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 |
|---|---|---|---|---|---|---|---|
| BANCO BTG PACTUAL SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Mark Clifford Maletz as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO BTG PACTUAL SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Nelson Azevedo Jobim as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO BTG PACTUAL SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Roberto Balls Sallouti as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Anelize Lenzi Ruas de Almeida as Director | Director Elections | Board | AGAINST | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Bernard Appy as Fiscal Council Member | Compensation | Board | ABSTAIN | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Elisa Vieira Leonel as Director | Director Elections | Board | AGAINST | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Fabio Franco Barbosa Fernandes as Director | Director Elections | Board | AGAINST | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Marcio Luiz de Albuquerque Oliveira as Director | Director Elections | Board | AGAINST | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Renato da Motta Andrade Neto as Fiscal Council Member and Paulo Moreira Marques as Alternate | Compensation | Board | ABSTAIN | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Tarciana Paula Gomes Medeiros as Director | Director Elections | Board | AGAINST | 5 | |
| BANCO DO BRASIL SA | April 30, 2025 | Elect Tatiana Rosito as Fiscal Council Member | Compensation | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | August 30, 2024 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | August 30, 2024 | Percentage of Votes to Be Assigned - Elect Javier Maldonado Trinchant as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | January 17, 2025 | Percentage of Votes to Be Assigned - Elect Cristina San Jose Brosa as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Approve Remuneration of Company's Management and Audit Committee | Compensation | Board | AGAINST | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Cristiana Almeida Pipponzi as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Deborah Patricia Wright as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Deborah Stern Vieitas as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Ede Ilson Viani as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Jose de Paiva Ferreira as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Mario Roberto Opice Leao as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Pedro Augusto de Melo as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| BANCO SANTANDER (BRASIL) SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Vanessa de Souza Lobato Barbosa as Director | Director Elections | Board | ABSTAIN | 5 | |
| BANGKOK AIRWAYS PUBLIC COMPANY LTD. | April 8, 2025 | Elect Ariya Prasarttong-Osoth as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect Kartar Singh Chauhan as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect M P Tangirala as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect Rameshwar Prasad Vijay as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect Sanjay Kapoor as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect Suresh Chand Garg as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF BARODA | July 5, 2024 | Elect Vijay Dube as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF CHONGQING CO. LTD. | April 22, 2025 | Approve Issuance of Undated Capital Bonds | Capital Structure | Board | AGAINST | 5 | |
| BANK OF HANGZHOU CO. LTD. | June 25, 2025 | Approve Issuance of Financial Bonds and Special Authorization | Capital Structure | Board | AGAINST | 5 | |
| BANK OF LANZHOU CO. LTD. | November 15, 2024 | Approve Acquisition of Jincheng Rural Bank in Heshui County and Establishment of a Branch | Extraordinary Transactions | Board | AGAINST | 5 | |
| BANK OF LANZHOU CO. LTD. | December 20, 2024 | Approve Acquisition of Longnan Wudu Jinqiao Village Bank and Establishment of a Branch | Extraordinary Transactions | Board | AGAINST | 5 | |
| BANK OF LANZHOU CO. LTD. | June 25, 2025 | Amend Authorization of the General Meeting of Shareholders to the Board of Directors | Extraordinary Transactions | Board | AGAINST | 5 | |
