Goldman Sachs to drop diversity criteria in board selections
One of the world's largest investment banks, Goldman Sachs, plans to stop considering diversity, equity, and inclusion (DEI) criteria when forming its board of directors, reports The Wall Street Journal. This means factors such as race, gender identity, ethnicity, and sexual orientation will no longer be part of the candidate selection process.
Currently, one of the bank's board selection factors includes a "general description of diversity," encompassing education, work experience, military service, and other demographic characteristics related to DEI. Goldman Sachs' move follows a broader trend among large American corporations, with companies like Ford, Lowe’s, John Deere, Harley-Davidson, Google, and Microsoft having already abandoned DEI-focused policies.
This development signals a shift in corporate governance approaches and may influence how other major players manage their boards in the near future.
