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NOVO NORDISK A/S 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated October 14, 2026.

  • 56Reported items
  • 192Asset managers
  • 10,864Fund votes
  • March 27, 2025Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from NOVO NORDISK A/S has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore NOVO NORDISK A/S in the interactive database Compare manager voting policies

How asset managers voted at the NOVO NORDISK A/S 2024-2025 meeting

Each item below shows how the 192 asset managers that disclosed a NOVO NORDISK A/S vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of NOVO NORDISK A/S’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Reelect Andreas Fibig as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,772,195 for, 713,882 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,772,195ABSTAIN: 713,882
Largest asset managers voting on “Reelect Andreas Fibig as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

2. Reelect Christina Law as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,772,195 for, 713,882 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,772,195ABSTAIN: 713,882
Largest asset managers voting on “Reelect Christina Law as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

3. Reelect Helge Lund (Chair) as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 375,759,821 for, 4,726,256 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 375,759,821ABSTAIN: 4,726,256
Largest asset managers voting on “Reelect Helge Lund (Chair) as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,604,6190 64,9470For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO00 1,337,0230Abstain
Northern Trust1,124,8250 187,6760Mixed
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

4. Reelect Henrik Poulsen (Vice Chair) as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 94 asset managers

The 94 asset managers below reported 297,370,200 for, 83,115,877 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 297,370,200ABSTAIN: 83,115,877
Largest asset managers voting on “Reelect Henrik Poulsen (Vice Chair) as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity255,5410 24,526,9690Abstain
TIAA00 22,158,9890Abstain
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional00 6,846,6130Abstain
State Street00 5,411,7900Abstain
T. Rowe Price4,043,9990 00For
Invesco237,6070 3,500,4840Mixed
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,604,6190 64,9470For
American Century00 2,526,6960Abstain
BNY Mellon2,316,2960 177,9910Mixed
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree00 2,053,9380Abstain
JANUS INVESTMENT FUND00 1,887,4550Abstain
DWS00 1,824,3880Abstain
Columbia Threadneedle1,431,1950 00For
GMO00 1,337,0230Abstain
Northern Trust00 1,312,5010Abstain
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

5. Reelect Kasim Kutay as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 94 asset managers

The 94 asset managers below reported 318,477,734 for, 62,008,343 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 318,477,734ABSTAIN: 62,008,343
Largest asset managers voting on “Reelect Kasim Kutay as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,526,9690 255,5410For
TIAA00 22,158,9890Abstain
Goldman Sachs15,003,2770 124,7250For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS00 11,746,5320Abstain
Dimensional00 6,846,6130Abstain
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,604,6190 64,9470For
American Century00 2,526,6960Abstain
BNY Mellon2,316,2960 177,9910Mixed
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree00 2,053,9380Abstain
JANUS INVESTMENT FUND00 1,887,4550Abstain
DWS00 1,824,3880Abstain
Columbia Threadneedle1,431,1950 00For
GMO00 1,337,0230Abstain
Northern Trust00 1,312,5010Abstain
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

6. Reelect Laurence Debroux as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,194,578 for, 1,291,499 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,194,578ABSTAIN: 1,291,499
Largest asset managers voting on “Reelect Laurence Debroux as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

7. Reelect Martin Mackay as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,589,176 for, 896,901 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,589,176ABSTAIN: 896,901
Largest asset managers voting on “Reelect Martin Mackay as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

8. Reelect Sylvie Gregoire as Director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,516,531 for, 969,546 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,516,531ABSTAIN: 969,546
Largest asset managers voting on “Reelect Sylvie Gregoire as Director” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,124,8250 187,6760Mixed
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

9. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF ANDREAS FIBIG

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 99,365,722 for, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,365,722UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF ANDREAS FIBIG” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

10. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF CHRISTINA LAW

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 99,365,722 for, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,365,722UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF CHRISTINA LAW” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

11. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF HELGE LUND AS CHAIR

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FORABSTAIN
Details: votes by 39 asset managers

