UnitedHealth Group Incorporated (UNH) Shareholders Push for Independent Board Chair

UnitedHealth Group Inc. (NYSE:UNH) is one of the best stocks in Michael Burry’s stock portfolio. On October 3, the company’s shareholders proposed the adoption of an independent board chair. The position is currently held by Stephen Hemsley, Chief Executive Officer. Ken Wolter/Shutterstock.com While Hemsley has served as board chair since 2017, he assumed the role of CEO in May following Andrew Witty’s resignation. “Now, a single person holds both roles — which is as far as it gets from the independent oversight shareholders so critically need,” the proposal says. The push for an independent board chair comes as the health insurer tries to regain the confidence of shareholders. The company has come under shareholder pressure following two straight quarters of earnings misses. It has also revised its 2025 Outlook due to soaring medical costs and shortfalls in government-backed plans. UnitedHealth Group Incorporated (NYSE:UNH) is a health care company that offers consumer-oriented health benefit plans and services. It also provides care delivery, care management, wellness, consumer engagement, and health financial services to patients. While we acknowledge the potential of UNH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.