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Orange SA 2024-2025 Proxy Voting Records

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

125Reported items
226Asset managers
10,021Fund votes
2025-05-21Meeting date

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

Explore Orange SA in the interactive database Compare manager voting policies

How asset managers voted at the Orange SA 2024-2025 meeting

Each item below shows how the 226 asset managers that disclosed a Orange SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Orange SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Compensation of Christel Heydemann, CEO

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 104 asset managers below cast 100% of the shares they voted on this item FOR (279,828,176 for, 0 against).

FOR: 279,828,176 (100.0%)

Largest asset managers voting on “Approve Compensation of Christel Heydemann, CEO” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	83,879,169	For
Vanguard	57,504,158	For
Dimensional	33,815,828	For
Fidelity	29,532,626	For
JPMorgan	12,240,769	For
TIAA	7,326,649	For
APG Asset Management US Inc.	6,464,160	For
Capital Group	6,081,935	For
AQR	4,517,170	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,834,160	For
BNY Mellon	1,751,770	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
New York Life	1,228,044	For
First Trust	1,183,259	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For

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

2. Approve Compensation of Jacques Aschenbroich, Chairman of the Board

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 104 asset managers below cast 100% of the shares they voted on this item FOR (279,828,176 for, 0 against).

FOR: 279,828,176 (100.0%)

Largest asset managers voting on “Approve Compensation of Jacques Aschenbroich, Chairman of the Board” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	83,879,169	For
Vanguard	57,504,158	For
Dimensional	33,815,828	For
Fidelity	29,532,626	For
JPMorgan	12,240,769	For
TIAA	7,326,649	For
APG Asset Management US Inc.	6,464,160	For
Capital Group	6,081,935	For
AQR	4,517,170	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,834,160	For
BNY Mellon	1,751,770	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
New York Life	1,228,044	For
First Trust	1,183,259	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For

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

3. Approval of the components of compensation paid during the fiscal year ended December 31, 2024, or allocated in respect of the same fiscal year to Mr. Jacques Aschenbroich, Chairman of the Board of Directors, pursuant to II of Article L. 22- 10-34 of the French Commercial Code

SECTION 14A SAY-ON-PAY VOTES

Combines 5 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 87 asset managers below cast 99.7% of the shares they voted on this item FOR (28,655,316 for, 66,252 against).

FOR: 28,655,316 (99.8%)AGAINST: 66,252 (0.2%)ABSTAIN: 2,625 (0.0%)

Largest asset managers voting on “Approval of the components of compensation paid during the fiscal year ended December 31, 2024, or allocated i” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Hartford	11,262,767	0	For
Charles Schwab	8,656,337	0	For
BlackRock	2,415,201	0	For
Pacific Life	1,111,479	0	For
Russell Investments	1,105,071	0	For
MANAGED ASSET PORTFOLIOS, LLC	1,088,271	0	For
Northern Trust	774,806	0	For
ENVESTNET ASSET MANAGEMENT INC	320,589	0	For
Bleakley Financial Group, LLC	286,399	0	For
LINCLUDEN MANAGEMENT LTD	285,319	0	For
Natixis	185,283	0	For
MUTUAL FUND SERIES TRUST	152,000	0	For
Orion Porfolio Solutions, LLC	148,563	0	For
LOGAN CAPITAL MANAGEMENT INC	104,948	0	For
LPL Financial LLC	92,700	0	For
Gabelli	82,500	0	For
ADVISOR PARTNERS II, LLC	81,154	0	For
First Trust	0	65,944	Against
HANCOCK WHITNEY CORP	64,135	0	For
OPPENHEIMER ASSET MANAGEMENT INC.	63,734	0	For
RAYMOND JAMES & ASSOCIATES	58,628	0	For
Arlington Trust Co LLC	47,818	0	For
Callan Family Office, LLC	32,636	0	For
PNC BANK, NATIONAL ASSOCIATION	28,196	0	For
ELEVATION POINT WEALTH PARTNERS, LLC	27,563	0	For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

4. Approval of the components of compensation paid during the fiscal year ended December 31, 2024, or allocated in respect of the same fiscal year to Ms. Christel Heydemann, Chief Executive Officer, pursuant to II of Article L. 22-10-34 of the French Commercial Code

SECTION 14A SAY-ON-PAY VOTES

Combines 5 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 87 asset managers below cast 99.7% of the shares they voted on this item FOR (28,655,316 for, 66,252 against).

