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More minorities and women get seats on boards

Two thirds of FTSE 350 corporations have not less than one board member from an ethnically various background, new information has discovered, with extra illustration among the many greatest corporations.

Research from Thomson Reuters Practical Law discovered that 66 per cent of corporations who’ve chosen to reveal their board composition have a point of ethnic variety, up from 45 per cent final 12 months.

The analysis discovered that FTSE 100 corporations have higher ethnic illustration, with 84 per cent reporting not less than one board member from a various background in contrast with 55 per cent within the FTSE 250. Overall, 268 corporations of the 350 reported their figures.

Since 2021, corporations listed on the FTSE 100 are required to have not less than one director of color on their boards. FTSE 250 corporations ought to meet the goal by 2024.

The report additionally discovered a small improve in gender illustration at director stage, with 40 per cent of directorships at FTSE 100 corporations held by women, up from 39 per cent in 2021.

At the board stage, all FTSE 100 corporations now have not less than two feminine members. For smaller FTSE 250 corporations, 36 per cent of complete 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 feminine boards and one other eight corporations had a 50-50 break up.

A brand new authorities overview this 12 months has really helpful that FTSE 350 companies meet a voluntary goal to have 40 per cent feminine illustration in management positions by the top of 2025.

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

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