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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, 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

6,029 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 the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedVanguard votedFunds
Grupo Mateus SA April 29, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 6
Grupo Mateus SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Ilson Mateus Rodrigues Junior as Director Director Elections Board ABSTAIN 6
Grupo Mateus SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Ilson Mateus Rodrigues as Director Director Elections Board ABSTAIN 6
Grupo Mateus SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Jesuino Martins Borges Filho as Director Director Elections Board ABSTAIN 6
Grupo Mateus SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Roberto Diniz Junqueira Neto as Independent Director Director Elections Board ABSTAIN 6
Grupo Mateus SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Sergio Alexandre Figueiredo Clemente as Independent Director Director Elections Board ABSTAIN 6
Grupo Mexico S.A.B. de C.V. April 30, 2026 Elect and/or Ratify Directors; Verify Independence of Board Members; Elect or Ratify Chairs and Members of Board Committees Director Elections Board AGAINST 6
Gubra A/S March 26, 2026 Approve Guidelines for Incentive-Based Compensation for Executive Management and Board Compensation Board AGAINST 6
Gubre Fabrikalari TAS May 8, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Gubre Fabrikalari TAS May 8, 2026 Elect Directors Director Elections Board AGAINST 6
Gujarat Fluorochemicals Limited March 15, 2026 Approve Revision in Terms of Remuneration of Bir Kapoor as Deputy Managing Director Compensation Board AGAINST 6
H World Group Limited June 26, 2026 Elect Director Justin Martin Leverenz Director Elections Board AGAINST 6
HANDSOME Corp. March 24, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
HANIL CEMENT Co., Ltd. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
HAYWARD HOLDINGS, INC. May 21, 2026 Election of Director: Arthur Soucy Director Elections Board WITHHOLD 6
HAYWARD HOLDINGS, INC. May 21, 2026 Election of Director: Kevin Brown Director Elections Board WITHHOLD 6
HAYWARD HOLDINGS, INC. May 21, 2026 Election of Director: Lori Walker Director Elections Board WITHHOLD 6
HDC HOLDINGS Co., Ltd. March 26, 2026 Elect Doh Gi-tak as Inside Director Director Elections Board AGAINST 6
HDC HOLDINGS Co., Ltd. March 26, 2026 Elect Jeong Jin-taek as Outside Director to Serve as an Audit Committee Member Director Elections Board AGAINST 6
HELLENiQ ENERGY Holdings SA June 25, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 6
HERTZ GLOBAL HOLDINGS, INC. May 28, 2026 Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. Audit-related Board AGAINST 6
HEXCEL CORPORATION May 14, 2026 Approve the Hexcel Corporation Long-Term Incentive Plan. Compensation Board AGAINST 6
HIGHWOODS PROPERTIES, INC. May 12, 2026 Elect Directors: Anne H. Lloyd Director Elections Board ABSTAIN 6
HIGHWOODS PROPERTIES, INC. May 12, 2026 Elect Directors: Carlos E. Evans Director Elections Board ABSTAIN 6
HIGHWOODS PROPERTIES, INC. May 12, 2026 Elect Directors: Charles A. Anderson Director Elections Board ABSTAIN 6
HIGHWOODS PROPERTIES, INC. May 12, 2026 Elect Directors: David J. Hartzell Director Elections Board ABSTAIN 6
HIGHWOODS PROPERTIES, INC. May 12, 2026 Elect Directors: Theodore J. Klinck Director Elections Board ABSTAIN 6
HK inno.N Corp. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
HLB Life Science Co., Ltd. March 31, 2026 Approve Terms of Retirement Pay Compensation Board AGAINST 6
HLB Therapeutics Co., Ltd. March 27, 2026 Approve Terms of Retirement Pay Compensation Board AGAINST 6
HORMEL FOODS CORPORATION January 27, 2026 Election of Director: Gary C. Bhojwani Director Elections Board AGAINST 6
