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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

Rule changes take the FTSE into a new diversity dawn

Diversity David Tyler FCA parker Sainsbury
Stock image of two female executives having a conversation in the office
The FCA’s new ‘comply or explain’ rules, among other requirements, set a target of 40% female representation on the board. Photograph: Maskot/Alamy

When Sainsbury’s then chairman, David Tyler, started walking the grocery chain’s shop floors in 2009 after his appointment to the board, he noticed a worrying trend.

Despite having hired an ethnically diverse workforce that often reflected the population they served, Sainsbury’s store managers were, in most cases, all white men. “And it wasn’t just me that was concerned about it. Naturally, the executive management were concerned as well,” Tyler says.

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