Data protection risk with FCA’s diversity targets

May 12th '22

The Financial Conduct Authority (FCA) has finalised rules requiring UK listed companies to set out in their annual reports whether they have met board diversity targets. Firms will have to meet minimum targets for the representation of women and people from a minority ethnic background on their boards and in their senior executive teams or explain why they have not done so.


Kate Dodd and Tom Proverbs-Garbett review the new rules in their Outlaw article: ‘FCA finalises ‘comply or explain’ diversity rules for listed companies.’ The proposed benchmarks are at least 40 per cent of the board to be women, at least one of the senior board positions (chair, chief executive officer, chief financial officer or senior independent director) to be a woman and at least one member of the board to be from a non-white ethnic minority background.


Read the full article, here.


Source: Pinsent Masons LLP


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