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 |
|---|---|---|---|---|---|---|---|
| AEON THANA SINSAP (THAILAND) PUBLIC CO. LTD. | June 24, 2025 | Elect Kazumasa Oshima as Director | Director Elections | Board | AGAINST | 5 | |
| AGILITY GLOBAL PLC | March 24, 2025 | Approve Board Recommendation to Adopt a Share Option Plan to be Offered to Certain Bona Fide Employees of the Company | Compensation | Board | AGAINST | 5 | |
| AGV PRODUCTS CORP. | June 25, 2025 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| AIA ENGINEERING LTD. | September 9, 2024 | Reelect Bhumika Shyamal Shodhan as Director | Director Elections | Board | AGAINST | 5 | |
| AIMA TECHNOLOGY GROUP CO. LTD. | May 6, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| AIMA TECHNOLOGY GROUP CO. LTD. | May 6, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| AIR CHINA LTD. | February 25, 2025 | Elect Winnie Tam Wan-chi as Director | Director Elections | Board | AGAINST | 5 | |
| AIR CHINA LTD. | June 24, 2025 | Approve Grant of General Mandate to the Board to Issue Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| AIRPORT CITY LTD. | July 16, 2024 | Reappoint Somekh Chaikin (KPMG) as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| AJMAN BANK PJSC | February 27, 2025 | Approve Board Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| AJMAN BANK PJSC | February 27, 2025 | Approve Remuneration of Directors and Ratify the Board Fees for Attending Board Committees Meetings | Compensation | Board | AGAINST | 5 | |
| AKER SOLUTIONS ASA | April 28, 2025 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 5 | |
| AKER SOLUTIONS ASA | April 28, 2025 | Approve Remuneration Statement (Advisory Vote) | Compensation | Board | AGAINST | 5 | |
| AKER SOLUTIONS ASA | April 28, 2025 | Reelect Leif-Arne Langoy (Chair), Oyvind Eriksen (Vice Chair), Kjell Inge Rokke and Birgit Aagaard-Svendsen as Directors | Director Elections | Board | AGAINST | 5 | |
| AKSA AKRILIK KIMYA SANAYII AS | May 14, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| AKSA ENERJI URETIM AS | June 13, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| AKSIGORTA AS | March 19, 2025 | Ratify Appointment of Directors | Director Elections | Board | AGAINST | 5 | |
| AL YAH SATELLITE COMMUNICATIONS CO. PJSC | September 26, 2024 | Approve Remuneration of Directors for the Period Starting from the Beginning of the Current FY 2024 until the Date of this Meeting | Compensation | Board | AGAINST | 5 | |
| ALBARAKA TURK KATILIM BANKASI AS | March 26, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| ALBARAKA TURK KATILIM BANKASI AS | March 26, 2025 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| ALBEMARLE CORP. | May 6, 2025 | Advisory vote to approve the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 5 | |
| ALFA SOLAR ENERJI SANAYI VE TICARET AS | May 29, 2025 | Appoint Auditor for Sustainability Reporting | Audit-related | Board | AGAINST | 5 | |
| ALIMENTATION COUCHE-TARD INC. | September 5, 2024 | Elect Director Melanie Kau | Director Elections | Board | WITHHOLD | 5 | |
| ALKYL AMINES CHEMICALS LTD. | September 14, 2024 | Approve Reappointment and Remuneration of Kirat M. Patel as Executive Director | Compensation | Board | AGAINST | 5 | |
| ALKYL AMINES CHEMICALS LTD. | September 14, 2024 | Approve Reappointment and Remuneration of Suneet Y. Kothari as Executive Director | Compensation | Board | AGAINST | 5 | |
| ALKYL AMINES CHEMICALS LTD. | September 14, 2024 | Approve Reappointment and Remuneration of Yogesh M. Kothari as Chairman and Managing Director | Compensation | Board | AGAINST | 5 | |
| ALLCARGO LOGISTICS LTD. | June 20, 2025 | Approve Reappointment and Remuneration of Shashi Kiran Shetty as Chairman and Managing Director | Compensation | Board | AGAINST | 5 | |
| ALLEIMA AB | April 28, 2025 | Reelect Claes Boustedt as Director | Director Elections | Board | AGAINST | 5 | |
| ALLEIMA AB | April 28, 2025 | Reelect Karl Aberg as Director | Director Elections | Board | AGAINST | 5 | |
| ALLIS ELECTRIC CO. LTD. | June 11, 2025 | Elect Chen Ming Sheng, a Representative of Everbright Investment Consultant Co., Ltd. with Shareholder No. 0108058, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| ALPHA SERVICES & HOLDINGS SA | July 24, 2024 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| ALPHABET INC. | June 6, 2025 | Election of Director: Larry Page | Director Elections | Board | AGAINST | 5 | |
