With women currently making up just 19% of FTSE 100 board directors compared to a Government target of 25% by 2015 , Lloyds Banking Group continues to take steps to help more talented women to gain executive experience through career progression and enhanced management education. Research shows that there is an under-representation of women pursuing post-graduate management education and that a core barrier to participation is the financial resource barrier.
As part of its vision to help Britain prosper, Lloyds Banking Group is keen to encourage more women to study for an MBA and increase the potential for more women to become future business leaders. The Lloyds Scholars MBA Scholarship for Women is available to female candidates who have been resident in the UK for three years or more who have successfully applied for a place on the London Business School full-time MBA programme.
Lloyds Banking Group has a number of programmes in place to ensure that the bank is best placed to achieve diversity and inclusion, including:
• Women on the Board – currently 3 of the Group’s 11 Board members are women and Lloyds Banking Group welcomes and supports the Lord Davies Review recommending a target of 25% female representation on the board by 2015
• Visible executive leadership – the Group’s commitment to gender diversity is led from the top. Lloyds Banking Group’s Chairman, Sir Win Bischoff is a founding member of the 30% Club – an initiative that encourages UK companies to aim higher than the Davies Review target.
• Developing the Female Talent pipeline – Lloyds Banking Group has a Senior Women Leaders Programme; a Role Model programme and mandatory diverse shortlists for senior appointments. The Group also has a high profile women’s network called Breakthrough to provide support and networking opportunities for women across the Group
To find out more about the Lloyds Scholars MBA Scholarships for Women visit: www.london.edu/mba.