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 |
|---|---|---|---|---|---|---|---|
| Sanlorenzo SpA | April 24, 2026 | Approve 2026 Performance Shares Plan | Compensation | Board | AGAINST | 6 | |
| Sanlorenzo SpA | April 24, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Sanlorenzo SpA | April 24, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Sanrio Co., Ltd. | June 25, 2026 | Approve Trust-Type Equity Compensation Plan | Compensation | Board | ABSTAIN | 6 | |
| Sanrio Co., Ltd. | June 25, 2026 | Elect Director and Audit Committee Member Umezawa, Mayumi | Director Elections | Board | ABSTAIN | 6 | |
| Sanshin Electronics Co., Ltd. | June 19, 2026 | Elect Director Suzuki, Toshiro | Director Elections | Board | AGAINST | 6 | |
| Santec Holdings Corp. | June 24, 2026 | Approve Performance Share Plan and Restricted Stock Plan | Compensation | Board | AGAINST | 6 | |
| Sanyo Electric Railway Co., Ltd. | June 19, 2026 | Elect Director Uekado, Kazuhiro | Director Elections | Board | AGAINST | 6 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| Sartorius Stedim Biotech SA | March 24, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| Sasa Polyester Sanayi AS | May 5, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Sato Corp. | June 25, 2026 | Appoint Statutory Auditor Abe, Yoshimi | Compensation | Board | AGAINST | 6 | |
| Sato Corp. | June 25, 2026 | Appoint Statutory Auditor Ito, Masato | Compensation | Board | AGAINST | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Ahmed Al Oulaqi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Khalid Sulaymani as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Lubna Al Olayan as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Majid Al Suweegh as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Martin Powell as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Mohammed Al Maaraj as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Mohammed Al Omran as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Saad Al Fadhli as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Stuart Gulliver as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Awwal Bank | December 8, 2025 | Elect Sulayman Al Quweez as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Abdullah Al Abduljabbar as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Ahmed Al Harbi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Ahmed Al Humeedan as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Fahd Al Huweemani as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Fawaz Al Oteebi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Fawaz Al Rifaee as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Ghassan Al Thukeer as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Imad Hashim as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Khalid Al Ghamdi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Khalid Al Husan as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Khalid Sulaymani as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Majid Al Baddah as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Majid Al Daalouj as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Majid Fattah as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Mazin Al Rumeeh as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Mohammed Al Shamasi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Mohammed Hilmi as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Mohammed Qassab as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Muhannad Abou Al Majd as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Rakan Al Mousa as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Ranya Nashar as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Sabti Al Sabti as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Shakir Al Khunani as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Sulayman Al Omeeri as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Tariq Al Anqari as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Xavier Rolet as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Yazeed Al Humayid as Director | Director Elections | Board | ABSTAIN | 6 | |
| Saudi Tadawul Group Holding Co. | January 1, 2026 | Elect Zayd Al Katheeri as Director | Director Elections | Board | ABSTAIN | 6 | |
| Schindler Holding AG | March 24, 2026 | Approve Variable Remuneration of Directors in the Amount of CHF 5.5 Million | Compensation | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Approve Variable Remuneration of Executive Committee in the Amount of CHF 12.8 Million | Compensation | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Reelect Alfred Schindler as Director | Director Elections | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Reelect Carole Vischer as Director | Director Elections | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Reelect Guenter Schaeuble as Director | Director Elections | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Reelect Josef Ming as Director and Board Chair | Director Elections | Board | AGAINST | 6 | |
