4 ms·

I was referring more to control of Vanguard itself - i.e. choosing the Board of directors for Vanguard. I did a bit of digging though, and it seems they are ac

I was referring more to control of Vanguard itself - i.e. choosing the Board of directors for Vanguard. I did a bit of digging though, and it seems they are actually elected by the shareholders of Vanguard funds - but they are appointed for lifetime terms, and up to 1/3 of the directors may be appointed by the other directors. So they only need to go to a vote of shareholders occasionally - looks like the last was in 2009. The proxy form from that meeting: http://www.vanguard.com/jumppage/proxy/PROXYA.pdf http://www.vanguard.com/jumppage/proxy/PROXYA.pdf

thisisit 10y ago
That is one of the major concerns regarding indexing and Vanguard in general. The process for selecting directors in Vanguard indirectly affects the proxy voting for corporate governance in stocks owned by the fund. Many people think it will lead to lower competition because of the objective of the fund is to keep in line with the market and not beat it.
- ajdlinux 10y ago
  FWIW I can't say I'm terribly happy with Vanguard's environmental proxy voting record...