UnitedHealth forms 'Public Responsibility Committee' to monitor risks

[UnitedHealthcare headquarters in Minnetonka, Minnesota, USA]
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* UnitedHealth Group (NYSE:UNH [https://seekingalpha.com/symbol/UNH]) has created a Public Responsibility Committee to "monitor and oversee financial, regulatory, and reputational risks that may affect the company's operations and mission."
* Its main responsibilities are "underwriting and forecasting, regulatory relationships, reputational matters, and mergers and acquisitions," per an SEC filing.
* Michele Hooper will serve as chair. As a result, though she will remain a director, she will be replaced by F. William McNabb as lead independent director.
* UnitedHealth noted [https://seekingalpha.com/filing/10327872] that the panel's creation is "part of the company’s continuing commitment to a mission-driven culture of responsibility, integrity and performance. It will provide an additional layer of governance, including enhanced oversight of pricing, operational, regulatory and reputational risks."

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