Sector: Real Estate
JONES LANG LASALLE INC · Meeting: May 28, 2026
Directors FOR
11
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of the eleven Director nominees identified in the 2026 Proxy Statement
Director since 2018 with strong TSR outperformance versus peers (+126.5pp above peer median vs. 65pp threshold); no overboarding, attendance, or independence flags.
Director since 2024 (under 24 months), exempt from TSR trigger; brings deep cybersecurity and financial expertise with CPA credentials serving on the Audit and Risk Committee.
Director since 2021 with JLL's strong TSR well above peer median; holds one outside public board seat (Yiren Digital), no overboarding concern, and brings venture capital and global investment expertise.
Director since 2016 with JLL's exceptional 3-year TSR of +156.6% outperforming the peer median by +126.5pp, far exceeding the 65pp threshold for a no vote; strong finance and investment management background.
Director since 2019 with JLL's TSR far exceeding peer benchmarks; chairs the Compensation Committee and brings deep real estate finance expertise; holds two outside public board seats, within policy limits.
Non-executive Chairman since 2016 with JLL's TSR strongly outperforming peers; holds two outside public board seats (Allstate, Northern Trust), within policy limits for a non-CEO director; brings strong financial services and governance credentials.
Director since 2022 with tenure partially overlapping the strong outperformance period; no independence, attendance, or overboarding flags, and brings global reinsurance and risk management experience.
Director since 2019 with JLL's TSR far exceeding the peer median; holds one outside public board seat (Equinix), no overboarding concern, and brings critical technology and AI expertise relevant to JLL's strategy.
Director since 2022 and chairs the Audit and Risk Committee; holds three outside public board seats (ServiceNow, Booking Holdings, Hexaware), which is below the four-seat threshold that would trigger an overboarding flag; JLL's TSR far exceeds peer benchmarks.
Director since 2021 with JLL's strong TSR well above peer median; holds one outside public board seat (Franklin Covey), is a certified management accountant serving on the Audit and Risk Committee, and brings deep CFO-level financial expertise.
CEO and director since 2016; subject to the same TSR trigger as all other directors, but JLL's 3-year TSR of +156.6% outperforms the peer median by +126.5pp, far exceeding the 65pp threshold — no TSR-based flag applies.
All eleven director nominees receive a FOR vote. JLL's 3-year total shareholder return of +156.6% outperforms the company-disclosed peer group median by +126.5 percentage points, far exceeding the 65-point threshold required to trigger a no vote for strong-positive-TSR companies. No directors are overboarded, attendance was strong (all directors attended at least 94% of meetings), all non-executive directors are independent, and the board discloses a clear skills matrix. Susan Gore joined in 2024 and is exempt from the TSR trigger under the 24-month new-director rule.
CEO
Christian Ulbrich
Total Comp
$14,675,352
Prior Support
80%%
CEO total compensation of approximately $14.7 million is within a reasonable range for a CEO of a $16.4 billion global professional services firm, and the pay program is heavily weighted toward variable performance-based pay — the proxy discloses that 93% of target CEO compensation is performance-based, with only 7% in fixed salary, well above the 50-60% variable pay threshold required by policy. The company's incentive plan uses meaningful long-term metrics including adjusted earnings per share, free cash flow conversion, and relative total shareholder return versus the S&P 500, and the 2023-2025 performance stock awards vested at 110.1% of target reflecting genuine outperformance. Prior year say-on-pay support was 80%, above the 70% threshold that would require a no vote absent remediation, and JLL maintains a robust clawback policy that was expanded in 2026 to cover ethics violations — no policy flags are triggered.
Auditor
KPMG LLP
Tenure
N/A
Audit Fees
$6,792,000
Non-Audit Fees
$583,000
Non-audit fees (audit-related fees of $384,000 plus tax fees of $199,000, totaling $583,000) represent approximately 8.6% of audit fees ($6,792,000), well below the 50% threshold that would raise independence concerns. KPMG's tenure is not explicitly disclosed in the proxy, so the tenure trigger does not fire per policy. KPMG is a Big 4 firm appropriate for a company of JLL's size and complexity.
JLL's 2026 annual meeting ballot presents a clean governance picture: all eleven director nominees receive a FOR vote driven by exceptional 3-year total shareholder return of +156.6% that outperforms the company's own peer group median by over 126 percentage points. The say-on-pay program earns a FOR vote based on a heavily performance-weighted pay structure (93% variable for the CEO), meaningful long-term metrics, and prior-year shareholder support of 80%; auditor ratification of KPMG is also supported as non-audit fees represent only 8.6% of audit fees, well below the independence threshold.
22 companies disclosed in 2026 proxy filing
