Home › Asset managers › Northern Trust › 2025-2026 › Against the board
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
6,093 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 |
|---|---|---|---|---|---|---|---|
| NEWMARK GROUP, INC. | December 30, 2025 | Approval, on an advisory basis, of executive compensation. | Say-on-Pay | Board | AGAINST | 3 | |
| NIBE Industrier AB | May 19, 2026 | Reelect Hans Linnarson (Chair), James Ahrgren, Camilla Ekdahl, Gerteric Lindquist, Anders Palsson, and Eva Thunholm as Directors; Elect Henrik Elmin as New Director | Director Elections | Board | AGAINST | 3 | |
| NINE ENTERTAINMENT CO. HOLDINGS LTD | November 7, 2025 | TO ADOPT THE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 3 | |
| NRG Energy, Inc. | April 30, 2026 | To elect ten directors: Matthew Carter, Jr. | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Approve Reappointment of Gurdeep Singh as Chairman and Managing Director | Compensation | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Elect Anil Kumar Gupta as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Elect Kanchiappan Ghayathri Devi as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Elect Pankaj Gupta as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Elect Sushil Kumar Choudhary as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Reelect Anil Kumar Jadli as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Reelect Jaikumar Srinivasan as Director | Director Elections | Board | AGAINST | 3 | |
| NTPC Limited | August 29, 2025 | Reelect Shivam Srivastava as Director | Director Elections | Board | AGAINST | 3 | |
| Nabors Industries Ltd. | June 2, 2026 | Approval of Amendment No. 5 to the Company's Amended and Restated 2016 Stock Plan. | Compensation | Board | AGAINST | 3 | |
| Nabors Industries Ltd. | June 2, 2026 | Approval, on a non-binding, advisory basis, of the compensation paid by the Company to its named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| National Grid Plc | July 9, 2025 | Re-elect Earl Shipp as Director | Director Elections | Board | AGAINST | 3 | |
| National Grid Plc | July 9, 2025 | Re-elect Jonathan Silver as Director | Director Elections | Board | AGAINST | 3 | |
| National Grid Plc | July 9, 2025 | Re-elect Paula Reynolds as Director | Director Elections | Board | AGAINST | 3 | |
| National Grid Plc | July 9, 2025 | Re-elect Tony Wood as Director | Director Elections | Board | AGAINST | 3 | |
| NetEase, Inc. | June 23, 2026 | Adopt Consultant Sublimit | Compensation | Board | AGAINST | 3 | |
| NetEase, Inc. | June 23, 2026 | Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan | Compensation | Board | AGAINST | 3 | |
| NetEase, Inc. | June 23, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 3 | |
| NetEase, Inc. | June 23, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 3 | |
| New China Life Insurance Company Ltd. | December 24, 2025 | Elect Mao Sixue as Director | Director Elections | Board | AGAINST | 3 | |
| New China Life Insurance Company Ltd. | December 24, 2025 | Elect Yang Xue as Director | Director Elections | Board | AGAINST | 3 | |
| New China Life Insurance Company Ltd. | December 24, 2025 | Elect Zhang Xiaodong as Director | Director Elections | Board | AGAINST | 3 | |
| Nitto Denko Corp. | June 19, 2026 | Elect Director Akagi, Tatsuya | Director Elections | Board | AGAINST | 3 | |
| Nitto Denko Corp. | June 19, 2026 | Elect Director Takasaki, Hideo | Director Elections | Board | AGAINST | 3 | |
| Nomura Holdings, Inc. | June 23, 2026 | Elect Director Ishiguro, Miyuki | Director Elections | Board | AGAINST | 3 | |
| Nomura Holdings, Inc. | June 23, 2026 | Elect Director Nakajima, Yutaka | Director Elections | Board | AGAINST | 3 | |
| Nomura Holdings, Inc. | June 23, 2026 | Elect Director Okuda, Kentaro | Director Elections | Board | AGAINST | 3 | |
| Nomura Holdings, Inc. | June 23, 2026 | Elect Director Oshima, Taku | Director Elections | Board | AGAINST | 3 | |
| Nomura Holdings, Inc. | June 23, 2026 | Elect Director Takahara, Takahisa | Director Elections | Board | AGAINST | 3 | |
| Nomura Real Estate Holdings, Inc. | June 25, 2026 | Elect Director Arai, Satoshi | Director Elections | Board | AGAINST | 3 | |
| Nomura Real Estate Holdings, Inc. | June 25, 2026 | Elect Director Kutsukake, Eiji | Director Elections | Board | AGAINST | 3 | |
| Nomura Research Institute Ltd. | June 19, 2026 | Elect Director Yamazaki, Masaaki | Director Elections | Board | AGAINST | 3 | |
| Nomura Research Institute Ltd. | June 19, 2026 | Elect Director Yanagisawa, Kaga | Director Elections | Board | AGAINST | 3 | |
