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Vanguard 2025-2026: where it broke with 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.

Vanguard, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedVanguard votedFunds
Clal Insurance Enterprises Holdings Ltd. November 6, 2025 Reappoint Kost Forer Gabbay & Kasierer and Somekh Chaikin as Joint Auditors Audit-related Board AGAINST 5
Clal Insurance Enterprises Holdings Ltd. November 6, 2025 Reelect David Granot as Director Director Elections Board AGAINST 5
Clal Insurance Enterprises Holdings Ltd. November 6, 2025 Reelect Hana Mazal Margaliot as Director Director Elections Board AGAINST 5
Clean Science & Technology Ltd. September 11, 2025 Approve Reappointment and Remuneration of Siddhartha Ashok Sikchi as Whole-Time Director and Key Mangerial Personnel Compensation Board AGAINST 5
Cohance Lifesciences Limited June 13, 2026 Approve Cohance Lifesciences Limited - Employee Stock Option Plan 2026 Compensation Board AGAINST 5
Cohance Lifesciences Limited June 13, 2026 Approve Extension of Cohance Lifesciences Limited - Employee Stock Option Plan 2026 to the Unlisted Subsidiary Companies Compensation Board AGAINST 5
Cohance Lifesciences Limited June 13, 2026 Approve Grant of Employee Stock Options Equal to or Exceeding 1% of the Issued Capital of the Company Compensation Board AGAINST 5
Cohance Lifesciences Limited June 13, 2026 Approve Payment of Remuneration to Umang Vohra as Chairman and Group Chief Executive Officer Compensation Board AGAINST 5
Colowide Co., Ltd. June 25, 2026 Approve Compensation Ceiling for Directors Who Are Not Audit Committee Members Compensation Board AGAINST 5
Com7 Public Company Limited July 22, 2025 Approve Cancellation of the Resolution Relating to the Issuance and Offering of Warrants to Purchase Ordinary Shares to Executives and/or Employees of the Company and/or Its Subsidiaries No. 1 (COM7 - ESOP W1) Compensation Board AGAINST 5
Com7 Public Company Limited July 22, 2025 Approve Issuance and Offering of Warrants to Purchase Ordinary Shares Allocated to the Executives and/or Employees and/or Its Subsidiaries No. 1 (COM7 - ESOP W1) Compensation Board AGAINST 5
Compagnie Financiere Richemont SA September 10, 2025 Reelect Nikesh Arora as Director Director Elections Board AGAINST 5
Companhia Siderurgica Nacional April 24, 2026 Approve Remuneration of Company's Management Compensation Board AGAINST 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Approve Remuneration of Company's Management and Fiscal Council Compensation Board AGAINST 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Fabio Baccheretti Vitor as Fiscal Council Member and Marco Antonio Mendonca Gaspar as Alternate Compensation Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Felipe Magno Parreira de Sousa as Fiscal Council Member and Claudio Politi as Alternate Compensation Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Gustavo de Oliveira Barbosa as Director Director Elections Board AGAINST 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Marcia Fragoso Soares as Director Director Elections Board AGAINST 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Marilia Carvalho de Melo as Director Director Elections Board AGAINST 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Elect Reges Moises dos Santos as Fiscal Council Member and Juliano Fisicaro Borges as Alternate Compensation Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Percentage of Votes to Be Assigned - Elect Carlos Alexandre Jorge da Costa as Independent Director Director Elections Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Percentage of Votes to Be Assigned - Elect Gustavo de Oliveira Barbosa as Director Director Elections Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Percentage of Votes to Be Assigned - Elect Marcia Fragoso Soares as Director Director Elections Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Percentage of Votes to Be Assigned - Elect Marilia Carvalho de Melo as Director Director Elections Board ABSTAIN 5
Companhia de Saneamento de Minas Gerais April 30, 2026 Percentage of Votes to Be Assigned - Elect Roberto Correa Barbuti as Independent Director Director Elections Board ABSTAIN 5
Concord Biotech Ltd. September 9, 2025 Approve Granting Loan, Giving Guarantee or Providing Security in Respect of Any Loans as per Section 185, of the Companies Act, 2013 Capital Structure Board AGAINST 5
Container Corporation of India Ltd. September 25, 2025 Elect Anurag Kapil as Director Director Elections Board AGAINST 5
Container Corporation of India Ltd. September 25, 2025 Elect Vijoy Kumar Singh as Director Director Elections Board AGAINST 5
Container Corporation of India Ltd. September 25, 2025 Reelect Prabhas Dansana as Director Director Elections Board AGAINST 5
Contemporary Amperex Technology Co., Ltd. April 3, 2026 Approve Estimated Cap for Provision of Guarantee Capital Structure Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Non-independent Director No. 1 Director Elections Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Non-independent Director No. 2 Director Elections Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Non-independent Director No. 3 Director Elections Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Non-independent Director No. 4 Director Elections Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Non-independent Director No. 5 Director Elections Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Supervisor No. 1 Compensation Board AGAINST 5
Coretronic Corp. June 12, 2026 Elect Supervisor No. 2 Compensation Board AGAINST 5
Coronation Fund Managers Ltd. February 17, 2026 Approve Financial Assistance in Terms of Section 44 of the Companies Act Capital Structure Board AGAINST 5
Craftsman Automation Ltd. July 21, 2025 Approve Sale/Disposal of Land and Buildings of Sunbeam Lightweighting Solutions Private Limited Extraordinary Transactions Board AGAINST 5
