Goldman Sachs Group Inc. shareholders Friday voted 83% to ratify the pay package of Lloyd C. Blankfein, chairman and CEO, and four other top executives, according to a statement from the company after its annual meeting.
In addition, all directors were re-elected to the company's board with “strong majorities” of shareholder votes, the statement said.
The $179.5 billion Florida State Board of Administration and proxy advisory firm Glass Lewis & Co. opposed the re-election of James A. Johnson, an independent director.
The C$201.5 billion ($185.1 billion) Canada Pension Plan Investment Board, Toronto, voted in favor of the executive pay and all the directors.
Institutional Shareholder Services and Egan-Jones Proxy Services also recommended clients support the executive pay and all directors.
A shareholder proposal calling for shareholder access to corporate proxy materials to nominate directors was rejected, with only 3% of the vote in favor.
All the pension funds and the proxy-voting advisory firms opposed the access proposal.
Goldman Sachs didn't provide tallies of all voting.
The pension fund voting is based on their proxy-voting disclosures.