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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
SunPower, Inc. March 25, 2026 To approve an amendment to the Company's 2023 Equity Incentive Plan, as amended, to reserve an additional 8,000,000 shares of Common Stock for issuance under the 2023 Equity Incentive Plan, as amended; Compensation Board AGAINST 1
Sunac Services Holdings Limited May 22, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 1
Sunac Services Holdings Limited May 22, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 1
Sunac Services Holdings Limited May 22, 2026 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 1
Sunshine Insurance Group Company Limited June 17, 2026 Approve Grant of General Mandate to the Board to Issue Additional H Shares Capital Structure Board AGAINST 1
Supernus Pharmaceuticals, Inc. June 18, 2026 To consider and act upon a proposal to amend the Supernus Pharmaceuticals, Inc. 2021 Equity Incentive Plan to increase the number of shares available under the plan. Compensation Board AGAINST 1
Sutro Biopharma, Inc. June 5, 2026 Election of Class II Directors: Connie Matsui Director Elections Board WITHHOLD 1
Sutro Biopharma, Inc. June 5, 2026 Election of Class II Directors: James Panek Director Elections Board WITHHOLD 1
Suzano SA April 23, 2026 Elect Luiz Augusto Marques Paes as Fiscal Council Member and Luciano Douglas Colauto as Alternate Compensation Board ABSTAIN 1
Suzano SA April 23, 2026 Elect Rubens Barletta as Fiscal Council Member and Roberto Figueiredo Mello as Alternate Compensation Board ABSTAIN 1
Suzano SA April 23, 2026 In Case Cumulative Voting Is Adopted, Do You Wish to Equally Distribute Your Votes Amongst the Nominees below? Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Daniel Feffer as Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect David Feffer as Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Gabriela Feffer Moll as Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Maria Priscila Rodini Vansetti Machado as Independent Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Nildemar Secches as Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Paulo Rogerio Caffarelli as Independent Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Paulo Sergio Kakinoff as Independent Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Rodrigo Calvo Galindo as Independent Director Director Elections Board ABSTAIN 1
Suzano SA April 23, 2026 Percentage of Votes to Be Assigned - Elect Walter Schalka as Director Director Elections Board ABSTAIN 1
Swire Properties Limited May 12, 2026 Authority to Issue Shares w/o Preemptive Rights Capital Structure Board AGAINST 1
Swire Properties Limited May 12, 2026 Elect Raymond LIM Siang Keat Director Elections Board AGAINST 1
Synsam AB April 22, 2026 Approve Alternative Equity Plan Financing Compensation Board AGAINST 1
Synsam AB April 22, 2026 Approve Equity Plan Financing Compensation Board AGAINST 1
Synsam AB April 22, 2026 Approve Long Term Incentive Program (LTIP 2026) for Key Employees Compensation Board AGAINST 1
Synsam AB April 22, 2026 Approve Transfer of Shares in Connection with Incentive Plan Compensation Board AGAINST 1
TAB Gida Sanayi ve Ticaret AS June 2, 2026 Appoint Auditor for Sustainability Reporting for 2026 Audit-related Board AGAINST 1
TAB Gida Sanayi ve Ticaret AS June 2, 2026 Approve Director Remuneration Compensation Board AGAINST 1
TAB Gida Sanayi ve Ticaret AS June 2, 2026 Ratify External Auditors Audit-related Board AGAINST 1
TAURON Polska Energia SA May 20, 2026 Approve Remuneration Report Compensation Board AGAINST 1
TCL Technology Group Corporation June 22, 2026 2026 Medium and Long-Term Employee Stock Ownership Plan (Draft) and Its Summary Compensation Board AGAINST 1
TCL Technology Group Corporation June 22, 2026 2026 Partner Stock Ownership Plan (Draft) and Its Summary Compensation Board AGAINST 1
TCL Technology Group Corporation June 22, 2026 Adjustments to the 2025 Employee Stock Ownership Plan Compensation Board AGAINST 1
TCL Zhonghuan Renewable Energy Technology Co., Ltd. April 15, 2026 Approve Provision of Guarantee Capital Structure Board AGAINST 1
TD Power Systems Limited August 6, 2025 Reelect Mohib N Khericha as Director Director Elections Board AGAINST 1
