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Northern Trust 2025-2026: where it broke with the board

At least 6,093 proposals in the 2025-2026 proxy season: Northern Trust voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 93 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

6,093 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.

Northern Trust, 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 recommendedNorthern Trust votedFunds
Huaku Development Co., Ltd. May 29, 2026 Elect Hung, Chia-Sheng, with Shareholder No. 00019417, as Non-Independent Director Director Elections Board AGAINST 2
Huaku Development Co., Ltd. May 29, 2026 Elect Hwang, Yih-Ray, with Shareholder No. 00000009, as Non-Independent Director Director Elections Board AGAINST 2
Huaku Development Co., Ltd. May 29, 2026 Elect Lan, Wen-Hsiang, with Shareholder No. T120286XXX, as Independent Director Director Elections Board AGAINST 2
Huaku Development Co., Ltd. May 29, 2026 Elect Liu, Jo-Mei, with Shareholder No. 00000024, as Non-Independent Director Director Elections Board AGAINST 2
Huaku Development Co., Ltd. May 29, 2026 Elect Twu, Wei-Shan, a Representative of New Land Investment Co.,Ltd. with Shareholder No. 00000002, as Non-Independent Director Director Elections Board AGAINST 2
Huaku Development Co., Ltd. May 29, 2026 Elect Wang, Tze-Chun, with Shareholder No. J120369XXX, as Independent Director Director Elections Board AGAINST 2
Huaneng Power International, Inc. September 23, 2025 Elect Liu Ancang as Director Director Elections Board AGAINST 2
Huaqin Co., Ltd. May 20, 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 2
Huaqin Co., Ltd. May 20, 2026 Approve Estimated Caps for Provision of External Guarantees Capital Structure Board AGAINST 2
Huaqin Co., Ltd. May 20, 2026 Approve Grant of General Mandate to Issue Shares Capital Structure Board AGAINST 2
Huaqin Technology Co., Ltd. February 9, 2026 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 2
Huaqin Technology Co., Ltd. February 9, 2026 Approve Draft and Summary of Performance Shares Incentive Plan Compensation Board AGAINST 2
Huaqin Technology Co., Ltd. February 9, 2026 Approve Measures for the Administration of the Assessment of Performance Shares Incentive Plans Compensation Board AGAINST 2
Huatai Securities Co., Ltd. January 23, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Huatai Securities Co., Ltd. January 23, 2026 Elect Wang Quansheng as Director Director Elections Board AGAINST 2
Huatai Securities Co., Ltd. June 26, 2026 Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP as Audit Service Agency and Internal Control Auditor for A Share and Deloitte Touche Tohmatsu as Audit Service Agency for H Share and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Huatai Securities Co., Ltd. June 26, 2026 Approve Grant of General Mandate to the Board to Issue Shares Capital Structure Board AGAINST 2
Huayu Automotive Systems Co., Ltd. June 29, 2026 Approve Appointment of Financial Auditor and Internal Control Auditor Audit-related Board AGAINST 2
Humana Inc. April 16, 2026 Election of Directors: Wayne A. I. Frederick, M.D. Director Elections Board AGAINST 2
Hunan Valin Steel Co., Ltd. June 15, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan Compensation Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve Authorization of the Board to Handle All Matters Related to Stock Option Incentive Plan Compensation Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve Draft and Summary on Employee Share Purchase Plan Compensation Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve Draft and Summary on Stock Option Incentive Plan Compensation Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve Management Measures for the Employee Share Purchase Plan Compensation Board AGAINST 2
Hundsun Technologies, Inc. September 9, 2025 Approve the Implementation and Assessment Management Measures for the Stock Option Incentive Plan Compensation Board AGAINST 2
Hwatsing Technology Co., Ltd. May 13, 2026 Approve 2025 and 2026 Remuneration of Directors Compensation Board AGAINST 2
Hygon Information Technology Co., Ltd. April 28, 2026 Approve Remuneration of Directors Compensation Board AGAINST 2
Hysan Development Company Limited June 5, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Hysan Development Company Limited June 5, 2026 Elect Lee Chien as Director Director Elections Board AGAINST 2
Hysan Development Company Limited June 5, 2026 Elect Lee Irene Yun-Lien as Director Director Elections Board AGAINST 2
