Download or read book Corporate Directors and Officers Liability Insurance and Risk Management written by Paul Cottrell and published by . This book was released on 1989 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Directors and Officers Liability written by Joseph P. Monteleone and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This resource is the only comprehensive, yet targeted, publication covering both the exposures and risk management/insurance treatments in the area of directors, officers, and management liability.
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 1998 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Insurance written by Ian Youngman and published by Elsevier. This book was released on 1999-06-04 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Directors’ and officers’ liability insurance was at one time considered essential only for large public corporations. Now, no public limited company anywhere in the world should be without it. Large private companies, charities, financial institutions, pension funds and all executive directors need to consider the risks. It is a widely held isconception that legal action cannot be taken against individual directors of limited liability companies. Directors’ and officers’ liability insurance is one of the fastest growing areas in the world insurance market. Company directors are facing increasingly onerous resonsibilities as shareholders demand higher standards of corporate governence. Recent years have seen more stringent laws on environmental liability and directorial responsibility for pollution is now a global concern. This new edition will answer the questions: Just what are the personal liability risks facing directors? How can they protect themselves against the increasing possibility of being sued? What are the latest developments? Ian Youngman cuts through the jargon and explains the intricacies of this kind of cover and how it relates to other forms of insurance. He includes examples of claims, as well as profiles of insurers specialising in this area. He also assesses the current and likely future status of D & O cover in all the world markets.
Download or read book Corporate Director s and Officer s written by Paul Cottrell and published by . This book was released on 1994-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 A Handbook on D O Liability Insurance written by Institute of Directors and published by Institute of Directors IOD India. This book was released on with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook on Directors & Officers (D&O) Liability Insurance is designed to provide comprehensive insights and practical knowledge for directors, officers, and corporate stakeholders and also insurance fraternity. It delves into the critical aspects of D&O liability and insurance, offering a thorough understanding of the responsibilities, risks, and protections essential for effective corporate governance. It is an invaluable resource for both aspiring and existing board members and officials, helping to drive informed conversations and decision-making.
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 Deskbook written by Martin O'Leary and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Deskbook is designed as a practical reference tool for practitioners of directors and officers (D&O) liability and coverage"--
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 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 Managing the Risk of Directors Wrongful Conduct Through D O Insurance written by Samet Caliskan and published by . This book was released on 2019 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companies may suffer loss through the wrongful conduct of their directors. There are various techniques to mitigate this risk, one of which is insurance. This method transfers or shifts the risk to insurers and should assist a company seeking to mitigate this risk for the purpose of protecting the long-term interests of stakeholders. Accordingly, the question that the article seeks to answer is whether the company is truly able to mitigate the risk through insurance or whether there are certain obstacles that may prevent it from doing so.Being able to mitigate corporate risks by transferring the loss to the insurer is an important feature of corporate insurance policies. Such policy coverages are typically provided to the company under Directors and Officers Liability Insurance (hereafter D&O insurance), which was introduced by Lloyds of London in the late 1930s. This insurance is a type of liability insurance that aims to protect both the companies and directors for loss suffered either by the companies or third parties. The company may seek to bring a claim under the insurance policy for various types of loss due to the operational deficiencies of its business and behavioural shortcomings of its directors.
Download or read book How Shareholder Litigations Deter Directors and Officers U S and Italy a Comparative Analysis written by Federico Pastre and published by GRIN Verlag. This book was released on 2012-02 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: Honors, Fordham University School of Law, course: Corporations, language: English, abstract: This paper focuses on the issue of whether shareholder litigations brought in the U.S. - namely, derivative suits and securities class actions - and their equivalent in the Italian law system, achieve their principal regulatory goal of deterring corporate directors and officers from engaging in unlawful conduct, in addition to compensating shareholders and investors for the harm they suffered. In the United States, effective derivative suits and securities class actions, contingency fees, and the rule concerning legal expenses, create an entrepreneurial system in which directors and officers are ultimately deterred by the private enforcement of the law. Nevertheless, the presence of other interests not aligned with the public interest in optimal deterrence causes the deterrence effect to suffer peculiar distortions. Indemnification agreements and D&O liability insurance deeply shape the remaining deterrence effect, in particular, D&O liability insurance shifts the risk of losses to a third party that fails to reintroduce it. This paper analyzes possible solutions to this problem that have been receiving scholarly attention. With regard to the Italian legal system, this paper stresses the causes behind the ineffectiveness of the Italian private enforcement system of corporate laws and analyses what solution, if any, may be adopted. The lack of economic incentives for the plaintiff shareholder, the absence of discovery rules and the difficulty of accessing useful information to be used in litigation, impair the effectiveness of the enforcement system and with it the deterrence goal. Lastly, this paper addresses how differing social landscapes and judicial attitudes also play a role in the deterrence effect within the two legal syst
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 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.