The 39 asset managers below reported 24,162,456 for, 75,203,266 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 24,162,456ABSTAIN: 75,203,266UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF HELGE LUND AS CHAIR” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock00 59,662,7600Abstain
Six Circles Trust00 13,540,3940Abstain
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust2,925,0020 186,2220Mixed
Jackson National1,535,8790 641,2240Mixed
HARBOR FUNDS1,210,2790 00For
John Hancock959,8630 89,9780Mixed
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO00 327,6900Abstain
Natixis32,4680 293,7400Mixed
Allianz00 242,8360Abstain
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series00 111,3140Abstain
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial00 92,3300Abstain
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

12. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF HENRIK POULSEN AS VICE CHAIR

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 94,842,365 for, 4,523,357 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 94,842,365ABSTAIN: 4,523,357UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF HENRIK POULSEN AS VICE CHAIR” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust1,553,1520 1,558,0720Mixed
Jackson National1,819,2590 357,8440Mixed
HARBOR FUNDS18,8960 1,191,3830Abstain
John Hancock19,2860 1,030,5550Abstain
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust60,3900 15,8980Mixed
CARILLON SERIES TRUST00 65,8380Abstain
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

13. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF KASIM KUTAY

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 95,175,767 for, 4,189,955 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 95,175,767ABSTAIN: 4,189,955UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF KASIM KUTAY” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust1,553,1520 1,558,0720Mixed
Jackson National2,040,5460 136,5570Mixed
HARBOR FUNDS18,8960 1,191,3830Abstain
John Hancock131,4010 918,4400Mixed
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust60,3900 15,8980Mixed
CARILLON SERIES TRUST00 65,8380Abstain
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

14. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF LAURENCE DEBROUX

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 99,071,982 for, 293,740 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,071,982ABSTAIN: 293,740UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF LAURENCE DEBROUX” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

15. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF MARTIN MACKAY

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 98,736,585 for, 629,137 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 98,736,585ABSTAIN: 629,137UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF MARTIN MACKAY” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust2,775,8270 335,3970Mixed
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

16. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF SYLVIE GREGOIRE

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 98,649,422 for, 716,300 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 98,649,422ABSTAIN: 716,300UNKNOWN: 7,340
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF SYLVIE GREGOIRE” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National1,770,4410 406,6620Mixed
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust60,3900 15,8980Mixed
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

17. Approve Creation of DKK 44.7 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 44.7 Million Pool…

No official resultsCAPITAL STRUCTURE

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 94 asset managers

Description as filed by funds: Approve Creation of DKK 44.7 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 44.7 Million Pool of Capital without Preemptive Rights; Maximum Increase in Share Capital under Both Authorizations up to DKK 44.7 Million

The 94 asset managers below reported 380,467,786 for, 18,291 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,467,786AGAINST: 18,291
Largest asset managers voting on “Approve Creation of DKK 44.7 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 44.7 Mill” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

18. Authorize Share Repurchase Program

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 380,486,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,486,077
Largest asset managers voting on “Authorize Share Repurchase Program” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

19. PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 39 asset managers

Description as filed by funds: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY TO REPURCHASE OWN SHARES

The 39 asset managers below reported 99,365,722 for, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,365,722UNKNOWN: 7,340
Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO ALLOW THE ” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

20. PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO INCREASE THE…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

Combines 2 wordings of this item as funds reported it.

