Governance

OUR APPROACH : Collapsed
CHAPTERS : Collapsed
ESG DATA CENTER : Collapsed

Board of Directors

MetLife’s Board of Directors is responsible for providing direction on the management of the property, affairs and business of the Corporation. We maintain a Directors’ Code of Business Ethics, which requires each Director to annually review and sign an acknowledgment of understanding and compliance. 

Each of MetLife’s Board Committees (with the exception of the Executive Committee) is chaired by an independent director with demonstrated expertise in the responsibilities of that Committee and strong leadership skills. The Board’s Governance and Corporate Responsibility Committee meets at least three times each year and makes regular reports to the Board of Directors about its activities. 

The Governance and Corporate Responsibility Committee is tasked with various responsibilities, including oversight of MetLife’s: 

  • Proposed succession and development plans for Executive Officer; 
  • Ethics and compliance programs and sales practices, to mitigate the risk of non-compliance, customer and regulatory complaints and other reputational risks; 
  • Annual compliance plan approval; and 
  • Goals and strategies concerning legislative, regulatory and corporate responsibility initiatives that impact MetLife’s interests. 

The Committee also oversees an annual Board evaluation.

Diversity of Skills and Experience1 (Includes both primary and secondary qualifications)

Executive Leadership
11
Corporate Governance/Public Company Board
11
Financial Services
6
Global Literacy
10
Regulated Industry/ Government
13
Investments
5
Financial Expertise, CFO and Audit
7
Risk Management
10
Customer Insight/Analytics
3
Technology
7
Corporate Affairs
7

2022 BOARD OF DIRECTORS DEMOGRAPHICS

The Company has nominated highly qualified independent leaders to serve on its Board of Directors, including Carla Harris, the most recent appointee as of April 2022.

Sustainability Governance

MetLife’s Chief Sustainability Officer (CSO) is responsible for corporate ESG strategy and commitments. The CSO coordinates with other functional leaders, including the CEO, Head of Corporate Affairs, Chief Investment Officer, Chief Risk Officer and CDO to establish sustainability goals and enact progress across the organization. MetLife’s sustainability function reports regularly to the Governance and Corporate Responsibility Committee of the Board of Directors.

The function has responsibilities relating to, among other things: 

  • Directing and integrating MetLife’s sustainability strategy, target-setting activities, commitments, policies and key performance indicators (KPIs) across the enterprise;
  • Summarizing MetLife’s sustainability performance and metrics in an annual report;
  • Ensuring MetLife’s index of disclosures are aligned to key reporting frameworks, including the Global Reporting Initiative (GRI), SASB and Task Force on Climate-related Financial Disclosures (TCFD); and
  • Managing MetLife’s monitoring and management of relevant ESG issues and opportunities in coordination with appointed sustainability champions in key markets.
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1 AS OF APRIL 2022. FOR A MORE DETAILED DESCRIPTION OF THE SKILLS AND EXPERIENCES, SEE METLIFE'S 2022 PROXY STATEMENT

2 BASED ON DIRECTORS SELF-IDENTIFYING THEIR RACE AND ETHNICITY BASED ON THE FOLLOWING CATEGORIES, USED BY INSTITUTIONAL SHAREHOLDER SERVICES: ASIAN; BLACK/AFRICAN AMERICAN; CAUCASION/WHITE; HISPANIC/LATIN AMERICAN; INDIAN/SOUTH ASIAN; MIDDLE EASTERN/NORTH AFRICAN; NATIVE AMERICAN/ALASKAN NATIVE; NATIVE HAWAIIAN/OTHER PACIFC ISLANDER; OTHER; AND PREFER NOT TO DISCLOSE.