The Goldman Sachs Group, Inc.
Ticker: GS
Meeting date: 29/04/2021
Meeting type: Annual
| Proposal | Mgt rec | Vote | |
|---|---|---|---|
| Management proposals | |||
| 1a | Proposal Elect Director M. Michele Burns | Mgt rec For | Vote For |
| 1b | Proposal Elect Director Drew G. Faust | Mgt rec For | Vote For |
| 1c | Proposal Elect Director Mark A. Flaherty | Mgt rec For | Vote For |
| 1d | Proposal Elect Director Ellen J. Kullman | Mgt rec For | Vote For |
| 1e | Proposal Elect Director Lakshmi N. Mittal Vote rationale: Board members should devote sufficient time to fulfil their responsibilities effectively. The chairperson is responsible for leading all aspects of the board’s work and should devote a significant amount of time to fulfil his or her responsibilities effectively. Board members should contribute to effective discussions and decision-making by attending all meetings. Global Voting Guidelines Time commitment of board members | Mgt rec For | Vote Against |
| 1f | Proposal Elect Director Adebayo O. Ogunlesi | Mgt rec For | Vote For |
| 1g | Proposal Elect Director Peter Oppenheimer | Mgt rec For | Vote For |
| 1h | Proposal Elect Director David M. Solomon Vote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest. Global Voting Guidelines Separation of chairperson and CEO | Mgt rec For | Vote Against |
| 1i | Proposal Elect Director Jan E. Tighe | Mgt rec For | Vote For |
| 1j | Proposal Elect Director Jessica R. Uhl | Mgt rec For | Vote For |
| 1k | Proposal Elect Director David A. Viniar | Mgt rec For | Vote For |
| 1l | Proposal Elect Director Mark O. Winkelman | Mgt rec For | Vote For |
| 2 | Proposal Advisory Vote to Ratify Named Executive Officers' Compensation | Mgt rec For | Vote For |
| 3 | Proposal Amend Omnibus Stock Plan | Mgt rec For | Vote For |
| 4 | Proposal Ratify PricewaterhouseCoopers LLP as Auditors | Mgt rec For | Vote For |
| Shareholder proposals | |||
| 5 | Proposal Provide Right to Act by Written Consent Vote rationale: Shareholders should in certain circumstances have the opportunity to raise issues of material importance without having to wait for management to schedule a meeting. All proposals subject to shareholder approval should be presented as individual items, and the vote tally should be published. Global Voting Guidelines | Mgt rec Against | Vote For |
| 6 | Proposal Report on the Impacts of Using Mandatory Arbitration Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting | Mgt rec Against | Vote For |
| 7 | Proposal Amend Certificate of Incorporation to Become a Public Benefit Corporation | Mgt rec Against | Vote Against |
| 8 | Proposal Report on Racial Equity Audit | Mgt rec Against | Vote Against |
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