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 |
|---|---|---|---|---|---|---|---|
| Mie Kotsu Group Holdings, Inc. | June 18, 2026 | Elect Director and Audit Committee Member Kasamatsu, Hiroyuki | Director Elections | Board | AGAINST | 6 | |
| Mie Kotsu Group Holdings, Inc. | June 18, 2026 | Elect Director and Audit Committee Member Koichi, Toyoshi | Director Elections | Board | AGAINST | 6 | |
| Mie Kotsu Group Holdings, Inc. | June 18, 2026 | Elect Director and Audit Committee Member Yamanaka, Toshiyuki | Director Elections | Board | AGAINST | 6 | |
| Migros Ticaret AS | April 13, 2026 | Amend Article 7 Re: Capital Related | Capital Structure | Board | AGAINST | 6 | |
| Mineral Resources Limited | November 20, 2025 | Approve Conditional Board Spill Meeting Resolution | Compensation | Board | AGAINST | 6 | |
| Ministop Co., Ltd. | May 22, 2026 | Appoint Statutory Auditor Watanabe, Naomi | Compensation | Board | AGAINST | 6 | |
| Ministop Co., Ltd. | May 22, 2026 | Elect Director Hotta, Masashi | Director Elections | Board | AGAINST | 6 | |
| Mirai Industry Co., Ltd. | June 17, 2026 | Elect Director Nakashima, Yasushi | Director Elections | Board | AGAINST | 6 | |
| Miroku Jyoho Service Co., Ltd. | June 26, 2026 | Appoint Alternate Statutory Auditor Inoue, Shin | Compensation | Board | AGAINST | 6 | |
| Miroku Jyoho Service Co., Ltd. | June 26, 2026 | Appoint Alternate Statutory Auditor Ofuchi, Hiroyoshi | Compensation | Board | AGAINST | 6 | |
| Miroku Jyoho Service Co., Ltd. | June 26, 2026 | Elect Director Koreda, Hiroki | Director Elections | Board | AGAINST | 6 | |
| Mitsubishi Logistics Corp. | June 26, 2026 | Elect Director Fujikura, Masao | Director Elections | Board | AGAINST | 6 | |
| Mitsubishi Pencil Co., Ltd. | March 26, 2026 | Appoint Statutory Auditor Murakami, Emi | Compensation | Board | AGAINST | 6 | |
| Mitsui O.S.K. Lines, Ltd. | June 25, 2026 | Appoint Statutory Auditor Shinoda, Toshinobu | Compensation | Board | AGAINST | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Abdulrazaq Razouqi as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Amir Al Shahoumi as a Non-Executive Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Badr Al Qattan as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Fahd Al Mukhayzeem as a Non-Executive Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Ghassan Al Hashar as a Non-Executive Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Hamoud Al Sabah as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Khalid Al Thakeer as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Mahmoud Rasheed as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Marwan Salamah as a Non-Executive Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Mishari Al Hajri as a Non-Executive Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Munthir Al Omani as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Musaid Al Mutawaa as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Mobile Telecommunications Co. KSCP | April 7, 2026 | Elect Saad Al Nahidh as an Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Modern Times Group MTG AB | May 21, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Moncler SpA | April 21, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Montage Technology Co., Ltd. | December 26, 2025 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 6 | |
| Morinaga Milk Industry Co., Ltd. | June 25, 2026 | Appoint Statutory Auditor Yamada, Hiroshi | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Advance Payment for Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Auditors and Fix Their Remuneration | Audit-related | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Profit Distribution to Board Members and Management | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Profit Distribution to Company Personnel | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 6 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Elect Members of Audit Committee (Bundled) | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Ana Paula Kaminitz Peres as Director | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Eduardo Kaminitz Peres as Director | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Isaac Peres as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Isaac Peres as Director | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Elect Jose Paulo Ferraz do Amaral as Director | Director Elections | Board | AGAINST | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Ana Paula Kaminitz Peres as Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Antonio Paulo Carvalho Pierotti as Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Eduardo Kaminitz Peres as Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Gustavo Henrique de Barroso Franco as Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Jose Isaac Peres as Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Jose Paulo Ferraz do Amaral as Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiplan Empreendimentos Imobiliarios SA (Rio de Janeiro) | March 27, 2026 | Percentage of Votes to Be Assigned - Elect Leonardo Porciuncula Gomes Pereira as Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Multiply Group PJSC | September 1, 2025 | Elect Two Members to the Company's Board of Directors | Director Elections | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Reelect Anders Lindqvist as Director | Director Elections | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Reelect Kristian Sildeby as Director | Director Elections | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Reelect Magnus Nicolin as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Munters Group AB | April 30, 2026 | Reelect Magnus Nicolin as Director | Director Elections | Board | AGAINST | 6 | |
