Proxy Statement - Goldman Sachs

Apr 10, 2015 - 35% of our shares outstanding, in New York, Boston, Sacramento, San ... board of Goldman Sachs International, a subsidiary of the firm. ...... of Common Stock equal to 6x his base salary for so long as he remains an SEO.
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The Goldman Sachs Group, Inc.

Proxy Statement 2015 Annual Meeting of Shareholders

The Goldman Sachs Group, Inc.

Notice of 2015 Annual Meeting of Shareholders Time and Date

8:30 a.m., local time, on Thursday, May 21, 2015

Place

Goldman Sachs offices located at 555 California Street, San Francisco, California 94104

Items of Business

Record Date



Election to our Board of Directors of the 13 director nominees named in the attached Proxy Statement for a one-year term



An advisory vote to approve executive compensation (say on pay)



Approval of The Goldman Sachs Amended and Restated Stock Incentive Plan (2015)



Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2015



Consideration of shareholder proposals, if properly presented by the relevant shareholder proponents



Transaction of such other business as may properly come before our 2015 Annual Meeting of Shareholders

The record date for the determination of the shareholders entitled to vote at our 2015 Annual Meeting of Shareholders, or any adjournments or postponements thereof, was the close of business on March 23, 2015.

Important Notice Regarding the Availability of Proxy Materials for our Annual Meeting to be held on May 21, 2015. Our Proxy Statement, 2014 Annual Report to Shareholders and other materials are available on our website at www.gs.com/proxymaterials.

By Order of the Board of Directors,

Beverly L. O’Toole Assistant Secretary April 10, 2015 Your vote is important to us. Please exercise your shareholder right to vote. By April 10, 2015, we will have sent to certain of our shareholders a Notice of Internet Availability of Proxy Materials (Notice). The Notice includes instructions on how to access our Proxy Statement and 2014 Annual Report to Shareholders and vote online. Shareholders who do not receive the Notice will continue to receive either a paper or an electronic copy of our proxy materials, which will be sent on or about April 14, 2015. For more information, see Frequently Asked Questions.

Table of Contents Letter from our Chairman and CEO . . . . . . . . . . . . . .

ii

Letter from our Lead Director . . . . . . . . . . . . . . . . . . . iii Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2015 Annual Meeting Information . . . . . . . . . . . . . . . . .

1

Matters to be Voted on at our 2015 Annual Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

Performance Highlights . . . . . . . . . . . . . . . . . . . . . . . . .

2

Compensation Highlights . . . . . . . . . . . . . . . . . . . . . . . .

4

2015 Stock Incentive Plan Highlights . . . . . . . . . . . . . .

8

Corporate Governance Highlights . . . . . . . . . . . . . . . . . 10

Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . 14 Item 1. Election of Directors . . . . . . . . . . . . . . . . . . . . . . 14 Our Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Independence of Directors . . . . . . . . . . . . . . . . . . . . . 23 Structure of our Board and Governance Practices . . . Our Board Committees . . . . . . . . . . . . . . . . . . . . . . . . Board Leadership Structure . . . . . . . . . . . . . . . . . . . . Year-Round Review of Board Composition . . . . . . . . Board and Committee Evaluations . . . . . . . . . . . . . . .

24 24 27 29 30

Board Oversight of our Firm . . . . . . . . . . . . . . . . . . . . . 31 Key Areas of Board Oversight . . . . . . . . . . . . . . . . . . 31 Commitment of our Board – 2014 Meetings