Women on high-level boards of banks and insurance companies: Growth coming to a standstill on supervisory boards
The proportion of women on executive boards of the 100 largest banks stagnated at almost nine percent in 2018. In the 60 largest insurance companies, the proportion increased by a good percentage point to almost ten percent. While growth on executive boards has been weakening in past years, it is now slowing down on supervisory boards in the financial sector as well. In 2018, the proportion of women on financial sector supervisory boards remained at around 23 percent. If the current linear development were to continue, it would now take longer-almost until the beginning of the next century- for the top bodies to be composed of equal numbers of men and women. Compared to men, women in the financial sector are less likely to be promoted to senior management positions than in any other sector. This is due to, among other things, particularly inflexible working structures for managers, which ensure that women are hardly represented in middle management although they make up the majority of employees.
Year of publication: |
2019
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Authors: | Holst, Elke ; Wrohlich, Katharina |
Published in: |
DIW Weekly Report. - Berlin : Deutsches Institut für Wirtschaftsforschung (DIW), ISSN 2568-7697. - Vol. 9.2019, 3, p. 33-45
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Publisher: |
Berlin : Deutsches Institut für Wirtschaftsforschung (DIW) |
Subject: | board composition | board diversity | boards of directors | central banks | corporate boards | Europe | finance industry | financial sector | female directors | Gender gap | gender equality | gender quota | Germany | insurance companies | management | public and private banks | supervisory boards | women CEOs |
Saved in:
freely available
Type of publication: | Article |
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Type of publication (narrower categories): | Article |
Language: | English |
Other identifiers: | 10.18723/diw_dwr:2019-3-2 [DOI] 1047293315 [GVK] hdl:10419/191624 [Handle] |
Classification: | G2 - Financial Institutions and Services ; J16 - Economics of Gender ; J78 - Public Policy ; L32 - Public Enterprises ; M14 - Corporate Culture; Social Responsibility ; M51 - Firm Employment Decisions; Promotions (hiring, firing, turnover, part-time, temporary workers, seniority issues) |
Source: |
Persistent link: https://www.econbiz.de/10011960568