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 |
|---|---|---|---|---|---|---|---|
| SUZHOU GOLD MANTIS CONSTRUCTION & DECORATION CO. LTD. | May 21, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SUZHOU GOLD MANTIS CONSTRUCTION & DECORATION CO. LTD. | May 21, 2025 | Approve Provision of Guarantee for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| SUZHOU NANOMICRO TECHNOLOGY CO. LTD. | May 15, 2025 | Approve Remuneration (Allowance) of Directors | Compensation | Board | AGAINST | 5 | |
| SUZHOU NANOMICRO TECHNOLOGY CO. LTD. | May 15, 2025 | Approve Remuneration (Allowance) of Supervisors | Compensation | Board | AGAINST | 5 | |
| SUZHOU RECODEAL INTERCONNECT SYSTEM CO. LTD. | January 22, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| SUZHOU SECOTE PRECISION ELECTRONIC CO. LTD. | May 20, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| SUZHOU ZELGEN BIOPHARMACEUTICALS CO. LTD. | May 16, 2025 | Approve Remuneration (Allowance) of Directors | Compensation | Board | AGAINST | 5 | |
| SWAN ENERGY LTD. | September 26, 2024 | Approve Appointment and Remuneration of Chetan Selarka as Whole Time Director (Key Managerial Personnel) and Chief Financial Officer | Compensation | Board | AGAINST | 5 | |
| SWAN ENERGY LTD. | September 26, 2024 | Approve Reappointment and Remuneration of Paresh V. Merchant as Whole Time Director and Key Managerial Personnel | Compensation | Board | AGAINST | 5 | |
| SWAN ENERGY LTD. | September 26, 2024 | Elect Chetan Selarka as Director | Director Elections | Board | AGAINST | 5 | |
| SWECO AB | April 29, 2025 | Reelect Asa Bergman, Alf Goransson, Johan Hjertonsson, Johan Nordstrom (Chair), Susanne Pahlen Aklundh and Johan Wall as Directors; Elect Katrien Beuls and Constanze Hufenbecher as New Directors | Director Elections | Board | AGAINST | 5 | |
| SYRMA SGS TECHNOLOGY LTD. | September 17, 2024 | Approve Reappointment and Remuneration of Jasbir Singh Gujral as a Managing Director | Compensation | Board | AGAINST | 5 | |
| SYRMA SGS TECHNOLOGY LTD. | September 17, 2024 | Approve Remuneration/Commission to the Non-executive Independent Directors | Compensation | Board | AGAINST | 5 | |
| SYRMA SGS TECHNOLOGY LTD. | September 17, 2024 | Reelect Bharat Anand as Director | Director Elections | Board | AGAINST | 5 | |
| SYRMA SGS TECHNOLOGY LTD. | September 17, 2024 | Reelect Kunal Shah as Director | Director Elections | Board | AGAINST | 5 | |
| TAIHEI DENGYO KAISHA LTD. | June 27, 2025 | Appoint Statutory Auditor Hayakawa, Koji | Compensation | Board | AGAINST | 5 | |
| TAIHEI DENGYO KAISHA LTD. | June 27, 2025 | Appoint Statutory Auditor Takeshita, Yasushi | Compensation | Board | AGAINST | 5 | |
| TAIWAN MASK CORP. | May 28, 2025 | Approve Issuance of Marketable Securities via Private Placement | Capital Structure | Board | AGAINST | 5 | |
| TAIYEN BIOTECH CO. LTD. | June 26, 2025 | Elect Wu,Wen-Cheng, with ID NO.X120270XXX, as Independent Director | Director Elections | Board | AGAINST | 5 | |
| TAKATORI CORP. | December 20, 2024 | Elect Director Masuda, Makoto | Director Elections | Board | AGAINST | 5 | |
| TALKWEB INFORMATION SYSTEM CO. LTD. | May 20, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| TAMILNAD MERCANTILE BANK LTD. | September 27, 2024 | Elect K.V.Rama Moorthy as Director | Director Elections | Board | AGAINST | 5 | |
| TAMILNAD MERCANTILE BANK LTD. | September 27, 2024 | Reelect S.R.Ashok as Director | Director Elections | Board | AGAINST | 5 | |
| TAMILNAD MERCANTILE BANK LTD. | March 12, 2025 | Approve Extension of Benefits Under the Tamilnad Mercantile Bank Limited Employee Stock Option Plan 2024 to the Eligible Employees of Its Subsidiary Companies, Associate Companies and Group Companies | Compensation | Board | AGAINST | 5 | |
| TAMILNAD MERCANTILE BANK LTD. | March 12, 2025 | Approve Tamilnad Mercantile Bank Limited Employee Stock Option Plan 2024 | Compensation | Board | AGAINST | 5 | |
| TANGRENSHEN GROUP CO. LTD. | December 20, 2024 | Approve Estimated Guarantee Amount | Capital Structure | Board | AGAINST | 5 | |
| TANLA PLATFORMS LTD. | July 25, 2024 | Reelect Deepak Goyal as Director | Director Elections | Board | AGAINST | 5 | |
| TANLA PLATFORMS LTD. | July 25, 2024 | Reelect Sanjay Kapoor as Director | Director Elections | Board | AGAINST | 5 | |
