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 |
|---|---|---|---|---|---|---|---|
| GUJARAT STATE FERTILIZERS & CHEMICALS LTD. | September 24, 2024 | Approve Parikh Mehta & Company, Chartered Accountants, Vadodara as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| GUOCHENG MINING CO. LTD. | July 8, 2024 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| H WORLD GROUP LTD. | June 27, 2025 | Elect Director Jie Zheng | Director Elections | Board | AGAINST | 5 | |
| HACI OMER SABANCI HOLDING AS | March 27, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| HACI OMER SABANCI HOLDING AS | March 27, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| HAFNIA LTD. | May 14, 2025 | Reelect Andreas Sohmen-Pao as Board Chair | Director Elections | Board | AGAINST | 5 | |
| HAFNIA LTD. | May 14, 2025 | Reelect Andreas Sohmen-Pao as Director | Director Elections | Board | AGAINST | 5 | |
| HAINAN AIRLINES HOLDING CO. LTD. | August 26, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HAINAN AIRPORT INFRASTRUCTURE CO. LTD. | May 22, 2025 | Approve External Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| HAINAN DEVELOPMENT HOLDINGS NANHAI CO. LTD. | June 30, 2025 | Approve Provision of Performance Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HAINAN HAIDE CAPITAL MANAGEMENT CO. LTD. | May 19, 2025 | Approve External Guarantee Provision | Capital Structure | Board | AGAINST | 5 | |
| HAINAN JINPAN SMART TECHNOLOGY CO. LTD. | April 25, 2025 | Approve Adjustment of Remuneration and Allowance of Directors | Compensation | Board | AGAINST | 5 | |
| HAINAN MINING CO. LTD. | January 16, 2025 | Approve to Authorize the Provision of Guarantees for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| HANA MICROELECTRONICS PUBLIC CO. LTD. | April 30, 2025 | Elect Insuk Kim as Director | Director Elections | Board | AGAINST | 5 | |
| HANA MICROELECTRONICS PUBLIC CO. LTD. | April 30, 2025 | Elect Sanjay Nirendra Mitra as Director | Director Elections | Board | AGAINST | 5 | |
| HANGCHA GROUP CO. LTD. | May 8, 2025 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| HANGJIN TECHNOLOGY CO. LTD. | May 15, 2025 | Approve Comprehensive Credit Line Plan | Capital Structure | Board | AGAINST | 5 | |
| HANGJIN TECHNOLOGY CO. LTD. | May 15, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HANGXIAO STEEL STRUCTURE CO. LTD. | March 28, 2025 | Approve Financing Guarantees | Capital Structure | Board | AGAINST | 5 | |
| HANGZHOU BINJIANG REAL ESTATE GROUP CO. LTD. | June 9, 2025 | Approve Provision of Guarantees to Controlled Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| HANGZHOU DPTECH TECHNOLOGIES CO. LTD. | May 7, 2025 | Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HANGZHOU DPTECH TECHNOLOGIES CO. LTD. | May 7, 2025 | Approve Draft and Summary of Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HANGZHOU DPTECH TECHNOLOGIES CO. LTD. | May 7, 2025 | Approve Management Method of Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | March 13, 2025 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | April 30, 2025 | Approve Remuneration Plan of Lin Jianhua | Compensation | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | April 30, 2025 | Approve Remuneration Plan of Lin Tianyi | Compensation | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | April 30, 2025 | Approve Remuneration of Independent Directors | Compensation | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | April 30, 2025 | Approve Remuneration of Other Directors | Compensation | Board | AGAINST | 5 | |
| HANGZHOU FIRST APPLIED MATERIAL CO. LTD. | April 30, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| HANGZHOU HONGHUA DIGITAL TECHNOLOGY STOCK CO. LTD. | May 21, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HANGZHOU HONGHUA DIGITAL TECHNOLOGY STOCK CO. LTD. | May 21, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| HANGZHOU IRON & STEEL CO. LTD. | May 14, 2025 | Approve Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| HANWHA AEROSPACE CO. LTD. | March 25, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| HANWHA GALLERIA CORP. | March 25, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| HANWHA OCEAN CO. LTD. | March 20, 2025 | Elect Kim Dong-gwan as Non-Independent Non-Executive Director | Director Elections | Board | AGAINST | 5 | |
