Bofa Scraps Diversity Goals for Hiring and Interviewing Candidates
Bank of America has dropped references to its diversity hiring goals and a rule requiring hiring managers to consider a diverse group of candidates, according to an annual filing on Tuesday. The changes depart from policies laid out in the bank's proxy statement last year. Several businesses have softened their stance on diversity, equity and inclusion since Trump took office.
- This shift in policy may be a reflection of the industry's broader struggle to balance competitiveness with social responsibility, potentially forcing companies to reevaluate their commitment to DEI initiatives.
- What role will regulatory agencies play in enforcing and policing diversity standards for corporations, particularly in industries where hiring decisions are often made behind closed doors?