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 |
|---|---|---|---|---|---|---|---|
| MEIRAGTX HOLDINGS PLC | June 12, 2025 | Election of Director: Thomas E. Shenk, Ph.D. | Director Elections | Board | WITHHOLD | 5 | |
| MEIRAGTX HOLDINGS PLC | June 12, 2025 | To ratify, by ordinary resolution, the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. | Audit-related | Board | AGAINST | 5 | |
| MELISRON LTD. | April 22, 2025 | Reappoint Brightman Almagor Zohar & Co. (Deloitte) as Auditors | Audit-related | Board | AGAINST | 5 | |
| MERCURIES LIFE INSURANCE CO. LTD. | May 29, 2025 | Approve Cash Offering Through Common Shares and/or Issuance of Preferred Shares and/or Issuance of Convertible Bonds by Private Placement | Capital Structure | Board | AGAINST | 5 | |
| METALLURGICAL CORPORATION OF CHINA LTD. | June 30, 2025 | Approve Plan of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| METLEN ENERGY & METALS SA | June 3, 2025 | Amend Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| METROPOLIS HEALTHCARE LTD. | August 21, 2024 | Approve Extension of Metropolis-Restrictive Stock Unit Plan, 2020 to the Eligible Employees of the Subsidiary(ies) and/or Associate Company(ies) | Compensation | Board | AGAINST | 5 | |
| METROPOLIS HEALTHCARE LTD. | August 21, 2024 | Approve Remuneration Payable to Sushil Shah as Non-Executive Non-Independent Director | Compensation | Board | AGAINST | 5 | |
| METROPOLIS HEALTHCARE LTD. | August 21, 2024 | Approve Revision in the Pool Size of Restrictive Stock Units (RSUs) and other Terms of Metropolis-Restrictive Stock Unit Plan - 2020 | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 20, 2025 | Approve Remuneration Report (Advisory Vote) | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 20, 2025 | Approve Remuneration of Directors in the Amount of EUR 99,000 for Chair, EUR 85,000 for Vice Chair and EUR 67,000 for Other Directors; Approve Meeting Fees; Approve Remuneration for Committee Work | Compensation | Board | AGAINST | 5 | |
| METSA BOARD CORP. | March 20, 2025 | Reelect Leena Craelius, Raija-Leena Hankonen-Nybom, Erja Hyrsky, Ilkka Hamala, Mari Kiviniemi, Jussi Linnaranta, Jukka Moisio, Mikko Makimattila and Juha Vanhainen as Directors; Elect Jussi Vanhanen as New Director | Director Elections | Board | ABSTAIN | 5 | |
| MICRO-TECH (NANJING) CO. LTD. | May 20, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MICRO-TECH (NANJING) CO. LTD. | May 20, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| MIGROS TICARET AS | April 15, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Amend Principles of Bondholders Meeting | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Approve Remuneration of Jiang Zhen | Compensation | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Approve Remuneration of Shi Xu | Compensation | Board | AGAINST | 5 | |
| MILKYWAY INTELLIGENT SUPPLY CHAIN SERVICE GROUP CO. LTD. | May 6, 2025 | Approve Remuneration of Zhou Ying | Compensation | Board | AGAINST | 5 | |
| MING YANG SMART ENERGY GROUP CO. LTD. | May 21, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| MING YANG SMART ENERGY GROUP CO. LTD. | May 21, 2025 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MINMETALS CAPITAL CO. LTD. | May 16, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| MITANI SEKISAN CO. LTD. | June 18, 2025 | Appoint Statutory Auditor Yamamoto, Katsunori | Compensation | Board | AGAINST | 5 | |
| MITANI SEKISAN CO. LTD. | June 18, 2025 | Approve Statutory Auditor Retirement Bonus | Compensation | Board | AGAINST | 5 | |
| MITANI SEKISAN CO. LTD. | June 18, 2025 | Elect Director Mitani, Shinji | Director Elections | Board | AGAINST | 5 | |
| MITSUBISHI SHOKUHIN CO. LTD. | June 23, 2025 | Appoint Statutory Auditor Matsubara, Takahiko | Compensation | Board | AGAINST | 5 | |
| MITSUBISHI SHOKUHIN CO. LTD. | June 23, 2025 | Appoint Statutory Auditor Ohara, Takeshi | Compensation | Board | AGAINST | 5 | |
| MLS CO. LTD. | January 20, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MOBILEYE GLOBAL INC. | June 12, 2025 | Advisory vote on executive compensation. | Say-on-Pay | Board (inferred) | AGAINST | 5 | |
