The Goldman Sachs Group (GS) investor relations material

Executive summary

• Annual Meeting scheduled for April 29, 2026, in Salt Lake City, with both in-person and webcast attendance options; record date is March 2, 2026.

• Key voting items: election of 13 directors, advisory vote on executive compensation (Say on Pay), ratification of PwC as auditor, and four shareholder proposals.

• 2025 performance highlights: $58.3bn net revenues (+9% YoY), 15.0% ROE, 16.0% ROTE, $51.32 EPS (+27% YoY), and 57% total shareholder return.

• Strategic focus on Global Banking & Markets and Asset & Wealth Management, with successful transitions and acquisitions supporting growth.

Voting matters and shareholder proposals

• Board recommends FOR all director nominees, FOR Say on Pay, FOR auditor ratification, and AGAINST all four shareholder proposals.

• Shareholder proposals include lowering the special meeting threshold, enhanced charitable giving reporting, annual energy supply ratio disclosure, and expanded lobbying disclosure.

• Board argues current governance and disclosures are sufficient and that additional requirements would not provide material new information.

Board of directors and corporate governance

• 13 director nominees, 11 of whom are independent; recent refreshment includes five new independent directors in the last five years.

• Board diversity: ~38% of nominees are diverse by race, gender, or sexual orientation; median tenure ~7.2 years.

• Board structure includes five standing committees and a Technology Risk Subcommittee; robust annual evaluations and succession planning.

• Lead Director role provides strong independent oversight, with extensive engagement and evaluation processes.