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United Kingdom
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Key definition
Diversity definition

What does Diversity mean? In legal practice, diversity describes designing or procuring two or more separate and dissimilar systems that perform the same function so that a single fault, common design error or shared dependency is less likely to disable all protections at once. It complements redundancy: rather than like-for-like duplication, the systems are independent and varied (for example, different vendors, technologies, code bases, power feeds or physical routes). This is not generally defined in statute or case law; it is a descriptive risk‑control concept recognised in regulator guidance and industry standards, and is routinely addressed in contracts, safety cases and procurement for critical infrastructure,...

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Board diversity governance and disclosure for UK issuers and large private companies: UK Corporate Governance Code, FCA Listing Rules, DTRs, strategic report, Wates Principles and investor expectations

Practice notes
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Practice Note

Since Lord Davies of Abersoch’s government-backed review into gender diversity on listed company boards appeared in February 2011, the issue of women’s presence in boardrooms has stayed firmly in the news. That review sought to pinpoint obstacles curbing women’s progression to the board and to propose steps for government and businesses to raise the share of women on boards. In 2017, the government-backed Parker Review, chaired by Sir John Parker, examined ethnic diversity across UK boards and concluded that directors from minority ethnic backgrounds were significantly under-represented within the country’s top companies. The report set out the business case for greater ethnic diversity and introduced a goal to eliminate ‘all-white’ boards by 2021 for FTSE 100 companies and by 2024 for FTSE 250 companies. More recently, the Financial Reporting Council (FRC) and investor groups have sharpened attention on further facets of diversity, including disability, religious belief, sexuality and socio-economic background. This Practice Note summarises the corporate governance framework for board diversity, covering obligations under the Disclosure Guidance and Transparency Rules (DTRs), the UK Corporate Governance Code (UKCG Code), guidance...

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Web page updated on 21/05/2026

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