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A CULTURE OF STRONG GOVERNANCE AND TRANSPARENCY

We are committed to holding ourselves to the highest ethical standards and being an excellent business partner to our policyholders and distribution partners. We have a diverse and independent Board of Directors, who have strong oversight of our various senior management-led initiatives. We have a robust set of ethics and anti-corruption policies. We provide mandatory in-person or online interactive training on, among other topics, our Code of Conduct, Practical Ethics in the Workplace, and Understanding and Preventing Sexual Harassment. We have strong policies and protocols in place around critical areas such as data privacy and cyber risk mitigation. Our Sustainability Committee, a group of employees and leaders from across the organization, is tasked with making specific recommendations on sustainability initiatives, with oversight from senior management and Selective’s Board of Directors.

As a publicly-traded company in a regulated industry, Selective takes its obligations to policyholders, claimants, shareholders, and other constituencies seriously. We consistently have been recognized for our governance practices, and we apply the same thoughtfulness and discipline to all aspects of corporate citizenship.

Michael Lanza
Executive Vice-President, General Counsel

Our Sustainability Committee is comprised of leaders and employees from across our organization. It is responsible for developing plans and objectives around sustainability initiatives, and reports its progress quarterly to senior leadership and the Board of Directors. The committee’s initiatives are overseen by senior management (including our Chief Executive Officer, Chief Financial Officer, and General Counsel) and the Corporate Governance and Nominating Committee (“CGNC”) of the Board of Directors.

  • Making ongoing recommendations for sustainability initiatives to senior management and the Board, and setting longer-term goals
  • Partnering with internal committees and organizations for sustainability thought leadership and implementation of targeted programs
  • Helping raise company-wide and external awareness around the importance of sustainability
  • Monitoring and regularly reporting on progress to senior leadership and the Board of Directors

 

 

All Selective employees and Board members are directed to raise any suspected Code of Conduct violation or any concern they may have. These concerns can be channeled through the following confidential or discrete methods:

  • Reporting through our Ethics and Compliance Helpline by voicemail or web form, which is monitored by the General Counsel and Chief Compliance Officer, the Chief Audit Executive, and the Chairperson of the Audit Committee of the Board of Directors
  • Directly contacting our General Counsel and Chief Compliance Officer, Chief Audit Executive, Audit Committee Chairperson, or Chief Human Resources Officer.

All reported suspected Code of Conduct violations are logged in a database where they are tracked until resolution. These reported matters are investigated by the appropriate area within the organization with involvement with the Legal and Internal Audit Departments. All employees acknowledge the Code of Conduct annually and participate in training on its content. 

 

 

Selective’s Corporate Ethics and Compliance Program’s Privacy and Data Security Policy provides baseline standards for protecting personal information and sensitive corporate information. Selective implements these standards without limitation through: 

  • Comprehensive information security policies, standards, and procedures subject to ongoing testing, selfassessment, and revision, including periodic review by our internal audit department and input from third-party experts
  • Designated individuals in senior roles who lead our data security team
  • Technology intended to help safeguard information and systems and monitor events
  • Mandatory employee training, testing, and awareness programs
  • Active monitoring of data security risks by our enterprisewide risk management group and senior leadership team
  • Robust initial assessment of third-party vendors’ information security practices and ongoing periodic security assessment and risk mitigation initiatives for third-party hosted applications