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Novo Nordisk A/S 2025-2026 Proxy Voting Records

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

  • 69Reported items
  • 170Asset managers
  • 10,653Fund votes
  • 2026-03-26Main meeting 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 2025-2026 meetings

Each item below shows how the 170 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. ELECT CEES DE JONG (VICE CHAIR) AS NEW DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-11-14; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 15%ABSTAIN 85%

The 113 asset managers below cast 100% of the shares they voted on this item FOR (60,860,475 for, 0 against).

FOR: 60,860,475 (15.3%)ABSTAIN: 336,391,668 (84.7%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “ELECT CEES DE JONG (VICE CHAIR) AS NEW DIRECTOR” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,576,3670 98,549,5280Abstain
Capital Group00 77,847,6490Abstain
BlackRock829,7790 58,783,6980Abstain
EUPAC FUND00 35,229,2080Abstain
TIAA00 12,492,3490Abstain
MFS10,668,9170 00For
Fidelity10,254,8970 00For
INVESTMENT CO OF AMERICA00 8,265,9550Abstain
JPMorgan6,581,7270 00For
Six Circles Trust00 6,286,6770Abstain
State Street5,736,0080 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 5,554,7850Abstain
T. Rowe Price3,911,2600 00For
Bridge Builder Trust1,388,7670 1,785,6680Abstain
Dimensional00 2,995,3930Abstain
Jackson National1,233,0870 1,396,7790Abstain
BNY Mellon2,143,0210 224,2590For
WisdomTree00 2,336,1480Abstain
NEW ECONOMY FUND00 2,160,7370Abstain
John Hancock114,9240 1,987,3630Abstain
GMO00 1,851,8810Abstain
DWS00 1,653,2810Abstain
Columbia Threadneedle1,631,8150 00For
Northern Trust00 1,607,6270Abstain
INTERNATIONAL GROWTH & INCOME FUND00 1,559,8580Abstain

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

2. ELECT LARS REBIEN SORENSEN (CHAIR) AS NEW DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-11-14; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 45%ABSTAIN 55%

The 113 asset managers below cast 100% of the shares they voted on this item FOR (177,275,563 for, 0 against).

FOR: 177,275,563 (44.6%)ABSTAIN: 219,976,580 (55.4%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “ELECT LARS REBIEN SORENSEN (CHAIR) AS NEW DIRECTOR” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,576,3670 98,549,5280Abstain
Capital Group77,847,6490 00For
BlackRock00 59,613,4770Abstain
EUPAC FUND35,229,2080 00For
TIAA00 12,492,3490Abstain
MFS10,668,9170 00For
Fidelity10,254,8970 00For
INVESTMENT CO OF AMERICA8,265,9550 00For
JPMorgan00 6,581,7270Abstain
Six Circles Trust00 6,286,6770Abstain
State Street5,736,0080 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 5,554,7850Abstain
T. Rowe Price3,911,2600 00For
Bridge Builder Trust1,388,7670 1,785,6680Abstain
Dimensional00 2,995,3930Abstain
Jackson National1,166,9170 1,462,9490Abstain
BNY Mellon2,143,0210 224,2590For
WisdomTree00 2,336,1480Abstain
NEW ECONOMY FUND2,160,7370 00For
John Hancock114,9240 1,987,3630Abstain
GMO00 1,851,8810Abstain
DWS00 1,653,2810Abstain
Columbia Threadneedle1,631,8150 00For
Northern Trust00 1,607,6270Abstain
INTERNATIONAL GROWTH & INCOME FUND1,559,8580 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

3. ELECT BRITT MEELBY JENSEN AS NEW DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-11-14; no official results are on file for this meeting.

100% fund support · no official result

FOR 46.6%ABSTAIN 53.4%

The 113 asset managers below cast 100% of the shares they voted on this item FOR (185,042,185 for, 0 against).

