Courtesy of Proxy Analytics alerts, Goldman Sachs Asset Management posted its 2023 global proxy voting guidelines. Substantive changes to the Americas-focused guidelines include GSAM’s general support for officer and director exculpation-related charter amendments (page 5), management proposals on equity compensation plans (page 10), and say-on-pay (subject to a multitude of pay practices that may weigh against GSAM’s support) (page 10), and general opposition to multi-class share structures (as well as classified boards) (page 8). In addition, GSAM added the key factors of materiality and the proposal proponent to the considerations that it will evaluate on E&S shareholder proposals (page 15).
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