BOE Set to Link Director Pay to Progress on Diversity Target (1)

The Bank of England will adopt recommendations from its governing body to link the pay of executive directors to performance on achieving targets to make a more diverse workforce.

The U.K. central bank’s court of directors also suggested that the assessment of bank managers should be linked to those targets, a plan Governor Andrew Bailey said he’d implement in full. It’s part of a broader review on how the BOE can bring more women and minorities into leadership positions.

Last month the BOE acknowledged it is falling short on its diversity and gender-pay targets. It stepped up work on those ...