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 |
|---|---|---|---|---|---|---|---|
| State Bank of India | May 15, 2026 | Elect Khurshed Rustom Dordi as Director | Director Elections | Board | ABSTAIN | 6 | |
| State Bank of India | May 15, 2026 | Elect Sandeep Natwarlal Shah as Director | Director Elections | Board | ABSTAIN | 6 | |
| State Bank of India | May 15, 2026 | Elect Sanjay Kapoor as Director | Director Elections | Board | ABSTAIN | 6 | |
| Stroeer SE & Co. KGaA | June 3, 2026 | Approve Management Board Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Stroeer SE & Co. KGaA | June 3, 2026 | Approve Stock Option Plan for Key Employees; Approve Creation of EUR 2.2 Million Pool of Conditional Capital to Guarantee Conversion Rights | Compensation | Board | AGAINST | 6 | |
| Studio Alice Co., Ltd. | May 28, 2026 | Elect Director Yamamoto, Masato | Director Elections | Board | AGAINST | 6 | |
| Studio Dragon Corp. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Subsea 7 SA | May 12, 2026 | Reelect Niels Kirk as Non-Executive Director | Director Elections | Board | AGAINST | 6 | |
| Suedzucker AG | July 17, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Sumitomo Pharma Co., Ltd. | June 25, 2026 | Elect Director Kimura, Toru | Director Elections | Board | AGAINST | 6 | |
| Summit Real Estate Holdings Ltd. | August 24, 2025 | Reappoint Brightman Almagor Zohar & Co. as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 6 | |
| Summit Real Estate Holdings Ltd. | August 24, 2025 | Reelect Ilan Reizner as Director | Director Elections | Board | AGAINST | 6 | |
| Sunac China Holdings Limited | September 9, 2025 | Adopt Employee Stock Ownership Plan | Compensation | Board | AGAINST | 6 | |
| Suning Universal Co., Ltd. | May 28, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Sunway Berhad | June 30, 2026 | Elect Jeffrey Cheah Fook Ling as Director | Director Elections | Board | AGAINST | 6 | |
| Supalai Public Company Limited | April 21, 2026 | Elect Ajchara Tangmatitham as Director | Director Elections | Board | AGAINST | 6 | |
| Suzhou Dongshan Precision Manufacturing Co., Ltd. | November 3, 2025 | Elect Xu Weidong as Independent Director | Director Elections | Board | AGAINST | 6 | |
| Suzhou New District Hi-Tech Industrial Co., Ltd. | December 12, 2025 | Approve Equity Disposal Passively Creating External Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Suzhou New District Hi-Tech Industrial Co., Ltd. | May 19, 2026 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 6 | |
| Suzhou New District Hi-Tech Industrial Co., Ltd. | May 19, 2026 | Approve Provision of Financing Guarantee | Capital Structure | Board | AGAINST | 6 | |
| Svenska Cellulosa AB SCA | March 27, 2026 | Reelect Asa Bergman as Director | Director Elections | Board | AGAINST | 6 | |
| Syndax Pharmaceuticals, Inc. | June 10, 2026 | To approve the Syndax Pharmaceuticals, Inc. 2026 Equity Incentive Plan. | Compensation | Board | AGAINST | 6 | |
| Synopex Inc. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| TAB Gida Sanayi ve Ticaret AS | June 2, 2026 | Appoint Auditor for Sustainability Reporting for 2026 | Audit-related | Board | AGAINST | 6 | |
| TAB Gida Sanayi ve Ticaret AS | June 2, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 6 | |
| TAB Gida Sanayi ve Ticaret AS | June 2, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 6 | |
| TAKUMA CO., LTD. | June 25, 2026 | Elect Director Hamada, Kunio | Director Elections | Board | AGAINST | 6 | |
| TAV Havalimanlari Holding AS | March 27, 2026 | Amend Article 6 Re: Capital Related | Capital Structure | Board | AGAINST | 6 | |
| TCL Technology Group Corp. | April 24, 2026 | Approve Provision of Guarantee by Controlled Subsidiaries to Their Consolidated Subsidiaries | Capital Structure | Board | AGAINST | 6 | |
| TCL Technology Group Corp. | April 24, 2026 | Approve Provision of Guarantee for Controlled Non-Public Companies and Their Subsidiaries as well as the Company's Investee Companies | Capital Structure | Board | AGAINST | 6 | |
| TCL Technology Group Corp. | April 24, 2026 | Approve Provision of Guarantee for Controlled Public Subsidiaries and Their Subsidiaries | Capital Structure | Board | AGAINST | 6 | |
| TDC SOFT, Inc. | June 26, 2026 | Elect Director Kobayashi, Hiroyoshi | Director Elections | Board | AGAINST | 6 | |
| TERADATA CORPORATION | May 14, 2026 | Election of Class I Director: Melissa B. Fisher | Director Elections | Board | AGAINST | 6 | |
