Goldman Kills IPO Diversity Pledge With US DEI Goals

The end of Goldman’s IPO diversity rule abandons one of the business world’s most powerful levers for diversity
In 2020, Goldman Sachs made a big splash by declaring the bank would refuse to take a company public if the business didn't have at least one board member considered "diverse" in some way—later upped to two.
Goldman Sachs ends IPO diversity policy citing legal developments
Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move by corporations expecting greater scrutiny on social policies from U.
Goldman Kills IPO Diversity Pledge With US DEI Goals Under Fire
Goldman Sachs Group Inc. is killing a significant pledge it made to refuse initial public offering business with companies that had all White, male boards.
Goldman Sachs Ends Diversity Board Push for IPOS
Goldman Sachs is ending its policy that mandated companies have a diverse board for the bank to take them public. The rule, a version of which was implemented in 2020, had said the bank would only underwrite the initial public offerings for companies in the U.
Why Goldman Sachs dropped its DEI requirement from IPOs
Goldman Sachs has ended its policy requiring IPO clients to have diverse boards, citing a legal ruling that ended a similar initiative at the Nasdaq.
Goldman Sachs drops IPO diversity requirement amid legal and political scrutiny
Goldman Sachs has dropped its IPO board diversity requirement due to legal challenges and political scrutiny, though it will continue encouraging diverse leadership, The Financial Times reports.
Goldman Sachs said to backtrack on diversity pledge for IPOs
Goldman Sachs (GS) is reportedly reversing its policy that barred companies with all-white, male boards from going public, dropping the diversity requirement it set in 2020.
Goldman Sachs ends IPO diversity pledge, Bloomberg reports
Goldman Sachs (GS) is ending the pledge it made to refuse IPO business with companies that had all White, male boards, Bloomberg’s Sridhar
Goldman Sachs abandons IPO board diversity pledge
Goldman Sachs has abandoned a pledge to only take public companies with a certain number of diverse board members, underscoring the increasingly harsh environment in the US around diversity programmes.
Goldman Sachs Abandons IPO Diversity Pledge With DEI Goals Under Fire
The pledge was made at a time when much of corporate America was swept up in the fervor to champion diversity.
Goldman Sachs ends IPO diversity policy as Trump cracks down on DEI
Goldman Sachs CEO David Solomon is scrapping a key DEI policy that banned the bank from doing IPOs for companies with white, all-male boards. It marks a major U-turn for Goldman amid a White House-led crackdown on what the Trump administration believes to be discriminatory hiring policies in the private sector.
Which US companies are pulling back on diversity initiatives?
A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that ...
IJR22h
Financial Titan Scrapping Policy That Said Company Wouldn’t Take Businesses Public That Had All White, Male Boards
Goldman Sachs Group Inc. is scrapping a pledge it made to refuse initial public offering (IPO) business from companies that ...