This is one of the reasons companies regularly give for not listing in the U.K.
Publicly traded companies in Britain must have, or “explain to the regulator” why they do not have:
- A minimum of 40% women on their board of directors
- A woman CEO, chairman of the board, CFO and/or Senior Independent Director
- A board member who is an ethnic minority
Why is anybody confused about why so few companies want to list here and so few promising startups scale up here?
Would you agree to put people in charge of your company on the basis of their sex or race in order to meet a diversity quota?
These rules were brought in by the Conservative Party in 2022, BTW.