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 |
|---|---|---|---|---|---|---|---|
| WDB HOLDINGS CO. LTD. | June 26, 2025 | Elect Director and Audit Committee Member Meboso, Minoru | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect Cindy Guo, with SHAREHOLDER NO.81, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect JC Liu, with SHAREHOLDER NO.93, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect James Chou, with SHAREHOLDER NO.5, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect Jeff Tsai, with SHAREHOLDER NO.34, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect Paul Liao, with SHAREHOLDER NO.122, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WELTREND SEMICONDUCTOR INC. | May 29, 2025 | Elect Tony Lin, with SHAREHOLDER NO.306, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| WEN'S FOODSTUFF GROUP CO. LTD. | December 10, 2024 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| WEN'S FOODSTUFF GROUP CO. LTD. | May 14, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| WHIRLPOOL OF INDIA LTD. | August 9, 2024 | Approve Waiver of Excess Managerial Remuneration to Narasimhan Eswar as Managing Director | Compensation | Board | AGAINST | 5 | |
| WILLFAR INFORMATION TECHNOLOGY CO. LTD. | March 24, 2025 | Approve Remuneration Plan of Supervisors | Compensation | Board | AGAINST | 5 | |
| WINGTECH TECHNOLOGY CO. LTD. | November 8, 2024 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| WINGTECH TECHNOLOGY CO. LTD. | May 16, 2025 | Approve Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| WINPAK LTD. | May 15, 2025 | Elect Director Bruce J. Berry | Director Elections | Board | AGAINST | 5 | |
| WINPAK LTD. | May 15, 2025 | Elect Director Martti H. Aarnio-Wihuri | Director Elections | Board | AGAINST | 5 | |
| WINPAK LTD. | May 15, 2025 | Elect Director Minna H. Yrjonmaki | Director Elections | Board | AGAINST | 5 | |
| WINPAK LTD. | May 15, 2025 | Elect Director Rakel J. Aarnio-Wihuri | Director Elections | Board | AGAINST | 5 | |
| WISE PLC | September 18, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| WM TECHNOLOGY INC. | July 24, 2024 | Election of Directors: Scott Gordon | Director Elections | Board | WITHHOLD | 5 | |
| WUHAN JINGCE ELECTRONIC GROUP CO. LTD. | September 2, 2024 | Approve Provision of Guarantee for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| WUHAN RAYCUS FIBER LASER TECHNOLOGIES CO. LTD. | December 5, 2024 | Approve Formulation of Annual Evaluation Form for the Chairman of the Board of Directors | Compensation | Board | AGAINST | 5 | |
| WUHU TOKEN SCIENCE CO. LTD. | May 15, 2025 | Approve Provision of Guarantee for Subsidiaries and Associate Company | Capital Structure | Board | AGAINST | 5 | |
| WUHU TOKEN SCIENCE CO. LTD. | May 15, 2025 | Approve Provision of Guarantee for Wuhu Changxin New Display Device Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| WUS PRINTED CIRCUIT (KUNSHAN) CO. LTD. | April 28, 2025 | Approve Application of Credit Lines and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| WUXI APPTEC CO. LTD. | April 29, 2025 | Approve Authorization for Issuance of Onshore and Offshore Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| WUXI AUTOWELL TECHNOLOGY CO. LTD. | April 9, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| WUXI AUTOWELL TECHNOLOGY CO. LTD. | April 9, 2025 | Approve Provision of Guarantee for Credit Line Application of Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| WUXI AUTOWELL TECHNOLOGY CO. LTD. | April 9, 2025 | Approve Provision of Guarantee for Wuxi Weint Data Technology Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| WUXI BOTON TECHNOLOGY CO. LTD. | May 23, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| XCMG CONSTRUCTION MACHINERY CO. LTD. | May 27, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| XCMG CONSTRUCTION MACHINERY CO. LTD. | May 27, 2025 | Approve Provision of Guarantee for Financial Leasing Business | Capital Structure | Board | AGAINST | 5 | |
| XCMG CONSTRUCTION MACHINERY CO. LTD. | May 27, 2025 | Approve Provision of Guarantee for Mortgage Business | Capital Structure | Board | AGAINST | 5 | |
| XCMG CONSTRUCTION MACHINERY CO. LTD. | May 27, 2025 | Approve Provision of Guarantee for Supply Chain Finance Business | Capital Structure | Board | AGAINST | 5 | |
| XIAMEN BANK CO. LTD. | November 15, 2024 | Approve Extension of Resolution Validity Period and Authorization of the Board of Issuance of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| XIAMEN BANK CO. LTD. | June 3, 2025 | Approve Issuance of Capital Bonds | Capital Structure | Board | AGAINST | 5 | |
