Sector News

Why Women on Boards Does Not Equal Diversity

November 4, 2014
Diversity & Inclusion
Putting women on boards does not necessarily mean more women make it to the top of the executive tree, according to number crunching by New Financial, a London-based think tank.
 
It has collected data from 200 capital markets institutions, from hedge funds to exchanges and regulators across Europe to see how many women they employ at each level.
 
The figures will probably not surprise anyone working in the industry. While many companies have been able to find women to fill board seats in response to public pressure, their executive committees remain overwhelmingly male.
 
Investment bank boards, for example, are on average 22% female, but their executive committees are on average 8% female.
 
Regulatory bodies are male-dominated, the figures show, but they generally have better female representation at executive level than the firms they supervise.
 
Trade bodies, central banks and pension funds top the table for executive committee gender mix; firms at the cutting edge of risk-taking fare much less well.
 
Alongside investment banking, private-equity and hedge funds are the most male dominated, with top management teams (they don’t have boards and executive committees as such) that are more than 90% male.
 
So which capital markets institutions have the most women on their executive committees?
 
> Read the full article and view the top 15 (the bottom 15 are, sadly, not published in the report) on the Wall Street Journal blog.
 
By Juliet Samuel
 
Source: Wall Street Journal

comments closed

Related News

June 16, 2024

Why skills-first hiring alone may not improve diversity

Diversity & Inclusion

These efforts have potentially opened job opportunities for more than 80 million Americans without degrees, many of whom are people of color. However, hiring bias, race-based earnings disparities, and occupational segregation will not magically disappear with these new approaches to level the playing field for more candidates.

June 8, 2024

API women are only seen as workers, not leaders — and it has a huge impact on their pay

Diversity & Inclusion

For Asian professionals specifically, author Jane Hyun coined the term “bamboo ceiling” in her 2005 book, Breaking the Bamboo Ceiling: Career Strategies for Asians, to describe the racial biases that prevent qualified Asian people from breaking into leadership roles.

May 31, 2024

Is the push for Board diversity over?

Diversity & Inclusion

The number of women on S&P 500 boards soared from 23% in 2018 to 32% in 2023, and directors from racially and ethnically diverse groups grew from 20% in 2018 to 25% in 2023, according to research by the Conference Board. But if you look solely at data from 2022 to 2023, it’s clear that progress has slowed.

How can we help you?

We're easy to reach