Cigna Group
For the period ended Apr 24, 2024. Filed Mar 15, 2024.
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Apr 24, 2024 · Filed Mar 15, 2024
Contents
Board Composition Developments
CORPORATE GOVERNANCE MATTERS
Board Composition Developments
Dr. Philip Ozuah, M.D., Ph.D., joined the Board effective June 1, 2023. Dr. Ozuah’s appointment was supported by a search firm and the result of the Board’s ongoing refreshment work. When considering Dr. Ozuah’s appointment, the Board considered, among other factors, his 32 years of experience in medicine and his national reputation as a leader in value-based care, particularly his emphasis on aligning community-based organizations and services critical to addressing the socioeconomic determinants of health. Dr. Ozuah also further enhances the Board’s diversity, which is of high importance to the Board.
Identification of New Directors
| Assessment of Needs | Identification of Potential Candidates | Candidate Review Process | Recommendation |
|---|---|---|---|
| •The Corporate Governance Committee considers the diversity of skills represented on the Board and focuses on identifying candidates that possess skills and qualifications that are complementary to the existing Board members’ skills and will support the Company’s short- and long-term strategy. | •The Corporate Governance Committee may retain a third-party search firm to assist in identifying and evaluating candidates for Board membership.•The Corporate Governance Committee also considers suggestions for Board nominees submitted by shareholders, who are evaluated using the same criteria as new director candidates and current director nominees. | •Once identified, the Corporate Governance Committee reviews the candidate’s background, experiences, skills, and/or prior board and committee service, and considers how the candidate’s background and diversity would support the Board’s oversight of the Company’s strategy, performance, culture, and risk.•Candidates interview with the Chair of the Board and CEO, the Chair of the Corporate Governance Committee, and the Lead Independent Director, as well as other members of the Board, as appropriate. | •Following a thorough review process, the Corporate Governance Committee will recommend a candidate to the Board for consideration. |
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