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 |
|---|---|---|---|---|---|---|---|
| OFFICE PROPERTIES INCOME TRUST | June 12, 2025 | Advisory vote to approve executive compensation. | Say-on-Pay | Board | AGAINST | 2 | |
| OMRON Corp. | June 24, 2025 | Elect Director Tsujinaga, Junta | Director Elections | Board | AGAINST | 2 | |
| OMRON Corp. | June 24, 2025 | Elect Director Yamada, Yoshihito | Director Elections | Board | AGAINST | 2 | |
| ORION Corp. (Korea) | March 26, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 2 | |
| ORION Corp. (Korea) | March 26, 2025 | Elect Noh Seung-gwon as Outside Director to serve as a Member of Audit Committee | Director Elections | Board | AGAINST | 2 | |
| ORLEN SPOLKA AKCYJNA | June 5, 2025 | CONSIDERATION OF AND VOTING ON A RESOLUTION TO ENDORSE THE SUPERVISORY BOARDS REPORT ON REMUNERATION OF MEMBERS OF THE MANAGEMENT BOARD AND THE SUPERVISORY BOARD FOR 2024 | Say-on-Pay | Board | AGAINST | 2 | |
| Oil India Limited | September 14, 2024 | Elect Saloma Yomdo as Director (Exploration & Development) | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 14, 2024 | Reelect Ashok Das as Director | Director Elections | Board | AGAINST | 2 | |
| Oil-Dri Corporation of America | December 11, 2024 | Election of Directors: Michael A. Nemeroff | Director Elections | Board | WITHHOLD | 2 | |
| Olympus Corp. | June 26, 2025 | Elect Director Bob White | Director Elections | Board | AGAINST | 2 | |
| Olympus Corp. | June 26, 2025 | Elect Director Takeuchi, Yasuo | Director Elections | Board | AGAINST | 2 | |
| OmniAb, Inc. | June 17, 2025 | Election of Directors: John Higgins | Director Elections | Board | WITHHOLD | 2 | |
| OneSpan Inc. | June 6, 2025 | To elect seven directors to serve on the Board of Directors: Michael McConnell | Director Elections | Board | AGAINST | 2 | |
| Open Text Corporation | September 12, 2024 | Advisory Vote on Executive Compensation Approach | Compensation | Board | AGAINST | 2 | |
| Open Text Corporation | September 12, 2024 | Elect Director Ann M. Powell | Director Elections | Board | AGAINST | 2 | |
| Open Text Corporation | September 12, 2024 | Elect Director David Fraser | Director Elections | Board | AGAINST | 2 | |
| Open Text Corporation | September 12, 2024 | Elect Director Deborah Weinstein | Director Elections | Board | AGAINST | 2 | |
| Open Text Corporation | September 12, 2024 | Elect Director Randy Fowlie | Director Elections | Board | AGAINST | 2 | |
| Oracle Corporation | November 14, 2024 | Advisory Vote to Approve the Compensation of our Named Executive Officers | Say-on-Pay | Board | AGAINST | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Bruce R. Chizen | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Jeffrey S. Berg | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: Leon E. Panetta | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 14, 2024 | Election of Directors: William G. Parrett | Director Elections | Board | WITHHOLD | 2 | |
| Orchestra Biomed Holdings, Inc. | June 24, 2025 | Election of Class II Directors: David Pacitti | Director Elections | Board | WITHHOLD | 2 | |
| Orica Limited | December 17, 2024 | Elect Denise Gibson as Director | Director Elections | Board | AGAINST | 2 | |
| Orient Securities Co., Ltd. | November 22, 2024 | Elect Wu Hong as Director | Director Elections | Board | AGAINST | 2 | |
| Orion Oyj | April 3, 2025 | Reelect Kari Jussi Aho, Maziar Mike Doustdar, Ari Lehtoranta, Veli-Matti Mattila (Chair), Hilpi Rautelin, Eija Ronkainen, Henrik Stenqvist and Karen Lykke Sorensen as Directors | Director Elections | Board | AGAINST | 2 | |
