---
title: "Financial Reporting Council (FRC) Research Project: LGBTQI+ senior representation and leadership in FTSE 100 and FTSE 250 Companies"
ocid: "ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2020-05-06"
---

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

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1

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## Summary

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.

## Notice

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

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9aded5a8-d66f-414d-addc-90ba3ec746f6 |
| 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 |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 May 2020 |
| Submission deadline | 10 Oct 2019 |
| Future notice date | Not specified |
| Award date | 30 Oct 2019 |
| Contract period | 11 Nov 2019 - 30 Apr 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000 |
| Lots value | Not specified |
| Awards value | £49,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | THE GOOD SIDE (COMPANY PREVIOUSLY CALLED CREATURES OF HABIT |

## CPV Codes

### Divisions

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

### Codes

- 79300000 - Market and economic research; polling and statistics

## Release History

- 6 May 2020 at 14:56 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/9aded5a8-d66f-414d-addc-90ba3ec746f6
- 3 Sep 2019 at 16:16 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/2f6ef2f8-0405-49d4-bbea-eafd2955b491

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9aded5a8-d66f-414d-addc-90ba3ec746f6
  6th May 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/2f6ef2f8-0405-49d4-bbea-eafd2955b491
  3rd September 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/d970135f-4fec-462a-81e1-c929d49b41c7
  Invitation to Tender - full version

## Notice URLs

- https://www.frc.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1b9e4d75-7263-4c07-8f5b-b9d82c3d16f1.json.