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Goldman Sachs 2025-2026: where it broke with 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.

Goldman Sachs, 2025-2026 proxy season. Who put a proposal on the ballot is taken from the filer’s own N-PX answer (Item 1(h)), or, marked “inferred”, from its category and wording where the filing does not say; see how we count these.
CompanyMeetingProposalCategory On the ballot fromBoard recommendedGoldman Sachs votedFunds
International Container Terminal Services, Inc. April 16, 2026 Elect Andres Soriano III as Director Director Elections Board ABSTAIN 2
International Container Terminal Services, Inc. April 16, 2026 Elect Jose C. Ibazeta as Director Director Elections Board ABSTAIN 2
International Container Terminal Services, Inc. April 16, 2026 Elect Martin O'Neil as Director Director Elections Board ABSTAIN 2
International Container Terminal Services, Inc. April 16, 2026 Elect Stephen A. Paradies as Director Director Elections Board ABSTAIN 2
International Holdings Co. PJSC November 12, 2025 Approve Acquisition by the Subsidiary Multiply Group PJSC of all Shares of Two Point Zero Holding RSC Limited Through a Capital Increase by Issuing 12,674,102,078 Shares Extraordinary Transactions Board AGAINST 2
International Holdings Co. PJSC November 12, 2025 Approve Acquisition by the Subsidiary Multiply Group PJSC of all the Shares held by IHC Food Holding LLC representing 83.52 Percent in Ghitah Holding PJSC and all the Shares held by and IHC Companies Management LLC Extraordinary Transactions Board AGAINST 2
International Holdings Co. PJSC March 16, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 2
Interparfums, Inc. September 10, 2025 To vote for the advisory resolution to approve executive compensation. Say-on-Pay Board (inferred) AGAINST 2
Inventec Corp. May 27, 2026 Elect WEA, CHI-LIN as Independent Director Director Elections Board AGAINST 2
IonQ, Inc. June 16, 2026 To approve, on an advisory basis, the compensation of our named executive officers in 2025. Say-on-Pay Board AGAINST 2
Is Yatirim Menkul Degerler AS March 30, 2026 Approve Director Remuneration Compensation Board AGAINST 2
Is Yatirim Menkul Degerler AS March 30, 2026 Elect Directors Director Elections Board AGAINST 2
Iyogin Holdings, Inc. June 26, 2026 Elect Director Miyoshi, Kenji Director Elections Board AGAINST 2
JA Solar Technology Co., Ltd. July 22, 2025 Approve Downward Adjustment on Conversion Price of Convertible Bonds Capital Structure Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve Authorization of the Board to Handle All Matters Related to Employee Share Purchase Plan Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve Authorization of the Board to Handle All Matters Related to Stock Option Incentive Plan Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve Draft and Summary on Employee Share Purchase Plan Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve Draft and Summary on Stock Option Incentive Plan Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve to Formulate the Employee Share Purchase Plan Management Measures Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Approve to Formulate the Stock Option Incentive Plan Implementation Assessment and Management Measures Compensation Board AGAINST 2
JA Solar Technology Co., Ltd. September 8, 2025 Elect Xie Zhihua as Independent Director Director Elections Board AGAINST 2
JA Solar Technology Co., Ltd. December 8, 2025 Approve Guarantee Amount Capital Structure Board AGAINST 2
JBS NV April 30, 2026 Reelect Jeremiah O'Callaghan as Non-Executive Director Director Elections Board AGAINST 2
JBS NV April 30, 2026 Reelect Joesley Mendonca Batista as Non-Executive Director Director Elections Board AGAINST 2
JBS NV April 30, 2026 Reelect Wesley Mendonca Batista as Non-Executive Director Director Elections Board AGAINST 2
JCET Group Co., Ltd. June 5, 2026 Approve to Formulate Remuneration Management System for Directors and Senior Management Members Compensation Board AGAINST 2
JCHX Mining Management Co., Ltd. January 23, 2026 Approve Management Measures for the Remuneration and Performance Evaluation of Directors and Senior Management Compensation Board AGAINST 2
JCHX Mining Management Co., Ltd. January 23, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 2
JCHX Mining Management Co., Ltd. February 26, 2026 Approve Change of Equity Acquisition Transaction Arrangement and Additional Equity Acquisition Extraordinary Transactions Board AGAINST 2
