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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
Iflytek Co., Ltd. May 20, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Ikena Oncology, Inc. July 15, 2025 To approve the 2025 Equity Incentive Plan, which will become effective on the date immediately following the consummation of the merger and is contingent on the completion of the merger Compensation Board AGAINST 1
Imerys SA May 12, 2026 Approve Remuneration Policy of CEO Compensation Board AGAINST 1
Imerys SA May 12, 2026 Reelect Stephanie Besnier as Director Director Elections Board AGAINST 1
Immatics N.V. June 18, 2026 Approve 2026 Stock Option and Incentive Plan Compensation Board AGAINST 1
Impinj, Inc. May 28, 2026 Election of Directors. Steve Sanghi Director Elections Board AGAINST 1
India Shelter Finance Corp. Ltd. July 28, 2025 Approve Employee Stock Option Plan 2025 Compensation Board AGAINST 1
India Shelter Finance Corp. Ltd. July 28, 2025 Approve Reappointment and Remuneration of Rupinder Singh as Managing Director and Chief Executive Officer Compensation Board AGAINST 1
Indian Oil Corporation Limited August 30, 2025 Elect Arvinder Singh Sahney Director Elections Board AGAINST 1
Indian Oil Corporation Limited August 30, 2025 Elect Dattatreya Rao Sirpurker Director Elections Board AGAINST 1
Indian Oil Corporation Limited August 30, 2025 Elect Prasenjit Biswas Director Elections Board AGAINST 1
Indofood Sukses Makmur Tbk PT June 26, 2026 Appointment of Auditor and Authority to Set Fees Audit-related Board AGAINST 1
Indofood Sukses Makmur Tbk PT June 26, 2026 Directors' and Commissioners' Fees Compensation Board AGAINST 1
Industrias Penoles S.A. April 27, 2026 APPOINTMENT OR, WHERE APPLICABLE, RATIFICATION OF THE MEMBERS OF THE BOARD OF DIRECTORS, ASSESSMENT OF THEIR INDEPENDENCE IN ACCORDANCE WITH THE SECURITIES MARKET LAW, AND DETERMINATION OF THEIR COMPENSATION. Director Elections Board AGAINST 1
Industrias Penoles S.A. April 27, 2026 RESOLUTIONS REGARDING THE ALLOCATION OF PROFITS. Capital Structure Board ABSTAIN 1
Industrie De Nora SpA April 29, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Industrie De Nora SpA April 29, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
InfuSystem Holdings, Inc. May 11, 2026 Approval of an amendment increasing the number of shares reserved under the InfuSystem Holdings, Inc. 2021 Equity Incentive Plan. Compensation Board AGAINST 1
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Bryan Kelln Director Elections Board WITHHOLD 1
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Eric Worley Director Elections Board WITHHOLD 1
Ingram Micro Holding Corporation May 13, 2026 Election of Directors: Mary Ann Sigler Director Elections Board WITHHOLD 1
Inhibikase Therapeutics, Inc. June 26, 2026 to approve an amendment to the Company's 2020 Equity Incentive Plan to increase the authorized number of shares of common stock reserved for issuance by 3,000,000 shares. Compensation Board AGAINST 1
Innate Pharma SA May 21, 2026 Approve Compensation of Irina Staatz-Granzer, Chairwoman of the Board from May 22, 2025 Say-on-Pay Board (inferred) AGAINST 1
Innate Pharma SA May 21, 2026 Approve Compensation of Yannis Morel, Management Board Member until May 22, 2025 Say-on-Pay Board (inferred) AGAINST 1
InnoScience (Suzhou) Technology Holding Co., Ltd. July 9, 2025 Adopt 2025 Share Award Plan Compensation Board AGAINST 1
InnovAge Holding Corp. December 4, 2025 Election of Class II Directors: James G. Carlson Director Elections Board WITHHOLD 1
Innovation New Material Technology Co., Ltd. December 17, 2025 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 1
Innovex International, Inc. May 7, 2026 Election of Director to serve for a three-year term: John Lovoi Director Elections Board AGAINST 1
Instalco AB May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Instalco AB May 5, 2026 Elect Johnny Alvarsson as Board Chair Director Elections Board AGAINST 1
Instalco AB May 5, 2026 Reelect Johnny Alvarsson as Director Director Elections Board AGAINST 1
Intact Financial Corporation May 6, 2026 Advisory Vote on Executive Compensation Approach Compensation Board AGAINST 1
Integral Corp. March 24, 2026 Elect Director and Audit Committee Member Kushida, Masaaki Director Elections Board AGAINST 1
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 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
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 15, 2026 Percentage of Votes to Be Assigned - Elect Altair Angelo Silvestri as Board Vice-Chair Director Elections Board ABSTAIN 1
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 15, 2026 Percentage of Votes to Be Assigned - Elect Lin Xiong as Director Director Elections Board ABSTAIN 1
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 15, 2026 Percentage of Votes to Be Assigned - Elect Mateus Affonso Bandeira as Independent Director Director Elections Board ABSTAIN 1
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 15, 2026 Percentage of Votes to Be Assigned - Elect Pedro Horn de Freitas as Board Chair Director Elections Board ABSTAIN 1
Intelbras SA Industria de Telecomunicacao Eletronica Brasileir April 15, 2026 Percentage of Votes to Be Assigned - Elect Rogerio Sekeff Zampronha as Independent Director Director Elections Board ABSTAIN 1
International Container Terminal Services, Inc. April 16, 2026 Approve Allocation of Preferred C Shares under the Chief Executive Officer Stock Option Plan (CSOP) Compensation Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Approve to Decrease Authorized Capital Stock Capital Structure Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Authority to Issue Preferred C Shares and Conversion of Unissued Preferred A Shares to Preferred C Shares Capital Structure Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Cancellation of Remaining Unissued Preferred A Shares Capital Structure Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Elect Andres Soriano III Director Elections Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Elect Diosdado M. Peralta Director Elections Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Elect Enrique K. Razon Jr. Director Elections Board AGAINST 1