| Orkla ASA | April 24, 2025 | Reelect Stein Erik Hagen as Board Chair | Director Elections | Board | AGAINST | 2 | |
| Orkla ASA | April 24, 2025 | Reelect Stein Erik Hagen as Director | Director Elections | Board | AGAINST | 2 | |
| P.A.M. Transportation Services, Inc. | October 31, 2024 | Election of Directors: Joseph A. Vitiritto | Director Elections | Board | WITHHOLD | 2 | |
| P.A.M. Transportation Services, Inc. | October 31, 2024 | Election of Directors: Matthew T. Moroun | Director Elections | Board | WITHHOLD | 2 | |
| P.A.M. Transportation Services, Inc. | October 31, 2024 | Election of Directors: W. Scott Davis | Director Elections | Board | WITHHOLD | 2 | |
| P.A.M. Transportation Services, Inc. | October 31, 2024 | To approve an increase in the number of authorized shares of common stock from 50,000,000 to 100,000,000 in the proposed Nevada Articles of Incorporation (Implementation of this Proposal 4 is conditioned upon the approval of Proposal 3). | Capital Structure | Board | AGAINST | 2 | |
| P.A.M. Transportation Services, Inc. | October 31, 2024 | To approve the redomestication of P.A.M. Transportation Services, Inc. to the State of Nevada by conversion. | Extraordinary Transactions | Board | AGAINST | 2 | |
| PAMT Corp | May 8, 2025 | Election of Directors: Joseph A. Vitiritto | Director Elections | Board | WITHHOLD | 2 | |
| PAMT Corp | May 8, 2025 | Election of Directors: Matthew T. Moroun | Director Elections | Board | WITHHOLD | 2 | |
| PENN Entertainment, Inc. | June 17, 2025 | Advisory vote on a shareholder proposal regarding commissioning of a report on the effects of a company-wide non-smoking policy. | Other Social Issues | Shareholder | Not determined | FOR | 2 |
| PENNS WOODS BANCORP INC. | April 22, 2025 | A proposal to approve, on an advisory basis, specified compensation that may be payable to the named executive officers of Penns Woods in connection with the merger. | Say-on-Pay | Board | AGAINST | 2 | |
| PEPKOR HOLDINGS LTD. | February 24, 2025 | NON-BINDING ADVISORY VOTE ON PEPKOR'S IMPLEMENTATION REPORT ON THE REMUNERATION POLICY: APPROVAL OF IMPLEMENTATION REPORT ON REMUNERATION POLICY | Say-on-Pay | Board | AGAINST | 2 | |
| PERPETUAL LTD. | October 17, 2024 | ADOPTION OF THE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| PIRAEUS FINANCIAL HOLDINGS SOCIETE ANONYME | April 14, 2025 | SUBMISSION OF THE REMUNERATION REPORT OF THE YEAR 2024 FOR DISCUSSION AND VOTE BY THE GENERAL MEETING, ACCORDING TO ARTICLE 112 OF LAW 4548/2018 | Say-on-Pay | Board | AGAINST | 2 | |
| PKO BANK POLSKI SA | June 13, 2025 | ADOPTING RESOLUTIONS ON EXPRESSING AN OPINION REGARDING THE REPORT ON THE REMUNERATION OF THE MEMBERS OF THE MANAGEMENT BOARD AND THE SUPERVISORY BOARD OF PKO BANK POLSKI SA FOR THE YEAR 2024 | Say-on-Pay | Board | AGAINST | 2 | |
| PLUS500 LTD. | May 6, 2025 | APPROVE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| PMV PHARMACEUTICALS INC. | June 5, 2025 | Approval, on a non-binding advisory basis, of the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| POSCO DX Co., Ltd. | March 24, 2025 | Authorize Board to Fix Remuneration of Internal Auditor(s) | Compensation | Board | AGAINST | 2 | |
| PT Amman Mineral Internasional Tbk | June 16, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 2 | |
| PT Bank Mandiri (Persero) Tbk | March 25, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 2 | |
| PT Bank Mandiri (Persero) Tbk | March 25, 2025 | Approve Share Repurchase Program and the Transfer of Buyback Shares Held as Treasury Stock | Capital Structure | Board | AGAINST | 2 | |
