GS Ascertain Client Voting Preferences is a shareholder proposal filed by James McRitchie at Goldman Sachs (GS). We want Goldman Sachs to advance democratic corporate governance, to be aware of and report on the reputational and financial risks it faces over a misalignment between the proxy votes it casts and its client’s values and preferences. […]
Goldman Sachs 2023 Pay Equity is just one of several issues to be voted on before the annual meeting at 8:30 am on April 26, 2023, in Dallas. Vote AGAINST Michele Burns, Kimberley Harris, Kevin Johnson, Ellen Kullman, Lakshmi Mittal, Adebayo Ogunlesi, David Solomon, Exec Pay, Auditor, #7; FOR all other shareholder proposals, including #12 […]
A Gender Pay Scorecard released by Arjuna Capital f0r Equal Pay Day finds only Citigroup earning an “A” grade, while 23 of 46 large companies evaluated got failing grades of “F.” (more…)
Goldman Sachs (GS) operates as an investment banking, securities, and investment management company worldwide. Most shareholders do not vote because reading through 100+ pages of the proxy is not worth the time for the small difference your vote will make. Below, I tell you how voted and why. If you have read these posts related to my portfolio for […]
The Goldman Sachs Group Inc (NYSE:GS, $GS) is a bank holding company and a financial holding company. The annual meeting of Goldman Sachs is coming up on May 20, 2016. ProxyDemocracy.org had collected the votes of two fund families when I checked. Vote AGAINST pay, compensation committee; FOR all shareholder proposals. I voted with the Board’s recommendations 50% of […]
I recently received an email from the AFL-CIO Reserve Fund urging a vote in favor (“FOR”) their shareholder resolutions asking Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), and Morgan Stanley (MS) to issue a report to shareholders disclosing the dollar amounts of government service golden parachutes – pay their senior executives will receive if they voluntarily […]
TIAA-CREF, the $569 billion financial services provider, appointed Bess Joffe as managing director of corporate governance, effective August 4. She will report to Jonathan Feigelson, senior managing director, general counsel and head of corporate governance, and will be based in London. Joffe will help lead TIAA-Cref’s corporate governance program and policies, including active ownership, public advocacy, thought leadership […]
Goldman Sachs ($GS) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/23/2013. ProxyDemocracy.org had collected the votes of two funds when I checked on 5/15/2013. I’ll check back and may post again on GS before the voting deadline, depending on developments. I voted with management 26% of the time. View Proxy Statement. Warning: Be sure […]
Re opposition to John Harrington’s proxy access proposal at Bank of America ($BAC), based on language that I helped develop. For background, see Bank of America (BAC) Faces Proxy Access on May 8th. I hope opponents will reconsider. From one analysis recommending a vote against: While this amount ($660 million) is significant in absolute terms, shareholders may have […]
On March 26, 2012, SEC staff issued their decision on a request by iRobot (IRBT) to exclude my proxy access proposal from their proxy. Although similar proposals had survived no-action requests last year, IRB management held out hopes that small changes made in the proposal might have made the proposal “vague” under rule 14a-8(1)(3) or “ordinary […]
This is Part 2 of a post which started out reviewing the important thesis outlined in The Agency Costs of Agency Capitalism: Activist Investors and the Revaluation of Governance Rights by Ronald J. Gilson and Jeffrey N. Gordon (January 1, 2013). See Agency Capitalism: Corrective Measures Part 1 and Part 3. Current law encourages mindless indexing of portfolios and voting like lemmings […]
Goldman Sachs has come under fire for placing its interests above those of clients, lack of transparency and insensitivity regarding its compensation practices. Goldman has been the target of numerous investigations, enforcement actions and private litigation. Key governance flaws include executive compensation and business practices that create financial and reputational risks. (more…)
Goldman Sachs ($GS) is one of the stocks in my portfolio. Their annual meeting is coming up on 5/24/2012. Voting ends 5/23 on Moxy Vote’s proxy voting platform, which had 13 recommendations “from good causes,” but five are actually consolidations, when I checked and voted on 5/21. ProxyDemocracy.org had funds voting. I voted with management 13% of the time. (more…)
Of the 16 proxy access proposals filed by proponents in 2012 and listed on the ISS Checklist, eight are being challenged at the SEC. Ferro, Hewlett-Packard, Nabors Industries, CME Group, Pioneer Natural Resources, Staples and Charles Schwab have not sought no-action relief from proposals at the commission, according to data from ISS. Conversely, Bank of […]
Goldman Sachs “is being run for the benefit of employees rather than shareholders,” according to attorney John Harnes on behalf of Southeastern Pennsylvania Transportation Authority, a shareowner. The company has lost $50 billion in market value since 1999 but set aside $8.44 billion for the company’s compensation pool in the first six months of this […]
Goldman Sachs is one of the stocks in my portfolio. Their annual meeting is coming up May 6. Today is the last day to vote my proxy on the MoxyVote.com platform. ProxyDemocracy.org had only two funds voting when I looked yesterday, CalPERS and CBIS. MoxyVote.com had sixteen recommendations, although several were from voting consolidations for categories. There is […]