Goldman Sachs shareholders overwhelmingly voted against two anti-diversity, equity, and inclusion (DEI) proposals at the firm’s annual meeting, with each proposal receiving just 2% support. The proposals, put forward by the National Center for Public Policy Research (NCPPR), sought to dismantle DEI initiatives, including executive compensation incentives tied to diversity goals and an audit of the bank’s diversity-related programs.
“We believe that diversity, including diversity of thought, experience and perspectives, is important to our commercial success,” said the Goldman Sachs board in its proxy recommendation.
This decisive rejection aligns with broader corporate resistance to anti-DEI efforts, with similar proposals recently rejected by shareholders at companies such as Apple, Costco, and Disney. Despite increased scrutiny and shifting legal requirements, Goldman Sachs emphasized its ongoing commitment to diversity, acknowledging adjustments in response to evolving U.S. legal landscapes but reaffirming that the company remains dedicated to fostering an inclusive organization.
