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 |
|---|---|---|---|---|---|---|---|
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Yazeed Al Humayid as Director | Director Elections | Board | ABSTAIN | 2 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Zayd Al Katheeri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Saudi Tadawul Group Holding Co. | June 30, 2026 | Approve Employee Share Plan and Authorize Board to Determine the Terms of the Plan Including The Allocation Price For Each Share Offered To Employees If Offered For Consideration | Compensation | Board | AGAINST | 2 | |
| Saudi Tadawul Group Holding Co. | June 30, 2026 | Authorize Company's Buy-Back of Its Shares Up to 1,220,000 Shares to be Allocated to Employees Stock Incentive Program Funded by Company's Internal Resources, and Authorize Board to Execute All the Related Matters | Capital Structure | Board | AGAINST | 2 | |
| Savers Value Village, Inc. | June 10, 2026 | Election of Directors: Brian Ames | Director Elections | Board | WITHHOLD | 2 | |
| Seagate Technology Holdings plc | October 25, 2025 | Election of Directors: Mark W. Adams | Director Elections | Board | AGAINST | 2 | |
| Seazen Group Limited | May 8, 2026 | Approve Grant Thornton Hong Kong Limited as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Seazen Group Limited | May 8, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Seazen Group Limited | May 8, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Seazen Group Limited | May 8, 2026 | Elect Zhu Zengjin as Director | Director Elections | Board | AGAINST | 2 | |
| Seek Limited | November 19, 2025 | Approve Grant of One Equity Right to Ian Narev | Compensation | Board | AGAINST | 2 | |
| Sembcorp Industries Ltd. | April 29, 2026 | Elect Andreas Sohmen-Pao as Director | Director Elections | Board | AGAINST | 2 | |
| Seria Co. Ltd. | June 25, 2026 | Elect Director Kawai, Eiji | Director Elections | Board | AGAINST | 2 | |
| Seria Co. Ltd. | June 25, 2026 | Elect Director and Audit Committee Member Kataoka, Noriaki | Director Elections | Board | AGAINST | 2 | |
| Seria Co. Ltd. | June 25, 2026 | Elect Director and Audit Committee Member Suzuki, Hiroto | Director Elections | Board | AGAINST | 2 | |
| Service Properties Trust | June 11, 2026 | Election of Trustees. Nominees (for Managing Trustee): Adam Portnoy | Director Elections | Board | AGAINST | 2 | |
| Seven & i Holdings Co., Ltd. | May 27, 2026 | Elect Director Ito, Junro | Director Elections | Board | AGAINST | 2 | |
| Seven & i Holdings Co., Ltd. | May 27, 2026 | Elect Director Stephen Hayes Dacus | Director Elections | Board | AGAINST | 2 | |
| Shaanxi Coal Industry Co., Ltd. | June 11, 2026 | Approve to Formulate the Remuneration Management Measures for Directors and Senior Management Members | Compensation | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | August 14, 2025 | Elect Liew Fui Kiang as Director | Director Elections | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | August 14, 2025 | Elect Liu Qin as Director | Director Elections | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | August 14, 2025 | Elect Tang Qi as Director | Director Elections | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | September 19, 2025 | Approve Providing Guarantees Between Wholly-Owned Subsidiaries of Shanjin International | Capital Structure | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | June 15, 2026 | Approve General Mandate to Issue H Shares | Capital Structure | Board | AGAINST | 2 | |
| Shandong Gold Mining Co., Ltd. | June 26, 2026 | Approve General Mandate for Issue of Debt Financing Instruments Domestically and Internationally | Capital Structure | Board | AGAINST | 2 | |
| Shandong Hualu-Hengsheng Chemical Co., Ltd. | May 21, 2026 | Approve Use of Own Funds to Purchase Structured Deposits | Extraordinary Transactions | Board | AGAINST | 2 | |
| Shandong Nanshan Aluminum Co., Ltd. | June 29, 2026 | Elect Fang Yufeng as Director | Director Elections | Board | AGAINST | 2 | |
| Shandong Sunpaper Co., Ltd. | September 17, 2025 | Amend Dividends Management System | Capital Structure | Board | AGAINST | 2 | |
| Shandong Sunpaper Co., Ltd. | May 22, 2026 | Approve to Appoint Auditor | Audit-related | Board | AGAINST | 2 | |
| Shandong Weigao Group Medical Polymer Company Limited | December 19, 2025 | Elect Li Qiang as Director | Director Elections | Board | AGAINST | 2 | |
