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 |
|---|---|---|---|---|---|---|---|
| Kernel Holding SA | December 10, 2024 | Reelect Sergiy Volkov as Director | Director Elections | Board | AGAINST | 3 | |
| Kernel Holding SA | December 10, 2024 | Reelect Yuriy Kovalchuk as Director | Director Elections | Board | AGAINST | 3 | |
| Knight-Swift Transportation Holdings Inc. | May 13, 2025 | Vote on a stockholder proposal regarding support for transparency in political spending. | Other Social Issues | Shareholder | Against | FOR | 3 |
| KunLun Energy Company Limited | May 29, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| KunLun Energy Company Limited | May 29, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 3 | |
| LT Foods Limited | September 26, 2024 | Approve Giving of Loans, Guarantee or Security to Any Person in Whom Any of the Director of the Company is Interested | Capital Structure | Board | AGAINST | 3 | |
| LT Foods Limited | September 26, 2024 | Approve Increase in Remuneration to Ritesh Arora as CEO- India & Far East Business, of the Company | Compensation | Board | AGAINST | 3 | |
| LT Foods Limited | September 26, 2024 | Approve Reappointment and Remuneration of Vijay Kumar Arora as Managing Director | Compensation | Board | AGAINST | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | An advisory (non-binding) vote to approve the compensation of the named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Alain Li | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Charles D. Forman | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Irwin Chafetz | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Lewis Kramer | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Micheline Chau | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Patrick Dumont | Director Elections | Board | WITHHOLD | 3 | |
| Las Vegas Sands Corp. | May 15, 2025 | ELECTION OF DIRECTORS: Robert G. Goldstein | Director Elections | Board | WITHHOLD | 3 | |
| Legend Holdings Corporation | June 26, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| Lenovo Group Limited | July 18, 2024 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| Lenovo Group Limited | July 18, 2024 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 3 | |
| Lenovo Group Limited | July 18, 2024 | Elect Cher Wang Hsiueh Hong as Director | Director Elections | Board | AGAINST | 3 | |
| Lockheed Martin Corporation | May 9, 2025 | Election of Directors: Thomas J. Falk | Director Elections | Board | AGAINST | 3 | |
| Lockheed Martin Corporation | May 9, 2025 | Stockholder Proposal Requesting a Report on Alignment of Political Activities with Human Rights Policy | Other Social Issues | Shareholder | Against | FOR | 3 |
| Lonking Holdings Limited | May 28, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| Lonking Holdings Limited | May 28, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 3 | |
| Lonking Holdings Limited | May 28, 2025 | Elect Qian Shizheng as Director | Director Elections | Board | AGAINST | 3 | |
| Lonking Holdings Limited | May 28, 2025 | Elect Yu Taiwei as Director | Director Elections | Board | AGAINST | 3 | |
| Lucky Cement Ltd. | September 26, 2024 | Approve A. F. Ferguson and Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 3 | |
| Lucky Cement Ltd. | September 26, 2024 | Elect Directors | Director Elections | Board | AGAINST | 3 | |
| Luk Fook Holdings (International) Limited | August 15, 2024 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| Luk Fook Holdings (International) Limited | August 15, 2024 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 3 | |
| Luk Fook Holdings (International) Limited | August 15, 2024 | Elect Hui Chiu Chung as Director | Director Elections | Board | AGAINST | 3 | |
| Luk Fook Holdings (International) Limited | August 15, 2024 | Elect Ip Shu Kwan, Stephen as Director | Director Elections | Board | AGAINST | 3 | |
| MFE-MEDIAFOREUROPE NV | June 18, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 3 | |
| MFE-MEDIAFOREUROPE NV | June 18, 2025 | Authorize Repurchase of Shares | Capital Structure | Board | AGAINST | 3 | |
| Manila Water Company, Inc. | April 22, 2025 | Elect Cesar A. Buenaventura as Director | Director Elections | Board | AGAINST | 3 | |
| Manila Water Company, Inc. | April 22, 2025 | Elect Eric Ramon O. Recto as Director | Director Elections | Board | AGAINST | 3 | |
