Back in February 2021 we announced that US2U Consulting was one of 75 UK businesses to sign up to the Change the Race Ratio initiative. The idea of Lord Bilimoria, pictured with Rachel Blackburn, was to grasp the moment to create real and lasting change to improve the racial and ethnic diversity across company boards and senior leadership positions in UK businesses.
There are currently 100 signatories for the initiative and all were invited to a Reception on the Thames at Tower Bridge Quay, London, hosted by the British Television Presenter June Sarpong OBE. Key points from the various speakers who presented during the evening included:
• Only 20% of FTSE 100 companies have signed up to the Change the Race Ratio
• There are still no FTSE 100 companies with a black Chairperson, Chief Executive Officer or Chief Financial Officer
• When recruiting, to make a statement along the lines of "We embrace diversity but won't compromise on merit" can be seen as patronising and an inappropriate comment - as it's assumed that the best candidate will not be from an ethnic minority
• Black people who are capable to do key roles may feel like an "imposter" and may benefit from a mentor or sponsor to help them navigate the career ladder
Lord Bilimoria said "It's a dream come true to have this evening; it's proven that to have more diverse senior leadership makes good business sense as more diversity leads to more innovation."