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07 December 2015

City AM: FTSE 100 bosses back EU membership as public support for a Brexit soars

Top UK bosses increasingly favour remaining in the European Union, a new survey of the FTSE 100’s chairmen shows.

Four in ten leaders of the UK’s most powerful companies want Britain to remain a part of the union unconditionally, while just over half, 52 per cent, backed staying if some aspects of the relationship were renegotiated. The figures come from Boardroom Pulse, a poll of FTSE 100 chairmen conducted by consultancy Korn Ferry.

Just nine per cent said they wanted the UK to leave the EU. 

The latest survey shows support for remaining in the EU soaring, up sharply from a year ago, when only 15 per cent backed staying unconditionally.

Dominic Schofield, senior client partner at Korn Ferry, said that EU membership support “remains strong at the highest levels of British business”.

The survey also queried FTSE chairmen on the issue of boardroom diversity, and found that most were “extremely positive” about the impact of greater female representation, as Schofield said: "Some made the point that increased female representation on boards is providing more role models for women further down the company structure, which is encouraging."

FTSE boards may be backing EU membership, but the findings fly in the face of public opinion, as the public’s support for Brexit has soared to its highest point since 2012.

Full article on City AM

© City A.M.

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