Tesco Chairman Regrets Saying White Men on Boards Are Endangered

Tesco Plc Chairman John Allan backtracked on his comments about the disadvantages for white men in corporate boardrooms as critics urged greater diversity of the retailer’s directors and some shoppers said they would boycott the U.K.’s biggest supermarket chain. “The point I was seeking to make was that successful boards must be active in bringing together a diverse and representative set of people,” Allan said Saturday in a statement on Tesco’s website.