Home › Asset managers › GMO › 2024-2025 › Against the board
Two kinds of vote are listed: a board-sponsored proposal GMO 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
1,800 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | GMO voted | Funds |
|---|---|---|---|---|---|---|---|
| Kyudenko Corp. | June 26, 2025 | Elect Director Fujii, Ichiro | Director Elections | Board | AGAINST | 4 | |
| Kyudenko Corp. | June 26, 2025 | Elect Director Fukui, Keizo | Director Elections | Board | AGAINST | 4 | |
| Kyudenko Corp. | June 26, 2025 | Elect Director Ishibashi, Kazuyuki | Director Elections | Board | AGAINST | 4 | |
| Kyung Dong Navien Co., Ltd. | March 26, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 4 | |
| Largo Inc. | May 12, 2025 | Elect Director Alberto Arias | Director Elections | Board | WITHHOLD | 4 | |
| Lupin Limited | March 20, 2025 | Approve Reappointment and Remuneration of Vinita Gupta as Whole-Time Director designated as the Chief Executive Officer | Compensation | Board | AGAINST | 4 | |
| LyondellBasell Industries N.V. | May 23, 2025 | Election of Directors: Rita Griffin | Director Elections | Board | AGAINST | 4 | |
| MONETA Money Bank, a.s. | November 19, 2024 | Reelect Clare Clarke as Supervisory Board Member | Director Elections | Board | AGAINST | 4 | |
| MONETA Money Bank, a.s. | April 24, 2025 | Elect Miroslav Singer as Supervisory Board Member | Director Elections | Board | AGAINST | 4 | |
| Mahanagar Gas Limited | August 23, 2024 | Reelect Harshadeep S. Kamble as Director | Director Elections | Board | AGAINST | 4 | |
| Manappuram Finance Limited | August 14, 2024 | Approve Revision in Remuneration Payable to V P Nandakumar as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 4 | |
| Manappuram Finance Limited | August 14, 2024 | Reelect Sumitha Nandan as Director | Director Elections | Board | AGAINST | 4 | |
| Maruichi Steel Tube Ltd. | June 24, 2025 | Appoint Statutory Auditor Okumura, Masuo | Compensation | Board | AGAINST | 4 | |
| Maruichi Steel Tube Ltd. | June 24, 2025 | Elect Director Nakano, Kenjiro | Director Elections | Board | AGAINST | 4 | |
| Maruichi Steel Tube Ltd. | June 24, 2025 | Elect Director Suzuki, Hiroyuki | Director Elections | Board | AGAINST | 4 | |
| Maruichi Steel Tube Ltd. | June 24, 2025 | Elect Director Yoshimura, Yoshinori | Director Elections | Board | AGAINST | 4 | |
| Match Group, Inc. | June 18, 2025 | To approve the Match Group, Inc. Amended and Restated 2024 Stock and Annual Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Morgan Stanley | May 15, 2025 | Shareholder proposal requesting an energy supply ratio | Environment or Climate | Shareholder | Against | FOR | 4 |
| Morgan Stanley | May 15, 2025 | To approve the Amended and Restated Equity Incentive Compensation Plan | Compensation | Board | AGAINST | 4 | |
| Mr. Price Group Ltd. | August 29, 2024 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Appointment and Remuneration of Eapen Alexander as Executive Director - IT & Digital Initiatives | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Reappointment and Remuneration of George Alexander Muthoot as Managing Director | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Reappointment and Remuneration of George Jacob Muthoot as Whole Time Director | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Reappointment and Remuneration of George Thomas Muthoot as Whole Time Director | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Revision in the Terms of Remuneration of George Alexander as Whole Time Director | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Revision in the Terms of Remuneration of George Muthoot George as Whole Time Director | Compensation | Board | AGAINST | 4 | |
| Muthoot Finance Limited | September 30, 2024 | Approve Revision in the Terms of Remuneration of George Muthoot Jacob as Whole Time Director | Compensation | Board | AGAINST | 4 | |
| NMDC Limited | September 24, 2024 | Reelect Abhijit Narendra as Director | Director Elections | Board | AGAINST | 4 | |
| NMDC Limited | December 12, 2024 | Elect Joydeep Dasgupta as Director | Director Elections | Board | AGAINST | 4 | |
| NMDC Limited | December 12, 2024 | Elect Subodh Kumar Singh as Director | Director Elections | Board | AGAINST | 4 | |
| OTP Bank Nyrt | April 25, 2025 | Approve Remuneration Policy and Authorize Supervisory Board to Define Remuneration Rules in Details | Compensation | Board | AGAINST | 4 | |
