The Board’s role is to lead the company and oversee the governance of the group. It plays a key role in ensuring that the tone for the group’s culture and values is set from the top. The role of management is to deliver the strategy within the framework and standards set by the Board.
At the heart of good governance is our culture; at Legal & General, it’s not just what we do that’s important, it’s also how we do it. Our governance framework means we have a robust decision-making process and a clear framework within which decisions can be made. This is achieved via our delegated authority framework, which ensures that decisions are taken by the right people and at the right level and that there is clear accountability up to the Board.