The annual proxy for this producer of medicine and vaccinations for pets and livestock had the following proposals:
- Proforma votes on directors, appointment of auditors, and “say-on-pay” advisory vote
- Shareholder proposal on simple majority vote
Magni voted as follows:
- For and against proforma proposals.
–For directors – The disclosures meet the criteria in our policy on election of directors.
-For auditors – The company meets the criteria in our policy on auditor ratification.
-Against advisory vote – The disclosures in the proxy did not meet the criteria in our policy on the advisory vote.
- For shareholder proposal on simple majority – The proposal eliminates supermajority provisions. Many supermajority requirements are a legacy of the 1980s.