TYPICAL NON-EXECUTIVE DIRECTOR INDUCTION PROGRAMME.


Upon appointment non-executive directors receive a comprehensive induction pack including business information, investor reports and the Group’s governance policies. The length of the initial induction programme ranges from two to four days depending on the needs of the appointee. Non-executive directors have meetings with the Chairman to discuss their personal development plan and have a series of induction meetings with executive directors and senior management, examples of which are set out in the table below.

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INDUCTION MEETINGS WITH EXECUTIVES AND SENIOR MANAGEMENT TEAMS

MATTERS COVERED

FACILITATED BY

Overview of the Group’s business areas and the strategic objectives of the Group.

Group Chief Executive

The Group financial plan, targets and projections.

Group Chief Financial Officer

Group and Individual Protection, Annuities, General Insurance.

Executive Director (Risk)

Workplace and Retail Savings, the Savings team’s response to the Retail Distribution Review.

Executive Director (Savings)

An overview of the LGIM structure and its current business plan.

CEO LGIM

An explanation of the Group’s international businesses and the strategic plans for the international division.

CEO International

An overview of the Group’s attitude to and management of risk.

CRO

A briefing on the regulatory framework and the Group’s compliance, including Retail Distribution Review, and Treating Customers Fairly.

Group Compliance

Informative training on [Solvency II] and details of the Company’s contingency plans.

Solvency II Team

The Group’s remuneration policies and talent management strategy.

Human Resources and Remuneration

An explanation of Group policies on brand, customers and investor relations.

Communications and Investor Relations

An overview of financial control processes and audit and accounting matters.

Finance

Relationships with Banks and Building Societies, IFAs, appointed representatives and customers.

Distribution

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