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 |
|---|---|---|---|---|---|---|---|
| UMS Integration Limited | April 30, 2026 | Adopt UMS Employee Share Option Scheme 2026 | Compensation | Board | AGAINST | 6 | |
| UMS Integration Limited | April 30, 2026 | Approve Grant of Options at a Discount under the UMS Employee Share Option Scheme 2026 | Compensation | Board | AGAINST | 6 | |
| UNID Co., Ltd. | March 19, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| UNIQA Insurance Group AG | June 9, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| UNISOL Holdings Corp. | March 27, 2026 | Elect Director and Audit Committee Member Fujii, Taketsugu | Director Elections | Board | AGAINST | 6 | |
| Uchida Yoko Co., Ltd. | October 11, 2025 | Appoint Statutory Auditor Hayashi, Toshiji | Compensation | Board | AGAINST | 6 | |
| Union Tool Co. | March 26, 2026 | Appoint Alternate Statutory Auditor Kamiya, Mikinori | Compensation | Board | AGAINST | 6 | |
| United Internet AG | May 21, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Matthew T. Moroun | Director Elections | Board | WITHHOLD | 6 | |
| Universal Logistics Holdings, Inc. | April 29, 2026 | To elect 9 directors for the coming year: Tim Phillips | Director Elections | Board | WITHHOLD | 6 | |
| VEECO INSTRUMENTS INC. | May 7, 2026 | Elect Directors: Gordon Hunter | Director Elections | Board | ABSTAIN | 6 | |
| VEECO INSTRUMENTS INC. | May 7, 2026 | Elect Directors: Kathleen A. Bayless | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Beatrice Hamza Bassey | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Candace K. Beinecke | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Daniel R. Tisch | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: David M. Mandelbaum | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Mandakini Puri | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Michael D. Fascitelli | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Russell B. Wight, Jr. | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: Steven Roth | Director Elections | Board | ABSTAIN | 6 | |
| VORNADO REALTY TRUST | May 21, 2026 | Elect Directors: William W. Helman IV | Director Elections | Board | ABSTAIN | 6 | |
| VT Co., Ltd. | March 27, 2026 | Elect Kim Sang-woo as Outside Director | Director Elections | Board | AGAINST | 6 | |
| Valor Estate Limited | September 30, 2025 | Approve Reappointment and Remuneration of Vinod K. Goenka as Executive Chairman cum Managing Director | Compensation | Board | AGAINST | 6 | |
| Valor Estate Limited | April 19, 2026 | Approve Appointment and Remuneration of Arshad Balwa as President - Acquisitions and Operations to hold the Office or Place of Profit | Compensation | Board | AGAINST | 6 | |
| Varun Beverages Limited | April 1, 2026 | Approve Continuation of Directorship of Abhiram Seth as a Non-Executive Independent Director | Director Elections | Board | AGAINST | 6 | |
| Veidekke ASA | May 6, 2026 | Approve Remuneration Statement; Approve Guidelines for Compensation for Executive Management | Compensation | Board | AGAINST | 6 | |
| Verallia SA | April 24, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| Verallia SA | April 24, 2026 | Elect Pedro Barandas as Representative of Employee Shareholders to the Board | Director Elections | Board | AGAINST | 6 | |
| Verbio SE | December 5, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Verisilicon Microelectronics (Shanghai) Co., Ltd. | July 30, 2025 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 6 | |
| Verisure Plc | April 23, 2026 | Reelect Adrien Motte as Director | Director Elections | Board | AGAINST | 6 | |
| Verisure Plc | April 23, 2026 | Reelect Henry Ormond as Director | Director Elections | Board | AGAINST | 6 | |
| Verisure Plc | April 23, 2026 | Reelect Stefan Goetz as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Verisure Plc | April 23, 2026 | Reelect Stefan Goetz as Director | Director Elections | Board | AGAINST | 6 | |
| Vicat SA | April 10, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| Vicat SA | April 10, 2026 | Approve Compensation of Didier Petetin, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Vicat SA | April 10, 2026 | Approve Compensation of Guy Sidos, Chairman and CEO | Compensation | Board | AGAINST | 6 | |
| Vicat SA | April 10, 2026 | Approve Compensation of Lukas Epple, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Vicat SA | April 10, 2026 | Approve Remuneration Policy of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| Victoria's Secret & Co. | June 11, 2026 | To elect ten directors to serve until the 2027 annual meeting of stockholders: Mariam Naficy | Director Elections | Board | ABSTAIN | 6 | |
| Viohalco SA/NV | May 26, 2026 | Approve Revised Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Viohalco SA/NV | May 26, 2026 | Reelect Margaret Zakos as Director | Director Elections | Board | AGAINST | 6 | |
| Viohalco SA/NV | May 26, 2026 | Reelect Patrick Kron as Director | Director Elections | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Compensation of Habib Ramdani, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Compensation of Marc Bistuer, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Compensation of Paul Martingell, CEO | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Remuneration Policy of Habib Ramdani, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Approve Remuneration Policy of Marc Bistuer, Vice-CEO | Compensation | Board | AGAINST | 6 | |
| Virbac SA | June 29, 2026 | Reelect Philippe Capron as Director | Director Elections | Board | AGAINST | 6 | |
| Visa Inc. | January 27, 2026 | To elect the eleven director nominees named in the proxy statement: William J. Ready | Director Elections | Board | AGAINST | 6 | |
