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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
Sunny Optical Technology (Group) Company Limited May 27, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 2
Sunny Optical Technology (Group) Company Limited May 27, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
Sunny Optical Technology (Group) Company Limited May 27, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
Sunresin New Materials Co., Ltd. May 19, 2026 Approve to Appoint Auditor Audit-related Board AGAINST 2
Sunwoda Electronic Co., Ltd. December 25, 2025 Approve Cash Dividend Management System Capital Structure Board AGAINST 2
Sunwoda Electronic Co., Ltd. March 5, 2026 Approve Bill Pool Business Capital Structure Board AGAINST 2
Surgery Partners, Inc. June 5, 2026 Election of Class II Directors: Devin O'Reilly Director Elections Board WITHHOLD 2
Sutro Biopharma, Inc. June 5, 2026 To approve, on a non-binding, advisory basis, the compensation of our named executive officers. Say-on-Pay Board (inferred) AGAINST 2
Suzhou Dongshan Precision Manufacturing Co., Ltd. November 3, 2025 Elect Xu Weidong as Independent Director Director Elections Board AGAINST 2
Suzhou Dongshan Precision Manufacturing Co., Ltd. May 15, 2026 Approve Remuneration of Directors and Senior Management Members Compensation Board AGAINST 2
Suzhou Maxwell Technologies Co., Ltd. November 13, 2025 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 2
Svenska Cellulosa AB SCA March 27, 2026 Reelect Helena Stjernholm as Board Chair Director Elections Board AGAINST 2
Svenska Cellulosa AB SCA March 27, 2026 Reelect Helena Stjernholm as Director Director Elections Board AGAINST 2
Swiggy Limited August 21, 2025 Approve Continuation of Ashutosh Sharma as Non-Executive Nominee Director Director Elections Board AGAINST 2
Synchronoss Technologies, Inc. February 12, 2026 To approve, on a non-binding, advisory basis, certain compensation that will or may become payable by Synchronoss to its named executive officers in connection with the Merger. Say-on-Pay Board (inferred) AGAINST 2
TBEA Co., Ltd. May 7, 2026 Approve Remuneration Management System for Directors and Senior Management Members Compensation Board AGAINST 2
TBS Holdings, Inc. June 26, 2026 Elect Director Abe, Ryujiro Director Elections Board AGAINST 2
TBS Holdings, Inc. June 26, 2026 Elect Director Sasaki, Takashi Director Elections Board AGAINST 2
TCL Technology Group Corp. July 17, 2025 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 2
TCL Technology Group Corp. July 17, 2025 Approve Draft and Summary on Employee Share Purchase Plan Compensation Board AGAINST 2
TCL Technology Group Corp. July 17, 2025 Approve Management Measures for the Employee Share Purchase Plan Compensation Board AGAINST 2
TENCENT HOLDINGS LTD May 13, 2026 TO GRANT A GENERAL MANDATE TO THE DIRECTORS TO ISSUE NEW SHARES (ORDINARY RESOLUTION 5 AS SET OUT IN THE NOTICE OF THE AGM) Capital Structure Board AGAINST 2
TENCENT HOLDINGS LTD May 13, 2026 TO RE-ELECT MR IAN CHARLES STONE AS DIRECTOR Director Elections Board AGAINST 2
THE PRS REIT PLC December 2, 2025 Re-elect Christopher Mills as Director Director Elections Board AGAINST 2
TOTO Ltd. June 23, 2026 Elect Director and Audit Committee Member Horikoshi, Hidekazu Director Elections Board AGAINST 2
TPG Telecom Limited May 8, 2026 Elect Helen Nugent as Director Director Elections Board AGAINST 2
TREEHOUSE FOODS, INC. January 29, 2026 Approval, on a non-binding, advisory basis, of specified compensation that may be paid or become payable to TreeHouse Foods' named executive officers in connection with the Merger and contemplated by the Merger Agreement. Say-on-Pay Board AGAINST 2
TURKCELL Iletisim Hizmetleri AS May 7, 2026 Appoint Auditor for Sustainability Reporting Audit-related Board AGAINST 2
TURKCELL Iletisim Hizmetleri AS May 7, 2026 Approve Director Remuneration Compensation Board AGAINST 2
TURKCELL Iletisim Hizmetleri AS May 7, 2026 Ratify Director Appointments and Elect Directors Director Elections Board AGAINST 2
TURKCELL Iletisim Hizmetleri AS May 7, 2026 Ratify External Auditors Audit-related Board AGAINST 2
TV Asahi Holdings Corp. June 26, 2026 Elect Director Hayakawa, Hiroshi Director Elections Board AGAINST 2
TV Asahi Holdings Corp. June 26, 2026 Elect Director Shinozuka, Hiroshi Director Elections Board AGAINST 2
Ta Chen Stainless Pipe Co., Ltd. June 16, 2026 Elect Shi-Hsien Tu with SHAREHOLDER NO.00000082 as Non-independent Director Director Elections Board AGAINST 2
