....two words previously not often found in the same sentence, but it seems there has been some big diversity news from Davos! Goldman Sachs is to be applauded for this - surely the other banks will follow this example.
Interesting to note that 4 out of 11 of Goldman Sachs’ board are female.
Interesting also that we are all still referring to female board members as "diverse". There’s still a long way to go, but every journey is composed of a series of steps and this feels like a substantial one.
Goldman Sachs CEO David Solomon announced Thursday that the investment bank will only take companies public if they have at least one “diverse” board member, with a focus on women. Solomon spoke to the benefit of having diverse perspectives on the Goldman Sachs board, four of the 11 board members are women, as well as what he’s seen in the industry overall. “I look back at IPOs over the last four years and the performance of IPOs where there’s been a woman on the board in the U.S. is significantly better than the performance of IPOs where there hasn’t been a woman on the board,”