CEO challenges ‘too white, too male’ boardroom culture

Imbalance needs resolved - McEwan
Imbalance needs resolved - McEwan

Royal Bank of Scotland CEO Ross McEwan pledged to tackle a lack of diversity in British boardrooms by combating a “too white and too male” culture.

He said the bank, 72% owned by the taxpayer, has made strides in promoting women into senior roles but admitted it still has work to do in ethnic diversity.

“We’ve set ourselves the target of having initially 30% of our top 700 executives as females by the end of 2020.

“We actually reached that target last year, so have changed the target to make it more difficult.

“Ethnicity, I think, is a big issue for this organisation. We need to be reflecting the types of people our customers are.

“Too white and too male is something that we’re now starting to concentrate on.

“I think it’s beyond the male and female and I think there are a lot of other areas that we should be thinking about,” he told the BBC.

His comments come in the same week data from Green Park showed 58% of FTSE 100 boardrooms still have no ethnic minority representation.

It follows the Government-backed Parker Review, which found “disproportionately” low levels of diversity across UK boardrooms.

The review, which was released in November last year, subsequently recommended one director of colour be appointed to each FTSE 100 company by 2021, and to each FTSE 250 board by 2024.