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 |
|---|---|---|---|---|---|---|---|
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Tariq Al Saad as Director | Director Elections | Board | ABSTAIN | 5 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Wael Al Bassam as Director | Director Elections | Board | ABSTAIN | 5 | |
| Mouwasat Medical Services Co. | December 4, 2025 | Elect Yasir Al Harbi as Director | Director Elections | Board | ABSTAIN | 5 | |
| Mrs. Bectors Food Specialities Ltd. | September 19, 2025 | Approve Reappointment and Remuneration of Anoop Bector as Managing Director | Compensation | Board | AGAINST | 5 | |
| Mrs. Bectors Food Specialities Ltd. | September 19, 2025 | Approve Reappointment and Remuneration of Ishaan Bector as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| Mrs. Bectors Food Specialities Ltd. | September 19, 2025 | Approve Reappointment and Remuneration of Suvir Bector as Whole-Time Director | Compensation | Board | AGAINST | 5 | |
| Myomo, Inc. | June 25, 2026 | Approve the adoption of Amendment No. 3 to the Myomo 2018 Stock Option and Incentive Plan, which increases the number of shares available under the Amended 2018 Plan by 1,833,000 shares; | Compensation | Board | AGAINST | 5 | |
| NBCC (India) Limited | September 24, 2025 | Elect Anjeev Kumar Jain as Director | Director Elections | Board | AGAINST | 5 | |
| NBCC (India) Limited | September 24, 2025 | Reelect Sanjeet as Director | Director Elections | Board | AGAINST | 5 | |
| NBCC (India) Limited | September 24, 2025 | Reelect Suman Kumar as Director | Director Elections | Board | AGAINST | 5 | |
| NGK Corp. | June 29, 2026 | Appoint Statutory Auditor Watanabe, Go | Compensation | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Approve B R Agrawal & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Elect Amitava Mukherjee as Director and Approve Appointment of Amitava Mukherjee as Chairman & Managing Director | Director Elections | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Elect Ashish Chatterjee as Director | Director Elections | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Elect Joydeep Dasgupta as Director | Director Elections | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Elect Priyadarshini Gaddam as Director | Director Elections | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Reelect Abhijit Narendra as Director | Director Elections | Board | AGAINST | 5 | |
| NMDC Steel Ltd. | August 28, 2025 | Reelect Vishwanath Suresh as Director | Director Elections | Board | AGAINST | 5 | |
| NRW Holdings Limited | November 27, 2025 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 5 | |
| NS United Kaiun Kaisha, Ltd. | June 25, 2026 | Elect Director Yamanaka, Kazuma | Director Elections | Board | AGAINST | 5 | |
| NXP Semiconductors N.V. | June 10, 2026 | Appoint Gregory Summe as non-executive director | Director Elections | Board | AGAINST | 5 | |
| NXP Semiconductors N.V. | June 10, 2026 | Appoint Karl-Henrik Sundstrom as non-executive director | Director Elections | Board | AGAINST | 5 | |
| Namura Shipbuilding Co., Ltd. | June 23, 2026 | Appoint Statutory Auditor Tanaka, Hideyuki | Compensation | Board | AGAINST | 5 | |
| Nan Pao Resins Chemical Co., Ltd. | May 29, 2026 | Elect a Representative of Pou Chien Enterprise Co., Ltd., with Shareholder No. 97, as Non-independent Director | Director Elections | Board | AGAINST | 5 | |
| Nanjing LES Information Technology Co., Ltd. | May 28, 2026 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| Nanjing Pharmaceutical Co., Ltd. | November 19, 2025 | Amend Management Measures for the Remuneration and Performance Appraisal of Enterprise Leaders | Compensation | Board | AGAINST | 5 | |
| Narayana Hrudayalaya Limited | August 29, 2025 | Approve Increase in the Limits for Providing Loans, Guarantee, Security and Making Investments under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 5 | |
| National Aluminium Company Limited | September 26, 2025 | Elect Abhay Kumar Behuria as Director (Finance) | Director Elections | Board | AGAINST | 5 | |
| National Aluminium Company Limited | September 26, 2025 | Elect Tapas Kumar Pattanayak as Director (HR) | Director Elections | Board | AGAINST | 5 | |
| National Aluminium Company Limited | September 26, 2025 | Elect Vivek Kumar Bajpai as Director | Director Elections | Board | AGAINST | 5 | |
| National Aluminium Company Limited | September 26, 2025 | Reelect Pankaj Kumar Sharma as Director | Director Elections | Board | AGAINST | 5 | |
