The world would benefit when women are counted and heard

Erwin Oropesa

Women are an incredible influence on their families and communities, but their role does not end there since their economic participation is also an important driver of growth and development. Closing this gender gap for the markets could add trillions of dollars to global productivity, according to the International Labor Organization. From competition to profitability, gender diversity lets firms sell more and achieve key goals.

Despite the immense benefit with the economic empowerment of women, current systems often work against them rather than in support of them. It is past time for policies and solutions that support the full participation of women with the markets and societies at large. When women are counted and given leadership roles, the whole world would benefit.

The companies with women on the boards have higher sales and greater returns on invested capital compared to those with less gender diversity, as multiple research studies have

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The Best Workplaces for Women are expanding the turf for women in finance

Erwin Oropesa

Finance has typically not been welcoming to women. But the “boys club” of yesterday is changing. A sign of the times: Financial firms rule this year’s list of Best Workplaces for Women. Nine organizations in financial services and insurance earned a spot in the top 20—triple the number on last year’s list.

What’s behind the shift? One reason is that the industry is evolving, with the value of financial advice changing. Almost nowhere is digital transformation shaking up an industry as it is in finance. With a finger swipe across a smartphone, investors can access their accounts and see how their portfolios are doing.

But women are adding value in ways that “robo-advisers” cannot compute.

“In the past, the value of financial services or the value of a financial adviser was in constructing a portfolio or trading stocks,” said Kristin Johnson, chief human resources officer at Edward

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Britain’s finance sector too slow to hire women to top jobs

Erwin Oropesa

LONDON (Reuters) – Britain’s finance ministry wants more ambitious diversity targets at financial firms as the pace of hiring women to top jobs is too slow, a review said on Tuesday.

A Women in Finance charter was launched in 2016 by the finance ministry in a bid to improve diversity in the financial sector where just 14% of executive committee members were women in 2015.

More than 370 firms with over 900,000 employees in total have signed up to the charter and commit themselves to voluntary diversity targets.

A review by New Financial think tank of 187 of the firms found that only a third have met or exceeded their own targets.

Women make up 32% of senior management on average, still short of the 33% minimum target the finance ministry would like to see for all signatories, the review said.

“I am determined to see the financial services sector

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