Tag Archives: executive liability

Seeking cover in the new senior managers’ regime

Despite all the talk about personal accountability at board-level by politicians and regulators, there have been very few instances of prosecutions or enforcement against the senior managers of banks and other financial institutions. So, is there really any reason for … Continue reading →

Directors’ liability – Entering uncharted territory

Directors and Officers liability insurance is often the final safety net for senior executives who find themselves directly involved in an underlying loss event or caught up in consequent shareholder litigation. An unprecedented focus by legislators and regulators on personal … Continue reading →

Ignorance No Defence for Company Directors: An Unseasonal Reminder

layoffs

How many of you know what Section 194 of the 1992 Trade Unions and Labour Relations (Consolidation) Act says? I certainly didn’t until I saw that criminal charges had been brought against company directors in what is thought to be … Continue reading →

Insuring Against Fines and Penalties

Lawbooks Stacked

The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (which was given Royal Assent on 1st May 2012) is a subject on which I have previously written. It is, however, worth drawing attention to in another context which bears … Continue reading →

Professional Privilege – Who Does Your Lawyer Represent?

Defense Chairs in Court

I have previously blogged on the vital but sometimes overlooked question as to legal/professional privilege and the nasty sting in the tail it can contain for directors. Simply stated, the issue is whether, at the time a lawyer is giving advice … Continue reading →