European banks promise more diversity, but only give top positions to men | NOW

Many major European banks have promised to hire more women in top positions, but they don’t. This is what emerges from an analysis by the press agency Bloomberg. When a vacancy becomes available at the top, lenders continue to choose men over women.

In the past two years, none of the 30 largest European banks has hired a woman as a director. During that time, nearly half of the top executives of large banks such as Barclays, HSBC and Santander were replaced.

According to market analyst researchers Morningstar, this is a bad thing. Because a high degree of diversity in the workplace can foster innovation and employee engagement.

In the Netherlands, a female quota has been in place for supervisory boards of listed companies since the beginning of this year. According to this quota, one third of the supervisory directors must be a woman (or, conversely, a man, if more women are employed).

As a result, more women than men have been appointed as supervisory directors of listed companies in the Netherlands for the first time this year.

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