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 |
|---|---|---|---|---|---|---|---|
| Toho Co., Ltd. | May 28, 2026 | Elect Director Matsuoka, Hiroyasu | Director Elections | Board | AGAINST | 2 | |
| Toho Co., Ltd. | May 28, 2026 | Elect Director Tako, Nobuyuki | Director Elections | Board | AGAINST | 2 | |
| Tokio Marine Holdings, Inc. | June 29, 2026 | Elect Director Koike, Masahiro | Director Elections | Board | AGAINST | 2 | |
| Tokio Marine Holdings, Inc. | June 29, 2026 | Elect Director Komiya, Satoru | Director Elections | Board | AGAINST | 2 | |
| Tokio Marine Holdings, Inc. | June 29, 2026 | Elect Director and Audit Committee Member Shindo, Kosei | Director Elections | Board | AGAINST | 2 | |
| Tokyo Gas Co., Ltd. | June 26, 2026 | Elect Director Sasayama, Shinichi | Director Elections | Board | AGAINST | 2 | |
| Tokyo Gas Co., Ltd. | June 26, 2026 | Elect Director Tannowa, Tsutomu | Director Elections | Board | AGAINST | 2 | |
| Tokyo Gas Co., Ltd. | June 26, 2026 | Elect Director Uchida, Takashi | Director Elections | Board | AGAINST | 2 | |
| Tokyo Gas Co., Ltd. | June 26, 2026 | Elect Director Yamamura, Masayuki | Director Elections | Board | AGAINST | 2 | |
| Tokyo Gas Co., Ltd. | June 26, 2026 | Elect Director Yoshitaka, Mari | Director Elections | Board | AGAINST | 2 | |
| Tongcheng Travel Holdings Limited | June 16, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Tongcheng Travel Holdings Limited | June 16, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Tongling Nonferrous Metals Group Co., Ltd. | May 13, 2026 | Elect Ding Shiqi as Director | Director Elections | Board | AGAINST | 2 | |
| Tongwei Co., Ltd. | May 20, 2026 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 2 | |
| Tongwei Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee Among the Company and Subsidiary | Capital Structure | Board | AGAINST | 2 | |
| Topsports International Holdings Limited | July 18, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Topsports International Holdings Limited | July 18, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Topsports International Holdings Limited | July 18, 2025 | Elect Huang Victor as Director | Director Elections | Board | AGAINST | 2 | |
| Topsports International Holdings Limited | July 18, 2025 | Elect Yu Wu as Director | Director Elections | Board | AGAINST | 2 | |
| Toray Industries, Inc. | June 24, 2026 | Elect Director Tsunekawa, Tetsuya | Director Elections | Board | AGAINST | 2 | |
| Tosei Corp. | February 26, 2026 | Elect Director Yamaguchi, Seiichiro | Director Elections | Board | AGAINST | 2 | |
| Toyo Suisan Kaisha, Ltd. | June 25, 2026 | Elect Director Sumimoto, Noritaka | Director Elections | Board | AGAINST | 2 | |
| Toyoda Gosei Co., Ltd. | June 24, 2026 | Elect Director Miyazaki, Naoki | Director Elections | Board | AGAINST | 2 | |
| Toyoda Gosei Co., Ltd. | June 24, 2026 | Elect Director Saito, Katsumi | Director Elections | Board | AGAINST | 2 | |
| Toyota Tsusho Corp. | June 23, 2026 | Elect Director Didier Leroy | Director Elections | Board | AGAINST | 2 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to General Manager, U.S. | Compensation | Board | AGAINST | 2 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to Global Chief Executive Officer. | Compensation | Board | AGAINST | 2 | |
| Travelzoo | April 20, 2026 | Vote to approve option grant to Head of Engineering. | Compensation | Board | AGAINST | 2 | |
| Treace Medical Concepts, Inc. | May 19, 2026 | Election of Directors: Elizabeth S. Hanna | Director Elections | Board | WITHHOLD | 2 | |
| Trend Micro, Inc. | March 26, 2026 | Elect Director Chang Ming-Jang | Director Elections | Board | AGAINST | 2 | |
| Trent Limited | May 27, 2026 | Approve Extension of Benefits under Trent Limited - Employee Stock Option Plan 2026 to Employees of the Group Company(ies) Including Subsidiary and/or Associate Company(ies) | Compensation | Board | AGAINST | 2 | |
