IA to issue 'amber top' to FTSE 350 companies not disclosing ethnic diversity of boards
'Decisive action' to meet Parker Review targets
Parker Review target is for companies to have at least one director from an ethnic minority background by 2021
FTSE 350 companies that fail to disclose either the ethnic diversity of their board, or provide a "credible action plan" to achieve the Parker Review targets in the upcoming AGM season, will be issued an 'amber top' by the Investment Association's Institutional Voting Information Service (IVIS).
The IA said that it was also increasing the threshold for the number of female directors on boards as investors seek "greater progress" on gender diversity. Companies with 30% or fewer female directors...
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