Clarity is an International Board Advisory and Executive Search firm specialising in the Retail, Consumer, Hospitality and Leisure sectors. As a female founder led business Clarity has partnered with its clients in the past to address the requirements raised by the Hampton Alexander review with respect to gender diversity. In the last three years, 44% of Clarity’s placements have been female.
Fran Minogue, Clarity’s Managing Partner says:
At Clarity we are proud of our track record on gender diverse shortlists and our contribution to increasing the number of women in senior roles, both exec and non-exec. We are hopeful, motivated and optimistic that we can influence the broader diversity and inclusion agenda within our client partners.
Diversity and Inclusion in all its forms is firmly on the board agenda with the need for increased representation finally being accepted. Investment firms including Blackrock, Vanguard Inc, Legal & General, Aviva and Blackstone now require investee Boards to show diversity across their leadership teams or risk being voted off.
The move to more diverse leadership requires company-wide acknowledgment, commitment and implementation of policies towards an inclusive environment, ultimately driven by the CEO and Board. Our exposure to senior leaders makes us well placed to share best practice and encourage change. We are continuing to develop a broad range of diverse networks across the consumer sector and beyond and are engaging with our clients with the following initiatives:
Outside of a specific search mandate we are creating a talent pipeline of candidates with sector or functional relevance who sit beyond a client’s usual network. Proactive introductions often lead to an exchange of ideas, reverse mentoring and the engagement of executives who would not normally feature in a defined search.
Identifying, developing, and introducing diverse executives who are Board ready. Data on ethnicity across FTSE organisations shows that only 98 out of 868 directors (who disclosed their ethnicity) across the FTSE 100 had ethnic minority backgrounds. In the FTSE 250, there is even lower representation with just 80 out of 1,503 directors (Parker Review, 2020).
Our initiative partners with clients to make introductions from beyond the finite number of existing board members with the aim of helping to increase diverse representation on Boards.
As well as our own initiatives, Clarity is proud to be a signatory of the CBI’s Change The Race Ratio, supporting the acceleration of diversity in business.
There is indisputable evidence that a diverse and inclusive leadership environment brings success (McKinsey: Diversity Wins, 2020). As with gender 10 years ago, ethnicity has become a priority in the current environment, but inclusivity must also reach into the LGBT+ and disability communities.
We would welcome the opportunity to continue this discussion.