| TERADATA CORPORATION | May 14, 2026 | Election of Class I Director: Stephen McMillan | Director Elections | Board | AGAINST | 6 | |
| TES Co., Ltd. | March 23, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| TG THERAPEUTICS, INC. | June 11, 2026 | Elect Michael S. Weiss | Director Elections | Board | WITHHOLD | 6 | |
| THE AES CORPORATION | April 29, 2026 | Ratification of the appointment of Ernst & Young LLP as the independent auditor of the Company for fiscal year 2026. | Audit-related | Board | AGAINST | 6 | |
| THE ANDERSONS, INC. | May 7, 2026 | Elect Directors: Gary A. Douglas | Director Elections | Board | ABSTAIN | 6 | |
| THE BOSTON BEER COMPANY, INC. | May 27, 2026 | Elect Directors: Meghan V. Joyce | Director Elections | Board | ABSTAIN | 6 | |
| THE BRINK'S COMPANY | April 28, 2026 | Approval of the Company's amended and restated 2024 Equity Incentive Plan. | Compensation | Board | AGAINST | 6 | |
| THE COOPER COMPANIES, INC. | April 7, 2026 | Approve, on a non-binding, advisory basis, the compensation of our Named Executive Officers. | Compensation | Board | AGAINST | 6 | |
| THE WENDY'S COMPANY | May 20, 2026 | Approve an amendment to the Company's 2020 Omnibus Award Plan to increase the number of shares of common stock available for issuance under the plan. | Compensation | Board | AGAINST | 6 | |
| THE WENDY'S COMPANY | May 20, 2026 | Election of Director: Arthur B. Winkleblack | Director Elections | Board | AGAINST | 6 | |
| THE WENDY'S COMPANY | May 20, 2026 | Election of Director: Richard H. Gomez | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Angela A. Sun | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Betsy D. Holden | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Devin B. McGranahan | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Jan Siegmund | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Jeffrey A. Joerres | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Martin I. Cole | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Michael A. Miles, Jr. | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Solomon D. Trujillo | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Election of director: Timothy P. Murphy | Director Elections | Board | AGAINST | 6 | |
| THE WESTERN UNION COMPANY | May 14, 2026 | Ratification of Selection of Ernst & Young LLP as our Independent Registered Public Accounting Firm for 2026 | Audit-related | Board | AGAINST | 6 | |
| TKG Huchems Co., Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| TOA Road Corp. | June 26, 2026 | Appoint Statutory Auditor Okawa, Tsutomu | Compensation | Board | AGAINST | 6 | |
| TOKAI RIKA CO., LTD. | June 12, 2026 | Appoint Statutory Auditor Shimizu, Hiroaki | Compensation | Board | AGAINST | 6 | |
| TOTO Ltd. | June 23, 2026 | Elect Director and Audit Committee Member Horikoshi, Hidekazu | Director Elections | Board | AGAINST | 6 | |
| TOTO Ltd. | June 23, 2026 | Elect Director and Audit Committee Member Yoshioka, Masayuki | Director Elections | Board | AGAINST | 6 | |
| TPG RE Finance Trust, Inc. | May 19, 2026 | Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. | Audit-related | Board | AGAINST | 6 | |
| TPR Co., Ltd. | June 23, 2026 | Appoint Statutory Auditor Manabe, Shinichi | Compensation | Board | AGAINST | 6 | |
| TPR Co., Ltd. | June 23, 2026 | Appoint Statutory Auditor Yamanaka, Eijiro | Compensation | Board | AGAINST | 6 | |
| TRIPADVISOR, INC. | June 29, 2026 | Elect Betsy L. Morgan | Director Elections | Board | WITHHOLD | 6 | |
| TRIPADVISOR, INC. | June 29, 2026 | Elect Jeremy Philips | Director Elections | Board | WITHHOLD | 6 | |
| TRIPADVISOR, INC. | June 29, 2026 | Elect Katryn (Trynka) Shineman Blake | Director Elections | Board | WITHHOLD | 6 | |
| TRIPADVISOR, INC. | June 29, 2026 | Elect Matt Goldberg | Director Elections | Board | WITHHOLD | 6 | |
| TRIPADVISOR, INC. | June 29, 2026 | Elect Robert S. Wiesenthal | Director Elections | Board | WITHHOLD | 6 | |
| TV TOKYO Holdings Corp. | June 18, 2026 | Elect Director Ishikawa, Ichiro | Director Elections | Board | AGAINST | 6 | |
| TWILIO INC. | June 16, 2026 | To approve the Twilio Inc. Amended and Restated 2016 Stock Option and Incentive Plan. | Compensation | Board | AGAINST | 6 | |
| Taekwang Industrial Co., Ltd. | March 31, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Taiheiyo Cement Corp. | June 26, 2026 | Appoint Statutory Auditor Matsui, Isao | Compensation | Board | AGAINST | 6 | |
