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 |
|---|---|---|---|---|---|---|---|
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Luiz Francisco Guerra as Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Maria Eduarda Mascarenhas Kertesz as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| Natura Cosmeticos SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Pedro Cruz Villares as Director | Director Elections | Board | ABSTAIN | 2 | |
| Natural Gas Services Group, Inc. | June 10, 2026 | Election of Directors: J. Anthony Gallegos, Jr. | Director Elections | Board | AGAINST | 2 | |
| Nature's Sunshine Products, Inc. | May 6, 2026 | To approve the adoption of the Nature's Sunshine Products, Inc. 2026 Stock Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Navigator Holdings Ltd. | June 15, 2026 | Elect Director Peter Stokes | Director Elections | Board | WITHHOLD | 2 | |
| Nemetschek SE | May 21, 2026 | Approve Management Board Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Netflix, Inc. | June 4, 2026 | Ratification of appointment of independent registered public accounting firm. | Audit-related | Board | AGAINST | 2 | |
| New China Life Insurance Company Ltd. | June 26, 2026 | Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP as Domestic Auditor and Deloitte Touche Tohmatsu as International Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| News Corporation | November 19, 2025 | Election of 6 Directors: Jose Maria Aznar | Director Elections | Board | AGAINST | 2 | |
| News Corporation | November 19, 2025 | Election of 6 Directors: Masroor Siddiqui | Director Elections | Board | AGAINST | 2 | |
| Newsmax Inc. | May 18, 2026 | Election of Directors: R. Alexander Acosta | Director Elections | Board | WITHHOLD | 2 | |
| Nexi SpA | April 29, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Amy Stirling as Director | Director Elections | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Dame Tristia Harrison as Director | Director Elections | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Michael Roney as Director | Director Elections | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Soumen Das as Director | Director Elections | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Tom Hall as Director | Director Elections | Board | AGAINST | 2 | |
| Next Plc | May 21, 2026 | Re-elect Venetia Butterfield as Director | Director Elections | Board | AGAINST | 2 | |
| NextDC Ltd. | November 13, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| NextDecade Corporation | June 3, 2026 | To approve and amendment to the Company's 2017 Omnibus Incentive Plan, as amended, to increase the maximum number of shares available under such plan; | Compensation | Board | AGAINST | 2 | |
| NextEra Energy, Inc. | May 21, 2026 | Election as Directors of the nominees specified in the proxy statement: Amy B. Lane | Director Elections | Board | AGAINST | 2 | |
| Nexteer Automotive Group Limited | June 17, 2026 | Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Nexteer Automotive Group Limited | June 17, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Nexteer Automotive Group Limited | June 17, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Nexteer Automotive Group Limited | June 17, 2026 | Elect Yue, Yun as Director | Director Elections | Board | AGAINST | 2 | |
| Nexteer Automotive Group Limited | June 17, 2026 | Elect Zhang, Wendong as Director | Director Elections | Board | AGAINST | 2 | |
| Nikon Corp. | June 26, 2026 | Elect Director Omura, Yasuhiro | Director Elections | Board | AGAINST | 2 | |
| Nikon Corp. | June 26, 2026 | Elect Director Tokunari, Muneaki | Director Elections | Board | AGAINST | 2 | |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Draft and Summary of Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Ningbo Deye Technology Co., Ltd. | September 16, 2025 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 2 | |
| Ningbo Deye Technology Co., Ltd. | April 30, 2026 | Approve Use of Idle Own Funds for Cash Management | Extraordinary Transactions | Board | AGAINST | 2 | |
| Ningbo Sanxing Medical Electric Co., Ltd. | May 15, 2026 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Ningbo Tuopu Group Co., Ltd. | July 3, 2025 | Approve 2025 Additional External Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Ningbo Tuopu Group Co., Ltd. | April 29, 2026 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 2 | |
