Goldman Gets a Big Endorsement for Its Executive-Pay Plan
This article is for subscribers only.
Goldman Sachs Group Inc. received an endorsement from Institutional Shareholder Services Inc. for the firm’s executive-pay plan after the proxy-advisory firm urged shareholders to vote against last year’s proposal.
ISS, whose guidance is used by institutional investors casting votes at annual meetings, reversed its recommendation partly because of the bank’s decision to eliminate a long-term cash incentive award, according to a report sent Tuesday to clients.