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 |
|---|---|---|---|---|---|---|---|
| Vishal Mega Mart Ltd. | September 29, 2025 | Approve Payment of Remuneration to Gunender Kapur as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 2 | |
| Vistra Corp. | April 29, 2026 | To elect the following 11 directors: Hilary E. Ackermann | Director Elections | Board | AGAINST | 2 | |
| Vodafone Idea Limited | August 25, 2025 | Reelect Anjani Kumar Agrawal as Director | Director Elections | Board | AGAINST | 2 | |
| Vodafone Idea Limited | August 25, 2025 | Reelect Kumar Mangalam Birla as Director | Director Elections | Board | AGAINST | 2 | |
| Voltas Limited | July 8, 2025 | Reelect Noel Tata as Director | Director Elections | Board | AGAINST | 2 | |
| Vukile Property Fund Ltd. | September 1, 2025 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 2 | |
| W&T Offshore, Inc. | June 3, 2026 | To amend the Company's 2023 Incentive Compensation Plan to increase the number of shares of the Company's common stock available for issuance thereunder from 10,000,000 to 22,000,000. | Compensation | Board | AGAINST | 2 | |
| WAAREE Energies Ltd. | September 24, 2025 | Elect Hitesh Pranjivan Mehta as Director | Director Elections | Board | AGAINST | 2 | |
| WEG SA | April 23, 2026 | Approve Classification of Dan Ioschpe as Independent Director | Director Elections | Board | AGAINST | 2 | |
| WEG SA | April 23, 2026 | Elect Directors | Director Elections | Board | AGAINST | 2 | |
| WEG SA | April 23, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Dan Ioschpe as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Decio da Silva as Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Harry Schmelzer Junior as Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Martin Werninghaus as Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Nildemar Secches as Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Sergio Luiz Silva Schwartz as Director | Director Elections | Board | ABSTAIN | 2 | |
| WEG SA | April 23, 2026 | Percentage of Votes to Be Assigned - Elect Tania Conte Cosentino as Independent Director | Director Elections | Board | ABSTAIN | 2 | |
| WPP Plc | May 8, 2026 | Approve Compensation Committee Report | Compensation | Board | AGAINST | 2 | |
| WPP Plc | May 8, 2026 | Approve Directors' Compensation Policy | Compensation | Board | AGAINST | 2 | |
| Wallenstam AB | April 28, 2026 | Approve Synthetic Stock Option Plan for Key Employees | Compensation | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect Chih-Chao Chen, a Representative of CHEN-YUNG FOUNDATION with Shareholder No. 00053808, as Non-Independent Director | Director Elections | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect Randy Chen, a Representative of CHEN-YUNG FOUNDATION with Shareholder No. 00053808, as Non-Independent Director | Director Elections | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect Stephanie Lin, with Shareholder No. 00290720, as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect Yi-Sheng Tseng, with Shareholder No. A123315XXX, as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect a Representative of Jiufu Garden Co., Ltd., with Shareholder No. 00175910, as Non-independent Director | Director Elections | Board | AGAINST | 2 | |
| Wan Hai Lines Ltd. | May 28, 2026 | Elect a Representative of Sunshine Construction Co., Ltd. with Shareholder No. 00079923, as Non-independent Director | Director Elections | Board | AGAINST | 2 | |
| Wanhua Chemical Group Co., Ltd. | June 22, 2026 | Elect Ma Yuguo as Director | Director Elections | Board | AGAINST | 2 | |
| Warby Parker Inc. | June 8, 2026 | Election of Directors: Ronald Williams | Director Elections | Board | WITHHOLD | 2 | |
| Waters Corporation | May 21, 2026 | To approve, on a non-binding, advisory basis, the compensation of the Company's executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| Watsco, Inc. | June 1, 2026 | Election of Director: Ana Lopez-Blazquez | Director Elections | Board | AGAINST | 2 | |
| Wave Life Sciences Ltd. | August 5, 2025 | The election of the nominees for director: Christian Henry | Director Elections | Board | AGAINST | 2 | |
