April 15, 2010
The Treasury select committee's new report Women in the City calls on the UK's financial institutions to have more female representation on their boards.
The group of (now former) MPs argued that having more women at senior levels would have made the banking crisis less likely as they would have challenged some executive decisions.
The committee said a culture change was required and hinted that compulsory measures could be introduced in future if there was a lack of progress.
A quick check finds that the committee is made up of 14 members - 13 white men and one woman. Not exactly banging the drum for diversity are they?
While Guru is no fan of the big banks, the words "stones" and "glass houses" spring to mind.
The group of (now former) MPs argued that having more women at senior levels would have made the banking crisis less likely as they would have challenged some executive decisions.
The committee said a culture change was required and hinted that compulsory measures could be introduced in future if there was a lack of progress.
A quick check finds that the committee is made up of 14 members - 13 white men and one woman. Not exactly banging the drum for diversity are they?
While Guru is no fan of the big banks, the words "stones" and "glass houses" spring to mind.
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