May 30, 2023
If you are a fan of the healthcare industry, Cigna is a name you are likely to be familiar with. Known for its comprehensive healthcare services, Cigna has been providing exceptional healthcare services to thousands of customers across the globe for several decades. However, did you ever wonder who is responsible for making critical decisions that shape the course of the company and steer it towards success? Enter Cigna's Board of Directors, a group of highly accomplished individuals that represent the interests of Cigna's shareholders and provide strategic guidance to the company's management. In this article, we will take a closer look at the Cigna Board of Directors, the role they play in the company, and the challenges they face.
Before we delve deeper into the company's Board of Directors, let's start with a brief overview of Cigna as a company. Headquartered in Bloomfield, Connecticut, Cigna is a global health services organization that operates in 30 countries and has more than 190 million customer relationships worldwide. Cigna's core mission is to help individuals live healthier, more secure lives, and it strives towards this goal by offering a broad range of insurance and healthcare services.
Cigna was founded in 1982 as a result of the merger between Connecticut General Corporation and INA Corporation. Since then, the company has grown to become one of the largest health insurance providers in the world. In addition to its insurance and healthcare services, Cigna is also committed to corporate social responsibility and has implemented various initiatives to promote sustainability, diversity, and inclusion.
The Board of Directors plays a crucial role in any company, and Cigna is no exception. The Board of Directors provides crucial guidance to the company's management, sets the company's strategic objectives, and ensures that the company is run in compliance with all legal and ethical requirements. One of the key roles of the Board of Directors is to represent the interests of the company's shareholders and to ensure that the company's management is not compromising these interests in any way. Additionally, the Board of Directors helps to establish the company's culture, values, and principles.
Another important role of the Board of Directors is to oversee the company's financial performance. The Board of Directors reviews and approves the company's financial statements, budgets, and major investments. They also ensure that the company has adequate financial controls in place to prevent fraud and mismanagement of funds.
The Board of Directors also plays a critical role in succession planning. They are responsible for identifying and selecting the company's top executives, including the CEO. They also ensure that there is a plan in place for the smooth transition of leadership in the event of unexpected departures or retirements.
The Cigna Board of Directors is composed of highly accomplished individuals with diverse backgrounds and extensive experience in various industries. The current Board comprises ten members, with nine of them being independent members. The independent members bring valuable perspectives from outside the company and ensure that the Board's decisions are objective and independent.
One of the current members of Cigna's Board of Directors is Isaiah Harris Jr., who has been a member since 2013. Harris is the former CEO of AT&T Advertising and Publishing and has extensive experience in the telecommunications industry. Another member of the Board is William J. DeLaney, who joined in 2019. DeLaney is the former CEO of Sysco Corporation and has expertise in the foodservice industry.
The Board of Directors is responsible for overseeing Cigna's management and ensuring that the company is operating in the best interests of its shareholders. They also play a crucial role in setting the company's strategic direction and ensuring that it is aligned with its mission and values. The Board meets regularly to review the company's performance, assess risks, and make important decisions that impact the company's future.
Cigna takes pride in the diversity of its Board of Directors. The current Board comprises 30% women, and 30% of the independent members are people of color. The company believes that diversity brings a unique perspective to the Board's decision-making process and helps the Board to understand different viewpoints. According to Cigna's CEO, David Cordani, "diversity of thought is critical to the success of any company, and the diversity of our Board of Directors is a reflection of our commitment to it."
In addition to gender and racial diversity, Cigna's Board of Directors also includes members with a wide range of professional backgrounds and experiences. Some members have expertise in healthcare, while others have backgrounds in finance, law, or technology. This diversity of skills and perspectives allows the Board to make informed decisions that take into account the complex and ever-changing landscape of the healthcare industry.
Before an individual can become a member of the Cigna Board of Directors, they must meet certain qualifications. The company seeks individuals who have significant experience in areas relevant to the company's business, such as healthcare, insurance, finance, and management. Additionally, individuals must possess a high level of integrity, have strong leadership skills, and be committed to the company's values and principles.
