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BlackRock 2025-2026: where it broke with the board

At least 6,035 proposals in the 2025-2026 proxy season: BlackRock voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 35 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal BlackRock voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,035 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

BlackRock, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedBlackRock votedFunds
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Muath Al Zamil as Director Director Elections Board ABSTAIN 22
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Saad Al Qahtani as Director Director Elections Board ABSTAIN 22
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Sameer Al Abdrabbuh as Director Director Elections Board ABSTAIN 22
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Sulayman Al Huseen as Director Director Elections Board ABSTAIN 22
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Wael Al Bassam as Director Director Elections Board ABSTAIN 22
SABIC AGRI-NUTRIENTS CO. March 26, 2026 Elect Ziyad Al Hazimi as Director Director Elections Board ABSTAIN 22
SARTORIUS STEDIM BIOTECH March 24, 2026 APPROVAL OF THE REMUNERATION POLICY OF THE CHIEF EXECUTIVE OFFICER FOR THE YEAR ENDED 31 DECEMBER 2026 Say-on-Pay Board AGAINST 22
SCHINDLER HOLDING AG March 24, 2026 REELECT ALFRED SCHINDLER AS DIRECTOR Director Elections Board AGAINST 22
SCHINDLER HOLDING AG March 24, 2026 REELECT CAROLE VISCHER AS DIRECTOR Director Elections Board AGAINST 22
SITC INTERNATIONAL HOLDINGS CO LTD April 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 22
SITC INTERNATIONAL HOLDINGS CO LTD April 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 22
SUN PHARMACEUTICAL INDUSTRIES LTD April 17, 2026 RE-APPOINTMENT OF DR. PAWAN GOENKA (DIN:00254502) AS AN INDEPENDENT DIRECTOR Director Elections Board AGAINST 22
SVENSKA HANDELSBANKEN AB March 25, 2026 Approve Remuneration of Auditors Audit-related Board AGAINST 22
SVENSKA HANDELSBANKEN AB March 25, 2026 Ratify PricewaterhouseCoopers as Auditors Audit-related Board AGAINST 22
SVENSKA HANDELSBANKEN AB March 25, 2026 Reelect Louise Lindh as Director Director Elections Board AGAINST 22
SWEDISH ORPHAN BIOVITRUM AB May 6, 2026 APPROVE ALTERNATIVE EQUITY PLAN FINANCING Compensation Board AGAINST 22
TEMPUS AI, INC. May 21, 2026 DIRECTOR: Peter J. Barris Director Elections Board ABSTAIN 22
TERAWULF INC. June 9, 2026 DIRECTOR: Steven Pincus Director Elections Board ABSTAIN 22
THE CHEFS' WAREHOUSE, INC. May 8, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers as disclosed in the 2026 Proxy Statement. Say-on-Pay Board AGAINST 22
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED May 12, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 22
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED May 12, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 22
XIAOMI CORPORATION June 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 22
XIAOMI CORPORATION June 2, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 22
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD April 28, 2026 Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights Capital Structure Board AGAINST 22
