Principles for Doing Business at Lloyd's
Principle 10: Governance, Risk Management and Reporting – Principles for Doing Business at Lloyd's

Principles for Doing Business at Lloyd's P10.4: 10.4 People with appropriate skills and adequate resourcing

People are employed and developed with appropriate skills and the business is adequately resourced. Baseline: the board is ultimately responsible for staff knowledge, skills and integrity; the resource model is reviewed for normal and stressed conditions; all Senior Managers and Certification Regime requirements are met; reliance on group resource is understood and overseen; board and senior positions cover all technical areas with diverse, developed experience; duties are allocated and segregated; senior management promote an open culture; board and senior succession planning; due diligence on outsourced providers' financial stability and capability. Advanced adds resource planning against long-term aims and emerging risks and succession below board level.

Maintained by Gerard Blokdyk

Other controls in Principle 10: Governance, Risk Management and Reporting – Principles for Doing Business at Lloyd's

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