Written by Jenn Day | Apr 25, 2024 9:06:16 PM
Read the ABA Banking Journal article here.
Here is a brief summary:
- Women make up more than half of the banking industry’s total employees, but only 7.5% hold the CEO title.
- Lack of diversity in leadership positions in banking organizations means missed opportunities.
- Companies with greater leadership diversity are more innovative and profitable.
- Commitment to diversity should start with the bank’s board of directors.
- A board that maintains an equal balance between men and women is critical for women to advance into the C-suite.
- Women tend to underestimate their abilities, while men overestimate them, creating a “confidence gap.”