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BAYER AG 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings. Page generated 02 October 2026.

46Reported items
227Asset managers
4,480Fund votes
2024-04-26Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore BAYER AG in the interactive database Compare manager voting policies

How asset managers voted at the BAYER AG 2023-2024 meeting

Each item below shows how the 227 asset managers that disclosed a BAYER AG vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of BAYER AG’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Resolution on the approval of the Compensation Report.

SECTION 14A SAY-ON-PAY VOTES

Combines 4 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 129 asset managers below cast 97% of the shares they voted on this item FOR (36,780,852 for, 1,133,840 against).

FOR: 36,780,852 (96.8%)AGAINST: 1,133,840 (3.0%)NOT VOTED: 86,565 (0.2%)

Largest asset managers voting on “Resolution on the approval of the Compensation Report.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
EAGLE CAPITAL MANAGEMENT LLC	28,065,670	0	For
Natixis	2,691,463	0	For
LOEWS CORP	2,000,000	0	For
FOUNDATION RESOURCE MANAGEMENT INC	0	1,094,552	Against
RAYMOND JAMES & ASSOCIATES	968,212	0	For
Northern Trust	866,251	0	For
PNC BANK, NATIONAL ASSOCIATION	628,327	0	For
ENVESTNET ASSET MANAGEMENT INC	467,856	0	For
AMG National Trust Bank	204,350	0	For
World Funds Trust	183,000	0	For
PRIVATE MANAGEMENT GROUP INC	0	0	Not Voted
OPPENHEIMER ASSET MANAGEMENT INC.	70,686	0	For
ADVISOR PARTNERS II, LLC	60,153	0	For
BROWN BROTHERS HARRIMAN & CO	54,615	0	For
LEVIN CAPITAL STRATEGIES, L.P.	47,000	0	For
Corient Private Wealth LLC	42,789	0	For
JPMorgan	42,202	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
STEPHENS INC /AR/	25,133	0	For
MERCER GLOBAL ADVISORS INC /ADV	24,009	0	For
Whetstone Capital Advisors, LLC	20,504	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
RAYMOND JAMES TRUST N.A.	18,116	0	For
Kovitz Investment Group Partners, LLC	0	16,912	Against

Showing the 25 largest of 129 asset managers. See all 129 in the interactive database.

2. APPROVE REMUNERATION REPORT

SECTION 14A SAY-ON-PAY VOTES

83% fund support · no official result

FOR 83%AGAINST 17%

The 90 asset managers below cast 83% of the shares they voted on this item FOR (126,110,945 for, 26,631,382 against).

FOR: 126,110,945 (82.5%)AGAINST: 26,631,382 (17.4%)ABSTAIN: 49,288 (0.0%)NOT VOTED: 49,074 (0.0%)

Largest asset managers voting on “APPROVE REMUNERATION REPORT” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	26,976,907	0	For
Dodge & Cox	25,762,630	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	0	For
BlackRock	0	23,722,588	Against
Fidelity	9,602,525	0	For
Dimensional	4,867,932	0	For
T. Rowe Price	4,771,864	0	For
Capital Group	3,714,240	0	For
JPMorgan	2,986,873	0	For
MFS	2,574,379	0	For
State Street	2,301,378	0	For
ARMISTICE CAPITAL, LLC	2,196,000	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	0	For
TIAA	1,454,593	0	For
APG Asset Management US Inc.	1,444,317	0	For
Bridge Builder Trust	1,229,544	54,459	For
Six Circles Trust	0	1,238,159	Against
Jackson National	960,782	0	For
Equitable	651,084	276,327	For
Northern Trust	865,084	51,377	For
WisdomTree	755,992	0	For
Northwestern Mutual	690,000	0	For
Lincoln Financial	141,672	281,764	Against
DWS	424,949	0	For
Natixis	404,030	0	For

Showing the 25 largest of 90 asset managers. See all 90 in the interactive database.

3. APPROVE REMUNERATION POLICY

SECTION 14A SAY-ON-PAY VOTES

99.6% fund support · no official result

FOR 99.5%

The 80 asset managers below cast 99.6% of the shares they voted on this item FOR (145,464,684 for, 540,256 against).

