- 3 Jul 2023
FCA diversity targets How they affect boards and candidates
The Financial Conduct Authority has finalised rules requiring listed companies to report information and disclose against targets on the representation of women and ethnic minorities on their boards and executive management, making it easier for investors to see the diversity of their senior leadership teams.
The FCA’s approach sets positive diversity targets for listed companies. If they cannot meet them, they need to explain why not. This approach allows flexibility for smaller firms or those based overseas. The rules also allow companies to decide how best to collect data from employees to show they are meeting the targets.
Read the report here.
This event will discuss how the new targets affect decision-making Board members and diverse candidates. Attendees will hear from experts who will cast light on what it means in practical terms for existing and prospective Board members.
This event will be moderated by Vanessa Dal Busco - Chair of the IoD Glass Ceiling Group.
I. Stephanie Boyce - Immediate Past President of the Law Society of England and Wales
I. Stephanie was the 177th President, sixth female and first person of colour, of the Law Society. Leading through Brexit, a pandemic, war in Ukraine, Afghanistan, the death of Her Majesty the Queen and the biggest changes to solicitors training and qualification in 30 years: her leadership crucial to the Society’s stability and successes, securing concessions from government on judicial review, the Bill of Rights and the solicitors indemnity fund. She was appointed to the UK Government Socio-Economic Taskforce, a Commissioner with the National Preparedness Commission and the Shinkwin Commission, sits on the Thomson Reuters Women in Law Advisory Board, and recently received a Lifetime Achievement Award for her work on EDI and contribution to the profession.
Lily Searle, Senior Associate at Fieldfisher Employment view
Lily Searle is a Senior Associate in Fieldfisher's Equity Capital Markets team. Lily has experience of both Main Market and AIM IPO's, fundraisings and acquisitions. Lily regularly act for issuers, investment banks and brokers and has a particular interest in the life sciences and resources sectors. Lily has a strong interest in governance and diversity and has been closely following the FCA's changes to the Listing Rules concerning diversity reporting and board composition targets.
Ranjhit Dhindsa, Head of EPIC
Ranjit Dhindsa holds a number of management positions within Fieldfisher. She is a member of the Executive Committee which sets strategy for the firm, the UK Head of EPIC (Employment, Pensions, Immigration and Compliance) with teams in London, Birmingham, Belfast and Manchester. She is also the Office Leader for Birmingham, the firm's centre of excellence for Specialist Litigation and Business Transformation. She was previously a member of Council at Aston University and sat on its Audit and Risk Committee. She is currently a Special Adviser to a social enterprise business called Miss Macaroon. Ranjit is an Inclusion and Diversity Champion.
Vanessa Dal Busco, Marketer, Entrepreneur, Women’s Rights Campaigner
After working in the corporate sector for 20 years Vanessa now works with clients to communicate their business values to a wider audience.
Vanessa volunteers on various City of London committees. She has a law degree and a miniature pinscher called Beetroot.
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