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 |
|---|---|---|---|---|---|---|---|
| CSI SOLAR CO. LTD. | May 28, 2025 | Approve Remuneration of Supervisors | Compensation | Board | AGAINST | 4 | |
| CTCI CORP. | May 28, 2025 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | January 8, 2025 | Amend Stock Option Plan Approved at the April 30, 2024, EGM | Compensation | Board | AGAINST | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | January 8, 2025 | Approve Stock Option Plan | Compensation | Board | AGAINST | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | Percentage of Votes to Be Assigned - Elect Felipe Pontes Gondim as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | Percentage of Votes to Be Assigned - Elect Flavio Uchoa Teles de Menezes as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | Percentage of Votes to Be Assigned - Elect Gustavo Baptista Paulus as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | Percentage of Votes to Be Assigned - Elect Mateus Affonso Bandeira as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| CVC BRASIL OPERADORA E AGENCIA DE VIAGENS SA | April 28, 2025 | Percentage of Votes to Be Assigned - Elect Tiago Ring as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| CW ENERJI MUHENDISLIK TICARET VE SANAYI AS | July 3, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 4 | |
| CW ENERJI MUHENDISLIK TICARET VE SANAYI AS | July 3, 2024 | Authorize Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 4 | |
| CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIPACOES | February 27, 2025 | Elect Sergio Rial as Director | Director Elections | Board | AGAINST | 4 | |
| DAGANG NEXCHANGE BERHAD | June 26, 2025 | Approve Allocation of ESOS Options and/or Share Grants Under the Share Grant Plan of the LTIP to Zainal Abidin bin Syed Mohamed Tahir | Compensation | Board | AGAINST | 4 | |
| DAGANG NEXCHANGE BERHAD | June 26, 2025 | Approve Allocation of ESOS Options to Haslinda bt Hussein | Compensation | Board | AGAINST | 4 | |
| DAGANG NEXCHANGE BERHAD | June 26, 2025 | Approve Variation of the Existing ESOS into a Long-Term Incentive Plan Comprised of an Employees Share Option Scheme and Share Grant Plan | Compensation | Board | AGAINST | 4 | |
| DASHENLIN PHARMACEUTICAL GROUP CO. LTD. | November 18, 2024 | Approve Terms for Downward Adjustment of Conversion Price | Capital Structure | Board | AGAINST | 4 | |
| DATA PATTERNS (INDIA) LTD. | July 30, 2024 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 4 | |
| DATANG HUAYIN ELECTRIC POWER CO. LTD. | August 29, 2024 | Elect Guo Hong as Director | Director Elections | Board | AGAINST | 4 | |
| DATANG HUAYIN ELECTRIC POWER CO. LTD. | August 29, 2024 | Elect Tan Yuanzhang as Director | Director Elections | Board | AGAINST | 4 | |
| DATANG HUAYIN ELECTRIC POWER CO. LTD. | August 29, 2024 | Elect Wu Limin as Director | Director Elections | Board | AGAINST | 4 | |
| DATANG INTERNATIONAL POWER GENERATION CO. LTD. | December 31, 2024 | Approve Financing Proposal of Datang International as the Parent Company for the Year of 2025 | Capital Structure | Board | AGAINST | 4 | |
| DATANG INTERNATIONAL POWER GENERATION CO. LTD. | March 25, 2025 | Approve Centralized Registration of Non-Financial Corporate Debt Financing Instruments and Shelf Offering of Corporate Bonds | Capital Structure | Board | AGAINST | 4 | |
| DELEK AUTOMOTIVE SYSTEMS LTD. | September 30, 2024 | Reappoint Kost, Forer, Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| DELEK AUTOMOTIVE SYSTEMS LTD. | June 17, 2025 | Reappoint Kost, Forer, Gabbay & Kasierer as Auditors and Report Fees Paid to Auditors | Audit-related | Board | AGAINST | 4 | |
| DELEK GROUP LTD. | July 24, 2024 | Reappoint Brightman Almagor Zohar & Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 4 | |
| DELEK GROUP LTD. | July 24, 2024 | Reelect Heelee Kriesler as Director | Director Elections | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 50 Million | Capital Structure | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Approve Issuance of Equity or Equity-Linked Securities for Qualified Investors, up to Aggregate Nominal Amount of EUR 50 Million | Capital Structure | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Approve Remuneration Policy of Vice-CEO | Compensation | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights (Rights Issue) up to Aggregate Nominal Amount of EUR 50 Million | Capital Structure | Board | AGAINST | 4 | |
| DERICHEBOURG SA | January 29, 2025 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 50 Million | Capital Structure | Board | AGAINST | 4 | |
| DEXCO SA | July 24, 2024 | Elect Harry Schmelzer Junior as Director | Director Elections | Board | AGAINST | 4 | |
| DEXCO SA | April 24, 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 | 4 | |
| DEXCO SA | April 24, 2025 | Elect Directors | Director Elections | Board | AGAINST | 4 | |
| DEXCO SA | April 24, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Alfredo Egydio Arruda Villela Filho as Director and Rodolfo Villela Marino as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Alfredo Egydio Setubal as Director and Paula Lucas Setubal as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Andrea Cristina de Lima Rolim as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Andrea Laserna Seibel as Director and Alex Laserna Seibel as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Antonio Joaquim de Oliveira as Director | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Harry Schmelzer Junior as Director and Rodolfo Villela Marino as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Helio Seibel as Director and Alex Laserna Seibel as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Marcio Froes Torres as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Marcos Campos Bicudo as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DEXCO SA | April 24, 2025 | Percentage of Votes to Be Assigned - Elect Ricardo Egydio Setubal as Director and Paula Lucas Setubal as Alternate | Director Elections | Board | ABSTAIN | 4 | |