| MONALISA GROUP CO. LTD. | October 31, 2024 | Approve Terms for Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| MONTAGE TECHNOLOGY CO. LTD. | September 19, 2024 | Approve Authorization of the Board to Handle All Matters Related to the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| MONTAGE TECHNOLOGY CO. LTD. | September 19, 2024 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| MONTAGE TECHNOLOGY CO. LTD. | September 19, 2024 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| MONTAGE TECHNOLOGY CO. LTD. | May 6, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Approve Remuneration of Directors in the Amount of CHF 2 Million | Compensation | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Approve Remuneration of Executive Committee in the Amount of EUR 13 Million | Compensation | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Reappoint Christian Hosp as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Reappoint Michael Tojner as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Reelect Christian Hosp as Director | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Reelect Markus Vischer as Director | Director Elections | Board | AGAINST | 5 | |
| MONTANA AEROSPACE AG | May 20, 2025 | Reelect Michael Tojner as Director and Board Chair | Director Elections | Board | AGAINST | 5 | |
| MOTA-ENGIL SGPS SA | May 15, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 18, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 18, 2025 | Amend Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 18, 2025 | Approve Profit Distribution to Board Members and Management | Compensation | Board | AGAINST | 5 | |
| MOTOR OIL (HELLAS) CORINTH REFINERIES SA | June 18, 2025 | Elect Directors (Bundled) | Director Elections | Board | AGAINST | 5 | |
| MOTUS HOLDINGS LTD. (SOUTH AFRICA) | November 5, 2024 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 5 | |
| MPHASIS LTD. | July 25, 2024 | Approve Extension of Benefits to Eligible Employees of Subsidiary Companies Under Mphasis Employee Stock Option Plan 2016 | Compensation | Board | AGAINST | 5 | |
| MPHASIS LTD. | July 25, 2024 | Approve Provisions of Money to the ESOP Trust by the Company for Purchase its Own Shares for ESOP | Compensation | Board | AGAINST | 5 | |
| MPHASIS LTD. | July 25, 2024 | Reelect Pankaj Sood as Director | Director Elections | Board | AGAINST | 5 | |
| MULTIPLY GROUP PJSC | November 18, 2024 | Elect Members of the Board of Director | Director Elections | Board | AGAINST | 5 | |
| MUYUAN FOODS CO. LTD. | December 12, 2024 | Approve Provision of Guarantee for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| MUYUAN FOODS CO. LTD. | December 12, 2024 | Approve the Estimated Guarantee Amount for the Company and Its Controlled Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| NAGAILEBEN CO. LTD. | November 22, 2024 | Elect Director Sawanobori, Ichiro | Director Elections | Board | AGAINST | 5 | |
| NANJING PHARMACEUTICAL CO. LTD. | June 5, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| NANJING PHARMACEUTICAL CO. LTD. | June 5, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Chien-Chu Hsu, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Chih-Yuan Hou, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Chuang Yun-Chen, a Representative of Rui Xing International Investment Co., Ltd., with SHAREHOLDER NO.00179349, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Chung-Ho Wu, a Representative of Yong Yuan Investment Co., Ltd., with SHAREHOLDER NO.00033426, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Hou,Yu-Jung, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Li-Ling Cheng, with SHAREHOLDER NO.00000188 as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Liang-Hung Wu, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Lin,Hung-Chun, a Representative of Prince Housing and Development Corp, with SHAREHOLDER NO.00000178, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Meng-Sheng Liao, a Representative of Hon Han Enterprise Corporation, with SHAREHOLDER NO.00061264, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Pi-Ying Cheng, with SHAREHOLDER NO.00000164 as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Po-Ming Hou, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Po-Tsang Tu, a Representative of Jiu Fu Investment Co., Ltd., with SHAREHOLDER