Applying our diversity targets to Lloyd’s Council
Following the publication of our market wide gender targets in July, together with our commitment to set a similar target for ethnicity in Q2 2021, we have now set a Diversity policy for Lloyd’s Council.
This action forms an important part of our work to drive cultural transformation across the Lloyd’s market.
The new policy sets out that by the end of 2023, a minimum of 33% of the Council should be female and/or from a non-white background. This will be demonstrated by December 2023 with:
- a minimum of two of the six elected market representatives and two of the six independent nominated members of Council being female; and
- at least one member of Council will be from a non-white background.
Lloyd’s success is integrally linked to the diversity of its people and the promotion of an inclusive culture. This applies to Lloyd’s governing bodies as much as it does to the Corporation as well as market firms.
The annual process of elections to Council have recently commenced, and with the establishment of these new targets, we hope to encourage talent from a diverse base in terms of gender, ethnicity, and skill set to step forward for consideration and election.