| DIAGEO PLC | September 26, 2024 | Elect Ireena Vittal | Director Elections | Board | AGAINST | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Approve Remuneration of Company's Management | Compensation | Board | AGAINST | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Dulce Pugliese de Godoy Bueno as Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Henrique Lourenco Grossi as Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Maria Leticia de Freitas Costa as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Oscar de Paula Bernardes Neto as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Pedro de Godoy Bueno as Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Romeu Cortes Domingues as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Percentage of Votes to Be Assigned - Elect Stelleo Passos Tolda as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| DIAGNOSTICOS DA AMERICA SA | April 30, 2025 | Re-Ratify Remuneration of Company's Management for 2024 | Compensation | Board | AGAINST | 4 | |
| DIGITAL CHINA INFORMATION SERVICE GROUP CO. LTD. | January 9, 2025 | Approve Estimated Amount of Guarantees | Capital Structure | Board | AGAINST | 4 | |
| DIGITAL CHINA INFORMATION SERVICE GROUP CO. LTD. | May 13, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | September 24, 2024 | Approve Loans, Guarantees, Securities, and Investments to Subsidiary/Associates Companies/any other Companies/JVs/Trust/Body Corporates | Capital Structure | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | September 24, 2024 | Approve Reappointment and Remuneration of Devendra Jain as Managing Director | Compensation | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | September 24, 2024 | Approve Reappointment and Remuneration of Dilip Suryavanshi as Managing Director | Compensation | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | March 20, 2025 | Approve Increase of Remuneration Payable to Karan Suryavanshi, Head - Business Development | Compensation | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | March 20, 2025 | Approve Increase of Remuneration Payable to Rohan Suryavanshi, Head - Strategy & Planning | Compensation | Board | AGAINST | 4 | |
| DILIP BUILDCON LTD. | March 20, 2025 | Approve Limit under Section 185, 186 and Other Applicable Provisions of Companies Act, 2013 for Making Investments, Providing Any Loans/Guarantee/Securities to the Subsidiaries Companies/Associates Companies for the Financial Year 2025-26 | Capital Structure | Board | AGAINST | 4 | |
| DONG FENG ELECTRONIC & TECHNOLOGY CO. LTD. | June 26, 2025 | Approve Disposal of Fixed Assets | Extraordinary Transactions | Board | AGAINST | 4 | |
| EAST CHINA ENGINEERING SCIENCE & TECHNOLOGY CO. LTD. | April 25, 2025 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Elect Directors | Director Elections | Board | AGAINST | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Alberto Gargioni as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Beniamino Gavio as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Luis Miguel Dias da Silva Santos as Alternate Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Marco Antonio Cassou as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Paolo Pierantoni as Alternate Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Ricardo Bisordi de Oliveira Lima as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Sonia Aparecida Consiglio as Independent Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Stefano Mario Giuseppe Viviano as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Stefano Mion as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECORODOVIAS INFRAESTRUTURA E LOGISTICA SA | April 17, 2025 | Percentage of Votes to Be Assigned - Elect Umberto Tosoni as Director | Director Elections | Board | ABSTAIN | 4 | |
| ECOVACS ROBOTICS CO. LTD. | September 20, 2024 | Approve Authorization of the Board to Handle All Related Matters Regarding Employee Share Purchase Plan | Compensation | Board | AGAINST | 4 | |
| ECOVACS ROBOTICS CO. LTD. | September 20, 2024 | Approve Draft and Summary of Employee Share Purchase Plan | Compensation | Board | AGAINST | 4 | |
| ECOVACS ROBOTICS CO. LTD. | September 20, 2024 | Approve Methods to Assess the Performance of Plan Participants Regarding Employee Share Purchase Plan | Compensation | Board | AGAINST | 4 | |
| EIT ENVIRONMENTAL DEVELOPMENT GROUP CO. LTD. | January 20, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 4 | |
| ELANCO ANIMAL HEALTH INC. | May 16, 2025 | Election of Directors: Kapila Anand | Director Elections | Board | AGAINST | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdullah Al Al Sheikh as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdullah Al Feefi as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdullah Al Jareesh as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdullah Al Kanhal as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdulrahman Al Hawas as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Abdulrahman Al Jabreen as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Ahmed Al Baqshi as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Ahmed Al Harbi as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Badr Al Rabeeah as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Badr Al Suweelim as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Fadhil Al Saadi as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Fahd Al Huweemil as Director | Director Elections | Board | ABSTAIN | 4 | |
| ELECTRICAL INDUSTRIES CO. | December 4, 2024 | Elect Fahd Al Tuweejri as Director | Director Elections | Board | ABSTAIN | 4 |
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Built November 8, 2026 from SEC Form N-PX filings.