FCA says diversity pipelines must be developed
Released 10 February 2020
As part of the strengthened UK Corporate Governance Code, the Financial Reporting Council (FRC) expects companies to clearly set out how they plan to develop their diversity pipeline with much improved reporting, including progress towards any measurable targets.
The FRC’s recent review of early adopters reporting against the Code found far too many had limited reporting on diversity, which included how they plan to tackle the lack of women in senior leadership positions. Those companies that did report well had clear plans to meet diversity targets – beyond just gender – and understood the long-term value diversity brings.
Further information, including a link to the research report, can be found here.