| Northeast Community Bancorp, Inc. | May 21, 2026 | Election of Directors (Three-Year Terms): John F. McKenzie | Director Elections | Board | WITHHOLD | 3 | |
| Northern Star Resources Limited | November 18, 2025 | Elect Nicholas (Nick) Cernotta as Director | Director Elections | Board | AGAINST | 3 | |
| Novo Nordisk A/S | March 26, 2026 | Reelect Kasim Kutay as Director | Director Elections | Board | ABSTAIN | 3 | |
| Novonesis (Novozymes A/S) | March 23, 2026 | Reelect Cornelis (Cees) de Jong (Chair) as Director | Director Elections | Board | ABSTAIN | 3 | |
| Novonesis (Novozymes A/S) | March 23, 2026 | Reelect Kim Stratton as Director | Director Elections | Board | ABSTAIN | 3 | |
| Nuvalent, Inc. | June 16, 2026 | Election of the following nominees as Class II directors: Michael L. Meyers, M.D., Ph.D. | Director Elections | Board | WITHHOLD | 3 | |
| O'Reilly Automotive, Inc. | May 14, 2026 | Shareholder proposal entitled "Avoid Brand Damage due to Corporate Political Spending." | Other Social Issues | Shareholder | Against | FOR | 3 |
| OLYMPIC STEEL, INC. | February 12, 2026 | Advisory Compensation Proposal - To approve, on an advisory basis, certain compensation that may be paid or become payable to Olympic Steel Inc.'s named executive officers that is based on or otherwise relates to the merger | Say-on-Pay | Board | AGAINST | 3 | |
| OPENDOOR TECHNOLOGIES INC. | June 11, 2026 | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers (Say-on-Pay Vote). | Say-on-Pay | Board | AGAINST | 3 | |
| ORLEN SA | June 9, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 3 | |
| Oberoi Realty Limited | August 28, 2025 | Approve Grant of Options to the Eligible Employees of the Group Companies, Including Associate Compay(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 3 | |
| Oberoi Realty Limited | August 28, 2025 | Approve Grant of Options to the Employees of the Subsidiary Company(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 3 | |
| Oberoi Realty Limited | August 28, 2025 | Approve Oberoi Realty Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 3 | |
| Ocular Therapeutix, Inc. | June 10, 2026 | To approve an advisory vote on named executive officer compensation. | Say-on-Pay | Board | AGAINST | 3 | |
| OneSpaWorld Holdings Limited | June 3, 2026 | Election of Directors: Andrew R. Heyer | Director Elections | Board | WITHHOLD | 3 | |
| Oriental Land Co., Ltd. | June 26, 2026 | Elect Director Kagami, Toshio | Director Elections | Board | AGAINST | 3 | |
| Oriental Land Co., Ltd. | June 26, 2026 | Elect Director Takahashi, Wataru | Director Elections | Board | AGAINST | 3 | |
| Oriental Land Co., Ltd. | June 26, 2026 | Elect Director Takano, Yumiko | Director Elections | Board | AGAINST | 3 | |
| Orkla ASA | April 23, 2026 | Reelect Stein Erik Hagen as Board Chair | Director Elections | Board | AGAINST | 3 | |
| Orkla ASA | April 23, 2026 | Reelect Stein Erik Hagen as Director | Director Elections | Board | AGAINST | 3 | |
| Orsted A/S | April 9, 2026 | Reelect Andrew Brown (Vice Chair) as Director | Director Elections | Board | ABSTAIN | 3 | |
| Orsted A/S | April 9, 2026 | Reelect Lene Skole (Chair) as Director | Director Elections | Board | ABSTAIN | 3 | |
| PACIRA BIOSCIENCES, INC. | June 9, 2026 | Approval, on an advisory basis, of the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| PAGERDUTY, INC. | June 18, 2026 | To conduct an advisory, non-binding vote to approve the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| PINNACLE FINANCIAL PARTNERS, INC. | November 6, 2025 | A proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Pinnacle's named executive officers in connection with the transactions contemplated by the merger agreement. | Say-on-Pay | Board | AGAINST | 3 | |
| PLAINS GP HOLDINGS, L.P. | May 20, 2026 | The approval, on a non-binding advisory basis, of our 2025 named executive officer compensation. | Say-on-Pay | Board | AGAINST | 3 | |
| PLUG POWER INC. | June 11, 2026 | The approval of the non-binding, advisory vote regarding the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| PLYMOUTH INDUSTRIAL REIT, INC. | January 22, 2026 | To approve, on a non-binding, advisory vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the transactions contemplated by the Merger Agreement; and | Say-on-Pay | Board | AGAINST | 3 | |
| PROCEPT BIOROBOTICS CORPORATION | June 9, 2026 | Approval, on a non-binding advisory basis, of the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| PT Bank Mandiri (Persero) Tbk | August 4, 2025 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Bank Mandiri (Persero) Tbk | April 29, 2026 | Approve Changes in the Boards of the Company | Director Elections | Board | AGAINST | 3 | |
