Recently, both Vanguard Capital Management and Vanguard Portfolio Management each issued their annual stewardship reports to describe how they voted over the first half of 2026. This is the first time that each stewardship team has issued their own voting report. Interestingly, even though each team has identical voting policies, they interpreted those policies differently and the voting results didn’t wind up being identical.
- Vanguard Capital Management voted on 135,000 proposals for 11,243 companies – and had 489 total engagements with 467 companies. 22% of the assets under management were engaged. A summary of voting results starts on page 17 of its report.
- Vanguard Portfolio Management voted on 34,000 proposals for 3,284 companies – and engaged with 224 companies. 24% of the assets under management were engaged. A summary of voting results starts on page 17 of its report.
Authored by
Broc Romanek