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 |
|---|---|---|---|---|---|---|---|
| SHANGHAI AIKO SOLAR ENERGY CO. LTD. | May 20, 2025 | Approve Authorization of Relevant Personnel to Handle Capital-Related Business | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI AIKO SOLAR ENERGY CO. LTD. | May 20, 2025 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI AIKO SOLAR ENERGY CO. LTD. | May 20, 2025 | Approve Formulation of Remuneration Plan of Directors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI AIKO SOLAR ENERGY CO. LTD. | May 20, 2025 | Approve Formulation of Remuneration Plan of Supervisors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI ALLIST PHARMACEUTICALS CO. LTD. | May 14, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI BAILIAN GROUP CO. LTD. | June 26, 2025 | Approve Remuneration Plan for Non-Independent Directors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI CHENGTOU HOLDING CO. LTD. | June 20, 2025 | Approve Provision of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI ELECTRIC POWER CO. LTD. | April 23, 2025 | Approve Application for Unified Registration and Issuance of Multiple Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI HANBELL PRECISE MACHINERY CO. LTD. | May 23, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI HUACE NAVIGATION TECHNOLOGY LTD. | May 12, 2025 | Approve Provision of Credit Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI HUAFON ALUMINIUM CORP. | March 13, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI JUNSHI BIOSCIENCES CO. LTD. | June 20, 2025 | Approve Estimated External Guarantee Quota | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI JUNSHI BIOSCIENCES CO. LTD. | June 20, 2025 | Approve Grant of General Mandate to Issue Domestic and/or Overseas Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI KELAI MECHATRONICS ENGINEERING CO. LTD. | June 10, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI LIANGXIN ELECTRICAL CO. LTD. | April 28, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI LINGANG HOLDINGS CORP. LTD. | June 30, 2025 | Approve Financing Application | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI M&G STATIONERY INC. | April 16, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI MEDICILON INC. | May 13, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI MEDICILON INC. | May 13, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI PRET COMPOSITES CO. LTD. | May 12, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI PRET COMPOSITES CO. LTD. | May 12, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO. LTD. | January 6, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY CO. LTD. | May 16, 2025 | Amend Management System for Company's Shareholdings by Directors, Senior Management and Their Changes | Compensation | Board | AGAINST | 5 | |
| SHANGHAI SINYANG SEMICONDUCTOR MATERIALS CO. LTD. | October 28, 2024 | Elect Wang Fuxiang as Director | Director Elections | Board | AGAINST | 5 | |
| SHANGHAI SINYANG SEMICONDUCTOR MATERIALS CO. LTD. | October 28, 2024 | Elect Zhou Hongxiao as Director | Director Elections | Board | AGAINST | 5 | |
| SHANGHAI TONGJI SCIENCE & TECHNOLOGY INDUSTRIAL CO. LTD. | June 25, 2025 | Approve Guarantee Application | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI TUNNEL ENGINEERING CO. LTD. | June 27, 2025 | Elect Zhang Guixu as Director | Director Elections | Board | AGAINST | 5 | |
| SHANGHAI YUYUAN TOURIST MART GROUP CO. LTD. | April 28, 2025 | Approve Authorization for Total Investment in Real Estate Business With Multiple Functions | Extraordinary Transactions | Board | AGAINST | 5 | |
| SHANGHAI YUYUAN TOURIST MART GROUP CO. LTD. | April 28, 2025 | Approve Loan and Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI YUYUAN TOURIST MART GROUP CO. LTD. | April 28, 2025 | Approve Remuneration of Directors, Supervisors | Compensation | Board | AGAINST | 5 | |
| SHANGHAI ZHENHUA HEAVY INDUSTRIES CO. LTD. | May 28, 2025 | Approve Application of Comprehensive Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI ZHENHUA HEAVY INDUSTRIES CO. LTD. | May 28, 2025 | Approve External Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| SHANGHAI ZIJIANG ENTERPRISE GROUP CO. LTD. | May 22, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANNON SEMICONDUCTOR TECHNOLOGY CO. LTD. | April 29, 2025 | Approve Application for Credit Grant and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHANNON SEMICONDUCTOR TECHNOLOGY CO. LTD. | April 29, 2025 | Approve Authorization of the Company Management to Dispose of External Investment | Extraordinary Transactions | Board | AGAINST | 5 | |
| SHANTUI CONSTRUCTION MACHINERY CO. LTD. | May 16, 2025 | Approve Comprehensive Credit Line Application | Capital Structure | Board | AGAINST | 5 | |
| SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO. LTD. | October 29, 2024 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 5 | |
| SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO. LTD. | May 29, 2025 | Approve Provision of Financial Assistance | Capital Structure | Board | AGAINST | 5 | |
| SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO. LTD. | May 29, 2025 | Approve Provision of Financial Assistance for Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | July 8, 2024 | Approve Terms for Downward Adjustment of Conversion Price of "Shanying Convertible Bond" | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | July 8, 2024 | Approve Terms for Downward Adjustment of Conversion Price of "Ying 19 Convertible Bond" | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | August 15, 2024 | Approve Downward Adjustment on Conversion Price of Shanying Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | August 15, 2024 | Approve Downward Adjustment on Conversion Price of Ying 19 Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | September 26, 2024 | Approve Downward Adjustment on Conversion Price of Eagle 19 Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | September 26, 2024 | Approve Downward Adjustment on Conversion Price of Mountain Eagle Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | March 6, 2025 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | May 21, 2025 | Approve Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | June 27, 2025 | Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| SHANYING INTERNATIONAL HOLDINGS CO. LTD. | June 27, 2025 | Approve Employee Share Purchase Plan (Draft) | Compensation | Board | AGAINST | 5 | |
