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FTSE 350 firms urged to unveil boardroom equality plans

FTSE 350 firms urged to unveil boardroom equality plans

Senior officials at large companies across the UK have been asked to reveal how they plan to go about tackling discrimination in the higher echelons of their firm in the near future.

In a letter signed by seven leading institutional investors - including Abigail Hernon of The Co-operative Asset Management and Eric Van La Beck of the OFI Group - chairmen of bodies listed on the FTSE 350 have been urged to unveil their proposals for boardroom equality by the end of this month.

Earlier in the year, Lord Davies was commissioned by the government to conduct a report analysing inequality in the boardrooms of the nation's biggest firms.

Within this, he stated companies on the FTSE 100 index should be aiming for a minimum of 25 per cent female representation at boardroom level by 2015, while FTSE 350 should set their own targets.

And this letter has now called on the leaders of firms in the latter group to make public their plans.

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Posted by Francesca Witney