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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
ADATA Technology Co. Ltd. May 22, 2026 Approve Issuance of Shares via a Private Placement Capital Structure Board AGAINST 1
ADATA Technology Co. Ltd. May 22, 2026 Elect Chen, Tzu-Chang as Independent Director Director Elections Board AGAINST 1
ADC Therapeutics SA June 1, 2026 Approving an amendment to increase the number of shares authorized under the 2019 Equity Incentive Plan The Board of Directors proposes that an amendment to increase the number of shares authorized under 2019 Equity Incentive Plan be approved. Compensation Board AGAINST 1
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that a new article 4d be introduced in the articles of association regarding a conditional share capital based on the capital range, and that article 4a be amended accordingly, to provide for the issuance of up to 64,863,182 common shares (CHF 5,189,054.56). Capital Structure Board AGAINST 1
ADC Therapeutics SA June 1, 2026 The Board of Directors proposes that the amendments to article 4c paragraph 1 of the articles of association to increase the Company's conditional share capital for financing, acquisitions and other purposes from 38,026,929 common shares (CHF 3,042,154.32) to 48,026,929 common shares (CHF 3,842,154.32) be approved. Capital Structure Board AGAINST 1
AEON REIT Investment Corp. October 23, 2025 Elect Supervisory Director Seki, Yoko Director Elections Board AGAINST 1
AFRY AB April 28, 2026 Approve Remuneration Report Compensation Board AGAINST 1
AFRY AB April 28, 2026 Reelect Tom Erixon as Board Chair Director Elections Board AGAINST 1
AFRY AB April 28, 2026 Reelect Tom Erixon as Director Director Elections Board AGAINST 1
AFRY AB April 28, 2026 Reelect Viveka Beckeman as Director Director Elections Board AGAINST 1
AGT Food and Ingredients Inc. June 23, 2026 Elect Director Huseyin Arslan Director Elections Board WITHHOLD 1
AGT Food and Ingredients Inc. June 23, 2026 Elect Director Murad Al-Katib Director Elections Board WITHHOLD 1
ALK-Abello A/S March 16, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
ALK-Abello A/S March 16, 2026 Approve Remuneration Report (Advisory Vote) Compensation Board AGAINST 1
AMMB Holdings Berhad August 20, 2025 Elect KONG Sooi Lin Director Elections Board AGAINST 1
AQ Group AB April 23, 2026 Reelect Claes Mellgren as Director Director Elections Board AGAINST 1
ASK Automotive Ltd. March 5, 2026 Reelect Yogesh Kapur as Director Director Elections Board AGAINST 1
ATOSS Software SE April 30, 2026 Approve Issuance of Warrants/Bonds with Warrants Attached/Convertible Bonds without Preemptive Rights up to Aggregate Nominal Amount of EUR 450 Million; Approve Creation of EUR 3.2 Million Pool of Capital to Guarantee Conversion Rights Capital Structure Board AGAINST 1
ATOSS Software SE April 30, 2026 Approve Remuneration Report Compensation Board AGAINST 1
ATOSS Software SE April 30, 2026 Elect Klaus Bauer to the Supervisory Board Director Elections Board AGAINST 1
ATOSS Software SE April 30, 2026 Elect Moritz Zimmermann to the Supervisory Board Director Elections Board AGAINST 1
ATOSS Software SE April 30, 2026 Elect Rolf Vielhauer von Hohenhau to the Supervisory Board Director Elections Board AGAINST 1
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 1
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Approve Long-Term Incentive Plan Compensation Board AGAINST 1
ATRESMEDIA Corporacion de Medios de Comunicacion SA April 22, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Abacus Global Management, Inc. June 3, 2026 To approve the Abacus Global Management, Inc. 2026 Long-Term Equity Incentive Plan. Compensation Board AGAINST 1
Abercrombie & Fitch Co. June 3, 2026 Election of Directors: Kerrii B. Anderson Director Elections Board AGAINST 1
Abivax SA May 11, 2026 Approve Compensation Report Compensation Board AGAINST 1
Abivax SA May 11, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 1
Abivax SA May 11, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries, up to Aggregate Nominal Amount of EUR 750,000 Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Approve Issuance of Equity or Equity-Linked Securities for Qualified Investors, up to Aggregate Nominal Amount of EUR 237,873.56 Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Approve Remuneration Policy of CEO Compensation Board AGAINST 1
Abivax SA May 11, 2026 Approve Remuneration Policy of Chairwoman of the Board Compensation Board AGAINST 1
Abivax SA May 11, 2026 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Authorize Capital Increase of Up to EUR 750,000 for Future Exchange Offers Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 750,000 Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 750,000 Capital Structure Board AGAINST 1
Abivax SA May 11, 2026 Authorize up to 10 Percent of Issued Capital for Use in Restricted Stock Plans Compensation Board AGAINST 1
Abivax SA May 11, 2026 Authorize up to 10 Percent of Issued Capital for Use in Stock Option Plans Compensation Board AGAINST 1
Abu Dhabi Islamic Bank March 4, 2026 Appointment of Auditor and Authority to Set Fees Audit-related Board ABSTAIN 1
Abu Dhabi National Energy Co. PJSC March 12, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 1
Abu Dhabi National Energy Co. PJSC March 12, 2026 Elect Eleven Members to the Board of Directors for a Term of Three Years Director Elections Board AGAINST 1
Abu Dhabi Ports Co. PJSC April 9, 2026 Approve Remuneration of Directors for FY 2025 Compensation Board AGAINST 1
Acciona SA June 24, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 1
Acciona SA June 24, 2026 Amend Remuneration Policy Compensation Board AGAINST 1
Accor SA May 27, 2026 Approve Compensation of Sebastien Bazin, Chairman and CEO Say-on-Pay Board (inferred) AGAINST 1
Acme United Corporation April 27, 2026 Approval of an amendment to the 2022 Employee Stock Option Plan to increase the number of shares authorized for issuance as described in the Proxy Statement. Compensation Board AGAINST 1
Acumen Pharmaceuticals, Inc. June 3, 2026 To approve the Company's Amended and Restated 2021 Equity Incentive Plan. Compensation Board AGAINST 1
Adaro Andalan Indonesia Tbk PT May 22, 2026 Determination of the Honorarium or Salary and Allowances for the Companys Board of Commissioners and Board of Directors for the Fiscal Year of 2026 Compensation Board AGAINST 1
Addtech AB August 27, 2025 Approve Remuneration Report Compensation Board AGAINST 1
Addtech AB August 27, 2025 Reelect Fredrik Borjesson as New Director Director Elections Board AGAINST 1
Addtech AB August 27, 2025 Reelect Henrik Hedelius as Director Director Elections Board AGAINST 1
Adeka Corp. June 19, 2026 Elect Director Shirozume, Hidetaka Director Elections Board AGAINST 1
Aehr Test Systems October 20, 2025 Proposal to approve an amendment to the Company's 2023 Equity Incentive Plan to increase the number of shares of common stock reserved for issuance thereunder by an additional 2,500,000 shares of common stock Compensation Board AGAINST 1
Aeluma, Inc. January 15, 2026 To re-elect the Class I directors named in this Proxy Statement to hold office for a 3-year term and until his respective successor is elected and duly qualified: Steven P. DenBaars Director Elections Board WITHHOLD 1
Aena S.M.E. SA April 16, 2026 Reelect Maurici Lucena Betriu as Director Director Elections Board AGAINST 1
Aeroports de Paris May 21, 2026 Authorize Repurchase of Up to 10 Percent of Issued Share Capital Capital Structure Board AGAINST 1
Afcons Infrastructure Ltd. July 25, 2025 Approve Reappointment and Remuneration of Giridhar Rajagopalan as Whole-Time Director Designated as Deputy Managing Director Compensation Board AGAINST 1
Afcons Infrastructure Ltd. November 10, 2025 Approve Grant of Employee Stock Options to the Employees of Associate Company(ies) of the Company under Afcons Infrastructure Limited - Employee Stock Option Plan 2025 Compensation Board AGAINST 1
Agenus Inc. June 16, 2026 To approve a one-time stock option exchange program under our 2019 EIP, our Amended and Restated 2009 Equity Incentive Plan, and our 2015 Inducement Equity Plan, with premium strike prices applicable to director and executive officer replacement options. Compensation Board AGAINST 1
Agenus Inc. June 16, 2026 To approve an amendment to our Amended and Restated 2019 Equity Incentive Plan to increase the aggregate shares available for issuance by 5,000,000 shares. Compensation Board AGAINST 1
Agios Pharmaceuticals, Inc. June 18, 2026 To approve an amendment to the Agios Pharmaceuticals, Inc. 2023 Stock Incentive Plan, as Amended, to increase the number of shares of common stock available thereunder by 2,000,000 shares. Compensation Board AGAINST 1
Agricultural Bank of China November 28, 2025 Authority to Issue Capital Instruments and Total Loss-absorbing Capacity Non-capital Bonds Capital Structure Board AGAINST 1
