Proxy Blog

The Clorox Company 

October 23, 2020

The annual proxy for this consumer and professional products company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Board proposal to remove supermajority requirements from bylaws 

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 compensation- The disclosures in the proxy did not meet the criteria in Magni’s policy on the advisory vote. 
  2. For board proposal to remove supermajority requirements from bylaws. Per Magni policy, Magni routinely votes for these proposals