FOR: 28,655,316 (99.8%)AGAINST: 66,252 (0.2%)ABSTAIN: 2,625 (0.0%)

Largest asset managers voting on “Approval of the components of compensation paid during the fiscal year ended December 31, 2024, or allocated i” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Hartford	11,262,767	0	For
Charles Schwab	8,656,337	0	For
BlackRock	2,415,201	0	For
Pacific Life	1,111,479	0	For
Russell Investments	1,105,071	0	For
MANAGED ASSET PORTFOLIOS, LLC	1,088,271	0	For
Northern Trust	774,806	0	For
ENVESTNET ASSET MANAGEMENT INC	320,589	0	For
Bleakley Financial Group, LLC	286,399	0	For
LINCLUDEN MANAGEMENT LTD	285,319	0	For
Natixis	185,283	0	For
MUTUAL FUND SERIES TRUST	152,000	0	For
Orion Porfolio Solutions, LLC	148,563	0	For
LOGAN CAPITAL MANAGEMENT INC	104,948	0	For
LPL Financial LLC	92,700	0	For
Gabelli	82,500	0	For
ADVISOR PARTNERS II, LLC	81,154	0	For
First Trust	0	65,944	Against
HANCOCK WHITNEY CORP	64,135	0	For
OPPENHEIMER ASSET MANAGEMENT INC.	63,734	0	For
RAYMOND JAMES & ASSOCIATES	58,628	0	For
Arlington Trust Co LLC	47,818	0	For
Callan Family Office, LLC	32,636	0	For
PNC BANK, NATIONAL ASSOCIATION	28,196	0	For
ELEVATION POINT WEALTH PARTNERS, LLC	27,563	0	For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

5. Limitation on the accumulation of mandates of the chairman of the board

CORPORATE GOVERNANCE

0.1% fund support · no official result

AGAINST 99.9%

The 75 asset managers below cast 0.1% of the shares they voted on this item FOR (172,000 for, 277,649,293 against).

FOR: 172,000 (0.1%)AGAINST: 277,649,293 (99.9%)

Largest asset managers voting on “Limitation on the accumulation of mandates of the chairman of the board” at Orange SA, 2024-2025
Asset manager	Against	Vote
Thornburg	82,918,703	Against
Vanguard	57,454,647	Against
Dimensional	33,814,884	Against
Fidelity	29,400,909	Against
Hartford	11,262,767	Against
Charles Schwab	8,656,337	Against
TIAA	7,326,649	Against
Capital Group	6,081,935	Against
AQR	4,452,728	Against
State Street	4,187,877	Against
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	Against
OLD WESTBURY FUNDS INC	3,029,135	Against
American Century	1,976,700	Against
Lazard	1,532,074	Against
Legg Mason	1,405,173	Against
Voya	1,287,673	Against
BNY Mellon	1,231,069	Against
Pacific Life	1,199,644	Against
First Trust	1,183,259	Against
New York Life	1,148,440	Against
GMO	1,105,373	Against
Russell Investments	1,105,071	Against
DWS	952,713	Against
Northern Trust	916,935	Against
Lattice Strategies Trust	858,745	Against

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

6. Amend Article 15 of Bylaws to Comply with Legal Changes

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Amend Article 15 of Bylaws to Comply with Legal Changes” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

7. Amend Article 20 of Bylaws Re: Alternate Auditors

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Amend Article 20 of Bylaws Re: Alternate Auditors” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

8. Amend Article 21 of Bylaws to Comply with Legal Changes

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Amend Article 21 of Bylaws to Comply with Legal Changes” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

9. Amending Item 24 of Current Meeting to either Align the Employees' Free Shares Plans to the Executives' LTIPs or Proceed to an Annual Issuance Reserved for Employees Aligned with the Terms of Issuances used in Employees Stock Purchase Plans

COMPENSATION

0% fund support · no official result

AGAINST 100%

The 69 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 255,431,139 against).

