Home › Asset managers › Vanguard › 2025-2026 › Against 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.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Vanguard voted | Funds |
|---|---|---|---|---|---|---|---|
| Kinepolis Group NV | May 13, 2026 | Reelect Pentascoop NV, Permanently Represented by Joost Bert, as Director | Director Elections | Board | AGAINST | 6 | |
| Kintetsu Department Store Co. Ltd. | May 26, 2026 | Appoint Alternate Statutory Auditor Nakakita, Makoto | Compensation | Board | AGAINST | 6 | |
| Kintetsu Department Store Co. Ltd. | May 26, 2026 | Appoint Statutory Auditor Shirakawa, Masaaki | Compensation | Board | AGAINST | 6 | |
| Kintetsu Department Store Co. Ltd. | May 26, 2026 | Elect Director Kajima, Takahiro | Director Elections | Board | AGAINST | 6 | |
| Kitanotatsujin Corp. | May 26, 2026 | Elect Director Kinoshita, Katsuhisa | Director Elections | Board | AGAINST | 6 | |
| Kizilbuk Gayrimenkul Yatirim Ortakligi AS | August 14, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Kizilbuk Gayrimenkul Yatirim Ortakligi AS | August 14, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| Kizilbuk Gayrimenkul Yatirim Ortakligi AS | June 18, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Klabin SA | April 7, 2026 | Amend Long-Term Incentive Plan Based on Units First Approved at the December 20, 2011, EGM | Compensation | Board | AGAINST | 6 | |
| Klabin SA | April 7, 2026 | Elect Directors (Slate 1 Proposed by Company's Management) | Director Elections | Board | AGAINST | 6 | |
| Klabin SA | April 7, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Alberto Klabin as Director and Maria Silvia Bastos Marques as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Amanda Klabin Tkacz as Director and Daniel Miguel Klabin as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Amaury Guilherme Bier as Independent Director and Victor Borges Leal Saragiotto as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Celso Lafer as Independent Director and Paulo Roberto Petterle as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Francisco Lafer Pati as Director and Antonio Sergio Alfano as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Horacio Lafer Piva as Director and Henrique Guaragna Marcondes as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Marcelo Mesquita de Siqueira Filho as Independent Director and Marcelo de Aguiar Oliveira as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Paulo Sergio Coutinho Galvao Filho as Director and Maria Eugenia Lafer Galvao as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Roberto Klabin Martins Xavier as Director and Lilia Klabin Levine as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Roberto Luiz Leme Klabin as Independent Director and Marcelo Bertini de Rezende Barbosa as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Vera Lafer as Director and Luis Eduardo Pereira de Carvalho as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Klabin SA | April 7, 2026 | Percentage of Votes to Be Assigned - Elect Wolff Klabin as Director and Pedro Silva de Queiroz as Alternate | Director Elections | Board (inferred) | ABSTAIN | 6 | |
| Kocaer Celik Sanayi ve Ticaret AS | June 4, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Kogan.com Limited | November 21, 2025 | Approve Conditional Board Spill Meeting Resolution | Compensation | Board | AGAINST | 6 | |
| Koito Manufacturing Co., Ltd. | June 26, 2026 | Elect Director Kato, Michiaki | Director Elections | Board | AGAINST | 6 | |
| Kojima Co., Ltd. | November 19, 2025 | Elect Alternate Director and Audit Committee Member Yamamiya, Shinichiro | Director Elections | Board | AGAINST | 6 | |
| Kojima Co., Ltd. | November 19, 2025 | Elect Director Nakazawa, Yuji | Director Elections | Board | AGAINST | 6 | |
| Kojima Co., Ltd. | November 19, 2025 | Elect Director and Audit Committee Member Aizawa, Mitsue | Director Elections | Board | AGAINST | 6 | |
| Kojima Co., Ltd. | November 19, 2025 | Elect Director and Audit Committee Member Mizunuma, Sadao | Director Elections | Board | AGAINST | 6 | |
| Kolmar Korea Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Kolon Industries, Inc. | March 31, 2026 | Elect Kim Min-tae as Inside Director | Director Elections | Board | AGAINST | 6 | |
