FCA consults on proposals to boost disclosures of diversity on listed company boards and executive committees

Regulatory Updates | 03/08/21

The FCA is consulting on changes to its Listing Rules to require listed companies to publish annually:

  • A ‘comply or explain statement’ on whether they have achieved certain proposed targets 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 FCA is also proposing changes to its disclosure and transparency rules to require companies to ensure any existing disclosure on diversity policies addresses key board committees and also considers broader aspects of diversity.

The consultation runs until 22nd October 2021.

Source: FCA