(ANSA) - ROME, 09 MAY - "The banking sector is still a world of men. Of the 361 appointments of CEOs made between 2020 and 2022 in banks directly supervised by the ECB and their subsidiaries, more than 300 were men" and in the same period "only 36% of the members of the newly appointed boards were women", according to FrankElderson and Elizabeth McCaul, members of the ECB's supervisory board, in an intervention on the Central Bank's blog.
The issue, they explain, is that boards that focus on diversity "make better business decisions" because "gender-balanced management encourages a wider range of views, opinions, experiences, perceptions, values and backgrounds. This is crucial to avoid groupthinking or herd mentality and can also be beneficial to the bank's strength." As supervisors, "it is our job to ensure that banks take steps to create the best conditions for making good decisions," they conclude. (ANSA).
ECB, 'the top of the banking industry is still a world of men'
5/9/2023, 1:56:28 PM
Highlights: Of the 361 appointments of CEOs made between 2020 and 2022 in banks directly supervised by the ECB and their subsidiaries, more than 300 were men. In the same period "only 36% of the members of the newly appointed boards were women", according to FrankElderson and Elizabeth McCaul. The issue, they explain, is that boards that focus on diversity "make better business decisions" "Gender-balanced management encourages a wider range of views, opinions, experiences, perceptions, values and backgrounds," they say.
"Banking is still a world of men. (ANSA)