Sunday, November 11, 2012

Lord Browne Raises Questions Over City 'Homophobia’

THE SUNDAY TELEGRAPH: Lord Browne, the former chief executive of BP, has raised the spectre of homophobia in the City and questioned why there are no openly homosexual chief executives running Britain’s biggest companies.

The industrialist, who resigned from the oil giant in 2007 after lying in court to cover up circumstances linked to his sexuality, believes that homosexual men and women may not be being chosen for top jobs at FTSE 100 companies because of their sexuality.

Speaking to The Sunday Telegraph, Lord Browne, who is now openly homosexual, said that he believes gay rights should be as high on the agenda as other issues such as gender and race.


His comments, in the wake of the recent campaign to ensure fair representation of women in senior board roles, shine a light on an issue that is rarely discussed in the upper echelons of Britain’s leading companies.

Asked if homophobia exists in the City of London, Lord Browne said: “There appear to be no out gay chief executive officers in the top companies listed on the FTSE.

“This cannot be for want of talent. That leaves two explanations: either LGBT [lesbian, gay, bisexual and transgender] candidates are self-selecting away from these positions, or they are not being selected for them.” » | James Quinn, Deputy Sunday Business Editor | Sunday, November 11, 2012