FOR: 185,042,185 (46.6%)ABSTAIN: 212,209,958 (53.4%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “ELECT BRITT MEELBY JENSEN AS NEW DIRECTOR” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,576,3670 98,549,5280Abstain
Capital Group77,847,6490 00For
BlackRock829,7790 58,783,6980Abstain
EUPAC FUND35,229,2080 00For
TIAA00 12,492,3490Abstain
MFS10,668,9170 00For
Fidelity10,254,8970 00For
INVESTMENT CO OF AMERICA8,265,9550 00For
JPMorgan6,581,7270 00For
Six Circles Trust00 6,286,6770Abstain
State Street5,736,0080 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 5,554,7850Abstain
T. Rowe Price3,911,2600 00For
Bridge Builder Trust1,388,7670 1,785,6680Abstain
Dimensional00 2,995,3930Abstain
Jackson National1,233,0870 1,396,7790Abstain
BNY Mellon2,143,0210 224,2590For
WisdomTree00 2,336,1480Abstain
NEW ECONOMY FUND2,160,7370 00For
John Hancock114,9240 1,987,3630Abstain
GMO00 1,851,8810Abstain
DWS00 1,653,2810Abstain
Columbia Threadneedle1,631,8150 00For
Northern Trust00 1,607,6270Abstain
INTERNATIONAL GROWTH & INCOME FUND1,559,8580 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

4. ELECT MIKAEL DOLSTEN AS NEW DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-11-14; no official results are on file for this meeting.

100% fund support · no official result

FOR 63%ABSTAIN 37%

The 113 asset managers below cast 100% of the shares they voted on this item FOR (252,148,517 for, 0 against).

FOR: 252,148,517 (63.5%)ABSTAIN: 145,103,626 (36.5%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “ELECT MIKAEL DOLSTEN AS NEW DIRECTOR” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,576,3670 98,549,5280Abstain
Capital Group77,847,6490 00For
BlackRock59,215,8420 397,6350For
EUPAC FUND35,229,2080 00For
TIAA00 12,492,3490Abstain
MFS10,668,9170 00For
Fidelity10,254,8970 00For
INVESTMENT CO OF AMERICA8,265,9550 00For
JPMorgan6,581,7270 00For
Six Circles Trust6,286,6770 00For
State Street5,736,0080 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 5,554,7850Abstain
T. Rowe Price3,911,2600 00For
Bridge Builder Trust1,580,2320 1,594,2030Abstain
Dimensional00 2,995,3930Abstain
Jackson National1,233,0870 1,396,7790Abstain
BNY Mellon2,143,0210 224,2590For
WisdomTree00 2,336,1480Abstain
NEW ECONOMY FUND2,160,7370 00For
John Hancock114,9240 1,987,3630Abstain
GMO00 1,851,8810Abstain
DWS00 1,653,2810Abstain
Columbia Threadneedle1,631,8150 00For
Northern Trust00 1,607,6270Abstain
INTERNATIONAL GROWTH & INCOME FUND1,559,8580 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

5. ELECT STEPHAN ENGELS AS NEW DIRECTOR

DIRECTOR ELECTIONS

Meeting held 2025-11-14; no official results are on file for this meeting.

100% fund support · no official result

FOR 64%ABSTAIN 36%

The 113 asset managers below cast 100% of the shares they voted on this item FOR (252,501,211 for, 0 against).

FOR: 252,501,211 (63.6%)ABSTAIN: 144,750,932 (36.4%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “ELECT STEPHAN ENGELS AS NEW DIRECTOR” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard6,576,3670 98,549,5280Abstain
Capital Group77,847,6490 00For
BlackRock59,568,5360 44,9410For
EUPAC FUND35,229,2080 00For
TIAA00 12,492,3490Abstain
MFS10,668,9170 00For
Fidelity10,254,8970 00For
INVESTMENT CO OF AMERICA8,265,9550 00For
JPMorgan6,581,7270 00For
Six Circles Trust6,286,6770 00For
State Street5,736,0080 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 5,554,7850Abstain
T. Rowe Price3,911,2600 00For
Bridge Builder Trust1,580,2320 1,594,2030Abstain
Dimensional00 2,995,3930Abstain
Jackson National1,233,0870 1,396,7790Abstain
BNY Mellon2,143,0210 224,2590For
WisdomTree00 2,336,1480Abstain
NEW ECONOMY FUND2,160,7370 00For
John Hancock114,9240 1,987,3630Abstain
GMO00 1,851,8810Abstain
DWS00 1,653,2810Abstain
Columbia Threadneedle1,631,8150 00For
Northern Trust00 1,607,6270Abstain
INTERNATIONAL GROWTH & INCOME FUND1,559,8580 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

