Cathay Financial Says It’s Struggling to Find Women Directors
- One woman, 12 men on board of Taiwan’s biggest financial group
- Company president says he’s looked for ideal female candidates
Photographer: Maurice Tsai/Bloomberg
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In a wide-ranging conversation about Cathay Financial Holding Co.’s environmental and social commitments, the president of Taiwan’s largest financial company offered an explanation for the gender imbalance on its own board of directors: He can’t find any women who qualify.
Of Cathay’s 13 board seats, only one is held by a woman, a ratio that puts the company in the bottom quartile of its Asian peers. On average, roughly 15.5% of board seats at financial firms in the region are held by women, according to Bloomberg data.