Diversity law and regulations

A new report has found that the proportion of British retailers with all-White boards has increased, which is seen as a setback for the industry's efforts to improve diversity.

Although South Africa’s Apartheid system legally ended with the advent of democracy in 1994, by 2021 only 15% of chartered accountants were Black. The authors examine this underrepresentation through interviews with 22 Black South Africans who earned their chartered accountancy certification in the second decade of the 21st century. While the officially mandated educational and employment barriers that previous generations faced have been dismantled, the authors found that aspiring Black accountants continue to face immense barriers to entering the profession.

While accounting firms are facing recruitment and retention problems, regulatory bodies are calling for efforts to improve diversity to be more effective, especially at senior levels. In this paper, the authors discuss 'merit' in processes of performance evaluation and career progression. Based on interviews in Big 4, mid-tier and small professional services firms in the UK, the authors explore how the working environment and culture in firms can potentially inhibit moves to improving diversity.