TMT companies are often the first to develop innovative solutions and to face increasingly sophisticated regulation of key technologies they develop. As such, they have a unique opportunity to shape many areas including data strategies aligned to I&D, the future of remote work, and due diligence requirements for supply chains. A focus on data ethics underscores companies’ management of tangled data regulations and obligations as stewards of data. Additionally, TMT companies will also continue to develop and support innovative technologies to access and store renewable energy.
The EU has reached a political agreement on long-mooted proposals for board gender quotas. If finalized, listed companies would need to ensure that either 40% of their non-executive directors or 33% of all directors are from the underrepresented gender by June 2026. Some jurisdictions may be exempt from implementing the new rules to some extent where existing national provisions already meet minimum requirements set out in the proposed directive.
The Minister for Work and Pensions and Minister for Women has confirmed that the government is not currently planning to introduce menopause as a protected characteristic under the Equality Act or to implement dual discrimination. Instead, the government will consult the Equality and Human Rights Commission, and Acas, to assess whether improvements can be made to increase understanding of the law in this area.
A campaign to improve diversity must be fought on many fronts. In May 2022, a panel of I&D experts, including best-selling author Dr. Stefanie Johnson, discussed the findings of the report Mind the Gap: Insights from Global Employment Leaders and the steps diversity and HR leaders are taking to accelerate I&D progress and the challenges they are encountering.
The position and safety of Muslims in civil society is once again the subject of debate as a result of Marine Le Pen’s recent proposal to ban the headscarf in all public spaces in France. Notwithstanding that Le Pen lost the election and with Ramadan underway, it is timely to explore the employment implications of Islamophobia in the workplace and practical steps employers can take to create a more inclusive and thriving working environment for their Muslim employees, to ensure they maintain their ’employer of choice’ status.