Home Hudson Valley Corporate governance changes on Kingstone board

Corporate governance changes on Kingstone board

Kingstone Companies Inc. (NASDAQ:KINS), a Kingston-headquartered property and casualty insurance holding company, announced changes to the governance structure of its board of directors.

Among the changes, Kingstone announced that Timothy McFadden (pictured here) was named lead independent director. McFadden joined the board as an independent director in 2018 and brings more than 30 years of experience in the insurance industry.

The company also established a corporate sustainability and risk management committee of the board that will be responsible for oversight of environmental, social and governance issues, cybersecurity, reinsurance and talent acquisition and development. McFadden was named chairman of the new committee, which will also include independent directors William Yankus and Carla D’Andre. The company also announced combined the board’s compensation and finance committees, with Yankus as its chairman.

“The announced changes are designed to ensure Kingstone has a robust governance structure in place to support strategic initiatives and long-term growth for the benefit of all our shareholders,” said McFadden.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 11 books (including the new release "100 Years of Wall Street Crooks," published by Bicep Books). He is also the host of the SoundCloud podcast "The Online Movie Show," host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.


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