Home › Asset managers › GMO › 2025-2026 › 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
1,468 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | GMO voted | Funds |
|---|---|---|---|---|---|---|---|
| Itochu Enex Co., Ltd. | June 17, 2026 | Elect Director Tabata, Nobuyuki | Director Elections | Board | AGAINST | 2 | |
| Jack Henry & Associates, Inc. | November 12, 2025 | To approve the Company's 2025 Equity Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Kobe Steel, Ltd. | June 23, 2026 | Elect Director and Audit Committee Member Kitayama, Hisae | Director Elections | Board | AGAINST | 2 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect P. Masil Jeya Mohan as Independent Director | Director Elections | Board | AGAINST | 2 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect Ratnakar Patnaik as Non-Executive Director | Director Elections | Board | AGAINST | 2 | |
| LIC Housing Finance Limited | August 29, 2025 | Elect T. C. Suseel Kumar as Independent Director | Director Elections | Board | AGAINST | 2 | |
| LIC Housing Finance Limited | August 29, 2025 | Reelect Akshay Rout as Director | Director Elections | Board | AGAINST | 2 | |
| LIC Housing Finance Limited | January 8, 2026 | Elect Doraiswamy Ramachandran as Director | Director Elections | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation of Bernard Arnault, Chairman and CEO | Compensation | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Authorize up to 1 Percent of Issued Capital for Use in Restricted Stock Plans | Compensation | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Authorize up to 1 Percent of Issued Capital for Use in Stock Option Plans | Compensation | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Delphine Arnault as Director | Director Elections | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Laurent Mignon as Director | Director Elections | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Marie-Josee Kravis as Director | Director Elections | Board | AGAINST | 2 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Natacha Valla as Director | Director Elections | Board | AGAINST | 2 | |
| Levi Strauss & Co. | April 22, 2026 | Advisory vote to approve executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| Linamar Corporation | May 12, 2026 | Elect Director Jim Jarrell | Director Elections | Board | WITHHOLD | 2 | |
| Linamar Corporation | May 12, 2026 | Elect Director Linda Hasenfratz | Director Elections | Board | WITHHOLD | 2 | |
| Linamar Corporation | May 12, 2026 | Elect Director Mark Stoddart | Director Elections | Board | WITHHOLD | 2 | |
| Linamar Corporation | May 12, 2026 | Elect Director Terry Reidel | Director Elections | Board | WITHHOLD | 2 | |
| MPC Container Ships ASA | May 7, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 2 | |
| MPC Container Ships ASA | May 7, 2026 | Reelect Ulf Stephan Hollander (Chair) as Director | Director Elections | Board | AGAINST | 2 | |
| Maruzen Showa Unyu Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Naito, Akinobu | Director Elections | Board | AGAINST | 2 | |
| NIPPN Corp. | June 26, 2026 | Elect Director Maezuru, Toshiya | Director Elections | Board | AGAINST | 2 | |
| NIPPN Corp. | June 26, 2026 | Elect Director Otao, Toru | Director Elections | Board | AGAINST | 2 | |
| NIPPN Corp. | June 26, 2026 | Elect Director and Audit Committee Member Hayama, Yoshiko | Director Elections | Board | AGAINST | 2 | |
| NOS SGPS SA | April 22, 2026 | Amend Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Nava Limited | August 14, 2025 | Approve Commission Payable to Non-Executive Directors | Compensation | Board | AGAINST | 2 | |
| Nava Limited | August 14, 2025 | Approve Payment of Bonus to Ashwin Devineni as Managing Director of Subsidiary | Compensation | Board | AGAINST | 2 | |
| Nava Limited | August 14, 2025 | Reelect D. Ashok as Director | Director Elections | Board | AGAINST | 2 | |
| Newmark Group, Inc. | December 30, 2025 | Approval, on an advisory basis, of executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| Newmark Group, Inc. | December 30, 2025 | Election of Directors: Kenneth A. McIntyre | Director Elections | Board | WITHHOLD | 2 | |
| Newmark Group, Inc. | December 30, 2025 | Election of Directors: Kyle S. Lutnick | Director Elections | Board | WITHHOLD | 2 | |