AGAINST: 255,431,139 (100.0%)

Largest asset managers voting on “Amending Item 24 of Current Meeting to either Align the Employees' Free Shares Plans to the Executives' LTIPs ” at Orange SA, 2024-2025
Asset manager	Against	Vote
Thornburg	82,918,703	Against
Vanguard	57,454,647	Against
Dimensional	33,814,884	Against
Fidelity	29,400,909	Against
TIAA	7,326,649	Against
Capital Group	6,081,935	Against
AQR	4,452,728	Against
State Street	4,187,877	Against
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	Against
OLD WESTBURY FUNDS INC	3,029,135	Against
American Century	1,976,700	Against
Lazard	1,532,074	Against
Legg Mason	1,405,173	Against
Voya	1,287,673	Against
BNY Mellon	1,231,069	Against
First Trust	1,183,259	Against
New York Life	1,148,440	Against
GMO	1,105,373	Against
DWS	952,713	Against
Northern Trust	916,935	Against
Lattice Strategies Trust	858,745	Against
ARIEL INVESTMENT TRUST	830,211	Against
WisdomTree	689,498	Against
Lincoln Financial	678,193	Against
MoA Funds Corp	631,293	Against

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

10. Approve Allocation of Income and Dividends of EUR 0.75 per Share

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 0.75 per Share” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

11. Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Auditors' Special Report on Related-Party Transactions Mentioning the Absence of New Transactions” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

12. Approve Compensation Report

COMPENSATION

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Compensation Report” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

13. Approve Consolidated Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Consolidated Financial Statements and Statutory Reports” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

14. Approve Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Financial Statements and Statutory Reports” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

15. Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 1 Billion

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount ” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

16. Approve Remuneration Policy of CEO

COMPENSATION

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of CEO” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

17. Approve Remuneration Policy of Chairman of the Board

COMPENSATION

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of Chairman of the Board” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

18. Approve Remuneration Policy of Directors

COMPENSATION

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Approve Remuneration Policy of Directors” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

19. Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above

CAPITAL STRUCTURE

96% fund support · no official result

FOR 96%

The 69 asset managers below cast 96% of the shares they voted on this item FOR (245,749,349 for, 9,681,790 against).

FOR: 245,749,349 (96.2%)AGAINST: 9,681,790 (3.8%)

Largest asset managers voting on “Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Share” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Thornburg	82,918,703	0	For
Vanguard	57,454,647	0	For
Dimensional	33,814,884	0	For
Fidelity	29,400,909	0	For
TIAA	7,326,649	0	For
Capital Group	0	6,081,935	Against
AQR	4,452,728	0	For
State Street	4,187,877	0	For
INTERNATIONAL GROWTH & INCOME FUND	0	3,599,855	Against
OLD WESTBURY FUNDS INC	3,029,135	0	For
American Century	1,976,700	0	For
Lazard	1,532,074	0	For
Legg Mason	1,405,173	0	For
Voya	1,287,673	0	For
BNY Mellon	1,231,069	0	For
First Trust	1,183,259	0	For
New York Life	1,148,440	0	For
GMO	1,105,373	0	For
DWS	952,713	0	For
Northern Trust	916,935	0	For
Lattice Strategies Trust	858,745	0	For
ARIEL INVESTMENT TRUST	830,211	0	For
WisdomTree	689,498	0	For
Lincoln Financial	678,193	0	For
MoA Funds Corp	631,293	0	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

20. Authorize Capital Increase of Up to EUR 1 Billion for Future Exchange Offers

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Capital Increase of Up to EUR 1 Billion for Future Exchange Offers” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

21. Authorize Capital Increase of up to EUR 1 Billion for Contributions in Kind

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Capital Increase of up to EUR 1 Billion for Contributions in Kind” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

22. Authorize Capital Issuances for Use in Employee Stock Purchase Plans

COMPENSATION

99% fund support · no official result

FOR 99%

The 69 asset managers below cast 99% of the shares they voted on this item FOR (252,307,405 for, 3,123,734 against).

