Wolf Administration Calls for Greater Recognition of Gender Diversity's Impact on Business

HARRISBURG, Pa., March 22, 2018 /PRNewswire-USNewswire/ -- Secretary of Banking and Securities Robin L. Wiessmann is calling for greater dialogue surrounding the issues of gender diversity in business leadership roles and the impact that diversity can have on business.

"Greater board diversity recognizes the importance of diversity of thought, experience, and perspective in business and management," said Wiessmann. "Research supports the idea that having more women in leadership roles has a positive impact on a company's financial returns and board performance."

As the end of Women's History Month approaches, Wiessmann is urging companies and organizations to evaluate their board composition, with the understanding that companies' leadership teams should be more reflective of the increasingly diverse communities and consumer bases they serve, a large segment of which is female.

"I am so proud to be one among the eight extraordinary female cabinet officials of the Wolf Administration," said Wiessmann. "Governor Wolf has made gender diversity a priority for state government, and we are confident that the private sector can make great strides in closing the gender disparity among its leadership ranks."

In the latest PA Money Talks blog post, Wiessmann explores the impacts of gender diversity on business in the first of a series dedicated to topics related to Women in Finance.

"This ongoing challenge requires working collaboratively towards the development of diversity in business leadership. Doing so will serve to strengthen Pennsylvania companies and business, and our overall economy," Wiessmann writes.

Read more on the department's blog: http://www.dobs.pa.gov/PaMoneyTalks/Pages/Blog.aspx

Secretary Wiessmann and staff from the Department of Banking and Securities engage with members of the business community through a variety of industry events, such as professional conferences and meetings. Contact the department for information on engagement opportunities, [email protected] or 717-783-4721. 

MEDIA CONTACT: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities