BloombergAs Goldman Sachs Group Inc moves to increase diversity on corporate boards, the investment bank is not extending the initiative to a particularly challenged region: Asia. A Goldman spokeswoman said that the bank will consider implementing the plan in Asia and other regions over time after consulting with its clients, as diversity awareness improves in those areas. Public companies with all-male boards based in California now face a US$100,000 fine under a new state law. It had a more modest market share in Asia, coming in 19th, according to Bloomberg league tables. Goldman was an adviser on 86 IPOs last year, ranking sixth globally among underwriters.
