Corporate Governance.

Legal & General is committed to the highest standards of Corporate Governance. In this section you will find our Corporate Governance Report for 2009 together with the reports for the subcommittees of the Board.

On 28 January 2010, Paul Myners (Financial Services Secretary to the Treasury) wrote to Tim Breedon (Group Chief Executive) regarding bank bonus payments. Tim's response of 3 February 2010 is posted here.

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Corporate Governance Report	Click here	PDF (1.1 MB)
Directors' Report on Remuneration	Click here	PDF (422 KB)
Audit Committee Report	Click here	PDF (112 KB)
Nominations Committee Report	Click here	PDF (59 KB)

The terms of reference of these committees, along with the formal letter of appointment, can also be found below:

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Remuneration Committee Terms of Reference	PDF 29.0 KB
Nominations Committee Terms of Reference	PDF 23.7 KB
Audit Committee Terms of Reference	PDF 31.0 KB
Group Risk Committee Terms of Reference	PDF 25.9 KB
Sample Non-executive Director Letter of Appointment	PDF 58.6 KB
Articles of Association	PDF 257.9 KB

DIVERSITY STATEMENT

Legal & General welcomes the recommendations made by Lord Davies, and believes that they mark a series of practical and achievable steps towards addressing the important issue of a stronger contribution by women in the UK's boardrooms.

It is our intention to incorporate the recommendations into our thinking on the composition of the Board. We will also be working at strengthening the representation of women among the non-board senior management cadre - the board directors of tomorrow.

We also welcome the Davies recommendations in our capacity as one of the UK's largest institutional shareholders. Our fund management arm, Legal & General Investment Management, engages actively with investee companies on a wide variety of economic, social and governance issues, and the new recommendations concerning boardroom diversity, and greater associated disclosure, provide useful additional information for evaluation of the Board.

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Board Diversity Policy	PDF (22.66 KB)