Watchdog pressures companies to ensure two fifths of board members are women
The UK’s financial watchdog has proposed changes to its rules that would require listed companies to ensure at least 40 per cent of board directors are women or self-identify as women.
The proposed change is part of a consultation on a new diversity target focusing on both gender and ethnicity, as part of a bid by the Financial Conduct Authority (FCA) to improve transparency on the diversity of company boards.
Under the proposed new rules, companies will need to either “comply or explain ” why they failed to miss their new benchmarks.
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