Goldman Sachs CEO David Solomon says the investment bank won't take companies public unless they have at least one 'diverse' board member:
The real reason we should want diverse corporate boards is that all-male and all-white boards are a huge red flag for bias. With the diverse pool of talent available, the likelihood that an organization completed an unbiased search process and still randomly ended up with an all-male and all-white board is almost zero. In other words, if the corporate board is all male and all white, there is likely bias somewhere in the appointment process.
It’s not clear whether Goldman will have to turn away much business due to their new policy. The CEO suggested that Goldman could tap its own network should a client be in search of a diverse board member. But Goldman is highlighting the importance of diversity and holding those companies without diverse boards accountable. That’s how change happens.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs' new rule: At least 1 woman on the board or you can't go publicGoldman Sachs won't take companies public anymore unless they have at least one 'diverse' board member, the bank's CEO David Solomon said Thursday.
Read more »
Goldman Sachs to insist that companies it takes public have diverse boardsGoldman Sachs will not take companies public in the U.S. and Europe unless they have at least one “diverse” candidate on their board .
Read more »
Goldman Sachs Won’t Take Companies Public If They Have All-Male Corporate BoardsGoldman Sachs CEO David Solomon told CNBC that the investment bank wouldn’t take companies public unless the company had at least 1 “diverse” board member
Read more »
Goldman Sachs to companies: Hire at least one woman director if you want to go publicFrom June 30, Goldman Sachs Group Inc will only help take a company public if it...
Read more »
Goldman Sachs' CEO takes the subway, gets his own coffee and has a side hustle as a DJGoldman Sachs CEO David Solomon isn't your average investment bank chief or C-suite executive. Despite making $23 million a year, Solomon rides the New York City subway to work, gets his own coffee and has a side hustle as a DJ on weekends.
Read more »
The CEO Of Goldman Sachs Says The Bank Won’t Take Companies Public Unless There Is At Least One ‘Diverse’ Board MemberGoldman Sachs CEO David Solomon announced Thursday that the investment bank will only take companies public if they have at least one “diverse” board member, with a focus on women.
Read more »