Is it time for female bank executive quotas?
Submitted by Mastodon on Wed, 2023-09-13 05:25
Article here. Excerpt:
'Female representation on the boards of European banks is increasing, but the gender balance of senior management is still lagging, DBRS Morningstar says.
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“Most of the banks that do not meet the upcoming EU threshold are in Greece, Italy, Germany and Spain,” it said, adding that Spain and Italy have both recently passed national quotas requiring companies to have at least 40% female representation at board level by 2024 and 2026, respectively.
These kinds of quotas could be expanded to senior executive positions, given that gender diversity at that level has barely improved in recent years, it suggested.'
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