Richard Burge, CEO of London Chamber of Commerce and Industry (LCCI) said:

“Tackling representation across company boards and executive committees is a critical issue and we are pleased by the FCA’s new requirement for listed companies to report and disclose information relating to the diversity of their senior leadership teams. It is a significant step in the right direction for inclusion.

Businesses should strive to not only reach, but go beyond the targets that are set out by the FCA in order to drive forward successful businesses. It is imperative that that women and individuals from ethnic minority backgrounds are rightfully given seats at the table, as it is clear that reflective leadership can encourage and inspire future generations.

While it will affect larger companies more obviously, LCCI hopes that smaller and medium sized companies that are the lifeblood of the capital’s economy recognise the importance of this regulation and seek to reflect it within their own companies – whether required or not.”