30% Club warns of increased action on diversity laggards

Group has more than £11trn in AUM

The 30% Club UK Investor Group has warned it will consider voting against the re-appointment of board members at companies “failing to demonstrate sufficient commitment” to race equity.

The group also wrote to FTSE 100 companies that have yet to comply with the Parker Review's deadline to have at least one board member and executive committee member from an ethnic minority background. The letter warned the laggards that investors will consider voting against companies at annual general meetings if they do not take action. "We ask that companies, in addition to disclosing racial diversity data where permitted, establish a level of transparency on par with current gender diversity disclosure and set out how they plan to increase racial diversity and inclusion in their ...