Goldman’s board kills DEI — and that’s not a terrible thing

The board of Goldman Sachs recently updated its governance policy, removing formal DEI criteria from director selection. Other major banks, including JPMorgan Chase, Wells Fargo, and Morgan Stanley, have made similar adjustments.

The headlines frame this as a retreat from diversity. A more important question is whether it creates space for a broader and more practical conversation about what kind of diversity boards actually need.

The original premise of diversity initiatives...