Investor Choice
First announced in November 2022, Vanguard’s Investor Choice pilot program has enabled individual investors to express their perspective on shareholder matters at the companies held in their equity index funds. We believe that Investor Choice is an impactful way to empower individual investors in specific Vanguard funds to more directly influence how their proxies are […]
John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a Vanguard Investment Stewardship memorandum.
First announced in November 2022, Vanguard’s Investor Choice pilot program has enabled individual investors to express their perspective on shareholder matters at the companies held in their equity index funds. We believe that Investor Choice is an impactful way to empower individual investors in specific Vanguard funds to more directly influence how their proxies are voted, improve the corporate governance ecosystem, and reinforce our passive, investor-owned, and time-tested approach that supports millions of investors. [1] We have been encouraged by investor reception and interest since Vanguard Investor Choice launched in 2023; we expanded the pilot to additional equity index funds in 2024 and intend to expand it further in 2025. We are committed to further exploring how to best provide proxy voting options and empower more investors in the coming years.