| XIAMEN XIANGYU CO. LTD. | March 28, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| XIAMEN XIANGYU CO. LTD. | March 28, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| XIAN BRIGHT LASER TECHNOLOGIES CO. LTD. | June 9, 2025 | Approve Application of Credit Line and Financing | Capital Structure | Board | AGAINST | 5 | |
| XINHUANET CO. LTD. | June 18, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| XINJIANG COMMUNICATIONS CONSTRUCTION GROUP CO. LTD. | July 1, 2024 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| XINJIANG COMMUNICATIONS CONSTRUCTION GROUP CO. LTD. | May 28, 2025 | Approve Credit Line Application and Authorize Chairman of the Board | Capital Structure | Board | AGAINST | 5 | |
| XINJIANG XINTAI NATURAL GAS CO. LTD. | April 18, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| XINJIANG XINTAI NATURAL GAS CO. LTD. | April 18, 2025 | Approve Estimated Amount of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| XINTE ENERGY CO. LTD. | June 18, 2025 | Approve Provision of Guarantees for Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| YAGUANG TECHNOLOGY GROUP CO. LTD. | May 22, 2025 | Approve Application of Comprehensive Credit Lines and Related Guarantees | Capital Structure | Board | AGAINST | 5 | |
| YAMAE GROUP HOLDINGS CO. LTD. | June 20, 2025 | Elect Director Omori, Hiroto | Director Elections | Board | AGAINST | 5 | |
| YAMAE GROUP HOLDINGS CO. LTD. | June 20, 2025 | Elect Director and Audit Committee Member Kusaba, Nobuyuki | Director Elections | Board | AGAINST | 5 | |
| YAMAE GROUP HOLDINGS CO. LTD. | June 20, 2025 | Elect Director and Audit Committee Member Mori, Yasufumi | Director Elections | Board | AGAINST | 5 | |
| YAMAE GROUP HOLDINGS CO. LTD. | June 20, 2025 | Elect Director and Audit Committee Member Shimosaka, Masao | Director Elections | Board | AGAINST | 5 | |
| YAN TAI SHUANG TA FOOD CO. LTD. | May 20, 2025 | Approve Application for Credit Financing | Capital Structure | Board | AGAINST | 5 | |
| YANKUANG ENERGY GROUP COMPANY LTD. | May 30, 2025 | Approve Provision of Financial Guarantee(s) to the Company's Subsidiaries and Grant Authorization to Yancoal Australia Limited and Its Subsidiaries to Provide Guarantee(s) in Relation to Daily Operations to the Subsidiaries of the Company in Australia | Capital Structure | Board | AGAINST | 5 | |
| YANTAI DONGCHENG BIOCHEMICALS CO. LTD. | March 28, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| YANTAI ZHENGHAI MAGNETIC MATERIAL CO. LTD. | May 13, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| YANTAI ZHENGHAI MAGNETIC MATERIAL CO. LTD. | May 13, 2025 | Approve Shareholder Return Plan | Capital Structure | Board | AGAINST | 5 | |
| YATAS YATAK VE YORGAN SANAYI TICARET AS | April 21, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| YATAS YATAK VE YORGAN SANAYI TICARET AS | April 21, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| YATAS YATAK VE YORGAN SANAYI TICARET AS | April 21, 2025 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| YAYLA AGRO GIDA SANAYI VE TICARET AS | May 29, 2025 | Appoint Auditor for Sustainability Reporting | Audit-related | Board | AGAINST | 5 | |
| YAYLA AGRO GIDA SANAYI VE TICARET AS | May 29, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| YAYLA AGRO GIDA SANAYI VE TICARET AS | May 29, 2025 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| YENI GIMAT GAYRIMENKUL YATIRIM ORTAKLIGI AS | April 13, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| YENI GIMAT GAYRIMENKUL YATIRIM ORTAKLIGI AS | April 13, 2025 | Approve Share Repurchase Program | Capital Structure | Board | AGAINST | 5 | |
| YENI GIMAT GAYRIMENKUL YATIRIM ORTAKLIGI AS | April 13, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| YES BANK LTD. | August 23, 2024 | Reelect Shweta Jalan as Director | Director Elections | Board | AGAINST | 5 | |
| YIBIN TIANYUAN GROUP CO. LTD. | January 16, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| YIBIN TIANYUAN GROUP CO. LTD. | January 16, 2025 | Approve Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| YILI CHUANNIG BIOTECHNOLOGY CO. LTD. | May 13, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| YILI CHUANNIG BIOTECHNOLOGY CO. LTD. | May 13, 2025 | Approve Issuance of Non-financial Corporate Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| YIXINTANG PHARMACEUTICAL GROUP CO. LTD. | December 13, 2024 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| YOOZOO INTERACTIVE CO. LTD. | March 6, 2025 | Approve Terms for Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| YTL CORPORATION BERHAD | December 5, 2024 | Approve Issuance of ESOS Options to Choo Yoo Kwan @ Choo Yee Kwan | Compensation | Board | AGAINST | 5 | |
