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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
Sakai Chemical Industry Co., Ltd. June 25, 2026 Elect Director Yagura, Toshiyuki Director Elections Board AGAINST 1
Samsung Electronics Co., Ltd. March 18, 2026 Elect Heo Eun-nyeong as Outside Director to Serve as an Audit Committee Member Director Elections Board AGAINST 1
San ju San Financial Group, Inc. June 25, 2026 Elect Director Michihiro, Gotaro Director Elections Board AGAINST 1
San ju San Financial Group, Inc. June 25, 2026 Elect Director Watanabe, Mitsunori Director Elections Board AGAINST 1
Sankyu, Inc. June 25, 2026 Appoint Statutory Auditor Shigeta, Kazuhiro Compensation Board AGAINST 1
Sansan, Inc. August 26, 2025 Elect Director Terada, Chikahiro Director Elections Board AGAINST 1
Sany Heavy Equipment International Holdings Co Ltd May 28, 2026 Authority to Issue Repurchased Shares Capital Structure Board AGAINST 1
Sany Heavy Equipment International Holdings Co Ltd May 28, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
Sany Heavy Industry Co December 30, 2025 2026 ESTIMATED EXTERNAL GUARANTEE QUOTA OF A WHOLLY-OWNED SUBSIDIARY Capital Structure Board AGAINST 1
Sany Heavy Industry Co December 30, 2025 ESTIMATED GUARANTEE QUOTA FOR CONTROLLED SUBSIDIARIES Capital Structure Board AGAINST 1
Sasa Polyester Sanayi AS May 5, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Scandic Hotels Group AB May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Scandic Hotels Group AB May 5, 2026 Reelect Per G. Braathen as Board Chair Director Elections Board AGAINST 1
Scandic Hotels Group AB May 5, 2026 Reelect Per G. Braathen as Director Director Elections Board AGAINST 1
Schaeffler AG April 23, 2026 Approve Remuneration Report Compensation Board AGAINST 1
Schouw & Co A/S April 16, 2026 Approve Guidelines for Incentive-Based Compensation for Executive Management and Board Compensation Board AGAINST 1
Schouw & Co A/S April 16, 2026 Reelect Jorgen Dencker Wisborg as Director Director Elections Board ABSTAIN 1
Schouw & Co A/S April 16, 2026 Reelect Kenneth Skov Eskildsen as Director Director Elections Board ABSTAIN 1
SeeWay.ai Co., Ltd. May 21, 2026 Approve Extension of Financial Assistance Provision Capital Structure Board AGAINST 1
Seer, Inc. July 7, 2025 Election of Directors: Dipchand (Deep) Nishar Director Elections Board WITHHOLD 1
Seer, Inc. July 7, 2025 Election of Directors: Terrance McGuire Director Elections Board WITHHOLD 1
Seiko Group Corp. June 25, 2026 Elect Director Hattori, Shinji Director Elections Board AGAINST 1
Seiko Group Corp. June 25, 2026 Elect Director Takahashi, Shuji Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Approve Remuneration Report (Non-Binding) Compensation Board AGAINST 1
Sensirion Holding AG May 11, 2026 Approve Variable Remuneration of Executive Committee in the Amount of CHF 363,465 Compensation Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reappoint Anja Koenig as Member of the Nomination and Compensation Committee Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reappoint Felix Mayer as Member of the Nomination and Compensation Committee Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reappoint Moritz Lechner as Member of the Nomination and Compensation Committee Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reelect Anja Koenig as Director Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reelect Felix Mayer as Director and Board Co-Chair Director Elections Board AGAINST 1
Sensirion Holding AG May 11, 2026 Reelect Moritz Lechner as Director and Board Co-Chair Director Elections Board AGAINST 1
Sensteed Hi-Tech Group May 20, 2026 Approve Additional Guarantee Capital Structure Board AGAINST 1
Seres Therapeutics, Inc. June 9, 2026 Approval of an amendment and restatement of the Seres Therapeutics, Inc. 2025 Incentive Award Plan to increase the number of shares available for issuance under the plan. Compensation Board AGAINST 1
Seres Therapeutics, Inc. June 9, 2026 Election of Directors: Stephen A. Berenson Director Elections Board WITHHOLD 1
Shanghai Aiko Solar Energy Co., Ltd. May 20, 2026 Approve Authorization of Relevant Personnel to Handle Capital-Related Business Capital Structure Board AGAINST 1
Shanghai Aiko Solar Energy Co., Ltd. May 20, 2026 Approve Remuneration of Independent Director Compensation Board AGAINST 1
