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FTSE Boards ‘do not reflect the ethnic diversity of the UK’

Makbool Javaid
halloween

The Parker Review report, Beyond One by ’21, has recommended that each FTSE 100 Board should have at least one director of colour by 2021, and each FTSE 250 Board by 2024. The Government appointed Sir John Parker in 2015 to chair an industry-led review to address the absence of minority ethnic leaders in the UK’s largest companies. The report reveals that out of 1,087 director positions in the FTSE 100, only 8% of positions are held by directors of colour, of which 1.5% are UK citizens, even though 14% of the total UK population is from a non-white ethnic group. The Review makes a series of recommendations for increasing the ethnic diversity of UK Boards, including: (i) each FTSE 100 Board should have at least one director of colour by 2021, and each FTSE 250 Board by 2024; and (ii) nomination committees of all FTSE 100 and 250 companies should require HR to identify qualified people of colour to be considered for Board appointment when vacancies occur.

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