Report says progress on gender at small firms is largely down to more female NEDs, with “no material improvements” in ethnic diversity.
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All-white boards are unlikely to disappear from smaller listed companies for years, according to a new report.
Research into the progress of women and ethnic minority directors across the AIM UK 50 and FTSE Small Cap (SMC) 100 found some progress on diversity, but also reasons to be concerned.
“All-white boards will not disappear for years at the current rate of change,” the report from Company Matters, a governance advisory firm, concludes. It suggests that index members takes their lead from the FTSE 100, which has made much better progress.
Female representation at this end of the market has made progress. Women now account fo
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