Quotas are not a box-ticking exercise at Goldman Sachs AM

"On a personal level, I started off not being very supportive of the idea of diversity quotas - I did not think it was necessary for most of my career and thought we would just eventually get there," Katie Koch, Goldman Sachs Asset Management's CIO for public market equities, told Investment Week. "At GSAM, we already had a diverse team and we got there without quotas." In December last year, GSAM updated its proxy voting policies to ensure that any S&P 500 or FTSE 100 company the firm invests in has at least two women on its board - unless the board has fewer than ten members or where l...