Almost half of Britain’s leading quoted companies now have a director of colour on their boards after the number more than doubled this year.
According to Thomson Reuters, there was a 108% jump in the number of ethnic minority directors on FTSE 350 boards, from 59 in 2020 to 123 this year.
As a result, 45% of FTSE 350 companies, excluding investment trusts, now have a director of colour on their board, up from 21% in 2020.
Legal & General demanded last year that all FTSE 100 companies have an ethnic minority director by 2022, warning that it would vote against any all-white boards. The CBI has made a similar call.