| Trent Limited | May 27, 2026 | Approve Trent Limited - Employee Stock Option Plan 2026 | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | August 14, 2025 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | December 29, 2025 | Approve Comprehensive Financing and Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Authorization of the Board to Handle All Matters Related to the Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Authorization of the Board to Handle All Matters Related to the Performance Share Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Draft and Summary of Performance Share Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Management Measures for Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Trina Solar Co., Ltd. | February 9, 2026 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 2 | |
| Tronox Holdings Plc | April 28, 2026 | Approve an amendment to the Tronox Holdings plc Amended and Restated Management Equity Incentive Plan for the sole purpose of increasing the authorized shares thereunder. | Compensation | Board | AGAINST | 2 | |
| TrueBlue, Inc. | May 11, 2026 | Approval of the Amendment and Restatement of the Company's 2016 Omnibus Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Tube Investments of India Limited | March 19, 2026 | Reelect Anand Kumar as Director | Director Elections | Board | AGAINST | 2 | |
| Turk Hava Yollari AO | April 9, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Turk Hava Yollari AO | April 9, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 2 | |
| Turkiye Is Bankasi AS | March 31, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Turkiye Is Bankasi AS | March 31, 2026 | Elect Directors | Director Elections | Board | AGAINST | 2 | |
| Turkiye Sise ve Cam Fabrikalari AS | March 27, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Turkiye Vakiflar Bankasi TAO | April 9, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Turkiye Vakiflar Bankasi TAO | April 9, 2026 | Elect Directors | Director Elections | Board | AGAINST | 2 | |
| Turkiye Vakiflar Bankasi TAO | April 9, 2026 | Elect Members of Audit Committee | Director Elections | Board | AGAINST | 2 | |
| Twist Bioscience Corporation | February 5, 2026 | Election of Class II Directors: Keith Crandell | Director Elections | Board | WITHHOLD | 2 | |
| Two Point Zero Group PJSC | December 18, 2025 | Elect Nine Members for the Company's Board of Directors | Director Elections | Board | AGAINST | 2 | |
| UBTECH Robotics Corp. Ltd. | December 10, 2025 | Approve Providing Guarantees to Subsidiaries | Capital Structure | Board | AGAINST | 2 | |
| UBTECH Robotics Corp. Ltd. | May 7, 2026 | Approve Grant of General Mandate to the Board to Issue Shares | Capital Structure | Board | AGAINST | 2 | |
| UBTECH Robotics Corp. Ltd. | May 7, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP as External Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| UCB SA | April 30, 2026 | Reelect Jean-Christophe Tellier as Director | Director Elections | Board | AGAINST | 2 | |
| UNIVERSAL MUSIC GROUP N.V. | May 13, 2026 | ADVISORY VOTE ON THE 2025 REMUNERATION REPORT (ADVISORY VOTE) | Say-on-Pay | Board | AGAINST | 2 | |
| USA Rare Earth, Inc. | June 3, 2026 | Election of Directors: Carolyn Trabuco | Director Elections | Board | WITHHOLD | 2 | |
| USA Rare Earth, Inc. | June 3, 2026 | Election of Directors: Michael Blitzer | Director Elections | Board | WITHHOLD | 2 | |
| Uber Technologies, Inc. | May 4, 2026 | Election of Directors: Ronald Sugar | Director Elections | Board | AGAINST | 2 | |
| Ulker Biskuvi Sanayi AS | June 8, 2026 | Amend Articles 7: Capital Related | Capital Structure | Board | AGAINST | 2 | |
| Ultragenyx Pharmaceutical Inc. | May 14, 2026 | Nominees: Shehnaaz Suliman, M.D. | Director Elections | Board | WITHHOLD | 2 | |
| Umicore SA | April 30, 2026 | Reelect Marc Grynberg as Member of the Supervisory Board | Director Elections | Board | AGAINST | 2 | |
| Union Bank of India | August 1, 2025 | Elect Suraj Srivastava as Part-Time Non-Official Director | Director Elections | Board | AGAINST | 2 | |
| Unisys Corporation | April 30, 2026 | Election of Directors: Matthew J. Desch | Director Elections | Board | AGAINST | 2 | |
