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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
OUTsurance Group Ltd. November 25, 2025 Approve Non-executive Directors' Remuneration Compensation Board AGAINST 2
OUTsurance Group Ltd. November 25, 2025 Elect Herman Bosman as Member of the Social and Ethics Committee Director Elections Board AGAINST 2
OUTsurance Group Ltd. November 25, 2025 Re-elect Jannie Durand as Director Director Elections Board AGAINST 2
OUTsurance Group Ltd. November 25, 2025 Re-elect Kubandiran Pillay as Director Director Elections Board AGAINST 2
OYAK Cimento Fabrikalari AS March 31, 2026 Appoint Auditor for Sustainability Reporting for 2024, 2025 and 2026 Audit-related Board AGAINST 2
OYAK Cimento Fabrikalari AS March 31, 2026 Approve Director Remuneration Compensation Board AGAINST 2
Oberoi Realty Limited August 28, 2025 Approve Grant of Options to the Eligible Employees of the Group Companies, Including Associate Compay(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 2
Oberoi Realty Limited August 28, 2025 Approve Grant of Options to the Employees of the Subsidiary Company(ies) of the Company Under Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 2
Oberoi Realty Limited August 28, 2025 Approve Oberoi Realty Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 2
Offshore Oil Engineering Co., Ltd. June 23, 2026 Approve Profit Distribution Capital Structure Board AGAINST 2
Offshore Oil Engineering Co., Ltd. June 23, 2026 Approve Remuneration of Directors Compensation Board AGAINST 2
Oil India Limited September 18, 2025 Elect Raju Revanakar as Director Director Elections Board AGAINST 2
Old Second Bancorp, Inc. May 19, 2026 Proposal to elect four Class I director nominees to serve for a term expiring in 2029: Billy J. Lyons, Jr. Director Elections Board AGAINST 2
Old Second Bancorp, Inc. May 19, 2026 Proposal to elect four Class I director nominees to serve for a term expiring in 2029: Darin Campbell Director Elections Board AGAINST 2
Old Second Bancorp, Inc. May 19, 2026 Proposal to elect four Class I director nominees to serve for a term expiring in 2029: John Williams, Jr. Director Elections Board AGAINST 2
Old Second Bancorp, Inc. May 19, 2026 Proposal to elect four Class I director nominees to serve for a term expiring in 2029: Patti Temple Rocks Director Elections Board AGAINST 2
Omnicell, Inc. May 19, 2026 Proposal to elect Class I Directors to hold office until the 2029 Annual Meeting of Stockholders: Joanne B. Bauer Director Elections Board WITHHOLD 2
Omnivision Integrated Circuits Group, Inc. May 7, 2026 Approve Grant of General Mandate to Issue A Shares and/or H Shares Capital Structure Board AGAINST 2
OneSpaWorld Holdings Limited June 3, 2026 Election of Directors: Andrew R. Heyer Director Elections Board WITHHOLD 2
Open House Group Co., Ltd. December 24, 2025 Elect Director Fukuoka, Ryosuke Director Elections Board AGAINST 2
Opera Limited December 9, 2025 Amend Omnibus Stock Plan Compensation Board AGAINST 2
Oppein Home Group, Inc. August 22, 2025 Approve Downward Adjustment on Conversion Price of Convertible Bonds Capital Structure Board AGAINST 2
Oppein Home Group, Inc. September 30, 2025 Elect Li Xinquan as Director Director Elections Board AGAINST 2
Oppein Home Group, Inc. September 30, 2025 Elect Lu Xiaodong as Director Director Elections Board AGAINST 2
Oppein Home Group, Inc. September 30, 2025 Elect Tan Qinxing as Director Director Elections Board AGAINST 2
Oppein Home Group, Inc. January 21, 2026 Approve 2026 Estimated External Guarantee Capital Structure Board AGAINST 2
Oppein Home Group, Inc. January 21, 2026 Approve Use of Idle Own Funds for Cash Management Extraordinary Transactions Board AGAINST 2
Organogenesis Holdings Inc. June 15, 2026 Election of Directors: Glenn H. Nussdorf Director Elections Board WITHHOLD 2
Orient Overseas (International) Limited May 21, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Orient Overseas (International) Limited May 21, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Orient Overseas (International) Limited May 21, 2026 Elect Wang Dan as Director Director Elections Board AGAINST 2
PAX Global Technology Limited May 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
PAX Global Technology Limited May 20, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