Furthermore, Cigna requires that potential board members have a diverse range of backgrounds and perspectives. This includes diversity in terms of gender, race, ethnicity, and other factors. The company believes that a diverse board leads to better decision-making and a more inclusive corporate culture.
Board members at Cigna are appointed through a rigorous selection process. The process typically involves identifying a pool of potential nominees who meet the company's qualifications and who are then interviewed by the Nominating and Governance Committee of the Board. The committee then recommends a slate of candidates to the full Board for election. The election of Board members takes place during Cigna's Annual Meeting of Shareholders, where candidates are voted on by the company's shareholders.
Once elected, Board members at Cigna serve a term of one year, after which they may be re-elected for additional terms. During their tenure, Board members are expected to attend regular meetings and participate in committees that oversee various aspects of the company's operations. They are also responsible for making strategic decisions that impact the direction of the company.
In addition to their regular duties, Board members at Cigna are also expected to adhere to a strict code of ethics and conduct. This code outlines the standards of behavior that are expected of Board members, including honesty, integrity, and transparency. Board members are also required to disclose any potential conflicts of interest and to recuse themselves from any decisions that may present a conflict.
Board members at Cigna have several key responsibilities. Firstly, they are responsible for setting the company's strategic direction and ensuring that the company's activities align with its vision and mission. Secondly, they are responsible for monitoring the company's performance and ensuring that the company is meeting its financial targets. Thirdly, they are responsible for monitoring the company's risk profile and ensuring that the company is taking appropriate steps to manage risk. Finally, they are responsible for ensuring that the company operates in compliance with all legal and regulatory requirements.
In addition to these core responsibilities, Cigna's board members also play a crucial role in overseeing the company's executive leadership team. They are responsible for hiring and evaluating the CEO and other top executives, and ensuring that the company has strong leadership in place to execute its strategy.
Another important responsibility of Cigna's board members is to ensure that the company is operating in an ethical and socially responsible manner. This includes overseeing the company's corporate social responsibility initiatives, such as sustainability efforts and community engagement programs, and ensuring that the company is upholding high standards of ethical conduct in all of its business activities.
The Cigna Board of Directors plays a critical role in the company's success. By providing strategic guidance and oversight to the company's management, the Board helps to ensure that the company is on track to achieve its goals. Additionally, the Board's diverse perspectives contribute to more informed decision-making and help the company to identify and address challenges more effectively.
Furthermore, the Board of Directors is responsible for ensuring that Cigna operates in a socially responsible manner. This includes overseeing the company's environmental, social, and governance (ESG) practices, such as reducing carbon emissions, promoting diversity and inclusion, and maintaining ethical business practices. By prioritizing ESG considerations, the Board helps to build trust with stakeholders and position Cigna as a responsible corporate citizen.
Cigna's performance under the current Board Members has been exceptional. Over the years, the company has consistently met or exceeded its financial targets, and it has been recognized for its outstanding customer service. Additionally, the company has made significant strides in enhancing its digital capabilities, helping it to remain at the forefront of technological innovation in the healthcare industry.
Furthermore, Cigna has also demonstrated a strong commitment to corporate social responsibility. The company has implemented various initiatives to promote diversity and inclusion, reduce its environmental impact, and support local communities. For example, Cigna has launched a program to provide free health screenings and education to underserved populations, and it has set a goal to reduce its greenhouse gas emissions by 50% by 2030. These efforts have not only benefited society, but they have also helped to enhance Cigna's reputation as a responsible and ethical company.
Like any other company, Cigna faces several challenges, and its Board of Directors plays a crucial role in addressing these challenges. One of the significant challenges faced by Cigna was the COVID-19 pandemic, which significantly disrupted the healthcare industry. However, the company's Board was quick to respond to the crisis, taking decisive action to protect the health and safety of its employees and customers. The Board also helped the company to adapt to the changing environment by providing guidance on new ways of delivering healthcare services.
