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Vince Cable calls on business to improve diversity

DIVERSITY CALL: Vince Cable (PA)

LIBERAL DEMOCRAT politician and business secretary Vince Cable has called on the UK’s leading companies to do more in hiring black and ethnic minorities for senior positions.

Recent figures have revealed that over 50 per cent of the FTSE 100 firms have no non-white directors.

Cable said: “I can think of very few black people at the top end of British business.

“What we've been doing with gender is right, but diversity is more than that.

“The area is neglected. It needs serious consideration.”

The study into the number of BME people in senior jobs at top companies was led by Trevor Phillips, former chairman of the equalities commission, and Richard Webber, of King’s College London.

It also found that two-thirds of FTSE 100 firms have no BME executives at board level.

There have been previous government-led drives to improve the number of women at board level, and Cable urged for a similar initiative to take place.

Furthermore, the report claimed that the lack of diversity risks the UK’s competitiveness.

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