Learn about the committees and charters that govern the Blue KC Board of Directors.
The following information represents the purpose statement of each of the Blue Cross and Blue Shield of Kansas City (Blue KC) Board of Directors Committee Charters. To learn more about a particular committee, select the committee name.
Audit Committee Charter
The Audit Committee derives its authority from the Bylaws of the Corporation, which provide "the primary responsibilities of the Audit Committee shall be to:
- Meet periodically with the Corporation's internal and external auditors to discuss the fiscal integrity of accounts and quality of financial administrative controls.
- Directly appoint, retain, compensate, oversee, evaluate and terminate any public accounting firm retained as the Corporation's auditor.
- Provide recommendation of major investment policies to the Board.
- Meet with inside auditors and compliance officer on a regular basis and assist with Board oversight of the Corporation's compliance with legal and regulatory requirements.
- The Audit Committee will be the venue to provide an open avenue of communication among the independent auditor, financial and senior management, the internal auditing department and the Board of Directors.
Governance Committee Charter
The purpose of the Governance Committee is to assist the Board of Directors (the "Board") in discharging its duties with respect to Board composition and corporate governance, by:
- Developing the criteria, skill sets, and selection processes required for board membership and officers of the board.
- Recommending membership to the Board, considering the skills and attributes of the candidate, needs of the Board, value of broad diversity and the geographic representation of Blue KC membership.
- Establishing programs, processes and procedures to develop the Board to carry out their fiduciary responsibilities to the corporation and to Blue KC members.
- Developing, recommending to the Board and periodically reviewing corporate governance guidelines applicable to Blue KC.
- Conducting regular evaluation of the Board's performance.
Health Policy and Quality Committee
The purpose of the Health Policy and Quality Committee is to provide oversight of health policy and quality issues for Blue KC. This committee is charged with overseeing the establishment and integration of the Quality Management Programs and measurement of quality programs on a regular basis. The ultimate goal of this committee is to improve the quality of care and services provided to Blue KC members.
Compensation Committee Charter
The purpose of the Compensation Committee is to provide oversight review of compensation and benefits of the management and employees of the corporation. The Committee shall evaluate, recommend, or approve, as appropriate, as well as report to the Board of Directors on matters concerning the Company's Performance and Rewards Strategy, including management performance, employee compensation and personnel policies, programs and plans, in accordance with the Executive Performance and Rewards Decision Accountability Matrix.
Marketing Committee Charter
The purpose of the Marketing Committee is to assist in providing guidance and oversight of the Corporation’s marketing plans, advertising strategies, public relations and brand image.
Investment Committee Charter
The purpose of the Investment Committee is to assist with review and oversight of the Corporation’s investment policy, objectives, guidelines and investment performance; provide recommendations on major investment objectives, strategies and policies; and Oversee the Corporation’s investment consultants.