- Going Global
- September 19, 2017 | Author: John S. Pruitt
- Law Firm: Eversheds Sutherland (US) LLP - New York Office
Evolving concepts of effective corporate governance have created new challenges for insurance groups, especially those that have gone global. Insurers face different challenges than other businesses because of the different constituencies they serve. Additional complexity arises when insurers operate as part of a group with subsidiaries in multiple countries.
In their article for Reactions, Eversheds Sutherland (US) Partner John Pruitt and Eversheds Sutherland (International) Partner Hugo Laing provide insight on global governance considerations for (re)insurance groups and discuss that the challenge for insurance groups is how to ensure subsidiary boards will discharge their duties in ways that align with group strategies, ultimately to maximize shareholder value.