The Goldman Sachs Group, Inc.

Ticker: GS
Meeting date: 26/04/2023
Meeting type: Annual
Proposal Mgt rec Vote
Management proposals
1a Elect Director Michele Burns For For
1b Elect Director Mark Flaherty For For
1c Elect Director Kimberley Harris For For
1d Elect Director Kevin Johnson For For
1e Elect Director Ellen Kullman For For
1f Elect Director Lakshmi Mittal For For
1g Elect Director Adebayo Ogunlesi For For
1h Elect Director Peter Oppenheimer For For
1i Elect Director David 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 For Against
1j Elect Director Jan Tighe For For
1k Elect Director Jessica Uhl For For
1l Elect Director David Viniar For For
2 Advisory Vote to Ratify Named Executive Officers' Compensation For For
3 Advisory Vote on Say on Pay Frequency One year One year
4 Ratify PricewaterhouseCoopers LLP as Auditors For For
Shareholder proposals
5 Report on Lobbying Payments and Policy 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 Against For
6 Require Independent Board Chair 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 Against For
7 Publish Third-Party Review on Chinese Congruency of Certain ETFs Against Against
8 Oversee and Report a Racial Equity Audit Against Against
9 Adopt Time-Bound Policy to Phase Out Underwriting and Lending for New Fossil Fuel Development Against Against
10 Disclose 2030 Absolute GHG Reduction Targets Associated with Lending and Underwriting Against Against
11 Report on Climate Transition Plan Describing Efforts to Align Financing Activities with GHG Targets 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 Against For
12 Report on Median Gender/Racial Pay Gap 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 Against For

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