Investment Week | Board gender parity delayed to 2059 at current pace
6th December 2018 1 minute read
Green Park’s latest research report, the Leadership 10,000 finds that efforts to increase boardroom diversity within the FTSE 100 is paying Dividends, but only if your female and mostly if you are white.
The executive search and interim management firm warns that it could take up to half a century, before the FTSE 100 meets the race diversity targets proposed for 2021. At the current rate, just one extra firm a year is introducing non-white Directors to their board and the prospects for change at senior level remain poor as the ethnocultural diversity in the Director pipeline, has stalled at 10.6% over the last year.
Almost half (48) of FTSE100 companies still have no non-white board or executive committee members. Stripping out Non-Executive Directors, two-thirds (67) of Britain’s companies still have an all-white leadership team, an increase on the 65 in Green Park’s first report.
Green Park warns that if Britain is to make a success of Brexit, top firms need to present a face to the world that reflects modern, multi-ethnic Britain and the emerging markets into which they want to expand. Additionally, the reduction in the flow of leadership talent from Europe, without a corresponding expansion of diverse British talent, will result in significantly increased compensation rates for the current leaders of top UK companies due to a skills shortage.
This article was published in ITV News on the 6th September 2018. For the full article click here.
To download the full Leadership 10,000 2018 report, click here.