The Power of Gender Diversity in the C-Suite and Board Room, Jennifer Docherty & Terrie Spiro Banks on Women, Inc. / WIN
We are at an inflection point in the banking industry, especially among community banks. Changing customer and talent pool demographics, along with rapidly changing technology, present a need to innovate and an opportunity to capitalize. The data supports that an inclusive organization improves innovation and appealing to women provides a unique competitive advantage. According to the Peterson Institute ROE improves five percent when women in top management increase from less than 10% to over 15%. The ability to innovate improves 83% when employees believe their organization is committed to inclusion. And finally, profitability improves 15% when women in corporate leadership go from 0 to at the very least 30%.