Vince Cable plans to review number of ethnic minority board members

October 1, 2014 11:58 AM
Originally published by UK Liberal Democrats

Liberal Democrat Business Secretary Vince Cable is preparing to launch a review into the lack of ethnic minority directors in British boardrooms.

Through Lord Davies' report which Vince commissioned, Liberal Democrats in government have made progress in extending the diversity of our boardrooms, bringing us to a stage where there are now no all-male boardrooms left in the FTSE100.

Just as with the Women on Boards campaign, diversity in the workplace is something that all businesses should be addressing.

That's why Vince is in discussions with former Chair of the Equalities and Human Rights Commission, Trevor Phillips and Lenny Henry about starting a new campaign which will look to address the topic of ethnic diversity in business.

The campaign is in the very early stages but the purpose will be similar to the work already done in addressing gender diversity. It will be a business-led, voluntary initiative.

Liberal Democrats believe appointments should be made on a meritocratic basis. In order to compete in today's fast paced global economy, businesses need to recruit the best person for the job.