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Tumelo's end of proxy season review 2026

This review sets out how asset owners voted in the 2026 proxy season, and how that compares with previous seasons. It draws on three years of voting data from Tumelo's platform.

In this paper we cover:

• How often asset owners voted differently from their fund's default, and how consistent that has been across three seasons.
• Whether that pattern held as the number of investors using voting choice grew.
• What fund managers are hearing from clients, and what asset owners can ask their managers for.