Lloyds Banking Group hits 25% target of women on boards by 2015
06 June 2012
Lord Davies’ inquiry in 2011 set out recommendations intended to close the gap between the number of men and women on Boards. His government inquiry, which focused on the problems faced by women attempting to scale the corporate ladder, recommended that FTSE 100 Boards aim for a minimum of 25% female representation by 2015. Last week, Lloyds Banking Group met this target, over two years ahead of schedule.
Since 2010, Lloyds has appointed three women Non-Executive Directors to its Board: Sara Weller, Anita Frew and Carolyn Fairbairn. Women now represent 27% of the Lloyds Banking Group Board. The Group is determined to continue to improve gender diversity at all levels and to ensure that it is sustainable.