Directors and officers insurance – Recent critical issues in Australia and New Zealand

Tarr, Julie-Anne (2016) Directors and officers insurance – Recent critical issues in Australia and New Zealand. Journal of Business Law, 2016(1).

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Abstract

Directors and Officers Liability Insurance (“D&O insurance”) has grown and evolved rapidly over the past 80 years to assume an important position in most corporations’ corporate governance and risk management strategies. This article focuses upon certain topical matters of particular concern to directors and officers including the availability of defence costs where a D&O policy is subject to a statutory charge; the commercial desirability of stand-alone “A-side” coverage, being the cover provided directly to directors and officers for loss resulting from claims made against them for wrongful acts; the impact of fraud and/or dishonesty upon D&O cover; and disclosure of the nature and extent of D&O cover to the directors and officers themselves and to third parties – in the latter case such access frequently being necessary to determine the economic viability of pursuing a proposed action against a company and its directors and officers.

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ID Code: 93773
Item Type: Journal Article
Refereed: Yes
Keywords: Directors Officers Liability Insurance, D&O insurance, corporate governance directors cover, defence costs insurance, fraud dishonesty directors insurance, disclosure directors cover insurance, insurance third party disclosure
ISSN: 0021-9460
Divisions: Current > Research Centres > Australian Centre for Philanthropy and Nonprofit Studies
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Facilities: Samford Ecological Research Facility
Copyright Owner: Copyright 2016 Sweet Maxwell
Deposited On: 16 Mar 2016 03:09
Last Modified: 20 Mar 2016 04:40

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