Home › Companies › NESTLE SA › 2023-2024

NESTLE SA 2023-2024 Proxy Voting Records

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

95Reported items
618Asset managers
19,762Fund votes
2024-04-18Meeting date

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

Explore NESTLE SA in the interactive database Compare manager voting policies

How asset managers voted at the NESTLE SA 2023-2024 meeting

Each item below shows how the 618 asset managers that disclosed a NESTLE SA 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 NESTLE SA’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. 1B Acceptance of the Compensation Report 2023 (advisory vote)

COMPENSATION

93% fund support · no official result

FOR 93%

The 464 asset managers below cast 93% of the shares they voted on this item FOR (76,057,652 for, 5,694,824 against).

FOR: 76,057,652 (92.8%)AGAINST: 5,694,824 (7.0%)ABSTAIN: 15,344 (0.0%)NOT VOTED: 163,109 (0.2%)UNKNOWN: 1,815 (0.0%)

Largest asset managers voting on “1B Acceptance of the Compensation Report 2023 (advisory vote)” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
JPMorgan	11,234,358	0	For
National Pension Service	10,999,223	0	For
Fiera Capital Corp	8,773,843	0	For
GARDNER RUSSO & QUINN LLC	6,810,306	0	For
Northern Trust	3,884,785	14,491	For
FIRST MANHATTAN CO. LLC.	3,111,257	0	For
HARDING LOEVNER LP	2,974,362	0	For
1832 Asset Management L.P.	2,632,678	0	For
Korea Investment CORP	0	1,859,987	Against
BROWN BROTHERS HARRIMAN & CO	1,646,906	0	For
RAYMOND JAMES & ASSOCIATES	1,552,196	0	For
JARISLOWSKY, FRASER Ltd	1,523,004	0	For
HARDING LOEVNER FUNDS INC	1,501,119	0	For
Natixis	1,487,077	0	For
Manning & Napier	1,369,945	0	For
BAILLIE GIFFORD OVERSEAS LTD	0	1,287,804	Against
ENVESTNET ASSET MANAGEMENT INC	1,275,531	0	For
CONFLUENCE INVESTMENT MANAGEMENT LLC	977,112	0	For
John Hancock	951,828	0	For
PNC BANK, NATIONAL ASSOCIATION	835,933	0	For
BRISTOL JOHN W & CO INC /NY/	757,813	0	For
Jackson National	792,540	0	For
BAILLIE GIFFORD & CO LTD	0	582,489	Against
Wilkinson Global Asset Management LLC	526,763	0	For
Cannell & Spears LLC	0	485,788	Against

Showing the 25 largest of 464 asset managers. See all 464 in the interactive database.

2. Approve Remuneration Report

COMPENSATION

Combines 2 wordings of this item as funds reported it.

99.5% fund support · no official result

FOR 99.3%

The 115 asset managers below cast 99.5% of the shares they voted on this item FOR (262,609,999 for, 1,082,509 against).

FOR: 262,609,999 (99.3%)AGAINST: 1,082,509 (0.4%)NOT VOTED: 709,774 (0.3%)

Largest asset managers voting on “Approve Remuneration Report” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
JPMorgan	19,909,009	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Walter Scott & Partners Ltd	7,327,411	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
APG Asset Management US Inc.	4,167,656	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
Desjardins Global Asset Management Inc.	2,313,088	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

3. Approve Remuneration of Executive Committee in the Amount of CHF 80 Million

COMPENSATION

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 109 asset managers below cast 100% of the shares they voted on this item FOR (233,821,167 for, 0 against).

FOR: 233,821,167 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve Remuneration of Executive Committee in the Amount of CHF 80 Million” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
APG Asset Management US Inc.	4,167,656	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 109 asset managers. See all 109 in the interactive database.

4. Approve Remuneration of Directors in the Amount of CHF 10 Million

COMPENSATION

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 108 asset managers below cast 100% of the shares they voted on this item FOR (229,653,511 for, 0 against).

FOR: 229,653,511 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of CHF 10 Million” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
Northern Trust	923,510	For

Showing the 25 largest of 108 asset managers. See all 108 in the interactive database.

5. Reappoint Dick Boer as Member of the Compensation Committee

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.5% fund support · no official result

FOR 99.5%

The 106 asset managers below cast 99.5% of the shares they voted on this item FOR (229,462,568 for, 1,060,509 against).

