Lack of diversity in British boardrooms could harm post-Brexit trade

FTSE 100 firms have been warned that a lack of diversity in British boardrooms could harm efforts to increase trade with non-EU states post-Brexit.

Despite the number of FTSE 100 companies with no senior level ethnic minority representation falling slightly from 62 to 58, a report by the executive search firm Green Park shows none of the companies have a female CEO or chief financial officer from an ethnic minority background.

Green Park chief executive Raj Tulsiani said: “In light of the UK’s desire to increase trade with non-EU countries, the ongoing inability of our leading companies to attract and retain leaders from east Asian and African backgrounds should be a matter for serious concern.

“The UK’s aspiration to be outward looking and open to business with the non-European world is hardly enhanced by the continued lack of challenge in the boards of our leading companies, still statistically and behaviourally dominated by men of similar cultural and educational backgrounds.”