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Morgan Stanley 2025-2026: where it broke with the board

At least 6,086 proposals in the 2025-2026 proxy season: Morgan Stanley voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 86 shareholder proposals, by its own Form N-PX filings.

Two kinds of vote are listed: a board-sponsored proposal Morgan Stanley 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

6,086 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.

Morgan Stanley, 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 recommendedMorgan Stanley votedFunds
Chifeng Jilong Gold Mining Co., Ltd. May 8, 2026 Approve General Mandate to Issue A Shares and/or H Shares Capital Structure Board AGAINST 1
Chifeng Jilong Gold Mining Co., Ltd. May 8, 2026 Approve General Mandate to Issue Debt Financing Instruments Capital Structure Board AGAINST 1
Chifeng Jilong Gold Mining Co., Ltd. May 8, 2026 Approve Plan of Guarantees Capital Structure Board AGAINST 1
China CITIC Financial Asset Management Co., Ltd. May 29, 2026 Approve BDO China Shu Lun Pan Certified Public Accountants LLP and BDO Limited as Domestic and Overseas Auditors, Respectively and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China CITIC Financial Asset Management Co., Ltd. May 29, 2026 Approve General Mandate Granted to the Board to Issue Additional Shares Capital Structure Board AGAINST 1
China Coal Energy Company Limited June 26, 2026 Approve Ernst & Young Hua Ming LLP and Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Eastern Airlines Corporation Limited May 28, 2026 Approve Appointment of PRC Domestic and International Auditors for Financial Reporting and Auditors for Internal Control Audit-related Board AGAINST 1
China Eastern Airlines Corporation Limited May 28, 2026 Approve Grant of General Mandate to Issue Shares Capital Structure Board AGAINST 1
China Eastern Airlines Corporation Limited May 28, 2026 Approve Grant of General Mandate to the Board of Directors to Issue Bonds Capital Structure Board AGAINST 1
China Energy Engineering Corporation Limited June 26, 2026 Approve External Guarantees Plan Capital Structure Board AGAINST 1
China Feihe Limited June 5, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Feihe Limited June 5, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Elect Chen Yanyan as Director Director Elections Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Elect Mao Erwan as Director Director Elections Board AGAINST 1
China Gas Holdings Limited August 21, 2025 Elect Zhou Xueyan as Director Director Elections Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Adopt 2026 Share Award Scheme Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Grant of Award Shares to Huang Yong Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Grant of Award Shares to Liu Chang Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Grant of Award Shares to Liu Ming Hui Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Grant of Award Shares to Liu Mingxing Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Grant of Award Shares to Zhu Weiwei Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Scheme Mandate Limit Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Approve Service Provider Sub-limit Compensation Board AGAINST 1
China Gas Holdings Limited June 24, 2026 Authorize Any Director to Handle All Matters in Relation to the Director Conditional Grants Compensation Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Approve the Issuance of Up to 20 Percent of the Company's Issued Capital Capital Structure Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Chenguang Hou Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Na Tian Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Wanming Wang Director Elections Board WITHHOLD 1
China Gold International Resources Corp. Ltd. June 29, 2026 Elect Director Yuanhui Fu Director Elections Board WITHHOLD 1
China Jushi Co. Ltd. April 15, 2026 Approve Authorization of Financial Derivatives Amount Capital Structure Board AGAINST 1
China Jushi Co. Ltd. April 15, 2026 Approve Authorization of Guarantee Amount Capital Structure Board AGAINST 1
China Jushi Co. Ltd. May 29, 2026 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 1
China Jushi Co. Ltd. May 29, 2026 Approve Revised Draft and Summary of Performance Share Incentive Plan (Revised) Compensation Board AGAINST 1
China Jushi Co. Ltd. May 29, 2026 Approve to Formulate the Implementation and Assessment Management Measures for the Performance Share Incentive Plan Compensation Board AGAINST 1
China Jushi Co. Ltd. May 29, 2026 Approve to Formulate the Management Measures for the Performance Share Incentive Plan Compensation Board AGAINST 1
China Literature Limited June 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Literature Limited June 2, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Literature Limited June 2, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Longyuan Power Group Corporation Limited April 29, 2026 Approve Grant of General Mandate to the Board of Directors to Issue Shares Capital Structure Board AGAINST 1
China Medical System Holdings Limited April 23, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Medical System Holdings Limited April 23, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Medical System Holdings Limited April 23, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Merchants Energy Shipping Co., Ltd. May 14, 2026 Approve Authorization on Provision of Guarantee for Subsidiaries Capital Structure Board AGAINST 1
China Merchants Energy Shipping Co., Ltd. May 14, 2026 Approve Increase in the Investment Quota for Shares Extraordinary Transactions Board AGAINST 1
China Merchants Expressway Network Technology Hlds Co., Ltd. July 31, 2025 Approve Issuance of Debt Financing Instruments Capital Structure Board AGAINST 1
