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Goldman Sachs 2025-2026: where it broke with the board

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
Mebuki Financial Group, Inc. June 24, 2026 Elect Director Akino, Tetsuya Director Elections Board AGAINST 5
Medibank Private Limited November 19, 2025 Elect Jacqueline Hey as Director Director Elections Board AGAINST 5
Mitsubishi Estate Co., Ltd. June 26, 2026 Elect Director Melanie Brock Director Elections Board AGAINST 5
Mitsubishi Estate Co., Ltd. June 26, 2026 Elect Director Okamoto, Tsuyoshi Director Elections Board AGAINST 5
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Hanzawa, Junichi Director Elections Board AGAINST 5
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Kuwabara, Satoko Director Elections Board AGAINST 5
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Suzuki, Miyuki Director Elections Board AGAINST 5
Mitsubishi UFJ Financial Group, Inc. June 26, 2026 Elect Director Ueda, Teruhisa Director Elections Board AGAINST 5
Mitsui & Co., Ltd. June 17, 2026 Elect Director Hori, Kenichi Director Elections Board AGAINST 5
Mitsui & Co., Ltd. June 17, 2026 Elect Director Yasunaga, Tatsuo Director Elections Board AGAINST 5
Mizuho Financial Group, Inc. June 26, 2026 Elect Director Ono, Kotaro Director Elections Board AGAINST 5
Mizuho Financial Group, Inc. June 26, 2026 Elect Director Shinohara, Hiromichi Director Elections Board AGAINST 5
Mizuho Financial Group, Inc. June 26, 2026 Elect Director Tsukioka, Takashi Director Elections Board AGAINST 5
Mizuho Financial Group, Inc. June 26, 2026 Elect Director Uchida, Takakazu Director Elections Board AGAINST 5
Moncler SpA April 21, 2026 Approve 2026 Restricted Shares Plan Compensation Board AGAINST 5
Moncler SpA April 21, 2026 Approve Remuneration Policy Compensation Board AGAINST 5
Nabors Industries Ltd. June 2, 2026 ELECTION OF DIRECTORS: Anthony R. Chase Director Elections Board WITHHOLD 5
Nabors Industries Ltd. June 2, 2026 ELECTION OF DIRECTORS: John P. Kotts Director Elections Board WITHHOLD 5
Nabors Industries Ltd. June 2, 2026 ELECTION OF DIRECTORS: Tanya S. Beder Director Elections Board WITHHOLD 5
Naturgy Energy Group SA March 24, 2026 Advisory Vote on Remuneration Report Compensation Board AGAINST 5
NetEase, Inc. June 23, 2026 Adopt Consultant Sublimit Compensation Board AGAINST 5
NetEase, Inc. June 23, 2026 Amend and Restate the Amended and Restated 2019 Share Incentive Plan as the Second Amended and Restated 2019 Share Incentive Plan Compensation Board AGAINST 5
NetEase, Inc. June 23, 2026 Approve PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
Nintendo Co., Ltd. June 26, 2026 Elect Director Furukawa, Shuntaro Director Elections Board AGAINST 5
Nippon Yusen KK June 17, 2026 Elect Director Kuwabara, Satoko Director Elections Board AGAINST 5
Nippon Yusen KK June 17, 2026 Elect Director Nagasawa, Hitoshi Director Elections Board AGAINST 5
Nippon Yusen KK June 17, 2026 Elect Director Soga, Takaya Director Elections Board AGAINST 5
Nomura Research Institute Ltd. June 19, 2026 Elect Director Konomoto, Shingo Director Elections Board AGAINST 5
Nomura Research Institute Ltd. June 19, 2026 Elect Director Yanagisawa, Kaga Director Elections Board AGAINST 5
Nordex SE May 5, 2026 Approve Remuneration Report Compensation Board AGAINST 5
Nordex SE May 5, 2026 Reelect Juan Girod to the Supervisory Board Director Elections Board AGAINST 5
Northern Star Resources Limited November 18, 2025 Approve Issuance of FY26 LTI Performance Rights to Stuart Tonkin Compensation Board AGAINST 5
Northern Star Resources Limited November 18, 2025 Approve Issuance of FY26 STI Performance Rights to Stuart Tonkin Compensation Board AGAINST 5
PDD Holdings Inc. December 19, 2025 Elect Director George Yong-Boon Yeo Director Elections Board AGAINST 5
PDD Holdings Inc. December 19, 2025 Elect Director Ivonne M.C.M. Rietjens Director Elections Board AGAINST 5
PT Bank Mandiri (Persero) Tbk April 29, 2026 Approve Changes in the Boards of the Company Director Elections Board AGAINST 5
PT Bank Mandiri (Persero) Tbk April 29, 2026 Approve Share Repurchase Program and the Transfer of Buyback Shares Held as Treasury Stock Capital Structure Board AGAINST 5
PTC Therapeutics, Inc. June 2, 2026 Election of Four Class I Directors: Jerome B. Zeldis, M.D., Ph.D. Director Elections Board WITHHOLD 5
PTC Therapeutics, Inc. June 2, 2026 Election of Four Class I Directors: Stephanie S. Okey, M.S. Director Elections Board WITHHOLD 5
