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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
PT Merdeka Battery Materials Tbk June 23, 2026 Approve Auditors Audit-related Board AGAINST 1
PT Pertamina Geothermal Energy Tbk April 21, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 1
PT Pertamina Geothermal Energy Tbk April 21, 2026 Approve Changes in the Use of Proceeds from the Public Offering Capital Structure Board AGAINST 1
PT Pertamina Geothermal Energy Tbk April 21, 2026 Approve Implementation of MESOP Program and Approval of the Granting of Power to the Board of Commissioners to Increase Fully Paid-Up and Placed Capital in the Context of Implementation of the MESOP Program Compensation Board AGAINST 1
PT Perusahaan Gas Negara (Persero) Tbk May 22, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 1
PT Petrosea Tbk April 9, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 1
PT Trimegah Bangun Persada Tbk June 30, 2026 Approve Share Repurchase Program Capital Structure Board AGAINST 1
PUMA SE May 19, 2026 Approve Remuneration Report Compensation Board AGAINST 1
PVR INOX Limited September 8, 2025 Reelect Pavan Kumar Jain as Director Director Elections Board AGAINST 1
Pacific Basin Shipping Limited April 22, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Pacific Premier Bancorp, Inc. July 21, 2025 Approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to the named executive officers of Pacific Premier in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board AGAINST 1
Palfinger AG April 8, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Palfinger AG April 8, 2026 Elect Gerhard Rauch as Supervisory Board Member Director Elections Board AGAINST 1
Palfinger AG April 8, 2026 Elect Hannes Palfinger as Supervisory Board Member Director Elections Board AGAINST 1
Palfinger AG April 8, 2026 Elect Sita Monica Mazumder as Supervisory Board Member Director Elections Board AGAINST 1
Palisade Bio, Inc. June 10, 2026 To approve equity award grants to our non-employee directors. Compensation Board AGAINST 1
Palisade Bio, Inc. June 10, 2026 To approve, on a non-binding advisory basis, the compensation of our named executive officers, as disclosed in this proxy statement. Say-on-Pay Board AGAINST 1
Palladyne AI Corp. June 8, 2026 To approve restricted stock unit awards to our senior executives. Compensation Board AGAINST 1
Palladyne AI Corp. June 8, 2026 To approve the Palladyne AI Corp. 2021 Equity Incentive Plan, as amended and restated, to increase the number of shares authorized for issuance thereunder. Compensation Board AGAINST 1
Pan African Resources Plc November 20, 2025 Approve Remuneration Implementation Report Compensation Board AGAINST 1
Pan Jit International, Inc. June 18, 2026 Approve Issuance of Shares via a Private Placement Capital Structure Board AGAINST 1
Paradeep Phosphates Limited September 12, 2025 Elect Karim Lotfi Senhadji Director Elections Board AGAINST 1
Paramount Global July 2, 2025 The election of seven elections: Barbara M. Byrne Director Elections Board AGAINST 1
Paramount Global July 2, 2025 The election of seven elections: Linda M. Griego Director Elections Board AGAINST 1
Paramount Global July 2, 2025 The election of seven elections: Susan Schuman Director Elections Board AGAINST 1
Parsons Corporation April 14, 2026 Election of Directors: Letitia A. Long Director Elections Board WITHHOLD 1
Partner Communications Co. Ltd. June 18, 2026 Reappoint Kost, Forer, Gabbay & Kasierer (EY) as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Pasifik Eurasia Lojistik dis Ticaret AS July 2, 2025 Approve Director Remuneration Compensation Board AGAINST 1
Pasifik Eurasia Lojistik dis Ticaret AS July 2, 2025 Approve Share Capital Increase without Preemptive Rights Capital Structure Board AGAINST 1
Pasifik Eurasia Lojistik dis Ticaret AS July 2, 2025 Elect Director Director Elections Board AGAINST 1
Peab AB April 29, 2026 Reelect Anders Runevad as Board Chair Director Elections Board AGAINST 1
Peab AB April 29, 2026 Reelect Anders Runevad as Director Director Elections Board AGAINST 1
Pearl Global Industries Ltd. July 24, 2025 Reelect Shifalli Seth as Director Director Elections Board AGAINST 1
Pegasus Hava Tasimaciligi AS March 31, 2026 Elect Directors Director Elections Board AGAINST 1
