Carillion, formerly the second-largest construction company in the United Kingdom, went into compulsory liquidation on 15 January. Unfortunately, this type of situation is not uncommon, as the number of companies that entered insolvency in 2017 rose by 4.2 per cent to 17,243, according to the Insolvency Service. Regardless of the size of the organisation, insolvency […]
Posts Tagged: Directors and Officers Insurance
How GDPR Will Expand Your D&O Liability
On 25 May 2018, the General Data Protection Regulation (GDPR) comes into effect, which expands the rights of individuals and their data while placing greater obligations on organisations that process personal data. As cyber-related requirements become more stringent under the GDPR and directors and officers (D&Os) shoulder more liability than ever before, industry experts are wondering […]
Directors and Officers Are Held More Accountable
As risk becomes more complicated, Directors and Officers are held more accountable. Since the financial crisis in 2008, claims against directors and officers have grown more frequent, complex and expensive. One reason for this rise is government legislation that has increased business transparency and placed the responsibility on directors and officers. In fact, after new […]