| United Plantations Berhad | April 22, 2026 | Elect Mohamad Nasir bin Ab. Latif as Director | Director Elections | Board | AGAINST | 2 | |
| United Spirits Limited | August 29, 2025 | Elect Mark Dominic Sandys as Director | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Appoint Petra Denk as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Reappoint Libo Zhang as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Reappoint Urs Leinhaeuser as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Reelect Libo Zhang as Director | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Reelect Petra Denk as Director | Director Elections | Board | AGAINST | 2 | |
| VAT Group AG | April 28, 2026 | Reelect Urs Leinhaeuser as Director | Director Elections | Board | AGAINST | 2 | |
| VAULT MINERALS LIMITED | November 14, 2025 | ADOPTION OF REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| VIDRALA SA | April 29, 2026 | ADVISORY VOTE ON REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| VISTRY GROUP PLC | May 13, 2026 | APPROVE REMUNERATION REPORT | Say-on-Pay | Board | AGAINST | 2 | |
| VROOM, INC. | June 11, 2026 | Approve, on an advisory (non-binding) basis, the compensation of the named executive officers of the Company. | Say-on-Pay | Board | AGAINST | 2 | |
| Vallourec SA | May 21, 2026 | Ratify Appointment of David Clarke as Director | Director Elections | Board | AGAINST | 2 | |
| Varun Beverages Limited | April 1, 2026 | Approve Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director | Director Elections | Board | AGAINST | 2 | |
| Vend Marketplaces ASA | April 30, 2026 | Elect Karl-Christian Agerup as Board Chair | Director Elections | Board | AGAINST | 2 | |
| Vend Marketplaces ASA | April 30, 2026 | Reelect Karl-Christian Agerup as Director | Director Elections | Board | AGAINST | 2 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Michael Sabel | Director Elections | Board | WITHHOLD | 2 | |
| Venture Global, Inc. | May 27, 2026 | Election of the 7 director nominees named in this proxy statement: Robert Pender | Director Elections | Board | WITHHOLD | 2 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | July 30, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | November 6, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | November 6, 2025 | Approve Draft and Summary of Performance Shares Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | November 6, 2025 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 2 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | April 29, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Vibra Energia SA | April 15, 2026 | Elect Directors | Director Elections | Board | AGAINST | 2 | |
| Victory Giant Technology (HuiZhou) Co., Ltd. | June 29, 2026 | Approve Grant of General Mandate to Issue Shares (Including Sale or Transfer of Treasury Shares) | Capital Structure | Board | AGAINST | 2 | |
| Victory Giant Technology (HuiZhou) Co., Ltd. | June 29, 2026 | Approve Increase in the Use of Idle Self-Owned Funds for Cash Management | Extraordinary Transactions | Board | AGAINST | 2 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: John J. Sumas | Director Elections | Board | WITHHOLD | 2 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: John P. Sumas | Director Elections | Board | WITHHOLD | 2 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Robert Sumas | Director Elections | Board | WITHHOLD | 2 | |
| Village Super Market, Inc. | December 12, 2025 | Election of Directors: Steven Crystal | Director Elections | Board | WITHHOLD | 2 | |
| Virbac SA | June 29, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 2 | |
| Virbac SA | June 29, 2026 | Authorize Repurchase of Up to 10 Percent of Issued Share Capital | Capital Structure | Board | AGAINST | 2 | |
| Virbac SA | June 29, 2026 | Reelect Olivier Charmeil as Director | Director Elections | Board | AGAINST | 2 | |
| Virbac SA | June 29, 2026 | Reelect Philippe Capron as Director | Director Elections | Board | AGAINST | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.