Home › Asset managers › DWS › 2025-2026 › Against the board
At least 6,056 proposals in the 2025-2026 proxy season: DWS voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 56 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal DWS 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
6,056 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.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | DWS voted | Funds |
|---|---|---|---|---|---|---|---|
| Shandong Hi-speed Co., Ltd. | December 15, 2025 | Amend Operating Performance Evaluation and Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 1 | |
| Shandong Hi-speed Co., Ltd. | April 2, 2026 | Approve Issuance of Non-financial Corporate Debt Financing Instrument | Capital Structure | Board | AGAINST | 1 | |
| Shandong Hi-speed Co., Ltd. | April 24, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 1 | |
| Shandong Hi-speed Co., Ltd. | June 23, 2026 | Amend Performance Evaluation and Remuneration Management Measures for Directors and Senior Management Members (Trial) | Compensation | Board | AGAINST | 1 | |
| Shandong Publishing & Media Co., Ltd. | June 5, 2026 | Approve Use of Own Funds for Cash Management | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shandong Sunpaper Co., Ltd. | May 22, 2026 | Approve to Appoint Auditor | Audit-related | Board | AGAINST | 1 | |
| Shandong Sunpaper Co., Ltd. | June 26, 2026 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 1 | |
| Shandong Sunpaper Co., Ltd. | June 26, 2026 | Approve Draft and Summary of Performance Share Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Shandong Sunpaper Co., Ltd. | June 26, 2026 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 1 | |
| Shanghai Aiko Solar Energy Co., Ltd. | May 20, 2026 | Approve Authorization of Relevant Personnel to Handle Capital-Related Business | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Aiko Solar Energy Co., Ltd. | May 20, 2026 | Approve Remuneration of Independent Director | Compensation | Board | AGAINST | 1 | |
| Shanghai Aiko Solar Energy Co., Ltd. | May 20, 2026 | Approve Remuneration of Non-independent Director | Compensation | Board | AGAINST | 1 | |
| Shanghai Chicmax Cosmetic Co., Ltd. | May 8, 2026 | Approve Application to Financial Institutions for Credits and Borrowings and Providing Guarantees | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Electric Power Co., Ltd. | May 28, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 1 | |
| Shanghai Fosun Pharmaceutical (Group) Co., Ltd. | February 27, 2026 | Approve Provision of Assured Entitlements to H Shareholders of the Company Only in Connection with the Spin-off of Fosun Adgenvax for Listing on the Main Board of the Hong Kong Stock Exchange | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shanghai Fudan Microelectronics Group Company Limited | December 2, 2025 | Approve Rules of the Management of Proceeds | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Fudan Microelectronics Group Company Limited | March 16, 2026 | Adopt 2026 A Share Restricted Share Incentive Scheme Assessment Management Measures | Compensation | Board | AGAINST | 1 | |
| Shanghai Fudan Microelectronics Group Company Limited | March 16, 2026 | Adopt 2026 A Share Restricted Share Incentive Scheme and the Proposed Issue of Restricted Shares under the 2026 A Share Restricted Share Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Fudan Microelectronics Group Company Limited | March 16, 2026 | Approve Authorization to the Board to Deal with Matters Relating to the 2026 A Share Restricted Share Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Fudan Microelectronics Group Company Limited | May 22, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional A Shares and/or H Shares | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Henlius Biotech, Inc. | May 19, 2026 | Approve Grant to the Board an Unconditional General Mandate to Issue, Allot and Deal with Additional Shares | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Industrial Holdings Limited | May 21, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Industrial Holdings Limited | May 21, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Shanghai International Port (Group) Co., Ltd. | June 12, 2026 | Approve Appointment of Auditor | Audit-related | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | September 29, 2025 | Approve 2025 A Share Option Incentive Scheme (Draft) and Its Summary and Grant A Share Options to Xiong Jun | Compensation | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | September 29, 2025 | Approve 2025 H Share Option Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | September 29, 2025 | Approve Assessment Management Measures for the Implementation of the 2025 A Share