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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
Pony AI Inc. April 2, 2026 Approve Service Providers Limit under the 2026 Share Scheme Compensation Board AGAINST 2
Pony AI Inc. April 2, 2026 Authorize Reissuance of Additional Shares and/or ADSs Capital Structure Board AGAINST 2
Pony AI Inc. June 8, 2026 Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP and Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Pony AI Inc. June 8, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Pony AI Inc. June 8, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Pop Mart International Group Limited May 13, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Pop Mart International Group Limited May 13, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Pop Mart International Group Limited May 13, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Power Construction Corporation of China, Ltd. June 17, 2026 Approve Continue to Authorize the Board of Directors to Make Decisions on the Issuance of Debt Financing Instruments Capital Structure Board AGAINST 2
Power Construction Corporation of China, Ltd. June 17, 2026 Approve Guarantee Plan Capital Structure Board AGAINST 2
Power Construction Corporation of China, Ltd. June 17, 2026 Approve Remuneration of Directors Compensation Board AGAINST 2
Power Construction Corporation of China, Ltd. June 17, 2026 Approve to Formulate the Remuneration Management Measures for Directors and Senior Management Members Compensation Board AGAINST 2
Powerchip Semiconductor Manufacturing Corp. April 10, 2026 Elect Chong-Yu Wu with SHAREHOLDER NO.Q101799920 as Independent Director Director Elections Board AGAINST 2
Powerchip Semiconductor Manufacturing Corp. April 10, 2026 Elect Chun-Shen Chen with SHAREHOLDER NO.L120036XXX as Independent Director Director Elections Board AGAINST 2
Powerchip Semiconductor Manufacturing Corp. April 10, 2026 Elect Frank Huang with SHAREHOLDER NO.3 as Non-independent Director Director Elections Board AGAINST 2
Powerchip Semiconductor Manufacturing Corp. April 10, 2026 Elect Jia-Lin Chang with SHAREHOLDER NO.R120383XXX as Independent Director Director Elections Board AGAINST 2
Prestige Estates Projects Limited September 10, 2025 Approve Remuneration of Faiz Rezwan, Holding Office or Place of Profit, as Executive Director - Contracts and Projects Compensation Board AGAINST 2
Prestige Estates Projects Limited September 10, 2025 Approve Remuneration of Zayd Noaman, Holding Office or Place of Profit, as Executive Director - CMD's Office Compensation Board AGAINST 2
Prestige Estates Projects Limited September 10, 2025 Approve Revision in the Remuneration of Uzma Irfan as Executive Director Compensation Board AGAINST 2
Princeton Bancorp, Inc. April 21, 2026 an advisory vote to approve our named executive officer compensation; Say-on-Pay Board (inferred) AGAINST 2
Procter & Gamble Hygiene and Health Care Limited September 4, 2025 Reelect Sonali Dhawan as Director Director Elections Board AGAINST 2
Protector Forsikring ASA April 9, 2026 Approve Remuneration Statement Compensation Board AGAINST 2
Protector Forsikring ASA April 9, 2026 Reelect Andreas Mork (Chair) as Member of Nominating Committee Director Elections Board AGAINST 2
Provident Bancorp, Inc. September 16, 2025 The approval, on an advisory (non-binding) basis, of specified compensation that may become payable to the named executive officers of Provident Bancorp, Inc. in connection with the merger. Say-on-Pay Board (inferred) AGAINST 2
Public Power Corp. SA June 22, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 2
Public Power Corp. SA June 22, 2026 Approve Profit Sharing Plan Compensation Board AGAINST 2
Punjab National Bank June 20, 2026 Approve Extension of M. Paramasivam as Executive Director Compensation Board AGAINST 2
QinetiQ Group plc July 17, 2025 Re-elect Ross McEwan as Director (WITHDRAWN) Director Elections Board ABSTAIN 2
Qingdao Port International Co., Ltd. June 18, 2026 Approve General Mandate to Issue Domestic and Foreign Debt Financing Instruments Capital Structure Board AGAINST 2
Qingdao Port International Co., Ltd. June 18, 2026 Approve General Mandate to Issue Securities Capital Structure Board AGAINST 2
Qorvo, Inc. August 13, 2025 Election of Directors: Dr. Walden C. Rhines Director Elections Board AGAINST 2
Qorvo, Inc. August 13, 2025 Election of Directors: Roderick D. Nelson Director Elections Board AGAINST 2
