The investment firm State Street, the company that commissioned the Fearless Girl statue that once faced down the Wall Street Charging Bull sculpture and became a symbol of gender diversity in the workplace, has quietly ended some of its diversity policies as US companies continue to retreat from diversity goals.
Last year in its proxy voting and engagement policy the company said that it expected companies in its index funds to have boards with at least 30% female directors. State Street warned that it might vote against the nominating committee or the board leader if a company failed to meet the expectation.
