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 |
|---|---|---|---|---|---|---|---|
| KNOWLES CORPORATION | April 28, 2026 | Election of Director: Keith Barnes | Director Elections | Board | AGAINST | 5 | |
| KNR Constructions Limited | September 25, 2025 | Approve Reappointment and Remuneration of K Jalandhar Reddy as Executive Director | Compensation | Board | AGAINST | 5 | |
| KNR Constructions Limited | September 25, 2025 | Approve Reappointment and Remuneration of K Narsimha Reddy as Managing Director | Compensation | Board | AGAINST | 5 | |
| KNR Constructions Limited | September 25, 2025 | Reelect K Jalandhar Reddy as Director | Director Elections | Board | AGAINST | 5 | |
| KOREA AEROSPACE INDUSTRIES Ltd. | March 26, 2026 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| KPC Pharmaceuticals, Inc. | June 29, 2026 | Approve Remuneration of Company Related Personnel | Compensation | Board | AGAINST | 5 | |
| KPI Green Energy Ltd. | September 26, 2025 | Approve Increase in Limits for Loans and Investments by the Company | Capital Structure | Board | AGAINST | 5 | |
| KPJ Healthcare Berhad | June 16, 2026 | Elect Rozaini bin Mohd Sani as Director | Director Elections | Board | AGAINST | 5 | |
| Kaori Heat Treatment Co., Ltd. | May 29, 2026 | Approve Issuance of Shares via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| Karel Elektronik Sanayi ve Ticaret AS | October 30, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Karel Elektronik Sanayi ve Ticaret AS | April 24, 2026 | Approve Debt Issuance | Capital Structure | Board | AGAINST | 5 | |
| Karel Elektronik Sanayi ve Ticaret AS | April 24, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Karel Elektronik Sanayi ve Ticaret AS | April 24, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Karsan Otomotiv Sanayii ve Ticaret AS | August 12, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Karsan Otomotiv Sanayii ve Ticaret AS | August 12, 2025 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Karsan Otomotiv Sanayii ve Ticaret AS | April 30, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Katilimevim Tasarruf Finansman AS | March 12, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Kaynes Technology India Ltd. | September 11, 2025 | Approve to Grant Loans and Guarantees to Any Bodies Corporate and Persons and Investments in Any Body Corporate Under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 5 | |
| Keboda Technology Co., Ltd. | May 14, 2026 | Approve Credit Line Application and Guarantee Matters | Capital Structure | Board | AGAINST | 5 | |
| Kervan Gida Sanayi ve Ticaret AS | June 15, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Keshun Waterproof Technologies Co., Ltd. | May 15, 2026 | Approve to Appoint Auditor | Audit-related | Board | AGAINST | 5 | |
| Kidswant Children Products Co., Ltd. | May 13, 2026 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| Kimteks Poliuretan Sanayi ve Ticaret AS | June 4, 2026 | Appoint Auditor for Sustainability Reporting for 2026 | Audit-related | Board | AGAINST | 5 | |
| Kimteks Poliuretan Sanayi ve Ticaret AS | June 4, 2026 | Approve Director Remuneration and Receive Information on Director Remuneration Paid in 2025 | Compensation | Board | AGAINST | 5 | |
| Kingfa Sci. & Tech. Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Kirloskar Pneumatic Co. Ltd. | July 22, 2025 | Reelect Atul C Kirloskar as Director | Director Elections | Board | AGAINST | 5 | |
| Kirloskar Pneumatic Co. Ltd. | March 22, 2026 | Approve Appointment and Remuneration of Aman Rahul Kirloskar as Director and Managing Director | Compensation | Board | AGAINST | 5 | |
| Kongsberg Gruppen ASA | April 13, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 5 | |
| Konka Group Co., Ltd. | August 14, 2025 | Elect Song Qing as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| Konka Group Co., Ltd. | August 14, 2025 | Elect Sun Yongqiang as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| Konya Cimento Sanayii AS | March 31, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Kordsa Teknik Tekstil AS | March 30, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Kordsa Teknik Tekstil AS | March 30, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| Kordsa Teknik Tekstil AS | March 30, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Koza Anadolu Metal Madencilik Isletmeleri AS | October 23, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Koza Anadolu Metal Madencilik Isletmeleri AS | October 23, 2025 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Krishna Institute of Medical Sciences Ltd. | August 29, 2025 | Reelect Abhinay Bollineni as Director | Director Elections | Board | AGAINST | 5 | |
| Kunlun Tech Co., Ltd. | November 3, 2025 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Kunlun Tech Co., Ltd. | December 24, 2025 | Approve 2026 Provision of Guarantee for Controlled Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| Kunlun Tech Co., Ltd. | December 24, 2025 | Approve Credit Line Used by Controlled Subsidiary and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Kura Sushi, Inc. | January 28, 2026 | Elect Director Tanaka, Kunihiko | Director Elections | Board | AGAINST | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Authorize Issuance of Capital or Funding Sukuk or Other Shariah Compliant Debt Funding Instruments and Authorize Board to Set Terms of Issuance | Capital Structure | Board | AGAINST | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Abdulazeez Al Nafeesi as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Abdullah Al Mudeeris as a Non-Independent Director Representing | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Badr Al Rabeeah as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Fahd Al Ghanim as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Hamad Al Marzouq as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Hanan Al Faris as a Non-Independent Director Representing The Public Institution for Social Security | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Khalid Al Nisf as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Mohammed Al Fouzan as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Muath Al Oseemi as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuwait Finance House KSC | March 30, 2026 | Elect Nour Abid as a Non-Independent Director | Director Elections | Board | ABSTAIN | 5 | |
