Chartered Insurance Institute members have voted in proposals to modernise the organisation with a new governing board replacing its existing council.
The governing board will comprise of 13 people including employer and consumer members and will replace the CII’s existing 49 person council.
The Council will be expanded to 65 members and will fulfil a representative function.
CII president Ian Templeton says: “It is without doubt one of the most significant milestones in the CII’s history. The new structure will enable us to be more representative and so expand our influence in the global financial services and insurance communities.
“Now that members have given us the go-ahead, the CII will be able to deliver a fully representative Council and a more inclusive Board meeting best practice governance standards. This will make way for quicker and much more efficient decision-making. Change was essential and our members recognised that”.