Business Services Industry
Heightened regulatory scrutiny increases need for D&O audits.(directors and officers)(Viewpoint essay)
Business Insurance, March, 2007 by Marrkand, Kim
Byline: Kim Marrkand With more than 150 different directors and officers coverage forms in the marketplace and increased scrutiny by the U.S. Securities and Exchange Commission, it is now more important than ever to ensure that any policy adequately meets the needs of your officers and directors.
The post-Sarbanes-Oxley Act world has resulted in a new corporate environment that makes D&O coverage more important for directors and officers. Indeed, a 2004 study by a leading D&O insurer found that many corporate executives expect that their directors and officers will be sued by a combination of customers, vendors and shareholders. As you contemplate renewal of your policy, a complete analysis of its provisions will go a long way toward heading off potential...
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