Quanta Computer, Inc. May 29, 2026 Approve Issuance of Global Depository Receipt Capital Structure Board AGAINST 2
Quinenco SA April 29, 2026 Elect Directors Director Elections Board AGAINST 2
Quzhou Xin'an Development Co., Ltd. September 15, 2025 Approve Provision of Guarantee Capital Structure Board AGAINST 2
RBB Bancorp May 21, 2026 To approve, by a non-binding advisory vote, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 2
RCM Technologies, Inc. December 18, 2025 Approve our 2025 Omnibus Equity Compensation Plan. Compensation Board AGAINST 2
REGENXBIO Inc. May 29, 2026 To approve a stock option exchange for our executive employees. Compensation Board AGAINST 2
RH June 18, 2026 Election of Directors: Ali Rowghani Director Elections Board WITHHOLD 2
RHEINMETALL AG May 12, 2026 ADOPTION OF A RESOLUTION TO APPROVE THE REMUNERATION REPORT FOR FISCAL YEAR 2025, PREPARED AND AUDITED IN ACCORDANCE WITH SECTION 162 AKTG Say-on-Pay Board AGAINST 2
RPC, Inc. April 28, 2026 To hold a nonbinding vote on executive compensation disclosed in these materials; Say-on-Pay Board (inferred) AGAINST 2
RS Group Plc July 17, 2025 Approve Restricted Share Incentive Plan Compensation Board AGAINST 2
Rackspace Technology, Inc. June 18, 2026 Non-binding advisory vote to approve the compensation of the Company's named executive officers as described in the proxy statement. Say-on-Pay Board (inferred) AGAINST 2
Rail Vikas Nigam Limited August 28, 2025 Reelect N.C. Karmali as Director Director Elections Board AGAINST 2
Rakuten Bank Ltd. June 24, 2026 Elect Director Mikitani, Hiroshi Director Elections Board AGAINST 2
Rakuten Bank Ltd. June 24, 2026 Elect Director Torin, Tomotaka Director Elections Board AGAINST 2
Rakuten Group, Inc. March 27, 2026 Elect Director Mikitani, Hiroshi Director Elections Board AGAINST 2
Raytron Technology Co., Ltd. December 16, 2025 Elect Ma Hong as Director Director Elections Board AGAINST 2
Raytron Technology Co., Ltd. December 16, 2025 Elect Yu Hongbin as Director Director Elections Board AGAINST 2
Raytron Technology Co., Ltd. December 16, 2025 Elect Zhang Lishang as Director Director Elections Board AGAINST 2
Reece Limited November 21, 2025 Approve Conditional Spill Resolution Compensation Board AGAINST 2
Reece Limited November 21, 2025 Approve Remuneration Report Compensation Board AGAINST 2
Reece Limited November 21, 2025 Elect Andrew Wilson as Director Director Elections Board AGAINST 2
Reece Limited November 21, 2025 Elect Angela Mentis as Director Director Elections Board AGAINST 2
Reece Limited November 21, 2025 Elect Bruce C. Wilson as Director Director Elections Board AGAINST 2
Reece Limited November 21, 2025 Elect Sasha Nikolic as Director Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Elect Murphy Morobe as Member of the Social & Ethics Committee Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Elect Phillip Moleketi as Member of the Social & Ethics Committee Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Elect Sonja de Bruyn as Member of the Social & Ethics Committee Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Re-elect Murphy Morobe as Director Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Re-elect Phillip Moleketi as Director Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Re-elect Sonja De Bruyn as Director Director Elections Board AGAINST 2
Remgro Ltd. November 27, 2025 Re-elect Sonja de Bruyn as Member of the Audit and Risk Committee Director Elections Board AGAINST 2
Rezolute, Inc. November 19, 2025 To approve, by a non-binding advisory vote, the compensation of the Company's named executive officers as disclosed in the Executive Compensation section of the Proxy Statement. Say-on-Pay Board (inferred) AGAINST 2
Richtech Robotics Inc. September 29, 2025 Election of Stephen Markscheid to hold office until the 2028 Annual Meeting of Stockholders or his successor is elected and qualified. Director Elections Board WITHHOLD 2
Rithm Property Trust Inc. June 2, 2026 To approve (on a non-binding advisory basis) the compensation of the named executive officers as described in the accompanying materials. Say-on-Pay Board (inferred) AGAINST 2
Riverview Bancorp, Inc. August 28, 2025 Advisory (non-binding) vote to approve the compensation paid to our named executive officers. Say-on-Pay Board (inferred) AGAINST 2
Ruijie Networks Co., Ltd. February 2, 2026 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 2
