Ivan Menezes, CEO, Diageo
Since becoming the CEO of Diageo (DGE.L) in 2013, Ivan has been passionate about driving inclusion and diversity at the company.
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In 2020 he launched a new 10-year sustainability action plan titled ‘Society 2030: Spirit of Progress’.
The plan laid out goals including increasing the representation of ethnic minorities in leadership positions to 45% by 2030, as well as increasing the percentage of Diageo suppliers from female and minority-owned businesses year-on-year.
2020 also saw the roll-out of a new learning intervention ‘Confronting Racial Bias Learning’, and the opening of Diageo’s fourth global ‘INC’ week; an employee-led, grassroots movement encouraging employees around the world to celebrate diversity.
Turbo-charging diversity and inclusion
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Oxford Foundry, University of Oxford, has launched an Entrepreneurial Fellowship Initiative to proactively ensure that we see more people from Black, Asian, and Minority Ethnic backgrounds in senior leadership positions within business, start-ups, and venture capital.
The Parker Review (March 2021) found that nearly a fifth of FTSE 100 companies lack board-level ethnic diversity, and only five ethnic minority directors occupy a CEO position, compared to six ethnic minority directors that held CEO/Chair positions in 2020. Reports have also shown that in the last ten years, less than 1% of venture capital investment in the UK went to Black entrepreneurs, and Black female entrepreneurs received just 0.02% of investment.
MIDDLEFIELD CANADIAN INCOME PCC
a cell of the Company
For the year ended 31 December 2020
55
59
60
67
68
Equity of the Fund
70
71
87
90
91
Middlefield Canadian Income Trust
Targeting high levels of stable income and capital growth, this Trust is primarily focused on Canada’s highest quality large cap businesses. This Trust is run by a private and independent asset manager located in Toronto, Canada and has delivered consistent and material income for UK investors for more than a decade.
Objective
The Fund seeks to provide shareholders with high levels of dividend income as well as capital growth over the long term.
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