“It’s completely unacceptable that in 2015, women are significantly under represented at a senior management level across the financial services industry,” he said. “We are committed to putting that right at HSBC UK.”
While the initiative in unarguably a step in the right direction, it applies only in the UK and does not cover all branches, excluding the investment bank among others.
The move, however, has been met with a mixed reaction.
“It is wonderful to see a well-known business setting themselves an ambitious target for women in senior management,” said Lady Barbara Judge, who chairs the Institute of Directors.
“'We would encourage other firms to see how they could learn from this example,” she continued.
Veteran commentator and Panmure Gordon broker David Buik disagreed – ‘If half of senior jobs are filled by women on merit then so be it,” he said. “But just to clutter the respective teams up with women on a quota basis has to be nonsense.”
Who do you agree with? Wonderful or nonsense, share your thoughts below.
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