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John Galloway to head Vanguard’s stewardship efforts

Vanguard has appointed John Galloway global head of investment stewardship, succeeding Glenn Booraem, who led the asset management company’s stewardship efforts for the past two decades.

Galloway will be responsible for leading Vanguard’s stewardship practice, which includes publicly advocating for high standards of corporate governance around the world, engaging with company boards and leaders on governance practices and voting proxy ballots to represent the long-term interests of Vanguard’s investor base.

Booraem will remain with Vanguard’s investment stewardship leadership team as a senior adviser.

Vanguard’s effort, one of the world’s largest investment stewardship teams, comprises 35 governance professionals.

[More: 3 Questions: Haleh Moddasser on why proxy voting beats selling stocks]

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