Governance

Board Institute Boot Camp Modules

Designed for use during quarterly fraternal society board meetings. Unlimited availability offering ongoing, repeated training to reinforce good governance practices.

Boot Institute Boot Camp Includes These Four Modules:

  • The Unique Structure and Regulation of Fraternal Benefit Societies
  • Board of Director Duties and Responsibilities
  • Hands On Fingers Off: A Guide to Better Board Behavior
  • Interpreting Fraternal Financial Statements

Price: $650

See module outlines here.

Board Self Assessment

Get Ready for NAIC Corporate Governance Disclosure – This product can help! Governance is demanding. Your board works hard to ensure your organization is well-run, sustainable, and true to mission. But are you focusing on the right things? How can you find out? The Alliance Self-Assessment allows you to shift your focus from routine governance matters and candidly reflect on how well the board is meeting its governance responsibilities. Customized by the Alliance for fraternals, this tool will assist your board in improving its performance and better defining its roles and responsibilities.

Fraternal Governance Survey Results & Best Practices

Sponsored by Strohm Ballweg, LLP

Get Ready for NAIC Corporate Governance Disclosure – This product can help! The results from 40 survey questions on fraternal governance practices are illustrated in graph form, by asset class, with expert opinions provided by fraternal and non-profit governance experts. Use this report to help demonstrate to your board members what areas might need improvement and how common practices may not always be best practices.

Corporate Governance Tool Kit

The Alliance has partnered with Associate Member First Consulting to provide fraternal leaders with a comprehensive resource to help members stay compliance and well managed.  First Consulting’s new Corporate Governance Tool Kit helps provides your society the documentation needed for compliance readiness under the NAIC Model Corporate Governance Annual Disclosure law (CGAD) and Regulation.

The Corporate Governance Tool Kit contains the following templates or tools to assist societies in documenting any new and updated governance structures and procedures:

  • Audit, Risk & Compliance Committee Charter
  • Corporate Governance Committee Charter
  • Board of Directors Corporate Governance Guidelines
  • Suitability Criteria for Chief Executive Officers
  • Criteria for Board of Director Candidates
  • Corporate Governance Compliance Readiness Checklist
  • Enterprise Risk Governance Team Charter
  • Enterprise Risk Management Corporate Policy
  • Enterprise Risk Management Quarterly Board of Directors Report Template

Implementation of these new governance requirements have the added benefit of building a framework that is also compliant with the NAIC’s Own Risk Solvency and Assessment (ORSA) governance structure, which mirrors the new CGAD exactly.
Alliance Member Pricing:

TIER ONE PRICING FOR ALLIANCE MEMBERS OVER $50M PREMIUM

Corporate Governance Kit: $2,000
Other Products:
ERM Starter Kit $5,000
ERM Tool Kit $2,000
Combo 3 Kits $8,000 (purchased together within 6 months)

TIER TWO PRICING FOR ALLIANCE MEMBERS  UNDER $50M PREMIUM

Corporate Governance Kit $1,000
Other Products:
ERM Starter Kit $2,500
ERM Tool Kit $1,000
Combo 3 Kits $4,000 (purchased together within 6 months)

For more information or to order, contact CJ.Rathbun@firstconsulting.com

Other Governance Resources

In researching various sources for use in support of Corporate Governance efforts, we have identified a number of organizations/websites as useful sources of information on best practices in corporate governance. I’ve listed several of them below for your review and use:

Board Source
With more than 25 years of hands-on experience working with nonprofit boards, BoardSource has become the go-to resource for funders, partners, and nonprofit leaders who want to magnify their impact within their community through exceptional governance practices.

The Society of Corporate Secretaries and Governance Professionals
This is a group that provides a significant amount of best practice information to its members. The society requires a membership to access much of their content, but provides a great many resources for companies in organizing their governance activities (document library with example policies, service provider directory, etc.)

The National Association of Corporate Directors
This is another group aimed more at directors themselves that highlights best practices. This group provides more complimentary content if you register for an account with them, but also requires a membership to access more detailed resources.
The Business Roundtable has a Corporate Governance Committee that studies broad issues relating to corporate governance and has issued its Principles on Corporate Governance.

The Conference Board
The Conference Board Commission was a group formed back in 2002 to address declining public trust in private enterprises and released a report recommending best practices in executive compensation and corporate governance. The report suggests a number of concepts that have found their way into the ICPs as well as the CGWG’s disclosure topics (role of CEO/Chairman, independent directors, etc.).

The Organisation for Economic Co-operation and Development
OECD is a group of world governments that work together to identify solutions to common problems. The OECD has done quite a bit of work on corporate governance and has published its governance principles. In addition, the OECD worked with the IAIS on a joint project during the rewrite of the governance ICPs and issued its own “Guidelines on Insurer Governance” as a result of that project