Goldman Investors Nix Anti-DEI Proposals on Pay, Racial Bias (1)

Goldman Sachs Group Inc. shareholders on Wednesday voted down plans for the investment bank to conduct a racial discrimination audit and revisit any diversity, equity, and inclusion goals in executive compensation.

The shareholder proposals from anti-DEI advocates the National Legal and Policy Center and National Center for Public Policy Research received about 2% support from Goldman investors, according to preliminary results announced at the firm’s annual meeting. Goldman had urged shareholders to vote against the proposals.

The National Legal and Policy Center pushed Goldman to “identify and consider eliminating discriminatory DEI goals from compensation inducements,” according to the group’s proposal, ...