| PT Bank Mandiri (Persero) Tbk | April 29, 2026 | Approve Share Repurchase Program and the Transfer of Buyback Shares Held as Treasury Stock | Capital Structure | Board | AGAINST | 3 | |
| PT Charoen Pokphand Indonesia Tbk | May 20, 2026 | Approve Auditors | Audit-related | Board | AGAINST | 3 | |
| PT Dian Swastatika Sentosa Tbk | June 9, 2026 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 3 | |
| PT Unilever Indonesia Tbk | February 13, 2026 | Approve Delegation of Authority to the Board of Commissioners to Approve Changes to Pension Fund Regulation | Compensation | Board | AGAINST | 3 | |
| PULMONX CORPORATION | June 4, 2026 | To conduct a non-binding advisory vote to approve our executive compensation. | Say-on-Pay | Board | AGAINST | 3 | |
| PUMA SE | May 19, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2026 | Amend Restricted Stock Plan | Compensation | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2026 | Elect Director Luis Frias | Director Elections | Board | AGAINST | 3 | |
| PagSeguro Digital Ltd. | May 27, 2026 | Elect Director Maria Judith de Brito | Director Elections | Board | AGAINST | 3 | |
| PagerDuty, Inc. | June 18, 2026 | To conduct an advisory, non-binding vote to approve the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| Palo Alto Networks, Inc. | December 9, 2025 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 3 | |
| Pan Pacific International Holdings Corp. | September 26, 2025 | Elect Director Moriya, Hideki | Director Elections | Board | AGAINST | 3 | |
| Panasonic Holdings Corp. | June 22, 2026 | Elect Director Kusumi, Yuki | Director Elections | Board | AGAINST | 3 | |
| PayPal Holdings, Inc. | May 19, 2026 | Stockholder Proposal - Policy on Provision of Services in Conflict Zones. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 3 |
| Peloton Interactive, Inc. | December 9, 2025 | Election of Directors: Chris Bruzzo | Director Elections | Board | WITHHOLD | 3 | |
| PepsiCo, Inc. | May 6, 2026 | Shareholder Proposal - Report Evaluating the Treatment of Animals within Supply Chain. | Other Social Issues | Shareholder | Against | FOR | 3 |
| PepsiCo, Inc. | May 6, 2026 | Shareholder Proposal - Report on Human Rights Oversight. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 3 |
| Petroleo Brasileiro SA | April 16, 2026 | Approve Classification of Jeronimo Antunes as Independent Director | Director Elections | Board | AGAINST | 3 | |
| Petronet Lng Limited | September 24, 2025 | Reelect Milind Torawane as Director | Director Elections | Board | AGAINST | 3 | |
| Petronet Lng Limited | September 24, 2025 | Reelect Pankaj Jain as Director | Director Elections | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Approve Appointment and Remuneration of Swaminathan K as Whole Time Director designated as Director - Operations | Compensation | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Approve Reappointment and Remuneration of A N Parekh as Whole-Time Director | Compensation | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Elect Swaminathan K as Director | Director Elections | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Reelect A N Parekh as Director | Director Elections | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Reelect Rajeev Vasudeva as Director | Director Elections | Board | AGAINST | 3 | |
| Pidilite Industries Limited | August 6, 2025 | Reelect Sandeep Batra as Director | Director Elections | Board | AGAINST | 3 | |
| Poly Developments & Holdings Group Co., Ltd. | December 8, 2025 | Amend Dividends Management System | Capital Structure | Board | AGAINST | 3 | |
| Poly Developments & Holdings Group Co., Ltd. | May 12, 2026 | Approve External Guarantee | Capital Structure | Board | AGAINST | 3 | |
| Porto Seguro SA | March 31, 2026 | Approve Remuneration of Company's Management, Advisory Committees' Members, and Fiscal Council | Compensation | Board | AGAINST | 3 | |
| Porto Seguro SA | March 31, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 3 | |
| Porto Seguro SA | March 31, 2026 | Percentage of Votes to Be Assigned - Elect Andre Luis Rodrigues Teixeira as Board Vice-Chair | Director Elections | Board | ABSTAIN | 3 | |
| Porto Seguro SA | March 31, 2026 | Percentage of Votes to Be Assigned - Elect Bruno Campos Garfinkel as Board Chair | Director Elections | Board | ABSTAIN | 3 | |
| Porto Seguro SA | March 31, 2026 | Percentage of Votes to Be Assigned - Elect Celia Kochen Parnes as Independent Director | Director Elections | Board | ABSTAIN | 3 |
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Built October 13, 2026 from SEC Form N-PX filings.