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 |
|---|---|---|---|---|---|---|---|
| Energisa SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Ricardo Perez Botelho as Director | Director Elections | Board | ABSTAIN | 5 | |
| Energisa SA | April 29, 2026 | Percentage of Votes to Be Assigned - Elect Rogerio Sekeff Zampronha as Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Energix-Renewable Energies Ltd. | August 6, 2025 | Reappoint Brightman Almagor Zohar & Co. as Auditors and Report on Fees Paid to the Auditors | Audit-related | Board | AGAINST | 5 | |
| Energy Absolute Public Company Limited | April 24, 2026 | Elect Anjali Jalichandra as Director | Director Elections | Board | AGAINST | 5 | |
| Energy Absolute Public Company Limited | April 24, 2026 | Elect Supant Mongkolsuthree as Director | Director Elections | Board | AGAINST | 5 | |
| Enerya Enerji AS | June 17, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Enerya Enerji AS | June 17, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| EquipmentShare.com Inc | June 4, 2026 | To elect to the Board of Directors seven nominees for one-year terms: Jabbok Schlacks | Director Elections | Board | WITHHOLD | 5 | |
| EquipmentShare.com Inc | June 4, 2026 | To elect to the Board of Directors seven nominees for one-year terms: Jennifer Giacomazza | Director Elections | Board | WITHHOLD | 5 | |
| EquipmentShare.com Inc | June 4, 2026 | To elect to the Board of Directors seven nominees for one-year terms: Naveen Bhatia | Director Elections | Board | WITHHOLD | 5 | |
| Eramet SA | May 27, 2026 | Approve Compensation of Christel Bories, Chairwoman and CEO from January 1, 2025 to 2025 General Meeting | Compensation | Board | AGAINST | 5 | |
| Eramet SA | May 27, 2026 | Approve Compensation of Christel Bories, Chairwoman of the Board from 2025 General Meeting to December 31, 2025 | Compensation | Board | AGAINST | 5 | |
| Eramet SA | May 27, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 5 | |
| Eramet SA | May 27, 2026 | Ratify Appointment of Nathalie de La Fourniere as Director Following Resignation of CEIR | Director Elections | Board | AGAINST | 5 | |
| Eregli Demir ve Celik Fabrikalari TAS | March 26, 2026 | Appoint Auditor for Sustainability Reporting for 2026 | Audit-related | Board | AGAINST | 5 | |
| Eregli Demir ve Celik Fabrikalari TAS | March 26, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Eregli Demir ve Celik Fabrikalari TAS | March 26, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| Eris Lifesciences Limited | July 25, 2025 | Approve Reappointment and Remuneration of Krishnakumar Vaidyanathan as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| Eris Lifesciences Limited | December 24, 2025 | Approve Reappointment and Remuneration of Krishnakumar Vaidyanathan as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| Eris Lifesciences Limited | December 24, 2025 | Reelect Kalpana Unadkat as Director | Director Elections | Board | AGAINST | 5 | |
| Escar Filo Kiralama Hizmetleri AS | April 13, 2026 | Appoint Auditor for Sustainability Reporting | Audit-related | Board | AGAINST | 5 | |
| Escar Filo Kiralama Hizmetleri AS | April 13, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Escar Filo Kiralama Hizmetleri AS | April 13, 2026 | Ratify Director Appointments | Director Elections | Board | AGAINST | 5 | |
| Escar Filo Kiralama Hizmetleri AS | April 13, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| Escorts Kubota Limited | July 16, 2025 | Reelect Harish Narinder Salve as Director | Director Elections | Board | AGAINST | 5 | |
| Espressif Systems (Shanghai) Co., Ltd. | April 10, 2026 | Approve Remuneration of Directors and Senior Management Members | Compensation | Board | AGAINST | 5 | |
| Estun Automation Co., Ltd. | May 21, 2026 | Approve Application for Integrated Credit Facilities and Guarantee Estimates | Capital Structure | Board | AGAINST | 5 | |
| Etablissements Maurel & Prom SA | May 19, 2026 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 5 | |
