Download or read book Directors and Officers Liability Insurance and Corporate Innovation written by Rongli Yuan and published by . This book was released on 2019 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine whether directors' and officers' (D&O) liability insurance affects corporate innovation. We find a positive association between D&O insurance and innovation. The result is robust to a series of robustness checks, including Heckman model, longer test windows of corporate innovation and a difference-in-differences analysis based on a propensity-score-matched sample. Our further analyses show that the impact of D&O insurance on innovation becomes more pronounced for firms with lower risk tolerance, higher litigation risk, and a stronger willingness to innovate. Finally, we find that risk-taking appears to be the underlying channel through which D&O insurance affects innovation.

Download or read book Ensuring Corporate Misconduct written by Tom Baker and published by University of Chicago Press. This book was released on 2011-01-15 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year’s corporate financial meltdowns. Ensuring Corporate Misconduct demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws. As Tom Baker and Sean J. Griffith demonstrate, this need not be the case. Opening up the formerly closed world of corporate insurance, the authors interviewed people from every part of the industry in order to show the different instances where insurance companies could step in and play a constructive role in strengthening corporate governance—yet currently do not. Ensuring Corporate Misconduct concludes with a set of readily implementable reforms that could significantly rehabilitate the system.

Download or read book Directors and Officers Liability written by John H. Mathias and published by Law Journal Press. This book was released on 2000 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines such topics as: the risks officers and directors face, derivative and class actions, and when a corporation is required--or allowed-- to provide indemnification.

Download or read book Directors and Officers Liability written by and published by . This book was released on 1992 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Directors and Officers Liability Insurance written by Adolfo Paolini and published by Taylor & Francis. This book was released on 2020-11-25 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: “With the ever increasing number of claims against directors and officers, this book provides a very welcome addition to the bookshelves which hitherto have lacked books on this important area” - Alison Green, Chairman of the Trustees of the BILA Charitable Trust. This book scrutinises the origins and the rationale underlying D&O insurance, and provides answers to the question of protecting directors against the potential liabilities they may face. It provides clear understanding about D&O policies wording, exclusions and issues of misrepresentation. The information contained in this new book includes Nature and Legality of D&O Liability Insurance, D&O Exclusions, Directors’ and Officers’ Liability to Third Parties, Directors’ Liability at Civil Law, D&O: Defence Costs Cover and Allocation, Aggregation Principles and D&O Cover and the Reinsurance of D&O Policies.

Download or read book Directors Officers D O Liability written by Simon Deakin and published by Walter de Gruyter GmbH & Co KG. This book was released on 2018-02-19 with total page 1020 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years several cases concerning the liability of directors and officers have courted controversy. Arguments raised in such discussions oscillate between two extremes: on the one hand, the need for governing bodies to give a space to entrepreneurial discretion and on the other hand to ensure the protection of investors in and creditors of a company from the consequences of disadvantageous decisions by those bodies. In light of the geographical dispersal of the above stakeholders, the study offers a comparative insight into the liability of directors and officers in 10 key European jurisdictions (in particular, Austria, Czech Republic, Germany, Italy, the Netherlands, Norway, Poland, Spain and Switzerland) and 4 non-European jurisdictions (namely Brazil, Israel, Turkey and the United States). Amongst other things it investigates existing company law principles on the topic and examines their interaction with tort law and other fields with a view to suggesting principles for better stakeholder protection. National reports are complemented by an economic analysis and insurance, conflict of laws and comparative reports. The study also benefits from case study analyses.

Download or read book D O 101 Understanding Directors and Officers Liability Insurance A Holistic Approach written by Larry Goanos and published by Lulu.com. This book was released on 2019-06-05 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real-world war stories from the front lines of D&O Insurance to illustrate the importance of various principles. The book contains a chapter of career advice from more than 60 senior insurance executives, including 25 current or former CEOs. Respected leaders such as Maurice "Hank" Greenberg, Brian Duperreault, Stephen Way, Dinos Iordanou, Kevin Kelley and many others provide their unique insights on career advancement.

Download or read book Directors Officers Liability Insurance Deskbook written by Michael R. Davisson and published by American Bar Association. This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Be it enhancements or restrictions, the scope of D&O policy coverage has reflected the corporate events of the time, most frequently as outlined in case decisions interpreting the same.

