New government board on diversity and inclusion holds first meeting

A new government-backed board met this week for the first time with the aim of encouraging business leaders to act as Change Agents to promote diversity and inclusion.

The Men As Change Agents (MACA) “Lead the Change” Board will support the Hampton-Alexander Review to help target 33% of executive level FTSE 350 business leaders are women by the end of 2020. Board members will also work to increase ethnic diversity in an effort to ensure that each FTSE 100 board should have at least one ethnic minority director by 2021, and each FTSE 250 board should have at least one ethnic minority director by 2024.

In the Board’s opening meeting, the co-chairs emphasised how diversity and inclusion is good for business, with organisations in the top 25% for gender diversity on their executive teams, 21% more likely to have profits above their industry average.

As part of the Men As Change Agents initiative, business leaders are invited to pledge to:

• To take personal responsibility for promoting better diversity and inclusion in their business and striving to achieve the targets set out by the Hampton-Alexander and Parker reviews.
• To promote better diversity and inclusion by sponsoring one to three individuals from an underrepresented group within their organisation who have the potential to secure an executive role within three years.
• To be an active and visible Change Agent by being part of the wider business conversation and achieving better diversity and inclusion within their organisation as a result.

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