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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
Baimtec Material Co., Ltd. May 28, 2026 Approve Remuneration of Directors Compensation Board AGAINST 1
Baimtec Material Co., Ltd. May 28, 2026 Approve to Appoint Auditor Audit-related Board AGAINST 1
Bajaj Holdings & Investment Ltd August 6, 2025 Elect Niraj Bajaj Director Elections Board AGAINST 1
Bajaj Holdings & Investment Ltd August 6, 2025 Elect Rajiv Bajaj Director Elections Board AGAINST 1
Banco BTG Pactual S.A. December 9, 2025 Request Establishment of Supervisory Council Director Elections Board ABSTAIN 1
Banco BTG Pactual S.A. April 30, 2026 Aggregate Common and Preferred Shares Capital Structure Board ABSTAIN 1
Banco BTG Pactual S.A. April 30, 2026 Allocate Cumulative Votes to Roberto Balls Sallouti Director Elections Board ABSTAIN 1
Banco BTG Pactual S.A. April 30, 2026 Remuneration Policy Compensation Board AGAINST 1
Banco BTG Pactual S.A. April 30, 2026 Request Cumulative Voting Director Elections Board AGAINST 1
Banco BTG Pactual S.A. April 30, 2026 Request Establishment of Supervisory Council Director Elections Board ABSTAIN 1
Banco BTG Pactual S.A. April 30, 2026 Request Separate Election for Board Member (Minority) Director Elections Board ABSTAIN 1
Banco BTG Pactual S.A. April 30, 2026 Request Separate Election for Board Member (Preferred) Director Elections Board ABSTAIN 1
Banco BTG Pactual SA April 30, 2026 Elect Andre Santos Esteves as Director Director Elections Board AGAINST 1
Banco BTG Pactual SA April 30, 2026 Elect Joao Marcello Dantas Leite as Director Director Elections Board AGAINST 1
Banco BTG Pactual SA April 30, 2026 Elect John Huw Gwili Jenkins as Director Director Elections Board AGAINST 1
Banco BTG Pactual SA April 30, 2026 Elect Nelson Azevedo Jobim as Director Director Elections Board AGAINST 1
Banco BTG Pactual SA April 30, 2026 Elect Roberto Balls Sallouti as Director Director Elections Board AGAINST 1
Banco Santander (Brasil) SA July 4, 2025 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Banco Santander (Brasil) SA July 4, 2025 Percentage of Votes to Be Assigned - Elect Nitin Prabhu as Director Director Elections Board ABSTAIN 1
Banco Santander (Brasil) SA October 16, 2025 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Banco Santander (Brasil) SA October 16, 2025 Percentage of Votes to Be Assigned - Elect Gilson Finkelsztain as Director Director Elections Board ABSTAIN 1
Banco Santander (Brasil) SA January 15, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Banco Santander (Brasil) SA January 15, 2026 Percentage of Votes to Be Assigned - Elect Antonio Carlos Quintella as Independent Director Director Elections Board ABSTAIN 1
Banco do Brasil SA April 29, 2026 Authorize Alienation of Treasury Shares (BBAS3) to Certain Bank's Subsidiaries for the Purpose of Enabling Those Subsidiaries to Pay the Equity Portion of the Annual Variable Compensation of Their Administrators Compensation Board AGAINST 1
Banco do Brasil SA April 29, 2026 Authorize Alienation of Treasury Shares (BBAS3) to Enable the Granting of Employee Incentives under Incentive Programs Regulated by the Bank Compensation Board AGAINST 1
Bank Polska Kasa Opieki SA May 28, 2026 Remuneration Report Compensation Board AGAINST 1
Bank of Qingdao Co., Ltd. May 28, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Banner Corporation May 20, 2026 Election of Director: Roberto R. Herencia Director Elections Board AGAINST 1
Baticim Bati Anadolu Cimento Sanayii AS June 3, 2026 Appoint Auditor for Sustainability Reporting for 2024 and 2025 Audit-related Board AGAINST 1
Baticim Bati Anadolu Cimento Sanayii AS June 3, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Baticim Bati Anadolu Cimento Sanayii AS June 3, 2026 Elect Directors Director Elections Board AGAINST 1
Batisoke Soke Cimento Sanayii TAS June 3, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Batisoke Soke Cimento Sanayii TAS June 3, 2026 Elect Directors Director Elections Board AGAINST 1
Bechtle AG June 17, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Becle SAB de CV April 30, 2026 Elect and/or Ratify Chair and Secretary of Audit and Corporate Practices Committee Director Elections Board AGAINST 1
