FRC says approach to board ethnic diversity is unsatisfactory
Released 05 February 2020
Over half of FTSE 250 companies fail to mention ethnicity in their board diversity policy, and most of the FTSE 350 do not set measurable ethnicity targets, according to new research from the Financial Reporting Council (FRC).
The 2020 Parker Review, which includes the FRC research, showed that 150 companies out of 256 did not have at least one director of colour on their Boards, with less ethnic diversity observed on the boards of FTSE 250 companies: 37% of FTSE 100 companies, and 69% of FTSE 250 companies, do not currently meet the Parker Review target.
To improve ethnic diversity, the Parker Review recommends each FTSE 100 Board should have at least one director of colour by 2021 and by 2024 for the FTSE 250.
For further information, see the FRC press release Most UK companies’ approach to board ethnic diversity is unsatisfactory.