The European Confederation of Directors’ Associations (ecoDa), together with the global insurance group American International Group (AIG), have published a pan-European report which offers guidance and insight into the changing environment shaping European directors’ duties and liabilities. The “Guide to Directors’ Duties and Liabilities” was launched on 5 October 2015.
Individual directors face increased risks and potential liabilities as a result of regulatory and political scrutiny of boards, and the number of directors’ and officers’ insurance claims is rising.
Different board structures across Europe affect the nature and enforcement of directors’ duties and liabilities. Board members have to cope with different legal frameworks and different business cultures. Litigation is made more complex by group structures and complex supply chains with companies operating in several countries. The Report includes a variety of cross-border and national case studies.
The Report also analyses how directors’ and officers’ insurance can help board members manage these risks.
View full report:
http://ecoda.org/uploads/media/ecoDa_Directors_Duties_Final_01.pdf