Becle SAB de CV April 30, 2026 Elect and/or Ratify Directors, Secretary and CEO Director Elections Board AGAINST 1
Beijing Geekplus Technology Co., Ltd. May 26, 2026 Approve Granting of General Mandate to the Board to Issue H Shares Capital Structure Board AGAINST 1
Beijing Jingneng Clean Energy Co., Limited June 25, 2026 Approve Grant Thornton Certified Public Accountants (Special General Partnership) as Domestic Auditor and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Beijing Jingneng Clean Energy Co., Limited June 25, 2026 Approve Grant of General Mandate to the Board to Determine the Issuance of Debt Financing Instruments Capital Structure Board AGAINST 1
Beijing Jingneng Clean Energy Co., Limited June 25, 2026 Approve Grant of General Mandate to the Board to Issue Shares and Related Matters Capital Structure Board AGAINST 1
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. March 20, 2026 Approve Provision of Guarantee for Credit Lines Application of Subsidiary Capital Structure Board AGAINST 1
Beijing United Information Technology Co., Ltd. March 23, 2026 Approve Credit Line Application and Guarantee Matter Capital Structure Board AGAINST 1
Belden Inc. May 21, 2026 Election of Directors: David J. Aldrich Director Elections Board AGAINST 1
BellRing Brands, Inc. January 28, 2026 To consider and vote, on an advisory basis, for the adoption of a resolution approving the compensation of our named executive officers, as such compensation is described under the Compensation Discussion and Analysis and Executive Compensation sections of this proxy statement. Say-on-Pay Board AGAINST 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Charlotte Guyman Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Kenneth I. Chenault Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Stephen B. Burke Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Susan L. Decker Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Election of Directors: Thomas S. Murphy, Jr. Director Elections Board WITHHOLD 1
Berkshire Hathaway Inc. May 2, 2026 Non-binding resolution to approve the compensation of the Company's Named Executive Officers, as described in the 2026 Proxy Statement. Say-on-Pay Board AGAINST 1
Bestechnic (Shanghai) Co Ltd November 19, 2025 Elect DONG Li Director Elections Board AGAINST 1
Bestechnic (Shanghai) Co., Ltd. September 16, 2025 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 1
Bestechnic (Shanghai) Co., Ltd. September 16, 2025 Approve Draft and Summary of Performance Shares Incentive Plan Compensation Board AGAINST 1
Bestechnic (Shanghai) Co., Ltd. September 16, 2025 Approve Measures for the Administration of the Assessment of Performance Shares Incentive Plans Compensation Board AGAINST 1
Beyond Meat, Inc. November 19, 2025 To approve an amendment and restatement of the Beyond Meat, Inc. 2018 Equity Incentive Plan (the "Restated Plan") to increase the number of shares of Common Stock authorized for issuance thereunder, including for purposes of the issuance of certain awards granted to key employees of the Company out of such increase. Compensation Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Bharatsinh Prabhatsinh Parmar as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Harikumar Raghavan Nair as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Kamesh Kasana as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Meera Mohanty as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Rajnish Sharma as Director Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Elect Vishwambhar Singh Director Elections Board AGAINST 1
Bharat Electronics Limited August 28, 2025 Reelect K V Suresh Kumar as Director Director Elections Board AGAINST 1
Bikaji Foods International Ltd. September 16, 2025 Reelect Sachin Kumar Bhartiya as Director Director Elections Board AGAINST 1
Bilia AB April 29, 2026 Approve Alternative Equity Plan Financing Compensation Board AGAINST 1
Bilia AB April 29, 2026 Approve Equity Plan Financing Compensation Board AGAINST 1
Bilia AB April 29, 2026 Approve Equity Plan Financing Through Transfer of Shares Compensation Board AGAINST 1
Bilia AB April 29, 2026 Approve Performance Share Matching Plan for Key Employees Compensation Board AGAINST 1
Bilia AB April 29, 2026 Reelect Mats Qviberg as Board Chair Director Elections Board AGAINST 1
