Asia

Internet banks underperform in board gender diversity

Internet-only banks, which have expressed their desire to innovate, have been found to lag behind traditional banks in their environmental, social and corporate governance (ESG) initiatives. They were particularly bad at meeting the governance element. K Bank and Tos Bank have yet to appoint female independent directors, while Kakao Bank has appointed only one female director among its six independent directors. She is Lee Eun Kyung, a former judge and legal expert with extensive experience advising on gender and human rights issues.

https://www.koreatimes.co.kr/www/biz/2022/08/126_334217.html?utm_source=fl Internet banks underperform in board gender diversity

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