| Kolon Industries, Inc. | March 31, 2026 | Elect Lee Byeong-in as Inside Director | Director Elections | Board | AGAINST | 6 | |
| Kolon Industries, Inc. | March 31, 2026 | Elect Woo Young-jin as Inside Director | Director Elections | Board | AGAINST | 6 | |
| Komipharm International Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Komori Corp. | June 17, 2026 | Elect Director and Audit Committee Member Nakatsu, Masaki | Director Elections | Board | AGAINST | 6 | |
| Konoike Transport Co., Ltd. | June 23, 2026 | Elect Director Konoike, Tadahiko | Director Elections | Board | AGAINST | 6 | |
| Kontron AG | June 30, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Korea Gas Corp. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Korea Gas Corp. | March 31, 2026 | Elect Yoo Jeong-pyo as Inside Director to Serve as an Audit Committee Member | Director Elections | Board | AGAINST | 6 | |
| Korean Reinsurance Co. | March 27, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Kose Holdings Corp. | March 27, 2026 | Appoint Statutory Auditor Nakade, Masato | Compensation | Board | AGAINST | 6 | |
| Koza Altin Isletmeleri AS | October 24, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Koza Altin Isletmeleri AS | October 24, 2025 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| Kubota Corp. | March 19, 2026 | Appoint Statutory Auditor Mori, Hideki | Compensation | Board | AGAINST | 6 | |
| Kubota Corp. | March 19, 2026 | Appoint Statutory Auditor Tsunematsu, Masashi | Compensation | Board | AGAINST | 6 | |
| Kurimoto Ltd. | June 25, 2026 | Appoint Alternate Statutory Auditor Shingu, Yoshiaki | Compensation | Board | AGAINST | 6 | |
| Kwang Dong Pharmaceutical Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Kweichow Moutai Co., Ltd. | June 11, 2026 | Approve to Formulate Management Measures for Remuneration and Performance Evaluation of Directors and Senior Management | Compensation | Board | AGAINST | 6 | |
| Kyodo Printing Co., Ltd. | June 25, 2026 | Appoint Statutory Auditor Arai, Taeko | Compensation | Board | AGAINST | 6 | |
| Kyoei Steel Ltd. | June 24, 2026 | Appoint Statutory Auditor Nakatani, Nobuaki | Compensation | Board | AGAINST | 6 | |
| Kyoei Steel Ltd. | June 24, 2026 | Appoint Statutory Auditor Sukegawa, Yasuhiro | Compensation | Board | AGAINST | 6 | |
| Kyokuto Kaihatsu Kogyo Co., Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Fujiwara, Kuniaki | Director Elections | Board | AGAINST | 6 | |
| Kyokuto Kaihatsu Kogyo Co., Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Kuriyama, Hiroaki | Director Elections | Board | AGAINST | 6 | |
| Kyokuto Kaihatsu Kogyo Co., Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Sakurai, Akira | Director Elections | Board | AGAINST | 6 | |
| Kyoritsu Maintenance Co., Ltd. | June 25, 2026 | Elect Director Nakamura, Koji | Director Elections | Board | AGAINST | 6 | |
| Kyosan Electric Manufacturing Co., Ltd. | June 24, 2026 | Appoint Statutory Auditor Onodera, Toru | Compensation | Board | AGAINST | 6 | |
| Kyushu Financial Group, Inc. | June 26, 2026 | Elect Director Koriyama, Akihisa | Director Elections | Board | AGAINST | 6 | |
| L&C BIO Co., Ltd. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| L1 Group Limited | November 18, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| LAM RESEARCH CORPORATION | November 4, 2025 | Approval of the adoption of the Lam 2025 Stock Incentive Plan. | Compensation | Board | AGAINST | 6 | |
| LAMAR ADVERTISING COMPANY | May 14, 2026 | Approval of an amendment and restatement of the Company's 2019 Employee Stock Purchase Plan. | Compensation | Board | AGAINST | 6 | |
| LANTHEUS HOLDINGS, INC. | April 30, 2026 | The approval, on an advisory basis, of the compensation paid to our named executive officers (commonly referred to as "say on pay"). | Compensation | Board | AGAINST | 6 | |
| LF Corp. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| LGI HOMES, INC. | April 23, 2026 | Elect Maria Renna Sharpe | Director Elections | Board | WITHHOLD | 6 | |
| LGI HOMES, INC. | April 23, 2026 | Elect Shailee Parikh | Director Elections | Board | WITHHOLD | 6 | |
| LIC Housing Finance Limited | January 8, 2026 | Elect Doraiswamy Ramachandran as Director | Director Elections | Board | AGAINST | 6 | |
