Goldman Sachs Won’t Take Companies Public If They Have All-Male Corporate Boards

By Kim Elsesser, Forbes

Goldman Sachs CEO David Solomon told CNBC that the investment bank wouldn’t take companies public unless the company had at least one “diverse” board member. Although he didn’t define exactly what he meant by diverse, he said the focus was on women.

“Starting on July 1 in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Solomon told CNBC from the World Economic Forum. He added, “And we’re going to move towards 2021 requesting two.”

Read more here.

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