Goals of Gender Balance
By Svetlana Borovkova (Head of Quantitative Modeling) and Pim Poppe (Managing Partner)
In June 2021, the ECB posted a consultation paper about the fit and proper assessments of banking board members, taking into account gender diversity. This places gender diversity in financial institutions’ boards firmly on the ECB agenda.
However, gender diversity is not stated as the primary goal but as means to prevent the so-called ‘groupthink’ and achieve a fairer representation of the society on the boards. This paper triggered a heated debate in our office last week, and so it seemed appropriate to touch upon this issue in our column.