Home › Asset managers › Lincoln Financial › 2025-2026 › Against the board
At least 6,069 proposals in the 2025-2026 proxy season: Lincoln Financial voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 69 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Lincoln Financial 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
6,069 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 | Lincoln Financial voted | Funds |
|---|---|---|---|---|---|---|---|
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Confirmation that the Company does not Fall within the Circumstance Under Article 11 of the Administrative Measures for the Registration of Securities Offerings of Listed Companies that would Prohibit the Issuance of Shares to Specific Targets | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Execution of Conditional Agreements with the Counterparties to the Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Explanation Regarding the Completeness and Compliance of the Statutory Procedures Performed for the Transaction and the Proposed Issuance of A Shares and the Validity of the Legal Documents Submitted | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Independence of the Valuation Institutions, Reasonableness of the Valuation Assumptions, Relevance of the Valuation Methodologies to the Valuation Purposes, and Fairness of the Valuation Pricing | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Overall Proposal of the Transaction and the Proposed Issuance of A Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Performance Commitment and Compensation Arrangements | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Price Movement of the Company's Shares Prior to the Information Disclosure in Relation to the Transaction and the Proposed Issuance of A Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Arrangements for Accumulated Undistributed Profits | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Issue Method, Target Subscribers and Subscription Method | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Lock-up Period | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Number of Shares to be Issued | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Pricing Basis, Pricing Benchmark Date and Issuance Price for Shares to be Issued | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Type, Par Value and Listing Venue of Shares to be Issued | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Proposed Issuance of A Shares - Use of Proceeds to be Raised | Capital Structure | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Report (Draft) of China Shenhua on the Purchase of Assets Through the Issuance of Shares and Cash Payment, the Raising of Supporting Funds, and the Related Transaction and Its Summary | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Review Reports, Audit Reports and Asset Valuation Reports Relating to the Transaction and the Proposed Issuance of A Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Arrangements for Accumulated Undistributed Profits | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Attribution of Profits and Losses for the Transition Period | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Counterparties | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Issuance Price and Pricing Basis | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Issue Method | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Lock-up Period | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Number of Shares to be Issued | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Target Assets | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Target Subscriber and Subscription Method | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Transaction Price and Payment Method | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction - Type, Par Value and Listing Venue of Shares to be Issued | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction and Proposed Issuance of A Shares Complying with the Relevant Laws and Regulations | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction and the Proposed Issuance of A Shares Complying with Articles 11, 43 and 44 of the Administrative Measures for the Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction and the Proposed Issuance of A Shares Constituting Related Transaction | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction and the Proposed Issuance of A Shares Not Constituting Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Transaction and the Proposed Issuance of A Shares Not Constituting Reorganization and Listing | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Approve Validity Period of the Resolutions | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | January 23, 2026 | Authorize Board and Its Authorized Persons to Handle All Matters in Relation to the Transaction and the Proposed Issuance of A Shares | Extraordinary Transactions | Board | AGAINST | 1 | |
