Source: https://tendernation.io/opportunities/01a13c6e-a5bd-725c-9794-9d0701035801/research-services-overcoming-the-barriers-to-senior-representation-and-leaders awarded GB open procedure Suitable for SMEs # Research Services - Overcoming the barriers to senior representation and leadership by black and minority ethnic people in FTSE 100 and FTSE 250 companies [The Financial Reporting Council Limited](https://tendernation.io/buyers/the-financial-reporting-council-limited) Estimated value £36,500 to £40,000 Published 27 Sept 2021 Deadline Closed 19 Oct 2021 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Small contract value Valued under £135,018 including VAT, the lowest Procurement Act threshold for goods and services. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender \*\*\*THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE\*\*\* The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. As the Competent Authority for audit in the UK, the FRC sets auditing and ethical standards and monitors and enforces audit quality. The FRC is encouraging listed companies to increase the level of diversity at senior leadership levels. The market environment in which FTSE companies operate is increasingly diverse as a result of globalisation, increased participation in the workforce, and changing demographics. Companies need to consider how diversity and inclusion are relevant to the specific circumstances of their business, the markets they operate in, the workforce upon which they rely and the customers and communities they serve. In addition to its own monitoring of corporate governance and reporting, the FRC is interested in gathering evidence specifically on the challenges and opportunities that black and minority ethnic individuals may experience in progressing to the Boards of FTSE 100 and FTSE 250 companies, Executive Committee roles (the pipeline to Board positions), and the direct reports of members of the Executive Committee (also part of the pipeline). One of the principles of good governance is that Boards should be diverse in their composition. In the context of corporate governance, diversity is a broad concept, encompassing diversity of skills, experience, social background, personal strengths and mindset, as well as those protected characteristics included in the Equality Act 2010. This research will enable the FRC to better understand the following, with respect to companies in the FTSE 100 and FTSE 250 (with some separate analysis for each group): - What are the barriers to black and minority ethnic people progressing to senior leadership levels? If so, are there consistent themes to those barriers? - Is there established best practice for increasing the ethnic diversity of FTSE boards? How effective is that best practice in terms of outcomes and black and minority ethnic people's real experiences in FTSE companies? - Does that best practice extend to ensuring a sustainable pipeline of ethnically diverse talent with the skills and knowledge, and presence in those "feeder roles", acknowledged as being desirable to successfully attain Executive and Board positions? - Can a set of good practices/procedures be defined, or refined, that supports the progress of black and minority ethnic people to senior leadership levels, and which might be applicable to the wider business community? Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE. Read full description ## CPV classification Research and development consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/4eefa7b6-03d7-4449-a625-0d21aac27b68) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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