Shanghai Aiko Solar Energy Co., Ltd. May 20, 2026 Approve Remuneration of Non-independent Director Compensation Board AGAINST 1
Shanghai Allist Pharmaceuticals Co Ltd November 27, 2025 Elect DU Jinhao Director Elections Board AGAINST 1
Shanghai Bairun Investment Holding Group Co., Ltd. March 3, 2026 Approve Downward Adjustment of Conversion Price Capital Structure Board AGAINST 1
Shanghai Chicmax Cosmetic Co., Ltd. May 8, 2026 Approve Application to Financial Institutions for Credits and Borrowings and Providing Guarantees Capital Structure Board AGAINST 1
Shanghai Conant Optical Co. Ltd. September 9, 2025 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
Shanghai Henlius Biotech, Inc. May 19, 2026 Approve Grant to the Board an Unconditional General Mandate to Issue, Allot and Deal with Additional Shares Capital Structure Board AGAINST 1
Shanghai Huace Navigation Technology Ltd. September 29, 2025 Approve Authorization of the Board to Handle All Related Matters Compensation Board AGAINST 1
Shanghai Huace Navigation Technology Ltd. September 29, 2025 Approve Draft and Summary of Performance Shares Incentive Plan Compensation Board AGAINST 1
Shanghai Huace Navigation Technology Ltd. September 29, 2025 Approve Methods to Assess the Performance of Plan Participants Compensation Board AGAINST 1
Shanghai Huace Navigation Technology Ltd. May 8, 2026 Approve Cooperation in Supply Chain Finance and External Guarantees Capital Structure Board AGAINST 1
Shanghai International Port (Group) Co., Ltd. June 12, 2026 Approve Appointment of Auditor Audit-related Board AGAINST 1
Shanghai M&G Stationery, Inc. April 23, 2026 Approve Use of Idle Own Funds to Invest in Financial Products Extraordinary Transactions Board AGAINST 1
Shanghai Pharmaceuticals Holding Company June 25, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
Shanghai Pharmaceuticals Holding Company June 25, 2026 Elect DONG Ming Director Elections Board AGAINST 1
Shanghai Yuyuan Tourist Mart Group Co., Ltd. April 20, 2026 Approve Authorization for Total Investment in Real Estate Business With Multiple Functions Extraordinary Transactions Board AGAINST 1
Shanghai Yuyuan Tourist Mart Group Co., Ltd. April 20, 2026 Approve Loan and Guarantee Capital Structure Board AGAINST 1
Shanghai Yuyuan Tourist Mart Group Co., Ltd. April 20, 2026 Approve Remuneration of Directors Compensation Board AGAINST 1
Shannon Semiconductor Technology Co. Ltd. December 23, 2025 Approve Credit Line and Provision of Guarantee Capital Structure Board AGAINST 1
Shannon Semiconductor Technology Co. Ltd. April 7, 2026 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 1
Shanxi Lu'An Environmental Energy Development Co., Ltd. May 20, 2026 Approve Provision of Financial Assistance Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. November 6, 2025 Approve Comprehensive Credit Lines Application from Banks and Other Financial and Non-financial Institutions and Related Guarantees Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. January 5, 2026 Approve Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. March 2, 2026 Approve New Credit Line Application and Related Guarantees Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. April 8, 2026 Approve 2026 Credit Line Application and Provision of Guarantee Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. April 8, 2026 Approve Application of Credit Lines and Financial Leasing Capital Structure Board AGAINST 1
Sharetronic Data Technology Co. Ltd. April 28, 2026 Approve Additional Credit Line and Provision of Guarantee Capital Structure Board AGAINST 1
Shattuck Labs, Inc. July 10, 2025 To elect the three Class II director nominees to serve until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Neil Gibson, Ph.D. Director Elections Board WITHHOLD 1
Sheng Siong Group Ltd. April 29, 2026 Approve Issuance of Equity or Equity-Linked Securities with or without Preemptive Rights Capital Structure Board AGAINST 1
Sheng Siong Group Ltd. April 29, 2026 Elect Tan Poh Hong as Director Director Elections Board AGAINST 1
Shenzhen Dobot Corp. Ltd. May 20, 2026 Approve Estimation of Guarantee Limit Capital Structure Board AGAINST 1
Shenzhen Dobot Corp. Ltd. May 20, 2026 Approve Grant of Share Options Compensation Board AGAINST 1