FOR: 145,464,684 (99.6%)AGAINST: 540,256 (0.4%)ABSTAIN: 49,288 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “APPROVE REMUNERATION POLICY” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	26,976,907	0	For
Dodge & Cox	25,762,630	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	0	For
BlackRock	23,722,588	0	For
Fidelity	9,602,525	0	For
Dimensional	4,867,932	0	For
T. Rowe Price	4,771,864	0	For
Capital Group	3,714,240	0	For
MFS	2,574,379	0	For
State Street	2,301,378	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	0	For
TIAA	1,454,593	0	For
Bridge Builder Trust	1,284,003	0	For
Six Circles Trust	1,238,159	0	For
JPMorgan	1,147,395	0	For
Jackson National	960,782	0	For
Equitable	927,411	0	For
WisdomTree	755,992	0	For
Northwestern Mutual	690,000	0	For
Lincoln Financial	423,436	0	For
DWS	424,949	0	For
Natixis	404,030	0	For
Columbia Threadneedle	0	366,572	Against
Northern Trust	300,551	0	For
John Hancock	300,368	0	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

4. Approve Affiliation Agreement with Bayer CropScience AG

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,787,304 for, 0 against).

FOR: 145,787,304 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Approve Affiliation Agreement with Bayer CropScience AG” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

5. Approve Discharge of Management Board for Fiscal Year 2023

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,786,957 for, 0 against).

FOR: 145,786,957 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Approve Discharge of Management Board for Fiscal Year 2023” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

6. Approve Discharge of Supervisory Board for Fiscal Year 2023

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,787,304 for, 0 against).

FOR: 145,787,304 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Approve Discharge of Supervisory Board for Fiscal Year 2023” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

7. Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,787,304 for, 0 against).

FOR: 145,787,304 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Authorize Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

8. Authorize Use of Financial Derivatives when Repurchasing Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,787,304 for, 0 against).

FOR: 145,787,304 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Authorize Use of Financial Derivatives when Repurchasing Shares” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

9. Elect Ertharin Cousin to the Supervisory Board

DIRECTOR ELECTIONS

99.3% fund support · no official result

FOR 99.2%

The 76 asset managers below cast 99.3% of the shares they voted on this item FOR (144,777,661 for, 1,009,643 against).

FOR: 144,777,661 (99.3%)AGAINST: 1,009,643 (0.7%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Elect Ertharin Cousin to the Supervisory Board” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	26,976,907	0	For
Dodge & Cox	25,762,630	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	0	For
BlackRock	23,722,588	0	For
Fidelity	9,602,525	0	For
Dimensional	4,867,932	0	For
T. Rowe Price	4,771,864	0	For
Capital Group	3,714,240	0	For
MFS	2,574,379	0	For
State Street	2,301,378	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	0	For
TIAA	1,454,593	0	For
Bridge Builder Trust	1,284,003	0	For
Six Circles Trust	1,238,159	0	For
JPMorgan	1,147,395	0	For
Jackson National	960,782	0	For
Equitable	927,411	0	For
WisdomTree	755,992	0	For
Northwestern Mutual	690,000	0	For
Lincoln Financial	423,436	0	For
DWS	424,949	0	For
Natixis	404,030	0	For
Columbia Threadneedle	366,572	0	For
Northern Trust	300,551	0	For
John Hancock	33,683	266,685	Against

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

10. Elect Horst Baier to the Supervisory Board

DIRECTOR ELECTIONS

99.6% fund support · no official result

FOR 99.6%

The 76 asset managers below cast 99.6% of the shares they voted on this item FOR (145,295,804 for, 491,500 against).

FOR: 145,295,804 (99.6%)AGAINST: 491,500 (0.3%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Elect Horst Baier to the Supervisory Board” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
Vanguard	26,976,907	0	For
Dodge & Cox	25,762,630	0	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	0	For
BlackRock	23,722,588	0	For
Fidelity	9,602,525	0	For
Dimensional	4,867,932	0	For
T. Rowe Price	4,771,864	0	For
Capital Group	3,714,240	0	For
MFS	2,574,379	0	For
State Street	2,301,378	0	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	0	For
TIAA	1,454,593	0	For
Bridge Builder Trust	1,284,003	0	For
Six Circles Trust	1,238,159	0	For
JPMorgan	1,147,395	0	For
Jackson National	960,782	0	For
Equitable	927,411	0	For
WisdomTree	755,992	0	For
Northwestern Mutual	690,000	0	For
Lincoln Financial	423,436	0	For
DWS	424,949	0	For
Natixis	404,030	0	For
Columbia Threadneedle	0	366,572	Against
Northern Trust	300,551	0	For
John Hancock	300,368	0	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

11. Elect Jeffrey Ubben to the Supervisory Board

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (145,778,617 for, 8,687 against).

