The article discusses recent changes in corporate America's approach to diversity, equity, and inclusion (DEI) initiatives, highlighting the reversal of commitments by major firms like Goldman Sachs and Disney. Goldman Sachs has scrapped its 2021 policy requiring IPO clients to include diverse board members, citing a federal court ruling against Nasdaq’s diversity requirements. Similarly, Disney's DEI efforts have shifted to align more closely with business objectives, leading to cuts in executive compensation evaluations related to DEI and the removal of content advisory disclaimers for older films.
DEI programs are feeling pretty excluded from Corporate America, with Goldman Sachs and Disney being the latest firms to pull back on these initiatives.
Goldman Sachs has reversed its 2021 policy that mandated IPO clients to have diverse board members, citing a federal appeals court ruling against Nasdaq.
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