Parker Review report reveals ‘real action is vital’ on ethnic diversity of FTSE boards
The Parker Review report, launched today by Sir John Parker, professional services firm EY and the Department for Business, Energy and Industrial Strategy (BEIS), reveals that more than a third of FTSE 100 boards surveyed still lack ethnic minority representation.
Sandra Kerr CBE, race equality director at Business in the Community, responds: “For me, the most disappointing news from this review is that only 256 out of the FTSE 350 were able to sufficiently capture ethnicity data within their organisations. Without that there can be no action taken or real commitment to addressing the lack of representation of black, Asian and minority ethnic (BAME) workers at the most senior levels or monitoring ethnicity pay gaps.
“BITC’s Race at Work Charter was established in 2018 in collaboration with the government to get employers to publicly commit to action – 233 employers have already signed up but we still need to see many more in the FTSE 350 organisations making the commitment.
“Our most recent Race at Work report shows that 43 per cent of ethnic minority employees would love an opportunity for the fast track to senior management but unfortunately only 10 per cent are experiencing this. We also know that on average fewer than one in five ethnic minority employees say that they are on their organisation’s succession planning lists. There is a lot of talk about widening access to opportunity, but taking real action to increase access to key roles and manage the diversity of the talent pipeline within the organisation is vital if employers really want diversity in their senior and executive positions.”
Cathy Beveridge, media and external affairs manager, Business in the Community, 07776 181945, email: email@example.com
About Business in the Community
Business in the Community is the oldest and largest business-led membership organisation dedicated to responsible business. We were created nearly 40 years ago by HRH The Prince of Wales to champion responsible business.
We inspire, engage and challenge members and we mobilise that collective strength as a force for good in society to:
- create a skilled, inclusive workforce today and for the future
- build thriving communities in which to live and work
- innovate to repair and sustain our planet.
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