Investment Stewardship Insights

This piece provides rationale for how the Vanguard funds voted on certain shareholder proposals on the docket at Berkshire Hathaway’s annual meeting. 

This piece outlines rationale for why the Vanguard funds did not support several shareholder proposals related to human capital management matters.

This piece provides rationale for why the Vanguard funds withheld support for certain compensation committee members due to concerns about executive compensation. 

This piece provides rationale for the Vanguard funds’ support for the issuance of shares in connection with Skillsoft’s acquisition of Ryzac, Inc.

This piece provides rationale for why the Vanguard funds did not support a shareholder proposal that requested the board not use adjusted financial metrics when calculating executive compensation. 

This piece outlines our principles of good governance and our regional expectations and is designed to be read alongside our proxy voting policies. 

This piece provides rationale for the Vanguard funds’ support for a shareholder proposal focused on GHG emissions at the operator of members-only warehouse outlets.

This piece provides Vanguard’s perspective on the risks that coal production and consumption can pose to long-term investors. 

This piece provides the rationale for the Vanguard funds' votes on several shareholder proposals at the Australian utility. 

This piece provides the rationale for the Vanguard funds’ votes on several shareholder proposals at the package logistics company.

This piece provides the rationale for the Vanguard funds’ votes on several shareholder proposals at the footwear and apparel company.

This piece provides the rationale for the Vanguard funds’ votes on several shareholder proposals at the electric vehicle manufacturer.

This piece provides the rationale for the Vanguard funds' vote on a proposal asking shareholders to approve the biotech company's conversion to a public benefit corporation.

This piece discusses the Vanguard funds' votes and supporting rationale on climate proposals for the six months ended June 30, 2021.

This piece discusses the Vanguard funds' votes and supporting rationale on diversity proposals for the six months ended June 30, 2021.

This piece provides the rationale for the Vanguard funds' recent votes at Australia's largest utility.

This piece provides the rationale for our vote on a proxy contest involving risk oversight and shareholder rights at Box, Inc.

This piece provides the rationale for a vote on named executive officer compensation at the video game company.

This piece provides the rationale for a proxy contest vote related to oversight of strategy and risk at the footwear retailer.

This piece provides Vanguard’s rationale for a vote on a diversity, equity, and inclusion-related proposal at Amazon.

This piece provides the rationale for a vote on a human rights shareholder proposal at American Tower.

This piece provides Vanguard’s rationale for a vote on diversity, equity, and inclusion disclosures at PayPal.

This piece provides Vanguard’s rationale for votes on lobbying, climate, and diversity and inclusion disclosures at UPS.

In the wake of an independent investigation in Japan, this piece provides Vanguard's rationale for not supporting the reelection of several directors at Toshiba.

This piece provides the rationale for votes on executive remuneration and director elections at Boohoo.

This piece provides the rationale for a vote on a proposal requesting that Sempra publish a report on how its lobbying activities align with the goals of the Paris Agreement.

This piece provides the rationale for votes on proposals that focused on emissions reductions and lobbying activities at Phillips 66.

This piece provides the rationale for votes on climate-related proposals at Royal Dutch Shell.

Vanguard's rationale for a climate-related vote at Union Pacific.

This piece provides the rationale for votes on independent chair and political contributions proposals at Duke Energy.

This piece provides Vanguard's rationale for votes on independent chair and lobbying disclosure proposals at Dominion.

This piece provides the rationale for a vote on a climate-related shareholder proposal at BP plc.

This piece provides the rationale for our votes on a proxy contest and shareholder proposals related to material risk oversight at Exxon Mobil.

This piece provides Vanguard's rationale for a recent vote on diversity, equity, and inclusion disclosures at American Express.

This piece provides the rationale for recent votes on executive remuneration and director elections at Rio Tinto.

This piece provides Vanguard's rationale for recent climate-related votes at Santos Limited.

This piece provides Vanguard's rationale for a recent climate-related vote at Woodside Petroleum.