| SHARETRONIC DATA TECHNOLOGY CO. LTD. | April 21, 2025 | Approve Application for Comprehensive Credit and Related Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHARETRONIC DATA TECHNOLOGY CO. LTD. | June 12, 2025 | Approve New Credit Line Application and Related Guarantees and Acceptance of Guarantees from Related Parties | Capital Structure | Board | AGAINST | 5 | |
| SHARJAH ISLAMIC BANK | October 16, 2024 | Authorize the Bank to Purchase 167,666,662 of Its Treasury Shares which the Purchase Made from the Sale of Shares Owned by Kuwait Finance House | Capital Structure | Board | AGAINST | 5 | |
| SHEELA FOAM LTD. | July 17, 2024 | Approve Payment of Commission to Non-Executive Directors | Compensation | Board | AGAINST | 5 | |
| SHENGDA RESOURCES CO. LTD. | May 20, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENGHE RESOURCES HOLDING CO. LTD. | May 13, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| SHENMA INDUSTRY CO. LTD. | March 27, 2025 | Approve Provision of Guarantee to Subsidiary of Henan Shenma Nylon Chemical Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| SHENYANG MACHINE TOOL CO. LTD. | August 7, 2024 | Approve Shareholder Return Plan | Capital Structure | Board | AGAINST | 5 | |
| SHENYANG MACHINE TOOL CO. LTD. | May 28, 2025 | Approve Authorization of Management to Handle Matters Related to Credit Line Application | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN AISIDI CO. LTD. | December 18, 2024 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN AISIDI CO. LTD. | December 18, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN CECPORT TECHNOLOGIES CO. LTD. | May 20, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN CENTER POWER TECH. CO. LTD. | February 11, 2025 | Approve Application of Credit Line | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN CHANGHONG TECHNOLOGY CO. LTD. | May 19, 2025 | Approve Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN CLOU ELECTRONICS CO. LTD. | December 30, 2024 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN DESAY BATTERY TECHNOLOGY CO. LTD. | May 19, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN DYNANONIC CO. LTD. | May 19, 2025 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN DYNANONIC CO. LTD. | June 27, 2025 | Amend Remuneration Management System for Directors, Supervisors | Compensation | Board | AGAINST | 5 | |
| SHENZHEN EVERWIN PRECISION TECHNOLOGY CO. LTD. | May 9, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN EVERWIN PRECISION TECHNOLOGY CO. LTD. | May 9, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN FASTPRINT CIRCUIT TECH CO. LTD. | March 31, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN FASTPRINT CIRCUIT TECH CO. LTD. | May 16, 2025 | Approve Allowance of Supervisors | Compensation | Board | AGAINST | 5 | |
| SHENZHEN FRD SCIENCE & TECHNOLOGY CO. LTD. | May 8, 2025 | Approve the Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of He Yimeng | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Hu Zumin | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Independent Directors | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Long Xiaojing | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Tang Fonan | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Tang Xiaolin | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Wang Dawei | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Wang Lan | Compensation | Board | AGAINST | 5 | |
| SHENZHEN GONGJIN ELECTRONICS CO. LTD. | May 20, 2025 | Approve Remuneration of Wei Honghai | Compensation | Board | AGAINST | 5 | |
| SHENZHEN H&T INTELLIGENT CONTROL CO. LTD. | September 9, 2024 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN KANGTAI BIOLOGICAL PRODUCTS CO. LTD. | March 26, 2025 | Approve Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN KINWONG ELECTRONIC CO. LTD. | May 20, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN KINWONG ELECTRONIC CO. LTD. | May 20, 2025 | Approve Credit Line and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN MEGMEET ELECTRICAL CO. LTD. | May 20, 2025 | Approve Issuance of Small Amount Bank Acceptance Bill Pledged by Large Amount Bank Acceptance Bill | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN MEGMEET ELECTRICAL CO. LTD. | May 20, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN SED INDUSTRY CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN SENIOR TECHNOLOGY MATERIAL CO. LTD. | May 21, 2025 | Approve Application of Comprehensive Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN SENIOR TECHNOLOGY MATERIAL CO. LTD. | May 21, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN SENIOR TECHNOLOGY MATERIAL CO. LTD. | June 19, 2025 | Elect Liang Shuxin as Independent Director | Director Elections | Board | AGAINST | 5 | |
| SHENZHEN TAGEN GROUP CO. LTD. | June 20, 2025 | Approve Comprehensive Credit Line and Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN TOPBAND CO. LTD. | April 21, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN TRANSSION HOLDING CO. LTD. | December 19, 2024 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN WOER HEAT-SHRINKABLE MATERIAL CO. LTD. | June 3, 2025 | Elect Wang Dong as Independent Director | Director Elections | Board | AGAINST | 5 | |
| SHENZHEN YAN TIAN PORT HOLDINGS CO. LTD. | May 15, 2025 | Approve Use of Raised Funds for Entrusted Loan Provision | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN YHLO BIOTECH CO. LTD. | May 26, 2025 | Approve External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN YUTO PACKAGING TECHNOLOGY CO. LTD. | May 20, 2025 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN YUTO PACKAGING TECHNOLOGY CO. LTD. | May 20, 2025 | Approve Bank Credit and Adjustment of Guarantee Limit and Term | Capital Structure | Board | AGAINST | 5 | |
| SHENZHEN ZHONGJIN LINGNAN NONFEMET CO. LTD. | May 8, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.