JD Health International Inc. June 29, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
JD Health International Inc. June 29, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
JD Health International Inc. June 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
JD Logistics, Inc. June 29, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
JD Logistics, Inc. June 29, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
JD Logistics, Inc. June 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
JD Logistics, Inc. June 29, 2026 Elect Yi Hoi Tang as Director Director Elections Board AGAINST 2
JL MAG Rare-Earth Co., Ltd. October 27, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional A Shares or H Shares Capital Structure Board AGAINST 2
JL MAG Rare-Earth Co., Ltd. April 28, 2026 Approve Application to Banks for Integrated Credit Facilities and the Related Guarantee Capital Structure Board AGAINST 2
JL MAG Rare-Earth Co., Ltd. April 28, 2026 Approve Grant of Authorization to the Board to Handle Matters in Relation to Small-Scale Rapid Financing Capital Structure Board AGAINST 2
JL MAG Rare-Earth Co., Ltd. April 28, 2026 Approve Grant of General Mandate to Apply for Issuance of Domestic and Overseas Debt Financing Instruments Capital Structure Board AGAINST 2
JL MAG Rare-Earth Co., Ltd. April 28, 2026 Approve Grant of General Mandate to Issue Additional A Shares or H Shares Capital Structure Board AGAINST 2
JSW Energy Limited July 11, 2025 Amend Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 Compensation Board AGAINST 2
JSW Energy Limited July 11, 2025 Approve Acquisition of Shares and Provision of Money by the Company for the Purchase of its Own Shares by the Trust/Trustees Under Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 Compensation Board AGAINST 2
JSW Energy Limited July 11, 2025 Approve Grant of Stock Options to Employees of India Subsidiary Companies Under the Shri O. P. Jindal Employees Stock Ownership Plan (JSWEL)-2021 Compensation Board AGAINST 2
JSW Energy Limited March 25, 2026 Reelect Munesh Khanna as Director Director Elections Board AGAINST 2
JSW Infrastructure Ltd. July 15, 2025 Reelect Sajjan Jindal as Director Director Elections Board AGAINST 2
JYP Entertainment Corp. March 26, 2026 Elect Gong Tae-yong as Outside Director to Serve as an Audit Committee Member Director Elections Board AGAINST 2
Jafron Biomedical Co., Ltd. December 11, 2025 Amend Rules and Procedures Regarding General Meetings of Convertible Bondholders Capital Structure Board AGAINST 2
James River Group Holdings, Ltd. October 23, 2025 To approve the amendment of the James River Group Holdings, Ltd. 2014 Non-Employee Director Incentive Plan. Compensation Board AGAINST 2
Japan Metropolitan Fund Investment Corp. November 28, 2025 Elect Executive Director Nishida, Masahiko Director Elections Board AGAINST 2
Japan Metropolitan Fund Investment Corp. November 28, 2025 Elect Supervisory Director Omori, Kozo Director Elections Board AGAINST 2
Jardine Cycle & Carriage Limited April 30, 2026 Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights Capital Structure Board AGAINST 2
Jiangsu Eastern Shenghong Co., Ltd. January 13, 2026 Approve Estimated Amount of Mutual Guarantee Capital Structure Board AGAINST 2
Jiangsu Expressway Company Limited June 15, 2026 Approve General Mandate to Issue Additional A Shares or H Shares Capital Structure Board AGAINST 2
Jiangsu Yoke Technology Co., Ltd. May 18, 2026 Approve Application of Credit Line and Provision of Guarantees Capital Structure Board AGAINST 2
Jiangsu Yoke Technology Co., Ltd. May 18, 2026 Approve Use of Idle Own Funds for Investment in Structured Deposits and Lower-risk Financial Products Extraordinary Transactions Board AGAINST 2
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. September 15, 2025 Approve Interim Profit Distribution Capital Structure Board AGAINST 2
Jiangsu Yuyue Medical Equipment & Supply Co., Ltd. November 20, 2025 Approve First Three Quarters Profit Distribution Capital Structure Board AGAINST 2
Jiangsu Zhongtian Technology Co., Ltd. December 16, 2025 Approve Estimated Amount of External Guarantees Capital Structure Board AGAINST 2
Jindal Stainless Limited September 3, 2025 Approve Final Dividend Capital Structure Board AGAINST 2
Jindal Stainless Limited January 8, 2026 Reelect Rajeev Uberoi as Director Director Elections Board AGAINST 2