| Wave Life Sciences Ltd. | August 5, 2025 | To authorize the Board of Directors to allot and issue Ordinary Shares of Wave Life Sciences Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Weave Communications, Inc. | June 10, 2026 | Election of Directors: Debora Tomlin | Director Elections | Board | WITHHOLD | 2 | |
| Weave Communications, Inc. | June 10, 2026 | Election of Directors: George Scanlon | Director Elections | Board | WITHHOLD | 2 | |
| Wells Fargo & Company | April 28, 2026 | Shareholder Proposal - Report on High-Carbon Financing Litigation Risks. | Environment or Climate | Shareholder | Against | FOR | 2 |
| Westlake Corporation | May 14, 2026 | Election of Class I Directors: Jeffrey W. Sheets | Director Elections | Board | WITHHOLD | 2 | |
| Westpac Banking Corporation | December 11, 2025 | Elect Peter Nash as Director | Director Elections | Board | AGAINST | 2 | |
| Westwood Holdings Group, Inc. | April 30, 2026 | To approve the Twelfth Amended and Restated Westwood Holdings Group, Inc. Stock Incentive Plan. | Compensation | Board | AGAINST | 2 | |
| Wheaton Precious Metals Corp. | May 8, 2026 | Elect Director Chantal Gosselin | Director Elections | Board | WITHHOLD | 2 | |
| Wheaton Precious Metals Corp. | May 8, 2026 | Elect Director Charles A. Jeannes | Director Elections | Board | WITHHOLD | 2 | |
| Wheaton Precious Metals Corp. | May 8, 2026 | Elect Director Jaimie Donovan | Director Elections | Board | WITHHOLD | 2 | |
| Wheaton Precious Metals Corp. | May 8, 2026 | Elect Director Jeane Hull | Director Elections | Board | WITHHOLD | 2 | |
| Whitecap Resources Inc. | May 13, 2026 | Elect Director Bradley J. Wall | Director Elections | Board | WITHHOLD | 2 | |
| Whitecap Resources Inc. | May 13, 2026 | Elect Director Glenn A. McNamara | Director Elections | Board | WITHHOLD | 2 | |
| Wilmar International Limited | April 23, 2026 | Approve Grant of Options and Issuance of Shares Under the Wilmar Executives Share Option Scheme 2019 | Compensation | Board | AGAINST | 2 | |
| Wilmar International Limited | April 23, 2026 | Elect Kuok Khoon Hong as Director | Director Elections | Board | AGAINST | 2 | |
| Wilmar International Limited | April 23, 2026 | Elect Kuok Khoon Hua as Director | Director Elections | Board | AGAINST | 2 | |
| Wiwynn Corp. | May 25, 2026 | Approve Issuance of Restricted Stocks | Compensation | Board | AGAINST | 2 | |
| Wiwynn Corp. | May 25, 2026 | Elect SIMON DZENG as Independent Director | Director Elections | Board | AGAINST | 2 | |
| Woolworths Group Limited | October 30, 2025 | Elect Jennifer Carr-Smith as Director | Director Elections | Board | AGAINST | 2 | |
| Woolworths Group Limited | October 30, 2025 | Elect Kathee Tesija as Director | Director Elections | Board | AGAINST | 2 | |
| Worley Limited | November 20, 2025 | Elect John Grill as Director | Director Elections | Board | AGAINST | 2 | |
| Wuxi Biologics (Cayman) Inc. | June 10, 2026 | Approve Deloitte Touche Tohmatsu as Auditors and Authorize the Board of Directors or Any Duly Authorized Board Committee to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Wuxi Biologics (Cayman) Inc. | June 10, 2026 | Elect Ge Li as Director | Director Elections | Board | AGAINST | 2 | |
| XCMG Construction Machinery Co., Ltd. | September 19, 2025 | Amend Remuneration System of Senior Management Members | Compensation | Board | AGAINST | 2 | |
| XCMG Construction Machinery Co., Ltd. | December 25, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| XCMG Construction Machinery Co., Ltd. | December 25, 2025 | Approve Draft and Summary of Stock Option Plan and Performance Share Incentive Plan | Compensation | Board | AGAINST | 2 | |
| XCMG Construction Machinery Co., Ltd. | December 25, 2025 | Approve Methods to Assess the Performance of Plan Participants | Compensation | Board | AGAINST | 2 | |
| XCMG Construction Machinery Co., Ltd. | May 28, 2026 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 2 | |
| XPeng, Inc. | June 26, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| XPeng, Inc. | June 26, 2026 | Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| XPeng, Inc. | June 26, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| XPeng, Inc. | June 26, 2026 | Elect HongJiang Zhang as Director | Director Elections | Board | AGAINST | 2 | |