6. Approve Remuneration Report (Advisory Vote)

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

63% fund support · no official result

FOR 63%AGAINST 37%

The 79 asset managers below cast 63% of the shares they voted on this item FOR (241,375,310 for, 139,289,153 against).

FOR: 241,375,310 (63.3%)AGAINST: 139,289,153 (36.5%)NOT VOTED: 663,096 (0.2%)
Largest asset managers voting on “Approve Remuneration Report (Advisory Vote)” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock10,535,968124,521,491 00Against
Vanguard101,223,5580 00For
Capital Group35,825,4060 00For
JPMorgan11,087,0260 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
APG Asset Management US Inc.010,194,754 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional03,129,331 00Against
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable324,507540,690 00Against
AllianceBernstein793,4000 00For

Showing the 25 largest of 79 asset managers. See all 79 in the interactive database.

7. Approve Remuneration Level of Directors for 2026

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.9%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (292,360,945 for, 108,048 against).

FOR: 292,360,945 (100.0%)AGAINST: 108,048 (0.0%)
Largest asset managers voting on “Approve Remuneration Level of Directors for 2026” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

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

8. Approve Remuneration of Directors for 2025

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 99.6%

The 76 asset managers below cast 99.9% of the shares they voted on this item FOR (291,435,630 for, 108,048 against).

FOR: 291,435,630 (99.6%)AGAINST: 108,048 (0.0%)ABSTAIN: 925,315 (0.3%)
Largest asset managers voting on “Approve Remuneration of Directors for 2025” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock61,518,5180 794,5640For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

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

9. Accept Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (292,467,414 for, 0 against).

FOR: 292,467,414 (100.0%)
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

10. Approve Allocation of Income and Dividends of DKK 7.95 Per Share

CAPITAL STRUCTURE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (292,467,414 for, 0 against).

FOR: 292,467,414 (100.0%)
Largest asset managers voting on “Approve Allocation of Income and Dividends of DKK 7.95 Per Share” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

11. 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

Meeting held 2026-03-26; no official results are on file for this meeting.

99.4% fund support · no official result

FOR 99.4%

The 75 asset managers below cast 99.4% of the shares they voted on this item FOR (290,940,121 for, 1,527,293 against).

FOR: 290,940,121 (99.5%)AGAINST: 1,527,293 (0.5%)
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, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard99,708,9701,514,588 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

12. Authorize Share Repurchase Program

CAPITAL STRUCTURE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (292,467,414 for, 0 against).

FOR: 292,467,414 (100.0%)
Largest asset managers voting on “Authorize Share Repurchase Program” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

13. Change Location of General Meeting to Eastern Denmark

CORPORATE GOVERNANCE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (292,467,414 for, 0 against).

FOR: 292,467,414 (100.0%)
Largest asset managers voting on “Change Location of General Meeting to Eastern Denmark” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

14. Elect Helena Saxon as New Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 95%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (277,679,124 for, 0 against).

FOR: 277,679,124 (94.9%)ABSTAIN: 14,788,290 (5.1%)
Largest asset managers voting on “Elect Helena Saxon as New Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group22,965,5970 12,859,8090For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

15. Elect Jan van de Winkel as New Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.3%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (290,538,933 for, 0 against).

FOR: 290,538,933 (99.3%)ABSTAIN: 1,928,481 (0.7%)
Largest asset managers voting on “Elect Jan van de Winkel as New Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

16. Elect Ramona Sequeira as New Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.3%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (290,538,933 for, 0 against).

