Set against an 18% declension in FTSE100 over the past year, the worrying trend regards the low percentage of black, asian and minority ethnic (BAME) senior leaders in local government is no surprise to me.
For decades, BAME colleagues have been under-represented at this level within the sector.
According to the 2011 census, BAME citizens make up 13% of the population in England and Wales. Given that there are 375 local authorities, from a crude and very simplistic perspective, around 49 chief executives should be of BAME origin.