| YTL CORPORATION BERHAD | December 5, 2024 | Approve Issuance of ESOS Options to Sharifatu Laila Binti Syed Ali | Compensation | Board | AGAINST | 5 | |
| YTL CORPORATION BERHAD | December 5, 2024 | Approve Issuance of ESOS Options to Tang Kin Kheong | Compensation | Board | AGAINST | 5 | |
| YUANJIE SEMICONDUCTOR TECHNOLOGY CO. LTD. | June 26, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| YUANJIE SEMICONDUCTOR TECHNOLOGY CO. LTD. | June 26, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 5 | |
| YUEXIU TRANSPORT INFRASTRUCTURE LTD. | June 12, 2025 | Approve Ernst & Young as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| YUEXIU TRANSPORT INFRASTRUCTURE LTD. | June 12, 2025 | Elect Cheung Doi Shu as Director | Director Elections | Board | AGAINST | 5 | |
| YUKIGUNI FACTORY CO. LTD. | June 26, 2025 | Elect Director Yuzawa, Masafumi | Director Elections | Board | AGAINST | 5 | |
| YULON FINANCE CORP. | May 28, 2025 | Elect Liang Chang, a Representative of Lowin Industrial Co. Ltd with Shareholder No. 318, as Non-Independent Director | Director Elections | Board | AGAINST | 5 | |
| YUNNAN ENERGY NEW MATERIAL CO. LTD. | January 16, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| YUNNAN ENERGY NEW MATERIAL CO. LTD. | February 10, 2025 | Approve Downward Adjustment on Conversion Price of Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| ZEE ENTERTAINMENT ENTERPRISES LTD. | November 28, 2024 | Approve Reappointment and Remuneration of Punit Goenka as Managing Director & Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| ZHAOJIN MINING INDUSTRY COMPANY LTD. | February 26, 2025 | Approve Provision of Guarantee for the Financing of 7 Subsidiaries of the Company | Capital Structure | Board | AGAINST | 5 | |
| ZHAOJIN MINING INDUSTRY COMPANY LTD. | February 26, 2025 | Approve Provision of Guarantee for the Supply Chain Finance Business Proposed to be Conducted by 10 Subsidiaries of the Company | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG CF MOTO POWER CO. LTD. | September 2, 2024 | Approve Authorization of the Board to Handle All Matters Related to the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| ZHEJIANG CF MOTO POWER CO. LTD. | September 2, 2024 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| ZHEJIANG CF MOTO POWER CO. LTD. | September 2, 2024 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| ZHEJIANG CF MOTO POWER CO. LTD. | May 7, 2025 | Approve Remuneration of Directors and Supervisors | Compensation | Board | AGAINST | 5 | |
| ZHEJIANG CHINT ELECTRICS CO. LTD. | May 23, 2025 | Approve Additional External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG DUN'AN ARTIFICIAL ENVIRONMENT CO. LTD. | June 19, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HAILIANG CO. LTD. | May 20, 2025 | Approve Provision of Guarantee for Controlled Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HAILIDE NEW MATERIAL CO. LTD. | April 23, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HISOAR PHARMACEUTICAL CO. LTD. | May 21, 2025 | Approve Guarantees Provided to Subsidiaries within the Scope of Consolidated Financial Statements | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUATONG MEAT PRODUCTS CO. LTD. | January 2, 2025 | Approve Provision of Guarantee for Financing | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUATONG MEAT PRODUCTS CO. LTD. | January 2, 2025 | Approve Provision of Guarantee for Purchase of Feed and Feed Ingredients | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUATONG MEAT PRODUCTS CO. LTD. | February 10, 2025 | Approve Development of Asset Pooling Business | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUAYOU COBALT CO. LTD. | October 10, 2024 | Approve Terms for Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUAYOU COBALT CO. LTD. | May 9, 2025 | Approve Issuance of Non-financial Corporate Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUAYOU COBALT CO. LTD. | May 9, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| ZHEJIANG HUAYOU COBALT CO. LTD. | May 9, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.