Posts Tagged Financial Institutions

Boardroom Diversity Could Have Averted Financial Crisis

More roles for women on the boards of UK financial institutions could have made the banking crisis less likely, according to a new report — Women in the City published by the House of Common’s Treasury Select Committee. The committee found that a lack of female representation in the boardroom has led to a dangerous culture of ‘group-think’, which makes scrutiny of executive decisions less effective as research has shown that people from the same background and similar experience are less likely to challenge each other. The select committee also pointed out that the finance sector currently fails to utilise […]

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