THE WALT DISNEY COMPANY March 18, 2026 Consideration of an advisory vote to approve executive compensation. Say-on-Pay Board AGAINST 1
THK CO., LTD. March 20, 2026 Elect Director Teramachi, Akihiro Director Elections Board AGAINST 1
THK CO., LTD. March 20, 2026 Elect Director Teramachi, Takashi Director Elections Board AGAINST 1
TIM SA March 31, 2026 Approve Recasting of Votes for Amended Supervisory Council Slate Director Elections Board AGAINST 1
TIM SA March 31, 2026 Ratification of Co-Option of Directors Director Elections Board AGAINST 1
TIS, Inc. (Japan) June 23, 2026 Elect Director Kuwano, Toru Director Elections Board AGAINST 1
TIS, Inc. (Japan) June 23, 2026 Elect Director Okamoto, Yasushi Director Elections Board AGAINST 1
TMBThanachart Bank Public Company Limited April 21, 2026 Directors' Bonus Compensation Board AGAINST 1
TMBThanachart Bank Public Company Limited April 21, 2026 Elect Rapee Sucharitakul Director Elections Board AGAINST 1
TOHO GAS Co., Ltd. June 25, 2026 Elect Director Masuda, Nobuyuki Director Elections Board AGAINST 1
TOHO GAS Co., Ltd. June 25, 2026 Elect Director Yamazaki, Satoshi Director Elections Board AGAINST 1
TOTVS S.A. October 30, 2025 Request Establishment of Supervisory Council Director Elections Board ABSTAIN 1
TOTVS S.A. April 24, 2026 Allocate Cumulative Votes to Laercio Jose de Lucena Cosentino Director Elections Board ABSTAIN 1
TOTVS S.A. April 24, 2026 Elect Laercio Jose de Lucena Cosentino Director Elections Board AGAINST 1
TOTVS S.A. April 24, 2026 Request Cumulative Voting Director Elections Board AGAINST 1
TOTVS S.A. April 24, 2026 Request Establishment of Supervisory Council Director Elections Board ABSTAIN 1
TPR Co., Ltd. June 23, 2026 Appoint Statutory Auditor Manabe, Shinichi Compensation Board AGAINST 1
TPR Co., Ltd. June 23, 2026 Appoint Statutory Auditor Yamanaka, Eijiro Compensation Board AGAINST 1
TPR Co., Ltd. June 23, 2026 Elect Director Fujishiro, Goji Director Elections Board AGAINST 1
TREX COMPANY, INC. April 28, 2026 Non-binding advisory vote on executive compensation (''say-on-pay'') Say-on-Pay Board AGAINST 1
TV Asahi Holdings Corp. June 26, 2026 Approve Allocation of Income, with a Final Dividend of JPY 40 Capital Structure Board AGAINST 1
TV TOKYO Holdings Corp. June 18, 2026 Elect Director Ishikawa, Ichiro Director Elections Board AGAINST 1
TV TOKYO Holdings Corp. June 18, 2026 Elect Director Yoshitsugu, Hiroshi Director Elections Board AGAINST 1
Taiwan High Speed Rail Corp. May 27, 2026 Elect Duei Tsai, with SHAREHOLDER NO.L100933XXX as Independent Director Director Elections Board AGAINST 1
Taiwan High Speed Rail Corp. May 27, 2026 Elect Kung-Yeun Jeng, a Representative of Ministry of Transportation and Communications, R.O.C., with SHAREHOLDER NO.92268, as Non-independent Director Director Elections Board AGAINST 1
Taiwan High Speed Rail Corp. May 27, 2026 Elect Pai-Ta Shih, with SHAREHOLDER NO.U120155XXX as Independent Director Director Elections Board AGAINST 1
Tamboran Resources Corporation July 16, 2025 Approval of the Company's May 2025 PIPE Financing and issuance of shares of Common Stock pursuant to the Company's May 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation July 16, 2025 Approval of the issuance of shares of Common Stock to certain directors and officers of the Company pursuant to the Company's May 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation July 16, 2025 Approval, for purposes of ASX Listing Rule 10.11 and for all other purposes, of the issue of 563,697 shares of Common Stock to Daly Waters Energy, LP under Tranche 2 of the May 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation July 16, 2025 Approval, for purposes of ASX Listing Rule 7.1 and for all other purposes, of the issue of 336,662 shares of Common Stock to Non-Affiliated Investors under Tranche 2 of the May 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation July 16, 2025 Ratification and approval, for purposes of ASX Listing Rule 7.4 and for all other purposes, of the prior issue of 2,180,515 shares of Common Stock under Tranche 1 of the May 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation December 4, 2025 Election of Directors: Andrew Robb Director Elections Board WITHHOLD 1
Tamboran Resources Corporation December 4, 2025 Election of Directors: Ryan Dalton Director Elections Board WITHHOLD 1