| ALSEA SAB DE CV | April 30, 2025 | Elect or Ratify Cosme Alberto Torrado Martinez as Director | Director Elections | Board | AGAINST | 5 | |
| ALSEA SAB DE CV | April 30, 2025 | Elect or Ratify Federico Tejado Barcena as Director | Director Elections | Board | AGAINST | 5 | |
| ALTEN SA | June 12, 2025 | Reelect Aliette Mardyks as Director | Director Elections | Board | AGAINST | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Approve Remuneration of Company's Management | Compensation | Board | AGAINST | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Eduardo de Almeida Pires Neto as Director | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Humberto Falcao Martins as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Jose Luiz de Godoy Pereira as Director and Ana Helena Godoy Pereira de Almeida Pires as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Marcelo Tosto de Oliveira Carvalho as Director | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Paulo Roberto de Godoy Pereira as Director and Fernando Carvalho de Godoy Pereira as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Rogerio Paulo Calderon Peres as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| ALUPAR INVESTIMENTO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Vinicius Casagrande Canheu as Director | Director Elections | Board | ABSTAIN | 5 | |
| AMBER ENTERPRISES INDIA LTD. | August 9, 2024 | Approve Inter-Corporate Loans, Investments, Guarantee or Security and Acquisition by the Company Exceeding the Limit Ascribed under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 5 | |
| AMBER ENTERPRISES INDIA LTD. | August 9, 2024 | Approve Loan(s), Guarantee(s), and/or Providing Security(ies) to Subsidiary Companies, Joint Venture and other Associates | Capital Structure | Board | AGAINST | 5 | |
| AMBER ENTERPRISES INDIA LTD. | November 5, 2024 | Approve Inter-Corporate Loans, Investments, Guarantee or Security and Acquisition by the Company Exceeding the Limits Ascribed under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 5 | |
| AMBER ENTERPRISES INDIA LTD. | November 5, 2024 | Approve Payment of Managerial Remuneration to Sachin Gupta as Whole Time Director | Compensation | Board | AGAINST | 5 | |
| AMBER ENTERPRISES INDIA LTD. | November 5, 2024 | Elect Sachin Gupta as Director and Approve Appointment of Sachin Gupta as Whole Time Director | Director Elections | Board | AGAINST | 5 | |
| ANADOLU ANONIM TURK SIGORTA SIRKETI AS | March 26, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| ANADOLU ANONIM TURK SIGORTA SIRKETI AS | March 26, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| ANADOLU EFES BIRACILIK VE MALT SANAYII A.S | January 21, 2025 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| ANAND RATHI WEALTH LTD. | May 23, 2025 | Approve ARWL - Employee Stock Option Scheme (ARWL ESOP - 2025) | Compensation | Board | AGAINST | 5 | |
| ANAND RATHI WEALTH LTD. | May 23, 2025 | Approve Extension of ARWL - Employee Stock Option Scheme (ARWL ESOP - 2025) to the Present and Future Employees of Subsidiary Companies | Compensation | Board | AGAINST | 5 | |
| ANGEL ONE LTD. | June 9, 2025 | Approve Appointment and Remuneration of Ambarish Kenghe as Whole Time Director | Compensation | Board | AGAINST | 5 | |
| ANHUI HUAHENG BIOTECHNOLOGY CO. LTD. | May 13, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ANHUI HUAHENG BIOTECHNOLOGY CO. LTD. | May 13, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| ANHUI HUAHENG BIOTECHNOLOGY CO. LTD. | May 13, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| ANHUI HUILONG AGRICULTURAL MEANS OF PRODUCTION CO. LTD. | May 13, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| ANHUI HUILONG AGRICULTURAL MEANS OF PRODUCTION CO. LTD. | May 13, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| ANHUI HUILONG AGRICULTURAL MEANS OF PRODUCTION CO. LTD. | May 13, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| ANHUI JIANGNAN CHEMICAL INDUSTRY CO. LTD. | October 24, 2024 | Approve Conduct of Entrusted Loans and Related Party Transactions | Capital Structure | Board | AGAINST | 5 | |
