Verisk serves as a trusted partner, positioned at the intersection of people, data, and advanced technology. As such, we are continuously enhancing our governance strategy, demonstrating our ongoing commitment to responsible business practices.
The Verisk Board comprises 11 directors, including four women. All Verisk directors meet the Nasdaq definition of independence, except for Lee Shavel, Verisk’s CEO. The Board includes an independent Chair of the Board and six committees: Audit; Compensation; Executive; Finance and Investment; Governance, Corporate Sustainability, and Nominating; and Risk.
Verisk conducts an annual risk survey facilitated by its internal Enterprise Risk Management (ERM) department. As part of this process, business unit management identify key internal and external risks and assess their likelihood and potential impact. Following an extensive review, analysis, and prioritization by the executive team and the Board, the organization’s mission-critical risks are identified. The Board then receives regular updates on the external risk landscape, trends, and internal risk indicators for mission-critical risks.
Verisk sets a high and uniform standard of fair and ethical behavior for its management, employees, and suppliers. These standards are detailed in our Code of Business Conduct and Ethics, Anti-Bribery and Corruption Policy, Supplier Code of Conduct, Employee Covenants, Human Rights Policy and Statement on Modern Slavery. In addition to these policies, Verisk has an enterprise-wide internal audit function, an extensive security and compliance framework, mandatory annual training for our employees and contractors, and a whistleblower hotline maintained by an independent third party.
For information on our whistleblower hotline:
Verisk's Employee Covenants define expectations for individual and workplace behavior. At the time of hire and every year thereafter, we require every employee, including our senior management, to acknowledge the Verisk Employee Covenants. The covenants include policies for equal employment opportunity, zero tolerance for harassment, obligation of confidentiality, intellectual property rights, antitrust compliance, computer and information security, personal information privacy, a smoke-free workplace, and more.