| National Real Estate Co. | May 21, 2026 | Approve Listing the Shares of the Company or Its Subsidiaries in Stock Exchanges Outside Kuwait and Authorize the Board or Its Delegate to Execute all the Necessary Actions Related to this Matter | Capital Structure | Board | AGAINST | 5 | |
| National Real Estate Co. | May 21, 2026 | Authorize Issuance of Bonds/Sukuk and Authorize Board to Set all the Terms of Issuance | Capital Structure | Board | AGAINST | 5 | |
| Nazara Technologies Ltd. | January 15, 2026 | Approve Nazara Technologies Employee Stock Option Scheme 2025 | Compensation | Board | AGAINST | 5 | |
| Netweb Technologies India Ltd. | August 30, 2025 | Reelect Niraj Lodha as Director | Director Elections | Board | AGAINST | 5 | |
| Netweb Technologies India Ltd. | March 20, 2026 | Approve Reappointment and Remuneration of Niraj Lodha as Whole Time Director | Compensation | Board | AGAINST | 5 | |
| Netweb Technologies India Ltd. | March 20, 2026 | Approve Reappointment and Remuneration of Vivek Lodha as Whole Time Director | Compensation | Board | AGAINST | 5 | |
| Next Vision Stabilized Systems Ltd. | August 21, 2025 | Reappoint Ziv Haft as Auditors and Report Fees Paid to Auditors | Audit-related | Board | AGAINST | 5 | |
| Next Vision Stabilized Systems Ltd. | August 21, 2025 | Reelect Nochman Benchaya as Director | Director Elections | Board | AGAINST | 5 | |
| NextNRG, Inc. | December 29, 2025 | To approve a change in our state of incorporation from Delaware to Nevada. | Extraordinary Transactions | Board | AGAINST | 5 | |
| Nikkiso Co., Ltd. | March 27, 2026 | Appoint Statutory Auditor Asakura, Hiroaki | Compensation | Board | AGAINST | 5 | |
| Ningbo Boway Alloy Material Co., Ltd. | May 12, 2026 | Approve External Guarantee Plan | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Jifeng Auto Parts Co., Ltd. | April 23, 2026 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Joyson Electronic Corp. | December 24, 2025 | Approve Provision of Guarantees Among Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Approve Estimated Guarantee Limits | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Approve Issuance of Ultra-short-term Financing Bills, Short-term Financing Bills and Medium-term Notes | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Joyson Electronic Corp. | May 12, 2026 | Authorize the Board to Handle, at Its Full Discretion, Applications by the Company and Its Subsidiaries for Comprehensive Credit Facilities from Relevant Financial Institutions | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Orient Wires & Cable Co., Ltd. | April 21, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 5 | |
| Ningbo Ronbay New Energy Technology Co., Ltd. | May 20, 2026 | Approve Credit Line Application and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Sanxing Medical Electric Co., Ltd. | May 15, 2026 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Shanshan Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Tuopu Group Co., Ltd. | July 3, 2025 | Approve 2025 Additional External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Tuopu Group Co., Ltd. | April 29, 2026 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Tuopu Group Co., Ltd. | April 29, 2026 | Approve Estimated Amount of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Yunsheng Co., Ltd. | May 8, 2026 | Approve Asset Pool Business | Capital Structure | Board | AGAINST | 5 | |
| Ningbo Zhenyu Technology Co., Ltd. | March 9, 2026 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| Nippon Coke & Engineering Co., Ltd. | June 26, 2026 | Elect Director Matsuoka, Hiroaki | Director Elections | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Reelect Christopher Ekdahl as Director | Director Elections | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Reelect Hans-Ole Jochumsen as Board Chair | Director Elections | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Reelect Hans-Ole Jochumsen as Director | Director Elections | Board | AGAINST | 5 | |
| Noba Bank Group AB | May 21, 2026 | Reelect Ricard Wennerklint as Director | Director Elections | Board | AGAINST | 5 | |
| Norinco International Cooperation Ltd. | March 27, 2026 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| North Atlantic Energies | June 24, 2026 | Approve Compensation Report | Compensation | Board | AGAINST | 5 | |
| North Atlantic Energies | June 24, 2026 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| Nsing Technologies, Inc. | May 15, 2026 | Authorize Board to Deal with Matters Relating to Small-Scale Rapid Financing | Capital Structure | Board | AGAINST | 5 | |
