12.29.24

Gender Gap in Director Compensation

by: Kehrer Group

Female investment services directors earn substantially less than their male counterparts with similar experience, qualifications and responsibilities (EQR) at financial institutions, according to a recently released study by the Kehrer Group. The study, which included data from 55 participating executives, analyzed the factors that influence how directors are paid. It noted that, for example, women directors tend to work in smaller firms, which tend not to compensate their directors as much as larger firms. Similarly, female directors were concentrated in credit unions, which are generally smaller than bank-based firms. But controlling for the size of the firm and institution, credit unions actually pay their directors more than bank-based directors with similar EQR, the analysis found.

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