Goldman Sachs (GS) is ending the pledge it made to refuse IPO business with companies that had all White, male boards, Bloomberg’s Sridhar Natarajan and Todd Gillespie report. Under Goldman’s policy which started in 2020, the bank would only take a company public in the U.S. or Western Europe if it included two diverse board members, one of whom must be a woman. “As a result of legal developments related to board diversity requirements, we ended our formal board diversity policy,” said Tony Fratto, a spokesperson for Goldman Sachs.
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