Banking World’s ‘Old Boys’ Network’ Put on Notice in Europe
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Europe’s finance industry added more female directors last quarter than any other sector, helping to cement the region’s lead in boardroom gender equality.
More than a quarter of the increase in the number of women on European boards was driven by bank appointments in the three months through March, according to data compiled by Bloomberg. The development means that 37.3% of the directorships at Europe’s Stoxx 600 companies are now held by women, compared with just 31% at S&P 500 firms in the U.S.