Goldman Sachs to companies: Hire at least one woman director if you want to go public

📆 23/01/2020 10:09 p. m.
📰 The Straits Times

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NEW YORK (REUTERS) - From June 30, Goldman Sachs Group will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, chief executive David Solomon said on CNBC on Thursday (Jan 23).. Read more at straitstimes.com.

NEW YORK - From June 30, Goldman Sachs Group will only help take a company public if it has at least one diverse board member, as such companies perform better after listing, chief executive David Solomon said on CNBC on Thursday .

"We're not going to take a company public unless there's one diverse board candidate with a focus on women," he said. Goldman will not turn away companies that lack diverse boards at the outset, and it said it currently has some clients that will need help meeting this new standard. The bank said it would introduce executives of these companies to qualified potential candidates.

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