Business
CBA, Westpac revert to a ‘blokes are best’ strategy – The Australian Financial Review
A noticeable gap has opened up between the big four banks in relation to gender diversity. In the wake of the Austrac-induced crises, CBA and Westpac found male solutions to their management problems.
The latest Chief Executive Women ASX200 Senior Executive Census found that gender diversity in the executive leadership team at CBA dropped to 31 per cent in 2020 from 46 per cent in 2017.
It was even worse at Westpac. The gender diversity in its executive leadership team fell to 21 per cent in 2020 from 33 per cent in 2017.
Compare that to ANZ Banking Group, which has lifted gender diversity in its top executive team from 33 per cent in 2017 to 50 per cent.
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