The Financial Conduct Authority (FCA) recently outlined three new diversity targets for UK-listed companies, including a goal for boards to be at least 40% female. But will it move the needle?
. The Inclusion Initiative operates out of The London School of Economics and brings behavioral science insights to companies to help them foster more inclusive environments. The institute also has a robust research agenda to study the key obstacles that stand in the way of progress of inclusion at work."The good thing is that it is clear on the thresholds businesses must meet, and it is also clear that you need to add people to key roles, such as that of CEO," says Lordan.
Both the FCA and the gender pay gap report are missing one key ingredient: accountability and consequences for not meeting the targets."My concern is that there isn't a sanction for not meeting the goals. The only requirement is that you have to explain yourself, so my fear is that we'll end up hearing lots of different narratives and storytelling around not meeting the goals — and we'll continue to see inclusion figures that are quite depressing being printed in the press.
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