Almost half of FTSE 350 firms have BAME directors as pressure for diversity accelerates December 20, 2021 Nearly half of FTSE 350 companies now have a director of colour on their board, driven by increasing pressure on companies to improve diversity at leadership level. Of FTSE 350 companies, 45 per cent – meaning 123 companies – were recorded as having a director from a black, Asian or minority ethnic background in 2021, [...]
A boardroom first: Women outnumber male directors December 13, 2021 For the first time ever women make up the majority of independent directors at the largest listed companies but are still outnumbered by men at executive level, according to a new study. Across the 150 biggest public companies in Britain, 442 women are employed as non-executive directors, just edging out the number of male peers, [...]
Exclusive: Aspire founder Paul Farrer on why diversity is increasingly a differentiator in the City November 30, 2021 A company’s approach to diversity and inclusion increasingly proves to be the difference between someone accepting or rejecting a job, or even leaving their current role, according to Aspire chairman Paul Farrer. The driving force behind the London recruitment firm, active in the Square Mile since 1992, told City A.M. this morning that whether or [...]
Diversity levels on boards still unsatisfactory – Ignoring this is ‘at everyone’s peril’ November 24, 2021 | Sponsored DiverCity® Podcast · Building Better Boards: Finding your place in the boardroom The economic case for diversity at a board level is clear, but too many firms still fall short Despite the increased focus on diversity, equity and inclusion, too many boards remain stuck in the past and are failing to meet equality targets. Fiona [...]
State Street denies bank staff must get special approval to hire white men November 7, 2021 Investment bank State Street tonight forced to push back against reports it will insist managers get special approval to hire white men over female or minority candidates. The bank wants to triple the number of black, Asian and other minority staff in senior roles by 2023 and has mandated lower bonuses for execs if they do not hit [...]
Long way to go: Two in three non-white staff in the City and Canary Wharf face discrimination and racism at work October 6, 2021 London’s financial services firms are failing to uphold diversity standards with two in three black and minority finance workers in the City and Canary Wharf suffering discrimination at work, according to a new study shared with City A.M. this morning. Around 66 per cent of BAME – Black, Asian, Minority, Ethnic – staff suffer discrimination [...]
Boris Johnson never brushing his hair shows gender inequality is very much alive, says Hillary Clinton October 1, 2021 Former First Lady and US Secretary of State Hillary Clinton has said she does not think she will live to see “true equality” between men and women. The former US presidential candidate, 73, said the “so-called double standard” still exists and women in power are continuously scrutinised. Speaking to historian Mary Beard on the BBC’s [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
City Corporation urges firms to support its socio-economic diversity task force July 28, 2021 The City of London Corporation is calling on financial and professional services firms to encourage their networks and employees to support its socio-economic diversity task force. At a virtual meeting, City Corporation policy chair Catherine McGuinness asked individuals and organisations to get involved by being informed and using their influence to raise awareness of the [...]
Bank of England Andrew Bailey concedes shortcomings in diversity July 21, 2021 Governor Andrew Bailey has promised to do more to address systemic racial inequality after a review found “material disparities” persist at the Bank of England. Staff from ethnic minority backgrounds were less likely to be promoted, received smaller bonuses and were afforded fewer opportunities for career development and progression than their white colleagues, according to the [...]