Home › Asset managers › Principal › 2024-2025 › Against the board
2,932 proposals in the 2024-2025 proxy season: Principal voted against, or withheld its votes from, 2,862 proposals put forward by company boards, and voted for 70 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Principal 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
2,932 proposals.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Principal voted | Funds |
|---|---|---|---|---|---|---|---|
| Telefonica SA | April 9, 2025 | Ratify Appointment of and Elect Marc Thomas Murtra Millar as Director | Director Elections | Board | AGAINST | 1 | |
| Telenor ASA | May 21, 2025 | Approve Equity Plan Financing Through Repurchase of Shares | Compensation | Board | AGAINST | 1 | |
| Telenor ASA | May 21, 2025 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 1 | |
| Telenor ASA | May 21, 2025 | Approve Remuneration Statement | Compensation | Board | AGAINST | 1 | |
| Telenor ASA | May 21, 2025 | Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Teleperformance SE | May 21, 2025 | 2025 Remuneration Policy (CEO) | Compensation | Board | AGAINST | 1 | |
| Teleperformance SE | May 21, 2025 | Amendment to the 2023 Long-Term Incentive Plan | Compensation | Board | AGAINST | 1 | |
| Temenos AG | May 13, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Tempus AI, Inc. | May 20, 2025 | To approve the reincorporation of the Company from the State of Delaware to the State of Nevada by conversion. | Extraordinary Transactions | Board | AGAINST | 1 | |
| Tenable Holdings, Inc. | May 14, 2025 | To elect the Board of Directors' nominees Linda Zecher Higgins and Niloofar Razi Howe, to the Board of Directors to hold office until the 2028 Annual Meeting of Stockholders: Linda Zecher Higgins | Director Elections | Board | WITHHOLD | 1 | |
| Tenaris SA | May 6, 2025 | Amend Articles to Reflect Changes in Capital | Capital Structure | Board | AGAINST | 1 | |
| Tenaris SA | May 6, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 1 | |
| Tenaris SA | May 6, 2025 | Approve Renewal of Authorized Share Capital and Related Authorizations and Waivers | Capital Structure | Board | AGAINST | 1 | |
| Tenaris SA | May 6, 2025 | Approve Share Repurchase | Capital Structure | Board | AGAINST | 1 | |
| Tenaris SA | May 6, 2025 | Elect Directors (Bundled) | Director Elections | Board | AGAINST | 1 | |
| Tencent Music Entertainment Group | June 27, 2025 | Elect Director Wai Yip Tsang | Director Elections | Board | AGAINST | 1 | |
| Teradyne, Inc. | May 9, 2025 | To approve an amendment and restatement of the Equity and Cash Compensation Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| Teradyne, Inc. | May 9, 2025 | To approve, on a non-binding, advisory basis, the 2024 compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| Teradyne, Inc. | May 9, 2025 | To elect the seven nominees named in the accompanying proxy statement to the Board of Directors to serve as directors for a one-year term: Peter Herweck | Director Elections | Board | AGAINST | 1 | |
| Teradyne, Inc. | May 9, 2025 | To ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. | Audit-related | Board | AGAINST | 1 | |
| Ternium SA | May 6, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 1 | |
| Ternium SA | May 6, 2025 | Approve Renewal of Authorized Share Capital and Related Authorizations and Waivers | Capital Structure | Board | AGAINST | 1 | |
| Terumo Corp. | June 24, 2025 | Elect Director Samejima, Hikaru | Director Elections | Board | AGAINST | 1 | |
| Terumo Corp. | June 24, 2025 | Elect Director Takagi, Toshiaki | Director Elections | Board | AGAINST | 1 | |
| Texas Capital Bancshares, Inc. | April 15, 2025 | To approve, on an advisory basis, the 2024 compensation of the Company's named executive officers as described in the Proxy Statement; | Say-on-Pay | Board | AGAINST | 1 | |
| Texas Instruments Incorporated | April 17, 2025 | Board proposal regarding advisory approval of the Company's executive compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Texas Instruments Incorporated | April 17, 2025 | Election of Directors: Carrie Cox | Director Elections | Board | AGAINST | 1 | |
| Texas Roadhouse, Inc. | May 15, 2025 | An Advisory Vote on a Shareholder Proposal Regarding the Adoption of a Policy Requiring the Disclosure of Texas Roadhouse's Consolidated EEO-1 Report | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 1 |
| Thai Oil Public Company Limited | February 21, 2025 | Approve Increase of the Investment Cost in the Clean Fuel Project (CFP) | Extraordinary Transactions | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | 2025 Remuneration Policy (Chair and CEO) | Compensation | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | Authority to Issue Restricted Shares (Chair and CEO) | Capital Structure | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | Elect Anne Rigail | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | Elect Bernard Fontana | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | Elect Delphine Geny-Stephann | Director Elections | Board | AGAINST | 1 | |