| Eternal Asia Supply Chain Management Ltd. | April 24, 2026 | Approve Credit Line Application of Hebei Lianyi Industrial Development Co., Ltd. and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Eternal Asia Supply Chain Management Ltd. | April 24, 2026 | Approve Credit Line Application of Shenzhen Shangfutong Network Technology Co., Ltd. and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Eternal Asia Supply Chain Management Ltd. | April 24, 2026 | Approve Credit Line Application of Shenzhen Zhuoyou Data Technology Co., Ltd. and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Eternal Asia Supply Chain Management Ltd. | May 15, 2026 | Approve Increase in Credit Line Application by Hebei Lianyi Industrial Development Co., Ltd. and Increase in Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Eternal Asia Supply Chain Management Ltd. | May 15, 2026 | Approve Increase in Credit Line Application by Shenzhen Shangfutong Network Technology Co., Ltd. and Increase in Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Europen Endustri Insaat Sanayi ve Ticaret AS | May 13, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Europen Endustri Insaat Sanayi ve Ticaret AS | May 13, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Europen Endustri Insaat Sanayi ve Ticaret AS | May 13, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Approve Issuance of Equity or Equity-Linked Securities Reserved for One or More Specifically Designated Persons up to Aggregate Nominal Amount of EUR 5 Million | Capital Structure | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 5 Million | Capital Structure | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Approve Remuneration Policy of Vice-CEO | Compensation | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 15-18 | Capital Structure | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 5 | |
| Exail Technologies SA | June 19, 2026 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 5 Million | Capital Structure | Board | AGAINST | 5 | |
| Explosive Co., Ltd. | June 25, 2026 | Approve 2024 Remuneration of the Company's Directors and Supervisors and the 2022-2024 Term Incentive Income Payment Plan | Compensation | Board | AGAINST | 5 | |
| FAWER Automotive Parts Ltd. Co. | January 20, 2026 | Approve Management System for Shareholding Held by Directors and Senior Management Members and Its Change | Compensation | Board | AGAINST | 5 | |
| FEDERAL REALTY INVESTMENT TRUST | May 6, 2026 | Election of Director: Elizabeth I. Holland | Director Elections | Board | AGAINST | 5 | |
| FEDERAL REALTY INVESTMENT TRUST | May 6, 2026 | To approve, on a non-binding, advisory basis, the compensation of our named executive officers. | Compensation | Board | AGAINST | 5 | |
| FESCO Group Co., Ltd. | May 19, 2026 | Approve Performance Evaluation Results of Current Non-Independent Directors | Compensation | Board | AGAINST | 5 | |
| FLUOR CORPORATION | May 6, 2026 | An advisory vote to approve the company's executive compensation. | Compensation | Board | AGAINST | 5 | |
| Farasis Energy (Gan Zhou) Co., Ltd. | June 29, 2026 | Approve Remuneration Plan of Directors | Compensation | Board | AGAINST | 5 | |
| Fattal Holdings (1998) Ltd. | February 19, 2026 | Approve Employment Terms of Asaf Fattal, Co-CEO of Fattal Hotels Activity in Israel and VP of Business Development and Construction | Compensation | Board | AGAINST | 5 | |
| Fattal Holdings (1998) Ltd. | February 19, 2026 | Approve Employment Terms of Nadav Fattal, Co-CEO of Fattal Hotels Activity in Israel and VP of Marketing and Technology | Compensation | Board | AGAINST | 5 | |
| Fattal Holdings (1998) Ltd. | February 19, 2026 | Approve Renewal of Compensation Policy for the Directors and Officers of the Company | Compensation | Board | AGAINST | 5 | |
| Fattal Holdings (1998) Ltd. | February 19, 2026 | Reapprove Service Agreement with Private Company Fully Owned by David Fattal, Controller | Compensation | Board | AGAINST | 5 | |
| Ferrotec (An Hui) Technology Development Co., Ltd. | December 26, 2025 | Amend the Principles of Bondholders Meeting | Capital Structure | Board | AGAINST | 5 | |
| Fincantieri SpA | May 14, 2026 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Alberto Marone | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Francesco Signoretti | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Gabriella Scapicchio | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Giuseppe Pisani | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Maria Giovanna Calloni | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Micaela Cristina Capelli | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | Elect Stefano Blotto | Director Elections | Board | ABSTAIN | 5 | |
| Finecobank Spa | April 29, 2026 | List Presented by Group of Institutional Investors Representing 2.91% of Company's Share Capital | Director Elections | Board | ABSTAIN | 5 | |
| Firich Enterprises Co. Ltd. | June 12, 2026 | Elect TSAI, WEN HSIEN, with SHAREHOLDER NO.F121419XXX as Independent Director | Director Elections | Board | AGAINST | 5 | |
| First Hi-tec Enterprise Co., Ltd. | June 17, 2026 | Elect a Representative of Jiu Shun Investment Co., Ltd. as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| Flat Glass Group Co., Ltd. | May 12, 2026 | Approve Guarantees for Its Potential Credit Facility and Related Transactions | Capital Structure | Board | AGAINST | 5 | |
| Forcecon Technology Co. Ltd. | May 25, 2026 | Approve Issuance of Cash Capital Increase via Private Placement of Ordinary Shares and/or Private Placement of Overseas or Domestic Convertible Bonds | Capital Structure | Board | AGAINST | 5 | |
| Ford Otomotiv Sanayi AS | March 12, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Ford Otomotiv Sanayi AS | March 12, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Forehope Electronic (Ningbo) Co., Ltd. | May 11, 2026 | Approve Increase in Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| Fortis Healthcare Limited | August 11, 2025 | Reelect Lim Tsin Lin as Director | Director Elections | Board | AGAINST | 5 | |
| Foryou Corp. | April 24, 2026 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| Foryou Corp. | April 24, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Foshan Haitian Flavouring & Food Co., Ltd. | May 11, 2026 | Approve 2026 A Share Employee Stock Ownership Scheme (Draft) and Its Summary | Compensation | Board | AGAINST | 5 | |
| Foshan Haitian Flavouring & Food Co., Ltd. | May 11, 2026 | Approve Administrative Measures for the 2026 A Share Employee Stock Ownership Scheme | Compensation | Board | AGAINST | 5 | |
| Foshan Haitian Flavouring & Food Co., Ltd. | May 11, 2026 | Authorize the Board of Directors to Handle Matters in Relation to the 2026 A Share Employee Stock Ownership Scheme | Compensation | Board | AGAINST | 5 | |
| Fositek Corp. | May 26, 2026 | Elect a Representative of Xinghe Investment Co., Ltd., with Shareholder No. 00000093, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| Fourlis Holdings SA | June 12, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Fox-Wizel Ltd. | December 31, 2025 | Reappoint Ernst & Young Israel Kost Forer Gabbay & Kasierer as Auditors and Report on Auditors' Fees | Audit-related | Board | AGAINST | 5 | |
| Friedrich Vorwerk Group SE | June 1, 2026 | Approve Management Board Remuneration Policy | Compensation | Board | AGAINST | 5 | |
| Frontline Plc | December 8, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Frontline Plc | December 8, 2025 | Authorize Issuance of Debentures or Other Securities Convertible into Ordinary Shares without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Frontline Plc | December 8, 2025 | Authorize Issuance of Equity without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Frontline Plc | December 8, 2025 | Reelect Orjan Svanevik as Director | Director Elections | Board | AGAINST | 5 | |
| Fujian Kuncai Material Technology Co., Ltd. | September 11, 2025 | Approve Equity Transfer | Extraordinary Transactions | Board | AGAINST | 5 | |
| Fujian Star-Net Communication Co., Ltd. | May 12, 2026 | Approve Credit Usage and Bill Pool Plan | Capital Structure | Board | AGAINST | 5 | |
| Fujian Wanchen Food Group Co., Ltd. | April 7, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Fujio Food Group, Inc. | March 27, 2026 | Appoint Statutory Auditor Hara, Mitsuhiro | Compensation | Board | AGAINST | 5 | |
| Fujio Food Group, Inc. | March 27, 2026 | Appoint Statutory Auditor Zushi, Yusuke | Compensation | Board | AGAINST | 5 | |
| Fujio Food Group, Inc. | March 27, 2026 | Elect Director Fujio, Masahiro | Director Elections | Board | AGAINST | 5 | |
| Fulin Precision Co., Ltd. | May 19, 2026 | Approve Application of Bank Credit Lines and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Fulin Precision Co., Ltd. | May 19, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Fulltech Fiber Glass Corp. | June 23, 2026 | Elect a Representative of DA TAI INVESTMENT CO., LTD, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| G Mining Ventures Corp. | June 26, 2026 | Elect Director David Fennell | Director Elections | Board | AGAINST | 5 | |
| G Mining Ventures Corp. | June 26, 2026 | Elect Director Elif Levesque | Director Elections | Board | AGAINST | 5 | |
| G Mining Ventures Corp. | June 26, 2026 | Elect Director Norman MacDonald | Director Elections | Board | AGAINST | 5 | |
| G Mining Ventures Corp. | June 26, 2026 | Elect Director Sonia Zagury | Director Elections | Board | AGAINST | 5 | |
| G Mining Ventures Corp. | June 26, 2026 | Elect Director Vincent Benoit | Director Elections | Board | AGAINST | 5 | |
| G R Infraprojects Ltd. | September 19, 2025 | Approve Reappointment and Remuneration of Vikas Agarwal as Whole-Time Director | Compensation | Board | AGAINST | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.