The FCA is consulting on proposals to improve transparency for investors on the diversity of listed company boards and their executive management teams.
The proposals include changes to the FCA’s Listing Rules to require listed companies to publish annually:
- a ‘comply or explain statement’ on whether they have achieved certain proposed targets (see notes to editors) for gender and ethnic minority representation on their boards, and
- as part of the same annual disclosure obligation, data on the make-up of their board and most senior level of executive management in terms of gender and ethnicity.
The consultation closes on 22 October 2021.