#GAReads | Low participation of women in finance sector is unfair, says IMF chief Christine Lagarde
The lack of women in finance is unfair to women and bad for banks, International Monetary Fund Managing Director Christine Lagarde has said.
Lagarde spoke with Yahoo Finance over the weekend at the World Economic Forum.
“There’s something wrong,” said Lagarde, who has helmed the IMF since 2011. “If you look at the composition of boards in that sector, only 20% of them are women. If you look at the CEOs of the financial sector, only 2% are women … our societies don’t look like that. And if you look at graduates from universities and business schools, it doesn’t look like 20% or 2%. It’s a lot more than that.”