FTSE 250 still has work to do to meet Parker Review standards

Shocking statistics

While nearly all FTSE 100 companies have met the diversity target set by the Parker Review, there is still work for the FTSE 250 to do, including some firms within the asset management community, and experts highlight that these figures mean nothing if there is not a cultural shift behind them.

The Parker Review set its ‘one by 2021' goal in 2017. On 16 March this year, a census from the Department of Business, Energy & Industrial Strategy (BEIS) showed 89 FTSE 100 companies had achieved the goal of having one ethnic minority director by December last year, and by March 2022, another five firms reached the goal.  Majority of FTSE 100 meeting Parker Review target John Parker, chair of the committee, said it was a "milestone year" and "the progressive leadership in FTSE boardrooms deserves our congratulations and fulsome praise".  However, Kwasi Kwarteng, secretary of state...