FOR: 229,462,568 (99.5%)AGAINST: 1,060,509 (0.5%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reappoint Dick Boer as Member of the Compensation Committee” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	77,187,312	0	For
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,399,705	0	For
Invesco	2,948,815	0	For
Lincoln Financial	2,667,955	0	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	1,829,973	0	For
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	0	1,060,509	Against
Goldman Sachs	998,430	0	For
Brighthouse	988,399	0	For
RWC Asset Management LLP	955,680	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

6. Reappoint Dinesh Paliwal as Member of the Compensation Committee

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 99.9% of the shares they voted on this item FOR (230,336,754 for, 186,323 against).

FOR: 230,336,754 (99.9%)AGAINST: 186,323 (0.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reappoint Dinesh Paliwal as Member of the Compensation Committee” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
RWC Asset Management LLP	955,680	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

7. Reappoint Pablo Isla as Member of the Compensation Committee

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 106 asset managers below cast 99% of the shares they voted on this item FOR (227,725,420 for, 2,797,657 against).

FOR: 227,725,420 (98.8%)AGAINST: 2,797,657 (1.2%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reappoint Pablo Isla as Member of the Compensation Committee” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	77,187,312	0	For
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,374,266	25,439	For
Invesco	2,948,815	0	For
Lincoln Financial	2,580,712	87,243	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	1,829,973	0	For
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	1,060,509	0	For
Goldman Sachs	998,430	0	For
Brighthouse	988,399	0	For
RWC Asset Management LLP	955,680	0	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

8. Reappoint Patrick Aebischer as Member of the Compensation Committee

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 106 asset managers below cast 100% of the shares they voted on this item FOR (230,523,077 for, 0 against).

FOR: 230,523,077 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reappoint Patrick Aebischer as Member of the Compensation Committee” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
RWC Asset Management LLP	955,680	For

Showing the 25 largest of 106 asset managers. See all 106 in the interactive database.

9. Accept Financial Statements and Statutory Reports

INVESTMENT COMPANY MATTERSCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (230,123,333 for, 0 against).

FOR: 230,123,333 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
Northern Trust	923,510	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

10. Approve Allocation of Income and Dividends of CHF 3.00 per Share

CAPITAL STRUCTURE

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (233,245,876 for, 0 against).

FOR: 233,245,876 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of CHF 3.00 per Share” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
RWC Asset Management LLP	3,910,499	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

11. Approve CHF 5 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (237,929,495 for, 0 against).

FOR: 237,929,495 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve CHF 5 Million Reduction in Share Capital as Part of the Share Buyback Program via Cancellation of Repu” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
RWC Asset Management LLP	8,611,672	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

12. Approve Non-Financial Report

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (227,574,647 for, 0 against).

FOR: 227,574,647 (98.9%)ABSTAIN: 2,531,132 (1.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve Non-Financial Report” at NESTLE SA, 2023-2024
Asset manager	For	Abstain	Vote
Vanguard	77,187,312	0	For
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,399,705	0	For
Invesco	2,948,815	0	For
Lincoln Financial	2,667,955	0	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	0	1,829,973	Abstain
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	1,060,509	0	For
Goldman Sachs	998,430	0	For
Brighthouse	948,418	39,981	For
Northern Trust	923,510	0	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

13. Designate Hartmann Dreyer as Independent Proxy

OTHER

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (230,105,779 for, 0 against).

FOR: 230,105,779 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Designate Hartmann Dreyer as Independent Proxy” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
Northern Trust	923,510	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

14. Elect Geraldine Matchett as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

77% fund support · no official result

FOR 77%AGAINST 23%

The 105 asset managers below cast 77% of the shares they voted on this item FOR (229,317,823 for, 69,557,313 against).

FOR: 229,317,823 (76.7%)AGAINST: 69,557,313 (23.3%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Elect Geraldine Matchett as Director” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	77,187,312	0	For
RWC Asset Management LLP	0	69,557,313	Against
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,399,705	0	For
Invesco	2,948,815	0	For
Lincoln Financial	2,667,955	0	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	1,829,973	0	For
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	1,060,509	0	For
Goldman Sachs	998,430	0	For
Brighthouse	988,399	0	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

15. Ratify Ernst & Young AG as Auditors

AUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 99.9% of the shares they voted on this item FOR (229,285,331 for, 198,724 against).

FOR: 229,285,331 (99.9%)AGAINST: 198,724 (0.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Ratify Ernst & Young AG as Auditors” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
Northern Trust	923,510	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

16. Reelect Chris Leong as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Chris Leong as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

17. Reelect Dick Boer as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Dick Boer as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

18. Reelect Dinesh Paliwal as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 99.9% of the shares they voted on this item FOR (241,514,836 for, 153,831 against).

