Goldman Sachs' proposed retail investor voting instruction program bags SEC nod
Goldman Sachs has received SEC approval for a new retail investor voting instruction program. Under this 'Base Program', retail shareholders can default to having their votes cast in line with the board's recommendations. While investors receive proxy statements and annual reminders, they retain the right to opt out or override these standing instructions at any time. This initiative affects approximately 30% of Goldman's shares, coinciding with ongoing scrutiny regarding executive compensation.