London Stock Exchange is delighted to welcome the Steering Committee of the Parker Review to its Market Opening Ceremony. The market open was hosted by Jennifer Thomas, Global Head of Equity, Diversity & Inclusion.
The Parker Review today announces its 2025 report, marking a decade of progress in improving the ethnic diversity of UK business leadership.
The Parker Review was commissioned by BEIS in 2015 to consult on the ethnic diversity of UK boards. It is chaired by David Tyler and sponsored by EY. The Review made a series of recommendations in 2017 and set a voluntary target of “One by 2021” for all FTSE 100 boards to have at least one director from a minority ethnic background by December 2021 and a “One by 2024” target for all FTSE 250 boards.
In 2023, it set 50 of the UK’s largest private companies a voluntary target of having at least one ethnic minority director on the Board by December 2027. It also asked each FTSE 350 company and each top 50 private company to set its own target for December 2027, for its senior management team.
This year’s voluntary census revealed that 82% of FTSE 250 companies and 95% of FTSE 100 companies have met the voluntary target for having at least one ethnic minority director on the Board. Ethnic minorities now comprise 11% of senior management in FTSE 100 companies and 9% in FTSE 250 companies, with companies setting new targets to increase representation by 2027.
“It’s the tenth anniversary of the Parker Review following our inception in 2015. The strides made in improving ethnic representation in UK businesses, especially FTSE 350 companies, highlight a significant shift in corporate leadership over the past decade since the Parker Review was first established. We commend companies for their commitment to diversity, which strengthens decision-making and broadens perspectives at the highest levels. Thank you to the London Stock Exchange Group for marking this significant milestone.”
David Tyler