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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
ENOVIS CORPORATION May 19, 2026 Election of Director: Barbara W. Bodem Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Brady Shirley Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Christine Ortiz Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Liam J. Kelly Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Philip A. Okala Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Rajiv Vinnakota Director Elections Board AGAINST 5
ENOVIS CORPORATION May 19, 2026 Election of Director: Sharon Wienbar Director Elections Board AGAINST 5
ENPHASE ENERGY, INC. May 13, 2026 To approve, on advisory basis, the compensation of our named executive officers, as disclosed in the proxy statement. Compensation Board AGAINST 5
EPL Ltd. September 9, 2025 Reelect Amit Dixit as Director Director Elections Board AGAINST 5
EPL Ltd. December 14, 2025 Approve Employee Stock Option Scheme - 2025 Compensation Board AGAINST 5
EPL Ltd. December 14, 2025 Approve Grant of Employee Stock Options to the Employees of Subsidiary Company(ies) under Employee Stock Option Scheme - 2025 Compensation Board AGAINST 5
ESSENTIAL UTILITIES, INC. February 10, 2026 Merger-Related Compensation Proposal: Approval, on a non-binding advisory basis, of the compensation that may be paid or become payable to the named executive officers of Essential Utilities, Inc. in connection with the transactions contemplated by the Merger Agreement. Compensation Board AGAINST 5
EVE Energy Co., Ltd. April 17, 2026 Approve Adjustments and Additions Provision of Guarantee Capital Structure Board AGAINST 5
EVE Energy Co., Ltd. April 17, 2026 Approve Application of Credit Lines Capital Structure Board AGAINST 5
EVERFORTH, INC. June 11, 2026 An advisory vote to approve the Company's named executive officer compensation for the year ended December 31, 2025. Compensation Board AGAINST 5
EVERFORTH, INC. June 11, 2026 Election of Class I Director: Arshad Matin Director Elections Board AGAINST 5
EVERFORTH, INC. June 11, 2026 Election of Class I Director: Carol J. Lindstrom Director Elections Board AGAINST 5
EVERFORTH, INC. June 11, 2026 Election of Class I Director: Mark A. Frantz Director Elections Board AGAINST 5
EVERFORTH, INC. June 11, 2026 The ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2026. Audit-related Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Alan H. Schumacher Director Elections Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Aldo J. Polak Director Elections Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Frank G. D'Angelo Director Elections Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Jorge A. Junquera Director Elections Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Kelly Barrett Director Elections Board AGAINST 5
EVERTEC, INC. May 21, 2026 Election of Director: Olga Botero Director Elections Board AGAINST 5
EVN AG February 25, 2026 Elect Georg Bartmann as Supervisory Board Member Director Elections Board AGAINST 5
EVN AG February 25, 2026 Elect Jochen Danninger as Supervisory Board Member Director Elections Board AGAINST 5
EVN AG February 25, 2026 Elect Willi Stiowicek as Supervisory Board Member Director Elections Board AGAINST 5
EXP WORLD HOLDINGS, INC. May 8, 2026 Election of Director to serve for a one-year term expiring in 2027: Monica Weakley Director Elections Board AGAINST 5
EZconn Corp. May 26, 2026 Approve Private Placement of Ordinary Shares, Preferred Shares, or Convertible Corporate Bonds (Including Secured or Unsecured Convertible Corporate Bonds) Capital Structure Board AGAINST 5
Eastroc Beverage (Group) Co., Ltd. March 10, 2026 Approve Deloitte Touche Tohmatsu as Overseas Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
Easy Click Worldwide Network Technology Co., Ltd. January 15, 2026 Approve Credit Line Application and External Guarantee Capital Structure Board AGAINST 5
Efor Yatirim Sanayi Ticaret AS February 25, 2026 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 5
Ege Endustri ve Ticaret AS March 26, 2026 Elect Directors and Approve Their Remuneration Director Elections Board AGAINST 5
Elco Ltd. January 6, 2026 Reappoint Ernst & Young - Kost Forer Gabbay & Kasierer as Auditors Audit-related Board AGAINST 5
Elecon Engineering Company Limited June 25, 2026 Approve Appointment and Remuneration of Aayush A. Shah as Executive Director Compensation Board AGAINST 5
Elecon Engineering Company Limited June 25, 2026 Approve CNK & Associates LLP as Statutory Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
Elecon Engineering Company Limited June 25, 2026 Approve Reappointment and Remuneration of Prayasvin B. Patel as Chairman & Managing Director Compensation Board AGAINST 5
Electra Ltd. September 30, 2025 Reappoint Kost Forer Gabbay & Kasierer as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
Electrosteel Castings Limited August 27, 2025 Reelect Rajkumar Khanna as Director Director Elections Board AGAINST 5