| Nuode New Materials Co., Ltd. | May 13, 2026 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| Nuode New Materials Co., Ltd. | May 13, 2026 | Approve Authorization of Management on Short-term Financing Matters | Capital Structure | Board | AGAINST | 5 | |
| Nuode New Materials Co., Ltd. | May 13, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Nxera Pharma Co., Ltd. | March 25, 2026 | Elect Director Christopher Cargill | Director Elections | Board | AGAINST | 5 | |
| Nxera Pharma Co., Ltd. | March 25, 2026 | Elect Director David Roblin | Director Elections | Board | AGAINST | 5 | |
| Nyocor Co., Ltd. | June 29, 2026 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| Nyocor Co., Ltd. | June 29, 2026 | Approve Formulation of Remuneration and Performance Appraisal Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 5 | |
| Nyocor Co., Ltd. | June 29, 2026 | Approve Remuneration and Remuneration Plan of Directors | Compensation | Board | AGAINST | 5 | |
| OFILM Group Co., Ltd. | February 12, 2026 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| OPTION CARE HEALTH, INC. | May 20, 2026 | Elect Directors: R. Carter Pate | Director Elections | Board | ABSTAIN | 5 | |
| OPTiM Corp. | June 25, 2026 | Elect Director Sugaya, Shunji | Director Elections | Board | AGAINST | 5 | |
| OY Nofar Energy Ltd. | September 11, 2025 | Approve Employment Terms of Ami Landau, CEO | Compensation | Board | AGAINST | 5 | |
| OY Nofar Energy Ltd. | November 26, 2025 | Appoint KPMG Somekh Chaikin as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 5 | |
| Odfjell Drilling Ltd. | June 16, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| Offcn Education Technology Co., Ltd. | May 20, 2026 | Approve Credit Line Application and External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| Olectra Greentech Limited | September 27, 2025 | Elect P. Rajesh Reddy as Director | Director Elections | Board | AGAINST | 5 | |
| Olectra Greentech Limited | September 27, 2025 | Reelect Peketi Rajesh Reddy as Director | Director Elections | Board | AGAINST | 5 | |
| Olectra Greentech Limited | December 23, 2025 | Approve Appointment and Remuneration of Mahesh Babu Subramanian as Managing Director | Compensation | Board | AGAINST | 5 | |
| Omni Bridgeway Limited | October 28, 2025 | Approve the Spill Resolution | Compensation | Board | AGAINST | 5 | |
| OneSource Specialty Pharma Ltd. | July 30, 2025 | Approve Revision in Remuneration of Neeraj Sharma as Managing Director | Compensation | Board | AGAINST | 5 | |
| OneSource Specialty Pharma Ltd. | September 22, 2025 | Reelect Arun Kumar as Director | Director Elections | Board | AGAINST | 5 | |
| Opple Lighting Co., Ltd. | November 18, 2025 | Approve Formulation of Remuneration Management System for Directors and Senior Managers | Compensation | Board | AGAINST | 5 | |
| Orbia Advance Corporation SAB de CV | April 8, 2026 | Approve Remuneration of Members of Board and Key Committees | Compensation | Board | AGAINST | 5 | |
| Orbia Advance Corporation SAB de CV | April 8, 2026 | Set Aggregate Nominal Amount of Share Repurchase Reserve | Capital Structure | Board | AGAINST | 5 | |
| Orient Electric Ltd. | July 25, 2025 | Approve Increase in Managerial Remuneration Payable to Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 5 | |
| Orient Electric Ltd. | February 22, 2026 | Approve Long-Term Incentives Program for Avani Birla, President- Strategy | Compensation | Board | AGAINST | 5 | |
| Otokar Otomotiv ve Savunma Sanayi AS | March 10, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Oyak Yatirim Menkul Degerler AS | April 27, 2026 | Appoint Auditor for Sustainability Reporting for 2024 and 2025 | Audit-related | Board | AGAINST | 5 | |
| Oyak Yatirim Menkul Degerler AS | April 27, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| Oyak Yatirim Menkul Degerler AS | April 27, 2026 | Ratify External Auditors | Audit-related | Board | AGAINST | 5 | |
| PACIRA BIOSCIENCES, INC. | June 9, 2026 | DOMA Nominees Opposed by the Company: Christopher Dennis | Director Elections | Board | WITHHOLD | 5 | |
| PACIRA BIOSCIENCES, INC. | June 9, 2026 | DOMA Nominees Opposed by the Company: Eric de Armas | Director Elections | Board | WITHHOLD | 5 | |
| PACIRA BIOSCIENCES, INC. | June 9, 2026 | DOMA Nominees Opposed by the Company: Oliver Benton Curtis III | Director Elections | Board | WITHHOLD | 5 |
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Built November 8, 2026 from SEC Form N-PX filings.