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Goldman issues an ultimatum to drive corporate diversity

Goldman Sachs’s C.E.O., David Solomon, prompted chatter on Wall Street yesterday about his plan to require I.P.O. clients to have at least one “diverse” board candidate before the bank helped them list in the public markets.

• “We’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women,” Mr. Solomon told CNBC at the World Economic Forum in Davos.

• The mandate starts July 1 for U.S. and European clients, and starting next year, Goldman will require two diverse board members.