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 39 asset managers

Description as filed by funds: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S SHARE CAPITAL

The 39 asset managers below reported 99,263,339 for, 102,383 against, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,263,339AGAINST: 102,383UNKNOWN: 7,340
Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: AUTHORIZATION TO THE BOARD OF DIRECTORS TO INCREASE T” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS0102,383 00Against
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

21. Accept Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 380,486,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,486,077
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

22. Approve Allocation of Income and Dividends of DKK 7.9 Per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 380,486,077 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,486,077
Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 7.9 Per Share” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

23. PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2024

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 99,373,062 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,373,062
Largest asset managers voting on “PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

24. RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2024

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 99,373,062 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,373,062
Largest asset managers voting on “RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

25. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 40,538,352 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,538,352
Largest asset managers voting on “Accounts and Reports” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS67,4890 00For
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST10,2840 00For
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

26. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 40,538,352 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,538,352
Largest asset managers voting on “Allocation of Profits/Dividends” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS67,4890 00For
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST10,2840 00For
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

27. Approve Remuneration Level of Directors for 2025

99.9% of fund votes cast · no official result

FOR
Details: votes by 95 asset managers

The 95 asset managers below reported 380,820,693 for, 134,533 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,820,693AGAINST: 134,533
Largest asset managers voting on “Approve Remuneration Level of Directors for 2025” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.

28. Approve Remuneration of Directors for 2024

99.9% of fund votes cast · no official result

FOR
Details: votes by 95 asset managers

The 95 asset managers below reported 380,820,693 for, 134,533 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 380,820,693AGAINST: 134,533
Largest asset managers voting on “Approve Remuneration of Directors for 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 95 asset managers. See all 95 in the interactive database.

29. REMUNERATION: APPROVAL OF THE REMUNERATION LEVEL OF THE BOARD OF DIRECTORS FOR 2025

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 99,421,282 for, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,421,282UNKNOWN: 7,340
Largest asset managers voting on “REMUNERATION: APPROVAL OF THE REMUNERATION LEVEL OF THE BOARD OF DIRECTORS FOR 2025” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO55,5600 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For

Showing the 25 largest of 40 asset managers. See all 40 in the interactive database.

30. REMUNERATION: APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2024

100% of fund votes cast · no official result

FOR
Details: votes by 40 asset managers

The 40 asset managers below reported 99,421,282 for, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 99,421,282UNKNOWN: 7,340
Largest asset managers voting on “REMUNERATION: APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis326,2080 00For
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO55,5600 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For

Showing the 25 largest of 40 asset managers. See all 40 in the interactive database.

31. Directors' Fees (2024)

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 30 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 27 asset managers voting on “Directors' Fees (2024)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS67,4890 00For
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST010,284 00Against
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Fund voting reports, all 27 managers: 40,528,068 for, 10,284 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Directors' Fees (2024)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Privatfonds GmbH6,281,1170 00For
FAYEZ SAROFIM & CO633,0650 00For
Union Investment Institutional GmbH234,1490 00For

Institutional-manager reports, all 3 managers: 7,148,331 for.

32. Directors' Fees (2025)

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 30 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 27 asset managers voting on “Directors' Fees (2025)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS67,4890 00For
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST010,284 00Against
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Fund voting reports, all 27 managers: 40,528,068 for, 10,284 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 3 asset managers voting on “Directors' Fees (2025)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Privatfonds GmbH6,281,1170 00For
FAYEZ SAROFIM & CO633,0650 00For
Union Investment Institutional GmbH234,1490 00For

Institutional-manager reports, all 3 managers: 7,148,331 for.

33. Approve Remuneration Report (Advisory Vote)

99.9% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 100 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 93 asset managers voting on “Approve Remuneration Report (Advisory Vote)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Fund voting reports, all 93 managers: 380,137,210 for, 346,933 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 7 asset managers voting on “Approve Remuneration Report (Advisory Vote)” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
JPMorgan20,576,9570 00For
APG Asset Management US Inc.15,010,2850 00For
Walter Scott & Partners Ltd14,320,3370 00For
Desjardins Global Asset Management Inc.907,8140 00For
Close Asset Management Ltd469,1490 00For
Plato Investment Management Ltd6,0240 00For
RWC Asset Management LLP1,9340 00For

Institutional-manager reports, all 7 managers: 51,292,500 for, 336,703 not voted.

34. PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2024

Combines 2 wordings of this item as funds reported it.

