Board diversity

The Boards of AXA UK plc, AXA Insurance UK plc and AXA PPP healthcare limited have adopted a Board Diversity Policy which sets out the approach to diversity and provides a high-level indication of the approach to diversity.

Scope

  • The Board Diversity Policy sets out the approach to diversity on the Board of Directors of AXA UK plc, AXA Insurance UK plc and AXA PPP healthcare limited.
  • The Policy applies only to the Board of Directors of each Company. It does not apply to diversity in relation to employees of the AXA UK Group, which is covered by AXA UK Diversity and Equal Opportunity Policy.

Policy Statement

  • The Companies value diversity and inclusion and continue to create and develop an inclusive culture. The Companies are committed to ensuring equality of opportunities, with the aim of promoting diversity throughout the AXA UK Group including at the most senior levels, with a diversity and inclusion agenda that goes beyond the protected characteristics of the Equality Act 2010.
  • Diversity includes, but is not limited to, the following factors: gender, age, educational and professional background, geographical provenance, nationality, sexuality, disability and ethnic origin.
  • Board selection processes are consistent with the AXA UK Diversity and Equal Opportunity Policy.
  • The Board has delegated responsibility to the AXA UK Remuneration & Nomination Committee for reviewing the structure, size and composition (including the skills, knowledge and experience) required of the Boards compared to their current position and makes recommendations to the Boards regarding any changes, taking into account:
    • The results of the Board evaluation process;
    • The total number of directors;
    • The balance of executive and non-executive directors;
    • The need to ensure appropriate collective knowledge and experience, and diversity factors (including the skills mix, industry experience, ethnicity and gender); and,
    • the suitability of any candidate proposed for appointment as an executive or non-executive director.
  • Whilst candidate selection remains entirely based on merit, the Committee will take into account factors of diversity when making recommendations for appointment.
  • In October 2020, AXA UK plc signed the CBI’s Change the Race Ratio, which aims to increase racial and ethnic participation in business. The commitments include increasing racial and ethnic diversity among Board members and senior leadership, being transparent on targets and actions and creating an inclusive culture in which talent from all diversities can thrive. AXA UK plc has committed to having at least one racially and ethnically diverse board member by the end of 2024.

Review of the Policy

  • The Board will review the Policy annually together with an assessment of its effectiveness.

Last reviewed and approved by the Board on: 25th June 2021