Home › Asset managers › Northern Trust › 2025-2026 › Against the board
At least 6,093 proposals in the 2025-2026 proxy season: Northern Trust voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 93 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Northern Trust 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
6,093 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.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Northern Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | February 5, 2026 | Election of Directors: Olivia L. Tyson | Director Elections | Board | AGAINST | 5 | |
| UNITY SOFTWARE INC. | May 13, 2026 | To approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the accompanying proxy statement. | Say-on-Pay | Board | AGAINST | 5 | |
| UNIVERSAL DISPLAY CORPORATION | June 18, 2026 | Advisory resolution to approve the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 5 | |
| UOL Group Limited | April 27, 2026 | Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| UOL Group Limited | April 27, 2026 | Elect Lee Chin Yong Francis as Director | Director Elections | Board | AGAINST | 5 | |
| UOL Group Limited | April 27, 2026 | Elect Wee Ee-chao as Director | Director Elections | Board | AGAINST | 5 | |
| Unibail-Rodamco-Westfield NV | June 18, 2026 | Elect Vincent Rouget to Supervisory Board | Director Elections | Board | AGAINST | 5 | |
| Unibail-Rodamco-Westfield SE | May 6, 2026 | Ratify Appointment of Jules Niel as Supervisory Board Member | Director Elections | Board | AGAINST | 5 | |
| United Overseas Bank Limited (Singapore) | April 17, 2026 | Elect Wee Ee Cheong as Director | Director Elections | Board | AGAINST | 5 | |
| VAT Group AG | April 28, 2026 | Ratify KPMG AG as Auditors | Audit-related | Board | AGAINST | 5 | |
| VIKING THERAPEUTICS INC | May 19, 2026 | TO APPROVE, ON AN ADVISORY BASIS, THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS. | Say-on-Pay | Board | AGAINST | 5 | |
| Verint Systems Inc. | November 18, 2025 | Approval, on a non-binding, advisory basis, of certain compensation that may be paid or become payable to Verint's named executive officers in connection with the Merger. | Say-on-Pay | Board | AGAINST | 5 | |
| Volvo AB | April 8, 2026 | Reelect Helena Stjernholm as Director | Director Elections | Board | AGAINST | 5 | |
| Volvo AB | April 8, 2026 | Reelect Par Boman as Board Chair | Director Elections | Board | AGAINST | 5 | |
| Volvo AB | April 8, 2026 | Reelect Par Boman as Director | Director Elections | Board | AGAINST | 5 | |
| WAYFAIR INC | May 21, 2026 | A non-binding advisory resolution to approve executive compensation. | Say-on-Pay | Board | AGAINST | 5 | |
| Want Want China Holdings Limited | August 26, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Want Want China Holdings Limited | August 26, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 5 | |
| Want Want China Holdings Limited | August 26, 2025 | Elect Pei Kerwei as Director | Director Elections | Board | AGAINST | 5 | |
| Wihlborgs Fastigheter AB | April 22, 2026 | Reelect Jan Litborn as Director | Director Elections | Board | AGAINST | 5 | |
| Wihlborgs Fastigheter AB | April 22, 2026 | Reelect Lennart Mauritzson as Director | Director Elections | Board | AGAINST | 5 | |
| Yamaha Motor Co., Ltd. | March 25, 2026 | Elect Director Watanabe, Katsuaki | Director Elections | Board | ABSTAIN | 5 | |
| bioMerieux SA | May 28, 2026 | Approve Compensation of Pierre Boulud, CEO | Compensation | Board | AGAINST | 5 | |
| 1st Source Corporation | April 23, 2026 | Election of Directors for terms expiring April 2029: Timothy K. Ozark | Director Elections | Board | AGAINST | 4 | |