FOR: 252,307,405 (98.8%)AGAINST: 3,123,734 (1.2%)

Largest asset managers voting on “Authorize Capital Issuances for Use in Employee Stock Purchase Plans” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Thornburg	82,918,703	0	For
Vanguard	57,454,647	0	For
Dimensional	33,814,884	0	For
Fidelity	29,400,909	0	For
TIAA	7,326,649	0	For
Capital Group	6,081,935	0	For
AQR	4,452,728	0	For
State Street	4,187,877	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	0	For
OLD WESTBURY FUNDS INC	0	3,029,135	Against
American Century	1,976,700	0	For
Lazard	1,532,074	0	For
Legg Mason	1,405,173	0	For
Voya	1,287,673	0	For
BNY Mellon	1,231,069	0	For
First Trust	1,183,259	0	For
New York Life	1,148,440	0	For
GMO	1,105,373	0	For
DWS	952,713	0	For
Northern Trust	916,935	0	For
Lattice Strategies Trust	858,745	0	For
ARIEL INVESTMENT TRUST	830,211	0	For
WisdomTree	689,498	0	For
Lincoln Financial	678,193	0	For
MoA Funds Corp	631,293	0	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

23. Authorize Capitalization of Reserves of Up to EUR 2 Billion for Bonus Issue or Increase in Par Value

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Capitalization of Reserves of Up to EUR 2 Billion for Bonus Issue or Increase in Par Value” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

24. Authorize Decrease in Share Capital via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Decrease in Share Capital via Cancellation of Repurchased Shares” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

25. Authorize Filing of Required Documents/Other Formalities

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Filing of Required Documents/Other Formalities” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

26. Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights (Rights Issue) up to Aggregate Nominal Amount of EUR 2 Billion

CAPITAL STRUCTURE

99.5% fund support · no official result

FOR 99.5%

The 69 asset managers below cast 99.5% of the shares they voted on this item FOR (254,289,110 for, 1,142,029 against).

FOR: 254,289,110 (99.6%)AGAINST: 1,142,029 (0.4%)

Largest asset managers voting on “Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights (Rights Issue) up to Aggregate” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Thornburg	82,918,703	0	For
Vanguard	57,454,647	0	For
Dimensional	33,814,884	0	For
Fidelity	29,400,909	0	For
TIAA	7,326,649	0	For
Capital Group	6,081,935	0	For
AQR	4,452,728	0	For
State Street	4,187,877	0	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	0	For
OLD WESTBURY FUNDS INC	3,029,135	0	For
American Century	1,976,700	0	For
Lazard	1,532,074	0	For
Legg Mason	1,405,173	0	For
Voya	1,287,673	0	For
BNY Mellon	89,040	1,142,029	Against
First Trust	1,183,259	0	For
New York Life	1,148,440	0	For
GMO	1,105,373	0	For
DWS	952,713	0	For
Northern Trust	916,935	0	For
Lattice Strategies Trust	858,745	0	For
ARIEL INVESTMENT TRUST	830,211	0	For
WisdomTree	689,498	0	For
Lincoln Financial	678,193	0	For
MoA Funds Corp	631,293	0	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

27. Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 1 Billion

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amo” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

28. Authorize Repurchase of Up to 10 Percent of Issued Share Capital

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize Repurchase of Up to 10 Percent of Issued Share Capital” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

29. Authorize up to 0.12 Percent of Issued Capital for Use in Restricted Stock Plans Reserved for Key Employees and Executive Corporate Officers With Performance Conditions Attached

COMPENSATION

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Authorize up to 0.12 Percent of Issued Capital for Use in Restricted Stock Plans Reserved for Key Employees an” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

30. Elect Nadia Zak-Calvet as Representative of Employee Shareholders to the Board

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Elect Nadia Zak-Calvet as Representative of Employee Shareholders to the Board” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

31. Reelect Bpifrance Participations as Director

DIRECTOR ELECTIONS

99.8% fund support · no official result

FOR 99.8%

The 69 asset managers below cast 99.8% of the shares they voted on this item FOR (255,154,307 for, 276,832 against).

FOR: 255,154,307 (99.9%)AGAINST: 276,832 (0.1%)

Largest asset managers voting on “Reelect Bpifrance Participations as Director” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

32. Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 3 Billion

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 69 asset managers below cast 100% of the shares they voted on this item FOR (255,431,139 for, 0 against).

