The number of women appointed to positions the boardroom has been not only a matter of gender equality, but of diversity for many investment firms. While efforts have seemingly increased over the years on the part of corporate boards to include more women, the old boys’ club is still alive and well.
Women in positions of power recently came into focus again for the media as Jill Abramson, the first female executive editor for the New York Times, was ousted last week. Her removal was rumored to be a product of gender bias, which set off sparks of discussion around women in top spots in corporations. For a few reasons, women are still unable to obtain and hold board positions in investment firms. Deborah L. Jacobs for Forbes writes that — at the Women Corporate Directors Global Institute in New York recently — women met to discuss the obstacles that lie between them and boardroom positions.