Shenzhen Dobot Corp. Ltd. May 20, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Shenzhen Dobot Corp. Ltd. May 20, 2026 Approve Utilization of Internal Funds for Cash Management Extraordinary Transactions Board AGAINST 1
Shenzhen Edge Medical Co., Ltd. June 25, 2026 Approve General Mandate to the Board to Exercise the right to Allot, Issue and/or Deal with New Shares Capital Structure Board AGAINST 1
Shenzhen Everwin Precision Technology Co., Ltd. May 11, 2026 Approve Application of Credit Lines Capital Structure Board AGAINST 1
Shenzhen Everwin Precision Technology Co., Ltd. May 11, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen Fortune Trend Technology Co. Ltd. September 18, 2025 Elect Tian Jinen as Director Director Elections Board AGAINST 1
Shenzhen Han's CNC Technology Co., Ltd. May 8, 2026 Approve Use of Part of the Idle Proceeds from the A Share Offering and Self-Owned Funds of the Company for Cash Management Extraordinary Transactions Board AGAINST 1
Shenzhen Intellifusion Technologies Co., Ltd. June 26, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen Kinwong Electronic Co., Ltd. December 25, 2025 Approve Fixed Asset Loan Application, Increase Credit Line as well as Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen Kinwong Electronic Co., Ltd. April 20, 2026 Approve Application of Fixed Asset Loan and Credit Line and Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen Megmeet Electrical Co., Ltd. May 27, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen Megmeet Electrical Co., Ltd. May 27, 2026 Approve Use of Own Funds for Cash Management Extraordinary Transactions Board AGAINST 1
Shenzhen Megmeet Electrical Co., Ltd. June 25, 2026 Elect He Chengxiao as Independent Director Director Elections Board AGAINST 1
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. May 19, 2026 Elect Xu Jing as Director Director Elections Board AGAINST 1
Shenzhen SED Industry Co., Ltd. May 19, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
Shenzhen SED Industry Co., Ltd. June 26, 2026 Approve Use of Part of Raised Funds to Provide Loans to Subsidiary for Implementation of Investment Projects Capital Structure Board AGAINST 1
Shenzhen Techwinsemi Technology Co., Ltd. March 20, 2026 Approve Application of Credit Lines and Acceptance of Guarantees Capital Structure Board AGAINST 1
Shenzhen Techwinsemi Technology Co., Ltd. June 22, 2026 Approve Increase in Application of Credit Lines / Loan Limit Capital Structure Board AGAINST 1
Shenzhou International Group Holdings Limited May 27, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Shenzhou International Group Holdings Limited May 27, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect BRYANT HSU, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect CHENG, HSIANG CHIH, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect HSIEH, HAN CHANG, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect HSU, YU JUI, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect KAN, MING HUNG, a Representative of CHANCHING CO., LTD. with SHAREHOLDER NO.204724 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect KITAMURA YASUNORI, a Representative of MITSUBISHI ELECTRIC CORPORATION JAPAN with SHAREHOLDER NO.405 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect KOMURA HIDEAKI, a Representative of MITSUBISHI ELECTRIC CORPORATION JAPAN with SHAREHOLDER NO.405 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect KUO, YUEH SHE, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect LEE, SHUI YUAN, a Representative of YEANG DER INVESTMENT CO., LTD. with SHAREHOLDER NO.1875 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect LIN, HSIN I with SHAREHOLDER NO.D100805XXX as Independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect LIN, PO FONG, a Representative of SHIN PO INVESTMENT CO., LTD. with SHAREHOLDER NO.182497 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect NAKANO MASAHIRO, a Representative of MITSUBISHI ELECTRIC CORPORATION JAPAN with SHAREHOLDER NO.405 as Non-independent Director Director Elections Board AGAINST 1
Shihlin Electric & Engineering Corp. June 17, 2026 Elect OKOCHI KAZUHIKO, a Representative of MITSUBISHI ELECTRIC CORPORATION JAPAN with SHAREHOLDER NO.405 as Non-independent Director Director Elections Board AGAINST 1

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