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD April 28, 2026 Elect Yee Kee Shian, Leon as Director Director Elections Board AGAINST 22
AST SPACEMOBILE, INC. November 21, 2025 To approve the Amended and Restated AST SpaceMobile, Inc. 2024 Incentive Award Plan to increase the number of shares of the Company's Class A Common Stock available for issuance thereunder and to extend the term of the plan. Compensation Board AGAINST 21
BAVARIAN NORDIC AS April 21, 2026 APPROVE REMUNERATION REPORT (ADVISORY VOTE) Say-on-Pay Board AGAINST 21
BAYER AG April 24, 2026 Appoint Deloitte GmbH as Auditor for Sustainability Reporting for Fiscal Year 2026 Audit-related Board ABSTAIN 21
BLUE OWL CAPITAL INC. June 4, 2026 Election of Directors Claudia Holz Director Elections Board AGAINST 21
BRAZE, INC. June 30, 2026 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 21
BURFORD CAPITAL LIMITED May 13, 2026 To approve, on an advisory basis, the compensation of the Company's named executive officers as disclosed in the proxy statement for the 2026 annual general meeting of shareholders under "Executive compensation", including the compensation discussion and analysis, the compensation tables and the related narrative discussion included therein ("Say-on-Pay"). Say-on-Pay Board AGAINST 21
CD PROJEKT S.A. June 23, 2026 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 21
CORCEPT THERAPEUTICS INCORPORATED May 21, 2026 Election of Directors. David L. Mahoney Director Elections Board WITHHOLD 21
CRANSWICK PLC July 28, 2025 Approve Remuneration Committee Report Say-on-Pay Board AGAINST 21
CROWDSTRIKE HOLDINGS, INC. June 17, 2026 DIRECTOR: Denis J. O'Leary Director Elections Board ABSTAIN 21
CVR ENERGY, INC. June 4, 2026 DIRECTOR: Stephen Mongillo Director Elections Board ABSTAIN 21
DASSAULT AVIATION SA May 13, 2026 APPROVE COMPENSATION REPORT Compensation Board AGAINST 21
DELL TECHNOLOGIES INC. June 25, 2026 Approval of the Redomestication Proposal providing for the redomestication of Dell Technologies Inc. from Delaware to Texas by conversion as disclosed in the proxy statement Extraordinary Transactions Board AGAINST 21
E2OPEN PARENT HOLDINGS, INC. July 28, 2025 To hold an advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 21
EQUINOR ASA May 12, 2026 Approve Remuneration of Auditors Audit-related Board AGAINST 21
EUROBANK S.A. April 28, 2026 Amend Remuneration Policy Say-on-Pay Board AGAINST 21
EVOLUTION AB April 24, 2026 APPROVE EUR 16,654.6 INCREASE OF SHARE CAPITAL THROUGH A BONUS ISSUE WITHOUT THE ISSUANCE OF NEW SHARES Capital Structure Board AGAINST 21
EVOLUTION AB April 24, 2026 APPROVE ISSUANCE OF UP TO 10 PERCENT OF ISSUED SHARES WITHOUT PREEMPTIVE RIGHTS Capital Structure Board AGAINST 21
EVOLUTION AB April 24, 2026 APPROVE REMUNERATION OF AUDITORS Audit-related Board AGAINST 21
EVOLUTION AB April 24, 2026 AUTHORIZE REISSUANCE OF REPURCHASED SHARES Capital Structure Board ABSTAIN 21
EVOLUTION AB April 24, 2026 ELECT SAMANTHA SACKS GALLAGHER AS NEW DIRECTOR Director Elections Board AGAINST 21
EVOLUTION AB April 24, 2026 RATIFY PRICEWATERHOUSECOOPERS AS AUDITOR Audit-related Board AGAINST 21
EXOR N.V. May 20, 2026 Grant Board Authority to Issue Shares Capital Structure Board AGAINST 21