| Newmark Group, Inc. | December 30, 2025 | Election of Directors: Stephen M. Merkel | Director Elections | Board | WITHHOLD | 2 | |
| Newmark Group, Inc. | December 30, 2025 | Election of Directors: Virginia S. Bauer | Director Elections | Board | WITHHOLD | 2 | |
| Nine Entertainment Co. Holdings Limited | November 7, 2025 | Approve Conditional Board Spill Resolution | Compensation | Board | AGAINST | 2 | |
| Nine Entertainment Co. Holdings Limited | November 7, 2025 | Approve Grant of 2025 Performance Rights to Matthew Stanton | Compensation | Board | AGAINST | 2 | |
| Nine Entertainment Co. Holdings Limited | November 7, 2025 | Approve Grant of 2026 Performance Rights to Matthew Stanton | Compensation | Board | AGAINST | 2 | |
| Nine Entertainment Co. Holdings Limited | November 7, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Nojima Co., Ltd. | June 19, 2026 | Approve Stock Option Plan | Compensation | Board | AGAINST | 2 | |
| Nojima Co., Ltd. | June 19, 2026 | Elect Director Iwami, Hiroyuki | Director Elections | Board | AGAINST | 2 | |
| Nojima Co., Ltd. | June 19, 2026 | Elect Director Yamada, Ryuji | Director Elections | Board | AGAINST | 2 | |
| Novo Nordisk A/S | March 26, 2026 | Reelect Britt Meelby Jensen as Director | Director Elections | Board | ABSTAIN | 2 | |
| Novo Nordisk A/S | March 26, 2026 | Reelect Kasim Kutay as Director | Director Elections | Board | ABSTAIN | 2 | |
| Novo Nordisk A/S | March 26, 2026 | Reelect Lars Rebien Sorensen (Chair) as Director | Director Elections | Board | ABSTAIN | 2 | |
| Obara Group, Inc. | December 19, 2025 | Appoint Statutory Auditor Suzuki, Yuji | Compensation | Board | AGAINST | 2 | |
| Odfjell Drilling Ltd. | June 16, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Oki Electric Industry Co., Ltd. | June 24, 2026 | Elect Director Mori, Takahiro | Director Elections | Board | AGAINST | 2 | |
| Origin Enterprises Plc | November 20, 2025 | Re-elect Gary Britton as Director | Director Elections | Board | AGAINST | 2 | |
| PAX Global Technology Limited | May 20, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| PAX Global Technology Limited | May 20, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| PAX Global Technology Limited | May 20, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| PERSOL Holdings Co., Ltd. | June 23, 2026 | Elect Director and Audit Committee Member Tomoda, Kazuhiko | Director Elections | Board | AGAINST | 2 | |
| PagSeguro Digital Ltd. | December 19, 2025 | Elect Director Alexandre Magnani | Director Elections | Board | AGAINST | 2 | |
| PagSeguro Digital Ltd. | December 19, 2025 | Elect Director Artur Schunck | Director Elections | Board | AGAINST | 2 | |
| PayPal Holdings, Inc. | May 19, 2026 | Approval of the PayPal Holdings, Inc. 2026 Equity Incentive Award Plan. | Compensation | Board | AGAINST | 2 | |
| Permian Resources Corporation | May 19, 2026 | To approve the First Amendment to the Permian Resources Corporation 2023 Long Term Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Power Finance Corporation Limited | August 28, 2025 | Reelect Naresh Dhanrajbhai Kella as Director | Director Elections | Board | AGAINST | 2 | |
| Power Finance Corporation Limited | August 28, 2025 | Reelect Rajiv Ranjan Jha as Director | Director Elections | Board | AGAINST | 2 | |
| Power Finance Corporation Limited | August 28, 2025 | Reelect Usha Sajeev Nair as Director | Director Elections | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Approve Appointment and Remuneration of Vamsi Ramamohan Burra as Whole-Time Director | Compensation | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Elect Abhay Bakre as Director | Director Elections | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Elect Sajal Jha as Director | Director Elections | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Elect Shiv Tapasya Paswan as Director | Director Elections | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Reelect Naveen Srivastava as Director | Director Elections | Board | AGAINST | 2 | |
| Power Grid Corporation of India Limited | August 26, 2025 | Reelect Yatindra Dwivedi as Director | Director Elections | Board | AGAINST | 2 | |