| Thales S.A. | May 16, 2025 | Ratification of Co-Option of Valerie Guillemet | Director Elections | Board | AGAINST | 1 | |
| The Baldwin Insurance Group, Inc. | June 5, 2025 | Company Proposal - To elect three Class III Directors to serve until the 2028 Annual Meeting of Shareholders or until their successors are duly elected and qualified: Joseph Kadow | Director Elections | Board | WITHHOLD | 1 | |
| The Bank of Nova Scotia | April 8, 2025 | Elect Sandra Stuart | Director Elections | Board | WITHHOLD | 1 | |
| The Bank of Nova Scotia | April 8, 2025 | Shareholder Proposal Regarding Racial Equity Audit | Diversity, Equity, and Inclusion | Shareholder | Against | FOR | 1 |
| The Bank of Nova Scotia | April 8, 2025 | Shareholder Proposal Regarding Say on Climate | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Boston Beer Company, Inc. | May 14, 2025 | Election of Directors: Cynthia L. Swanson | Director Elections | Board | WITHHOLD | 1 | |
| The Boston Beer Company, Inc. | May 14, 2025 | Election of Directors: Meghan V. Joyce | Director Elections | Board | WITHHOLD | 1 | |
| The Charles Schwab Corporation | May 22, 2025 | Election of directors for three-year terms: Arun Sarin | Director Elections | Board | AGAINST | 1 | |
| The Charles Schwab Corporation | May 22, 2025 | Election of directors for three-year terms: John K. Adams, Jr. | Director Elections | Board | AGAINST | 1 | |
| The Charles Schwab Corporation | May 22, 2025 | Election of directors for three-year terms: Paula A. Sneed | Director Elections | Board | AGAINST | 1 | |
| The Charles Schwab Corporation | May 22, 2025 | Election of directors for three-year terms: Stephen A. Ellis | Director Elections | Board | AGAINST | 1 | |
| The Estee Lauder Companies Inc. | November 8, 2024 | Advisory vote to approve executive compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| The Estee Lauder Companies Inc. | November 8, 2024 | Approval of The Estee Lauder Companies Inc. Amended and Restated Fiscal 2002 Share Incentive Plan. | Compensation | Board | AGAINST | 1 | |
| The Estee Lauder Companies Inc. | November 8, 2024 | Election of four (4) Class I Directors: Barry S. Sternlicht | Director Elections | Board | WITHHOLD | 1 | |
| The Estee Lauder Companies Inc. | November 8, 2024 | Election of four (4) Class I Directors: Jennifer Hyman | Director Elections | Board | WITHHOLD | 1 | |
| The Gap, Inc. | May 20, 2025 | Election Of Director: Robert J. Fisher | Director Elections | Board | AGAINST | 1 | |
| The Goodyear Tire & Rubber Company | April 14, 2025 | Shareholder proposal regarding tire and road wear particle goals and timelines. | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Hershey Company | May 6, 2025 | Approve named executive officer compensation on a non-binding advisory basis. | Say-on-Pay | Board | AGAINST | 1 | |
| The Hershey Company | May 6, 2025 | Election of Directors: Huong Maria T. Kraus | Director Elections | Board | AGAINST | 1 | |
| The Hershey Company | May 6, 2025 | Election of Directors: Juan R. Perez | Director Elections | Board | AGAINST | 1 | |
| The Home Depot, Inc. | May 22, 2025 | Election of Directors: Jeffery H. Boyd | Director Elections | Board | AGAINST | 1 | |
| The Home Depot, Inc. | May 22, 2025 | Shareholder Proposal Regarding Biodiversity Impact and Dependency Assessment | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Home Depot, Inc. | May 22, 2025 | Shareholder Proposal Regarding Report on Packaging Policies for Plastics | Environment or Climate | Shareholder | Against | FOR | 1 |
| The Hong Kong and China Gas Company Limited | June 4, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| The Hong Kong and China Gas Company Limited | June 4, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| The Hong Kong and China Gas Company Limited | June 4, 2025 | Elect Andrew Fung Hau-chung as Director | Director Elections | Board | AGAINST | 1 | |
| The Hong Kong and China Gas Company Limited | June 4, 2025 | Elect Chan Ying-lung as Director | Director Elections | Board | AGAINST | 1 | |
| The Interpublic Group of Companies, Inc. | March 18, 2025 | IPG Compensation Proposal. Proposal to approve, on a non-binding, advisory basis, certain compensation that may be paid or become payable to IPG's named executive officers that is based on or otherwise relates to the merger; and | Say-on-Pay | Board | AGAINST | 1 | |
