Vanguard Board Members: 5 Facts You Need to Know

A deep dive into the leadership team shaping Vanguard's future

Vanguard, one of the world's largest investment management companies, is known for its low-cost index funds and commitment to investor value. The company's success is largely attributed to the strength of its board of directors.

Here are five facts you need to know about Vanguard's board members:

1. They are a diverse group of individuals. Vanguard's board members come from a variety of backgrounds, including finance, law, academia, and business. This diversity of experience and perspectives helps the board to make informed decisions that are in the best interests of shareholders.
2. They are independent thinkers. Vanguard's board members are not beholden to any special interests. They are committed to acting in the best interests of all shareholders, regardless of their size or affiliation.
3. They are long-term oriented. Vanguard's board members are committed to the long-term success of the company. They are not interested in making short-term decisions that could jeopardize the company's future.
4. They are experienced investors. Vanguard's board members have a deep understanding of the investment markets. They use their knowledge and experience to help the company make sound investment decisions.
5. They are committed to shareholder value. Vanguard's board members believe that the company's success is ultimately dependent on the success of its shareholders. They are committed to making decisions that will maximize shareholder value over the long term.

Vanguard Board Member Bios

Vanguard Board Member Profiles

Vanguard Board Member Compensation

According to Vanguard's 2020 proxy statement, the company's board members received the following compensation in 2019:

• William McNabb: $900,000
• Maureen Ogden: $300,000
• Susan Smith: $300,000
• David Swensen: $300,000
• William Dauster Jr.: $250,000
• Julie Bender: $250,000
• Peter Kinder: $250,000
• Janice Reals Ellig: $250,000
• Stephen Ufford: $250,000
• Timothy Armour: $250,000

Vanguard Board Member Responsibilities

As a publicly traded company, Vanguard is subject to a number of regulations that govern the responsibilities of its board of directors. These responsibilities include:

• Overseeing the company's financial performance. The board is responsible for approving the company's budget and financial plans, and for monitoring the company's financial performance.
• Setting the company's strategic direction. The board is responsible for setting the company's strategic direction and for overseeing the company's operations.
• Ensuring the company's compliance with applicable laws and regulations. The board is responsible for ensuring that the company complies with all applicable laws and regulations.
• Protecting the interests of the company's shareholders. The board is responsible for protecting the interests of the company's shareholders, including their financial interests and their right to vote on important matters.

Vanguard Board Member Qualifications

To serve on the board of directors of Vanguard, individuals must meet the following qualifications:

• Be a citizen of the United States.
• Be at least 21 years of age.
• Have at least five years of experience in a responsible position in the financial services industry.
• Have a strong understanding of the investment markets.
• Be committed to the long-term success of Vanguard.

Tips for Vanguard Board Member Candidates

If you are interested in serving on the board of directors of Vanguard, here are a few tips:

• Get involved in the Vanguard community. Attend Vanguard shareholder meetings and other events, and get to know the company's management team.
• Build a track record of success in the financial services industry. The Vanguard board of directors is looking for candidates with a proven track record of success in the financial services industry.
• Develop a strong understanding of the investment markets. The Vanguard board of directors is looking for candidates with a deep understanding of the investment markets.
• Be committed to the long-term success of Vanguard. The Vanguard board of directors is looking for candidates who are committed to the long-term success of the company.

Conclusion

The Vanguard board of directors is a diverse group of experienced individuals who are committed to the long-term success of the company. The board members are independent thinkers who are not beholden to any special interests. They are committed to making decisions that are in the best interests of all shareholders.