Home › Companies › NOVO NORDISK A/S › 2023-2024

NOVO NORDISK A/S 2023-2024 Proxy Voting Records

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

73Reported items
187Asset managers
14,485Fund votes
2024-03-21Meeting date

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

Explore NOVO NORDISK A/S in the interactive database Compare manager voting policies

How asset managers voted at the NOVO NORDISK A/S 2023-2024 meeting

Each item below shows how the 187 asset managers that disclosed a NOVO NORDISK A/S 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 NOVO NORDISK A/S’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. Approve Remuneration Report (Advisory Vote)

COMPENSATION

99.9% fund support · no official result

FOR 99.8%

The 106 asset managers below cast 99.9% of the shares they voted on this item FOR (490,683,418 for, 285,668 against).

FOR: 490,683,418 (99.8%)AGAINST: 285,668 (0.1%)NOT VOTED: 555,324 (0.1%)

Largest asset managers voting on “Approve Remuneration Report (Advisory Vote)” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
JPMorgan	23,525,863	For
TIAA	23,928,801	For
Walter Scott & Partners Ltd	17,395,995	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
APG Asset Management US Inc.	8,087,075	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For

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

2. Approve Guidelines for Incentive-Based Compensation for Executive Management and Board

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 103 asset managers below cast 99.9% of the shares they voted on this item FOR (439,753,865 for, 285,668 against).

FOR: 439,753,865 (99.9%)AGAINST: 285,668 (0.1%)

Largest asset managers voting on “Approve Guidelines for Incentive-Based Compensation for Executive Management and Board” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

3. Approve Remuneration of Directors in the Amount of DKK 3.4 Million for the Chairman, DKK 1.7 Million for the Vice Chairman and DKK 840,000 for Other Directors; Approve Remuneration for Committee Work

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 101 asset managers below cast 99.9% of the shares they voted on this item FOR (439,753,507 for, 281,479 against).

FOR: 439,753,507 (99.9%)AGAINST: 281,479 (0.1%)

Largest asset managers voting on “Approve Remuneration of Directors in the Amount of DKK 3.4 Million for the Chairman, DKK 1.7 Million for the V” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 101 asset managers. See all 101 in the interactive database.

4. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

99.8% fund support · no official result

FOR 99.8%

The 100 asset managers below cast 99.8% of the shares they voted on this item FOR (440,012,181 for, 560,971 against).

FOR: 440,012,181 (99.9%)AGAINST: 560,971 (0.1%)

Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

5. Amend Articles Re: Indemnification Scheme

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (440,012,261 for, 0 against).

FOR: 440,012,261 (100.0%)

Largest asset managers voting on “Amend Articles Re: Indemnification Scheme” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

6. Approve Allocation of Income and Dividends of DKK 6.40 Per Share

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (469,654,924 for, 0 against).

FOR: 469,654,924 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 6.40 Per Share” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
RWC Asset Management LLP	29,642,743	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

7. Approve Creation of DKK 44.7 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 44.7 Million Pool of Capital without Preemptive Rights; Maximum Increase in Share Capital under Both Authorizations up to DKK 44.7 Million

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (457,918,181 for, 0 against).

FOR: 457,918,181 (100.0%)

Largest asset managers voting on “Approve Creation of DKK 44.7 Million Pool of Capital with Preemptive Rights; Approve Creation of DKK 44.7 Mill” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
RWC Asset Management LLP	17,906,000	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

8. Approve DKK 4.5 Million Reduction in Share Capital via Share Cancellation of B Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (457,918,181 for, 0 against).

FOR: 457,918,181 (100.0%)

Largest asset managers voting on “Approve DKK 4.5 Million Reduction in Share Capital via Share Cancellation of B Shares” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
RWC Asset Management LLP	17,906,000	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

9. Approve Indemnification of Board of Directors

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (440,573,152 for, 0 against).

FOR: 440,573,152 (100.0%)

Largest asset managers voting on “Approve Indemnification of Board of Directors” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

10. Approve Indemnification of Executive Management

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (440,011,097 for, 0 against).

FOR: 440,011,097 (100.0%)

Largest asset managers voting on “Approve Indemnification of Executive Management” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

11. Authorize Share Repurchase Program

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (457,918,181 for, 0 against).

