UnitedHealth Shareholder Wants Chairman and CEO Roles Separated
(Bloomberg) – A United -Alth Group Inc. The shareholder offered to need a chairman of the CEO, the CEO, the CEO, who was united when he returned to lead the company this year to lead the company this year.
If it is approved by the shareholders of the account Board, a non -profit advocacy group, the Board will ask the Board to cod the company’s regulations to codes a chairman of the board of directors.
“Recently, we have been very uncomfortable to see that the company chose to go back and combine CEO and chair roles during such a trial for Unitedhealth,” he said. “We think the company needs a stronger leadership structure.”
Beyond saying that it meets the minimum value required to present a shareholder offer, he refused to explain the size of the group’s share in Unitedhealth.
Unitedhealth, who runs the largest US health insurance, is trying to regain the trust of investors. The company greatly reduced the appearance of earnings, aroused doubt about long -term growth targets, replaced the CEO and finance chief, and announced last year Federal Crime and Civil Investigations. In addition, the disaster violating the data about 190 million Americans was struggling with a cyber attack. In December, the murder of senior executive Brian Thompson followed a widespread consumer response on insurance denials.
Unitedhealth representatives had no interpretation of the proposal or did not say whether the company would try to block it.
The company’s last annual meeting was held in June. Investor offers must meet the strict criteria to go to voting for the shareholders, and it is not yet clear whether the decision of the accountability board will be placed on the ballot.
In 2017, HEMSLEY has served as Unitedhealth CEO for more than ten years before becoming the executive president. The company re -commissioned him to replace Andrew Witty as CEO in May, and continued his role in Hemsley Chairman.
This contradicted the governance principles published on Unitedhealth’s website and updated in November. “The Board believes that the roles of the Board, the Chairman and the Chairman of the Executive Board should be separate under the supervision of the board of directors and allow the general manager to focus on the management responsibilities.”
In a statement that supports the decision, the accountability committee said that combining roles needs so much critically from independent surveillance shareholders ”.
He referred to the latest proxy declaration that reveals separate chairs and CEO roles as an effective institutional governance example of Unitedhealth.
The accountability committee invests in approximately 200 companies and advocates on issues ranging from greenhouse gas emissions and animals to shareholders’ rights. This week, Target Corp.
In August, Unitedhealth founded a Public Liability Committee to control “financial, regulatory and reputation risks” in August and confused some roles of the board of directors. Earlier this year, Warren Buffett received an elevator in which Berkshire Hathaway Inc. announced the shares of 5 million shares. Nevertheless, it lost more than 30% until the closing of Thursday this year.
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