FRC publishes report on board diversity

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07 Oct, 2022

The Financial Reporting Council (FRC) has published a report which looks at the challenges and opportunities that minority ethnic individuals might experience in progressing to the boards of top FTSE companies.

The report, titled “Navigating barriers to senior leadership for people from minority ethnic groups in FTSE 100 and FTSE 250 companies”, was commissioned by the FRC and conducted by a research team from Cranfield University and Delta Alpha Psi Services.

The research highlights that although there are still significant challenges which need to be addressed, there is widespread acknowledgement of the need for serious change.  Obstacles to progression faced by minority ethnic individuals include being overlooked for promotion, overt and covert racism, and having to demonstrate higher standards, compared with colleagues from majority backgrounds.

Further information, and the full report, is available on the FRC website.

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