FOR: 145,778,617 (100.0%)AGAINST: 8,687 (0.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Elect Jeffrey Ubben to the Supervisory Board” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

12. Elect Lori Schechter to the Supervisory Board

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (145,778,617 for, 8,687 against).

FOR: 145,778,617 (100.0%)AGAINST: 8,687 (0.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Elect Lori Schechter to the Supervisory Board” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

13. Elect Nancy Simonian to the Supervisory Board

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (145,778,617 for, 8,687 against).

FOR: 145,778,617 (100.0%)AGAINST: 8,687 (0.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Elect Nancy Simonian to the Supervisory Board” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

14. Ratify Deloitte GmbH as Auditors for Fiscal Year 2024 and for the Review of Interim Financial Statements for Fiscal Year 2024 and First Quarter of Fiscal Year 2025

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 100% of the shares they voted on this item FOR (145,787,304 for, 0 against).

FOR: 145,787,304 (100.0%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Ratify Deloitte GmbH as Auditors for Fiscal Year 2024 and for the Review of Interim Financial Statements for F” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

15. Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per Share for Fiscal Year 2023

CORPORATE GOVERNANCE

99.9% fund support · no official result

FOR 99.8%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (145,671,063 for, 116,241 against).

FOR: 145,671,063 (99.9%)AGAINST: 116,241 (0.1%)ABSTAIN: 408 (0.0%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 0.11 per” at BAYER AG, 2023-2024
Asset manager	For	Vote
Vanguard	26,976,907	For
Dodge & Cox	25,762,630	For
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	For
BlackRock	23,722,588	For
Fidelity	9,602,525	For
Dimensional	4,867,932	For
T. Rowe Price	4,771,864	For
Capital Group	3,714,240	For
MFS	2,574,379	For
State Street	2,301,378	For
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	For
TIAA	1,454,593	For
Bridge Builder Trust	1,284,003	For
Six Circles Trust	1,238,159	For
JPMorgan	1,147,395	For
Jackson National	960,782	For
Equitable	927,411	For
WisdomTree	755,992	For
Northwestern Mutual	690,000	For
Lincoln Financial	423,436	For
DWS	424,949	For
Natixis	404,030	For
Columbia Threadneedle	366,572	For
Northern Trust	300,551	For
John Hancock	300,368	For

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

16. Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM

OTHER

0.2% fund support · no official result

AGAINST 82%ABSTAIN 18%

The 76 asset managers below cast 0.2% of the shares they voted on this item FOR (143,589 for, 119,775,916 against).

FOR: 143,589 (0.1%)AGAINST: 119,775,916 (82.1%)ABSTAIN: 25,868,207 (17.7%)NOT VOTED: 48,824 (0.0%)

Largest asset managers voting on “Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and” at BAYER AG, 2023-2024
Asset manager	Against	Abstain	Vote
Vanguard	26,976,907	0	Against
Dodge & Cox	25,762,630	0	Against
HARRIS ASSOCIATES INVESTMENT TRUST	25,199,568	0	Against
BlackRock	0	23,722,588	Abstain
Fidelity	9,602,525	0	Against
Dimensional	4,867,932	0	Against
T. Rowe Price	4,771,864	0	Against
Capital Group	3,714,240	0	Against
MFS	2,574,379	0	Against
State Street	2,301,378	0	Against
INTERNATIONAL GROWTH & INCOME FUND	1,481,436	0	Against
TIAA	1,454,593	0	Against
Bridge Builder Trust	1,229,544	54,459	Against
Six Circles Trust	0	1,238,159	Abstain
JPMorgan	1,147,395	0	Against
Jackson National	960,782	0	Against
Equitable	651,084	276,327	Against
WisdomTree	755,992	0	Against
Northwestern Mutual	690,000	0	Against
Lincoln Financial	141,672	281,764	Abstain
DWS	424,949	0	Against
Natixis	404,030	0	Against
Columbia Threadneedle	366,572	0	Against
Northern Trust	300,551	0	Against
John Hancock	300,368	0	Against

Showing the 25 largest of 76 asset managers. See all 76 in the interactive database.

17. Approval of the compensation system for the members of the Board of Management.

COMPENSATION

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 18 asset managers below cast 98% of the shares they voted on this item FOR (313,793 for, 6,250 against).

