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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
ENGIE Brasil Energia SA December 19, 2025 Amend Articles 5 and 8 to Reflect Changes in Capital and Authorized Capital Respectively Capital Structure Board AGAINST 1
ENGIE Brasil Energia SA December 19, 2025 Approve Increase in Authorized Capital Capital Structure Board AGAINST 1
EQT AB May 12, 2026 Approve Remuneration of Directors in the Amount of EUR 361,000 for Chair and EUR 164,000 for Other Directors; Approve Remuneration for Committee Work Compensation Board AGAINST 1
EQT AB May 12, 2026 Reelect Gordon Orr as Director Director Elections Board AGAINST 1
EXTRA SPACE STORAGE INC. May 14, 2026 Advisory vote on the compensation of the Company's named executive officers. Say-on-Pay Board ABSTAIN 1
EZconn Corp. May 26, 2026 Approve Cash Capital Increase through the Issuance of New Ordinary Shares in the Form of Global Depositary Receipts Capital Structure Board AGAINST 1
EZconn Corp. May 26, 2026 Approve Private Placement of Ordinary Shares, Preferred Shares, or Convertible Corporate Bonds (Including Secured or Unsecured Convertible Corporate Bonds) Capital Structure Board AGAINST 1
Eagers Automotive Limited May 27, 2026 Elect Tim Crommelin as Director Director Elections Board AGAINST 1
East Buy Holding Ltd. November 3, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
East Buy Holding Ltd. November 3, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Eckert & Ziegler SE June 24, 2026 Approve Management Board Remuneration Policy Compensation Board AGAINST 1
Edenred SA May 7, 2026 Approve Compensation of Bertrand Dumazy, Chairman and CEO Compensation Board AGAINST 1
Efor Yatirim Sanayi Ticaret AS February 25, 2026 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 1
Ege Gubre Sanayii AS April 22, 2026 Approve Director Remuneration Compensation Board AGAINST 1
El Al Israel Airlines Ltd. December 31, 2025 Approve Updated Employment Terms of Amikam Ben Zvi, Chairman Compensation Board AGAINST 1
El Al Israel Airlines Ltd. February 26, 2026 Approve Employment Terms of Levy Halevy, Incoming CEO, Including Grant of Equity Compensation Board AGAINST 1
El.En. SpA April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
El.En. SpA April 29, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Elco Ltd. January 6, 2026 Reappoint Ernst & Young - Kost Forer Gabbay & Kasierer as Auditors Audit-related Board AGAINST 1
Elecnor SA May 26, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 1
Elecnor SA May 26, 2026 Reelect Irene Hernandez Alvarez as Director Director Elections Board AGAINST 1
Elecnor SA May 26, 2026 Reelect Miguel Maria Cervera Earle as Director Director Elections Board AGAINST 1
Electrolux AB March 25, 2026 Approve Alternative Equity Plan Financing Compensation Board AGAINST 1
Electrolux AB March 25, 2026 Approve Equity Plan Financing Compensation Board AGAINST 1
Electrolux AB March 25, 2026 Approve Performance Share Plan for Key Employees Compensation Board AGAINST 1
Elia Group SA/NV May 19, 2026 Acknowledge End of Mandate of Intercommunal Association Interfin, Permanently Represented by Thibaud Wyngaard, as Director and Elect Nadege Lacroix as Director Director Elections Board AGAINST 1
Elia Group SA/NV May 19, 2026 Acknowledge Passing of Geert Versnick as Chairman and Director and Approve Co-optation of Christophe Peeters as Director Director Elections Board AGAINST 1
Elia Group SA/NV May 19, 2026 Acknowledge Resignation of Frank Donck as Independent Director and Approve Co-optation of Ed Merc BV, Permanently Represented by Pieter De Crem, as Director Director Elections Board AGAINST 1
Elia Group SA/NV May 19, 2026 Acknowledge Resignation of Pieter De Crem as Director and Approve Co-optation of Joachim Coens as Director Director Elections Board AGAINST 1
Elia Group SA/NV May 19, 2026 In the Event that the Article Amendment Proposed under Item 5 of the EGM is Approved: Elect Pascal De Buck as Director Director Elections Board AGAINST 1
