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 |
|---|---|---|---|---|---|---|---|
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Distribution Arrangement of Undistributed Earnings | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Feasibility Analysis Report on the Intended Usage of Raised Funds | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Issue Manner and Issue Time | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Issue Size | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Listing Location | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Lock-up Period | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Plan 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 Pricing Reference Date, Issue Price and Pricing Principles | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Resolution Validity Period | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Scale and Usage of Raised Funds | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Share Type and Par Value | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Signing the Conditional Share Subscription Agreement | Capital Structure | Board | AGAINST | 5 | |
| Anhui Wanwei Updated High-Tech Material Industry Co., Ltd. | March 27, 2026 | Approve Target Subscribers and Subscription Method | Capital Structure | Board | AGAINST | 5 | |
| Anhui XDLK Microsystem Corp. Ltd. | April 15, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| Anhui Yingjia Distillery Co., Ltd. | November 17, 2025 | Amend Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 5 | |
| Anhui Yingjia Distillery Co., Ltd. | May 18, 2026 | Amend Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 5 | |
| Anhui Yingjia Distillery Co., Ltd. | May 18, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| Anker Innovations Technology Co., Ltd. | May 12, 2026 | Approve Credit Line Application and Guarantee Amount | Capital Structure | Board | AGAINST | 5 | |
| Anup Engineering Limited | August 20, 2025 | Reelect Sanjay Lalbhai as Director | Director Elections | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | September 18, 2025 | Approve Provision of Guarantee to Henan Angang Southern Electromagnetic New Materials Technology Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | September 18, 2025 | Approve Provision of Guarantee to Henan Angang Zhoukou Iron and Steel Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | November 26, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | December 19, 2025 | Approve Provision of Guarantee to Henan Angang Zhoukou Iron & Steel Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | February 6, 2026 | Approve Provision of Guarantee to Henan Angang Zhoukou Iron & Steel Co., Ltd. | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | February 6, 2026 | Approve Provision of Guarantee to Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Authorization of Board to Handle All Related Matters | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Company's Eligibility for Private Placement of Shares | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Conditional Shares Subscription Agreement | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Demonstration Analysis Report in Connection to Private Placement | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Distribution Arrangement of Undistributed Earnings | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Issue Manner and Period | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Issue Scale | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Issue Type and Par Value | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Listing Exchange | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Lock-up Period | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve No Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Plan for Private Placement of New Shares | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Pricing Benchmark Date, Issue Price and Pricing Principles | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Resolution Validity Period | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Scale and Direction of Fundraising Amount | Capital Structure | Board | AGAINST | 5 | |
| Anyang Iron & Steel Co., Ltd. | May 29, 2026 | Approve Target Parties and Subscription Manner | Capital Structure | Board | AGAINST | 5 | |
| Apichope Pharmaceutical Group Co., Ltd. | January 14, 2026 | Approve Equity Disposal | Extraordinary Transactions | Board | AGAINST | 5 | |
| Apichope Pharmaceutical Group Co., Ltd. | May 18, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Appotronics Corp. Ltd. | May 21, 2026 | Approve Application of Credit Lines and Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| Appotronics Corp. Ltd. | May 21, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| Aptus Value Housing Finance India Ltd. | August 21, 2025 | Reelect K. P. Balaraj as Director | Director Elections | Board | AGAINST | 5 | |
| Arab National Bank | March 31, 2026 | Approve Remuneration of Directors of SAR 11,390,000 for FY 2025 | Compensation | Board | AGAINST | 5 | |
| Arab National Bank | March 31, 2026 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Ahmed Al Zaeem as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Al Huseen Al Muhthil as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Fahd Al Aslami as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Hamad Al Abdulateef as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Hathal Al Oteebi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Hisham Al Jabr as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Majid Al Baddah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Mohammed Al Shayiea as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Muath Al Zamil as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Naeem Al Huseeni as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Nasir Al Fouzan as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Obeed Al Rasheed as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Randah Al Sadiq as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Salah Al Rashid as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arab National Bank | March 31, 2026 | Elect Shabnam Mohammed as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Centres Co. | September 21, 2025 | Amend Remuneration Policy of Board Members, Committees, and Executive Management | Compensation | Board | AGAINST | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulazeez Al Thumeeri as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulazeez Al Tuweejri as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulilah Al Tounisi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdullah Al Hajiri as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulrahman Al Hindi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulrahman Al Shubaysheeri as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abdulwahab Abou Kweek as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Abeer Al Issa as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Ahmed Khoqeer as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Ali Abou Al Saoud as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Ali Al Tuheefah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Bashar Kayali as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Fahd Al Ajmi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Fahd Al Khuneezi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Fahd Al Shareef as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Faris Al Faris as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Faysal Al Naeem as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Hashim Al Nimr as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Husam Al Deen Sadaqah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Ibraheem Hashim Khan as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Israa Aseeri as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Jasim Al Khaleefah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Khalid Al Ghamdi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Khalid Rabeeah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Majid Al Baddah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Majid Al Suweegh as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Anzi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Dugheesh as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Ghayth as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Khurayji as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Shanqeeti as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Al Sultan as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed Qurayshah as Director | Director Elections | Board | ABSTAIN | 5 | |
| Arabian Contracting Services Co. | March 15, 2026 | Elect Mohammed bin Shaheen as Director | Director Elections | Board | ABSTAIN | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.