Just in:
PolyU forms global partnership with ZEISS Vision Care to expand impact and accelerate market penetration of patented myopia control technology // Andertoons by Mark Anderson for Thu, 25 Apr 2024 // Sharjah Census Gears Up for Final Enumeration Phase // ESG Achievement Awards 2023/2024 is Open for Application, Celebrating Innovative Sustainable Practices and Responsible Risk Management // UAE Scrutinizes Report on Racial Discrimination Treaty // AVPN Charts Path Forward at 2024 Global Conference // Abu Dhabi Secures US$5 Billion in Fresh Funding // New Dynamics in Cryptocurrency Security: ZUHYX Builds the Strongest Fund Protection System // Etihad Airways Announces Paris Service with A380 // Ministry of Agriculture Supports Taiwanese Tea’s Entry into Singapore Market to Boost Global Presence // Dubai Gears Up for Second FinTech Summit as Funding Surges // DIFC Courts Cement Role as Top English Dispute Resolution Choice // Cobb’s Game-Changer: Introducing One-Stop Event Transport Management Solution // Leading with Compliance, ZUHYX Earns the Canadian MSB License // Lai & Turner Law Firm PLLC Welcomes Eric Strocen as Director of Family Law Division // Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill” // Election Commission Has A Dismal Record On Acting Against Modi’s Breaches Of Poll Code // Prince Holding Group’s Chen Zhi Scholarship Clinches Silver Stevie for CSR Excellence at Asia-Pacific Stevie Awards // Astana International Exchange Connects with Regional Markets Through Tabadul Hub // Cairo Recognizes Arab World’s Creative Luminaries at Award Ceremony //

White men an 'endangered species' in UK boardrooms – Tesco chairman

ADVERTISEMENT

LONDON The chairman of Britain’s biggest retailer Tesco has said he was joking after telling an audience of aspiring non-executive directors (NED) that white men were “an endangered species” in UK boardrooms.

John Allan, who became Tesco chairman in 2015, told the Retail Week Live conference earlier this week that women and people from an ethnic background were in an “extremely propitious period” when it came to getting top jobs in business.

“For a thousand years, men have got most of these jobs, the pendulum has swung very significantly the other way now and will do for the foreseeable future, I think,” British newspapers quoted Allan as saying.

“If you are a white male, tough. You are an endangered species and you are going to have to work twice as hard.”

Allan later told the Guardian his comments, made the day after International Women’s Day, were not meant to be taken at face value and that they had amused his mainly female audience.

“It was intended to be humorous, a bit hyperbolic. Clearly, white men are not literally an endangered species, but I was actually wanting the make the reverse point, which is that it is a great time for women and people of ethnic minorities who want to get on in business.”

In a statement on Saturday, Allan said he was a strong advocate of greater diversity and regretted if his remarks had given the opposite impression.

“The point I was seeking to make was that successful boards must be active in bringing together a diverse and representative set of people,” he said. “There is still much more to be done but now is a good time for women to put themselves forward for NED roles.”

The proportion of female directors among FTSE 100 companies is 26 percent, according to the Guardian, while only 10 percent of executives at those same firms are women.

Allan had told the conference that Tesco had appointed an almost entirely new board in the last 18 months and that three of the six new non-executive directors were women.

However, Tesco’s board still only has three women and all its members are white. According to the Cranfield School of Management’s 2016 “Female FTSE Index” of the top 100 UK companies, Tesco ranked 33rd.

(Reporting by Michael Holden; Editing by Alexander Smith)

-Reuters

ADVERTISEMENT

ADVERTISEMENT
Just in:
Etihad Airways Announces Paris Service with A380 // NetApp’s 2024 Cloud Complexity Report Reveals AI Disrupt or Die Era Unfolding Globally // Lee Chong Wei Shows Up On Chinese Hot cultural Talk Show “SHEDE Wisdom Talents”, Talking About “Crossing The Hill” // ZUHYX Exchange: Embracing Social Responsibility for a Sustainable Future // Dubai Gears Up for Second FinTech Summit as Funding Surges // Quality HealthCare Partners with eHealth to Enhance Patient Treatment Efficiency // Lai & Turner Law Firm PLLC Welcomes Eric Strocen as Director of Family Law Division // Prince Holding Group’s Chen Zhi Scholarship Clinches Silver Stevie for CSR Excellence at Asia-Pacific Stevie Awards // Ministry of Agriculture Supports Taiwanese Tea’s Entry into Singapore Market to Boost Global Presence // Election Commission Has A Dismal Record On Acting Against Modi’s Breaches Of Poll Code // Cairo Recognizes Arab World’s Creative Luminaries at Award Ceremony // UAE President, Spanish Prime Minister Hold Phone Talks // Telecom Giant Du Eyes Crypto Integration for FinTech Platform // UAE Scrutinizes Report on Racial Discrimination Treaty // Abu Dhabi Secures US$5 Billion in Fresh Funding // New Dynamics in Cryptocurrency Security: ZUHYX Builds the Strongest Fund Protection System // GE Jun, Chairman and CEO of TOJOY, Delivers an Inspiring Speech: “Leaping Ahead Again” // ESG Achievement Awards 2023/2024 is Open for Application, Celebrating Innovative Sustainable Practices and Responsible Risk Management // Oman Seeks Growth Through Strategic Economic Alliances // Andertoons by Mark Anderson for Thu, 25 Apr 2024 //