Goldman Sachs shareholders face voting on board-sponsored corporate governance proposals calling for an end to the company’s 80% supermajority voting requirement and allowing 25% of shareholders to call for a special meeting, according to its proxy statement.
Also, a board-sponsored non-binding proposal asks shareholders to approve the company’s executive compensation.
In addition, shareholders filed seven proposals, including one sponsored by Christian Brothers Investment Services calling for separation of the CEO and chairman positions.
Other shareholder proposals call for placing collateral for over-the-counter derivatives into segregated separate accounts; a report on the costs and advantages of the company’s global-warming policies; a report on the disparity of pay between the company’s executives and other employees; requiring executives to hold for three years 75% of the company shares they receive in compensation programs to promote long-term performance; and cumulative voting for directors.
Domini Social Investments sponsored a proposal calling for a report on the company’s political contributions.
Goldman Sachs opposes all the shareholder proposals, according to the proxy statement.
The company’s annual meeting is Friday.
