About 80% of senior appointments in recent years were men
Image: Shutterstock Image: Shutterstock THE MINISTER FOR Finance has said the Central Bank may be forced to take action if there is no improvement in diversity in the senior posts at Irish banks.
The minister added that improving diversity in financial institutions can: “mitigate the risk of groupthink, improve decision-making, increase the effectiveness of internal challenge and enhance firm culture.” The Central Bank’s diversity and inclusion assessment looked at applicants and appointments to financial institutions that require its approvalIn the most senior roles the gap was even more stark, with women comprising just 12% of applicants to the boards of Irish financial institutions.
In the assessment, the authors noted a lack of diversity can lead to “the risk of over-confidence in decision-making” and a “reluctance to change”.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank customers charged twice when taking money out of Bank of Ireland ATMsThe issue appears to have been caused by a technical glitch.
Read more »
Central Bank says 35-45 year olds who bought homes in the boom will be most impacted if tracker rates riseThe Central Bank says 35-45 year olds who bought houses in the boom are 'highly indebted' and when tracker rates increase 'will find themselves more stretched'
Read more »
Farmer lodges proceedings against KBC Bank over Strokestown EvictionThe bank is one of a number of parties whom farmer David McGann has lodged proceedings against.
Read more »