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Goldman Sachs
One season of the Goldman Sachs record. The family page shows the latest season.
- Vote records reported
- 202,392year to 30 June 2024
- Against management
- 7.9%15,263 of 192,219 marked votes
- Say-on-pay support
- 90.5%for, of for + against + abstain
- Shareholder-proposal support
- 17.7%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
Goldman Sachs reported 202,392 vote records for the year to 30 June 2024. It marked 7.9% of its votes as cast against management (15,263 of 192,219), close to the median of the fund families tracked here, which was 8.5%.
Weighted by the number of shares voted, the against-management share is 7.2%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 90.5% of the section 14A say-on-pay items it reported (the median of the fund families tracked here: 89.0%) and it voted for 17.7% of the proposals put forward by security holders (the median of the fund families tracked here: 35.1%).
By category, votes against management were most frequent in SHAREHOLDER RIGHTS AND DEFENSES (25.6% of 613), COMPENSATION (12.2% of 14,697) and EXTRAORDINARY TRANSACTIONS (9.4% of 950).
It reported 3.76 billion shares out on loan at record dates, 4.94% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 60 families with at least 25 vote records in the season.
| year to 30 June 2024 | This family | Median family | All filers pooled |
|---|---|---|---|
| Against-management share | 7.9% | 8.5% | 10.2% |
| Say-on-pay support rate | 90.5% | 89.0% | 84.6% |
| Shareholder-proposal support rate | 17.7% | 35.1% | 37.0% |
| Shares on loan, share of shares held | 4.94% | 1.34% | 0.08% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Of the 202,392 vote records in this filing, 12,854 carry something the form does not expect: a missing vote source or category, a record with no vote line, a meeting date that cannot be read, or a security identifier this site could not use. They are counted as filed. What is checked
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 111,661 | 101,701 | 5,346 | 8.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 18,891 | 11,953 | 1,250 | 9.3% | |
| AUDIT-RELATED | 13,581 | 13,501 | 68 | 0.4% | |
| INVESTMENT COMPANY MATTERS | 4 | 4 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 632 | 557 | 64 | 25.6% | |
| EXTRAORDINARY TRANSACTIONS | 952 | 859 | 92 | 9.4% | |
| CAPITAL STRUCTURE | 12,774 | 12,144 | 619 | 5.4% | |
| COMPENSATION | 14,788 | 12,372 | 2,372 | 12.2% | |
| CORPORATE GOVERNANCE | 21,246 | 18,538 | 2,590 | 8.0% | |
| ENVIRONMENT OR CLIMATE | 2,388 | 402 | 1,970 | 4.9% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 1,249 | 298 | 943 | 5.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 1,427 | 302 | 1,115 | 5.0% | |
| OTHER SOCIAL ISSUES | 3,135 | 731 | 2,394 | 2.8% | |
| OTHER | 1,298 | 956 | 340 | 2.2% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 202,392 | 7.9% | 90.5% | 17.7% | |
| year to 30 June 2025 | 203,080 | 6.5% | 92.5% | 14.5% | |
| year to 30 June 2026 | 330,562 | 7.4% | 93.1% | 32.3% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, Goldman Sachs voted against management on 313 of the 2,927 it marked either way (10.7%) in the year to 30 June 2024. The 40 companies with the most reporting filers are listed.
A further 383 say-on-pay items were reported without a management mark and are left out of both sides of that fraction.