| Viscofan SA | April 23, 2026 | Reelect Agatha Echevarria Canales as Director | Director Elections | Board | AGAINST | 6 | |
| Viscofan SA | April 23, 2026 | Reelect Andres Arizkorreta Garcia as Director | Director Elections | Board | AGAINST | 6 | |
| Viscofan SA | April 23, 2026 | Reelect Laura Gonzalez Molero as Director | Director Elections | Board | AGAINST | 6 | |
| Vistry Group Plc | May 13, 2026 | Re-elect Gregory Fitzgerald as Director (WITHDRAWN) | Director Elections | Board | ABSTAIN | 6 | |
| Vitrolife AB | May 5, 2026 | Reelect Henrik Blomquist as Director | Director Elections | Board | AGAINST | 6 | |
| Vitrolife AB | May 5, 2026 | Reelect Jon Sigurdsson as Board Chair | Director Elections | Board | AGAINST | 6 | |
| Vitrolife AB | May 5, 2026 | Reelect Jon Sigurdsson as Director | Director Elections | Board | AGAINST | 6 | |
| Vodafone Idea Limited | August 25, 2025 | Reelect Kumar Mangalam Birla as Director | Director Elections | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Compensation Report of Corporate Officers | Compensation | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Compensation of Robert Klein, CEO | Compensation | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Issuance of Equity or Equity-Linked Securities Reserved for One or More Specifically Designated Persons up to 30 Percent of Issued Capital | Capital Structure | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries in the Framework of an Equity Line, up to Aggregate Nominal Amount of EUR 150 Million | Capital Structure | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Approve Remuneration Policy of Chairwoman of the Board | Compensation | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 6 | |
| Voltalia | May 21, 2026 | Reelect Celine Leclercq as Director | Director Elections | Board | AGAINST | 6 | |
| Voltas Limited | June 30, 2026 | Reelect Vinayak Deshpande as Director | Director Elections | Board | AGAINST | 6 | |
| Vontobel Holding AG | April 14, 2026 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| Vontobel Holding AG | April 14, 2026 | Reelect Maja Baumann as Director | Director Elections | Board | AGAINST | 6 | |
| Vukile Property Fund Ltd. | September 1, 2025 | Approve Remuneration Implementation Report | Compensation | Board | AGAINST | 6 | |
| WALKER & DUNLOP, INC. | May 19, 2026 | Election of Director: Dana L. Schmaltz | Director Elections | Board | AGAINST | 6 | |
| WESCO INTERNATIONAL, INC. | May 28, 2026 | Ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the year ending December 31, 2026. | Audit-related | Board | AGAINST | 6 | |
| WH Smith Plc | February 2, 2026 | Re-elect Annette Court as Director (WITHDRAWN) | Director Elections | Board | ABSTAIN | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect John L. Manley | Director Elections | Board | WITHHOLD | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect Jorge L. Benitez | Director Elections | Board | WITHHOLD | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect Kanwaljit Bakshi | Director Elections | Board | WITHHOLD | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect Michael J. Kasbar | Director Elections | Board | WITHHOLD | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect Paul H. Stebbins | Director Elections | Board | WITHHOLD | 6 | |
| WORLD KINECT CORPORATION | June 18, 2026 | Elect Sharda Cherwoo | Director Elections | Board | WITHHOLD | 6 | |
| WUS Printed Circuit (Kunshan) Co., Ltd. | November 17, 2025 | Elect Guan Jinkun as Independent Director | Director Elections | Board | AGAINST | 6 | |
| WUS Printed Circuit (Kunshan) Co., Ltd. | November 17, 2025 | Elect Wu Chuanbin as Non-independent Director | Director Elections | Board | AGAINST | 6 | |
| WYNN RESORTS, LIMITED | May 6, 2026 | Election of Director: Patricia Mulroy | Director Elections | Board | AGAINST | 6 | |
| WYNN RESORTS, LIMITED | May 6, 2026 | Election of Director: Philip G. Satre | Director Elections | Board | AGAINST | 6 | |
| WYNN RESORTS, LIMITED | May 6, 2026 | Election of Director: Richard J. Byrne | Director Elections | Board | AGAINST | 6 | |
| Wacker Chemie AG | May 6, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Wacker Neuson SE | May 13, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Weaver Network Technology Co., Ltd. | September 1, 2025 | Amend Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 6 | |
| Webuild SpA | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| Webuild SpA | April 29, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Webzen, Inc. | March 27, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| Weebit Nano Ltd | November 24, 2025 | Approve Issuance of Restricted Share Rights to Anne Templeman-Jones | Compensation | Board | AGAINST | 6 | |
| Weebit Nano Ltd | November 24, 2025 | Approve Issuance of Restricted Share Rights to Jacob Hanoch | Compensation | Board | AGAINST | 6 | |
| Weebit Nano Ltd | November 24, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| Weichai Power Co., Ltd. | October 31, 2025 | Amend Management Measures on the Use of Proceeds | Capital Structure | Board | AGAINST | 6 | |
| Wen's Foodstuff Group Co., Ltd. | November 12, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 6 | |
| Westgold Resources Limited | November 21, 2025 | Approve Potential Termination Benefits to Wayne Bramwell in Relation to Performance Rights | Compensation | Board | AGAINST | 6 | |
| Wildcat Resources Limited | November 28, 2025 | Elect Samuel Ekins as Director | Director Elections | Board | AGAINST | 6 | |
| Workman Co., Ltd. | June 25, 2026 | Elect Director Ouchi, Koji | Director Elections | Board | AGAINST | 6 | |
| Wuchan Zhongda Group Co., Ltd. | May 19, 2026 | Approve Debt Financing Instruments | Capital Structure | Board | AGAINST | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.