ABSTRACT
In insurance dealings, corporate governance is a pressing issue, and it has always been so. All businesses are required to behave properly, and corporate governance equates to proper behaviour in several dimensions: a rational organisation of business; financial probity in the conduct of business; a due regard for shareholder (and here also policyholder) interest; a suitable balance between executive power and collective Board responsibility, or even a suitable balance of knowledge, since directors are not always kept as informed as they should be.
