Author: Wilma Rix

Final FCA rules seek to boost diversity transparency for boards and executive managers

The Financial Conduct Authority has published a Policy Statement and final rules to encourage transparency about the diversity of listed company boards and senior managers. Premium and standard-listed companies will need to state in their annual reports whether they have achieved specified targets, as well as publishing numerical data on the make-up of their board and senior executive teams. Further changes encourage the use of a wider definition of diversity in company policies and the extension of diversity policies to key board committees.