Accountancy

Accounting regulator slams diversity failures in company reports

The Financial Reporting Council wants more detail on what targets are set and how to reach them

FRC boss Sir Jon Thompson
FRC boss Sir Jon Thompson

The UK’s accounting regulator has raised concerns over how honest companies are being in their financial reports when they miss diversity targets and succession plans.

Diversity,  inclusion, and succession planning at board level, as well as in firm's talent pipelines, remain a worry, the Financial Reporting Council said in a report on 25 November.

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