Korn Ferry’s Consumer Diversity Index reveals that FTSE 100 companies have failed to meet the target of having one person of colour in each of their boardrooms by 2021, with half of listed retailers failing to have any ethnic minority representation.
The mandate made in 2017 by The Parker Review set the clear goal to have at least one person from an ethnic minority on the board of every FTSE 100 company by 2021, and on every FTSE 250 company by 2024.
The reality in 2021, however, is that 17% of those FTSE 100 companies in the consumer and retail industry still are yet to reach that goal, while 59% of the FTSE 250 have also failed to meet the target.
Korn Ferry also revealed that there are just 11 chief executives of an ethnic minority background leading the consumer companies listed in the FTSE 100, FTSE 250 or AIM, all of whom are male, while just five companies have diverse chairs.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.