FERRARI N.V. April 15, 2026 RE-APPOINTMENT OF "DELPHINE ARNAULT" Director Elections Board AGAINST 21
FERRARI N.V. April 15, 2026 RE-APPOINTMENT OF "EDUARDO H. CUE" Director Elections Board AGAINST 21
GLOBAL-E ONLINE LTD. May 11, 2026 To approve the Company's amended and restated compensation policy for executive officers and directors. Say-on-Pay Board AGAINST 21
HEIDELBERG MATERIALS AG May 13, 2026 APPROVE DISCHARGE OF SUPERVISORY BOARD MEMBER WERNER SCHRAEDER FOR FISCAL YEAR 2025 Director Elections Board AGAINST 21
HENKEL AG & CO. KGAA April 27, 2026 Approve Discharge of Supervisory Board for Fiscal Year 2025 Director Elections Board AGAINST 21
HEXAGON AB April 24, 2026 APPROVE ISSUANCE OF UP TO 10 PERCENT OF ISSUED SHARES WITHOUT PREEMPTIVE RIGHTS Capital Structure Board AGAINST 21
HEXAGON AB April 24, 2026 REELECT RALPH HAUPTER AS DIRECTOR Director Elections Board AGAINST 21
IES HOLDINGS, INC. February 19, 2026 ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION. Say-on-Pay Board AGAINST 21
JAMES HARDIE INDUSTRIES PLC October 29, 2025 ELECTION OF GARY HENDRICKSON AS A DIRECTOR Director Elections Board AGAINST 21
JAMES HARDIE INDUSTRIES PLC October 29, 2025 GRANT OF RELATIVE TOTAL SHAREHOLDER RETURN RESTRICTED STOCK UNITS TO CEO Compensation Board AGAINST 21
JAMES HARDIE INDUSTRIES PLC October 29, 2025 RE-ELECTION OF RADA RODRIGUEZ AS A DIRECTOR Director Elections Board AGAINST 21
JAMES HARDIE INDUSTRIES PLC October 29, 2025 To receive and consider the remuneration report for fiscal year 2025 Say-on-Pay Board AGAINST 21
JUMBO SA July 9, 2025 Advisory Vote on Remuneration Report Say-on-Pay Board AGAINST 21
KUEHNE + NAGEL INTERNATIONAL AG May 6, 2026 REELECT JOERG WOLLE AS DIRECTOR Director Elections Board AGAINST 21
LIBERTY BROADBAND CORPORATION May 11, 2026 DIRECTOR: John E. Welsh III Director Elections Board ABSTAIN 21
LPP SA January 23, 2026 Amend Remuneration Policy Say-on-Pay Board AGAINST 21
MACY'S INC. May 15, 2026 Election of Directors: Deirdre P. Connelly Director Elections Board AGAINST 21
NEXTDC LTD November 13, 2025 REMUNERATION REPORT Say-on-Pay Board AGAINST 21
OMV AG May 27, 2026 Approve Allocation of Income and Dividends of EUR 3.15 per Share Capital Structure Board AGAINST 21
ORACLE CORPORATION JAPAN August 22, 2025 Appoint a Director John L. Hall Director Elections Board AGAINST 21
ORACLE CORPORATION JAPAN August 22, 2025 Appoint a Director Misawa, Toshimitsu Director Elections Board AGAINST 21
ORKLA ASA April 23, 2026 REELECT BENGT A. REM AS DIRECTOR Director Elections Board AGAINST 21
PANDOX AB April 15, 2026 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 21
PIRELLI & C.SPA June 25, 2026 REPORT ON THE REMUNERATION POLICY AND ON THE FEES PAID: RELATED RESOLUTIONS TO THE SECOND SECTION OF THE REPORT PURSUANT TO ARTICLE 123-TER, PARAGRAPH 6, OF LEGISLATIVE DECREE 24 FEBRUARY 1998 NO.58 Say-on-Pay Board AGAINST 21
POWSZECHNY ZAKLAD UBEZPIECZEN SA June 18, 2026 ISSUING AN OPINION ON THE REPORT OF THE SUPERVISORY BOARD OF PZU SA ON THE REMUNERATION OF MEMBERS OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD OF PZU SA FOR 2025 Say-on-Pay Board AGAINST 21
PT BANK MANDIRI (PERSERO) TBK December 19, 2025 CHANGES IN THE COMPANY'S BOARD OF MANAGEMENT Director Elections Board AGAINST 21
