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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
Kingboard Laminates Holdings Limited May 26, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Kingfa Sci. & Tech. Co., Ltd. May 20, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Kingnet Network Co., Ltd. May 22, 2026 Approve Profit Distribution Capital Structure Board AGAINST 2
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt 2026 Share Incentive Plan Compensation Board AGAINST 2
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt Scheme Mandate Limit Compensation Board AGAINST 2
Kingsoft Cloud Holdings Limited June 30, 2026 Adopt Service Provider Sublimit Compensation Board AGAINST 2
Kingsoft Cloud Holdings Limited June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Kingsoft Cloud Holdings Limited June 30, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Kingsoft Corporation Limited May 28, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Kingsoft Corporation Limited May 28, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Knowledge Atlas Technology JSC Ltd. June 22, 2026 Adopt 2026 Share Award Scheme Compensation Board AGAINST 2
Knowledge Atlas Technology JSC Ltd. June 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Kobayashi Pharmaceutical Co., Ltd. March 27, 2026 Elect Director and Audit Committee Member Katae, Yoshiro Director Elections Board AGAINST 2
Koc Holding A.S. March 18, 2026 Approve Director Remuneration Compensation Board AGAINST 2
Kontron AG June 30, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Korea Electric Power Corp. June 17, 2026 Elect Hwang Jeong-hwa as a Member of Audit Committee Director Elections Board AGAINST 2
Korea Electric Power Corp. June 17, 2026 Elect Jeong Doh-jin as a Member of Audit Committee Director Elections Board AGAINST 2
Korea Gas Corp. March 31, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
Korea Gas Corp. May 26, 2026 Elect Lee Ju-chan as Outside Director Director Elections Board AGAINST 2
Kosmos Energy Ltd. May 28, 2026 Elect Class I Directors to 3-year term: Andrew G. Inglis Director Elections Board AGAINST 2
Kosmos Energy Ltd. May 28, 2026 Elect Class I Directors to 3-year term: Maria Moraeus Hanssen Director Elections Board AGAINST 2
Koza Altin Isletmeleri AS October 24, 2025 Approve Director Remuneration Compensation Board AGAINST 2
Koza Altin Isletmeleri AS October 24, 2025 Elect Directors Director Elections Board AGAINST 2
Kubota Corp. March 19, 2026 Elect Director Hanada, Shingo Director Elections Board AGAINST 2
Kubota Corp. March 19, 2026 Elect Director Kitao, Yuichi Director Elections Board AGAINST 2
Kunlun Tech Co., Ltd. November 3, 2025 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 2
Kunlun Tech Co., Ltd. December 24, 2025 Approve 2026 Provision of Guarantee for Controlled Subsidiary Capital Structure Board AGAINST 2
Kunlun Tech Co., Ltd. December 24, 2025 Approve Credit Line Used by Controlled Subsidiary and Provision of Guarantee Capital Structure Board AGAINST 2
Kuraray Co., Ltd. March 26, 2026 Appoint Statutory Auditor Fujii, Nobuyuki Compensation Board AGAINST 2
Kwality Walls (India) Ltd. May 15, 2026 Approve Appointment and Remuneration of Chitrank Goel as Executive Director Designated as Deputy Managing Director Compensation Board AGAINST 2
Kwality Walls (India) Ltd. May 15, 2026 Approve Appointment and Remuneration of Prashant Premrajka as Executive Director & Chief Financial Officer Compensation Board AGAINST 2
Kyocera Corp. June 25, 2026 Elect Director Sakushima, Shiro Director Elections Board AGAINST 2
Kyocera Corp. June 25, 2026 Elect Director Yamaguchi, Goro Director Elections Board AGAINST 2
Kyoritsu Maintenance Co., Ltd. June 25, 2026 Elect Director Ishizuka, Haruhisa Director Elections Board AGAINST 2
Kyoritsu Maintenance Co., Ltd. June 25, 2026 Elect Director Nakamura, Koji Director Elections Board AGAINST 2
L&T Technology Services Limited January 18, 2026 Amend L&T Technology Services Limited Employee Stock Option Scheme 2016 Compensation Board AGAINST 2
LARGAN Precision Co., Ltd. June 9, 2026 Approve Issuance of Restricted Stocks Compensation Board AGAINST 2