Elior Group SA February 4, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 505,000 Capital Structure Board AGAINST 1
Elixirr International Plc June 30, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Elixirr International Plc June 30, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Issuance of Securities under Equity Incentive Plan Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Issuance of Unlisted Options to Ami Shafran Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Issuance of Unlisted Options to David Furstenberg Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Issuance of Unlisted Options to Howard Digby Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Issuance of Unlisted Options to Jim Landau Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve New Equity Incentive Plan Compensation Board AGAINST 1
Elsight Limited May 29, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Emaar Development PJSC March 26, 2026 Election of Directors Director Elections Board AGAINST 1
Emaar Properties PJSC March 25, 2026 Ratify the Appointment of Matar Al Humeeri as Director Director Elections Board AGAINST 1
Emami Limited August 29, 2025 Reelect R. S. Agarwal as Director Director Elections Board AGAINST 1
Embracer Group AB September 18, 2025 Approve Remuneration of Directors in the Amount of SEK 2.5 Million for Chair and SEK 800,000 for Other Directors Compensation Board AGAINST 1
Embracer Group AB September 18, 2025 Reelect Bernt Ingman as Director Director Elections Board AGAINST 1
Embracer Group AB September 18, 2025 Reelect Kicki Wallje-Lund as Director Director Elections Board AGAINST 1
Emirates Central Cooling Systems Corp. October 9, 2025 Elect Seven Members of the Board for the Next Three-Year Term 2025 to 2028 Director Elections Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Appointment of Auditor and Authority to Set Fees Audit-related Board ABSTAIN 1
Emirates NBD PJSC February 17, 2026 Authority to Issue Debt Instruments Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Authority to Issue Non-Convertible Instruments (All Programmes) Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Authority to Issue Non-Convertible Instruments (Euro Medium Term Note Programme; AUD Programme and Existing Programmes) Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Authority to Issue Non-Convertible Instruments (New Programmes and Existing Programmes) Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Establish Special Purpose Vehicles as Acting Issuers Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Prepare and Enter into Finance Agreements Capital Structure Board AGAINST 1
Emirates NBD PJSC February 17, 2026 Undertake any Liability Management Exercise Capital Structure Board AGAINST 1
Emmi AG April 9, 2026 Approve Variable Remuneration of Executive Committee in the Amount of CHF 1.3 Million Compensation Board AGAINST 1
Emmi AG April 9, 2026 Ratify KPMG AG as Auditors Audit-related Board AGAINST 1
Emmi AG April 9, 2026 Reappoint Dominik Buergy as Member of the Personnel and Compensation Committee Director Elections Board AGAINST 1
Emmi AG April 9, 2026 Reappoint Thomas Grueter as Member of the Personnel and Compensation Committee Director Elections Board AGAINST 1
Emmi AG April 9, 2026 Reappoint Urs Riedener as Member of the Personnel and Compensation Committee Director Elections Board AGAINST 1
Emmi AG April 9, 2026 Reelect Dominik Buergy as Director Director Elections Board AGAINST 1
Emmi AG April 9, 2026 Reelect Thomas Grueter as Director Director Elections Board AGAINST 1
Emmi AG April 9, 2026 Reelect Urs Riedener as Director and Board Chair Director Elections Board AGAINST 1
Empire State Realty Trust, Inc. May 14, 2026 To approve the Empire State Realty Trust, Inc. Empire State Realty OP, L.P. 2026 Equity Incentive Plan. Compensation Board AGAINST 1
Energisa SA April 29, 2026 Amend Long-Term Incentive Plan Approved at the April 25, 2018, EGM Compensation Board AGAINST 1