| XTB SA | May 8, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Xiamen Tungsten Co., Ltd. | May 15, 2026 | Amend Annual Remuneration System Implementation Plan | Compensation | Board | AGAINST | 2 | |
| Xiamen Tungsten Co., Ltd. | June 16, 2026 | Elect Li Xiang as Director | Director Elections | Board | AGAINST | 2 | |
| Xiaomi Corporation | June 2, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| Xiaomi Corporation | June 2, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Xiaomi Corporation | June 2, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Xiaomi Corporation | June 2, 2026 | Elect Wong Shun Tak as Director | Director Elections | Board | AGAINST | 2 | |
| Xinyi Solar Holdings Limited | May 29, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Xinyi Solar Holdings Limited | May 29, 2026 | Elect Lee Yin Yee as Director | Director Elections | Board | AGAINST | 2 | |
| Xinyi Solar Holdings Limited | May 29, 2026 | Elect Tung Ching Sai as Director | Director Elections | Board | AGAINST | 2 | |
| XtalPi Holdings Limited | May 20, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| XtalPi Holdings Limited | May 20, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| XtalPi Holdings Limited | May 20, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| XtalPi Holdings Limited | May 20, 2026 | Elect Law Cheuk Kin Stephen as Director | Director Elections | Board | AGAINST | 2 | |
| XtalPi Holdings Limited | May 20, 2026 | Elect Ma Jian as Director | Director Elections | Board | AGAINST | 2 | |
| Y-mAbs Therapeutics, Inc. | July 11, 2025 | Election of Class I Director: David N. Gill | Director Elections | Board | WITHHOLD | 2 | |
| Y. H. Dimri Building & Development Ltd. | August 3, 2025 | Reelect Dina Sabban as Director | Director Elections | Board | AGAINST | 2 | |
| Y.H. Dimri Contruction & Development Ltd. | May 21, 2026 | Approve Extended and Amended Employment Terms of Iris Simha Damri, VP Client Relations and Relative of Controller | Compensation | Board | AGAINST | 2 | |
| Y.H. Dimri Contruction & Development Ltd. | May 21, 2026 | Approve Extended and Amended Employment Terms of Ygal Damri, CEO and Controller | Compensation | Board | AGAINST | 2 | |
| YES BANK Ltd. | October 24, 2025 | To Take Note of Reappointment of Mr. Rama Subramaniam Gandhi as Non-Executive Part-Time Chairman of the Bank and to Approve Payment of Remuneration | Director Elections | Board | AGAINST | 2 | |
| YETI Holdings, Inc. | May 7, 2026 | Election of four Class II directors: Mary Lou Kelley | Director Elections | Board | WITHHOLD | 2 | |
| YTL Corporation Berhad | December 4, 2025 | Approve Issuance of ESOS Options to Deborah Low Yuen Yen | Compensation | Board | AGAINST | 2 | |
| YTL Corporation Berhad | December 4, 2025 | Approve Issuance of ESOS Options to Yeoh Pei Jen | Compensation | Board | AGAINST | 2 | |
| YTL Corporation Berhad | December 4, 2025 | Approve Issuance of ESOS Options to Yeoh Pei Xien | Compensation | Board | AGAINST | 2 | |
| YTL Corporation Berhad | December 4, 2025 | Approve Issuance of ESOS Options to Yeoh Pei Yen | Compensation | Board | AGAINST | 2 | |
| YTL Power International Berhad | December 4, 2025 | Approve Issuance of ESOS Options to Yeoh Keong Zhen | Compensation | Board | AGAINST | 2 | |
| YTO Express Group Co., Ltd. | January 28, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Yageo Corp. | May 27, 2026 | Approve Issuance of Restricted Stocks | Compensation | Board | AGAINST | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdulazeez Al Tuweejri as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdulazeez Al Zamam as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abduliah Al Tounisi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdullah Al Areefi as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdullah Al Shamrani as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdullah Al Sinan as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 2 | |
| Yanbu National Petrochemical Co. | March 12, 2026 | Elect Al Huseen Al Mihthal as Director | Director Elections | Board | ABSTAIN | 2 |
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Built November 8, 2026 from SEC Form N-PX filings.