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BlackRock 2025-2026: where it broke with the board

At least 6,035 proposals in the 2025-2026 proxy season: BlackRock voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 35 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal BlackRock voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.

Everything Only shareholder proposals it backed

6,035 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.

BlackRock, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedBlackRock votedFunds
LAGERCRANTZ GROUP AB August 26, 2025 APPROVE REMUNERATION REPORT Say-on-Pay Board AGAINST 7
LANDIS+GYR GROUP AG June 26, 2026 REPORTING ON THE 2025 BUSINESS YEAR: 2025 REMUNERATION REPORT (CONSULTATIVE VOTE) Say-on-Pay Board AGAINST 7
LIMONEIRA COMPANY March 25, 2026 DIRECTOR: Elizabeth Mora Director Elections Board ABSTAIN 7
LIXIL CORPORATION June 18, 2026 Appoint a Director Seto, Kinya Director Elections Board AGAINST 7
LOANDEPOT, INC. June 4, 2026 DIRECTOR: Andrew Dodson Director Elections Board ABSTAIN 7
LOCALIZA RENT A CAR SA April 30, 2026 APPROVE AMENDMENTS TO THE SECOND DEFERRED SHARES BONUS PLANS, THE SECOND SHARE PURCHASE, AND MATCHING SHARE PLANS, THE SPECIAL RETENTION AND ALIGNMENT PLAN FOR THE CREATION OF A REFERENCE MANAGING SHAREHOLDER, THE FOURTH STOCK OPTION PLAN, AND THE FIFTH STOCK OPTION PLAN Compensation Board AGAINST 7
LU-VE S.P.A. April 28, 2026 ANNUAL REPORT ON THE REMUNERATION POLICY AND ON THE FEES PAID: APPROVAL OF THE '2026 REMUNERATION POLICY' CONTAINED IN SECTION I, PURSUANT TO ARTICLE 123-TER, PARAGRAPH 3-BIS OF LEGISLATIVE DECREE NO. 58/98 Say-on-Pay Board AGAINST 7
LUMENT FINANCE TRUST, INC. June 10, 2026 Approval, on an advisory basis, of the compensation of our named executive officers, as described in the proxy statement under "Executive Compensation." Say-on-Pay Board AGAINST 7
LUNDIN GOLD INC. May 8, 2026 Election of Director - Ian Gibbs Director Elections Board AGAINST 7
MARUZEN SHOWA UNYU CO.,LTD. June 26, 2026 Appoint a Director who is Audit and Supervisory Committee Member Naito, Akinobu Director Elections Board AGAINST 7
MARUZEN SHOWA UNYU CO.,LTD. June 26, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Asai, Toshiyuki Director Elections Board AGAINST 7
MARUZEN SHOWA UNYU CO.,LTD. June 26, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Okada, Hirotsugu Director Elections Board AGAINST 7
MCEWEN INC. June 4, 2026 DIRECTOR: John Florek Director Elections Board ABSTAIN 7
MEDICOVER AB April 29, 2026 APPROVE ALTERNATIVE EQUITY PLAN FINANCING Compensation Board AGAINST 7
MEDICOVER AB April 29, 2026 APPROVE PERFORMANCE-BASED SHARE PROGRAM (PLAN 2026) FOR KEY EMPLOYEES Compensation Board AGAINST 7
MELCO INTERNATIONAL DEVELOPMENT LTD June 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 7
MELCO INTERNATIONAL DEVELOPMENT LTD June 8, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 7
MELCO INTERNATIONAL DEVELOPMENT LTD June 8, 2026 Elect Karuna Evelyne Shinsho as Director Director Elections Board AGAINST 7
MENICON CO.,LTD. June 26, 2026 Appoint a Director Watanabe, Shingo Director Elections Board AGAINST 7
METALLURGICAL CORPORATION OF CHINA LTD June 29, 2026 Approve Plan of Guarantees Extraordinary Transactions Board AGAINST 7
MGM CHINA HOLDINGS LTD May 14, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 7
MGM CHINA HOLDINGS LTD May 14, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 7
MGM CHINA HOLDINGS LTD May 14, 2026 Elect Ayesha Khanna Molino as Director Director Elections Board AGAINST 7
MGM CHINA HOLDINGS LTD May 14, 2026 Elect Chee Ming Liu as Director Director Elections Board AGAINST 7
MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD April 29, 2026 REELECT ORNA HOZMAN-BECHOR AS EXTERNAL DIRECTOR Director Elections Board AGAINST 7
MOBILEYE GLOBAL INC. June 18, 2026 Election of Directors Frank D. Yeary Director Elections Board WITHHOLD 7
MOBVISTA INC. June 12, 2026 Elect Sun Hongbin as Director Director Elections Board AGAINST 7
MOL HUNGARIAN OIL AND GAS PLC April 10, 2026 Cancel Apr. 24, 2025, AGM, Resolution Re: Share Repurchase Program; Authorize Share Repurchase Program Capital Structure Board AGAINST 7
MOL HUNGARIAN OIL AND GAS PLC April 10, 2026 Elect Ivan Miklos as Supervisory Board Member Director Elections Board AGAINST 7
