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 |
|---|---|---|---|---|---|---|---|
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Rahul Mammen Mappillai as Managing Director | Compensation | Board | AGAINST | 2 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Samir Thariyan Mappillai as Whole-Time Director | Compensation | Board | AGAINST | 2 | |
| MRF Limited | March 28, 2026 | Approve Revision in the Terms of Remuneration of Varun Mammen as Whole-Time Director | Compensation | Board | AGAINST | 2 | |
| Madison Square Garden Sports Corp. | December 8, 2025 | Election of the following nominees as directors: Anthony J. Vinciquerra | Director Elections | Board | WITHHOLD | 2 | |
| Madison Square Garden Sports Corp. | December 8, 2025 | Election of the following nominees as directors: Ivan Seidenberg | Director Elections | Board | WITHHOLD | 2 | |
| Madison Square Garden Sports Corp. | December 8, 2025 | Election of the following nominees as directors: Joseph M. Cohen | Director Elections | Board | WITHHOLD | 2 | |
| Madison Square Garden Sports Corp. | December 8, 2025 | Election of the following nominees as directors: Nelson Peltz | Director Elections | Board | WITHHOLD | 2 | |
| Magnite, Inc. | June 8, 2026 | Election of Class III Directors: David Pearson | Director Elections | Board | AGAINST | 2 | |
| Magnite, Inc. | June 8, 2026 | Election of Class III Directors: Doug Knopper | Director Elections | Board | AGAINST | 2 | |
| Magnite, Inc. | June 8, 2026 | Election of Class III Directors: Paul Caine | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect James L. Go as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect Jose Ma. K. Lim as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect June Cheryl A. Cabal-Revilla as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect Lance Y. Gokongwei as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect Lydia B. Echauz as Director | Director Elections | Board | AGAINST | 2 | |
| Manila Electric Company | June 30, 2026 | Elect Patrick Henry C. Go as Director | Director Elections | Board | AGAINST | 2 | |
| Mao Geping Cosmetics Co., Ltd. | April 24, 2026 | Approve Grant of General Mandate to the Board to Issue H Shares | Capital Structure | Board | AGAINST | 2 | |
| Marico Limited | August 8, 2025 | Approve Enhancement of Limit for Loan, Guarantee and Investment by the Company under Section 186 of the Companies Act, 2013 | Capital Structure | Board | AGAINST | 2 | |
| Max Healthcare Institute Limited | May 11, 2026 | Reelect Narayan K. Seshadri as Director | Director Elections | Board | AGAINST | 2 | |
| Maxscend Microelectronics Co., Ltd. | July 16, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Maxscend Microelectronics Co., Ltd. | July 16, 2025 | Approve Draft and Summary of Performance Shares Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Maxscend Microelectronics Co., Ltd. | July 16, 2025 | Approve Performance Shares Incentive Plan Implementation Assessment Management Measures | Compensation | Board | AGAINST | 2 | |
| McDonald's Holdings Co. (Japan) Ltd. | March 25, 2026 | Approve Allocation of Income, with a Final Dividend of JPY 56 | Capital Structure | Board | AGAINST | 2 | |
| McDonald's Holdings Co. (Japan) Ltd. | March 25, 2026 | Approve Bonus Related to Retirement Bonus System Abolition | Compensation | Board | AGAINST | 2 | |
| McGrath RentCorp | June 3, 2026 | To approve, in a non-binding vote, the compensation of the Company's named executive officers. | Say-on-Pay | Board | AGAINST | 2 | |
| Mechanics Bancorp | May 28, 2026 | To approve, on an advisory (non-binding) basis, the executive compensation of the Company's named executive officers for 2025. | Say-on-Pay | Board (inferred) | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Adjustment Mechanism | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Attribution of Profit and Loss During the Transition Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Authorization of the Board to Handle All Related Matters | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Basis and Fairness of Pricing for This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Company's Eligibility for Acquisition by Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 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 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Conditional Agreement on Acquisition by Issuance of Shares and Profit Forecast Compensation Agreement | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Confidentiality Measures and Confidentiality System | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Description of Any Third-party Organization or Individual Hired Directly or Indirectly for Compensation in This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Distribution Arrangement of Undistributed Earnings | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 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 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Issue Size | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Issue Type, Par Value and Listing Exchange | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Lock-up Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Overall Transaction Plan | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Pricing Basis, Price Reference Date and Issue Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Purchase and Sale of Assets within 12 Months Prior to This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Relevant Audit Reports, Review Report and Evaluation Report of This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Relevant Parties Do Not Exist Condition Stipulated in Article 12 of Regulatory Guidelines for Listed Companies No. 7 | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Report (Draft) and Summary on Company's Acquisition by Issuance of Shares | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Resolution Validity Period | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Stock Price Fluctuations in the 20 Trading Days Before the Announcement of This Transaction | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Target Asset | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Complies with Article 4 of Regulatory Guidelines for Listed Companies No. 9 | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Complies with Articles 11, 43 and 44 of Measures for the Administration of Major Asset Restructuring of Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Does Not Constitute as Major Adjustment | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Does Not Constitute as Major Asset Restructuring or Restructuring for Listing | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Parties | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve Transaction Price | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meinian Onehealth Healthcare Holdings Co., Ltd. | July 28, 2025 | Approve the Company Does Not Exist Condition Stipulated in Article 11 of Measures for the Administration of Registration of Securities Issuance by Listed Companies | Extraordinary Transactions | Board | AGAINST | 2 | |
