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 |
|---|---|---|---|---|---|---|---|
| NEOENERGIA SA | April 17, 2025 | Elect Mario Jose Ruiz-Tagle Larrain as Director and Tomas Enrique Guijarro Rojas as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Pedro Azagra Blazquez as Director and Miguel Gallardo Corrales as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Elect Santiago Matias Martinez Garrido as Director and Justo Garzon Ortega as Alternate | Director Elections | Board | AGAINST | 5 | |
| NEOENERGIA SA | April 17, 2025 | Ratify Appointment of Marcio Antonio Chiumento as Director, Maria Fernanda da Rosa Martins Furtado Fernandes as Independent Director, and Armando Jose Ugarriza Capdevila as Alternate Director | Director Elections | Board | AGAINST | 5 | |
| NEUEHEALTH INC. | May 29, 2025 | To approve on a non-binding advisory basis the compensation of our named executive officers for 2024. | Say-on-Pay | Board | AGAINST | 5 | |
| NEW INDIA ASSURANCE COMPANY LTD. | September 24, 2024 | Elect Parshant Kumar Goyal as Director | Director Elections | Board | AGAINST | 5 | |
| NEW INDIA ASSURANCE COMPANY LTD. | September 24, 2024 | Reelect Titus Francis Maliakkel as Director | Director Elections | Board | AGAINST | 5 | |
| NEWGEN SOFTWARE TECHNOLOGIES LTD. | July 25, 2024 | Approve Grant of Stock Options to the Employees of Group Company including Subsidiary Companies or Its Associate Company, in India or outside India, of the Company under Newgen Software Technologies Limited Employees Stock Option Scheme 2022 | Compensation | Board | AGAINST | 5 | |
| NEWGEN SOFTWARE TECHNOLOGIES LTD. | July 25, 2024 | Approve Increase in the Pool of the Stock Options and other Amendments in Newgen Software Technologies Limited Employees Stock Option Scheme 2022 | Compensation | Board | AGAINST | 5 | |
| NEXANS SA | May 15, 2025 | Elect Bruno Daguet as Representative of Employee Shareholders to the Board | Director Elections | Board | AGAINST | 5 | |
| NHPC LTD. | August 28, 2024 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 5 | |
| NICE LTD. (ISRAEL) | July 3, 2024 | Approve CEO Equity Award | Compensation | Board | AGAINST | 5 | |
| NICE LTD. (ISRAEL) | July 3, 2024 | Approve Updated Compensation Policy for the Directors and Officers of the Company | Compensation | Board | AGAINST | 5 | |
| NIKE INC. | September 10, 2024 | Election of Class B directors: John Rogers, Jr. | Director Elections | Board | WITHHOLD | 5 | |
| NINGBO HUAXIANG ELECTRONIC CO. LTD. | April 28, 2025 | Approve Sale of Equity | Extraordinary Transactions | Board | AGAINST | 5 | |
| NINGBO JIFENG AUTO PARTS CO. LTD. | April 28, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| NINGBO JIFENG AUTO PARTS CO. LTD. | April 28, 2025 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NINGBO JOYSON ELECTRONIC CORP. | December 23, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NINGBO JOYSON ELECTRONIC CORP. | April 22, 2025 | Approve Authorization of Board to Handle All Matters Related to Application for Comprehensive Credit Financing | Capital Structure | Board | AGAINST | 5 | |
| NINGBO PEACEBIRD FASHION CO. LTD. | June 30, 2025 | Approve Management System for Shareholding Held by Directors and Senior Management Members and Its Change | Compensation | Board | AGAINST | 5 | |
| NINGBO RONBAY NEW ENERGY TECHNOLOGY CO. LTD. | April 30, 2025 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NINGBO SHANSHAN CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NINGBO YUNSHENG CO. LTD. | May 30, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| NIPPON COKE & ENGINEERING CO. LTD. | June 27, 2025 | Appoint Alternate Statutory Auditor Hayashi, Takeshi | Compensation | Board | AGAINST | 5 | |
| NIPPON COKE & ENGINEERING CO. LTD. | June 27, 2025 | Appoint Alternate Statutory Auditor Uetake, Toshimitsu | Compensation | Board | AGAINST | 5 | |
| NIPPON COKE & ENGINEERING CO. LTD. | June 27, 2025 | Appoint Statutory Auditor Masuda, Akira | Compensation | Board | AGAINST | 5 | |
| NIPPON YAKIN KOGYO CO. LTD. | June 26, 2025 | Elect Director and Audit Committee Member Hoshiya, Tetsuo | Director Elections | Board | AGAINST | 5 | |
| NIPPON YAKIN KOGYO CO. LTD. | June 26, 2025 | Elect Director and Audit Committee Member Okada, Nobuyoshi | Director Elections | Board | AGAINST | 5 | |
| NIPPON YAKIN KOGYO CO. LTD. | June 26, 2025 | Elect Director and Audit Committee Member Onodera, Toshihiro | Director Elections | Board | AGAINST | 5 | |
