Home › Asset managers › Vanguard › 2023-2024 › Against the board
At least 6,146 proposals in the 2023-2024 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 146 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Vanguard voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.
Everything Only shareholder proposals it backed
6,146 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Vanguard voted | Funds |
|---|---|---|---|---|---|---|---|
| TOD'S SPA | April 24, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| TOD'S SPA | April 24, 2024 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| TOENEC CORP. | June 26, 2024 | Elect Director Takimoto, Tsuguhisa | Director Elections | Board | AGAINST | 6 | |
| TOFAS TURK OTOMOBIL FABRIKASI AS | March 28, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TOFAS TURK OTOMOBIL FABRIKASI AS | March 28, 2024 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| TOFAS TURK OTOMOBIL FABRIKASI AS | March 28, 2024 | Ratify Director Appointments | Director Elections | Board | AGAINST | 6 | |
| TOHO HOLDINGS CO. LTD. | June 27, 2024 | Elect Director Udo, Atsushi | Director Elections | Board | AGAINST | 6 | |
| TOHO TITANIUM CO. LTD. | June 20, 2024 | Elect Director Yamao, Yasuji | Director Elections | Board | AGAINST | 6 | |
| TOKAI CORP. /9729/ | June 27, 2024 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 6 | |
| TOKAI RIKA CO. LTD. | June 13, 2024 | Appoint Statutory Auditor Akita, Toshiki | Compensation | Board | AGAINST | 6 | |
| TOKAI RIKA CO. LTD. | June 13, 2024 | Appoint Statutory Auditor Chida, Minoru | Compensation | Board | AGAINST | 6 | |
| TOKEN CORP. | July 27, 2023 | Approve Statutory Auditor Retirement Bonus | Compensation | Board | AGAINST | 6 | |
| TOKEN CORP. | July 27, 2023 | Elect Director Soda, Minoru | Director Elections | Board | AGAINST | 6 | |
| TOKMANNI GROUP OYJ | April 23, 2024 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 6 | |
| TOKYU CONSTRUCTION CO. LTD. | June 25, 2024 | Appoint Statutory Auditor Koike, Atsutomo | Compensation | Board | AGAINST | 6 | |
| TOKYU CONSTRUCTION CO. LTD. | June 25, 2024 | Appoint Statutory Auditor Ochiai, Masashi | Compensation | Board | AGAINST | 6 | |
| TOKYU CONSTRUCTION CO. LTD. | June 25, 2024 | Appoint Statutory Auditor Saito, Yoichi | Compensation | Board | AGAINST | 6 | |
| TOMOKU CO. LTD. | June 21, 2024 | Appoint Statutory Auditor Shinoki, Yoshie | Compensation | Board | AGAINST | 6 | |
| TOMOKU CO. LTD. | June 21, 2024 | Appoint Statutory Auditor Tsujino, Natsuki | Compensation | Board | AGAINST | 6 | |
| TONGWEI CO. LTD. | May 20, 2024 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 6 | |
| TONGWEI CO. LTD. | May 20, 2024 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 6 | |
| TONGWEI CO. LTD. | May 20, 2024 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 6 | |
| TOPTEC CORP. | March 28, 2024 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| TOPY INDUSTRIES LTD. | June 21, 2024 | Appoint Statutory Auditor Makino, Shinya | Compensation | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Authorise Issue of Equity | Capital Structure | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Authorise Issue of Equity without Pre-emptive Rights | Capital Structure | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Authorise Market Purchase of A-shares | Capital Structure | Board | AGAINST | 6 | |
| TORM PLC | April 11, 2024 | Re-elect Christopher Boehringer as Director | Director Elections | Board | AGAINST | 6 | |
| TORUNLAR GAYRIMENKUL YATIRIM ORTAKLIGI AS | May 31, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TOSHIBA TEC CORP. | June 28, 2024 | Appoint Statutory Auditor Sakamoto, Ichiro | Compensation | Board | AGAINST | 6 | |
| TOSHIBA TEC CORP. | June 28, 2024 | Elect Director Nishikori, Hironobu | Director Elections | Board | AGAINST | 6 | |
