Home / Companies / ROYAL BANK OF CANADA ("RBC") / 11 Apr 2024
ROYAL BANK OF CANADA ("RBC"): meeting of 11 Apr 2024
Votes reported on Form N-PX, item by item
423 Form N-PX filers reported votes at the ROYAL BANK OF CANADA ("RBC") meeting of 11 Apr 2024. Their records fall into 13 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
13 nominees; 98.4% of reported votes for; 8 filers withheld from or voted against at least one nominee.
2,785 vote records from 131 filers. 0 of the 131 filers that marked the item either way voted against management.
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
603 vote records from 306 filers. 15 of the 280 filers that marked the item either way voted against management. 26 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
214 vote records from 130 filers. 2 of the 130 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
240 vote records from 121 filers. 3 of the 121 filers that marked the item either way voted against management.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
15 vote records from 7 filers. 0 of the 1 filers that marked the item either way voted against management. 6 filers reported this item without a management mark.
ENVIRONMENT OR CLIMATESecurity holder
Disclose Clean Energy to Fossil Fuel Financing Ratios
190 vote records from 112 filers. 23 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
ENVIRONMENT OR CLIMATESecurity holder
Report on Impact of Oil and Gas Divestment
190 vote records from 112 filers. 3 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
COMPENSATIONSecurity holder
Shareholder Proposal Regarding Pay Ratio Disclosure
190 vote records from 112 filers. 20 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
CORPORATE GOVERNANCESecurity holder
Hold Annual Meetings of the Company in Person with Virtual Meetings as Complements
190 vote records from 112 filers. 63 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
OTHER SOCIAL ISSUESSecurity holder
Disclose Non-Confidential Information Relating to the Bank's Country-by-Country Reporting
190 vote records from 112 filers. 15 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
ENVIRONMENT OR CLIMATESecurity holder
Shareholder Proposal Regarding Reporting Circular Economy Loans
190 vote records from 112 filers. 17 of the 112 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
ENVIRONMENT OR CLIMATESecurity holder
Advisory Vote on Environmental Policies
163 vote records from 96 filers. 20 of the 96 filers that marked the item either way voted against management.
0 filers reported share counts too large to be the holding described. No share split is published for this item. How that is decided
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.
167 vote records from 33 filers. 6 of the 33 filers that marked the item either way voted against management.
How the largest families voted
| Family | 1. Directors | 2. Say-on-pay | 3. Auditor | 6. Proposal | 7. Proposal | 8. Proposal | 9. Proposal | 10. Proposal |
|---|---|---|---|---|---|---|---|---|
| Vanguard | For | No report | For | Against | Against | Against | Against | Against |
| BlackRock and iShares | For | No report | For | Against | Against | Against | Against | Against |
| Fidelity | For | No report | For | Against | Against | Against | Against | Against |
| Dimensional | For | No report | For | Against | Against | Against | For * | Against |
| State Street and SPDR | For | No report | For | Against | Against | Against | For * | Against |
| American Century | For | No report | For | Against | Against | Against | For * | Against |
| Franklin Templeton | For | No report | For | Against | Against | Against | For * | For * |
| Invesco | For | No report | For | Against | Against | Against | For * | Against |
| Equitable | For | No report | For | Against | Against | Against | For * | Against |
| Charles Schwab | For | No report | For | Abstain or withhold * | Against | Against | Against | Against |
| Nuveen and TIAA | For | No report | For | For * | Against | Against | Against | Against |
| John Hancock and Manulife | For | For | For | No report | No report | No report | No report | No report |
| Morgan Stanley, Eaton Vance and Calvert | For | No report | For | For * | Against | For * | For * | For * |
| J.P. Morgan | For | For | For | Against | Against | Against | Against | Against |
| Goldman Sachs | For | Split or no vote | For | Against | Against | Against | Against | Against |
| WisdomTree | For | No report | For | Against | Against | Against | For * | Against |
| PGIM and Prudential | For | No report | For | Abstain or withhold * | Against | For * | Against | Against |
| Jackson National funds | For | For | For | No report | No report | No report | No report | No report |
| Northern Trust and FlexShares | For | For | For | Against | Against | Against | For * | Against |
| SEI | For | No report | For | Abstain or withhold * | Against | Against | Against | Against |
| Thrivent | For | No report | For | Against | Against | For * | For * | Against |
| Lincoln Financial | For | No report | For | Against | Against | Against | For * | Against |
| Voya | For | No report | For | Against | Against | Against | Against | Against |
| First Trust | For | No report | For | Against | Against | Against | For * | Against |
| Russell Investments | For | No report | For | Against | Against | Against | Against | Against |
| Victory Capital | For | No report | For | Against | Against | Against | For * | For * |
| Brighthouse Funds | For | No report | For | Abstain or withhold * | Against * | For * | Against * | Against * |
| Guggenheim and Rydex | For | No report | For | For * | Against | For * | For * | For * |
| Columbia Threadneedle | For | No report | For | Against | Against | Against | For * | Against |
| BNY Mellon | For | No report | For | Against | Against | Against | For * | Against |
| Capital Group and American Funds | For | No report | For | Against | Against | Against | Against | Against |
| Pacific Life funds | For | No report | For | Against | Against | Against | Against | Against |
| MFS | For | No report | For | Against | Against | Against | Against | Against |
| Transamerica | For | No report | For | Against | Against | Against | For * | Against |
| Federated Hermes | For | No report | For | Against | Against | Against | Against | Against |
| AllianceBernstein | For | No report | For | Against | Against | Against | Against | Against |
| Hartford Funds | For | No report | For | Abstain or withhold * | Against | For * | Against | Against |
| MassMutual | No report | For | No report | No report | No report | No report | No report | No report |
| Virtus | For | No report | For | Against | Against | Against | For * | Against |
| Natixis and Loomis Sayles | No report | For | No report | No report | No report | No report | No report | No report |
| Lord Abbett | For | No report | For | Against | Against | Against | For * | Against |
| Baird | No report | For | No report | 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 ROYAL BANK OF CANADA ("RBC") meeting?
423 Form N-PX filers reported votes at the meeting of 11 Apr 2024. On say-on-pay, 15 of 280 voted against management (5.4%). 7 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 ROYAL BANK OF CANADA ("RBC") 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 ROYAL BANK OF CANADA ("RBC")
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing ROYAL BANK OF CANADA ("RBC") with a meeting date within three days of 11 Apr 2024. 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.