Boardroom Agenda
Insurance Covered Half of U.S. Disaster Costs in 2012: Swiss Re
Natural catastrophes and man-made disasters caused $186 billion in economic losses globally in 2012 and took approximately 14,000 lives, according to global insurer Swiss Re's latest sigma study. The ...
Lots Of Room For Improvement In U.S. P/C Industry ERM Capabilities: PwC
PwC's recent survey into enterprise risk management practices in the U.S. insurance industry showed that many companies are taking active steps to develop their ERM frameworks. However, the survey ...AIG Adopts Clawback Policy, Employee Incentive Plans
American International Group, the insurer whose government bailout was marked by controversy over executive salaries, on Wednesday said its board adopted a clawback policy to recover compensation in ...
Analysis: Shareholder Revolt Over Pay Unlikely in Europe This Spring
While politicians and public have fulminated against lottery-sized pay awards in Europe's boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use ...
The Devil Is In The Details: Director Minutes and Liability
Even lawyers disagree about the correct answer to question that they hear often from members of the board of directors of companies they serve: What minutes should look like and how detailed should ...
Greenberg’s View: ‘White Blackbirds’ Make Corporate Culture Fly
Sixty years ago, a 27-year old U.S. Army officer stormed into the suite of the vice president of a Manhattan insurance company to complain about being snubbed by the firm's personnel director. The ...
Should Firms Tie Bonuses to Competitors’ Performance?
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...