Reflections on the Commission on Race and Ethnic Disparities Report
24th November 2017 37 seconds read
Investment professionals are anticipating a significant shift in the position of their industry, as only six per cent of this group believe ethnic diversity is a major consideration today. Indeed, almost half (48%) currently believe the ethno-cultural composition of the board is no consideration at all.
When institutional investors were questioned as to why so many organisations have all white boards half (50%) said it was because people tend to recruit senior leaders in their own image and are slow to change. A further 37% felt that boards don’t understand the financial value of having a diverse board.
This article was published by Better Society Network. To read the full Better Society article, click here.