BOARDS FALL SHORT ON DIVERSITY EFFORTS: A U.K. report shows failure to prioritize board ethnicity.

Author:Salierno, D.

Fewer than half of Financial Times Stock Exchange (FTSE) 250 companies mention ethnicity in their board diversity policy, according to research from the U.K.'s Financial Reporting Council (FRC) and Cranfield University's School of Management. The report, Ethnic Diversity Enriching Business Leadership, also shows that most of the broader FTSE 350 lacks measurable ethnicity targets.

Only 14% of FTSE 100 companies--the U.K.'s largest publicly listed firms--set measurable objectives for board ethnic diversity; the proportion drops to 2% for the FTSE 250. Even where objectives are established, FTSE 350 companies have not made progress...

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