Home › Asset managers › Vanguard › 2024-2025 › Against the board
At least 6,065 proposals in the 2024-2025 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 65 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
6,065 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 |
|---|---|---|---|---|---|---|---|
| U-NEXT HOLDINGS CO. LTD. | November 28, 2024 | Appoint Statutory Auditor Kondo, Michiko | Compensation | Board | AGAINST | 6 | |
| U-NEXT HOLDINGS CO. LTD. | November 28, 2024 | Elect Director Uno, Yasuhide | Director Elections | Board | AGAINST | 6 | |
| UIE PLC | May 21, 2025 | Reelect Carl Bek-Nielsen as Director | Director Elections | Board | ABSTAIN | 6 | |
| UIE PLC | May 21, 2025 | Reelect Martin Bek-Nielsen as Director | Director Elections | Board | ABSTAIN | 6 | |
| UNI-PRESIDENT ENTERPRISES CORP. | May 29, 2025 | Elect Ping Chih Wu, a Representative of Taipo Inv. Co., Ltd. with SHAREHOLDER NO.69100060 as Non-independent Director | Director Elections | Board | AGAINST | 6 | |
| UNION BANK OF INDIA | July 26, 2024 | Elect Sanjay Kapoor as Director | Director Elections | Board | AGAINST | 6 | |
| UNION BANK OF INDIA | July 26, 2024 | Elect Suresh Chand Garg as Director | Director Elections | Board | AGAINST | 6 | |
| UNION TOOL CO. | March 27, 2025 | Appoint Alternate Statutory Auditor Kamiya, Mikinori | Compensation | Board | AGAINST | 6 | |
| UNIQA INSURANCE GROUP AG | June 2, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNITED INTERNET AG | May 15, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| UNITED INTERNET AG | May 15, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNITEST INC. | March 28, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| VERBIO SE | December 6, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VERBUND AG | April 29, 2025 | Reelect Robert Stajic as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| VERRICA PHARMACEUTICALS INC. | June 5, 2025 | Election of Directors: Diem Nguyen | Director Elections | Board | WITHHOLD | 6 | |
| VESTEL BEYAZ ESYA SANAYI VE TICARET AS | May 22, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| VETROPACK HOLDING AG | April 23, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VETROPACK HOLDING AG | April 23, 2025 | Reappoint Claude Cornaz as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| VETROPACK HOLDING AG | April 23, 2025 | Reappoint Richard Fritschi as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| VETROPACK HOLDING AG | April 23, 2025 | Reelect Claude Cornaz as Director and Board Chair | Director Elections | Board | AGAINST | 6 | |
| VETROPACK HOLDING AG | April 23, 2025 | Reelect Richard Fritschi as Director | Director Elections | Board | AGAINST | 6 | |
| VICAT SA | April 11, 2025 | Approve Compensation Report | Compensation | Board | AGAINST | 6 | |
| VICAT SA | April 11, 2025 | Approve Compensation of Lukas Epple, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| VICAT SA | April 11, 2025 | Approve Remuneration Policy of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| VIDRALA SA | April 29, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VIDRALA SA | April 29, 2025 | Reelect Carlos Delclaux as Director | Director Elections | Board | AGAINST | 6 | |
| VIENNA INSURANCE GROUP AG | May 23, 2025 | Approve Creation of EUR 31.1 Million Pool of Capital to Guarantee Conversion Rights | Capital Structure | Board | AGAINST | 6 | |
| VIENNA INSURANCE GROUP AG | May 23, 2025 | Approve Creation of EUR 66.4 Million Pool of Authorized Capital with or without Exclusion of Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| VIENNA INSURANCE GROUP AG | May 23, 2025 | Approve Issuance of Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Billion | Capital Structure | Board | AGAINST | 6 | |
| VIENNA INSURANCE GROUP AG | May 23, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Compensation of Habib Ramdani, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Compensation of Marc Bistuer, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Compensation of Sebastien Huron, CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Remuneration Policy of Future CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Remuneration Policy of Habib Ramdani, Acting CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Remuneration Policy of Habib Ramdani, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Approve Remuneration Policy of Marc Bistuer, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| VIRBAC SA | June 19, 2025 | Reelect Pierre Madelpuech as Director | Director Elections | Board | AGAINST | 6 | |
| VITROLIFE AB | April 29, 2025 | Reelect Henrik Blomquist as Director | Director Elections | Board | AGAINST | 6 | |
| VITROLIFE AB | April 29, 2025 | Reelect Jon Sigurdsson (Chair) as Director | Director Elections | Board | AGAINST | 6 | |
| VOESTALPINE AG | July 3, 2024 | Approve Remuneration Policy for the Management Board | Compensation | Board | AGAINST | 6 | |
