Vanguard Group is facing criticism from some of its investors after it recommended they vote against an item prohibiting the firm from investing in companies associated with genocide. Investors will vote on the proposal, made by activist investment group Investors Against Genocide, during a shareholders meeting on 15 November. The proposal was put forward to Vanguard CEO Abigail Johnson, who said she would not support it. Vanguard's management has stated such issues are better resolved through diplomatic and political resources, and reiterated it is fully compliant with all US law regarding its investments.
Vanguard Group is facing criticism from some of its investors after it recommended they vote against an item prohibiting the firm from investing in companies associated with genocide. Investors will vote on the proposal, made by activist investment group Investors Against Genocide, during a shareholders meeting on 15 November. Investors have taken to both social media and Vanguard's own company forums expressing distaste at the firm's management for recommending a vote against the proposal. Vanguard's management has stated such issues are better resolved through diplomatic and political resources, and reiterated it is fully compliant with all US law regarding its investments.