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, equity, and inclusion] programs".

Goldman Sachs' vice chair has said the bank ditched an internal diversity rule that barred it from advising all male, all white boards on company flotations because it was no longer needed. The investment bank had pledged that it would only help a business sell its shares on a stock exchange if it had two board members that satisfied diversity requirements,

The vice chair of Goldman Sachs has announced the bank has axed a diversity rule which excludes white men. As a result of legal challenges and political scrutiny, the bank has dropped its IPO board diversity requirement entirely,