FOR: 241,514,836 (99.9%)AGAINST: 153,831 (0.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Dinesh Paliwal as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

19. Reelect Hanne Jimenez de Mora as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Hanne Jimenez de Mora as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

20. Reelect Lindiwe Sibanda as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Lindiwe Sibanda as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

21. Reelect Luca Maestri as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Luca Maestri as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

22. Reelect Marie-Gabrielle Ineichen-Fleisch as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 99.9% of the shares they voted on this item FOR (241,514,836 for, 153,831 against).

FOR: 241,514,836 (99.9%)AGAINST: 153,831 (0.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Marie-Gabrielle Ineichen-Fleisch as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

23. Reelect Pablo Isla as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 105 asset managers below cast 99% of the shares they voted on this item FOR (238,903,502 for, 2,765,165 against).

FOR: 238,903,502 (98.8%)AGAINST: 2,765,165 (1.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Pablo Isla as Director” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	77,187,312	0	For
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
RWC Asset Management LLP	12,350,844	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,374,266	25,439	For
Invesco	2,948,815	0	For
Lincoln Financial	2,580,712	87,243	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	1,829,973	0	For
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	1,060,509	0	For
Goldman Sachs	998,430	0	For
Brighthouse	988,399	0	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

24. Reelect Patrick Aebischer as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Patrick Aebischer as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

25. Reelect Paul Bulcke as Director and Board Chair

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

74% fund support · no official result

FOR 74%AGAINST 26%

The 105 asset managers below cast 74% of the shares they voted on this item FOR (222,655,874 for, 76,219,262 against).

FOR: 222,655,874 (74.5%)AGAINST: 76,219,262 (25.5%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Paul Bulcke as Director and Board Chair” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
Vanguard	77,187,312	0	For
RWC Asset Management LLP	0	69,557,313	Against
BlackRock	46,490,482	0	For
MFS	22,311,175	0	For
Fidelity	9,773,379	0	For
T. Rowe Price	8,568,281	0	For
TIAA	8,298,280	0	For
Six Circles Trust	7,319,027	0	For
FIRST EAGLE FUNDS	4,671,448	0	For
State Street	3,941,343	0	For
Dimensional	3,924,160	0	For
Legg Mason	3,399,705	0	For
Invesco	741,288	2,207,527	Against
Lincoln Financial	1,376,793	1,291,162	For
TWEEDY, BROWNE FUND INC.	2,141,019	0	For
BNY Mellon	2,047,415	0	For
Thornburg	1,829,973	0	For
JANUS INVESTMENT FUND	1,428,476	0	For
GMO	1,321,898	0	For
Prudential/PGIM	1,249,666	0	For
DWS	1,130,734	0	For
Equitable	1,095,925	0	For
Columbia Threadneedle	1,060,509	0	For
Goldman Sachs	998,430	0	For
Brighthouse	988,399	0	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

26. Reelect Rainer Blair as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Rainer Blair as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

27. Reelect Renato Fassbind as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (241,668,667 for, 0 against).

FOR: 241,668,667 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Renato Fassbind as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
RWC Asset Management LLP	12,350,844	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

28. Reelect Ulf Schneider as Director

DIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 105 asset managers below cast 100% of the shares they voted on this item FOR (298,875,136 for, 0 against).

FOR: 298,875,136 (100.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Reelect Ulf Schneider as Director” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
RWC Asset Management LLP	69,557,313	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

29. Report on Non-Financial Matters Regarding Sales of Healthier and Less Healthy Foods

OTHER SOCIAL ISSUES

Combines 2 wordings of this item as funds reported it.

0.2% fund support · no official result

AGAINST 99%

The 105 asset managers below cast 0.2% of the shares they voted on this item FOR (402,529 for, 226,449,862 against).

