Role Of Board Directors Growing Among Insurers
From once-hailed companies like Enron Corp. and Adelphia Communications to, more recently, biotech company ImClone Systems, management shenanigans in Corporate America–along with the passage of the Sarbanes-Oxley Act–have renewed the emphasis on corporate boards as overseers and guardians of corporate ethics.
This trend is also impacting the insurance industry, with some regulators intensifying their efforts to boost their interactions with insurance companies' board members.
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