new policy is for transparency ...

Inevitably, we move towards this given the internet access...

http://uk.finance.yahoo.com/news/twitter-ceo-says-policy-transparency-085449732.html

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S HESTER has done a great job at rbs ,
yet the MPs and press have made him out to be a greedy man and destoyed is name

the man might as well resign because the gov have said he is not worth a bonus .
unlike at lloys we have not got a man as good .

mna . i see things as they are facts .12 MONTHS SP DOWN FROM 69P TO 30P
what a great 12 months for lloys holders

When is the result for LLOYDS?

24th feb

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MNA .answer this question why did not one person at RBS not speak out about fred goodwin . when some one can destoy a company because staff or investors are to scared to open there mouths it is dangerous

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i have had a reply ,
no comment .

it now appears that there is no one running the bank
only the bank managers doing there job .
but when you read about the board and they stated that E DANIELS
DID A GREAT JOB .
WELL THAT ABOUT SUMS UP THE BOARD DOES IT NOT

knighthoods mean nothing put them where they belong in prison
daniels i will restore value to shareholders by 2012 now gone
blank gone all with there pockets full . dam disgrace.

StockMarketWire.com
Lloyds Banking Group has unveiled changes to its board and the management team. The changes mean that there will be five business lines reporting directly to the group chief executive António Horta-Osório.

Alison Brittain will undertake the newly-created role of group director of retail with responsibility for the multi channel and multi brand strategy including Lloyds TSB, the Bank of Scotland and Halifax, retail products and marketing, as well as telephony and digital banking.

Antonio Lorenzo, group director of strategy and wealth and international, will also undertake responsibility for asset finance which had formerly been a part of the wholesale business.

Truett Tate, group executive director for wholesale has decided to retire and will not seek re-election at the annual general meeting in May.

As a result, Andrew Géczy, CEO of wholesale banking and markets, will report on an interim basis to Horta-Osório. The group has begun a search internally and externally for a permanent director of the group's wholesale division. John Maltby remains as director of commercial continuing with his responsibility for our SME businesses. Toby Strauss's role also remains unchanged as director of the group's insurance division.

Further to the centralisation of all control functions as part of the group strategic review in 2011 there will now be five control and support functions as follows:

* Risk - led by chief risk officer Juan Colombas

* Finance - led by group finance director, Tim Tookey currently and George Culmer when he joins the group

* Operations - led by director of group operations, Mark Fisher

* Corporate Affairs - led by group corporate affairs director, Matt Young

Group corporate functions - human resources, legal and secretariat and group audit - will now report to a newly-created position of group corporate functions director.

Horta-Osório said: "The changes to the group's senior management team ensure we have the right organisational structure to deliver on our strategy and move to the next phase of the Group's transformation.

"By bringing together our community banks with product and marketing functions we will deliver better, more targeted customer propositions."

horta osorio. has now put all yes people around him .
RBS did that . no one will question him even when he
makes big mistakes bad news .

Like him or not, strong management is what's needed. No one with any sense is going to surround himself with people who are going to continually question his judgement. If this is close to 100p by Xmas 2012, you are going to have to eat your words T. I trust, in that case, you will send him another e-mail retracting your earlier doubts?

"Like him or not, strong management is what's needed. No one with any sense is going to surround himself with people who are going to continually question his judgement."

Harry, I would suggest that's "exactly" what people at the "so called" top need.

Get real Stan. Leadership is about leading, not continually being undermined, so it's totally natural to delegate to people who are compliant and not defiant.

If anyone needs to get real H .. it isn't me.

harry when you have a team who will not ask questions then the only thing left is a down hill spiral . no matter how good some one is you need a open book for any one to question . or go to the wall