MOL HUNGARIAN OIL AND GAS PLC April 10, 2026 Elect Lajos Dorkota as Supervisory Board Member Director Elections Board AGAINST 7
MOL HUNGARIAN OIL AND GAS PLC April 10, 2026 Elect Peter Kaderjak as Supervisory Board Member Director Elections Board AGAINST 7
MUNTERS GROUP AB April 30, 2026 DETERMINE NUMBER OF AUDITORS (1) AND DEPUTY AUDITORS (0) Audit-related Board AGAINST 7
MUNTERS GROUP AB April 30, 2026 ELECT STEPHANIE DISMORE AS NEW DIRECTOR Director Elections Board AGAINST 7
MUSASHI SEIMITSU INDUSTRY CO.,LTD. June 26, 2026 Appoint a Director who is Audit and Supervisory Committee Member Okubo, Kazutaka Director Elections Board AGAINST 7
MUSASHI SEIMITSU INDUSTRY CO.,LTD. June 26, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Kamino, Goro Director Elections Board AGAINST 7
MUSASHI SEIMITSU INDUSTRY CO.,LTD. June 26, 2026 Appoint a Director who is not Audit and Supervisory Committee Member Tomimatsu, Keisuke Director Elections Board AGAINST 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Abdulazeez Al Zumam as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Abdullah Al Shamrani as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Abdulmajeed Al Al Sheikh as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ahmed Al Baqshi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ahmed Khoqeer as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ahmed Shaheeni as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ayman Al Jabir as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Batil Al Batil as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Fadi Al Khaneezi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Fahd Al Ajmi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Hatim Al Ruweethi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Husam Al Deen Sadaqah as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ibraheem Khan as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Khalid Al Rabeeah as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Majid Fattah as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Mohammed Fahmi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Muath Al Zamil as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Muhannad Abou Al Majd as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Nasir Al Qadhi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Omar Abduljabbar as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Salman Al Hawawi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Waleed bin Ateeq as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Elect Ziyad Al Hazimi as Director Director Elections Board ABSTAIN 7
NATIONAL AGRICULTURAL DEVELOPMENT CO. April 1, 2026 Ratify Auditors and Fix Their Remuneration for Q2, Q3 and Annual Statement of FY 2026 and Q1 of FY 2027 Audit-related Board ABSTAIN 7
NATIONAL ALUMINIUM CO LTD September 26, 2025 TO APPOINT A DIRECTOR IN PLACE OF SHRI PANKAJ KUMAR SHARMA, DIRECTOR (PRODUCTION) (DIN: 10041341), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR RE-APPOINTMENT Director Elections Board AGAINST 7
NATIONAL ALUMINIUM CO LTD September 26, 2025 TO APPOINT SHRI VIVEK KUMAR BAJPAI (DIN: 10717439) AS PART-TIME OFFICIAL DIRECTOR OF THE COMPANY Director Elections Board AGAINST 7
NATIONAL ALUMINIUM CO LTD September 26, 2025 TO RE-APPOINT SHRI PATEL SANJAYKUMAR (DIN: 09545270), AS PART-TIME NON-OFFICIAL (INDEPENDENT) DIRECTOR OF THE COMPANY Director Elections Board AGAINST 7
NCC LTD August 29, 2025 TO APPOINT A DIRECTOR IN PLACE OF SRI J V RANGA RAJU (DIN:00020547) WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT Director Elections Board AGAINST 7
NESTE CORPORATION March 25, 2026 REMUNERATION REPORT Say-on-Pay Board AGAINST 7
NEW FORTRESS ENERGY INC. June 17, 2026 The proposed amendment to the Certificate of Incorporation would provide that holders of Class A common stock will not be entitled to vote on any future amendment that affects only one or more series of preferred stock or other specified classes or series of stock, so long as the impacted class or series already has its own separate voting rights on that amendment whether voting alone or together with other affected classes or series under the Certificate of Incorporation, applicable certificate of designation, or the Delaware General Corporation Law. Capital Structure Board AGAINST 7
