Crawford & Company Establishes Stock Ownership Guidelines for Board-Elected Officers
Published In: Business, Georgia 
Thursday, March 12, 2009 10:32 AM
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ATLANTA, March 12 /PRNewswire-FirstCall/ -- Crawford & Company (NYSE: CRDA; CRDB) has established guidelines, effective March 1, for the ownership of Crawford stock by the Company's Board-elected officers.

"We created and adopted the ownership guidelines to demonstrate the commitment of our leadership to investors, employees, customers and vendors," said Jeffrey T. Bowman, Crawford's president and chief executive officer. "During this unprecedented time of economic turmoil, management ownership of Company stock demonstrates our belief in Crawford and its future and our dedication to sound corporate governance."

The guidelines established by Crawford apply to the president and chief executive officer, executive vice presidents and other executives elected as officers of the Company by the Board. Ownership guidelines are based on various multiples of executive compensation. The guidelines will be administered and interpreted by the Board's Nominating/Corporate Governance/Compensation Committee.

Executive stock ownership policies are common among large U.S. companies and have grown in prevalence since the early 1990s, according to recent research published by Equilar(R), a provider of executive compensation benchmarking solutions. The percentage of Fortune 250 companies with publicly disclosed executive stock ownership policies was 82.6 percent in 2007.(1)

(1)Information presented in Equilar news release, October 2, 2008.

About Crawford

Based in Atlanta, Georgia, Crawford & Company (www.crawfordandcompany.com) is the world's largest independent provider of claims management solutions to insurance companies and self-insured entities, with a global network of more than 700 locations in 63 countries. Major service lines include property and casualty claims management, warranty inspections, integrated claims and medical management for workers' compensation, legal settlement administration, including class action and bankruptcy claims administration, and risk management information services. The Company's shares are traded on the NYSE under the symbols CRDA and CRDB.


SOURCE Crawford & Company


 
Thursday, March 12, 2009 10:32 AM

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