Permian Resources Corporation May 19, 2026 To approve the First Amendment to the Permian Resources Corporation 2023 Long Term Incentive Plan. Compensation Board AGAINST 1
PetMed Express, Inc. January 21, 2026 To elect the five nominees listed below to the Board of Directors: Justin Mennen Director Elections Board AGAINST 1
PetMed Express, Inc. January 21, 2026 To elect the five nominees listed below to the Board of Directors: Leah A. Solivan Director Elections Board AGAINST 1
Petkim Petrokimya Holding AS May 15, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Petroleo Brasileiro S.A. - Petrobras April 16, 2026 Elect Domenica Eisenstein Noronha to the Supervisory Council Presented by Preferred Shareholders Director Elections Board ABSTAIN 1
Petroleo Brasileiro S.A. - Petrobras April 16, 2026 Elect Rachel de Oliveira Maia as Board Member Presented by Preferred Shareholders Director Elections Board ABSTAIN 1
Phancy Group Co., Ltd. June 16, 2026 Approve Grant of General Mandate to Issue Shares and Sell and/or Transfer Treasury Shares Capital Structure Board AGAINST 1
Phancy Group Co., Ltd. June 16, 2026 Approve Rongcheng (Hong Kong) CPA Limited as Auditor and Authorize Audit Committee to Fix Their Remuneration Audit-related Board AGAINST 1
Pioneer Bancorp, Inc. May 19, 2026 Election of Directors: Dr. James K. Reed Director Elections Board WITHHOLD 1
Pioneer Bancorp, Inc. May 19, 2026 Election of Directors: Edward Reinfurt Director Elections Board WITHHOLD 1
Planisware SA June 17, 2026 Approve Remuneration Policy of CEO Compensation Board AGAINST 1
Plejd AB April 23, 2026 Approve Remuneration Policy And Other Terms of Employment For Executive Management Compensation Board AGAINST 1
Pliant Therapeutics, Inc. June 11, 2026 To approve, by non-binding advisory vote, the resolution approving Named Executive Officer compensation. Say-on-Pay Board AGAINST 1
Plymouth Industrial REIT, Inc. January 22, 2026 To approve, by a non-binding, advisory vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the transactions contemplated by the Merger Agreement; and Say-on-Pay Board (inferred) AGAINST 1
Polestar Automotive Holding UK PLC June 26, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Polestar Automotive Holding UK PLC June 26, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Poly Developments & Holdings Group Co., Ltd. May 12, 2026 Approve External Guarantee Capital Structure Board AGAINST 1
Porto Seguro SA March 31, 2026 Approve Remuneration of Company's Management, Advisory Committees' Members, and Fiscal Council Compensation Board AGAINST 1
Porto Seguro SA March 31, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Andre Luis Rodrigues Teixeira as Board Vice-Chair Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Bruno Campos Garfinkel as Board Chair Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Celia Kochen Parnes as Independent Director Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Lie Uema do Carmo as Independent Director Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Patricia M. Muratori Calfat as Independent Director Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Paula Magalhaes Cardoso Neves as Director Director Elections Board ABSTAIN 1
Porto Seguro SA March 31, 2026 Percentage of Votes to Be Assigned - Elect Roberto de Souza Santos as Director Director Elections Board ABSTAIN 1
Powertech Technology Inc. May 27, 2026 Elect Boris HSIEH Director Elections Board ABSTAIN 1
Powertech Technology Inc. May 27, 2026 Elect Ray CHEN Director Elections Board ABSTAIN 1
Powertech Technology Inc. May 27, 2026 Elect TSAI D.K. Director Elections Board ABSTAIN 1
Premier Energies Ltd. September 12, 2025 Reelect Chiranjeev Singh Saluja as Director Director Elections Board AGAINST 1
Premier Investments Limited December 5, 2025 Elect Terrence McCartney as Director Director Elections Board AGAINST 1
Premier Investments Limited December 5, 2025 Elect Timothy Antonie as Director Director Elections Board AGAINST 1
Press Kogyo Co., Ltd. June 25, 2026 Elect Director Shimizu, Yuki Director Elections Board AGAINST 1
Prime Medicine, Inc. August 1, 2025 To approve the repricing of certain outstanding stock options that have been granted under the Company's 2019 Stock Option and Grant Plan and/or the 2022 Stock Option and Incentive Plan (the "Option Repricing Proposal"). Compensation Board AGAINST 1
PrimeEnergy Resources Corporation June 10, 2026 Election of Directors: Clint Hurt Director Elections Board WITHHOLD 1
