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  • Induction and Training of Directors

    • HC-10.4.2

      The chairman of the Board should ensure that each new director receives a formal and tailored induction to ensure his contribution to the Board from the beginning of his term. The induction should include meetings with senior management, visits to company facilities, presentations regarding strategic plans, significant financial, accounting and risk management issues, compliance programs, its internal and external auditors and legal counsel.

      January 2011

    • HC-10.4.3

      All continuing directors should be invited to attend orientation meetings and all directors should continually educate themselves as to the insurance consultants, insurance managers, insurance aggregators and captive insurance firms' business and corporate governance.

      Amended: October 2019
      January 2011

    • HC-10.4.4

      Management, in consultation with the chairman of the Board, should hold programs and presentations to directors respecting the insurance consultants, insurance managers, insurance aggregators and captive insurance firms' business and industry, which may include periodic attendance at conferences and management meetings. The Board shall oversee directors' corporate governance educational activities.

      Amended: October 2019
      January 2011