The FRC said it has taken a “range of measures” to increase the numbers of women at a senior level at the regulatory body.
It confirmed that women now make up 40% of its board, up from 30% last year, which has exceeded its target of 33%.
It comes after its commitment to increasing the presence of women on boards through the Women in Finance charter, which it first became a signatory of in 2018.
Last month, the group provided an annual update to the Treasury on the commitments it made to supporting women in finance and increasing their presence.
In light of its latest update, the FRC said it has “made some progress” since the previous update.
It added: “We have rolled out unconscious bias and active bystander training across the organisation, include diversity training for new starters as part of the induction process and we also operate coaching, mentoring and reverse mentoring schemes.”