Ethnic Minority Directors on Boards: Review Announced
The Secretary of State for Business, Innovation and Skills, Vince Cable MP, has announced that there will be a review of the number of ethnic minority directors in UK FTSE 100 companies.
Mr Cable is in discussions with the former chair of the Equalities and Human Rights Commission, Trevor Phillips, about a campaign to address ethnic diversity in business. The campaign will be similar to the work already done in addressing gender diversity.
Latest government statistics on gender diversity of boards of FTSE 100 companies reveal that:
- women now make up 22.8% of boards, up from 12.5% in 2011;
The Government set a target of 25% female representation on boards by 2015.
The ethic minority review is in the very early stages but will be a business-led, voluntary initiative.
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