FOR: 290,538,933 (99.3%)ABSTAIN: 1,928,481 (0.7%)
Largest asset managers voting on “Elect Ramona Sequeira as New Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

17. Ratify Deloitte as Auditors; Ratify Deloitte as Auditors for Sustainability Reporting

AUDIT-RELATED

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (292,467,414 for, 0 against).

FOR: 292,467,414 (100.0%)
Largest asset managers voting on “Ratify Deloitte as Auditors; Ratify Deloitte as Auditors for Sustainability Reporting” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam1,346,5720 00For
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

18. Reelect Britt Meelby Jensen as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 86%14%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (251,746,313 for, 0 against).

FOR: 251,746,313 (86.1%)ABSTAIN: 40,721,101 (13.9%)
Largest asset managers voting on “Reelect Britt Meelby Jensen as Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA00 10,714,4080Abstain
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 8,313,6330Abstain
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional00 3,129,3310Abstain
Invesco2,587,2300 00For
Fidelity1,501,2410 834,3490For
WisdomTree00 2,185,0990Abstain
GMO00 1,858,8760Abstain
Goldman Sachs1,290,1480 337,1420For
Northern Trust00 1,623,8080Abstain
DWS00 1,572,6810Abstain
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial737,6670 193,7150For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS00 753,5190Abstain

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

19. Reelect Cees de Jong (Vice Chair) as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 92%8%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (270,018,756 for, 0 against).

FOR: 270,018,756 (92.3%)ABSTAIN: 22,448,658 (7.7%)
Largest asset managers voting on “Reelect Cees de Jong (Vice Chair) as Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group16,040,7270 19,784,6790Abstain
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

20. Reelect Kasim Kutay as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 87%13%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (253,204,097 for, 0 against).

FOR: 253,204,097 (86.6%)ABSTAIN: 39,263,317 (13.4%)
Largest asset managers voting on “Reelect Kasim Kutay as Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA00 10,714,4080Abstain
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 8,313,6330Abstain
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional00 3,129,3310Abstain
Invesco2,587,2300 00For
Fidelity1,501,2410 834,3490For
WisdomTree00 2,185,0990Abstain
GMO00 1,858,8760Abstain
Goldman Sachs1,290,1480 337,1420For
Northern Trust1,457,7840 166,0240For
DWS00 1,572,6810Abstain
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial737,6670 193,7150For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS00 753,5190Abstain

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

21. Reelect Lars Rebien Sorensen (Chair) as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 62%ABSTAIN 38%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (180,157,168 for, 0 against).

FOR: 180,157,168 (61.6%)ABSTAIN: 112,310,246 (38.4%)
Largest asset managers voting on “Reelect Lars Rebien Sorensen (Chair) as Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock00 62,313,0820Abstain
Capital Group35,825,4060 00For
TIAA00 10,714,4080Abstain
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST00 8,313,6330Abstain
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street00 5,473,5570Abstain
NEW ECONOMY FUND4,757,2070 00For
Dimensional00 3,129,3310Abstain
Invesco2,587,2300 00For
Fidelity480,8290 1,854,7610Abstain
WisdomTree00 2,185,0990Abstain
GMO00 1,858,8760Abstain
Goldman Sachs1,290,1480 337,1420For
Northern Trust00 1,623,8080Abstain
DWS00 1,572,6810Abstain
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial215,6740 715,7080Abstain
Equitable216,4940 648,7030Abstain
AllianceBernstein00 793,4000Abstain
TEMPLETON FUNDS00 753,5190Abstain

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

22. Reelect Stephan Engels as Director

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.0%

The 75 asset managers below cast 100% of the shares they voted on this item FOR (289,803,435 for, 0 against).

