Powerful research output from McKinsey, the themes from which are hard to ignore. Some great strides are being made by some in the professional services space but there is a lot more progress needed. Its important for society but also holding back growth and profitability.
McKinsey’s research found that diversity has the most obvious impact on financial performance when it is found in executive teams and roles that are directly in charge of generating revenue. The least diverse companies, in both gender and ethnic terms, are 29 per cent more likely to underperform in terms of profitability, the consultancy said.