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HomeBusinessGoldman Drops IPO Diversity Rule, Losing a Key Business Diversity Lever

Goldman Drops IPO Diversity Rule, Losing a Key Business Diversity Lever

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Diversity standards previously implemented by Goldman Sachs and Nasdaq, which were influential in promoting diversity, are no longer in effect. Goldman Sachs had established guidelines mandating diversity requirements for companies looking to go public, while Nasdaq had set similar requirements for companies listed on its exchange. These standards played a significant role in enhancing diversity within the business sector. However, these measures have recently been discontinued, signaling a shift away from these diversity-focused policies.

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