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Meeting calendar
MRSH · Annual meeting · Thursday, May 21, 2026

Marsh & Mclennan Companies Inc

13 nominees · 3 ballot items.

Elect thirteen directors; approve, by nonbinding vote, named executive officer compensation (say-on-pay); ratify Deloitte & Touche LLP as independent registered public accounting firm; and consider any other business properly before the meeting.

Market cap
$87.8B
1Y TSR
-17.1%
Board grade
C+
Record date
Mar 23, 2026
Filing
DEF 14A
Meeting concluded · May 21, 2026

Follow how the vote landed and what changed on Marsh & Mclennan Companies Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot3

  1. 1

    Election of Directors

    ManagementBoard: FOR

    To elect thirteen (13) persons named in the accompanying proxy statement to serve as directors for a one-year term.

  2. 2

    Advisory (Nonbinding) Vote to Approve Named Executive Officer Compensation

    ManagementBoard: FOR

    Nonbinding advisory vote to approve the compensation of the Company's named executive officers as disclosed in the proxy statement (say-on-pay).

    More detail

    This management proposal asks shareholders to cast a nonbinding advisory vote to approve the compensation of Marsh’s named executive officers as disclosed in the proxy materials (commonly called a 'say-on-pay' vote). Management seeks shareholder approval to confirm its executive compensation philosophy, which emphasizes a high proportion of at-risk pay delivered through annual bonuses and long-term incentive awards (50% PSUs and 50% stock options) tied to adjusted EPS growth and relative TSR versus S&P 500 constituents. The Compensation Committee describes rigorous performance metrics, clawback provisions, stock ownership and holding requirements, and other governance features intended to align pay with long-term stockholder value; management points to historical strong support (91% approval in 2025) and links between pay and multi-year performance such as 12.7% annualized adjusted EPS growth for the 2023 PSU awards. The proposal is advisory; however, management will consider the vote when setting future compensation, and the Board recommends a vote FOR to endorse the program. Key context includes Marsh’s use of a relative TSR modifier, double-trigger change-in-control protections, no excise tax gross-ups, and annual LTI grant practices intended to limit timing manipulation; the program also includes retention and security-related perquisites disclosed in detail. Critics could point to the use of significant discretionary qualitative adjustments in bonuses and the concentration of executive pay in equity, which can amplify CEO pay volatility relative to realized shareholder returns, but the Board emphasizes caps (200% payout) and multi-year vesting to limit excessive risk-taking. Evaluating the proposal requires weighing the specifics of the PSU metrics, the relative TSR comparator (S&P 500), the demonstrated payout outcomes (e.g., 176% payout on 2023 PSUs after EPS outperformance offset by TSR shortfall), and the governance safeguards described. Given management’s recommendation, the Board’s rationale centers on alignment of pay with long-term performance, competitive market practices to retain talent, and structural features intended to constrain excessive risk and uphold shareholder alignment.

  3. 3

    Ratification of Selection of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    To ratify the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2026.

Director elections

Nominees on the ballot13

Independent
Tenure on this board
1.0 yrs
Also a director at
Hp Inc (HPQ)Takeda Pharmaceutical Co Ltd (TAK)
Independent
Tenure on this board
0.4 yrs
Also a director at
Lazard Inc (LAZ)
Independent
Tenure on this board
9.5 yrs
Also a director at
Union Pacific Corp (UNP)
Independent
Tenure on this board
6.4 yrs
Also a director at
Union Pacific Corp (UNP)
Independent
Tenure on this board
2.0 yrs
Also a director at
Western Union Co (WU)
Independent
Tenure on this board
15.5 yrs
Also a director at
Nisource Inc (NI)
Ownership

Top institutional holders10

Latest 13F quarter
1VANGUARD CAPITAL MANAGEMENT LLC6.5%31,467,674$5.5B
2STATE STREET CORP4.6%22,070,945$3.8B
3Capital World Investors3.7%17,969,182$3.1B
4WELLINGTON MANAGEMENT GROUP LLP3.4%16,181,371$2.8B
5Capital International Investors3.3%15,713,853$2.7B
6BlackRock, Inc.3.1%14,782,194$2.6B
7VANGUARD PORTFOLIO MANAGEMENT LLC2.6%12,427,946$2.2B
8GEODE CAPITAL MANAGEMENT, LLC2.5%11,832,561$2.0B
9Capital Research Global Investors2.3%11,301,188$2.0B
10BlackRock, Inc.2.1%10,255,207$1.8B
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Marsh & Mclennan Companies Inc 2026 annual meeting?
Marsh & Mclennan Companies Inc (MRSH) holds its 2026 annual shareholder meeting on Thursday, May 21, 2026.
What is the record date for the Marsh & Mclennan Companies Inc 2026 meeting?
The record date for the Marsh & Mclennan Companies Inc 2026 meeting is Monday, March 23, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Marsh & Mclennan Companies Inc's 2026 meeting?
The board is presenting 13 director nominees at the Marsh & Mclennan Companies Inc 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Marsh & Mclennan Companies Inc 2026 meeting?
Shareholders will vote on 3 proposals at the Marsh & Mclennan Companies Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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