Lloyd's - Principle - Board appointments
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Governance
Lloyd's Market
Performance management framework
Franchise Standards
Governance
Principle - An effective board
Principle - Clear division of responsibilities
Principle - Balance of executive and non-executive directors
Principle - Board appointments
Principle - Information supplied to the board
Principle - Board to evaluate its own performance
Principle - Board appointments
There should be a formal, rigorous and transparent procedure for the appointment of new directors to the board.
Standard
Appointments to the board should be made on merit and against objective criteria. Care should be taken to ensure that appointees have enough time available to devote to the job. This is particularly important in the case of chairmanships.
Last updated on 12 Jun 2008
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