PrimeEnergy Resources Corporation June 10, 2026 Election of Directors: H. Gifford Fong Director Elections Board WITHHOLD 1
PrimeEnergy Resources Corporation June 10, 2026 Election of Directors: Thomas S. T. Gimbel Director Elections Board WITHHOLD 1
ProKidney Corp. May 28, 2026 Election of Directors: Alan M. Lotvin, M.D. Director Elections Board WITHHOLD 1
Procore Technologies, Inc. June 4, 2026 To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers Say-on-Pay Board AGAINST 1
Procrea Holdings, Inc. June 25, 2026 Elect Director Ishikawa, Keitaro Director Elections Board AGAINST 1
Procrea Holdings, Inc. June 25, 2026 Elect Director Narita, Susumu Director Elections Board AGAINST 1
Prologis Property Mexico SA de CV October 13, 2025 Ratify and Extend Resolutions Approved by Annual Ordinary Meeting of Holders Held on April 9, 2024 Re: Acquisition of up to 100 Percent of Real Estate Trust Certificates (CBFIs) of Terrafina Extraordinary Transactions Board AGAINST 1
Proximus SA April 15, 2026 Approve Remuneration Policy Compensation Board AGAINST 1
Proximus SA April 15, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Proximus SA April 15, 2026 Renew Authorization to Increase Share Capital within the Framework of Authorized Capital Capital Structure Board AGAINST 1
Pulmonx Corporation June 4, 2026 Election of Directors: Georgia Garinois-Melenikiotou Director Elections Board WITHHOLD 1
Pulse Biosciences, Inc. September 30, 2025 Subject to approval of Proposal 1, to ratify the grant under the Plan of (i) options to acquire up to 500,000 shares of Common Stock granted to certain Company consultants, and (ii) options to acquire up to 600,000 shares of Common Stock granted to certain Company directors. Compensation Board AGAINST 1
Pulse Biosciences, Inc. September 30, 2025 To approve an amendment to the Pulse Biosciences, Inc. 2017 Equity Incentive Plan (the "Plan"), to increase the number of shares of the Company's common stock issuable under the Plan by 2,000,000 shares and to change the Plan's definition of "Consultant." Compensation Board AGAINST 1
Q Technology (Group) Company Limited May 22, 2026 Approve Deloitte Touche Tohmatsu as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Q Technology (Group) Company Limited May 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Q Technology (Group) Company Limited May 22, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Qingdao Huicheng Environmental Technology Group Co., Ltd. May 19, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Qingdao Sentury Tire Co., Ltd. June 15, 2026 Approve Downward Adjustment of Conversion Price Capital Structure Board AGAINST 1
Qingdao TGOOD Electric Co., Ltd. February 9, 2026 Approve Application of Credit Lines and Provision of Guarantee Capital Structure Board AGAINST 1
Quanterix Corporation June 9, 2026 To approve the amendment and restatement of the Company's 2017 Employee, Director and Consultant Equity Incentive Plan Compensation Board AGAINST 1
Quantum eMotion Corp. June 18, 2026 Elect Director John Young Director Elections Board AGAINST 1
Quantum eMotion Corp. June 18, 2026 Elect Director Tullio Panarello Director Elections Board AGAINST 1
QuantumCTek Co., Ltd. December 12, 2025 Elect Chen Xianfeng as Independent Director Director Elections Board AGAINST 1
Qube Holdings Limited November 20, 2025 Approve Award of Rights to Paul Digney under LTI Plan and SIP Compensation Board AGAINST 1
Qube Holdings Limited November 20, 2025 Approve Remuneration Report Compensation Board AGAINST 1
R&S Group Holding AG May 7, 2026 Appoint Monika Kruesi as Member of the Compensation Committee Director Elections Board AGAINST 1
R&S Group Holding AG May 7, 2026 Reappoint Deborah Carlson-Burkart as Member of the Compensation Committee Director Elections Board AGAINST 1
R&S Group Holding AG May 7, 2026 Reelect Deborah Carlson-Burkart as Director Director Elections Board AGAINST 1
R&S Group Holding AG May 7, 2026 Reelect Monika Kruesi as Director Director Elections Board AGAINST 1
RBC Bearings Incorporated September 4, 2025 To consider a resolution regarding the stockholder advisory vote on named executive officer compensation. Say-on-Pay Board AGAINST 1
ROCKWOOL A/S April 15, 2026 Approve Remuneration Report (Advisory Vote) Compensation Board AGAINST 1

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