FOR: 402,529 (0.2%)AGAINST: 226,449,862 (98.7%)ABSTAIN: 2,531,132 (1.1%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Report on Non-Financial Matters Regarding Sales of Healthier and Less Healthy Foods” at NESTLE SA, 2023-2024
Asset manager	Against	Abstain	Vote
Vanguard	77,187,312	0	Against
BlackRock	46,490,482	0	Against
MFS	22,311,175	0	Against
Fidelity	9,773,379	0	Against
T. Rowe Price	8,568,281	0	Against
TIAA	8,298,280	0	Against
Six Circles Trust	7,319,027	0	Against
FIRST EAGLE FUNDS	4,671,448	0	Against
State Street	3,941,343	0	Against
Dimensional	3,924,160	0	Against
Legg Mason	3,399,705	0	Against
Invesco	2,948,815	0	Against
Lincoln Financial	2,667,955	0	Against
TWEEDY, BROWNE FUND INC.	2,141,019	0	Against
BNY Mellon	2,047,415	0	Against
Thornburg	0	1,829,973	Abstain
JANUS INVESTMENT FUND	1,428,476	0	Against
GMO	1,321,898	0	Against
Prudential/PGIM	1,249,666	0	Against
DWS	1,130,734	0	Against
Equitable	1,095,925	0	Against
Columbia Threadneedle	1,060,509	0	Against
Goldman Sachs	998,430	0	Against
Brighthouse	948,418	39,981	Against
Northern Trust	923,510	0	Against

Showing the 25 largest of 105 asset managers. See all 105 in the interactive database.

30. Approve Discharge of Board and Senior Management

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 104 asset managers below cast 100% of the shares they voted on this item FOR (229,282,157 for, 0 against).

FOR: 229,282,157 (100.0%)ABSTAIN: 35,125 (0.0%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Approve Discharge of Board and Senior Management” at NESTLE SA, 2023-2024
Asset manager	For	Vote
Vanguard	77,187,312	For
BlackRock	46,490,482	For
MFS	22,311,175	For
Fidelity	9,773,379	For
T. Rowe Price	8,568,281	For
TIAA	8,298,280	For
Six Circles Trust	7,319,027	For
FIRST EAGLE FUNDS	4,671,448	For
State Street	3,941,343	For
Dimensional	3,924,160	For
Legg Mason	3,399,705	For
Invesco	2,948,815	For
Lincoln Financial	2,667,955	For
TWEEDY, BROWNE FUND INC.	2,141,019	For
BNY Mellon	2,047,415	For
Thornburg	1,829,973	For
JANUS INVESTMENT FUND	1,428,476	For
GMO	1,321,898	For
Prudential/PGIM	1,249,666	For
DWS	1,130,734	For
Equitable	1,095,925	For
Columbia Threadneedle	1,060,509	For
Goldman Sachs	998,430	For
Brighthouse	988,399	For
Northern Trust	923,510	For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

31. Transact Other Business (Voting)

OTHER

Combines 2 wordings of this item as funds reported it.

3% fund support · no official result

AGAINST 74%ABSTAIN 24%

The 104 asset managers below cast 3% of the shares they voted on this item FOR (4,444,008 for, 170,730,047 against).

FOR: 4,444,008 (1.9%)AGAINST: 170,730,047 (74.2%)ABSTAIN: 54,931,724 (23.9%)NOT VOTED: 14,870 (0.0%)

Largest asset managers voting on “Transact Other Business (Voting)” at NESTLE SA, 2023-2024
Asset manager	For	Against	Abstain	Vote
Vanguard	0	77,187,312	0	Against
BlackRock	0	0	46,490,482	Abstain
MFS	0	22,311,175	0	Against
Fidelity	0	9,773,379	0	Against
T. Rowe Price	0	8,568,281	0	Against
TIAA	0	8,298,280	0	Against
Six Circles Trust	0	0	7,319,027	Abstain
FIRST EAGLE FUNDS	0	4,671,448	0	Against
State Street	0	3,941,343	0	Against
Dimensional	0	3,924,160	0	Against
Legg Mason	3,374,266	25,439	0	For
Invesco	0	2,948,815	0	Against
Lincoln Financial	0	2,568,634	99,321	Against
TWEEDY, BROWNE FUND INC.	0	2,141,019	0	Against
BNY Mellon	0	2,047,415	0	Against
Thornburg	0	1,829,973	0	Against
JANUS INVESTMENT FUND	0	1,428,476	0	Against
GMO	0	1,321,898	0	Against
Prudential/PGIM	99,728	1,149,938	0	Against
DWS	0	1,130,734	0	Against
Equitable	0	521,588	574,337	Abstain
Columbia Threadneedle	0	1,060,509	0	Against
Goldman Sachs	0	998,430	0	Against
Brighthouse	0	988,399	0	Against
Northern Trust	0	923,510	0	Against

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

32. APPROVAL OF THE COMPENSATION OF THE EXECUTIVE BOARD

COMPENSATION

Combines 3 wordings of this item as funds reported it.

