FTSE 350 companies must improve reporting on diversity

FTSE 350 companies must improve reporting on diversity

The Financial Reporting Council (FRC) has published University of Exeter Business School research concerning the current extent and manner of reporting by FTSE 350 companies on diversity at board and senior management levels in their annual reports. It concludes that, although the majority of the UK’s largest companies have adopted policies on boardroom diversity, their reporting to stakeholders needs to improve. The research shows that only 15% of FTSE 100 companies fully complied with the current UK Corporate Governance Code’s (the Code) provision on diversity reporting by describing their policy on diversity, the process for board appointments, their objectives for implementing the policy, and progress on achieving them.

The report provides a snap shot of diversity reporting across the FTSE 350 (as at 1 March 2018) and shows how this has changed over time.

The analysis also shows that FTSE 350 co

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