Most British Fashion Companies Fail to Meet New Leadership Diversity Targets

On Wednesday, the UK’s Financial Conduct Authority issued new targets for all public companies in a bid to up representation of women and ethnic minorities on company boards and in senior leadership positions.

Under the new requirements, companies are expected to have at least 40 percent women on their boards and at least one person from a non-white ethnic minority group, as well as at least one woman in a top executive position like chair,…