February 18, 2026

Goldman Sachs to Drop D.E.I. Criteria for Board Members

NY Times - Goldman Sachs is taking another step away from the diversity mandates the Wall Street firm had long championed.

Goldman will no longer explicitly consider race, gender and sexual orientation when evaluating a potential board member at the firm, according to two people with knowledge of the bank’s decision who were unable to discuss it publicly because of the confidential nature of the move.

The decision is a result of a deal that Goldman struck with the National Legal and Policy Center, a conservative nonprofit group that has been pressuring numerous companies to drop diversity, equity and inclusion mandates, the people said.

The group recently announced similar deals with American Express and the equipment manufacturer Deere & Company.

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