Ruijie Networks Co., Ltd. February 2, 2026 Approve Draft and Summary of Performance Shares Incentive Plan Compensation Board AGAINST 2
Ruijie Networks Co., Ltd. February 2, 2026 Approve Management Measures of Performance Shares Incentive Plan Compensation Board AGAINST 2
Ruijie Networks Co., Ltd. February 2, 2026 Approve Management Method for Implementation and Evaluation of Performance Shares Incentive Plan Compensation Board AGAINST 2
S&P GLOBAL INC. May 20, 2026 Approve, on an advisory basis, the executive compensation program for the Company's named executive officers, as described in the Proxy Statement; Say-on-Pay Board AGAINST 2
SAIC Motor Corp. Ltd. June 26, 2026 Approve to Appoint Financial and Internal Control Auditor Audit-related Board AGAINST 2
SAM CHUN DANG PHARM Co., Ltd. July 30, 2025 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
SAM CHUN DANG PHARM Co., Ltd. March 30, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
SAMYANG FOODS Co., Ltd. March 26, 2026 Approve Total Remuneration of Inside Directors and Outside Directors Compensation Board AGAINST 2
SANUWAVE Health, Inc. August 19, 2025 Election of Directors: Ian Miller Director Elections Board WITHHOLD 2
SANUWAVE Health, Inc. August 19, 2025 Election of Directors: James Tyler Director Elections Board WITHHOLD 2
SANUWAVE Health, Inc. August 19, 2025 Election of Directors: Jeffrey Blizard Director Elections Board WITHHOLD 2
SANUWAVE Health, Inc. August 19, 2025 To approve an amendment to the SANUWAVE Health, Inc. 2024 Equity Incentive Plan to increase the number of shares authorized for issuance under the plan by 500,000 shares. Compensation Board AGAINST 2
SDIC Capital Co., Ltd. December 5, 2025 Approve Performance Appraisal and Bonus Payment for the Chairman and Relevant Directors Compensation Board AGAINST 2
SECOM Co., Ltd. June 26, 2026 Elect Director Yoshida, Yasuyuki Director Elections Board AGAINST 2
SERES Group Co., Ltd. April 22, 2026 Approve Deloitte Touche Tohmatsu Certified Public Accountants LLP as Domestic and Internal Control Auditors and Deloitte Touche Tohmatsu as Overseas Financial Statement Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
SERES Group Co., Ltd. April 22, 2026 Approve Grant of a General Mandate to the Board to Issue Shares Capital Structure Board AGAINST 2
SERES Group Co., Ltd. June 25, 2026 Adopt H Share Award Scheme Compensation Board AGAINST 2
SERES Group Co., Ltd. June 25, 2026 Approve Service Provider Sublimit Compensation Board AGAINST 2
SERES Group Co., Ltd. June 25, 2026 Authorize the Board and/or the Scheme Administrator to Deal with All Matters in Relation to the H Share Award Scheme Compensation Board AGAINST 2
SG Micro Corp. April 20, 2026 Approve the General Mandate for Issuance of H Shares Capital Structure Board AGAINST 2
SHOPIFY INC. June 16, 2026 Non-binding Advisory Vote on Executive Compensation Non-binding advisory vote that the shareholders accept Shopify Inc.'s approach to executive compensation as disclosed in the Management Information Circular for the Meeting. Say-on-Pay Board AGAINST 2
SICC Co., Ltd. October 30, 2025 Approve Change of Registered Capital, Cancellation of the Supervisory Committee and Amendments to the Articles of Association and Its Appendices Capital Structure Board AGAINST 2
SICC Co., Ltd. October 30, 2025 Approve Formulation of Remuneration Management System for Directors and Senior Management Members Compensation Board AGAINST 2
SICC Co., Ltd. May 29, 2026 Approve Grant of General Mandate to the Board to Issue H Shares Capital Structure Board AGAINST 2
SINOMACH Heavy Equipment Group Co., Ltd. August 11, 2025 Elect Han Xiaojun as Director Director Elections Board AGAINST 2
SINOMACH Heavy Equipment Group Co., Ltd. August 11, 2025 Elect Li Xiaoming as Director Director Elections Board AGAINST 2
SINOMACH Heavy Equipment Group Co., Ltd. August 11, 2025 Elect Ma Yi as Director Director Elections Board AGAINST 2
SINOMACH Heavy Equipment Group Co., Ltd. February 6, 2026 Approve Application of Bank Credit Lines Capital Structure Board AGAINST 2
SJVN Limited September 25, 2025 Reelect Udeeta Tyagi as Director Director Elections Board AGAINST 2
SK bioscience Co., Ltd. March 23, 2026 Elect Lee Ui-gyeong as a Member of Audit Committee Director Elections Board AGAINST 2
SKSHU Paint Co., Ltd. May 13, 2026 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 2
SMC Corp. (Japan) June 26, 2026 Elect Director Takada, Yoshiki Director Elections Board AGAINST 2

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