Home › Asset managers › Vanguard › 2024-2025 › Against the board
At least 6,065 proposals in the 2024-2025 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 65 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
6,065 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 |
|---|---|---|---|---|---|---|---|
| APA GROUP | October 24, 2024 | Approve Conditional Spill Resolution | Compensation | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Elect Felix Graf as Director | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Ratify PricewaterhouseCoopers AG as Auditors | Audit-related | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reappoint Markus Scheidegger as Member of the Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reelect Daniel Hofer as Board Chair | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reelect Daniel Hofer as Director | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reelect David Bourg as Director | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reelect Markus Scheidegger as Director | Director Elections | Board | AGAINST | 6 | |
| APG SGA SA | April 24, 2025 | Reelect Xavier Le Clef as Director | Director Elections | Board | AGAINST | 6 | |
| APR CO. LTD. | March 31, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 6 | |
| ARAMIS GROUP SAS | February 4, 2025 | Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 497,140 | Capital Structure | Board | AGAINST | 6 | |
| ARAMIS GROUP SAS | February 4, 2025 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 6 | |
| ARAMIS GROUP SAS | February 4, 2025 | Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 6 | |
| ARAMIS GROUP SAS | February 4, 2025 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights with a Binding Priority Right up to Aggregate Nominal Amount of EUR 497,140 | Capital Structure | Board | AGAINST | 6 | |
| ARBONIA AG | April 25, 2025 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 6 | |
| ARBONIA AG | April 25, 2025 | Approve Remuneration of Executive Committee in the Amount of CHF 2.2 Million | Compensation | Board | AGAINST | 6 | |
| ARBONIA AG | April 25, 2025 | Reelect Alexander von Witzleben as Director, Board Chair, and Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| ARBONIA AG | April 25, 2025 | Reelect Markus Oppliger as Director and Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| ARBONIA AG | April 25, 2025 | Reelect Peter Barandun as Director and Member of the Nomination and Compensation Committee | Director Elections | Board | AGAINST | 6 | |
| ARCLANDS CORP. | May 29, 2025 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Compensation of Aymar de Germay, Management Board Member | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Compensation of Francis Albertinelli, Management Board Member | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Compensation of Ronan Le Lan, Chairman of the Management Board | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Compensation of Stephane Cassagne, Management Board Member | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Issuance of Equity or Equity-Linked Securities for up to 20 Percent of Issued Capital Per Year for Private Placements | Capital Structure | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Remuneration Policy of Chairman of the Management Board | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Approve Remuneration Policy of Management Board Members | Compensation | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above | Capital Structure | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Authorize Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind | Capital Structure | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 20 Million | Capital Structure | Board | AGAINST | 6 | |
| ARGAN SA | March 20, 2025 | Reelect Hubert Rodarie as Supervisory Board Member | Director Elections | Board | AGAINST | 6 | |
| ARIAKE JAPAN CO. LTD. | June 20, 2025 | Approve Bonus Related to Retirement Bonus System Abolition | Compensation | Board | AGAINST | 6 | |
