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 |
|---|---|---|---|---|---|---|---|
| Arkema SA | May 21, 2026 | Elect Uwe Michael Jakobs as Representative of Employee Shareholders to the Board | Director Elections | Board | AGAINST | 7 | |
| Arrivent BioPharma, Inc. | June 18, 2026 | Election of Directors: James Healy, M.D., Ph.D. | Director Elections | Board | WITHHOLD | 7 | |
| Athens International Airport SA | April 15, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Athens International Airport SA | April 15, 2026 | Approve Distribution of Retained Earnings to Management and Executives | Compensation | Board | AGAINST | 7 | |
| Atlas Copco AB | April 28, 2026 | Reelect Hans Straberg as Board Chair | Director Elections | Board | AGAINST | 7 | |
| Atlas Copco AB | April 28, 2026 | Reelect Hans Straberg as Director | Director Elections | Board | AGAINST | 7 | |
| Atlas Copco AB | April 28, 2026 | Reelect Peter Wallenberg Jr as Director | Director Elections | Board | AGAINST | 7 | |
| AutoStore Holdings Ltd. | May 19, 2026 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 7 | |
| AutoStore Holdings Ltd. | May 19, 2026 | Approve Remuneration Statement | Compensation | Board | AGAINST | 7 | |
| Autohellas SA | April 22, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Autohellas SA | April 22, 2026 | Approve Stock Award to Executives | Compensation | Board | AGAINST | 7 | |
| Axfood AB | March 18, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Axfood AB | March 18, 2026 | Elect Carolin Berg as Board Chair | Director Elections | Board | AGAINST | 7 | |
| Axfood AB | March 18, 2026 | Reelect Caroline Berg as Director | Director Elections | Board | AGAINST | 7 | |
| Axfood AB | March 18, 2026 | Reelect Mia Brunell Livfors as Director | Director Elections | Board | AGAINST | 7 | |
| Aygaz AS | March 11, 2026 | Approve Director Remuneration | Compensation | Board | AGAINST | 7 | |
| Ayvens SA | May 13, 2026 | Approve Compensation of Philippe de Rovira, CEO From Decembre 1, 2025 | Compensation | Board | AGAINST | 7 | |
| Ayvens SA | May 13, 2026 | Approve Remuneration Policy of Philippe de Rovira, CEO | Compensation | Board | AGAINST | 7 | |
| Azbil Corp. | June 24, 2026 | Elect Director Nishizawa, Junichi | Director Elections | Board | AGAINST | 7 | |
| Azbil Corp. | June 24, 2026 | Elect Director Yokota, Takayuki | Director Elections | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Advisory Vote to Approve Named Executive Officer Compensation for 2025 | Compensation | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Election of Director: Amy A. Wendell | Director Elections | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Election of Director: Brent Shafer | Director Elections | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Election of Director: David S. Wilkes, M.D. | Director Elections | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Election of Director: Nancy M. Schlichting | Director Elections | Board | AGAINST | 7 | |
| BAXTER INTERNATIONAL INC. | May 5, 2026 | Election of Director: Patricia B. Morrison | Director Elections | Board | AGAINST | 7 | |
| BEACON FINANCIAL CORPORATION | May 13, 2026 | Elect Directors: David M. Brunelle | Director Elections | Board | ABSTAIN | 7 | |
| BEST BUY CO., INC. | June 12, 2026 | Election of Director: Mario J. Marte | Director Elections | Board | AGAINST | 7 | |
| BEST BUY CO., INC. | June 12, 2026 | Election of Director: Steven E. Rendle | Director Elections | Board | AGAINST | 7 | |
| BEST BUY CO., INC. | June 12, 2026 | To approve in a non-binding advisory vote our named executive officer compensation | Compensation | Board | AGAINST | 7 | |
| BIM Birlesik Magazalar AS | December 19, 2025 | Approve Share Capital Increase with Preemptive Rights | Capital Structure | Board | AGAINST | 7 | |
| BIOMARIN PHARMACEUTICAL INC. | June 2, 2026 | Election of Director: Elizabeth M. Anderson | Director Elections | Board | AGAINST | 7 | |
| BIOMARIN PHARMACEUTICAL INC. | June 2, 2026 | Election of Director: Ian T. Clark | Director Elections | Board | AGAINST | 7 | |
