#London #United Kingdom #Diversity #INvolve #Empower Role Models

Examining Diversity Among Corporate Chairs

A recent report by INvolve reveals a troubling trend in the representation of ethnically diverse board Chairs within major companies in both the UK and the US. Despite significant discussions surrounding diversity and inclusion, the data shows a stark underrepresentation of individuals from ethnic minority backgrounds in positions of power.

Current Statistics and Comparison

According to the analysis of the FTSE 100 and S&P 100, only 6% of Chairs in the FTSE 100 are from ethnic minority backgrounds, compared to 18% of the UK population identifying as non-white, according to recent census data. In the S&P 100, 13% of Chairs are ethnically diverse, while the U.S. Census Bureau indicates that 42% of the American population identifies as non-white. These figures starkly highlight the disconnect between corporate leadership and the demographics of the populations they serve.

When assessing public officials, the contrast is even more pronounced. In the UK, approximately 14% of elected Members of Parliament come from diverse ethnic backgrounds, which is more than double the percentage of ethnically diverse Chairs in the FTSE 100. Similarly, 26% of voting members of Congress in the US are people of color, again significantly surpassing representation in corporate boards.

The Importance of Representation

The implications of these disparities are significant, particularly as boards are responsible for navigating critical strategic decisions and establishing company cultures. Chairs have a profound impact on a business’s priorities regarding diversity, equity, and inclusion (DEI). Yet, the persisting prevalence of non-diverse leadership reflects a systemic issue within corporate structures that often overlooks the perspectives of diverse populations and, consequently, the needs of the workforce.

An Overview of the Current Landscape

As we witness mounting economic challenges and shifting political climates, it is disconcerting that the decision-makers steering DEI initiatives are frequently those who do not represent the very diversity they claim to advocate for. This scenario poses risks, as they may prioritize initiatives based on a limited understanding of the experiences of ethnically diverse employees. The chair role thus becomes a key area where lasting change is essential and where representation must be prioritized to better align with both employee demographics and consumer expectations.

In light of these findings, INvolve has released its annual Empower Role Model Lists, showcasing leaders and advocates who are committed to fostering opportunities for ethnically diverse employees. This initiative aims to bring visibility to successful figures actively working towards dismantling barriers and challenging biases in their organizations.

Voices of Change

Suki Sandhu OBE, the Founder and CEO of INvolve, stated, "The harsh truth is that the people deciding whether DEI stays on the agenda are, in far too many cases, not diverse themselves. Chairs are some of the most powerful figures in business, yet across major indexes, they remain overwhelmingly white." This statement captures the urgent need for company leadership to reflect the demographics of their communities and workforce.

The individuals featured on this year’s Empower Role Model Lists include:

• - Top Empower Executives 2025: Belinda Brown (CFO, Sephora UK), Afua Kyei (CFO, Bank of England), John Hope Bryant (Founder, Chair & CEO of Operation Hope), among others.
• - Top Empower Advocates 2025: Jackie Henry MBE (Managing Partner for People and Purpose, Deloitte UK), Andrew Jolly (Partner, Slaughter & May)
• - Top Empower Future Leaders 2025: Al Ramsey (Vice President, TD Bank Group), Asavari Moon (Global AI and Marketing Leader)

Looking Ahead

As discussions around diversity continue to evolve, the hope is that the subsequent actions taken within organizations will begin to close the gap in representation at all levels of leadership. The narrative surrounding diversity and inclusion must grow beyond mere rhetoric and translate into measurable changes that ensure every workforce is reflective of the communities they represent and serve.

The spotlight on ethnic diversity in boardrooms is crucial for advocating for a business landscape where all individuals, regardless of their background, have equal opportunities to thrive. The forthcoming INvolve Role Model Gala Dinner and the Lincoln Center Reception will further celebrate the individuals committed to this crucial work, showcasing what is possible when leaders champion equity and inclusion in the workplace.

For more details, the full Empower Role Model Lists can be accessed here.