Governance framework

Under the leadership of its Chairperson, the Board of Directors is responsible for the overall direction, supervision and control of Swiss Re Ltd and the Group. These responsibilities are non-transferable and rest with the entire Board of Directors. The Board has established the following four Board Committees that support the Board in fulfilling its duties: the Governance, Nomination and Sustainability Committee; the Audit Committee; the Compensation Committee; and the Risk Committee.

The Board of Directors has delegated the management of Swiss Re Ltd and the Group to the Group Executive Committee (Group EC) under the leadership of the Group CEO. Such delegated management is within the responsibility of the entire Group EC. The Group EC discharges its responsibilities as a joint body, except for responsibilities delegated on the basis of applicable governance documents, including the Bylaws, to the Group CEO or other individual Group EC members, any subcommittee or sub-group. Six subcommittees support the Group EC in fulfilling its duties.