At banks large and small, women hold more than half of the entry level positions. As one’s gaze turns toward the C-Suite, however, women are increasingly hard to find. This is changing across the industry, albeit slowly.
Studies show that gender diversity at the top delivers benefits, and not just culturally. Research by McKinsey has shown that companies in the top quartile for gender diversity on executive teams were 21 percent more likely to outperform on profitability and 27 percent more likely to demonstrate superior value creation.
Not only will a community bank benefit from increased diversity in its leadership ranks, your community banking association can benefit from the diverse perspectives offered when more women get involved in association leadership.
Read more in the summer edition of IMPACT magazine.