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Vanguard to Publish Details of Shareholder Votes

Vanguard will begin to publish more information regarding how it votes its shares in its portfolio companies, according to Reuters. While it will not name specific companies, the firm plans to explain the reasoning behind approximately five recent votes where it questioned board action or voted against executive pay plans. In deciding to take a more vocal role in corporate governance, Vanguard is aligning itself with Blackrock, which began last year issuing similar information in quarterly reports. The article quotes Glenn Booraem, head of Vanguard’s corporate governance as saying "[w]e have said for a long time that engagement is important for us, and we want to provide more context around that."