This translation has been automatically generated and has not been verified for accuracy.From June 30, Goldman Sachs Group Inc 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.
Solomon did not define what the company meant by “diverse” candidates, but said the focus was on women.“We’re not going to take a company public unless there’s one diverse board candidate with a focus on women,” he said. “We think it’s the right advice and we’re in a position also because of our network to help our clients if they need help placing women on boards,” Solomon said on CNBC.
Ultimately, the bank will not take the company public if it does not meet this new standard, Solomon said.On Goldman’s own board, four out of 11 directors are women and its lead director since 2014, Adebayo Ogunlesi, is black.In March 2019, the bank set a goal that half of all new analysts and entry-level associates it hired would be women, 11 per cent would be black professionals and 14 per cent will be Latino professionals in the United States.
globebusiness An odious predatory big bank doing woke performance isn't progressive
globebusiness feminist tyranny is socialist tyranny which ironically(?) is abetted by value eroding virtue signals like Goldman Sachs .... most journalists are ignorant of the fact that feminism was invented by a white male socialists and that Rothschilds funded the murder of the Czar.