Goldman Sachs has become the first Wall Street bank to declare it will not take companies public in the U.S. and Europe unless they have at least one “diverse” candidate on their board — but failed to include Asia, which has the worst record on gender diversity.
Goldman confirmed that the bank planned to expand the policy to other regions “over time,” adding that the majority of initial public offerings conducted by Goldman were in the U.S., Europe, the Middle East and Africa.MSCI said last December that of 126 companies in its MSCI World index with no female directors, 108 were Japanese and nine were Chinese- or Hong Kong-based. Of the remaining nine companies with all-male boards, five were based in the U.S.
Below management committee level, Solomon increased the proportion of women in the last rounds of partner and managing director promotions, as well as at graduate level.Ken Bertsch, head of the Council of Institutional Investors, which represents big pension funds in the U.S., welcomed Goldman’s new stance but said many investors wanted to ensure companies went beyond “tokenism.”
valeriacarddona Once again, they mean different skin colors, but all the people have exactly the same ideas. These leftists are the Borg.
Mexican Jamie dimon's here ? !!
GoldmanSachs why just IPOs? Why not every company, fund and government you bank?
Cos women and minorities are so poor at what they do that they need all the help they can get....poor things. How totally condescending.
Lol lol lol how about you stop financing deals that destroy companies and shed good jobs along the way. Goldman Sachs entire raison d’etre is to make more money for rich people, that’s their “product”. Nothing for the common good - all for the uncommonly rich people of the world
israelfirst israel
This is scary a bank telling you do it our way or the highway Also diversity is a dog whistle for racism against whites
All I see is a giant white head.
We need to get off this communist ideology of a quota system
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »