The Investment Association (IA) has responded to former MP Chuka Umunna's tweet that nobody on its 17-strong board comes from an ethnically diverse background by pledging to appoint "at least one racially and ethnically diverse board member by 2024".
Yesterday (25 February), Umunna - who is joining JP Morgan after overseeing Edelman's ESG operations - tweeted that the IA has "no ethnic diversity on its board" after the firm announced on Wednesday that it will issue an "amber top" to FTSE 350 firms that do not disclose either the ethnic diversity of their board, or have a plan to employ at least one director from an ethnic minority background by next year. "It might be an idea to do something about that if making similar demands of companies," Umunna stated on the social media platform. In response, the IA has said it will appoint ...
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