Board inclusion statement
RBS is supportive of the continuing focus on diversity and inclusion, and welcomes the messages contained in the Hampton-Alexander Report: FTSE100 Women Leaders and by the Parker Report: Beyond 1 by ’21 regarding diversity in the boardroom and beyond.
As an organisation, RBS values and promotes inclusion in all areas of recruitment and employment. As a Board, we support this view and understand the need for a diverse mix of talented directors to effect strong decision-making to help us achieve our goal of becoming a stronger, simpler and fairer bank.
Responding to the recent developments and to better align the Board with our bank-wide inclusion principles, the Board has adopted a new Boardroom Inclusion Policy which is reflective of our inclusion commitments and aspirations today. Board nominations will continue to be made on the basis of individual competence, skills and expertise, but also with due regard to the benefits of diversity and inclusion.
We will continue to aspire to meet best practice industry standards, as well as the standards contained in the Financial Reporting Council’s UK Corporate Governance Code.
We will continue to report on our progress annually.
In this statement references to “RBS” mean The Royal Bank of Scotland Group plc, its businesses and subsidiaries. The Royal Bank of Scotland Group plc is a holding company operating through its subsidiaries including The Royal Bank of Scotland plc, National Westminster Bank Plc and Ulster Bank Limited. A common board and committee structure applies across all three companies with the same directors sitting on each of the boards (collectively known in this statement as “the Board”).