proposals. The company meets the criteria in Magni’s policy on European proposals. 
  3. For board proposals on equity incentive plan. Per Magni policy, Magni votes in favor of many of these proposals.