LATAM Airlines Group SA October 17, 2025 Amend Articles to Reflect Changes in Capital Capital Structure Board AGAINST 2
LB Group Co., Ltd. December 19, 2025 Approve Application of Bank Credit Lines Capital Structure Board AGAINST 2
LB Group Co., Ltd. December 19, 2025 Approve Provision of Guarantee Capital Structure Board AGAINST 2
LIXIL Corp. June 18, 2026 Elect Director Seto, Kinya Director Elections Board AGAINST 2
LONGi Green Energy Technology Co., Ltd. December 26, 2025 Approve Estimated Guarantee Amount Between Company and Subsidiaries Capital Structure Board AGAINST 2
LONGi Green Energy Technology Co., Ltd. December 26, 2025 Approve Provision of Guarantee to Xi'an LONGi Hydrogen Energy Technology Co., Ltd. Capital Structure Board AGAINST 2
LPP SA July 11, 2025 Approve Remuneration Report Compensation Board AGAINST 2
LPP SA January 23, 2026 Amend Remuneration Policy Compensation Board AGAINST 2
LPP SA January 23, 2026 Approve Creation of Reserve Capital for Purposes of Performance Share Plan Compensation Board AGAINST 2
LPP SA January 23, 2026 Approve Performance Share Plan Compensation Board AGAINST 2
LS Corp. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
LandBridge Company LLC June 18, 2026 To approve, on an advisory, non-binding basis, the compensation of LandBridge's named executive officers ("Named Executive Officers"); Say-on-Pay Board (inferred) AGAINST 2
LanzaTech Global, Inc. July 28, 2025 To approve, on an advisory (non-binding) basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 2
LegalZoom.com, Inc. June 3, 2026 To elect the one director nominee named in the proxy statement as a Class II director of the Company to serve for a three-year term and until her successor has been duly elected and qualified, or until her earlier death, resignation, removal, retirement or disqualification: Sivan Whiteley Director Elections Board WITHHOLD 2
Lens Technology Co., Ltd. May 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional H Shares Capital Structure Board AGAINST 2
Lens Technology Co., Ltd. May 8, 2026 Approve PanChina Certified Public Accountants LLP as Domestic A-Share Auditor and Internal Control Auditor and Deloitte Touche Tohmatsu as Overseas H-Share Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Leroy Seafood Group ASA May 27, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 2
Leroy Seafood Group ASA May 27, 2026 Approve Remuneration Statement Compensation Board AGAINST 2
Leroy Seafood Group ASA May 27, 2026 Elect Benedicte Schilbred Fasmer as Member of Nominating Committee Director Elections Board AGAINST 2
Leroy Seafood Group ASA May 27, 2026 Elect Helge Singelstad (Chair) as Member of Nominating Committee Director Elections Board AGAINST 2
Leroy Seafood Group ASA May 27, 2026 Elect Morten Borge as Member of Nominating Committee Director Elections Board AGAINST 2
Lifco AB April 24, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Lifco AB April 24, 2026 Reelect Carl Bennet as Board Chair Director Elections Board AGAINST 2
Lifco AB April 24, 2026 Reelect Carl Bennet as Director Director Elections Board AGAINST 2
Life Insurance Corporation of India August 26, 2025 Elect Parshant Kumar Goyal as Director Director Elections Board AGAINST 2
Life Insurance Corporation of India May 17, 2026 Elect Shalini Pandit as Government Nominee Director Director Elections Board AGAINST 2
Life Insurance Corporation of India May 17, 2026 Reelect Mahalingam G (Gurumoorthy Mahalingam) as Director Director Elections Board AGAINST 2
LifeMD, Inc. June 12, 2026 To approve LifeMD's Fourth Amended and Restated 2020 Equity and Incentive Plan. Compensation Board AGAINST 2
Linde India Limited February 13, 2026 Elect Milan Sadhukhan as Director and Approve Appointment and Remuneration of Milan Sadhukhan as Managing Director Director Elections Board AGAINST 2
Lineage, Inc. June 9, 2026 Election of Directors: Luke Taylor Director Elections Board AGAINST 2
Lingyi iTech (Guangdong) Co. December 22, 2025 Approve Provision of Guarantee Capital Structure Board AGAINST 2
Lite-On Technology Corp. May 20, 2026 Amend Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees Extraordinary Transactions Board AGAINST 2