| China Shenhua Energy Company Limited | June 26, 2026 | Approve Grant of General Mandate to Issue Shares to the Board and Authorized Persons of the Board | Capital Structure | Board | AGAINST | 1 | |
| China Southern Airlines Company Limited | December 12, 2025 | Approve Provision of Guarantees by Xiamen Airlines Company Limited | Capital Structure | Board | AGAINST | 1 | |
| China Southern Airlines Company Limited | May 29, 2026 | Authorize Board of Directors to Issue Shares Under the General Mandate | Capital Structure | Board | AGAINST | 1 | |
| China Southern Airlines Company Limited | May 29, 2026 | Authorize Board of Directors to Issue the Debt Financing Instruments Under the General Mandate | Capital Structure | Board | AGAINST | 1 | |
| China State Construction Engineering Corp. Ltd. | December 12, 2025 | Amend Allowances and Subsidies Management System for Directors and Supervisors | Compensation | Board | AGAINST | 1 | |
| China State Construction Engineering Corp. Ltd. | May 19, 2026 | Approve Bond Issuance Limit | Capital Structure | Board | AGAINST | 1 | |
| China State Construction Engineering Corp. Ltd. | May 19, 2026 | Approve Increase in Provision of Guarantee | Capital Structure | Board | AGAINST | 1 | |
| China State Construction International Holdings Limited | June 12, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| China State Construction International Holdings Limited | June 12, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| China Three Gorges Renewables (Group) Co., Ltd. | May 29, 2026 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 1 | |
| China Tourism Group Duty Free Corporation Limited | November 24, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| China Tourism Group Duty Free Corporation Limited | June 26, 2026 | Approve Ernst & Young Hua Ming LLP as Domestic Financial Reporting Auditors and Internal Control Auditor and Ernst & Young as International Financial Reporting Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| China Tourism Group Duty Free Corporation Limited | June 26, 2026 | Approve Grant of General Mandate to the Board of Directors to Issue Additional Shares | Capital Structure | Board | AGAINST | 1 | |
| China Tourism Group Duty Free Corporation Limited | June 26, 2026 | Elect Wang Qiang as Director | Director Elections | Board | AGAINST | 1 | |
| China Tower Corporation Limited | May 15, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Domestic Shares and H Shares and Authorize Board to Increase the Registered Capital and Amend Articles of Association | Capital Structure | Board | AGAINST | 1 | |
| China United Network Communications Ltd. | May 25, 2026 | Approve Authorization of Board to Allot, Issue and Handle Additional Shares | Capital Structure | Board | AGAINST | 1 | |
| China Yangtze Power Co., Ltd. | May 21, 2026 | Approve Appointment of Internal Control Auditor | Compensation | Board | AGAINST | 1 | |
| China Zheshang Bank Co., Ltd. | September 25, 2025 | Approve Issuance of Capital Bonds and Related Authorization | Capital Structure | Board | AGAINST | 1 | |
| Chinese Estates Holdings Limited | May 22, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Chinese Estates Holdings Limited | May 22, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Chocoladefabriken Lindt & Spruengli AG | April 16, 2026 | Ratify PricewaterhouseCoopers AG as Auditors | Audit-related | Board | AGAINST | 1 | |
| Chocoladefabriken Lindt & Spruengli AG | April 16, 2026 | Reelect Dieter Weisskopf as Director | Director Elections | Board | AGAINST | 1 | |
| Choice Hotels International, Inc. | May 21, 2026 | Election of Directors: William L. Jews | Director Elections | Board | AGAINST | 1 | |
| ChoiceOne Financial Services, Inc. | May 20, 2026 | Election of Directors: Bruce John Essex, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| ChoiceOne Financial Services, Inc. | May 20, 2026 | Election of Directors: Keith D. Brophy | Director Elections | Board | WITHHOLD | 1 | |
| ChoiceOne Financial Services, Inc. | May 20, 2026 | Election of Directors: Michael J. Burke, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| ChoiceOne Financial Services, Inc. | May 20, 2026 | Election of Directors: Michelle M. Wendling | Director Elections | Board | WITHHOLD | 1 | |
| ChoiceOne Financial Services, Inc. | May 20, 2026 | Election of Directors: Steven T. Krause | Director Elections | Board | WITHHOLD | 1 | |
| Cholamandalam Investment and finance Company Limited | July 31, 2025 | Approve Borrowing Powers and Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 1 | |
