Blogger Archives: Francis Kean

Francis Kean

Francis is an Executive Director in Willis Towers Watson's FINEX Global, where he specializes in insurance for Directors & Officers (D&O) of companies. He joined Willis in 2010 and has 25 years of experience as a leading litigation lawyer specializing in professional indemnity, financial institutions and directors and officers liability in the London insurance market.

Boards Need to Wake up to Cyber Threats and Liabilities

Hand Shadow Over Keyboard

There is a whole universe of potential cyber risk not understood at a board level, and company directors must wake up to cyber threats or risk litigation from all sides. Continue reading →

10 Questions No Non-Executive Director Should be Afraid to Ask

Ten questions to help non-executive directors (“NED’s”) determine whether they enjoy adequate protection under a company’s D&O program. Continue reading →

Two Mega D&O Lawsuits Pending in Japan

Officials and Judges at the Tokyo District Court are likely to be working overtime in the coming weeks and months. Two of the largest claims to have been made in Japan are likely to commence at virtually the same time.  … Continue reading →

Directors Waiving Bonuses Can Still be Taxed on Them

As the battle against spiralling directors’ bonuses continues unabated in the UK, I came across this interesting and topical snippet from accountants BKL on the perils of renouncing directors’ bonuses. Continue reading →

“Business Common Sense” Prevails in Commercial Contract Dispute

A recent decision by the UK Supreme Court in Rainy Sky S.A. and others v Kookmin Bank marks a subtle but welcome change of approach to the interpretation of commercial contracts including of course insurance contracts. Continue reading →

Emerging D&O Risk of 2012

What do you get if you put 4 out of 5 risk and coverage issues for directors together, stir vigorously and add a pinch of regulatory zeal? Continue reading →

Beware of Sleeping Dogs in Hong Kong and Beyond

How long can you as a defendant director afford to do nothing if, after you are sued, the claimant does little or nothing to move its case against you forward? That is the question with which the Hong Kong Court of Final Appeals had to grapple in its recent judgment regarding the liquidated Wing Fai Construction Co. Ltd. Continue reading →

SFO to “Vigorously Pursue” Investors Who Benefit From Illegal Company Dividends

A warning issued by the UK’s Serious Fraud Office (SFO) yesterday has left investors quaking in their boots. As reported in the Financial Times today, the SFO has for the first time won a Civil Recovery Order under The Proceeds … Continue reading →

D&O Insurance: Mind the Gap

To what extent is there a gap between the actual or perceived risk factors affecting directors of large companies in the current economic climate and the insurance designed to protect against these risks? That was the question which lay behind … Continue reading →

Offshore Directorships: How Many Are Too Many?

First we had the Weavering case, shedding light on the standard of care expected by the Grand Court of the Cayman Islands of independent directors in offshore hedge funds. Now we have a front page exposé in this week’s Financial Times … Continue reading →