Home › Asset managers › Northern Trust › 2024-2025 › Against the board
At least 6,154 proposals in the 2024-2025 proxy season: Northern Trust voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 154 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Northern Trust 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
6,154 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 | Northern Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| Lenovo Group Limited | July 18, 2024 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Lenovo Group Limited | July 18, 2024 | Elect Cher Wang Hsiueh Hong as Director | Director Elections | Board | AGAINST | 2 | |
| Lenovo Group Limited | July 18, 2024 | Elect Gordon Robert Halyburton Orr as Director | Director Elections | Board | AGAINST | 2 | |
| Lenovo Group Limited | July 18, 2024 | Elect Xue Lan as Director | Director Elections | Board | AGAINST | 2 | |
| Lenovo Group Limited | July 18, 2024 | Elect Zhao John Huan as Director | Director Elections | Board | AGAINST | 2 | |
| Leopalace21 Corp. | June 26, 2025 | Elect Director Miyao, Bunya | Director Elections | Board | AGAINST | 2 | |
| Li Auto Inc. | May 30, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Li Auto Inc. | May 30, 2025 | Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Li Auto Inc. | May 30, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Li Auto Inc. | May 30, 2025 | Elect Director Li Xiang | Director Elections | Board | AGAINST | 2 | |
| Lineage, Inc. | June 18, 2025 | Election of Directors: Adam Forste | Director Elections | Board | AGAINST | 2 | |
| Lineage, Inc. | June 18, 2025 | Election of Directors: Kevin Marchetti | Director Elections | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Authorization of Board to Handle All Matters Related to the Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Authorization of Board to Handle All Matters Related to the Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Revised Draft and Summary of Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | August 14, 2024 | Approve Stock Option Incentive Plan Implementation Assessment Management Measures (Revised Draft) | Compensation | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | December 23, 2024 | Approve Guarantee Matters | Capital Structure | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | December 23, 2024 | Approve Use of Funds for Entrusted Asset Management | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Attribution of Profit and Loss During the Transition Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Authorization of the Board to Handle All Related Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Basis and Fairness of Pricing for This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Bond Maturity | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Company's Eligibility for Acquisition by Cash and Issuance of Convertible Bonds as well as Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Completeness and Compliance of Implementation of Legal Proceedings of the Transactions and Validity of the Submitted Legal Documents Regarding This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Conditional Agreement on Issuance of Convertible Corporate Bonds and Payment of Cash for Asset Acquisition | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Conditional Mandatory Share Conversion | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Conditional Performance Commitment and Compensation Agreement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Confidentiality Measures and Confidentiality System Adopted | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Conversion Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Distribution Arrangement of Undistributed Earnings | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Dividend Distribution Post Conversion | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Draft and Summary of Acquisition by Cash and Issuance of Convertible Bonds as well as Raising Supporting Fund | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Entrusted Management Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Guarantee and Rating Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Impairment Testing Compensation | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Purpose and Approach as Well as the Fairness of Pricing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Interest Rate and Repayment of Capital and Interest | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Issue Manner and Target Subscribers | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Issue Scale and Issue Amount | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Issue Size | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Issue Type, Par Value and Listing Exchange | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Liability for Breach of Contract and Dispute Resolution Mechanism | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Lock-Up Period Arrangement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Matters Relating to Meetings of Bondholders | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Number of Shares Converted | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Overall Transaction Plan | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Performance Commitment | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Performance Compensation Arrangement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Pricing Reference Date, Pricing Basis and Conversion Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Pricing Reference Date, Pricing Basis and Issue Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Purchase and Sale of Assets Within 12 Months Prior to This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Redemption | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Relevant Audit Reports, Review Report and Evaluation Report of This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Relevant Parties Does Not Have Conditions Prescribed in Article 12 of Regulatory Guidelines for Listed Companies No. 7 and Article 13 of Shenzhen Stock Exchange Listed Company Self-regulatory Guidelines No. 8 | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Resolution Validity Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Rules and Procedures Regarding General Meetings of Convertible Bondholders | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Source of Convertible Shares | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Stock Price Fluctuations Before the Announcement of This Transaction Information | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Target Asset and Transaction Parties | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Target Subscribers | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Terms for Upward Adjustment of Conversion Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Complies with Article 4 of Regulatory Guidelines for Listed Companies No. 9 | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Complies with Article 4 of Rules for Listed Companies to Issue Convertible Bonds to Specific Targets for Asset Acquisition | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Complies with Articles 11 and 43 of Measures for the Administration of Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Complies with Articles 11, 13 and 14 of Measures for the Administration of Registration of Securities Issuance by Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Does Not Constitute as Major Asset Restructuring or Restructuring for Listing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Does Not Constitute as Related-Party Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Method and Consideration Payment | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Transaction Price and Pricing Basis | Extraordinary Transactions | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Usage of Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Lingyi iTech (Guangdong) Co. | May 9, 2025 | Approve Whether This Transaction Involves Direct or Indirect Paid Employment of Other Third-party Institutions or Individuals | Extraordinary Transactions | Board | AGAINST | 2 | |
| Live Nation Entertainment, Inc. | June 12, 2025 | To hold an advisory vote on the company's executive compensation; | Say-on-Pay | Board | AGAINST | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Approve Classification of Independent Directors | Director Elections | Board | AGAINST | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Andre Sapoznik as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Artur Noemio Grynbaum as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Eugenio Pacelli Mattar as Board Chair | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Luis Fernando Memoria Porto as Board Vice-Chair | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Maria Leticia de Freitas Costa as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Paula Magalhaes Cardoso Neves as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Localiza Rent A Car SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Paulo Antunes Veras as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Logista Integral SA | February 5, 2025 | Ratify Appointment of and Elect Celso Marciniuk as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Cressida Hogg as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Dominic Blakemore as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Don Robert as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Kathleen DeRose as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Martin Brand as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Tsega Gebreyes as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect Val Rahmani as Director | Director Elections | Board | AGAINST | 2 | |
| London Stock Exchange Group plc | May 1, 2025 | Re-elect William Vereker as Director | Director Elections | Board | AGAINST | 2 | |
| Lotte Chemical Corp. | March 25, 2025 | Elect Shin Dong-bin as Inside Director | Director Elections | Board | AGAINST | 2 | |
| Lundin Gold Inc. | May 9, 2025 | Elect Director Ian W. Gibbs | Director Elections | Board | AGAINST | 2 | |
| Lundin Mining Corporation | May 8, 2025 | Elect Director Maria Olivia Recart | Director Elections | Board | AGAINST | 2 | |
| Luxshare Precision Industry Co. Ltd. | May 13, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Luxshare Precision Industry Co. Ltd. | May 13, 2025 | Approve Draft and Summary on Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Luxshare Precision Industry Co. Ltd. | May 13, 2025 | Approve Formulation of the Stock Option Incentive Plan Implementation Assessment Management Measures | Compensation | Board | AGAINST | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.