FOR: 313,793 (98.0%)AGAINST: 6,250 (2.0%)

Largest asset managers voting on “Approval of the compensation system for the members of the Board of Management.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
Belpointe Asset Management LLC	13,562	0	For
EA Series Trust	13,318	0	For
Janney Montgomery Scott LLC	7,940	0	For
Ultimus Managers Trust	0	5,250	Against
Argyle Capital Management Inc.	3,250	0	For
AltShares Trust	2,600	0	For
First Light Asset Management, LLC	2,247	0	For
Aldebaran Capital, LLC	0	1,000	Against
Boltwood Capital Management	300	0	For
First Citizens Financial Corp	225	0	For
DUMONT & BLAKE INVESTMENT ADVISORS LLC	173	0	For
Clark Capital Management Group, Inc.	55	0	For
Live Oak Private Wealth LLC	0	0	--

18. Additional or Amended Shareholder Proposals

CORPORATE GOVERNANCE

0% fund support · no official result

AGAINST 99.2%

The 13 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 12,774,193 against).

AGAINST: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Additional or Amended Shareholder Proposals” at BAYER AG, 2023-2024
Asset manager	Against	Abstain	Vote
Putnam	4,119,251	0	Against
Charles Schwab	3,589,682	0	Against
SEI	1,975,961	0	Against
VanEck ETF Trust	1,836,937	0	Against
Adviser Managed Trust	567,615	0	Against
Mercer Funds	265,905	0	Against
Russell Investments	237,838	0	Against
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	Against
Prudential/PGIM	46,463	0	Against
Global X	37,594	0	Against
Hartford	4,707	0	Against
Northern Lights Fund Trust IV	119	0	Against

19. Allocation of Dividends

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Allocation of Dividends” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

20. Appointment of Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Appointment of Auditor” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

21. Approval of Intra-Company Control Agreement

EXTRAORDINARY TRANSACTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Approval of Intra-Company Control Agreement” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

22. Authority to Repurchase Shares Using Equity Derivatives

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,872,962 for, 0 against).

FOR: 12,872,962 (100.0%)

Largest asset managers voting on “Authority to Repurchase Shares Using Equity Derivatives” at BAYER AG, 2023-2024
Asset manager	For	Vote
Putnam	4,119,251	For
Charles Schwab	3,589,682	For
SEI	1,975,961	For
VanEck ETF Trust	1,836,937	For
Adviser Managed Trust	567,615	For
Mercer Funds	265,905	For
Russell Investments	237,838	For
Brighthouse	101,190	For
Empower	89,700	For
Prudential/PGIM	46,463	For
Global X	37,594	For
Hartford	4,707	For
Northern Lights Fund Trust IV	119	For

23. Authority to Repurchase and Reissue Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,872,962 for, 0 against).

FOR: 12,872,962 (100.0%)

Largest asset managers voting on “Authority to Repurchase and Reissue Shares” at BAYER AG, 2023-2024
Asset manager	For	Vote
Putnam	4,119,251	For
Charles Schwab	3,589,682	For
SEI	1,975,961	For
VanEck ETF Trust	1,836,937	For
Adviser Managed Trust	567,615	For
Mercer Funds	265,905	For
Russell Investments	237,838	For
Brighthouse	101,190	For
Empower	89,700	For
Prudential/PGIM	46,463	For
Global X	37,594	For
Hartford	4,707	For
Northern Lights Fund Trust IV	119	For

24. Elect Ertharin Cousin

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Elect Ertharin Cousin” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

25. Elect Horst Baier

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Elect Horst Baier” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

26. Elect Jeffrey W. Ubben

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Elect Jeffrey W. Ubben” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

27. Elect Lori A. Schechter

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Elect Lori A. Schechter” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

28. Elect Nancy A. Simonian

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Elect Nancy A. Simonian” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

29. Management Board Remuneration Policy

COMPENSATION

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Management Board Remuneration Policy” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

30. Ratification of Management Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Ratification of Management Board Acts” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

31. Ratification of Supervisory Board Acts

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Ratification of Supervisory Board Acts” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

32. Remuneration Report

COMPENSATION

100% fund support · no official result

FOR 99.2%

The 13 asset managers below cast 100% of the shares they voted on this item FOR (12,774,193 for, 0 against).

