Regulators Eye Linking Executive Pay To Diversity Targets
Law360, London (July 7, 2021, 3:23 PM BST) -- Britain's financial regulators invited responses from the sector on Wednesday about proposed new rules that would make senior managers directly accountable when their businesses fail to uphold diversity and on plans to link executive pay to targets for inclusion.
The Financial Conduct Authority, Prudential Regulation Authority and the Bank of England set out a series of proposals in a discussion paper. These include targets for wider representation in the workplace and measures to make senior leaders directly accountable for diversity and inclusion within their organizations.
The regulators are also looking at "linking remuneration to diversity and inclusion metrics."
The three authorities believe...
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