One of the biggest topics in global news this year has been ethnic diversity. From University admissions to the Oscars, there is an unsettling sense of regression in the number of visibly successful BAME (black, Asian and minority ethnic- including Hispanic and Middle Eastern) people in both the UK and the US- and corporate c-suites are one of the worst offenders.
Our most recent research has discovered that despite BAME communities making up 14% of the UK population, just 4% of CEOs of businesses listed on the FTSE 100 are BAME. The situation is just as bad in the US where although the non-white population make up 28% of the total just 11% of businesses listed on the S&P 100 have non-white CEOs. #OscarsSoWhite? #CSuiteSoWhite!
This means there is just one BAME CEO of a FTSE 100 company for every 1.8 million BAME people in the UK, compared to one white CEO for every 600,000 white people. Looking at the problem from the bottom up paints an equally bleak picture; despite 1 in 8 of the working age population coming from a BAME background, only 1 in 10 are in the workplace. In response to this, we are launching a ground-breaking initiative, ‘UPstanding’.
UPstanding will profile, for the first time, the top 100 BAME business executives from the UK and the US based on their efforts in improving the BAME agenda in and out of work but also their success in breaking through to the top echelons of business.
Are you, or do you know, someone who is living in UK or US and is ethnically diverse, who proves that race need not be a barrier to success and who positively and actively supports the BAME cause at an executive level? If so, please nominate them or yourself for our 2016 UPstanding Executive Power List before Sunday, April 17 by clicking here.
To encourage others to get involved, share the link for nominations using the hashtag #CSuiteSoWhite.