| Taiheiyo Cement Corp. | June 26, 2026 | Elect Director Fushihara, Masafumi | Director Elections | Board | AGAINST | 6 | |
| Takaoka Toko Co., Ltd. | June 26, 2026 | Elect Director Ichinose, Takashi | Director Elections | Board | AGAINST | 6 | |
| Takaoka Toko Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Kokubo, Yoshitaka | Director Elections | Board | AGAINST | 6 | |
| Takaoka Toko Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Kozuka, Fumiharu | Director Elections | Board | AGAINST | 6 | |
| Takaoka Toko Co., Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Wakayama, Tatsuya | Director Elections | Board | AGAINST | 6 | |
| Taki Chemical Co., Ltd. | March 26, 2026 | Elect Director Taki, Katsuhiko | Director Elections | Board | AGAINST | 6 | |
| Tamburi Investment Partners SpA | April 29, 2026 | Approve Performance Share Plan TIP 2026/2028 | Compensation | Board | AGAINST | 6 | |
| Tamburi Investment Partners SpA | April 29, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| TaskUs, Inc. | October 8, 2025 | To adopt the Agreement and Plan of Merger, dated as of May 8, 2025 (the "Merger Agreement"), by and between Breeze Merger Corporation (the "Merger Corporation") and TaskUs, Inc. (the "Company"), and the transactions contemplated thereby, including the Merger (as defined herein). Pursuant to the Merger Agreement, the Merger Corporation will be merged with and into the Company (the "Merger") and the Company will continue as the surviving corporation, collectively owned, directly or indirectly, by (i) BCP FC Aggregator L.P., (ii) The Maddock 2015 Irrevocable Trust, The Bryce Maddock Family Trust, The Maddock 2015 Exempt Irrevocable Trust and Bryce Maddock, (iii) The Weir 2015 Irrevocable Trust, The Jaspar Weir Family Trust, The Weir 2015 Exempt Irrevocable Trust and Jaspar Weir and (iv) any other holders of continuing shares as provided in the Merger Agreement. | Extraordinary Transactions | Board | AGAINST | 6 | |
| Techno Ryowa Ltd. | June 25, 2026 | Elect Director Kato, Masaya | Director Elections | Board | AGAINST | 6 | |
| Technogym SpA | May 5, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Technogym SpA | May 5, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Technoprobe SpA | April 23, 2026 | Approve Restricted Shares Incentive Plan 2026-2029 | Compensation | Board | AGAINST | 6 | |
| Technoprobe SpA | April 23, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Technoprobe SpA | April 23, 2026 | Approve Special Award Incentive Plan | Compensation | Board | AGAINST | 6 | |
| Techwing, Inc. | March 24, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Teikoku Sen-I Co., Ltd. | March 27, 2026 | Appoint Alternate Statutory Auditor Isogai, Takeshi | Compensation | Board | AGAINST | 6 | |
| Teikoku Sen-I Co., Ltd. | March 27, 2026 | Appoint Statutory Auditor Kikuno, Tomoyasu | Compensation | Board | AGAINST | 6 | |
| Teikoku Sen-I Co., Ltd. | March 27, 2026 | Elect Director Masutani, Toru | Director Elections | Board | AGAINST | 6 | |
| Thai Beverage Public Company Limited | January 30, 2026 | Elect Charoen Sirivadhanabhakdi as Director | Director Elections | Board | AGAINST | 6 | |
| Thai Oil Public Company Limited | April 8, 2026 | Approve EY Office Limited as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 6 | |
| The Awa Bank Ltd. | June 26, 2026 | Elect Director Nagaoka, Susumu | Director Elections | Board | AGAINST | 6 | |
| The Bank of Iwate Ltd. | June 24, 2026 | Elect Director Iwayama, Toru | Director Elections | Board | AGAINST | 6 | |
| The Bank of Iwate Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Maeda, Chikako | Director Elections | Board | AGAINST | 6 | |
| The Bank of Iwate Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Matsumoto, Shinichi | Director Elections | Board | AGAINST | 6 | |
| The Bank of Iwate Ltd. | June 24, 2026 | Elect Director and Audit Committee Member Matsuzawa, Kazumi | Director Elections | Board | AGAINST | 6 | |
| The Bank of Nagoya Ltd. | June 26, 2026 | Elect Director Fujiwara, Ichiro | Director Elections | Board | AGAINST | 6 | |
| The Bank of Nagoya Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Kondo, Katsuaki | Director Elections | Board | AGAINST | 6 | |
| The Bank of Nagoya Ltd. | June 26, 2026 | Elect Director and Audit Committee Member Watanabe, Yutaka | Director Elections | Board | AGAINST | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.