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Article

6 Feb 2020

Author:
Tabby Kinder, Financial Times

UK: A third of FTSE 100 companies set to miss ethnic diversity targets, according to govt. backed review

"A third of FTSE 100 companies set to miss ethnic diversity targets", 5 Feb 2020

More than a third of Britain’s largest listed companies are likely to miss a target to have at least one director from an ethnic minority by 2021, according to a government-backed review.

Data [...] showed that 37 per cent of companies in the FTSE 100 had no non-white board members.

The boardrooms of FTSE 250 companies were even less diverse, the review found, as about 69 per cent of businesses had no directors of colour...

The Parker review was restricted on its data collection this year because of the rollout of GDPR, European data protection regulations, which meant it had to rely on data from voluntary submissions rather than public sources. Only 83 FTSE 100 companies provided data on the diversity of their directors, and 173 FTSE 250 companies.

On Monday, the Fawcett Society [...] launched an initiative to tackle gender pay disparity at UK companies... [T]he gap in pay between men and women representing all employees is about 11 per cent.

The Fawcett Society has proposed an equal pay bill to the House of Lords aimed at improving transparency by extending compulsory gender pay gap reporting [...] and introducing mandatory gender pay gap reporting by ethnicity.