Speech by Commissioner Cynthia A. Glassman
Thank you Irene, and thank you for the opportunity to be with you today for this event. I will be interested in reviewing the report announced by Irene and Toni this morning on women directors at the largest US and international banks. Given my prior work at the Federal Reserve and as a consultant to banks, I have certainly witnessed - and at times bumped into - the glass ceiling for women, directors or otherwise! However, I am pleased to note that in my current position, for the first time in Commission history, I am one of two women Commissioners! Before I go any further, I need to give the Commission's standard disclaimer that the views I express here today are my own and do not necessarily represent the views of the Commission or its staff.
To start, I would like to provide an overview of the new regulatory requirements governing Board formation and operation. That will put into context my views on how these changes have already affected Boards, and why I believe we can expect to see increasing numbers of women and minority Board members in the future.
See full Speech.
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