An internal diversity guideline that prohibited Goldman Sachs from advising all-male, all-white boards on company flotations was abandoned since it was no longer necessary, according to the vice chair of the bank.
The investment bank had promised to assist a company in selling its stock on a stock exchange only provided it had two board members who met diversity standards, including a woman.
“That policy was put in place to try and drive a change in behavior, and I think that’s happened,” Richard Gnodde told the news.
He also stated in a lengthy interview that the UK government must move quickly to begin infrastructure projects.
In 2020, Goldman Sachs launched its board diversity program.
