ECB’s Lagarde says business needs more women leaders

European Central Bank President Christine Lagarde said Friday that there are still too few women in top jobs, and that the coronavirus pandemic has exacerbated the problem.

“There are still too few women in management worldwide, particularly in the economic and financial spheres, including central banks,” she said in an interview with French economics weekly Challenges.

Lagarde, the first female chief in the ECB’s history, lamented that the 19 eurozone central banks are all run by men, and that she and her German colleague Isabel Schnabel were the only women on the ECB’s 25-member governing council. 

“That’s not how it should be!” she said.

Arguing for changes in the workplace, Lagarde said men should be encouraged to take paternity leave, and it should be granted to them for “longer periods than their current entitlement of a few days or weeks.”

Noting that the gender wage gap was still 13 percent

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

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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