Proxy Blog

Unilever PLC

April 3, 2019

The annual proxy for this BritishDutch consumer goods company had the following proposals: 

  1. Proforma votes on directors, appointment of auditors, and compensation (actually the British version of the proposals) 
  2. Proforma European votes on annual confirmation of authorities 

Magni voted as follows: 

  1. Magni voted for proforma proposals.
    -Directors – The board has a majority of independent directors and some have CEO/CFO experience with other companies. 
    -Auditors – There appear to be no controversies with the financial statements of the company.
    -Remuneration – The shareholder engagement and peer group disclosures indicate good governance practices in executive compensation. 
  2. For European proforma proposals. Under US laws and regulations, these matters are handled by the board, thus the topics do not warrant votes by shareholders of US companiesMagni usually votes in support of these topics, unless some controversy or issue has arisen that requires additional investigation or justifies a vote against.