About: http://data.cimple.eu/news-article/fbf5e521d6fdb1c39a597e371cb16a3bd1f047b20853d68432382d1b

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About: http://data.cimple.eu/news-article/fbf5e521d6fdb1c39a597e371cb16a3bd1f047b20853d68432382d1b Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Britain's leading business trade organisation on Thursday announced it was to launch a campaign calling for each large firm to have at least one person from an ethnic minority on its board. The CBI (Confederation of British Industry) will launch the "Change the Race Ratio" campaign alongside large companies such as the insurer Aviva, the audit firm Deloitte and tech giant Microsoft at the end of the month, according to CBI President Karan Bilimoria. "We believe that the time for change is now: business needs to take urgent action on black and ethnic minority participation at senior leadership levels," he said in a statement posted on CBI's website. The campaign urges all businesses to set targets for greater racial and ethnic diversity at senior leadership levels. Its ambition is to have at least one "racially and ethnically diverse" board member at each of the top 100 firms listed on the London Stock Exchange by the end of 2021, and one at each of the top 250 by 2024. A review in early 2020 found that 37 percent of FTSE 100 companies did not have any ethnic minority representation on boards, rising to 69 percent for FTSE 250 companies. "Our campaign will foster a community that works together and shares good practice - because we know that real change will take time, and a dedicated, concerted and collaborative effort," said Bilimoria. "We must challenge and inspire each other to push harder and do better." He cited a 2019 study by McKinsey that suggested firms with racial and ethnic diverse boardrooms tended to perform better. Rating agency Moody's recently said that the British bank Lloyds' promise to hire more black executives was good news for its risk profile, linking diversity and the evaluation of a company's debt for the first time. jbo/jwp/har
schema:headline	UK's largest business group calls for race targets in boardrooms
schema:mentions	London Stock Exchange FTSE 100 Index J.C.C. McKinsey Moody's Investors Service Infrastructure for Spatial Information in the European Community Audit Microsoft United Kingdom President of the United States Karan Bilimoria, Baron Bilimoria Aviva Confederation of British Industry Credit rating agency Jodrell Bank Observatory Real Change Trade association Deloitte
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-01 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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