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Vanguard 2025-2026: where it broke with the board

Two kinds of vote are listed: a board-sponsored proposal Vanguard voted AGAINST or withheld on, and a shareholder proposal it voted FOR. 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

6,031 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.

Vanguard, 2025-2026 proxy season. Who put a proposal on the ballot is taken from its N-PX category; see the method note on the overview page.
CompanyMeetingProposalCategory On the ballot fromVanguard votedFunds
MARRIOTT VACATIONS WORLDWIDE CORPORATION 2026-05-15 Elect Directors: Lizanne Galbreath Director Elections Board ABSTAIN 7
MARRIOTT VACATIONS WORLDWIDE CORPORATION 2026-05-15 Elect Directors: Stephen R. Quazzo Director Elections Board ABSTAIN 7
MATTEL, INC. 2026-05-28 Election of Director: Dominic Ng Director Elections Board AGAINST 7
MATTEL, INC. 2026-05-28 Election of Director: Ynon Kreiz Director Elections Board AGAINST 7
MATTEL, INC. 2026-05-28 Ratification of the selection of PricewaterhouseCoopers LLP as Mattel, Inc.'s independent registered public accounting firm for the year ending December 31, 2026. Audit-related Board AGAINST 7
MAXLINEAR, INC. 2026-05-20 To approve an amendment and restatement of the MaxLinear, Inc. Amended and Restated 2010 Equity Incentive Plan, including approval of a new ten-year term and an increase in the number of shares reserved thereunder by 3,204,107. Compensation Board AGAINST 7
MERIT MEDICAL SYSTEMS, INC. 2026-05-13 Approval of a non-binding, advisory resolution approving the compensation of the Company's named executive officers as described in the Merit Medical Systems, Inc. Proxy Statement. Compensation Board AGAINST 7
MERLIN Properties SOCIMI SA 2026-04-28 Ratify Appointment of and Elect Fernando Lopez Munoz as Director Director Elections Board AGAINST 7
MIDDLESEX WATER COMPANY 2026-05-19 Elect Directors: Joshua Bershad, MD Director Elections Board ABSTAIN 7
MIDDLESEX WATER COMPANY 2026-05-19 Elect Directors: Vaughn L. McKoy Director Elections Board ABSTAIN 7
MKS INC. 2026-05-11 The approval of the Amended and Restated 2022 Stock Incentive Plan. Compensation Board AGAINST 7
MKS INC. 2026-05-11 The ratification of the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026. Audit-related Board AGAINST 7
MODERNA, INC. 2026-05-06 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Compensation Board AGAINST 7
MOLINA HEALTHCARE, INC. 2026-05-06 Election of Director to hold office until the 2027 Annual Meeting: Stephen H. Lockhart Director Elections Board AGAINST 7
MOLINA HEALTHCARE, INC. 2026-05-06 To consider and approve, on a non-binding, advisory basis, the compensation of our named executive officers. Compensation Board AGAINST 7
MOLSON COORS BEVERAGE COMPANY 2026-05-06 Elect Directors: Charles M. Herington Director Elections Board ABSTAIN 7
MOLSON COORS BEVERAGE COMPANY 2026-05-06 Elect Directors: Christian P. Cocks Director Elections Board ABSTAIN 7
MOLSON COORS BEVERAGE COMPANY 2026-05-06 Elect Directors: Roger G. Eaton Director Elections Board ABSTAIN 7
MOLSON COORS BEVERAGE COMPANY 2026-05-06 To approve, in a non-binding advisory vote, the compensation of Molson Coors Beverage Company's named executive officers. Compensation Board AGAINST 7
MONTEA NV 2026-05-19 Approve Remuneration Policy Compensation Board AGAINST 7
MOS FOOD SERVICES, INC. 2026-06-24 Appoint Statutory Auditor Hirayama, Haruo Compensation Board AGAINST 7
Magyar Telekom Telecommunications Plc 2026-04-08 Amend Remuneration Policy Compensation Board AGAINST 7
Magyar Telekom Telecommunications Plc 2026-04-08 Approve Remuneration Report Compensation Board AGAINST 7
Magyar Telekom Telecommunications Plc 2026-04-08 Authorize Share Repurchase Program Capital Structure Board AGAINST 7
Marui Group Co., Ltd. 2026-06-27 Appoint Statutory Auditor Hiromatsu, Ayumi Compensation Board AGAINST 7
Maruzen Showa Unyu Co., Ltd. 2026-06-26 Elect Director Okada, Hirotsugu Director Elections Board AGAINST 7
Maruzen Showa Unyu Co., Ltd. 2026-06-26 Elect Director and Audit Committee Member Naito, Akinobu Director Elections Board AGAINST 7
Maruzen Showa Unyu Co., Ltd. 2026-06-26 Elect Director and Audit Committee Member Shibuya, Yasuhiro Director Elections Board AGAINST 7
