Dawn Butler
Main Page: Dawn Butler (Labour - Brent East)Department Debates - View all Dawn Butler's debates with the Department for Education
(8 years, 2 months ago)
Commons ChamberMy hon. Friend rightly points out this unsettling statistic, but, as with the fantastic work to get more women on boards, we support the principles of increasing the ethnic diversity of the boards of the FTSE largest companies through a business-led voluntary approach because we believe there is a strong business case for better board diversity. We need to tackle the root cause, which is why we have established the Baroness Ruby McGregor-Smith review looking at the obstacles faced by businesses in developing BME talent across the board, from recruitment right through to executive level.
It is a little disappointing that the Government have not put as much resource into developing issues around the Parker review as women on boards, and there has been a significant drop in diversity on boards since the Government established the review, which will report in November. Many organisations, including the Executive Leadership Council, have board-ready visible minorities ready to hit the road running. Will the Minister work with me to reverse the trend?
We are very happy to work with anybody who wants to see greater board diversity and, indeed, greater diversity in business all through the pipeline. The Government are clear that we want absolutely everybody to reach their full potential in life, regardless of their background, gender or race. Valuing diversity in the workplace is not just the right thing to do; our economy cannot afford to waste the talent of a single individual.