'And Race' in Preface of 2014 Financial Council Corporate Governance Code
This is as a direct result from a call for action included in the Race at the Top report, launched in June this year. The report reveals that the gap of BAME people in senior leadership had widened between 2008 and 2012 in the private and public sectors. Positive conversations have been held with the Financial Reporting Council culminating in this game changing alteration to the terminology used. “
Including this small yet significant amendment will be a clear and strong signal to UK employers that the FRC understands the importance of employers embracing diversity across race as well as gender
Race at the Top includes recommendations for both employers and politicians and affirms that the timing is right for business and government to work togther for real change. By focussing on three key areas: recruitment, progression and leadership employers can support BAME workers to achieve management and leadership positions thereby ensuring the workplace is a true reflection of society. With the general election on the horizon, now is the time for political parties of all hues to ensure that race equality is high up on the agenda and featured prominently in their manifestos.
Download the Race at the Top recommendations and take action
“ Including this small yet significant amendment will be a clear and strong signal to UK employers that the FRC understands the importance of employers embracing diversity across race as well as gender ”
The Story Unfolds
Sandra Kerr OBE, Director, Race for Opportunity calls for action:
Are We In Danger of Passing the Point of No Return as BAME Management Gap Grows?
Unless action is taken now, very little will change. Race for Opportunity is calling for two words ' and race' to be added to UK Governance Code
Elitist Britain- How can We Break Through the Class Ceiling?
Britain needs to find new and creative ways to recognise talent and unleash potential.
Is Having a Race Action Plan Racist?
Blogging in support of The BBC's plan to increase the number of people it employs from Black, Asian and Minority Ethnic (BAME) backgrounds, Sandra highlights that employers need to tackle the situation now by showing leadership and commitment.
Race and Gender Inclusion Make Progress
Business in the Community Work to Move the Inclusion and Diversity Dial Forward
Opportunity Now seconded a policy officer to the Department for Business, Innovation and Skills to support the Davies review on Women on Boards. Through that, Opportunity Now directly supported dialogue between Lord Davies and the Financial Reporting Council, and supported consequent Davies recommendation on amending the Corporate Governance Code, which was taken forward by the FRC, backed by Opportunity Now members who responded to the consultation. From the beginning we called for the widening of the definition of diversity in the code, and RfO’s achievement of the addition of “and race” is hugely welcome.