How the World’s Second Largest Asset Manager Voted

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Vanguard Group, the second largest asset manager after BlackRock with $6.3 trillion in assets under management, reported Tuesday that it voted on 168,000 proxies in fiscal year 2020, and engaged with almost 800 companies, down slightly from the year before.

Vanguard has also named John Galloway, who joined Vanguard in 2017, to be global head of its investor stewardship program, succeeding Glenn Booraem. Booraem, who headed the group for two decades, will continue on as an adviser, helping Vanguard deal with future regulatory and other changes it expects in corporate governance, according to a statement from Tim Buckley, chairman and CEO.  

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