FOR: 457,918,181 (100.0%)

Largest asset managers voting on “Authorize Share Repurchase Program” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
RWC Asset Management LLP	17,906,000	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

12. Ratify Deloitte as Auditor

AUDIT-RELATED

100% fund support · no official result

FOR 99.7%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (439,355,052 for, 0 against).

FOR: 439,355,052 (99.8%)ABSTAIN: 1,004,732 (0.2%)

Largest asset managers voting on “Ratify Deloitte as Auditor” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

13. Reelect Andreas Fibig as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.8%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (439,479,916 for, 0 against).

FOR: 439,479,916 (99.9%)ABSTAIN: 532,441 (0.1%)

Largest asset managers voting on “Reelect Andreas Fibig as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

14. Reelect Christina Law as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.8%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (439,479,916 for, 0 against).

FOR: 439,479,916 (99.9%)ABSTAIN: 532,441 (0.1%)

Largest asset managers voting on “Reelect Christina Law as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

15. Reelect Helge Lund (Chair) as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 83%ABSTAIN 17%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (364,958,397 for, 0 against).

FOR: 364,958,397 (82.9%)ABSTAIN: 75,053,960 (17.1%)

Largest asset managers voting on “Reelect Helge Lund (Chair) as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Themes ETF Trust	100,000,000	0	For
Vanguard	88,409,353	0	For
BlackRock	0	58,169,723	Abstain
Fidelity	36,047,664	126,483	For
Goldman Sachs	25,471,604	0	For
TIAA	23,928,801	0	For
Six Circles Trust	0	10,088,028	Abstain
Invesco	10,037,259	0	For
MFS	8,556,776	0	For
INVESTMENT CO OF AMERICA	5,390,498	0	For
T. Rowe Price	4,952,156	0	For
Brighthouse	4,825,943	0	For
State Street	4,586,410	0	For
NEW ECONOMY FUND	3,972,567	0	For
Dimensional	3,821,340	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	0	For
AllianceBernstein	3,605,611	0	For
Artisan	3,342,636	0	For
JANUS INVESTMENT FUND	3,140,104	0	For
American Century	2,865,568	0	For
BNY Mellon	2,722,834	0	For
Legg Mason	2,521,330	91,016	For
Columbia Threadneedle	2,202,821	0	For
Lazard	2,000,599	0	For
Principal	1,549,137	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

16. Reelect Henrik Poulsen (Vice Chair) as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 61%ABSTAIN 39%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (269,943,971 for, 0 against).

FOR: 269,943,971 (61.3%)ABSTAIN: 170,068,386 (38.7%)

Largest asset managers voting on “Reelect Henrik Poulsen (Vice Chair) as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Themes ETF Trust	0	100,000,000	Abstain
Vanguard	87,268,097	1,141,256	For
BlackRock	58,169,723	0	For
Fidelity	35,788,222	385,925	For
Goldman Sachs	24,555,055	916,549	For
TIAA	0	23,928,801	Abstain
Six Circles Trust	10,088,028	0	For
Invesco	0	10,037,259	Abstain
MFS	8,556,776	0	For
INVESTMENT CO OF AMERICA	5,390,498	0	For
T. Rowe Price	4,952,156	0	For
Brighthouse	911,770	3,914,173	Abstain
State Street	4,586,410	0	For
NEW ECONOMY FUND	3,972,567	0	For
Dimensional	0	3,821,340	Abstain
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	0	For
AllianceBernstein	3,605,611	0	For
Artisan	3,342,636	0	For
JANUS INVESTMENT FUND	3,140,104	0	For
American Century	0	2,865,568	Abstain
BNY Mellon	2,555,802	167,032	For
Legg Mason	2,521,330	91,016	For
Columbia Threadneedle	0	2,202,821	Abstain
Lazard	0	2,000,599	Abstain
Principal	0	1,549,137	Abstain

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

17. Reelect Kasim Kutay as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 62%ABSTAIN 38%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (274,006,156 for, 0 against).

