Finance Firms Falling Short on EU Board Gender Diversity Goals
- 31% of listed companies are below target for women directors
- EU’s requirements come into force in 2026, could lead to fines
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Nearly a third of European financial services firms are yet to meet the European Union’s gender diversity target in their boardrooms, and more men than women were hired as non-executives last year.
According to data from consultancy firm EY, 31% of listed firms in the industry have under 40% female board representation, with less than three years before the EU’s deadline to reach this threshold.