PAX Global Technology Limited May 20, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Mayank Singhal as Vice Person and Managing Director Compensation Board AGAINST 2
PI Industries Limited August 14, 2025 Approve Reappointment and Remuneration of Rajnish Sarna as Joint Managing Director Compensation Board AGAINST 2
PI Industries Limited August 14, 2025 Confirm Interim Dividend and Declare Final Dividend Capital Structure Board AGAINST 2
PLAYSTUDIOS, Inc. July 22, 2025 Election of Directors: Jason Krikorian Director Elections Board WITHHOLD 2
PLAYSTUDIOS, Inc. July 22, 2025 Election of Directors: Joe Horowitz Director Elections Board WITHHOLD 2
PLAYSTUDIOS, Inc. July 22, 2025 Election of Directors: Judy K. Mencher Director Elections Board WITHHOLD 2
PLDT Inc. June 9, 2026 Elect Bernadine T. Siy as Director Director Elections Board WITHHOLD 2
PLDT Inc. June 9, 2026 Elect James L. Go as Director Director Elections Board WITHHOLD 2
PLDT Inc. June 9, 2026 Elect Manuel V. Pangilinan as Director Director Elections Board WITHHOLD 2
POSCO DX Co., Ltd. March 26, 2026 Authorize Board to Fix Remuneration of Internal Auditor(s) Compensation Board AGAINST 2
PT Amman Mineral Internasional Tbk May 19, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 2
PT Amman Mineral Internasional Tbk May 19, 2026 Approve Transfer of Shares from the Buyback Capital Structure Board AGAINST 2
PT BFI Finance Indonesia Tbk September 15, 2025 Approve Capital Increase without Pre-Emptive Rights in Connection with the Management and Employee Stock Option Program (MESOP) Compensation Board AGAINST 2
PT Bank Negara Indonesia (Persero) Tbk March 9, 2026 Approve Share Repurchase Program and Transfer of Repurchased Shares Capital Structure Board AGAINST 2
PT Barito Renewables Energy Tbk September 30, 2025 Approve Changes in the Boards of the Company Director Elections Board AGAINST 2
PT Barito Renewables Energy Tbk June 24, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 2
PT Charoen Pokphand Indonesia Tbk May 20, 2026 Approve Auditors Audit-related Board AGAINST 2
PT Dian Swastatika Sentosa Tbk June 9, 2026 Approve Pledging of Assets for Debt Capital Structure Board AGAINST 2
PT Ekamas Mora Republik Tbk June 15, 2026 Approve Pledging of Assets for Debt Capital Structure Board AGAINST 2
PT GoTo Gojek Tokopedia Tbk June 18, 2026 Amend Articles of Association in Relation to the Increase in the Issued and Paid Up Capital Capital Structure Board AGAINST 2
PT GoTo Gojek Tokopedia Tbk June 18, 2026 Approve Issuance of New Shares Based on the Share Ownership Program and Delegation of Authority to Commissioners Compensation Board AGAINST 2
PT Impack Pratama Industri Tbk June 10, 2026 Approve Pledging of Assets for Debt Capital Structure Board AGAINST 2
PT Pantai Indah Kapuk Dua Tbk October 9, 2025 Approve Capital Increase with Preemptive Rights Capital Structure Board AGAINST 2
PT Pantai Indah Kapuk Dua Tbk October 9, 2025 Approve Material Transaction and Affiliated Transaction Extraordinary Transactions Board AGAINST 2
PT Pantai Indah Kapuk Dua Tbk October 9, 2025 Approve Plan to Increase Equity Participation in Subsidiaries Extraordinary Transactions Board AGAINST 2
PT Petrindo Jaya Kreasi Tbk June 26, 2026 Approve Pledging of Assets for Debt Capital Structure Board AGAINST 2
PT Telkom Indonesia (Persero) Tbk September 16, 2025 Approve Changes in the Boards of the Company Director Elections Board AGAINST 2
PT Telkom Indonesia (Persero) Tbk June 8, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 2
PT Transcoal Pacific Tbk June 26, 2026 Approve Changes in the Board of Commissioners Director Elections Board AGAINST 2
PT Unilever Indonesia Tbk February 13, 2026 Approve Delegation of Authority to the Board of Commissioners to Approve Changes to Pension Fund Regulation Compensation Board AGAINST 2
Pacira Biosciences, Inc. June 9, 2026 Approval of our Amended and Restated 2011 Stock Incentive Plan. Compensation Board AGAINST 2
Palvella Therapeutics, Inc. June 10, 2026 Approval of an amendment to the 2024 Equity Incentive Plan to increase the authorized shares issuable under the 2024 Plan by 750,000 shares. Compensation Board AGAINST 2
Pasifik Eurasia Lojistik dis Ticaret AS April 17, 2026 Approve Director Remuneration Compensation Board AGAINST 2
PearlAbyss Corp. March 27, 2026 Elect Lee Seon-hui as Outside Director Director Elections Board AGAINST 2
