Corporate Governance Highlights
The Board of Directors of Health Net, Inc. (the "Board") has adopted Corporate Governance Guidelines to assist the Board in carrying out its fiduciary and other responsibilities effectively. The Guidelines reflect the Board's commitment to monitor the effectiveness of policy and decision-making, both at the Board and management level, with a view to enhancing long-term stockholder value.
The Guidelines outline the Board's role, goals, size, membership criteria, compensation, meeting attendance, leadership development and committees.
The Board reviews the Guidelines periodically and, upon the recommendation of The Governance Committee, may modify the Guidelines as appropriate from time to time to reflect the evolution of its corporate governance practices.
The Board has established Director Independence Standards as guidelines to assist it in determining director independence.
The Board of Directors of Health Net, Inc (the "Company") approved a revised Code of Business Conduct and Ethics (the "Revised Code"), which applies to all of the Company's associates, officers and directors, and is effective as of January 24, 2012. Revisions in the Revised Code include the addition of a new section highlighting the Company's commitment to fight fraud, waste and abuse, as well as certain changes to the Company's gifts and entertainment policy. In addition, certain other revisions were made to the Revised Code to reflect current laws and internal practices. The forgoing description does not purport to be a complete description of the above-described revisions and the above description is qualified in its entirety by reference to the complete Revised Code, which can be accessed by clicking here.
Contact information for the Corporate Ethics Officers and Health Net's Integrity Line phone number are listed in the Code of Business Conduct and Ethics.
It is Health Net's policy to comply with all laws and demonstrate
transparency in making political contributions.
Health Net, Inc. has four standing committees: