The annual proxy for this miner of phosphate and potash had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Shareholder proposals on written consent and lobbying report
Magni voted as follows:
- 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.
- Against shareholder proposal on written consent – Per the Magni position paper, Magni routinely votes against these proposals.