Home / Companies / National Bank of Canada / 24 Apr 2025

Meeting · year to 30 June 2025205 filers reporting

National Bank of Canada: meeting of 24 Apr 2025

Votes reported on Form N-PX, item by item

205 Form N-PX filers reported votes at the National Bank of Canada meeting of 24 Apr 2025. Their records fall into 12 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.

foragainstabstain, withhold or otheramber tick: the portion cast against management

Items

DIRECTOR ELECTIONSIssuer

Director elections

16 nominees; 98.6% of reported votes for; 7 filers withheld from or voted against at least one nominee.

2,784 vote records from 103 filers. 1 of the 103 filers that marked the item either way voted against management.

99.0% for1.0% against1.0% against management103 filers

DIRECTOR ELECTIONSSecurity holder

Director elections (nominees put forward by security holders)

1 nominee; 0.0% of reported votes for; 6 filers withheld from or voted against at least one nominee.

17 vote records from 7 filers. 0 of the 6 filers that marked the item either way voted against management. 1 filer reported this item without a management mark.

0.0% for85.7% against14.3% other0.0% against management7 filers

SECTION 14A SAY-ON-PAY VOTESIssuer

Advisory vote on executive pay (say-on-pay)

237 vote records from 125 filers. 5 of the 122 filers that marked the item either way voted against management. 3 filers reported this item without a management mark.

92.8% for4.0% against3.2% other4.1% against management125 filers99.6% for0.4% against0.4% against management41,811,532 reported shares

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

174 vote records from 103 filers. 2 of the 103 filers that marked the item either way voted against management.

98.1% for0.0% against1.9% other1.9% against management103 filers100.0% for0.0% against0.0% other0.0% against management32,990,676 reported shares

COMPENSATIONIssuer

COMPENSATION: management items

Management items in this category are shown together; filers word and number them differently.

157 vote records from 79 filers. 1 of the 79 filers that marked the item either way voted against management.

98.7% for1.3% against1.3% against management79 filers98.4% for1.6% against1.6% against management39,945,193 reported shares, counted once per item in this group

OTHERIssuer

OTHER: management items

Management items in this category are shown together; filers word and number them differently.

217 vote records from 10 filers. 0 of the 2 filers that marked the item either way voted against management. 8 filers reported this item without a management mark.

10.0% for10.0% against80.0% other0.0% against management10 filers83.4% for16.6% against0.0% against management116,294 reported shares, counted once per item in this group

OTHER SOCIAL ISSUESSecurity holder

Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting

154 vote records from 94 filers. 10 of the 94 filers that marked the item either way voted against management.

10.6% for89.4% against10.6% against management94 filers0.4% for99.6% against0.4% against management29,870,001 reported shares

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCESecurity holder

Report on Forced Labor and Child Labor in Lending Profiles

154 vote records from 94 filers. 12 of the 94 filers that marked the item either way voted against management.

11.7% for87.2% against1.1% other12.8% against management94 filers0.5% for99.3% against0.3% other0.7% against management29,870,001 reported shares

OTHER SOCIAL ISSUESSecurity holder

Adopt Advanced Generative AI Systems Voluntary Code of Conduct

154 vote records from 94 filers. 12 of the 94 filers that marked the item either way voted against management.

11.7% for87.2% against1.1% other12.8% against management94 filers0.4% for99.4% against0.3% other0.6% against management29,870,001 reported shares

CORPORATE GOVERNANCESecurity holder

Employee Language Skills Disclosure

151 vote records from 93 filers. 2 of the 93 filers that marked the item either way voted against management.

1.1% for97.8% against1.1% other2.2% against management93 filers0.1% for99.7% against0.3% other0.3% against management29,768,889 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Advisory Vote on Environmental Policies

142 vote records from 86 filers. 14 of the 86 filers that marked the item either way voted against management.

15.1% for84.9% against16.3% against management86 filers2.6% for97.4% against2.6% against management28,786,479 reported shares

Several categoriesSecurity holder

Shareholder proposals (not separable from the filings)

Filers described these proposals in wordings that could not be matched to one another, so they are shown together.

89 vote records from 17 filers. 3 of the 17 filers that marked the item either way voted against management.

17.6% for82.4% against17.6% against management17 filers10.0% for90.0% against10.0% against management14,697,516 reported shares, counted once per item in this group

How the largest families voted

Family	1. Directors	2. Directors	3. Say-on-pay	4. Auditor	7. Proposal	8. Proposal	9. Proposal	10. Proposal
Vanguard	For	No report	No report	For	Against	Against	Against	Against
BlackRock and iShares	For	Against	For	For	No report	No report	No report	No report
Fidelity	For	No report	No report	For	Against	Against	Against	Against
Dimensional	For	No report	No report	For	Against	Against	Against	Against
State Street and SPDR	For	No report	No report	For	Against	Against	Against	Against
American Century	For	No report	No report	For	Against	Against	Against	Against
Franklin Templeton	For	No report	No report	For	Against	Against	Against	Against
Invesco	For	No report	No report	For	Against	Against	Against	Against
Equitable	For	No report	No report	Abstain or withhold *	For *	For *	For *	Against
Charles Schwab	For	No report	For	For	Against	Against	Against	Against
Nuveen and TIAA	For	No report	No report	For	Against	Against	Against	Against
John Hancock and Manulife	For	No report	For	For	Against	Against	Against	Against
Morgan Stanley, Eaton Vance and Calvert	For	No report	No report	For	For *	For *	For *	Against
J.P. Morgan	For	Against	For	For	Against	Against	Against	No report
Goldman Sachs	For	No report	For	For	Against	Against	Against	Against
Jackson National funds	For	No report	For	For	No report	No report	No report	No report
Northern Trust and FlexShares	For	No report	For	For	For *	For *	For *	Against
SEI	For	No report	For	For	Against	Against	Against	Against
T. Rowe Price	For	No report	No report	For	Against	Against	Against	Against
Lincoln Financial	For	No report	No report	For	Against	Against	Against	Against
First Trust	For	No report	For	For	Against	Against	Against	Against
Russell Investments	For	No report	For	For	Against	Against	Against	Against
Victory Capital	For	No report	No report	For	Against	Against	Against	Against
Brighthouse Funds	For	No report	For	Abstain or withhold *	Against	Against	Against	Against
BNY Mellon	For	No report	No report	For	Against	Against	Against	Against
Principal	For	No report	For	For	Against	Against	Against	Against
Capital Group and American Funds	For	No report	No report	For	Against	Against	Against	Against
Pacific Life funds	For	No report	No report	For	Against	Against	Against	Against
Transamerica	For	No report	No report	For	Against	Against	For *	Against
AllianceBernstein	For	No report	No report	For	Against	Against	Against	Against
Hartford Funds	For	No report	For	For	Against	Against	Against	Against
PIMCO	For	No report	No report	For	Against	Against	Against	Against
MassMutual	For	No report	No report	For	Against	Against	Against	Against
Virtus	For	No report	No report	For	For *	For *	Against	Against
Natixis and Loomis Sayles	No report	No report	For	No report	No report	No report	No report	No report

* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.

Questions

How did large funds vote at the National Bank of Canada meeting?

205 Form N-PX filers reported votes at the meeting of 24 Apr 2025. On say-on-pay, 5 of 122 voted against management (4.1%). 5 proposals from security holders could be told apart in the filings. The family table lists each of the largest families item by item.

Is this the meeting result?

No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by National Bank of Canada on Form 8-K.

Why are director elections shown as counts only?

Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.

Every meeting on file for National Bank of Canada

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing National Bank of Canada with a meeting date within three days of 24 Apr 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.