Proxy Blog

The Mosaic Company 

May 9, 2020

The annual proxy for this miner of phosphate and potash had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote 
  2. Shareholder proposals on written consent and lobbying report 

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. There appear to be no controversies with the financial statements of the company.
    -Against “say-on-pay” – The lack of a shareholder engagement program needs to be addressed. 
  2. Against shareholder proposal on written consent –  Per the Magni position paper, Magni routinely votes against these proposals.