Read: Diversity mandates eyed by UK watchdog for listed companies’ boards

The largest listed companies in London will have to appoint a minimum number of diverse board members or face regulatory scrutiny, under measures being weighed up by the UK markets watchdog. 

In one of his first major speeches detailing policy changes, Financial Conduct Authority’s chief executive Nikhil Rathi stated that financial services companies more widely will also need to improve diversity at senior levels.

Rathi pointed to Nasdaq, which has already stated that companies listed on its US exchange should have at least two non-white or female board members, or explain why not.

Read the full story in The Financial Times.

Achieve equality, through diversity and inclusion is one of the Levelling Up Goals, launched to set out clear objectives for the UK's Levelling Up challenge in the wake of Covid-19.