Spencer Stuart warns companies against ‘one and done’ mentality after meeting minimum targets
The push by UK companies to diversify their boardrooms is stalling, with fewer ethnic minority directors appointed in 2024 and women still struggling to occupy the most senior roles such as chair and chief executive, new data shows. Headhunter Spencer Stuart, which carried out the research, said there was a risk that some companies were now “resting on their laurels” after meeting targets for minimum levels of representation for minorities.
This is the first drop since Spencer Stuart started tracking this data in 2019. Headhunters and boardroom consultants have said that despite a concerted diversity push in recent years, there was a risk of boardrooms slowing these efforts as they seek experienced hands to guide them through economic and political turbulence. Gaunt said the “flight to experience” and the fall in diverse boardroom appointments were connected.
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