| Shandong Weigao Group Medical Polymer Company Limited | May 29, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Shanghai BOCHU Electronic Technology Corp. Ltd. | June 5, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | January 26, 2026 | Elect Du Zhaohui as Director | Director Elections | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | January 26, 2026 | Elect Lu Wen as Director | Director Elections | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | March 24, 2026 | Elect Zhu Yun as Director | Director Elections | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | June 5, 2026 | Approve Provision of Guarantee by Shanghai Electric Power Transmission and Distribution Engineering Co., Ltd. for Shanghai Electric Power Transmission and Distribution Engineering (Malaysia) Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | June 5, 2026 | Approve Provision of Guarantee by Shanghai Institute of Mechanical & Electrical Engineering Co., Ltd. for Shanghai Electric Japan Engineering Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Electric Group Company Limited | June 5, 2026 | Approve Provision of Guarantee by Shenzhen Yinghe Technology Co., Ltd. for Huizhou Yinghe Technology Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Fosun Pharmaceutical (Group) Co., Ltd. | June 16, 2026 | Approve Grant of General Mandate to the Board to Issue A Shares and/or H Shares | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Pharmaceuticals Holding Co., Ltd. | June 25, 2026 | Approve Application for Centralized Registration of Different Types of New Debt Financing Instruments (DFI) | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Pharmaceuticals Holding Co., Ltd. | June 25, 2026 | Approve External Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Pharmaceuticals Holding Co., Ltd. | June 25, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Putailai New Energy Technology Co., Ltd. | September 15, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Putailai New Energy Technology Group Co., Ltd. | December 29, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Shanghai Rural Commercial Bank Co., Ltd. | March 31, 2026 | Elect Chen Haozhi as Non-independent Director | Director Elections | Board | AGAINST | 2 | |
| Shanghai Stonehill Technology Co., Ltd. | May 20, 2026 | Approve Use of Funds to Purchase Financial Products | Extraordinary Transactions | Board | AGAINST | 2 | |
| Shangri-La Asia Limited | May 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Shangri-La Asia Limited | May 29, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Shangri-La Asia Limited | May 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Shanxi Lu'An Environmental Energy Development Co., Ltd. | September 16, 2025 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 2 | |
| Shanxi Lu'An Environmental Energy Development Co., Ltd. | May 20, 2026 | Approve Provision of Financial Assistance | Capital Structure | Board | AGAINST | 2 | |
| Shanxi Xinghuacun Fen Wine Factory Co., Ltd. | June 16, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Shenergy Co., Ltd. | June 26, 2026 | Elect Wu Baijun as Director | Director Elections | Board | AGAINST | 2 | |
| Sheng Siong Group Ltd. | April 29, 2026 | Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Sheng Siong Group Ltd. | April 29, 2026 | Elect Tan Poh Hong as Director | Director Elections | Board | AGAINST | 2 | |
| Shenzhen International Holdings Limited | May 13, 2026 | Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Shenzhen International Holdings Limited | May 13, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Shenzhen International Holdings Limited | May 13, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Shenzhen International Holdings Limited | May 13, 2026 | Elect Wang Peihang as Director | Director Elections | Board | AGAINST | 2 | |
| Shenzhen Transsion Holding Co., Ltd. | December 18, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 2 | |
| Shenzhen Transsion Holding Co., Ltd. | December 18, 2025 | Approve Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Shin-Etsu Chemical Co., Ltd. | June 26, 2026 | Elect Director Akiya, Fumio | Director Elections | Board | AGAINST | 2 | |
| Shin-Etsu Chemical Co., Ltd. | June 26, 2026 | Elect Director Saito, Yasuhiko | Director Elections | Board | AGAINST | 2 | |
| Shopify Inc. | June 16, 2026 | Elect Director Jeremy Levine | Director Elections | Board | AGAINST | 2 | |
| Shopify Inc. | June 16, 2026 | Elect Director Joseph (Joe) Natale | Director Elections | Board | AGAINST | 2 | |
| Shoprite Holdings Ltd. | November 10, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 2 | |
| Shoprite Holdings Ltd. | November 10, 2025 | Re-elect Christo Wiese as Director | Director Elections | Board | AGAINST | 2 | |
| Shriram Finance Limited | December 2, 2025 | Reelect Jugal Kishore Mohapatra as Director | Director Elections | Board | AGAINST | 2 | |
