Committees and Charters
|Chairman Member* Chairman of the Board|
|Audit Committee||Compensation Committee||Executive Committee||Finance, Investment and Risk Committee||Nominating and Governance Committee||Underwriting Oversight Committee|
|John L. Bunce, Jr.|
|Eric W. Doppstadt|
|Laurie S. Goodman|
|Louis J. Paglia|
|John M. Pasquesi*|
|Brian S. Posner|
|Eugene S. Sunshine|
|John D. Vollaro|
|Thomas R. Watjen|
The primary purpose of the Audit Committee is to assist the Board of Directors in monitoring the integrity of the financial statements of the Company; the independent auditors’ qualifications and independence; the performance of the Company’s internal audit function and independent auditors; and the compliance by the Company with legal and regulatory requirements.
The Compensation Committee, in its capacity as a committee of the Board of Directors, has overall responsibility for approving and evaluating, and making recommendations to the Board regarding compensation plans, policies and programs of the Company for senior executives (as defined below), as well as compensation parameters for all other employees of the Company and its controlled subsidiaries.
The Executive Committee shall exercise the powers and authority of the Board of Directors to direct the business and affairs of the Company in intervals between meetings of the Board of Directors. The Committee meets as circumstances require and whenever the Board may require, and shall make reports to the Board of Directors on actions taken.
Finance, Investment and Risk Committee
The committee oversees the Board of Directors’ responsibilities relating to the Company’s financial affairs; investment policy, including review of strategic investments, review of manager selection, benchmarks and investment performance; and enterprise risk management policies.
Nominating and Governance Committee
The Committee shall assist the Board of Directors by identifying individuals qualified to become Board members and recommend to the Board the director nominees for the next annual meeting of shareholders. The committee also advises the Board on corporate governance, including environmental, social and governance (“ESG”) initiatives.
Underwriting Oversight Committee
The Committee oversees the Board of Directors’ responsibilities relating to the underwriting activities of the Company, including with respect to accumulations and aggregations of exposures in the Company’s insurance, reinsurance and mortgage businesses.