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| Tekijä: | Dewing, I.P. Russell, P.O. |
| Otsikko: | Corporate governance - regulation and reform: the actuarial governance of UK life insurers |
| Lehti: | Corporate governance
2006 : MAY, VOL. 14:3, p. 172-180 |
| Asiasana: | corporate governance financial services insurance companies regulations United Kingdom |
| Kieli: | eng |
| Tiivistelmä: | This paper deals with the Financial Services Authority's (FSA) reforms of the unique corporate governance (here as: corp-gov.) arrangements of U.K. life insurers. Particularly, explored is the need for special arrangements for the governance of with-profits funds, the role of actuaries in corp-gov. and the proposals for reform, resulted from the FSA's report(s) into the problems experienced at the Equitable Life Assurance Company. It is concluded that post-Cadbury trends in corp-gov., in combination with the FSA's reforms, have placed boards at the centre stage of actuarial governance with directors no longer able to abrogate responsibility for actuarial decisions. |
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