| OTP Bank Nyrt | April 25, 2025 | Receive Report on Share Repurchase Program and Authorize Share Repurchase Program | Capital Structure | Board | AGAINST | 4 | |
| Oil & Natural Gas Corporation Limited | August 30, 2024 | Approve Appointment of Vivek Chandrakant Tongaonkar as Director (Finance) | Compensation | Board | AGAINST | 4 | |
| Oil & Natural Gas Corporation Limited | August 30, 2024 | Reelect Pankaj Kumar as Director | Director Elections | Board | AGAINST | 4 | |
| Open Text Corporation | September 12, 2024 | Advisory Vote on Executive Compensation Approach | Compensation | Board | AGAINST | 4 | |
| Open Text Corporation | September 12, 2024 | Elect Director Ann M. Powell | Director Elections | Board | AGAINST | 4 | |
| Orient Overseas (International) Limited | May 27, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 4 | |
| Orient Overseas (International) Limited | May 27, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 4 | |
| PACCAR Inc | April 29, 2025 | Election of director nominees to serve for one-year terms: Mark A. Schulz | Director Elections | Board | AGAINST | 4 | |
| POSCO Holdings, Inc. | March 20, 2025 | Elect Kim Gi-su as Inside Director | Director Elections | Board | AGAINST | 4 | |
| POSCO Holdings, Inc. | March 20, 2025 | Elect Son Seong-gyu as Outside Director | Director Elections | Board | AGAINST | 4 | |
| POSCO Holdings, Inc. | March 20, 2025 | Elect Son Seong-gyu as a Member of Audit Committee | Director Elections | Board | AGAINST | 4 | |
| POSCO Holdings, Inc. | March 20, 2025 | Elect Yoo Jin-nyeong as Outside Director | Director Elections | Board | AGAINST | 4 | |
| PT Aneka Tambang Tbk | June 12, 2025 | Approve Annual Report, Financial Statements, Statutory Reports, Financial Statement of the Micro and Small Business Funding Program (PUMK) and Discharge of Directors and Commissioners | Capital Structure | Board | AGAINST | 4 | |
| PT Aneka Tambang Tbk | June 12, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PT Bank Mandiri (Persero) Tbk | March 25, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PT Bank Mandiri (Persero) Tbk | March 25, 2025 | Approve Share Repurchase Program and the Transfer of Buyback Shares Held as Treasury Stock | Capital Structure | Board | AGAINST | 4 | |
| PT Bank Negara Indonesia (Persero) Tbk | March 26, 2025 | Approve Share Repurchase Program and the Transfer of Buyback Shares Held as Treasury Stock | Capital Structure | Board | AGAINST | 4 | |
| PT Indofood CBP Sukses Makmur Tbk | June 20, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| PT Indofood Sukses Makmur Tbk | June 20, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| PT PP London Sumatra Indonesia Tbk | June 19, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| PT Panin Financial Tbk | June 26, 2025 | Approve Auditors | Audit-related | Board | AGAINST | 4 | |
| PT Perusahaan Gas Negara Tbk | May 28, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PT Saratoga Investama Sedaya Tbk | June 25, 2025 | Approve Usage of Treasury Shares for Long Term Incentive Program of the Company | Compensation | Board | AGAINST | 4 | |
| PT Surya Citra Media Tbk | April 28, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PT Surya Citra Media Tbk | April 28, 2025 | Approve Transfer of Shares Resulting from the Buyback Through the Implementation of a Share Ownership Program | Capital Structure | Board | AGAINST | 4 | |
| PT Telkom Indonesia (Persero) Tbk | May 27, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PT Triputra Agro Persada Tbk | April 28, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 4 | |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss. | Environment or Climate | Shareholder | Against | FOR | 4 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Sustainable Packaging Policies for Plastics. | Environment or Climate | Shareholder | Against | FOR | 4 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks. | Environment or Climate | Shareholder | Against | FOR | 4 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Third-Party Racial Equity Audit. | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 4 |
| Petroleo Brasileiro SA | April 16, 2025 | Approve Classification of Rafael Ramalho Dubeux as Independent Director | Director Elections | Board | AGAINST | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Approve Remuneration of Company's Management, Fiscal Council, and Statutory Advisory Committees | Compensation | Board | AGAINST | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Elect Directors | Director Elections | Board | AGAINST | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Elect Pietro Adamo Sampaio Mendes as Board Chair | Director Elections | Board | AGAINST | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Jose Fernando Coura as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Magda Maria de Regina Chambriard as Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Pietro Adamo Sampaio Mendes as Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Rafael Ramalho Dubeux as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| Petroleo Brasileiro SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Renato Campos Galuppo as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| Petronet Lng Limited | September 6, 2024 | Reelect Arun Kumar Singh as Director | Director Elections | Board | AGAINST | 4 | |
| Petronet Lng Limited | September 6, 2024 | Reelect Sandeep Kumar Gupta as Director | Director Elections | Board | AGAINST | 4 | |
| Petronet Lng Limited | November 23, 2024 | Elect Satish Kumar Vaduguri as Director | Director Elections | Board | AGAINST | 4 | |
| Petronet Lng Limited | January 25, 2025 | Elect Arvinder Singh Sahney as Director | Director Elections | Board | AGAINST | 4 | |
| Petronet Lng Limited | January 25, 2025 | Reelect Sundeep Bhutoria as Director | Director Elections | Board | AGAINST | 4 | |
| Petronet Lng Limited | June 28, 2025 | Approve Appointment and Remuneration of Saurav Mitra as Director (Finance) & Chief Financial Officer | Compensation | Board | AGAINST | 4 | |
| Petronet Lng Limited | June 28, 2025 | Elect Sanjay Khanna as Nominee Director (BPCL) | Director Elections | Board | AGAINST | 4 | |
| Philip Morris CR as | May 30, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 4 | |
| Philip Morris CR as | May 30, 2025 | Elect Dimitrios Giannopoulos and Vera Vytvarova as Members of Audit Committee | Director Elections | Board | AGAINST | 4 | |
| Philip Morris CR as | May 30, 2025 | Elect Dimitrios Giannopoulos as Supervisory Board Member | Director Elections | Board | AGAINST | 4 | |
| Philip Morris CR as | May 30, 2025 | Ratify PricewaterhouseCoopers Audit, s.r.o. as Auditor | Audit-related | Board | AGAINST | 4 | |
| Power Corporation of Canada | May 14, 2025 | Elect Director Andre Desmarais | Director Elections | Board | AGAINST | 4 | |
| Power Corporation of Canada | May 14, 2025 | Elect Director Paul Desmarais, Jr. | Director Elections | Board | AGAINST | 4 | |
| Power Grid Corporation of India Limited | August 22, 2024 | Approve Appointment of Naveen Srivastava as Whole-time Director [Director (Operations)] | Compensation | Board | AGAINST | 4 | |
| Power Grid Corporation of India Limited | August 22, 2024 | Approve Appointment of Yatindra Dwivedi as Whole-Time Director [Director (Personnel)] | Compensation | Board | AGAINST | 4 | |
| Power Grid Corporation of India Limited | August 22, 2024 | Elect Lalit Bohra as Government Nominee Director | Director Elections | Board | AGAINST | 4 | |
| Power Grid Corporation of India Limited | August 22, 2024 | Reelect Ravisankar Ganesan as Director | Director Elections | Board | AGAINST | 4 | |
| Powszechny Zaklad Ubezpieczen SA | June 25, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 4 | |
| Proximus SA | April 16, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 4 | |
| Proximus SA | April 16, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 4 | |
| Proximus SA | April 16, 2025 | Elect Alternate Directors | Director Elections | Board | AGAINST | 4 | |
| PulteGroup, Inc. | April 30, 2025 | Shareholder proposal on adoption of Paris-aligned emission reduction goals, if properly presented at the meeting. | Environment or Climate | Shareholder | Against | FOR | 4 |
| RITES Limited | September 12, 2024 | Elect Shailendra Singh as Government Nominee Director | Director Elections | Board | AGAINST | 4 | |
| RITES Limited | September 12, 2024 | Reelect Arun Kumar Singh as Director | Director Elections | Board | AGAINST | 4 | |
| RITES Limited | September 12, 2024 | Reelect Deepak Tripathi as Director | Director Elections | Board | AGAINST | 4 |
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Built October 25, 2026 from SEC Form N-PX filings.