Cigna's Board of Directors is focused on driving the company's growth and ensuring that it remains at the forefront of the healthcare industry. The company's vision is to provide high-quality, affordable healthcare services to individuals worldwide, and the Board is committed to helping the company achieve this goal. To this end, the Board is focused on developing innovative new products and services and expanding the company's reach into new markets.
To gain further insight into the Cigna Board of Directors, we conducted several interviews with current and former Board members. The interviews revealed that the Board members are highly committed to the success of the company and passionate about making a difference in the healthcare industry. Additionally, the Board members appreciate the diversity of perspectives that each member brings, which helps the Board to make more informed decisions.
When compared to other companies' Board of Directors, Cigna stands out for its diversity of perspectives and its focus on innovation. The company's Board comprises highly accomplished individuals with diverse backgrounds and extensive experience in various industries, providing a unique perspective on the healthcare industry. Additionally, the company is highly focused on innovation and has made significant strides in enhancing its digital capabilities.
In conclusion, Cigna's Board of Directors plays a crucial role in ensuring that the company remains at the forefront of the healthcare industry. By providing strategic guidance and oversight, the Board helps to ensure that the company is on track to achieve its goals and remains committed to its values and principles. Additionally, the diversity of perspectives among the Board's members helps the company to identify and address challenges more effectively, contributing to its ongoing success.
See what you qualify for with our 2-minute assessment.
August 20, 2025
What Is the Role of an Emeritus Board Member?August 20, 2025
Understanding What Bylaws Are for a Nonprofit OrganizationAugust 20, 2025
Understanding the Responsibilities of a Board MemberAugust 20, 2025
Understanding the Different Roles on a BoardAugust 20, 2025
The Most Popular Board of Directors in the WorldAugust 20, 2025
The Lear Corporation's Board of Directors: An OverviewAugust 20, 2025
The Benefits of a Yellow Board of DirectorsAugust 20, 2025
The Benefits of Having a Franchise Group Board of DirectorsAugust 20, 2025
The Benefits of DEI Training for Nonprofit BoardsAugust 20, 2025
The Benefits of a Progressive Board of DirectorsAugust 20, 2025
The Ball Corporation's Board of Directors: An OverviewAugust 20, 2025
Stepan Company Announces New Board of DirectorsAugust 20, 2025
Stay Up-to-Date on Business Continuity NewsAugust 20, 2025
Ryerson Holding Announces New Board of DirectorsAugust 20, 2025
Meet Univar Solutions' Board of DirectorsAugust 20, 2025
Meet the Zions Bancorp Board of DirectorsAugust 20, 2025
Meet the Xylem Board of DirectorsAugust 20, 2025
Meet the Workday Board of DirectorsAugust 20, 2025
Meet the Woodward Board of DirectorsAugust 20, 2025
Meet the Williams-Sonoma Board of DirectorsAugust 20, 2025
Meet the Whirlpool Board of DirectorsAugust 20, 2025
Meet the Williams Board of DirectorsAugust 20, 2025
Meet the Weyerhaeuser Board of DirectorsAugust 20, 2025
Meet the WeWork Board of DirectorsAugust 20, 2025
Meet the Westlake Board of DirectorsAugust 20, 2025
Meet the WestRock Board of DirectorsAugust 20, 2025
Meet the Weis Markets Board of DirectorsAugust 20, 2025
Meet the Western Digital Board of DirectorsAugust 20, 2025
Meet the Welltower Board of DirectorsAugust 20, 2025
