Corporate Directors and Officers Liability, Insurance and Risk Management, Paul Cottrell and Joseph P. Monteleone, (Executive Enterprises Publications Co., Inc., 1989), 250 pages. Reviewer: Elizabeth V. Grace, Associate Professor of Accounting and Finance, San Jose State University The scope of ...
Corporate directors strategize and have fiduciary duties; officers like CEO, CFO, COO implement strategies and handle operational risks. Directors and officers need to adhere to legal and ethical standards to avoid personal liability and legal consequences. ...
We have represented numerous corporations, directors, and officers in shareholder derivative litigation alleging improper revenue recognition, stock option backdating, or other forms of accounting fraud, obtaining complete dismissals for several clients, includingGE Capital; the chairman and founder ofE-Uni...
Most states have re-labeled these statutes as “responsible party” statues to make it clear that owners and others can be personally liable even if they are not officers of the company. Generally, states use “responsible party” laws to impose personal liability on individuals only if they ...
L. and Panasian, C. A. (2014), ON LAWSUITS, CORPORATE GOVERNANCE, AND DIRECTORS' AND OFFICERS' LIABILITY INSURANCE. Journal of Risk and Insurance. doi: 10.1111/jori.12043 Stuart L. Gillan is at the Department of Finance, Terry College of Business, 452 Brooks Hall, University of Georgia,...
1040 Abstract Abstract:Directors' and officers' liability insurance(D&O insurance) as an important hedging tools for corporate governance can improve corporate performance, however may lead to moral hazard which impairs firm values at the same time. China's special institutional environment may lead to...
Not only will these steps reduce legal risk, they also should lead to improved IP asset management and financial performance. In addition, directors should actively review the terms of their company’s directors’ and officers’ liability insurance policy, preferably with the assistance of counsel. ...
A corporate officer formulates, implements, and manages strategies and policies across a corporation. These strategies must be in line with the overall goals of the organization. What powers does the board of directors have? The board of directors can hire or fire corporate officers. They can al...
The Company has arranged appropriate directors and officers liability insurance in respect of legal action against Directors. PURCHASE, SALE AND RE-PURCHASE OF SHARES Neither the Company nor any of its subsidiaries has purchased, redeemed or sold any of the Company's listed securities during the ...
Those who, like me, spend much of their time focused on corporate law know that over the past decade or so there has been a serious re-examination of the traditional American understanding that corporate directors and officers should focus exclusively on advancing the interests of their shareholder...