Chuka Umunna says corporate boardrooms need more diversity
Chuka Umunna would aim for Britain’s boardrooms to have at least 14 per cent BME members if Labour win the General Election,
“We have got to go further and look at not just gender diversity but ethnic diversity in British business leadership,” the shadow business secretary told the Evening Standard yesterday.
Over half of the UK’s blue chip FTSE 100 companies currently have no non-white board members.
The coalition has focused on increasing the number of women in boardrooms. It commissioned reviews by former banker Lord Mervyn Davies, and set a target of 25 per cent female representation by the end of this year, which is on course to be met.
Umunna praised business secretary Vince Cable for leading the effort. “He can be proud of the legacy he and Mervyn [Davies] have left,” he said.
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