| Ningbo Tuopu Group Co., Ltd. | April 29, 2026 | Approve Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Nippon Paint Holdings Co., Ltd. | March 27, 2026 | Elect Director Hara, Hisashi | Director Elections | Board | AGAINST | 2 | |
| Niterra Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Uchiyama, Hideyo | Director Elections | Board | AGAINST | 2 | |
| Nitori Holdings Co., Ltd. | June 25, 2026 | Elect Director Nitori, Akio | Director Elections | Board | AGAINST | 2 | |
| Nitori Holdings Co., Ltd. | June 25, 2026 | Elect Director Shirai, Toshiyuki | Director Elections | Board | AGAINST | 2 | |
| Nongfu Spring Co., Ltd. | May 19, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Nongfu Spring Co., Ltd. | May 19, 2026 | Elect Gu Zhaoyang as Director | Director Elections | Board | AGAINST | 2 | |
| Nongfu Spring Co., Ltd. | May 19, 2026 | Elect Han Linyou as Director | Director Elections | Board | AGAINST | 2 | |
| Nongfu Spring Co., Ltd. | May 19, 2026 | Elect Zhong Shanshan as Director | Director Elections | Board | AGAINST | 2 | |
| Nordex SE | May 5, 2026 | Reelect Juan Girod to the Supervisory Board | Director Elections | Board | AGAINST | 2 | |
| Norwegian Cruise Line Holdings Ltd. | June 11, 2026 | Approval of an amendment to our 2013 Performance Incentive Plan (our "Plan"), including an increase in the number of shares available for grant under our Plan | Compensation | Board | AGAINST | 2 | |
| NovaGold Resources Inc. | May 14, 2026 | Approval of Non-Binding Advisory Vote on Executive Compensation To consider and, if deemed advisable, pass a non-binding resolution approving the compensation of the Company's Named Executive Officers. | Say-on-Pay | Board | AGAINST | 2 | |
| NovaGold Resources Inc. | May 14, 2026 | Approval of the Amendment to the Company's Stock Award Plan and the Unallocated Entitlements Thereunder To consider and, if thought advisable, pass, with or without amendment, an ordinary resolution, approving the amendment to the Company's Stock Award Plan to reduce the maximum share reservation limit from 8% to 7% and unallocated awards, rights or other entitlements thereunder. | Compensation | Board | AGAINST | 2 | |
| NovoCure Limited | June 3, 2026 | The approval of our amended and restated 2024 Omnibus Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Novonesis (Novozymes A/S) | March 23, 2026 | Reelect Heine Dalsgaard (Vice Chair) as Director | Director Elections | Board | ABSTAIN | 2 | |
| Nu Holdings Ltd. | September 8, 2025 | Elect David Velez Osorno, Anita Mary Sands, David Alexandre Marcus, Douglas Mauro Leone, Jacqueline Dawn Reses, Luis Alberto Moreno Mejia, Roberto de Oliveira Campos Neto, Rogerio Paulo Calderon Peres and Thuan Quang Pham as Directors | Director Elections | Board | AGAINST | 2 | |
| Nu Skin Enterprises, Inc. | May 28, 2026 | Approval of our Amended and Restated 2024 Omnibus Incentive Plan | Compensation | Board | AGAINST | 2 | |
| NuScale Power Corporation | May 29, 2026 | Election of Directors: Stuart Harshaw | Director Elections | Board | WITHHOLD | 2 | |
| Nuvation Bio Inc. | May 21, 2026 | Election of Directors: Robert Bazemore | Director Elections | Board | WITHHOLD | 2 | |
| Nyfosa AB | May 5, 2026 | Reelect David Mindus as Board Chair | Director Elections | Board | AGAINST | 2 | |
| Nyfosa AB | May 5, 2026 | Reelect David Mindus as Director | Director Elections | Board | AGAINST | 2 | |
| Nyfosa AB | May 5, 2026 | Reelect Ulrika Danielsson as Director | Director Elections | Board | AGAINST | 2 | |
| ORA BANDA MINING LTD | November 19, 2025 | REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| ORIC Pharmaceuticals, Inc. | June 18, 2026 | To approve the ORIC Pharmaceuticals, Inc. 2020 Equity Incentive Plan, as amended and restated. | Compensation | Board | AGAINST | 2 | |
| ORLEN SPOLKA AKCYJNA | June 9, 2026 | CONSIDERATION OF AND VOTING ON A RESOLUTION TO ENDORSE THE SUPERVISORY BOARD'S REPORT ON REMUNERATION OF MEMBERS OF THE MANAGEMENT BOARD AND THE SUPERVISORY BOARD FOR 2025 | Say-on-Pay | Board | AGAINST | 2 | |
| OUTsurance Group Ltd. | November 25, 2025 | Approve Non-executive Directors' Remuneration | Compensation | Board | AGAINST | 2 | |
| OUTsurance Group Ltd. | November 25, 2025 | Re-elect Jannie Durand as Director | Director Elections | Board | AGAINST | 2 | |