| Murakami Corp. | June 25, 2026 | Appoint Statutory Auditor Nagakura, Masahiko | Compensation | Board | AGAINST | 6 | |
| Muyuan Foods Co., Ltd. | December 25, 2025 | Approve Provision of Guarantee for Purchase of Raw Materials for Subsidiary | Capital Structure | Board | AGAINST | 6 | |
| Muyuan Foods Co., Ltd. | December 25, 2025 | Approve Provision of Guarantee for the Company and Controlled Subsidiary | Capital Structure | Board | AGAINST | 6 | |
| Muyuan Foods Co., Ltd. | May 13, 2026 | Approve Provision of Guarantees for Raw Material Procurement Payments of Subsidiaries | Capital Structure | Board | AGAINST | 6 | |
| Myer Holdings Limited | December 11, 2025 | Elect Gary Weiss as Director | Director Elections | Board | AGAINST | 6 | |
| NATURECELL Co., Ltd. | March 31, 2026 | Authorize Board to Fix Remuneration of Internal Auditor(s) | Compensation | Board | AGAINST | 6 | |
| NCAB Group AB | May 7, 2026 | Reelect Anders Lindqvist as Director | Director Elections | Board | AGAINST | 6 | |
| NEC Capital Solutions Ltd. | June 26, 2026 | Appoint Statutory Auditor Koizumi, Yoshiyuki | Compensation | Board | AGAINST | 6 | |
| NEOWIZ | March 27, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| NEUROCRINE BIOSCIENCES, INC. | May 27, 2026 | 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 | 6 | |
| NEWELL BRANDS INC. | May 7, 2026 | Approve an advisory resolution on named executive officer compensation. | Compensation | Board | AGAINST | 6 | |
| NEWELL BRANDS INC. | May 7, 2026 | Approve the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. | Audit-related | Board | AGAINST | 6 | |
| NEWELL BRANDS INC. | May 7, 2026 | Election of Director: Bridget Ryan Berman | Director Elections | Board | AGAINST | 6 | |
| NEWELL BRANDS INC. | May 7, 2026 | Election of Director: Gerardo I. Lopez | Director Elections | Board | AGAINST | 6 | |
| NEWELL BRANDS INC. | May 7, 2026 | Election of Director: Patrick D. Campbell | Director Elections | Board | AGAINST | 6 | |
| NEXEN TIRE Corp. | March 26, 2026 | Approve Terms of Retirement Pay | Compensation | Board | AGAINST | 6 | |
| NEXON Co., Ltd. | March 25, 2026 | Approve Deep Discount Stock Option Plan | Compensation | Board | AGAINST | 6 | |
| NEXTIN, Inc. | March 24, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| NEXTIN, Inc. | March 24, 2026 | Authorize Board to Fix Remuneration of Internal Auditor(s) | Compensation | Board | AGAINST | 6 | |
| NHN Corp. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| NHPC Limited | August 30, 2025 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 6 | |
| NHPC Limited | August 30, 2025 | Elect Suprakash Adhikari as Director | Director Elections | Board | AGAINST | 6 | |
| NICE Holdings Co., Ltd. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| NICHIDEN Corp. | June 19, 2026 | Elect Director and Audit Committee Member Kito, Yoshiko | Director Elections | Board | AGAINST | 6 | |
| NIPPON KANZAI Holdings Co., Ltd. | June 24, 2026 | Elect Director Fukuda, Shintaro | Director Elections | Board | AGAINST | 6 | |
| NIPPON RIETEC CO., LTD. | June 25, 2026 | Elect Alternate Director and Audit Committee Member Akeboshi, Hisao | Director Elections | Board | AGAINST | 6 | |
| NIPPON RIETEC CO., LTD. | June 25, 2026 | Elect Director and Audit Committee Member Jin, Sanae | Director Elections | Board | AGAINST | 6 | |
| NIPPON RIETEC CO., LTD. | June 25, 2026 | Elect Director and Audit Committee Member Kanai, Mutsumi | Director Elections | Board | AGAINST | 6 | |
| NMDC Group PJSC | March 5, 2026 | Approve Remuneration of Directors for FY 2025 | Compensation | Board | AGAINST | 6 | |
| NMDC Limited | August 28, 2025 | Elect Amitava Mukherjee as Director and Approve Appointment of Amitava Mukherjee as Chairman and Managing Director | Director Elections | Board | AGAINST | 6 | |
| NMDC Limited | August 28, 2025 | Elect Ashish Chatterjee as Director | Director Elections | Board | AGAINST | 6 | |
| NMDC Limited | August 28, 2025 | Elect Priyadarshini Gaddam as Director | Director Elections | Board | AGAINST | 6 | |
| NMDC Limited | August 28, 2025 | Reelect Vinay Kumar as Director | Director Elections | Board | AGAINST | 6 | |
| NMDC Limited | August 28, 2025 | Reelect Vishwanath Suresh as Director | Director Elections | Board | AGAINST | 6 | |
| NORFOLK SOUTHERN CORPORATION | November 14, 2025 | To approve, on a non-binding advisory basis, the compensation that may be paid or become payable to the named executive officers of Norfolk Southern in connection with the transactions contemplated by the merger agreement. | Compensation | Board | AGAINST | 6 | |
| NORTHERN OIL AND GAS, INC. | May 21, 2026 | Elect Directors: Bahram Akradi | Director Elections | Board | ABSTAIN | 6 | |
| NORTHERN OIL AND GAS, INC. | May 21, 2026 | Elect Directors: Lisa Bromiley | Director Elections | Board | ABSTAIN | 6 | |
| NORTHERN OIL AND GAS, INC. | May 21, 2026 | Elect Directors: Michael Frantz | Director Elections | Board | ABSTAIN | 6 | |
| NOS SGPS SA | April 22, 2026 | Amend Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| NOVANTA INC. | May 28, 2026 | Approval, on an advisory (non-binding) basis, of the Company's executive compensation. | Compensation | Board | AGAINST | 6 | |
| NOVANTA INC. | May 28, 2026 | Election of Director: Darlene J.S. Solomon, Ph.D. | Director Elections | Board | WITHHOLD | 6 |
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Built October 25, 2026 from SEC Form N-PX filings.