Option Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | September 29, 2025 | Authorize Board of Directors and/or the Scheme Administrator to Handle Matters in Relation to the 2025 H Share Option Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | September 29, 2025 | Authorize Board of Directors to Handle Matters in Relation to the 2025 A Share Option Incentive Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | June 26, 2026 | Approve Estimated External Guarantee Quota | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | June 26, 2026 | Approve Grant of General Mandate to Issue Domestic and/or Overseas Debt Financing Instruments | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | June 26, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional A Shares and/or H Shares | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Junshi Biosciences Co., Ltd. | June 26, 2026 | Approve RSM China (Special General Partnership) as PRC Financial Report Auditors and Internal Control Auditors and Deloitte Touche Tohmatsu as Hong Kong Financial Report Auditors | Audit-related | Board | AGAINST | 1 | |
| Shanghai Lingang Holdings Corp., Ltd. | June 3, 2026 | Approve Financing Application | Capital Structure | Board | AGAINST | 1 | |
| Shanghai M&G Stationery, Inc. | April 23, 2026 | Approve Use of Idle Own Funds to Invest in Financial Products | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shanghai MicroPort MedBot (Group) Co., Ltd. | June 5, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights and Authorize Board to Amend Articles of Association to Reflect the New Capital Structure | Capital Structure | Board | AGAINST | 1 | |
| Shanghai MicroPort MedBot (Group) Co., Ltd. | June 5, 2026 | Approve Service Provider Participant Sublimit under the Share Scheme | Compensation | Board | AGAINST | 1 | |
| Shanghai MicroPort MedBot (Group) Co., Ltd. | June 5, 2026 | Approve Share Scheme, Scheme Mandate Limit and Related Transactions | Compensation | Board | AGAINST | 1 | |
| Shanghai Rural Commercial Bank Co., Ltd. | March 31, 2026 | Elect Chen Haozhi as Non-independent Director | Director Elections | Board | AGAINST | 1 | |
| Shanghai Stonehill Technology Co., Ltd. | May 20, 2026 | Approve Use of Funds to Purchase Financial Products | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shanghai Yuyuan Tourist Mart Group Co., Ltd. | April 20, 2026 | Approve Authorization for Total Investment in Real Estate Business With Multiple Functions | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shanghai Yuyuan Tourist Mart Group Co., Ltd. | April 20, 2026 | Approve Loan and Guarantee | Capital Structure | Board | AGAINST | 1 | |
| Shanghai Yuyuan Tourist Mart Group Co., Ltd. | April 20, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 1 | |
| Shanghai Zhonggu Logistics Co., Ltd. | May 13, 2026 | Approve Use of Own Funds for Short-term Entrusted Financial Management | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shangri-La Asia Limited | May 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Shangri-La Asia Limited | May 29, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Shangri-La Asia Limited | May 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Shannon Semiconductor Technology Co. Ltd. | April 7, 2026 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 1 | |
| Shannon Semiconductor Technology Co. Ltd. | May 28, 2026 | Approve Authorization of the Company Management to Dispose of External Investment | Extraordinary Transactions | Board | AGAINST | 1 | |
| Shanxi Lu'An Environmental Energy Development Co., Ltd. | May 20, 2026 | Approve Provision of Financial Assistance | Capital Structure | Board | AGAINST | 1 | |
| Shanxi Meijin Energy Co., Ltd. | February 3, 2026 | Approve Provision of Guarantee to Controlled Subsidiary | Capital Structure | Board | AGAINST | 1 | |
| Sharetronic Data Technology Co. Ltd. | November 6, 2025 | Approve Comprehensive Credit Lines Application from Banks and Other Financial and Non-financial Institutions and Related Guarantees | Capital Structure | Board | AGAINST | 1 | |
| Sharetronic Data Technology Co. Ltd. | January 5, 2026 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 1 | |
| Sharetronic Data Technology Co. Ltd. | March 2, 2026 | Approve New Credit Line Application and Related Guarantees | Capital Structure | Board | AGAINST | 1 | |
| Shattuck Labs, Inc. | July 10, 2025 | To elect the three Class II director nominees to serve until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Neil Gibson, Ph.D. | Director Elections | Board | WITHHOLD | 1 | |
| Under Armour, Inc. | September 3, 2025 | To vote on a stockholder proposal, if properly presented at the Annual Meeting. | Environment or Climate | Shareholder | Against | FOR | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.