Goldman to stop financing IPOs for companies with only white male boardmembers

TheHill | 1/23/2020 | Sylvan Lane
j.moominj.moomin (Posted by) Level 3
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Goldman Sachs CEO David Solomon said Thursday that the powerful investment bank will only finance initial public offerings (IPOs) for companies that have at least one nonwhite male board member.

Solomon said during a Thursday interview with CNBC that as of July 1 in the U.S. and Europe, Goldman “is not going to take a company public unless there is at least one diverse board candidate, with a focus on women.”

Diversity - Boards - Issue - Ways - Solomon

“Diversity on boards is a very very important issue, and we've been very very focused on it and so we're trying to find ways to encourage that,” Solomon told CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switzerland.

“This is a small step, but...
(Excerpt) Read more at: TheHill
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