The law, which went into effect in 2020, required California-based companies to appoint directors from underrepresented communities.
Representation of women and people from underrepresented racial and ethnic groups increased significantly after 2020's pledges, data shows.
Corporate boards serve an advisory roles and make key decisions about the direction of a business.
The investment bank wants boards to include more people from chronically underrepresented groups.
"I think that this Goldman decision is symbolic of the strength of the business case and the belief people have in it," one expert said.
Despite his fondness for Cherry Coke and Oreos, Warren Buffett is fine. At 87, he’s still going strong. He also says he’s not going anywhere. Still, Buffett’s holding company, Berkshire Hathaway, has promoted two of its executives and put them on the board. That instantly makes them front-runners to succeed Buffett. With that, Berkshire gets […]
One tech industry leader wants to see investors get more involved.