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Goldman Sachs Axes Diversity Requirement For Company Boards—Here Are All The Companies Rolling Back DEI

Goldman Sachs will no longer require companies it takes public to have diverse members on their boards, reversing a policy from 2020 due to legal developments related to board diversity requirements.
Disney is changing its Diversity & Inclusion performance metric to focus more on business outcomes and is removing references to diversity in its older films.
Deloitte has instructed U.S. Employees to remove pronouns from email signatures and is rolling back its DEI goals, although its U.K. Branch continues to prioritize diversity.
Several companies, including Google, have rolled back their DEI programs in response to political pressure.

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The New York Ledger

Goldman Sachs will no longer ban companies with all White boards from IPO services

Goldman Sachs has lifted its ban on companies with all White or all male boards from receiving initial public offerings services, marking it one of the biggest Wall Street firms to do an about-face on DEI. The ban, first instituted in 2020, stipulated that the investment bank would not take a company public in the U.S. or Western Europe unless it had one non-White board member and one female board member.Goldman issued the ban as DEI swept much …

10 days ago·United States

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Bloomberg

Goldman Scrapping DEI in IPOs May Signal End of an Era

Jeff Green is a reporter for Bloomberg News’ Equality team. He covers topics ranging from diversity in the workplace to the battle over corporate policies. You can subscribe here, and share feedback here.

10 days ago·United States

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NBC San Diego

Growing number of companies quietly ditching DEI initiatives

DEI policies typically are intended to root out systemic barriers to the advancement of historically marginalized groups in certain fields or roles.

10 days ago·San Diego, United States

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Fortune

From Google to Goldman Sachs, here are the top U.S. companies backtracking on diversity initiatives after capitulating to Trump's war on DEI

Corporate America embraced diversity, equity and inclusion initiatives following the protests that accompanied the police killing of George Floyd in 2020.

10 days ago·New York, United States

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BBC News

Goldman Sachs axes diversity rule that has 'served its purpose'

The bank ditches a policy that stopped it acting on flotations for firms with an all male, all white board.

11 days ago·United Kingdom

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Forbes

Goldman Sachs Axes Diversity Requirement For Company Boards—Here Are All The Companies Rolling Back DEI

Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

11 days ago·United States

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