Following consultation, the Financial Reporting Council announced in October 2011 changes to the UK Corporate Governance Code to strengthen boardroom diversity.  

These changes will apply to financial years starting on or after 1 October 2012.

From 1 October 2012, listed companies will need to report annually on their diversity policy in respect of the boardroom and confirm their objectives and the steps that they are taking in order to meet these objectives.  

In addition, companies will need to evaluate the diversity of the board when assessing the board’s effectiveness.