The biggest UK firms should have at least one black, Asian, or minority ethnic (BAME) member on their boards by 2021,
business group the CBI has said.
Backed by companies such as Microsoft and law firm Linklaters, it said firms needed to set “clear and stretching targets” to improve diversity.
Currently more than a third of FTSE 100 firms do not have ethnic minority representation at board level.
The CBI said progress had been “painfully slow”.
The industry group said research from consultants McKinsey showed that companies with more gender and ethnic diversity were likely to be more profitable than their peers.
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