Home › Asset managers › Goldman Sachs › 2025-2026 › Against the board
At least 6,000 proposals in the 2025-2026 proxy season: Goldman Sachs voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 0 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Goldman Sachs voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.
Everything Only shareholder proposals it backed
6,000 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Goldman Sachs voted | Funds |
|---|---|---|---|---|---|---|---|
| Industrias Penoles SAB de CV | April 27, 2026 | Elect or Ratify Directors; Verify Director's Independence Classification; Approve Their Respective Remuneration | Director Elections | Board | AGAINST | 2 | |
| Industrivarden AB | April 13, 2026 | Approve Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Industrivarden AB | April 13, 2026 | Reelect Christian Caspar as Director | Director Elections | Board | AGAINST | 2 | |
| Industrivarden AB | April 13, 2026 | Reelect Fredrik Lundberg as Board Chair | Director Elections | Board | AGAINST | 2 | |
| Industrivarden AB | April 13, 2026 | Reelect Fredrik Lundberg as Director | Director Elections | Board | AGAINST | 2 | |
| Industrivarden AB | April 13, 2026 | Reelect Par Boman as Director | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Ratify KPMG AG as Auditors | Audit-related | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reappoint Beat Siegrist as Member of the Compensation and HR Committee | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reappoint Lukas Winkler as Member of the Compensation and HR Committee | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reappoint Reto Suter as Member of the Compensation and HR Committee | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reelect Beat Siegrist as Director | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reelect Lukas Winkler as Director | Director Elections | Board | AGAINST | 2 | |
| Inficon Holding AG | April 22, 2026 | Reelect Reto Suter as Director | Director Elections | Board | AGAINST | 2 | |
| Infratil Limited | August 19, 2025 | Approve Increase in Maximum Aggregate Remuneration Pool of Non-Executive Directors | Compensation | Board | AGAINST | 2 | |
| Inner Mongolia Baotou Steel Union Co. Ltd. | May 11, 2026 | Elect Zhang Zhao as Director | Director Elections | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Asset Acquisition by Cash and Issuance of Shares as well as Raising Supporting Funds and Related Party Transaction Complies with Relevant Laws and Regulations | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Audit Report, Asset Appraisal Report and Pro forma Review Report Related to this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Authorization of the Board to Handle All Related Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Completeness and Compliance of Implementation of Legal Proceedings of the Transactions and Validity of the Submitted Legal Documents Regarding this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Distribution Arrangement of Undistributed Earnings | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Distribution Arrangement of Undistributed Earnings in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Draft and Summary on Asset Acquisition by Cash and Issuance of Shares as well as Raising Supporting Funds and Related Party Transactions | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Purpose and Approach as Well as the Fairness of Pricing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Issuance Method, Target Subscribers and Subscription Method in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Issuance Price Adjustment Mechanism | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Issue Size | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Listing Location in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Lock-up Period Arrangement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Lock-up Period Arrangement in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Non-Existence of the Circumstances Prohibiting the Issuance of Shares to Specific Targets as Specified in Article 11 of the Regulations on the Administration of Securities Issuance and Registration by Listed Companies in This Reorganization | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Overview of this Transaction Plan | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Pricing Basis, Pricing Reference Date and Issue Price in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Pricing Reference Date and Issue Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Profit and Loss Attribution During the Transition Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Relevant Entities of This Reorganization Not Being Under the Circumstances Under Article 12 of the Guidelines for the Supervision of Listed Companies No. 7 Supervision of Abnormal Stock Transactions | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Resolution Validity Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Share Type, Par Value and Listing Location | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Signing the Conditional Transaction Agreement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Target Subscribers and Subscription Method | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Complies with Article 4 of Listed Company Supervision Guidelines No. 9 - Regulatory Requirements for Listed Companies to Plan and Implement Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Complies with Articles 11, 43 and 44 of the Management Approach Regarding Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Constitutes as Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Transaction Does Not Constitute as Restructure and Listing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Type and Par Value of Shares Issued in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve Usage of Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Amount and Number of Shares Issued in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Company's Purchases and Sales of Assets in the Twelve Months Prior to This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Company's Stock Price Fluctuation Not Meeting Relevant Standards | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Explanation of Confidentiality Measures and Systems Adopted in this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | December 18, 2025 | Approve the Impact of This Transaction on the Company's Diluted Immediate Returns and the Adoption of Remedial Measures | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Dian Tou Energy Corp. Ltd. | May 7, 2026 | Approve Provision of Entrusted Loan Through State Power Investment Corporation Finance Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia ERDOS Resources Co., Ltd. | December 22, 2025 | Approve Asset Pool and Provision of Guarantee | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. | November 27, 2025 | Amend Dividend Return Plan | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. | November 27, 2025 | Approve Formulation of Remuneration Management System for Directors and Senior Management Members | Compensation | Board | AGAINST | 2 | |
| Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. | May 15, 2026 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Amount of Raising Supporting Funds and Number of Issuances | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Authorization of Board to Handle All Related Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Company's Eligibility for Issuance of Shares and Purchase of Assets by Cash Payment as well as Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Distribution Arrangement of Undistributed Earnings | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Distribution Arrangement of Undistributed Earnings in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Draft Report and Summary on Company's Acquisition by Cash and Issuance of Shares with Raising Supporting Funds and Related Party Transactions | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Independence of Appraiser, Validity of Hypothesis, Relevance of Valuation Purpose and Approach, as Well as the Fairness of Pricing for this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Issuance Method and Target Subscribers | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Issuance Method and Target Subscribers in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Lock-up Period Arrangement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Lock-up Period Arrangement in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Number of Shares Issued | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Overall Plan for this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Performance Commitment Compensation Arrangement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Pricing Base Date and Issue Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Pricing Base Date and Issue Price in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Profit and Loss Arrangements During the Transition Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Proposal on Approval of Audit Report and Pro Forma Review Report Related to the Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Proposal on Approving the Evaluation Report for this Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Resolution Validity Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Signing the Agreement on Issuance of Shares and Payment of Cash to Purchase Assets with Effective Conditions | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Signing the Conditional Performance Commitment Compensation Agreement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Signing the Supplemental Agreement to the Agreement on Issuance of Shares and Payment of Cash to Purchase Assets with Effective Conditions | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Target Assets | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Complies with Article 4 of Listed Company Supervision Guidelines No. 9 - Regulatory Requirements for Listed Companies to Plan and Implement Major Asset Restructuring | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Complies with Articles 11, 43 and 44 of the Management Approach Regarding Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Consideration Payment Method | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Does Not Constitute as Major Asset Restructuring and Does Not Constitute as Restructuring Listing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Parties | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transaction Price and Pricing Basis | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Transfer of Underlying Assets and Liability for Breach of Contract | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Types of Shares Issued, Par Value and Listing Location | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Types of Shares Issued, Par Value and Listing Location in Connection to Raising Supporting Funds | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve Usage of Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve the Company's Non-existence of Any Circumstance that Prohibits the Issuance of Shares to Specific Objects as Stipulated in Article 11 of the Regulations on the Administration of Securities Issuance Registration of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve the Notion that the Adjustment on Company's Transaction Plan Does Not Constitute as Major Adjustment | Extraordinary Transactions | Board | AGAINST | 2 | |
| Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. | July 25, 2025 | Approve the Notion that the Company Does Not Need to Prepare a Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Yili Industrial Group Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee for Controlled Subsidiaries | Capital Structure | Board | AGAINST | 2 | |
| Inner Mongolia Yili Industrial Group Co., Ltd. | May 20, 2026 | Approve Provision of Guarantee for Hohhot Yixing Dairy Investment Management Co., Ltd. | Capital Structure | Board | AGAINST | 2 | |
| InnoCare Pharma Limited | June 16, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| InnoCare Pharma Limited | June 16, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| InnoScience (Suzhou) Technology Holding Co., Ltd. | May 22, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| InnoScience (Suzhou) Technology Holding Co., Ltd. | May 22, 2026 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 2 |
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Built November 7, 2026 from SEC Form N-PX filings.