Members of the board: achieving best practice

Bermuda Captive

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PUBLISHED ON: June 1, 2015

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Every company should strive to implement the best corporate governance practices, and captive insurance companies are no exception.  Since most captives are 'single parent', the shareholder is in a position to control and should be familiar with a captive's ongoing business.

Nonetheless, governance best practices will not only enhance the performance of the captive program but will also help avoid enhanced regulatory scrutiny from insurance regulators and tax authorities.

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