Corporate Governance in Insurance Regulations
With Goethe from Grey to Green to Gold?
Dr. Monica Mächler
Taking into account the growth in corporate governance requirements in insurance regulation around the globe, Monica Mächler presented at first their key features in terms of regulatory techniques, implementation by companies and the supervisory process. She discussed then open issues such as the relation to corporate law and to stock exchange requirements, varying perspectives of legal entities and groups as well as uniformity versus company specificity. In addition, she raised the questions of efficiency and effectiveness of the requirements, their nature as principles or rules and their harmonsation potential.