Jindal Steel & Power Limited July 18, 2025 Amend Jindal Steel & Power Employee Benefit Scheme - 2022 Compensation Board AGAINST 2
Jindal Steel Limited November 22, 2025 Amend Jindal Steel & Power Employee Benefit Scheme - 2022 Compensation Board AGAINST 2
Jinko Solar Co., Ltd. November 17, 2025 Approve Downward Adjustment of Conversion Price Capital Structure Board AGAINST 2
Jinko Solar Co., Ltd. December 29, 2025 Approve Credit Line and Provision of Guarantee Capital Structure Board AGAINST 2
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Ellen C. Taaffe Director Elections Board WITHHOLD 2
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Mercedes Romero Director Elections Board WITHHOLD 2
John B. Sanfilippo & Son, Inc. October 29, 2025 Election of Directors: Pamela Forbes Lieberman Director Elections Board WITHHOLD 2
Johnson Electric Holdings Ltd. July 17, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Johnson Electric Holdings Ltd. July 17, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Joincare Pharmaceutical Group Industry Co., Ltd. June 1, 2026 Approve Appointment of Auditor Audit-related Board AGAINST 2
Jointown Pharmaceutical Group Co., Ltd. January 7, 2026 Approve Application of Credit Lines and Provision of Guarantee Capital Structure Board AGAINST 2
Jubilant Foodworks Limited October 1, 2025 Approve Grant of Stock Options to the Employees/Directors of Present and Future Unlisted Holding, and/or Unlisted Subsidiary Company(ies), in India and/or outside India, under JFL Employees Stock Option Scheme 2025 Compensation Board AGAINST 2
KDDI Corp. June 17, 2026 Elect Director Matsuda, Hiromichi Director Elections Board AGAINST 2
KE Holdings Inc. June 12, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
KE Holdings Inc. June 12, 2026 Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
KE Holdings Inc. June 12, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
KEPCO Engineering & Construction Co., Inc. March 31, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
KEPCO Engineering & Construction Co., Inc. March 31, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 2
KEPCO Plant Service & Engineering Co. Ltd. March 31, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
KEPCO Plant Service & Engineering Co. Ltd. March 31, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 2
Kalmar Corp. March 31, 2026 Approve Issuance of up to 952,000 class A shares and 5.4 Million class B shares without Preemptive Rights Capital Structure Board AGAINST 2
Kamigumi Co., Ltd. June 26, 2026 Elect Director Fukai, Yoshihiro Director Elections Board AGAINST 2
Kamigumi Co., Ltd. June 26, 2026 Elect Director Tahara, Norihito Director Elections Board AGAINST 2
Kanzhun Limited June 25, 2026 Approve PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS April 10, 2026 Amend Article 6 Re: Capital Related Capital Structure Board AGAINST 2
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS April 10, 2026 Approve Director Remuneration Compensation Board AGAINST 2
Kayseri Seker Fabrikasi AS August 26, 2025 Approve Director Remuneration Compensation Board AGAINST 2
Kayseri Seker Fabrikasi AS August 26, 2025 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 2
Kayseri Seker Fabrikasi AS August 26, 2025 Authorize Board for Debt Issuance Capital Structure Board AGAINST 2
Kayseri Seker Fabrikasi AS August 26, 2025 Elect Directors Director Elections Board AGAINST 2
Keda Industrial Group Co., Ltd. August 26, 2025 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Keda Industrial Group Co., Ltd. April 28, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Keda Industrial Group Co., Ltd. June 26, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Keisei Electric Railway Co., Ltd. June 26, 2026 Appoint Statutory Auditor Sone, Makoto Compensation Board AGAINST 2
Kering SA September 9, 2025 Approve Remuneration Policy of Chairman of the Board for the 2025 Fiscal Year, from September 15 to December 31 Compensation Board AGAINST 2
Kikkoman Corp. June 23, 2026 Elect Director Horikiri, Noriaki Director Elections Board AGAINST 2
Kikkoman Corp. June 23, 2026 Elect Director Nakano, Shozaburo Director Elections Board AGAINST 2
Kingboard Laminates Holdings Limited May 26, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Kingboard Laminates Holdings Limited May 26, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2

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Built November 7, 2026 from SEC Form N-PX filings.