99.7% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 71 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 38 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust3,111,2240 00For
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,468293,740 00Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Fund voting reports, all 38 managers: 99,071,982 for, 293,740 against. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 35 asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2024” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock116,386,0620 00For
National Pension Service13,347,7210 00For
WCM INVESTMENT MANAGEMENT, LLC12,411,6400 00For
BAILLIE GIFFORD OVERSEAS LTD10,591,135136,922 00For
Fiera Capital Corp6,623,6630 00For
BAILLIE GIFFORD & CO LTD3,852,2300 00For
Korea Investment CORP2,658,6770 00For
BAILLIE GIFFORD & CO1,727,8620 00For
Treasurer of the State of North Carolina864,1790 00For
1832 Asset Management L.P.775,4460 00For
Northern Trust681,1360 00For
ORBIMED ADVISORS LLC550,2000 00For
JARISLOWSKY, FRASER Ltd344,6900 00For
Siemens Fonds Invest GmbH0150,212 00Against
Clear Harbor Asset Management, LLC100,0000 00For
BANK OF NOVA SCOTIA84,0000 00For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO55,5600 00For
CASTLEARK MANAGEMENT LLC47,0100 00For
Cumberland Partners Ltd33,4600 00For
South Dakota Investment Council27,8870 00For
NATIONAL BANK TRUST INC.13,0450 00For
XPONANCE, INC.8,5850 00For
Rock Creek Group, LP7,9640 00For
ZEVIN ASSET MANAGEMENT LLC00 00--
GRIMES & Co WEALTH MANAGEMENT, LLC7,1000 00For

Institutional-manager reports, all 35 managers: 171,204,209 for, 287,134 against, 184 abstained, 7,340 unknown. Showing the 25 largest; see all in the interactive database.

35. Remuneration Report

No official resultsFund totals may overlapSECTION 14A SAY-ON-PAY VOTES

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 31 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 27 asset managers voting on “Remuneration Report” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS67,4890 00For
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST10,2840 00For
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Fund voting reports, all 27 managers: 40,538,352 for. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 4 asset managers voting on “Remuneration Report” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Union Investment Privatfonds GmbH6,281,1170 00For
FAYEZ SAROFIM & CO633,0650 00For
Union Investment Institutional GmbH234,1490 00For
ALGERT GLOBAL LLC201,7980 00For

Institutional-manager reports, all 4 managers: 7,350,129 for.

36. Ratify Deloitte as Auditors; Ratify Deloitte as Auditors for Sustainability Reporting

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 94 asset managers

The 94 asset managers below reported 379,026,072 for, 1,460,005 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 379,026,072ABSTAIN: 1,460,005
Largest asset managers voting on “Ratify Deloitte as Auditors; Ratify Deloitte as Auditors for Sustainability Reporting” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group99,037,2040 00For
Vanguard89,221,1290 00For
EUPAC FUND39,274,2830 00For
Fidelity24,782,5100 00For
TIAA22,158,9890 00For
Goldman Sachs15,128,0020 00For
INVESTMENT CO OF AMERICA14,922,8500 00For
MFS11,746,5320 00For
Dimensional6,846,6130 00For
State Street5,411,7900 00For
T. Rowe Price4,043,9990 00For
Invesco3,738,0910 00For
NEW ECONOMY FUND2,925,6890 00For
AllianceBernstein2,804,4920 00For
Legg Mason2,669,5660 00For
American Century2,526,6960 00For
BNY Mellon2,494,2870 00For
INTERNATIONAL GROWTH & INCOME FUND2,410,5740 00For
WisdomTree2,053,9380 00For
JANUS INVESTMENT FUND1,887,4550 00For
DWS1,824,3880 00For
Columbia Threadneedle1,431,1950 00For
GMO1,337,0230 00For
Northern Trust1,312,5010 00For
Putnam1,256,4160 00For

