The BAME communities make up 14% of the UK population but FTSE boards won’t reflect that demography. Gillingham and Rainham MP Rehman Chishti MP raises ethnic minority representation on FTSE company boards at PMQs….reports Asian Lite News. “Will the government support a vision to help increase that to 10% by 2021?”
Gillingham and Rainham MP Rehman Chishti today raised the issue of ethnic minorities and their presence on FTSE boards. Addressing David Lidington, who was filling in for Prime Minister Theresa May at Prime Minister Questions, Mr. Chishti said: “I applaud the Prime Minister’s vision for a government for all. As chair of the All-Party Parliamentary Committee on Community Engagement, the FTSE 150 has less than 4% of individuals from an ethnic minority background on its boards. “Will the government support a vision to help increase that to 10% by 2021?”
In his response, Leader of the House of Commons David Lidington replied: “It’s very clear that boardrooms need to do more to reflect the reality of modern Britain and the government certainly supports the principle of increasing the diversity of boards.
“That’s why we (the government) are supporting the business-led Ethnic Diversity Initiative that is chaired by Sir John Parker and we very much encourage businesses to act on Sir John’s recommendations.”
“I am very pleased that the government endorses companies having greater diversity on boards. Given that BAME communities make up 14% of the UK population, it is right that company boards broadly reflect the UK’s demography,” added Mr Rehman. “Whilst there is more work to be done, women are now represented on FTSE boards better than ever before and I commend the government for this.
“As Chair of the All-Party Group on Community Engagement, it is right that greater representation on FTSE boards is also sought for ethnic minorities.”