| 1st Source Corporation | April 23, 2026 | Election of Directors for terms expiring April 2029: Todd F. Schurz | Director Elections | Board | AGAINST | 4 | |
| ABACUS GLOBAL MANAGEMENT, INC. | June 3, 2026 | Approval, by an advisory vote, of the compensation of the Company's Named Executive Officers. | Say-on-Pay | Board | AGAINST | 4 | |
| ACM Research, Inc. | June 10, 2026 | Election of Directors: Charles Pappis | Director Elections | Board | WITHHOLD | 4 | |
| AEON Co., Ltd. | May 27, 2026 | Elect Director Tsukamoto, Takashi | Director Elections | Board | AGAINST | 4 | |
| AERSALE INC. | June 11, 2026 | Approval, on an advisory basis, of the Company's named executive officer compensation. | Say-on-Pay | Board | AGAINST | 4 | |
| AMC ENTERTAINMENT HOLDINGS, INC. | December 10, 2025 | Say on Pay - An advisory vote to approve the compensation of named executive officers. | Say-on-Pay | Board | AGAINST | 4 | |
| ASSA ABLOY AB | April 28, 2026 | Approve Performance Share Matching Plan LTI 2026 for Senior Executives and Key Employees | Compensation | Board | AGAINST | 4 | |
| ASSA ABLOY AB | April 28, 2026 | Reelect Johan Hjertonsson (Chair), Carl Douglas (Vice Chair), Erik Ekudden, Sofia Schorling Hogberg, Lena Olving, Victoria Van Camp and Susanne Pahlen Aklundh as Directors; Elect Astrid Mozes and Jurgen Timperman as New Directors | Director Elections | Board | AGAINST | 4 | |
| ASX Limited | October 23, 2025 | Approve the Spill Resolution | Compensation | Board | AGAINST | 4 | |
| Accor SA | May 27, 2026 | Approve Compensation of Sebastien Bazin, Chairman and CEO | Compensation | Board | AGAINST | 4 | |
| Accor SA | May 27, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 4 | |
| Addus HomeCare Corporation | June 10, 2026 | Election of Directors: Michael Earley | Director Elections | Board | WITHHOLD | 4 | |
| Aedifica SA | May 12, 2026 | Authorize Increase in Share Capital of up to 20 Percent of Authorized Capital Without Preemptive Rights by Various Means | Capital Structure | Board | AGAINST | 4 | |
| Aker BP ASA | April 21, 2026 | Approve Creation of Up to NOK 31.6 Million Pool of Capital without Preemptive Rights | Capital Structure | Board | AGAINST | 4 | |
| Aker BP ASA | April 21, 2026 | Authorize Share Repurchase Program and Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 4 | |
| Aker BP ASA | April 21, 2026 | Reelect Oyvind Eriksen (Chair) as Director | Director Elections | Board | AGAINST | 4 | |
| Albertsons Companies, Inc. | August 7, 2025 | Stockholder Proposal Regarding Food Waste Reporting. | Environment or Climate | Shareholder | Against | FOR | 4 |
| Alfa Laval AB | April 22, 2026 | Reelect Jorn Rausing as Director | Director Elections | Board | AGAINST | 4 | |
| America Movil SAB de CV | April 23, 2026 | Approve Consolidated Financial Statements, Allocation of Income and Dividends | Capital Structure | Board | AGAINST | 4 | |
| America Movil SAB de CV | April 23, 2026 | Elect and/or Ratify Antonio Cosio Pando as Director | Director Elections | Board | AGAINST | 4 | |
| American States Water Company | May 19, 2026 | Election of Class III Directors: Mr. C. James Levin | Director Elections | Board | WITHHOLD | 4 | |
| AppLovin Corporation | June 3, 2026 | Election of Directors: CRAIG BILLINGS | Director Elections | Board | WITHHOLD | 4 | |
| Apple Inc. | February 24, 2026 | Advisory vote to approve executive compensation | Say-on-Pay | Board | AGAINST | 4 | |
| ArcBest Corporation | April 24, 2026 | A shareholder proposal to approve GHG emissions reduction targets, if properly presented at the Annual Meeting. | Environment or Climate | Shareholder | Against | FOR | 4 |
