- June 17, 2021
- Posted by: Stratford Team
- Category: Business
Daily Business Briefing
June 17, 2021Updated
June 18, 2021, 11:50 a.m. ET
June 18, 2021, 11:50 a.m. ETWomen say altering reward programs is one way for banks to address shortcomings in the male-dominated industry.Credit…Henry Nicholls/Reuters
This week, the European Central Bank proposed using gender diversity among criteria for approving board members at the banks it supervises. Such mandates are one lever for increasing representation of women in an industry still dominated by men.
Another lever — the focus of a recent qualitative study — is to change how banks distribute opportunities and rewards, the DealBook newsletter reports.
When women were asked by Women in Banking & Finance, a nonprofit group in London, to reflect on their careers, common complaints included that they were heard differently simply because they were women and that they were required to find an innovative niche to succeed in the finance industry. Men, on the other hand, were…
