BOSTON/LONDON - Goldman Sachs Group’s asset-management arm will pressure U.S. companies to appoint more women and members of under-represented groups to their boards, an executive said, but will stop short of setting specific numerical targets for racial and ethnic diversity as some activists urge.
After pushing companies in its investment portfolio to include at least one woman director since 2019, Goldman Sachs next year wants boards to have a second director from an under-represented background, Catherine Winner, head of stewardship efforts for the $1.8 trillion unit, said in an interview. Winner said Goldman stopped short of urging companies to add a racially or ethnically diverse director outright because of challenges around obtaining this information. Many companies do not disclose directors’ racial and ethnic make-up, and investors are wrestling with how to judge companies’ progress on diversity without such data.
Will they be in prison working remotely?
Are they going to Florida for lesser enforcement of their crimes?