Through mid-April we’ve noted at least three instances where the Audit Firm’s name was omitted in both the summary of items on the ballot in the Proxy Statement – and on the Proxy Card itself.
This is a totally unacceptable thing to do in our opinion – and makes us immediately suspicious about the company’s motive for omitting it - and very much inclined to vote NO.
As we have noted before, Votes-No on auditors have been creeping up - against the audit firms with 25+ year tenures and especially against the audit firm that consistently leads the pack with failing audits from PCAOB. We continue to say that treating auditor ratification as a “routine item” does not and ultimately will not pass the sniff test with voters who are truly “engaged.”
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