| PT Bank Rakyat Indonesia (Persero) Tbk | March 24, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 2 | |
| PT Barito Pacific Tbk | June 19, 2025 | Reelect Directors and Commissioners | Director Elections | Board | AGAINST | 2 | |
| PT Chandra Asri Pacific Tbk | June 11, 2025 | Approve Changes in the Determination of the Use of the Company's Income | Capital Structure | Board | AGAINST | 2 | |
| PT GoTo Gojek Tokopedia Tbk | June 18, 2025 | Amend Articles of Association | Capital Structure | Board | AGAINST | 2 | |
| PT GoTo Gojek Tokopedia Tbk | June 18, 2025 | Approve Cancellation of Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| PT GoTo Gojek Tokopedia Tbk | June 18, 2025 | Approve Renewal of Delegation of Authority to Commissioners for Issuance of New Shares Based on the Share Ownership Program | Compensation | Board | AGAINST | 2 | |
| PT GoTo Gojek Tokopedia Tbk | June 18, 2025 | Approve Transfer of Shares Resulting from the Buyback by Implementing the Share Ownership Program | Capital Structure | Board | AGAINST | 2 | |
| PT Indofood CBP Sukses Makmur Tbk | June 20, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| PT Indofood Sukses Makmur Tbk | June 20, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| PT Pakuwon Jati Tbk | June 25, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 2 | |
| PTT Exploration and Production Public Company Limited | March 31, 2025 | Elect Teerapong Wongsiwawilas as Director | Director Elections | Board | AGAINST | 2 | |
| PUBLIC POWER CORPORATION SA | June 25, 2025 | REMUNERATION REPORT OF FISCAL YEAR 2024 | Say-on-Pay | Board | AGAINST | 2 | |
| Page Industries Limited | August 8, 2024 | Reelect Rohan Genomal as Director | Director Elections | Board | AGAINST | 2 | |
| Palo Alto Networks, Inc. | December 10, 2024 | To approve an amendment to the Palo Alto Networks, Inc. 2021 Equity Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Pegasus Hava Tasimaciligi AS | March 28, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Pegatron Corp. | June 6, 2025 | Elect C. LIN, with Shareholder No. E100689XXX, as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Pegatron Corp. | June 6, 2025 | Elect MICHAEL WANG, with Shareholder No. L101796XXX, as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Peloton Interactive, Inc. | December 3, 2024 | Election of Director: Jay Hoag | Director Elections | Board | WITHHOLD | 2 | |
| Pepkor Holdings Ltd. | February 24, 2025 | Approve Implementation Report on the Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Report on Risks Related to Biodiversity and Nature Loss. | Environment or Climate | Shareholder | Against | FOR | 2 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Sustainable Packaging Policies for Plastics. | Environment or Climate | Shareholder | Against | FOR | 2 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Third-Party Assessment on Non-Sugar Sweetener Risks. | Environment or Climate | Shareholder | Against | FOR | 2 |
| PepsiCo, Inc. | May 7, 2025 | Shareholder Proposal - Third-Party Racial Equity Audit. | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 2 |
| Pernod Ricard SA | November 8, 2024 | Reelect Alexandre Ricard as Director | Director Elections | Board | AGAINST | 2 | |
| Pernod Ricard SA | November 8, 2024 | Reelect Cesar Giron as Director | Director Elections | Board | AGAINST | 2 | |
| Phoenix Group Holdings Plc | May 13, 2025 | Re-elect Karen Green as Director | Director Elections | Board | AGAINST | 2 | |
