FTSE 350 urged to improve diversity and inclusion
Business minister Margot James has written to the Chief Executives of all FTSE 350 companies, calling on them to improve diversity in the workplace.
The letter urges the companies to implement the key recommendations from the Baroness Ruby McGregor-Smith Review into black and ethnic minority progression in the workplace. These include:
- publishing a breakdown of their workforce by race and pay;
- setting aspirational targets; and
- nominating a board member to deliver on those targets.
In the Government’s response to the review, it stated that a business-led, voluntary approach is right for the present but it will monitor progress and take further action if necessary.
Click here for the BEIS press release.