The “one by 2021” campaign to increase ethnic minority representation on UK boards has seen “significant progress”—but laggards remain.
With improved gender diversity on boards, the latest report from the Hampton-Alexander Review turns its attention to female leaders.
A count by diversity campaign group the 30% Club shows that there is now a woman on the board at every company in the FTSE 100 and FTSE 250.
Fund manager warns FTSE 100 nomco chairs that it will vote against reappointments “if they fail to meet expectations on ethnic diversity”.
The Investment Association and Hampton–Alexander Review team have written to 63 companies asking how they intend to improve the gender balance on their leadership teams.
Latest update of Sir John Parker’s report finds 37% of FTSE 100 companies surveyed have no ethnic minority representation on their boards.
The Investment Association recommends all companies publish dividend policies after its research revealed 22% of FTSE-listed firms fail to seek an annual shareholder vote on distributions.
The only surprising thing about business minister Kelly Tolhurst’s letter raising the issue of ethnic minority representation on UK company boards is that it has taken so long.
Both Legal & General Investment Management and The Investment Association have fired warning shots at FTSE 350 boards to improve gender diversity, or face the consequences.
Vanda Murray’s appointment as chairman of Fenner plc last year was a baptism of fire, but she has risen to the challenge, despite increased directorial pressure.