Vanguard dials back diversity language for US corporate boards


NEW YORK: Top mutual fund manager Vanguard has removed some of its guidance for US companies to include women and minority directors, a sign of the shifting dynamics of corporate diversity efforts that have come under attack from the new Trump administration.

With US$10.1 trillion in assets under management, any change in Vanguard’s guidance will be closely followed as the 2025 annual shareholder meeting season gets going in March.

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