As a firm in the business of better decisions, our Board of Directors, internal structures and approach model best practices to support effective decisions. The ability to understand and deliver innovative, trusted solutions to clients to help them address the risks and opportunities posed by ESG-related challenges — such as extreme weather events, geopolitical and economic events, supply chain disruption, cyber incidents, regulatory changes, public health issues and the increased focus on workforce wellbeing — has never been more important. As one firm, we look at risk across all dimensions of our clients’ business and continue to further embed ESG and emerging risks into our enterprise risk management (ERM) strategy.
Our work in this space and the feedback we receive from clients, colleagues, investors and other stakeholders help inform our priorities and actions. We continue to enhance our global and regional climate disclosures, such as through our Task Force on Climate-related Financial Disclosures Index, and our ESG Supplemental Information has improved our disclosure and communication of our ESG policies and practices.
Goal setting is backed by relevant metrics and subject to Board and C-suite-level oversight. We are focused on coordinating across functions, geographies, and areas of our business, clearly defining processes and policies, and operating effectively throughout the organization. This enables us to help our clients and our own firm to thrive.
Linking Governance and Purpose
Aon helps companies adopt and maintain effective governance practices by linking governance, culture and purpose. We combine strong organizational oversight with the flexibility, adaptability and resilience to solve problems as they arise and the communication and behavior modeling that builds an ethical, values driven culture. This is the foundation of better decision making. By ensuring cross-departmental coordination, clearly defined processes and policies, and effective operations throughout the organization, we enable businesses and our own firm to thrive.
Better decisions also require training and education as part of the governance model. Aon’s Global Compliance Program includes training and certifications. Our colleagues are periodically required to complete compliance certifications, such as an annual Code of Business Conduct certification. We also complete annual conflicts disclosure questionnaires and participate in designated training programs, as well as other activities to satisfy additional compliance related requirements.
Our Board of Directors
Aon’s Board provides oversight related to organizational performance, strategic direction, management team performance, risk and key initiatives. Our Board is focused on effective corporate governance to deliver long-term value for all stakeholders, including execution of the company’s ERM and risk mitigation strategies. Our Board continually engages in a thoughtful refreshment process, designed to ensure we’re maintaining continuity, as well as increasing our expertise and insight emerging risks such as cyber security, data privacy and data security, as we did with the addition of a new director in 2022.
Of the 12 directors on our Board, 11 out of 12 directors are independent, including the Board chair. Of our directors, two are Asian, one is Black, and one is Hispanic; four of the 12 directors are women. Further information regarding our Board of Directors can be found our investor relations site. The Board includes seven standing committees or subcommittees: