Understanding your liabilities: the importance of D&O insurance for NEDs

February 20, 2019Non-Execs' Responsibilities, Non-Executive Director, Non-Executive Director JobBy Rachel

In January 2019, Clyde & Co hosted a NEDonBoard panel discussion on the legal duties and liabilities that apply to non-executive directors (NEDs), the role of directors and officers (D&O) insurance in mitigating directors’ personal liability and the due diligence that NEDs should carry out before accepting a position on the board. In this blog post, we share the thoughts of the panelists on the importance of D&O insurance for NEDs. We also provide some useful tips for NEDs when they join a board. When it comes to personal liability, a company will usually stand behind its NEDs provided they

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