Goldman Sachs Drops Its Board Diversity Requirement for IPOs
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Goldman Sachs
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins88% CONFIDENCEOverall confidence: 88%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterLaw360[1], published February 11, 2025: "The Goldman Sachs Group Inc. said Tuesday that it's ending a pledge to only take companies public" with diverse boards.
Goldman Sachs ended its policy of taking companies public in the US and Western Europe only if they had at least two diverse board members, one of them a woman, citing legal developments after Nasdaq's diversity rule was struck down.