5.10.2021 Personal Liability and D&O Insurance, McGill & Partners Insights
October 5 @ 11:00 am - 12:30 pmFree - £40.00
Online presentation & interactive Q&A dedicated to understanding liabilities associated to your NED role and Directors & Officers insurance, co-hosted with experts from McGill and Partners.
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.
The session will begin with a brief refresher about the “basics” of D&O insurance, and there will be plenty of time for Q&A throughout the session.
Sharing insights from the NED perspective will be NEDonBoard members, Calum Mercer and Marcia Cantor-Grable.
11:00 – Event welcome – NEDonBoard
12:30 – Event close
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]
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.