LiveRamp Holdings, Inc. August 12, 2025 Approval of an increase in the number of shares available for issuance under the Company's Amended and Restated 2005 Equity Compensation Plan. Compensation Board AGAINST 2
LiveRamp Holdings, Inc. August 12, 2025 Election of Directors: Brian O'Kelley Director Elections Board AGAINST 2
LiveRamp Holdings, Inc. August 12, 2025 Election of Directors: Clark M. Kokich Director Elections Board AGAINST 2
Lloyds Metals & Energy Ltd. September 11, 2025 Approve Loans, Guarantees, Securities and/or Investments in Other Body Corporate Capital Structure Board AGAINST 2
Lloyds Metals & Energy Ltd. June 19, 2026 Approve Giving Loans, Inter Corporate Deposits, Guarantees in Connection with Loans Made by Any Person or Body Corporate and Acquire by Way of Subscription, Purchase or Otherwise the Securities of Any Other Body Corporate in Excess of the Limits Capital Structure Board AGAINST 2
Lloyds Metals & Energy Ltd. June 19, 2026 Approve Remuneration of Shabbirhusein Shaikhadam Khandwawala as Non-Executive Director Compensation Board AGAINST 2
Localiza Rent A Car SA April 30, 2026 Amend Long-Term Incentive Plans Compensation Board AGAINST 2
Localiza Rent A Car SA April 30, 2026 Elect Antonio de Padua Soares Policarpo as Fiscal Council Member and Juliano Lima Pinheiro as Alternate Compensation Board ABSTAIN 2
Loomis AB May 6, 2026 Approve Performance Share Matching Plan LTIP 2026 for Key Employees Compensation Board AGAINST 2
Loomis AB May 6, 2026 Reelect Lars Blecko (Chair), Alf Goransson, Cecilia Daun Wennborg, Liv Forhaug, Johan Lundberg, Santiago Galaz and Marita Odelius as Directors Director Elections Board AGAINST 2
Lotte Corp. March 24, 2026 Elect Shin Dong-bin as Inside Director Director Elections Board AGAINST 2
Lottomatica Group SpA April 20, 2026 Approve 2026-2028 Stock Options Plan Compensation Board AGAINST 2
Lotus Bakeries NV May 12, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Lotus Bakeries NV May 12, 2026 Reelect LEMA BV, Permanently Represented by Michel Moortgat, as Independent Director Director Elections Board AGAINST 2
Luk Fook Holdings (International) Limited August 21, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Luk Fook Holdings (International) Limited August 21, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Luk Fook Holdings (International) Limited August 21, 2025 Elect Mak Wing Sum, Alvin as Director Director Elections Board AGAINST 2
Lument Finance Trust, Inc. June 10, 2026 Approval, on an advisory basis, of the compensation of our named executive officers, as described in the proxy statement under "Executive Compensation." Say-on-Pay Board (inferred) AGAINST 2
Luminar Technologies, Inc. July 3, 2025 To approve an amendment to the Luminar Technologies, Inc. 2020 Amended and Restated Equity Incentive Plan to increase the authorized share reserve. Compensation Board AGAINST 2
Luxshare Precision Industry Co. Ltd. December 22, 2025 Approve Estimated Amount of External Guarantees Capital Structure Board AGAINST 2
MGM China Holdings Limited May 14, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
MGM China Holdings Limited May 14, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
MGM China Holdings Limited May 14, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
MINISO Group Holding Limited June 18, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
MINISO Group Holding Limited June 18, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
MMG Limited May 28, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
MMG Limited May 28, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
MPC Container Ships ASA May 7, 2026 Approve Remuneration Statement Compensation Board AGAINST 2
MRF Limited August 7, 2025 Declare Final Dividend Capital Structure Board AGAINST 2
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of Arun Mammen as Vice Chairman and Managing Director Compensation Board AGAINST 2
MRF Limited March 28, 2026 Approve Revision in the Terms of Remuneration of K M Mammen as Chairman and Managing Director Compensation Board AGAINST 2

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