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EC report on ensuring that the composition of management bodies is sufficiently diverse
European Commission report on results achieved in complying with requirements under the European Union (EU) Capital Requirements Directive (CRD) that management bodies should be diverse in terms of age, gender, geographical provenance and educational and professional background. Report identifies considerable room for improvement, both with regard to having diversity policies in place and achieving greater diversity of management bodies of banks and investment firms. Most sampled institutions are not yet compliant with the CRD requirements. Most institutions had set gender diversity targets but had not yet met them and/or had not set a timetable for doing so. Report suggests that both institutions and supervisors need to make further efforts to ensure that required diversity policies are in place.
Publisher:
Regional Standard-Setting Bodies
Release date:
Dec 2016
Type:
Consultative, discussion and issues paper
Parent:
Capital Requirements Directive - CRD IV, Benchmarking of Diversity Practices
Topics:
Gender equality, Transparency and disclosure, Corporate governance
Sectors:
Banking, Securities
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