FOR: 255,431,139 (100.0%)

Largest asset managers voting on “Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 3 Billion” at Orange SA, 2024-2025
Asset manager	For	Vote
Thornburg	82,918,703	For
Vanguard	57,454,647	For
Dimensional	33,814,884	For
Fidelity	29,400,909	For
TIAA	7,326,649	For
Capital Group	6,081,935	For
AQR	4,452,728	For
State Street	4,187,877	For
INTERNATIONAL GROWTH & INCOME FUND	3,599,855	For
OLD WESTBURY FUNDS INC	3,029,135	For
American Century	1,976,700	For
Lazard	1,532,074	For
Legg Mason	1,405,173	For
Voya	1,287,673	For
BNY Mellon	1,231,069	For
First Trust	1,183,259	For
New York Life	1,148,440	For
GMO	1,105,373	For
DWS	952,713	For
Northern Trust	916,935	For
Lattice Strategies Trust	858,745	For
ARIEL INVESTMENT TRUST	830,211	For
WisdomTree	689,498	For
Lincoln Financial	678,193	For
MoA Funds Corp	631,293	For

Showing the 25 largest of 69 asset managers. See all 69 in the interactive database.

33. APPROVAL OF THE REMUNERATION ELEMENTS PAID DURING THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 OR AWARDED DURING THE SAME FINANCIAL YEAR TO MR. JACQUES ASCHENBROICH, CHAIRMAN OF THE BOARD OF DIRECTORS, PURSUANT TO SECTION II OF ARTICLE L. 22-10- 34 OF THE FRENCH COMMERCIAL CODE

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (72,105,836 for, 0 against).

FOR: 72,105,836 (100.0%)

Largest asset managers voting on “APPROVAL OF THE REMUNERATION ELEMENTS PAID DURING THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 OR AWARDED DURING ” at Orange SA, 2024-2025
Asset manager	For	Vote
BlackRock	55,480,331	For
Six Circles Trust	7,359,881	For
John Hancock	1,978,431	For
ETF Series Solutions	1,631,972	For
Treasurer of the State of North Carolina	1,343,831	For
Korea Investment CORP	1,222,615	For
Siemens Fonds Invest GmbH	603,517	For
Jackson National	499,847	For
1832 Asset Management L.P.	365,137	For
Calamos	301,085	For
Cambria ETF Trust	296,081	For
Northern Trust	258,648	For
CASTLEARK MANAGEMENT LLC	175,470	For
NATIONAL BANK INVESTMENTS INC.	172,470	For
PFM Multi-Manager Series Trust	162,434	For
Bridge Builder Trust	100,799	For
South Dakota Investment Council	57,954	For
Tidal Trust I	49,597	For
GPS Funds I	35,717	For
RBB FUND, INC.	7,330	For
XPONANCE, INC.	2,689	For

34. APPROVAL OF THE REMUNERATION ELEMENTS PAID DURING THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 OR AWARDED DURING THE SAME FINANCIAL YEAR TO MRS. CHRISTEL HEYDEMANN, CHIEF EXECUTIVE OFFICER, PURSUANT TO SECTION II OF ARTICLE L. 22-10-34 OF THE FRENCH COMMERCIAL CODE

SECTION 14A SAY-ON-PAY VOTES

100% fund support · no official result

FOR 100%

The 21 asset managers below cast 100% of the shares they voted on this item FOR (72,105,836 for, 0 against).

FOR: 72,105,836 (100.0%)

Largest asset managers voting on “APPROVAL OF THE REMUNERATION ELEMENTS PAID DURING THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 OR AWARDED DURING ” at Orange SA, 2024-2025
Asset manager	For	Vote
BlackRock	55,480,331	For
Six Circles Trust	7,359,881	For
John Hancock	1,978,431	For
ETF Series Solutions	1,631,972	For
Treasurer of the State of North Carolina	1,343,831	For
Korea Investment CORP	1,222,615	For
Siemens Fonds Invest GmbH	603,517	For
Jackson National	499,847	For
1832 Asset Management L.P.	365,137	For
Calamos	301,085	For
Cambria ETF Trust	296,081	For
Northern Trust	258,648	For
CASTLEARK MANAGEMENT LLC	175,470	For
NATIONAL BANK INVESTMENTS INC.	172,470	For
PFM Multi-Manager Series Trust	162,434	For
Bridge Builder Trust	100,799	For
South Dakota Investment Council	57,954	For
Tidal Trust I	49,597	For
GPS Funds I	35,717	For
RBB FUND, INC.	7,330	For
XPONANCE, INC.	2,689	For

