FCA Eyes Senior Level Diversity Targets For Listed Firms
By Lucia Osborne-Crowley (July 28, 2021, 12:25 PM BST) -- The finance regulator is considering introducing new diversity targets for publicly-listed companies, including gender and ethnicity targets for board positions and senior management roles.
The Financial Conduct Authority said on Wednesday that it is asking the sector for responses to proposals that would nudge companies toward targets that aim to boost the diversity of their boards and executive teams.
The targets — which ask finance firms to ensure that their boards are made up of at least 40% women and have at least one member from a non-white ethnic minority background — would not be strict quotas, the watchdog said.
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!