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

37. APPOINTMENT OF AUDITOR: RE- APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 39 asset managers

The 39 asset managers below reported 98,736,585 for, 629,137 abstained, 7,340 unknown. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 98,736,585ABSTAIN: 629,137UNKNOWN: 7,340
Largest asset managers voting on “APPOINTMENT OF AUDITOR: RE- APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock59,662,7600 00For
Six Circles Trust13,540,3940 00For
Investment Managers Series Trust8,516,3610 00For
Vanguard6,826,3300 00For
Bridge Builder Trust2,775,8270 335,3970Mixed
Jackson National2,177,1030 00For
HARBOR FUNDS1,210,2790 00For
John Hancock1,049,8410 00For
BAILLIE GIFFORD FUNDS999,3210 00For
MASTER INVESTMENT PORTFOLIO327,6900 00For
Natixis32,4680 293,7400Mixed
Allianz242,8360 00For
First Trust210,9000 00For
Harbor ETF Trust165,8500 00For
Brighthouse148,7770 00For
Managed Account Series111,3140 00For
GREEN CENTURY FUNDS102,3830 00For
Lincoln Financial92,3300 00For
PFM Multi-Manager Series Trust76,2880 00For
CARILLON SERIES TRUST65,8380 00For
Guardian Variable Products Trust64,3790 00For
Listed Funds Trust48,2460 00For
OPTIMUM FUND TRUST41,7180 00For
BUFFALO FUNDS40,0000 00For
Tema ETF Trust34,5080 00For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

38. Appointment of Auditor; Appointment of Auditor for Sustainability Reporting

No official resultsAUDIT-RELATED

99.8% of fund votes cast · no official result

FOR
Details: votes by 27 asset managers

The 27 asset managers below reported 40,460,579 for, 77,773 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,460,579AGAINST: 77,773
Largest asset managers voting on “Appointment of Auditor; Appointment of Auditor for Sustainability Reporting” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard23,247,8820 00For
Charles Schwab9,009,1350 00For
Prudential/PGIM3,835,0430 00For
Russell Investments1,089,4940 00For
Hartford1,078,9540 00For
SEI521,1730 00For
Neuberger Berman316,2780 00For
Fidelity306,4300 00For
IMPAX FUNDS SERIES TRUST I284,3930 00For
Mercer Funds192,7300 00For
Federated Hermes177,8580 00For
Nationwide84,7830 00For
PACE SELECT ADVISORS TRUST81,9680 00For
GUINNESS ATKINSON FUNDS067,489 00Against
IMPAX FUNDS SERIES TRUST III54,6780 00For
New York Life37,0800 00For
Morgan Stanley34,7980 00For
SEI Exchange Traded Funds27,4310 00For
Brown Capital Management Mutual Funds24,5610 00For
Equitable19,0560 00For
Global X13,4400 00For
Brighthouse13,3330 00For
DOMINI INVESTMENT TRUST010,284 00Against
Adviser Managed Trust4,3610 00For
Principal2,6440 00For

Showing the 25 largest of 27 asset managers. See all 27 in the interactive database.

39. Approve Proposal Regarding Regulated Working Conditions at Construction Sites

No official resultsHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE

0% of fund votes cast · no official result

AGAINST
Details: votes by 94 asset managers

The 94 asset managers below reported 379,673,313 against, 812,764 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 379,673,313ABSTAIN: 812,764
Largest asset managers voting on “Approve Proposal Regarding Regulated Working Conditions at Construction Sites” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group099,037,204 00Against
Vanguard089,221,129 00Against
EUPAC FUND039,274,283 00Against
Fidelity024,782,510 00Against
TIAA022,158,989 00Against
Goldman Sachs015,128,002 00Against
INVESTMENT CO OF AMERICA014,922,850 00Against
MFS011,746,532 00Against
Dimensional06,846,613 00Against
State Street05,411,790 00Against
T. Rowe Price04,043,999 00Against
Invesco03,738,091 00Against
NEW ECONOMY FUND02,925,689 00Against
AllianceBernstein02,804,492 00Against
Legg Mason02,669,566 00Against
American Century02,526,696 00Against
BNY Mellon02,494,287 00Against
INTERNATIONAL GROWTH & INCOME FUND02,410,574 00Against
WisdomTree02,053,938 00Against
JANUS INVESTMENT FUND01,887,455 00Against
DWS01,824,388 00Against
Columbia Threadneedle01,431,195 00Against
GMO01,337,023 00Against
Northern Trust01,312,501 00Against
Putnam01,256,416 00Against

Showing the 25 largest of 94 asset managers. See all 94 in the interactive database.

40. PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

0.1% of fund votes cast · no official result

AGAINST
Details: description as filed, votes by 39 asset managers

Description as filed by funds: PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREHOLDER: PROPOSAL FROM THE SHAREHOLDER KRITISKE AKTIONAERER ON CONSTRUCTION CONTRACTS

The 39 asset managers below reported 7,340 for, 99,263,339 against, 102,383 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,340AGAINST: 99,263,339ABSTAIN: 102,383
Largest asset managers voting on “PLEASE NOTE THAT THIS RESOLUTION IS A SHAREHOLDER PROPOSAL: PROPOSALS FROM THE BOARD OF DIRECTOR AND/OR SHAREH” at NOVO NORDISK A/S, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock059,662,760 00Against
Six Circles Trust013,540,394 00Against
Investment Managers Series Trust08,516,361 00Against
Vanguard06,826,330 00Against
Bridge Builder Trust03,111,224 00Against
Jackson National02,177,103 00Against
HARBOR FUNDS01,210,279 00Against
John Hancock01,049,841 00Against
BAILLIE GIFFORD FUNDS0999,321 00Against
MASTER INVESTMENT PORTFOLIO0327,690 00Against
Natixis0326,208 00Against
Allianz0242,836 00Against
First Trust0210,900 00Against
Harbor ETF Trust0165,850 00Against
Brighthouse0148,777 00Against
Managed Account Series0111,314 00Against
GREEN CENTURY FUNDS00 102,3830Abstain
Lincoln Financial092,330 00Against
PFM Multi-Manager Series Trust076,288 00Against
CARILLON SERIES TRUST065,838 00Against
Guardian Variable Products Trust064,379 00Against
Listed Funds Trust048,246 00Against
OPTIMUM FUND TRUST041,718 00Against
BUFFALO FUNDS040,000 00Against
Tema ETF Trust034,508 00Against

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 56 in total. View every item.

Largest NOVO NORDISK A/S shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top NOVO NORDISK A/S shareholders by shares voted on “Approve Remuneration Report (Advisory Vote)”, 2024-2025
#Asset manager Shares voted
1Capital Group 99,037,204
2Vanguard 89,221,129
3EUPAC FUND 39,274,283
4Fidelity 24,782,510
5TIAA 22,158,989
6Goldman Sachs 15,128,002
7INVESTMENT CO OF AMERICA 14,922,850
8MFS 11,746,532
9Dimensional 6,846,613
10State Street 5,411,790
Institutional-manager reports: top NOVO NORDISK A/S shareholders by shares voted on “PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2024”, 2024-2025
#Asset manager Shares voted
1BlackRock 116,386,062
2National Pension Service 13,347,721
3WCM INVESTMENT MANAGEMENT, LLC 12,411,640
4BAILLIE GIFFORD OVERSEAS LTD 10,728,057
5Fiera Capital Corp 6,623,663
6BAILLIE GIFFORD & CO LTD 3,852,230
7Korea Investment CORP 2,658,677
8BAILLIE GIFFORD & CO 1,727,862
9Treasurer of the State of North Carolina 864,179
101832 Asset Management L.P. 775,446

Shown as share counts, not percentages: no shares-outstanding figure has been matched to NOVO NORDISK A/S for the 2024-2025 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At NOVO NORDISK A/S's shareholder meeting held March 27, 2025, in the 2024-2025 proxy season, 192 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,864 separate fund positions. Their filings are grouped here into 56 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report (Advisory Vote) — the reporting funds and managers cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

NOVO NORDISK A/S proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.