35. Remuneration Report

COMPENSATION

99.2% fund support · no official result

FOR 99.2%

The 17 asset managers below cast 99.2% of the shares they voted on this item FOR (8,536,259 for, 67,400 against).

FOR: 8,536,259 (99.2%)AGAINST: 67,400 (0.8%)

Largest asset managers voting on “Remuneration Report” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Prudential/PGIM	2,272,227	0	For
Charles Schwab	2,133,215	0	For
SEI	1,318,822	0	For
Datum One Series Trust	1,113,630	0	For
Mercer Funds	493,000	0	For
Victory Capital	378,629	0	For
Empower	234,100	0	For
IMPAX FUNDS SERIES TRUST III	210,601	0	For
2023 ETF Series Trust	177,771	0	For
SEI Exchange Traded Funds	82,665	0	For
DOMINI INVESTMENT TRUST	0	67,400	Against
Russell Investments	60,355	0	For
ADVISORS' INNER CIRCLE FUND	28,200	0	For
Global X	20,081	0	For
ETFis Series Trust I	11,213	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	0	For
Federated Hermes	1	0	For

36. Remuneration of Christel Heydemann, CEO

COMPENSATION

100% fund support · no official result

FOR 100%

The 17 asset managers below cast 100% of the shares they voted on this item FOR (8,603,659 for, 0 against).

FOR: 8,603,659 (100.0%)

Largest asset managers voting on “Remuneration of Christel Heydemann, CEO” at Orange SA, 2024-2025
Asset manager	For	Vote
Prudential/PGIM	2,272,227	For
Charles Schwab	2,133,215	For
SEI	1,318,822	For
Datum One Series Trust	1,113,630	For
Mercer Funds	493,000	For
Victory Capital	378,629	For
Empower	234,100	For
IMPAX FUNDS SERIES TRUST III	210,601	For
2023 ETF Series Trust	177,771	For
SEI Exchange Traded Funds	82,665	For
DOMINI INVESTMENT TRUST	67,400	For
Russell Investments	60,355	For
ADVISORS' INNER CIRCLE FUND	28,200	For
Global X	20,081	For
ETFis Series Trust I	11,213	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	For
Federated Hermes	1	For

37. Remuneration of Jacques Aschenbroich, Chair

COMPENSATION

99.2% fund support · no official result

FOR 99.2%

The 17 asset managers below cast 99.2% of the shares they voted on this item FOR (8,536,259 for, 67,400 against).

FOR: 8,536,259 (99.2%)AGAINST: 67,400 (0.8%)

Largest asset managers voting on “Remuneration of Jacques Aschenbroich, Chair” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Prudential/PGIM	2,272,227	0	For
Charles Schwab	2,133,215	0	For
SEI	1,318,822	0	For
Datum One Series Trust	1,113,630	0	For
Mercer Funds	493,000	0	For
Victory Capital	378,629	0	For
Empower	234,100	0	For
IMPAX FUNDS SERIES TRUST III	210,601	0	For
2023 ETF Series Trust	177,771	0	For
SEI Exchange Traded Funds	82,665	0	For
DOMINI INVESTMENT TRUST	0	67,400	Against
Russell Investments	60,355	0	For
ADVISORS' INNER CIRCLE FUND	28,200	0	For
Global X	20,081	0	For
ETFis Series Trust I	11,213	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	0	For
Federated Hermes	1	0	For

38. Remuneration Policy (Board of Directors)

COMPENSATION

99.2% fund support · no official result

FOR 99.2%

The 17 asset managers below cast 99.2% of the shares they voted on this item FOR (8,536,259 for, 67,400 against).