| TOWA BANK LTD. | June 27, 2024 | Appoint Statutory Auditor Hashimoto, Masami | Compensation | Board | AGAINST | 6 | |
| TOWA BANK LTD. | June 27, 2024 | Appoint Statutory Auditor Sakurada, Nobuyuki | Compensation | Board | AGAINST | 6 | |
| TOYO SUISAN KAISHA LTD. | June 27, 2024 | Appoint Statutory Auditor Takahashi, Kiyoshi | Compensation | Board | AGAINST | 6 | |
| TOYOTA INDUSTRIES CORP. | June 11, 2024 | Appoint Statutory Auditor Watanabe, Toru | Compensation | Board | AGAINST | 6 | |
| TPR CO. LTD. | June 27, 2024 | Appoint Statutory Auditor Kojima, Ryoji | Compensation | Board | AGAINST | 6 | |
| TPR CO. LTD. | June 27, 2024 | Appoint Statutory Auditor Yonekawa, Takashi | Compensation | Board | AGAINST | 6 | |
| TRANSCEND INFORMATION INC. | June 21, 2024 | Elect a Representative of JIAYUN INVESTMENT INC. with SHAREHOLDER NO.146603 as Non-independent Director | Director Elections | Board | AGAINST | 6 | |
| TRATON SE | June 13, 2024 | Approve Remuneration Policy for the Management Board | Compensation | Board | AGAINST | 6 | |
| TRATON SE | June 13, 2024 | Approve Remuneration Policy for the Supervisory Board | Compensation | Board | AGAINST | 6 | |
| TRATON SE | June 13, 2024 | Elect Christian Porsche to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| TRATON SE | June 13, 2024 | Elect Gunnar Kilian to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| TRATON SE | June 13, 2024 | Elect Hans Poetsch to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| TRELLEBORG AB | April 24, 2024 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 6 | |
| TRELLEBORG AB | April 24, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Compensation of Francois Feuillet, Chairman of the Supervisory Board | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Compensation of Michel Freiche, CEO | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Compensation of Stephane Gigou, Chairman of the Management Board | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Remuneration Policy of CEOs | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Remuneration Policy of Chairman of the Management Board | Compensation | Board | AGAINST | 6 | |
| TRIGANO SA | January 9, 2024 | Approve Remuneration Policy of Management Board Members | Compensation | Board | AGAINST | 6 | |
| TROAX GROUP AB | April 22, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| TRUECALLER AB | May 23, 2024 | Reelect Alan Mamedi, Annika Poutiainen, Helena Svancar, Nami Zarringhalam (Chair) and Shailesh Lakhani as Directors; Ratify Ernst & Young as Auditors | Director Elections | Board | AGAINST | 6 | |
| TRUSCO NAKAYAMA CORP. | March 28, 2024 | Appoint Statutory Auditor Unto, Kiyonori | Compensation | Board | AGAINST | 6 | |
| TRUSCO NAKAYAMA CORP. | March 28, 2024 | Elect Director Nakayama, Tetsuya | Director Elections | Board | AGAINST | 6 | |
| TSUBAKIMOTO CHAIN CO. | June 27, 2024 | Appoint Statutory Auditor Kawasaki, Kazuya | Compensation | Board | AGAINST | 6 | |
| TSUGAMI CORP. | June 19, 2024 | Elect Director Kubo, Ken | Director Elections | Board | AGAINST | 6 | |
| TSUTSUMI JEWELRY CO. LTD. | June 27, 2024 | Elect Director Tagai, Satoshi | Director Elections | Board | AGAINST | 6 | |
| TURK TELEKOMUNIKASYON AS | August 9, 2023 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TURK TELEKOMUNIKASYON AS | August 9, 2023 | Ratify External Auditors | Audit-related | Board | AGAINST | 6 | |
| TURK TRAKTOR VE ZIRAAT MAKINELERI AS | March 26, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TURK TRAKTOR VE ZIRAAT MAKINELERI AS | March 26, 2024 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| TURKCELL ILETISIM HIZMETLERI AS | September 13, 2023 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TURKCELL ILETISIM HIZMETLERI AS | September 13, 2023 | Ratify Director Appointments and Elect Directors | Director Elections | Board | AGAINST | 6 | |
| TURKIYE GARANTI BANKASI AS | March 27, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TURKIYE GARANTI BANKASI AS | March 27, 2024 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| TURKIYE IS BANKASI AS | March 29, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TURKIYE IS BANKASI AS | March 29, 2024 | Ratify Director Appointment | Director Elections | Board | AGAINST | 6 | |
| TV TOKYO HOLDINGS CORP. | June 20, 2024 | Appoint Statutory Auditor Morita, Katsuhisa | Compensation | Board | AGAINST | 6 | |
| TV TOKYO HOLDINGS CORP. | June 20, 2024 | Elect Director Ishikawa, Ichiro | Director Elections | Board | AGAINST | 6 | |
| TYRO PAYMENTS LTD. | November 15, 2023 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UMS HOLDINGS LTD. | April 25, 2024 | Elect Gn Jong Yuh Gwendolyn as Director | Director Elections | Board | AGAINST | 6 | |
| UNI-PRESIDENT CHINA HOLDINGS LTD. | May 31, 2024 | Elect Chen Johnny as Director | Director Elections | Board | AGAINST | 6 | |
| UNION TOOL CO. | March 28, 2024 | Appoint Alternate Statutory Auditor Kato, Yoshihiko | Compensation | Board | AGAINST | 6 | |
| UNION TOOL CO. | March 28, 2024 | Appoint Statutory Auditor Ishizuka, Yasuo | Compensation | Board | AGAINST | 6 | |
| UNION TOOL CO. | March 28, 2024 | Appoint Statutory Auditor Oba, Chiemi | Compensation | Board | AGAINST | 6 | |
| UNIPOL GRUPPO SPA | April 24, 2024 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNIQA INSURANCE GROUP AG | June 3, 2024 | Approve Creation of EUR 80 Million Pool of Authorized Capital with or without Exclusion of Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| UNIQA INSURANCE GROUP AG | June 3, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| UNIQA INSURANCE GROUP AG | June 3, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNITED INTERNET AG | May 17, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNITEST INC. | March 25, 2024 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO. LTD. | September 15, 2023 | Approve Authorization of Board to Handle All Matters Related to Employee Share Purchase Plan | Compensation | Board | AGAINST | 6 | |
| UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO. LTD. | September 15, 2023 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 6 | |
| UNIVERSAL SCIENTIFIC INDUSTRIAL (SHANGHAI) CO. LTD. | September 15, 2023 | Approve Management Method of Employee Share Purchase Plan | Compensation | Board | AGAINST | 6 | |
| UPONOR OYJ | December 4, 2023 | Elect Andreas Muller (Chair), Mads Joergensen, Joost Geginat, Helmut Elben, Thomas Hary, Cesar Sayegh and Marc Lahusen as New Directors | Director Elections | Board | AGAINST | 6 | |
| USEN-NEXT HOLDINGS CO. LTD. | November 29, 2023 | Appoint Statutory Auditor Kondo, Michiko | Compensation | Board | AGAINST | 6 | |
| USEN-NEXT HOLDINGS CO. LTD. | November 29, 2023 | Elect Director Uno, Yasuhide | Director Elections | Board | AGAINST | 6 | |
| V TECHNOLOGY CO. LTD. | June 26, 2024 | Appoint Statutory Auditor Sumita, Isao | Compensation | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiarie, up to Aggregate Nominal Amount of EUR 4,600,000 | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Approve Issuance of Equity or Equity-Linked Securities for up to 20 Percent of Issued Capital Per Year for Private Placements | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Approve Remuneration Policy of Executive Corporate Officers | Compensation | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above Under Items 13-15 and 17 | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 4,600,000 | Capital Structure | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize up to 3 Percent of Issued Capital for Use in Restricted Stock Plans | Compensation | Board | AGAINST | 6 | |
| VALNEVA SE | December 20, 2023 | Authorize up to 4 Percent of Issued Capital for Use in Stock Option Plans | Compensation | Board | AGAINST | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.