Context
The FCA has published its Policy Statement on diversity on company’s boards and executive committees which introduces new Listing Rules to require issuers to include a statement in their annual financial report setting out whether they have met specific board diversity targets.
Key points to note
- Within the Policy Statement there is also reference to the FCA’s wider work on diversity and inclusion in the financial services sector but the date for a Consultation Paper on this seems to keep being pushed back. We have included the extract below:
Next actions
Whilst this currently only applies to listed companies we feel it does indicate the FCA’s direction of travel on this topic.