Lloyds Banking Group PLC has announced the appointment of Cathy Turner, the Senior Independent Director and Chair of the Remuneration Committee, as a member of the Board Risk Committee, effective from 1st February 2024. This change in the committee's membership reflects the company's commitment to strengthening its risk management and governance. Cathy Turner's extensive experience and expertise will contribute to the strategic oversight of risk within the organization.

This appointment underscores the company's dedication to ensuring robust risk management practices and governance structures. It also highlights the emphasis on having a diverse and skilled board to effectively oversee risk-related matters. The addition of Cathy Turner to the Board Risk Committee aligns with the company's focus on maintaining a strong and effective governance framework.

The announcement signifies Lloyds Banking Group's proactive approach to enhancing its risk management capabilities by appointing a highly experienced and knowledgeable individual to the Board Risk Committee. This decision is in line with the company's commitment to maintaining strong corporate governance and risk oversight, ultimately aiming to uphold the highest standards of risk management within the organization.

Investors and stakeholders can reach out to Douglas Radcliffe, Group Investor Relations Director, or Matt Smith, Head of Media Relations, for further information regarding this development. This change in the Board Risk Committee's membership reflects the company's ongoing efforts to ensure effective risk oversight and governance, underlining its commitment to maintaining transparency and accountability to its stakeholders.