Annual Report 2022
Board & Governance
LBMA’s Annual General Meeting 2022 took place virtually on Thursday, 7 July 2022 using the Open Audience Openmeet platform.
The meeting included a Chairman’s Report by Dr Paul Fisher which examined international sanctions, LBMA governance surrounding Good Delivery List suspensions, sustainability within the industry, and the Board election results. He also welcomed the three new Board Members, Wenjian Fang (Bank of China), Praveen Baijnath (Rand Refinery Limited), and Hitoshi Kosai (Tanaka Kikinzoku Kogyo K.K.). As the number of Full Member nominations fulfilled the number of vacancies, a vote at the AGM was not required to ratify the trio.
Ruth Crowell’s Chief Executive’s Report updated attendees on the Gold Bar Integrity pilot, ongoing market consultations, the Strategic Plan, and other work carried out by LBMA over the last year.
The Chairman's Report, along with Sub-Committee reports, are all available for Members to access any time on MyLBMA Portal.
Afterwards, a networking event was held at LBMA’s offices, which included summertime refreshments and the chance to speak to the LBMA Executive.
Our Market and Board Sub-Committees advise on specific areas of expertise, enabling us to benefit from the knowledge, experience and dedication of senior members.