EBA - Report on diversity practices and the gender pay gap at the level of the management body
The European Banking Authority (EBA) published its Report on diversity practices and the gender pay gap at the level of the management body.
The data gathered and analysed for this exercise comes from a representative sample of credit institutions and investment firms made of 662 credit institutions and 129 investment firms selected by national competent authorities of all Member States of the European Union and Lichtenstein and Iceland on the basis of common criteria set out by the EBA. The analysis revealed that:
-Already 27.75% of non-executive directorships are held by women
-Only 18.05% of executive directors are female
-Gender balance in Northern and Eastern Europe is generally better than in other parts of the EU
-27.05% of institutions still lack the mandatory diversity policy
-A clear positive correlation between gender balance and Return on Equity (RoE) exists
-Women earn on average 9.48% less than male executive directors and 5.90% less than male non-executive directors
