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 |
|---|---|---|---|---|---|---|---|
| LINAMAR CORP. | May 15, 2025 | Elect Director Terry Reidel | Director Elections | Board | WITHHOLD | 5 | |
| LINGYI ITECH (GUANGDONG) CO. | December 23, 2024 | Approve Guarantee Matters | Capital Structure | Board | AGAINST | 5 | |
| LIZHONG SITONG LIGHT ALLOYS GROUP CO. LTD. | July 4, 2024 | Approve Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Andre Sapoznik as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Artur Noemio Grynbaum as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Eugenio Pacelli Mattar as Board Chair | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Luis Fernando Memoria Porto as Board Vice-Chair | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Maria Leticia de Freitas Costa as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Paula Magalhaes Cardoso Neves as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOCALIZA RENT A CAR SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Paulo Antunes Veras as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Approve Remuneration of Company's Management and Fiscal Council | Compensation | Board | AGAINST | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Approve Stock Option, Shares, and Share-Based Incentives Plan | Compensation | Board | AGAINST | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | As an Ordinary Shareholder, Would You Like to Request a Separate Election of a Member of the Fiscal Council, Under the Terms of Article 161 of the Brazilian Corporate Law? | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Carlos Wagner Firetti as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Junia Maria de Sousa Lima Galvao as Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Leonardo Guimaraes Correa as Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Marcelo Martins Patrus as Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Matheus Gasparotto Candido as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Matias Rotella as Director | Director Elections | Board | ABSTAIN | 5 | |
| LOG COMMERCIAL PROPERTIES E PARTICIPACOES SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Rubens Menin Teixeira de Souza as Director | Director Elections | Board | ABSTAIN | 5 | |
| LOGO YAZILIM SANAYI VE TICARET AS | December 18, 2024 | Amend Article 6 Re: Capital Related | Capital Structure | Board | AGAINST | 5 | |
| LOGO YAZILIM SANAYI VE TICARET AS | April 14, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| LONGHUA TECHNOLOGY GROUP (LUOYANG) CO. LTD. | September 12, 2024 | Approve Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| LONGHUA TECHNOLOGY GROUP (LUOYANG) CO. LTD. | May 14, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| LONGI GREEN ENERGY TECHNOLOGY CO. LTD. | December 30, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| LONGI GREEN ENERGY TECHNOLOGY CO. LTD. | March 7, 2025 | Approve Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| LONKING HOLDINGS LTD. | May 28, 2025 | Elect Ngai Ngan Ying as Director | Director Elections | Board | AGAINST | 5 | |
| LONKING HOLDINGS LTD. | May 28, 2025 | Elect Qian Shizheng as Director | Director Elections | Board | AGAINST | 5 | |
| LONKING HOLDINGS LTD. | May 28, 2025 | Elect Yu Taiwei as Director | Director Elections | Board | AGAINST | 5 | |
| LOTTE CHEMICAL CORP. | March 25, 2025 | Elect Shin Dong-bin as Inside Director | Director Elections | Board | AGAINST | 5 | |
| LOTTE HIMART CO. LTD. | March 20, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| LS CORP. | March 27, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| LUCKY CEMENT LTD. | September 26, 2024 | Approve A. F. Ferguson and Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| LUCKY CEMENT LTD. | September 26, 2024 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| LUONIUSHAN CO. LTD. | May 23, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| LUPIN LTD. | March 20, 2025 | Approve Reappointment and Remuneration of Vinita Gupta as Whole-Time Director designated as the Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| LVMH MOET HENNESSY LOUIS VUITTON SE | April 17, 2025 | Reelect Sophie Chassat as Director | Director Elections | Board | AGAINST | 5 | |
| LYFT INC. | June 5, 2025 | Nominees Opposed by the Board of Directors: Alan L. Bazaar | Director Elections | Board | WITHHOLD | 5 | |
| LYFT INC. | June 5, 2025 | Nominees Opposed by the Board of Directors: Daniel B. Silvers | Director Elections | Board | WITHHOLD | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Approve Long-Term Incentive Plan | Compensation | Board | AGAINST | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Francisco Claudio Saraiva Leao Dias Branco as Director and Francisco Ivens de Sa Dias Branco Junior as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Guilherme Affonso Ferreira as Independent Director and Fabio Cefaly de Campos Machado as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Luiza Andrea Farias Nogueira as Director and Gustavo Lopes Theodozio as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Maria Consuelo Saraiva Leao Dias Branco as Director and Maria Regina Saraiva Leao Dias Branco as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Maria das Gracas Saraiva Leao Dias Branco as Director and Francisco Marcos Saraiva Leao Dias Branco as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Pedro Pullen Parente as Independent Director and Daniel Mota Gutierrez as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Ricardo Luiz de Souza Ramos as Independent Director and Luciane Nunes de Carvalho Sallas as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| M. DIAS BRANCO SA INDUSTRIA E COMERCIO DE ALIMENTOS | March 28, 2025 | Percentage of Votes to Be Assigned - Elect Romulo Ruberti Calmon Dantas as Director and Sidney Leite dos Santos as Alternate | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Fawaz Al Maneea as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Hamoud Al Shayiea as Non-Executive Director | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Ibtihal Al Shihab as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Mohammed Al Muteeri as Non-Executive Director | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Nasir Boursli as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| MABANEE CO. SAK | March 16, 2025 | Elect Sara Al Shayiea as Non-Executive Director | Director Elections | Board | ABSTAIN | 5 | |