| BANK OF MAHARASHTRA | June 30, 2025 | Elect Alok Jain as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF MAHARASHTRA | June 30, 2025 | Elect Atul Jain as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF MAHARASHTRA | June 30, 2025 | Elect Mrutyunjay Mahapatra as Director | Director Elections | Board | AGAINST | 5 | |
| BANK OF MAHARASHTRA | June 30, 2025 | Elect Prasenjeet Shrikrishna Fadnavis as Director | Director Elections | Board | AGAINST | 5 | |
| BASF INDIA LTD. | August 7, 2024 | Reelect Ramkumar Dhruva as Director | Director Elections | Board | AGAINST | 5 | |
| BASKENT DOGALGAZ DAGITIM GAYRIMENKUL YATIRIM ORTAKLIGI AS | June 13, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| BATICIM BATI ANADOLU CIMENTO SANAYII AS | July 2, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| BATICIM BATI ANADOLU CIMENTO SANAYII AS | July 2, 2024 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| BATICIM BATI ANADOLU CIMENTO SANAYII AS | June 18, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| BATICIM BATI ANADOLU CIMENTO SANAYII AS | June 18, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| BATICIM BATI ANADOLU CIMENTO SANAYII AS | June 18, 2025 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Approve Remuneration of Company's Management | Compensation | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Elect Andre Gustavo Borba Assumpcao Haui as Director (CEO of BB Seguridade) | Director Elections | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Elect Guilherme Santos Mello as Director (Appointed by Uniao) | Director Elections | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Elect Kamillo Tononi Oliveira Silva as Director (Appointed by Banco do Brasil) | Director Elections | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Elect Marcos Rogerio de Souza as Director (Appointed by Uniao) | Director Elections | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Elect Rosiane Barbosa Laviola as Director (Appointed by Banco do Brasil) | Director Elections | Board | AGAINST | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Andre Gustavo Borba Assumpcao Haui as Director (CEO of BB Seguridade) | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Gilberto Lourenco da Aparecida as Independent Director (Appointed by Banco do Brasil) | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Guilherme Santos Mello as Director (Appointed by Uniao) | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Kamillo Tononi Oliveira Silva as Director (Appointed by Banco do Brasil) | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Marcos Rogerio de Souza as Director (Appointed by Uniao) | Director Elections | Board | ABSTAIN | 5 | |
| BB SEGURIDADE PARTICIPACOES SA | April 29, 2025 | Percentage of Votes to Be Assigned - Elect Rosiane Barbosa Laviola as Director (Appointed by Banco do Brasil) | Director Elections | Board | ABSTAIN | 5 | |
| BDO UNIBANK INC. | April 25, 2025 | Approve Allocation of Up to 2% of the Bank's Outstanding Primary Common Shares for Future Awards Under the Bank's Employee Stock Option Plan | Compensation | Board | AGAINST | 5 | |
| BEIJING CAPITAL DEVELOPMENT CO. LTD. | September 5, 2024 | Approve Provision of Shareholder Loans | Capital Structure | Board | AGAINST | 5 | |
| BEIJING CAPITAL DEVELOPMENT CO. LTD. | November 7, 2024 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 5 | |
| BEIJING CAPITAL DEVELOPMENT CO. LTD. | December 4, 2024 | Approve Provision of Guarantee for Loan Application | Capital Structure | Board | AGAINST | 5 | |
| BEIJING CAPITAL DEVELOPMENT CO. LTD. | June 30, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| BEIJING DABEINONG TECHNOLOGY GROUP CO. LTD. | May 15, 2025 | Approve Estimated Amount of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| BEIJING DAHAO TECHNOLOGY CORP. LTD. | April 18, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| BEIJING GEOENVIRON ENGINEERING & TECHNOLOGY INC. | April 9, 2025 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| BEIJING JINGNENG CLEAN ENERGY CO. LTD. | June 18, 2025 | Approve Grant of General Mandate to the Board to Determine the Issuance of Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| BEIJING JINGNENG CLEAN ENERGY CO. LTD. | June 18, 2025 | Approve Investment Business Plan | Extraordinary Transactions | Board | AGAINST | 5 | |