| Meituan | June 26, 2026 | Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Eran Griffel as Director | Director Elections | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Orly Yarkoni as Director and Approve Her Remuneration | Director Elections | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Regina Ungar as Director and Approve Her Remuneration | Director Elections | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Shay Feldman as Director and Approve His Remuneration | Director Elections | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Yoav Shimon Kremer as Director and Approve His Remuneration | Director Elections | Board | AGAINST | 2 | |
| Menora Mivtachim Holdings Ltd. | October 5, 2025 | Reelect Yonel Cohen as Director and Approve His Remuneration | Director Elections | Board | AGAINST | 2 | |
| Merus N.V. | December 9, 2025 | Non-binding advisory proposal to approve certain compensation arrangements | Say-on-Pay | Board (inferred) | AGAINST | 2 | |
| Midea Group Co., Ltd. | September 24, 2025 | Approve General Mandate to Issue Onshore and Offshore Debt Financing Instruments | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | September 24, 2025 | Approve Provision of Guarantees | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | June 5, 2026 | Approve General Mandate to Issue Shares | Capital Structure | Board | AGAINST | 2 | |
| Midea Group Co., Ltd. | June 5, 2026 | Approve PricewaterhouseCoopers Zhong Tian LLP (Limited Liability Partnership) as Domestic Audit Firm and PricewaterhouseCoopers as Overseas Audit Firm and Authorize Board to Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | October 20, 2025 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | October 20, 2025 | Approve Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | October 20, 2025 | Approve Implementation Assessment and Management Measures of Stock Option Incentive Plan | Compensation | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | October 20, 2025 | Approve Management Method of Employee Share Purchase Plan | Compensation | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | October 20, 2025 | Approve Stock Option Incentive Plan and Its Summary | Compensation | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | May 20, 2026 | Approve Application of Credit Lines | Capital Structure | Board | AGAINST | 2 | |
| Ming Yang Smart Energy Group Co., Ltd. | May 20, 2026 | Approve External Guarantee | Capital Structure | Board | AGAINST | 2 | |
| MiniMax Group, Inc. | June 11, 2026 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 2 | |
| MiniMax Group, Inc. | June 11, 2026 | Authorize Reissuance of Repurchased Shares | Capital Structure | Board | AGAINST | 2 | |
| Minmetals Capital Co., Ltd. | December 15, 2025 | Approve Joint Investment with Related Party | Extraordinary Transactions | Board | AGAINST | 2 | |
| Minmetals Capital Co., Ltd. | May 15, 2026 | Approve Use of Funds for Entrusted Financial Management | Extraordinary Transactions | Board | AGAINST | 2 | |
| Mission Produce, Inc. | April 9, 2026 | ADVISORY VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS To approve the compensation of our named executive officers. | Say-on-Pay | Board (inferred) | AGAINST | 2 | |
| Mitsubishi Gas Chemical Co., Inc. | June 25, 2026 | Elect Director Fujii, Masashi | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Gas Chemical Co., Inc. | June 25, 2026 | Elect Director Isahaya, Yoshinori | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Motors Corp. | June 18, 2026 | Elect Director Hiraku, Tomofumi | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Motors Corp. | June 18, 2026 | Elect Director Kakiuchi, Takehiko | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Motors Corp. | June 18, 2026 | Elect Director Kato, Takao | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Motors Corp. | June 18, 2026 | Elect Director Sakamoto, Hideyuki | Director Elections | Board | AGAINST | 2 | |
| Mitsubishi Motors Corp. | June 18, 2026 | Elect Director Sasae, Kenichiro | Director Elections | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Advance Payment for Director Remuneration | Compensation | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Auditors and Fix Their Remuneration | Audit-related | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Profit Distribution to Board Members and Management | Compensation | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Profit Distribution to Company Personnel | Compensation | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Approve Remuneration of Directors | Compensation | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Elect Directors (Bundled) | Director Elections | Board | AGAINST | 2 | |
| Motor Oil (Hellas) Corinth Refineries SA | June 17, 2026 | Elect Members of Audit Committee (Bundled) | Director Elections | Board | AGAINST | 2 | |
| Mphasis Limited | July 24, 2025 | Reelect Amit Dalmia as Director | Director Elections | Board | AGAINST | 2 | |
| MultiChoice Group Ltd. | August 27, 2025 | Approve Remuneration of Non-executive Directors | Compensation | Board | AGAINST | 2 | |
| Muyuan Foods Co., Ltd. | September 8, 2025 | Approve Authorization of the Board to Handle All Matters Related to Key Employee Stock Ownership Plan | Compensation | Board | AGAINST | 2 | |
| Muyuan Foods Co., Ltd. | September 8, 2025 | Approve Authorization of the Board to Handle All Matters Related to Operator Stock Ownership Plan | Compensation | Board | AGAINST | 2 |
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Built November 7, 2026 from SEC Form N-PX filings.