Tamboran Resources Corporation January 13, 2026 Approval of the Company's October 2025 PIPE Financing (as defined below) and issuance of shares of Common Stock pursuant to the Company's October 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation January 13, 2026 Approval of the issuance of shares of Common Stock to certain directors, officers, and employees of the Company pursuant to the Company's October 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamboran Resources Corporation January 13, 2026 Approval, for purposes of ASX Listing Rule 10.11 and for all other purposes, of the issue of 133,655 shares of Common Stock to Mr. Bryan Sheffield under the October 2025 PIPE Financing. Capital Structure Board AGAINST 1
Tamura Corp. June 25, 2026 Elect Director Asada, Masahiro Director Elections Board AGAINST 1
Tamura Corp. June 25, 2026 Elect Director Nakamura, Mitsutaka Director Elections Board AGAINST 1
Taseko Mines Limited June 24, 2026 Elect Robert A. Dickinson Director Elections Board WITHHOLD 1
Tata Consultancy Services Ltd. June 9, 2026 Elect Natarajan Chandrasekaran Director Elections Board AGAINST 1
Tata Elxsi Limited June 24, 2026 Reelect Ankur Verma as Director Director Elections Board AGAINST 1
Tatlipinar Enerji Uretim AS May 15, 2026 Approve Director Remuneration Compensation Board AGAINST 1
TechTarget, Inc. July 24, 2025 Election of Directors: Christina Van Houten Director Elections Board AGAINST 1
TechTarget, Inc. July 24, 2025 Election of Directors: Mary McDowell Director Elections Board AGAINST 1
TechTarget, Inc. July 24, 2025 Election of Directors: Perfecto Sanchez Director Elections Board AGAINST 1
TechTarget, Inc. June 11, 2026 Election of Directors: Stephen Carter Director Elections Board AGAINST 1
Technoprobe SpA April 23, 2026 Approve Restricted Shares Incentive Plan 2026-2029 Compensation Board AGAINST 1
Technoprobe SpA April 23, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 1
Technoprobe SpA April 23, 2026 Approve Special Award Incentive Plan Compensation Board AGAINST 1
Tecnicas Reunidas SA June 25, 2026 Amend Remuneration Policy Compensation Board AGAINST 1
Telefonica Brasil SA April 16, 2026 Re-Ratify Remuneration of Company's Management and Fiscal Council for 2025 Compensation Board AGAINST 1
Teleperformance SE May 21, 2026 Approve Remuneration Policy of CEO from January 1, 2026 to March 15, 2026 Compensation Board AGAINST 1
Teleperformance SE May 21, 2026 Approve Remuneration Policy of Vice-CEO Compensation Board AGAINST 1
Teleperformance SE May 21, 2026 Approve Remuneration Policy of Vice-CEO in Charge of Finances Compensation Board AGAINST 1
Tenaga Nasional Berhad May 21, 2026 Elect Abdul Razak bin Abdul Majid as Director Director Elections Board AGAINST 1
Tenaga Nasional Berhad May 21, 2026 Elect Muazzam bin Mohamad as Director Director Elections Board AGAINST 1
Tenaga Nasional Berhad May 21, 2026 Elect Shamsul bin Ahmad as Director Director Elections Board AGAINST 1
Tenaya Therapeutics, Inc. May 27, 2026 To amend and restate our 2021 Equity Incentive Plan to, among other things, increase the number of shares of our common stock reserved for issuance by approximately 3% of our outstanding shares and remove the annual limit of 4 million shares from the "evergreen" provision. Compensation Board AGAINST 1
Tencent Holdings Limited May 13, 2026 TO RE-ELECT 'MR IAN CHARLES STONE' AS DIRECTOR Director Elections Board AGAINST 1
Tenneco Clean Air India Ltd. May 2, 2026 Approve Ratification and Amendment of Employee Stock Option Scheme 2025 Compensation Board AGAINST 1
Tenneco Clean Air India Ltd. May 2, 2026 Approve Ratification of Extension of Grant to the Eligible Employees of the Group Company, Including a Subsidiary Company, in India or outside India, or of a Holding Company or Associate Company Under Employee Stock Option Scheme 2025 Compensation Board AGAINST 1
Tera Yatirim Menkul Degerler AS May 8, 2026 Approve Director Remuneration Compensation Board AGAINST 1
Tera Yatirim Menkul Degerler AS May 8, 2026 Elect Directors Director Elections Board AGAINST 1
TeraWulf Inc. June 9, 2026 Elect Lisa A. Prager Director Elections Board WITHHOLD 1
TeraWulf Inc. June 9, 2026 The approval, on a non-binding, advisory basis, of the compensation of our named executive officers ("Say-on-Pay"). Say-on-Pay Board AGAINST 1

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