Bilia AB April 29, 2026 Reelect Mats Qviberg as Director Director Elections Board AGAINST 1
BioArctic AB May 28, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 1
BioArctic AB May 28, 2026 Approve Remuneration Report Compensation Board AGAINST 1
BioArctic AB May 28, 2026 Ratify PricewaterhouseCoopers as Auditor Audit-related Board AGAINST 1
Biwin Storage Technology Co., Ltd. July 28, 2025 Approve Financial Assistance Provision Capital Structure Board AGAINST 1
Biwin Storage Technology Co., Ltd. September 5, 2025 Approve Adjustment of Provision of Financial Assistance Capital Structure Board AGAINST 1
Biwin Storage Technology Co., Ltd. December 24, 2025 Approve Credit Line Application and Guarantee Amount Capital Structure Board AGAINST 1
Biwin Storage Technology Co., Ltd. May 28, 2026 Approve Increase in Provision of Guarantee Capital Structure Board AGAINST 1
Black Hills Corporation April 2, 2026 To vote on a proposal to amend the restated articles of incorporation of Black Hills (the "Black Hills Charter") to increase the authorized shares from 100 million to 300 million (the "Black Hills Share Increase Proposal"); Capital Structure Board AGAINST 1
Black Hills Corporation April 2, 2026 To vote on a proposal to approve the issuance of shares of common stock, par value $1.00 per share, of Black Hills ("Black Hills Common Stock"), pursuant to the terms of the Agreement and Plan of Merger, dated as of August 18, 2025 (the "Merger Agreement"), by and among Black Hills, River Merger Sub Inc. ("Merger Sub"), and NorthWestern Energy Group, Inc. ("NorthWestern") (the "Black Hills Issuance Proposal"); Extraordinary Transactions Board AGAINST 1
Black Hills Corporation April 2, 2026 To vote on an advisory vote on the merger-related compensation arrangements of Black Hills' named executive officers (the "Black Hills Merger-Related Compensation Proposal"); and Say-on-Pay Board AGAINST 1
Black Sesame International Holding Ltd. June 29, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Black Sesame International Holding Ltd. June 29, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Black Sesame International Holding Ltd. June 29, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Block, Inc. June 16, 2026 TO ELECT FOUR CLASS II DIRECTORS TO SERVE UNTIL OUR 2029 ANNUAL MEETING OF STOCKHOLDERS AND UNTIL THEIR SUCCESSORS ARE DULY ELECTED AND QUALIFIED: ROELOF BOTHA Director Elections Board WITHHOLD 1
Bloks Group Ltd. June 9, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Bloks Group Ltd. June 9, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Barbara Burger Director Elections Board WITHHOLD 1
Bloom Energy Corporation May 21, 2026 Election of our four Class II Directors: Eddy Zervigon Director Elections Board WITHHOLD 1
Bluestone Jewellery & Lifestyle Ltd. May 30, 2026 Approve Grant of a One-Time Special Bonus to Gaurav Singh Kushwaha as Managing Director and Chairman Compensation Board AGAINST 1
Borusan Yatirim ve Pazarlama AS April 7, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Bowhead Specialty Holdings Inc. April 30, 2026 Election of Directors: David Holman Director Elections Board WITHHOLD 1
Braze, Inc. June 30, 2026 Advisory vote to approve the compensation of our named executive officers. Say-on-Pay Board AGAINST 1
Brembo NV April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Brembo NV April 29, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Brembo NV April 29, 2026 Reelect Elizabeth Marie Robinson as Non-Executive Director Director Elections Board AGAINST 1
Brembo NV April 29, 2026 Reelect Manuela Soffientini as Non-Executive Director Director Elections Board AGAINST 1
Bright Minds Biosciences Inc. March 31, 2026 Elect Jan Pedersen Director Elections Board WITHHOLD 1
Bright Minds Biosciences Inc. March 31, 2026 Elect Nils Bottler Director Elections Board WITHHOLD 1
BrightSpring Health Services, Inc. May 21, 2026 Election of Class II directors: Olivia Kirtley Director Elections Board WITHHOLD 1
BrightSpring Health Services, Inc. May 21, 2026 Election of Class II directors: Steve Miller Director Elections Board WITHHOLD 1
Brilliance China Automotive Holdings Limited June 18, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1

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