Those with at least one diverse board member saw a 44 per cent jump in their average share price within a year of going public, versus 13 per cent at companies with no diverse board members.
Goldman Sachs 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. 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.