| Chongqing Rural Commercial Bank Co., Ltd. | May 28, 2026 | Approve KPMG Huazhen LLP and KPMG as Accounting Firms and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 1 | |
| Chongqing Zhifei Biological Products Co., Ltd. | June 1, 2026 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 1 | |
| Chori Co., Ltd. | June 18, 2026 | Elect Director Sakoda, Tatsuyuki | Director Elections | Board | AGAINST | 1 | |
| Chow Sang Sang Holdings International Limited | May 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Chow Sang Sang Holdings International Limited | May 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Chow Tai Fook Jewellery Group Limited | July 23, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| Chubb Limited | May 21, 2026 | Election of the Board of Directors: David H. Sidwell | Director Elections | Board | AGAINST | 1 | |
| Chubb Limited | May 21, 2026 | Election of the Compensation Committee of the Board of Directors: David H. Sidwell | Director Elections | Board | AGAINST | 1 | |
| Chubu Electric Power Co., Inc. | June 25, 2026 | Elect Director and Audit Committee Member Furuta, Shinji | Director Elections | Board | AGAINST | 1 | |
| Cicor Technologies Ltd. | April 15, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 1 | |
| Cicor Technologies Ltd. | April 15, 2026 | Approve Remuneration of Directors in the Amount of CHF 900,000 | Compensation | Board | AGAINST | 1 | |
| Cicor Technologies Ltd. | April 15, 2026 | Approve Remuneration of Executive Committee in the Amount of CHF 6.5 Million | Compensation | Board | AGAINST | 1 | |
| Cicor Technologies Ltd. | April 15, 2026 | Ratify KPMG AG as Auditors | Audit-related | Board | AGAINST | 1 | |
| Ciena Corporation | March 26, 2026 | Advisory vote on our named executive officer compensation, as described in the proxy materials. | Say-on-Pay | Board | AGAINST | 1 | |
| Ciena Corporation | March 26, 2026 | Election of three Class II Directors: Joanne B. Olsen | Director Elections | Board | AGAINST | 1 | |
| Cimpress plc | December 17, 2025 | Advisory Vote to Ratify Named Executive Officers' Compensation | Say-on-Pay | Board | AGAINST | 1 | |
| Cincinnati Financial Corporation | May 2, 2026 | Election of Directors: Douglas S. Skidmore | Director Elections | Board | AGAINST | 1 | |
| Cinemark Holdings, Inc. | May 14, 2026 | Election of Class I directors, each for a term that expires in 2029: Enrique Senior | Director Elections | Board | WITHHOLD | 1 | |
| Cinemark Holdings, Inc. | May 14, 2026 | Election of Class I directors, each for a term that expires in 2029: Nancy Loewe | Director Elections | Board | WITHHOLD | 1 | |
| Cinemark Holdings, Inc. | May 14, 2026 | Election of Class I directors, each for a term that expires in 2029: Nina Vaca | Director Elections | Board | WITHHOLD | 1 | |
| Cinemark Holdings, Inc. | May 14, 2026 | Election of Class I directors, each for a term that expires in 2029: Steven Rosenberg | Director Elections | Board | WITHHOLD | 1 | |
| Cineverse Corp. | November 20, 2025 | To approve an amendment to the Company's 2017 Equity Incentive Plan to increase the total number of shares of Class A Common Stock available for issuance thereunder. | Compensation | Board | AGAINST | 1 | |
| Cineverse Corp. | November 20, 2025 | To approve, by non-binding advisory vote, executive compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Cipher Digital Inc. | June 2, 2026 | Election of Directors: Wesley Williams | Director Elections | Board | WITHHOLD | 1 | |
| Cipla Limited | March 25, 2026 | Reelect Prathivadibhayankara Rajagopalan Ramesh as Director | Director Elections | Board | AGAINST | 1 | |
| Cirrus Logic, Inc. | July 29, 2025 | Election of Directors: David J. Tupman | Director Elections | Board | WITHHOLD | 1 | |
| Cisco Systems, Inc. | December 16, 2025 | Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending July 25, 2026 | Audit-related | Board (inferred) | AGAINST | 1 | |
| Citigroup Inc. | May 20, 2026 | Advisory Vote to Ratify Named Executive Officers' Compensation | Say-on-Pay | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Amend Omnibus Stock Plan | Compensation | Board | AGAINST | 1 | |
| Citigroup Inc. | May 20, 2026 | Amend Omnibus Stock Plan | Compensation | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Casper W. von Koskull | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Diana L. Taylor | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Duncan P. Hennes | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Ellen M. Costello | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Gary M. Reiner | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director Grace E. Dailey | Director Elections | Board (inferred) | ABSTAIN | 1 | |
| Citigroup Inc. | May 20, 2026 | Elect Director James S. Turley | Director Elections | Board (inferred) | ABSTAIN | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.