How we voted: a recap of the 2025 proxy season

BMO Global Asset Management reviews the 2025 proxy season, highlighting shifting voting patterns on climate proposals, executive pay and shareholder rights across major markets.

• Support for climate-related proposals softened, with investors increasingly prioritising materiality, specificity and credible transition plans.

• Say-on-pay votes remained a key pressure point, especially where disclosure, incentives or performance alignment lagged.

• Governance-focused items stayed influential, including board accountability, shareholder rights and transparency expectations.

Explore the full wrap-up for detailed voting outcomes, regional trends and engagement takeaways.