Matsuda Sangyo Co., Ltd. 2026-06-24 Elect Director Matsuda, Yoshiaki Director Elections Board AGAINST 7
McDonald's Holdings Co. (Japan) Ltd. 2026-03-25 Approve Bonus Related to Retirement Bonus System Abolition Compensation Board AGAINST 7
Mediobanca Banca di Credito Finanziario SpA 2026-04-14 Approve Remuneration Policy Compensation Board AGAINST 7
Mediobanca Banca di Credito Finanziario SpA 2026-04-14 Approve Second Section of the Remuneration Report Compensation Board AGAINST 7
Mediobanca Banca di Credito Finanziario SpA 2026-04-14 Elect Director Director Elections Board AGAINST 7
Meiji Holdings Co., Ltd. 2026-06-26 Approve Restricted Stock Plan Compensation Board AGAINST 7
Meiji Holdings Co., Ltd. 2026-06-26 Initiate Share Repurchase Program Capital Structure Board AGAINST 7
Meta Platforms, Inc. 2026-05-27 Elect Marc L. Andreessen Director Elections Board WITHHOLD 7
Miami International Holdings, Inc. 2026-06-16 The approval, on a non-binding advisory basis, of the compensation of our named executive officers. Say-on-Pay Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Inada, Hitoshi Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Izumisawa, Seiji Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Kakiuchi, Takehiko Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Kato, Takao Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Kishiura, Keisuke Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Mike, Kanetsugu Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Sakamoto, Hideyuki Director Elections Board AGAINST 7
Mitsubishi Motors Corp. 2026-06-18 Elect Director Tagawa, Joji Director Elections Board AGAINST 7
Mitsubishi Research Institute, Inc. 2025-12-17 Elect Director Yabuta, Kenji Director Elections Board AGAINST 7
Mizuho Financial Group, Inc. 2026-06-26 Elect Director Hitomi, Makoto Director Elections Board AGAINST 7
Mizuho Financial Group, Inc. 2026-06-26 Elect Director Uchida, Takakazu Director Elections Board AGAINST 7
Mobileye Global Inc. 2026-06-18 Advisory vote on executive compensation. Say-on-Pay Board AGAINST 7
Monde Nissin Corporation 2026-06-26 Elect Hartono Kweefanus as Director Director Elections Board ABSTAIN 7
Morinaga & Co., Ltd. 2026-06-26 Appoint Statutory Auditor Sano, Tomokazu Compensation Board AGAINST 7
Multiply Group PJSC 2025-11-10 Amend Article 8 of Company's Articles of Association to Reflect Changes in Capital Capital Structure Board AGAINST 7
Multiply Group PJSC 2025-11-10 Approve Acquisition of All Shares of Two Point Zero Holding RSC Limited Through a Capital Increase by Issuing 21,597,689,333 Shares Extraordinary Transactions Board AGAINST 7
Multiply Group PJSC 2025-11-10 Approve Acquisition of All the Shares of IHC Food Holding LLC and IHC Companies Management LLC in Ghitha Holding PJSC Through Issuing 1,765,936,964 Shares to the Vendors or any of their Subsidiaries, Related Allied or Sister Companies Extraordinary Transactions Board AGAINST 7
Multiply Group PJSC 2025-11-10 Approve Increase in Company's Issued Capital from AED 2,800,000,000 to 8,640,906,574 Through Issuance of 23,363,626,297 New Shares in Relation to the Acquisitions Extraordinary Transactions Board AGAINST 7
N-ABLE, INC. 2026-05-28 Elect Directors: Darryl Lewis Director Elections Board ABSTAIN 7
N-ABLE, INC. 2026-05-28 Elect Directors: James Cameron McMartin Director Elections Board ABSTAIN 7
N-ABLE, INC. 2026-05-28 Elect Directors: Michael Bingle Director Elections Board ABSTAIN 7
NAURA Technology Group Co., Ltd. 2025-12-08 Approve Draft and Summary of Employee Share Purchase Plan Compensation Board AGAINST 7
NAURA Technology Group Co., Ltd. 2025-12-08 Approve Management Method of Employee Share Purchase Plan Compensation Board AGAINST 7
NCR ATLEOS CORPORATION 2026-06-30 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to NCR Atleos Corporation's named executive officers that is based on or otherwise relates to the Mergers. Compensation Board AGAINST 7
NEPI Rockcastle NV 2026-05-13 Approve Remuneration Implementation Report Compensation Board AGAINST 7
NEUROCRINE BIOSCIENCES, INC. 2026-05-27 To approve an amendment of the Company's 2025 Equity Incentive Plan to increase the aggregate number of shares of common stock reserved for issuance thereunder by 4,000,000 shares. Compensation Board AGAINST 7
NOV INC. 2026-05-20 Election of Director for a term of one year: David D. Harrison Director Elections Board AGAINST 7
NOV INC. 2026-05-20 Election of Director for a term of one year: Marcela E. Donadio Director Elections Board AGAINST 7
NOV INC. 2026-05-20 Election of Director for a term of one year: William R. Thomas Director Elections Board AGAINST 7
NOV INC. 2026-05-20 To ratify the appointment of Ernst & Young LLP as independent auditors of the Company for 2026. Audit-related Board AGAINST 7
NSK Ltd. 2026-06-25 Elect Director Hayashi, Nobuhide Director Elections Board AGAINST 7
NSK Ltd. 2026-06-25 Elect Director Suzuki, Keita Director Elections Board AGAINST 7
National Bank of Canada 2026-04-24 SP 3: Adopt Performance-Aligned Compensation Policy Compensation Board AGAINST 7
National Storage REIT 2025-10-22 Approve Issuance of FY28 GRIP Performance Rights to Andrew Catsoulis Compensation Board AGAINST 7
Nemetschek SE 2026-05-21 Approve Management Board Remuneration Policy Compensation Board AGAINST 7
Nemetschek SE 2026-05-21 Approve Remuneration Report Compensation Board AGAINST 7
New World Development Company Limited 2025-11-20 Elect Cheng Chi-Ming, Brian as Director Director Elections Board AGAINST 7
Nexi SpA 2026-04-29 Approve Second Section of the Remuneration Report Compensation Board AGAINST 7
Nippon Life India Asset Management Limited 2026-01-09 Amend Reliance Nippon Life Asset Management Limited - Employee Stock Option Plan 2019 Compensation Board AGAINST 7
Nippon Shokubai Co., Ltd. 2026-06-19 Appoint Statutory Auditor Ueda, Kenichi Compensation Board AGAINST 7
Nissan Chemical Corp. 2026-06-25 Appoint Statutory Auditor Kawashima, Wataru Compensation Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Approve Stock Option Plan Compensation Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Hatano, Hiroaki Director Elections Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Ishihara, Ayako Director Elections Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Kunii, Hirofumi Director Elections Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Nojima, Hiroshi Director Elections Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Nukumori, Hajime Director Elections Board AGAINST 7
Nojima Co., Ltd. 2026-06-19 Elect Director Yamada, Ryuji Director Elections Board AGAINST 7
Northern Star Resources Limited 2025-11-18 Approve Issuance of FY26 STI Performance Rights to Stuart Tonkin Compensation Board AGAINST 7
NuScale Power Corporation 2026-05-29 Election of Directors: Stuart Harshaw Director Elections Board WITHHOLD 7
Nuh Cimento Sanayi AS 2026-03-14 Approve Director Remuneration Compensation Board AGAINST 7
Nuh Cimento Sanayi AS 2026-03-14 Elect Directors Director Elections Board AGAINST 7
OKTA, INC. 2026-06-18 To approve an amendment to our 2017 Equity Incentive Plan. Compensation Board AGAINST 7
OMV AG 2026-05-27 Elect Edith Hlawati as Supervisory Board Member Director Elections Board AGAINST 7
OPAL Fuels Inc. 2026-06-17 Election of Directors: Mark Comora, Chairman Director Elections Board WITHHOLD 7
OPAL Fuels Inc. 2026-06-17 Election of Directors: Nadeem Nisar Director Elections Board WITHHOLD 7
ORLEN SA 2025-10-28 Elect Supervisory Board Member Director Elections Board AGAINST 7
ORLEN SA 2025-10-28 Recall Supervisory Board Member Director Elections Board AGAINST 7
OTP Bank Nyrt 2026-04-17 Elect Tibor Tolnay as Audit Committee Member Director Elections Board AGAINST 7
OTP Bank Nyrt 2026-04-17 Elect Tibor Tolnay as Supervisory Board Member Director Elections Board AGAINST 7
OTP Bank Nyrt 2026-04-17 Receive Report on Share Repurchase Program; Authorize Share Repurchase Program Capital Structure Board AGAINST 7
OUE Real Estate Investment Trust 2026-04-20 Approve KPMG LLP as Independent Auditors and Authorize Manager to Fix Their Remuneration Audit-related Board AGAINST 7
Oberoi Realty Limited 2025-08-28 Approve Grant of Options to the Eligible Employees of the Group Companies, Including Associate Compay(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 7

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Built 2026-10-11 from SEC Form N-PX filings.