| Octave Specialty Group, Inc. | May 28, 2026 | To approve Octave's 2026 Incentive Compensation Plan | Compensation | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Elect Arunangshu Sarkar as Director | Director Elections | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Elect Manish Pareek as Director | Director Elections | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Elect Om Prakash Sinha as Director | Director Elections | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Elect Reena Jaitly as Director | Director Elections | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Elect Vikram Saxena as Director | Director Elections | Board | AGAINST | 2 | |
| Oil & Natural Gas Corporation Limited | August 29, 2025 | Reelect Manish Patil as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Abhijit Majumder as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Ankur Baruah as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Moti Lal Meena as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Pooja Suri as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Raju Revanakar as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Elect Trailukya Borgohain as Director | Director Elections | Board | AGAINST | 2 | |
| Oil India Limited | September 18, 2025 | Reelect Saloma Yomdo as Director | Director Elections | Board | AGAINST | 2 | |
| Oil-Dri Corporation of America | December 9, 2025 | Election of Directors: Ellen-Blair Chube | Director Elections | Board | WITHHOLD | 2 | |
| Oil-Dri Corporation of America | December 9, 2025 | Election of Directors: Michael A. Nemeroff | Director Elections | Board | WITHHOLD | 2 | |
| Okta, Inc. | June 18, 2026 | To approve an amendment to our 2017 Equity Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Old Mutual Ltd. | June 5, 2026 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 2 | |
| Olympus Corp. | June 25, 2026 | Elect Director Gary John Pruden | Director Elections | Board | AGAINST | 2 | |
| Olympus Corp. | June 25, 2026 | Elect Director Iwasaki, Masato | Director Elections | Board | AGAINST | 2 | |
| Olympus Corp. | June 25, 2026 | Elect Director Luann Marie Pendy | Director Elections | Board | AGAINST | 2 | |
| OmniAb, Inc. | June 17, 2026 | Election of Directors: Jennifer Cochran, Ph.D. | Director Elections | Board | WITHHOLD | 2 | |
| Omnivision Integrated Circuits Group, Inc. | May 7, 2026 | Approve Grant of General Mandate to Issue A Shares and/or H Shares | Capital Structure | Board | AGAINST | 2 | |
| Oracle Corporation | November 18, 2025 | Advisory Vote to Approve the Compensation of our Named Executive Officers | Say-on-Pay | Board | AGAINST | 2 | |
| Oracle Corporation | November 18, 2025 | Election of Directors: Awo Ablo | Director Elections | Board | WITHHOLD | 2 | |
| Oracle Corporation | November 18, 2025 | Election of Directors: Bruce R. Chizen | Director Elections | Board | WITHHOLD | 2 | |
| Orion Group Holdings, Inc. | May 19, 2026 | The approval of a proposed amendment to the Company's 2022 Long Term Incentive Plan, as amended, to: (i) increase the number of shares of common stock authorized for issuance under the plan by 2,000,000 shares from 3,735,000 shares to 5,735,000 shares; and (ii) expand the per person award limitations thereunder to apply to all Eligible Persons, including all members of the Board. | Compensation | Board | AGAINST | 2 | |
| PAMT Corp | April 30, 2026 | Election of Directors: Lance K. Stewart | Director Elections | Board | WITHHOLD | 2 | |
| PAMT Corp | April 30, 2026 | Election of Directors: Matthew T. Moroun | Director Elections | Board | WITHHOLD | 2 | |
| PAN AFRICAN RESOURCES PLC | November 20, 2025 | APPROVE REMUNERATION IMPLEMENTATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| PB Fintech Ltd. | June 12, 2026 | Amend PB Fintech Employees Stock Option Plan 2021 | Compensation | Board | AGAINST | 2 | |
| PEOPLES FINANCIAL CORPORATION | April 22, 2026 | Advisory (non-binding) proposal to approve compensation of the named executive officers as set forth under the heading "Compensation of Directors and Executive Officers." | Say-on-Pay | Board | AGAINST | 2 | |
| PERPETUAL LTD | October 23, 2025 | ADOPTION OF THE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| PERSOL Holdings Co., Ltd. | June 23, 2026 | Elect Director and Audit Committee Member Tomoda, Kazuhiko | Director Elections | Board | AGAINST | 2 | |
| PGE Polska Grupa Energetyczna SA | June 18, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| PGE Polska Grupa Energetyczna SA | June 18, 2026 | Elect Supervisory Board Member | Director Elections | Board | AGAINST | 2 | |
| PGE Polska Grupa Energetyczna SA | June 18, 2026 | Recall Supervisory Board Member | Director Elections | Board | AGAINST | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.