Critical Metals Corp. December 29, 2025 Elect Director Mykhailo Zhernov Director Elections Board AGAINST 5
D&L Industries, Inc. June 8, 2026 Elect Mercedita S. Nolledo as Director Director Elections Board WITHHOLD 5
DAWONSYS Co., Ltd. March 31, 2026 Appoint Yoon Woong-jung as Internal Auditor Compensation Board AGAINST 5
DAWONSYS Co., Ltd. March 31, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 5
DBG Technology Co., Ltd. May 21, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 5
DELUXE CORPORATION April 23, 2026 Elect Barry C. McCarthy Director Elections Board WITHHOLD 5
DELUXE CORPORATION April 23, 2026 Elect John L. Stauch Director Elections Board WITHHOLD 5
DELUXE CORPORATION April 23, 2026 Elect Paul R. Garcia Director Elections Board WITHHOLD 5
DELUXE CORPORATION April 23, 2026 Elect Thomas J. Reddin Director Elections Board WITHHOLD 5
DEME Group NV May 20, 2026 Approve Remuneration Policy Compensation Board AGAINST 5
DEME Group NV May 20, 2026 Approve Remuneration Report Compensation Board AGAINST 5
DEME Group NV May 20, 2026 Reelect Christian Labeyrie as Director Director Elections Board AGAINST 5
DEME Group NV May 20, 2026 Reelect Koen Janssen as Director Director Elections Board AGAINST 5
DEME Group NV May 20, 2026 Reelect Tom Bamelis as Director Director Elections Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Approval of Amendment No. 2 to the 2024 Omnibus Incentive Plan to increase the number of shares of the Company's Common Stock issuable under such Plan. Compensation Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Approval, by non-binding vote, of the Company's executive compensation for 2025. Compensation Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Election of Director: Clyde R. Hosein Director Elections Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Election of Director: Gregory T. Lucier Director Elections Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Election of Director: Janet S. Vergis Director Elections Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Election of Director: Leslie F. Varon Director Elections Board AGAINST 5
DENTSPLY SIRONA INC. June 2, 2026 Ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accountants for 2026. Audit-related Board AGAINST 5
DIGITALOCEAN HOLDINGS, INC. June 15, 2026 Election of Class II Director: Pueo Keffer Director Elections Board WITHHOLD 5
DIGITALOCEAN HOLDINGS, INC. June 15, 2026 Election of Class II Director: Warren Adelman Director Elections Board WITHHOLD 5
DNO ASA June 26, 2026 Approve Remuneration Statement Compensation Board AGAINST 5
DOF Group ASA May 7, 2026 Approve Equity Plan Financing Through Issuance of Shares Compensation Board AGAINST 5
DOF Group ASA May 7, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 5
DOF Group ASA May 7, 2026 Approve Remuneration Statement Compensation Board AGAINST 5
DOMS Industries Ltd. September 22, 2025 Reelect Ketan Rajani as Director Director Elections Board AGAINST 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Dorene C. Dominguez Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Jordan L. Kaplan Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Kenneth M. Panzer Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Shirley Wang Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Thomas E. O'Hern Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: Virginia A. McFerran Director Elections Board ABSTAIN 5
DOUGLAS EMMETT, INC. May 28, 2026 Elect Directors: William E. Simon, Jr. Director Elections Board ABSTAIN 5
DRAFTKINGS INC. May 12, 2026 To conduct a non-binding advisory vote on executive compensation. Compensation Board AGAINST 5
Daido Steel Co., Ltd. June 25, 2026 Elect Director Shimizu, Tetsuya Director Elections Board AGAINST 5
Daido Steel Co., Ltd. June 25, 2026 Elect Director and Audit Committee Member Matsuo, Kenji Director Elections Board AGAINST 5
Daido Steel Co., Ltd. June 25, 2026 Elect Director and Audit Committee Member Niwa, Tetsuya Director Elections Board AGAINST 5
Daido Steel Co., Ltd. June 25, 2026 Elect Director and Audit Committee Member Ono, Ryuichiro Director Elections Board AGAINST 5
Daikokutenbussan Co., Ltd. August 20, 2025 Elect Director Oga, Masahiko Director Elections Board AGAINST 5
Daisyo Corp. November 27, 2025 Approve Director Retirement Bonus Compensation Board AGAINST 5
Dajin Heavy Industry Co., Ltd. January 30, 2026 Approve Application of Credit Lines Capital Structure Board AGAINST 5
Dajin Heavy Industry Co., Ltd. January 30, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 5
Dalba Global Co., Ltd. March 31, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 5
Dallah Healthcare Co. October 19, 2025 Elect Abdulazeez Al Sabiq as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Abdulilah Al Tounisi as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Abdullah Al Al Sheikh as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Abdullah Al Fawaz as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Abdullah Al Shareef as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Abou Bakr Baabbad as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Ahmed Al Al Sheikh as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Ahmed Al Baqshi as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Ahmed Al Yamani as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Ahmed Khoqeer as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Ali Al Oteebi as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Amr Kamil as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Batil Al Anzi as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Fahd Al Ajmi as Director Director Elections Board ABSTAIN 5
Dallah Healthcare Co. October 19, 2025 Elect Fahd Al Dhufeeri as Director Director Elections Board ABSTAIN 5

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Built November 7, 2026 from SEC Form N-PX filings.