| NMDC STEEL LTD. | September 24, 2024 | Reelect Sukriti Likhi as Director | Director Elections | Board | AGAINST | 5 | |
| NOCIL LTD. | August 8, 2024 | Approve NOCIL Ltd - Long-Term Incentive Plan (LTIP) | Compensation | Board | AGAINST | 5 | |
| NORINCO INTERNATIONAL COOPERATION LTD. | March 28, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| NOVA LTD. | June 18, 2025 | Approve Amended Employment Terms of Gabriel Waisman, President and CEO | Compensation | Board | AGAINST | 5 | |
| NS UNITED KAIUN KAISHA LTD. | June 25, 2025 | Appoint Statutory Auditor Miyazawa, Soichi | Compensation | Board | AGAINST | 5 | |
| NS UNITED KAIUN KAISHA LTD. | June 25, 2025 | Appoint Statutory Auditor Mori, Tomomi | Compensation | Board | AGAINST | 5 | |
| NS UNITED KAIUN KAISHA LTD. | June 25, 2025 | Appoint Statutory Auditor Yamamoto, Shohei | Compensation | Board | AGAINST | 5 | |
| NS UNITED KAIUN KAISHA LTD. | June 25, 2025 | Elect Director Yamanaka, Kazuma | Director Elections | Board | AGAINST | 5 | |
| NTPC LTD. | August 29, 2024 | Elect K. Shanmugha Sundaram as Director (Projects) | Director Elections | Board | AGAINST | 5 | |
| NTPC LTD. | August 29, 2024 | Elect Mahabir Prasad as Government Nominee Director | Director Elections | Board | AGAINST | 5 | |
| NTPC LTD. | August 29, 2024 | Elect Piyush Surendrapal Singh as Government Nominee Director | Director Elections | Board | AGAINST | 5 | |
| NTPC LTD. | August 29, 2024 | Elect Ravindra Kumar as Director (Operations) | Director Elections | Board | AGAINST | 5 | |
| NUODE NEW MATERIALS CO. LTD. | July 24, 2024 | Approve Management System for Changes in Shareholdings of Directors, Supervisors and Senior Management Members | Compensation | Board | AGAINST | 5 | |
| NUODE NEW MATERIALS CO. LTD. | May 13, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| NUODE NEW MATERIALS CO. LTD. | May 13, 2025 | Approve Authorization of Management on Short-term Financing Matters | Capital Structure | Board | AGAINST | 5 | |
| NUODE NEW MATERIALS CO. LTD. | May 13, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| NUVOTON TECHNOLOGY CORP. | May 26, 2025 | Elect a Representative of CHIN XIN INVESTMENT CORP. (Chin-Xin Investment Co., Ltd.) with SHAREHOLDER NO.21151 as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| NVIDIA | June 25, 2025 | Ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for fiscal year 2026. | Audit-related | Board | AGAINST | 5 | |
| NYOCOR CO. LTD. | June 4, 2025 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| OBI PHARMA INC. | June 27, 2025 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| OFFCN EDUCATION TECHNOLOGY CO. LTD. | February 14, 2025 | Elect Li Yongxin as Director | Director Elections | Board | AGAINST | 5 | |
| OFFCN EDUCATION TECHNOLOGY CO. LTD. | June 25, 2025 | Approve the Estimated Loan and Guarantee Limits | Capital Structure | Board | AGAINST | 5 | |
| OFILM GROUP CO. LTD. | March 14, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| OIL & NATURAL GAS CORPORATION LTD. | August 30, 2024 | Approve Appointment of Vivek Chandrakant Tongaonkar as Director (Finance) | Compensation | Board | AGAINST | 5 | |
| OIL & NATURAL GAS CORPORATION LTD. | August 30, 2024 | Reelect Pankaj Kumar as Director | Director Elections | Board | AGAINST | 5 | |
| OIL INDIA LTD. | September 14, 2024 | Elect Saloma Yomdo as Director (Exploration & Development) | Director Elections | Board | AGAINST | 5 | |
| OIL INDIA LTD. | September 14, 2024 | Reelect Ashok Das as Director | Director Elections | Board | AGAINST | 5 | |
| OLECTRA GREENTECH LTD. | September 26, 2024 | Reelect Peketi Rajesh Reddy as Director | Director Elections | Board | AGAINST | 5 | |
| OMV PETROM SA | April 24, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| OMV PETROM SA | April 24, 2025 | Elect Alfred Stern as Supervisory Board Member | Director Elections | Board | AGAINST | 5 | |
| OMV PETROM SA | April 24, 2025 | Elect Martijn Arjen van Koten as Supervisory Board Member | Director Elections | Board | AGAINST | 5 | |
| OMV PETROM SA | April 24, 2025 | Elect Teodora Elena Preoteasa as Supervisory Board Member | Director Elections | Board | AGAINST | 5 | |
| ONE SOFTWARE TECHNOLOGIES LTD. | July 4, 2024 | Reappoint Brightman, Almagor, Zohar & Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| ONE SOFTWARE TECHNOLOGIES LTD. | June 23, 2025 | Reappoint Brightman, Almagor, Zohar & Co. (Deloitte) as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| OPC ENERGY LTD. | December 18, 2024 | Reappoint KPMG Somekh Chaikin as Auditors | Audit-related | Board | AGAINST | 5 | |
