Don't bank on it

A new study shows that women are poorly represented on the boards of the world's 50 largest banks.

Published November 14, 2005 2:34PM (EST)

A new study released today by Corporate Women Directors International, a nonprofit organization that works to boost female participation on boards of directors, shows that only 10.3 percent of board seats at the world's 50 largest banks are held by women.

The big winner in the study was Nordea Bank AB in Sweden; four of its 11 board members are female. The biggest loser was Japan; none of the six Japanese banks studied have any women on their boards.

At the top 100 U.S. banks, women held 12.2 percent of board seats, though that's lower than the average percentage of women directors in the Fortune 500 companies -- 13.7 percent. Way to go, U.S.! Coming in at slightly over 10 percent! Who says women haven't gained full equality?

By Rebecca Traister

Rebecca Traister writes for Salon. She is the author of "Big Girls Don't Cry: The Election that Changed Everything for American Women" (Free Press). Follow @rtraister on Twitter.

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