97% fund support · no official result

FOR 97%

The 77 asset managers below cast 97% of the shares they voted on this item FOR (29,403,745 for, 826,009 against).

FOR: 29,403,745 (97.2%)AGAINST: 826,009 (2.7%)NOT VOTED: 7,379 (0.0%)UNKNOWN: 200 (0.0%)

Largest asset managers voting on “APPROVAL OF THE COMPENSATION OF THE EXECUTIVE BOARD” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	14,934,532	0	For
JPMorgan	8,343,946	0	For
HARDING LOEVNER FUNDS INC	1,501,119	0	For
John Hancock	951,828	0	For
Jackson National	792,540	0	For
Manning & Napier	358,254	0	For
Bridge Builder Trust	352,516	0	For
Janney Montgomery Scott LLC	333,879	0	For
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
BAILLIE GIFFORD FUNDS	0	304,573	Against
Brighthouse	77,165	184,524	Against
Allianz	234,997	0	For
SWISS HELVETIA FUND, INC.	0	180,000	Against
BUFFALO FUNDS	133,158	0	For
Value Partners Investments Inc.	100,800	0	For
TOUCHSTONE STRATEGIC TRUST	98,096	0	For
EXENCIAL WEALTH ADVISORS, LLC	84,846	0	For
CULLEN FUNDS TRUST	84,230	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	68,354	0	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	0	For
BBH Trust	55,213	0	For
FORUM FUNDS	0	49,750	Against
OPTIMUM FUND TRUST	0	46,223	Against
Guardian Variable Products Trust	39,432	0	For
Principal	36,800	0	For

Showing the 25 largest of 77 asset managers. See all 77 in the interactive database.

33. ELECTION TO THE BOARD OF DIRECTORS: GERALDINE MATCHETT

DIRECTOR ELECTIONS

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (15,432,020 for, 0 against).

FOR: 15,432,020 (62.1%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “ELECTION TO THE BOARD OF DIRECTORS: GERALDINE MATCHETT” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

34. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: CHRIS LEONG

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (15,432,020 for, 0 against).

FOR: 15,432,020 (62.1%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: CHRIS LEONG” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

35. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DICK BOER

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

96% fund support · no official result

FOR 60%NOT VOTED 38%

The 71 asset managers below cast 96% of the shares they voted on this item FOR (14,815,670 for, 616,150 against).

FOR: 14,815,670 (59.6%)AGAINST: 616,150 (2.5%)NOT VOTED: 9,414,581 (37.9%)UNKNOWN: 200 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DICK BOER” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
JPMorgan	8,343,946	0	For
Charles Schwab	0	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	0	For
John Hancock	951,828	0	For
Jackson National	792,540	0	For
Russell Investments	0	0	Not Voted
Brinker Capital Destinations Trust	500,071	0	For
SEI	0	0	Not Voted
Brighthouse	91,940	184,524	Against
Manning & Napier	358,254	0	For
Bridge Builder Trust	352,516	0	For
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
BAILLIE GIFFORD FUNDS	0	304,573	Against
Vanguard	0	0	Not Voted
Allianz	234,997	0	For
SWISS HELVETIA FUND, INC.	180,000	0	For
Federated Hermes	169,349	0	For
Putnam	0	0	Not Voted
Neuberger Berman	10,570	0	Not Voted
BUFFALO FUNDS	133,158	0	For
TOUCHSTONE STRATEGIC TRUST	98,096	0	For
CULLEN FUNDS TRUST	84,230	0	For
Mercer Funds	69,125	0	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	0	For
BBH Trust	55,213	0	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

36. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DINESH PALIWAL

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

99.4% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 99.4% of the shares they voted on this item FOR (15,350,990 for, 80,830 against).

FOR: 15,350,990 (61.8%)AGAINST: 80,830 (0.3%)NOT VOTED: 9,414,581 (37.9%)UNKNOWN: 200 (0.0%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: DINESH PALIWAL” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

37. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: HANNE JIMENEZ DE MORA

DIRECTOR ELECTIONS

Combines 5 wordings of this item as funds reported it.

100% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (15,432,020 for, 0 against).

FOR: 15,432,020 (62.1%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: HANNE JIMENEZ DE MORA” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

38. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LINDIWE MAJELE SIBANDA

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (15,432,020 for, 0 against).

FOR: 15,432,020 (62.1%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LINDIWE MAJELE SIBANDA” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

39. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LUCA MAESTRI

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

99% fund support · no official result

FOR 61%NOT VOTED 38%

The 71 asset managers below cast 99% of the shares they voted on this item FOR (15,201,273 for, 230,747 against).

