Board of Directors
The Board of Directors is responsible for the overall direction, supervision and control of Swiss Re Ltd and the Swiss Re Group. It is ultimately responsible for the success of Swiss Re Ltd and the Swiss Re Group within a framework of effective and prudent controls. Under the leadership of the Chairman, it decides on strategy and exercises ultimate supervision over the Group Executive Committee. The Board of Directors of Swiss Re Ltd, the holding company of the Swiss Re Group, consists of 14 members. All our Board members are independent with the exception of the Chairman as, according to our independence criteria, a full-time Chairman is not considered independent.
The Board of Directors secures the necessary qualifications, skills and diversity to perform all required responsibilities. It must assemble among its members the balance of managerial expertise and knowledge from different fields required for the fulfilment of the oversight responsibility as well as for sound, independent decision-making in line with the needs of the business.
The principles of gender and age diversity, inclusion, nationality and regional representation are key in the nomination process of new potential Board members.
An open, transparent and critical board room culture, supported by ongoing learning, are important components to foster an effective board. The Board members update and enhance their knowledge of emerging business trends and risks through regular meetings with internal and external experts throughout the year. One-to-one educational sessions are offered ad hoc time throughout the year with our top executives and experts.