Women Are Losing Out at ‘Alpha Male’ U.K. Banks, Panel Says
- Treasury Committee recommends more formulaic payout criteria
- Report into women in finance says culture damaging diversity
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U.K. lawmakers are calling for an overhaul of the way bankers’ bonuses are awarded to help women gain greater representation within the industry.
The perception that men argue more forcefully in bonus negotiations -- and thus secure higher rewards -- can deter women from working in financial services, according to a report by the parliamentary panel that scrutinizes the Treasury. It called for performance-related payouts to be assessed against “clearly objective and formulaic” criteria, to help tackle the “alpha male” culture.