Directors and officers liability insurance: Tensions between corporate and individual insureds

被引:0
|
作者
Mary E McCutcheon
机构
[1] Farella Braun + Martel LLP,
关键词
directors and officers insurance; Side A coverage; fraud exclusion; final adjudication; interim funding agreements; indemnification; business; law; finance;
D O I
10.1057/palgrave.jdg.2040073
中图分类号
学科分类号
摘要
D&O liability insurance has evolved from a policy designed to protect only individual directors and officers to a risk transfer mechanism used to protect a corporations balance sheet. The policy provisions implementing this evolution may dilute the coverage available to the individuals. Policy changes designed to mitigate against this dilution, however, may lead to unanticipated impairments of coverage for both individuals and the corporation.
引用
收藏
页码:148 / 155
页数:7
相关论文
共 50 条
  • [41] Overinvestment, ownership structure, and directors' and officers' liability insurance
    Chiang, Yao-Min
    Chang, Pang-Ru
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2022, 78 : 38 - 50
  • [42] Directors' and officers' liability insurance and analyst forecast properties
    Boubakri, Narjess
    Bouslimi, Lobna
    FINANCE RESEARCH LETTERS, 2016, 19 : 22 - 32
  • [43] Directors and Officers Liability Insurance: Implications of Abnormal Coverage
    Kalelkar, Rachana
    Nwaeze, Emeka
    JOURNAL OF ACCOUNTING AUDITING AND FINANCE, 2015, 30 (01): : 3 - 34
  • [44] Directors and officers liability insurance: an analysis of determinants of disclosure
    Nwaeze, Emeka
    Kalelkar, Rachana
    ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2014, 21 (04) : 389 - 411
  • [45] Does directors' and officers' liability insurance improve corporate ESG performance? Evidence from China
    Tang, Songlian
    He, Lingfei
    Su, Fei
    Zhou, Xiaoyun
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2024, 29 (03) : 3713 - 3737
  • [46] Directors' and officers' liability insurance and corporate cash holdings: From principal-principal perspective
    Liang, Quanxi
    Gao, Wenlian
    Yan, Lijuan
    JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2024, 51 (5-6) : 1432 - 1466
  • [48] PROPOSAL TO LIMIT CIVIL LIABILITY OF CORPORATE DIRECTORS AND OFFICERS
    WAKELING, AA
    INSURANCE LAW JOURNAL, 1976, (645): : 608 - 621
  • [49] Corporate governance and corporate social responsibility: Evidence from directors' and officers' liability insurance
    Xia, Hui
    Ling, Shixian
    Liu, Zhangxin
    Treepongkaruna, Sirimon
    CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2024, 31 (04) : 3006 - 3030
  • [50] Directors' & officers' insurance, corporate governance and firm performance
    Chen, Tsai-Jyh
    Li, Shu-Hsing
    INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2010, 7 (03) : 244 - 261