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Green Park, a firm accredited under the Enhanced Voluntary Code of Conduct for executive search firms to promote gender diversity, released its annual Leadership 10,000 report (the report) on 4 December 2019. This reviews the gender and ethnocultural diversity of FTSE 100 leadership at 3 levels:
In line with the recently published penultimate Hampton Alexander Review, the report notes progress has been made in terms of gender diversity and firms are close to reaching the 2020 target for 33% female board representation. Contrastingly, whilst ‘women are cracking the glass ceiling’, the report shows little progress regarding ethnic diversity as ‘people of colour remain super-glued to the corporate floor’.
Key findings of the report include:
At top 3 level
At top 20 level
At top 100 level
Market Tracker notes that there has been more discussion around ethnicity, with 77% of FTSE 350 companies making ethnic disclosures at board level, up from 36% in the 2018 AGM season. However, in line with Green Park’s findings, there appears to be little progress in translating these discussions into actual results, with only 5% of the FTSE 350 announcing that they had at least one director of colour on the board (being the 2021 target under the Parker Review). For more information on diversity in the FTSE 350, see our recently published 2019 AGM season trend report.
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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.
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