| Sibanye Stillwater Ltd. | May 28, 2026 | Approve Financial Assistance in Terms of Sections 44 and 45 of the Companies Act | Capital Structure | Board | AGAINST | 2 | |
| Sichuan Biokin Pharmaceutical Co., Ltd. | February 9, 2026 | Approve Extending the Validity Period of Resolutions Related to the Company's H-Share Issuance and Listing | Capital Structure | Board | AGAINST | 2 | |
| Sichuan Chuantou Energy Co., Ltd. | December 30, 2025 | Elect Xiang Yongzhong as Director | Director Elections | Board | AGAINST | 2 | |
| Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. | June 29, 2026 | Approve Acquisition of Wealth Management Products with Idle Self-owned Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. | June 29, 2026 | Approve Grant of General Mandate to the Board to Issue Shares and Sell Treasury Shares | Capital Structure | Board | AGAINST | 2 | |
| Sichuan Road & Bridge Co., Ltd. | April 17, 2026 | Elect Zhou Yousu as Director | Director Elections | Board | AGAINST | 2 | |
| Siemens Limited | January 30, 2026 | Approve Continuation of Directorship of Matthias Rebellius | Director Elections | Board | AGAINST | 2 | |
| Sieyuan Electric Co., Ltd. | June 26, 2026 | Elect Qiu Yufeng as Director | Director Elections | Board | AGAINST | 2 | |
| Sight Sciences, Inc. | June 4, 2026 | Election of Class II Directors: Staffan Encrantz | Director Elections | Board | WITHHOLD | 2 | |
| Sigma Foods SAB de CV | March 13, 2026 | Elect Directors and Chairs of Audit and Corporate Practices Committees; Fix Their Remuneration | Director Elections | Board | AGAINST | 2 | |
| SignatureGlobal (India) Ltd. | August 1, 2025 | Approve Increase in Borrowing Limit | Capital Structure | Board | AGAINST | 2 | |
| SignatureGlobal (India) Ltd. | August 1, 2025 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 2 | |
| SignatureGlobal (India) Ltd. | September 23, 2025 | Reelect Kundan Mal Agarwal as Director | Director Elections | Board | AGAINST | 2 | |
| Sika AG | March 24, 2026 | Reappoint Gordana Landen as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 2 | |
| Sika AG | March 24, 2026 | Reappoint Justin Howell as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 2 | |
| Sika AG | March 24, 2026 | Reelect Gordana Landen as Director | Director Elections | Board | AGAINST | 2 | |
| Sika AG | March 24, 2026 | Reelect Justin Howell as Director | Director Elections | Board | AGAINST | 2 | |
| Sika AG | March 24, 2026 | Reelect Lucrece Foufopoulos-De Ridder as Director | Director Elections | Board | AGAINST | 2 | |
| Sime Darby Property Berhad | June 10, 2026 | Approve Allocation of Shares to Azmir Merican Azmi Merican Under the Proposed LTIP | Compensation | Board | AGAINST | 2 | |
| Sime Darby Property Berhad | June 10, 2026 | Approve Establishment of a Long-Term Incentive Plan Comprised of Share Grant Schemes Consisting of Performance and/or Restricted Share Grants | Compensation | Board | AGAINST | 2 | |
| Sino Biopharmaceutical Limited | June 17, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Sino Biopharmaceutical Limited | June 17, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Sinopharm Group Co. Ltd. | December 19, 2025 | Elect Jin Bin as Director and Authorize Board to Fix His Remuneration and Enter into the Service Contract with Him | Director Elections | Board | AGAINST | 2 | |
| Sinopharm Group Co. Ltd. | June 18, 2026 | Approve Delegation of Power of Provision of Guarantees for Subsidiaries | Capital Structure | Board | AGAINST | 2 | |
| Sinopharm Group Co. Ltd. | June 18, 2026 | Approve Grant a General Mandate to the Board to Exercise Power to Allot, Issue and/or Deal with Domestic Shares and/or H Shares, and to Sell or Transfer Any Treasury Shares | Capital Structure | Board | AGAINST | 2 | |
| Sinotruk (Hong Kong) Limited | June 29, 2026 | Elect Lyu Shousheng as Director | Director Elections | Board | AGAINST | 2 | |
| Skyverse Technology Co., Ltd. | May 28, 2026 | Approve Application for Credit Loan Quotas from Relevant Financial Institutions | Capital Structure | Board | AGAINST | 2 | |
| Smoore International Holdings Limited | May 22, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Smoore International Holdings Limited | May 22, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Smoore International Holdings Limited | May 22, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Smoore International Holdings Limited | May 22, 2026 | Elect Wang Xin as Director | Director Elections | Board | AGAINST | 2 | |
| Sofina SA | May 13, 2026 | Reelect Felix Goblet d'Alviella as Director | Director Elections | Board | AGAINST | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.