2nd November 2017 35 seconds read

Workplace Insight: Rise in gender and ethnic diversity to boards in finance sector, despite 'Closed Shop'

According to Green Park’s Leadership 10,000 report, there has been a minor improvement in the proportion of banking and finance board members with a non-white ethnic background from 8.3% (31 people) in 2014 to 8.8% (33 people) in this year’s report. Yet despite this, boards of banking and finance companies in the FTSE 100 are still not representative of the UK population, which is 87% white and 13% non-white.

The banking and finance sector has also met the target set by Lord Davies that 25 percent of board members should be female. However, this has been updated by the Hampton-Alexander Review to a target of 33 percent by 2020, which suggests that banking and finance companies will still need to do more to increase the proportion of female leaders in their leadership pipelines.

 

This article was published in Workplace Insight on Thursday 2nd November 2017. For the full Workplace Insight article, click here.