Investment Week | Board gender parity delayed to 2059 at current pace
7th December 2018 48 seconds read
Green Park’s Leadership 10,000 research finds that 48 of FTSE 100 companies still have no boardroom diversity, despite Government-backed diversity targets.
While the efforts to increase diversity are paying dividends in terms of gender, no such success can be said for ethnocultural diversity, where the analysis finds little progress in the Top 3 roles (Chair, CEO, CFO) and a stagnating leadership pipeline.
Green Park warns that at the current rate of progress – one extra company a year – it will be 2066 before FTSE 100 companies meet the Parker review target to have one ethnic minority Director on every FTSE 100 board by 2021.
This raises concerns over the UK’s ability to strike international deals post Brexit. Chair of Green Park, Trevor Phillips, comments: “Whatever happens after Brexit, if our companies are to compete on the world stage for the growing markets in Africa, Asia and the Americas, they cannot go around the world with a leadership that looks like a throwback to the pre-Windrush, colonial era.
This article was published on the 6th of November 2018, on insider.co.uk. For the full article, click here.
To download the full Leadership 10,000 report, please click here.