Allocation of tasks within the Board of Directors

The Chairperson of the Board leads the Board of Directors, convenes the Board meetings, establishes the agenda and presides over the meetings. The Chairperson of the Board coordinates the work of the Board committees together with the respective Chairperson and ensures that the Board is informed about the committees’ activities and findings. The Chairperson of the Board establishes and maintains a close and constructive working relationship between the Board and the Group CEO and the other Group EC members. He or she does not participate in any form in Group EC meetings, discussions and/or the decision-making processes. Further, he or she presides over shareholders’ meetings and represents the Swiss Re Group, besides the Group CEO, Group EC members and further key executives, towards its shareholders, in industry associations and in the interaction with other stakeholders such as the media and political and regulatory authorities, government officials and the public.

The Vice Chairperson deputises for the Chairperson of the Board if he or she is prevented from performing his or her duties or in a conflict of interest situation. The Vice Chairperson may prepare and execute Board resolutions at the request of the Board and liaises between the Board and the Group EC in matters not reserved to the Chairperson of the Board.

The Vice Chairperson or another independent member of the Board of Directors assumes the role of the Lead Independent Director. He or she acts as an intermediary between the Swiss Re Group and its shareholders and stakeholders in the absence of the Chairperson of the Board or, in particular, if a senior independent member of the Board is required. He or she may convene and chair sessions of the Board where the Chairperson of the Board is not present. He or she communicates the outcome of these sessions to the Chairperson of the Board.