Our commitment to disclosure

We regularly disclose our stewardship activities and provide our perspectives on governance topics so that our investors, portfolio companies, policymakers, and other interested stakeholders understand our four pillars of corporate governance and our approach.

Reports

22 September 2025

2025 Japan Regional Brief

A look at our investment stewardship efforts in Japan during the 2025 proxy year, including corporate governance trends observed across Japanese companies.

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16 September 2025

2025 Europe Regional Brief

A look at our investment stewardship efforts in Europe during the 2025 proxy year and corporate governance trends seen across European companies.

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16 September 2025

2025 U.K. Regional Brief

A look at our investment stewardship efforts in the U.K. for the 2025 proxy year and corporate governance trends seen across U.K. companies.

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27 August 2025

2025 U.S Regional Brief

A look at our Investment Stewardship efforts in the U.S. during the 2025 proxy year, including corporate governance trends observed across U.S. companies.

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27 August 2025

Quarterly Key Votes Report (April 1, 2025-June 30, 2025)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the second quarter of 2025.

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25 August 2025

Quarterly Engagement Report (April 1, 2025-June 30, 2025)

The entries on this table represent the companies that Vanguard’s Investment Stewardship team engaged with during the second quarter of 2025.

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22 July 2025

2024 Significant Votes Report

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated in 2024.

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17 June 2025

2024 Australia Regional Brief

A look at our investment stewardship efforts in Australia and New Zealand during 2024 and corporate governance trends seen across both countries’ companies.

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16 May 2025

Investment Stewardship 2024 Annual Report

The report outlines the engagement activities of Vanguard’s Investment Stewardship team and how Vanguard’s internally managed funds voted on proposals for the 12 months ended December 31, 2024.

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15 May 2025

Quarterly Engagement Report (January 1, 2025 - March 31, 2025)

The entries on this table represent the companies that Vanguard’s Investment Stewardship team engaged with during the first quarter of 2025.

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15 May 2025

Quarterly Key Votes Report (January 1, 2025 - March 31, 2025)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the first quarter of 2025.

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14 February 2025

Quarterly Engagement Report (October 1, 2024 - December 31, 2024)

The entries on this table represent the companies that Vanguard’s Investment Stewardship team engaged with during the last quarter of 2024.

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28 February 2025

Quarterly Key Votes Report (October 1, 2024 - December 31, 2024)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the last quarter of 2024.

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18 February 2025

Quarterly Engagement Report (October 1, 2024 - December 31, 2024)

The entries on this table represent the companies that Vanguard’s Investment Stewardship team engaged with during the last quarter of 2024.

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14 November 2024

Quarterly Engagement Report (July 1, 2024 - September 30, 2024)

The entries on this table represent the companies that Vanguard's Investment Stewardship team engaged with during the third quarter of 2024.

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14 November 2024

Quarterly Key Votes Report (July 1, 2024 - September 30, 2024)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the third quarter of 2024.

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1 November 2024

2024 Proxy Year Voting Report

The entries in these tables illustrate the funds’ votes in certain geographies during the 2024 proxy year.

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30 August 2024

Quarterly Engagement Report (April 1, 2024 - June 30, 2024)

The entries on this table represent the companies that Vanguard's Investment Stewardship team engaged with during the second quarter of 2024.

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30 August 2024

Quarterly Key Votes Report (April 1, 2024 - June 30, 2024)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the second quarter of 2024.

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20 May 2024

Quarterly Engagement Report (January 1, 2024 - March 31, 2024)

The entries on this table represent the companies that Vanguard's Investment Stewardship team engaged with during the first quarter of 2024.

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20 May 2024

Quarterly Key Votes Report (January 1, 2024 - March 31, 2024)

The entries on this table are a representative sample of the types of proposals the Investment Stewardship team evaluated during the first quarter of 2024.

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Global proxy voting policy

31 January 2024

The Global Proxy Voting Policy describes the funds' general positions on matters that may be subject to a vote by portfolio company shareholders. This policy guides the funds' proxy voting at the shareholder meetings of companies around the globe according to the funds' four pillars of corporate governance and serves as the foundation of the funds' regional proxy voting policies.

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Regional proxy voting policies

The regional proxy voting policies describe the general positions of the funds on matters that may be subject to a shareholder vote at companies domiciled in each region. These policies are approved by the funds’ boards on an annual basis and published on Vanguard’s websites. These policies do not represent any significant change from the prior year’s policies.
 

15 August 2025

Proxy voting policy for Australian and New Zealand portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Australia and New Zealand. The effective date of the policy is August 1, 2025.

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31 January 2025

Proxy voting policy for U.K. and European portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Europe, followed by country specific policies for the U.K., Ireland, the Isle of Man, Jersey, Guernsey, Germany, France, Italy, the Netherlands, and Nordic markets. The effective date of the policy is February 1, 2025.

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31 January 2025

Proxy voting policy for Japanese portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Japan. The effective date of the policy is February 1, 2025. Download the Japanese language version.

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31 January 2025

Proxy voting policy for Mexican portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Mexico. The effective date of the policy is February 1, 2025. Download the Spanish language version.

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31 January 2025

Proxy voting policy for Brazilian portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Brazil. The effective date of the policy is February 1, 2025. Download the Portuguese language version.

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31 January 2025

Proxy voting policy for Canadian portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in Canada. The effective date of the policy is February 1, 2025. Download the French language version.

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31 January 2025

Proxy voting policy for U.S. portfolio companies

This is the general proxy voting policy that applies to all companies domiciled in the United States. The effective date of the policy is February 1, 2025. 

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