| ANHUI TRUCHUM ADVANCED MATERIALS & TECHNOLOGY CO. LTD. | August 15, 2024 | Approve Terms for Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| ANHUI TRUCHUM ADVANCED MATERIALS & TECHNOLOGY CO. LTD. | April 11, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ANHUI ZHONGDING SEALING PARTS CO. LTD. | May 23, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| ANJOY FOODS GROUP CO. LTD. | May 21, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ANKER INNOVATIONS TECHNOLOGY CO. LTD. | July 1, 2024 | Approve New Guarantee Amount and Guarantee Parties | Capital Structure | Board | AGAINST | 5 | |
| ANKER INNOVATIONS TECHNOLOGY CO. LTD. | January 23, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ANKER INNOVATIONS TECHNOLOGY CO. LTD. | May 23, 2025 | Approve Credit Line Application and Guarantee Amount | Capital Structure | Board | AGAINST | 5 | |
| ANPEC ELECTRONICS CORP. | June 23, 2025 | Elect a Representative of SINOPOWER SEMICONDUCTOR INC., with Shareholder No. 00095240, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| ANYANG IRON & STEEL CO. LTD. | November 29, 2024 | Approve Provision of Guarantee to Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| ANYANG IRON & STEEL CO. LTD. | March 25, 2025 | Approve Provision of Guarantee for Henan Angang Southern Electromagnetic New Materials Technology Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| ANYANG IRON & STEEL CO. LTD. | March 25, 2025 | Approve Provision of Guarantee for Henan Angang Zhoukou Iron and Steel Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| AOTECAR NEW ENERGY TECHNOLOGY CO. LTD. | September 23, 2024 | Approve Acquisition of Shares | Extraordinary Transactions | Board | AGAINST | 5 | |
| APEX INVESTMENT PSC | March 18, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| APICHOPE PHARMACEUTICAL GROUP CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| APOLLO TYRES LTD. | April 16, 2025 | Approve Acquisition of Equity Shares by Way of Secondary Acquisition Under Apollo Tyres Limited Employees Stock Option Scheme - 2025 | Compensation | Board | AGAINST | 5 | |
| APOLLO TYRES LTD. | April 16, 2025 | Approve Apollo Tyres Limited Employees Stock Option Scheme - 2025 | Compensation | Board | AGAINST | 5 | |
| APOLLO TYRES LTD. | April 16, 2025 | Approve Grant of of Options to the Employees of Subsidiary Company(ies), in India or Outside India, under Apollo Tyres Limited Employees Stock Option Scheme - 2025 | Compensation | Board | AGAINST | 5 | |
| APOLLO TYRES LTD. | April 16, 2025 | Approve Provision of Loan by the Company for Purchase of its Own Shares by the Trust / Trustees for the Benefit of Employees Under Apollo Tyres Limited Employees Stock Option Scheme - 2025 | Compensation | Board | AGAINST | 5 | |
| APPOTRONICS CORP. LTD. | May 20, 2025 | Approve Application of Credit Lines and Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| APPOTRONICS CORP. LTD. | May 20, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| APPOTRONICS CORP. LTD. | May 20, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| APTUS VALUE HOUSING FINANCE INDIA LTD. | September 6, 2024 | Approve Reappointment and Remuneration of M Anandan as Executive Chairman | Compensation | Board | AGAINST | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdulazeez Al Rayis as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdulazeez Al Thameeri as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdullah Al Al Sheikh as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdullah Al Huseeni as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdullah Al Shareef as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdullah Shirbeeni as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdulrahman Al Bizyawi as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Ahmed Badrawi as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Badr Atiyah as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Fahd Al Ajmi as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Fahd Al Khareef as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Fahd Al Sameeh as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Fawaz Al Hukeer as Director | Director Elections | Board | ABSTAIN | 5 | |
| ARABIAN CENTRES CO. | June 17, 2025 | Elect Hani Qashlan as Director | Director Elections | Board | ABSTAIN | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.