The annual proxy for this semiconductor company had the following proposals:
- Proforma votes on directors, appointment of auditors, and compensation
- Shareholder proposal on written consent
Magni voted as follows:
- 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.
- Against shareholder proposal on written consent – Per the Magni position paper, Magni routinely votes against written consent proposals.