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FRC launches consultation on boardroom gender diversity

06/05/2011 FRC launches consultation on boardroom gender...The Financial Reporting Council (FRC) has launched a consultation into boardroom gender diversity to assess if the UK Corporate Governance Code should require listed companies to publish and report on their gender policy. 

It comes after Lord Davies published his report into female representation in UK boardrooms.

A period of consultation will run until July 29th and will seek the recommendations of key issues surrounding the Code and when the changes should be brought in.

Responding to the document, Matthew Fell, director for Competitive Markets at the Confederation of British Industry, said: "We have been calling for action to get more women on boards, and believe that encouraging companies to report on their progress is the best way to achieve this."

He urged the FRC to implement changes to the Code as soon as possible, adding: "With this issue under the spotlight in Brussels, the UK government must mount a strong case for a 'comply or explain' approach to reporting, rather than imposed quotas, to promote diversity."


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