THE NEED TO REFORM CORPORATE GOVERNANCE IN THE MUTUAL INSURANCE INDUSTRY
David Jemison
(Assistant Professor of Management, Graduate School of Business, Indiana University, Bloomington, Indiana)
Robert Oakley
(RMember of the Faculty of Finance, College of Administrative Science, Ohio State University, Columbus, Ohio)
161
Abstract
Mutual insurance companies will have to reform their corporate governance practices if they want to avoid new and excessive government regulation. Steps they can take include: changes in board structure and composition, the addition of several committees, more open communication with policyholders, and greater involvement of the board in setting strategy.
Citation
Jemison, D. and Oakley, R. (1981), "THE NEED TO REFORM CORPORATE GOVERNANCE IN THE MUTUAL INSURANCE INDUSTRY", Journal of Business Strategy, Vol. 2 No. 1, pp. 52-60. https://doi.org/10.1108/eb038924
Publisher
:MCB UP Ltd
Copyright © 1981, MCB UP Limited