---
title: "Research Project: How has board effectiveness been impacted by diversity of board membership?"
ocid: "ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2020-05-06"
---

# Research Project: How has board effectiveness been impacted by diversity of board membership?

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f

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## Summary

The Financial Reporting Council Limited is inviting proposals for the research project titled "How has board effectiveness been impacted by diversity of board membership?" This study falls under the industry category of research and development services, with an expected contract duration from January 2, 2020, to June 26, 2020. The procurement process is currently in the Award stage, with a total budget of £67,500. Key deadlines include the submission period closing on December 11, 2019, and the application method is an open procedure below threshold, allowing a wide range of potential suppliers.

This tender presents an excellent opportunity for businesses involved in research and consultancy, particularly those with expertise in governance and diversity analysis. Small and medium-sized enterprises (SMEs) or voluntary, community and social enterprises (VCSEs) are particularly well-suited to compete, given the project's emphasis on diverse perspectives and the inclusion of socioeconomic diversity in its scope. Suppliers can bid for one or both parts of the project, allowing room for specialised businesses to effectively contribute to the investigation of board effectiveness and its dynamics.

## Notice

++++ The Financial Reporting Council has made some small but significant changes to this project tender. All changes are coloured in blue in the full PDF downloadable further below. We have extended the scope of Part B of the project to now include socioeconomic diversity. We have also increased the budget for Part B; this is a small increase because we do not envisage the extended scope changing the project processes (e.g. interviews and similar) but we appreciate that some extra analysis will be required. Part A of the project remains unchanged. The overall project timeline has been lengthened by one month, and the deadline for submitting your proposal is now Wednesday 11 December 2019. ++++ One of the principles of good governance is that boards should be diverse in their composition. In the context of governance, diversity is a broad concept, encompassing diversity of skills, experience, social background, personal strengths and mindset as well as those protected characteristics of diversity for example, gender, ethnicity and disability. This research project aims to gather and analyse recent evidence to answer these questions: 1a) How has board effectiveness been impacted by the gender and ethnic diversity of board membership? 1b) How have board effectiveness and dynamics been impacted by the gender, socioeconomic, and ethnic diversity of board membership? 2) What attributes, skills and experience do today's board members expect to be needed in boardrooms of the future? 3) How can nomination committees be helped to take a more objective and diversity-friendly approach to board recruitment? The customer for the work is the FRC. We would like to receive proposals to investigate these issues effectively using both Part A - a quantitative design (question 1a) and Part B - a qualitative design (questions 1b, 2 and 3). Suppliers are welcome to bid for either part, or both parts, of the project; the FRC has split the project into two parts because there may be some suppliers who are specialised in one approach but not the other. * Bids for one or both parts will be assessed equally against the evaluation criteria (there is no inherent disadvantage to bidding for one part only). * Combined bids for Part A and Part B should be discrete (i.e. so that they can be evaluated separately even if the background information about your company or team is the same. * By bidding, you indicate your willingness to undertake either part separately even if you had bid for both parts. The project is expected to take place between January 2020 and June 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: CONTRACT AWARD NOTICE *** OPPORTUNITY CLOSED.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/fe869438-9840-4380-af79-58281355079d |
| 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 | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 6 May 2020 |
| Submission deadline | 11 Dec 2019 |
| Future notice date | Not specified |
| Award date | 7 Jan 2020 |
| Contract period | 7 Jan 2020 - 31 May 2020 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £67,500 |
| Lots value | Not specified |
| Awards value | £69,000 |
| 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 | 2 |
| Supplier names | LONDON BUSINESS SCHOOL; SQW |

## CPV Codes

### Divisions

- 73 - Research and development services and related consultancy services

### Codes

- 73000000 - Research and development services and related consultancy services

## Release History

- 6 May 2020 at 15:04 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/fe869438-9840-4380-af79-58281355079d
- 27 Nov 2019 at 11:59 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5
- 27 Nov 2019 at 11:04 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5
- 27 Nov 2019 at 10:52 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5
- 11 Nov 2019 at 14:07 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5
- 30 Oct 2019 at 18:41 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/fe869438-9840-4380-af79-58281355079d
  6th May 2020 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/e9e98dd9-82e1-4a8c-939d-5ab5ff86ead5
  27th November 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/a05b3a62-d79c-4a5e-bb47-c089d4328d80
  FRC Invitation to Tender 08-19
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/1426ede4-c8c3-4f70-8173-e0cc46a24c8c
  FRC Invitation to Tender 08-19
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/cd97ce3f-befe-4bf2-889b-0d7f4dc16fca
  FRC Invitation to Tender 08-19
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/011fded4-037a-4c58-8900-160bee7b2c20
  FRC Invitation to Tender 08-19

## 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-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6acc5bac-5af4-4c98-b0ff-8247ea5d417f.json.