AIG chairman and chief executive Hank Greenberg has slammed regulations that require companies to spend time on corporate governance issues.
Speaking at the International Insurance Society conference in New York, Greenberg said corporate governance has eroded job flexibility.
He said measures that require chief executives to oversee corporate governance issues could cause damage to the wider economy.
He added: "You cannot legislate crime away. The companies that misbehave should not have an influence on how companies that do not are run."
Greenberg also attacked proposed legislation that calls for a majority of independent directors on company boards.
He said: "There is no empirical evidence that outside boards perform any better."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