FOR: 274,006,156 (62.3%)ABSTAIN: 166,006,201 (37.7%)

Largest asset managers voting on “Reelect Kasim Kutay as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Themes ETF Trust	0	100,000,000	Abstain
Vanguard	87,268,097	1,141,256	For
BlackRock	58,169,723	0	For
Fidelity	35,512,685	661,462	For
Goldman Sachs	24,411,747	1,059,857	For
TIAA	0	23,928,801	Abstain
Six Circles Trust	10,088,028	0	For
Invesco	10,037,259	0	For
MFS	0	8,556,776	Abstain
INVESTMENT CO OF AMERICA	5,390,498	0	For
T. Rowe Price	4,952,156	0	For
Brighthouse	4,140,369	685,574	For
State Street	4,586,410	0	For
NEW ECONOMY FUND	3,972,567	0	For
Dimensional	0	3,821,340	Abstain
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	0	For
AllianceBernstein	3,605,611	0	For
Artisan	3,342,636	0	For
JANUS INVESTMENT FUND	3,140,104	0	For
American Century	0	2,865,568	Abstain
BNY Mellon	2,555,802	167,032	For
Legg Mason	2,521,330	91,016	For
Columbia Threadneedle	0	2,202,821	Abstain
Lazard	0	2,000,599	Abstain
Principal	0	1,549,137	Abstain

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

18. Reelect Laurence Debroux as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.8%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (439,479,916 for, 0 against).

FOR: 439,479,916 (99.9%)ABSTAIN: 532,441 (0.1%)

Largest asset managers voting on “Reelect Laurence Debroux as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

19. Reelect Martin Mackay as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 62%ABSTAIN 38%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (270,875,774 for, 0 against).

FOR: 270,875,774 (61.6%)ABSTAIN: 169,136,583 (38.4%)

Largest asset managers voting on “Reelect Martin Mackay as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Themes ETF Trust	100,000,000	0	For
Vanguard	1,141,256	87,268,097	Abstain
BlackRock	0	58,169,723	Abstain
Fidelity	36,174,147	0	For
Goldman Sachs	25,471,604	0	For
TIAA	23,928,801	0	For
Six Circles Trust	0	10,088,028	Abstain
Invesco	10,037,259	0	For
MFS	8,556,776	0	For
INVESTMENT CO OF AMERICA	5,390,498	0	For
T. Rowe Price	4,952,156	0	For
Brighthouse	4,697,189	128,754	For
State Street	0	4,586,410	Abstain
NEW ECONOMY FUND	3,972,567	0	For
Dimensional	3,821,340	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	0	For
AllianceBernstein	0	3,605,611	Abstain
Artisan	3,342,636	0	For
JANUS INVESTMENT FUND	3,140,104	0	For
American Century	2,865,568	0	For
BNY Mellon	2,722,834	0	For
Legg Mason	2,612,346	0	For
Columbia Threadneedle	2,202,821	0	For
Lazard	2,000,599	0	For
Principal	1,549,137	0	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

20. Reelect Sylvie Gregoire as Director

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.6%

The 100 asset managers below cast 100% of the shares they voted on this item FOR (438,305,996 for, 0 against).

FOR: 438,305,996 (99.6%)ABSTAIN: 1,706,361 (0.4%)

Largest asset managers voting on “Reelect Sylvie Gregoire as Director” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Themes ETF Trust	100,000,000	For
Vanguard	88,409,353	For
BlackRock	58,169,723	For
Fidelity	36,174,147	For
Goldman Sachs	25,471,604	For
TIAA	23,928,801	For
Six Circles Trust	10,088,028	For
Invesco	10,037,259	For
MFS	8,556,776	For
INVESTMENT CO OF AMERICA	5,390,498	For
T. Rowe Price	4,952,156	For
Brighthouse	4,825,943	For
State Street	4,586,410	For
NEW ECONOMY FUND	3,972,567	For
Dimensional	3,821,340	For
INTERNATIONAL GROWTH & INCOME FUND	3,682,645	For
AllianceBernstein	3,605,611	For
Artisan	3,342,636	For
JANUS INVESTMENT FUND	3,140,104	For
American Century	2,865,568	For
BNY Mellon	2,722,834	For
Legg Mason	2,612,346	For
Columbia Threadneedle	2,202,821	For
Lazard	2,000,599	For
Principal	1,549,137	For

Showing the 25 largest of 100 asset managers. See all 100 in the interactive database.

21. PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2023

OTHER

99.8% fund support · no official result

FOR 99.8%

The 64 asset managers below cast 99.8% of the shares they voted on this item FOR (73,889,510 for, 139,051 against).