FOR: 289,803,435 (99.1%)ABSTAIN: 2,663,979 (0.9%)
Largest asset managers voting on “Reelect Stephan Engels as Director” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard101,223,5580 00For
BlackRock62,313,0820 00For
Capital Group35,825,4060 00For
TIAA10,714,4080 00For
Dodge & Cox10,655,4000 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST8,313,6330 00For
T. Rowe Price7,645,9860 00For
MFS6,185,0060 00For
JPMorgan5,908,7530 00For
State Street5,473,5570 00For
NEW ECONOMY FUND4,757,2070 00For
Dimensional3,129,3310 00For
Invesco2,587,2300 00For
Fidelity2,335,5900 00For
WisdomTree2,185,0990 00For
GMO1,858,8760 00For
Goldman Sachs1,627,2900 00For
Northern Trust1,623,8080 00For
DWS1,572,6810 00For
Columbia Threadneedle1,377,3050 00For
Putnam00 1,346,5720Abstain
Lincoln Financial931,3820 00For
Equitable865,1970 00For
AllianceBernstein793,4000 00For
TEMPLETON FUNDS753,5190 00For

Showing the 25 largest of 75 asset managers. See all 75 in the interactive database.

23. PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2025

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2026-03-26; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

26% fund support · no official result

FOR 26%AGAINST 74%

The 48 asset managers below cast 26% of the shares they voted on this item FOR (36,578,696 for, 105,645,244 against).

FOR: 36,578,696 (25.7%)AGAINST: 105,645,244 (74.3%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “PRESENTATION OF AND ADVISORY VOTE ON THE REMUNERATION REPORT 2025” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
BlackRock2,353,71291,155,371 00Against
Six Circles Trust013,851,913 00Against
BAILLIE GIFFORD OVERSEAS LTD8,904,9600 00For
Vanguard6,390,4620 00For
BAILLIE GIFFORD & CO LTD3,341,1120 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust1,854,734193,593 00For
MAVERICK CAPITAL LTD1,634,0610 00For
Korea Investment CORP1,547,0460 00For
BAILLIE GIFFORD & CO1,536,2900 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
Baillie Gifford Investment Management (Europe) Ltd500,3580 00For
ORBIMED ADVISORS LLC0418,600 00Against
1832 Asset Management L.P.297,0440 00For
S-Bank Fund Management Ltd189,5260 00For
CULLEN FUNDS TRUST164,0300 00For
Northern Trust135,6760 00For
GREEN CENTURY FUNDS103,9280 00For
Clear Harbor Asset Management, LLC100,0000 00For
Westfuller Advisors, LLC84,1200 00For
Diversified Trust Co74,5760 00For
CARILLON SERIES TRUST65,8380 00For

Showing the 25 largest of 48 asset managers. See all 48 in the interactive database.

24. Remuneration Report

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

31% fund support · no official result

FOR 31%AGAINST 69%

The 24 asset managers below cast 31% of the shares they voted on this item FOR (7,115,724 for, 15,560,556 against).

FOR: 7,115,724 (31.3%)AGAINST: 15,560,556 (68.5%)ABSTAIN: 27,032 (0.1%)
Largest asset managers voting on “Remuneration Report” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Charles Schwab010,311,112 00Against
Vanguard6,105,0571,393,576 00For
SEI01,214,463 00Against
Union Investment Management GmbH0821,864 00Against
Russell Investments0782,267 00Against
Prudential/PGIM599,8830 00For
IMPAX FUNDS SERIES TRUST I278,5500 00For
Venerable Variable Insurance Trust0231,588 00Against
Neuberger Berman0188,818 00Against
Fidelity113,2550 00For
Morningstar Funds Trust0111,511 00Against
DOMINI INVESTMENT TRUST0102,548 00Against
VanEck ETF Trust098,748 00Against
Hartford5,75286,069 00Against
Nationwide091,496 00Against
Advisors' Inner Circle Fund III048,722 00Against
Brighthouse07,829 27,0320Abstain
Global X031,530 00Against
PACE SELECT ADVISORS TRUST029,576 00Against
New York Life13,2270 00For
Adviser Managed Trust05,926 00Against
Northern Lights Fund Trust IV02,173 00Against
Federated Hermes0482 00Against
GUINNESS ATKINSON FUNDS0258 00Against

25. APPOINTMENT OF AUDITOR: RE-APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

AUDIT-RELATED

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “APPOINTMENT OF AUDITOR: RE-APPOINTMENT OF DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

26. ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF CHAIR: RE-ELECTION OF LARS REBIEN SOERENSEN

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 23%ABSTAIN 77%

The 24 asset managers below cast 99.9% of the shares they voted on this item FOR (8,671,833 for, 6,861 against).