Peker Gayrimenkul Yatirim Ortakligi AS December 1, 2025 Approve Director Remuneration Compensation Board AGAINST 2
Peker Gayrimenkul Yatirim Ortakligi AS June 16, 2026 Approve Director Remuneration Compensation Board AGAINST 2
PennyMac Mortgage Investment Trust June 16, 2026 To elect the three Class II Trustees identified in the enclosed Proxy Statement to serve on our Board of Trustees, each for a term expiring at the 2029 Annual Meeting of Shareholders: Preston DuFauchard Director Elections Board AGAINST 2
Performant Healthcare, Inc. October 17, 2025 Non-Binding, Advisory Vote on Named Executive Officers Merger-Related Compensation Say-on-Pay Board (inferred) AGAINST 2
Persistent Systems Limited July 21, 2025 Approve Reappointment and Remuneration of Sandeep Kalra as Executive Director Compensation Board AGAINST 2
Pharma Mar SA June 29, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 2
Pharma Mar SA June 29, 2026 Reelect Emiliano Calvo Aller as Director Director Elections Board AGAINST 2
PharmaResearch Co., Ltd. March 27, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
Phibro Animal Health Corporation November 4, 2025 Election of Class III Directors: Alejandro Bernal Director Elections Board WITHHOLD 2
Phibro Animal Health Corporation November 4, 2025 Election of Class III Directors: E. Thomas Corcoran Director Elections Board WITHHOLD 2
Phibro Animal Health Corporation November 4, 2025 Election of Class III Directors: Jack C. Bendheim Director Elections Board WITHHOLD 2
PhysicsWallah Ltd. January 18, 2026 Approve Adoption of Physicswallah Limited Employees' Stock Option Plan 2025 Compensation Board AGAINST 2
PhysicsWallah Ltd. January 18, 2026 Approve Extension of Benefits under the Physicswallah Limited Employees' Stock Option Plan, 2022 to Eligible Employees of Group Company(ies), including Subsidiary Company(ies) and Associate Company(ies), whether in India or Outside India Compensation Board AGAINST 2
PhysicsWallah Ltd. January 18, 2026 Approve Ratification of Physicswallah Limited Employees' Stock Options Plan 2022 Compensation Board AGAINST 2
Pidilite Industries Limited August 6, 2025 Reelect Rajeev Vasudeva as Director Director Elections Board AGAINST 2
Ping An Healthcare and Technology Company Limited April 23, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Ping An Healthcare and Technology Company Limited April 23, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Piotech, Inc. December 22, 2025 Approve Joint Investment with Related Parties Extraordinary Transactions Board AGAINST 2
Playtech Plc May 20, 2026 Approve Remuneration Report Compensation Board AGAINST 2
Playtech Plc May 20, 2026 Re-elect Ian Penrose as Director Director Elections Board AGAINST 2
Playtech Plc May 20, 2026 Re-elect Linda Marston-Weston as Director Director Elections Board AGAINST 2
Playtech Plc May 20, 2026 Re-elect Samy Reeb as Director Director Elections Board AGAINST 2
Poly Developments & Holdings Group Co., Ltd. December 8, 2025 Amend Dividends Management System Capital Structure Board AGAINST 2
Poly Property Services Co., Ltd. May 29, 2026 Approve BDO Limited and BDO China Shu Lun Pan Certified Public Accountants LLP as Overseas Auditor and Domestic Auditor, Respectively, and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Poly Property Services Co., Ltd. May 29, 2026 Approve Grant of the General Mandate to the Board to Issue Shares Capital Structure Board AGAINST 2
Polycab India Limited May 10, 2026 Reelect Sutapa Banerjee as Director Director Elections Board AGAINST 2
Pony AI Inc. April 2, 2026 Adopt 2026 Share Scheme Compensation Board AGAINST 2
Pony AI Inc. April 2, 2026 Approve Grant of RSUs to Jun Peng Pursuant to the 2026 Share Scheme Compensation Board AGAINST 2
Pony AI Inc. April 2, 2026 Approve Grant of RSUs to Tiancheng Lou Pursuant to the 2026 Share Scheme Compensation Board AGAINST 2
Pony AI Inc. April 2, 2026 Approve Individual Limit under the 2026 Share Scheme Compensation Board AGAINST 2
Pony AI Inc. April 2, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights for Additional Class A Ordinary Shares and/or ADSs Capital Structure Board AGAINST 2
Pony AI Inc. April 2, 2026 Approve Scheme Limit under the 2026 Share Scheme Compensation Board AGAINST 2

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Built November 8, 2026 from SEC Form N-PX filings.