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 |
|---|---|---|---|---|---|---|---|
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Khalid Al Nuweesir as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Khalid Al Saleem as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Khalid Al Shineebir as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mahir Al Abawi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Majid Al Baddah as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Majid Fattah as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Katheeri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Mutlaq as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Qahtani as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Shayiea as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Shihri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Subayee as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Sultan as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Mohammed Al Tuweejri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Muhannad Abou Al Majd as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Muslih Al Harith as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Nasir Al Subayee as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Nawaf Al Husni as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Omar Abduljabbar as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Omar Al Ajjaji as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Saeed Al Harthi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Sami Al Abdulkareem as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Sami Al Babteen as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Saoud Al Arfaj as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Shabnam Mohammed as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Sulayman Al Khazzi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Sulayman Al Numeer as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Sulayman Al Omeeri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Tariq Al Saad as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Wael Al Bassam as Director | Director Elections | Board | ABSTAIN | 2 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Yasir Al Harbi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Movado Group, Inc. | June 17, 2026 | Election of Directors: Ann Kirschner | Director Elections | Board | WITHHOLD | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Ana Paula Kaminitz Peres as Director | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Eduardo Kaminitz Peres as Director | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Gustavo Henrique de Barroso Franco as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Isaac Peres as Board Chair | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Isaac Peres as Director | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Paulo Ferraz do Amaral as Director | Director Elections | Board | AGAINST | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Ana Paula Kaminitz Peres as Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Antonio Paulo Carvalho Pierotti as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Eduardo Kaminitz Peres as Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Gustavo Henrique de Barroso Franco as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Jose Isaac Peres as Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Jose Paulo Ferraz do Amaral as Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Leonardo Porciuncula Gomes Pereira as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Multiply Group PJSC | September 1, 2025 | Elect Two Members to the Company's Board of Directors | Director Elections | Board | AGAINST | 2 | |
| Multiply Group PJSC | November 10, 2025 | Amend Article 8 of Company's Articles of Association to Reflect Changes in Capital | Capital Structure | Board | AGAINST | 2 | |
| Multiply Group PJSC | November 10, 2025 | Approve Acquisition of All Shares of Two Point Zero Holding RSC Limited Through a Capital Increase by Issuing 21,597,689,333 Shares | Extraordinary Transactions | Board | AGAINST | 2 | |
| Multiply Group PJSC | November 10, 2025 | Approve Acquisition of All the Shares of IHC Food Holding LLC and IHC Companies Management LLC in Ghitha Holding PJSC Through Issuing 1,765,936,964 Shares to the Vendors or any of their Subsidiaries, Related Allied or Sister Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Multiply Group PJSC | November 10, 2025 | Approve Increase in Company's Issued Capital from AED 2,800,000,000 to 8,640,906,574 Through Issuance of 23,363,626,297 New Shares in Relation to the Acquisitions | Extraordinary Transactions | Board | AGAINST | 2 | |
| NACCO Industries, Inc. | May 15, 2026 | Election of Directors: Valerie Gentile Sachs | Director Elections | Board | WITHHOLD | 2 | |