| Kuyas Yatirim AS | February 18, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Kuyas Yatirim AS | February 18, 2026 | Elect Directors | Director Elections | Board | AGAINST | 5 | |
| Kyokuto Securities Co., Ltd. | June 23, 2026 | Appoint Statutory Auditor Kaneko, Hiroyuki | Compensation | Board | AGAINST | 5 | |
| Kyokuto Securities Co., Ltd. | June 23, 2026 | Appoint Statutory Auditor Tsukuni, Nobuo | Compensation | Board | AGAINST | 5 | |
| Kyokuto Securities Co., Ltd. | June 23, 2026 | Elect Director Kikuchi, Kazuhiro | Director Elections | Board | AGAINST | 5 | |
| L&T Technology Services Limited | January 18, 2026 | Amend L&T Technology Services Limited Employee Stock Option Scheme 2016 | Compensation | Board | AGAINST | 5 | |
| L&T Technology Services Limited | June 1, 2026 | Reelect Keshab Panda as Director | Director Elections | Board | AGAINST | 5 | |
| LDR Turizm AS | April 8, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| LDR Turizm AS | April 8, 2026 | Approve Share Capital Increase without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| LDR Turizm AS | April 8, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Angela Barbee | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Jai Shah | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Joseph W. McClanathan | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Karl G. Glassman | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Mary Campbell | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Phoebe A. Wood | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Robert E. Brunner | Director Elections | Board | AGAINST | 5 | |
| LEGGETT & PLATT, INCORPORATED | May 21, 2026 | Election of Director: Srikanth Padmanabhan | Director Elections | Board | AGAINST | 5 | |
| LIBERTY GLOBAL LTD. | June 23, 2026 | Elect J. David Wargo | Director Elections | Board | WITHHOLD | 5 | |
| LIBERTY GLOBAL LTD. | June 23, 2026 | Elect Miranda Curtis | Director Elections | Board | WITHHOLD | 5 | |
| LIGAND PHARMACEUTICALS INCORPORATED | June 5, 2026 | Approval of an amendment and restatement of Ligand's 2002 Stock Incentive Plan | Compensation | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: Brooke Story | Director Elections | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: Francesco Bianchi | Director Elections | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: Peter Wilver | Director Elections | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: Stacy Enxing Seng | Director Elections | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: Todd Schermerhorn | Director Elections | Board | AGAINST | 5 | |
| LIVANOVA PLC | June 10, 2026 | Election of Director: William Kozy | Director Elections | Board | AGAINST | 5 | |
| LONGi Green Energy Technology Co., Ltd. | May 22, 2026 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| LT Foods Limited | September 30, 2025 | Approve Grant of Employee Stock Options to the Employees of Subsidiary Company(ies) of the Company under LT Foods Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| LT Foods Limited | September 30, 2025 | Approve LT Foods Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| LT Foods Limited | September 30, 2025 | Approve Provision of Money by the Company for Purchase of Its Own Shares by the Trust/Trustees for the Benefit of Eligible Employees under the LT Foods Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| LT Foods Limited | September 30, 2025 | Approve Secondary Acquisition of Shares through Trust Route for the Implementation of LT Foods Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| LT Foods Limited | April 8, 2026 | Reelect Abhiram Seth as Director | Director Elections | Board | AGAINST | 5 | |
| LUCID GROUP, INC. | June 4, 2026 | Elect Andrew N. Liveris | Director Elections | Board | WITHHOLD | 5 | |
| LUCID GROUP, INC. | June 4, 2026 | Elect Nichelle Maynard-Elliott | Director Elections | Board | WITHHOLD | 5 | |
| LUCID GROUP, INC. | June 4, 2026 | Elect Turqi Alnowaiser | Director Elections | Board | WITHHOLD | 5 | |
| LUCID GROUP, INC. | June 4, 2026 | To approve the amendment and restatement of the Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan | Compensation | Board | AGAINST | 5 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Marie-Josee Kravis as Director | Director Elections | Board | AGAINST | 5 | |
| LVMH Moet Hennessy Louis Vuitton SE | April 23, 2026 | Reelect Natacha Valla as Director | Director Elections | Board | AGAINST | 5 | |
| Lagardere SA | May 5, 2026 | Approve Compensation of Arnaud Lagardere, Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| Lagardere SA | May 5, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| Larsen & Toubro Limited | June 5, 2026 | Approve Reappointment and Remuneration of R. Shankar Raman as President and Whole-time Director - Finance | Compensation | Board | AGAINST | 5 | |
| Leader Harmonious Drive Systems Co., Ltd. | May 13, 2026 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Leon's Furniture Limited | May 7, 2026 | Elect Director Edward Florian Leon | Director Elections | Board | WITHHOLD | 5 | |
| Leon's Furniture Limited | May 7, 2026 | Elect Director Frank Gagliano | Director Elections | Board | WITHHOLD | 5 | |
| Leon's Furniture Limited | May 7, 2026 | Elect Director Joseph Michael Leon, II | Director Elections | Board | WITHHOLD | 5 | |
| Leon's Furniture Limited | May 7, 2026 | Elect Director Lewis Mark Leon | Director Elections | Board | WITHHOLD | 5 | |
| Leon's Furniture Limited | May 7, 2026 | Elect Director Lisa Raitt | Director Elections | Board | WITHHOLD | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.