Energisa SA April 29, 2026 Approve Remuneration of Company's Management Compensation Board AGAINST 1
Energisa SA April 29, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Jose Antonio de Almeida Filippo as Independent Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Luciana de Oliveira Cezar Coelho as Independent Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Luiz Eduardo Froes do Amaral Osorio as Independent Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Miguel Nuno Simoes Nunes Ferreira Setas as Independent Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Omar Carneiro da Cunha Sobrinho as Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Ricardo Perez Botelho as Director Director Elections Board ABSTAIN 1
Energisa SA April 29, 2026 Percentage of Votes to Be Assigned - Elect Rogerio Sekeff Zampronha as Independent Director Director Elections Board ABSTAIN 1
Energy Vault Holdings, Inc. May 29, 2026 Election of Class II members of the Board of Directors: Theresa Fariello Director Elections Board WITHHOLD 1
Eneva SA February 5, 2026 Approve Long-Term Incentive Plan Compensation Board AGAINST 1
Enka Insaat ve Sanayi AS March 27, 2026 Amend Article 6 Re: Capital Related Capital Structure Board AGAINST 1
Enka Insaat ve Sanayi AS March 27, 2026 Elect Directors Director Elections Board AGAINST 1
Enphase Energy, Inc. May 13, 2026 Elect Benjamin Kortlang Director Elections Board WITHHOLD 1
Equatorial SA April 30, 2026 Approve Remuneration of Company's Management and Fiscal Council Compensation Board AGAINST 1
Ermenegildo Zegna N.V. June 26, 2026 Approve Amended Remuneration Policy Compensation Board AGAINST 1
Ermenegildo Zegna N.V. June 26, 2026 Elect Michele Norsa as Non-Executive Director Director Elections Board AGAINST 1
Ermenegildo Zegna N.V. June 26, 2026 Reelect Angelica Cheung as Non-Executive Director Director Elections Board AGAINST 1
Ermenegildo Zegna N.V. June 26, 2026 Reelect Ronald B. Johnson as Non-Executive Director Director Elections Board AGAINST 1
Espressif Systems (Shanghai) Co., Ltd. April 10, 2026 Approve Remuneration of Directors and Senior Management Members Compensation Board AGAINST 1
Essent Group Ltd. May 6, 2026 Elect William L. Spiegel Director Elections Board WITHHOLD 1
Essex Property Trust, Inc. May 12, 2026 Election of Directors: Keith R. Guericke Director Elections Board AGAINST 1
Essity AB March 26, 2026 Reelect Jan Gurander as Board Chair Director Elections Board AGAINST 1
Essity AB March 26, 2026 Reelect Jan Gurander as Director Director Elections Board AGAINST 1
Exosens SA May 22, 2026 Approve Issuance of Warrants (BSA) for Specific Beneficiaries up to Aggregate Nominal Amount of EUR 25,000 Compensation Board AGAINST 1
Exxon Mobil Corporation May 27, 2026 Texas Redomiciliation Extraordinary Transactions Board AGAINST 1
FB Bancorp, Inc. December 9, 2025 To elect the following nominees as directors: Stephen W. Hales Director Elections Board WITHHOLD 1
FB Financial Corporation May 21, 2026 Approval of the FB Financial Corporation 2026 Incentive Plan Compensation Board AGAINST 1
FEDEX CORPORATION September 29, 2025 Advisory vote to approve named executive officer compensation. Say-on-Pay Board AGAINST 1
FFRI Security, Inc. June 26, 2026 Approve Allocation of Income, with a Final Dividend of JPY 18 Capital Structure Board AGAINST 1
FFRI Security, Inc. June 26, 2026 Elect Director Ukai, Yuji Director Elections Board AGAINST 1
FS.COM Ltd. (China) May 28, 2026 Approve Deloitte Touche Tohmatsu as Auditor and Authorize Board or a Person Authorized by the Board to Determine Their Remuneration Audit-related Board AGAINST 1
FS.COM Ltd. (China) May 28, 2026 Approve Grant of General Mandate to Issue H Shares Capital Structure Board AGAINST 1
Falabella S.A March 17, 2026 Directors' Committee Fees Compensation Board AGAINST 1
Falabella S.A March 17, 2026 Directors' Fees Compensation Board AGAINST 1

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