| MABWELL (SHANGHAI) BIOSCIENCE CO. LTD. | April 21, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MABWELL (SHANGHAI) BIOSCIENCE CO. LTD. | April 21, 2025 | Approve Remuneration of Directors, Supervisors | Compensation | Board | AGAINST | 5 | |
| MACRONIX INTERNATIONAL CO. LTD. | May 23, 2025 | Elect a Representative of Hui Ying Investment Ltd., with Shareholder No. 280338, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| MAIRE SPA | April 14, 2025 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 5 | |
| MANAPPURAM FINANCE LTD. | August 14, 2024 | Approve Revision in Remuneration Payable to V P Nandakumar as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| MANAPPURAM FINANCE LTD. | August 14, 2024 | Reelect Sumitha Nandan as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect James L. Go as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect Jose Ma. K. Lim as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect June Cheryl A. Cabal-Revilla as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect Lance Y. Gokongwei as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect Patrick Henry C. Go as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect Ray C. Espinosa as Director | Director Elections | Board | AGAINST | 5 | |
| MANILA ELECTRIC CO. | May 27, 2025 | Elect Victorico P. Vargas as Director | Director Elections | Board | AGAINST | 5 | |
| MAOYAN ENTERTAINMENT | June 25, 2025 | Elect Chen Shaohui as Director | Director Elections | Board | AGAINST | 5 | |
| MARGUN ENERJI URETIM SANAYI VE TICARET AS | May 21, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| MARGUN ENERJI URETIM SANAYI VE TICARET AS | May 21, 2025 | Authorize Board for Debt Issuance | Capital Structure | Board | AGAINST | 5 | |
| MARGUN ENERJI URETIM SANAYI VE TICARET AS | May 21, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| MARGUN ENERJI URETIM SANAYI VE TICARET AS | May 21, 2025 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| MARICO LTD. | August 9, 2024 | Amend Marico Employee Stock Option Plan, 2016 | Compensation | Board | AGAINST | 5 | |
| MARICO LTD. | June 15, 2025 | Amend Marico Employee Stock Option Plan, 2016 | Compensation | Board | AGAINST | 5 | |
| MARICO LTD. | June 15, 2025 | Approve Provision of Money by the Company for Purchase of Its Own Shares by the WEOMA Trust for the Benefit of Eligible Employees under the Plan | Compensation | Board | AGAINST | 5 | |
| MARKETWISE INC. | June 12, 2025 | Election of Directors: Van Simmons | Director Elections | Board | WITHHOLD | 5 | |
| MARKETWISE INC. | June 12, 2025 | To adopt and approve an Amendment to the 2021 Incentive Award Plan to increase the overall share limit reserved for awards made under the plan. | Compensation | Board | AGAINST | 5 | |
| MARS GROUP HOLDINGS CORP. | June 26, 2025 | Approve Statutory Auditor Retirement Bonus | Compensation | Board | AGAINST | 5 | |
| MARUDAI FOOD CO. LTD. | June 26, 2025 | Appoint Statutory Auditor Nakane, Masato | Compensation | Board | AGAINST | 5 | |
| MARUDAI FOOD CO. LTD. | June 26, 2025 | Elect Director Sato, Yuji | Director Elections | Board | AGAINST | 5 | |
| MAS PLC | December 6, 2024 | Approve Compensation Implementation Report for Executive Directors | Compensation | Board | AGAINST | 5 | |
| MAS PLC | December 6, 2024 | Approve Compensation Policy | Compensation | Board | AGAINST | 5 | |
| MASTEK LTD. | September 20, 2024 | Approve Loans/ Investments/ Corporate Guarantees by the Company in Excess of the Limits Prescribed under the Companies Act, 2013 | Capital Structure | Board | AGAINST | 5 | |
| MASTEK LTD. | March 15, 2025 | Approve Appointment of Umang Nahata as Whole-Time Director in the Designation of Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| MASTEK LTD. | March 15, 2025 | Approve Payment of Remuneration to Umang Nahata as Whole-Time Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| MATSUYA FOODS HOLDINGS CO. LTD. | June 26, 2025 | Elect Director Kawarabuki, Kazutoshi | Director Elections | Board | AGAINST | 5 | |
| MAX ESTATES LTD. | March 16, 2025 | Approve Payment of Compensation to Analjit Singh as Non-Executive Director | Compensation | Board | AGAINST | 5 | |
| MAXVALU TOKAI CO. LTD. | May 22, 2025 | Appoint Statutory Auditor Shinozaki, Takashi | Compensation | Board | AGAINST | 5 | |
| MAXVALU TOKAI CO. LTD. | May 22, 2025 | Appoint Statutory Auditor Takashima, Kyosuke | Compensation | Board | AGAINST | 5 | |
| MED LIFE SA | October 10, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| MED LIFE SA | November 21, 2024 | Elect Ana Maria Mihaescu as Director | Director Elections | Board | AGAINST | 5 | |
| MED LIFE SA | November 21, 2024 | Elect Dimitrie Pelinescu Onciul as Director | Director Elections | Board | AGAINST | 5 | |
| MED LIFE SA | November 21, 2024 | Elect Voicu Cheta as Director | Director Elections | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | September 19, 2024 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| MEINIAN ONEHEALTH HEALTHCARE HOLDINGS CO. LTD. | December 30, 2024 | Approve Adjustment of Performance Evaluation Indicators of Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.