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Charles Schwab 2025-2026: where it broke with the board

At least 6,004 proposals in the 2025-2026 proxy season: Charles Schwab voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 4 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal Charles Schwab 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

6,004 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.

Charles Schwab, 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 recommendedCharles Schwab votedFunds
China Resources Pharmaceutical Group Limited June 12, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
China Resources Pharmaceutical Group Limited June 12, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Resources Pharmaceutical Group Limited June 12, 2026 Elect BAI Xiaosong Director Elections Board AGAINST 1
China Resources Pharmaceutical Group Limited June 12, 2026 Elect SHI Luwen Director Elections Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Elect David CHAU Shing Yim Director Elections Board AGAINST 1
China Security Co., Ltd. March 31, 2026 General Authorization for the Issuance of Domestic and Overseas Debt Financing Instruments Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Arrangement for the Distribution of Undistributed Profits Before the Issue of A Shares to Specific Entities Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Authority to Issue Debt Financing Instruments Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Conditional Subscription Agreement in Relation to the Subscription of A Shares Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Connected Transactions Involved in the Issue of A Shares to Specific Entities Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 ISSUE METHOD AND PERIOD Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 LOCK-UP PERIOD Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 NUMBER OF SHARES TO BE ISSUED Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 PLACE OF LISTING Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Price Benchmark Date, Issue Price, and Pricing Method Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Proceeds Raised and Use of Proceeds Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Subscribers and Subscription Period Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Type of Shares and Nominal Value Capital Structure Board AGAINST 1
China Southern Airlines Company Limited May 29, 2026 Validity Period Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Amount and Purpose of the Raised Funds Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Arrangement for the Accumulated Retained Profits Before the Issuance Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 CONDITIONAL SHARE SUBSCRIPTION AGREEMENT TO BE SIGNED WITH SPECIFIC PARTIES Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Connected Transactions Involved in the 2025 A-share Offering to Specific Parties Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Demonstration Analysis Report on the Plan for the 2025 A-share Offering to Specific Parties Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Diluted Immediate Return After the A-share Offering to Specific Parties, Filling Measures to Be Taken, and Commitments of Relevant Parties Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 EXEMPTION OF SPECIFIC PARTIES FROM THE TENDER OFFER OBLIGATION Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Feasibility Analysis Report on the Use of Funds to Be Raised From the 2025 A-share Offering to Specific Parties Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Issuing Targets and Subscription Method Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Issuing Volume Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Listing Place Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Lockup Period Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Method and Date of Issuance Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 PREPLAN FOR THE 2025 A-SHARE OFFERING TO SPECIFIC PARTIES Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Pricing Base Date, Issue Price and Pricing Method Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Stock Type and Par Value Capital Structure Board AGAINST 1
China Southern Power Grid Energy Efficiency&Clean Energy Co.,Ltd. November 18, 2025 Valid Period of the Resolution on the Issuance Capital Structure Board AGAINST 1
China Southern Power Grid Technology Co. Ltd. June 30, 2026 2026 Investment Plan Capital Structure Board ABSTAIN 1
China State Construction International Holdings Limited June 12, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
China State Construction International Holdings Limited June 12, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Suntien Green Energy Corporation Limited June 30, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Three Gorges Renewables (Group) Co Ltd January 15, 2026 Elect ZHANG Kunjie Director Elections Board AGAINST 1
China Three Gorges Renewables (Group) Co Ltd May 29, 2026 2025 Supervisors' Remuneration Compensation Board ABSTAIN 1
China Tourism Group Duty Free Corporation Limited November 24, 2025 General Mandate to the Board of Directors to Issue Additional Shares of the Company Capital Structure Board AGAINST 1
China Tourism Group Duty Free Corporation Limited June 26, 2026 General Authority to Issue Additional Shares of the Company Capital Structure Board AGAINST 1
China Traditional Chinese Medicine Co. Limited February 2, 2026 Financial Services (2026-2028) Framework Agreement Extraordinary Transactions Board AGAINST 1
