Overview
- Reports say the governance committee will strike the “other demographics” list—covering race, gender identity, ethnicity and sexual orientation—while continuing to weigh viewpoints, background and military service.
- People familiar with the matter say the board is expected to approve revised language this month ahead of the spring shareholder meeting.
- Goldman informed the NLPC of the planned change, and the conservative activist shareholder with a small stake withdrew its proposal; the bank declined to comment.
- The move extends recent reversals, including dropping an IPO policy that pressed clients to have diverse boards and retooling the One Million Black Women initiative to remove explicit racial references.
- Coverage places the decision within a broader corporate pullback under heightened legal and regulatory scrutiny during the Trump administration.