Goldman won’t take companies public without ‘at least one diverse board candidate,’ CEO says

Investing

David Solomon, Goldman Sachs

Adam Galica | CNBC

Goldman Sachs CEO David Solomon told CNBC on Thursday that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member.  

“Starting on July 1st in the US 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 said on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland “And we’re going to move towards 2021 requesting two,” he added. 

Solomon has been at the helm of the New York-based bank since October 2018. He is expected to reveal a series of multi-year financial targets at the company’s first ever investor day later this month.

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Jim Cramer says groups of stocks are ‘too toxic to touch’ after Dow tanks 1,000 points
Mnuchin says Congress key hurdle to Europe’s digital tax demands
Harbingers of an easier tax season?
What is a Retirement Plan Withdrawal Penalty: 7 Things You Need to Know
Charlie Munger: Investment Philosophy, Value Investing and China (2018, Audio Only)

Leave a Reply

Your email address will not be published. Required fields are marked *