China Traditional Chinese Medicine Holdings Co. Limited June 26, 2026 Elect CHEN Kun Director Elections Board AGAINST 1
China Traditional Chinese Medicine Holdings Co. Limited June 26, 2026 Elect XIE Rong Director Elections Board AGAINST 1
China Travel International Investment Hong Kong Ltd. May 28, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
China Travel International Investment Hong Kong Ltd. May 28, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Travel International Investment Hong Kong Ltd. May 28, 2026 Elect WU Qiang Director Elections Board AGAINST 1
China World Trade Center Co. Ltd. April 28, 2026 Elect RUAN Zhongkui Director Elections Board AGAINST 1
China World Trade Center Co. Ltd. April 28, 2026 Elect YU Yuantang Director Elections Board AGAINST 1
China World Trade Center Co. Ltd. April 28, 2026 Elect ZHAO Ruquan Director Elections Board AGAINST 1
China XD Electric Company Limited May 20, 2026 PROPOSAL ON 2026 COMPREHENSIVE BUDGET PLAN Capital Structure Board ABSTAIN 1
China XD Electric Company Limited May 20, 2026 PROPOSAL ON 2026 INVESTMENT PLAN Capital Structure Board ABSTAIN 1
China Yangtze Power Co. June 23, 2026 Elect LIU Weiping Director Elections Board AGAINST 1
China Yangtze Power Co. June 23, 2026 Elect SUN Zhengyun Director Elections Board AGAINST 1
Chong Kun Dang Pharmaceutical Corp. March 26, 2026 Elect KWON Yu Gyeong Director Elections Board AGAINST 1
Chongqing Afari Technology Co., Ltd. October 15, 2025 2025 EMPLOYEE STOCK OWNERSHIP PLAN (DRAFT) AND ITS SUMMARY Compensation Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Amount and Purpose of the Raised Funds Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Arrangement for the Accumulated Retained Profits Before the Offering to Specific Parties Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Conditional Share Subscription Agreement on the A-share Offering to Specific Parties to Be Signed With the Subscribers Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 DILUTED IMMEDIATE RETURN AFTER THE 2025 A-SHARE OFFERING TO SPECIFIC PARTIES, FILLING MEASURES, AND COMMITMENTS OF RELEVANT PARTIES Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Demonstration Analysis Report on the Plan for the 2025 A-share Offering to Specific Parties Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 EXEMPTION OF A COMPANY FROM THE TENDER OFFER OBLIGATION Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Feasibility Analysis Report on the Use of Funds to Be Raised From the 2025 A-share Offering to Specific Parties Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Issuing Targets and Subscription Method Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Issuing Volume Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Listing Place Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Lockup Period Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Method and Date of Issuance Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 PREPLAN FOR THE 2025 A-SHARE OFFERING TO SPECIFIC PARTIES Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Pricing Base Date and Pricing Principles Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Stock Type and Par Value Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. January 16, 2026 Valid Period of the Resolution on the Share Offering Capital Structure Board AGAINST 1
Chongqing Changan Automobile Co., Ltd. March 19, 2026 Conducting Internal Borrowing Capital Structure Board AGAINST 1
Chongqing Zhifei Biological Products Company June 1, 2026 Reappointment of 2026 Auditor Audit-related Board AGAINST 1
Chow Sang Sang Holdings International May 29, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
Chow Sang Sang Holdings International May 29, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
Chow Sang Sang Holdings International May 29, 2026 Elect LEE Ka Lun Director Elections Board AGAINST 1
Chow Sang Sang Holdings International May 29, 2026 Elect LO King Man Director Elections Board AGAINST 1
Christian Dior SE April 23, 2026 2025 Remuneration of Bernard Arnault, Chair Compensation Board AGAINST 1
Christian Dior SE April 23, 2026 2026 Remuneration Policy (Chair) Compensation Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Grant Stock Options Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Increase Capital in Case of Exchange Offers Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Increase Capital in Consideration for Contributions In Kind Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Issue Performance Shares Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Issue Shares and Convertible Debt w/o Preemptive Rights Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Authority to Issue Shares and Convertible Debt w/o Preemptive Rights (Qualified Investors) Capital Structure Board AGAINST 1
Christian Dior SE April 23, 2026 Elect Antoine Arnault Director Elections Board AGAINST 1
Christian Dior SE April 23, 2026 Elect Bernard Arnault Director Elections Board AGAINST 1
Christian Dior SE April 23, 2026 Elect Maria Luisa Loro Piana Director Elections Board AGAINST 1
Christian Dior SE April 23, 2026 Greenshoe Capital Structure Board AGAINST 1
Chubu Steel Plate Co., Ltd. June 25, 2026 Elect Daigo Kaneko Director Elections Board AGAINST 1
Chubu Steel Plate Co., Ltd. June 25, 2026 Elect Nobutaka Ushigome Director Elections Board AGAINST 1
Cibus Nordic Real Estate AB April 15, 2026 Elect Victoria Skoglund Director Elections Board AGAINST 1
Cimsa Cimento Sanayi ve Ticaret A.S March 30, 2026 Directors' Fees Compensation Board AGAINST 1

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Built November 8, 2026 from SEC Form N-PX filings.