US EditionGoldman Sachs plans to drop DEI from board-candidate criteria, WSJ reports
Goldman Sachs plans to drop diversity, equity, and inclusion criteria amid industry DEI rollbacks and legal challenges; DEI shareholder support in the US dropped to 8%, Bloomberg Intelligence reported.
- This month Goldman Sachs plans to remove DEI criteria from its board recruitment process, with its board of five women and nine men expected to approve the change, the Wall Street Journal reported.
- Following a September request from the U.S. National Legal and Policy Center, a federal appeals court on Feb. 6 rejected a challenge to the ban on DEI programs, which Abigail Jackson called 'big win'.
- Earlier proxy statements showed that Goldman Sachs listed race, gender identity, and sexual orientation among factors for nominating directors, while last year the bank dropped diversity targets from a regulatory filing and abandoned an IPO pledge.
- Goldman declined to comment through a Hong Kong spokesperson, while the WSJ reported that rollbacks at Citigroup and Bank of America mirror this development.
- The statistic on shareholder votes highlights a wider retreat across Wall Street banks broadly, as Bloomberg Intelligence found support for DEI proposals fell to 8 percent last year, down from 14 percent.
34 Articles
34 Articles
Goldman Sachs Plans To Remove Diversity Criteria From Board Selection Process: Report - Goldman Sachs Group (NYSE:GS)
Goldman Sachs Inc. (NYSE:GS) is reportedly planning to remove diversity criteria from the selection process for its board members. Activist Pressure Drives Goldman’s Board Overhaul The Wall Street Journal, citing sources, reported that Goldman Sachs is set to eliminate factors such as race, gender identity, sexual orientation, and other diversity considerations from its board’s selection criteria. The decision is expected to be approved by the b…
Goldman Sachs Won't Use DEI Criteria for Board Picks
Goldman Sachs will not use any DEI factors when deciding picks for its board. Goldman Sachs used the usual DEI criteria, such as race, sex, and sexual orientation. The financial giant also uses "viewpoints, background, work, and military service" when deciding who should join the board. The move comes after Kathy Ruemmler, a top lawyer
The US bank Goldman Sachs is weighing to dispense with the criteria of diversity, equity and inclusion (DEI) - qualified as part of the...
Goldman Sachs Reportedly Plans To Axe DEI Criteria For Board Members
by Ireland Owens at CDN - Goldman Sachs is planning to eliminate diversity, equity and inclusion (DEI) criteria for its board of directors when identifying prospective candidates, according to The Wall Street Journal (WSJ). The major investment bank is planning the change in the aftermath of a September 2025 request from the National Legal and Policy Center (NLPC), a conservative nonprofit … Click to read the rest HERE-> Goldman Sachs Reportedly…
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