Investment Firms Ramp Up Pressure For Boardroom Diversity
Law360, London (October 9, 2020, 3:43 PM BST) -- Investment managers urged firms on Friday to be more transparent about the ethnic makeup of their boards after new data shows three-quarters of FTSE 100 companies failed to do so this financial reporting season.
The Investment Association, a trade body representing fund managers, said investors now expect funds to disclose the ethnic makeup of their boards in their financial reports alongside gender diversity figures, but its new data shows that the majority of firms are not meeting this expectation.
The Parker Review, an independent government-sponsored inquiry into ethnic diversity in U.K. boards published earlier this year, said that British firms should...
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