- Salesforce, Inc. 27 Jun 2024
- Oracle Corporation 15 Nov 2023
- Tesla, Inc. 13 Jun 2024
- 3M Company 14 May 2024
- THE BOEING COMPANY 17 May 2024
- Analog Devices, Inc. 13 Mar 2024
- Palo Alto Networks, Inc. 12 Dec 2023
- Air Products and Chemicals, Inc. 25 Jan 2024
- WARNER BROS. DISCOVERY, INC. 3 Jun 2024
- General Motors Company 4 Jun 2024
- Norfolk Southern Corporation 9 May 2024
- Pioneer Natural Resources Company 7 Feb 2024
- The Estee Lauder Companies Inc. 17 Nov 2023
- Dollar General Corporation 29 May 2024
- Workday, Inc. 18 Jun 2024
- Lennar Corporation 10 Apr 2024
- Hess Corporation 15 May 2024
- Hess Corporation 28 May 2024
- TransDigm Group Incorporated 7 Mar 2024
- Pinterest, Inc. 23 May 2024
- Synchrony Financial 11 Jun 2024
- Citizens Financial Group, Inc. 25 Apr 2024
- Axon Enterprise, Inc. 10 May 2024
- DraftKings Inc. 13 May 2024
- Las Vegas Sands Corp. 9 May 2024
- APA CORPORATION 23 May 2024
- Live Nation Entertainment, Inc. 13 Jun 2024
- Fortune Brands Innovations, Inc. 7 May 2024
- Zebra Technologies Corporation 9 May 2024
- Etsy, Inc. 13 Jun 2024
- Fair Isaac Corporation 14 Feb 2024
- Watsco, Inc. 3 Jun 2024
- DocuSign, Inc. 29 May 2024
- Zoom Communications, Inc. 13 Jun 2024
- Paycom Software, Inc. 29 Apr 2024
- Bio-Techne Corporation 26 Oct 2023
- Cloudflare, Inc. 4 Jun 2024
- NRG Energy, Inc. 25 Apr 2024
- HEICO Corporation 15 Mar 2024
- Liberty Media Corporation 10 Jun 2024
Shareholder proposals it supported
Of 1,034 proposals from security holders that could be told apart in the filings and on which it cast a vote, Goldman Sachs voted for 252 (24.4%). The 40 at the companies with the most reporting filers are listed. Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| NVIDIA Corporation | 26 Jun 2024 | Advisory approval of a stockholder proposal to replace the supermajority voting provisions in our charter... |
| AbbVie Inc. | 3 May 2024 | Stockholder Proposal - to Implement Simple Majority Vote |
| The Procter & Gamble Company | 10 Oct 2023 | Shareholder Proposal - Request to Require Shareholder Approval for Certain Future Amendments to Company... |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding adoption of a freedom of association and collective bargaining policy |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding annual reporting on anti-harassment and discrimination efforts |
| Tesla, Inc. | 13 Jun 2024 | A stockholder proposal regarding simple majority voting provisions in our governing documents |
| Tesla, Inc. | 13 Jun 2024 | Declassify the Board of Directors |
| ConocoPhillips | 14 May 2024 | Simple Majority Vote. |
| United Parcel Service, Inc. | 2 May 2024 | To take steps to reduce the voting power of UPS class A stock from 10 votes per share to one vote per share. |
| ServiceNow, Inc. | 23 May 2024 | Shareholder proposal regarding simple majority vote. |
| Prologis, Inc. | 9 May 2024 | Vote on a stockholder proposal titled "Simple Majority Vote." |
| Emerson Electric Co. | 6 Feb 2024 | Shareholder Proposal to Implement a Simple Majority Vote Requirement in the Company's Governing Documents. |
| Vertex Pharmaceuticals Incorporated | 15 May 2024 | Shareholder proposal, if properly presented at the meeting, regarding special shareholder meeting improvement. |
| Analog Devices, Inc. | 13 Mar 2024 | Shareholder proposal regarding simple majority voting |
| WARNER BROS. DISCOVERY, INC. | 3 Jun 2024 | To vote on a stockholder proposal entitled, "Adopt a Shareholder Right to Call a Special Shareholder Meeting" |
| THE SOUTHERN COMPANY | 22 May 2024 | Stockholder proposal regarding simple majority vote |
| The Sherwin-Williams Company | 17 Apr 2024 | Shareholder proposal to adopt a simple majority vote. |
| FORD MOTOR COMPANY | 9 May 2024 | Relating to Consideration of a Recapitalization Plan to Provide That All of the Company's Outstanding... |
| Marathon Petroleum Corporation | 24 Apr 2024 | Shareholder proposal seeking a simple majority vote. |