| BEIJING JINGNENG POWER CO. LTD. | June 20, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| BEIJING JINGNENG POWER CO. LTD. | June 20, 2025 | Approve Internal Loan | Capital Structure | Board | AGAINST | 5 | |
| BEIJING UNITED INFORMATION TECHNOLOGY CO. LTD. | January 3, 2025 | Approve Credit Line Application and Guarantee Matters | Capital Structure | Board | AGAINST | 5 | |
| BEIJING UNITED INFORMATION TECHNOLOGY CO. LTD. | May 20, 2025 | Approve Credit Line Application and Guarantee | Capital Structure | Board | AGAINST | 5 | |
| BEIJING VRV SOFTWARE CO. LTD. | March 5, 2025 | Approve Application for Comprehensive Credit and Related Guarantees from Financial Institutions | Capital Structure | Board | AGAINST | 5 | |
| BEIJING WATER BUSINESS DOCTOR CO. LTD. | December 4, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| BEIQI FOTON MOTOR CO. LTD. | March 28, 2025 | Approve Financing Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| BELL FOOD GROUP AG | April 8, 2025 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 5 | |
| BELL FOOD GROUP AG | April 8, 2025 | Reappoint Philipp Wyss as Member of the Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| BELL FOOD GROUP AG | April 8, 2025 | Reelect Joos Sutter as Board Chair | Director Elections | Board | AGAINST | 5 | |
| BELL FOOD GROUP AG | April 8, 2025 | Reelect Joos Sutter as Director | Director Elections | Board | AGAINST | 5 | |
| BELL FOOD GROUP AG | April 8, 2025 | Reelect Philipp Wyss as Director | Director Elections | Board | AGAINST | 5 | |
| BERA HOLDING AS | July 18, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| BERA HOLDING AS | July 18, 2024 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| BESIKTAS FUTBOL YATIRIMLARI SANAYI VE TICARET AS | October 2, 2024 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| BESIKTAS FUTBOL YATIRIMLARI SANAYI VE TICARET AS | October 25, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| BETAGRO PUBLIC COMPANY LTD. | April 22, 2025 | Elect Siriwan Intarakumthornchai as Director | Director Elections | Board | AGAINST | 5 | |
| BETTA PHARMACEUTICALS CO. LTD. | May 8, 2025 | Approve Application for Comprehensive Financing Quotas and Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| BETTER COLLECTIVE A/S | April 22, 2025 | Approve Creation of EUR 123,917.74 Pool of Capital without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| BETTER COLLECTIVE A/S | April 22, 2025 | Approve Guidelines for Incentive-Based Compensation for Executive Management and Board | Compensation | Board | AGAINST | 5 | |
| BETTER COLLECTIVE A/S | April 22, 2025 | Approve Issuance of Convertible Loan Instruments without Preemptive Rights; Approve Creation of Pool of Capital to Guarantee Conversion Rights | Capital Structure | Board | AGAINST | 5 | |
| BETTER COLLECTIVE A/S | April 22, 2025 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 5 | |
| BETTER COLLECTIVE A/S | April 22, 2025 | Approve Stock Option Plan for Thomas Plenborg | Compensation | Board | AGAINST | 5 | |
| BHARAT PETROLEUM CORPORATION LTD. | August 30, 2024 | Elect Acharath Parakat Mahalil Mohamedhanish as Director | Director Elections | Board | AGAINST | 5 | |
| BHARAT PETROLEUM CORPORATION LTD. | August 30, 2024 | Reelect Vetsa Ramakrishna Gupta as Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect HONG-YING LI, a REPRESENTATIVE of YISHENG CO., LTD., with SHAREHOLDER NO.00082806, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect HSU-YUAN LI, a REPRESENTATIVE of YIDE CO., LTD., with SHAREHOLDER NO.00081598, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect JING-YI TSAI, a REPRESENTATIVE of ZONG YU INVESTMENT CO., LTD., with SHAREHOLDER NO.00028950, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect MING-YEH CHENG, with SHAREHOLDER NO.00006722, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect XING WANG, a REPRESENTATIVE of KEYAO CO., LTD., with SHAREHOLDER NO.00081599, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| BIOTEQUE CORP. | June 19, 2025 | Elect YI-XUN LI, a REPRESENTATIVE of MING SHENG CO., LTD., with SHAREHOLDER NO.00078961, as Non-Independent Director | Director Elections | Board | AGAINST | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.