Goldman Sachs has reportedly scrapped its DEI criteria for board appointments, a year after removing diversity goals for its workforce. This move, echoing trends among other companies due to federal crackdowns and lawsuits, comes despite a widespread belief among CEOs that diverse teams perform better. The article discusses how while companies may continue DEI efforts privately, publicly their stance is shifting, and questions the impact on boardroom diversity and leadership development.
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Goldman Sachs scraps DEI criteria for its board as business case for boardroom diversity grows
Goldman Sachs has reportedly scrapped its DEI criteria for board appointments, a year after removing diversity goals for its workforce. This move, echoing trends among other companies due to federal crackdowns and lawsuits, comes despite a widespread belief among CEOs that diverse teams perform better. The article discusses how while companies may continue DEI efforts privately, publicly their stance is shifting, and questions the impact on boardroom diversity and leadership development.