For three years NLPC has called for @GoldmanSachs to curb the power of Chairman/CEO David Solomon; finally @issgovernance and @GlassLewis agree with us (#WeToldYouSo) #GoldmanSachs #investing #WallStreet #EDM pic.twitter.com/HdDN6gOcXw
— NLPC (@NLPC) April 16, 2024
NLPC will present a shareholder proposal on April 24 at the annual meeting of Goldman Sachs in Salt Lake City, which calls upon the company to divide the responsibilities of the Chairman and CEO between two executives. Both roles are presently held by David Solomon.
This is the third year in a row for the proposal at the investment bank. NLPC filed the same proposal last year and it received roughly 16 percent support, as did a similar proposal we sponsored in 2022.
Last month NLPC filed a proxy memo with the Securities and Exchange Commission that highlights Mr. Solomon’s leadership shortcomings in detail and provides rationale for separating his dual-role.
Earlier this month the world’s two largest proxy advisory services, ISS and Glass Lewis, announced their support for NLPC’s proposal at Goldman Sachs.
