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Aberdeen proxy voting record, 2024-2025

Aberdeen reported 21,294 proxy votes on Form N-PX for the 2025 season. On the 16,154 ballot items the board itself put forward — directors, pay, the auditor, capital — it voted FOR 75.9% of the time. On the 211 environmental and social proposals put on the ballot by shareholders, it voted FOR 18.0% of the time.

2023-20242024-20252025-2026

75.9%Voted for board proposals
18.0%Backed E&S proposals
19,945Ballot items
9,299Proposals
1,278Issuers
34Funds / accounts

On the board’s own proposals

75.9% FOR of 16,154 fund votes on board proposals in 2024-2025: directors, pay, auditor, capital.

75.9% FOR

FOR 12,253 AGAINST 3,351 Abstained or withheld 550

How we count these

On proposals shareholders put on the ballot

18.0% FOR of 211 fund votes on environmental and social proposals shareholders put on the ballot. The board opposed 211.

18.0% FOR AGAINST

FOR 38 AGAINST 173 Abstained 0

See the 38 it backed →

How we count these

By proposal type

A single “voted with management” figure makes every manager look the same: director elections are most of the volume and nearly everyone votes FOR them. The record is therefore reported per category, using the category the filer itself put on each item in its N-PX.

Aberdeen, 2024-2025. “Decided” is FOR + AGAINST, the denominator of the two percentage columns; abstentions and withheld votes are shown separately and are never inside a percentage. Counted in ballot items — one fund’s vote on one proposal at one meeting — never in shares.
Proposal type	Put on the ballot by	Items	Decided	Voted FOR	Voted AGAINST	Abstained / withheld
Director Elections	Board (67 inferred)	8,212	7,636	92.8%	7.2%	487
Corporate Governance	Board	3,361	3,297	95.2%	4.8%	64
Corporate Governance	Shareholders	125	125	48.8%	51.2%	0
Say-on-Pay	Board (2,218 inferred)	2,863	2,729	28.8%	71.2%	0
Say-on-Pay	Shareholders (4 inferred)	4	4	0.0%	100.0%	0
Capital Structure	Board	2,227	2,201	90.8%	9.2%	24
Capital Structure	Shareholders	25	25	76.0%	24.0%	0
Compensation	Board (34 inferred)	1,793	1,760	78.9%	21.1%	33
Compensation	Shareholders	33	33	45.5%	54.5%	0
Audit-related	Board	1,247	1,242	75.2%	24.8%	5
Audit-related	Shareholders	11	11	90.9%	9.1%	0
Other Social Issues	Board	60	60	100.0%	0.0%	0
Other Social Issues	Shareholders	138	138	10.9%	89.1%	0
Extraordinary Transactions	Board	169	163	92.0%	8.0%	4
Environment or Climate	Board	45	20	85.0%	15.0%	25
Environment or Climate	Shareholders	107	107	14.0%	86.0%	0
Other	Board	118	118	91.5%	8.5%	0
Other	Shareholders	11	11	54.5%	45.5%	0
Diversity, Equity, and Inclusion	Board	17	17	100.0%	0.0%	0
Diversity, Equity, and Inclusion	Shareholders	72	72	5.6%	94.4%	0
Human Rights or Human Capital/workforce	Board	17	17	100.0%	0.0%	0
Human Rights or Human Capital/workforce	Shareholders	41	41	24.4%	75.6%	0
Shareholder Rights and Defenses	Board	54	34	88.2%	11.8%	20
Shareholder Rights and Defenses	Shareholders	4	4	100.0%	0.0%	0

An item the filer put in two categories is counted in both rows, so the rows add up to more than the total. Who put an item on the ballot is decided item by item: the filer’s own answer on Form N-PX (Item 1(h)), or, where the filing does not give one, the proposal’s own wording (2,323 items, shown as inferred). The two figures above use only part of these rows: the board figure, board proposals on directors, pay, the auditor, capital, transactions and fund matters; the shareholder figure, environmental, social, workforce and diversity shareholder proposals at US-listed companies. How we count these

Every proposal where Aberdeen broke with the board (1,576 distinct proposals) →

What is being counted

The unit is a fund-level observation: one fund’s vote on one proposal at one meeting. It is not a share, not a filing line and not a proposal.: Aberdeen filed 21,294 vote records for 2024-2025; after removing votes filed twice in different N-PX filings, that is 19,945 ballot items (fund-level observations) across 1,278 issuer names and 34 funds. They cover 9,299 distinct proposals: one proposal voted by twenty of its funds is twenty ballot items here and one proposal. Proposals are counted per issuer name and meeting, and wordings of the same director nominee are counted once; two different wordings of any other proposal count twice, so this is an upper bound. A fund that reported several directions for the same item is a split vote, counted on its own (see the table below) and not collapsed into the larger direction. “Issuer names” is literal: filers spell the same company several ways and those are counted separately here, so this runs higher than the number of distinct companies.
Share counts are not used anywhere on this page.: Share figures in N-PX carry their own long list of corrections in this dataset, and a share-weighted rate would inherit every one of them. Every percentage here is a count of items.
Abstentions are reported, never hidden inside a percentage.: On the board’s own proposals an abstention or a withheld vote is not support, so it is in the denominator of the FOR figure and not in its numerator. On shareholder proposals an abstention is neither support nor opposition, so it is excluded from the denominator and shown on its own.
227 items are outside both headline figures.: Besides the table rows neither figure uses:

Excluded	Items	Why
Not voted	0	Reported as not voted, take no action or do not vote. No position was expressed, so there is nothing to count.
Other ballot type	132	Frequency ballots (one / two / three years) and anything else that is not a FOR, AGAINST, abstention or withhold.
Direction indeterminate	0	The fund reported several directions for one ballot item with no shares attached to any of them, so which way it voted cannot be established.
Split vote	95	The fund voted its shares in more than one direction on the item (for example some FOR and some AGAINST), the smaller part at least 5% of its shares. It is not collapsed into the larger part.

About this page

Every figure is derived from Form N-PX, the filing 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). Figures are rebuilt weekly; this page was built on October 13, 2026. The interactive database shows the same votes company by company, including every individual fund.

Aberdeen proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.