On March 6, 2024, Northern Trust Corporation announced that it has received a shareholder proposal from James McRitchie requesting the Company to prepare a report on the reputational and financial risks to the Company of misalignment between proxy votes it casts on behalf of clients and its client?s values and preferences, as well as strategies for addressing such misalignments on important issues. In addition, the Company urged the shareholders to vote against the shareholder proposal at its annual general meeting of shareholders scheduled to be held on April 16, 2024.