Category Archives: Directors & Officers

Scariest Risks of 2014

Scariest Risks 2014

As risk advisors, WillisWire bloggers tend to think less of ghouls and goblins during the Halloween season than of the frightening real risks our clients face. This year they faced more than their share of new ones, with ISIS, Ukraine, … Continue reading →

More Regulations: Just When You Thought It Was Safe to Come Out…

open_book

The UK’s Financial Reporting Council (FRC) has recently published an updated version of the Combined Code on Corporate Governance in the UK. It will apply to companies with reporting periods commencing on or after 1st October 2014. Continue reading →

Who Pays for the Defence? Bad Cases Make Good Law

write-a-check

“In English law there is, in respect of non-marine liability insurance, no right to recover defense costs…” This pronouncement (perhaps surprising and unwelcome to some) came from the Court of Appeal in its resounding rejection of the insured’s appeal in … Continue reading →

More Employment Claims Are Being Settled: Good News for Most

workplace-dispute

Figures just released by ACAS show that in the first quarter from April to June 2014, it received a total of 17,145 notifications of workplace disputes. Continue reading →

Financial Fraud: Learning from Each Other

UptheSleeve645PX

On Wednesday September 17, Eric Holder, the US Attorney General gave a speech about prosecuting corporates and senior individuals within the banking industry for financial fraud. Continue reading →

1 in 5 companies “Experienced an Investigation Involving Company Director”

Top-Risks-to-Businesses-&-Directors, Year Over Year

The annual Willis/Allen&Overy D&O Survey,“Blurring the Lines,”  is out today. This is our third annual survey and, with over 180 responses, our largest and most authoritative to date. We surveyed executive and non-executive directors, in-house lawyers, risk officers and compliance … Continue reading →

Is the Company’s Cloak of Legal Professional Privilege Always Strong Enough to Protect a Director?

protection

I have blogged before on the vexed but vital question of the extent of legal professional privilege available to directors of companies who later become the focus of investigations and proceedings. As the Morgan Crucible case involving Mr Ian Norris, … Continue reading →

Another Example of the English Courts Flexing Their Muscles

British muscles

I blogged a while back on the long arm jurisdiction of the English courts. In that case, the English courts exercised jurisdiction over a foreign resident director of a foreign company which had submitted to the jurisdiction of the English … Continue reading →

The Most Profound Shift in UK Commercial Insurance Law Ever

sharp turn

It has been eight long years since The Law Commission and the Scottish Law Commission were asked to review UK insurance contract law. Much has been written and said on the subject of insurance contract law reform since then (including … Continue reading →

Who Pays When There Are Conflicts of Interest Between a Company and its Directors?

divergent paths

Reading between the lines it is not hard to see how a company's “extraordinary cooperation” might have led directly to the indictment of its directors. Continue reading →