Great-West Life believes in the importance of good corporate governance and the central role played by directors in the governance process. Great-West Life believes that sound corporate governance is essential to the well-being of the Company, its shareholders and policyholders.
Great-West Life, together with subsidiaries London Life and Canada Life is a leading Canadian insurer with interests in life insurance, health insurance, investment, savings and retirement income and reinsurance, primarily in Canada and Europe.
Corporate governance practices are aligned between Great-West Life, London Life, Canada Life and Great-West Life’s parent corporation, Great-West Lifeco Inc. All of the directors of Great-West Life are also directors of London Life and Canada Life and most of the directors of Great-West Lifeco are also directors of Great-West Life.
Each of Great-West Life, London Life, and Canada Life has adopted essentially the same Board and Committee charters and other governance structures, processes and practices, and the Board of Great-West Lifeco monitors whether the mandates and other governance structures, processes and practices have been implemented and/or followed by these subsidiaries.