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 |
|---|---|---|---|---|---|---|---|
| LVMH MOET HENNESSY LOUIS VUITTON SE | April 18, 2024 | Approve Compensation of Bernard Arnault, Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| LVMH MOET HENNESSY LOUIS VUITTON SE | April 18, 2024 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| LVMH MOET HENNESSY LOUIS VUITTON SE | April 18, 2024 | Approve Remuneration Policy of Vice-CEO | Compensation | Board | AGAINST | 5 | |
| MAJOR CINEPLEX GROUP PUBLIC CO. LTD. | April 2, 2024 | Elect Chonticha Chitrarporn as Director | Director Elections | Board | AGAINST | 5 | |
| MAJOR CINEPLEX GROUP PUBLIC CO. LTD. | April 2, 2024 | Elect Paradee Poolvaraluk as Director | Director Elections | Board | AGAINST | 5 | |
| MAJOR CINEPLEX GROUP PUBLIC CO. LTD. | April 2, 2024 | Elect Pawatt Ongvasith as Director | Director Elections | Board | AGAINST | 5 | |
| MAJOR CINEPLEX GROUP PUBLIC CO. LTD. | April 2, 2024 | Elect Satian Pooprasert as Director | Director Elections | Board | AGAINST | 5 | |
| MAMMOTH ENERGY SERVICES INC. | June 12, 2024 | Election of Directors: James Palm | Director Elections | Board | AGAINST | 5 | |
| MANAPPURAM FINANCE LTD. | August 17, 2023 | Approve Revision in Remuneration Payable to Sumitha Nandan as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| MANAPPURAM FINANCE LTD. | August 17, 2023 | Approve Revision in Remuneration Payable to V P Nandakumar as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect James L. Go as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect Jose Ma. K. Lim as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect June Cheryl A. Cabal-Revilla as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect Lance Y. Gokongwei as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect Patrick Henry C. Go as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect Ray C. Espinosa as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 28, 2024 | Elect Victorico P. Vargas as Director | Director Elections | Board | AGAINST | 5 | |
| MARS GROUP HOLDINGS CORP. | June 26, 2024 | Approve Statutory Auditor Retirement Bonus | Compensation | Board | AGAINST | 5 | |
| MARS GROUP HOLDINGS CORP. | June 26, 2024 | Elect Director Matsunami, Akihiro | Director Elections | Board | AGAINST | 5 | |
| MARUSAN SECURITIES CO. LTD. | June 21, 2024 | Elect Director Kikuchi, Minoru | Director Elections | Board | AGAINST | 5 | |
| MAS PLC | December 7, 2023 | Approve Compensation Implementation Report for Non-executive Directors | Compensation | Board | AGAINST | 5 | |
| MAS PLC | December 7, 2023 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| MAS PLC | December 7, 2023 | Elect Mihail Vasilescu as Director | Director Elections | Board | AGAINST | 5 | |
| MASTEK LTD. | September 21, 2023 | Elect Umang Nahata as Director | Director Elections | Board | AGAINST | 5 | |
| MATSUYA FOODS HOLDINGS CO. LTD. | June 26, 2024 | Elect Director Kawarabuki, Kazutoshi | Director Elections | Board | AGAINST | 5 | |
| MAX FINANCIAL SERVICES LTD. | August 22, 2023 | Reelect Richard Stagg as Director | Director Elections | Board | AGAINST | 5 | |
| MAYR-MELNHOF KARTON AG | April 24, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| MAYTRONICS LTD. | July 3, 2023 | Reappoint Kost, Forer, Gabbay & Kasierer as Auditors and Report on Auditors' Fees | Audit-related | Board | AGAINST | 5 | |
| MEDPEER INC. | December 19, 2023 | Elect Director Iwami, Yo | Director Elections | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | July 17, 2023 | Approve Adjustment of Employee Share Purchase Plan Performance Assessment | Compensation | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | September 14, 2023 | Approve Provision of Guarantee and Counter-guarantee | Capital Structure | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | November 10, 2023 | Approve Equity Acquisition | Extraordinary Transactions | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | December 25, 2023 | Approve Provision of Guarantee and Counter Guarantee Amounts for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | January 23, 2024 | Approve Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | January 23, 2024 | Approve to Carry-out Financial Leasing and Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| MELCO HOLDINGS INC. | June 26, 2024 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 5 | |
| MELCO HOLDINGS INC. | June 26, 2024 | Elect Director Maki, Hiroyuki | Director Elections | Board | AGAINST | 5 | |
| MENORA MIVTACHIM HOLDINGS LTD. | October 17, 2023 | Reelect Shay Feldman as Director and Approve His Remuneration | Director Elections | Board | AGAINST | 5 | |
| MERCURIES LIFE INSURANCE CO. LTD. | November 3, 2023 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Cheng Wen-Hsiang, a Representative of Dinghong Investment Co., Ltd. with Shareholder No. 0115936, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Chiang Cha Hsuan, a Representative of Dingcheng Investment Co., Ltd. with Shareholder No. 0024746, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Lai Chun-Ku, a Representative of Dingcheng Investment Co., Ltd. with Shareholder No. 0024746, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Lai Ju-Ting, a Representative of Dinghong Investment Co., Ltd. with Shareholder No. 0115936, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Lo Tsai-Jen, with Shareholder No. 0000519, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Tseng Ching-Cheng, a Representative of Dinghong Investment Co., Ltd. with Shareholder No. 0115936, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Tseng Lu Min-Hua, with Shareholder No. 0000018, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MERIDA INDUSTRY CO. LTD. | June 26, 2024 | Elect Yuan Chi-Pin, a Representative of Dinghong Investment Co., Ltd. with Shareholder No. 0115936, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| METALLURGICAL CORPORATION OF CHINA LTD. | June 25, 2024 | Approve Plan of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| METROPOLIS HEALTHCARE LTD. | August 17, 2023 | Reelect Hemant Sachdev as Director | Director Elections | Board | AGAINST | 5 | |
| METROPOLIS HEALTHCARE LTD. | August 17, 2023 | Reelect Sanjay Bhatnagar as Director | Director Elections | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 26, 2024 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 26, 2024 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 26, 2024 | Approve Remuneration of Directors in the Amount of EUR 99,000 for Chairman, EUR 85,000 for Vice Chairman and EUR 67,000 for Other Directors; Approve Meeting Fees; Approve Remuneration for Committee Work | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 26, 2024 | Reelect Raija-Leena Hankonen-Nybom, Erja Hyrsky, Ilkka Hamala, Mari Kiviniemi, Jussi Linnaranta, Jukka Moisio, Mikko Makimattila and Juha Vanhainen as Directors; Elect Leena Craelius as New Director | Director Elections | Board | ABSTAIN | 5 | |
| MEZZION PHARMA CO. LTD. | March 26, 2024 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| MICRO-TECH (NANJING) CO. LTD. | May 16, 2024 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MICRO-TECH (NANJING) CO. LTD. | May 16, 2024 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2024 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2024 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2024 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| MILLAT TRACTORS LTD. | June 15, 2024 | Approve Scheme of Arrangement | Extraordinary Transactions | Board | AGAINST | 5 | |
| MING YANG SMART ENERGY GROUP CO. LTD. | September 26, 2023 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MITANI SEKISAN CO. LTD. | June 19, 2024 | Elect Director Mitani, Shinji | Director Elections | Board | AGAINST | 5 | |
| MITCHELLS & BUTLERS PLC | January 23, 2024 | Re-elect Bob Ivell as Director | Director Elections | Board | AGAINST | 5 | |
| MITCHELLS & BUTLERS PLC | January 23, 2024 | Re-elect Josh Levy as Director | Director Elections | Board | AGAINST | 5 | |
| MIVNE REAL ESTATE (K.D) LTD. | December 13, 2023 | Reappoint Kost Forer Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| MLP SAGLIK HIZMETLERI AS | May 13, 2024 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| MLS CO. LTD. | January 11, 2024 | Approve Estimated Amount of Guarantee for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| MOMENTUM METROPOLITAN HOLDINGS LTD. | November 23, 2023 | Approve Fees of the Ad Hoc Work (Per Hour) | Compensation | Board | AGAINST | 5 | |
| MOMENTUM METROPOLITAN HOLDINGS LTD. | November 23, 2023 | Approve Implementation Report | Compensation | Board | AGAINST | 5 | |
| MONALISA GROUP CO. LTD. | May 17, 2024 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reappoint Christian Hosp as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reappoint Michael Tojner as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reappoint Thomas Williams as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reelect Christian Hosp as Director | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reelect Helmut Wieser as Director | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reelect Markus Vischer as Director | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reelect Michael Tojner as Director and Board Co-Chair | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 21, 2024 | Reelect Thomas Williams as Director and Board Co-Chair | Director Elections | Board | AGAINST | 5 | |
| MORITA HOLDINGS CORP. | June 21, 2024 | Appoint Statutory Auditor Hiraoka, Michihiro | Compensation | Board | AGAINST | 5 | |
| MOTILAL OSWAL FINANCIAL SERVICES LTD. | July 11, 2023 | Reelect Chandrashekhar Karnik as Director | Director Elections | Board | AGAINST | 5 | |
| MOTILAL OSWAL FINANCIAL SERVICES LTD. | May 30, 2024 | Approve Extension of Benefits of the Motilal Oswal Financial Services Limited - Employees' Stock Option Scheme - X and Issuance of Stock Options to the Employees of Present/Future Subsidiary Company(ies)/Holding Company(ies)/Associate Company(ies) | Compensation | Board | AGAINST | 5 | |
| MOTILAL OSWAL FINANCIAL SERVICES LTD. | May 30, 2024 | Approve Motilal Oswal Financial Services Limited - Employees' Stock Option Scheme - X | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 19, 2024 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 19, 2024 | Approve Profit Distribution to Board Members and Management | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 19, 2024 | Elect Directors (Bundled) | Director Elections | Board | AGAINST | 5 | |
| MOTUS HOLDINGS LTD. (SOUTH AFRICA) | November 8, 2023 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 5 | |
| MOTUS HOLDINGS LTD. (SOUTH AFRICA) | November 8, 2023 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 5 | |
| MULTIPLAN EMPREENDIMENTOS IMOBILIARIOS SA | October 20, 2023 | Elect Helio Lima Magalhaes as Director | Director Elections | Board | AGAINST | 5 | |
| MUYUAN FOODS CO. LTD. | December 21, 2023 | Approve Estimated Amount of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MUYUAN FOODS CO. LTD. | December 21, 2023 | Approve Provision of Guarantee to Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| MUYUAN FOODS CO. LTD. | December 21, 2023 | Elect Zhou Mingsheng as Independent Director | Director Elections | Board | AGAINST | 5 | |
| MYTILINEOS SA | June 4, 2024 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| NAGAILEBEN CO. LTD. | November 24, 2023 | Elect Director Sawanobori, Ichiro | Director Elections | Board | AGAINST | 5 | |
| NAMURA SHIPBUILDING CO. LTD. | June 25, 2024 | Appoint Statutory Auditor Matsumoto, Yoshiki | Compensation | Board | AGAINST | 5 | |
| NANO-X IMAGING LTD. | June 25, 2024 | Approve Compensation Policy for the Directors and Officers of the Company | Compensation | Board | AGAINST | 5 | |
| NANO-X IMAGING LTD. | June 25, 2024 | Approve Grant of Options to Erez Meltzer, CEO | Compensation | Board | AGAINST | 5 | |
| NASPERS LTD. | August 24, 2023 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.