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Home / Families / Franklin Templeton / year to 30 June 2024

Form N-PX · fund family · year to 30 June 202481 filers grouped

Franklin Templeton

One season of the Franklin Templeton record. The family page shows the latest season.

Vote records reported
390,805year to 30 June 2024
Against management
9.8%36,729 of 376,165 marked votes
Say-on-pay support
90.5%for, of for + against + abstain
Shareholder-proposal support
47.1%for, of for + against + abstain
86.0% for9.6% against4.4% other9.8% against management386,977 votes

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

Franklin Templeton reported 390,805 vote records for the year to 30 June 2024. It marked 9.8% of its votes as cast against management (36,729 of 376,165), 1.2 percentage points above the median of the fund families tracked here, which was 8.5%.

Weighted by the number of shares voted, the against-management share is 11.1%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.

On pay and on shareholder proposals: it voted for 90.5% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 47.1% of the proposals put forward by security holders (the median of the fund families tracked here: 35.1%).

By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (31.5% of 1,592), HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE (23.2% of 2,401) and OTHER SOCIAL ISSUES (22.7% of 5,697).

It reported 267.1 million shares out on loan at record dates, 0.13% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.

Compared with other filers

Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.

year to 30 June 2024This familyMedian familyAll filers pooled
Against-management share9.8%8.5%10.2%
Say-on-pay support rate90.5%89.0%84.6%
Shareholder-proposal support rate47.1%35.1%37.0%
Shares on loan, share of shares held0.13%1.34%0.08%
Largest families, year to 30 June 2026Against managementSay-on-pay supportShareholder-proposal support
Vanguard20.1%94.1%42.0%
BlackRock and iShares7.5%88.3%11.9%
Fidelity6.0%94.7%27.6%
Dimensional16.4%78.9%57.4%
State Street and SPDR16.9%77.1%50.4%

Votes by category

Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS199,175179,21911,3217.8%
SECTION 14A SAY-ON-PAY VOTES26,47520,7421,9368.9%
AUDIT-RELATED24,92624,4441390.5%
INVESTMENT COMPANY MATTERS21121100.0%
SHAREHOLDER RIGHTS AND DEFENSES1,7611,32134131.5%
EXTRAORDINARY TRANSACTIONS3,3692,61171721.2%
CAPITAL STRUCTURE35,75132,2082,9998.7%
COMPENSATION31,61324,9365,57116.8%
CORPORATE GOVERNANCE61,35850,9447,97913.5%
ENVIRONMENT OR CLIMATE3,8651,2082,59819.7%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE2,4218901,51123.2%
DIVERSITY, EQUITY, AND INCLUSION2,6299151,71222.6%
OTHER SOCIAL ISSUES5,8142,4413,31422.7%
OTHER3,0922,7083757.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal supportSplit
year to 30 June 2024390,8059.8%90.5%47.1%
year to 30 June 2025376,4767.7%90.5%40.6%
year to 30 June 2026528,27810.1%90.4%43.4%

Say-on-pay votes against management

Counting one say-on-pay item per company meeting, Franklin Templeton voted against management on 249 of the 2,298 it marked either way (10.8%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.

A further 4 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.

Shareholder proposals it supported

Of 1,505 proposals from security holders that could be told apart in the filings and on which it cast a vote, Franklin Templeton voted for 875 (58.1%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.

