Thursday 15th August
Diversity is good for business.
And yet there is considerable evidence to show that to date diversity in leadership is not as good as it might be.
To address this in the West Midlands The Growth Hub is supporting a unique programme to help businesses reap the benefits of leadership diversity
And to date nine businesses have pledged to address under representation in leadership roles and have signed the Asian Business Chamber of Commerce’s (ABCC) Diversity in Leadership pledge supported by Greater Birmingham Solihull LEP Growth Fund.
Organisations which have signed the Diversity in Leadership Pledge agree to proactively participate with the ABCC Diversity in Leadership pilot, in order to address underrepresentation of women, LGBT, disabled, black, Asian and minority ethnic (BAME) communities in leadership roles.
Companies signed up to the pledge agree to review current levels of diversity in their business, and if necessary, implement strategies to ensure more women, LGBT, disabled and BAME representation at the top of their organisation.
In addition, ABCC hosts workshops to help businesses understand more about diversity and inclusion.
The nine companies who have currently signed up to the pledge include:
- Birmingham Women’s and Children’s NHS Foundations Trust
- Balfour Beatty Vinci
- Fircroft College
- Sport Birmingham
- Prince’s Trust
- Town Hall Symphony Hall
- Aston University
- South and City College Birmingham
The campaign was launched after a number of surveys into diversity revealed a major disparity on the numbers of women, LGBT, disabled, BAME individuals on boards of directors.
The 2017 Parker Review showed that out of 1,050 director positions at top FTSE 100 companies, only 85 individuals – eight per cent – were from the BAME community.
This falls well below the 14 per cent of people in the UK that identify as BAME.
The same report also found that more than half of FTSE 100 companies had no BAME representation on their boards of directors.
ABCC director Anjum Khan said: "The pledge so far has been extremely successful, and the companies which have pledged have been active and engaged in addressing this imbalance. Our pledge is not a tick box exercise. We are delivering a practical pilot programme in which we support organisations in delivering towards their Diversity and Inclusion strategy.
Diversity is crucial for businesses, as it not only promotes individuals but also inspires a culture of tolerance, acceptance and is imperative to the bottom line.
It is necessary to do more than just talk about the need for a more diverse business sector. The ABCC believe that collective action and accountability are required to address the under representation of women, BAME backgrounds, LGBT and disabled people in our businesses.
We hope to continue to have fruitful results with pledge signees, and other firms which wish to take action and improve representation in their businesses”.
Useful Contact Information
Or to find out more about the many ways The Growth Hub might help your business and introduce you to the wide range of support that might be available contact a Growth Hub Business Adviser.
T: 0800 032 3488