Home › Asset managers › Vanguard › 2025-2026 › Against the board
At least 6,029 proposals in the 2025-2026 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 29 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
6,029 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 |
|---|---|---|---|---|---|---|---|
| Prosegur Compania de Seguridad SA | April 30, 2026 | Reelect Natalia Gamero del Castillo Calleja as Director | Director Elections | Board | AGAINST | 6 | |
| Protector Forsikring ASA | September 8, 2025 | Elect Hakon Astrup as Director | Director Elections | Board | AGAINST | 6 | |
| Proximus SA | April 15, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Proximus SA | April 15, 2026 | Authorize Repurchase of Issued Share Capital | Capital Structure | Board | AGAINST | 6 | |
| Public Power Corp. SA | June 22, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Public Power Corp. SA | June 22, 2026 | Approve Profit Sharing Plan | Compensation | Board | AGAINST | 6 | |
| Puig Brands SA | May 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Punjab National Bank | June 20, 2026 | Approve Appointment of Amit Kumar Srivastava as Executive Director | Compensation | Board | AGAINST | 6 | |
| Punjab National Bank | June 20, 2026 | Approve Extension of M. Paramasivam as Executive Director | Compensation | Board | AGAINST | 6 | |
| Punjab National Bank | June 20, 2026 | Elect D. Anandan as Director | Director Elections | Board | AGAINST | 6 | |
| QUAKER HOUGHTON | May 13, 2026 | Election of Director: Charlotte C. Henry | Director Elections | Board | AGAINST | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Ann D. Rhoads | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Edward L. Michael | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Evelyn S. Dilsaver | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Joseph D. Wilkins Jr. | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Kenneth F. Buechler | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Kenneth J. Widder | Director Elections | Board | WITHHOLD | 6 | |
| QUIDELORTHO CORPORATION | June 16, 2026 | Elect Mary Lake Polan | Director Elections | Board | WITHHOLD | 6 | |
| Quants Research Institute Holdings, Inc. | December 23, 2025 | Elect Director Sagami, Shunsaku | Director Elections | Board | AGAINST | 6 | |
| Quzhou Xin'an Development Co., Ltd. | September 15, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| RCS MediaGroup SpA | May 7, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| RCS MediaGroup SpA | May 7, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| REGAL REXNORD CORPORATION | April 28, 2026 | Advisory vote on the compensation of the company's named executive officers as disclosed in the company's proxy statement. | Compensation | Board | AGAINST | 6 | |
| REIT 1 Ltd. | November 6, 2025 | Approve Extended Compensation Policy for the Directors and Officers of the Company | Compensation | Board | AGAINST | 6 | |
| REIT 1 Ltd. | February 10, 2026 | Reelect Yekutiel Gavish as Director | Director Elections | Board | AGAINST | 6 | |
| ROGERS CORPORATION | May 6, 2026 | Elect Directors: Megan Faust | Director Elections | Board | ABSTAIN | 6 | |
| ROUND ONE Corp. | June 27, 2026 | Elect Director Sugino, Masahiko | Director Elections | Board | AGAINST | 6 | |
| Raffles Medical Group Ltd. | April 24, 2026 | Approve Allotment and Issuance of Shares Under the Raffles Medical Group Share-Based Incentive Schemes | Compensation | Board | AGAINST | 6 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Abhishek Kumar as Director | Director Elections | Board | AGAINST | 6 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Mritunjay Pratap Singh as Director | Director Elections | Board | AGAINST | 6 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Elect Prem Sagar Gupta as Director | Director Elections | Board | AGAINST | 6 | |
| Rail Vikas Nigam Limited | August 28, 2025 | Reelect N.C. Karmali as Director | Director Elections | Board | AGAINST | 6 | |
| Rakuten Bank Ltd. | June 24, 2026 | Elect Director Torin, Tomotaka | Director Elections | Board | AGAINST | 6 | |
| Ral Yatirim Holding AS | April 9, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Ral Yatirim Holding AS | April 9, 2026 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| Ramsay Health Care Limited | November 25, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Rational AG | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Ratos AB | March 25, 2026 | Reelect Jan Soderberg as Director | Director Elections | Board | AGAINST | 6 | |
| Ratos AB | March 25, 2026 | Reelect Per-Olof Soderberg (Chair) as Director | Director Elections | Board | AGAINST | 6 | |
| Recruit Holdings Co., Ltd. | June 24, 2026 | Appoint Statutory Auditor Nishimura, Takashi | Compensation | Board | AGAINST | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Approve Remuneration of Company's Management | Compensation | Board | AGAINST | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Elect Fiscal Council Members | Compensation | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Elect Heraclito de Brito Gomes Junior as Board Vice-Chair | Director Elections | Board | AGAINST | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Elect Jorge Neval Moll Filho as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Andre Francisco Junqueira Moll as Director and Paulo Manuel de Barros Bernardes as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Fernanda Freire Tovar Mollv as Director and Renata Junqueira Moll Bernardes as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Heraclito de Brito Gomes Junior as Director and Paulo Junqueira Moll as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Jorge Neval Moll Filho as Director and Jorge Neval Moll Neto as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Pedro Junqueira Moll as Director and Alice Junqueira Moll as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Roberto Martins de Souza as Independent Director | Director Elections | Board | ABSTAIN | 6 | |