| TAT GIDA SANAYI AS | April 9, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| TAURON POLSKA ENERGIA SA | September 3, 2024 | Amend Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| TAURON POLSKA ENERGIA SA | June 25, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| TBEA CO. LTD. | December 30, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| TCL TECHNOLOGY GROUP CORP. | January 13, 2025 | Approve Application for Registration and Issuance of Debt Financing Instruments in the Interbank Bond Market | Capital Structure | Board | AGAINST | 5 | |
| TCL ZHONGHUAN RENEWABLE ENERGY TECHNOLOGY CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| TEIKOKU SEN-I CO. LTD. | March 28, 2025 | Appoint Statutory Auditor Kinoshita, Yasuhiro | Compensation | Board | AGAINST | 5 | |
| TEIKOKU SEN-I CO. LTD. | March 28, 2025 | Elect Director Masutani, Toru | Director Elections | Board | AGAINST | 5 | |
| TEL AVIV STOCK EXCHANGE LTD. | December 26, 2024 | Elect Boaz Schwartz as External Director | Director Elections | Board | ABSTAIN | 5 | |
| TEL AVIV STOCK EXCHANGE LTD. | December 26, 2024 | Elect Moshe Wolf as External Director | Director Elections | Board | ABSTAIN | 5 | |
| TEL AVIV STOCK EXCHANGE LTD. | December 26, 2024 | Elect Ronit Atad as External Director | Director Elections | Board | ABSTAIN | 5 | |
| TEL AVIV STOCK EXCHANGE LTD. | December 26, 2024 | Elect Ronit Meiri Harel as External Director | Director Elections | Board | ABSTAIN | 5 | |
| TELEFONICA BRASIL SA | April 25, 2025 | Percentage of Votes to Be Assigned - Elect Cesar Mascaraque Alonsoas Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| TELLING TELECOMMUNICATION HOLDING CO. LTD. | May 23, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| TERAPLAST SA | December 27, 2024 | Elect George Toma Mucibabici as Director | Director Elections | Board | AGAINST | 5 | |
| TERAPLAST SA | December 27, 2024 | Elect Iulia Daniela Mihaila Moldovan as Director | Director Elections | Board | AGAINST | 5 | |
| TERAPLAST SA | December 27, 2024 | Elect Marian Cristian Mocanu as Director | Director Elections | Board | AGAINST | 5 | |
| TERAPLAST SA | December 27, 2024 | Elect Member of Audit Committee | Director Elections | Board | AGAINST | 5 | |
| TERAPLAST SA | December 27, 2024 | Empower Dorel Goia and Alexandru Stanean to Sign Contracts with Elected Directors | Compensation | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Appoint Auditor for Sustainability Reporting and Approve Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Approve Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Approve Share Repurchase Program to Implement Stock Option Plan | Compensation | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Empower Representatives to Complete Formalities Pursuant to Stock Option Above | Compensation | Board | AGAINST | 5 | |
| TERAPLAST SA | April 29, 2025 | Ratify Deloitte Audit SRL as Auditor for Sustainability Reporting for the Fiscal Year 2024 | Audit-related | Board | AGAINST | 5 | |
| TESSENDERLO GROUP NV | May 13, 2025 | Approve Co-optation of West Linde BV, Permanently Represented by Laurie Tack, as Director | Director Elections | Board | AGAINST | 5 | |
| TESSENDERLO GROUP NV | May 13, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| THAI OIL PUBLIC COMPANY LTD. | February 21, 2025 | Approve Increase of the Investment Cost in the Clean Fuel Project (CFP) | Extraordinary Transactions | Board | AGAINST | 5 | |
| THANACHART CAPITAL PUBLIC COMPANY LTD. | April 2, 2025 | Approve Sale of All Thanachart Securities Public Company Limited's Ordinary Shares to TMBThanachart Bank Public Company Limited | Extraordinary Transactions | Board | AGAINST | 5 | |
| THOMAS COOK (INDIA) LTD. | April 17, 2025 | Approve Change and Fixation of Remuneration of Mahesh Iyer as Managing Director and Chief Executive Officer, and Payment of Minimum Remuneration in Case of Absence or Inadequacy of Profits | Compensation | Board | AGAINST | 5 | |
| THOMAS COOK (INDIA) LTD. | April 17, 2025 | Approve Extension of Benefit of Thomas Cook Employees Stock Option Scheme 2024 - EXECOM (ESOP 2024 - EXECOM) to the Present and Future Employees of Subsidiary Companies | Compensation | Board | AGAINST | 5 | |
| THOMAS COOK (INDIA) LTD. | April 17, 2025 | Approve Thomas Cook Employees Stock Option Scheme 2024 - EXECOM (ESOP 2024 - EXECOM) and Issue of Employee Stock Options under the ESOP 2024 - EXECOM to the Employees of the Company | Compensation | Board | AGAINST | 5 | |