| Phoenix Group Holdings Plc | May 13, 2025 | Re-elect Katie Murray as Director | Director Elections | Board | AGAINST | 2 | |
| Phoenix Group Holdings Plc | May 13, 2025 | Re-elect Nicholas Shott as Director | Director Elections | Board | AGAINST | 2 | |
| Phoenix Group Holdings Plc | May 13, 2025 | Re-elect Sir Nicholas Lyons as Director | Director Elections | Board | AGAINST | 2 | |
| Pilbara Minerals Ltd. | November 26, 2024 | Approve Issuance of Additional FY24 LTI Performance Rights to Dale Henderson | Compensation | Board | AGAINST | 2 | |
| Pilbara Minerals Ltd. | November 26, 2024 | Elect Miriam Stanborough as Director | Director Elections | Board | AGAINST | 2 | |
| Playtech Plc | December 19, 2024 | Approve Increase in Limit on the Aggregate Fees Payable to Directors | Compensation | Board | AGAINST | 2 | |
| Playtech Plc | December 19, 2024 | Approve Shareholder Incentive Plan (Directors) | Compensation | Board | AGAINST | 2 | |
| Playtech Plc | May 21, 2025 | Re-elect Ian Penrose as Director | Director Elections | Board | AGAINST | 2 | |
| Plaza SA | April 22, 2025 | Elect Directors for a Three-Year Term | Director Elections | Board | AGAINST | 2 | |
| Poongsan Corp. | March 21, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 2 | |
| Porto Seguro SA | March 28, 2025 | Approve Remuneration of Company's Management, Advisory Committee Members, and Fiscal Council | Compensation | Board | AGAINST | 2 | |
| Power Construction Corporation of China, Ltd. | June 26, 2025 | Approve 2024 and 2025 Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Power Construction Corporation of China, Ltd. | June 26, 2025 | Approve 2024 and 2025 Remuneration of Supervisors | Compensation | Board | AGAINST | 2 | |
| Power Construction Corporation of China, Ltd. | June 26, 2025 | Approve Continue to Authorize the Board of Directors to Make Decisions on the Issuance of Debt Financing Instruments | Capital Structure | Board | AGAINST | 2 | |
| Power Construction Corporation of China, Ltd. | June 26, 2025 | Approve Guarantees Plan | Capital Structure | Board | AGAINST | 2 | |
| Power Corporation of Canada | May 14, 2025 | Elect Director Andre Desmarais | Director Elections | Board | AGAINST | 2 | |
| Power Corporation of Canada | May 14, 2025 | Elect Director Paul Desmarais, Jr. | Director Elections | Board | AGAINST | 2 | |
| Powszechny Zaklad Ubezpieczen SA | July 18, 2024 | Elect Supervisory Board Member | Director Elections | Board | AGAINST | 2 | |
| Powszechny Zaklad Ubezpieczen SA | July 18, 2024 | Recall Supervisory Board Member | Director Elections | Board | AGAINST | 2 | |
| PrimeEnergy Resources Corporation | June 5, 2025 | Election of Directors: Clint Hurt | Director Elections | Board | WITHHOLD | 2 | |
| PrimeEnergy Resources Corporation | June 5, 2025 | Election of Directors: H. Gifford Fong | Director Elections | Board | WITHHOLD | 2 | |
| PrimeEnergy Resources Corporation | June 5, 2025 | Election of Directors: Thomas S. T. Gimbel | Director Elections | Board | WITHHOLD | 2 | |
| Primerica, Inc. | May 14, 2025 | To elect the following directors: Cynthia N. Day | Director Elections | Board | AGAINST | 2 | |
| Primo Brands Corporation | May 1, 2025 | Election of Directors: Kimberly Reed | Director Elections | Board | WITHHOLD | 2 | |
| Primo Brands Corporation | May 1, 2025 | Election of Directors: Kurtis Barker | Director Elections | Board | WITHHOLD | 2 | |
| Primo Brands Corporation | May 1, 2025 | Election of Directors: Tony W. Lee | Director Elections | Board | WITHHOLD | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.