Award

Financial Reporting Council (FRC) Research Project: LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

06 May 2020 at 14:56

Award Notice
Tender

03 Sep 2019 at 16:16

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has conducted a research project titled "LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies." Located in London, this project falls under the classification of market and economic research with a budget of £50,000. The procurement method used was an open procedure, targeting SMEs and voluntary and community sector enterprises. The tender period ended on 10 October 2019, with the contract expected to span from 28 October 2019 to 24 April 2020, allowing the FRC to gather insights on the representation and obstacles faced by LGBTQI+ individuals in senior corporate roles across the UK’s prominent companies.

This procurement initiative presents meaningful opportunities for businesses, particularly those specialising in diversity consultancy, market research, or corporate governance. Organisations with expertise in LGBTQI+ advocacy or those that provide strategies for improving workplace diversity may find themselves particularly well-suited to compete for similar contracts in the future. By addressing the needs of FTSE companies seeking to enhance their diversity efforts, businesses can align their services with the growing demand for inclusive practices in corporate leadership.

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Notice Information

Notice Title

Financial Reporting Council (FRC) Research Project: LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies

Notice Description

Financial Reporting Council (FRC) Research Project: LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies Summary The FRC is encouraging listed companies to increase the level of diversity in their UK operations. The market environment in which FTSE companies operate is increasingly diverse as a result of globalisation, increased participation in the workforce and changing demographics. UK 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 LGBTQI+ individuals may experience in progressing to the Boards of FTSE100 and FTSE250 companies and Executive Committee roles (the pipeline to Board positions). 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. The FRC would like to better understand the following, with respect to companies in the FTSE100 and FTSE250 (with separate analysis for each group): 1. What is the prevalence of visible and open LGBTQI+ role models on Executive Committees and Boards? How has this changed in recent years? 2. Are there barriers to LGBTQI+ people progressing to Executive Committee and Board level? If so, are there consistent themes to those barriers? 3. Can a set of good practices/procedures be identified that supports LGBTQI+ employees' progress to Executive Committee and Board level? 4. Which, if any, social or public policies or legislation have helped LGBTQI+ people to progress to Executive Committee and Board positions (including overcoming any barriers that exist), and to become visible role models? The FRC welcomes proposals to effectively investigate the questions above. We would like proposals to include recommended methods/approach, potentially also including alternative methods/approach as options (with associated pros and cons including costs), and an estimated project timeline. The customer for the work is the Financial Reporting Council. Depending on the approach recommended, the project is expected to take place over a period of six months, starting as soon as possible after award of the contract (w/c 28 October 2019). +++++ This is a summary only - please see the full Invitation to Tender (PDF) for more detail. +++++ Additional information: CONTRACT AWARD NOTICE - OPPORTUNITY CLOSED Financial Reporting Council (FRC) Research Project: LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9aded5a8-d66f-414d-addc-90ba3ec746f6
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Not specified
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79300000 - Market and economic research; polling and statistics

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£49,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 May 20205 years ago
Submission Deadline
10 Oct 2019Expired
Future Notice Date
Not specified
Award Date
30 Oct 20196 years ago
Contract Period
11 Nov 2019 - 30 Apr 2020 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2Y 5AS
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

THE GOOD SIDE (COMPANY PREVIOUSLY CALLED CREATURES OF HABIT

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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