| HANWHA OCEAN CO. LTD. | March 20, 2025 | Elect Kim Jong-seo as Inside Director | Director Elections | Board | AGAINST | 5 | |
| HANWHA OCEAN CO. LTD. | March 20, 2025 | Elect Philippe Levy as Inside Director | Director Elections | Board | AGAINST | 5 | |
| HANWHA VISION CO. LTD. | March 25, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| HAOHUA CHEMICAL SCIENCE & TECHNOLOGY CORP. LTD. | September 20, 2024 | Approve Adjustment of Provision of Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| HAOHUA CHEMICAL SCIENCE & TECHNOLOGY CORP. LTD. | May 22, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HARBOUR ENERGY PLC | May 8, 2025 | Approve Long Term Incentive Plan | Compensation | Board | AGAINST | 5 | |
| HARBOUR ENERGY PLC | May 8, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| HARTALEGA HOLDINGS BERHAD | September 6, 2024 | Approve Deloitte PLT as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| HD RENEWABLE ENERGY CO. LTD. | June 3, 2025 | Amend Procedures for Lending Funds to Other Parties | Extraordinary Transactions | Board | AGAINST | 5 | |
| HEALTH AND HAPPINESS (H&H) INTERNATIONAL HOLDINGS LTD. | May 12, 2025 | Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| HEINEKEN HOLDING NV | April 17, 2025 | Reelect A.A.C. de Carvalho as Non-Executive Director | Director Elections | Board | AGAINST | 5 | |
| HELLENIQ ENERGY HOLDINGS SA | June 19, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| HENAN YUGUANG GOLD & LEAD CO. LTD. | March 31, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HENGLI PETROCHEMICAL CO. LTD. | May 8, 2025 | Approve Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| HENGYI PETROCHEMICAL CO. LTD. | November 18, 2024 | Approve Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| HENGYI PETROCHEMICAL CO. LTD. | December 4, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HENGYI PETROCHEMICAL CO. LTD. | January 8, 2025 | Approve Determine the Amount of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| HENGYI PETROCHEMICAL CO. LTD. | January 8, 2025 | Approve Provision of Guarantee and Related Party Transaction | Capital Structure | Board | AGAINST | 5 | |
| HENGYI PETROCHEMICAL CO. LTD. | May 15, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| HENSOLDT AG | May 27, 2025 | Elect Giuseppe Panizzardi to the Supervisory Board | Director Elections | Board | AGAINST | 5 | |
| HEXPOL AB | April 25, 2025 | Reelect Alf Goransson as Board Chair | Director Elections | Board | AGAINST | 5 | |
| HEXPOL AB | April 25, 2025 | Reelect Alf Goransson, Kerstin Lindell, Jan-Anders E. Manson, Malin Persson, Marta Schorling Andreen, Nils-Johan Andersson and Henrik Elmin as Directors | Director Elections | Board | AGAINST | 5 | |
| HICONICS ECO-ENERGY TECHNOLOGY CO. LTD. | December 30, 2024 | Approve Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HILAN LTD. | December 26, 2024 | Reappoint Kost, Forer, Gabbay and Kasierer as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| HILAN LTD. | December 26, 2024 | Reelect Miron Oren as Director | Director Elections | Board | AGAINST | 5 | |
| HIMADRI SPECIALITY CHEMICAL LTD. | June 12, 2025 | Approve Reappointment and Remuneration of Shyam Sundar Choudhary as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| HIMADRI SPECIALITY CHEMICAL LTD. | June 12, 2025 | Approve Transactions Under Sections 185 of the Companies Act, 2013 for Granting Intercorporate Loans to or Provide Guarantee or Security in Favour of Persons in Whom any of the Directors are Interested | Capital Structure | Board | AGAINST | 5 | |
| HIMADRI SPECIALITY CHEMICAL LTD. | June 12, 2025 | Reelect Shyam Sundar Choudhary as Director | Director Elections | Board | AGAINST | 5 | |
| HINDUSTAN COPPER LTD. | September 26, 2024 | Elect Rabindra Prasad Gupta as Part Time Official Director | Director Elections | Board | AGAINST | 5 | |
| HINDUSTAN PETROLEUM CORPORATION LTD. | August 23, 2024 | Elect Vinod Seshan as Director | Director Elections | Board | AGAINST | 5 | |
| HINDUSTAN PETROLEUM CORPORATION LTD. | August 23, 2024 | Reelect Pankaj Kumar as Director | Director Elections | Board | AGAINST | 5 | |
| HINDUSTAN PETROLEUM CORPORATION LTD. | August 23, 2024 | Reelect S. Bharathan as Director | Director Elections | Board | AGAINST | 5 | |
| HITO-COMMUNICATIONS HOLDINGS INC. | November 28, 2024 | Elect Director Yasui, Toyomi | Director Elections | Board | AGAINST | 5 | |