Hyster-Yale, Inc. May 12, 2026 Election of Directors: Dennis W. LaBarre Director Elections Board WITHHOLD 2
Hyster-Yale, Inc. May 12, 2026 Election of Directors: J.C. Butler, Jr. Director Elections Board WITHHOLD 2
Hyster-Yale, Inc. May 12, 2026 To approve the amendment and restatement of the Company's Non-Employee Directors' Equity Compensation Plan Compensation Board AGAINST 2
IBIDEN Co., Ltd. June 19, 2026 Elect Director Aoki, Takeshi Director Elections Board AGAINST 2
IBIDEN Co., Ltd. June 19, 2026 Elect Director Kawashima, Koji Director Elections Board AGAINST 2
IDEAL POWER INC. June 3, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers Say-on-Pay Board AGAINST 2
IDFC FIRST Bank Limited April 17, 2026 Reelect S. Ganesh Kumar as Director Director Elections Board AGAINST 2
IF BANCORP INC February 3, 2026 A proposal to approve a non-binding advisory proposal regarding the compensation to be paid to the named executive officers of the Company in connection with the transactions contemplated by the Merger Agreement (the "Merger-Related Compensation"). Say-on-Pay Board AGAINST 2
IGO Ltd. November 19, 2025 Approve Issuance of Service Rights to Ivan Vella Compensation Board AGAINST 2
IGO Ltd. November 19, 2025 Approve Remuneration Report Compensation Board AGAINST 2
ILJIN ELECTRIC Co., Ltd. March 19, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
IMPALA PLATINUM HOLDINGS LTD October 30, 2025 ENDORSEMENT OF THE COMPANYS REMUNERATION IMPLEMENTATION REPORT Say-on-Pay Board AGAINST 2
INFRONEER Holdings, Inc. June 23, 2026 Elect Director Kibe, Kazunari Director Elections Board AGAINST 2
INHIBIKASE THERAPEUTICS, INC. June 26, 2026 to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers. Say-on-Pay Board AGAINST 2
INPOST S.A. May 15, 2026 ACKNOWLEDGEMENT AND APPROVAL OF THE REMUNERATION REPORT 2025 (ADVISORY VOTE) Say-on-Pay Board AGAINST 2
INTERPUMP GROUP SPA April 30, 2026 REPORT ON REMUNERATION POLICY AND COMPENSATION PAID PURSUANT TO ART. 123 TER OF LEGISLATIVE DECREE 58/1998: VOTING ON THE SECOND SECTION OF THE REPORT ON REMUNERATION POLICY AND COMPENSATION PAID PURSUANT TO ART. 123 TER, PARAGRAPH 4, OF LEGISLATIVE DECREE NO.58/1998; RELATED AND CONSEQUENTIAL RESOLUTIONS Say-on-Pay Board AGAINST 2
INmune Bio Inc. November 18, 2025 To approve the repricing of certain outstanding stock options that have been granted under the Company's 2017 Stock Incentive Plan, 2019 Stock Incentive Plan, and Second Amended and Restated 2021 Stock Incentive Plan (as may be amended, restated or otherwise modified from time to time in accordance with its terms) (the "Option Repricing Proposal"). Compensation Board AGAINST 2
ITOCHU Corp. June 19, 2026 Elect Director Ishii, Keita Director Elections Board AGAINST 2
ITOCHU Corp. June 19, 2026 Elect Director Naka, Hiroyuki Director Elections Board AGAINST 2
ITOCHU Corp. June 19, 2026 Elect Director Okafuji, Masahiro Director Elections Board AGAINST 2
ITOCHU Corp. June 19, 2026 Elect Director Tsubai, Hiroyuki Director Elections Board AGAINST 2
Ibotta, Inc. May 19, 2026 Election of Directors: Amit N. Doshi Director Elections Board AGAINST 2
Impala Platinum Holdings Ltd. October 30, 2025 Approve Remuneration Implementation Report Compensation Board AGAINST 2
Indian Bank June 17, 2026 Approve Reappointment of Ashutosh Choudhury as Executive Director Compensation Board AGAINST 2
Indian Hotels Co. Ltd. June 30, 2026 Reelect Anupam Narayan as Director Director Elections Board AGAINST 2
Indian Railway Catering and Tourism Corporation Limited August 30, 2025 Elect Manoj Kumar Sharma as Director Director Elections Board AGAINST 2
Indian Railway Catering and Tourism Corporation Limited August 30, 2025 Elect Shivendra Shukla as Director Director Elections Board AGAINST 2
Indian Railway Catering and Tourism Corporation Limited August 30, 2025 Elect Sudhir Kumar as Director Director Elections Board AGAINST 2
Indian Railway Catering and Tourism Corporation Limited August 30, 2025 Reelect Namgyal Wangchuk as Director Director Elections Board AGAINST 2
Indian Railway Catering and Tourism Corporation Limited August 30, 2025 Reelect Rahul Himalian as Director Director Elections Board AGAINST 2
Indus Towers Limited August 29, 2025 Reelect Harjeet Singh Kohli as Director Director Elections Board AGAINST 2
Indus Towers Limited November 16, 2025 Reelect Sharad Bhansali as Director Director Elections Board AGAINST 2