| Asahi Group Holdings Ltd. | March 24, 2026 | Approve Allocation of Income, with a Final Dividend of JPY 26 | Capital Structure | Board | AGAINST | 4 | |
| Ashtead Group Plc | September 2, 2025 | Re-elect Paul Walker as Director | Director Elections | Board | AGAINST | 4 | |
| Axos Financial, Inc. | November 13, 2025 | To approve an amendment to the Amended and Restated 2014 Stock Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| Ayvens SA | May 13, 2026 | Approve Remuneration Policy of Philippe de Rovira, CEO | Compensation | Board | AGAINST | 4 | |
| Ayvens SA | May 13, 2026 | Reelect Hacina Py as Director | Director Elections | Board | AGAINST | 4 | |
| Azrieli Group Ltd. | August 7, 2025 | Reappoint Deloitte Brightman, Almagor, Zohar & Co. as Auditors | Audit-related | Board | AGAINST | 4 | |
| Azrieli Group Ltd. | August 7, 2025 | Reelect Irit Sekler-Pilosof as Director | Director Elections | Board | AGAINST | 4 | |
| Azrieli Group Ltd. | August 7, 2025 | Reelect Menachem Einan as Director | Director Elections | Board | AGAINST | 4 | |
| B&G FOODS, INC. | May 21, 2026 | Approval, by non-binding advisory vote, of executive compensation (Proposal No. 2): | Say-on-Pay | Board | AGAINST | 4 | |
| B. RILEY FINANCIAL, INC. | December 1, 2025 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 4 | |
| BANCA MEDIOLANUM S.P.A. | April 16, 2026 | REMUNERATION POLICIES. APPROVAL OF THE REPORT ON REMUNERATION POLICIES - SECTION II, ALSO PURSUANT TO ARTICLE 123-TER OF LEGISLATIVE DECREE NO. 58/1998 | Say-on-Pay | Board | AGAINST | 4 | |
| BAWAG Group AG | April 22, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 4 | |
| BKV Corp. | June 11, 2026 | Election of Class II Directors: Akaraphong Dayananda | Director Elections | Board | WITHHOLD | 4 | |
| BKV Corp. | June 11, 2026 | Election of Class II Directors: Thiti Mekavichai | Director Elections | Board | WITHHOLD | 4 | |
| BOC Aviation Limited | June 2, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 4 | |
| BOC Aviation Limited | June 2, 2026 | Elect Chen Xiang as Director | Director Elections | Board | AGAINST | 4 | |
| BOC Aviation Limited | June 2, 2026 | Elect Dai Deming as Director | Director Elections | Board | AGAINST | 4 | |
| BOC Aviation Limited | June 2, 2026 | Elect Jin Hongju as Director | Director Elections | Board | AGAINST | 4 | |
| BOC Aviation Limited | June 2, 2026 | Elect Zhuo Chengwen as Director | Director Elections | Board | AGAINST | 4 | |
| BT Group Plc | July 10, 2025 | Re-elect Raphael Kubler as Director | Director Elections | Board | AGAINST | 4 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Slate 1 Submitted by Board of Directors | Director Elections | Board | AGAINST | 4 | |
| Banner Corporation | May 20, 2026 | Election of twelve directors to each serve for a one-year term: Roberto R. Herencia | Director Elections | Board | AGAINST | 4 | |
| Banque Cantonale Vaudoise | April 30, 2026 | Approve Long-Term Variable Remuneration of Executive Committee in Form of 9,952 Shares | Compensation | Board | AGAINST | 4 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Kenneth I. Chenault | Director Elections | Board | WITHHOLD | 4 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Stephen B. Burke | Director Elections | Board | WITHHOLD | 4 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Thomas S. Murphy, Jr. | Director Elections | Board | WITHHOLD | 4 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Election of Directors: Warren E. Buffett | Director Elections | Board | WITHHOLD | 4 | |
