Summary
Marsh & McLennan Companies, Inc. (MRSH) announced a change to its Board of Directors through an 8-K filing on December 14, 2016. Effective January 1, 2017, Deborah C. Hopkins was elected as an independent member of the Board. Ms. Hopkins brings valuable experience to the board, which will be compensated according to the company's established independent director compensation structure detailed in its prior Form 10-Q filing.
Key Highlights
- 1Election of Deborah C. Hopkins as an independent director to the Board, effective January 1, 2017.
- 2Ms. Hopkins' appointment is a non-management director role.
- 3Compensation for Ms. Hopkins will follow the company's standard independent director compensation plan.
- 4The company attached a press release dated December 14, 2016, announcing this board change as Exhibit 99.1.
Frequently Asked Questions
Deborah C. Hopkins has been elected as an independent member of the Board of Directors for Marsh & McLennan Companies, Inc., effective January 1, 2017. She will serve as a non-management director.
Ms. Hopkins will be compensated in accordance with the company's 'Description of Compensation Arrangements for Independent Directors,' as previously filed in their Quarterly Report on Form 10-Q for the quarter ended June 30, 2016.
This 8-K filing informs investors about a change in the composition of the company's Board of Directors. Adding independent directors can be seen as a move to strengthen corporate governance and bring diverse perspectives to strategic decision-making.