FRC publishes report on navigating the barriers to greater ethnic diversity on FTSE boards

The Financial Reporting Council (FRC) has published a report on ‘Navigating barriers to senior leadership for people from minority ethnic groups in FTSE 100 and FTSE 250 companies’. The aim of the report is to provide evidence on the challenges and opportunities that Black and minority ethnic individuals may experience in progressing to the boards of FTSE 100 and FTSE 250 companies and executive committee roles. Such challenges include being overlooked for promotion, overt and covert racism, and having to demonstrate higher standards, compared with colleagues from majority backgrounds, to progress or have the same development opportunities. The report also aims to identify good practice and assess its effectiveness in increasing the ethnic diversity of FTSE boards and ensuring a sustainable pipeline of talent from a range of ethnic backgrounds. The FRC have found that while there are still significant challenges to be addressed, the need for change has been taken seriously across the spectrum.

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