Remote work impedes women's careers, CEO of top U.K. bank claims amid industrywide RTO surge [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
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Source: Yahoo! Finance
Debbie Crosbie, who has been CEO since June 2022 and dismantled Nationwide's “work anywhere policy” in late 2023, thinks in-office presence is the key to career progression—especially for women. “We find, certainly at Nationwide … that men are more likely to come into the office than women,” Crosbie told BBC Radio 4's Today program earlier this week . “Being seen and then seeing other leaders is a really important part of development.” Crosbie's approach differs from that of her predecessor, Joe Garner, who strongly advocated for flexible work by rolling out a 100% work-from-anywhere policy. He cited productivity benefits and access to talent as reasons driving the move in 2021. But a year ago, Crosbie replaced that with a two-day minimum in office for full-time employees. In an op-ed from March 2023 , she argued that remote and flexible work could limit the opportunities to cultivate future female leaders. “Several women in Nationwide speak with me now about how energised th
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