FTSE 100: No Black execs on the prime of Britain’s greatest firms
No progress has been made on range since Inexperienced Park started researching the problem. Solely 10 of 297 individuals within the three prime management positions don’t determine as White, the identical proportion as in 2014, the analysis discovered.
“The snowy peaks of British enterprise stay stubbornly white,” Trevor Phillips, the chair of Inexperienced Park, mentioned in a press release. “We all know there isn’t a scarcity of certified candidates to fill these roles if firms are prepared to look,” he added.
Phillips, who used to guide Britain’s Fee for Racial Equality, mentioned that shareholders, shoppers and staff wanted to “begin questioning whether or not Black Lives Matter is simply rhetoric relatively than actuality.”
In accordance with Inexperienced Park’s analysis, the proportion of Black government administrators and non-executive administrators within the FTSE 100 has slipped to 1.1% from 1.3% in 2014. This compares with elevated percentages for Asians and different teams who don’t determine as White.
The variety of Black individuals within the management pipeline has additionally fallen over the previous yr, dimming the prospects for future will increase in Black illustration on the highest ranges of British enterprise. “Company leaders have to cease telling us how a lot they care and do one thing to point out us that black lives actually do matter,” Phillips added.
Ethnicity pay gaps
Low numbers of Black individuals in senior management positions at UK firms is a vital issue behind pay disparity.
Morgan Stanley, Goldman Sachs, Deutsche Financial institution, Credit score Suisse and Financial institution of America, which have signed the constitution, all mentioned they collected range information, however declined to reveal it, in accordance with Reuters.