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.

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 describes our general proxy voting policy that applies to all companies domiciled in Australia and New Zealand. The effective date of the policy is 1 September 2022.

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

Vanguard condemns modern slavery and abuses of human rights. This statement provides an overview of our work to proactively monitor and mitigate the risk of modern slavery and human trafficking practices within our investment portfolios and supply chains, and outlines the specific actions we've taken during the 2021 calendar year.

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

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

At Vanguard we look for compensation policies that incentivise long-term outperformance versus peers and drive sustainable value for a company's investors.

At Tyson's annual meeting, the Vanguard funds voted to support two shareholder proposals involving oversight of strategic risks.

Vanguard funds voted to support a shareholder proposal at the Siemens AG (Siemens) annual general meeting that sought to amend the company's articles of association to allow shareholders to ask questions during virtual general meetings.

At the Sanderson Farms annual meeting, the Vanguard funds voted to support an advisory shareholder proposal that asked that the board prepare a report on the company's human rights due-diligence process.

At a proxy contest meeting for Box, a U.S.-based cloud content management platform provider, the Vanguard funds voted on the management proxy card and supported the reelection of the three management director nominees. The funds considered but did not support the director nominees on the dissent proxy card.

At a proxy contest meeting for Genesco, a U.S.-based retailer and wholesaler of footwear and apparel, the Vanguard funds voted on the management proxy card and supported the reelection of all incumbent Genesco directors.

At the Electronic Arts annual meeting, the gaming company sought support for a nonbinding management proposal seeking approval for the compensation of named executive officers. The Vanguard funds supported the proposal.

At the annual meeting for American Express, a U.S.-based financial services company, the Vanguard funds supported a shareholder proposal that requested the board publish annually a report outlining the board's oversight of diversity, equity, and inclusion (DEI) efforts.

At the annual meeting for AGL, Australia's largest utility company, the Vanguard funds held the board accountable for governance concerns about material climate risk oversight by voting against the only director up for reelection.

At the annual meeting for Toshiba, a Japanese technology and electronics manufacturing company, the Vanguard funds did not support the re-election of its board chair and one member of the Audit Committee. An independent report revealed material gaps in oversight related to the company's 2020annual meeting. At a special meeting earlier this year, the Vanguard funds had supported the ballot item that called for the formation of the independent committee that generated the report.

Third-party racial equity and civil rights audit proposals are gaining prominence on U.S. public company proxy voting ballots in 2021.Shareholder proponents filing these proposals request that companies conduct a third-party audit of potential risks related to diversity, equity, and inclusion (DEI), to provide an independent assessment of any direct or indirect impacts a company may have on communities of colour and publicly disclose the results.

At the annual meeting for PayPal, a U.S.-based technology company, the Vanguard funds did not support a shareholder proposal that asked the company to prepare a report within one year assessing whether policies and norms at PayPal reinforce racism in company culture.

At the annual meeting for American Tower, the Vanguard funds did not support a shareholder proposal that requested the board create a standing committee to oversee human rights risks that affect the company's business. American Tower is a U.S. real estate investment trust that owns, operates, and develops wireless and broadcast communications infrastructure globally.

At the annual meeting for UPS, a U.S.-based global shipping and logistics company, the Vanguard funds voted in favour of three shareholder proposals related to environmental and social risks.

At Vanguard, we strive to create an inclusive and equitable work environment that reflects a diverse community of talents and drives our mission to provide all investors with the best chance for investment success .We believe diverse teams and inclusive environments enable our crew (our internal name for our employees) to perform at their best and bring their unique skills and experiences to work every day.

Vanguard condemns the appalling practices of modern slavery and we are committed to monitoring and mitigating the risk of modern slavery and human trafficking practices within our investment portfolios and supply chains. In our first modern slavery statement, we report on the actions we have undertaken in the financial year ending December 2020 to address modern slavery exposures, as well as our future plans to continue to address this issue.

At the annual meeting for Phillips 66, a U.S.-based energy company, the Vanguard funds voted in support of a shareholder proposal requesting that the company set emission reduction targets inclusive of greenhouse gas(GHG) emissions for all of its operations and energy products. The funds voted against a proposal requesting a report on climate-related lobbying activities.

At the annual meeting for Sempra Energy (Sempra), a U.S.-based utility, the Vanguard funds voted against a shareholder proposal requesting that the company issue a report describing how its lobbying activities align with the goals of the Paris Agreement, and how the company plans to mitigate risks that any misalignment presents.

At the 2021 annual meeting for Boohoo plc, a UK online fashion retailer, the Vanguard funds voted against the re-election of two directors and against the company's 2020 remuneration report.

At the annual meeting for ConocoPhillips, a U.S.-based energy company, the Vanguard funds supported a shareholder proposal requesting that the company set emission reduction targets inclusive of greenhouse gas (GHG)emissions across its operations and energy products.

At the annual meeting for Dominion Energy, a U.S.-based utility company, the Vanguard funds voted against two shareholder proposals.

At the annual meeting for Duke, a U.S.-based utility company, the Vanguard funds voted against two shareholder proposals.

At the annual meeting for Royal Dutch Shell Plc (Shell), the UK-listed Dutch energy company, the Vanguard funds voted in favour of an advisory management proposal seeking approval of the company’s energy transition strategy.

At the annual meeting for Union Pacific, a large U.S. railroad company, the Vanguard funds did not support a shareholder proposal that requested that the company report annually on its greenhouse gas emissions and emissions reduction plan and that it produce the first report within 60 days of the annual meeting.

"Say on Climate" proposals encourage companies to disclose climate-related risks, targets, and transition plans in line with the reporting framework created by the Task Force on Climate-related Financial Disclosures (TCFD), a framework that Vanguard supports.

Risks to shareholder value associated with diversity, equity, and inclusion(DEI) remain a top engagement priority for Vanguard with our funds 'portfolio companies.

At the annual meeting for ExxonMobil, a U.S. integrated oil and gas company, the Vanguard funds voted on the dissident proxy card and supported two dissident director nominees to join Exxon's board.

At the annual meeting for Charter Communications, a U.S .telecommunications and mass media company, the Vanguard funds voted in favor of four shareholder proposals.

Our perspectives on boardroom diversity continue to evolve as we encourage boards to make progress on this front.

Our views on diversity extend beyond the boardroom to leadership teams and workforces.

In context of events that have occurred within mining and other land-intensive industries, we share our views on social risks and expectations on cultural heritage management.

The boards of trustees of Vanguard's externally managed funds plan to approve a measure that is expected to grant full proxy voting privileges to those funds' external managers.

This report outlines our philosophy on corporate governance and describes our advocacy and engagement activities in the U.S. and abroad for the 12-month period ended June 30, 2018. The report also includes insights into our voting record during the last proxy year.

Read a summary of the proxy votes cast by Vanguard funds for companies in Australia and New Zealand for the 12 months ended 30 June 2018. This brief focuses on our Investment Stewardship advocacy and engagement activities in Australia and New Zealand and compares how we voted on proposals in2018 vs. 2017.

In this midyear update, Vanguard's Investment Stewardship team shares examples of the dialogues it has had with hundreds of company leaders and directors.

During the last proxy season, Vanguard's Investment Stewardship team voted at more than 18,000 company meetings. Here is a quick guide on how to set up an engagement with our team.

This annual report on our investment stewardship activities covers the 12-month period ended 30 June 2017. The report describes our engagements with corporate leaders and our advocacy for governance practices that support the best economic interests of long-term investors.

In his letter to the largest companies in which Vanguard funds invest, Chairman Bill McNabb conveys our perspectives and expectations regarding board composition, risk management and shareholder engagement.