Taichung Commercial Bank Co., Ltd. May 27, 2026 Elect JIN-YI LEE as Independent Director Director Elections Board AGAINST 2
Taichung Commercial Bank Co., Ltd. May 27, 2026 Elect PI-TA CHEN as Independent Director Director Elections Board AGAINST 2
Taiheiyo Cement Corp. June 26, 2026 Elect Director Fushihara, Masafumi Director Elections Board AGAINST 2
Taiheiyo Cement Corp. June 26, 2026 Elect Director Taura, Yoshifumi Director Elections Board AGAINST 2
Talkweb Information System Co., Ltd. May 19, 2026 Approve Appointment of Auditor Audit-related Board AGAINST 2
Talkweb Information System Co., Ltd. June 10, 2026 Approve Removal of Song Junyi as Non-independent Director Director Elections Board AGAINST 2
Talkweb Information System Co., Ltd. June 10, 2026 Elect Hu Xiaodi as Non-independent Director Director Elections Board AGAINST 2
Tata Communications Limited July 9, 2025 Reelect Ankur Verma as Director Director Elections Board AGAINST 2
Tejon Ranch Co. May 13, 2026 Advisory vote to approve named executive officer compensation. Say-on-Pay Board (inferred) AGAINST 2
Teradata Corporation May 14, 2026 Approval of the Teradata 2023 Stock Incentive Plan, as Amended and Restated. Compensation Board AGAINST 2
Teradata Corporation May 14, 2026 Election of Directors: Kimberly K. Nelson Director Elections Board AGAINST 2
Teradata Corporation May 14, 2026 Election of Directors: Melissa B. Fisher Director Elections Board AGAINST 2
Teradata Corporation May 14, 2026 Election of Directors: Stephen McMillan Director Elections Board AGAINST 2
Terumo Corp. June 26, 2026 Elect Director Samejima, Hikaru Director Elections Board AGAINST 2
Terumo Corp. June 26, 2026 Elect Director Takagi, Toshiaki Director Elections Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Amend Clause 4 of the Memorandum of Association Re: Increase in Registered Capital Capital Structure Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Amend Clause 4 of the Memorandum of Association Re: Reduction in Registered Capital Capital Structure Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Approve Allocation of New Ordinary Shares Pursuant to Awards Granted under the ThaiBev Long Term Incentive Plan 2026 - 2030 and Release of Final Awards under the ThaiBev Long Term Incentive Plan 2021 - 2025 Compensation Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Approve Increase in Registered Capital Capital Structure Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Approve Reduction in Registered Capital Capital Structure Board AGAINST 2
Thai Beverage Public Company Limited January 30, 2026 Approve ThaiBev Long Term Incentive Plan 2026 - 2030 Compensation Board AGAINST 2
The Awa Bank Ltd. June 26, 2026 Elect Director Fukunaga, Takehisa Director Elections Board AGAINST 2
The Awa Bank Ltd. June 26, 2026 Elect Director Nagaoka, Susumu Director Elections Board AGAINST 2
The Baldwin Insurance Group, Inc. June 4, 2026 Company Proposal - To elect four Class I Directors to serve until the 2029 Annual Meeting of Shareholders or until their successors are duly elected and qualified: Lowry Baldwin Director Elections Board WITHHOLD 2
The Bidvest Group Ltd. December 1, 2025 Approve Endorsement of Hospitality and Travel Expenses Paid on Behalf of Non-Executive Directors Compensation Board AGAINST 2
The Tata Power Company Limited July 4, 2025 Reelect Saurabh Agrawal as Director Director Elections Board AGAINST 2
The Wharf (Holdings) Limited May 14, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 2
The Wharf (Holdings) Limited May 14, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 2
The Wharf (Holdings) Limited May 14, 2026 Elect Elizabeth Law as Director Director Elections Board AGAINST 2
The Yokohama Rubber Co., Ltd. March 27, 2026 Elect Alternate Director and Audit Committee Member Furukawa, Junichi Director Elections Board AGAINST 2
Thermax Limited July 31, 2025 Approve Reappointment and Remuneration of Ashish Bhandari as Managing Director and CEO Compensation Board AGAINST 2