FOR: 15,201,273 (61.2%)AGAINST: 230,747 (0.9%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: LUCA MAESTRI” at NESTLE SA, 2023-2024
Asset manager	For	Against	Vote
JPMorgan	8,343,946	0	For
Charles Schwab	0	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	0	For
John Hancock	951,828	0	For
Jackson National	792,540	0	For
Russell Investments	0	0	Not Voted
Brinker Capital Destinations Trust	500,071	0	For
SEI	0	0	Not Voted
Brighthouse	91,940	184,524	Against
Manning & Napier	358,254	0	For
Bridge Builder Trust	352,516	0	For
GENERAL AMERICAN INVESTORS CO INC	325,000	0	For
BAILLIE GIFFORD FUNDS	304,573	0	For
Vanguard	0	0	Not Voted
Allianz	234,997	0	For
SWISS HELVETIA FUND, INC.	180,000	0	For
Federated Hermes	169,349	0	For
Putnam	0	0	Not Voted
Neuberger Berman	10,570	0	Not Voted
BUFFALO FUNDS	133,158	0	For
TOUCHSTONE STRATEGIC TRUST	98,096	0	For
CULLEN FUNDS TRUST	84,230	0	For
Mercer Funds	69,125	0	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	0	For
BBH Trust	55,213	0	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

40. RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: MARIE- GABRIELLE INEICHEN-FLEISCH

DIRECTOR ELECTIONS

Combines 4 wordings of this item as funds reported it.

100% fund support · no official result

FOR 62%NOT VOTED 38%

The 71 asset managers below cast 100% of the shares they voted on this item FOR (15,432,020 for, 0 against).

FOR: 15,432,020 (62.1%)NOT VOTED: 9,414,581 (37.9%)

Largest asset managers voting on “RE-ELECTION AS MEMBER OF THE BOARD OF DIRECTORS: MARIE- GABRIELLE INEICHEN-FLEISCH” at NESTLE SA, 2023-2024
Asset manager	For	Vote
JPMorgan	8,343,946	For
Charles Schwab	0	Not Voted
HARDING LOEVNER FUNDS INC	1,501,119	For
John Hancock	951,828	For
Jackson National	792,540	For
Russell Investments	0	Not Voted
Brinker Capital Destinations Trust	500,071	For
SEI	0	Not Voted
Brighthouse	276,464	For
Manning & Napier	358,254	For
Bridge Builder Trust	352,516	For
GENERAL AMERICAN INVESTORS CO INC	325,000	For
BAILLIE GIFFORD FUNDS	304,573	For
Vanguard	0	Not Voted
Allianz	234,997	For
SWISS HELVETIA FUND, INC.	180,000	For
Federated Hermes	169,349	For
Putnam	0	Not Voted
Neuberger Berman	10,570	Not Voted
BUFFALO FUNDS	133,158	For
TOUCHSTONE STRATEGIC TRUST	98,096	For
CULLEN FUNDS TRUST	84,230	For
Mercer Funds	69,125	For
TRUST FOR PROFESSIONAL MANAGERS	63,273	For
BBH Trust	55,213	For

Showing the 25 largest of 71 asset managers. See all 71 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 95 in total. View every item.

Largest NESTLE SA shareholders voting in 2023-2024

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

Top NESTLE SA shareholders by shares voted, 2023-2024
#	Asset manager	Shares voted
1	JPMorgan	11,234,358
2	National Pension Service	10,999,223
3	Fiera Capital Corp	8,773,843
4	GARDNER RUSSO & QUINN LLC	6,810,306
5	Northern Trust	3,899,276
6	FIRST MANHATTAN CO. LLC.	3,111,257
7	HARDING LOEVNER LP	3,090,551
8	1832 Asset Management L.P.	2,632,678
9	Korea Investment CORP	1,859,987
10	BROWN BROTHERS HARRIMAN & CO	1,646,906

Shown as share counts, not percentages: no shares-outstanding figure has been matched to NESTLE SA 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 NESTLE SA's shareholder meeting held 2024-04-18, in the 2023-2024 proxy season, 618 asset managers reported how they voted in their SEC Form N-PX filings, covering 19,762 separate fund positions. Their filings are grouped here into 95 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 — 1B Acceptance of the Compensation Report 2023 (advisory vote) — the reporting funds cast 93% 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.

NESTLE SA proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.