| VOESTALPINE AG | July 3, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VOESTALPINE AG | July 3, 2024 | Elect Franz Gasselsberger as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| VOESTALPINE AG | July 3, 2024 | Elect Heinrich Schaller as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| VOESTALPINE AG | July 3, 2024 | Elect Wolfgang Eder as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| VOLKSWAGEN AG | May 16, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| VOLKSWAGEN AG | May 16, 2025 | Elect Mohammed Al-Sowaidi to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Compensation of Laurence Mulliez, Chairwoman of the Board | Compensation | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Compensation of Sebastien Clerc, CEO | Compensation | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries in the Framework of an Equity Line, up to Aggregate Nominal Amount of EUR 150 Million | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 600 Million | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Approve Remuneration Policy of Chairwoman of the Board | Compensation | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Authorize Capital Increase of Up to EUR 600 Million for Future Exchange Offers | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 600 Million | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 500 Million | Capital Structure | Board | AGAINST | 6 | |
| VOLTALIA | May 15, 2025 | Reelect Sarah Caulliez as Director | Director Elections | Board | AGAINST | 6 | |
| VOLVO CAR AB | April 3, 2025 | Reelect Daniel Li (Li Donghui) as Director | Director Elections | Board | AGAINST | 6 | |
| VOLVO CAR AB | April 3, 2025 | Reelect Eric Li (Li Shufu) as Board Chair | Director Elections | Board | AGAINST | 6 | |
| VOLVO CAR AB | April 3, 2025 | Reelect Eric Li (Li Shufu) as Director | Director Elections | Board | AGAINST | 6 | |
| VOLVO CAR AB | April 3, 2025 | Reelect Lone Fonss Schroder as Director | Director Elections | Board | AGAINST | 6 | |
| VOLVO CAR AB | April 3, 2025 | Reelect Lone Fonss Schroder as Vice Chair | Director Elections | Board | AGAINST | 6 | |
| VONTOBEL HOLDING AG | April 2, 2025 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| VONTOBEL HOLDING AG | April 2, 2025 | Reappoint Bjoern Wettergren as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| VONTOBEL HOLDING AG | April 2, 2025 | Reelect Bjoern Wettergren as Director | Director Elections | Board | AGAINST | 6 | |
| VONTOBEL HOLDING AG | April 2, 2025 | Reelect Maja Baumann as Director | Director Elections | Board | AGAINST | 6 | |
| VSTECS HOLDINGS LTD. | May 22, 2025 | Elect Li Jialin as Director | Director Elections | Board | AGAINST | 6 | |
| VT CO. LTD. | March 27, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| VT CO. LTD. | March 27, 2025 | Elect Lee Se-jeong as Outside Director | Director Elections | Board | AGAINST | 6 | |
| VUKILE PROPERTY FUND LTD. | September 2, 2024 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 6 | |
| VUKILE PROPERTY FUND LTD. | September 2, 2024 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 6 | |
| VZ HOLDING AG | April 9, 2025 | Approve Variable Remuneration of Executive Committee in the Amount of CHF 2.9 Million | Compensation | Board | AGAINST | 6 | |
| VZ HOLDING AG | April 9, 2025 | Elect Matthias Reinhart as Director and Board Chair | Director Elections | Board | AGAINST | 6 | |
| VZ HOLDING AG | April 9, 2025 | Reappoint Matthias Reinhart as Member of the Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| W-SCOPE CHUNGJU PLANT CO. LTD. | March 27, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Approve Supervisory Board Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Elect Johann Neunteufel to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Elect Matthias Schueppen to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Elect Peter Riegler to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| WACKER NEUSON SE | May 23, 2025 | Elect Ralph Wacker to the Supervisory Board | Director Elections | Board | AGAINST | 6 | |
| WACOAL HOLDINGS CORP. | June 25, 2025 | Appoint Statutory Auditor Okamoto, Katsuhiro | Compensation | Board | AGAINST | 6 | |
| WALSIN LIHWA CORP. | May 16, 2025 | Amend Procedures for Endorsement and Guarantees | Extraordinary Transactions | Board | AGAINST | 6 | |
| WEAVER NETWORK TECHNOLOGY CO. LTD. | April 24, 2025 | Approve Formulation of Remuneration System for Directors and Senior Management | Compensation | Board | AGAINST | 6 | |
| WEAVER NETWORK TECHNOLOGY CO. LTD. | April 24, 2025 | Approve Remuneration of Directors and Senior Management | Compensation | Board | AGAINST | 6 | |
| WEBUILD SPA | April 16, 2025 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| WEBZEN INC. | March 28, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| WELLNEO SUGAR CO. LTD. | June 26, 2025 | Appoint Statutory Auditor Asaoka, Kahori | Compensation | Board | AGAINST | 6 | |
| WEMADE CO. LTD. | March 28, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| WEST HOLDINGS CORP. | November 26, 2024 | Elect Director Egashira, Eiichiro | Director Elections | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Employee Securities Incentive Plan | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Issuance of Director Shares to Ajanth Saverimutto | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Issuance of Performance Rights to Ajanth Saverimutto | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Issuance of Performance Rights to Matthew Banks | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Issuance of Performance Rights to Samuel Ekins | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| WILDCAT RESOURCES LTD. | November 29, 2024 | Elect Jeff Elliott as Director | Director Elections | Board | AGAINST | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.