| OPPEIN HOME GROUP INC. | March 12, 2025 | Approve Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| OPPLE LIGHTING CO. LTD. | May 28, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| OPTHEA LTD. | November 15, 2024 | Elect Lawrence Gozlan as Director | Director Elections | Board | AGAINST | 5 | |
| ORIENT ELECTRIC LTD. | August 1, 2024 | Approve Terms of Remuneration of Ravindra Singh Negi as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| OUTSURANCE GROUP LTD. | November 26, 2024 | Re-elect Mamongae Mahlare as Director | Director Elections | Board | AGAINST | 5 | |
| OYAK CIMENTO FABRIKALARI AS | March 28, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| OYAK CIMENTO FABRIKALARI AS | March 28, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| OYAK CIMENTO FABRIKALARI AS | March 28, 2025 | Ratify Director Appointment | Director Elections | Board | AGAINST | 5 | |
| OYAK CIMENTO FABRIKALARI AS | March 28, 2025 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| OZAK GAYRIMENKUL YATIRIM ORTAKLIGI AS | May 22, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| OZAK GAYRIMENKUL YATIRIM ORTAKLIGI AS | May 22, 2025 | Approve Profit Distribution Policy | Capital Structure | Board | AGAINST | 5 | |
| OZAK GAYRIMENKUL YATIRIM ORTAKLIGI AS | May 22, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| PAGE INDUSTRIES LTD. | August 8, 2024 | Reelect Ramesh Genomal as Director | Director Elections | Board | AGAINST | 5 | |
| PAGE INDUSTRIES LTD. | August 8, 2024 | Reelect Rohan Genomal as Director | Director Elections | Board | AGAINST | 5 | |
| PAISALO DIGITAL LTD. | May 2, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| PARTNER COMMUNICATIONS CO. LTD. | May 5, 2025 | Reappoint Kost, Forer, Gabbay & Kasierer (EY) as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| PCI TECHNOLOGY GROUP CO. LTD. | May 8, 2025 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| PCI TECHNOLOGY GROUP CO. LTD. | June 30, 2025 | Approve to Authorize the Company's Board of Directors to Dispose of Its Equity Holdings in the Participating Companies | Extraordinary Transactions | Board | AGAINST | 5 | |
| PDD HOLDINGS INC. | December 20, 2024 | As an ordinary resolution: THAT Mr. Haifeng Lin be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 5 | |
| PDD HOLDINGS INC. | December 20, 2024 | As an ordinary resolution: THAT Mr. Jiazhen Zhao be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 5 | |
| PDD HOLDINGS INC. | December 20, 2024 | As an ordinary resolution: THAT Mr. Lei Chen be re-elected as a director of the Company. | Director Elections | Board | AGAINST | 5 | |
| PEGASUS HAVA TASIMACILIGI AS | March 28, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| PEKER GAYRIMENKUL YATIRIM ORTAKLIGI AS | September 27, 2024 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| PENTA TEKNOLOJI URUNLERI DAGITIM TICARET AS | June 4, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| PENTA-OCEAN CONSTRUCTION CO. LTD. | June 24, 2025 | Elect Director Shimizu, Takuzo | Director Elections | Board | AGAINST | 5 | |
| PEPKOR HOLDINGS LTD. | February 24, 2025 | Approve Implementation Report on the Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| PETKIM PETROKIMYA HOLDING AS | May 29, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| PETKIM PETROKIMYA HOLDING AS | May 29, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| PETROCHINA COMPANY LTD. | June 5, 2025 | Approve Guarantee Scheme | Capital Structure | Board | AGAINST | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Approve Classification of Rafael Ramalho Dubeux as Independent Director | Director Elections | Board | AGAINST | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Elect Pietro Adamo Sampaio Mendes as Board Chair | Director Elections | Board | AGAINST | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Benjamin Alves Rabelo Filho as Director | Director Elections | Board | ABSTAIN | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Bruno Moretti as Director | Director Elections | Board | ABSTAIN | 5 | |
| PETROLEO BRASILEIRO SA | April 16, 2025 | Percentage of Votes to Be Assigned - Elect Ivanyra Maura de Medeiros Correia as Independent Director | Director Elections | Board | ABSTAIN | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.