| Marathon Oil Corporation | August 29, 2024 | To approve, by a non-binding advisory vote, certain compensation that may be paid or become payable to Marathon Oil's named executive officers that is based on or otherwise relates to the merger contemplated by the merger agreement. | Say-on-Pay | Board | AGAINST | 3 | |
| Markel Group Inc. | May 21, 2025 | Shareholder proposal for a report on the Company's greenhouse gas emissions. | Environment or Climate | Shareholder | Against | FOR | 3 |
| Martin Marietta Materials, Inc. | May 15, 2025 | Election of Directors: Dorothy M. Ables | Director Elections | Board | AGAINST | 3 | |
| Mazda Motor Corp. | June 25, 2025 | Elect Director and Audit Committee Member Kitamura, Akira | Director Elections | Board | AGAINST | 3 | |
| Megaworld Corporation | June 20, 2025 | Elect Kevin Andrew L. Tan as Director | Director Elections | Board | AGAINST | 3 | |
| Melexis NV | May 13, 2025 | Elect Vlinvlin BV, Permanently Represented by Ling Qi, as Director | Director Elections | Board | AGAINST | 3 | |
| Meritage Homes Corporation | May 22, 2025 | Shareholder proposal to support transparency in political spending. | Other Social Issues | Shareholder | Against | FOR | 3 |
| Midea Real Estate Holding Limited | May 23, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| Midea Real Estate Holding Limited | May 23, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Hanzawa, Junichi | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Kamezawa, Hironori | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Kobayashi, Makoto | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Mike, Kanetsugu | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Nomoto, Hirofumi | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Shimizu, Hiroshi | Director Elections | Board | AGAINST | 3 | |
| Mitsubishi UFJ Financial Group, Inc. | June 27, 2025 | Elect Director Ueda, Teruhisa | Director Elections | Board | AGAINST | 3 | |
| Moderna, Inc. | April 30, 2025 | To approve, on a non-binding, advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| Morgan Stanley Direct Lending Fund | March 28, 2025 | To approve an amendment to the Company's certificate of incorporation to increase the number of authorized shares of capital stock from 101,000,000 shares to 501,000,000 shares, consisting of 500,000,000 shares of common stock, par value $0.001 per share and 1,000,000 shares of preferred stock, par value $0.001 per share. | Capital Structure | Board | AGAINST | 3 | |
| NH Investment & Securities Co., Ltd. | March 24, 2025 | Elect Moon Yeon-woo as Non-Independent Non-Executive Director | Director Elections | Board | AGAINST | 3 | |
| NV BEKAERT SA | May 14, 2025 | Elect Nicolas D'heygere as Director | Director Elections | Board | AGAINST | 3 | |
| NV BEKAERT SA | May 14, 2025 | Reelect Henriette Fenger Ellekrog as Independent Director | Director Elections | Board | AGAINST | 3 | |
| NetEase, Inc. | June 25, 2025 | Ratify Appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors | Audit-related | Board | AGAINST | 3 | |
| ORLEN SA | June 5, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 3 | |
| ORLEN SA | June 5, 2025 | Approve Remuneration of Supervisory Board Members | Compensation | Board | AGAINST | 3 | |
| ORLEN SA | June 5, 2025 | Elect Supervisory Board Member | Director Elections | Board | AGAINST | 3 | |
| Outokumpu Oyj | April 3, 2025 | Reelect Heinz Jorg Fuhrmann, Kari Jordan (Chair), Paivi Luostarinen, Jyrki Maki-Kala (Vice), Petter Soderstrom and Julia Woodhouse as Directors; Elect Hilde Merete Aasheim and Olavi Huhtala as New Directors | Director Elections | Board | AGAINST | 3 | |
| PT Astra Otoparts Tbk | April 29, 2025 | Approve Auditors | Audit-related | Board | AGAINST | 3 | |
| PT Astra Otoparts Tbk | April 29, 2025 | Elect Directors and Commissioners | Director Elections | Board | AGAINST | 3 | |
| PT Bank Pembangunan Daerah Jawa Timur Tbk | September 26, 2024 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Bank Pembangunan Daerah Jawa Timur Tbk | September 26, 2024 | Approve Corporate Action Plan for Capital Participation in Bank Banten | Extraordinary Transactions | Board | AGAINST | 3 | |
| PT Bank Pembangunan Daerah Jawa Timur Tbk | December 11, 2024 | Approve Corporate Actions for Capital Participation in Bank Sultra and Bank NTT | Extraordinary Transactions | Board | AGAINST | 3 | |