International Container Terminal Services, Inc. April 16, 2026 Elect Enrique K. Razon Jr. as Director Director Elections Board ABSTAIN 1
International Container Terminal Services, Inc. April 16, 2026 Elect Stephen George A. Paradies Director Elections Board ABSTAIN 1
Interpump Group SpA April 30, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Intsig Information Co., Ltd. April 10, 2026 Approve Remuneration of Directors and Senior Management Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Compensation of Andrew Obenshain, CEO from October 1, 2025 Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Compensation of Frederic Cren, CEO until September 30, 2025 Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Compensation of Mark Pruzanski, Chairman of the Board Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Compensation of Pierre Broqua, Vice-CEO until June 30, 2025 Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for One or More Specifically Designated Persons up to Aggregate Nominal Amount of EUR 1 Million Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities Reserved for Specific Beneficiaries up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 1 Million Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Approve Issuance of Warrants (BSA 2026) without Preemptive Rights Reserved for Specific Beneficiaries, up to 8.1 Percent of Issued Capital Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Remuneration Policy of Andrew Obenshain, CEO Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Remuneration Policy of Mark Pruzanski, Chairman of the Board Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Approve Remuneration of Directors in the Aggregate Amount of EUR 1.5 Million Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 22-27 Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Capital Increase of Up to EUR 1 Million for Future Exchange Offers Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Capital Increase of up to 20 Percent of Issued Capital for Contributions in Kind Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Issuance of Equity or Equity-Linked Securities without Preemptive Rights up to Aggregate Nominal Amount of EUR 2 Million Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize Issuance of Warrants without Preemptive Rights Reserved for the European Investment Bank, up to Aggregate Nominal Amount of EUR 156,775.73 Capital Structure Board AGAINST 1
Inventiva SA June 30, 2026 Authorize up to 8.1 Percent of Issued Capital for Use in Restricted Stock Plans Compensation Board AGAINST 1
Inventiva SA June 30, 2026 Authorize up to 8.1 Percent of Issued Capital for Use in Stock Option Plans Compensation Board AGAINST 1
Investec plc August 7, 2025 Authority to Issue Convertible Preference Shares (Investec Limited) Capital Structure Board AGAINST 1
Investec plc August 7, 2025 Authority to Issue Preference Shares (Investec Limited) Capital Structure Board AGAINST 1
Investec plc August 7, 2025 Elect Philip A. Hourquebie Director Elections Board AGAINST 1
Investment AB Latour May 11, 2026 Reelect Helene Barnekow, Mariana Burenstam Linder, Anders Boos, Carl Douglas, Eric Douglas, Johan Hjertonsson, Johan Nordstrom (Chair) and Lena Olving as Directors Director Elections Board AGAINST 1
Ipsen SA May 13, 2026 Approve Remuneration Policy of CEO and Executive Corporate Officers Compensation Board AGAINST 1
Ipsen SA May 13, 2026 Authorize up to 3 Percent of Issued Capital for Use in Restricted Stock Plans Compensation Board AGAINST 1
Ipsen SA May 13, 2026 Reelect Pascal Touchon as Director Director Elections Board AGAINST 1
Ipsos SA May 20, 2026 Approve Compensation Report of Corporate Officers Compensation Board AGAINST 1
Ipsos SA May 20, 2026 Approve Compensation of Ben Page, CEO from January 1, 2025 to September 15, 2025 Compensation Board AGAINST 1
Iskenderun Demir ve Celik AS March 26, 2026 Appoint Auditor for Sustainability Reporting 2026 Audit-related Board AGAINST 1
Iskenderun Demir ve Celik AS March 26, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Iskenderun Demir ve Celik AS March 26, 2026 Ratify External Auditors Audit-related Board AGAINST 1
Isracard Ltd. November 10, 2025 Approve Current and Future Directors', Who Are Controlling Shareholders, Or Their Relatives, Stock Option Plan Compensation Board AGAINST 1
Itau Unibanco Holding SA April 28, 2026 Elect Alfredo Egydio Setubal as Director Director Elections Board AGAINST 1
Itau Unibanco Holding SA April 28, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Alfredo Egydio Setubal as Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Ana Lucia de Mattos Barretto Villela as Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Candido Botelho Bracher as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Cesar Nivaldo Gon as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Fabricio Bloisi Rocha as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Joao Moreira Salles as Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Marcos Marinho Lutz as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Maria Helena dos Santos Fernandes de Santana as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Paulo Antunes Veras as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Percentage of Votes to Be Assigned - Elect Pedro Luiz Bodin de Moraes as Independent Director Director Elections Board ABSTAIN 1
Itau Unibanco Holding SA April 28, 2026 Request Separate Election for Board Member (Preferred) Director Elections Board ABSTAIN 1
Itausa S.A. April 30, 2026 Request Separate Election for Board Member (Preferred) Director Elections Board ABSTAIN 1
Ivanhoe Mines Ltd. June 18, 2026 Amend Equity Incentive Plan Compensation Board AGAINST 1
Iveco Group NV June 17, 2026 Grant Board Authority to Issue Special Voting Shares Capital Structure Board AGAINST 1
Iveco Group NV June 17, 2026 Reelect Alessandro Nasi as Non-Executive Director Director Elections Board AGAINST 1
Iveco Group NV June 17, 2026 Reelect Judy Curran as Non-Executive Director Director Elections Board AGAINST 1

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