FOR: 8,671,833 (22.9%)AGAINST: 6,861 (0.0%)ABSTAIN: 29,120,656 (77.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF CHAIR: RE-ELECTION OF LARS REBIEN SOERENSEN” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust00 13,851,9130Abstain
BlackRock00 8,008,8000Abstain
Vanguard6,390,4620 00For
Jackson National55,5090 2,376,7280Abstain
John Hancock00 2,150,9410Abstain
Bridge Builder Trust596,2020 1,452,1250Abstain
HARBOR FUNDS00 1,122,2410Abstain
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST00 65,8380Abstain
Listed Funds Trust61,6220 00For
Natixis00 41,1130Abstain
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust00 25,1750Abstain
Loomis Sayles00 17,5990Abstain
EA Series Trust15,4420 00For
RBC FUNDS TRUST00 8,1830Abstain
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust06,861 00Against
GPS Funds I2,2770 00For

27. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF HELENA SAXON

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF HELENA SAXON” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

28. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF JAN VAN DE WINKEL

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF JAN VAN DE WINKEL” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

29. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF RAMONA SEQUEIRA

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: ELECTION OF RAMONA SEQUEIRA” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

30. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF BRITT MEELBY JENSEN

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

99.9% fund support · no official result

FOR 83%ABSTAIN 17%

The 24 asset managers below cast 99.9% of the shares they voted on this item FOR (31,218,093 for, 6,861 against).

FOR: 31,218,093 (82.6%)AGAINST: 6,861 (0.0%)ABSTAIN: 6,574,396 (17.4%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF BRITT MEELBY JENSEN” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National344,3230 2,087,9140Abstain
John Hancock119,2530 2,031,6880Abstain
Bridge Builder Trust789,7950 1,258,5320Abstain
HARBOR FUNDS00 1,122,2410Abstain
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST00 65,8380Abstain
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST00 8,1830Abstain
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust06,861 00Against
GPS Funds I2,2770 00For

31. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF KASIM KUTAY

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 83%ABSTAIN 17%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (31,224,954 for, 0 against).

FOR: 31,224,954 (82.6%)ABSTAIN: 6,574,396 (17.4%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF KASIM KUTAY” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National344,3230 2,087,9140Abstain
John Hancock119,2530 2,031,6880Abstain
Bridge Builder Trust789,7950 1,258,5320Abstain
HARBOR FUNDS00 1,122,2410Abstain
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST00 65,8380Abstain
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST00 8,1830Abstain
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

32. ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF STEPHAN ENGELS

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF OTHER MEMBER TO THE BOARD OF DIRECTOR: RE-ELECTION OF STEPHAN ENGELS” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

33. ELECTION OF VICE CHAIR: RE-ELECTION OF CEES DE JONG

DIRECTOR ELECTIONS

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)A: 7,340 (0.0%)
Largest asset managers voting on “ELECTION OF VICE CHAIR: RE-ELECTION OF CEES DE JONG” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00A
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

34. PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2025

OTHER

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “PRESENTATION AND ADOPTION OF THE AUDITED ANNUAL REPORT 2025” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

35. PROPOSALS FROM THE BOARD OF DIRECTOR: AMENDMENT OF LOCATION OF GENERAL MEETINGS DUE TO NEW NAME OF THE REGION

CORPORATE GOVERNANCE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,806,690 for, 0 against).

FOR: 37,806,690 (100.0%)
Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTOR: AMENDMENT OF LOCATION OF GENERAL MEETINGS DUE TO NEW NAME OF THE REGION” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC7,3400 00For
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

36. PROPOSALS FROM THE BOARD OF DIRECTOR: AUTHORISATION TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY TO REPURCHASE OWN SHARES

CAPITAL STRUCTURE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTOR: AUTHORISATION TO THE BOARD OF DIRECTORS TO ALLOW THE COMPANY TO REPURCHA” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

37. PROPOSALS FROM THE BOARD OF DIRECTOR: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S SHARE CAPITAL

CAPITAL STRUCTURE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “PROPOSALS FROM THE BOARD OF DIRECTOR: AUTHORISATION TO THE BOARD OF DIRECTORS TO INCREASE THE COMPANY'S SHARE ” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

38. REMUNERATION: APPROVAL OF THE REMUNERATION LEVEL OF THE BOARD OF DIRECTORS FOR 2026

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 24 asset managers below cast 99.7% of the shares they voted on this item FOR (37,695,422 for, 103,928 against).

