Summary
Marsh & McLennan Companies, Inc. (MRSH) announced on January 18, 2012, the immediate election of two new independent directors to its Board: Elaine La Roche and R. David Yost. Ms. La Roche brings experience from China International Capital Corporation US, while Mr. Yost previously served as CEO of AmerisourceBergen Corporation. These appointments are effective immediately and are designed to strengthen the Board's expertise and governance. The Board has carefully reviewed the backgrounds of both new directors and has determined they meet the independence standards required by the New York Stock Exchange and the Company's own corporate governance guidelines. Ms. La Roche will contribute to the audit and compliance and risk committees, while Mr. Yost will serve on the compensation and corporate responsibility committees. Both new directors will receive standard compensation for non-management directors, as detailed in the company's proxy statement.
Key Highlights
- 1Two new independent directors, Elaine La Roche and R. David Yost, have been elected to the Board of Directors, effective immediately.
- 2Elaine La Roche has a background as Senior Advisor to China International Capital Corporation US.
- 3R. David Yost is the former Chief Executive Officer of AmerisourceBergen Corporation.
- 4Both new directors have been deemed independent according to NYSE and Company standards.
- 5Ms. La Roche will serve on the audit and compliance and risk committees.
- 6Mr. Yost will serve on the compensation and corporate responsibility committees.
- 7New directors will be compensated in accordance with the company's established non-management director compensation plan.