FCA publishes final rules on diversity disclosures for listed companies

'Allows flexibility'

clock • 2 min read

The Financial Conduct Authority (FCA) has finalised rules that will mandate listed companies to report on their diversity at board and executive management level.

The financial watchdog has confirmed that failure to meet set targets must be accompanied with an explanation as to why. The FCA has said its approach "allows flexibility for smaller firms or those based overseas." Boards of listed companies must consist of at least 40% women, with at least one woman at senior board level, according to the FCA.  Companies must also have at least one board member from a black or ethnic minority group. According to the watchdog, businesses will be able to choose how best to collect data from their employees and report on progress. "As investors...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Banning commission is an 'extreme' outcome of Protection Market Study: FCA

Regulator tells delegates at COVER Summit North conference

Jaskeet Briah
clock 27 March 2025 • 3 min read
Building on the Friendly Society legacy

Building on the Friendly Society legacy

Response to Law Commission consultation

Andy Morris
clock 27 March 2025 • 4 min read
Spring Statement 25: Update on welfare reform

Spring Statement 25: Update on welfare reform

OBR confirms saving

Jaskeet Briah
clock 26 March 2025 • 4 min read