| HIWIN TECHNOLOGIES CORP. | May 28, 2025 | Elect CHENG-LUN LEE, with SHAREHOLDER NO.0000237, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| HIWIN TECHNOLOGIES CORP. | May 28, 2025 | Elect CHIN-TSAI CHEN, with SHAREHOLDER NO.0000011, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| HIWIN TECHNOLOGIES CORP. | May 28, 2025 | Elect HUI-CHIN TSAI, with SHAREHOLDER NO.0000003, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| HIWIN TECHNOLOGIES CORP. | May 28, 2025 | Elect SHOU-YEU CHUO, with SHAREHOLDER NO.0000025, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| HIWIN TECHNOLOGIES CORP. | May 28, 2025 | Elect a Representative of SANXING INVESTMENT CO., LTD., with SHAREHOLDER NO.0001711, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| HLB GLOBAL CO. LTD. | July 31, 2024 | Approve Split-Off Agreement | Extraordinary Transactions | Board | AGAINST | 5 | |
| HLB GLOBAL CO. LTD. | March 27, 2025 | Approve Terms of Retirement Pay | Compensation | Board | AGAINST | 5 | |
| HOKKAIDO ELECTRIC POWER CO. INC. | June 26, 2025 | Elect Director Fujii, Yutaka | Director Elections | Board | AGAINST | 5 | |
| HOKURIKU ELECTRIC POWER CO. | June 26, 2025 | Elect Director Kanai, Yutaka | Director Elections | Board | AGAINST | 5 | |
| HOLTEK SEMICONDUCTOR INC. | May 28, 2025 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect CHANG, SHIH YIENG, a Representative of GUI LONG INVESTMENT CO., LTD., with SHAREHOLDER NO.00055051, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect HUANG CHIH CHENG, a Representative of CHUN YUNG INVESTMENT CO., LTD., with SHAREHOLDER NO.00074953, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect HUANG WEN JUI, a Representative of CHUN YUNG INVESTMENT CO., LTD, with SHAREHOLDER NO.00074953, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect HUANG, NAN KUANG, a Representative of CHUN YUNG INVESTMENT CO., LTD., with SHAREHOLDER NO.00074953, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect KAZUO NAGANUMA, a Representative of TOYOTA MOTOR CORPORATION, with SHAREHOLDER NO.00001692, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect KO, JUNN YUAN, a Representative of YUAN TUO INVESTMENT CO., LTD., with SHAREHOLDER NO.00000136, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect LIN LI HUA, a Representative of CHUN YUNG INVESTMENT CO., LTD.,, with SHAREHOLDER NO.00074953, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect SOO, LEON, a Representative of YONG HUI DEVELOPMENT CO., LTD., with SHAREHOLDER NO.00081181, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect SU, JEAN, a Representative of LI GANG ENTERPRISE CO., LTD., with SHAREHOLDER NO.00000134, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOTAI MOTOR CO. LTD. | June 13, 2025 | Elect SU, YI CHUNG, a Representative of YONG HUI DEVELOPMENT CO., LTD., with SHAREHOLDER NO.00081181, as Non-independent Directors | Director Elections | Board | AGAINST | 5 | |
| HOUSING & URBAN DEVELOPMENT CORPORATION LTD. | September 25, 2024 | Elect Daljeet Singh Khatri as Director | Director Elections | Board | AGAINST | 5 | |
| HOUSING & URBAN DEVELOPMENT CORPORATION LTD. | September 25, 2024 | Elect Kuldip Narayan as Director | Director Elections | Board | AGAINST | 5 | |
| HOUSING & URBAN DEVELOPMENT CORPORATION LTD. | September 25, 2024 | Reelect Sanjeet as Director | Director Elections | Board | AGAINST | 5 | |
| HOYMILES POWER ELECTRONICS INC. | October 28, 2024 | Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HOYMILES POWER ELECTRONICS INC. | October 28, 2024 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HOYMILES POWER ELECTRONICS INC. | October 28, 2024 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| HOYMILES POWER ELECTRONICS INC. | May 20, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| HOYMILES POWER ELECTRONICS INC. | May 20, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| HUADIAN POWER INTERNATIONAL CORPORATION LTD. | June 17, 2025 | Approve Provision of Entrusted Loans to CNNP CHD Hebei Nuclear Power Company Limited | Capital Structure | Board | AGAINST | 5 | |
| HUAFON MICROFIBRE (SHANGHAI) CO. LTD. | June 13, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| HUAMING POWER EQUIPMENT CO. LTD. | May 15, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| HUAPONT LIFE SCIENCES CO. LTD. | December 26, 2024 | Approve Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.