FOR: 73,889,510 (99.8%)AGAINST: 139,051 (0.2%)

Largest asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2023” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
National Pension Service	17,295,438	0	For
WCM INVESTMENT MANAGEMENT, LLC	12,517,820	0	For
Investment Managers Series Trust	9,692,215	0	For
Fiera Capital Corp	7,877,386	0	For
Northern Trust	4,561,190	67,167	For
Bridge Builder Trust	3,087,626	0	For
Korea Investment CORP	2,883,403	0	For
Jackson National	2,474,497	0	For
BAILLIE GIFFORD & CO LTD	2,400,387	0	For
1832 Asset Management L.P.	1,861,417	0	For
ORBIMED ADVISORS LLC	1,556,500	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
BAILLIE GIFFORD OVERSEAS LTD	812,794	0	For
Natixis	444,665	0	For
Baillie Gifford Investment Management (Europe) Ltd	433,815	0	For
Vanguard	350,919	0	For
Allianz	261,364	0	For
BLS CAPITAL FONDSMAEGLERSELSKAB A/S	230,601	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
MARSICO CAPITAL MANAGEMENT LLC	165,144	0	For
Siemens Fonds Invest GmbH	164,660	0	For
Calamos	157,199	0	For
Guardian Variable Products Trust	43,902	71,884	Against

Showing the 25 largest of 64 asset managers. See all 64 in the interactive database.

22. APPROVAL OF THE REMUNERATION POLICY

OTHER

99.7% fund support · no official result

FOR 99.7%

The 37 asset managers below cast 99.7% of the shares they voted on this item FOR (28,930,768 for, 71,884 against).

FOR: 28,930,768 (99.8%)AGAINST: 71,884 (0.2%)

Largest asset managers voting on “APPROVAL OF THE REMUNERATION POLICY” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	9,692,215	0	For
Fiera Capital Corp	7,877,386	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	444,665	0	For
Vanguard	350,919	0	For
Allianz	261,364	0	For
BLS CAPITAL FONDSMAEGLERSELSKAB A/S	230,601	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	43,902	71,884	Against
MARSICO INVESTMENT FUND	108,978	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	108,560	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	79,615	0	For
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

23. APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2024

OTHER

99.6% fund support · no official result

FOR 99.6%

The 35 asset managers below cast 99.6% of the shares they voted on this item FOR (20,815,050 for, 79,615 against).

FOR: 20,815,050 (99.6%)AGAINST: 79,615 (0.4%)

Largest asset managers voting on “APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2024” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	444,665	0	For
Vanguard	350,919	0	For
Allianz	261,364	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO	108,560	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	0	79,615	Against
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For

Showing the 25 largest of 35 asset managers. See all 35 in the interactive database.

24. APPOINTMENT OF AUDITOR: APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

OTHER

99.2% fund support · no official result

FOR 96%

The 34 asset managers below cast 99.2% of the shares they voted on this item FOR (19,973,314 for, 150,827 against).

FOR: 19,973,314 (96.1%)AGAINST: 150,827 (0.7%)ABSTAIN: 661,964 (3.2%)

Largest asset managers voting on “APPOINTMENT OF AUDITOR: APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	0	For
Bridge Builder Trust	2,842,848	0	244,778	For
Jackson National	2,474,497	0	0	For
John Hancock	1,502,495	0	0	For
HARBOR FUNDS	1,381,654	0	0	For
Natixis	27,479	0	417,186	Abstain
Vanguard	350,919	0	0	For
Allianz	261,364	0	0	For
Goldman Sachs	221,390	0	0	For
RBC FUNDS TRUST	188,155	0	0	For
Calamos	156,013	0	0	For
Guardian Variable Products Trust	115,786	0	0	For
MARSICO INVESTMENT FUND	108,978	0	0	For
PFM Multi-Manager Series Trust	105,557	0	0	For
BAILLIE GIFFORD FUNDS	86,687	0	0	For
CARILLON SERIES TRUST	80,763	0	0	For
GREEN CENTURY FUNDS	0	79,615	0	Against
Innovator ETFs Trust	0	71,212	0	Against
Brighthouse	64,982	0	0	For
Harbor ETF Trust	39,677	0	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	0	For
Listed Funds Trust	33,334	0	0	For
American Beacon Institutional Funds Trust	33,118	0	0	For
TrimTabs ETF Trust	28,702	0	0	For
Loomis Sayles	23,690	0	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

25. ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF HELGE LUND AS CHAIR

OTHER

99.6% fund support · no official result

FOR 87%12%

The 34 asset managers below cast 99.6% of the shares they voted on this item FOR (18,126,939 for, 71,212 against).

