By Isla Binnie and Saeed Azhar
(Reuters) -Goldman Sachs canceled a four -year policy to take only public companies which had two members of the various board of directors, a spokesman for the bank said on Tuesday, in the last decision of these companies S ‘Waiting for a more in -depth examination on social policies from us President Donald Trump.
“Due to the legal developments linked to the requirements for the diversity of the councils, we have ended our official diversity policy of the board of directors,” said Goldman Sachs spokesman Tony Fratto.
“We continue to believe that successful advice benefit from various horizons and perspectives, and we will encourage them to adopt this approach,” added Fratto.
Since its entry into office on January 20, Trump has published a series of decrees aimed at dismantling the diversity, equity and inclusion programs in the federal government and the private sector.
Goldman is a heavyweight on the stock markets, the part of the investment bank which is starting to sell stocks in companies previously deprived of the public, a traditional way of unlocking new funding for growing businesses.
Another rule that had tried to impose the diversity of the council explain why they did not do so.
Goldman de Dei’s policy has existed since 2020, when she announced that she would only take to a company in the United States or Western Europe only if at least one of its directors of the Board of Directors counted as various, Generally understood as coming from a demography historically underrepresented in America of companies.
In 2021, he raised this to two various members of the board of directors, one of which was to be a woman.
The evolution towards the diversity of the conference room slowed in the United States before Trump took power, as a conservative reaction against Dei’s policies in the workplace undergoing the enthusiasm that rose after the murder of George Floyd in 2020.
Several large companies had made marginal progress increasing the representation of women in management even if policies to do so were in place, a Reuters review of disclosure found.
(Report by Saeed Azhar and Isla Binnie in New York and Manya Saini in Bengaluru; edition by Arun Koyyur Nad Mark Porter)
