Goldman Sachs has ended a ban on underwriting companies with all-White, all-male boards, becoming the latest corporate giant to scale back a DEI initiative.

Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

Goldman Sachs introduced its diversity policy on boards in 2020, initially mandating that companies who wanted to float had to have one diverse member, before increasing it to two people.

Goldman Sachs have become the latest company to scrap their diversity programmes following the Trump administration’s signing of an executive order which was aimed at ending "radical and wasteful government DEI [diversity,

Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the bank said on Tuesday, in the latest such move by corporations expecting greater scrutiny on social policies from U.