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Investing.com -- Goldman Sachs has made changes to its diversity initiatives, in response to recent developments in U.S. law, according to a statement from the Wall Street bank last Thursday.
The bank’s CEO, David Solomon, explained the reasoning behind the adjustments, stating, "We have made certain adjustments to reflect developments in the law in the U.S. We strongly believe that merit and diversity are not mutually exclusive." This statement suggests that the bank is adapting its policies to maintain a balance between merit-based advancement and diversity in its workforce.
The specifics of the changes to the diversity initiatives were not provided in the bank’s announcement. However, the move indicates Goldman Sachs’ commitment to adjusting its internal policies to align with evolving legal standards. This marks another instance where a major financial institution is responding to changes in the regulatory environment.
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