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 |
|---|---|---|---|---|---|---|---|
| PUREHEALTH HOLDING PJSC | April 9, 2025 | Elect 2 New Members of Board of Directors | Director Elections | Board | AGAINST | 5 | |
| QILU BANK CO. LTD. | May 23, 2025 | Approve Acquisition of Zhangqiu Qilu Rural Bank and Establishment of a Branch | Extraordinary Transactions | Board | AGAINST | 5 | |
| QILU BANK CO. LTD. | May 23, 2025 | Approve Issuance of Financial Bonds | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO BAHEAL MEDICAL INC. | May 14, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO BAHEAL MEDICAL INC. | May 14, 2025 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO EAST STEEL TOWER STOCK CO. LTD. | May 21, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO GAOCE TECHNOLOGY CO. LTD. | April 7, 2025 | Approve Credit Line Application and Estimated Amount of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO GAOCE TECHNOLOGY CO. LTD. | June 9, 2025 | Approve Board of Directors to Revise Downward the Conversion Price of Convertible Bonds and Request to Authorize the Relevant Procedures | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO PORT INTERNATIONAL CO. LTD. | June 27, 2025 | Approve Grant of General Mandate to Issue Domestic and Foreign Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| QINGDAO SENTURY TIRE CO. LTD. | December 27, 2024 | Elect Qin Long as Director | Director Elections | Board | AGAINST | 5 | |
| QUA GRANITE HAYAL YAPI VE URUNLERI SANAYI TICARET AS | April 16, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| QUA GRANITE HAYAL YAPI VE URUNLERI SANAYI TICARET AS | April 16, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| QUANTA STORAGE INC. | May 29, 2025 | Amend Procedures for Lending Funds to Other Parties and Amend Procedures for Endorsement and Guarantees | Extraordinary Transactions | Board | AGAINST | 5 | |
| QUANTUMCTEK CO. LTD. | April 21, 2025 | Approve Remuneration of Independent Directors | Compensation | Board | AGAINST | 5 | |
| QUANTUMCTEK CO. LTD. | April 21, 2025 | Approve Remuneration of Non-independent Directors Not Serving in the Company | Compensation | Board | AGAINST | 5 | |
| QUANTUMCTEK CO. LTD. | April 21, 2025 | Approve Remuneration of Non-independent Directors Serving in the Company | Compensation | Board | AGAINST | 5 | |
| QUANTUMCTEK CO. LTD. | April 21, 2025 | Approve Remuneration of Supervisors Not Serving in the Company | Compensation | Board | AGAINST | 5 | |
| QUANTUMCTEK CO. LTD. | April 21, 2025 | Approve Remuneration of Supervisors Serving in the Company | Compensation | Board | AGAINST | 5 | |
| QUECTEL WIRELESS SOLUTIONS CO. LTD. | May 19, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| RAIA DROGASIL SA | November 6, 2024 | Amend Restricted Stock Plan Approved at the September 15, 2020 EGM | Compensation | Board | AGAINST | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Antonio Carlos Pipponzi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Carlos Pires Oliveira Dias as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Cristiana Almeida Pipponzi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Eliezer Silva as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Eugenio De Zagottis as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Flavia Maria Bittencourt as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Marcilio D'Amico Pousada as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Marco Ambrogio Crespi Bonomi as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Paulo Sergio Coutinho Galvao Filho as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Philipp Paul Marie Povel as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Plinio Villares Musetti as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Renato Pires Oliveira Dias as Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIA DROGASIL SA | April 22, 2025 | Percentage of Votes to Be Assigned - Elect Sylvia de Souza Leao Wanderley as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| RAIL VIKAS NIGAM LTD. | September 30, 2024 | Elect N.C. Karmali as Part-time Government Nominee Director | Director Elections | Board | AGAINST | 5 | |
| RAIL VIKAS NIGAM LTD. | September 30, 2024 | Reelect Anupam Ban as Director | Director Elections | Board | AGAINST | 5 | |
| RAIL VIKAS NIGAM LTD. | September 30, 2024 | Reelect Dhananjaya Singh as Director | Director Elections | Board | AGAINST | 5 | |
| RAINBOW CHILDREN'S MEDICARE LTD. | April 2, 2025 | Approval for Provision of Money by the Company for Purchase of its Own Shares by the Trust under Rainbow Children's Medicare Limited Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| RAINBOW CHILDREN'S MEDICARE LTD. | April 2, 2025 | Approve Grant of Options to the Employees of the Subsidiary Company(ies) of the Company under Rainbow Children's Medicare Limited Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| RAINBOW CHILDREN'S MEDICARE LTD. | April 2, 2025 | Approve Rainbow Children's Medicare Limited Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| RAINBOW CHILDREN'S MEDICARE LTD. | April 2, 2025 | Approve Secondary Acquisition of Shares through Trust Route for the Implementation of Rainbow Children's Medicare Limited Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD. | December 4, 2024 | Reelect Ofir Atias as Director | Director Elections | Board | AGAINST | 5 | |
