As a reciprocal, policyholders (members) of AEIX own and govern the company. Governance of AEIX is carried out by an executive board of directors and two sub-committee’s that convene separately three times per year. The executive board (SAC) is formed of CEO’s and executive officers from the member systems. AEIX has two advisory sub-committees, the Finance Advisory Committee (FAC) which is formed of finance officers and the Insurance Advisory Committee (IAC) which is formed of risk managers, claim managers and general counsel from the member systems. These committees oversee and make decisions on many aspects of AEIX including strategic planning, investment portfolio, policy management and future quality initiatives. The collaborative and peer group nature of the committees create an environment of transparency, collaboration, and best practice sharing. Ownership provides financial equity, continued control of self-insurance strategies and fosters an environment of operational transparency and long-term partnership.