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UNH » Topics » Enhanced Director Independence

This excerpt taken from the UNH 8-K filed Nov 8, 2006.

Enhanced Director Independence

The Board significantly strengthened its requirements for director independence. The requirements are set forth on the Company’s Web site, www.unitedhealthgroup.com, and will hereafter preclude a finding of independence if:

 

  •   A director received any direct compensation from the Company (other than for board service) in the past three years, thus extending the heightened New York Stock Exchange requirements for Audit Committee members to all independent directors;

 

  •   Charitable contributions from the Company to any tax exempt institution of which a director or his or her immediate family member is a current executive officer exceed the lesser of $1 million or 2 percent of the institution’s consolidated gross revenue; or

 

4

  •   A director falls into one of several new categories involving a business relationship with management, including any business relationship in which the director or an affiliated entity receives compensation from an executive officer.
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