Thursday, December 15, 2005

Hawaii banks add women to boards


Hawaii's largest banks are naming more women to their boards, involving a more diverse lineup of executives in key corporate functions, from strategy to succession to auditing.

The quest for more diversity is playing out in the office towers of the top-four banks.

These banks have a combined 15 women on their boards, two-thirds more than they had five years ago when a total of nine women sat on their boards. Yet women still represent only 22 percent of total membership on the four boards.

The higher female representation is expected to alter relations between bank CEOs and the advisers they depend on when tough issues arise involving risky deals, aggressive regulators or gray-area accounting.

See full Article.