| NAURA Technology Group Co., Ltd. | December 8, 2025 | Approve Draft and Summary of Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| NAURA Technology Group Co., Ltd. | December 8, 2025 | Approve Management Method of Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| NCC AB | May 5, 2026 | Reelect Alf Goransson (Chair), Ida Aall Gram, Cecilia Fasth, Mats Jonsson, Daniel Kjorberg Siraj and Birgit Norgaard as Directors; Elect Niklas Persson as New Director | Director Elections | Board | AGAINST | 2 | |
| NEC Corp. | June 19, 2026 | Elect Director Mochizuki, Harufumi | Director Elections | Board | AGAINST | 2 | |
| NEC Corp. | June 19, 2026 | Elect Director Morita, Takayuki | Director Elections | Board | AGAINST | 2 | |
| NEC Corp. | June 19, 2026 | Elect Director Niino, Takashi | Director Elections | Board | AGAINST | 2 | |
| NEC Corp. | June 19, 2026 | Elect Director Sato, Shinjiro | Director Elections | Board | AGAINST | 2 | |
| NEC Corp. | June 19, 2026 | Elect Director Yamada, Yoshihito | Director Elections | Board | AGAINST | 2 | |
| NEXI S.P.A. | April 29, 2026 | REPORT ON REMUNERATION POLICY AND COMPENSATION PAID: REPORT ON THE COMPENSATION PAID IN 2025 (NON-BINDING RESOLUTION) | Say-on-Pay | Board | AGAINST | 2 | |
| NGK Corp. | June 29, 2026 | Appoint Statutory Auditor Watanabe, Go | Compensation | Board | AGAINST | 2 | |
| NHPC Limited | August 30, 2025 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 2 | |
| NHPC Limited | August 30, 2025 | Elect Suprakash Adhikari as Director | Director Elections | Board | AGAINST | 2 | |
| NHPC Limited | August 30, 2025 | Reelect Jiji Joseph as Director | Director Elections | Board | AGAINST | 2 | |
| NHPC Limited | August 30, 2025 | Reelect Uday Sakharam Nirgudkar as Director | Director Elections | Board | AGAINST | 2 | |
| NIO Inc. | June 24, 2026 | Elect Director Hai Wu | Director Elections | Board | AGAINST | 2 | |
| NL Industries, Inc. | May 14, 2026 | Election of Directors: Michael S. Simmons | Director Elections | Board | WITHHOLD | 2 | |
| NMDC Limited | August 28, 2025 | Elect Achal Kumar Sinha as Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Elect Amitava Mukherjee as Director and Approve Appointment of Amitava Mukherjee as Chairman and Managing Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Elect Ashish Chatterjee as Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Elect Priyadarshini Gaddam as Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Reelect Sanjay Tandon as Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Reelect Vinay Kumar as Director | Director Elections | Board | AGAINST | 2 | |
| NMDC Limited | August 28, 2025 | Reelect Vishwanath Suresh as Director | Director Elections | Board | AGAINST | 2 | |
| NP3 Fastigheter AB | May 6, 2026 | Approve Issuance of Up To 6.1 Million Oridnary Shares without Preemptive Rights; Approve Issuance of Up To 15 Million Preference Shares without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| NRW HOLDINGS LTD | November 27, 2025 | REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Approve Implementation Report of the Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Authorise Board to Issue Shares for Cash | Capital Structure | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Authorise Repurchase of A Ordinary Shares | Capital Structure | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Authorise Specific Repurchase of N Ordinary Shares from Holders of N Ordinary Share | Extraordinary Transactions | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Place Authorised but Unissued Shares under Control of Directors | Capital Structure | Board | AGAINST | 2 | |
| Naspers Ltd. | August 21, 2025 | Re-elect Steve Pacak as Chairman of the Audit Committee | Director Elections | Board | AGAINST | 2 | |
| NatWest Group Plc | April 28, 2026 | Re-elect Lena Wilson as Director | Director Elections | Board | AGAINST | 2 | |
| NatWest Group Plc | April 28, 2026 | Re-elect Patrick Flynn as Director | Director Elections | Board | AGAINST | 2 | |
| NatWest Group Plc | April 28, 2026 | Re-elect Rick Haythornthwaite as Director | Director Elections | Board | AGAINST | 2 | |
| NatWest Group Plc | April 28, 2026 | Re-elect Stuart Lewis as Director | Director Elections | Board | AGAINST | 2 | |
| National Australia Bank Limited | December 12, 2025 | Elect Philip Chronican as Director | Director Elections | Board | AGAINST | 2 | |
| National Bank of Kuwait SAK | March 14, 2026 | Authorize Issuance of Bonds and Authorize the Board to Assign any Delegate to Take All the Necessary Procedures | Capital Structure | Board | AGAINST | 2 | |
| National Bank of Kuwait SAK | March 14, 2026 | Authorize Issuance of Loans, Guarantees and Facilities to Directors for FY 2026 | Compensation | Board | AGAINST | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Alessandro Giuseppe Carlucci as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Flavia Buarque de Almeida as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Gabriela Chaves Schwery Comazzetto as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Guilherme Ruggiero Passos as Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Joao Paulo Brotto Ferreira Goncalves as Director | Director Elections | Board | ABSTAIN | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.