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A Case of Temporary (Extended) “Hard Quotas”: Gender Diversity in Italian Banks

In: Women in Financial Services

Author

Listed:
  • Giuliana Birindelli

    (“G. d’Annunzio” University of Chieti-Pescara)

  • Antonia Patrizia Iannuzzi

    (“Aldo Moro” University of Bari)

Abstract

The chapter analyses gender diversity in Italian banks starting from the regulatory framework, first by looking at the Golfo-Mosca Law, which was reiterated with amendments by the 2020 Budget Law. Alongside these regulations, the chapter illustrates numerous additional initiatives, such as the establishment of an Observatory that studies and promotes gender equality by the Bank of Italy, together with the Department for Equal Opportunities of the Italian Presidency of the Council of Ministers and the Italian Companies and Exchange Commission (Commissione nazionale per le società e la Borsa, CONSOB). Another initiative is the charter by the Italian Banking Association inviting signatories to strengthen their governance following the principles of inclusiveness and equal opportunities. Not least, the proposal by the Bank of Italy, following its 2015 diversity benchmark, of introducing a gender quota in the administrative and control bodies of banks. The chapter ends with an analysis and commentary on the female presence and the gender pay gap in Italian banks (with a focus on listed banks) based on data extrapolated from corporate governance and remuneration policy reports.

Suggested Citation

  • Giuliana Birindelli & Antonia Patrizia Iannuzzi, 2022. "A Case of Temporary (Extended) “Hard Quotas”: Gender Diversity in Italian Banks," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Women in Financial Services, chapter 0, pages 315-343, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-93471-2_10
    DOI: 10.1007/978-3-030-93471-2_10
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