Why businesses need to diversify their succession plans

Diversity and inclusion may be buzzwords for many businesses, but enlightened leaders are going above and beyond pledges, and putting their words into action

It’s been nearly a year since the death of George Floyd, which both reignited a global movement in the Black Lives Matter protests and shone a light on diversity and inclusion (D&I) in the world of business. 

Many companies at the time made very public statements and pledges regarding the level of D&I within their ranks, including L'Oréal, Barclays and the BBC. And yet a lack of diversity in companies, especially among the FTSE 100, endures. 

For the first time in six years, there are now no Black executives in any of the top three roles at Britain’s 100 biggest companies. And only ten out of the 297 leaders in the top three positions are from ethnic minority backgrounds, a number that hasn’t changed since this type of analysis began in 2014.