Vanguard believes that diverse groups make better decisions, and that better decisions can lead to better results for our shareholders over the long term. Through our investment stewardship program, we advocate for boardroom diversity and oversight of material risks at the companies in which our funds invest.
Vanguard has long advocated for diversity of experience, personal background, and expertise in the boardroom. We also look to understand companies’ approaches to gender, race, ethnicity, and age diversity, and we advocate for progress when a company’s approach lags market norms or expectations.
We encourage boards to publish their perspectives on diversity and to disclose board diversity measures. In addition, we encourage boards to disclose their oversight of diversity-related strategies and risks and to disclose diversity measures beyond the boardroom.