Lloyds Banking Group PLC Changes to Membership of Committees (3656T)
July 17 2015 - 5:01AM
UK Regulatory
TIDMLLOY
RNS Number : 3656T
Lloyds Banking Group PLC
17 July 2015
17 July 2015
LLOYDS BANKING GROUP: CHANGES TO MEMBERSHIP OF THE REMUNERATION
COMMITTEE AND NOMINATION AND GOVERNANCE COMMITTEE
Lloyds Banking Group plc (the "Group") announces that Anita Frew
will succeed Anthony Watson as Chairman of the Remuneration
Committee with effect from 1 October 2015. Mr Watson, the Group's
Senior Independent Director, has served as Chairman of the
Remuneration Committee since May 2010 and will remain a member of
the Remuneration Committee. Ms Frew, the Group's Deputy Chairman
and an Independent Director, joined the Board in December 2010 and
has been a member of the Remuneration Committee since May 2014.
Alan Dickinson, an Independent Director and Chairman of the Board
Risk Committee, has also been appointed as a member of the
Remuneration Committee and, in addition, will join the Nomination
and Governance Committee, both with immediate effect. Mr Dickinson
is also a member of the Audit Committee.
Lord Blackwell, Chairman said: "I would like to thank Tony for
the tremendous job he has done as Chairman of the Remuneration
Committee over the last five years. More recently, Tony has
overseen changes to the remuneration policy to strengthen the
alignment between reward and risk outcomes. He has engaged
extensively with shareholders on remuneration matters and will
continue to meet with shareholders in his role as Senior
Independent Director. In line with best governance we believe it is
now appropriate to separate these roles. Anita brings extensive
sector and governance experience to the role and will maintain
active engagement with shareholders on remuneration issues. I look
forward to working with her in her new capacity."
For further information:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0) 20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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