HORMEL FOODS CORPORATION January 27, 2026 Election of Director: Sally J. Smith Director Elections Board AGAINST 6
HORMEL FOODS CORPORATION January 27, 2026 Election of Director: Steven A. White Director Elections Board AGAINST 6
HORMEL FOODS CORPORATION January 27, 2026 Election of Director: William A. Newlands Director Elections Board AGAINST 6
HUBER+SUHNER AG April 1, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 6
HYUNDAI BIOSCIENCE Co., Ltd. August 1, 2025 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
HYUNDAI BIOSCIENCE Co., Ltd. August 1, 2025 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
HYUNDAI BIOSCIENCE Co., Ltd. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
HYUNDAI BIOSCIENCE Co., Ltd. March 26, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 6
HYUNDAI BIOSCIENCE Co., Ltd. March 26, 2026 Elect Kim Jin-seok as Outside Director Director Elections Board AGAINST 6
HYUNDAI HOME SHOPPING NETWORK Corp. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Haci Omer Sabanci Holding AS March 31, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Haci Omer Sabanci Holding AS March 31, 2026 Elect Directors Director Elections Board AGAINST 6
Hainan Airlines Holding Co., Ltd. December 17, 2025 Amend Management System for Shareholding Held by Major Shareholders, Directors and Senior Management Members and Its Change Compensation Board AGAINST 6
Hamakyorex Co., Ltd. June 17, 2026 Elect Director Osuka, Hidenori Director Elections Board AGAINST 6
Hanatour Service, Inc. March 27, 2026 Elect Song In-jun as Non-Independent Non-Executive Director Director Elections Board AGAINST 6
Hancom, Inc. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Hansol Chemical Co., Ltd. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Hansol Paper Co., Ltd. March 23, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Hanwa Co., Ltd. June 26, 2026 Elect Director and Audit Committee Member Takaba, Ryuichi Director Elections Board AGAINST 6
Hanwha Vision Co., Ltd. March 24, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6
Harmonic Drive Systems, Inc. June 19, 2026 Appoint Statutory Auditor Asano, Minoru Compensation Board AGAINST 6
Havas NV May 13, 2026 Approve Remuneration Report Compensation Board AGAINST 6
Havells India Ltd. June 19, 2026 Reelect Puneet Bhatia as Director Director Elections Board AGAINST 6
Havells India Ltd. June 19, 2026 Reelect Rajesh Kumar Gupta as Director Director Elections Board AGAINST 6
Havells India Ltd. June 19, 2026 Reelect T.V. Mohandas Pai as Director Director Elections Board AGAINST 6
Haw Par Corporation Limited April 23, 2026 Elect Wee Ee Chao as Director Director Elections Board AGAINST 6
Healius Limited October 30, 2025 Approve Conditional Spill Resolution Compensation Board AGAINST 6
Heilongjiang Agriculture Co., Ltd. April 15, 2026 Approve Optimizing the Performance Evaluation and Compensation Management Methods for Company Leaders Compensation Board AGAINST 6
Heineken Holding NV April 23, 2026 Elect C.A.G. de Carvalho as Non-Executive Director Director Elections Board AGAINST 6
Heineken Holding NV April 23, 2026 Reelect L.L.H. Brassey as Non-Executive Director Director Elections Board AGAINST 6
Hektas Ticaret TAS May 7, 2026 Appoint Auditor for Sustainability Reporting for 2024 and 2025 Audit-related Board AGAINST 6
Hektas Ticaret TAS May 7, 2026 Appoint Auditor for Sustainability Reporting for 2026 Audit-related Board AGAINST 6
Hektas Ticaret TAS May 7, 2026 Approve Director Remuneration Compensation Board AGAINST 6
Hektas Ticaret TAS May 7, 2026 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 6
Helia Group Ltd. May 7, 2026 Approve the Spill Resolution Compensation Board AGAINST 6
HelloFresh SE June 2, 2026 Approve Remuneration Report Compensation Board AGAINST 6
