In any corporate environment, the team is much greater than the individual. Those that have better gender balance offer more cognitive diversity, which can lead to improved risk management and decision-making.
Given the overwhelming number of barriers women face in financial services, we can’t help but wonder, are we asking the wrong questions? What are the skills required to lead successful businesses in the future? Yes, we have to hire qualified people on merit and not on the basis of gender but are those currently in senior management positions there on merit, or as a result of hundreds of years of unconscious bias, privilege or because they were hired in the image of their predecessors?
In the current management teams of financial services companies, do we need more people with the same skills, or do we need something a little different, more progressive and, if so, are we looking in the right places, if at all?
Amra Balic, Managing Director EMEA and Head, BlackRock Investment Stewardship will initiate the debate.