| Schindler Holding AG | March 24, 2026 | Reelect Tobias Staehelin as Director | Director Elections | Board | AGAINST | 6 | |
| Schouw & Co A/S | April 16, 2026 | Approve Guidelines for Incentive-Based Compensation for Executive Management and Board | Compensation | Board | AGAINST | 6 | |
| Schouw & Co A/S | April 16, 2026 | Reelect Jorgen Dencker Wisborg as Director | Director Elections | Board | ABSTAIN | 6 | |
| Schouw & Co A/S | April 16, 2026 | Reelect Kenneth Skov Eskildsen as Director | Director Elections | Board | ABSTAIN | 6 | |
| SeSa SpA | August 27, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| SeSa SpA | August 27, 2025 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Seazen Group Limited | May 8, 2026 | Approve Grant Thornton Hong Kong Limited as Auditor and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 6 | |
| Seazen Holdings Co. Ltd. | May 26, 2026 | Approve Guarantee Plan | Capital Structure | Board | AGAINST | 6 | |
| Sectra AB | September 9, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Seibu Holdings, Inc. | June 24, 2026 | Appoint Statutory Auditor Iida, Mitsuo | Compensation | Board | AGAINST | 6 | |
| Selcuk Ecza Deposu Ticaret ve Sanayi AS | March 27, 2026 | Appoint Auditor for Sustainability Reporting | Audit-related | Board | AGAINST | 6 | |
| Selcuk Ecza Deposu Ticaret ve Sanayi AS | March 27, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| Select Harvests Limited | February 17, 2026 | Approve the Spill Resolution | Compensation | Board | AGAINST | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Antonio Jose U. Periquet, Jr. as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Christopher Thomas C. Gotianun as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Herbert M. Consunji as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Jorge A. Consunji as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Josefa Consuelo C. Reyes as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Ma. Edwina C. Laperal as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Maria Cristina C. Gotianun as Director | Director Elections | Board | WITHHOLD | 6 | |
| Semirara Mining and Power Corporation | May 4, 2026 | Elect Nestor D. Dadivas as Director | Director Elections | Board | WITHHOLD | 6 | |
| Sendas Distribuidora SA | April 29, 2026 | Approve Remuneration of Company's Management | Compensation | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reappoint Felix Mayer as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reappoint Moritz Lechner as Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reelect Felix Mayer as Director and Board Co-Chair | Director Elections | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reelect Franz Studer as Director | Director Elections | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reelect Henri Mrejen as Director | Director Elections | Board | AGAINST | 6 | |
| Sensirion Holding AG | May 11, 2026 | Reelect Moritz Lechner as Director and Board Co-Chair | Director Elections | Board | AGAINST | 6 | |
| Seoul Semiconductor Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Seoul Semiconductor Co., Ltd. | June 25, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Shandong Gold Mining Co., Ltd. | September 19, 2025 | Approve Providing Guarantees Between Wholly-Owned Subsidiaries of Shanjin International | Capital Structure | Board | AGAINST | 6 | |
| Shandong Hi-speed Co., Ltd. | December 15, 2025 | Amend Operating Performance Evaluation and Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 6 | |
| Shandong Hi-speed Co., Ltd. | April 24, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Shandong Hi-speed Co., Ltd. | June 23, 2026 | Amend Performance Evaluation and Remuneration Management Measures for Directors and Senior Management Members (Trial) | Compensation | Board | AGAINST | 6 | |
| Shandong Linglong Tyre Co., Ltd. | May 19, 2026 | Approve Credit Line Application and Guarantee Matters | Capital Structure | Board | AGAINST | 6 | |
| Shandong Sunpaper Co., Ltd. | September 17, 2025 | Amend Dividends Management System | Capital Structure | Board | AGAINST | 6 | |
| Shanghai Bailian Group Co., Ltd. | June 17, 2026 | Approve Application for Unified Registration and Issuance of Debt Financing Instruments | Capital Structure | Board | AGAINST | 6 | |
| Shanghai Fudan Microelectronics Group Company Limited | December 2, 2025 | Approve Rules of the Management of Proceeds | Capital Structure | Board | AGAINST | 6 | |
| Shanghai Huace Navigation Technology Ltd. | May 8, 2026 | Approve Cooperation in Supply Chain Finance and External Guarantees | Capital Structure | Board | AGAINST | 6 | |
| Shanghai Lingang Holdings Corp., Ltd. | June 3, 2026 | Approve Financing Application | Capital Structure | Board | AGAINST | 6 |
← Previous Page 37 of 61 Next →
← Back to Vanguard 2025-2026 overview
Built November 7, 2026 from SEC Form N-PX filings.