Georgeson's “2025 Investor voting report” reveals the results of the firm’s analysis of the voting decisions for the 2025 proxy season (July 1, 2024 – June 30, 2025) and multi-year trends for the 12 largest asset managers—including BlackRock, State Street, and Vanguard—on director elections, shareholder proposals, say on pay, and other key topics. The report also addresses at a high level the impacts on voting outcomes of client-directed and split voting.