On 20 April 2022, the UK Financial Conduct Authority (“FCA”) published its Policy Statement PS 22/3 on disclosures regarding diversity and inclusion targets for the boards and executive committees of UK-listed companies. These measures reflect the growing importance of Environmental, Social and Governance (“ESG”) considerations, and have gained particular traction in the financial services sector,
Representative Maxine Waters (D-CA), the newly appointed Chair of the House Financial Services Committee (the “Committee”), took a first step last week towards one of the major priorities of the Committee under her leadership – the promotion of diversity and inclusion in the financial services sector. The first change under the new Chair’s watch was the creation of a new subcommittee to support this objective. Chair Waters’ other agenda items for the Committee continue to take shape, but she has previously indicated that her focus will be on, among other things, protecting consumers and investors from abusive financial practices, ensuring appropriate safeguards are in place to prevent another financial crisis, expanding affordable housing opportunities and tackling homelessness, and encouraging responsible innovation of financial technology.
Continue Reading Renewed Focus on Diversity and Inclusion for Rep. Waters-led House Financial Services Committee