lancashire

Highlights Highlights

Lancashire seeks to achieve the highest standards of corporate governance; the Company aims to comply with the UK Combined Code on Corporate Governance as revised in 2008.

TOTAL SHAREHOLDER RETURNS

FTSE 250 and AIM All Share Indices

Lancashire shares traded above the FTSE 250 and AIM All Share Indices throughout 2009
CORPORATE GOVERNANCE

Six out of the ten members of the Board are independent non-executive Directors and the Board composition complies with the UK Combined Code.

The composition of the audit committee conforms to the UK Combined Code requirement that the audit committee should be comprised of independent non-executive Directors.

SHARE OWNERSHIP

8 out of 10

8 out of its 10 Directors hold shares in the Company
REMUNERATION
  • Policy designed to attract, retain and motivate highest calibre of executive directors and senior management
  • Policy based on our core principles:
    • Knowledge of how remuneration is determined; and
    • onuses based on clear split between Company and personal performance