Industrial Bank of Korea March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
Industrial Bank of Korea March 26, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 2
Industrial Logistics Properties Trust June 9, 2026 Election of Trustees: Nominees (for Managing Trustee): Adam Portnoy Director Elections Board WITHHOLD 2
Industrias Penoles SAB de CV April 27, 2026 Elect or Ratify Chair of Audit and Corporate Practices Committee Director Elections Board AGAINST 2
Industrias Penoles SAB de CV April 27, 2026 Elect or Ratify Directors; Verify Director's Independence Classification; Approve Their Respective Remuneration Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Andy Ransom as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Catherine Levene as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Gill Whitehead as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Joanne Wilson as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect John Rishton as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Louise Smalley as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Maria Kyriacou as Director Director Elections Board AGAINST 2
Informa Plc June 18, 2026 Re-elect Zheng Yin as Director Director Elections Board AGAINST 2
Inner Mongolia Baotou Steel Union Co. Ltd. May 11, 2026 Elect Xiao Jun as Director Director Elections Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Asset Acquisition by Cash and Issuance of Shares as well as Raising Supporting Funds and Related Party Transaction Complies with Relevant Laws and Regulations Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Audit Report, Asset Appraisal Report and Pro forma Review Report Related to this Transaction Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Authorization of the Board to Handle All Related Matters Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 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
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Distribution Arrangement of Undistributed Earnings Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Distribution Arrangement of Undistributed Earnings in Connection to Raising Supporting Funds Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Draft and Summary on Asset Acquisition by Cash and Issuance of Shares as well as Raising Supporting Funds and Related Party Transactions Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 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
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Issuance Method, Target Subscribers and Subscription Method in Connection to Raising Supporting Funds Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Issuance Price Adjustment Mechanism Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Issue Size Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Listing Location in Connection to Raising Supporting Funds Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Lock-up Period Arrangement Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Lock-up Period Arrangement in Connection to Raising Supporting Funds Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Non-Existence of the Circumstances Prohibiting the Issuance of Shares to Specific Targets as Specified in Article 11 of the Regulations on the Administration of Securities Issuance and Registration by Listed Companies in This Reorganization Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Overview of this Transaction Plan Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Pricing Basis, Pricing Reference Date and Issue Price in Connection to Raising Supporting Funds Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Pricing Reference Date and Issue Price Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Profit and Loss Attribution During the Transition Period Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Relevant Entities of This Reorganization Not Being Under the Circumstances Under Article 12 of the Guidelines for the Supervision of Listed Companies No. 7 Supervision of Abnormal Stock Transactions Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Report on the Usage of Previously Raised Funds Capital Structure Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Resolution Validity Period Extraordinary Transactions Board AGAINST 2
Inner Mongolia Dian Tou Energy Corp. Ltd. December 18, 2025 Approve Share Type, Par Value and Listing Location Extraordinary Transactions Board AGAINST 2

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