Insurance Commissioner Encourages Greater Governing Board Diversity for Insurance Companies in California
California Insurance Commissioner
Commissioner Jones has long advocated for increased diversity on insurer governing boards. Created in 2011, Jones' Insurance Diversity Initiative includes encouraging insurance companies to seek executives and board members who reflect the changing demographics and diversity within
"Board diversity helps improve corporate accountability and enhance financial performance," said Commissioner
In
The initial companies selected as part of Jones' GBD engagement campaign were chosen because they do not have women and/or ethnic minorities on their governing boards.
Over the coming months, the department will track the companies' progress and offer them tools and resources to help insurers enhance diversity on their corporate boards.
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