Summary
This 8-K filing by The Hartford Financial Services Group, Inc. (HIG) on September 21, 2012, primarily reports on an amendment to the company's Amended and Restated By-laws, effective September 20, 2012. The changes were driven by the Board of Directors and involve the elimination of the Legal and Public Affairs Committee. Investor focus should be on the reallocation of responsibilities previously held by the defunct committee. Specifically, the duty to review policies and programs related to social responsibility, sustainability, and environmental stewardship has been transferred to the Nominating and Corporate Governance Committee. While not a material financial event, these by-law changes reflect internal corporate governance adjustments and a streamlining of board committee structures.
Key Highlights
- 1The Hartford Financial Services Group, Inc. amended its By-laws on September 20, 2012.
- 2The Legal and Public Affairs Committee of the Board has been eliminated.
- 3Responsibility for reviewing social responsibility, sustainability, and environmental stewardship policies now rests with the Nominating and Corporate Governance Committee.
- 4These changes are reflected in Section 2.8 of the By-laws.
- 5The filing is an 8-K Current Report.
- 6The date of the earliest event reported is September 20, 2012.