Investment Week | Board gender parity delayed to 2059 at current pace
6th December 2018 55 seconds read
According to the Leadership 10,000, Green Park’s latest report analysing the diversity of FTSE 100 Leadership, 48 of FTSE100 companies still have no non-white board or executive committee members.
With the Parker Review target looming – to have one person from an ethnic minority background on all FTSE 100 board by 2021 – Green Park warns that, at the current rate of progress, it will be 2066 before this is met.
At the most senior level of corporate leadership – Chair, CEO and CFO – 96.7% of individuals are white and 92.4% male. This suggests that the effort of the past few years to improve leadership diversity in FTSE 100 companies is paying off – but only if you’re female, and mostly if you’re white
Green Park’s Chair, Trevor Phillips, comments: “When we first decided to collect this data we assumed that we would, over time, be charting a more or less steady rise in female and minority participation in the top leadership of FTSE 100 companies as the broad logic of diversity kicked in. This latest survey shows that the message has yet to ping into the inboxes of UK Plc’s leaders – especially the chairs of the main boards and their nominations committees.”
This article was published in Recruitment International on the 6th of November, 2018. For the full article, click here.