| PT Bank Pembangunan Daerah Jawa Timur Tbk | May 22, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Erajaya Swasembada Tbk | March 19, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Erajaya Swasembada Tbk | June 10, 2025 | Approve Extension of the Partial Transfer of Treasury Stock Owned by the Company Through the Implementation of the Management and Employee Stock Ownership Program | Capital Structure | Board | AGAINST | 3 | |
| PT Gudang Garam Tbk | June 25, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Industri Jamu dan Farmasi Sido Muncul Tbk | May 2, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Kalbe Farma Tbk | May 22, 2025 | Approve Auditors | Audit-related | Board | AGAINST | 3 | |
| PT Kalbe Farma Tbk | May 22, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Tempo Scan Pacific Tbk | May 23, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 3 | |
| PT Tempo Scan Pacific Tbk | May 23, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PTC India Limited | February 2, 2025 | Elect Rajneesh Agarwal as Director | Director Elections | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2025 | Elect Director Eduardo Alcaro | Director Elections | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2025 | Elect Director Luis Frias | Director Elections | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2025 | Elect Director Maria Judith de Brito | Director Elections | Board | AGAINST | 3 | |
| Pakistan Oilfields Ltd. | October 17, 2024 | Approve A. F. Ferguson & Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 3 | |
| Pearl Global Industries Ltd. | March 21, 2025 | Approve Appointment and Remuneration of Shifalli Seth as Head-Design in Pearl Global USA Inc. | Compensation | Board | AGAINST | 3 | |
| Pearl Global Industries Ltd. | March 21, 2025 | Approve Continuation of Directorship of Deepak Kumar Seth as Non-Executive Director | Director Elections | Board | AGAINST | 3 | |
| RTL Group SA | April 30, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 3 | |
| RTL Group SA | April 30, 2025 | Elect Thomas Coesfeld as Non-Executive Director | Director Elections | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Approve Creation of EUR 100.3 Million Pool of Conditional Capital to Guarantee Conversion Rights | Capital Structure | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion | Capital Structure | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Elect Christof Splechtna as Supervisory Board Member | Director Elections | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Elect Erwin Hameseder as Supervisory Board Member | Director Elections | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Elect Heinz Konrad as Supervisory Board Member | Director Elections | Board | AGAINST | 3 | |
| Raiffeisen Bank International AG | March 26, 2025 | Elect Reinhard Schwendtbauer as Supervisory Board Member | Director Elections | Board | AGAINST | 3 | |
| Rashtriya Chemicals and Fertilizers Limited | September 30, 2024 | Elect Ajay Shanker Singh as Government Nominee Director | Director Elections | Board | AGAINST | 3 | |
| Rashtriya Chemicals and Fertilizers Limited | September 30, 2024 | Elect Ritu Goswami as Director (Technical) | Director Elections | Board | AGAINST | 3 | |
| Rashtriya Chemicals and Fertilizers Limited | September 30, 2024 | Reelect Aneeta C. Meshram as Director | Director Elections | Board | AGAINST | 3 | |
| Rashtriya Chemicals and Fertilizers Limited | September 30, 2024 | Reelect Nazhat J. Shaikh as Director | Director Elections | Board | AGAINST | 3 | |
| Reliance Industries Ltd. | August 29, 2024 | Elect Hital R. Meswani as Director | Director Elections | Board | AGAINST | 3 | |
| Reliance Industries Ltd. | August 29, 2024 | Elect P.M.S. Prasad as Director | Director Elections | Board | AGAINST | 3 | |
| Renault SA | April 30, 2025 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 3 | |
| Riyad Bank | April 13, 2025 | Authorize Share Repurchase Program Up to 7,500,000 Shares to be Kept as Treasury Shares and to be Allocated to the Employees Share Plan and Authorize Board to Execute All Related Matters | Capital Structure | Board | AGAINST | 3 | |
| SINOPEC Engineering (Group) Co., Ltd. | May 9, 2025 | Approve Cap for the Amount of Parent Guarantee | Capital Structure | Board | AGAINST | 3 |
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Built November 7, 2026 from SEC Form N-PX filings.