Proxy Blog

The PNC Financial Services Group, Inc. 

March 22, 2021

The annual proxy for this bank holding and financial services corporation had the following proposals: 

  1. Proforma votes on directors, the appointment of auditors, and executive compensation 
  2. Shareholder proposal on risk management and the nuclear weapons industry 

Magni voted as follows: 

  1. 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. 
  2. Against shareholder proposal on risk management and nuclear weapons industry. The company does not make nuclear weapons or components used in nuclear weapons.