FOR: 37,695,422 (99.7%)AGAINST: 103,928 (0.3%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “REMUNERATION: APPROVAL OF THE REMUNERATION LEVEL OF THE BOARD OF DIRECTORS FOR 2026” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS0103,928 00Against
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

39. REMUNERATION: APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2025

COMPENSATION

Meeting held 2026-03-26; no official results are on file for this meeting.

99.7% fund support · no official result

FOR 99.7%

The 24 asset managers below cast 99.7% of the shares they voted on this item FOR (37,694,012 for, 103,928 against).

FOR: 37,694,012 (99.7%)AGAINST: 103,928 (0.3%)ABSTAIN: 1,410 (0.0%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “REMUNERATION: APPROVAL OF THE REMUNERATION OF THE BOARD OF DIRECTORS FOR 2025” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,007,3900 1,4100For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS0103,928 00Against
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

40. RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2025

CAPITAL STRUCTURE

Meeting held 2026-03-26; no official results are on file for this meeting.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (37,799,350 for, 0 against).

FOR: 37,799,350 (100.0%)UNKNOWN: 7,340 (0.0%)
Largest asset managers voting on “RESOLUTION TO DISTRIBUTE THE PROFIT ACCORDING TO THE ADOPTED ANNUAL REPORT 2025” at Novo Nordisk A/S, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Six Circles Trust13,851,9130 00For
BlackRock8,008,8000 00For
Vanguard6,390,4620 00For
Jackson National2,432,2370 00For
John Hancock2,150,9410 00For
Bridge Builder Trust2,048,3270 00For
HARBOR FUNDS1,122,2410 00For
BAILLIE GIFFORD FUNDS679,9320 00For
Tidal Trust IV533,6460 00For
CULLEN FUNDS TRUST164,0300 00For
GREEN CENTURY FUNDS103,9280 00For
CARILLON SERIES TRUST65,8380 00For
Listed Funds Trust61,6220 00For
Natixis41,1130 00For
Tema ETF Trust31,5890 00For
BUFFALO FUNDS30,0000 00For
Pacer Funds Trust25,1750 00For
Loomis Sayles17,5990 00For
EA Series Trust15,4420 00For
RBC FUNDS TRUST8,1830 00For
ZEVIN ASSET MANAGEMENT LLC00 00Unknown
Zacks Trust7,1940 00For
Innovator ETFs Trust6,8610 00For
GPS Funds I2,2770 00For

Showing the 40 reported items with the widest manager coverage, of 69 in total. View every item.

Largest Novo Nordisk A/S shareholders voting in 2025-2026

Ranked by the number of Novo Nordisk A/S shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top Novo Nordisk A/S shareholders by shares voted, 2025-2026
#Asset manager Shares voted
1Vanguard 105,125,895
2Capital Group 77,847,649
3BlackRock 59,613,477
4EUPAC FUND 35,229,208
5TIAA 12,492,349
6MFS 10,668,917
7Fidelity 10,254,897
8INVESTMENT CO OF AMERICA 8,265,955
9JPMorgan 6,581,727
10Six Circles Trust 6,286,677

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Novo Nordisk A/S for the 2025-2026 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 2 shareholder meetings in the 2025-2026 proxy season (held 2025-11-14 and 2026-03-26), 170 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,653 separate fund positions. Their filings are grouped here into 69 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 — ELECT CEES DE JONG (VICE CHAIR) AS NEW DIRECTOR — the reporting funds cast 100% 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 · 2024-2025 · 2025-2026 (this page).