Parker Review into FTSE 100 Diversity

The Parker Review Committee, headed by Sir John Parker, has set formal targets for FTSE 100 and FTSE 250 companies to achieve better diversity when it comes to ethnic minorities in the boardroom.

UNDEFINED - Thursday, October 12, 2017

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As of July 2017, just 85 out of 1050 FTSE 100 director positions were held by ethnic minorities, and only two percent of director positions in the FTSE 100 are held by UK citizens from ethnic minority groups, although this group makes up 14 percent of the UK’s population.

The committee is calling for all FTSE 100 boards to have at least one member from ethnic minorities by 2021 and for the same to be true of FTSE 250 groups by 2024.

Parker himself has announced that he will be stepping down from his position as chairman of Anglo American, and he said that the report has identified that there would be clear commercial benefits for companies that addressed the diversity issue, and that if Britain wants to remain at the forefront of global business then it is important that the companies listed here make progress towards diversity so that the company boards more accurately reflect the people who work for them and the communities that they serve.

Business minister Margot James encouraged companies to act on the report’s recommendations, noting that there would be economic and social benefits for the companies that led from the front and started work on tackling the issue to improve the diversity of their own boardrooms.


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