Home / Companies / ROYAL BANK OF CANADA ("RBC") / 10 Apr 2025

Meeting · year to 30 June 2025481 filers reporting

ROYAL BANK OF CANADA ("RBC"): meeting of 10 Apr 2025

Votes reported on Form N-PX, item by item

481 Form N-PX filers reported votes at the ROYAL BANK OF CANADA ("RBC") meeting of 10 Apr 2025. Their records fall into 16 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; 98.7% of reported votes for; 8 filers withheld from or voted against at least one nominee.

3,252 vote records from 160 filers. 1 of the 160 filers that marked the item either way voted against management.

99.4% for0.0% against0.6% other0.6% against management160 filers

SECTION 14A SAY-ON-PAY VOTESIssuer

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

595 vote records from 370 filers. 12 of the 352 filers that marked the item either way voted against management. 18 filers reported this item without a management mark.

91.6% for3.0% against5.4% other3.4% against management370 filers95.3% for4.7% against0.0% other3.8% against management151,438,419 reported shares

AUDIT-RELATEDIssuer

Audit-related items (auditor ratification)

251 vote records from 160 filers. 1 of the 160 filers that marked the item either way voted against management.

99.4% for0.0% against0.6% other0.6% against management160 filers100.0% for0.0% against0.0% other0.0% against management93,972,272 reported shares

COMPENSATIONIssuer

COMPENSATION: management items

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

675 vote records from 166 filers. 0 of the 166 filers that marked the item either way voted against management.

98.8% for0.0% against1.2% other0.0% against management166 filers99.6% for0.4% against0.0% other0.4% against management290,186,731 reported shares, counted once per item in this group

CORPORATE GOVERNANCEIssuer

CORPORATE GOVERNANCE: management items

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

53 vote records from 30 filers. 1 of the 30 filers that marked the item either way voted against management.

90.0% for10.0% against3.3% against management30 filers98.7% for1.3% against0.0% against management8,926,324 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.

192 vote records from 12 filers. 0 of the 3 filers that marked the item either way voted against management. 9 filers reported this item without a management mark.

16.7% for8.3% against75.0% other0.0% against management12 filers83.6% for16.4% against16.2% against management607,480 reported shares, counted once per item in this group

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCESecurity holder

Report on Forced Labor and Child Labor in Lending Portfolios

214 vote records from 140 filers. 18 of the 140 filers that marked the item either way voted against management.

9.3% for88.6% against2.1% other12.9% against management140 filers0.9% for99.0% against0.1% other1.0% against management82,101,077 reported shares

OTHER SOCIAL ISSUESSecurity holder

Adopt Advanced Generative AI Systems Voluntary Code of Conduct

214 vote records from 140 filers. 18 of the 140 filers that marked the item either way voted against management.

9.3% for88.6% against2.1% other12.9% against management140 filers0.2% for99.7% against0.1% other0.4% against management82,101,077 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Shareholder Proposal Regarding Reporting Circular Economy Loans

214 vote records from 140 filers. 16 of the 140 filers that marked the item either way voted against management.

8.6% for90.0% against1.4% other11.4% against management140 filers0.8% for99.1% against0.0% other0.9% against management82,101,077 reported shares

CORPORATE GOVERNANCESecurity holder

Hold Annual Meetings of the Company in Person with Virtual Meetings as Complements

214 vote records from 140 filers. 77 of the 140 filers that marked the item either way voted against management.

55.0% for45.0% against55.0% against management140 filers18.9% for81.1% against18.9% against management82,101,077 reported shares

CORPORATE GOVERNANCESecurity holder

Employee Language Skills Disclosure

199 vote records from 129 filers. 2 of the 129 filers that marked the item either way voted against management.

0.0% for100.0% against1.6% against management129 filers0.0% for100.0% against0.1% against management81,319,684 reported shares

OTHER SOCIAL ISSUESSecurity holder

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

199 vote records from 129 filers. 13 of the 129 filers that marked the item either way voted against management.

8.5% for91.5% against10.1% against management129 filers0.9% for99.1% against0.9% against management81,319,684 reported shares

ENVIRONMENT OR CLIMATESecurity holder

Advisory Vote on Environmental Policies

180 vote records from 118 filers. 21 of the 118 filers that marked the item either way voted against management.

14.4% for83.9% against1.7% other17.8% against management118 filers2.5% for97.5% against0.0% other2.6% against management73,350,322 reported shares

COMPENSATIONSecurity holder

Shareholder proposal: COMPENSATION

165 vote records from 107 filers. 9 of the 107 filers that marked the item either way voted against management.

6.5% for93.5% against8.4% against management107 filers0.2% for99.8% against0.3% against management72,568,929 reported shares

COMPENSATIONSecurity holder

Shareholder Proposal Regarding Pay Ratio Disclosure

45 vote records from 34 filers. 4 of the 34 filers that marked the item either way voted against management.

11.8% for88.2% against11.8% against management34 filers0.7% for99.3% against0.7% against management9,166,781 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.

318 vote records from 53 filers. 5 of the 53 filers that marked the item either way voted against management.

5.7% for88.7% against5.7% other9.4% against management53 filers5.9% for94.1% against0.0% other5.9% against management98,712,380 reported shares, counted once per item in this group

How the largest families voted

Family	1. Directors	2. Say-on-pay	3. Auditor	7. Proposal	8. Proposal	9. Proposal	10. Proposal	11. Proposal
Vanguard	For	For	For	Against	Against	Against	Against	Against
BlackRock and iShares	For	For	For	No report	No report	No report	No report	No report
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 *	Against
Invesco	For	No report	For	Against	Against	Against	Against	Against
Equitable	Abstain or withhold *	No report	For	For *	For *	For *	For *	Against
Charles Schwab	For	For	For	Against	Against	Against	Against	Against
Nuveen and TIAA	For	No report	For	Against	Against	Against	For *	Against
John Hancock and Manulife	For	For	For	Against	Against	Against	For *	No report
Morgan Stanley, Eaton Vance and Calvert	For	No report	For	For *	For *	Against	For *	Against
J.P. Morgan	For	For	For	Against	Against	Against	Against	No report
Goldman Sachs	For	No report	For	Against	Against	Against	For *	Against
PGIM and Prudential	For	For	For	For *	Against	For *	For *	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	For	For	Against	Against	Against	Against	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	Against *	For	Against	Against	Against	For *	Against
Russell Investments	For	For	For	Against	Against	Against	Against	Against
Nationwide	For	No report	For	Against	Against	Against	For *	Against
Victory Capital	For	No report	For	Against	Against	Against	For *	Against
Brighthouse Funds	For	For	For	Against *	Against *	Against *	For *	Against *
Guggenheim and Rydex	For	No report	For	Against	Against	Against	For *	Against
Columbia Threadneedle	For	No report	For	Against	Against	Against	For *	Against
BNY Mellon	For	No report	For	Against	Against	Against	For *	Against
Principal	For	For	For	Against	Against	Against	Against	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	For *	Against	For *	Against
Federated Hermes	For	For	For	Against	Against	Against	Against	Against
AllianceBernstein	For	No report	For	Against	Against	Against	Against	Against
Hartford Funds	For	For	For	Against	Against	Against	Against	Against
PIMCO	For	No report	For	Against	Against	Against	For *	Against
MassMutual	No report	For	No report	No report	No report	No report	No report	No report
Harbor Funds	For	For	For	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
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?

481 Form N-PX filers reported votes at the meeting of 10 Apr 2025. On say-on-pay, 12 of 352 voted against management (3.4%). 9 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 10 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.