Pandora AS March 11, 2026 Approve Remuneration Report (Advisory Vote) Compensation Board AGAINST 5
Peapack-Gladstone Financial Corporation April 29, 2026 To approve on a non-binding basis, the compensation of the Company's named executive officers. Say-on-Pay Board (inferred) AGAINST 5
Petco Health and Wellness Company, Inc. June 30, 2026 To approve the Second Amendment to the Company's 2021 Equity Incentive Plan to increase the number of shares of Class A Common Stock authorized for issuance under the plan. Compensation Board AGAINST 5
Phoenix Financial Ltd. March 9, 2026 Approve Updated Compensation Policy for the Directors and Officers of the Company Compensation Board AGAINST 5
Pinnacle Financial Partners, Inc. November 6, 2025 A proposal to approve, on an advisory (non-binding) basis, the merger-related compensation payments that will or may be paid to Pinnacle's named executive officers in connection with the transactions contemplated by the merger agreement. Say-on-Pay Board (inferred) AGAINST 5
Quantum Computing Inc. June 24, 2026 Approve an amendment to the Company's 2022 Equity and Incentive Plan. Compensation Board AGAINST 5
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Arthur Allan Priaulx Director Elections Board WITHHOLD 5
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Elaine J. Martin Director Elections Board WITHHOLD 5
RCI Hospitality Holdings, Inc. August 18, 2025 ELECTION OF DIRECTORS OF THE COMPANY: Yura Barabash Director Elections Board WITHHOLD 5
RLI Corp. May 14, 2026 Non-Binding, Advisory Vote to Approve the Compensation of the Company's Named Executive Officers (the "Say-on-Pay" vote). Say-on-Pay Board (inferred) AGAINST 5
Recruit Holdings Co., Ltd. June 24, 2026 Elect Director Idekoba, Hisayuki Director Elections Board AGAINST 5
Recruit Holdings Co., Ltd. June 24, 2026 Elect Director Minegishi, Masumi Director Elections Board AGAINST 5
Red Cat Holdings, Inc. June 18, 2026 Election of five (5) Directors: Christopher R. Moe Director Elections Board WITHHOLD 5
Red Cat Holdings, Inc. June 18, 2026 Election of five (5) Directors: General (R) Paul E. Funk II Director Elections Board WITHHOLD 5
Red Cat Holdings, Inc. June 18, 2026 Election of five (5) Directors: Nicholas Liuzza Jr. Director Elections Board WITHHOLD 5
Rigel Pharmaceuticals, Inc. May 14, 2026 To approve an amendment to our 2018 Equity Incentive Plan, as amended (the "Amended 2018 Plan"), to add an additional 500,000 shares to the number of shares of common stock authorized for issuance under the Amended 2018 Plan. Compensation Board AGAINST 5
RingCentral, Inc. December 31, 2025 To approve, on an advisory, non-binding basis, the named executive officers' compensation, as disclosed in the proxy statement (Proposal Three). Say-on-Pay Board (inferred) AGAINST 5
Rocket Lab Corporation August 27, 2025 To approve, on a non-binding advisory basis, the compensation of our named executive officers disclosed in the accompanying proxy statement. Say-on-Pay Board (inferred) AGAINST 5
Sany Heavy Industry Co., Ltd. December 30, 2025 Approve Estimated Cap for Providing Guarantees to Controlled Subsidiaries Capital Structure Board AGAINST 5
Sany Heavy Industry Co., Ltd. December 30, 2025 Approve Financial Assistance to Controlled Subsidiaries Capital Structure Board AGAINST 5
Schrodinger, Inc. June 22, 2026 Approval of an amendment to the Schrodinger, Inc. 2022 Equity Incentive Plan, as amended, to increase the number of shares of common stock available for issuance thereunder by 3,000,000 shares. Compensation Board AGAINST 5
Seven & i Holdings Co., Ltd. May 27, 2026 Elect Director Ito, Junro Director Elections Board AGAINST 5
Seven & i Holdings Co., Ltd. May 27, 2026 Elect Director Stephen Hayes Dacus Director Elections Board AGAINST 5
SharkNinja, Inc. June 18, 2026 Election of Directors: Kathryn J. Barton Director Elections Board AGAINST 5
SharkNinja, Inc. June 18, 2026 Election of Directors: Timothy R. Warner Director Elections Board AGAINST 5
Shift4 Payments, Inc. June 12, 2026 Approval of the Company's 2026 Employee Stock Purchase Plan. Compensation Board AGAINST 5
Smith & Nephew plc May 6, 2026 Approve Performance Share Plan Compensation Board AGAINST 5
Smith & Nephew plc May 6, 2026 Approve Remuneration Policy Compensation Board AGAINST 5
Sphere Entertainment Co. June 10, 2026 Election of the following nominees as directors: Joseph J. Lhota Director Elections Board WITHHOLD 5
