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1 out of 20 is bad!

15 November 2017

Just one of the UK’s 20 largest accounting firms is led by an executive with a Black, Asian and minority ethic (BAME) background, says Green Park and Operation Black Vote (OBV).

And that one? Well it’s Rakesh Shaunak, group chairman of MHA MacIntyre Hudson.

OBV’s Simon Woolley was scathing in his criticism of the firms. He said: “The findings are deeply troubling: accounting firms serve the whole business population and would be immeasurably more effective with a greater diversity of views to serve our increasingly multifaceted, multicultural society.

Woolley felt that the findings paint a negative picture of opportunities for Britain’s Black, Asian and minority ethnic communities to reach the very top jobs in the UK.

Green Park’s Raj Tulsiani point out that the findings underline the reasons why leaders are being confronted with a steady erosion of public trust in institutions that provide business advice. He went on to say: “For many the absence of diversity in the accounting sector is a clear signal that firms don’t understand the need to modernise to reflect their customers.” He wanted to know why the upper echelons of the leadership with the UK’s accounting sector in no way resembles the diverse constituents of British society. “It simply isn’t acceptable,” he said.

* Analysis also found that only 15% of the leading firms in the sector are headed by a female CEO.

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