| The Kansai Electric Power Co., Inc. | June 26, 2025 | Elect Director Mori, Nozomu | Director Elections | Board | AGAINST | 1 | |
| The Macerich Company | June 2, 2025 | Advisory vote to approve our named executive officer compensation as described in our Proxy Statement. | Say-on-Pay | Board | AGAINST | 1 | |
| The Monogatari Corp. | September 25, 2024 | Elect Director Kato, Hisayuki | Director Elections | Board | AGAINST | 1 | |
| The New York Times Company | April 30, 2025 | Elect Rebecca Van Dyck | Director Elections | Board | WITHHOLD | 1 | |
| The ODP Corporation | May 1, 2025 | To approve an amendment to The ODP Corporation 2021 Long-Term Incentive Plan; and | Compensation | Board | AGAINST | 1 | |
| The RMR Group Inc. | March 27, 2025 | Election of Directors: Adam Portnoy | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 27, 2025 | Election of Directors: Ann Logan | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 27, 2025 | Election of Directors: Jonathan Veitch | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 27, 2025 | Election of Directors: Rosen Plevneliev | Director Elections | Board | WITHHOLD | 1 | |
| The RMR Group Inc. | March 27, 2025 | Election of Directors: Walter C. Watkins, Jr. | Director Elections | Board | WITHHOLD | 1 | |
| The Sage Group plc. | February 6, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 1 | |
| The Scotts Miracle-Gro Company | January 27, 2025 | Approval, on an advisory basis, of the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 1 | |
| The Wharf (Holdings) Limited | May 13, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 1 | |
| The Wharf (Holdings) Limited | May 13, 2025 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 1 | |
| Thermo Fisher Scientific Inc. | May 21, 2025 | An advisory vote to approve named executive officer compensation. | Say-on-Pay | Board | AGAINST | 1 | |
| Toast, Inc. | June 13, 2025 | Election of Directors: Hilarie Koplow-McAdams | Director Elections | Board | WITHHOLD | 1 | |
| Toast, Inc. | June 13, 2025 | Election of Directors: Paul Bell | Director Elections | Board | WITHHOLD | 1 | |
| Toho Co., Ltd. | May 29, 2025 | Elect Director Matsuoka, Hiroyasu | Director Elections | Board | AGAINST | 1 | |
| Toho Co., Ltd. | May 29, 2025 | Elect Director Shimatani, Yoshishige | Director Elections | Board | AGAINST | 1 | |
| Tohoku Electric Power Co., Inc. | June 26, 2025 | Elect Director Higuchi, Kojiro | Director Elections | Board | AGAINST | 1 | |
| Tohoku Electric Power Co., Inc. | June 26, 2025 | Elect Director Ishiyama, Kazuhiro | Director Elections | Board | AGAINST | 1 | |
| Tokio Marine Holdings, Inc. | June 23, 2025 | Elect Director Koike, Masahiro | Director Elections | Board | AGAINST | 1 | |
| Tokio Marine Holdings, Inc. | June 23, 2025 | Elect Director Komiya, Satoru | Director Elections | Board | AGAINST | 1 | |
| Tokyo Electron Ltd. | June 17, 2025 | Elect Director Kawai, Toshiki | Director Elections | Board | AGAINST | 1 | |
| Tokyo Metro Co., Ltd. | June 25, 2025 | Appoint Statutory Auditor Enyo, Katsura | Compensation | Board | AGAINST | 1 | |
| Tokyo Metro Co., Ltd. | June 25, 2025 | Appoint Statutory Auditor Kushibiki, Masaaki | Compensation | Board | AGAINST | 1 | |
| Tokyo Metro Co., Ltd. | June 25, 2025 | Appoint Statutory Auditor Sakai, Tatsufumi | Compensation | Board | AGAINST | 1 | |
| Tokyo Metro Co., Ltd. | June 25, 2025 | Elect Director Kosaka, Akihiro | Director Elections | Board | AGAINST | 1 | |
| Tokyo Tatemono Co., Ltd. | March 26, 2025 | Elect Director Nomura, Hitoshi | Director Elections | Board | AGAINST | 1 | |
| Tokyo Tatemono Co., Ltd. | March 26, 2025 | Elect Director Ozawa, Katsuhito | Director Elections | Board | AGAINST | 1 | |
| Tokyu Corp. | June 27, 2025 | Elect Director Horie, Masahiro | Director Elections | Board | AGAINST | 1 | |
| Tokyu Corp. | June 27, 2025 | Elect Director Nomoto, Hirofumi | Director Elections | Board | AGAINST | 1 | |
| Tootsie Roll Industries, Inc. | May 5, 2025 | Election of Directors: Ellen R. Gordon | Director Elections | Board | WITHHOLD | 1 | |
| Tootsie Roll Industries, Inc. | May 5, 2025 | Election of Directors: Lana Jane Lewis-Brent | Director Elections | Board | WITHHOLD | 1 | |
| Tootsie Roll Industries, Inc. | May 5, 2025 | Election of Directors: Paula M. Wardynski | Director Elections | Board | WITHHOLD | 1 | |
| Tootsie Roll Industries, Inc. | May 5, 2025 | Election of Directors: Virginia L. Gordon | Director Elections | Board | WITHHOLD | 1 | |
| Toray Industries, Inc. | June 26, 2025 | Elect Director Ito, Kunio | Director Elections | Board | AGAINST | 1 | |
| Toray Industries, Inc. | June 26, 2025 | Elect Director Nikkaku, Akihiro | Director Elections | Board | AGAINST | 1 |
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Built November 8, 2026 from SEC Form N-PX filings.