| Berkshire Hathaway Inc. | May 2, 2026 | Shareholder proposal requesting that the Company issue a report disclosing the Board's oversight framework for workforce and human-capital management across its operating subsidiaries. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 4 |
| BioCryst Pharmaceuticals, Inc. | June 11, 2026 | To approve an amended and restated Stock Incentive Plan, increasing the number of shares available for issuance under the Stock Incentive Plan. | Compensation | Board | AGAINST | 4 | |
| BioLife Solutions, Inc. | August 20, 2025 | Election of Directors: Joydeep Goswami | Director Elections | Board | WITHHOLD | 4 | |
| BioLife Solutions, Inc. | August 20, 2025 | Election of Directors: Rachel Ellingson | Director Elections | Board | WITHHOLD | 4 | |
| Boardwalk Real Estate Investment Trust | May 4, 2026 | Elect Trustee Brian G. Robinson | Director Elections | Board | WITHHOLD | 4 | |
| Booz Allen Hamilton Holding Corporation | July 23, 2025 | Vote on a stockholder proposal regarding a report on political spending. | Other Social Issues | Shareholder | Against | FOR | 4 |
| Broadcom Inc. | April 20, 2026 | Advisory vote to approve the named executive officer compensation. | Say-on-Pay | Board | AGAINST | 4 | |
| Brookfield Renewable Corporation | June 17, 2026 | Elect Director Jeffrey Blidner | Director Elections | Board | WITHHOLD | 4 | |
| Bunzl Plc | April 22, 2026 | Re-elect Vin Murria as Director | Director Elections | Board | AGAINST | 4 | |
| CAR Group Limited | October 31, 2025 | Elect David Wiadrowski as Director | Director Elections | Board | AGAINST | 4 | |
| CEZ A.S. | June 1, 2026 | APPROVE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 4 | |
| CHOICE HOTELS INTERNATIONAL, INC. | May 21, 2026 | Advisory approval of the compensation of the Company's Named Executive Officers. | Say-on-Pay | Board | AGAINST | 4 | |
| CK Hutchison Holdings Limited | May 21, 2026 | Elect Fok Kin Ning, Canning as Director | Director Elections | Board | AGAINST | 4 | |
| CLP Holdings Limited | May 8, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| CLP Holdings Limited | May 8, 2026 | Elect Chan Bernard Charnwut as Director | Director Elections | Board | AGAINST | 4 | |
| CNA FINANCIAL CORPORATION | April 29, 2026 | An advisory (non-binding) vote to approve named executive officer compensation. | Say-on-Pay | Board | AGAINST | 4 | |
| COGENT COMMUNICATIONS HOLDINGS, INC. | May 1, 2026 | PROPOSAL - To hold an advisory vote to approve named executive officer compensation. | Say-on-Pay | Board | AGAINST | 4 | |
| COSCO SHIPPING Holdings Co., Ltd. | May 26, 2026 | Elect Fan Chun Wah, Andrew as Director | Director Elections | Board | AGAINST | 4 | |
| COSCO SHIPPING Holdings Co., Ltd. | May 26, 2026 | Elect Shen Dou as Director | Director Elections | Board | AGAINST | 4 | |
| COSCO SHIPPING Holdings Co., Ltd. | May 26, 2026 | Elect Tao Weidong as Director | Director Elections | Board | AGAINST | 4 | |
| CRICUT, INC. | June 3, 2026 | To approve, by non-binding vote, named executive officer compensation. | Say-on-Pay | Board | AGAINST | 4 | |
| CRISPR THERAPEUTICS AG | June 4, 2026 | Non-binding advisory vote on the compensation paid to the Company's named executive officers under U.S. securities law requirements. | Say-on-Pay | Board | AGAINST | 4 | |
| CSX Corporation | May 12, 2026 | Election of Directors: John J. Zillmer | Director Elections | Board | AGAINST | 4 | |
| Castellum AB | April 29, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 4 | |
| Caterpillar, Inc. | June 10, 2026 | Election of Directors: James C. Fish, Jr. | Director Elections | Board | AGAINST | 4 |
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Built November 7, 2026 from SEC Form N-PX filings.