FOR: 18,126,939 (87.2%)AGAINST: 71,212 (0.3%)ABSTAIN: 2,587,954 (12.5%)

Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF HELGE LUND AS CHAIR” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	0	For
Bridge Builder Trust	2,907,792	0	179,834	For
Jackson National	2,103,863	0	370,634	For
John Hancock	143,559	0	1,358,936	Abstain
HARBOR FUNDS	1,381,654	0	0	For
Natixis	27,479	0	417,186	Abstain
Vanguard	350,919	0	0	For
Allianz	0	0	261,364	Abstain
Goldman Sachs	221,390	0	0	For
RBC FUNDS TRUST	188,155	0	0	For
Calamos	156,013	0	0	For
Guardian Variable Products Trust	115,786	0	0	For
MARSICO INVESTMENT FUND	108,978	0	0	For
PFM Multi-Manager Series Trust	105,557	0	0	For
BAILLIE GIFFORD FUNDS	86,687	0	0	For
CARILLON SERIES TRUST	80,763	0	0	For
GREEN CENTURY FUNDS	79,615	0	0	For
Innovator ETFs Trust	0	71,212	0	Against
Brighthouse	64,982	0	0	For
Harbor ETF Trust	39,677	0	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	0	For
Listed Funds Trust	33,334	0	0	For
American Beacon Institutional Funds Trust	33,118	0	0	For
TrimTabs ETF Trust	28,702	0	0	For
Loomis Sayles	23,690	0	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

26. ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF HENRIK POULSEN AS VICE CHAIR

OTHER

99.3% fund support · no official result

FOR 81%ABSTAIN 18%

The 34 asset managers below cast 99.3% of the shares they voted on this item FOR (16,935,960 for, 111,855 against).

FOR: 16,935,960 (81.5%)AGAINST: 111,855 (0.5%)ABSTAIN: 3,738,290 (18.0%)

Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF HENRIK POULSEN AS VICE CHAIR” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	0	For
Bridge Builder Trust	2,842,848	0	244,778	For
Jackson National	1,231,024	0	1,243,473	Abstain
John Hancock	112,425	0	1,390,070	Abstain
HARBOR FUNDS	1,314,367	966	66,321	For
Natixis	27,479	0	417,186	Abstain
Vanguard	350,919	0	0	For
Allianz	261,364	0	0	For
Goldman Sachs	221,390	0	0	For
RBC FUNDS TRUST	0	0	188,155	Abstain
Calamos	156,013	0	0	For
Guardian Variable Products Trust	115,786	0	0	For
MARSICO INVESTMENT FUND	108,978	0	0	For
PFM Multi-Manager Series Trust	43,120	0	62,437	Abstain
BAILLIE GIFFORD FUNDS	86,687	0	0	For
CARILLON SERIES TRUST	0	0	80,763	Abstain
GREEN CENTURY FUNDS	79,615	0	0	For
Innovator ETFs Trust	0	71,212	0	Against
Brighthouse	64,982	0	0	For
Harbor ETF Trust	0	39,677	0	Against
WILSHIRE MUTUAL FUNDS INC	39,332	0	0	For
Listed Funds Trust	33,334	0	0	For
American Beacon Institutional Funds Trust	33,118	0	0	For
TrimTabs ETF Trust	28,702	0	0	For
Loomis Sayles	23,690	0	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

27. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF ANDREAS FIBIG

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF ANDREAS FIBIG” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

28. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF CHRISTINA LAW

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF CHRISTINA LAW” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

29. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF KASIM KUTAY

OTHER

99.5% fund support · no official result

FOR 85%ABSTAIN 15%

The 34 asset managers below cast 99.5% of the shares they voted on this item FOR (17,682,708 for, 71,212 against).