CompanyMeetingProposal
Microsoft Corporation7 Dec 2023Report on Tax Transparency
Apple Inc.28 Feb 2024A shareholder proposal requesting a report on the use of Al
NVIDIA Corporation26 Jun 2024Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter...
Merck & Co., Inc.28 May 2024Shareholder proposal regarding a shareholder right to act by written consent
AbbVie Inc.3 May 2024Stockholder Proposal - to Implement Simple Majority Vote
PEPSICO, INC.1 May 2024Shareholder Proposal - Third-Party Racial Equity Audit.
PEPSICO, INC.1 May 2024Shareholder proposal: CORPORATE GOVERNANCE
Bank of America Corporation24 Apr 2024Shareholder proposal requesting right to act by written consent
The Walt Disney Company3 Apr 2024Shareholder proposal: CORPORATE GOVERNANCE
Pfizer Inc.25 Apr 2024Adopt an Independent Board Chair Policy
Pfizer Inc.25 Apr 2024Publish a Congruency Report on Political, Lobbying, Electioneering Expenditures
Verizon Communications Inc.9 May 2024Independent Board chair
Netflix, Inc.6 Jun 2024Stockholder proposal entitled, "Proposal 8 - Special Shareholder Meeting Improvement,"
Netflix, Inc.6 Jun 2024Report on Use of Artificial Intelligence
Tesla, Inc.13 Jun 2024A stockholder proposal regarding adoption of a freedom of association and collective bargaining policy
Tesla, Inc.13 Jun 2024A stockholder proposal regarding annual reporting on anti-harassment and discrimination efforts
Tesla, Inc.13 Jun 2024A stockholder proposal regarding simple majority voting provisions in our governing documents
Tesla, Inc.13 Jun 2024Declassify the Board of Directors
Danaher Corporation7 May 2024Reduce Ownership Threshold for Shareholders to Call Special Meeting
Bristol-Myers Squibb Company7 May 2024Adopt Share Retention Policy For Senior Executives
Bristol-Myers Squibb Company7 May 2024Require Independent Board Chair
ConocoPhillips14 May 2024Simple Majority Vote.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to permit a combined 15% of stockholders to call a special meeting.
Texas Instruments Incorporated25 Apr 2024Stockholder proposal to report on due diligence efforts to identify risks associated with product misuse.
The TJX Companies, Inc.4 Jun 2024Report on Effectiveness of Social Compliance Efforts in Supply Chain
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Annual Climate Lobbying Congruency Report.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Annual Report on Prevention of Workplace Harassment and Discrimination.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Transparency in Lobbying Annual Report.
Wells Fargo & Company30 Apr 2024Shareholder Proposal - Third-Party Assessment of Respect for Freedom of Association and Collective Bargaining.
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting a Right to Act by Written Consent
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting a Public Report on Climate Lobbying
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting the Adoption of Greenhouse Gas Emissions Targets
International Business Machines Corporation30 Apr 2024Stockholder Proposal Requesting a Public Report on Lobbying Activities
CVS Health Corporation16 May 2024Shareholder proposal: CORPORATE GOVERNANCE
RTX CORPORATION2 May 2024Shareowner Proposal Requesting a Lobbying Transparency Report
American Express Company6 May 2024Shareholder proposal relating to golden parachutes.
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding the ownership threshold required to...
American Tower Corporation22 May 2024To consider a stockholder proposal, if properly presented, regarding disclosure of racial and gender pay gaps.
GE Aerospace7 May 2024Independent Board Chairman
HONEYWELL INTERNATIONAL INC.14 May 2024Shareowner Proposal - Independent Board Chairman.

Shares on loan

Franklin Templeton reported 267.1 million shares on loan at record dates against 198.01 billion shares voted: 0.13% of the two together. Median family: 1.34%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.

Questions

How did Franklin Templeton vote on executive pay?

In the year to 30 June 2024 Franklin Templeton reported 22,922 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 20,742 were for (90.5%), 1,936 against and 244 abstentions. Counting one item per company meeting, it voted against management on 249 of the 2,298 say-on-pay items it marked either way. A further 4 say-on-pay items were reported without a management mark and are not counted in that figure.

How often does Franklin Templeton vote against management?

9.8% of the time in the year to 30 June 2024: 36,729 of the 376,165 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.

Did Franklin Templeton support shareholder proposals on climate?

In the category ENVIRONMENT OR CLIMATE it reported 3,281 votes on proposals from security holders in the year to 30 June 2024 and voted for 712 of them (21.7%). Across every category it voted for 47.1% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.

Is this the result of the meetings?

No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.

Where does the data come from?

From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.

Back to the Franklin Templeton family page · All filers in the year to 30 June 2024

Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Franklin Templeton, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.