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.
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For further information, please contact:
Wilma Rix, Linklaters