Category Archives: Directors & Officers

The Dangerous Intersection Between Indemnities and Insurance in a D&O Context

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What happens when a company grants an indemnity to someone and at the same time agrees to procure insurance for them as part of the company’s own insurance arrangements? Sounds relevant to D&O insurance? You bet. Continue reading →

The Aftermath of Bribery and Corruption Can be Painful for Directors Too

aftermath of bribery

We hear a lot about the Bribery Act and the threat it poses to UK based companies and their directors. (It is indeed a subject I have blogged about too).  But what happens after the criminal process is finally at … Continue reading →

Is a Company Director Entitled to Compensation for a Failed D&O Claim?

safety-net-holes

What happens when there has been a failure to notify a claim on behalf of a company director and the relevant D&O insurance policy has since expired? Can the director apply to the Financial Services Ombudsman for compensation against the … Continue reading →

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

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“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

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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?

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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 →