Lloyd’s to create single governing body
Decision follows consultations which saw over 90% of the market support the idea to merge its Board and Council.
Lloyd’s has announced its decision to merge the Council and the Franchise Board effective from 1 June 2020, after receiving widespread support from across the market.
According to the market the decision was made following consultations across the market which found that over 90% of those it spoke too supported the proposal to merge the Board into the Council to form a single governing body for the Corporation and the Lloyd’s market.
This new, revised Council will have 15 members, and consist
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