| Norfolk Southern Corporation | 9 May 2024 | A Shareholder proposal regarding an annual report on lobbying activities, policies and communications. |
| Regeneron Pharmaceuticals, Inc. | 14 Jun 2024 | Non-binding shareholder proposal requesting simple majority voting requirements |
| Kinder Morgan, Inc. | 8 May 2024 | Stockholder proposal relating to establishing a greenhouse gas emission reduction target |
| Roper Technologies, Inc. | 12 Jun 2024 | Shareholder proposal regarding majority voting requirements; and |
| Humana Inc. | 18 Apr 2024 | The stockholder proposal on simple majority vote |
| IDEXX Laboratories, Inc. | 6 May 2024 | Shareholder proposal regarding simple majority vote (Proposal Four). |
| Agilent Technologies, Inc. | 14 Mar 2024 | To vote on a shareholder proposal regarding simple majority vote |
| Delta Air Lines, Inc. | 20 Jun 2024 | A shareholder proposal requesting the adoption of a non-interference policy. |
| Fastenal Company | 25 Apr 2024 | The consideration of a shareholder proposal relating to simple majority vote |
| WEC Energy Group, Inc. | 9 May 2024 | Stockholder proposal regarding simple majority vote |
| Verisk Analytics, Inc. | 15 May 2024 | Shareholder Proposal - Simple Majority Vote |
| Keysight Technologies, Inc. | 21 Mar 2024 | Consider, on a non-binding advisory basis, Stockholder Proposal: Simple Majority Vote |
| Eversource Energy | 1 May 2024 | Vote on a shareholder proposal titled "Simple Majority Vote," if properly brought before the meeting. |
| Conagra Brands, Inc. | 14 Sep 2023 | Shareholder proposal requesting a shareholder right to call a special shareholder meeting |
| Align Technology, Inc. | 22 May 2024 | Stockholder proposal regarding simple majority vote |
| Quest Diagnostics Incorporated | 16 May 2024 | Stockholder proposal regarding managing climate risk through science-based targets and transition planning |
| ANSYS, Inc. | 7 Jun 2024 | Stockholder Proposal Requesting the Adoption of a Shareholder Right to Call a Special Shareholder Meeting |
| Monolithic Power Systems, Inc. | 13 Jun 2024 | Declassify the Board of Directors |
| Masco Corporation | 10 May 2024 | Consideration of stockholder proposal on Simple Majority Vote. |
| Akamai Technologies, Inc. | 10 May 2024 | To vote upon a shareholder proposal regarding a simple majority vote |
| West Pharmaceutical Services, Inc. | 23 Apr 2024 | Shareholder Proposal Entitled "Simple Majority Vote" |
Shares on loan
Goldman Sachs reported 3.76 billion shares on loan at record dates against 72.33 billion shares voted: 4.94% of the two together. Median family: 1.34%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Questions
How did Goldman Sachs vote on executive pay?
In the year to 30 June 2024 Goldman Sachs reported 13,208 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 11,953 were for (90.5%), 1,250 against and 5 abstentions. Counting one item per company meeting, it voted against management on 313 of the 2,927 say-on-pay items it marked either way. A further 383 say-on-pay items were reported without a management mark and are not counted in that figure.
How often does Goldman Sachs vote against management?
7.9% of the time in the year to 30 June 2024: 15,263 of the 192,219 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did Goldman Sachs support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 2,060 votes on proposals from security holders in the year to 30 June 2024 and voted for 88 of them (4.3%). Across every category it voted for 17.7% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of the registrants and managers grouped under this family on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Back to the Goldman Sachs family page · All filers in the year to 30 June 2024
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings of the filers grouped under Goldman Sachs, read as filed and not verified by the SEC. Filings read through 23 Sep 2026; page built 26 Sep 2026.