This excerpt taken from the CI DEF 14A filed Mar 22, 2007.
Stock Ownership Guidelines. Directors are expected to own $250,000 in any combination of CIGNA common stock, stock equivalents, stock units or hypothetical stock within three years of joining the Board. Prior to the 2006 update of the Non-Employee Director Compensation Program (discussed on page 26), directors were required to either invest a portion of their Board retainer in shares of CIGNA common stock or defer a portion of their retainer in hypothetical shares of CIGNA common stock.
This excerpt taken from the CI DEF 14A filed Mar 21, 2005.
Stock Ownership Guidelines
The Committee expects all CIGNA executives to demonstrate confidence in the companys future, and to be personally affected by increases and decreases in the value of CIGNA stock, by sustained ownership of a substantial amount of CIGNA stock. The Committee expects the named executive officers to own stock valued at between three and five times their base salaries, depending on their level. The Committee reviews stock ownership levels annually.