Home › Asset managers › Northern Trust › 2025-2026 › Against 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.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Northern Trust voted | Funds |
|---|---|---|---|---|---|---|---|
| MS&AD Insurance Group Holdings, Inc. | June 22, 2026 | Elect Director Funabiki, Shinichiro | Director Elections | Board | AGAINST | 2 | |
| MS&AD Insurance Group Holdings, Inc. | June 22, 2026 | Elect Director Hara, Noriyuki | Director Elections | Board | AGAINST | 2 | |
| MS&AD Insurance Group Holdings, Inc. | June 22, 2026 | Elect Director Kanasugi, Yasuzo | Director Elections | Board | AGAINST | 2 | |
| MS&AD Insurance Group Holdings, Inc. | June 22, 2026 | Elect Director Niiro, Keisuke | Director Elections | Board | AGAINST | 2 | |
| MYCRONIC AB | May 6, 2026 | APPROVE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| Magellan Financial Group Limited | October 22, 2025 | Elect Andrew Formica as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Water Company, Inc. | April 14, 2026 | Elect Eric Ramon O. Recto as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Water Company, Inc. | April 14, 2026 | Elect Octavio Victor R. Espiritu as Director | Director Elections | Board | AGAINST | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director Donald R. Lindsay | Director Elections | Board | WITHHOLD | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director Guy L.T. Bainbridge | Director Elections | Board | WITHHOLD | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director J. Michael Durland | Director Elections | Board | WITHHOLD | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director John W. P-K. Wong | Director Elections | Board | WITHHOLD | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director May Tan | Director Elections | Board | WITHHOLD | 2 | |
| Manulife Financial Corporation | May 14, 2026 | Elect Director Nancy J. Carroll | Director Elections | Board | WITHHOLD | 2 | |
| Marex Group plc | May 21, 2026 | Approve Capital Reduction by Cancellation and Extinguishment of the Deferred Shares | Capital Structure | Board | AGAINST | 2 | |
| Marex Group plc | May 21, 2026 | Approve Capital Reduction by Cancellation and Extinguishment of the Scheme Shares | Capital Structure | Board | AGAINST | 2 | |
| Marriott International, Inc. | May 8, 2026 | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | Say-on-Pay | Board | AGAINST | 2 | |
| Marsh & McLennan Companies, Inc. | May 21, 2026 | Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation | Say-on-Pay | Board | AGAINST | 2 | |
| MasTec, Inc. | May 21, 2026 | Election of Class I Directors: Julia L. Johnson | Director Elections | Board | WITHHOLD | 2 | |
| Matador Resources Company | June 11, 2026 | Election of Director Nominees: Reynald A. Baribault | Director Elections | Board | AGAINST | 2 | |
| MaxLinear, Inc. | May 20, 2026 | To approve an amendment and restatement of the MaxLinear, Inc. Amended and Restated 2010 Equity Incentive Plan, including approval of a new ten-year term and an increase in the number of shares reserved thereunder by 3,204,107. | Compensation | Board | AGAINST | 2 | |
| Maxis Berhad | May 14, 2026 | Elect Ong Chu Jin Adrian as Director | Director Elections | Board | AGAINST | 2 | |
| Maze Therapeutics, Inc. | June 8, 2026 | Election of Class I Directors: Neil Kumar, Ph.D. | Director Elections | Board | WITHHOLD | 2 | |
| MediWound Ltd. | February 19, 2026 | Increase Number of Ordinary Shares Under Company's Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Medifast, Inc. | May 19, 2026 | Approve the Amended and Restated 2012 Share Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Megaworld Corporation | June 19, 2026 | Elect Kevin Andrew L. Tan as Director | Director Elections | Board | AGAINST | 2 | |
| MeiraGTx Holdings Plc | June 11, 2026 | Election of Directors: Nicole Seligman | Director Elections | Board | WITHHOLD | 2 | |
| Meitu, Inc. | June 5, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Meitu, Inc. | June 5, 2026 | Approve PricewaterhouseCoopers as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Meitu, Inc. | June 5, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Meitu, Inc. | June 5, 2026 | Elect Hong Yupeng as Director | Director Elections | Board | AGAINST | 2 | |
| Meituan | June 26, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Melia Hotels International SA | May 7, 2026 | Reelect Fernando d'Ornellas Silva as Director | Director Elections | Board | AGAINST | 2 | |
| Melia Hotels International SA | May 7, 2026 | Reelect Luis Maria Diaz de Bustamante y Terminel as Director | Director Elections | Board | AGAINST | 2 | |
| MercadoLibre, Inc. | June 9, 2026 | Election of Directors: Class I Nominees: Stelleo Passos Tolda | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 27, 2026 | A shareholder proposal regarding data protection impact assessment on generative Al chatbots. | Other Social Issues | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 27, 2026 | A shareholder proposal regarding report on Al data usage oversight. | Other Social Issues | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 27, 2026 | A shareholder proposal regarding report on addressing antisemitism and hate in online platforms. | Other Social Issues | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 27, 2026 | A shareholder proposal regarding report on human rights due diligence. | Human Rights or Human Capital/workforce | Shareholder | Against | FOR | 2 |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Andrew W. Houston | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Mark Zuckerberg | Director Elections | Board | WITHHOLD | 2 | |
| Meta Platforms, Inc. | May 27, 2026 | Election of Directors: Tony Xu | Director Elections | Board | WITHHOLD | 2 | |
| Metallurgical Corporation of China Ltd. | June 29, 2026 | Approve Plan of Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Miami International Holdings, Inc. | June 16, 2026 | The election of the 15 director nominees: Talal Jassim Al-Bahar | Director Elections | Board | WITHHOLD | 2 | |
| Mid Penn Bancorp, Inc. | May 12, 2026 | Election of Directors: Joel L. Frank | Director Elections | Board | WITHHOLD | 2 | |