NO.00000186, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Po-Yu Hou, a Representative of Tainan Spinning Co., Ltd., with SHAREHOLDER NO.00000038, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Wen-Teng Hou, a Representative of Zheng Pin Investment Co., Ltd., with SHAREHOLDER NO.00164548, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NANTEX INDUSTRY CO. LTD. | May 26, 2025 | Elect Wu,Te-Yu, a Representative of Shin Ho Sing Investment Co., Ltd., with SHAREHOLDER NO.00000174, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NASPERS LTD. | August 22, 2024 | Approve Implementation Report of the Remuneration Report | Compensation | Board | AGAINST | 5 | |
| NASPERS LTD. | August 22, 2024 | Authorise Repurchase of A Ordinary Shares | Capital Structure | Board | AGAINST | 5 | |
| NASPERS LTD. | August 22, 2024 | Place Authorised but Unissued Shares under Control of Directors | Capital Structure | Board | AGAINST | 5 | |
| NASPERS LTD. | August 22, 2024 | Re-elect Steve Pacak as Chairman of the Audit Committee | Director Elections | Board | AGAINST | 5 | |
| NATIONAL BANK OF GREECE SA | July 25, 2024 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| NATIONAL MARINE DREDGING CO. | March 18, 2025 | Approve Remuneration of Directors for FY 2024 | Compensation | Board | AGAINST | 5 | |
| NATIONAL REAL ESTATE CO. | October 31, 2024 | Approve Listing the Shares of the Company or Its Subsidiaries in Stock Exchanges Outside Kuwait and Authorize the Board or Its Delegate to Execute all the Necessary Actions Related to this Matter | Capital Structure | Board | AGAINST | 5 | |
| NATIONAL REAL ESTATE CO. | May 25, 2025 | Authorize Issuance of Bonds/Sukuk and Authorize Board to Set all the Terms of Issuance | Capital Structure | Board | AGAINST | 5 | |
| NATIONAL REAL ESTATE CO. | May 25, 2025 | Elect Sultan Center for Food Products Co. K.S.C.P as a Non- Executive Director | Director Elections | Board | ABSTAIN | 5 | |
| NATIONAL SILICON INDUSTRY GROUP CO. LTD. | February 28, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NATIONAL SILICON INDUSTRY GROUP CO. LTD. | June 30, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| NATIONGATE HOLDINGS BHD | May 29, 2025 | Approve Grant of Awards and/or Options to Lee See Lun Under the Long Term Incentive Plan | Compensation | Board | AGAINST | 5 | |
| NATIONGATE HOLDINGS BHD | May 29, 2025 | Approve Grant of Awards and/or Options to Ooi Xin Ying Under the Long Term Incentive Plan | Compensation | Board | AGAINST | 5 | |
| NBCC (INDIA) LTD. | September 25, 2024 | Elect Suman Kumar as Director (Commercial) | Director Elections | Board | AGAINST | 5 | |
| NBCC (INDIA) LTD. | September 25, 2024 | Increase Authorized Share Capital and Amend Capital Clause of the Memorandum of Association | Capital Structure | Board | AGAINST | 5 | |
| NBCC (INDIA) LTD. | September 25, 2024 | Reelect Ravi Kumar Arora as Director | Director Elections | Board | AGAINST | 5 | |
| NBCC (INDIA) LTD. | September 25, 2024 | Reelect Saleem Ahmad as Director | Director Elections | Board | AGAINST | 5 | |
| NEMAK SAB DE CV | March 27, 2025 | Approve Allocation of Income; Approve Maximum Amount for Repurchase of Shares | Capital Structure | Board | AGAINST | 5 | |
| NEMAK SAB DE CV | March 27, 2025 | Elect Directors and Chair of Audit and Corporate Practices Committee; Fix Their Remuneration | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Daniel Alcain Lopez as Director and Monica Grau Domene as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Eduardo Capelastegui Saiz as Director and Armando Jose Ugarriza Capdevila as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Jose Ignacio Sanchez Galan as Director and Jesus Martinez Perez as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Jose Mauricio Pereira Coelho as Director and Ilton Luis Schwaab as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Jose Sainz Armada as Director and Alejandro Roman Arroyo as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Marcio Antonio Chiumento as Director and Rafael Soares Ribeiro de Castro as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Marcio de Souza as Director and Wagner de Siqueira Pinto as Alternate | Director Elections | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.