There have been a couple of changes at the board of Legal & General Group Plc – all of them involving women.
First of all, Carolyn Bradley is stepping down from the board at the end of December.
“I would like to thank Carolyn for her important contribution to the board over the last four years,” said group chair Sir John Kingman. “The board wishes her well in her next ventures.”
Meanwhile Henrietta Baldock, who currently chairs subsidiary Legal & General Assurance Society Limited (LGAS), is joining the group board as independent non-executive director. She will also become part of the audit, nominations, remuneration, and risk committees while keeping her position at LGAS.
Former chair of the European Financial Institutions team at Bank of America Merrill Lynch, Baldock has 25 years of experience in investment banking.
“I am delighted to welcome Henrietta to the group board,” commented Kingman. “Henrietta will be a valuable addition to the board and I look forward to working with her more closely.”
Another development is Lesley Knox’s (pictured) appointment – in line with the provisions of the UK Corporate Governance Code – as designated non-executive director for engagement with Legal & General staff.
“Lesley is already involved with the company’s approach to investing in and rewarding our workforce in her capacity as chair of the remuneration committee,” noted Kingman. “The board welcomes the early adoption of this governance model and Lesley’s appointment.”
Knox believes taking proper account of employees’ interests, alongside those of other stakeholders, is an important part of board culture at Legal & General.
“This can only be strengthened further by creating a specific responsibility for employee issues on the group board,” she said. “This will enable us to ensure that the issues that matter most to our employees are given the full attention of the board at all times.”
