Monday, 13 September 2021

UK: FCA consultation - Listing Rules - disclosure - board diversity targets

Some catching-up to do - by me! Over the summer, the Financial Conduct Authority published a consultation paper in which changes were proposed to the Listing Rules that would require certain companies to disclose, on a comply or explain basis, whether several board diversity targets have been met: see here (pdf). The consultation closes on 20 October. The targets are these:

  1. At least 40% of the board are women (including individuals self-identifying as women).
  2. At least one of the senior board positions (Chair, CEO, SID or CFO) is held by a woman (including individuals self-identifying as a woman) 
  3. At least one member of the board is from a non-White ethnic minority background (as categorised by the ONS). 

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