Directors and officers risk has been a key issue on the boardroom agenda for the past decade. Although hardly a new risk, D&O liabilities are constantly evolving against the backdrop of the global financial crisis, changing regulation and companies’ international footprint. Particular concerns include tax issues, breach of contract, actions from regulators, bribery, fraud and corruption, employee actions (eg wrongful dismissal suits, actions related to health and safety), shareholder lawsuits and creditors / liquidator actions in relation to bankruptcy procedures.
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