The Goldman Sachs Group, Inc.

Ticker: GS

Meeting date: 26/04/2023

Meeting type: Annual

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

Disclaimer

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