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Board inclusion policy

The Board Inclusion Policy (the ”Policy”) sets out the approach of the boards of Lloyds Banking Group plc, Lloyds Bank plc, Bank of Scotland plc and HBOS plc (the “Boards”) to diversity and inclusion for the Boards and provides a high-level indication of the Boards’ approach to this in respect of senior management roles which is governed in greater detail by additional Group policies. 

 

The Boards place great emphasis on ensuring that its membership reflects diversity in its broadest sense. Consideration is given to the combination of diversity demographics, skills, experience, educational, socio-economic and professional background, and other relevant personal attributes on the Boards to provide the range of perspectives, insights and challenge needed to support good decision making.

In order to achieve a broad representation of diversity, the Boards ensure inclusive appointment practices. New appointments and succession plans are made on merit, taking account of the specific skills and experience, independence and knowledge needed to ensure a rounded Board and the diverse benefits each candidate can bring to the overall Board composition. They should promote diversity, inclusion and equal opportunity. 

Objectives for achieving Board diversity are reviewed on a regular basis, ensuring an inclusive approach. On gender balance, the Boards are committed to maintaining at least four women Board members and aspires to maintain 45-55% female representation on their Boards, higher than the FTSE Women Leaders recommendation of 40%, while recognising the limited numbers involved. On ethnicity, the Boards are committed to meeting the Parker Review recommendation of having at least one Black, Asian or Minority Ethnic Board member. Currently, this policy is not applied to the Board committees individually, although the Boards do strive to apply a similar approach across the committees. 

The Boards place high emphasis on not only its own diversity composition but on the oversight of the Group’s wider inclusion approach and ambitions and expects to be kept updated on progress. Any material changes to the Group’s  inclusion approach are approved by the Group Executive Committee, noted by the Responsible Business Committee and approved at Board level. This includes material changes in the Group’s inclusion ambitions and supporting plans. For further information on the Group’s current inclusion approach and ambitions, click here. 

November 2025 

 

We recognise that everyone is different

We value the unique differences that each of our colleagues bring to work every day. 

Together, we make Lloyds Banking Group stronger and the best bank for customers. We’re working hard to build an inclusive bank that reflects the diversity of modern Britain.

Inclusion at the Group