What is the real reason women are leaving careers in this industry? The ‘leaky pipeline’ has tangible, long-lasting consequences, but we are likely looking in the wrong places for causes and solutions.
Our new perspective piece, “A Misdiagnosis: The Finance Sector Talent Drain of Women” reframes this challenge, moving the conversation from individual ambition to organizational systems design.
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Gender parity
Research conducted for this report state that companies with women in strong leadership positions generate a return on equity of 10.1% per year vs. 7.4% without. The MSCI uses this business case to make the argument that quotas are necessary to reach the goal of 30% female representation in a timely manner.
Gender parity
In 2017, McKinsey & Company surveyed 233 companies in nine Western European countries to measure progress made towards equal gender representation. They found great interest in gender diversity, but lacklustre results. The report notes that bridging the gender gap in Europe could add USD 2 trillion to the GDP by 2025.
Gender parity
This Deloitte report provides a comprehensive look at both the global efforts made to increase board diversity, and the progress made to date. The research scans 6 continents, over 60 countries, and over 7,000 companies. Findings are divided by region and country, and include industry variations.