| RAMI LEVI CHAIN STORES HASHIKMA MARKETING 2006 LTD. | December 4, 2024 | Reelect Yoram Dar as Director | Director Elections | Board | AGAINST | 5 | |
| RAMKRISHNA FORGINGS LTD. | August 31, 2024 | Approve Reappointment and Remuneration of Chaitanya Jalan as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| RAMKRISHNA FORGINGS LTD. | August 31, 2024 | Reelect Mahabir Prasad Jalan as Director | Director Elections | Board | AGAINST | 5 | |
| RATCH GROUP PUBLIC COMPANY LTD. | April 24, 2025 | Approve KPMG Phoomchai Audit Limited as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| RAYTRON TECHNOLOGY CO. LTD. | May 20, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| RBL BANK LTD. | August 7, 2024 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| RDC SEMICONDUCTOR CO. LTD. | June 17, 2025 | Elect a Representative of MARS SEMICONDUCTOR CORP. with SHAREHOLDER NO.66706 as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| RED AVENUE NEW MATERIALS GROUP CO. LTD. | May 8, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| RED AVENUE NEW MATERIALS GROUP CO. LTD. | May 8, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| RELAXO FOOTWEARS LTD. | August 29, 2024 | Reelect Nikhil Dua as Director | Director Elections | Board | AGAINST | 5 | |
| REMY COINTREAU SA | July 18, 2024 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 5 | |
| REMY COINTREAU SA | July 18, 2024 | Reelect Bruno Pavlovsky as Director | Director Elections | Board | AGAINST | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdullah Al Al Sheikh as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdullah Al Breekan as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdullah Al Fouzan as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdullah Al Huseeni as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdullah Al Tameemi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdulrahman Al Anqari as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Ahmed Al Baqshi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Ahmed Al Haqbani as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Ahmed Al Jurayfani as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Ahmed Hayjan as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Ayman Al Ghamdi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Fahd Al Ajmi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Fahd Al Muaajil as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Fouzan Al Fouzan as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Hasan Al Zahrani as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Hisham Al Nabulsi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Husam Al Deen Sadaqah as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Huseen Al Shaair as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Khalid Al Ghalib Al Shareef as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Lateefah Al Tameemi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Mohammed Al Assaf as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Mohammed Al Saoud as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Mohammed Qassab as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Musaid Al Anzi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Muteab Al Quneesi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Omar Al Jireesi as Director | Director Elections | Board | ABSTAIN | 5 | |
| RETAL URBAN DEVELOPMENT CO. | May 22, 2025 | Elect Sami Al Babteen as Director | Director Elections | Board | ABSTAIN | 5 | |
| REYSAS GAYRIMENKUL YATIRIM ORTAKLIGI AS | April 10, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| REYSAS GAYRIMENKUL YATIRIM ORTAKLIGI AS | April 10, 2025 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| RHI MAGNESITA INDIA REFRACTORIES LTD. | September 27, 2024 | Elect Gustavo Lucio Goncalves Franco as Director | Director Elections | Board | AGAINST | 5 | |
| RIANLON CORP. | May 16, 2025 | Approve Application of Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| RIANLON CORP. | May 16, 2025 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 5 | |
| RINGER HUT CO. LTD. | May 28, 2025 | Elect Director Sasano, Sakae | Director Elections | Board | AGAINST | 5 | |
| RIPLEY CORP. SA | April 29, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| ROKKO BUTTER CO. LTD. | March 27, 2025 | Elect Director Miyake, Hirokazu | Director Elections | Board | AGAINST | 5 | |
| ROKKO BUTTER CO. LTD. | March 27, 2025 | Elect Director and Audit Committee Member Imazu, Ryuzo | Director Elections | Board | AGAINST | 5 | |
| ROKKO BUTTER CO. LTD. | March 27, 2025 | Elect Director and Audit Committee Member Oka, Eiichi | Director Elections | Board | AGAINST | 5 | |
| ROSHOW TECHNOLOGY CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ROUND ONE CORP. | June 28, 2025 | Elect Director Sugino, Masahiko | Director Elections | Board | AGAINST | 5 | |
| ROUTE MOBILE LTD. | August 2, 2024 | Approve Payment of Commission to Non-Executive Directors | Compensation | Board | AGAINST | 5 | |
| ROUTE MOBILE LTD. | August 20, 2024 | Approve Business Transfer Agreement between Route Mobile Limited and 3M Digital Networks Private Limited | Extraordinary Transactions | Board | AGAINST | 5 | |
| ROYAL HOLDINGS CO. LTD. | March 26, 2025 | Elect Director Abe, Masataka | Director Elections | Board | AGAINST | 5 | |
| S FOODS INC. | May 23, 2025 | Appoint Statutory Auditor Urakawa, Tatsuji | Compensation | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.