Agricultural Bank of China November 28, 2025 Authority to Issue Financial Bonds Capital Structure Board AGAINST 1
Air Arabia PJSC March 12, 2026 Elect Khan Akhlaque Mohammed as Director Director Elections Board ABSTAIN 1
Akcansa Cimento Sanayi ve Ticaret AS May 20, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Akcansa Cimento Sanayi ve Ticaret AS May 20, 2026 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 1
Aker Solutions ASA April 16, 2026 Approve Remuneration Statement (Advisory Vote) Compensation Board AGAINST 1
Akfen Yenilenebilir Enerji AS April 28, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Alarko Holding AS April 13, 2026 Appoint Auditor for Sustainability Reporting Audit-related Board AGAINST 1
Alarko Holding AS April 13, 2026 Elect Directors and Approve Their Remuneration Director Elections Board AGAINST 1
Alarko Holding AS April 13, 2026 Ratify External Auditors Audit-related Board AGAINST 1
Alior Bank SA April 29, 2026 Amend Remuneration Policy Compensation Board AGAINST 1
Alior Bank SA April 29, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Allfunds Group Plc July 17, 2025 Approve Amendments to the Directors' Remuneration Policy Compensation Board AGAINST 1
Allfunds Group Plc May 7, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Alliance Laundry Holdings Inc. June 11, 2026 Elect Michael D. Schoeb Director Elections Board WITHHOLD 1
Alliance Laundry Holdings Inc. June 11, 2026 Elect Phyllis A. Knight Director Elections Board WITHHOLD 1
Alliance Laundry Holdings Inc. June 11, 2026 Elect Robert L. Verigan Director Elections Board WITHHOLD 1
Almirall SA May 8, 2026 Amend Article 19 Re: Issuance of Bonds Capital Structure Board AGAINST 1
Almirall SA May 8, 2026 Amend Article 20 Re: Convertible Bonds Capital Structure Board AGAINST 1
Alphabet Inc. June 5, 2026 Election of ten directors: Frances H. Arnold Director Elections Board AGAINST 1
Alphabet Inc. June 5, 2026 Election of ten directors: John L. Hennessy Director Elections Board AGAINST 1
Altarea SCA June 4, 2026 Authorize up to 350,000 Shares for Use in Stock Option Plans Compensation Board AGAINST 1
Altarea SCA June 4, 2026 Authorize up to 750,000 Shares for Use in Restricted Stock Plans Compensation Board AGAINST 1
Alto Neuroscience, Inc. May 12, 2026 To approve an amendment and restatement of the Company's 2024 Employee Stock Purchase Plan to treat outstanding pre-funded warrants the same as outstanding shares of Common Stock for purposes of calculating the number of shares to be automatically added to the share reserve thereunder pursuant to the "evergreen" feature of the 2024 Employee Stock Purchase Plan. Compensation Board AGAINST 1
Alto Neuroscience, Inc. May 12, 2026 To approve an amendment and restatement of the Company's 2024 Equity Incentive Plan to treat outstanding pre-funded warrants the same as outstanding shares of Common Stock for purposes of calculating the number of shares to be automatically added to the share reserve thereunder pursuant to the "evergreen" feature of the 2024 Equity Incentive Plan. Compensation Board AGAINST 1
Aluminum Corporation of China Limited December 22, 2025 New Financial Services Agreement Extraordinary Transactions Board AGAINST 1
Alzchem Group AG May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Ambev SA April 30, 2026 Elect Fiscal Council Members Compensation Board ABSTAIN 1
Ambev SA April 30, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fabio Colletti Barbosa as Director Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fernanda Gemael Hoefel as Independent Director Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Fernando Mommensohn Tennenbaum as Director Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Lia Machado de Matos as Director Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Luciana Pires Dias as Independent Director Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Michel Dimitrios Doukeris as Director and Ricardo Tadeu Almeida Cabral de Soares as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Milton Seligman as Director and David Henrique Galatro de Almeida as Alternate (Not Linked to Any Specific Director) Director Elections Board ABSTAIN 1
Ambev SA April 30, 2026 Percentage of Votes to Be Assigned - Elect Ricardo Manuel Frangatos Pires Moreira as Director Director Elections Board ABSTAIN 1

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