FTSE 100 companies still failing to increase ethnic diversity leadership: Britain’s top businesses must do more than just talk about change
5th June 2018 44 seconds read
Green Park’s Leadership 10,000 report, released in 2017, found that gender diversity in leadership is moving back in more industries than it is moving forward. Additionally, it also found that the top roles in companies remain a closed shop for ethnic minority leaders, with a decrease of 18% in the number of ethnic minorities holding positions at Chair, CEO and CFO level in FTSE 100 companies.
The findings suggest that organisations are going to struggle to meet the targets set by the 2016 Parker Review, for every FTSE 100 Board to have at least one person from a Black or Ethnic Minority background by 2021.
Research has found that there is a positive correlation between diverse leadership teams and increased financial turnover. Targets and data like those are essential if the UK is going to make progress in removing the barriers that stop minorities reaching the top spots and prevent our organisations from realising the benefits of a diverse workforce.
This article featured in the Financial Times on Thursday the 31st of May, 2018. To read the full article, click here.