Hengli Petrochemical Co., Ltd. November 12, 2025 Approve Registration Application and Issuance of Debt Financing Instruments Capital Structure Board AGAINST 6
Hera SpA April 29, 2026 Approve Internal Auditors' Remuneration Compensation Board AGAINST 6
Hera SpA April 29, 2026 Approve Remuneration of Directors Compensation Board AGAINST 6
Hermes International SA April 17, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 6
Hermes International SA April 17, 2026 Approve Compensation of Axel Dumas, General Manager Compensation Board AGAINST 6
Hermes International SA April 17, 2026 Approve Compensation of Emile Hermes SAS, General Manager Compensation Board AGAINST 6
Hermes International SA April 17, 2026 Approve Remuneration Policy of General Managers Compensation Board AGAINST 6
Hexatronic Group AB May 12, 2026 Approve Remuneration Report Compensation Board AGAINST 6
Hindustan Petroleum Corporation Limited August 22, 2025 Reelect Amit Garg as Director Director Elections Board AGAINST 6
Hindustan Petroleum Corporation Limited August 22, 2025 Reelect Rajneesh Narang as Director Director Elections Board AGAINST 6
Hindustan Zinc Limited August 25, 2025 Elect Ashish Chatterjee as Director Director Elections Board AGAINST 6
Hindustan Zinc Limited August 25, 2025 Reelect Priya Agarwal as Director Director Elections Board AGAINST 6
Hioki E.E. Corp. February 26, 2026 Appoint Statutory Auditor Tomiyama, Kotomi Compensation Board AGAINST 6
Hisense Home Appliances Group Co., Ltd. June 25, 2026 Approve Grant of General Mandate to the Board to Issue Debt Financing Instruments Capital Structure Board AGAINST 6
Hochiki Corp. June 25, 2026 Elect Director Hosoi, Hajime Director Elections Board AGAINST 6
Hoegh Autoliners ASA May 27, 2026 Approve Remuneration Statement Compensation Board AGAINST 6
Hokuetsu Corp. June 26, 2026 Elect Director Kishimoto, Sekio Director Elections Board AGAINST 6
Hopson Development Holdings Limited June 30, 2026 Elect Au Wai Kin as Director Director Elections Board AGAINST 6
Hopson Development Holdings Limited June 30, 2026 Elect Ip Wai Lun, William as Director Director Elections Board AGAINST 6
Hopson Development Holdings Limited June 30, 2026 Elect Luo Taibin as Director Director Elections Board AGAINST 6
Hosiden Corp. June 25, 2026 Appoint Alternate Statutory Auditor Yoshinaga, Takayuki Compensation Board AGAINST 6
House Foods Group, Inc. June 24, 2026 Elect Director Urakami, Hiroshi Director Elections Board AGAINST 6
Hua Xia Bank Co., Ltd. June 25, 2026 Amend Remuneration Management Measures for Senior Management Members Compensation Board AGAINST 6
Hua Xia Bank Co., Ltd. June 25, 2026 Approve to Formulate the Remuneration of Directors Compensation Board AGAINST 6
Huadong Medicine Co., Ltd. July 16, 2025 Elect Wei Shuzhen as Director Director Elections Board AGAINST 6
Huaibei Mining Holdings Co., Ltd. September 23, 2025 Amend Remuneration Management System for Directors and Senior Management Members Compensation Board AGAINST 6
Huaxin Building Materials Group Co., Ltd. May 28, 2026 Approve Providing Guarantees for Subsidiaries Capital Structure Board AGAINST 6
Huizhou Desay SV Automotive Co., Ltd. November 12, 2025 Approve Formulation of Employee Share Purchase Plan Compensation Board AGAINST 6
Hunan Valin Steel Co., Ltd. June 15, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 6
Hundsun Technologies, Inc. September 9, 2025 Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan Compensation Board AGAINST 6
Hundsun Technologies, Inc. September 9, 2025 Approve Draft and Summary on Employee Share Purchase Plan Compensation Board AGAINST 6
Hundsun Technologies, Inc. September 9, 2025 Approve Management Measures for the Employee Share Purchase Plan Compensation Board AGAINST 6
Hyosung Chemical Corp. March 19, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 6

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Built October 18, 2026 from SEC Form N-PX filings.