New initiative for leadership and diversity
In a move to inspire the next generation of business leaders in the UK, a new government-backed Board comprised of senior industry bosses met for the first time today (25 September).
One of their key objectives will be to launch an initiative that will see men become change agents in increasing diversity and inclusion at work.
Lead the Change
The Lead the Change Board will be chaired by Emer Timmons and Denis Woulfe MBE.
They will be working with some of the most experienced names in business from across the country, to encourage business leaders to act as Change Agents to promote diversity and inclusion in business, and achieve greater equality and opportunity at the top of companies.
The Hampton-Alexander Review
The new Men As Change Agents (MACA) “Lead the Change” Board targets include
- Supporting the Hampton-Alexander Review to help target 33% of executive level FTSE 350 business leaders are women by the end of 2020.
- Ensuring that each FTSE 100 board should have at least one ethnic minority director by 2021,
- Each FTSE 250 board should have at least one ethnic minority director by 2024,
- Supporting the work being delivered by Sir John Parker.
Good for business
In the Board’s opening meeting today, 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.
Businesses missing out on talent
Companies that exclude smart, hard-working women because of their gender are said Minister for Women and Equalities, Liz Truss, missing out on a huge amount of talent.
The Men As Change Agents Board is she said being led by heads of business, who will be using their expertise and influence to work with organisations.
The Minister said that increasing equality at work is a huge benefit to business, the economy and society, she wants to make it just as easy for an ambitious women to get a job and be successful as it is for an ambitious man.”
The Co-Chairs of MACA Emer Timmons and Denis Woulfe MBE, acknowledged that the need for workplaces to become more diverse and inclusive is widely accepted by business people but there is still much more that the business community can do to lead the change.
The Co Chairs expressed their hope that by increasing the number of supportive senior business leaders, the current majority of whom are male, as change agents, and by sharing best practice and ideas which make a difference, they can help accelerate the rate of change that everyone wants to see happening.
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 your business and striving to achieve the targets set out by the Hampton-Alexander and Parker reviews.
- To promote better diversity and inclusion by sponsoring 1-3 individuals from an underrepresented group within your organisation who have the potential to secure an executive role within 3 years.
- To be an active and visible Change Agent by being part of the wider business conversation and achieving better diversity and inclusion within your organisation as a result.
Full list of MACA “Lead the Change” Board members:
- Emer Timmons – Co-chair – Founder & CEO of ET Solutions GmbH and Non Executive Director
- Denis Woulfe MBE – Co-chair – Director of Denis Woulfe Consulting Ltd
- Baroness Ruby McGregor-Smith CBE – A portfolio Non-Executive Director and Advisory Director with current positions which include the Airports Operator Association, Tideway, Mace Group and the Department of Education
- Michael Prescott – Group Managing Director, Hanover Communications
- Jonathan Bullock – A London based strategic adviser, start-up chairman, angel investor and executive coach
- Sir William Touche – London Senior Partner and Vice Chair at Deloitte
- Randall S. Peterson – Professor and Academic Director of the Leadership Institute at London Business School
- Caroline Waters OBE FRSA CiPD (Hons) – Deputy Chair of the EHRC, Vice President of Carers UK, RSPCA Trustee and Founder of CW Consulting Box
- Emma Codd – Partner of the UK professional services firm, Deloitte LLP, and Special Advisor on Inclusion for Deloitte Global
- Elysia McCaffrey – Deputy head of the Government Equalities Office and leads work on gender equality, primarily leading work to close the gender pay gap
The MACA Board website, with further information on how to sign up, can be found here