Thermax Limited July 31, 2025 Reelect Pheroz N. Pudumjee as Director Director Elections Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Audit Report, Preparation for Review Report and Asset Valuation Report Relevant to This Transaction Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Authorization of the Board to Handle All Related Matters Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Company's Plan for Issuance of Shares and Acquisition by Cash as Well as Raising Supporting Funds and Related Party Transactions Complies with Relevant Laws and Regulations Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Completeness and Compliance of Implementation of Legal Proceedings of the Transaction and Validity of the Submitted Legal Documents Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Confidentiality Measures and Confidentiality System Adopted for This Transaction Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Directly or Indirectly Engaging Other Third-party Institutions or Individuals for Compensation in This Transaction Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Fluctuation of the Company's Stock Price During the 20 Trading Days Preceding the Initial Announcement Date of This Transaction Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Impact of Dilution of Current Returns on Major Financial Indicators and the Relevant Measures to be Taken Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Independence of Appraiser, the Validity of Hypothesis, the Relevance of Valuation Method and Purpose and Approach as Well as the Fairness of Pricing Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Arrangement for Profit and Loss During the Transition Period Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Distribution Arrangement of Undistributed Earnings Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Issuance Targets Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Issue Amount Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Issue Type, Par Value and Listing Exchange Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Lock-up Period Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Performance Compensation and Impairment Compensation Arrangement Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Pricing Reference Date, Pricing Principles and Issue Price Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares and Acquisition by Cash Specific Plan - Transaction Amount and Consideration Payment Method Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Distribution Arrangement of Undistributed Earnings Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Issuance Targets Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Issue Size and Number of Issues Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Issue Type, Par Value and Listing Exchange Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Lock-Up Period Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Pricing Reference Date, Pricing Principles and Issue Price Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Issuance of Shares for Raising Supporting Funds - Use of Proceeds Capital Structure Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Proposal on Whether This Transaction Constitutes a Major Asset Restructuring and a Restructuring Listing Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Purchases and Sales of Assets in the Twelve Months Prior to the Transaction Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Report (Draft) and Summary on Company's Issuance of Shares and Acquisition by Cash as well as Raising Supporting Funds and Related Party Transactions Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Resolution Validity Period Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Signing of Supplementary Agreement to the Agreement on Issuance of Shares and Acquisition by Cash, and Performance Commitment and Impairment Compensation Agreement Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve The Company Does Not Exist in Article 11 of the Administrative Measures for the Registration of Securities Issuance by Listed Companies Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Transaction Complies with Article 4 of Guidelines for the Supervision of Listed Companies No. 9 - Regulatory Requirements for Listed Companies to Plan and Implement Major Asset Restructuring Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve Transaction Complies with Articles 11, 43 and 44 of the Measures for the Administration of Major Asset Restructuring of Listed Companies Extraordinary Transactions Board AGAINST 2
Tianshui Huatian Technology Co., Ltd. February 27, 2026 Approve the Relevant Entity of Transaction Does Not Exist in Article 12 of Listed Company Supervision Guidelines No. 7 and Article 30 of the Guidelines for Self-regulatory Supervision No. 8 Extraordinary Transactions Board AGAINST 2

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