The Board of Directors and Management Committee of Pacific Life Insurance Company are committed to the highest ethical standards in maintaining the Corporation's success, which provides lasting benefit to its policyholders. The number of directors on the Pacific Mutual Holding Company Board will be between seven to thirteen with at least 75% of the Board consisting of independent Directors. Currently, there are ten directors on the Board and the Chairman is independent. Pacific Mutual observes the definition of an independent director as set forth in the New York Stock Exchange Listed Company Manual and in the Corporate Governance Guidelines as well as the requirements of applicable laws and regulations. The Board places a high priority on the vitality and diversity of the Board and actively considers diversity, along with experience, wisdom, judgment, and integrity, in recruitment and nomination of directors. Board members are elected to serve three-year terms and performance and effectiveness is reviewed at least annually. Average director years as of May 2026 – 12 years.
Our Board independence statement and additional guidelines can be found in our Board and Corporate Governance Guidelines and Committee Charters.