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 |
|---|---|---|---|---|---|---|---|
| ARMOUR RESIDENTIAL REIT, INC. | April 30, 2026 | Election of Director to serve until ARMOUR's 2027 annual meeting of stockholders and until his or her successor is duly elected and qualified: Z. Jamie Behar | Director Elections | Board | AGAINST | 5 | |
| ARMOUR RESIDENTIAL REIT, INC. | April 30, 2026 | To approve, by non-binding advisory vote, ARMOUR's 2025 executive compensation. | Compensation | Board | AGAINST | 5 | |
| ASANA, INC. | June 8, 2026 | Approval, on an advisory basis, of the compensation of the Company's named executive officers ("Say-on-Pay"). | Compensation | Board | AGAINST | 5 | |
| ATOM Corp. | June 23, 2026 | Elect Director and Audit Committee Member Okura, Saira | Director Elections | Board | AGAINST | 5 | |
| ATOM Corp. | June 23, 2026 | Elect Director and Audit Committee Member Tsuchida, Masakazu | Director Elections | Board | AGAINST | 5 | |
| AVANTOR, INC. | May 7, 2026 | Election of Director: Dame Louise Makin | Director Elections | Board | AGAINST | 5 | |
| AVANTOR, INC. | May 7, 2026 | Election of Director: Emmanuel Ligner | Director Elections | Board | AGAINST | 5 | |
| AVANTOR, INC. | May 7, 2026 | Election of Director: Mala Murthy | Director Elections | Board | AGAINST | 5 | |
| AVANTOR, INC. | May 7, 2026 | Election of Director: Simon Dingemans | Director Elections | Board | AGAINST | 5 | |
| AVNET, INC. | November 21, 2025 | Election of Director: Avid Modjtabai | Director Elections | Board | AGAINST | 5 | |
| AVNET, INC. | November 21, 2025 | Election of Director: Rodney C. Adkins | Director Elections | Board | AGAINST | 5 | |
| Aadhar Housing Finance Ltd. | November 16, 2025 | Approve Aadhar Housing Finance Limited-Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| Aadhar Housing Finance Ltd. | November 16, 2025 | Approve Extension of Aadhar Housing Finance Limited-Employee Stock Option Plan 2025 to Employees of Group Companies | Compensation | Board | AGAINST | 5 | |
| Aavas Financiers Limited | September 16, 2025 | Approve Aavas Financiers Limited - Equity Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| Aavas Financiers Limited | September 16, 2025 | Approve Revision in Remuneration of Sachinderpalsingh Jitendrasingh Bhinder as Managing Director & Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| Acea SpA | June 3, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Acutaas Chemicals Ltd. | September 25, 2025 | Approve Payment of Commission to Non-Executive Directors | Compensation | Board | AGAINST | 5 | |
| Acutaas Chemicals Ltd. | September 25, 2025 | Approve Reappointment and Remuneration of Chetankumar Chhaganlal Vaghasia as Whole Time Director | Compensation | Board | AGAINST | 5 | |
| Acutaas Chemicals Ltd. | September 25, 2025 | Approve Reappointment and Remuneration of Nareshkumar Ramjibhai Patel as Managing Director, designated as Executive Chairman & Managing Director | Compensation | Board | AGAINST | 5 | |
| Adani Power Limited | June 25, 2026 | Reelect Gautam S. Adani as Director | Director Elections | Board | AGAINST | 5 | |
| Adese Gayrimenkul Yatirim AS | June 30, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Adese Gayrimenkul Yatirim AS | June 30, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Aditya Birla Capital Limited | October 15, 2025 | Elect Vishakha Mulye as Director and Approve Appointment and Remuneration of Vishakha Mulye as Executive Director and Chief Executive Officer | Director Elections | Board | AGAINST | 5 | |
| Aditya Birla Fashion and Retail Limited | September 23, 2025 | Reelect Ananyashree Birla as Director | Director Elections | Board | AGAINST | 5 | |
| Aditya Birla Fashion and Retail Limited | September 23, 2025 | Reelect Pankaj Sood as Director | Director Elections | Board | AGAINST | 5 | |
| Aditya Birla Real Estate Ltd. | July 30, 2025 | Reelect Rajashree Birla as Director | Director Elections | Board | AGAINST | 5 | |
| Afcons Infrastructure Ltd. | November 10, 2025 | Approve Afcons Infrastructure Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| Afcons Infrastructure Ltd. | November 10, 2025 | Approve Grant of Employee Stock Options to the Employees of Associate Company(ies) of the Company under Afcons Infrastructure Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| Afcons Infrastructure Ltd. | November 10, 2025 | Approve Grant of Employee Stock Options to the Employees of Subsidiary Company(ies) of the Company under Afcons Infrastructure Limited - Employee Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| AgeSA Hayat ve Emeklilik AS | March 23, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| AgeSA Hayat ve Emeklilik AS | March 23, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| AgeSA Hayat ve Emeklilik AS | March 23, 2026 | Ratify Director Appointment | Director Elections | Board | AGAINST | 5 | |