| Midea Group Co., Ltd. | September 24, 2025 | Approve General Mandate to Issue Onshore and Offshore Debt Financing Instruments | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | September 24, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | June 5, 2026 | Approve General Mandate to Issue Shares | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | June 5, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP (Limited Liability Partnership) as Domestic Audit Firm and PricewaterhouseCoopers as Overseas Audit Firm and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Millrose Properties, Inc. | May 18, 2026 | Election of Directors: Matthew B. Gorson | Director Elections | Board | AGAINST | 2 | |
| Millrose Properties, Inc. | May 18, 2026 | Election of Directors: Patrick J. Bartels | Director Elections | Board | AGAINST | 2 | |
| Mineral Resources Limited | November 20, 2025 | Approve Conditional Board Spill Meeting Resolution | Compensation | Board | AGAINST | 2 | |
| Mineral Resources Limited | November 20, 2025 | Approve Grant of Share Rights and Deferred Share Rights to Chris Ellison | Compensation | Board | AGAINST | 2 | |
| Mitsubishi Electric Corp. | June 24, 2026 | Elect Director Egawa, Masako | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Electric Corp. | June 24, 2026 | Elect Director Kosaka, Tatsuro | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Electric Corp. | June 24, 2026 | Elect Director Takazawa, Noriyuki | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Electric Corp. | June 24, 2026 | Elect Director Uruma, Kei | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Electric Corp. | June 24, 2026 | Elect Director Yanagi, Hiroyuki | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Gas Chemical Co., Inc. | June 25, 2026 | Elect Director Fujii, Masashi | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Gas Chemical Co., Inc. | June 25, 2026 | Elect Director Isahaya, Yoshinori | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi HC Capital Inc. | June 25, 2026 | Elect Director Hisai, Taiju | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi HC Capital Inc. | June 25, 2026 | Elect Director Matsunaga, Aiichiro | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi UFJ Financial Group, Inc. | June 26, 2026 | Elect Director Hanzawa, Junichi | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi UFJ Financial Group, Inc. | June 26, 2026 | Elect Director Kuwabara, Satoko | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi UFJ Financial Group, Inc. | June 26, 2026 | Elect Director Suzuki, Miyuki | Director Elections | Board | AGAINST | 2 | |
| Mitsui Fudosan Co., Ltd. | June 26, 2026 | Elect Director Komoda, Masanobu | Director Elections | Board | AGAINST | 2 | |
| Mitsui Fudosan Co., Ltd. | June 26, 2026 | Elect Director Ueda, Takashi | Director Elections | Board | AGAINST | 2 | |
| Mitsui Fudosan Co., Ltd. | June 26, 2026 | Elect Director Yamamoto, Takashi | Director Elections | Board | AGAINST | 2 | |
| Mivne Real Estate (K.D) Ltd. | January 11, 2026 | Reappoint Ernst & Young - Kost Forer Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Mivne Real Estate (K.D) Ltd. | January 11, 2026 | Reelect Doron Cohen as Director | Director Elections | Board | AGAINST | 2 | |
| Mivne Real Estate (K.D) Ltd. | March 5, 2026 | Approve Compensation Policy for the Directors and Officers of the Company | Compensation | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Kihara, Masahiro | Director Elections | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Ono, Kotaro | Director Elections | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Shinohara, Hiromichi | Director Elections | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Take, Hidekatsu | Director Elections | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Tsukioka, Takashi | Director Elections | Board | AGAINST | 2 | |
| Mizuho Financial Group, Inc. | June 26, 2026 | Elect Director Uchida, Takakazu | Director Elections | Board | AGAINST | 2 | |
| Mohawk Industries, Inc. | May 21, 2026 | Election of Directors: Karen A. Smith Bogart | Director Elections | Board | AGAINST | 2 | |
| Molina Healthcare, Inc. | May 6, 2026 | To consider and approve an amendment to the Company's 2025 Equity Incentive Plan to increase the number of shares available for issuance under such plan. | Compensation | Board | AGAINST | 2 | |
| Monarch Casino & Resort, Inc. | May 27, 2026 | Election of Directors: Craig F. Sullivan | Director Elections | Board | AGAINST | 2 | |
| Montage Technology Co., Ltd. | December 26, 2025 | Approve Draft and Summary of Board of Directors Core Executive Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Montage Technology Co., Ltd. | December 26, 2025 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 2 | |
| Montage Technology Co., Ltd. | June 24, 2026 | Approve External Guarantee Limit | Capital Structure | Board | AGAINST | 2 | |
| Montage Technology Co., Ltd. | June 24, 2026 | Approve Grant of General Mandate to the Board to Issue H Shares | Capital Structure | Board | AGAINST | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Abdulazeez Al Sabiq as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Abdulilah Al Tounisi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Abdullah Al Al Sheikh as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Abdullah Al Huseeni as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Ahmed Khoqeer as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Ali Al Oteebi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Batil Al Anzi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Fahd Al Ajmi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Fahd Al Asslami as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Fahd Al Dhufeeri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Faysal Al Assaf as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Faysal Hameed as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Firas Al Fareeh as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Hani Al Bakheetan as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Hani Qashlan as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Ibraheem Ababteen as Director | Director Elections | Board | ABSTAIN | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.