UK’s FCA consults on measures to increase boards’ diversity
Regulator may bring in “comply or explain” rule over diversity on publicly listed firms’ boards
The UK’s Financial Conduct Authority has opened a consultation on measures to increase the ethnic and gender diversity of stock exchange listed firms’ boards, by asking for responses on whether it should mandate such firms to disclose data on the topic.
It is also considering making firms provide a “comply or explain statement” on their boards’ composition. Under this proposal, firms would have to meet certain targets regarding minority representation on their boards, or issue a statement
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