| Rede D'Or Sao Luiz SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Wolfgang Stephan Schwerdtle as Independent Director and Gustavo Cellet Marques as Alternate | Director Elections | Board | ABSTAIN | 6 | |
| Reece Limited | November 21, 2025 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 6 | |
| Reliance Worldwide Corporation Limited | October 22, 2025 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 6 | |
| Rengo Co., Ltd. | June 26, 2026 | Elect Director Kawamoto, Yosuke | Director Elections | Board | AGAINST | 6 | |
| Reply SpA | April 23, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Reply SpA | April 23, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Restar Corp. | June 26, 2026 | Elect Director Konno, Kunihiro | Director Elections | Board | AGAINST | 6 | |
| Reysas Gayrimenkul Yatirim Ortakligi AS | April 29, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Ridley Corporation Limited | November 19, 2025 | Approve Issuance Performance Rights under the Special Purpose Retention Incentive Plan to Quinton Hildebrand | Compensation | Board | AGAINST | 6 | |
| Riken Keiki Co., Ltd. | June 25, 2026 | Elect Director Matsumoto, Tetsuya | Director Elections | Board | AGAINST | 6 | |
| Riken Technos Corp. | June 19, 2026 | Elect Director Tokiwa, Kazuaki | Director Elections | Board | AGAINST | 6 | |
| Riken Technos Corp. | June 19, 2026 | Elect Director and Audit Committee Member Ehara, Shigeru | Director Elections | Board | AGAINST | 6 | |
| Riken Technos Corp. | June 19, 2026 | Elect Director and Audit Committee Member Oba, Minoru | Director Elections | Board | AGAINST | 6 | |
| RiseSun Real Estate Development Co., Ltd. | December 29, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Riso Kyoiku Group Corp. | May 22, 2026 | Appoint Statutory Auditor Noto, Kazunori | Compensation | Board | AGAINST | 6 | |
| Riso Kyoiku Group Corp. | May 22, 2026 | Elect Director Tembo, Masahiko | Director Elections | Board | AGAINST | 6 | |
| Riyad Bank | October 28, 2025 | Elect Abdullah Al Issa as Director | Director Elections | Board | ABSTAIN | 6 | |
| Riyad Bank | October 28, 2025 | Elect Amr Al Madhi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Riyad Bank | October 28, 2025 | Elect Mansour Al Mansour as Director | Director Elections | Board | ABSTAIN | 6 | |
| Riyad Bank | October 28, 2025 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 6 | |
| Riyad Bank | October 28, 2025 | Elect Yasir Al Salman as Director | Director Elections | Board | ABSTAIN | 6 | |
| Robertet SA | June 3, 2026 | Approve Compensation of Philippe Maubert, Chairman of the Board | Compensation | Board | AGAINST | 6 | |
| Robertet SA | June 3, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| S&S TECH Corp. | March 25, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| S.F. Holding Co., Ltd. | May 8, 2026 | Approve Estimated Cap for Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| SAM CHUN DANG PHARM Co., Ltd. | July 30, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SAM CHUN DANG PHARM Co., Ltd. | March 30, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SAMYANG FOODS Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SAN-A CO., LTD. | May 26, 2026 | Elect Director Toyoda, Taku | Director Elections | Board | AGAINST | 6 | |
| SAREPTA THERAPEUTICS, INC. | June 4, 2026 | Approve the Company's 2026 Equity Incentive Plan | Compensation | Board | AGAINST | 6 | |
| SCHNEIDER NATIONAL, INC. | April 30, 2026 | Approval of amended and restated 2017 Schneider National, Inc. Omnibus Incentive Compensation Plan. | Compensation | Board | AGAINST | 6 | |
| SCIENCE APPLICATIONS INTERNATIONAL CORP | June 3, 2026 | The approval of a non-binding, advisory vote on executive compensation. | Compensation | Board | AGAINST | 6 | |
| SCREEN Holdings Co., Ltd. | June 26, 2026 | Appoint Statutory Auditor Miyagawa, Akihiko | Compensation | Board | AGAINST | 6 | |
| SDIC Capital Co., Ltd. | December 5, 2025 | Approve Performance Appraisal and Bonus Payment for the Chairman and Relevant Directors | Compensation | Board | AGAINST | 6 | |
| SDIC Capital Co., Ltd. | June 3, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| SEB SA | May 12, 2026 | Approve Compensation of Thierry de La Tour d'Artaise, Chairman of the Board | Compensation | Board | AGAINST | 6 | |
| SEBANG GLOBAL BATTERY Co., Ltd. | March 27, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SEOJIN SYSTEM Co., Ltd. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SFS Group AG | April 22, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| SFS Group AG | April 22, 2026 | Reelect Fabian Tschan as Director | Director Elections | Board | AGAINST | 6 | |
| SHIFT UP Corp. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SIG Group AG | April 16, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| SILICON 2 Co., Ltd. | March 30, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SIMMTECH Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| SIRIUS XM HOLDINGS INC. | May 28, 2026 | Elect Directors: Eddy W. Hartenstein | Director Elections | Board | ABSTAIN | 6 | |
| SIRIUS XM HOLDINGS INC. | May 28, 2026 | Elect Directors: Evan D. Malone | Director Elections | Board | ABSTAIN | 6 | |
| SIRIUS XM HOLDINGS INC. | May 28, 2026 | Elect Directors: Jennifer C. Witz | Director Elections | Board | ABSTAIN | 6 | |
| SIRIUS XM HOLDINGS INC. | May 28, 2026 | Elect Directors: Jonelle Procope | Director Elections | Board | ABSTAIN | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.