FOR: 12,774,193 (99.2%)ABSTAIN: 98,769 (0.8%)

Largest asset managers voting on “Remuneration Report” at BAYER AG, 2023-2024
Asset manager	For	Abstain	Vote
Putnam	4,119,251	0	For
Charles Schwab	3,589,682	0	For
SEI	1,975,961	0	For
VanEck ETF Trust	1,836,937	0	For
Adviser Managed Trust	567,615	0	For
Mercer Funds	265,905	0	For
Russell Investments	237,838	0	For
Brighthouse	2,421	98,769	Abstain
Empower	89,700	0	For
Prudential/PGIM	46,463	0	For
Global X	37,594	0	For
Hartford	4,707	0	For
Northern Lights Fund Trust IV	119	0	For

33. Election of the auditor for the annual financial statements and of the auditor for the review of the half-year and interim financial reports, if applicable.

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Election of the auditor for the annual financial statements and of the auditor for the review of the half-year” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

34. Own shares: Authorization to acquire and use own shares.

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Own shares: Authorization to acquire and use own shares.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

35. Own shares: Authorization to acquire own shares using derivatives.

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Own shares: Authorization to acquire own shares using derivatives.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

36. Presentation of the confirmed annual financial statements and the approved consolidated financial statements, the combined management report of Bayer Aktiengesellschaft and the Bayer Group, the report of the Supervisory Board and the proposal by the Board of Management on the use of the distributable profit for the fiscal year 2023, and resolution on the use of the distributable profit.

INVESTMENT COMPANY MATTERS

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Presentation of the confirmed annual financial statements and the approved consolidated financial statements, ” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

37. Resolution on ratification of the actions of the members of the Board of Management.

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Resolution on ratification of the actions of the members of the Board of Management.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

38. Resolution on ratification of the actions of the members of the Supervisory Board.

CORPORATE GOVERNANCE

Combines 3 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Resolution on ratification of the actions of the members of the Supervisory Board.” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

39. Resolution on the approval of the Control and Profit and Loss Transfer Agreement between the Company and Bayer CropScience Aktiengesellschaft.

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Resolution on the approval of the Control and Profit and Loss Transfer Agreement between the Company and Bayer” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

40. Supervisory Board election: Ertharin Cousin

DIRECTOR ELECTIONS

98% fund support · no official result

FOR 98%

The 9 asset managers below cast 98% of the shares they voted on this item FOR (286,341 for, 5,250 against).

FOR: 286,341 (98.2%)AGAINST: 5,250 (1.8%)

Largest asset managers voting on “Supervisory Board election: Ertharin Cousin” at BAYER AG, 2023-2024
Asset manager	For	Against	Vote
World Funds Trust	183,000	0	For
Pacer Funds Trust	27,416	0	For
HOWLAND CAPITAL MANAGEMENT LLC	26,450	0	For
TRUST FOR PROFESSIONAL MANAGERS	19,261	0	For
CITY NATIONAL ROCHDALE FUNDS	13,996	0	For
EA Series Trust	13,318	0	For
Ultimus Managers Trust	0	5,250	Against
AltShares Trust	2,600	0	For
Boltwood Capital Management	300	0	For

Showing the 40 reported items with the widest manager coverage, of 46 in total. View every item.

Largest BAYER AG shareholders voting in 2023-2024

Ranked by the number of BAYER AG shares each manager voted on the most widely held ballot item of the 2023-2024 meeting.

Top BAYER AG shareholders by shares voted, 2023-2024
#	Asset manager	Shares voted
1	EAGLE CAPITAL MANAGEMENT LLC	28,065,670
2	Natixis	2,691,463
3	LOEWS CORP	2,000,000
4	FOUNDATION RESOURCE MANAGEMENT INC	1,094,552
5	RAYMOND JAMES & ASSOCIATES	968,212
6	Northern Trust	866,251
7	PNC BANK, NATIONAL ASSOCIATION	628,327
8	ENVESTNET ASSET MANAGEMENT INC	467,856
9	AMG National Trust Bank	204,350
10	World Funds Trust	183,000

Shown as share counts, not percentages: no shares-outstanding figure has been matched to BAYER AG for the 2023-2024 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At BAYER AG's shareholder meeting held 2024-04-26, in the 2023-2024 proxy season, 227 asset managers reported how they voted in their SEC Form N-PX filings, covering 4,480 separate fund positions. Their filings are grouped here into 46 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Resolution on the approval of the Compensation Report. — the reporting funds cast 97% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

BAYER AG proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.