| LINCOLN NATIONAL CORPORATION | May 28, 2026 | The ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2026. | Audit-related | Board | AGAINST | 6 | |
| LISI SA | April 24, 2026 | Approve Compensation of Emmanuel Viellard, CEO | Compensation | Board | AGAINST | 6 | |
| LISI SA | April 24, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| LISI SA | April 24, 2026 | Authorize Capital Issuances for Use in Employee Stock Purchase Plans | Compensation | Board | AGAINST | 6 | |
| LITALICO, Inc. (7366) | June 25, 2026 | Elect Director and Audit Committee Member Komuro, Yoshie | Director Elections | Board | AGAINST | 6 | |
| LONGi Green Energy Technology Co., Ltd. | December 26, 2025 | Approve Estimated Guarantee Amount Between Company and Subsidiaries | Capital Structure | Board | AGAINST | 6 | |
| LONGi Green Energy Technology Co., Ltd. | December 26, 2025 | Approve Provision of Guarantee to Xi'an LONGi Hydrogen Energy Technology Co., Ltd. | Capital Structure | Board | AGAINST | 6 | |
| LS Electric Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Compensation of Bernard Arnault, Chairman and CEO | Compensation | Board | AGAINST | 6 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 6 | |
| LX Holdings Corp. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Lagercrantz Group AB | August 26, 2025 | Reelect Fredrik Borjesson as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Lagercrantz Group AB | August 26, 2025 | Reelect Fredrik Borjesson as Director | Director Elections | Board | AGAINST | 6 | |
| Lagercrantz Group AB | August 26, 2025 | Reelect Malin Nordesjo as Director | Director Elections | Board | AGAINST | 6 | |
| Lakala Payment Co., Ltd. | December 24, 2025 | Approve Equity Transfer of Guangzhou Lakala Puhui Information Service Co., Ltd. | Extraordinary Transactions | Board | AGAINST | 6 | |
| Lakala Payment Co., Ltd. | December 24, 2025 | Approve Equity Transfer of Guangzhou Runxin Commercial Factoring Co., Ltd. | Extraordinary Transactions | Board | AGAINST | 6 | |
| Lakala Payment Co., Ltd. | December 24, 2025 | Approve Equity Transfer of Tibet Hongcheng Technology Development Co., Ltd. | Extraordinary Transactions | Board | AGAINST | 6 | |
| Lake Materials Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| LanzaTech Global, Inc. | July 28, 2025 | To approve an amendment to the Certificate of Incorporation to decrease the par value of the Common Stock from $0.0001 to $0.0000001 the "Par Value Proposal"). | Capital Structure | Board | AGAINST | 6 | |
| LanzaTech Global, Inc. | July 28, 2025 | [Reserved]. | Capital Structure | Board | AGAINST | 6 | |
| Lenzing AG | April 23, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Lenzing AG | April 23, 2026 | Reelect Gerhard Schwartz as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| Liberty Latin America Ltd. | June 23, 2026 | To approve the Liberty Latin America 2026 Incentive Plan. | Compensation | Board | AGAINST | 6 | |
| LigaChem Biosciences, Inc. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Linde India Limited | February 13, 2026 | Elect Milan Sadhukhan as Director and Approve Appointment and Remuneration of Milan Sadhukhan as Managing Director | Director Elections | Board | AGAINST | 6 | |
| Lingyi iTech (Guangdong) Co. | December 22, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Localiza Rent A Car SA | April 30, 2026 | Amend Long-Term Incentive Plans | Compensation | Board | AGAINST | 6 | |
| Localiza Rent A Car SA | April 30, 2026 | Elect Antonio de Padua Soares Policarpo as Fiscal Council Member and Juliano Lima Pinheiro as Alternate | Compensation | Board | ABSTAIN | 6 | |
| Logisnext Co., Ltd. | April 9, 2026 | Approve Reverse Stock Split to Squeeze Out Minority Shareholders | Extraordinary Transactions | Board | AGAINST | 6 | |
| Loomis AB | May 6, 2026 | Reelect Lars Blecko (Chair), Alf Goransson, Cecilia Daun Wennborg, Liv Forhaug, Johan Lundberg, Santiago Galaz and Marita Odelius as Directors | Director Elections | Board | AGAINST | 6 | |
| Lotte Corp. | March 24, 2026 | Elect Shin Dong-bin as Inside Director | Director Elections | Board | AGAINST | 6 | |
| Lotte Wellfood Co., Ltd. | March 20, 2026 | Elect Shin Dong-bin as Inside Director | Director Elections | Board | AGAINST | 6 |
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Built October 25, 2026 from SEC Form N-PX filings.