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Cass University Researchers Discuss Why Longer-Term Market Performance of Acquirers With At Least One Female Board Member Is Significantly Better Than Acquirers With All-Male Boards

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Last month in Davos, Goldman Sachs CEO David Solomon announced that, beginning this summer, the firm would no longer take U.S. and European companies public unless they have at least one diverse board member. Moreover, the new policy emphasizes the inclusion of women. And, beginning in 2021, the bank will require at least two diverse members. Solomon went on to note that companies with such makeups tend to make better business decisions. Data supports this idea.