NEXTAGE CO.,LTD. February 20, 2026 Appoint a Director Hirota, Seiji Director Elections Board AGAINST 7
NEXTAGE CO.,LTD. February 20, 2026 Appoint a Director Matsui, Tadamitsu Director Elections Board AGAINST 7
NEXTDC LTD November 13, 2025 RE-ELECTION OF MR STEPHEN M SMITH, AS A DIRECTOR Director Elections Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE MEASURED GOALS PLAN FOR ANNUAL GRANT TO BORIS KIPNIS, DIRECTOR AND CTO Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE MEASURED GOALS PLAN FOR ANNUAL GRANT TO CHEN MORDEKHAY GOLAN, CHAIRMAN Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE MEASURED GOALS PLAN FOR ANNUAL GRANT TO MICHAEL GROSMAN, CEO Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE UPDATED EMPLOYMENT TERMS OF BORIS KIPNIS, DIRECTOR AND CTO Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE UPDATED EMPLOYMENT TERMS OF CHEN MORDEKHAY GOLAN, CHAIRMAN Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 APPROVE UPDATED EMPLOYMENT TERMS OF MICHAEL GROSMAN, CEO Compensation Board AGAINST 7
NEXTVISON STABILIZED SYSTEMS, LTD. August 21, 2025 REELECT CHEN MORDEKHAY GOLAN AS DIRECTOR Director Elections Board AGAINST 7
NICKEL INDUSTRIES LIMITED May 26, 2026 RE-ELECTION OF CHRIS SHEPHERD AS A DIRECTOR Director Elections Board AGAINST 7
NINGBO ORIENT WIRES & CABLES CO LTD April 21, 2026 Approve Remuneration of Directors Compensation Board AGAINST 7
NIPRO CORPORATION June 26, 2026 Approve Provision of Retirement Allowance for Retiring Directors Compensation Board AGAINST 7
NISHI-NIPPON RAILROAD CO.,LTD. June 26, 2026 Appoint a Director who is Audit and Supervisory Committee Member Matsuoka, Kyoko Director Elections Board AGAINST 7
NISHI-NIPPON RAILROAD CO.,LTD. June 26, 2026 Appoint a Director who is Audit and Supervisory Committee Member Shibato, Takashige Director Elections Board AGAINST 7
NKARTA, INC. June 10, 2026 DIRECTOR: Ali Behbahani, M.D, MBA Director Elections Board ABSTAIN 7
NORBIT ASA May 20, 2026 APPROVE REMUNERATION OF DIRECTORS IN THE AMOUNT OF NOK 635,000 FOR CHAIR, NOK 415,000 FOR DEPUTY CHAIR AND NOK 330,000 FOR OTHER DIRECTORS; APPROVE COMMITTEE FEES Compensation Board AGAINST 7
NORBIT ASA May 20, 2026 REELECT CHRISTINA HALLIN AS DIRECTOR Director Elections Board AGAINST 7
NORBIT ASA May 20, 2026 REELECT HAKON KAVLI AS DIRECTOR Director Elections Board AGAINST 7
NORDIC AMERICAN TANKERS LIMITED November 21, 2025 Election of Director: James Kelly Director Elections Board AGAINST 7
NORTHEAST COMMUNITY BANCORP, INC. May 21, 2026 DIRECTOR: John F. McKenzie Director Elections Board ABSTAIN 7
NOS SGPS, SA April 22, 2026 Approve Allocation of Income Capital Structure Board ABSTAIN 7
NOS SGPS, SA April 22, 2026 Authorize Repurchase and Reissuance of Repurchased Debt Instruments Capital Structure Board ABSTAIN 7
NOS SGPS, SA April 22, 2026 Authorize Repurchase and Reissuance of Shares Capital Structure Board ABSTAIN 7
NOVO NORDISK A/S November 14, 2025 ELECT MIKAEL DOLSTEN AS NEW DIRECTOR Director Elections Board ABSTAIN 7
NOVO NORDISK A/S March 26, 2026 Approve Remuneration of Directors for 2025 Compensation Board ABSTAIN 7
NVIDIA CORPORATION June 24, 2026 Approval of a non-binding stockholder proposal requesting reporting on greenhouse gas emissions from the use of our sold products. Environment or Climate Shareholder Against FOR 7
OBIC BUSINESS CONSULTANTS CO.,LTD. June 22, 2026 Appoint a Director Noda, Masahiro Director Elections Board AGAINST 7
OBIC BUSINESS CONSULTANTS CO.,LTD. June 22, 2026 Appoint a Director Tachibana, Shoichi Director Elections Board AGAINST 7
OIL REFINERIES LTD January 8, 2026 REELECT ORNA HOZMAN BECHOR AS EXTERNAL DIRECTOR AND APPROVE HER REMUNERATION Director Elections Board AGAINST 7
OIL REFINERIES LTD May 7, 2026 REELECT MOSHE KAPLINSKI PELEG AS DIRECTOR AND APPROVE HIS REMUNERATION Director Elections Board AGAINST 7
OLD MUTUAL LIMITED June 5, 2026 NON-BINDING ADVISORY VOTE ON THE COMPANYS REMUNERATION IMPLEMENTATION REPORT Say-on-Pay Board AGAINST 7
ONDAS INC. May 28, 2026 Election of Directors Richard M. Cohen Director Elections Board WITHHOLD 7

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Built November 7, 2026 from SEC Form N-PX filings.