Board Nominations & Elections

The transformation of Injured Workers' Insurance Fund to Chesapeake Employers' Insurance Company has been an exciting process and one that has proven beneficial to our policyholders and agents. This process will continue at the annual meeting of policyholders to be held on June 30, 2022, where the policyholders will elect three individuals to Chesapeake Employers' Board of Directors; therefore, completing our initial election process in which seven members of our Board have been elected by our Policyholders.

Each member of the Board of Directors must be a resident of the State of Maryland and cannot be an employee of Chesapeake Employers’ or the Injured Workers Insurance Fund. To the extent practicable, the Board of Directors must reflect the geographic and demographic, including race and gender, diversity of the State of Maryland.

The three Director nominees at the 2022 annual meeting of policyholders must have the following qualifications:

(1) one must have significant experience in the accounting or auditing field; and

(2) one must have significant experience as a representative, employee, or member of a labor union; and

(3) one is an “at large” director, without additional required experience.

The Nominating and Corporate Governance Committee of the Board of Directors will assess all nominees’ qualifications, judgment, experience, independence, understanding of the insurance industry, and other factors that it determines are pertinent. Desired attributes of a Director nominee include: demonstrated breadth and depth of management and leadership experience; integrity and demonstrated high ethical standards; the ability to devote sufficient time to prepare for and attend board meetings; and diversity in gender, ethnic background, personal and professional experience, viewpoints and other demographics.


The Nomination & Election Process

We have provided a general timeline for how the process will unfold.

01
December 15, 2021: Application & Nomination Process Opens

Applications will be accepted to fill three (3) seats on Chesapeake Employers' Board of Directors.

01
December 15, 2021: Application & Nomination Process Opens

Applications will be accepted to fill three (3) seats on Chesapeake Employers' Board of Directors.

02
January 17, 2022: Application & Nomination Process Closes

At the close of the application process, applications will be reviewed by the Nominating and Corporate Governance Committee of Chesapeake Employers' Board of Directors with the full Board then recommending applicants to be placed on the ballot.

 

02
January 17, 2022: Application & Nomination Process Closes

At the close of the application process, applications will be reviewed by the Nominating and Corporate Governance Committee of Chesapeake Employers' Board of Directors with the full Board then recommending applicants to be placed on the ballot.

 

03
April 2022: Voting Begins

How to cast your vote

ONLINE

Follow the instructions that will be provided in the separate proxy card you will receive in the mail. Proxy will be mailed in April 2022, to each policyholder's address on record.


MAIL

Send your completed and signed proxy card to the address on your proxy card.


IN PERSON

Ballots will be provided to anyone who attends and wants to vote at the Annual Meeting.

03
April 2022: Voting Begins

How to cast your vote

ONLINE

Follow the instructions that will be provided in the separate proxy card you will receive in the mail. Proxy will be mailed in April 2022, to each policyholder's address on record.


MAIL

Send your completed and signed proxy card to the address on your proxy card.


IN PERSON

Ballots will be provided to anyone who attends and wants to vote at the Annual Meeting.

04
June 30, 2022: Annual Meeting of Policyholders

All votes will be tallied and announced at the annual meeting and three (3) new Directors will be added to the Board of Directors effective immediately following the annual meeting.

04
June 30, 2022: Annual Meeting of Policyholders

All votes will be tallied and announced at the annual meeting and three (3) new Directors will be added to the Board of Directors effective immediately following the annual meeting.