Download or read book Directors and Officers Liability Insurance written by and published by . This book was released on 1994 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Directors Officers Liability Insurance Deskbook written by American Bar Association and published by American Bar Association Tort Trial & Insurance Practice Section. This book was released on 2016 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Understanding and interpreting D & O liability and coverage issues involves studying the evolved terms of the corporate liabilities presented, the contract terms implicated and the case decisions interpreting those terms. Now updated, [this book] has evolved with the expansion of corporate liabilities, the terms of the policies at issue and the judicial interpretations as well. Use this book as a reference tool for navigating the current landscape, providing synopses of important judicial decisions (in various jurisdictions) on the key provisions that commonly arise. This book reflects on this history of directors and officers exposures and the insurance coverage called upon to address those risks. [This book] covers the following important issues: policy issuance; insuring agreements; trigger and scope of coverage; defense obligations; policy limits, retentions, and exclusions; settlement; allocation; policy termination and nonrenewable; coverage litigation issues; and recent developments in D & O liability abroad."--

Download or read book Directors and Officers Liability Insurance written by David E. Bordon and published by American Bar Association. This book was released on 1998 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Directors Officers Liability Insurance Deskbook written by Martin O'Leary and published by American Bar Association. This book was released on 2007 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Liability of Corporate Officers and Directors written by William E. Knepper and published by Lexis Law Publishing (Va). This book was released on 1992 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reference offers information needed to avoid legal action. it provides in-depth-analysis of all aspects of director and officer liability, indemnification, D & O liability insurance and insurance alternatives. It directs the reader to hundreds of important court decisions and statutes, and includes D & O policy forms and specimen documents, and checklists.

Download or read book Liability of Corporate Officers and Directors written by William E. Knepper and published by . This book was released on 1978 with total page 1170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Directors and Officers Liability written by Dan L. Goldwasser and published by . This book was released on 1992 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Demand for Directors and Officers Liability Insurance by Us Public Companies written by George Kalchev and published by . This book was released on 2008 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a unique US dataset to analyze the demand for Directors' and Officers' liability insurance. This insurance protects managers mostly from shareholder litigation. Corporate insurance presents a much different environment than individual insurance and calls for in-depth empirical investigation of the reasons why corporation buy insurance at all. Risk aversion by itself is not sufficient to explain the behavior of corporations. Mayers and Smith (1982), MacMinn and Garven (2000), among others, propose that corporate insurance plays a role in mitigating agency problems within the corporation, bankruptcy risk as well as provides real-services efficiencies, among others. Applying dynamic panel data models, these theories are the basis for the empirical tests in this paper. Boyer's (2003) hypothesis that Damp;O insurance is entirely habit driven is rejected, while some role for persistence is still confirmed. I confirm the real-services efficiencies hypothesis and the role of insurance in mitigating bankruptcy risk. Firms with higher returns appear to demand less insurance. Although alternative monitoring mechanisms over management and corporate governance do not appear to play a large role, I find some support that they are complements rather than substitutes. I fail to confirm the role of insurance in mitigating under-investment problems in growth companies. A size adjustment to the limits as a dependent variable is proposed for the first time and it is found to have implications for the results. The paper confirms some, but not all, well-established theories about the decision-making on corporate insurance and the significance of risk management using US panel data for the first time.

Download or read book Directors and Officers Liability Insurance written by Ian Youngman and published by CRC Press. This book was released on 1999-07-15 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In our increasingly litigious society, no company can afford to be without directors' and officers' liability insurance. To the author, whose involvement with this form of liability insurance dates from its earliest introduction, the rapid growth in demand comes as no surprise. The current rule seems to be: If you can't sue the person you thought responsible, keep on filing suits until you hit a target. Directors' and Officers' Liability Insurance scrutinizes new legal developments and case law, new insurers and challenges in ownership, and new types of policy and marketing methods. Each chapter is constructed as a separate module for ease of use and practicality. The author provides the views and experiences of specialist practitioners together with detailed case studies. He also illustrates the links between other forms of insurance and their relationship with international company law. A well designed liability policy will go a long way in managing the potential liabilities that directors' and officers' face as they deliver their services to their clients. Directors' and Officers' Liability Insurance provides a comprehensive source of information useful to brokers and other professionals worldwide. This book is a necessity for any broker who has dealings with major companies, and for underwriters of companies moving into this sector. Features