PUBLISHED ON: June 1, 2015
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.
To read the full article: Members of the board: achieving best practice