| Prosegur Compania de Seguridad SA | April 30, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Prosegur Compania de Seguridad SA | April 30, 2026 | Approve Long-Term Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Prosegur Compania de Seguridad SA | April 30, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Rajesh Exports Limited | December 30, 2025 | Reelect Asha Mehta as Director | Director Elections | Board | AGAINST | 2 | |
| Robinsons Retail Holdings, Inc. | May 12, 2026 | Elect James L. Go as Director | Director Elections | Board | AGAINST | 2 | |
| Robinsons Retail Holdings, Inc. | May 12, 2026 | Elect Lance Y. Gokongwei as Director | Director Elections | Board | AGAINST | 2 | |
| SHINANEN Holdings Co., Ltd. | June 25, 2026 | Elect Director and Audit Committee Member Ohashi, Hiroyuki | Director Elections | Board | AGAINST | 2 | |
| Sakai Moving Service Co., Ltd. | June 20, 2026 | Elect Director and Audit Committee Member Takahashi, Masaya | Director Elections | Board | AGAINST | 2 | |
| Salesforce, Inc. | May 28, 2026 | Amendment and restatement of our 2013 Equity Incentive Plan to increase the number of shares reserved for issuance and extend the plan term. | Compensation | Board | AGAINST | 2 | |
| Sankyo Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Yamasaki, Hiroyuki | Director Elections | Board | AGAINST | 2 | |
| Seaboard Corporation | April 20, 2026 | Election of directors: Ellen S. Bresky | Director Elections | Board | WITHHOLD | 2 | |
| Seaboard Corporation | April 20, 2026 | Election of directors: Paul M. Squires | Director Elections | Board | WITHHOLD | 2 | |
| Sekisui Jushi Corp. | June 25, 2026 | Approve Cash Compensation Ceiling for Directors and Restricted Stock Plan | Compensation | Board | AGAINST | 2 | |
| Shinnihon Corp. | June 26, 2026 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 2 | |
| Shinnihon Corp. | June 26, 2026 | Elect Director Kanetsuna, Kazuo | Director Elections | Board | AGAINST | 2 | |
| Shinnihon Corp. | June 26, 2026 | Elect Director Takami, Katsushi | Director Elections | Board | AGAINST | 2 | |
| SmarTone Telecommunications Holdings Limited | November 4, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| SmarTone Telecommunications Holdings Limited | November 4, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Southern Cross Media Group Limited | November 24, 2025 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 2 | |
| Southern Cross Media Group Limited | November 24, 2025 | Elect Ido Leffler as Director | Director Elections | Board | AGAINST | 2 | |
| StarHub Ltd. | April 30, 2026 | Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Starts Corp., Inc. | June 26, 2026 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 2 | |
| Starts Corp., Inc. | June 26, 2026 | Elect Director Muraishi, Hisaji | Director Elections | Board | AGAINST | 2 | |
| Starts Corp., Inc. | June 26, 2026 | Elect Director Muraishi, Toyotaka | Director Elections | Board | AGAINST | 2 | |
| Steelcase Inc. | July 9, 2025 | Election of ten nominees to the Board of Directors: Catherine C. B. Schmelter | Director Elections | Board | AGAINST | 2 | |
| Steelcase Inc. | July 9, 2025 | Election of ten nominees to the Board of Directors: Cathy D. Ross | Director Elections | Board | AGAINST | 2 | |
| Steelcase Inc. | July 9, 2025 | Election of ten nominees to the Board of Directors: Connie K. Duckworth | Director Elections | Board | AGAINST | 2 | |
| Steelcase Inc. | July 9, 2025 | Election of ten nominees to the Board of Directors: Timothy C. E. Brown | Director Elections | Board | AGAINST | 2 | |
| Steelcase Inc. | December 5, 2025 | Proposal to approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to Steelcase's named executive officers that is based on or otherwise relates to the mergers contemplated by the Merger Agreement (the "Steelcase compensation proposal"). | Say-on-Pay | Board | AGAINST | 2 | |
| Stolt-Nielsen Ltd. | April 16, 2026 | Authorize Share Repurchase Program | Capital Structure | Board | AGAINST | 2 | |
| Stolt-Nielsen Ltd. | April 16, 2026 | Elect Jan Chr. Engelhardtsen as Director | Director Elections | Board | AGAINST | 2 | |
| Stolt-Nielsen Ltd. | April 16, 2026 | Elect Jens F. Gruner-Hegge as Director | Director Elections | Board | AGAINST | 2 |
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Built November 1, 2026 from SEC Form N-PX filings.