• Daily Crunch: Goldman Sachs calls for diverse boards

    8 monthes ago - By TechCrunch

    The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. If you'd like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here .
    1. Goldman Sachs says it won't take startups public without at least one ‘diverse' director; it should go further
    CEO David Solomon told CNBC that beginning this year, Goldman will no longer take companies public if they don't have at least one “diverse” member on its board of directors.
    Some will, perhaps rightly, see the announcement as little more than marketing. After all, it's already widely...
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  • Goldman Sachs' new board member diversity rule misses the mark

    Goldman Sachs' new board member diversity rule misses the mark

    8 monthes ago - By TechCrunch

    Goldman Sachs CEO David Solomon recently said the investment bank won't take companies public that don't have at least one board member from an underrepresented group. The main focus will be on female board members, he told CNBC, because companies that have gone public in the last four years with at least one woman on their board of directors performed “significantly better” than those without. The new rule is set to go into effect in the U.S. and Europe on July 1.
    While the move is significant, what Solomon and Goldman are doing is not a novel idea, nor is it the best version of an...
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