UK financial watchdog sets gender diversity targets for listed companies

Companies listed on the stock market should aim for women to make up at least 40% of their boards or explain why this has not been achieved, Britain's Financial Conduct Authority said on Wednesday.

The FCA also proposed that at least one senior position, such as company chair, chief executive or chief financial officer, be held by a woman, and that at least one board member should be from a non-white ethnic minority background.