China Merchants Port Holdings Company Limited June 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Merchants Port Holdings Company Limited June 2, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Merchants Securities Co., Ltd. June 26, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional Shares Capital Structure Board AGAINST 1
China Merchants Shekou Industrial Zone Holdings Co., Ltd. June 9, 2026 Approve Provision of Guarantees to Controlled Subsidiaries Capital Structure Board AGAINST 1
China Merchants Shekou Industrial Zone Holdings Co., Ltd. June 9, 2026 Approve Use of Idle Own Funds for Entrusted Financial Management Extraordinary Transactions Board AGAINST 1
China National Building Material Company Limited April 29, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional Domestic Shares and H Shares and Authorize Board to Amend Articles of Association to Reflect the New Share Capital Structure Capital Structure Board AGAINST 1
China National Building Material Company Limited April 29, 2026 Approve Registration and Issuance of Debt Financing Instruments and Related Transactions Capital Structure Board AGAINST 1
China National Building Material Company Limited April 29, 2026 Authorize Reissuance of Repurchased H Shares Capital Structure Board AGAINST 1
China National Chemical Engineering Co., Ltd. June 29, 2026 Approve Formulation of the Remuneration Management Measures for Directors and Senior Management Members Compensation Board AGAINST 1
China National Chemical Engineering Co., Ltd. June 29, 2026 Approve Guarantee Plan Capital Structure Board AGAINST 1
China National Nuclear Power Co., Ltd. May 21, 2026 Approve Proposal Regarding Unified Company Registration and Issuance of Debt Financing Instruments Capital Structure Board AGAINST 1
China National Software & Service Co., Ltd. May 14, 2026 Approve 2026 Remuneration of Directors Compensation Board AGAINST 1
China Nonferrous Mining Corporation Limited June 25, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Nonferrous Mining Corporation Limited June 25, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Oilfield Services Limited May 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Overseas-Listed Foreign Invested Shares (H Shares) Capital Structure Board AGAINST 1
China Overseas Land & Investment Ltd. June 24, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Pacific Insurance (Group) Co., Ltd. June 10, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Petroleum & Chemical Corp. May 13, 2026 Approve Grant of General Mandate to the Board to Issue New Domestic Shares and/or Overseas-Listed Foreign Shares Capital Structure Board AGAINST 1
China Power International Development Limited June 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Power International Development Limited June 8, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Railway Group Limited June 29, 2026 Approve Budget for External Guarantee Capital Structure Board AGAINST 1
China Railway Group Limited June 29, 2026 Approve Deloitte Touche Tohmatsu as International Auditor and Deloitte Touche Tohmatsu Certified Public Accountants LLP as Domestic Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Beer (Holdings) Company Limited May 20, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Beer (Holdings) Company Limited May 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Resources Beer (Holdings) Company Limited May 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Resources Gas Group Limited May 28, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Resources Land Limited June 9, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Land Limited June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Resources Land Limited June 9, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Resources Mixc Lifestyle Services Limited June 8, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
China Resources Mixc Lifestyle Services Limited June 8, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
China Resources Power Holdings Company Limited June 5, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Resources Power Holdings Company Limited June 5, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Resources Power Holdings Company Limited June 5, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Resources Power Holdings Company Limited June 5, 2026 Elect Song Kui as Director Director Elections Board AGAINST 1
China Resources Sanjiu Medical & Pharmaceutical Co., Ltd. October 9, 2025 Approve Purchase Bank Wealth Management Products Extraordinary Transactions Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
China Ruyi Holdings Limited June 22, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
China Shenhua Energy Company Limited January 23, 2026 Approve Adjustments to the Proposal in Respect of the Transaction and the Proposed Issuance of A Shares Not Constituting Material Adjustments Extraordinary Transactions Board AGAINST 1
China Shenhua Energy Company Limited January 23, 2026 Approve Circumstances Regarding the Dilution of Immediate Return Arising from the Transaction and the Remedial Measures Extraordinary Transactions Board AGAINST 1
China Shenhua Energy Company Limited January 23, 2026 Approve Circumstances of the Company's Purchase and Sale of Assets within 12 Months Prior to the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 1
China Shenhua Energy Company Limited January 23, 2026 Approve Confidentiality Measures and Confidentiality Procedures Adopted in Connection with the Transaction and the Proposed Issuance of A Shares Extraordinary Transactions Board AGAINST 1
China Shenhua Energy Company Limited January 23, 2026 Approve Confirmation that None of Relevant Parties to Transaction and Proposed Issuance of A Shares Falls Under Article 12 of Regulatory Guidelines for Listed Companies No. 7 that Prohibit Participation in Major Asset Restructuring of a Listed Company Extraordinary Transactions Board AGAINST 1
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

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