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MARSH & MCLENNAN COMPANIES INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and MARSH & MCLENNAN COMPANIES INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 19Reported items
  • 1,174Asset managers
  • 16,366Fund votes
  • 2025-05-15Meeting date

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

Explore MARSH & MCLENNAN COMPANIES INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by MARSH & MCLENNAN COMPANIES INC.

These tallies are MARSH & MCLENNAN COMPANIES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

MARSH & MCLENNAN COMPANIES INC. — official shareholder meeting results, meeting held 2025-05-15
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Anthony K. Anderson 409,844,9284,730,002259,519 --28,779,920 Majority: yes
Elect Director: John Q. Doyle 411,255,9162,739,629838,904 --28,779,920 Majority: yes
Elect Director: H. Edward Hanway 385,129,17228,526,9391,178,338 --28,779,920 Majority: yes
Elect Director: Judith Hartmann 413,496,0681,070,157268,224 --28,779,920 Majority: yes
Elect Director: Deborah C. Hopkins 409,750,7704,625,196458,483 --28,779,920 Majority: yes
Elect Director: Tamara Ingram 408,589,8085,984,651259,990 --28,779,920 Majority: yes
Elect Director: Jane H. Lute 413,455,7741,110,484268,191 --28,779,920 Majority: yes
Elect Director: Steven A. Mills 383,032,60930,590,8631,210,977 --28,779,920 Majority: yes
Elect Director: Morton O. Schapiro 370,165,91241,999,9852,668,552 --28,779,920 Majority: yes
Elect Director: Jan Siegmund 413,492,3561,005,736336,357 --28,779,920 Majority: yes
Elect Director: Lloyd M. Yates 409,221,4215,184,869428,159 --28,779,920 Majority: yes
Proposal 2: The Company's stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company's 2025 Proxy Statement, with the following vote: 375,565,93838,726,601541,910 --28,779,920 Majority: yes
Proposal 3: The Company's stockholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025, with the following vote: 410,907,55231,304,9971,401,820 ---- Majority: yes
Proposal 4: The Company's stockholders approved the Amended and Restated 2020 Incentive and Stock Award Plan, with the following vote: 406,009,0438,297,160528,246 --28,779,920 Majority: yes

Source: MARSH & MCLENNAN COMPANIES INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the MARSH & MCLENNAN COMPANIES INC. 2024-2025 meeting

Each item below shows how the 1,174 asset managers that disclosed a MARSH & MCLENNAN COMPANIES INC. 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 MARSH & MCLENNAN COMPANIES INC.’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. Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 22 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 375,565,938AGAINST: 38,726,601

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 2: The Company's stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company's 2025 Proxy Statement, with the following vote:”): 375,565,938 for, 38,726,601 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 76% for, 8% against (84% of the company cast a for/against vote).

The 1,151 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 92%8%
FOR: 92.4%AGAINST: 7.6%ABSTAIN: 0.0%NOT VOTED: 0.0%WITHHOLD/ABSTAIN: 0.0%
Largest asset managers voting on “Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group73,306,2810 00For
Vanguard57,700,40417 00For
Fidelity46,812,7850 00For
BlackRock32,115,085311,440 00For
State Street18,513,294246,730 00For
T. Rowe Price14,833,39260,082 00For
GEODE CAPITAL MANAGEMENT, LLC12,342,6400 00For
Wellington11,799,4760 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/11,659,6980 00For
UBS6,471,74836,830 00For
MFS6,504,8210 00For
Charles Schwab5,638,0080 00For
Mawer Investment Management Ltd.05,555,909 00Against
Northern Trust5,051,988143,575 00For
Capital Research Global Investors5,161,1780 00For
Nuveen8805,007,560 00Against
Parnassus4,707,8140 00For
Columbia Threadneedle4,706,2730 00For
Invesco3,601,0790 00For
Artisan3,444,4770 00For
JPMorgan3,389,6320 00For
TIAA03,245,223 00Against
Amundi130,4513,034,273 00Against
Clearbridge Investments, LLC2,933,77213,167 00For
PRIMECAP MANAGEMENT CO/CA/2,637,6760 00For

Showing the 25 largest of 1,151 asset managers. See all 1,151 in the interactive database.

2. Approval of the Marsh & McLennan Companies, Inc. Amended and Restated 2020 Incentive and Stock Award Plan

CAPITAL STRUCTUREMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 11 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 406,009,043AGAINST: 8,297,160

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 4: The Company's stockholders approved the Amended and Restated 2020 Incentive and Stock Award Plan, with the following vote:”): 406,009,043 for, 8,297,160 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 82% for, 2% against (84% of the company cast a for/against vote).

The 212 asset managers below cast 99.2% of the shares they voted on this item FOR (198,854,439 for, 1,598,365 against).

FOR 99.1%
FOR: 198,854,439 (99.2%)AGAINST: 1,598,365 (0.8%)ABSTAIN: 39,351 (0.0%)A: 873 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Approval of the Marsh & McLennan Companies, Inc. Amended and Restated 2020 Incentive and Stock Award Plan” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0983 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
Navera Investment Management Ltd.1,540,6480 00For
American Century01,496,268 00Against
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For

Showing the 25 largest of 212 asset managers. See all 212 in the interactive database.

3. Election of Directors: Anthony K. Anderson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 409,844,928AGAINST: 4,730,002

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Anthony K. Anderson”): 409,844,928 for, 4,730,002 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 1.0% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,971,151 for, 689 against).

FOR 99.9%
FOR: 197,971,151 (100.0%)AGAINST: 689 (0.0%)ABSTAIN: 36,833 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Anthony K. Anderson” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0992 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

4. Election of Directors: Deborah C. Hopkins

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 409,750,770AGAINST: 4,625,196

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Deborah C. Hopkins”): 409,750,770 for, 4,625,196 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 1.0% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,935,907 for, 35,919 against).

FOR 99.9%
FOR: 197,935,907 (100.0%)AGAINST: 35,919 (0.0%)ABSTAIN: 36,847 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Deborah C. Hopkins” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0992 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

5. Election of Directors: H. Edward Hanway

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 385,129,172AGAINST: 28,526,939

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: H. Edward Hanway”): 385,129,172 for, 28,526,939 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 78% for, 6% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.6% of the shares they voted on this item FOR (197,172,697 for, 781,222 against).

FOR 99.5%
FOR: 197,172,697 (99.6%)AGAINST: 781,222 (0.4%)ABSTAIN: 54,654 (0.0%)UNKNOWN: 100 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: H. Edward Hanway” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,669,84512,255 10For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,55289 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,068,26919,535 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

6. Election of Directors: Jan Siegmund

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 413,492,356AGAINST: 1,005,736

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Jan Siegmund”): 413,492,356 for, 1,005,736 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 84% for, 0.3% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,970,290 for, 1,544 against).

FOR 99.9%
FOR: 197,970,290 (100.0%)AGAINST: 1,544 (0.0%)ABSTAIN: 36,838 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Jan Siegmund” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,1000 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

7. Election of Directors: Jane H. Lute

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 413,455,774AGAINST: 1,110,484

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Jane H. Lute”): 413,455,774 for, 1,110,484 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 84% for, 0.3% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,955,850 for, 15,990 against).

FOR 99.9%
FOR: 197,955,850 (100.0%)AGAINST: 15,990 (0.0%)ABSTAIN: 36,834 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Jane H. Lute” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,1000 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

8. Election of Directors: John Q. Doyle

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 411,255,916AGAINST: 2,739,629

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: John Q. Doyle”): 411,255,916 for, 2,739,629 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 0.6% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,971,588 for, 212 against).

FOR 99.9%
FOR: 197,971,588 (100.0%)AGAINST: 212 (0.0%)ABSTAIN: 36,872 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: John Q. Doyle” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0991 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,60635 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

9. Election of Directors: Judith Hartmann

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 413,496,068AGAINST: 1,070,157

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Judith Hartmann”): 413,496,068 for, 1,070,157 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 84% for, 0.3% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,954,066 for, 17,773 against).

FOR 99.9%
FOR: 197,954,066 (100.0%)AGAINST: 17,773 (0.0%)ABSTAIN: 36,834 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Judith Hartmann” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,1000 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

10. Election of Directors: Lloyd M. Yates

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 409,221,421AGAINST: 5,184,869

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Lloyd M. Yates”): 409,221,421 for, 5,184,869 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 1% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,955,726 for, 16,103 against).

FOR 99.9%
FOR: 197,955,726 (100.0%)AGAINST: 16,103 (0.0%)ABSTAIN: 36,845 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Lloyd M. Yates” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0992 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,60635 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

11. Election of Directors: Morton O. Schapiro

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%
FOR: 370,165,912AGAINST: 41,999,985

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Morton O. Schapiro”): 370,165,912 for, 41,999,985 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 75% for, 9% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99% of the shares they voted on this item FOR (195,004,755 for, 2,949,063 against).