| ARIAKE JAPAN CO. LTD. | June 20, 2025 | Approve Director Retirement Bonus | Compensation | Board | AGAINST | 6 | |
| ARION BANKI HF | March 12, 2025 | Elect Directors | Director Elections | Board | AGAINST | 6 | |
| ARION BANKI HF | March 12, 2025 | Elect Two Members of Nominating Committee | Director Elections | Board | AGAINST | 6 | |
| ARISTON HOLDING NV | June 3, 2025 | Amend 2023 and 2024 Long Term Incentive Plan Rules | Compensation | Board | AGAINST | 6 | |
| ARISTON HOLDING NV | June 3, 2025 | Amend Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| ARISTON HOLDING NV | June 3, 2025 | Approve 2025 Share Unit Plan | Compensation | Board | AGAINST | 6 | |
| ARISTON HOLDING NV | June 3, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| ARJO AB | April 29, 2025 | Reelect Ulrika Dellby as Director | Director Elections | Board | AGAINST | 6 | |
| ARNOLDO MONDADORI EDITORE SPA | April 16, 2025 | Approve Second Section of the Remuneration Report | Compensation | Board | AGAINST | 6 | |
| ASAHI GROUP HOLDINGS LTD. | March 26, 2025 | Elect Director Katsuki, Atsushi | Director Elections | Board | AGAINST | 6 | |
| ASAHI GROUP HOLDINGS LTD. | March 26, 2025 | Elect Director Sakita, Kaoru | Director Elections | Board | AGAINST | 6 | |
| ASAHI GROUP HOLDINGS LTD. | March 26, 2025 | Elect Director Sasae, Kenichiro | Director Elections | Board | AGAINST | 6 | |
| ASAHI GROUP HOLDINGS LTD. | March 26, 2025 | Elect Director Tanimura, Keizo | Director Elections | Board | AGAINST | 6 | |
| ASAHI YUKIZAI CORP. | June 18, 2025 | Elect Director Nakano, Kazuya | Director Elections | Board | AGAINST | 6 | |
| ASAHI YUKIZAI CORP. | June 18, 2025 | Elect Director and Audit Committee Member Kashiwagi, Masato | Director Elections | Board | AGAINST | 6 | |
| ASKA PHARMACEUTICAL HOLDINGS CO. LTD. | June 24, 2025 | Appoint Statutory Auditor Chiku, Kazuhiro | Compensation | Board | AGAINST | 6 | |
| ASKA PHARMACEUTICAL HOLDINGS CO. LTD. | June 24, 2025 | Appoint Statutory Auditor Gunji, Kunihiro | Compensation | Board | AGAINST | 6 | |
| ASOS PLC | August 20, 2024 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| ASOS PLC | August 20, 2024 | Approve Value Creation Plan | Compensation | Board | AGAINST | 6 | |
| ASOS PLC | January 22, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| ASSECO POLAND SA | May 14, 2025 | Amend Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| ASSECO POLAND SA | May 14, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Re-elect Anne Stevens as Director | Director Elections | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Re-elect Daniel Li as Director | Director Elections | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Re-elect Lawrence Stroll as Director | Director Elections | Board | AGAINST | 6 | |
| ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC | May 7, 2025 | Re-elect Natalie Massenet as Director | Director Elections | Board | AGAINST | 6 | |
| ASTRAL LTD. | August 23, 2024 | Approve Reappointment and Remuneration of Jagruti Engineer as Whole-Time Director | Compensation | Board | AGAINST | 6 | |
| ASTRAL LTD. | August 23, 2024 | Reelect Girish Joshi as Director | Director Elections | Board | AGAINST | 6 | |
| ATEA ASA | April 29, 2025 | Approve Remuneration Statement (Advisory Vote) | Compensation | Board | AGAINST | 6 | |
| ATLAS COPCO AB | April 29, 2025 | Reelect Hans Straberg as Board Chair | Director Elections | Board | AGAINST | 6 | |
| ATLAS COPCO AB | April 29, 2025 | Reelect Hans Straberg as Director | Director Elections | Board | AGAINST | 6 | |
| ATLAS COPCO AB | April 29, 2025 | Reelect Peter Wallenberg Jr as Director | Director Elections | Board | AGAINST | 6 | |
| ATRESMEDIA CORPORACION DE MEDIOS DE COMUNICACION SA | April 29, 2025 | Amend Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| AUSTEVOLL SEAFOOD ASA | May 28, 2025 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 6 | |
| AUSTEVOLL SEAFOOD ASA | May 28, 2025 | Approve Remuneration Statement | Compensation | Board | AGAINST | 6 | |
