UK: FCA publishes final rules on diversity-related disclosures by listed companies

The Financial Conduct Authority (FCA) has published a policy statement (PS22/3) setting out rule changes that will require premium and standard listed companies to make disclosures in relation to gender and ethnic diversity at board and executive management level for financial years starting on or after 1 April 2022. Under the new Listing Rule requirements, … Read more

Employment Espresso Pods: Endometriosis Awareness Month

In this podcast Employment Partner, Tim Leaver and Associate, Sian Greenley discuss the impact of endometriosis on the workforce to mark endometriosis awareness month. Endometriosis is a chronic condition that affects around 1 in 10 individuals assigned female at birth. This podcast raises awareness of the potential impact this condition can have on the workforce … Read more

A Spotlight on D&I in the Financial Services Sector

In the second of our Diversity and Inclusion Podcast Series, Christine Young, Hywel Jenkins and David Palmer discuss the key points for regulated firms in light of the regulators’ increasing focus on diversity and inclusion. Key Contacts If you would like to discuss any of the topics covered in this podcast speak with your usual … Read more

UK: Government confirms no mandatory ethnicity pay gap reporting (at this stage)

Recent data suggests that the number of companies voluntarily disclosing ethnicity pay gap data has declined sharply, bolstering calls for a mandatory approach as for gender pay data. The Government consulted on this back in 2018 and last month the House of Commons Women and Equalities Committee urged it to make ethnicity pay gap reporting … Read more

US: NLRB Poised to Revise Workplace Rules Test

In time with the political pendulum of the National Labor Relations Board (“NLRB”), the NLRB is poised to revisit the legality of many standard work rules in employee handbooks. In January, the NLRB advised it was considering revising its approach to analyzing the legality of work rules in the case Stericycle Inc., 371 NLRB No. … Read more

UK: tribunal orders bank to carry out and publish equal pay audit within 6 months, notwithstanding existing equal pay review process

The employment tribunal in Macken v BNP Paribas has recently given its remedy judgment in relation to successful claims of sex discrimination and equal pay brought by a female banker, following a two year covid-related delay to the remedy hearing.  A substantial compensation award was made, including aggravated damages in part due to the lack … Read more

UK: regulators propose new diversity and inclusion requirements for financial services

The FCA, PRA and Bank of England (the regulators) have published a discussion paper (DP21/2) which aims to kick-start discussion on how the financial services sector, with the help of the regulators, can “accelerate the pace of meaningful change” in improving diversity and inclusion (D&I) within financial services firms. The policy options being considered in … Read more

Diversity and Inclusion Ep 1: Ethnicity Pay Gap Reporting – A Race for Data

In the first of our new Diversity and Inclusion Podcast Series, Christine Young, David Palmer and Trainee Solicitor Abbi Foster discuss the current state of play with UK Ethnicity Pay Reporting, and what employers should be doing to prepare for mandatory reporting, should it become law.   To receive future podcasts in this series direct … Read more