State Street installed the famous “Fearless Girl” statue as part of a campaign to increase gender diversity in business.

Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their commitments to diversity, equity and inclusion programs.

Boston-based State Street Global Advisors said it expected corporate boards to be comprised of at least 30 percent women or it may vote against the head of the companies’ nominating committees.

State Street's asset management unit on Friday dropped targets for the number of women and minority directors who should serve on corporate boards, according to new proxy voting guidance posted on its website.