FOR: 17,682,708 (85.1%)AGAINST: 71,212 (0.3%)ABSTAIN: 3,032,185 (14.6%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF KASIM KUTAY” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	0	For
Bridge Builder Trust	2,842,848	0	244,778	For
Jackson National	1,937,129	0	537,368	For
John Hancock	112,425	0	1,390,070	Abstain
HARBOR FUNDS	1,315,333	0	66,321	For
Natixis	27,479	0	417,186	Abstain
Vanguard	350,919	0	0	For
Allianz	261,364	0	0	For
Goldman Sachs	221,390	0	0	For
RBC FUNDS TRUST	0	0	188,155	Abstain
Calamos	156,013	0	0	For
Guardian Variable Products Trust	115,786	0	0	For
MARSICO INVESTMENT FUND	108,978	0	0	For
PFM Multi-Manager Series Trust	43,120	0	62,437	Abstain
BAILLIE GIFFORD FUNDS	86,687	0	0	For
CARILLON SERIES TRUST	0	0	80,763	Abstain
GREEN CENTURY FUNDS	79,615	0	0	For
Innovator ETFs Trust	0	71,212	0	Against
Brighthouse	64,982	0	0	For
Harbor ETF Trust	39,677	0	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	0	For
Listed Funds Trust	33,334	0	0	For
American Beacon Institutional Funds Trust	33,118	0	0	For
TrimTabs ETF Trust	28,702	0	0	For
Loomis Sayles	23,690	0	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

30. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF LAURENCE DEBROUX

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF LAURENCE DEBROUX” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

31. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF MARTIN MACKAY

OTHER

100% fund support · no official result

FOR 92%8%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (19,120,984 for, 0 against).

FOR: 19,120,984 (92.0%)ABSTAIN: 1,665,121 (8.0%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF MARTIN MACKAY” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	2,663,014	424,612	For
Jackson National	2,165,987	308,510	For
John Hancock	1,390,070	112,425	For
HARBOR FUNDS	1,380,688	966	For
Natixis	0	444,665	Abstain
Vanguard	350,919	0	For
Allianz	0	261,364	Abstain
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	79,615	0	For
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	0	39,677	Abstain
WILSHIRE MUTUAL FUNDS INC	27,770	11,562	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For
Loomis Sayles	0	23,690	Abstain

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

32. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF SYLVIE GREGOIRE

OTHER

100% fund support · no official result

FOR 98%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,368,919 for, 0 against).

FOR: 20,368,919 (98.0%)ABSTAIN: 417,186 (2.0%)

Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTORS: RE-ELECTION OF SYLVIE GREGOIRE” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Abstain	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	27,479	417,186	Abstain
Vanguard	350,919	0	For
Allianz	261,364	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	79,615	0	For
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For
Loomis Sayles	23,690	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

33. INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: AMENDMENTS TO THE ARTICLES OF ASSOCIATION

OTHER

99.6% fund support · no official result

FOR 99.6%

The 34 asset managers below cast 99.6% of the shares they voted on this item FOR (20,706,490 for, 79,615 against).

FOR: 20,706,490 (99.6%)AGAINST: 79,615 (0.4%)

Largest asset managers voting on “INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: AMENDMENTS TO THE ARTICLES OF ASSOCIATION” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	444,665	0	For
Vanguard	350,919	0	For
Allianz	261,364	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	0	79,615	Against
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For
Loomis Sayles	23,690	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

34. INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: INDEMNIFICATION OF THE BOARD OF DIRECTORS

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: INDEMNIFICATION OF THE BOARD OF DIRECTORS” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

35. INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: INDEMNIFICATION OF THE EXECUTIVE MANAGEMENT

OTHER

99.6% fund support · no official result

FOR 99.6%

The 34 asset managers below cast 99.6% of the shares they voted on this item FOR (20,706,490 for, 79,615 against).

FOR: 20,706,490 (99.6%)AGAINST: 79,615 (0.4%)

Largest asset managers voting on “INDEMNIFICATION OF THE BOARD OF DIRECTORS AND EXECUTIVE MANAGEMENT: INDEMNIFICATION OF THE EXECUTIVE MANAGEMEN” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	444,665	0	For
Vanguard	350,919	0	For
Allianz	261,364	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	0	79,615	Against
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For
Loomis Sayles	23,690	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

36. PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2023

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2023” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

37. PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: AUTHORISATION TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY TO REPURCHASE OWN SHARES

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: AUTHORISATION TO THE BOARD OF DIRECTORS TO ALLOW TH” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

38. PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S SHARE CAPITAL

OTHER

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

39. PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: REDUCTION OF THE COMPANY'S B SHARE CAPITAL BY NOMINALLY DKK 4,500,000 BY CANCELLATION OF B SHARES

OTHER

Combines 2 wordings of this item as funds reported it.

98% fund support · no official result

FOR 98%

The 34 asset managers below cast 98% of the shares they voted on this item FOR (20,368,919 for, 417,186 against).