RENAULT SA April 30, 2026 RENEW APPOINTMENT OF FORVIS MAZARS S.A. AS AUDITOR FOR SUSTAINABILITY REPORTING Audit-related Board AGAINST 21
ROCKWOOL A/S April 15, 2026 REELECT THOMAS KAHLER (CHAIR) AS DIRECTOR Director Elections Board ABSTAIN 21
RUSH ENTERPRISES, INC. May 19, 2026 DIRECTOR: Elaine Mendoza Director Elections Board ABSTAIN 21
SIEMENS HEALTHINEERS AG February 5, 2026 APPROVE CREATION OF EUR 338 MILLION POOL OF AUTHORIZED CAPITAL WITH OR WITHOUT EXCLUSION OF PREEMPTIVE RIGHTS Capital Structure Board AGAINST 21
SILGAN HOLDINGS INC. May 26, 2026 DIRECTOR: Leigh J. Abramson Director Elections Board ABSTAIN 21
SINGAPORE AIRLINES LTD July 25, 2025 RE-ELECTION OF DIRECTOR IN ACCORDANCE WITH ARTICLE 91: MR PETER SEAH LIM HUAT Director Elections Board AGAINST 21
THALES SA May 12, 2026 AUTHORIZE UP TO 0.026 PERCENT OF ISSUED CAPITAL FOR USE IN RESTRICTED STOCK PLANS RESERVED FOR CHAIRMAN AND CEO Compensation Board AGAINST 21
THALES SA May 12, 2026 AUTHORIZE UP TO 0.974 PERCENT OF ISSUED CAPITAL FOR USE IN RESTRICTED STOCK PLANS Compensation Board AGAINST 21
THE GEO GROUP, INC. April 28, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 21
THE TIMKEN COMPANY May 8, 2026 DIRECTOR: Ajita G. Rajendra Director Elections Board ABSTAIN 21
TRIMAS CORPORATION May 20, 2026 Approval, on a non-binding advisory basis, of the compensation paid to the Company's Named Executive Officers. Say-on-Pay Board AGAINST 21
UNIVERSAL MUSIC GROUP N.V. May 13, 2026 Reelect Eric Sprunk as Non-Executive Director Director Elections Board AGAINST 21
UNIVERSAL MUSIC GROUP N.V. May 13, 2026 Reelect James Mitchell as Non-Executive Director Director Elections Board AGAINST 21
UNIVERSAL MUSIC GROUP N.V. May 13, 2026 Reelect Mandy Ginsberg as Non-Executive Director Director Elections Board AGAINST 21
VGP SA May 8, 2026 Approve Remuneration Report Say-on-Pay Board AGAINST 21
VISTRY GROUP PLC May 13, 2026 APPROVE REMUNERATION POLICY Say-on-Pay Board AGAINST 21
VISTRY GROUP PLC May 13, 2026 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 21
VOESTALPINE AG July 2, 2025 RESOLUTION ON THE COMPENSATION REPORT FOR THE MEMBERS OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD Say-on-Pay Board AGAINST 21
WILLIS LEASE FINANCE CORPORATION June 23, 2026 Cast an advisory vote to approve the compensation of the Company's named executive officers as disclosed in the Proxy Statement. Say-on-Pay Board AGAINST 21
WISE PLC September 25, 2025 Re-elect Elizabeth Chambers as Director Director Elections Board AGAINST 21
ZIJIN MINING GROUP CO LTD June 5, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for A Shares and/or H Shares Capital Structure Board AGAINST 21
ZIJIN MINING GROUP CO LTD June 5, 2026 Approve Plan of Guarantees Extraordinary Transactions Board AGAINST 21
AB SAGAX May 8, 2026 APPROVE ISSUANCE OF UP TO 10 PERCENT OF SHARE CAPITAL WITHOUT PREEMPTIVE RIGHTS Capital Structure Board AGAINST 20
AB SAGAX May 8, 2026 REELECT JOHAN THORELL AS DIRECTOR Director Elections Board AGAINST 20
ACCIONA SA June 24, 2026 Approve Discharge of Board Director Elections Board AGAINST 20
ALLWYN AG May 12, 2026 Approve Remuneration Report Say-on-Pay Board AGAINST 20

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Built November 7, 2026 from SEC Form N-PX filings.