Allocation of tasks within the Board of Directors

The Chair leads the Board, convenes the Board meetings, establishes the agendas and presides over Board meetings. The Chair coordinates the work of the Board committees together with the respective Chairs and ensures that the Board is informed about the committees’ activities and findings. The Chair establishes and maintains close and constructive working relationships between the Board and the Group CEO and the other Group Executive Committee members. The Chair does not participate in any form in Group Executive Committee meetings, discussions and/or the decision-making processes. The Chair presides over shareholders’ meetings and, alongside the Group CEO, Group Executive Committee members and other key executives, represents the Swiss Re Group vis-à-vis its shareholders, industry associations, the media, political and regulatory authorities, government officials and the public.

The Vice Chair deputises for the Chair if the Chair is prevented from performing his or her duties or in a conflict of interest situation. The Vice Chair may prepare and execute Board resolutions at the request of the Board and liaises between the Board and the Group Executive Committee.

The Vice Chair or another independent member of the Board assumes the role of the Lead Independent Director (LID). The LID acts as an intermediary between the Swiss Re Group and its shareholders and stakeholders in the absence of the Chair or, in particular, if a senior independent member of the Board is required. The LID may convene and chair sessions of the Board where the Chair is not present. The LID communicates the outcome of these sessions to the Chair.