Electrosteel Castings Limited August 27, 2025 Reelect Sunil Katial as Director Director Elections Board AGAINST 5
Electrosteel Castings Limited August 27, 2025 Reelect Uddhav Kejriwal as Director Director Elections Board AGAINST 5
Ellaktor SA July 10, 2025 Advisory Vote on Remuneration Report Compensation Board AGAINST 5
Ellaktor SA July 10, 2025 Approve Profit Sharing Plan Compensation Board AGAINST 5
Emaar, The Economic City June 22, 2026 Elect Abdulazeez Al Aboudi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdulazeez Al Anzi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdulazeez Al Fakhiri as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdulazeez Al Haydari as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdulazeez Al Tamami as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdullah Al Feefi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Abdulraheem Al Tuweejri as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Ahmed Bakarman as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Ahmed Khoqeer as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Alaa Al Doughan as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Fahd Al Hathloul as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Fahd Al Salim as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Fahd Lasaoud as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Hasan Al Hazimi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Hisham Al Husayin as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Husam Al Deen Sadaqah as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Ibraheem Rajab as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Khalid Al Salman as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Majid Al Baddah as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Majid Al Suweegh as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Majid Fattah as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mansour Al Ajmi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Matir Al Anzi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mazin Abdulsalam as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Al Mashni as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Al Qurayshah as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Al Razouq as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Al Sultan as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Hafni as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mohammed Tawfeeq as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Muath Al Zamil as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Muhannad Al Azzawi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Mustafa Abou Qabaa as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Nayif Al Hamdan as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Nidaa Abadi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Omar Al Houshan as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Pawan Chindalia as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Raad Al Qahtani as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Rayan Qutb as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Salih Al Rasheed as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Tariq Mulla Niyazi as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Thamir Al Wadee as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Usamah Basheikh as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Wael Al Bassam as Director Director Elections Board ABSTAIN 5
Emaar, The Economic City June 22, 2026 Elect Yazeed Al Hayyaf as Director Director Elections Board ABSTAIN 5
Emami Limited August 29, 2025 Reelect R. S. Agarwal as Director Director Elections Board AGAINST 5
Emirates Central Cooling Systems Corp. March 26, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 5
Empresa Nacional de Telecomunicaciones SA April 22, 2026 Elect Directors Director Elections Board AGAINST 5
Energisa SA April 29, 2026 Amend Long-Term Incentive Plan Approved at the April 25, 2018, EGM Compensation Board AGAINST 5
Energisa SA April 29, 2026 Approve Remuneration of Company's Management Compensation Board AGAINST 5
Energisa SA April 29, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 5
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Jose Antonio de Almeida Filippo as Independent Director Director Elections Board ABSTAIN 5
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Luciana de Oliveira Cezar Coelho as Independent Director Director Elections Board ABSTAIN 5
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Luiz Eduardo Froes do Amaral Osorio as Independent Director Director Elections Board ABSTAIN 5
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Miguel Nuno Simoes Nunes Ferreira Setas as Independent Director Director Elections Board ABSTAIN 5
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Omar Carneiro da Cunha Sobrinho as Director Director Elections Board ABSTAIN 5

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Built November 8, 2026 from SEC Form N-PX filings.