| THONBURI HEALTHCARE GROUP PUBLIC CO. LTD. | April 23, 2025 | Elect Nalin Vanasin as Director | Director Elections | Board | AGAINST | 5 | |
| TIANFENG SECURITIES CO. LTD. | May 15, 2025 | Approve Extension of Authorization of the Board on Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| TIANFENG SECURITIES CO. LTD. | May 15, 2025 | Approve Extension of Resolution Validity Period of Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| TIANLI INTERNATIONAL HOLDINGS LTD. | January 16, 2025 | Elect Luo Shi as Director | Director Elections | Board | AGAINST | 5 | |
| TIANQI LITHIUM CORP. | April 29, 2025 | Approve Provision of Cross Guarantees Between Controlling Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| TIANQI LITHIUM CORP. | May 21, 2025 | Approve Providing Guarantee for Application to Financial Institutions for Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| TIANSHAN MATERIAL CO. LTD. | February 11, 2025 | Approve Provision of Guarantees for Subsidiaries' Financing Matters and Mutual Guarantees Between Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Cao Yumei as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Chen Weidong as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Di Chaoping as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Huang Yi as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Jin Jianzhong as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Li Wu as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Li Xiaojun as Supervisor | Compensation | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Tang Xi as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Wu Hao as Director | Director Elections | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Yu Junjun as Supervisor | Compensation | Board | AGAINST | 5 | |
| TIBET URBAN DEVELOPMENT & INVESTMENT CO. LTD. | July 8, 2024 | Elect Zeng Yun as Director | Director Elections | Board | AGAINST | 5 | |
| TIM SA | March 27, 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 | |
| TIM SA | March 27, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Adrian Calaza as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Alberto Mario Griselli as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Alessandra Michelini as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Claudio Giovanni Ezio Ongaro as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Flavia Maria Bittencourt as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Gesner Jose de Oliveira Filho as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Gigliola Bonino as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Herculano Anibal Alves as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Leonardo de Carvalho Capdeville as Director | Director Elections | Board | ABSTAIN | 5 | |
| TIM SA | March 27, 2025 | Percentage of Votes to Be Assigned - Elect Nicandro Durante as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| TIPCO ASPHALT PUBLIC CO. LTD. | April 8, 2025 | Elect Frederic Jacques Maurice Roussel as Director | Director Elections | Board | AGAINST | 5 | |
| TITAN WIND ENERGY (SUZHOU) CO. LTD. | May 16, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| TITAN WIND ENERGY (SUZHOU) CO. LTD. | May 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| TOHO GAS CO. LTD. | June 25, 2025 | Appoint Statutory Auditor Suzuki, Takashi | Compensation | Board | AGAINST | 5 | |
| TOHO GAS CO. LTD. | June 25, 2025 | Elect Director Yamazaki, Satoshi | Director Elections | Board | AGAINST | 5 | |
| TOHOKUSHINSHA FILM CORP. | June 27, 2025 | Elect Director Kosaka, Keiichi | Director Elections | Board | AGAINST | 5 | |
| TOHOKUSHINSHA FILM CORP. | June 27, 2025 | Elect Director and Audit Committee Member Kakemoto, Makoto | Director Elections | Board | AGAINST | 5 | |
| TOKYO ELECTRIC POWER CO. HOLDINGS INC. | June 26, 2025 | Elect Director Kobayakawa, Tomoaki | Director Elections | Board | AGAINST | 5 | |
| TOKYO ELECTRIC POWER CO. HOLDINGS INC. | June 26, 2025 | Elect Director Kobayashi, Yoshimitsu | Director Elections | Board | AGAINST | 5 | |
| TOKYO ELECTRIC POWER CO. HOLDINGS INC. | June 26, 2025 | Elect Director Yoshino, Shigehiro | Director Elections | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.