Bank of England
However, while people from the BAME community are generally under-represented in boardrooms across Western world, there are many inspiring leaders from minority communities bringing diversity to companies in all sectors of the business sector.
To celebrate that and to raise awareness of what it calls the "diversity deficit" - UPstanding, an organisation run in conjunction with recruitment firm Audeliss, has created a ranking of the most powerful black and ethnic minority executives in the UK, USA, and Ireland, including senior figures from many of the most recognisable brands and companies operating in these countries.
Speaking about the ranking, its co-founder S
Two of the world's most powerful tech executives, Sundar Pichai of Google, and Microsoft's Satya Nadella - both members of the BAME community - are absent from the list as their respective companies chose not to nominate them for the ranking.
Check out the top executives below.