Bristol24/7 Presents: How can we make Bristol's boardrooms more diverse? / diversity
The benefits of diversity in the boardroom
For a city that celebrates and champions diversity, we need to make sure that this extends to our workforce and boardrooms.
There’s still a long way to go for Bristol and the rest of the UK. According to data from Company Matters, 96 per cent of the directors of firms listed on the AIM and 95 per cent of the FTSE 100 are white. When it comes to gender, there is still a high imbalance. Of the FTSE 100, only eight per cent of CEOs are women.
Ahead of our free virtual panel event exploring how we can make Bristol’s boardrooms more diverse, we discuss how exactly this is beneficial for our city, population and companies.
is needed now More than ever
Diversity of thought
By having a diverse boardroom, you will also have a diverse range of experiences, backgrounds and opinions. Having a range of thought will also mean a wider range of comprehensive ideas, solutions, and strategies.
Increased revenues
A report by McKinsey and Co found that companies in the top quartile for racial and ethnic diversity are 35 per cent more likely to have better financial returns than their non-inclusive competitors.
Diversity in the boardroom better reflects customers, shareholders and clients
An organisation’s boardroom should be representative of those using its services. That’s why a board is there after all. Having a boardroom that reflects shareholders and customers are more likely to feel their interests and needs are being met.
Bristol24/7 Presents: How can we make Bristol’s boardrooms more diverse?
In Bristol, there is a lot that needs to be done to diversify our boardrooms. To hear more about diverse leadership in the city, you can sign up for the Bristol24/7 Presents: How can we make Bristol’s boardrooms more diverse?
You will hear from CEO of BeOnBoard, Kalpna Woolf, CEO and founder of Street2Boardroom, Clayton Planter, Senior Programme Coordinator for Leonard Cheshire, Samuel Sherlock, and equality, diversity and inclusion champion for TLT, Esther Smith.
Sponsored by TLT, the free panel event featuring experts from across Bristol will take place on November 18 at 2pm. Sign up now.
Main photo: Bristol Diversity Awards by @JonCraig_Photos
Read more: The experts bringing more diversity into Bristol’s boardrooms
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