Bonuses for senior British financiers could be tied to diversity goals and boards could face extra membership targets under proposals from regulators Wednesday. Senior staff could also become directly responsible for inclusion at their companies, according to a report from the Financial Conduct Authority and the Prudential Regulation Authority. Claire Tunley, chief executive officer at the Financial Services Skills Commission, said "further action needs to be taken to mobilize the breadth of the change required". Authorities could also take the diversity of a company into account when dealing with cases relating to "non-financial misconduct", the report said. Nikhil Rathi, chief executive officer of the FCA, warned in March that firms looking to join the London stock market could potentially face quotas on the diversity of their boardrooms.

Source: News 24 July 07, 2021 17:26 UTC