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Mark Gilbert

Finance Is Still Excluding Women

The industry has a long way to go to meet even its self-set targets.

The "Fearless Girl" sculpture looks towards the London Stock Exchange.

The "Fearless Girl" sculpture looks towards the London Stock Exchange.

Photographer: Luke MacGregor/Bloomberg via Getty Images

The second annual report on the Women in Finance Charter, an initiative sponsored by the U.K. Treasury to redress gender imbalance in the management ranks of financial firms, just landed. The good news is that there has been an improvement in the past year. The bad news is there’s still a long, long way to go before the industry meets even its self-set targets.

Of the 123 signatories to the charter, 45 percent had met their targets for female representation in senior management by the end of September, while 42 percent said they were on track to do so. But 10 percent reported that they weren’t likely to meet their targets, and the remaining 3 percent simply failed to provide data. Why sign up to a charter and then fail to report how you’re doing?