Global investment bank Goldman Sachs has become the latest major corporation to scale back its diversity, equity, and inclusion (DEI) efforts, joining a growing trend of companies reassessing such programs in response to legal and political pressures.
According to a company spokesman, Goldman Sachs has dropped its requirement for IPO clients to include women and minority group members on their boards.
“As a result of legal developments related to board diversity requirements, we ended our formal board diversity policy,” the spokesman wrote in an emailed statement. “We continue to believe that successful boards benefit from diverse backgrounds and perspectives, and we will encourage them to take this approach.”…