The Accountability Board, which owns shares in about 200 companies and promotes shareholder advocacy, is asking UnitedHealth Group (NYSE:UNH) to change its bylaws to stop its CEO from also being board chairman.
The group has filed a formal proposal.
“We were very disturbed to see recently that at such a trying time for UnitedHealth, the company chose to go backward and combine the CEO and chair roles,” Accountability Board President Matt Prescott said, Bloomberg reported. “We think the company needs a stronger leadership structure.”
In May, Stephen Hemsley, who was board chairman at the time, also took over as CEO following the sudden resignation of Andrew Witty.
UnitedHealth stock has struggled in 2025, and is down ~29% year to date.