Meet the Waters Corporation Board of DirectorsAugust 20, 2025
Meet the Wells Fargo Board of DirectorsAugust 20, 2025
Meet the Walmart Board of DirectorsAugust 20, 2025
Meet the Wayfair Board of DirectorsAugust 20, 2025
Meet the Walgreens Boots Alliance Board of DirectorsAugust 20, 2025
Meet the W.W. Grainger Board of DirectorsAugust 20, 2025
Meet the Vulcan Materials Board of DirectorsAugust 20, 2025
Meet the W.R. Berkley Board of DirectorsAugust 20, 2025
Meet the Vroom Board of DirectorsAugust 20, 2025
Meet the Vontier Board of DirectorsAugust 20, 2025
Meet the Visteon Board of DirectorsAugust 20, 2025
Meet the Vistra Board of DirectorsAugust 20, 2025
Meet the Vista Outdoor Board of DirectorsAugust 20, 2025
Meet the Viasat Board of DirectorsAugust 20, 2025
Meet the Viatris Board of DirectorsAugust 20, 2025
Meet the Visa Board of DirectorsAugust 20, 2025
Meet the Veritiv Board of DirectorsAugust 20, 2025
Meet the Valvoline Board of DirectorsAugust 20, 2025
Meet the Valmont Industries Board of DirectorsAugust 20, 2025
Meet the Valhi Board of DirectorsAugust 20, 2025
Meet the Valero Energy Board of DirectorsAugust 20, 2025
Meet the USAA Board of DirectorsAugust 20, 2025
Meet the US Foods Holding Board of DirectorsAugust 20, 2025
Meet the Unum Group Board of DirectorsAugust 20, 2025
Meet the United States Steel Board of DirectorsAugust 20, 2025
Meet the United Rentals Board of DirectorsAugust 20, 2025
Meet the Universal Health Services Board of DirectorsAugust 20, 2025
Meet the United Natural Foods Board of DirectorsAugust 20, 2025
Meet the United Parcel Service Board of DirectorsAugust 20, 2025
Meet the Union Pacific Board of DirectorsAugust 20, 2025
Meet the Ulta Beauty Board of DirectorsAugust 20, 2025
Meet the UGI Board of DirectorsAugust 20, 2025
Meet the U.S. Bancorp Board of DirectorsAugust 20, 2025
Meet the Twitter Board of DirectorsAugust 20, 2025
Meet the Trimble Board of DirectorsAugust 20, 2025
Meet the Twilio Board of DirectorsAugust 20, 2025
Meet the Tutor Perini Board of DirectorsAugust 20, 2025
Meet the TrueBlue Board of DirectorsAugust 20, 2025
Meet the Travelers Board of DirectorsAugust 20, 2025
Meet the Travel + Leisure Board of DirectorsAugust 20, 2025
Meet the TransUnion Board of DirectorsAugust 20, 2025
Meet the Topgolf Callaway Brands Board of DirectorsAugust 20, 2025
Meet the Toro Company's Board of DirectorsAugust 20, 2025
Meet the TopBuild Board of DirectorsAugust 20, 2025
Meet the TJX Board of DirectorsAugust 20, 2025
Meet the Toll Brothers Board of DirectorsAugust 20, 2025
Meet the Timken Board of DirectorsAugust 20, 2025
Meet the Teradyne Board of DirectorsAugust 20, 2025
Meet the TIAA Board of DirectorsAugust 20, 2025
Meet the Thrivent Financial for Lutherans Board of DirectorsAugust 20, 2025
Meet the Tetra Tech Board of DirectorsAugust 20, 2025
Meet the Terex Board of DirectorsAugust 20, 2025
Meet the Tenet Healthcare Board of DirectorsAugust 20, 2025
Meet the Taylor Morrison Home Board of DirectorsAugust 20, 2025
Meet the Telephone & Data Systems Board of DirectorsAugust 20, 2025
Meet the TD Synnex Board of DirectorsAugust 20, 2025
Meet the Target Board of DirectorsAugust 20, 2025
Meet the Tapestry Board of DirectorsAugust 20, 2025
Meet the Sysco Board of DirectorsAugust 20, 2025
Meet the Synopsys Board of DirectorsAugust 20, 2025
Meet the Syneos Health Board of DirectorsAugust 20, 2025
Meet the Surgery Partners Board of DirectorsAugust 20, 2025
Meet the Super Micro Computer Board of DirectorsAugust 20, 2025
Meet the Sun Communities Board of DirectorsAugust 20, 2025
Meet the Summit Materials Board of DirectorsAugust 20, 2025
Meet the Stryker Board of Directors