Goldman Sachs Latest in Retreat From DEI Initiatives

Goldman Sachs Latest in Retreat From DEI Initiatives
The Goldman Sachs logo on at the New York Stock Exchange in New York on Sept. 13, 2022. Michael M. Santiago/Getty Images
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Global investment bank Goldman Sachs has become the latest major corporation to scale back its diversity, equity, and inclusion (DEI) efforts, joining a growing trend of companies reassessing such programs in response to legal and political pressures.

According to a company spokesman, Goldman Sachs has dropped its requirement for IPO clients to include women and minority group members on their boards.