D & O queries common from boards: survey.(boards of directors and officers)(by Tillinghast business of Towers Perrin)

Financial Executive, April, 2006 by Heffes, Ellen M.; Marshall, Jeffrey

Liability is a paramount issue for directors these days, and for good reason. So, perhaps it's surprising that just half of all public and private companies have received directors and officers (D & O) liability insurance inquiries from their board members, according to the D & O Liability 2005 Survey on Claims and Insurance Purchasing Trends conducted by the Tillinghast business of Towers Perrin.

In addition, approximately 30 percent of nonprofit respondents have also received similar inquiries from their boards. In response, 19 percent of public companies made changes as a result of inquiries--though that percentage drops sharply to just 5 percent of private and 2 percent of nonprofit respondents.

Tillinghast's survey, which included 2,694...

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