This piece provides the rationale for a vote on a greenhouse gas emissions reduction proposal at ConocoPhillips.

This piece provides the rationale for recent votes on director elections and lobbying policy at Boeing.

This piece provides Vanguard's rationale for a recent vote on executive remuneration at UniCredit.

This piece provides the rationale for a recent vote on human rights disclosures at Sanderson Farms.

This piece provides the rationale for votes related to risk oversight at Tyson.

This piece provides the rationale for a recent vote on executive compensation at Walgreens.

This piece explains the rationale for a vote on a shareholder rights proposal at Siemens.

This piece provides the rationale for a recent vote on executive compensation at Aramark.

This piece provides Vanguard's perspectives on climate risk governance through Say on Climate proposals.

This piece covers Vanguard's approach to evaluating DEI-related shareholder proposals, including requests for third-party audits.

This piece provides Vanguard's perspectives on a board's oversight of material risks related to political spending.

This piece discusses how Vanguard evaluates instances in which public company directors may be "overboarded."

This piece reinforces Vanguard's perspectives on executive compensation for the long term.

This piece discusses Vanguard's key considerations for shareholder proposal analysis.

This piece provides Vanguard's views on social risks and expectations of cultural heritage management in the context of events that have occurred in mining and other land-intensive industries.

This piece discusses Vanguard's expectations that companies and their boards will effectively oversee, mitigate, and disclose material climate-related risks.

This piece provides an overview of how Vanguard addresses climate risk as an investor, an investment provider, and a company.

This piece discusses how, as a fiduciary for more than 30 million Vanguard clients, we assess the implications of climate risk for long-term investors.

This piece outlines Vanguard’s approach to investment stewardship and describes our people, principles, processes, and policies.

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated in 2021.

This piece provides rationale for how the Vanguard funds voted on several proposals at the Australian energy company.

This piece provides rationale for how the Vanguard funds voted on several proposals at the Australian oil and gas producer.

This piece provides rationale for why the Vanguard funds did not support a shareholder proposal at Goldman Sachs related to underwriting and lending for new fossil fuel development.

This piece provides rationale for why the Vanguard funds supported the reelection of all the company’s director nominees.

This piece provides rationale for how the Vanguard funds voted on supervisory board proposals at Mercedes, BMW, and Volkswagen.

The piece provides Vanguard’s views on proposals that encourage greater disclosure of climate risks and allow shareholders to cast recurring votes on energy transition plans.

This piece provides Vanguard’s perspective on executive compensation plans, including the use of financial and nonfinancial metrics.

This piece provides rationale for why the Vanguard funds did not support a shareholder proposal that focused on anticompetitive practices at the pharmaceutical and biotechnology company.

This piece provides rationale for why the Vanguard funds did not support an executive compensation-related shareholder proposal at the biopharmaceutical company. 

This piece provides rationale for why the Vanguard funds did not support a shareholder proposal focused on greenhouse gas emissions targets aligned with the Paris Agreement goals.

This piece provides rationale for why the Vanguard equity index funds did not support a living wage shareholder proposal at the U.K. retailer.

This piece provides rationale for why the Vanguard equity index funds supported a proposal requesting the company report on its political contributions.

This piece provides rationale for why the Vanguard equity index funds did not support a range of proposals focused on human capital management issues and executive compensation at Amazon.

This piece provides rationale for how the Vanguard-advised funds voted on contested director elections at two Italian companies.

This piece provides rationale for why the Vanguard-advised funds voted against the discharge of board directors and senior management and did not support the reelection of two directors.

This piece provides rationale for why the Vanguard-advised funds did not support a shareholder proposal requesting a third-party assessment of the company’s commitment to freedom of association and collective bargaining rights.

This piece outlines what Vanguard-advised funds look for with respect to governance of material climate risks.

This piece outlines the funds' consistent approach to evaluating contested director elections with the adoption of the universal proxy card.

This piece provides rationale for why the Vanguard funds supported the election of a director and a proposal that requested Alphabet eliminate its multi-share class structure.