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5.10.2021 Personal Liability and D&O Insurance, McGill & Partners Insights

October 5, 2021 @ 11:00 am - 12:30 pm

Free
More Regulation for Boards Spells Greater Scope for Personal Liability.

NEDonBoard has the pleasure to welcome back subject matter expects Noona Barlow and Francis Kean from McGill and Partners for an important session on sources of personal liability risk, regulatory investigations, and the actions you can take as a non-executive director to protect yourself, your assets and reputation.

CONTEXT:

In March 2021 the UK government published a consultation paper called “Restoring trust in audit and corporate governance.” Among other things it proposes “new reporting and attestation requirements covering resilience planning, designed to sharpen directors’ accountability in (…) key management areas within the largest companies.” An obvious challenge for boards is to identify what constitute “key management areas.” The penalty for directors who get this wrong and fail to implement appropriate resilience planning is potential personal liability since courts and regulators have consistently emphasised that company directors cannot delegate or outsource their supervisory functions.

All of this activity is taking place in the context of the already beleaguered D&O insurance market, when directors and companies continue to face ever increasing accountability and an uptick in the frequency and severity of claims, coupled with shrinking coverage and skyrocketing cost.

SESSION INSIGHTS:

Please join NEDonBoard and our co-hosts for this session, Francis Kean and Noona Barlow from McGill and Partners, to discuss the evolving challenges for boards.

We will discuss the sources of personal liability risk, regulatory investigations, and the actions you can take as a non-executive director to protect yourself, your assets and reputation. Portfolio NEDs and NEDonBoard members Marcia Cantor-Grable and Calum Mercer will complement the insights and knowledge of Francis Kean and Noona Barlow. We will also discuss the results of the short survey What’s on your mind?, which remains open for your input. There will be time for Q&A throughout the session.

EVENT FORMAT:

Introduction

Presentation from McGill and Partners

The NED perspective

Q&A

The event will start at 11 AM and close at 12.30 PM.

FAQ:

Can I participate if I am not a NEDonBoard member?

This event is open to NEDonBoard members (free to attend, registration required) and non-members (an attendance fee applies, registration required). Members are prioritised for this event. If you would like to know more about NEDonBoard please visit: https://www.nedonboard.com/become-a-member/ or email: [email protected]

TO ATTEND:

Please ensure to select the relevant ticket option and complete the registration form.

Dial-in details will be distributed the day before the event.

This event is specifically for experienced non-executive directors, board members and chairs, as well as those newly transitioning to a NED portfolio career. We look forward to welcoming you to this event.

Organiser

NEDonBoard Online
Website:
https://www.nedonboard.com/