Such resolutions often call for a mutual fund to divest from a particularly socially irresponsible stock that they have added to their portfolio. In addition, Fidelity Investments Vanguard Group Putnam Investments Capital Management and Research are the four largest stock-fund managers in the nation. You can e-mail Fidelity and Vanguard and ask them about their proxy voting guidelines. Vanguard's Proxy voting guidelines is proprietary information. The following information, however, may help.
Vanguard votes the proxies for all of the fund's holdings.
The portfolio managers do not vote the proxies for the securities which are held in their portfolios. Vanguard's policy with respect to proxy votes is to review each question, and vote according to what is in the best interest for Vanguard shareholders. Sometimes we will vote with management, and sometimes against. I hope this information has been helpful to you. An Associate will be pleased to assist you.