In line with our corporate value of integrity, Hiscox strives for the highest standards of corporate governance while being in essence a non-bureaucratic organisation.
Download our latest corporate governance report.
Statements on departing Directors’ remuneration
Richard Gillingwater and Dr James King each retired as non-executive directors of the Company at the conclusion of the Annual General Meeting held on 20 May 2015.
Mr Gillingwater and Dr King will receive fees for their roles on the Board and its Committees up to and including 20 May 2015. No payment in lieu of notice or for loss of office has or will be made to Mr Gillingwater or Dr King. Neither Director was entitled to participate in the Company's bonus, employee share plans or pension arrangements.
Board committees and terms of reference
The Board itself operates within written terms of reference. It has appointed and authorised a number of committees to manage aspects of the Group’s affairs. Each committee operates within its own established written terms of reference and the Chairman of each committee reports directly to the Board. Download the terms of reference from the links below.