FOR 98%
FOR: 195,004,755 (98.5%)AGAINST: 2,949,063 (1.5%)ABSTAIN: 54,755 (0.0%)UNKNOWN: 100 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Morton O. Schapiro” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,551,635130,465 10For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,824,2406,041 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,55289 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST01,210,000 00Against
Bridge Builder Trust1,068,26919,535 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

12. Election of Directors: Steven A. Mills

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 383,032,609AGAINST: 30,590,863

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Steven A. Mills”): 383,032,609 for, 30,590,863 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 78% for, 6% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,850,837 for, 103,080 against).

FOR 99.9%
FOR: 197,850,837 (99.9%)AGAINST: 103,080 (0.1%)ABSTAIN: 54,656 (0.0%)UNKNOWN: 100 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Steven A. Mills” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,08714 10For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,55289 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,068,26919,535 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

13. Election of Directors: Tamara Ingram

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 408,589,808AGAINST: 5,984,651

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Elect Director: Tamara Ingram”): 408,589,808 for, 5,984,651 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 1% against (84% of the company cast a for/against vote).

The 185 asset managers below cast 99.9% of the shares they voted on this item FOR (197,927,432 for, 44,408 against).

FOR 99.9%
FOR: 197,927,432 (100.0%)AGAINST: 44,408 (0.0%)ABSTAIN: 36,833 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Election of Directors: Tamara Ingram” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,682,0992 00For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,6410 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,8170 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 185 asset managers. See all 185 in the interactive database.

14. Ratification of Selection of Independent Registered Public Accounting Firm

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 3 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 410,907,552AGAINST: 31,304,997

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 3: The Company's stockholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025, with the following vote:”): 410,907,552 for, 31,304,997 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 6% against (90% of the company cast a for/against vote).

The 184 asset managers below cast 99.8% of the shares they voted on this item FOR (197,528,747 for, 316,417 against).

FOR 99.8%
FOR: 197,528,747 (99.8%)AGAINST: 316,417 (0.2%)ABSTAIN: 36,909 (0.0%)UNKNOWN: 100 (0.0%)WITHHOLD/ABSTAIN: 6 (0.0%)
Largest asset managers voting on “Ratification of Selection of Independent Registered Public Accounting Firm” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard54,669,84512,256 10For
Capital Group36,662,0670 00For
Fidelity26,880,2700 00For
BlackRock14,830,2810 00For
MFS6,504,8210 00For
T. Rowe Price5,655,8180 00For
State Street5,384,55289 00For
Columbia Threadneedle4,610,0250 00For
TIAA3,229,8170 00For
Charles Schwab2,787,7880 00For
INVESTMENT CO OF AMERICA2,406,4850 00For
Jensen Quality Growth Fund Inc2,327,0000 00For
Parnassus2,227,0490 00For
Hartford1,545,528289 00For
American Century1,496,2680 00For
Dimensional1,278,9130 00For
Invesco1,232,2630 00For
FRANKLIN MANAGED TRUST1,210,0000 00For
Bridge Builder Trust1,087,8040 00For
First Trust1,047,8070 00For
Legg Mason1,038,8060 00For
AMCAP FUND1,026,0760 00For
JPMorgan962,5930 00For
Jackson National852,2560 00For
Prudential/PGIM852,2070 00For

Showing the 25 largest of 184 asset managers. See all 184 in the interactive database.

15. Ratify Appointment of Independent Auditors

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-05-15.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 410,907,552AGAINST: 31,304,997

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 3: The Company's stockholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025, with the following vote:”): 410,907,552 for, 31,304,997 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 83% for, 6% against (90% of the company cast a for/against vote).

The 13 asset managers below cast 9% of the shares they voted on this item FOR (11,618 for, 123,286 against).

9%AGAINST 91%
FOR: 11,618 (8.6%)AGAINST: 123,286 (91.4%)
Largest asset managers voting on “Ratify Appointment of Independent Auditors” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.0123,286 00Against
VALUED ADVISERS TRUST5,0000 00For
WILLIAMSBURG INVESTMENT TRUST2,5000 00For
ETF Opportunities Trust2,4040 00For
Virtus7320 00For
NORTHERN LIGHTS FUND TRUST III5920 00For
HARBOUR INVESTMENT MANAGEMENT LLC1280 00For
Northern Lights Fund Trust IV930 00For
Williamson Legacy Group, LLC610 00For
ESL Trust Services, LLC430 00For
PACE SELECT ADVISORS TRUST320 00For
Simplify Exchange Traded Funds260 00For
VOISARD ASSET MANAGEMENT GROUP, INC.70 00For

16. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 8 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Directors (Majority Voting)” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
VALUED ADVISERS TRUST55,0000 00For
WILLIAMSBURG INVESTMENT TRUST2,5000 00For
HARBOUR INVESTMENT MANAGEMENT LLC1,4080 00For
Williamson Legacy Group, LLC610 00For
NORTHERN LIGHTS FUND TRUST III600 00For
ESL Trust Services, LLC430 00For
Simplify Exchange Traded Funds260 00For
VOISARD ASSET MANAGEMENT GROUP, INC.70 00For

17. Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-16 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 390,338,237AGAINST: 29,587,334

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 2: The Company's stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company's 2024 Proxy Statement, with the following vote:”): 390,338,237 for, 29,587,334 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 79% for, 6% against (85% of the company cast a for/against vote).

The 7 asset managers below cast 100% of the shares they voted on this item FOR (265,980 for, 0 against).

FOR 100%
FOR: 265,980 (100.0%)
Largest asset managers voting on “Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
VAUGHAN DAVID INVESTMENTS LLC/IL235,3530 00For
Ipswich Investment Management Co., Inc.25,4300 00For
COLDSTREAM CAPITAL MANAGEMENT INC3,5430 00For
Seascape Capital Management1,0680 00For
Americana Partners, LLC3860 00For
DIVIDEND ASSETS CAPITAL, LLC2000 00For
Echo45 Advisors LLC00 00--

18. Say on Pay

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 2 wordings of this item as funds reported it.

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 375,565,938AGAINST: 38,726,601

MARSH & MCLENNAN COMPANIES INC.’s own tally for this item (“Proposal 2: The Company's stockholders approved, by nonbinding vote, the compensation of the Company's named executive officers, as disclosed in the Company's 2025 Proxy Statement, with the following vote:”): 375,565,938 for, 38,726,601 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 493,000,000 outstanding shares: 76% for, 8% against (84% of the company cast a for/against vote).

The 5 asset managers below cast 100% of the shares they voted on this item FOR (9,508 for, 0 against).

FOR 100%
FOR: 9,508 (100.0%)
Largest asset managers voting on “Say on Pay” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Empower3,4680 00For
WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV2,2000 00For
Wallace Capital Management Inc.1,9600 00For
CAPITAL MANAGEMENT CORP /VA1,5800 00For
CHELSEA COUNSEL CO3000 00For

19. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (132 for, 0 against).

FOR: 132 (100.0%)
Largest asset managers voting on “Director Elections” at MARSH & MCLENNAN COMPANIES INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co860 00For
Ballew Advisors, Inc460 00For

Largest MARSH & MCLENNAN COMPANIES INC. shareholders voting in 2024-2025

Ranked by the number of MARSH & MCLENNAN COMPANIES INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 493,000,000 shares outstanding at the time of that meeting.

Top MARSH & MCLENNAN COMPANIES INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 14.87%
2Vanguard 11.70%
3Fidelity 9.50%
4BlackRock 6.58%
5State Street 3.81%
6T. Rowe Price 3.02%
7GEODE CAPITAL MANAGEMENT, LLC 2.50%
8Wellington 2.39%
9MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 2.37%
10UBS 1.32%

Reported MARSH & MCLENNAN COMPANIES INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

MARSH & MCLENNAN COMPANIES INC. beneficial owners on record for the 2024-2025 proxy season
Holder % outstanding Disclosure
The Vanguard Group 8.88% DEF14A
Blackrock, Inc. 8.32% DEF14A
FMR (Fidelity) 4.49% 13F
State Street 4.36% 13F
Wellington Management 2.60% 13F
T. Rowe Price 1.73% 13F
Morgan Stanley 1.39% 13F
Norges Bank 1.23% 13F

Percentages above are of 493,000,000 shares outstanding, as reported by MARSH & MCLENNAN COMPANIES INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

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. Shares outstanding are taken from MARSH & MCLENNAN COMPANIES INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At MARSH & MCLENNAN COMPANIES INC.'s shareholder meeting held 2025-05-15, in the 2024-2025 proxy season, 1,174 asset managers reported how they voted in their SEC Form N-PX filings, covering 16,366 separate fund positions. Their filings are grouped here into 19 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation — FOR was 91% of the votes cast (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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: MARSH & MCLENNAN COMPANIES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

MARSH & MCLENNAN COMPANIES INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.