Lord Davies report
We remain supportive of Lord Davies’ recommendations. We understand the importance of diversity and recognise the importance of women having greater representation in senior roles. The search for Board candidates will continue to be conducted, and appointments made, with due regard to the benefits of diversity on the Board and where appropriate specialist search consultants engaged to assist in the search for suitable candidates. However, all appointments to the Board are ultimately based on merit, measured against objective criteria, and the skills and experience the individual can bring to the Board taking into account a number of factors including the existing size of the Board, the balance of Executive and Non-executive Directors as well as the existing skills, knowledge, experience and diversity already represented and the likely future requirements.