| Agthia Group PJSC | April 22, 2026 | Elect Board of Directors | Director Elections | Board | AGAINST | 5 | |
| Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim AS | June 16, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim AS | June 16, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Air China Limited | May 28, 2026 | Approve Grant of General Mandate to the Board to Issue Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| Ajman Bank PJSC | March 3, 2026 | Approve Board Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| Ajman Bank PJSC | March 3, 2026 | Approve Remuneration of Directors and Ratify the Board Fees for Attending Board Committees Meetings | Compensation | Board | AGAINST | 5 | |
| Aker Solutions ASA | April 16, 2026 | Approve Remuneration Statement (Advisory Vote) | Compensation | Board | AGAINST | 5 | |
| Aker Solutions ASA | April 16, 2026 | Elect Harald Thorstein as New Director | Director Elections | Board | AGAINST | 5 | |
| Akfen Yenilenebilir Enerji AS | July 9, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Aksigorta AS | March 23, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Aksigorta AS | March 23, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Aksigorta AS | March 23, 2026 | Ratify Appointment of Director | Director Elections | Board | AGAINST | 5 | |
| Aktor Societe Anonyme Holding Co. Technical & Energy Projects | July 9, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Alarko Holding AS | April 13, 2026 | Appoint Auditor for Sustainability Reporting | Audit-related | Board | AGAINST | 5 | |
| Alarko Holding AS | April 13, 2026 | Elect Directors and Approve Their Remuneration | Director Elections | Board | AGAINST | 5 | |
| Alarko Holding AS | April 13, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| Albaraka Turk Katilim Bankasi AS | March 27, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Albaraka Turk Katilim Bankasi AS | March 27, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Albaraka Turk Katilim Bankasi AS | March 27, 2026 | Elect Members of Audit Committee | Director Elections | Board | AGAINST | 5 | |
| Albaraka Turk Katilim Bankasi AS | March 27, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| Alembic Pharmaceuticals Limited | August 5, 2025 | Approve Reappointment and Remuneration of Pranav Amin as Managing Director | Compensation | Board | AGAINST | 5 | |
| Alfa Solar Enerji Sanayi ve Ticaret AS | June 2, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Alfa Solar Enerji Sanayi ve Ticaret AS | June 2, 2026 | Receive Information on Share Repurchase Program for 2025 and Authorize Share Repurchase Program | Capital Structure | Board | AGAINST | 5 | |
| Alimentation Couche-Tard Inc. | September 3, 2025 | Elect Director Louis Tetu | Director Elections | Board | WITHHOLD | 5 | |
| Allcargo Logistics Limited | September 24, 2025 | Elect Adarsh Hegde as Director | Director Elections | Board | AGAINST | 5 | |
| Allcargo Logistics Limited | January 7, 2026 | Approve Appointment and Remuneration of Ketan Nishikant Kulkarni as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| Alleima AB | April 29, 2026 | Reelect Claes Boustedt as Director | Director Elections | Board | AGAINST | 5 | |
| Alleima AB | April 29, 2026 | Reelect Karl Aberg as Director | Director Elections | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | August 14, 2025 | Approve Payment of Remuneration to Jayadev Galla as Chairman, Managing Director and CEO | Compensation | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | August 14, 2025 | Approve Reappointment of Jayadev Galla as Chairman, Managing Director and CEO | Compensation | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | December 25, 2025 | Approve Amara Raja Energy & Mobility Limited Employees Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | December 25, 2025 | Approve Grant Options to the Employees of Unlisted Subsidiary Company(ies), in India or Outside India, Under Amara Raja Energy & Mobility Limited Employees Stock Option Scheme | Compensation | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | December 25, 2025 | Approve Provision of Money by the Company for Purchase of Company's Shares by Amara Raja Energy & Mobility ESOS Trust , under Amara Raja Energy & Mobility Limited Employees Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| Amara Raja Energy & Mobility Limited | December 25, 2025 | Approve Secondary Acquisition of Company's Shares through Trust Route for the Implementation of Amara Raja Energy & Mobility Limited Employees Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| Amber Enterprises India Limited | August 11, 2025 | Reelect Daljit Singh as Director | Director Elections | Board | AGAINST | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Fabio Colletti Barbosa as Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Fernanda Gemael Hoefel as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Fernando Mommensohn Tennenbaum as Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Lia Machado de Matos as Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Luciana Pires Dias as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Ricardo Manuel Frangatos Pires Moreira as Director | Director Elections | Board | ABSTAIN | 5 | |
| Ambev SA | April 30, 2026 | Percentage of Votes to Be Assigned - Elect Victorio Carlos De Marchi as Director | Director Elections | Board | ABSTAIN | 5 | |
| American International Group, Inc. | May 13, 2026 | Advisory Vote to Approve Named Executive Officer Compensation. | Say-on-Pay | Board | AGAINST | 5 | |
| Anadolu Efes Biracilik ve Malt Sanayii A.S. | April 13, 2026 | Elect Directors and Approve Their Remuneration | Director Elections | Board | AGAINST | 5 | |
| Anadolu Isuzu Otomotiv Sanayi ve Ticaret AS | April 17, 2026 | Elect Directors and Approve Their Remuneration | Director Elections | Board | AGAINST | 5 | |
| Anand Rathi Wealth Ltd. | February 15, 2026 | Approve Reappointment and Remuneration of Rakesh Rawal as Whole-time Director and CEO | Compensation | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Acknowledge Resignation of Heloisa Sicupira as Director and Elect Miguel Patricio as Director | Director Elections | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Acknowledge Resignation of Martin J. Barrington as Restricted Share Director and Elect William F. Gifford, Jr. as Restricted Share Director | Director Elections | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Acknowledge Resignation of Nitin Nohria as Director and Elect Fabrizio Freda as Director | Director Elections | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Acknowledge Resignation of Salvatore Mancuso as Restricted Share Director and Elect Jennifer Hunter as Restricted Share Director | Director Elections | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Anheuser-Busch InBev NV | April 29, 2026 | Reelect Alejandro Santo Domingo as Restricted Share Director | Director Elections | Board | AGAINST | 5 | |
| Anhui Construction Engineering Group Corp. Ltd. | April 24, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Anhui Construction Engineering Group Corp. Ltd. | April 24, 2026 | Approve Remuneration and Remuneration Plan of Directors | Compensation | Board | AGAINST | 5 | |
| Anhui Huaheng Biotechnology Co., Ltd. | December 25, 2025 | Approve Financial Assistance Provision | Capital Structure | Board | AGAINST | 5 | |
| Anhui Huaheng Biotechnology Co., Ltd. | April 8, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Anhui Huaheng Biotechnology Co., Ltd. | April 8, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| Anhui Jinhe Industrial Co., Ltd. | September 29, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 5 | |
| Anhui Jinhe Industrial Co., Ltd. | September 29, 2025 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| Anhui Jinhe Industrial Co., Ltd. | September 29, 2025 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| Anhui Truchum Advanced Materials & Technology Co., Ltd. | May 19, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | November 14, 2025 | Amend Implementation Measures for Annual Remuneration of Management | Compensation | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Authorization of the Board and Its Authorized Persons to Handle All Related Matters | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Company's Eligibility for Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Demonstration Analysis Report in Connection to Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.