| AUSTRALIAN AGRICULTURAL COMPANY LTD. | July 25, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| AUSTRALIAN AGRICULTURAL COMPANY LTD. | July 25, 2024 | Elect Donald McGauchie as Director | Director Elections | Board | AGAINST | 6 | |
| AUSTRALIAN CLINICAL LABS LTD. | October 25, 2024 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| AUSTRALIAN CLINICAL LABS LTD. | October 25, 2024 | Elect Michael Alscher as Director | Director Elections | Board | AGAINST | 6 | |
| AUSTRALIAN ETHICAL INVESTMENT LTD. | November 12, 2024 | Approve Contingent Spill Resolution | Compensation | Board | AGAINST | 6 | |
| AUTO1 GROUP SE | June 4, 2025 | Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 2.8 Billion; Approve Creation of EUR 43.9 Million Pool of Capital to Guarantee Conversion Rights | Capital Structure | Board | AGAINST | 6 | |
| AUTO1 GROUP SE | June 4, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 | |
| AUTO1 GROUP SE | June 4, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| AUTO1 GROUP SE | June 4, 2025 | Approve Stock Option Plan for Key Employees; Approve Creation of EUR 6.2 Million Pool of Conditional Capital to Guarantee Conversion Rights | Compensation | Board | AGAINST | 6 | |
| AUTOHELLAS SA | April 8, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 6 | |
| AUTOHELLAS SA | April 8, 2025 | Approve Stock Award to Executives | Compensation | Board | AGAINST | 6 | |
| AUTONEUM HOLDING AG | April 2, 2025 | Approve Creation of Capital Band with an Upper Limit of CHF 438,034 with or without Exclusion of Preemptive Rights | Capital Structure | Board | AGAINST | 6 | |
| AUTONEUM HOLDING AG | April 2, 2025 | Reelect Martin Kloeti as Director | Director Elections | Board | AGAINST | 6 | |
| AUTOSTORE HOLDINGS LTD. | May 20, 2025 | Approve Remuneration Statement | Compensation | Board | AGAINST | 6 | |
| AVANZA BANK HOLDING AB | April 24, 2025 | Reelect John Hedberg as Director | Director Elections | Board | AGAINST | 6 | |
| AVANZA BANK HOLDING AB | April 24, 2025 | Reelect John Hedberg as Vice Chair | Director Elections | Board | AGAINST | 6 | |
| AVANZA BANK HOLDING AB | April 24, 2025 | Reelect Sven Hagstromer as Board Chair | Director Elections | Board | AGAINST | 6 | |
| AVANZA BANK HOLDING AB | April 24, 2025 | Reelect Sven Hagstromer as Director | Director Elections | Board | AGAINST | 6 | |
| AWA BANK LTD. | June 27, 2025 | Elect Director Nagaoka, Susumu | Director Elections | Board | AGAINST | 6 | |
| AXIAL RETAILING INC. | June 19, 2025 | Appoint Statutory Auditor Takahashi, Tetsuya | Compensation | Board | AGAINST | 6 | |
| AZELIS GROUP NV | May 8, 2025 | Reelect Bert Janssens as Director | Director Elections | Board | AGAINST | 6 | |
| AZRIELI GROUP LTD. | September 24, 2024 | Reappoint Deloitte Brightman, Almagor, Zohar & Co. as Auditors | Audit-related | Board | AGAINST | 6 | |
| AZRIELI GROUP LTD. | September 24, 2024 | Reelect Ariel Kor as Director | Director Elections | Board | AGAINST | 6 | |
| AZRIELI GROUP LTD. | September 24, 2024 | Reelect Irit Sekler-Pilosof as Director | Director Elections | Board | AGAINST | 6 | |
| AZRIELI GROUP LTD. | September 24, 2024 | Reelect Menachem Einan as Director | Director Elections | Board | AGAINST | 6 | |
| BACHEM HOLDING AG | April 30, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 6 | |
| BAJAJ AUTO LTD. | April 30, 2025 | Approve Reappointment and Remuneration of Rajivnayan Rahulkumar Bajaj as Managing Director and Chief Executive Officer | Compensation | Board | AGAINST | 6 | |
| BAKKT HOLDINGS INC. | June 17, 2025 | To approve, on a non-binding advisory basis, of the compensation of our named executive officers. | Say-on-Pay | Board | AGAINST | 6 | |
| BALAJI AMINES LTD. | March 23, 2025 | Approve Providing Loan to Balaji Speciality Chemicals Limited | Capital Structure | Board | AGAINST | 6 | |
| BANCA IFIS SPA | April 17, 2025 | Approve Remuneration Policy | Compensation | Board | AGAINST | 6 |
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Built November 7, 2026 from SEC Form N-PX filings.