stakeholder - ANSWERA party that has an interest in how a company conducts its business. Also known as a constituent.
dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's board of directors.
financial professional - ANSWERIn insurance sales, any individu...
stakeholder - ANSWERA party that has an interest in how a company conducts its business. Also
known as a constituent.
dividend - ANSWERCompensation that a company may pay to owners upon a vote by the company's
board of directors.
financial professional - ANSWERIn insurance sales, any individual—including agents, bank-affiliated
sales personnel, and brokers—who is licensed to sell insurance products, solicit sales, or negotiate
insurance contracts.
reinsurance - ANSWERInsurance that one insurance company, known as the direct writer, purchases
from another insurance company, known as the reinsurer, to transfer all or part of the risk on
insurance policies that the direct writer issued.
board of directors - ANSWERA corporation's governing body, elected by the owners, that makes
broad policy decisions to ensure that stakeholder interests are safeguarded appropriately.
governance - ANSWERA corporate board's accountability, responsibility, and authority to direct an
organization to properly fulfill its missions on behalf of legitimate stakeholders.
ethics - ANSWERA system of accepted standards of conduct and moral judgment that combines the
elements of honesty, integrity, and fair treatment.
code of conduct - ANSWERA formal statement of a company's values and its expectations for the
behavior of its employees. Also known as a code of business conduct or a code of ethics.
ombudsman - ANSWERAn independent, impartial, and confidential professional who provides ethical
guidance on specific problems. Also, a company-wide resource for improving business conduct by
sharing best practices and addressing any systemic needs.
ethics office - ANSWERA department or unit that provides employees with advice or counsel about
ethical dilemmas and allows them to report ethical misconduct. Also called a compliance office.
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