Notice of election
NOTICE IS HEREBY GIVEN that, in connection with the merger of the Board into the Council, taking effect from 1 June 2020, and in accordance with the Constitutional Arrangements Byelaw (No. 2 of 2010) (“the Byelaw”), the terms of office of the following members of the Council expire on 31 May 2020:
|Individual External Member:||
NAMECO (NO. 1249) LIMITED
(Represented by JEFFERY BARRATT)
MUNICH RE CAPITAL LIMITED
(Represented by DOMINICK HOARE)
HISCOX DEDICATED CORPORATE MEMBER LIMITED
(Represented by ROBERT CHILDS)
(Represented by MICHAEL WATSON)
AXIS CORPORATE CAPITAL UK LIMITED
(Represented by ALBERT BENCHIMOL)
In accordance with the Byelaw, the Council has set a ballot date of 22 May 2020 to elect three working members, one individual external member and two C-external members of the newly constituted Council. The allocation of seats between working members, individual external members and C-external members on the Council is determined in accordance with paragraph 2.1 of the Byelaw.
The term of office for each of these seats shall commence on 1 June 2020 and shall be for six months unless terminated earlier in accordance with paragraph 5.38 of the Byelaw.
The Byelaw permits service on Council of up to 9 years in aggregate (in any non-executive capacity and including any time served on the Franchise Board) after which a three-year break is required.
The Byelaw limits the eligibility of “connected” members sitting on the Council at the same time. As a consequence, additional vacancies may arise when the results of the election are known. In that event the additional vacancies will be filled by the candidates with the next highest number of votes in the relevant constituency and the term of office will be for the unexpired term of office of the member resigning.
How to stand for election
The members of the Council will be elected from among the working, individual external and C-external members of the Society respectively, by ballot of those members of the Society whose names are shown on the date of this notice in Part I or Part II of the Register as appropriately referred to in Schedule 1 of Lloyd's Act 1982 and who have not ceased to be members before the date of the ballot. Under the Byelaw only those members whose names are shown on the relevant Part of the Register on the nominations date (9 April 2020) are entitled to nominate candidates.
If you wish to stand for election your completed nomination form must be received by the appointed scrutineers, Civica Election Services, by 1.00pm on 9 April 2020. To submit your nomination online visit www.cesvotes.com/lloydsCouncilNominations20. Please type the URL directly into your browser URL bar. To log in you will require the two-part security code which has been sent to you separately.
Security Code 1: [XXXXXX]
Security Code 2: [XXXXXX]
Valid nomination forms must be received by the appointed scrutineers, Civica Election Services, The Election Centre, 33 Clarendon Road, London, N8 0NW, not later than 1.00pm on 9 April 2020.
By order of the Council
General Counsel & Company Secretary
26 March 2020