StoneCo Ltd. April 23, 2026 Elect Director Diego Fresco Gutierrez Director Elections Board AGAINST 5
StoneCo Ltd. April 23, 2026 Elect Director Luciana Ibiapina Lira Aguiar Director Elections Board AGAINST 5
StoneCo Ltd. April 23, 2026 Elect Director Silvio Jose Morais Director Elections Board AGAINST 5
Sumitomo Pharma Co., Ltd. June 25, 2026 Elect Director Kimura, Toru Director Elections Board AGAINST 5
Sumitomo Realty & Development Co., Ltd. June 26, 2026 Elect Director Nishima, Kojun Director Elections Board AGAINST 5
Sumitomo Realty & Development Co., Ltd. June 26, 2026 Elect Director Onodera, Kenichi Director Elections Board AGAINST 5
Sun Hung Kai Properties Limited November 6, 2025 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 5
Sun Hung Kai Properties Limited November 6, 2025 Authorize Reissuance of Repurchased Shares Capital Structure Board AGAINST 5
Swire Pacific Limited May 14, 2026 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Capital Structure Board AGAINST 5
Swire Pacific Limited May 14, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
Talanx AG May 7, 2026 Approve Remuneration Report Compensation Board AGAINST 5
Talanx AG May 7, 2026 Change of Corporate Form to Societas Europaea (SE) Extraordinary Transactions Board AGAINST 5
Talanx AG May 7, 2026 Elect Angela Titzrath to the Supervisory Board of Talanx SE Director Elections Board AGAINST 5
Talanx AG May 7, 2026 Elect Christof Guenther to the Supervisory Board of Talanx SE Director Elections Board AGAINST 5
Talanx AG May 7, 2026 Elect Herbert Haas to the Supervisory Board of Talanx SE Director Elections Board AGAINST 5
Talanx AG May 7, 2026 Elect Joachim Brenk to the Supervisory Board of Talanx SE Director Elections Board AGAINST 5
Telenor ASA May 19, 2026 Approve Remuneration Statement (Advisory Vote) Compensation Board AGAINST 5
Telos Corporation May 7, 2026 AMENDMENT TO THE AMENDED AND RESTATED 2016 OMNIBUS LONG-TERM INCENTIVE PLAN: To approve Amendment No. 2 to the Amended and Restated 2016 Omnibus Long-Term Incentive Plan of the Company, substantially in the form attached hereto as Exhibit A (the "Plan Amendment"). Compensation Board AGAINST 5
Tencent Holdings Limited May 13, 2026 Approve PricewaterhouseCoopers as Auditors and Authorize Board to Fix Their Remuneration Audit-related Board AGAINST 5
The First Bancorp, Inc. April 29, 2026 To approve (on a non-binding basis), the compensation of the Company's executives, as disclosed in the Company's annual report and proxy statement. Say-on-Pay Board (inferred) AGAINST 5
Travere Therapeutics, Inc. May 19, 2026 To approve the Company's 2018 Equity Incentive Plan, as amended, to increase the number of shares of common stock authorized for issuance thereunder by 3,000,000 shares. Compensation Board AGAINST 5
Trelleborg AB April 23, 2026 Approve Remuneration Report Compensation Board AGAINST 5
Tri Pointe Homes, Inc. April 16, 2026 To approve, on a non-binding, advisory basis, the compensation that may be paid or become payable to the Company's named executive officers that is based on or otherwise relates to the Merger Agreement and the transactions contemplated therein. Say-on-Pay Board (inferred) AGAINST 5
Twist Bioscience Corporation February 5, 2026 To adopt, on an advisory basis, a resolution approving the compensation of the Company's Named Executive Officers, as described in the Proxy Statement under "Executive Compensation." Say-on-Pay Board (inferred) AGAINST 5
U.S. Gold Corp. April 27, 2026 Election of Directors Nominees: Luke Norman Director Elections Board WITHHOLD 5
UniCredit SpA March 31, 2026 Approve Remuneration Policy Compensation Board AGAINST 5
UniCredit SpA March 31, 2026 Approve Second Section of the Remuneration Report Compensation Board AGAINST 5
UniCredit SpA March 31, 2026 Authorize Board to Increase Capital to Service the 2022 Group Incentive System Compensation Board AGAINST 5
Unicaja Banco SA April 9, 2026 Reelect Jose Ramon Sanchez Serrano as Director Director Elections Board AGAINST 5
Upstart Holdings, Inc. May 28, 2026 Election of Directors: Ciaran O'Kelly Director Elections Board WITHHOLD 5
Var Energi ASA May 29, 2026 Approve Creation of NOK 39.9 Million Pool of Capital without Preemptive Rights Capital Structure Board AGAINST 5
Var Energi ASA May 29, 2026 Approve Remuneration Statement Compensation Board AGAINST 5

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Built November 1, 2026 from SEC Form N-PX filings.