Board Diversity Statement

This statement outlines our approach to ensuring that our Board of Directors reflects a broad range of backgrounds, experiences, and perspectives, in line with the Prudential Regulation Authority (PRA) expectations.

MAP values the benefits that diversity can bring to the company, and this extends to the Board of Directors (the “Board”).

Diversity enhances decision-making, governance and risk oversight, promotes the inclusion of different perspectives and ideas, and mitigates against groupthink.

A critical element of Board composition is to ensure coverage of a broad set of qualities and competencies so that all core aspects of MAP’s business can be given sufficient oversight and challenge by the Board. Accordingly, whenever a Board position becomes vacant, diversity and equality are key considerations, alongside evaluating each candidate’s experience, knowledge and expertise for the role in question.

MAP has historically and shall continue to develop staff for internal promotion, which includes graduation to a Board role when the opportunity arises. MAP’s Recruitment Policy and the Inclusion, Diversity & Equality Policy, including the Board Diversity section, are leading to a more diverse workforce and Board organically and meritocratically.