Connect with us

Hi, what are you looking for?

Investing

More minorities and women get seats on boards

Two thirds of FTSE 350 companies have at least one board member from an ethnically diverse background, new data has found, with more representation among the biggest companies.

Research from Thomson Reuters Practical Law found that 66 per cent of companies who have chosen to disclose their board composition have some degree of ethnic diversity, up from 45 per cent last year.

The research found that FTSE 100 companies have better ethnic representation, with 84 per cent reporting at least one board member from a diverse background compared with 55 per cent in the FTSE 250. Overall, 268 companies of the 350 reported their figures.

Since 2021, companies listed on the FTSE 100 are required to have at least one director of colour on their boards. FTSE 250 companies should meet the target by 2024.

The report also found a small increase in gender representation at director level, with 40 per cent of directorships at FTSE 100 companies held by women, up from 39 per cent in 2021.

At the board level, all FTSE 100 companies now have at least two female members. For smaller FTSE 250 companies, 36 per cent of total board positions are held by women, up from 32 per cent in 2021 and 30 per cent in 2020.

Within the FTSE 100, Diageo, Shell, Auto Trader, Admiral and Phoenix had majority female boards and another eight companies had a 50-50 split.

A new government review this year has recommended that FTSE 350 businesses meet a voluntary target to have 40 per cent female representation in leadership positions by the end of 2025.

Smaller companies listed on the AIM 50 have only 20 per cent of board roles occupied by women.

Read more:
More minorities and women get seats on boards

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES under President Ferdinand R. Marcos, Jr. would probably keep close economic ties with China despite a...

Economy

THE PHILIPPINE Justice department has invited a forensic expert from the United Nations (UN) to improve local capacity in investigating extrajudicial killings in connection...

Economy

A CIVIC group on Sunday asked the Bureau of Internal Revenue (BIR) to be fair in its clampdown against tax evaders, citing the tax...

Economy

THE PHILIPPINE legislature, with majority of both chambers allied with the Marcos administration, should exercise its authority as an independent body in keeping watch...

Economy

SENATOR Sherwin T. Gatchalian has filed a resolution to look into the implementation of a law that protects students from bullying and other forms...

Economy

THE HOUSE Speaker on Sunday directed the agriculture and food committee to conduct a probe and possibly recommend the filing of charges against alleged...

You May Also Like

Investing

Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...

Investing

The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.