| BIOMARIN PHARMACEUTICAL INC. | June 2, 2026 | Election of Director: Maykin Ho | Director Elections | Board | AGAINST | 7 | |
| BIOMARIN PHARMACEUTICAL INC. | June 2, 2026 | Election of Director: Robert J. Hombach | Director Elections | Board | AGAINST | 7 | |
| BIOMARIN PHARMACEUTICAL INC. | June 2, 2026 | Election of Director: Willard Dere | Director Elections | Board | AGAINST | 7 | |
| BKV Corp. | June 11, 2026 | Election of Class II Directors: Akaraphong Dayananda | Director Elections | Board | WITHHOLD | 7 | |
| BKV Corp. | June 11, 2026 | Election of Class II Directors: Thiti Mekavichai | Director Elections | Board | WITHHOLD | 7 | |
| BORGWARNER INC. | April 29, 2026 | Election of Director: Alexis P. Michas | Director Elections | Board | AGAINST | 7 | |
| BRC Group Holdings, Inc. | May 19, 2026 | To approve, on an advisory basis, the compensation of our named executive officers. | Say-on-Pay | Board (inferred) | AGAINST | 7 | |
| BRIGHTHOUSE FINANCIAL, INC. | June 2, 2026 | Ratification of the appointment of Deloitte & Touche LLP as Brighthouse Financial's independent registered public accounting firm for fiscal year 2026 | Audit-related | Board | AGAINST | 7 | |
| BRUKER CORPORATION | May 21, 2026 | Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026. | Audit-related | Board | AGAINST | 7 | |
| Bajaj Auto Limited | June 16, 2026 | Approve Reappointment and Remuneration of Pradeep Shrivastava as Whole Time Director Designated as Executive Director | Compensation | Board | AGAINST | 7 | |
| Bakkafrost P/F | April 30, 2026 | Approve Remuneration Policy And Other Terms of Employment For Executive Management | Compensation | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Approve Remuneration of Board Chair | Compensation | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Antonella Centra as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Francesca Pace as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Gianluca Brancadoro as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Gianmarco Montanari as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Paola Lucantoni as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Renato Sala as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Rosa Cipriotti as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Monte dei Paschi di Siena SpA | April 15, 2026 | Elect Simonetta Iarlori as Director | Director Elections | Board | AGAINST | 7 | |
| Banca Transilvania SA | April 28, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Banca Transilvania SA | April 28, 2026 | Approve Share Repurchase Program to Implement Stock Option Plan | Compensation | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Elisa Corghi as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Giorgio Mion as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Manuela Soffientini as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Marco Bragadin as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Milena Teresa Motta as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Pietro Grassano as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Savino Casamassima as Director | Director Elections | Board | AGAINST | 7 | |
| Banco BPM SpA | April 16, 2026 | Elect Teresa Naddeo as Director | Director Elections | Board | AGAINST | 7 | |
| Banco Itau Chile | April 9, 2026 | Elect Directors | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Hernan Buchi Buc as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Jean-Paul Luksic Fontbona as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Julio Figueroa as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Oscar Hasbun Martinez as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Pablo Granifo Lavin as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Patricio Jottar Nasrallah as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Chile SA | March 26, 2026 | Elect Vivianne Caumont as Director | Director Elections | Board | AGAINST | 7 | |
| Banco de Credito e Inversiones SA | April 9, 2026 | Elect Susana Jimenez Schuster as Director | Director Elections | Board | AGAINST | 7 | |
| Banco del Bajio SA, Institucion de Banca Multiple | April 29, 2026 | Elect and/or Ratify Salvador Onate Barron as Board Chair | Director Elections | Board | AGAINST | 7 | |
| Banco del Bajio SA, Institucion de Banca Multiple | April 29, 2026 | Elect and/or Ratify Salvador Onate Barron as Director | Director Elections | Board | AGAINST | 7 | |
| Banco do Brasil SA | April 29, 2026 | Authorize Alienation of Treasury Shares (BBAS3) to Certain Bank's Subsidiaries for the Purpose of Enabling Those Subsidiaries to Pay the Equity Portion of the Annual Variable Compensation of Their Administrators | Compensation | Board | AGAINST | 7 | |
| Banco do Brasil SA | April 29, 2026 | Authorize Alienation of Treasury Shares (BBAS3) to Enable the Granting of Employee Incentives under Incentive Programs Regulated by the Bank | Compensation | Board | AGAINST | 7 | |
| Bank Polska Kasa Opieki SA | May 28, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Bank of Baroda | June 23, 2026 | Approve Reappointment and Remuneration of Lalit Tyagi as Executive Director | Compensation | Board | AGAINST | 7 | |
| Bank of Baroda | June 23, 2026 | Approve Reappointment and Remuneration of Sanjay Vinayak Mudaliar as Executive Director | Compensation | Board | AGAINST | 7 | |
| Bank of Baroda | June 23, 2026 | Elect Ashish Madhaorao More as Director | Director Elections | Board | AGAINST | 7 | |
| Bank of Shanghai Co., Ltd. | August 8, 2025 | Approve Adjustment of the Authorization of the General Meeting of Shareholders to the Board of Directors for the Issuance of Financial Bonds | Capital Structure | Board | AGAINST | 7 | |
| Bank of Shanghai Co., Ltd. | December 26, 2025 | Amend Remuneration Management System for Directors | Compensation | Board | AGAINST | 7 | |
| Bid Corp. Ltd. | October 30, 2025 | Re-elect Brian Joffe as Director | Director Elections | Board | AGAINST | 7 | |
| Birkenstock Holding Plc | April 29, 2026 | Elect Director Alexandre Arnault | Director Elections | Board | AGAINST | 7 | |
| Birkenstock Holding Plc | April 29, 2026 | Elect Director Oliver Reichert | Director Elections | Board | AGAINST | 7 | |
| Borouge Plc | April 7, 2026 | Approve Remuneration of Directors for FY 2025 | Compensation | Board | AGAINST | 7 | |
| Borouge Plc | June 26, 2026 | Approve Board's Recommendation Regarding the Appointment of KPMG as Company's Auditors effective from the Second Quarter of the Current Financial Year 2026 | Audit-related | Board | AGAINST | 7 | |
| Brembo NV | April 29, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 7 | |
| Brembo NV | April 29, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 7 | |
| Broadcom Inc. | April 20, 2026 | Election of Directors: Harry L. You | Director Elections | Board | AGAINST | 7 | |
| Buzzi SpA | May 13, 2026 | Approve Remuneration Policy | Compensation | Board | AGAINST | 7 | |
| CA Immobilien Anlagen AG | May 6, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 7 | |
| CALIFORNIA WATER SERVICE GROUP | May 20, 2026 | Election of Director: Charles R. Patton | Director Elections | Board | AGAINST | 7 | |
| CALIFORNIA WATER SERVICE GROUP | May 20, 2026 | Election of Director: Scott L. Morris | Director Elections | Board | AGAINST | 7 | |
| CF INDUSTRIES HOLDINGS, INC. | April 28, 2026 | Advisory vote to approve the compensation of CF Industries Holdings, Inc.'s named executive officers. | Compensation | Board | AGAINST | 7 | |
| CHARLES RIVER LABORATORIES INTL., INC. | May 5, 2026 | 2026 Long-Term Incentive Plan | Compensation | Board | AGAINST | 7 | |
| CHARLES RIVER LABORATORIES INTL., INC. | May 5, 2026 | Election of Director: Craig B. Thompson | Director Elections | Board | AGAINST | 7 | |
| CHARTER COMMUNICATIONS, INC. | April 21, 2026 | Election of Director: Kim C. Goodman | Director Elections | Board | AGAINST | 7 | |
| CHARTER COMMUNICATIONS, INC. | April 21, 2026 | Election of Director: Mauricio Ramos | Director Elections | Board | AGAINST | 7 | |
| CHARTER COMMUNICATIONS, INC. | April 21, 2026 | Election of Director: Michael A. Newhouse | Director Elections | Board | AGAINST | 7 |
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Built November 7, 2026 from SEC Form N-PX filings.