U.S. Banker: Women make up over 50% of the labor force in the financial industry, but only 16.8 percent of executive officers, and only 16.4% of board members. Companies are working to raise those numbers, as the U.S. lags behind some countries.
"Call it the "glass ceiling" or the 'boys' club' or some other euphemism, but there is no denying that women in corporate America are not proportionately represented in either the C-suite or the boardroom.
In the financial services industry, women make up 55.6 percent of the labor force, but only 16.8 percent of executive officers, according to the New York nonprofit group Catalyst. In the boardroom, that percentage drops to 16.4 percent, and at the chief executive level it falls to 2.5 percent. The good news is that in corporate America in general and in the financial services industry in particular, the role played by women at the highest levels of corporations continues to expand.
'Boards now are looking at diversity in a number of ways—gender, regional generational, ethnic. In addition, there are more seats open because sitting CEOs are now often asked by their own boards not to serve on more than one outside board.'"