Corporate governance
Corporate governance is part of the way we work. It underpins how we conduct our business every day, our culture and our behaviour.
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 L&G, it’s not just what we do that’s important, it’s also how we do it. Our corporate governance framework means we have a robust decision-making process and a clear framework within which our people can make decisions. We do this by using our delegated authority framework, which ensures that decisions are taken by the right people and at the right level. It makes sure there is clear governance and accountability all the way back up to the Board.
What is corporate governance?
Corporate governance is the system of rules, practices and processes that directors and leaders use to direct and control a company. We annually publish governance reports which provide insight into how the Board have approached good governance in business during the year and the work of the Board committees.
Our reports also share our approach to defining:
- corporate and board governance
- overall corporate social governance
- terms of reference for committees
- transparency and accountability details
For the year ended 31 December 2025, we measured ourselves against the UK Corporate Governance Code 2024 in accordance with our regulatory requirements.
