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Goldman to Refuse IPOs If All Directors Are White, Straight Men

The bank is the latest firm to eschew a lack of diversity in corporate governance.

Bloomberg business news
Goldman to Refuse IPOs to Non-Diverse Boards
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The era of the white, all-male board is coming to an end.

Goldman Sachs Group Inc. Chief Executive Officer David Solomon issued the latest ultimatum Thursday from Davos. Wall Street's biggest underwriter of initial public offerings in the U.S. will no longer take a company public in the U.S. and Europe if it lacks a director who is either female or diverse. Asia is not yet included in the firm’s new policy.