Tumelo's end of proxy season review 2026
By Aline de Visser, Head of ProxySphere Sales, Tumelo.
Last year we reported that asset owners using pass-through voting through Tumelo voted differently from their fund's default on at least one proposal at 90% of meetings. That figure came from a small group of early adopters, and we said at the time that the real test would be whether it held as voting choice reached a much wider group of investors.
This season it did. Three times as many asset owners and investor groups voted through our platform between 1 March and 30 June 2026 as in the same period last year, and the divergence rate was 89.2%, compared with 89.5% in 2025.
I have written up the season's data in our Proxy Season 2026 review. It covers how the divergence is spread across proposals, the voting policies behind it, and how coverage grew to 2,411 companies across 32 markets. You can download it at the link below.