Corporate Leadership
U.K. Targets 40% Women and More Racial Diversity in Boardrooms
- Financial Conduct Authority plans ‘comply or explain’ goals
- Watchdog hopes data-sharing will encourage firms to act
Photographer: Hollie Adams/Bloomberg
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London-listed companies should have at least 40% women and one non-White director in their boardroom, under the most detailed plans yet from British financial regulators to increase diversity in corporate life.
The Financial Conduct Authority’s proposals, published Wednesday, said at least one senior board position should be also held by a woman. While these goals aren’t binding, companies will be required to explain if they fall short, and all firms must publish data on the diversity of senior management.