FOR: 8,536,259 (99.2%)AGAINST: 67,400 (0.8%)

Largest asset managers voting on “Remuneration Policy (Board of Directors)” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Prudential/PGIM	2,272,227	0	For
Charles Schwab	2,133,215	0	For
SEI	1,318,822	0	For
Datum One Series Trust	1,113,630	0	For
Mercer Funds	493,000	0	For
Victory Capital	378,629	0	For
Empower	234,100	0	For
IMPAX FUNDS SERIES TRUST III	210,601	0	For
2023 ETF Series Trust	177,771	0	For
SEI Exchange Traded Funds	82,665	0	For
DOMINI INVESTMENT TRUST	0	67,400	Against
Russell Investments	60,355	0	For
ADVISORS' INNER CIRCLE FUND	28,200	0	For
Global X	20,081	0	For
ETFis Series Trust I	11,213	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	0	For
Federated Hermes	1	0	For

39. Remuneration Policy (CEO)

COMPENSATION

100% fund support · no official result

FOR 100%

The 17 asset managers below cast 100% of the shares they voted on this item FOR (8,603,659 for, 0 against).

FOR: 8,603,659 (100.0%)

Largest asset managers voting on “Remuneration Policy (CEO)” at Orange SA, 2024-2025
Asset manager	For	Vote
Prudential/PGIM	2,272,227	For
Charles Schwab	2,133,215	For
SEI	1,318,822	For
Datum One Series Trust	1,113,630	For
Mercer Funds	493,000	For
Victory Capital	378,629	For
Empower	234,100	For
IMPAX FUNDS SERIES TRUST III	210,601	For
2023 ETF Series Trust	177,771	For
SEI Exchange Traded Funds	82,665	For
DOMINI INVESTMENT TRUST	67,400	For
Russell Investments	60,355	For
ADVISORS' INNER CIRCLE FUND	28,200	For
Global X	20,081	For
ETFis Series Trust I	11,213	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	For
Federated Hermes	1	For

40. Remuneration Policy (Chair)

COMPENSATION

99.2% fund support · no official result

FOR 99.2%

The 17 asset managers below cast 99.2% of the shares they voted on this item FOR (8,536,259 for, 67,400 against).

FOR: 8,536,259 (99.2%)AGAINST: 67,400 (0.8%)

Largest asset managers voting on “Remuneration Policy (Chair)” at Orange SA, 2024-2025
Asset manager	For	Against	Vote
Prudential/PGIM	2,272,227	0	For
Charles Schwab	2,133,215	0	For
SEI	1,318,822	0	For
Datum One Series Trust	1,113,630	0	For
Mercer Funds	493,000	0	For
Victory Capital	378,629	0	For
Empower	234,100	0	For
IMPAX FUNDS SERIES TRUST III	210,601	0	For
2023 ETF Series Trust	177,771	0	For
SEI Exchange Traded Funds	82,665	0	For
DOMINI INVESTMENT TRUST	0	67,400	Against
Russell Investments	60,355	0	For
ADVISORS' INNER CIRCLE FUND	28,200	0	For
Global X	20,081	0	For
ETFis Series Trust I	11,213	0	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1,749	0	For
Federated Hermes	1	0	For

Showing the 40 reported items with the widest manager coverage, of 125 in total. View every item.

Largest Orange SA shareholders voting in 2024-2025

Ranked by the number of Orange SA shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 2,657,627,456 shares outstanding at the time of that meeting.

Top Orange SA shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Thornburg	3.16%
2	Vanguard	2.16%
3	Dimensional	1.27%
4	Fidelity	1.11%
5	JPMorgan	0.46%
6	TIAA	0.28%
7	APG Asset Management US Inc.	0.24%
8	Capital Group	0.23%
9	AQR	0.17%
10	State Street	0.16%

Percentages above are of 2,657,627,456 shares outstanding, as reported by Orange SA on its Form 20-F dated 2023-12-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from Orange SA’s 20-F dated 2023-12-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At Orange SA's shareholder meeting held 2025-05-21, in the 2024-2025 proxy season, 226 asset managers reported how they voted in their SEC Form N-PX filings, covering 10,021 separate fund positions. Their filings are grouped here into 125 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 Compensation of Christel Heydemann, CEO — 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.

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