Nearly all FTSE 100 boards have met ethnic diversity targets set by the Government's Parker Review, but progress is still slow at executive level.
A report by Sir John Parker, who was appointed by the Government in 2015 to boost ethnic diversity in UK boardrooms, found 89 of the FTSE 100 Index firms had minority ethnic members on their boards in time for the end-of-year target.
It said another five appointments had been announced by top-tier firms since the year-end, with a further three in the advanced recruitment process, leaving just three firms to signal their commitment.