Widening Pay Gap for Women on Boards Is ‘Red Flag’ for Europe
- Women sometimes pushed into less important roles, lower pay
- EU companies are currently rushing to find female directors
Photographer: Pete Marovich/Bloomberg
The gender pay gap is widening for Europe’s non-executive board members in the financial services sector, despite a drive to recruit more women to these senior roles.
Women were paid 36% less than men on average in 2023 on the boards of banks, insurers and asset managers, compared with a 31% disparity in 2019, according to analysis by the consultancy EY.