FOR: 20,368,919 (98.0%)AGAINST: 417,186 (2.0%)

Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTORS AND/OR SHAREHOLDERS: REDUCTION OF THE COMPANY'S B SHARE CAPITAL BY NOMIN” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Against	Vote
Investment Managers Series Trust	9,692,215	0	For
Bridge Builder Trust	3,087,626	0	For
Jackson National	2,474,497	0	For
John Hancock	1,502,495	0	For
HARBOR FUNDS	1,381,654	0	For
Natixis	27,479	417,186	Against
Vanguard	350,919	0	For
Allianz	261,364	0	For
Goldman Sachs	221,390	0	For
RBC FUNDS TRUST	188,155	0	For
Calamos	156,013	0	For
Guardian Variable Products Trust	115,786	0	For
MARSICO INVESTMENT FUND	108,978	0	For
PFM Multi-Manager Series Trust	105,557	0	For
BAILLIE GIFFORD FUNDS	86,687	0	For
CARILLON SERIES TRUST	80,763	0	For
GREEN CENTURY FUNDS	79,615	0	For
Innovator ETFs Trust	71,212	0	For
Brighthouse	64,982	0	For
Harbor ETF Trust	39,677	0	For
WILSHIRE MUTUAL FUNDS INC	39,332	0	For
Listed Funds Trust	33,334	0	For
American Beacon Institutional Funds Trust	33,118	0	For
TrimTabs ETF Trust	28,702	0	For
Loomis Sayles	23,690	0	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

40. RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2023

OTHER

100% fund support · no official result

FOR 100%

The 34 asset managers below cast 100% of the shares they voted on this item FOR (20,786,105 for, 0 against).

FOR: 20,786,105 (100.0%)

Largest asset managers voting on “RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2023” at NOVO NORDISK A/S, 2023-2024
Asset manager	For	Vote
Investment Managers Series Trust	9,692,215	For
Bridge Builder Trust	3,087,626	For
Jackson National	2,474,497	For
John Hancock	1,502,495	For
HARBOR FUNDS	1,381,654	For
Natixis	444,665	For
Vanguard	350,919	For
Allianz	261,364	For
Goldman Sachs	221,390	For
RBC FUNDS TRUST	188,155	For
Calamos	156,013	For
Guardian Variable Products Trust	115,786	For
MARSICO INVESTMENT FUND	108,978	For
PFM Multi-Manager Series Trust	105,557	For
BAILLIE GIFFORD FUNDS	86,687	For
CARILLON SERIES TRUST	80,763	For
GREEN CENTURY FUNDS	79,615	For
Innovator ETFs Trust	71,212	For
Brighthouse	64,982	For
Harbor ETF Trust	39,677	For
WILSHIRE MUTUAL FUNDS INC	39,332	For
Listed Funds Trust	33,334	For
American Beacon Institutional Funds Trust	33,118	For
TrimTabs ETF Trust	28,702	For
Loomis Sayles	23,690	For

Showing the 25 largest of 34 asset managers. See all 34 in the interactive database.

Showing the 40 reported items with the widest manager coverage, of 73 in total. View every item.

Largest NOVO NORDISK A/S shareholders voting in 2023-2024

Ranked by the number of NOVO NORDISK A/S shares each manager voted on the most widely held ballot item of the 2023-2024 meeting.

Top NOVO NORDISK A/S shareholders by shares voted, 2023-2024
#	Asset manager	Shares voted
1	Themes ETF Trust	100,000,000
2	Vanguard	88,409,353
3	BlackRock	58,169,723
4	Fidelity	36,174,147
5	Goldman Sachs	25,471,604
6	JPMorgan	24,081,187
7	TIAA	23,928,801
8	Walter Scott & Partners Ltd	17,395,995
9	Six Circles Trust	10,088,028
10	Invesco	10,037,259

Shown as share counts, not percentages: no shares-outstanding figure has been matched to NOVO NORDISK A/S 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 NOVO NORDISK A/S's shareholder meeting held 2024-03-21, in the 2023-2024 proxy season, 187 asset managers reported how they voted in their SEC Form N-PX filings, covering 14,485 separate fund positions. Their filings are grouped here into 73 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 — Approve Remuneration Report (Advisory Vote) — the reporting funds cast 99.9% 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.

NOVO NORDISK A/S proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.